RENAVOTIO, INC.

2021 Q2 Form 10-Q Financial Statement

#000147793221005241 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q4

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.4K $419.4K $113.8K
YoY Change 485.32% 1941.92% 322.11%
Cash & Equivalents $136.4K $419.4K $113.8K
Short-Term Investments
Other Short-Term Assets $2.165K $3.469M $2.165K
YoY Change -74.47% -74.53%
Inventory $335.8K $232.3K $232.3K
Prepaid Expenses $1.060M $0.00
Receivables $328.1K $122.4K $130.3K
Other Receivables $337.3K $253.8K $147.6K
Total Short-Term Assets $2.062M $4.497M $626.2K
YoY Change 344.79% 11834.1% 1253.57%
LONG-TERM ASSETS
Property, Plant & Equipment $302.4K $327.1K $486.1K
YoY Change
Goodwill $3.554M $3.554M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.856M $3.881M $4.040M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $2.062M $4.497M $626.2K
Total Long-Term Assets $3.856M $3.881M $4.040M
Total Assets $5.918M $8.378M $4.666M
YoY Change 1176.7% 22133.41% 9986.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.5K $1.388M $75.59K
YoY Change 308.01% 3548.44% 95.97%
Accrued Expenses $85.06K $74.09K $71.70K
YoY Change -78.06% -77.54% -73.55%
Deferred Revenue
YoY Change
Short-Term Debt $609.6K $427.4K $1.225M
YoY Change 190.04% 596.4%
Long-Term Debt Due $548.4K
YoY Change
Total Short-Term Liabilities $1.116M $4.410M $1.372M
YoY Change 15.75% 423.27% 82.28%
LONG-TERM LIABILITIES
Long-Term Debt $3.073M $3.087M $2.603M
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $3.073M $3.087M $2.603M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.116M $4.410M $1.372M
Total Long-Term Liabilities $3.073M $3.087M $2.603M
Total Liabilities $4.189M $7.497M $3.976M
YoY Change 334.53% 789.63% 428.07%
SHAREHOLDERS EQUITY
Retained Earnings -$3.223M -$2.761M
YoY Change
Common Stock $140.5K $200.0K $120.2K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.729M $880.7K $690.1K
YoY Change
Total Liabilities & Shareholders Equity $5.918M $8.378M $4.666M
YoY Change 1176.7% 22133.41% 9986.37%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q4

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
140470804 shares
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136381 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113798 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
190459 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
130301 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
335754 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
232344 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1059670 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
0 USD
CY2021Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
337272 USD
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
147553 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2165 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2165 USD
CY2021Q2 us-gaap Assets Current
AssetsCurrent
2061701 USD
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4811093 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3330221 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3222690 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2760627 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
626161 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
302363 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
486096 USD
CY2021Q2 us-gaap Goodwill
Goodwill
3553698 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3553698 USD
CY2021Q2 us-gaap Assets
Assets
5917762 USD
CY2020Q4 us-gaap Assets
Assets
4665955 USD
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
155534 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
75586 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
85057 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
71695 USD
CY2021Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
265500 USD
CY2020Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
0 USD
CY2021Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
181601 USD
CY2020Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
500189 USD
CY2021Q2 riii Notes Payable Current Portion Net Of Discount
NotesPayableCurrentPortionNetOfDiscount
428011 USD
CY2020Q4 riii Notes Payable Current Portion Net Of Discount
NotesPayableCurrentPortionNetOfDiscount
724910 USD
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
1115703 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1372380 USD
CY2021Q2 riii Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
3072866 USD
CY2020Q4 riii Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
2603467 USD
CY2021Q2 us-gaap Liabilities
Liabilities
4188569 USD
CY2020Q4 us-gaap Liabilities
Liabilities
3975847 USD
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
140470804 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
120200005 shares
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
140471 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
120200 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1729193 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
690108 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5917762 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4665955 USD
CY2021Q2 us-gaap Revenues
Revenues
2209052 USD
CY2020Q2 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
2579688 USD
us-gaap Revenues
Revenues
0 USD
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
1593856 USD
CY2020Q2 us-gaap Cost Of Revenue
CostOfRevenue
0 USD
us-gaap Cost Of Revenue
CostOfRevenue
1818842 USD
us-gaap Cost Of Revenue
CostOfRevenue
0 USD
CY2021Q2 us-gaap Gross Profit
GrossProfit
615196 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
0 USD
us-gaap Gross Profit
GrossProfit
760846 USD
us-gaap Gross Profit
GrossProfit
0 USD
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
607611 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
155385 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1118623 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
254659 USD
CY2021Q2 us-gaap Depreciation
Depreciation
24715 USD
CY2020Q2 us-gaap Depreciation
Depreciation
0 USD
CY2020Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-145813 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-155385 USD
us-gaap Net Income Loss
NetIncomeLoss
-462063 USD
us-gaap Net Income Loss
NetIncomeLoss
-254659 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-1374 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-2265 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-145813 USD
us-gaap Depreciation
Depreciation
183733 USD
us-gaap Depreciation
Depreciation
0 USD
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
632326 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
155385 USD
us-gaap Operating Expenses
OperatingExpenses
1302356 USD
us-gaap Operating Expenses
OperatingExpenses
254659 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17130 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-155385 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-541510 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-254659 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
108593 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
204430 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2021Q2 us-gaap Other Income
OtherIncome
0 USD
CY2020Q2 us-gaap Other Income
OtherIncome
0 USD
us-gaap Other Income
OtherIncome
353967 USD
us-gaap Other Income
OtherIncome
0 USD
CY2021Q2 us-gaap Other Expenses
OtherExpenses
20090 USD
CY2020Q2 us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Other Expenses
OtherExpenses
70090 USD
us-gaap Other Expenses
OtherExpenses
0 USD
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-128683 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
79447 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-154011 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-462063 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-252394 USD
CY2021Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136370804 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88931703 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131150112 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82033352 shares
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-706642 USD
CY2020Q1 riii Foreign Currency Adjustment
ForeignCurrencyAdjustment
891 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-99274 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-805025 USD
CY2020Q2 riii Foreign Currency Adjustment
ForeignCurrencyAdjustment
1374 USD
CY2020Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
CY2020Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
321000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
137628 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-155385 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-500408 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
690108 USD
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
200000 USD
CY2021Q1 riii Shares Issued For Private Placements Amount
SharesIssuedForPrivatePlacementsAmount
269302 USD
CY2021Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
37500 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-316250 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
880660 USD
CY2021Q2 riii Shares Issued For Private Placements Amount
SharesIssuedForPrivatePlacementsAmount
909999 USD
CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
43480 USD
CY2021Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
20090 USD
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
20777 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-145813 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1729193 USD
us-gaap Net Income Loss
NetIncomeLoss
-462063 USD
us-gaap Net Income Loss
NetIncomeLoss
-254659 USD
riii Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
0 USD
riii Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
2265 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
183733 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
0 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
60798 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
10769 USD
riii Financing Fees And Penalties
FinancingFeesAndPenalties
70090 USD
riii Financing Fees And Penalties
FinancingFeesAndPenalties
0 USD
riii Gain On Forgiveness Of Notes Payable
GainOnForgivenessOfNotesPayable
-353967 USD
riii Gain On Forgiveness Of Notes Payable
GainOnForgivenessOfNotesPayable
0 USD
riii Shares Issued For Services
SharesIssuedForServices
43480 USD
riii Shares Issued For Services
SharesIssuedForServices
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
33332 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-60158 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-103410 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-893002 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1436 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
0 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
60064 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
0 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-306 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
79948 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-456 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
16134 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
116537 USD
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
0 USD
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
15223 USD
us-gaap Customer Refundable Fees Refund Payments1
CustomerRefundableFeesRefundPayments1
265500 USD
us-gaap Customer Refundable Fees Refund Payments1
CustomerRefundableFeesRefundPayments1
0 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-16 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1119585 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-49143 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-189719 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-189719 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Proceeds From Loans
ProceedsFromLoans
0 USD
us-gaap Proceeds From Loans
ProceedsFromLoans
45485 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
714414 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
230005 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
-331823 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
1179301 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1331887 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45485 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22583 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3658 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113798 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26962 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136381 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23304 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
109844 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
37500 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
riii Shares Issued For Prepaid Services
SharesIssuedForPrepaidServices
200000 USD
riii Shares Issued For Prepaid Services
SharesIssuedForPrepaidServices
0 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
20777 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1753000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-1450000 USD
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 generally accepted accounting principles in the United States of America require 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
us-gaap Threshold Period Past Due For Writeoff Of Trade Accounts Receivable
ThresholdPeriodPastDueForWriteoffOfTradeAccountsReceivable
P12Y
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
328118 USD
CY2020Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5512 USD
CY2021Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
16754 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
16754 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
567077 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
567077 USD
CY2021Q2 us-gaap Land
Land
25000 USD
CY2020Q4 us-gaap Land
Land
25000 USD
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
86473 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
86473 USD
CY2021Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
376503 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
376503 USD
CY2021Q2 us-gaap Public Utilities Property Plant And Equipment Vehicles
PublicUtilitiesPropertyPlantAndEquipmentVehicles
56835 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Vehicles
PublicUtilitiesPropertyPlantAndEquipmentVehicles
56835 USD
CY2021Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5512 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
264714 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80981 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
302363 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
486096 USD
us-gaap Depreciation
Depreciation
183733 USD
us-gaap Depreciation
Depreciation
0 USD
us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
112500 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
204430 USD
CY2020Q4 us-gaap Other Long Term Notes Payable
OtherLongTermNotesPayable
621115 USD
CY2020Q4 riii Convertible Notes Payable And Notes Payable2022
ConvertibleNotesPayableAndNotesPayable2022
358714 USD
CY2020Q4 riii Convertible Notes Payable And Notes Payable2023
ConvertibleNotesPayableAndNotesPayable2023
405802 USD
CY2020Q4 riii Convertible Notes Payable And Notes Payable2024
ConvertibleNotesPayableAndNotesPayable2024
427353 USD
CY2020Q4 riii Convertible Notes Payable And Notes Payable2025
ConvertibleNotesPayableAndNotesPayable2025
409105 USD
CY2020Q4 riii Thereafter
Thereafter
1471891 USD
CY2020Q4 riii Total
Total
3693980 USD
riii Shares Issued For Financingcosts
SharesIssuedForFinancingcosts
57590 USD
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
700000 shares
CY2021Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
20777 USD
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 riii Common Stock Shares Issue
CommonStockSharesIssue
140470804 shares
CY2020Q4 riii Common Stock Shares Issue
CommonStockSharesIssue
120200005 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
14720799 shares
CY2021Q2 riii Cash Proceeds
CashProceeds
764301 USD
CY2021Q1 riii Common Stock Shares Issue
CommonStockSharesIssue
4000000 shares
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
200000 USD
riii Shares Issued For Financing
SharesIssuedForFinancing
850000 shares
riii Note9 Disaggregated Revenues
Note9DisaggregatedRevenues
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;width:100%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 9 – DISAGGREGATED REVENUES</strong></p></td></tr></tbody></table><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;">Substantially all of the Company’s revenues are generated in the state of Oklahoma. The Company has a concentration of customers in the water and utilities industries which expose the Company to a concentration of credit risk within a single industry. The customers in these industries are usually owned by local government authorities, reducing the Company’s credit risk. Revenue by type for the six months ended June 30, 2021 and 2020 were as follows:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Six Months Ended June 30,</strong></p></td><td style="white-space: nowrap;"><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="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><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">Personal Protective Equipment</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;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,825,494</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><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">Management</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;">466,881</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 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;">-</td><td style="width:1%;white-space: nowrap;"><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">Repair &amp; Maintenance</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: 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: 1px solid;width:9%;vertical-align:bottom;text-align:right;">287,313</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: 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: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</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></tr><tr style="height:15px;background-color:#ffffff"><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 style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,579,688</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</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></tr><tr style="height:15px;background-color:#ffffff"><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 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><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 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><td style="width:1%;white-space: nowrap;"><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"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="7" style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Six Months Ended June 30,</strong></p></td></tr><tr style="height:15px;background-color:#ffffff"><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 colspan="2" style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></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 colspan="2" style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2020</strong></p></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></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">Personal Protective Equipment</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;">70.8</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 colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;white-space: nowrap;"><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">Management</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;">18.1</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 colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;white-space: nowrap;"><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">Repair &amp; Maintenance</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;">11.1</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 colspan="2"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">*</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
us-gaap Revenues
Revenues
2579688 USD
us-gaap Revenues
Revenues
0 USD

Files In Submission

Name View Source Status
0001477932-21-005241-index-headers.html Edgar Link pending
0001477932-21-005241-index.html Edgar Link pending
0001477932-21-005241.txt Edgar Link pending
0001477932-21-005241-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
riii-20210630.xsd Edgar Link pending
riii-20210630_cal.xml Edgar Link unprocessable
riii-20210630_def.xml Edgar Link unprocessable
riii-20210630_lab.xml Edgar Link unprocessable
riii-20210630_pre.xml Edgar Link unprocessable
riii_10q.htm Edgar Link pending
riii_10q_htm.xml Edgar Link completed
riii_ex311.htm Edgar Link pending
riii_ex312.htm Edgar Link pending
riii_ex321.htm Edgar Link pending
riii_ex322.htm Edgar Link pending
Show.js Edgar Link pending