Max Sound Corp

2022 Q3 Form 10-Q Financial Statement

#000147793222006567 Filed on August 31, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.00 $390.00
YoY Change -94.39% -99.84%
Cash & Equivalents $56.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $60.00 $390.00
YoY Change -98.53% -99.84%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets -$4.00 $0.00
YoY Change -200.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $60.00 $390.00
Total Long-Term Assets -$4.00 $0.00
Total Assets $56.00 $390.00
YoY Change -98.63% -99.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $890.5K $887.5K
YoY Change 8.19% 7.42%
Accrued Expenses $3.148M $6.110M
YoY Change 21.57% 149.44%
Deferred Revenue
YoY Change
Short-Term Debt $6.127M $6.333M
YoY Change -2.62% -0.22%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.28M $14.15M
YoY Change 9.38% 10.71%
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 $14.28M $14.15M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $14.28M $14.15M
YoY Change 9.38% 10.71%
SHAREHOLDERS EQUITY
Retained Earnings -$85.09M
YoY Change 1.72%
Common Stock $75.45K
YoY Change 6.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $534.6K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity -$14.28M -$14.15M
YoY Change
Total Liabilities & Shareholders Equity $56.00 $390.00
YoY Change -98.63% -99.84%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q2 maxd Earnings Per Common Share Basic And Diluted
EarningsPerCommonShareBasicAndDiluted
-0.00
maxd Earnings Per Common Share Basic And Diluted
EarningsPerCommonShareBasicAndDiluted
-0.00
maxd Earnings Per Common Share Basic And Diluted
EarningsPerCommonShareBasicAndDiluted
-0.00
CY2022Q2 maxd Weighted Average Number Of Common Share Outstanding Basic And Diluted
WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
7315775900 shares
CY2021Q2 maxd Weighted Average Number Of Common Share Outstanding Basic And Diluted
WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
66866808624 shares
maxd Weighted Average Number Of Common Share Outstanding Basic And Diluted
WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
7098521331 shares
maxd Weighted Average Number Of Common Share Outstanding Basic And Diluted
WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
6766532381 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-13767821 usd
maxd Common Stock Issued In Exchange For Note Payable000045 Sh Amount
CommonStockIssuedInExchangeForNotePayable000045ShAmount
213000 usd
us-gaap Net Income Loss
NetIncomeLoss
-720558 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-14275379 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-14148825 usd
CY2022Q2 maxd Common Stock Issued In Exchange For Note Payable000045 Sh Amount
CommonStockIssuedInExchangeForNotePayable000045ShAmount
213000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-339554 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-14275379 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-12652995 usd
maxd Common Stock Issued In Exchange For Note Payable00008 Sh Amount
CommonStockIssuedInExchangeForNotePayable00008ShAmount
220000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
60000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-13047309 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
0 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
60000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
27427 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8847 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
277307 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
281499 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
379447 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
378700 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-36377 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51732 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
11520 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
61485 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40040 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
112143 usd
maxd Cash Overdraft
CashOverdraft
47 usd
maxd Cash Overdraft
CashOverdraft
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
65000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36433 usd
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7828769489 shares
CY2022Q2 us-gaap Assets
Assets
56 usd
CY2022Q2 us-gaap Bank Overdrafts
BankOverdrafts
0 usd
CY2021Q4 us-gaap Bank Overdrafts
BankOverdrafts
47 usd
CY2022Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
3290311 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
2910864 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7352186157 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6878852823 shares
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
534575 usd
CY2022Q2 us-gaap Revenues
Revenues
0 usd
CY2021Q2 us-gaap Revenues
Revenues
0 usd
us-gaap Revenues
Revenues
0 usd
us-gaap Revenues
Revenues
251000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8077 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
213649 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47620 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
231810 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
8500 usd
CY2021Q2 us-gaap Professional Fees
ProfessionalFees
38334 usd
us-gaap Professional Fees
ProfessionalFees
27200 usd
us-gaap Professional Fees
ProfessionalFees
42334 usd
CY2022Q2 us-gaap Salaries And Wages
SalariesAndWages
72000 usd
CY2021Q2 us-gaap Salaries And Wages
SalariesAndWages
72000 usd
us-gaap Salaries And Wages
SalariesAndWages
144000 usd
us-gaap Salaries And Wages
SalariesAndWages
144000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
88577 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
323983 usd
us-gaap Operating Expenses
OperatingExpenses
218820 usd
us-gaap Operating Expenses
OperatingExpenses
418144 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-88577 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-323983 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-218820 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-167144 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
132738 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
134440 usd
us-gaap Interest Expense
InterestExpense
266291 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001353499
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7352186157 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6878852823 shares
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
0 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-51886
dei Entity Registrant Name
EntityRegistrantName
MAX SOUND CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-3534190
dei Entity Address Address Line1
EntityAddressAddressLine1
3525 Del Mar Heights Road #802
us-gaap Interest Expense
InterestExpense
270471 usd
CY2022Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
118239 usd
CY2021Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
119010 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
235447 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
236699 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-250977 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-253450 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-501738 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-507170 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-339554 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-577433 usd
us-gaap Net Income Loss
NetIncomeLoss
-720558 usd
us-gaap Net Income Loss
NetIncomeLoss
-674314 usd
CY2022Q2 maxd Earnings Per Common Share Basic And Diluted
EarningsPerCommonShareBasicAndDiluted
-0.00
dei Entity Address City Or Town
EntityAddressCityOrTown
San Diego
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92130
dei City Area Code
CityAreaCode
800
dei Local Phone Number
LocalPhoneNumber
327-6293
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-50658 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
56 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1074 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1074 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
213000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company at times has had cash in banks in excess of FDIC insurance limits. The Company had $0 in excess of FDIC insurance limits as of June 30, 2022 and December 31, 2021.</p>
CY2022Q2 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
0 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10913523277 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
118230324264 shares
maxd Common Stock Authorized But Unissued
CommonStockAuthorizedButUnissued
7792376100 shares
CY2022Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
0 usd
CY2021Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
0 usd
CY2022Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
890488 usd
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
863061 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
15000 usd
us-gaap Reclassifications
Reclassifications
<p style="font-size:10pt;font-family:times new roman;margin:0px">Certain amounts from prior periods have been reclassified to conform to the current period presentation. These reclassifications had no impact on the Company’s net loss or cash flows.</p>
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85087855 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-14275379 usd
CY2022Q2 maxd Working Capital Deficit
WorkingCapitalDeficit
14275379 usd
CY2022Q2 maxd Line Of Credit Related Party
LineOfCreditRelatedParty
334816 usd
CY2021Q4 maxd Line Of Credit Related Party
LineOfCreditRelatedParty
363336 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1897366 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1661919 usd
CY2022Q2 maxd Accrued Expenses Related Party Convertible Debt
AccruedExpensesRelatedPartyConvertibleDebt
1392945 usd
CY2021Q4 maxd Accrued Expenses Related Party Convertible Debt
AccruedExpensesRelatedPartyConvertibleDebt
1248945 usd
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
5792429 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
5940429 usd
CY2022Q2 us-gaap Debt Current
DebtCurrent
9417556 usd
CY2021Q4 us-gaap Debt Current
DebtCurrent
9214629 usd
CY2022Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
890488 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
863061 usd
maxd Summary Of Convertible Debt
SummaryOfConvertibleDebt
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible debt consisted of the following activity and terms:</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><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">Convertible Debt Balance as of December 31, 2021</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,940,429</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><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;">4%-12%</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">Repayments</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(213,000</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><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">Borrowing</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: black 1px solid;width:9%;vertical-align:bottom;text-align:right;">65,000</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">6%-8%</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">Convertible Debt Balance as of June 30, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,792,429</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><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;">4%-12%</p></td></tr></tbody></table>
CY2021Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
5940429 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
213000 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
65000 usd
CY2022Q2 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
5792429 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2022Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-10-11
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5000 usd
CY2022Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2022Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-09-28
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
15000 usd
CY2022Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2022Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-09-01
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
15000 usd
CY2022Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.06 pure
CY2022Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-08-11
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
11520 usd
us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
6941 usd
maxd Repayments Of Debt Line Of Credit
RepaymentsOfDebtLineOfCredit
40040 usd
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
391682 usd
CY2021 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
363336 usd
CY2022Q2 maxd Description Of Conversion Agreement
DescriptionOfConversionAgreement
On April 8, 2022, the Company entered into a conversion agreement executed by a note holder for 473,333,333 shares based on a conversion price of $0.00045 per share in exchange for $213,000 convertible loan balance
CY2021Q2 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
20000000 shares
CY2021Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
60000 usd
CY2021Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.003
CY2021Q1 maxd Description Of License Fee
DescriptionOfLicenseFee
If the Licensor is Max Sound and combined with TIP Solutions Smart Call Assistant, 20% of total license revenue received by Max Sound will be paid to TIP within 30 days
CY2021Q4 us-gaap Assets
Assets
0 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
890488 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
863061 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3147765 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2870458 usd
CY2022Q2 maxd Judgement Payable Instant
JudgementPayableInstant
819626 usd
CY2021Q4 maxd Judgement Payable Instant
JudgementPayableInstant
819626 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
334816 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
363336 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
5792429 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
5940429 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
14275435 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
13767821 usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
75450 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
70717 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71271501 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71063234 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
534575 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85087855 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-84367297 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-14275379 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-13767821 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
56 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
0 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-13047309 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-12529876 usd

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