2023 Q1 Form 10-Q Financial Statement

#000164033423000354 Filed on March 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.520K $18.28K
YoY Change -69.8% 555.2%
Cash & Equivalents $5.520K $18.28K
Short-Term Investments
Other Short-Term Assets $0.00 $55.00K
YoY Change -100.0% 4.76%
Inventory
Prepaid Expenses $0.00 $2.500K
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $5.520K $73.28K
YoY Change -92.47% 32.53%
LONG-TERM ASSETS
Property, Plant & Equipment $480.2K $57.22K
YoY Change 739.29% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.610K $11.61K
YoY Change -43.07% 0.78%
Total Long-Term Assets $489.3K $71.33K
YoY Change 586.03% 0.83%
TOTAL ASSETS
Total Short-Term Assets $5.520K $73.28K
Total Long-Term Assets $489.3K $71.33K
Total Assets $494.9K $144.6K
YoY Change 242.21% 14.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.167M $1.677M
YoY Change 88.84% -6.29%
Accrued Expenses $315.8K $357.0K
YoY Change -11.54% -73.58%
Deferred Revenue
YoY Change
Short-Term Debt $1.960M $901.7K
YoY Change 117.34% 23.43%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.99M $4.792M
YoY Change 150.21% -33.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.99M $4.792M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $11.99M $4.792M
YoY Change 150.21% -33.69%
SHAREHOLDERS EQUITY
Retained Earnings -$39.10M -$30.22M
YoY Change 29.39%
Common Stock $1.213M $470.7K
YoY Change 157.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$11.49M -$4.647M
YoY Change
Total Liabilities & Shareholders Equity $494.9K $144.6K
YoY Change 242.21% 14.74%

Cashflow Statement

Concept 2023 Q1 2022 Q1

Facts In Submission

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IssuanceOfCommonStockToEmployeeForServicesAmount
3438 usd
mlfb Issuance Of Warrant To Employee For Services
IssuanceOfWarrantToEmployeeForServices
1211 usd
mlfb Issuance Of Common Stock To Consultants For Services Amount
IssuanceOfCommonStockToConsultantsForServicesAmount
2236 usd
mlfb Issuance Of Common Stock For Equity Line Of Credit Amount
IssuanceOfCommonStockForEquityLineOfCreditAmount
25391 usd
mlfb Issuance Of Warrant With Convertible Secured Promissory Note
IssuanceOfWarrantWithConvertibleSecuredPromissoryNote
310581 usd
mlfb Issuance Of Warrant For Equity Line Of Credit
IssuanceOfWarrantForEquityLineOfCredit
270729 usd
mlfb Reclassification From Equity Of Initial Conversion Option Derivative Value
ReclassificationFromEquityOfInitialConversionOptionDerivativeValue
-3060580 usd
mlfb Reclassification From Equity Of Initial Warrant Derivative Value
ReclassificationFromEquityOfInitialWarrantDerivativeValue
-4680013 usd
mlfb Deemed Dividend Related To The Triggering Of The Full Ratchet Anti Dilution Provision Of Warrants At Fair Value
DeemedDividendRelatedToTheTriggeringOfTheFullRatchetAntiDilutionProvisionOfWarrantsAtFairValue
0 usd
mlfb Reclassification Of Put Premium Upon Conversion Of Convertible Secured Promissory Note
ReclassificationOfPutPremiumUponConversionOfConvertibleSecuredPromissoryNote
29615 usd
mlfb Reclassification Of Put Premium Upon Conversion Of Convertible Unsecured Promissory Notes
ReclassificationOfPutPremiumUponConversionOfConvertibleUnsecuredPromissoryNotes
24186 usd
us-gaap Net Income Loss
NetIncomeLoss
-1794096 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-11494436 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-4249163 usd
mlfb Issuance Of Common Stock That Was Previously Issuable Amount
IssuanceOfCommonStockThatWasPreviouslyIssuableAmount
0 usd
mlfb Issuance Of Common Stock To Consultants For Services Amount
IssuanceOfCommonStockToConsultantsForServicesAmount
191250 usd
mlfb Issuance Of Warrants To Consultants For Services
IssuanceOfWarrantsToConsultantsForServices
98781 usd
mlfb Conversion Of Convertible Unsecured Promissory Notes Amount
ConversionOfConvertibleUnsecuredPromissoryNotesAmount
215668 usd
mlfb Conversion Of Convertible Secured Promissory Note Amount
ConversionOfConvertibleSecuredPromissoryNoteAmount
13198 usd
mlfb Issuance Of Warrant With Convertible Secured Promissory Note
IssuanceOfWarrantWithConvertibleSecuredPromissoryNote
143001 usd
mlfb Reclassification Of Put Premium Upon Conversion Of Convertible Unsecured Promissory Note
ReclassificationOfPutPremiumUponConversionOfConvertibleUnsecuredPromissoryNote
161047 usd
mlfb Reclassification Of Put Premium Upon Conversion Of Convertible Secured Promissory Note
ReclassificationOfPutPremiumUponConversionOfConvertibleSecuredPromissoryNote
4800 usd
us-gaap Net Income Loss
NetIncomeLoss
-1225628 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-4647046 usd
us-gaap Profit Loss
ProfitLoss
1794096 usd
us-gaap Profit Loss
ProfitLoss
1225628 usd
mlfb Amortization Of Debt Discount On Convertible Unsecured Promissory Notes
AmortizationOfDebtDiscountOnConvertibleUnsecuredPromissoryNotes
39588 usd
mlfb Amortization Of Debt Discount On Convertible Unsecured Promissory Notes
AmortizationOfDebtDiscountOnConvertibleUnsecuredPromissoryNotes
12222 usd
mlfb Amortization Of Debt Discount On Convertible Secured Promissory Notes
AmortizationOfDebtDiscountOnConvertibleSecuredPromissoryNotes
615221 usd
mlfb Amortization Of Debt Discount On Convertible Secured Promissory Notes
AmortizationOfDebtDiscountOnConvertibleSecuredPromissoryNotes
72566 usd
mlfb Amortization Of Debt Discount On Notes Payable
AmortizationOfDebtDiscountOnNotesPayable
38439 usd
mlfb Amortization Of Debt Discount On Notes Payable
AmortizationOfDebtDiscountOnNotesPayable
0 usd
mlfb Payments For Repurchase Of Common Stocks
PaymentsForRepurchaseOfCommonStocks
-3438 usd
mlfb Payments For Repurchase Of Common Stocks
PaymentsForRepurchaseOfCommonStocks
0 usd
mlfb Issuance Of Warrants To Employee For Services
IssuanceOfWarrantsToEmployeeForServices
1211 usd
mlfb Issuance Of Warrants To Employee For Services
IssuanceOfWarrantsToEmployeeForServices
0 usd
mlfb Issuance Of Common Stock To Consultants For Services
IssuanceOfCommonStockToConsultantsForServices
-2236 usd
mlfb Issuance Of Common Stock To Consultants For Services
IssuanceOfCommonStockToConsultantsForServices
-191250 usd
mlfb Issuance Of Warrants To Consultants For Services Amount
IssuanceOfWarrantsToConsultantsForServicesAmount
0 usd
mlfb Issuance Of Warrants To Consultants For Services Amount
IssuanceOfWarrantsToConsultantsForServicesAmount
-98781 usd
mlfb Settlement Expense And Cancellation Of Accounts Payable
SettlementExpenseAndCancellationOfAccountsPayable
38200 usd
mlfb Settlement Expense And Cancellation Of Accounts Payable
SettlementExpenseAndCancellationOfAccountsPayable
-55000 usd
us-gaap Loss On Contract Termination For Default
LossOnContractTerminationForDefault
0 usd
us-gaap Loss On Contract Termination For Default
LossOnContractTerminationForDefault
1750 usd
mlfb Conversion Fees On Convertible Unsecured Promissory Notes
ConversionFeesOnConvertibleUnsecuredPromissoryNotes
17500 usd
mlfb Conversion Fees On Convertible Unsecured Promissory Notes
ConversionFeesOnConvertibleUnsecuredPromissoryNotes
0 usd
mlfb Write Off Of Prepaid Investor Relation Fees
WriteOffOfPrepaidInvestorRelationFees
-52500 usd
mlfb Write Off Of Prepaid Investor Relation Fees
WriteOffOfPrepaidInvestorRelationFees
0 usd
mlfb Accretion Of Put Premium Liability
AccretionOfPutPremiumLiability
178153 usd
mlfb Accretion Of Put Premium Liability
AccretionOfPutPremiumLiability
96948 usd
mlfb Loss Gain From Change In Fair Value Of Conversion Option Liability
LossGainFromChangeInFairValueOfConversionOptionLiability
1898594 usd
mlfb Loss Gain From Change In Fair Value Of Conversion Option Liability
LossGainFromChangeInFairValueOfConversionOptionLiability
-213889 usd
mlfb Gain From Change In Fair Value Of Warrant Derivative Liability
GainFromChangeInFairValueOfWarrantDerivativeLiability
1932624 usd
mlfb Gain From Change In Fair Value Of Warrant Derivative Liability
GainFromChangeInFairValueOfWarrantDerivativeLiability
0 usd
us-gaap Depreciation
Depreciation
114161 usd
us-gaap Depreciation
Depreciation
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3802 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-668 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2500 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1426428 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
35288 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-32021 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
29782 usd
us-gaap Increase Decrease In Option Premium Contracts Payable
IncreaseDecreaseInOptionPremiumContractsPayable
30000 usd
us-gaap Increase Decrease In Option Premium Contracts Payable
IncreaseDecreaseInOptionPremiumContractsPayable
0 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3802 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5593 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
17043 usd
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
840774 usd
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
0 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
285807 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
80531 usd
mlfb Increase Decrease In Others Accrued Liabilities
IncreaseDecreaseInOthersAccruedLiabilities
-4158 usd
mlfb Increase Decrease In Others Accrued Liabilities
IncreaseDecreaseInOthersAccruedLiabilities
-4158 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2039660 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-318920 usd
mlfb Trademark Filling Fees
TrademarkFillingFees
0 usd
mlfb Trademark Filling Fees
TrademarkFillingFees
500 usd
mlfb Proceedsfrom Football Equipment
ProceedsfromFootballEquipment
-76268 usd
mlfb Proceedsfrom Football Equipment
ProceedsfromFootballEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76268 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-500 usd
mlfb Proceeds From Issuance Of Convertible Unsecured Promissory Notes Net Of Issue Costs
ProceedsFromIssuanceOfConvertibleUnsecuredPromissoryNotesNetOfIssueCosts
202000 usd
mlfb Proceeds From Issuance Of Convertible Unsecured Promissory Notes Net Of Issue Costs
ProceedsFromIssuanceOfConvertibleUnsecuredPromissoryNotesNetOfIssueCosts
147000 usd
mlfb Proceeds From Issuance Of Convertible Secured Promissory Notes Net Of Issue Costs
ProceedsFromIssuanceOfConvertibleSecuredPromissoryNotesNetOfIssueCosts
512290 usd
mlfb Proceeds From Issuance Of Convertible Secured Promissory Notes Net Of Issue Costs
ProceedsFromIssuanceOfConvertibleSecuredPromissoryNotesNetOfIssueCosts
405920 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
173800 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
5000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
mlfb Repayment Of Convertible Unsecured Promissory Note
RepaymentOfConvertibleUnsecuredPromissoryNote
8997 usd
mlfb Repayment Of Convertible Unsecured Promissory Note
RepaymentOfConvertibleUnsecuredPromissoryNote
0 usd
mlfb Repayment Of Convertible Secured Promissory Note
RepaymentOfConvertibleSecuredPromissoryNote
0 usd
mlfb Repayment Of Convertible Secured Promissory Note
RepaymentOfConvertibleSecuredPromissoryNote
235000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
574174 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1448267 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
317920 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-667661 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1500 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
673181 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19778 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5520 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18278 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
1003 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
mlfb Reduction Of Put Premium Liability Related To Conversion And Payment Of Promissory Notes
ReductionOfPutPremiumLiabilityRelatedToConversionAndPaymentOfPromissoryNotes
53801 usd
mlfb Reduction Of Put Premium Liability Related To Conversion And Payment Of Promissory Notes
ReductionOfPutPremiumLiabilityRelatedToConversionAndPaymentOfPromissoryNotes
165847 usd
mlfb Default Interest From Conversion Of Convertible Secured Promissory Note Amount
DefaultInterestFromConversionOfConvertibleSecuredPromissoryNoteAmount
368974 usd
mlfb Default Interest From Conversion Of Convertible Secured Promissory Note Amount
DefaultInterestFromConversionOfConvertibleSecuredPromissoryNoteAmount
13198 usd
mlfb Conversion Of Convertible Unsecured Promissory Notes And Accrued Interest
ConversionOfConvertibleUnsecuredPromissoryNotesAndAccruedInterest
88700 usd
mlfb Conversion Of Convertible Unsecured Promissory Notes And Accrued Interest
ConversionOfConvertibleUnsecuredPromissoryNotesAndAccruedInterest
12498 usd
mlfb Conversion Of Accrued Interest On Convertible Secured Promissory Notes
ConversionOfAccruedInterestOnConvertibleSecuredPromissoryNotes
101616 usd
mlfb Conversion Of Accrued Interest On Convertible Secured Promissory Notes
ConversionOfAccruedInterestOnConvertibleSecuredPromissoryNotes
0 usd
mlfb Discounts Related To Convertible Promissory Notes
DiscountsRelatedToConvertiblePromissoryNotes
112500 usd
mlfb Discounts Related To Convertible Promissory Notes
DiscountsRelatedToConvertiblePromissoryNotes
37400 usd
mlfb Fair Value Of Warrants Issued With Secured Convertible Promissory Notes
FairValueOfWarrantsIssuedWithSecuredConvertiblePromissoryNotes
310581 usd
mlfb Fair Value Of Warrants Issued With Secured Convertible Promissory Notes
FairValueOfWarrantsIssuedWithSecuredConvertiblePromissoryNotes
143001 usd
mlfb Reclassification From Equity Of Initial Conversion Option Derivative Values
ReclassificationFromEquityOfInitialConversionOptionDerivativeValues
3060580 usd
mlfb Reclassification From Equity Of Initial Conversion Option Derivative Values
ReclassificationFromEquityOfInitialConversionOptionDerivativeValues
0 usd
mlfb Reclassification From Equity Of Initial Warrant Derivative Values
ReclassificationFromEquityOfInitialWarrantDerivativeValues
4680013 usd
mlfb Reclassification From Equity Of Initial Warrant Derivative Values
ReclassificationFromEquityOfInitialWarrantDerivativeValues
0 usd
mlfb Deemed Dividend Related To The Triggering Of The Full Ratchet Anti Dilution Provision Of Warrant At Fair Value
DeemedDividendRelatedToTheTriggeringOfTheFullRatchetAntiDilutionProvisionOfWarrantAtFairValue
6641946 usd
mlfb Deemed Dividend Related To The Triggering Of The Full Ratchet Anti Dilution Provision Of Warrant At Fair Value
DeemedDividendRelatedToTheTriggeringOfTheFullRatchetAntiDilutionProvisionOfWarrantAtFairValue
0 usd
mlfb Warrant And Common Stock Offering Costs
WarrantAndCommonStockOfferingCosts
296120 usd
mlfb Warrant And Common Stock Offering Costs
WarrantAndCommonStockOfferingCosts
0 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
372904 usd
us-gaap Net Income Loss
NetIncomeLoss
-1794096 usd
mlfb Net Cash Used In Operating Activities
NetCashUsedInOperatingActivities
2039660 usd
CY2023Q1 mlfb Working Capital
WorkingCapital
11983783 usd
CY2023Q1 mlfb Accumulated Deficit
AccumulatedDeficit
-39098523 usd
CY2023Q1 mlfb Stockholders Deficit
StockholdersDeficit
-11494436 usd
mlfb Additional Short Term Financing Description
AdditionalShortTermFinancingDescription
Company announced that it had signed two Common Stock Purchase Agreements in the amount of $2,500,000 each or $5,000,000 combined
mlfb Amount Rasied From Offering
AmountRasiedFromOffering
66375 usd
CY2023Q1 mlfb Initial Value Of Conversion Options Liability Amount
InitialValueOfConversionOptionsLiabilityAmount
3060580 usd
CY2023Q1 mlfb Initial Value Of Warrants Derivative Liability
InitialValueOfWarrantsDerivativeLiability
4680013 usd
mlfb Covid19
COVID19
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In March 2020, the World Health Organization declared the novel strain of coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. Subsequently, the COVID-19 pandemic has continued to spread and various state and local governments have issued or extended “shelter-in-place” orders. The spread of the pandemic has caused severe disruptions in the global economy and financial markets and could potentially create widespread business continuity issues of an unknown magnitude and duration.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The future operational and financial impact of the COVID-19 pandemic is difficult to determine, and it is not possible to predict the duration and severity of the economic disruption, government restrictions and stimulus, social distancing and phased re-opening of economies, nor estimate the impact that this may have on the Company, its financial condition, and its results of operations. While we believe that the coronavirus pandemic has not had a significant impact on our financial condition and results of operations at this time, the potential economic impact brought by the coronavirus pandemic, which may be exacerbated by the global macroeconomic uncertainty from the ongoing conflict between Russia and Ukraine, is difficult to assess or predict. There may be developments outside of our control that require us to adjust our operating plans. Given the nature of the situation, we cannot reasonably estimate the impact of the coronavirus pandemic on our financial condition, results of operations or cash flows in the future.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results could differ from the estimates. Significant estimates in the accompanying unaudited financial statements include the useful life of property and equipment, valuation of derivative liabilities, estimates of loss contingencies, valuation of equity-based instruments issued for other than cash and valuation allowance on deferred tax assets.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company reclassed rent expense from general and administrative expense for the three and nine months ended January 31, 2022, in the amount of $25,262 and $98,539 to a separate line item to conform with current period presentation. Total operating expenses were unchanged.</p>
CY2022Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
25262 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
98539 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain financial instruments potentially subject the Company to concentrations of credit risk. These financial instruments consist primarily of cash. We maintain our cash balances in financial institutions that from time to time exceed amounts insured by the FDIC (up to $250,000, per financial institution as of January 31, 2023). At January 31, 2023, none of our deposit accounts exceeded the insured amount. The Company has not experienced any losses in such accounts and management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institution in which are deposits are held.</p>
CY2023Q1 mlfb Cash Balances In Financial Institutions
CashBalancesInFinancialInstitutions
250000 usd
CY2023Q1 mlfb Conversion Option Liabilities
ConversionOptionLiabilities
1359494 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2747389 usd
CY2022Q2 mlfb Conversion Option Liabilities
ConversionOptionLiabilities
197508 usd
mlfb Scheduleofconversionoptionliability Tabletextblock
ScheduleofconversionoptionliabilityTabletextblock
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Conversion Option Liability</strong></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Balance – April 30, 2022</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">197,508</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:11.25pt">Initial value of conversion option liability</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">3,060,580</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Gain from change in the fair value of conversion option liability</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(1,898,594</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px">) </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Balance – January 31, 2023</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">1,359,494</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table><table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Warrant Derivative Liability</strong></p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Balance – April 30, 2022</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Initial value of warrant derivative liability</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">4,680,013</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Gain from change in the fair value of warrant derivative liability</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(1,932,624 </p></td><td style="width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">)</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Balance – January 31, 2023</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">2,747,389</p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2022Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
3802 usd
CY2023Q1 mlfb Revenue From Football
RevenueFromFootball
0 usd
mlfb Revenue From Football
RevenueFromFootball
9180 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
0 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7365 usd
mlfb Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
4343077822 shares
CY2021 mlfb Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
62970000 shares
mlfb Options To Purchase Common Stock
OptionsToPurchaseCommonStock
1200000 shares
CY2021 mlfb Options To Purchase Common Stock
OptionsToPurchaseCommonStock
1200000 shares
mlfb Conversion Of Convertible Unsecure Promissory Notes
ConversionOfConvertibleUnsecurePromissoryNotes
967374035 shares
CY2021 mlfb Conversion Of Convertible Unsecure Promissory Notes
ConversionOfConvertibleUnsecurePromissoryNotes
20782211 shares
mlfb Conversion Of Convertible Secured Promissory Notes
ConversionOfConvertibleSecuredPromissoryNotes
1901121478 shares
CY2021 mlfb Conversion Of Convertible Secured Promissory Notes
ConversionOfConvertibleSecuredPromissoryNotes
11586275 shares
mlfb Total
Total
7212773335 shares
CY2021 mlfb Total
Total
96538486 shares
CY2023Q1 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
2000000000 shares
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.00045
CY2023Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
7212773335 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 mlfb Convertible Authorized Shares Limit
ConvertibleAuthorizedSharesLimit
2000000000 shares
CY2023Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
6426404880 shares
CY2023Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
2000000000 shares
CY2023Q1 mlfb Gain From The Change In Fair Value Of Conversion Option Liability Amount
GainFromTheChangeInFairValueOfConversionOptionLiabilityAmount
1898594 usd
CY2023Q1 mlfb Gain From The Change In Fair Value Of Warrant Derivative Amount
GainFromTheChangeInFairValueOfWarrantDerivativeAmount
1932624 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
114161 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
0 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
480240 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
518133 usd
CY2023Q1 mlfb Purchase Of Football Equipment
PurchaseOfFootballEquipment
76268 usd
CY2023Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
44503 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
114161 usd
CY2022Q3 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
40000 usd
CY2023Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
302076 usd
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
283983 usd
CY2023Q1 mlfb Unpaid Federal Income Tax
UnpaidFederalIncomeTax
1764 usd
CY2022Q2 mlfb Unpaid Federal Income Tax
UnpaidFederalIncomeTax
1764 usd
CY2023Q1 mlfb Legal Settlement
LegalSettlement
0 usd
CY2022Q2 mlfb Legal Settlement
LegalSettlement
70000 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
839 usd
CY2022Q2 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
839 usd
CY2023Q1 mlfb Accrued Penalties For Failure To File Federal Tax Returns
AccruedPenaltiesForFailureToFileFederalTaxReturns
4020 usd
CY2022Q2 mlfb Accrued Penalties For Failure To File Federal Tax Returns
AccruedPenaltiesForFailureToFileFederalTaxReturns
4020 usd
CY2023Q1 mlfb Late Charges On Unpaid Promissory Notes
LateChargesOnUnpaidPromissoryNotes
7150 usd
CY2022Q2 mlfb Late Charges On Unpaid Promissory Notes
LateChargesOnUnpaidPromissoryNotes
7150 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
315849 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
367756 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
31714 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2023Q1 us-gaap Notes Payable Current
NotesPayableCurrent
520586 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
357300 usd
CY2023Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
552300 usd
CY2022Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
357300 usd
mlfb Principal Amount
PrincipalAmount
232300 usd
CY2015Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
100000 usd
CY2016Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
35000 usd
mlfb Late Fee
LateFee
1750 usd
CY2022Q2 mlfb Payment To Lenders
PaymentToLenders
475000 usd
CY2022Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
450000 usd
mlfb Interest Rate Of The Lower Per Annum
InterestRateOfTheLowerPerAnnum
0.22 pure
mlfb Brokerage Commission
BrokerageCommission
11200 usd
CY2022Q3 mlfb Amended Price Of Per Share
AmendedPriceOfPerShare
0.0168
CY2022Q3 mlfb Amount Converted To Note Payable Including Accrued Interest Per Share
AmountConvertedToNotePayableIncludingAccruedInterestPerShare
0.0168
mlfb Description Of Evaluation Stock
DescriptionOfEvaluationStock
evaluated the 1,000,000 shares of stock issued and calculated the relative fair value between the note and the stock on the issue date utilizing the $0.0215 trading price of the stock on July 15, 2022, the date of issuance. As a result, the Company allocated $18,953 to the stock which was recorded as a debt discount with an offset to additional paid in capital
mlfb Debt Discounts
DebtDiscounts
70153 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
31714 usd
CY2023Q1 mlfb Interest Expense Debt Instrument
InterestExpenseDebtInstrument
13872 usd
mlfb Interest Expense Debt Instrument
InterestExpenseDebtInstrument
42552 usd
CY2022Q1 mlfb Interest Expense Debt Instrument
InterestExpenseDebtInstrument
10760 usd
mlfb Interest Expense Debt Instrument
InterestExpenseDebtInstrument
30900 usd
CY2022 mlfb Accrued Interest Notes Payable
AccruedInterestNotesPayable
141996 usd
CY2023Q1 mlfb Notes Payable Related Party
NotesPayableRelatedParty
55000 usd
CY2022Q2 mlfb Notes Payable Related Party
NotesPayableRelatedParty
55000 usd
CY2019Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
85450 usd
CY2022Q2 mlfb Aggregate Principal Amount
AggregatePrincipalAmount
100000 usd
CY2019Q2 mlfb Debt Discounts
DebtDiscounts
2150 usd
CY2019Q2 mlfb Aggregate Principal Amount
AggregatePrincipalAmount
100000 usd
CY2022Q2 mlfb Put Premium Balance
PutPremiumBalance
4560 usd
CY2022Q2 mlfb Total Debt Cancelled
TotalDebtCancelled
7221 usd
CY2022Q2 mlfb Liability Of Options Conversion
LiabilityOfOptionsConversion
446862 usd
CY2022Q2 mlfb Interest Rate Of The Lower Per Annum
InterestRateOfTheLowerPerAnnum
0.22 pure
CY2022Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
3000 usd
CY2023Q1 mlfb Convert Of The Principal Amount
ConvertOfThePrincipalAmount
31500 usd
CY2023Q1 mlfb Amount Converted Into Shares
AmountConvertedIntoShares
47269303 shares
CY2023Q1 mlfb Principal Balance Of Promissory Note
PrincipalBalanceOfPromissoryNote
23500 usd
CY2023Q1 mlfb Amortization Of Debt Discounts
AmortizationOfDebtDiscounts
756 usd
mlfb Amortization Of Debt Discounts
AmortizationOfDebtDiscounts
1019 usd
CY2023Q1 mlfb Amortization Of Debt Discounts Balance Amount
AmortizationOfDebtDiscountsBalanceAmount
1981 usd
CY2023Q1 mlfb Put Premium Additional Paid In Capital
PutPremiumAdditionalPaidInCapital
16951 usd
CY2023Q1 mlfb Remaining Put Premium Balance
RemainingPutPremiumBalance
12654 usd
mlfb Payment Amount Description
PaymentAmountDescription
125% of principal amount plus accrued interest
CY2022Q2 mlfb Notes Issued To Lender Description
NotesIssuedToLenderDescription
the Company issued the lender two warrants, (1) non-cancellable three (3) year term to acquire 13,350,000 shares of common stock of the Company at an exercise price of $0.025 per share
CY2022Q3 mlfb Discreption Of Monthly Payment
DiscreptionOfMonthlyPayment
least 10:1 (10 outstanding shares of Common Stock being converted into 1 share of Common Stock in the reverse stock split), if the Trading Price (as defined below) for the Common Stock is below $0.001/share for more than 10 trading days
CY2022Q3 mlfb Debt Issuance Costs
DebtIssuanceCosts
3000 usd
CY2023Q1 mlfb Principal Amount
PrincipalAmount
3251 usd
mlfb Interest Expenses
InterestExpenses
7067 usd
CY2023Q1 mlfb Convertibles Secured Promissory Notes
ConvertiblesSecuredPromissoryNotes
16802 usd
CY2022Q2 mlfb Convertibles Secured Promissory Notes
ConvertiblesSecuredPromissoryNotes
16802 usd
CY2023Q1 mlfb Convertible Secured Promissory Notes One
ConvertibleSecuredPromissoryNotesOne
0 usd
CY2022Q2 mlfb Convertible Secured Promissory Notes One
ConvertibleSecuredPromissoryNotesOne
315000 usd
CY2023Q1 mlfb Convertible Secured Promissory Notes Two
ConvertibleSecuredPromissoryNotesTwo
549363 usd
CY2022Q2 mlfb Convertible Secured Promissory Notes Two
ConvertibleSecuredPromissoryNotesTwo
560000 usd
CY2023Q1 mlfb Convertible Secured Promissory Notes Three
ConvertibleSecuredPromissoryNotesThree
516663 usd
CY2022Q2 mlfb Convertible Secured Promissory Notes Three
ConvertibleSecuredPromissoryNotesThree
0 usd
CY2023Q1 mlfb Sep12022 Principal And Interest At12 Due Sep12023
Sep12022PrincipalAndInterestAt12DueSep12023
55000 usd
CY2022Q2 mlfb Sep12022 Principal And Interest At12 Due Sep12023
Sep12022PrincipalAndInterestAt12DueSep12023
0 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
11201 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
11201 usd
CY2023Q1 mlfb Less Debt Discount
LessDebtDiscount
-271688 usd
CY2022Q2 mlfb Less Debt Discount
LessDebtDiscount
-473618 usd
CY2023Q1 mlfb Convertible Secured Promissory Note
ConvertibleSecuredPromissoryNote
877341 usd
CY2022Q2 mlfb Convertible Secured Promissory Note
ConvertibleSecuredPromissoryNote
429385 usd
CY2022Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
30000 usd
CY2022Q1 mlfb Convert Of The Principal Amount
ConvertOfThePrincipalAmount
7200 usd
CY2023Q1 mlfb Interest Expenses
InterestExpenses
762 usd
mlfb Allocated Warrants Value
AllocatedWarrantsValue
144515 usd
CY2023Q1 mlfb Warrant Share Price Per Share
WarrantSharePricePerShare
0.042
mlfb Share Based Compensation Arrangement Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementPaymentAwardFairValueAssumptionsExpectedVolatilityRate
3.16 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.0006 pure
CY2022Q2 mlfb Amended Price Of Per Share
AmendedPriceOfPerShare
0.021
CY2022Q2 mlfb Warrant Share Price Per Share
WarrantSharePricePerShare
0.0058
CY2022Q2 mlfb Amortization Of Debt Discounts
AmortizationOfDebtDiscounts
88495 usd
CY2022Q2 mlfb Debt Discount Balance Amount
DebtDiscountBalanceAmount
115200 usd
CY2022Q3 mlfb Debt Discount Balance Amount
DebtDiscountBalanceAmount
315000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21804 usd
CY2022Q3 mlfb Administrative Fee
AdministrativeFee
7000 usd
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
73010363 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 mlfb Payment Of Oid
PaymentOfOid
56000 usd
CY2022Q2 mlfb Debt Issuance Costs
DebtIssuanceCosts
35240 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 mlfb Interest Rate Of The Lower Per Annum
InterestRateOfTheLowerPerAnnum
0.12 pure
CY2022Q2 mlfb Warrant Share Price Per Share
WarrantSharePricePerShare
0.0058
CY2022Q2 mlfb Payment Amount Description
PaymentAmountDescription
amount then outstanding plus accrued interest (including any default interest) multiplied by 125
CY2022Q2 mlfb Aggregate Principal Amount
AggregatePrincipalAmount
560000 usd
mlfb Debt Issuance Costs
DebtIssuanceCosts
35240 usd
CY2022Q2 mlfb Warrants Issued Debt Discount
WarrantsIssuedDebtDiscount
279362 usd
CY2022Q2 mlfb Description Of Warrants Calculations
DescriptionOfWarrantsCalculations
warrant calculations used the following assumptions: (1) 3- year term warrants - stock price $0.0227, warrant exercise price $0.025, expected term of 3 years, expected volatility of 314% and discount rate of 0.82% and (2) 5- year term warrants - stock price $0.0227, warrant exercise price $0.035, expected term of 5 years, expected volatility of 317% and discount rate of 0.82%. The debt discount for the warrants will be amortized over the one-year term of the Note
CY2022Q3 us-gaap Share Price
SharePrice
0.0007
CY2022Q3 mlfb Offset To Additional Paid In Capital
OffsetToAdditionalPaidInCapital
1873583 usd
CY2022Q4 mlfb Convert Of The Principal Amount
ConvertOfThePrincipalAmount
10637 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37375 usd
CY2022Q4 mlfb Conversion Fee Note Promissory Note
ConversionFeeNotePromissoryNote
3500 usd
CY2022Q4 mlfb Convertible Into Shares Of Comman Stock
ConvertibleIntoSharesOfCommanStock
73588085 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 mlfb Oid Debt Discount Cost And Warrants
OidDebtDiscountCostAndWarrants
370602 usd
CY2022Q3 mlfb Amended Price Of Per Share
AmendedPriceOfPerShare
0.021
CY2022Q2 mlfb Aggregate Principal Amount
AggregatePrincipalAmount
560000 usd
CY2022Q2 mlfb Net Proceeds From Issuance Of Note
NetProceedsFromIssuanceOfNote
468760 usd
CY2022Q2 mlfb Payment Of Oid
PaymentOfOid
56000 usd
CY2022Q2 mlfb Debt Issuance Costs
DebtIssuanceCosts
35240 usd
CY2022Q2 mlfb Interest Rate Of The Lower Per Annum
InterestRateOfTheLowerPerAnnum
0.12 pure
CY2022Q2 mlfb Payment Amount Description
PaymentAmountDescription
amount then outstanding plus accrued interest (including any default interest) multiplied by 125%
CY2022Q2 mlfb Notes Issued To Lender Description
NotesIssuedToLenderDescription
the Company issued the lender two warrants, (1) non-cancellable three (3) year term to acquire 13,350,000 shares of common stock of the Company at an exercise price of $0.025 per share
mlfb Payment Of Oid
PaymentOfOid
56000 usd
CY2022Q2 mlfb Warrants Issued Debt Discount
WarrantsIssuedDebtDiscount
274962 usd
CY2022Q2 mlfb Offset To Additional Paid In Capital
OffsetToAdditionalPaidInCapital
274962 usd
CY2022Q2 mlfb Description Of Warrants Calculations
DescriptionOfWarrantsCalculations
The warrant calculations used the following assumptions: (1) 3- year term warrants - stock price $0.022, warrant exercise price $0.025, expected term of 3 years, expected volatility of 283% and discount rate of 1.07%
CY2021Q4 mlfb Offset To Additional Paid In Capital
OffsetToAdditionalPaidInCapital
501951 usd
CY2023Q1 mlfb Convert Of The Principal Amount
ConvertOfThePrincipalAmount
43337 usd
CY2023Q1 mlfb Convertible Into Shares Of Comman Stock
ConvertibleIntoSharesOfCommanStock
132533607 shares
mlfb Oid Debt Discount Cost And Warrants
OidDebtDiscountCostAndWarrants
366202 usd
CY2022Q3 us-gaap Share Price
SharePrice
0.0007
CY2023Q1 us-gaap Share Price
SharePrice
0.001
CY2022Q3 mlfb Administrative Fee
AdministrativeFee
1750 usd
CY2023Q1 us-gaap Share Price
SharePrice
0.00045
CY2023Q1 mlfb Accrued Interest Notes Payable
AccruedInterestNotesPayable
1663 usd
mlfb Accrued Interest Notes Payable
AccruedInterestNotesPayable
2748 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2022Q3 mlfb Common Stock Share Increase During Period
CommonStockShareIncreaseDuringPeriod
950,000,000 to 2,000,000,000
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1214831545 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1213331545 shares
CY2016Q2 mlfb Original Convertible Unsecured Promissory Note
OriginalConvertibleUnsecuredPromissoryNote
50000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.003
us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
3.23 pure
CY2023Q1 mlfb Annual Rate Of Quarterly Dividends Stock Estimated Fair Value
AnnualRateOfQuarterlyDividendsStockEstimatedFairValue
0.0000 pure
CY2023Q1 mlfb Accrued Compensation
AccruedCompensation
777111 usd
CY2023Q1 mlfb Officer Compensation
OfficerCompensation
740000 usd
CY2023Q1 mlfb Accrued Payroll Taxes Current2
AccruedPayrollTaxesCurrent2
37111 usd
CY2023Q1 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
178847 usd
CY2022Q2 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
210868 usd
mlfb Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2023Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
1386 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
4158 usd
CY2022Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
1386 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
4158 usd
CY2023Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
14687 usd
CY2022Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
10529 usd
CY2023Q1 mlfb Convertible Unsecured Promissory Note
ConvertibleUnsecuredPromissoryNote
100000 usd
CY2023Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.22 pure

Files In Submission

Name View Source Status
mlfb-20230131_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001640334-23-000354-index-headers.html Edgar Link pending
0001640334-23-000354-index.html Edgar Link pending
0001640334-23-000354.txt Edgar Link pending
0001640334-23-000354-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mlfb-20230131.xsd Edgar Link pending
mlfb_10q.htm Edgar Link pending
mlfb_ex311.htm Edgar Link pending
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