ROCKETFUEL BLOCKCHAIN, INC.

2022 Q4 Form 10-Q Financial Statement

#000149315222031898 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $393.0K $1.080M $205.3K
YoY Change -88.79% 425.71% -37.03%
Cash & Equivalents $393.0K $1.135M $205.3K
Short-Term Investments
Other Short-Term Assets $111.6K $186.4K $18.78K
YoY Change 94.61% 892.65%
Inventory
Prepaid Expenses
Receivables $60.20K $3.400K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $504.5K $1.326M $227.5K
YoY Change -85.9% 482.86% -30.23%
LONG-TERM ASSETS
Property, Plant & Equipment $768.3K $642.9K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $768.3K $642.9K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $504.5K $1.326M $227.5K
Total Long-Term Assets $768.3K $642.9K $0.00
Total Assets $1.273M $1.969M $227.5K
YoY Change -64.43% 765.44% -30.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $724.0K $743.2K $432.9K
YoY Change 425.84% 71.7% 471.58%
Accrued Expenses
YoY Change
Deferred Revenue $3.504K $35.85K
YoY Change
Short-Term Debt $0.00 $0.00 $25.45K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $751.9K $813.6K $656.4K
YoY Change 317.62% 23.96% 766.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $751.9K $813.6K $656.4K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $751.9K $813.6K $656.4K
YoY Change 317.62% 23.96% 766.72%
SHAREHOLDERS EQUITY
Retained Earnings -$12.70M -$11.36M
YoY Change
Common Stock $36.30K $32.43K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $520.9K $1.155M -$428.9K
YoY Change
Total Liabilities & Shareholders Equity $1.273M $1.969M $227.5K
YoY Change -64.43% 765.44% -30.23%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3

Facts In Submission

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us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zh2XFpblEpP3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i><span id="xdx_86A_zg1T5xzAbL44">Use of Accounting Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and judgments, which are evaluated on an ongoing basis, and that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management bases its estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the amounts of revenues and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>ROCKETFUEL BLOCKCHAIN, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SEPTEMBER 30, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(UNAUDITED)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84E_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zBF16KNkosp8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86C_zUch7U49wUUh">Reclassifications</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p>
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
55956 usd
us-gaap Net Income Loss
NetIncomeLoss
-2191199 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-1242471 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
348397 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
149919 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
642920 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
460176 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
111396 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
198477 usd
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
0 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
0 usd
CY2022Q3 us-gaap Legal Fees
LegalFees
15495 usd
us-gaap Legal Fees
LegalFees
73553 usd
CY2021Q3 us-gaap Legal Fees
LegalFees
75009 usd
us-gaap Legal Fees
LegalFees
99170 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
34569 usd
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
11277 usd
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
35847 usd
CY2022Q1 us-gaap Deferred Revenue
DeferredRevenue
15073 usd
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
10000 shares
CY2022Q2 us-gaap Share Price
SharePrice
0.15
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32427446 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
31965083 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1694915 shares
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
540059 usd
CY2022Q2 us-gaap Share Price
SharePrice
0.15

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