2022 Q4 Form 10-Q Financial Statement

#000149315223005697 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q4

Balance Sheet

Concept 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.43K $197.3K
YoY Change -79.51% -45.27%
Cash & Equivalents $40.43K $63.38K
Short-Term Investments $133.9K
Other Short-Term Assets $389.4K $440.7K
YoY Change -11.63% -63.12%
Inventory $404.9K $643.9K
Prepaid Expenses $28.76K
Receivables $110.5K $707.5K
Other Receivables $0.00 $196.0K
Total Short-Term Assets $1.172M $2.185M
YoY Change -46.37% -0.67%
LONG-TERM ASSETS
Property, Plant & Equipment $3.465M $4.220M
YoY Change -17.89% 334.46%
Goodwill $757.6K
YoY Change
Intangibles $10.65M
YoY Change
Long-Term Investments $441.4K $380.7K
YoY Change 15.96% -32.61%
Other Assets $6.970K
YoY Change
Total Long-Term Assets $15.52M $16.01M
YoY Change -3.06% 791.57%
TOTAL ASSETS
Total Short-Term Assets $1.172M $2.185M
Total Long-Term Assets $15.52M $16.01M
Total Assets $16.69M $18.19M
YoY Change -8.27% 355.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.514M $2.422M
YoY Change -37.46%
Accrued Expenses $283.5K $911.5K
YoY Change -68.89% 19.33%
Deferred Revenue
YoY Change
Short-Term Debt $3.028M $1.584M
YoY Change 91.14% -30.8%
Long-Term Debt Due $967.4K $814.5K
YoY Change 18.77% 80.76%
Total Short-Term Liabilities $14.22M $9.811M
YoY Change 44.97% 17.86%
LONG-TERM LIABILITIES
Long-Term Debt $5.789M $5.790M
YoY Change -0.03% 2045.34%
Other Long-Term Liabilities $218.6K $385.1K
YoY Change -43.23% -39.99%
Total Long-Term Liabilities $6.007M $6.175M
YoY Change -2.72% 577.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.22M $9.811M
Total Long-Term Liabilities $6.007M $6.175M
Total Liabilities $20.23M $15.58M
YoY Change 29.89% 68.63%
SHAREHOLDERS EQUITY
Retained Earnings -$86.59M
YoY Change
Common Stock $11.98M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.877M $2.616M
YoY Change
Total Liabilities & Shareholders Equity $16.69M $18.19M
YoY Change -8.27% 355.31%

Cashflow Statement

Concept 2022 Q4 2021 Q4

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000919175
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 SGMD Share To Be Issued Preferred Stock
ShareToBeIssuedPreferredStock
usd
CY2022Q2 SGMD Share To Be Issued Preferred Stock
ShareToBeIssuedPreferredStock
usd
CY2022Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
usd
CY2022Q4 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
usd
CY2021Q4 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
usd
CY2022Q4 us-gaap Advertising Expense
AdvertisingExpense
usd
us-gaap Advertising Expense
AdvertisingExpense
usd
CY2022Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2021Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2022Q4 SGMD Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
usd
CY2021Q4 SGMD Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
usd
SGMD Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
usd
CY2022Q4 SGMD Gains On Extinguishment Of Debt
GainsOnExtinguishmentOfDebt
usd
CY2021Q4 SGMD Gains On Extinguishment Of Debt
GainsOnExtinguishmentOfDebt
usd
SGMD Gains On Extinguishment Of Debt
GainsOnExtinguishmentOfDebt
usd
CY2022Q4 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2022Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
usd
CY2021Q3 SGMD Stock Issued During Period Valuefor Contribution Of Capital To Noncontrolling Minority
StockIssuedDuringPeriodValueforContributionOfCapitalToNoncontrollingMinority
usd
CY2021Q4 SGMD Repayment Of Capital Value
RepaymentOfCapitalValue
usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
SGMD Gain Loss On Interest Expenses
GainLossOnInterestExpenses
usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
usd
SGMD Proceeds From Repayments Of Note Payable Related Parties Net
ProceedsFromRepaymentsOfNotePayableRelatedPartiesNet
usd
SGMD Subscription Receivable
SubscriptionReceivable
usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
usd
us-gaap Interest Paid
InterestPaid
usd
us-gaap Interest Paid
InterestPaid
usd
us-gaap Stock Issued1
StockIssued1
usd
SGMD Reduction In Derivative Liability Due To Conversion
ReductionInDerivativeLiabilityDueToConversion
usd
SGMD Debt Discount Related To Convertible Debt
DebtDiscountRelatedToConvertibleDebt
usd
us-gaap Notes Issued1
NotesIssued1
usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
usd
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
usd
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Advertising Expense
DisposalGroupIncludingDiscontinuedOperationAdvertisingExpense
usd
SGMD Disposal Group Including Discontinued Operation Advertising Expense
DisposalGroupIncludingDiscontinuedOperationAdvertisingExpense
usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Marketing And Research Expense
DisposalGroupIncludingDiscontinuedOperationMarketingAndResearchExpense
usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Marketing And Research Expense
DisposalGroupIncludingDiscontinuedOperationMarketingAndResearchExpense
usd
SGMD Disposal Group Including Discontinued Operation Marketing And Research Expense
DisposalGroupIncludingDiscontinuedOperationMarketingAndResearchExpense
usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Salaries And Wages
DisposalGroupIncludingDiscontinuedOperationSalariesAndWages
usd
SGMD Disposal Group Including Discontinued Operation Salaries And Wages
DisposalGroupIncludingDiscontinuedOperationSalariesAndWages
usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Other Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherNonoperatingIncomeExpense
usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Other Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherNonoperatingIncomeExpense
usd
SGMD Disposal Group Including Discontinued Operation Other Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherNonoperatingIncomeExpense
usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Interest Expense Debt Excluding Amortization
DisposalGroupIncludingDiscontinuedOperationInterestExpenseDebtExcludingAmortization
usd
SGMD Disposal Group Including Discontinued Operation Interest Expense Debt Excluding Amortization
DisposalGroupIncludingDiscontinuedOperationInterestExpenseDebtExcludingAmortization
usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit
usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit
usd
SGMD Disposal Group Including Discontinued Operation Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
SGMD Disposal Group Including Discontinued Operation Income Tax Expense Benefit
DisposalGroupIncludingDiscontinuedOperationIncomeTaxExpenseBenefit
usd
CY2022Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
usd
SGMD Derivative Liabilities Reclassification To Additional Paid In Capital Due To Conversions
DerivativeLiabilitiesReclassificationToAdditionalPaidInCapitalDueToConversions
usd
dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-23446
dei Entity Registrant Name
EntityRegistrantName
SUGARMADE, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
94-3008888
dei Entity Address Address Line1
EntityAddressAddressLine1
750 Royal Oaks Dr.
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 108
dei Entity Address City Or Town
EntityAddressCityOrTown
Monrovia
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
91016
dei City Area Code
CityAreaCode
(888)
dei Local Phone Number
LocalPhoneNumber
982-1628
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12475800701 shares
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40434 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
161014 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
110534 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
29822 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
404938 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
416643 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
389438 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
185787 usd
CY2022Q4 SGMD Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
155966 usd
CY2022Q2 SGMD Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
219494 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
70723 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
70723 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1172033 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
1083483 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3464845 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3657777 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10645699 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10648921 usd
CY2022Q4 us-gaap Goodwill
Goodwill
757648 usd
CY2022Q2 us-gaap Goodwill
Goodwill
757648 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
199163 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
266760 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
441407 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
441407 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
6971 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
13914 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
15515734 usd
CY2022Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
15786427 usd
CY2022Q4 us-gaap Assets
Assets
16687766 usd
CY2022Q2 us-gaap Assets
Assets
16869910 usd
CY2022Q4 SGMD Note Payable Due To Bank Current
NotePayableDueToBankCurrent
25982 usd
CY2022Q2 SGMD Note Payable Due To Bank Current
NotePayableDueToBankCurrent
25982 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2048860 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1989525 usd
CY2022Q4 SGMD Customer Deposit Current
CustomerDepositCurrent
883276 usd
CY2022Q2 SGMD Customer Deposit Current
CustomerDepositCurrent
951664 usd
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
98654 usd
CY2022Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
67906 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
420878 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
473799 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1146006 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
873971 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
380600 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
20000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
166483 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
233201 usd
CY2022Q4 us-gaap Loans Payable Current
LoansPayableCurrent
967381 usd
CY2022Q2 us-gaap Loans Payable Current
LoansPayableCurrent
935975 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
273941 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
280295 usd
CY2022Q4 SGMD Convertible Note Payable Current
ConvertibleNotePayableCurrent
2347121 usd
CY2022Q2 SGMD Convertible Note Payable Current
ConvertibleNotePayableCurrent
1459536 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4489332 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
5521284 usd
CY2022Q4 SGMD Warrants Liabilities
WarrantsLiabilities
1116 usd
CY2022Q2 SGMD Warrants Liabilities
WarrantsLiabilities
3100 usd
CY2022Q4 SGMD Shares To Be Issued
SharesToBeIssued
298847 usd
CY2022Q2 SGMD Shares To Be Issued
SharesToBeIssued
283077 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
675319 usd
CY2022Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
675012 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
14223798 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
13794327 usd
CY2022Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
736257 usd
CY2022Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
825239 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
4826858 usd
CY2022Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
4828442 usd
CY2022Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
225518 usd
CY2022Q2 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
101828 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
218624 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
290948 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
6007258 usd
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
6046457 usd
CY2022Q4 us-gaap Liabilities
Liabilities
20231056 usd
CY2021Q4 us-gaap Operating Expenses
OperatingExpenses
571645 usd
us-gaap Operating Expenses
OperatingExpenses
1169073 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
11980144 usd
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
11825389 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71685807 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
71260522 usd
CY2022Q2 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
10042 usd
CY2022Q2 us-gaap Liabilities
Liabilities
19840784 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11980144738 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11980144738 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11825389576 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11825389576 shares
CY2022Q4 SGMD Share To Be Issued Common Stock
ShareToBeIssuedCommonStock
40008 usd
CY2022Q2 SGMD Share To Be Issued Common Stock
ShareToBeIssuedCommonStock
40008 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-86585190 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85437392 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-2876689 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2318974 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
-666600 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
-651900 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-3543290 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2970874 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16687766 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16869910 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
499441 usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
538815 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1208592 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
977358 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
631 usd
CY2022Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
257821 usd
CY2021Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
461873 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
720730 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
848812 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
241620 usd
CY2021Q4 us-gaap Gross Profit
GrossProfit
76942 usd
us-gaap Gross Profit
GrossProfit
488493 usd
us-gaap Gross Profit
GrossProfit
128546 usd
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
382989 usd
CY2021Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
336980 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
734545 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
655637 usd
CY2021Q4 us-gaap Advertising Expense
AdvertisingExpense
4474 usd
us-gaap Advertising Expense
AdvertisingExpense
4474 usd
CY2022Q4 us-gaap Marketing Expense
MarketingExpense
19768 usd
CY2021Q4 us-gaap Marketing Expense
MarketingExpense
36992 usd
us-gaap Marketing Expense
MarketingExpense
46430 usd
us-gaap Marketing Expense
MarketingExpense
71420 usd
CY2022Q4 us-gaap Professional Fees
ProfessionalFees
181287 usd
CY2021Q4 us-gaap Professional Fees
ProfessionalFees
83549 usd
us-gaap Professional Fees
ProfessionalFees
258783 usd
us-gaap Professional Fees
ProfessionalFees
280115 usd
CY2022Q4 us-gaap Salaries And Wages
SalariesAndWages
73337 usd
CY2021Q4 us-gaap Salaries And Wages
SalariesAndWages
87150 usd
us-gaap Salaries And Wages
SalariesAndWages
121814 usd
us-gaap Salaries And Wages
SalariesAndWages
226607 usd
CY2022Q4 us-gaap Share Based Compensation
ShareBasedCompensation
3500 usd
CY2021Q4 us-gaap Share Based Compensation
ShareBasedCompensation
22500 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7500 usd
us-gaap Share Based Compensation
ShareBasedCompensation
124000 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
660881 usd
us-gaap Operating Expenses
OperatingExpenses
1362253 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-419261 usd
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-494704 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-680580 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1233706 usd
CY2022Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2079 usd
CY2021Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7886 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17170 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2997 usd
CY2022Q4 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
391525 usd
CY2021Q4 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1093182 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
584571 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1251050 usd
CY2021Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7 usd
CY2022Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2433745 usd
CY2021Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-390306 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1264186 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-65073 usd
CY2022Q4 SGMD Warrant Income Expense
WarrantIncomeExpense
-560738 usd
CY2021Q4 SGMD Warrant Income Expense
WarrantIncomeExpense
6347 usd
SGMD Warrant Income Expense
WarrantIncomeExpense
-558696 usd
SGMD Warrant Income Expense
WarrantIncomeExpense
14637 usd
CY2022Q4 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-17986 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-17986 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-28 usd
CY2022Q4 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
386874 usd
CY2021Q4 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
24071 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
676675 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
156651 usd
SGMD Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
1050 usd
SGMD Gains On Extinguishment Of Debt
GainsOnExtinguishmentOfDebt
112051 usd
CY2021Q4 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-215862 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-857979 usd
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3788789 usd
CY2021Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1709195 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-444520 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2314205 usd
CY2021Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-16270 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-60747 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4208050 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2220169 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1125100 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3608658 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-4208050 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2220169 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1125100 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3608658 usd
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-24950 usd
CY2021Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-690833 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-37397 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1205064 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-4233000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
-2911002 usd
us-gaap Profit Loss
ProfitLoss
-1162497 usd
us-gaap Profit Loss
ProfitLoss
-4813722 usd
CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11701 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-54168 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14701 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-361519 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-4221301 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-2856834 usd
us-gaap Net Income Loss
NetIncomeLoss
-1147796 usd
us-gaap Net Income Loss
NetIncomeLoss
-4452203 usd
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12195967869 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8728862892 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12063196489 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8509797777 shares
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2970874 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
19360 usd
CY2022Q3 SGMD Shares Issued For Subscription Receivable Common Stock Value
SharesIssuedForSubscriptionReceivableCommonStockValue
10042 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
3070503 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
129030 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
560680 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-4233000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-3543290 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4770218 usd
CY2021Q3 SGMD Reclass Derivative Liability To Equity From Conversion
ReclassDerivativeLiabilityToEquityFromConversion
576214 usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
385266 usd
CY2021Q3 SGMD Shares Issued For Subscription Receivable Common Stock Value
SharesIssuedForSubscriptionReceivableCommonStockValue
500000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-1902718 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4328979 usd
CY2021Q4 SGMD Reclass Derivative Liability To Equity From Conversion
ReclassDerivativeLiabilityToEquityFromConversion
192857 usd
CY2021Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
150000 usd
CY2021Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
444000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
-2911002 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2204834 usd
us-gaap Net Income Loss
NetIncomeLoss
-1147796 usd
us-gaap Net Income Loss
NetIncomeLoss
-4452203 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14701 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-361519 usd
SGMD Excess Derivative Expense
ExcessDerivativeExpense
14285 usd
SGMD Excess Derivative Expense
ExcessDerivativeExpense
1118990 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-17986 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
112051 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
676675 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
156651 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7500 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
124000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1264186 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-65073 usd
SGMD Change In Exercise Of Warrant
ChangeInExerciseOfWarrant
558696 usd
SGMD Change In Exercise Of Warrant
ChangeInExerciseOfWarrant
-14637 usd
us-gaap Depreciation
Depreciation
84880 usd
us-gaap Depreciation
Depreciation
68702 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
967 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
888 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-60747 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-857979 usd
SGMD Nonoperating Imputed Interest Of Lease Liabilities
NonoperatingImputedInterestOfLeaseLiabilities
7917 usd
SGMD Nonoperating Imputed Interest Of Lease Liabilities
NonoperatingImputedInterestOfLeaseLiabilities
3188 usd
SGMD Gain Loss On Interest Expenses
GainLossOnInterestExpenses
-245680 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
80711 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-117381 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11705 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
202338 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
203652 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7274 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-52920 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-131502 usd
SGMD Increase Decrease In Accounts Payable And Accrued Liability
IncreaseDecreaseInAccountsPayableAndAccruedLiability
379931 usd
SGMD Increase Decrease In Accounts Payable And Accrued Liability
IncreaseDecreaseInAccountsPayableAndAccruedLiability
9354 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-37640 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
150915 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
292034 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
43121 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-631237 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2398860 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
308 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-336 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-630929 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2399196 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-5997 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1213278 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
11777 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17774 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1213278 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19360 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
430680 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
359016 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-108860 usd
SGMD Proceeds From Repayments Of Note Payable Related Parties Net
ProceedsFromRepaymentsOfNotePayableRelatedPartiesNet
-15427 usd
SGMD Proceeds From Share To Be Issued
ProceedsFromShareToBeIssued
8270 usd
SGMD Proceeds From Share To Be Issued
ProceedsFromShareToBeIssued
500000 usd
SGMD Subscription Receivable
SubscriptionReceivable
10042 usd
SGMD Proceeds From Repayments Of Loan
ProceedsFromRepaymentsOfLoan
118380 usd
SGMD Proceeds From Repayments Of Loan
ProceedsFromRepaymentsOfLoan
949546 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-26497 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
524226 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
148205 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
144200 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-1260 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
492575 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2278905 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-120580 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1333569 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
161014 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1396944 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40434 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
63375 usd
us-gaap Stock Issued1
StockIssued1
535269 usd
SGMD Reduction In Derivative Liability Due To Conversion
ReductionInDerivativeLiabilityDueToConversion
769071 usd
SGMD Debt Discount Related To Convertible Debt
DebtDiscountRelatedToConvertibleDebt
232234 usd
us-gaap Notes Issued1
NotesIssued1
100000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80E_eus-gaap--NatureOfOperations_zQ90VNmYh1Rd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_828_zlV5bT9cpA5l">Nature of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sugarmade, Inc. (hereinafter referred to as “we”, “us” or the “Company”) was originally incorporated on June 5, 1986 in California as Lab, Inc., and later that month, on June 24, 1986 changed its name to Software Professionals, Inc. On May 21, 1996, the Company changed its name to Enlighten Software Solutions, Inc. On June 20, 2007, Enlighten Software Solutions, Inc. was incorporated in Delaware for the purpose of merging with Enlighten Software Solutions, Inc. a California corporation so as to effect a redomicile to Delaware. On January 24, 2008, the Company changed its name to Diversified Opportunities, Inc. On May 9, 2011 we closed on a Share Exchange Agreement with Sugarmade, Inc., a California corporation founded in 2010, and on June 24, 2011 changed our name to Sugarmade, Inc.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 24, 2014 we acquired SWC Group, Inc., a California corporation doing business as, CarryOutSupplies.com (“Carry Out Supplies”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our Company operates much of its business activities through our subsidiaries, SWC Group, Inc., a California corporation (“SWC’’), NUG Avenue, Inc., a California corporation and <span id="xdx_90D_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20141023__20141024__dei--LegalEntityAxis__custom--NugAvenueIncMember_zC93J7QbEJoj" title="Ownership percentage">70</span>% owned subsidiary of the Company (“NUG Avenue”), and Lemon Glow Company, Inc., a California corporation and wholly owned subsidiary of the Company (“Lemon Glow”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares of our common stock are quoted on the OTC Pink tier of OTC Markets. Our trading symbol is “SGMD”. Our corporate website is www.sugarmade.com.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of the date of this filing, we are involved in several business sectors and business ventures:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Paper and paper-based products: </b>The supply of consumable products to the quick-service restaurant sub-sector of the restaurant industry, and as an importer and distributor of non-medical personal protection equipment to business and consumers, via our Carry Out Supplies subsidiary. Carry Out Supplies is a producer and wholesaler of custom printed and generic supplies, servicing more than 2,000 quick-service restaurants. The primary products are plastic cold cups, paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, edible packaging, food containers, soup containers, plastic spoons, and similar products for this market sector. This subsidiary, which was formed in 2009.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Cannabis products delivery services:</b> Following the end of the COVID cannabis delivery boom, along with a challenging cannabis retail climate from inflation, the black market, increased marketing expenses, and the cannabis excise tax moving from distribution to retail, the company has decided to reduce investments in retail operations. The company made this decision as we see more promising opportunities to increase shareholder equity by pivoting the business strategy to deploy capital to invest in cannabis real estate, cultivation, and wholesale sectors vs. cannabis retail operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">After discussions with ECGI, Inc. and the management of Nug Avenue, we could not find a path to short term profitability. The company then decided to cease investing in Nug Avenue, which ultimately led to Nug Avenue discontinuing operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As part of pivoting our business strategy, the company negotiated with Indigo Dye Group Corp. (“Indigo”) to exchange our <span id="xdx_903_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20221231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--IndigoDyeGroupCorpMember_zzJOP16G7ro9" title="Percentage of outstanding equity">32</span>% stake in Budcars for a stake in a distribution and indoor cultivation company in Santa Rosa, California. The company has already executed a share exchange agreement with Indigo. However, the final documents and terms of the new company are still being finalized. The company expects to complete the documents and announce the transition to new business post filing of this 10Q.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Selected cannabis and hemp projects:</b> On May 12, 2021, the Company entered into a Merger Agreement by and between Carnaby Spot Bay Corp, a California corporation and a wholly owned subsidiary of the Company (“Merger Sub”), Lemon Glow Company and Ryan Santiago as shareholder representative, pursuant to which Merger Sub would merge with and into Lemon Glow, with Lemon Glow being the surviving corporation (the “Merger”). Upon the closing of the merger, Lemon Glow was merged into the Company. The purpose of the transactions was to establish a licensed and permitted entity which Sugarmade would cultivate, manufacture, and distribute cannabis to the California markets. At the time of the transactions, none of Lemon Glow, Merger Sub, or Sugarmade was permitted and licensed for such activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 28, 2021, Lemon Glow obtained a conditional Use Permit (UP) number from the Community Development Department of the County of Lake, California, which the Company believes is an important step towards the conditional UP for commercial cannabis cultivation at its property. The issuance of the conditional UP number by the County of Lake allows the Company to proceed with the state cannabis cultivation license application, and potentially obtain certain applicable permits, such as from the Department of Cannabis Control, Department of Food and Agriculture, Department of Pesticide Regulation, Department of Fish and Wildlife, The State Water Resources Control Board, Board of Forestry and Fire Protection, Central Valley or North Coast Regional Water Quality Control Board, Department of Public Health, and Department of Consumer Affairs, as may be required. The Company believes that obtaining the conditional UP number by the County of Lake could be the first step toward full approval to cultivate cannabis on up to 32 acres out of the total 640 acres of the property.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of the date of this filing, Sugarmade is working diligently on satisfying the conditions required by the County of Lake to allow the Company to cultivate cannabis. It is the Company’s intention to begin such activities at the earliest time possible, assuming permits are ultimately issued. Upon issuance, the company will determine the amount of acreages to grow initially based on market demand and pre-orders. However, no such license or permits have yet been issued, and applications are still pending. There can be no assurance that any such license or permits will be issued in the near future or at all.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once licensing and permits are issued, the company plans to divide the 32 canopy grow acres between four separate grow areas. These separate grow areas will allow the company to start with a single area and expand with demand. While waiting for demand to rise, dividing into separate grow areas will also provide an opportunity to lease the other grow areas to 3rd party or through partnership under Managed Service Agreement to generate additional revenue for the company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We believe the market demand will increase upon federal legalization allowing for interstate commerce of cannabis. Opening the doors for out of state licensees to purchase California grown cannabis flowers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once fully completed, we estimate the output of 32 acres of canopy, will have the capacity of 64 tons of dry flower or 300 tons of fresh frozen, requiring approximately 300,000 sq ft of storage space. We will continue to make plans to build more storage space while concurrent with the licensing process.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zkTnQGyZAmWh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires our 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 significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
757648 usd
us-gaap Revenues
Revenues
1209222 usd
us-gaap Revenues
Revenues
2404606 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
441407 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
441407 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
441407 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
70723 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
70723 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
70723 usd
CY2022Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
70723 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
4715 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
16492 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
2256 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
3222 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
6971 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
19714 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Assets
DisposalGroupIncludingDiscontinuedOperationAssets
77692 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Assets
DisposalGroupIncludingDiscontinuedOperationAssets
90436 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent
675319 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent
675012 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Loan Payable Related Parties Current
DisposalGroupIncludingDiscontinuedOperationLoanPayableRelatedPartiesCurrent
1657444 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Loan Payable Related Parties Current
DisposalGroupIncludingDiscontinuedOperationLoanPayableRelatedPartiesCurrent
1633097 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
2332763 usd
CY2022Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
2308109 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Additional Paid In Capital
DisposalGroupIncludingDiscontinuedOperationAdditionalPaidInCapital
869045 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Additional Paid In Capital
DisposalGroupIncludingDiscontinuedOperationAdditionalPaidInCapital
869045 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Retained Earnings Accumulated Deficit
DisposalGroupIncludingDiscontinuedOperationRetainedEarningsAccumulatedDeficit
-3174122 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Retained Earnings Accumulated Deficit
DisposalGroupIncludingDiscontinuedOperationRetainedEarningsAccumulatedDeficit
-3136725 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Stockholders Equity
DisposalGroupIncludingDiscontinuedOperationStockholdersEquity
-2305077 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Stockholders Equity
DisposalGroupIncludingDiscontinuedOperationStockholdersEquity
-2267680 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Minority Interest
DisposalGroupIncludingDiscontinuedOperationMinorityInterest
50007 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Minority Interest
DisposalGroupIncludingDiscontinuedOperationMinorityInterest
50007 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Stockholders Equity Including Portion Attributable To Noncontrolling Interest
DisposalGroupIncludingDiscontinuedOperationStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2255070 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Stockholders Equity Including Portion Attributable To Noncontrolling Interest
DisposalGroupIncludingDiscontinuedOperationStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2217673 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Liabilities And Stockholders Equity
DisposalGroupIncludingDiscontinuedOperationLiabilitiesAndStockholdersEquity
77692 usd
CY2022Q2 SGMD Disposal Group Including Discontinued Operation Liabilities And Stockholders Equity
DisposalGroupIncludingDiscontinuedOperationLiabilitiesAndStockholdersEquity
90436 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
697010 usd
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1427248 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
697010 usd
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
1427248 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
9955 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
346765 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
11918 usd
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
641247 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Advertising Expense
DisposalGroupIncludingDiscontinuedOperationAdvertisingExpense
541173 usd
SGMD Disposal Group Including Discontinued Operation Advertising Expense
DisposalGroupIncludingDiscontinuedOperationAdvertisingExpense
1054640 usd
SGMD Disposal Group Including Discontinued Operation Marketing And Research Expense
DisposalGroupIncludingDiscontinuedOperationMarketingAndResearchExpense
985 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Professional Expense
DisposalGroupIncludingDiscontinuedOperationProfessionalExpense
14513 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Professional Expense
DisposalGroupIncludingDiscontinuedOperationProfessionalExpense
106700 usd
SGMD Disposal Group Including Discontinued Operation Professional Expense
DisposalGroupIncludingDiscontinuedOperationProfessionalExpense
24513 usd
SGMD Disposal Group Including Discontinued Operation Professional Expense
DisposalGroupIncludingDiscontinuedOperationProfessionalExpense
220635 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Salaries And Wages
DisposalGroupIncludingDiscontinuedOperationSalariesAndWages
392588 usd
SGMD Disposal Group Including Discontinued Operation Salaries And Wages
DisposalGroupIncludingDiscontinuedOperationSalariesAndWages
713555 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Operating Expenses
DisposalGroupIncludingDiscontinuedOperationOperatingExpenses
24468 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Operating Expenses
DisposalGroupIncludingDiscontinuedOperationOperatingExpenses
1387226 usd
SGMD Disposal Group Including Discontinued Operation Operating Expenses
DisposalGroupIncludingDiscontinuedOperationOperatingExpenses
36431 usd
SGMD Disposal Group Including Discontinued Operation Operating Expenses
DisposalGroupIncludingDiscontinuedOperationOperatingExpenses
2631062 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-24468 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-690215 usd
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-36431 usd
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-1203815 usd
SGMD Disposal Group Including Discontinued Operation Other Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherNonoperatingIncomeExpense
-105 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Interest Expense Debt Excluding Amortization
DisposalGroupIncludingDiscontinuedOperationInterestExpenseDebtExcludingAmortization
135 usd
SGMD Disposal Group Including Discontinued Operation Interest Expense Debt Excluding Amortization
DisposalGroupIncludingDiscontinuedOperationInterestExpenseDebtExcludingAmortization
178 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Amortization Of Intangible Asset
DisposalGroupIncludingDiscontinuedOperationAmortizationOfIntangibleAsset
483 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Amortization Of Intangible Asset
DisposalGroupIncludingDiscontinuedOperationAmortizationOfIntangibleAsset
483 usd
SGMD Disposal Group Including Discontinued Operation Amortization Of Intangible Asset
DisposalGroupIncludingDiscontinuedOperationAmortizationOfIntangibleAsset
967 usd
SGMD Disposal Group Including Discontinued Operation Amortization Of Intangible Asset
DisposalGroupIncludingDiscontinuedOperationAmortizationOfIntangibleAsset
967 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationNonoperatingIncomeExpense
-483 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationNonoperatingIncomeExpense
-618 usd
SGMD Disposal Group Including Discontinued Operation Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationNonoperatingIncomeExpense
-967 usd
SGMD Disposal Group Including Discontinued Operation Nonoperating Income Expense
DisposalGroupIncludingDiscontinuedOperationNonoperatingIncomeExpense
-1249 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Before Income Taxes Extraordinary Items Noncontrolling Interest
DisposalGroupIncludingDiscontinuedOperationBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24951 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Before Income Taxes Extraordinary Items Noncontrolling Interest
DisposalGroupIncludingDiscontinuedOperationBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-690833 usd
SGMD Disposal Group Including Discontinued Operation Before Income Taxes Extraordinary Items Noncontrolling Interest
DisposalGroupIncludingDiscontinuedOperationBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-37397 usd
SGMD Disposal Group Including Discontinued Operation Before Income Taxes Extraordinary Items Noncontrolling Interest
DisposalGroupIncludingDiscontinuedOperationBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1205064 usd
CY2022Q4 SGMD Disposal Group Including Discontinued Operation Profit Loss
DisposalGroupIncludingDiscontinuedOperationProfitLoss
-24951 usd
CY2021Q4 SGMD Disposal Group Including Discontinued Operation Profit Loss
DisposalGroupIncludingDiscontinuedOperationProfitLoss
-690833 usd
SGMD Disposal Group Including Discontinued Operation Profit Loss
DisposalGroupIncludingDiscontinuedOperationProfitLoss
-37397 usd
SGMD Disposal Group Including Discontinued Operation Profit Loss
DisposalGroupIncludingDiscontinuedOperationProfitLoss
-1205064 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
40434 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
161014 usd
CY2022Q4 us-gaap Cash
Cash
5875 usd
CY2022Q2 us-gaap Cash
Cash
50112 usd
CY2022Q4 SGMD Prepaid Inventory Current
PrepaidInventoryCurrent
50708 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
110534 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
29822 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
321560 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
321560 usd
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
0 usd
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
642117 usd
CY2021Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
857979 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
404938 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
416643 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 usd
CY2022Q4 SGMD Prepaid Deposit Current
PrepaidDepositCurrent
303087 usd
CY2022Q2 SGMD Prepaid Deposit Current
PrepaidDepositCurrent
124488 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4719 usd
CY2022Q2 SGMD Prepaid Inventory Current
PrepaidInventoryCurrent
47708 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
28755 usd
CY2022Q4 SGMD Other Asset
OtherAsset
6888 usd
CY2022Q2 SGMD Other Asset
OtherAsset
8872 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
389438 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
185787 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4278184 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4336552 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
766233 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
678775 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3464845 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3657777 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
84880 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
68702 usd
CY2022Q4 us-gaap Goodwill
Goodwill
757648 usd
CY2022Q2 us-gaap Goodwill
Goodwill
757648 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2048860 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1989525 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1514423 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1460260 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
283540 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
278370 usd
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
250898 usd
CY2022Q2 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
250898 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2048860 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1989525 usd
CY2017Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
227000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
883276 usd
CY2022Q2 us-gaap Deposit Assets
DepositAssets
951664 usd
CY2022Q2 us-gaap Deposit Assets
DepositAssets
951664 usd
CY2022Q4 us-gaap Deposits Assets
DepositsAssets
306767 usd
SGMD Customer Deposite Revenue Recognized
CustomerDepositeRevenueRecognized
-375155 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
883276 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
420878 usd
CY2022Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
473799 usd
CY2022Q4 SGMD Number Of Credit Cards
NumberOfCreditCards
8 integer
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2572640 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1561364 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
891604 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1185079 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4489332 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
5521284 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
1264186 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
325234 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
5521284 usd
SGMD Derivative Liabilities Additions
DerivativeLiabilitiesAdditions
175091 usd
SGMD Derivative Liabilities Mark To Market
DerivativeLiabilitiesMarkToMarket
-1274027 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
4422348 usd
CY2022Q4 SGMD Fair Value Of Warrants Liability
FairValueOfWarrantsLiability
1116 usd
CY2022Q2 SGMD Fair Value Of Warrants Liability
FairValueOfWarrantsLiability
3100 usd
CY2022Q4 SGMD Fair Value Of Warrants Cost
FairValueOfWarrantsCost
560680 usd
CY2022Q2 SGMD Fair Value Of Warrants Cost
FairValueOfWarrantsCost
0 usd
CY2022Q4 us-gaap Loans Payable
LoansPayable
1703639 usd
CY2022Q4 us-gaap Loans Payable Current
LoansPayableCurrent
967381 usd
CY2022Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
736257 usd
CY2022Q2 us-gaap Loans Payable
LoansPayable
1761214 usd
CY2022Q2 us-gaap Loans Payable Current
LoansPayableCurrent
935975 usd
CY2022Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
825239 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
273941 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
163831 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10000000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10010000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11980144738 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11980144738 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11825389576 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11825389576 shares
us-gaap Operating Lease Payments
OperatingLeasePayments
131124 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2022Q4 SGMD Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
155966 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
199163 usd
CY2022Q4 SGMD Operating Lease Assets
OperatingLeaseAssets
355129 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
166483 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
218624 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
385108 usd
CY2022Q4 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
196424 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
175026 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
59506 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
430956 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45848 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
385108 usd
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="xdx_808_eus-gaap--LossContingencyDisclosures_zBEwrS3UW8O8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>29. <span id="xdx_82F_zaDugFJZx0Ik">Contingent Liabilities and Commitment</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 28, 2022, Lemon Glow Company, Inc. (“Lemon Glow”), a wholly owned subsidiary of Sugarmade, Inc. (the “Company”) and Cannabis Global, Inc. (“Cannabis Global”) entered into a Cultivation and Supply Agreement (the “Agreement”). Cannabis Global owns a majority stake of Natural Plant Extract of California, Inc. which operates a licensed cannabis manufacturing and distribution operation in Lynwood, California.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Agreement provides that during the Spring 2022 cannabis cultivation season, Lemon Glow will outsource the cultivation of cannabis to licensed growers in Lake County, California; oversee and co-manage the cultivation; and sell cannabis to Cannabis Global conforming to its specifications. Lemon Glow will cultivate only the cannabis chemovars (commonly called “strains”) approved by Cannabis Global. The cultivation will be conducted in accordance with regulations adopted by California’s Department of Cannabis Control; Lake County, California; and other state and local governmental entities that may have legal jurisdiction over the cultivation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under the terms of the Agreement, Lemon Glow will present a cultivation, harvest, and processing plan to Cannabis Global by May 15, 2022 (the “Plan”). Lemon Glow will begin executing the Plan as soon as practicable thereafter with the harvest expected to occur mid-October 2022 (the “Harvest”). The Harvest will be stored as “Fresh Frozen” cannabis. Fresh Frozen cannabis is immediately flash frozen upon harvest, instead of the traditional process of drying and curing cannabis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90C_ecustom--CultivationAndSupplyAgreementDescription_c20220426__20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__srt--RangeAxis__srt--MaximumMember_zZm70oTNh7vk" title="Obligation purchase, description">Under the terms of the Agreement, Cannabis Global is obligated to purchase the Harvest, up to 25,000 pounds (the “Target Yield”). Cannabis Global has an option to increase the Target Yield for subsequent growing seasons by 25% within 45 days of the current Harvest. Cannabis Global is required to pay Lemon Glow $28.00 per pound for the Fresh Frozen cannabis, up to the Target Yield. If the Target Yield is achieved, the aggregate purchase price would be $700,000 (the “Purchase Price”). The Purchase Price shall be paid as a series of cash payments and a convertible promissory note, as more fully described below</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The cash portion of the Purchase Price will be paid in cash as five $<span id="xdx_904_eus-gaap--DebtInstrumentPeriodicPayment_c20220426__20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember_zPQdnhBgpqX7" title="Debt periodic payment">40,000</span> <span id="xdx_908_eus-gaap--DebtInstrumentFrequencyOfPeriodicPayment_c20220426__20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember_zjHQJFtWREui" title="Frequency of periodic payment, descriptions">monthly installments</span> due on the 15th of each month, commencing May 15, 2022, and a final balloon payment of up to $<span id="xdx_90B_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_c20221015__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__srt--RangeAxis__srt--MaximumMember_zqulTxenlB34" title="Balloon payment to be paid">100,000 </span>on October 15, 2022, depending on the size of the Harvest.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The other portion of the Purchase Price is a $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_iI_c20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zogd8Tppsle7" title="Debt instrument, face amount">400,000</span> convertible promissory note due <span id="xdx_904_eus-gaap--DebtInstrumentMaturityDate_c20220426__20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zbfotyit1sIi" title="Debt maturity date">April 28, 2023</span>, bearing <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zfcetx0SGYPf" title="Debt interest rate">8</span>% interest per year was irrevocably issued to Lemon Glow on April 28, 2022 (the “Convertible Note”). <span id="xdx_90E_eus-gaap--DebtConversionOriginalDebtTypeOfDebt_c20220426__20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zZ96tzGTnzrf" title="Debt conversion, descriptions">At any time after 90 days of issuance, the Convertible Note is convertible by Lemon Glow into Cannabis Global common stock at 75% of the 10-day average closing price prior to conversion (the “Discount Price”). Interest paid on the Convertible Note is also convertible by Lemon Glow into Cannabis Global common stock at the Discount Price. Lemon Glow may not convert any amount due under the Convertible Note if, after giving effect to such conversion, Lemon Glow would beneficially own in excess of 4.99% of Cannabis Global’s outstanding common stock; provided, however, that Lemon Glow may waive this limitation on 61 days advanced notice.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Events of default include, but are not limited to, failure to pay principal or interest; failure of Cannabis Global common stock to remain listed for trading on OTC Markets or a principal U.S. national securities exchange for a period of five trading days; notice to Lemon Glow that Cannabis Global cannot or will refuse to convert principal or interest into common stock; failure by Cannabis Global to convert principal or interest into common stock not remedied for three days; any default on other indebtedness in excess of $<span id="xdx_909_ecustom--Indebtedness_c20220426__20220428__us-gaap--TypeOfArrangementAxis__custom--CultivationAndSupplyAgreementMember__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_z93d6NeTdnEa" title="Debt indebtedness">100,000</span>; any default causing acceleration under another Cannabis Global debt obligation; the occurrence of certain bankruptcy and insolvency events; and the failure of Cannabis Global to instruct the transfer agent to remove restrictive legends when converted common stock becomes eligible for resale under Rule 144 of the Securities Act of 1933, as amended.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon an event of default, Lemon Glow may declare the entire unpaid principal and interest due to be payable immediately; convert the unpaid principal and interest due at the Conversion Price; or exercise such other rights as Lemon Glow may have under the Convertible Note, the Agreement, other transaction documents or applicable law. Lemon Glow may transfer, sell, pledge, hypothecate or otherwise grant a security interest in the Convertible Note, subject to certain specified restrictions. The choice of law provision provides for Nevada law to govern the Convertible Note.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership of harvested cannabis will transfer to Cannabis Global upon receipt of the cannabis or upon Lemon Glow notifying Cannabis Global that it has packaged the Target Yield (the “Completion Notice”). Upon receipt of the Completion Notice, Cannabis Global has 30 days to pick up the Target Yield. If Cannabis Global has not taken possession of the cannabis within 30 days, Cannabis Global will become responsible for the ongoing cost of storage, including utilities and labor. Cannabis Global is obligated to use its best efforts to take possession of the entire Harvest within 180 days. After the 180-day period, any remaining amounts of the Harvest not picked up by Cannabis Global are considered abandoned by Cannabis Global and will become Lemon Glow’s property.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under the terms of the Agreement, Lemon Glow warrants it shall have good title, right and authority to sell all of the cannabis, free and clear of all liens, encumbrances and restrictions of any kind. The parties agree to maintain in confidence all matters and activities relating to or undertaken pursuant to the Agreement. The Agreement contains a cross-indemnification and hold harmless provision, which includes attorney fees. The Agreement is non-assignable without mutual consent. Upon the expiration of a 15-day notice period commencing upon receipt of a notice of default which remains uncured, the non-defaulting party may immediately terminate the Agreement, seek equitable relief and damages, or cure such default at the defaulting party’s expense. The Agreement also includes an appendix forecasting future cannabis harvests. The forecasts are not legally binding upon the parties, but the parties have agreed in principle to use them when entering into renewals or new similar agreements for subsequent growing seasons. The choice of law provision provides for California law to govern the Agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Contingent Liabilities</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The company fully recognize the legal liability as account payable and accrued liabilities. Please referred to Note 17. Accounts Payable and Accrued Liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>

Files In Submission

Name View Source Status
0001493152-23-005697-index-headers.html Edgar Link pending
0001493152-23-005697-index.html Edgar Link pending
0001493152-23-005697.txt Edgar Link pending
0001493152-23-005697-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm 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
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
form10-q_htm.xml Edgar Link completed
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
report.css Edgar Link pending
sgmd-20221231.xsd Edgar Link pending
Show.js Edgar Link pending
sgmd-20221231_def.xml Edgar Link unprocessable
sgmd-20221231_lab.xml Edgar Link unprocessable
sgmd-20221231_pre.xml Edgar Link unprocessable
sgmd-20221231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable