2022 Q3 Form 10-Q Financial Statement

#000121390022055934 Filed on September 14, 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 $71.61K $361.6K $1.254M
YoY Change -94.92% 41.13% 139.47%
Cash & Equivalents $71.61K
Short-Term Investments
Other Short-Term Assets $97.14K $360.1K $381.7K
YoY Change -19.44% 301.74% 385.23%
Inventory $47.13K $30.27K $23.82K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $227.7K $752.0K $1.659M
YoY Change -85.26% 117.42% 173.26%
LONG-TERM ASSETS
Property, Plant & Equipment $101.5K $466.5K $505.4K
YoY Change -82.63% 338.6% 334.84%
Goodwill $1.809M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $10.00K $10.00K
YoY Change 0.0%
Total Long-Term Assets $4.785M $5.061M $5.325M
YoY Change 60.42% 4658.64% 4481.94%
TOTAL ASSETS
Total Short-Term Assets $227.7K $752.0K $1.659M
Total Long-Term Assets $4.785M $5.061M $5.325M
Total Assets $5.013M $5.813M $6.985M
YoY Change 10.71% 1185.42% 865.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $873.1K $680.2K $632.7K
YoY Change 79.62% 91.54% 32.0%
Accrued Expenses $256.7K $247.3K $223.3K
YoY Change -8.19% 162.98% 128.56%
Deferred Revenue
YoY Change
Short-Term Debt $66.93K $428.4K $371.2K
YoY Change -91.75% -49.13% -15.6%
Long-Term Debt Due $84.12K $82.48K $80.08K
YoY Change 15.84% 194.41%
Total Short-Term Liabilities $3.164M $2.199M $2.193M
YoY Change 43.98% 29.28% 53.11%
LONG-TERM LIABILITIES
Long-Term Debt $363.6K $381.0K $398.7K
YoY Change -14.65% 165.28% 176.1%
Other Long-Term Liabilities $101.1K $123.6K $145.5K
YoY Change -88.58% -88.29% -87.39%
Total Long-Term Liabilities $464.7K $504.6K $544.2K
YoY Change -64.56% -57.91% -58.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.164M $2.199M $2.193M
Total Long-Term Liabilities $464.7K $504.6K $544.2K
Total Liabilities $3.629M $2.703M $2.737M
YoY Change 3.42% -6.76% 0.22%
SHAREHOLDERS EQUITY
Retained Earnings -$29.95M
YoY Change
Common Stock $42.74K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.384M $3.110M $4.248M
YoY Change
Total Liabilities & Shareholders Equity $5.013M $5.813M $6.985M
YoY Change 10.71% 1185.42% 865.41%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Facts In Submission

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HOME BISTRO, INC.
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2021Q3 hbis Stock Issued During Period Value Issued For Repurchase Obligation Pursuant To Put Option
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CY2021Q3 us-gaap Stockholders Equity
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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hbis Common Stock For Services
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hbis Common Stock And Warrant Issued For Product Development
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hbis Common Stock Issued Pursuant To Lockup Agreements
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hbis Gain On Extinguishment Of Accounts Payable
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hbis Gain On Extinguishment Of Debt
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us-gaap Amortization Of Debt Discount Premium
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hbis Average Share Price
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hbis Change In Fair Value Of Derivative Liabilities1
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hbis Change In Fair Value Of Derivative Liabilities1
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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hbis Increase Decrease In Unredeemed Gift Cards
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Subordinated Short Term Debt
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us-gaap Proceeds From Subordinated Short Term Debt
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Related Party Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Other Short Term Debt
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us-gaap Repayments Of Other Short Term Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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hbis Initial Amount Of Rou Asset And Related Liability
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hbis Repurchase Obligation Pursuant To Put Option Agreement
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hbis Repurchase Obligation Pursuant To Put Option Agreement
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us-gaap Stock Issued1
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hbis Fair Value Of Trueup Shares In Connection With The Commitment Fee
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us-gaap Liabilities Assumed1
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122177 usd
us-gaap Liabilities Assumed1
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hbis Increase In Debt Discount For Relative Fair Value Of Warrants
IncreaseInDebtDiscountForRelativeFairValueOfWarrants
154985 usd
hbis Increase In Stock Repurchase Obligation And Reduxtion Of Additional Paidin Capital
IncreaseInStockRepurchaseObligationAndReduxtionOfAdditionalPaidinCapital
150000 usd
hbis Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
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hbis Inventory
Inventory
20763 usd
hbis Operating Rightofuse Asset
OperatingRightofuseAsset
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hbis Computers Software
ComputersSoftware
66198 usd
hbis Customer Relationships
CustomerRelationships
43000 usd
hbis Trademark
Trademark
505000 usd
hbis Net Assets And Liabilities Assumed Goodwill
NetAssetsAndLiabilitiesAssumedGoodwill
1749357 usd
hbis Accounts Payable And Accrued Liabilities
AccountsPayableAndAccruedLiabilities
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hbis Operating Rightofuse Liability
OperatingRightofuseLiability
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hbis Note Payable
NotePayable
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hbis Net Assets Acquiredliabilities Assumed
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us-gaap Nature Of Operations
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – <span style="text-decoration:underline">ORGANIZATION AND NATURE OF OPERATIONS</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Home Bistro, Inc. (formerly known as Gratitude Health, Inc.) (the “Company”) was incorporated in the State of Nevada on December 17, 2009. Effective March 23, 2018, the Company changed its name from Vapir Enterprises Inc. to Gratitude Health, Inc. On September 14, 2020, the Company changed its name from Gratitude Health, Inc. to Home Bistro, Inc. The Company is in the business of providing prepackaged and prepared meals to consumers focused on offering a broad array of the highest quality meal delivery, and preparation services.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The ongoing COVID-19 global and national health emergency has caused significant disruption in the international and United States economies and financial markets. In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. The spread of COVID-19 has caused illness, quarantines, cancellation of events and travel, business and school shutdowns, reduction in business activity and financial transactions, labor shortages, supply chain interruptions and overall economic and financial market instability. The COVID-19 pandemic has the potential to significantly impact the Company’s supply chain, food manufacturers, distribution centers, or logistics and other service providers. Additionally, the Company’s service providers and their operations may be disrupted, temporarily closed or experience worker or meat or other food shortages, which could result in additional disruptions or delays in shipments of Home Bistro’s products. To date, the Company has been able to avoid layoffs and furloughs of employees. The Company is not able to estimate the duration of the pandemic and potential impact on the business if disruptions or delays in shipments of product occur. To date, the Company is not aware of any such disruptions. In addition, a severe prolonged economic downturn could result in a variety of risks to the business, including weakened demand for product and a decreased ability to raise additional capital when needed on acceptable terms, if at all. As the situation continues to evolve, the Company will continue to closely monitor market conditions and respond accordingly. The Company has applied for and received certain financial assistance under the Coronavirus, Aid, Relief, and Economic Security Act (“CARES Act”) enacted in March 2020 by the U.S. Government in response to COVID-19 (see Note 6).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 6, 2021, the Company entered and closed on an Agreement and Plan of Merger with the members of Model Meals, LLC (“Model Meals”), acquiring Model Meals through a reverse triangular merger, whereby Model Meals merged with Model Meals Acquisition Corp., a wholly owned subsidiary of the Company, with Model Meals being the surviving entity (the “Acquisition”). As a result, Model Meals became a wholly owned subsidiary of the Company, and the members of Model Meals received and aggregate of 2,008,310 shares of common stock with grant date fair value of $ 2,028,393 (see Note 3) and were paid $60,000 in cash.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">In January 2022, the Company’s board of directors and management changed the Company’s fiscal year end from December 31<sup>st</sup> to October 31<sup>st</sup>, effective immediately (see Note 2).</p>
CY2021Q3 hbis Shares Aggregate
SharesAggregate
2008310 shares
CY2021Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2028393 usd
CY2021Q3 us-gaap Dividends Common Stock Cash
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60000 usd
hbis Net Loss For Operation
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hbis Cash Used In Operations
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hbis Accumulated Deficit
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 hbis Working Capital Deficit
WorkingCapitalDeficit
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us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
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us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
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CY2022Q3 us-gaap Convertible Notes Payable
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CY2021Q3 us-gaap Convertible Notes Payable
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hbis Common Stock Equivalents
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hbis Common Stock Equivalents
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates as of July 31, 2022 and October 31, 2021 include the assumptions used in the redemption recognition method for unredeemed gift cards, useful life of property and equipment and intangible assets, valuation of right-of-use (“ROU”) assets and lease liabilities, estimates of current and deferred income taxes and deferred tax valuation allowances, fair value of assets acquired and liabilities assumed in a business combination, and the fair value of non-cash equity transactions and derivative liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p>
CY2022Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
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CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
2025000 usd
CY2021Q4 hbis Derivative Liabilities Balance
DerivativeLiabilitiesBalance
86884 usd
hbis Increase In Derivative Liabilities Included In Debt Discount
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hbis Change In Fair Value Of Derivative Liabilitie
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CY2022Q3 hbis Derivative Liabilities Balance
DerivativeLiabilitiesBalance
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us-gaap Derivatives Reporting Of Derivative Activity
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Derivative Liabilities</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.45in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has certain financial instruments that are embedded derivatives associated with capital raises. The Company evaluates all its financial instruments to determine if those contracts or any potential embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with ASC 815-10 <i>– Derivative and Hedging – Contract in Entity’s Own Equity</i>. This accounting treatment requires that the carrying amount of any derivatives be recorded at fair value at issuance and marked-to-market at each balance sheet date. In the event that the fair value is recorded as a liability, as is the case with the Company, the change in the fair value during the period is recorded as either other income or expense. Upon conversion, exercise or repayment, the respective derivative liability is marked to fair value at the conversion, repayment, or exercise date and then the related fair value amount is reclassified to other income or expense as part of gain or loss on debt extinguishment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
hbis Percentage Of Fair Value
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0.50 pure
hbis Shipping And Handling Costs
ShippingAndHandlingCosts
411380 usd
hbis Shipping And Handling Costs
ShippingAndHandlingCosts
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CY2022Q3 hbis Aggregate Fair Value
AggregateFairValue
2969334 usd
CY2022Q3 us-gaap Investment Owned Balance Principal Amount
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154250 usd
us-gaap Advertising Expense
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us-gaap Advertising Expense
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307980 usd
CY2022Q3 hbis Goodwill1
Goodwill1
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CY2022Q3 hbis Total Assets Acquired At Fair Value
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us-gaap Stock Issued1
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CY2022Q3 hbis Trademarks
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us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentration Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company purchased approximately 100% of its food products from one vendor during the nine months ended July 31, 2021. The Company is not obligated to purchase from these vendors and, if necessary, there are other vendors from which the Company can purchase food products. As of July 31, 2021, the Company had no accounts payable balance to this vendor.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the nine months ended July 31, 2022, the Company had two kitchen facilities located at Pembroke Pines, FL 33009 and Santa Ana, CA. The Company started producing and packaging its food products at these locations in addition to purchasing food products from other vendors which mitigated this concentration risk.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
hbis Purchsed On Food Products
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1 pure
CY2021Q3 hbis After Exchange Description
AfterExchangeDescription
As a result, Model Meals became a wholly owned subsidiary of the Company, and the members of Model Meals received an aggregate of 2,008,310 shares of common stock with grant date fair value of $ 2,028,393 (see Note 1) and were paid $60,000 in cash.
CY2021Q3 hbis Shares Aggregate
SharesAggregate
2008310 shares
CY2021Q3 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
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2028393 usd
CY2021Q3 us-gaap Dividends Cash
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CY2022Q3 us-gaap Other Assets Current
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97140 usd
CY2022Q3 hbis Computer Softwares
ComputerSoftwares
66198 usd
CY2022Q3 hbis Customer Relationshipss
CustomerRelationshipss
43000 usd
CY2022Q3 hbis Less Total Liability Assumed
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432302 usd
CY2022Q3 hbis Net Assets Acquired
NetAssetsAcquired
2088393 usd
hbis Fair Value Of Common Share Issued
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2028393 usd
hbis Cash Considerations
CashConsiderations
60000 usd
hbis Total Purchase Considerations Paid
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2088393 usd
hbis Net Revenues
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2485615 usd
hbis Net Loss Amount
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2539633 usd
hbis Net Loss Per Sharein Dollars Per Share
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-0.12
CY2021Q3 us-gaap Assets Net
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279036 usd
CY2021Q3 us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
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2088393 usd
CY2021Q3 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1809357 usd
CY2021Q2 us-gaap Temporary Equity Shares Issued
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2266667 shares
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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2720361 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
224961 usd
us-gaap Amortization Of Intangible Assets
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674882 usd
CY2021Q2 hbis Aggregate Fair Value
AggregateFairValue
2969334 usd
CY2022Q3 hbis Excess Stock Share Issued
ExcessStockShareIssued
2000000 shares
us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
2620000 usd
CY2022Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2266667 shares
hbis Estimated Life Description
EstimatedLifeDescription
Indefinite
CY2022Q3 us-gaap Goodwill
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1809357 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1809357 usd
CY2022Q3 us-gaap Intangible Assets Net Including Goodwill
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1809357 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
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1809357 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
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3234198 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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3234198 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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-683719 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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-8837 usd
CY2022Q3 us-gaap Intangible Assets Current
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2550479 usd
CY2021Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
3225361 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
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2045479 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
224962 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
899845 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
898147 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6143 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6143 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
6143 usd
CY2022Q4 hbis Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
4096 usd
CY2022Q4 hbis Finite Lived Intangible Assets
FiniteLivedIntangibleAssets
2045479 usd
CY2022Q3 hbis Debt Instrument Principal Amount
DebtInstrumentPrincipalAmount
992302 usd
CY2021Q4 hbis Debt Instrument Principal Amount
DebtInstrumentPrincipalAmount
1028179 usd
CY2022Q3 hbis Premium On Stocksettled Debt
PremiumOnStocksettledDebt
83058 usd
CY2022Q3 hbis Less Debt Discount
LessDebtDiscount
361444 usd
CY2021Q4 hbis Less Debt Discount
LessDebtDiscount
477541 usd
CY2022Q3 hbis Convertible Notes Payable Net
ConvertibleNotesPayableNet
713916 usd
CY2021Q4 hbis Convertible Notes Payable Net
ConvertibleNotesPayableNet
550638 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
63069 usd
CY2021Q4 hbis Less Debt Discount Related Party
LessDebtDiscountRelatedParty
-32897 usd
CY2021Q4 hbis Convertible Notes Payable Related Party Net
ConvertibleNotesPayableRelatedPartyNet
30172 usd
CY2022Q3 hbis Total Convertible Notes Payable Balance Net
TotalConvertibleNotesPayableBalanceNet
713916 usd
CY2021Q4 hbis Total Convertible Notes Payable Balance Net
TotalConvertibleNotesPayableBalanceNet
580810 usd
CY2021Q1 us-gaap Debt Default Shortterm Debt Amount
DebtDefaultShorttermDebtAmount
165000 usd
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
150000 usd
CY2021Q1 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
15000 usd
CY2021Q1 hbis Commitment Shares Issued
CommitmentSharesIssued
75000 shares
CY2021Q1 hbis Warrants To Purchase Shares Of Common Stock
WarrantsToPurchaseSharesOfCommonStock
75000 shares
CY2021Q1 us-gaap Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
The 75,000 shares of common stock and 75,000 warrant issued were valued at $36,499 and $12,352, respectively, using the relative fair value method and the Commitment Share True-up had a fixed monetary value of $34,500, all recorded as a debt discount to be amortized over the twelve-month term of the note. The March 2021 Note V mature on March 1, 2022 and a one-time interest charge of 10% was applied on the issue date and will be payable on the maturity date. Upon an event of default, the outstanding balance will immediately and automatically increase to 140% of the outstanding balance under the March 2021 Note V immediately prior to the occurrence of the Event of Default and becomes immediately due and payable. The Company shall make nine monthly cash payments (“Amortization Payments”), in the amount of $20,167 due on the first day of each month, beginning July 1, 2021. The investor may only convert the March 2021 Note V at any time or times on or after the occurrence of an Event of Default. The March 2021 Note V was convertible at the rate equal to 105% of the lowest trading price occurring during the twenty-five consecutive trading days immediately preceding the applicable conversion date (“Conversion Price”).
CY2021Q2 hbis Ownership Limitation Percentage
OwnershipLimitationPercentage
0.0499 pure
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.575
CY2022Q3 us-gaap Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
The July 2022 Note accrues interest at an annual interest rate of 8%, has a default interest rate of 22%, and matures on January 19, 2024 (the “Maturity Date”). The Investor may convert the July 2022 Note into shares of the Company’s common stock 180 days after the Issue Date until the later of (i) the Maturity Date and (ii) the date the Company pays any amounts owed in connection with an event of default. The per share conversion price into which the July 2022 Note is convertible into shares of common stock (the “Conversion Price”) is 65% multiplied by the average of the lowest two closing bid prices for the common stock during the ten trading days ending on the last trading day prior to the conversion date.The Company has the right to prepay the outstanding principal amount of the Note, plus any accrued interest on the outstanding principal (including any default interest) at a rate of (x) 120% during the period ending 120 days after the Issue Date and (y) 125% during the period between 121 days and 180 days after the Issue Date. The Company does not have a prepayment right following the expiration of the 180-day period. Upon the occurrence and during the continuation of any event of default under the Note, the Note becomes immediately due and payable and the Company is obligated to pay the Investor in full satisfaction of its obligations thereunder an amount equal to the greater of (i) the principal amount then outstanding plus accrued interest (including any default interest) through the date of full repayment multiplied by 150% and (ii)(a) the highest number of shares of Common Stock issuable upon conversion of the default sum at the Conversion Price, multiplied by (b) the highest closing price for the Common Stock during the period beginning on the date of first occurrence of the event of default and ending one day prior to the mandatory prepayment date. 
us-gaap Interest Expense Other
InterestExpenseOther
83058 usd
us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
237308 usd
us-gaap Investments In And Advances To Affiliates At Fair Value Period Increase Decrease
InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease
67945 usd
us-gaap Investments In And Advances To Affiliates At Fair Value Gross Additions
InvestmentsInAndAdvancesToAffiliatesAtFairValueGrossAdditions
135017 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
83058 usd
hbis Aggregate Fixed Monetary Value
AggregateFixedMonetaryValue
0 usd
CY2021Q4 hbis Aggregate Fixed Monetary Value
AggregateFixedMonetaryValue
209688 usd
CY2022Q2 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
122177 usd
hbis Increase Decrease In Fair Value Of Derivative Liability
IncreaseDecreaseInFairValueOfDerivativeLiability
55855 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.50 pure
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
388145 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
817922 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
361444 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
510438 usd
CY2022Q3 hbis Debt Instruments Periodic Payment Interest
DebtInstrumentsPeriodicPaymentInterest
306900 usd
CY2021Q4 hbis Debt Instruments Periodic Payment Interest
DebtInstrumentsPeriodicPaymentInterest
306900 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
17198 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
15361 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
289702 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
291539 usd
CY2022Q3 hbis Note Payable Future Minimum Payments Due In Three Years
NotePayableFutureMinimumPaymentsDueInThreeYears
15620 usd
CY2022Q3 hbis Note Payable Future Minimum Payments Due In Four Years
NotePayableFutureMinimumPaymentsDueInFourYears
6369 usd
CY2022Q3 hbis Note Payable Future Minimum Payments Due In Five Years
NotePayableFutureMinimumPaymentsDueInFiveYears
6608 usd
CY2022Q3 hbis Note Payable Future Minimum Payments Due In Sis Years
NotePayableFutureMinimumPaymentsDueInSisYears
6859 usd
CY2022Q3 hbis Note Payable Future Minimum Payments Due Thereafter
NotePayableFutureMinimumPaymentsDueThereafter
271444 usd
CY2022Q3 hbis Note Payable Future Minimum Payments Due
NotePayableFutureMinimumPaymentsDue
306900 usd
CY2021Q4 hbis Accrued Liabilities For Unredeeemed Gift Card
AccruedLiabilitiesForUnredeeemedGiftCard
164912 usd
CY2020Q4 hbis Accrued Liabilities For Unredeeemed Gift Card
AccruedLiabilitiesForUnredeeemedGiftCard
48311 usd
CY2021 hbis Acquired Gift Card Liability
AcquiredGiftCardLiability
87260 usd
hbis Sale Of Gift Cards
SaleOfGiftCards
121603 usd
CY2021 hbis Sale Of Gift Cards
SaleOfGiftCards
186749 usd
hbis Promotional And Other Gift Cards Issuedin Dollars Per Share
PromotionalAndOtherGiftCardsIssuedinDollarsPerShare
84250 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22810 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
60515 usd
hbis Total Gift Card Redemptions
TotalGiftCardRedemptions
-113323 usd
CY2021 hbis Total Gift Card Redemptions
TotalGiftCardRedemptions
-96893 usd
CY2022Q3 hbis Accrued Liabilities For Unredeeemed Gift Card
AccruedLiabilitiesForUnredeeemedGiftCard
234632 usd
CY2021Q4 hbis Accrued Liabilities For Unredeeemed Gift Card
AccruedLiabilitiesForUnredeeemedGiftCard
164912 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76136 usd
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
79054 usd
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
14140 usd
CY2021Q2 us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
On June 1, 2021, the Company entered into a lease agreement, effective July 13, 2021, for its facility in Pembroke Pine, Florida. The lease is for a period of 36 months commencing in July 2021 and expiring in July 2024. Pursuant to the lease agreement, the Company shall pay a monthly base rent of; (i) $8,062 in the first year; (ii) $8,465 in the second year and; (iii) $8,888 in the third year. 
CY2021Q4 us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
On November 11, 2021, the Company renewed its lease agreement (“Renewed Lease Agreement”) for their California kitchen facility, effective on January 1, 2022. The Renewed Lease Agreement provides for (i) a term of six months from the effective date which terminated on June 30, 2022; (ii) a monthly base rent of $9,960 and; (iii) a monthly storage fee of $2,340. The Renewed Lease Agreement can be terminated with two months’ notice. The Company has elected not to recognize right-of-use (“ROU”) assets and lease liabilities for short-term leases that have a term of 12 months or less (see Note 2).
us-gaap Payments For Rent
PaymentsForRent
182043 usd
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.10 pure
CY2021Q3 us-gaap Lessor Direct Financing Lease Description
LessorDirectFinancingLeaseDescription
On July 13, 2021, the Company entered into a financing agreement with a lessor for the purchase of equipment. Pursuant to the financing agreement, the Company shall make a monthly payment of $6,500 for a period of 36 months commencing in August 2021 through August 2024. The monthly payment shall consist of $6,000 cash and $500 in gift card allowance, reflected in the accompanying unaudited consolidated balance sheet under accrued expense and other liabilities. At the effective date of the financing agreement, the Company recorded a financing lease payable of $200,509. 
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2022Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
16709 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
50127 usd
us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.50 pure
CY2022Q3 hbis Financing Lease Payables For Equipment
FinancingLeasePayablesForEquipment
200509 usd
CY2021Q4 hbis Financing Lease Payables For Equipment
FinancingLeasePayablesForEquipment
200509 usd
CY2022Q3 hbis Reduction Of Financing Lease Liabilities
ReductionOfFinancingLeaseLiabilities
-59648 usd
CY2021Q4 hbis Reduction Of Financing Lease Liabilities
ReductionOfFinancingLeaseLiabilities
-13650 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
140861 usd
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
186859 usd
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
66926 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
62210 usd
CY2022Q3 hbis Long Term Portion Financing Lease Liability
LongTermPortionFinancingLeaseLiability
73935 usd
CY2021Q4 hbis Long Term Portion Financing Lease Liability
LongTermPortionFinancingLeaseLiability
124649 usd
CY2022Q3 hbis Financing Lease Liabilities Payment Due Year Two
FinancingLeaseLiabilitiesPaymentDueYearTwo
19500 usd
CY2022Q3 hbis Financing Lease Liabilities Payment Due Year Three
FinancingLeaseLiabilitiesPaymentDueYearThree
78000 usd
CY2022Q3 hbis Financing Lease Liabilities Payment Due Year Four
FinancingLeaseLiabilitiesPaymentDueYearFour
58500 usd
CY2022Q3 hbis Financing Lease Liabilities Payment Due
FinancingLeaseLiabilitiesPaymentDue
156000 usd
CY2022Q3 hbis Debt Instrument Unamortized Discounts
DebtInstrumentUnamortizedDiscounts
-15139 usd
CY2022Q3 hbis Total Financing Lease Liabilities On July312022
TotalFinancingLeaseLiabilitiesOnJuly312022
140861 usd
hbis Shipping Charge Percentage
ShippingChargePercentage
0.10 pure
us-gaap Related Party Costs
RelatedPartyCosts
288731 usd
us-gaap Related Party Costs
RelatedPartyCosts
121008 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 hbis Excess Stock Shares Issued Value
ExcessStockSharesIssuedValue
726000 usd
CY2021Q4 hbis Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
1.21
us-gaap Stock Dividends Shares
StockDividendsShares
60000 shares
CY2022Q3 hbis Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
1.01
hbis Professional And Consulting Fee
ProfessionalAndConsultingFee
60600 usd
CY2021Q1 us-gaap Shares Issued
SharesIssued
150000 shares
CY2021Q1 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
85981 usd
CY2021Q1 us-gaap Shares Issued
SharesIssued
25000 shares
CY2021Q1 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
6949 usd
CY2021Q1 us-gaap Shares Issued
SharesIssued
50000 shares
CY2021Q1 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
24504 usd
CY2021Q1 us-gaap Shares Issued
SharesIssued
25000 shares
CY2021Q1 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
11845 usd
CY2021Q1 us-gaap Shares Issued
SharesIssued
75000 shares
CY2021Q1 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
36499 usd
CY2021Q2 us-gaap Shares Issued
SharesIssued
75000 shares
CY2021Q2 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
30694 usd
CY2021Q2 us-gaap Shares Issued
SharesIssued
60000 shares
CY2021Q2 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
26824 usd
CY2021Q2 us-gaap Shares Issued
SharesIssued
150000 shares
CY2021Q2 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
67645 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
45989 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.65
us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
516748 shares
CY2022Q2 us-gaap Advances Fair Value Disclosure
AdvancesFairValueDisclosure
554273 usd
CY2022Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2027-03-25
CY2021Q1 hbis Warrant Purchase Shares
WarrantPurchaseShares
50000 shares
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
7924 usd
CY2021Q1 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
2.5
CY2021Q1 hbis Warrant Purchase Shares
WarrantPurchaseShares
25000 shares
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3957 usd
CY2021Q1 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
2.5
CY2022Q2 hbis Warrant Purchase Shares
WarrantPurchaseShares
869565 shares
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
93641 usd
CY2022Q2 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
0.575
CY2022Q2 hbis Equity Method Investment Ownership Percentage One
EquityMethodInvestmentOwnershipPercentageOne
0.0499 pure
CY2022Q2 hbis Convertible Notes Payable Description
ConvertibleNotesPayableDescription
the Company issued a warrant to purchase up to 217,391 shares of common stock to a non-affiliate investor as additional commitment fee pursuant to a convertible (see Note 5). The warrant; (i) was valued at $24,902 using the relative fair value method and recorded as a debt discount to be amortized over the life of the note; (ii) has an exercise price of $0.575; (iii) subject to the adjustments and 4.99%, ownership limitation and; (iv) expires on the third-year anniversary from the date of issuance.
CY2022Q2 hbis Warrant Purchase Shares
WarrantPurchaseShares
318134 shares
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
36442 usd
CY2022Q2 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
0.575
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
15745066 shares
CY2021Q4 hbis Weighted Average Exercise Price Beginning Balance
WeightedAverageExercisePriceBeginningBalance
0.17
hbis Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
P7Y4M24D
CY2022Q3 hbis Number Of Stock Warrants Issued Pursuant To Financingsee Note4
NumberOfStockWarrantsIssuedPursuantToFinancingseeNote4
100000 shares
CY2022Q3 hbis Weighted Average Exercise Price Issued Pursuant To Financing
WeightedAverageExercisePriceIssuedPursuantToFinancing
1.5
hbis Weighted Average Remaining Contractual Life Years Issued Pursuant To Financingsee
WeightedAverageRemainingContractualLifeYearsIssuedPursuantToFinancingsee
P4Y1M6D
us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
500000 shares
hbis Weighted Average Exercise Price Issued Pursuant To Employment Agreementsin Dollars
WeightedAverageExercisePriceIssuedPursuantToEmploymentAgreementsinDollars
0.001
hbis Weighted Average Remaining Contractual Life Years Issued Pursuant To Employment Agreements
WeightedAverageRemainingContractualLifeYearsIssuedPursuantToEmploymentAgreements
P4Y10M24D
hbis Number Of Stock Warrants Warrants Issued In Connection With Convertible Debtin Dollars
NumberOfStockWarrantsWarrantsIssuedInConnectionWithConvertibleDebtinDollars
1405090 shares
hbis Weighted Average Exercise Price Warrants Issued In Connection With Convertible Debt
WeightedAverageExercisePriceWarrantsIssuedInConnectionWithConvertibleDebt
0.575
hbis Weighted Average Remaining Contractual Life Years Warrants Issued In Connection With Conver
WeightedAverageRemainingContractualLifeYearsWarrantsIssuedInConnectionWithConver
P3Y
hbis Number Of Stock Warrants Warrants Exercised
NumberOfStockWarrantsWarrantsExercised
-1596595 shares
hbis Weighted Average Exercise Price Warrants Exercised
WeightedAverageExercisePriceWarrantsExercised
1.35
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
16153561 shares
CY2022Q3 hbis Weighted Average Exercise Price Ending
WeightedAverageExercisePriceEnding
0.09
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M24D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
16153561 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.09
hbis Weighted Average Remaining Contractual Life Years Stock Warrants Exercisable
WeightedAverageRemainingContractualLifeYearsStockWarrantsExercisable
P6Y4M24D
hbis Exercisable Stock Warrants
ExercisableStockWarrants
0.22
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2876945 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2027-03-27
CY2022Q2 hbis Aggregate Purchase Price
AggregatePurchasePrice
150000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
150000 usd
CY2022Q2 hbis Stock Repurchase Agreement Description
StockRepurchaseAgreementDescription
The Company shall pay to the Shareholder the Purchase Price in immediately available funds, as follows: (1) $50,000 which was be paid upon the complete execution of this Stock Repurchase Agreement, and the related Settlement Agreement and Release, and the Lock-up and Leak-out Agreement; (2) $50,000 to be paid 30 days after the complete execution of the Stock Repurchase Agreement, the Settlement Agreement and Release, and the Lock-up and Leak-out Agreement; and (3) the final $50,000 to be paid 60 days after the complete execution of the Stock Repurchase Agreement, the Settlement Agreement and Release, and the Lock-up and Leak-out Agreement.. As of July 31, 2022, the Company had $100,000 of common stock repurchase obligation outstanding.
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
100000 usd
hbis Minimal Royalty Payment
MinimalRoyaltyPayment
109210 usd
CY2022Q1 hbis Gmr Expense
GMRExpense
218380 usd
us-gaap Royalty Expense
RoyaltyExpense
86442 usd
CY2022Q3 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
109199 usd
CY2022Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
61794 usd
CY2022Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
44405 usd
CY2022Q3 hbis Total Accrued Royalty Fee
TotalAccruedRoyaltyFee
109199 usd
CY2021Q4 hbis Total Accrued Royalty Fee
TotalAccruedRoyaltyFee
71896 usd
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
24000 usd
CY2022Q3 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
2000 usd
hbis Accrued Royalty Fee
AccruedRoyaltyFee
6000 usd
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
198 usd
CY2022Q3 hbis Professional And Consulting Expense Related Party
ProfessionalAndConsultingExpenseRelatedParty
30000 usd
hbis Professional And Consulting Expense Related Party
ProfessionalAndConsultingExpenseRelatedParty
90000 usd
CY2021Q2 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.10 pure
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.05 pure
us-gaap Subsequent Event Description
SubsequentEventDescription
The Company has the right to prepay the outstanding principal amount of the Note, plus any accrued interest on the outstanding principal (including any default interest) at a rate of (x) 120% during the period ending 120 days after the Issue Date and (y) 125% during the period between 121 days and 180 days after the Issue Date. The Company does not have a prepayment right following the expiration of the 180 day period Upon the occurrence and during the continuation of any event of default under the Note, the Note becomes immediately due and payable and the Company is obligated to pay the Investor in full satisfaction of its obligations thereunder an amount equal to the greater of (i) the principal amount then outstanding plus accrued interest (including any default interest) through the date of full repayment multiplied by 150% and (ii)(a) the highest number of shares of Common Stock issuable upon conversion of the default sum at the Conversion Price, multiplied by (b) the highest closing price for the Common Stock during the period beginning on the date of first occurrence of the event of default and ending one day prior to the mandatory prepayment date.
hbis Outstanding Principal Amount
OutstandingPrincipalAmount
1.20 pure
hbis Purchase Of Shares Common Stock
PurchaseOfSharesCommonStock
666667 shares
us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
0.225
hbis Exercise Price Percentage
ExercisePricePercentage
1.20 pure
us-gaap Notes Reduction
NotesReduction
usd
hbis Fair Value Of Trueup Shares In Connection With The Commitment Fee
FairValueOfTrueupSharesInConnectionWithTheCommitmentFee
usd
hbis Increase In Debt Discount For Relative Fair Value Of Warrants
IncreaseInDebtDiscountForRelativeFairValueOfWarrants
usd
CY2022Q3 hbis Consulting Agreements Description
ConsultingAgreementsDescription
On August 29, 2022, the Company entered into a six-month Capital Market Advisory Agreement (the “Advisory Agreement”) with a third-party consultant for advisory services. In connection with this Advisory Agreement, the Company shall pay the advisor (1) $5,000 upon execution of the agreement and $5,000 per month to accrue until an uplisting occurs; (2) $25,000 payable upon a NASDAQ uplisting; (3) 100,000 share of the Company’s common stock. The shares shall have reverse split protection through the Nasdaq Listing so that if the Company undertakes a reverse split as part of the of the Nasdaq Listing, the consultant shall receive additional shares immediately after the Nasdaq Listing so that the consultant retains 100,000 shares post reverse split; and (4) the Company will issue 100,000 warrants to the Consultant or its designees exercisable for a period of 5 years with an exercise price of $.20 per share. The warrants shall have a cashless exercise provision in the event that the shares underlying the warrants are not registered in an effective registration statement. In the event that the Company undertakes a reverse split prior to or simultaneous with the Nasdaq Listing, the warrants shall have reverse split protection so that the Consultant shall receive 100,000 warrants exercisable for five years at $.20 per share after the reverse split. The Company issued 100,000 shares of common stock with grant date fair value of $20,000, or $0.20 per share, based on the market price of common stock on grant date. 
CY2022Q3 hbis Liabilities To Be Settled With Common Stock Current
LiabilitiesToBeSettledWithCommonStockCurrent
usd
CY2022Q3 hbis Convertible Notes Payable Related Party Net Of Debt Discount
ConvertibleNotesPayableRelatedPartyNetOfDebtDiscount
usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
CY2021Q3 hbis Settlement Expense
SettlementExpense
usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022Q3 hbis Gain On Extinguishment Of Accounts Payable1
GainOnExtinguishmentOfAccountsPayable1
usd
CY2021Q3 hbis Deemed Dividend
DeemedDividend
usd
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
20577274 shares
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
usd
hbis Common Stock For Issued For Commitment Fee In Interest Expense
CommonStockForIssuedForCommitmentFeeInInterestExpense
usd
hbis Interest Expense Related To Put Premium On Stocksettled Debt
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usd
hbis Common Stock And Warrant Issued For Product Development
CommonStockAndWarrantIssuedForProductDevelopment
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hbis Common Stock Issued Pursuant To Lockup Agreements
CommonStockIssuedPursuantToLockupAgreements
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hbis Gain On Extinguishment Of Accounts Payable
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hbis Gain On Extinguishment Of Debt
GainOnExtinguishmentOfDebt
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hbis Common Stock Issued For Settlement Expenses
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us-gaap Payments For Proceeds From Previous Acquisition
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Repayments Of Related Party Debt
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us-gaap Income Taxes Paid
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hbis Initial Amount Of Rou Asset And Related Liability
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hbis Increase In Stock Repurchase Obligation And Reduxtion Of Additional Paidin Capital
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hbis Prepaid Expenses And Other Assets
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hbis Inventory
Inventory
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hbis Operating Rightofuse Asset
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hbis Computers Software
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hbis Customer Relationships
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hbis Trademark
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hbis Net Assets And Liabilities Assumed Goodwill
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hbis Accounts Payable And Accrued Liabilities
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hbis Operating Rightofuse Liability
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hbis Note Payable
NotePayable
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hbis Net Assets Acquiredliabilities Assumed
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us-gaap Other Asset Impairment Charges
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CY2021Q4 hbis Premium On Stocksettled Debt
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CY2022Q3 us-gaap Long Term Debt
LongTermDebt
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CY2022Q3 hbis Less Debt Discount Related Party
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CY2022Q3 hbis Convertible Notes Payable Related Party Net
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usd
hbis Acquired Gift Card Liability
AcquiredGiftCardLiability
usd
CY2021 hbis Promotional And Other Gift Cards Issuedin Dollars Per Share
PromotionalAndOtherGiftCardsIssuedinDollarsPerShare
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001489588

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