2022 Q3 Form 10-K Financial Statement

#000118518522001238 Filed on October 31, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $51.94K $104.7K $104.6K
YoY Change -46.52%
Cost Of Revenue $27.50K $1.588M $1.588M
YoY Change 588214.81% 1000.65%
Gross Profit $24.44K -$1.484M -$1.484M
YoY Change 549455.56% -2989.59%
Gross Profit Margin 47.05% -1417.87% -1417.9%
Selling, General & Admin $152.7K $3.250M $3.250M
YoY Change -48.78% 1926.24% 1002.13%
% of Gross Profit 624.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.476K $5.910K $5.905K
YoY Change
% of Gross Profit 6.04%
Operating Expenses $152.7K $3.250M $3.250M
YoY Change -48.78% 1926.25% 1002.13%
Operating Profit -$128.2K -$4.734M -$4.734M
YoY Change -56.98% 2846.29% 1843.71%
Interest Expense $64.54K -$190.9K $190.9K
YoY Change -294.16% 844.16% -848.98%
% of Operating Profit
Other Income/Expense, Net -$64.53K $70.00 -$190.8K
YoY Change -161432.5% 648.56%
Pretax Income -$192.8K -$4.925M -$4.925M
YoY Change -41.81% 2622.47% 1730.49%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$192.8K -$4.866M -$4.925M
YoY Change -41.81% 2589.97% 1730.49%
Net Earnings / Revenue -371.12% -4649.93% -4706.19%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$230.70 -$230.70
COMMON SHARES
Basic Shares Outstanding 21.09B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.57K $62.64K $62.64K
YoY Change -51.05% -84.19% -84.19%
Cash & Equivalents $74.57K $62.64K
Short-Term Investments
Other Short-Term Assets $16.97K $16.96K $16.96K
YoY Change -85.66% -7.32% -7.32%
Inventory $121.5K $116.1K $116.1K
Prepaid Expenses
Receivables $645.00 $918.00 $920.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $213.7K $196.6K $196.6K
YoY Change -39.16% -59.33% -59.33%
LONG-TERM ASSETS
Property, Plant & Equipment $22.14K $23.62K $117.5K
YoY Change -84.18% -83.08% -15.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.05K $13.84K $13.84K
YoY Change 1876.57% 1877.14%
Total Long-Term Assets $140.5K $139.6K $139.6K
YoY Change 0.38% -0.03% -0.04%
TOTAL ASSETS
Total Short-Term Assets $213.7K $196.6K $196.6K
Total Long-Term Assets $140.5K $139.6K $139.6K
Total Assets $354.2K $336.1K $336.1K
YoY Change -27.89% -46.05% -46.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.434M $1.438M $1.438M
YoY Change 3586.04% 2412.71% 2412.71%
Accrued Expenses $66.84K $70.90K $70.90K
YoY Change 30.27% 39.93% 39.93%
Deferred Revenue
YoY Change
Short-Term Debt $153.3K $183.9K $183.9K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.781M $2.757M $2.757M
YoY Change 544.31% 537.66% 537.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.132M $1.032M $1.032M
YoY Change 42.84% 77.29% 77.29%
Other Long-Term Liabilities $473.4K $407.1K $407.1K
YoY Change 649.15% 433.78% 433.78%
Total Long-Term Liabilities $1.132M $1.439M $1.439M
YoY Change 32.29% 118.58% 118.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.781M $2.757M $2.757M
Total Long-Term Liabilities $1.132M $1.439M $1.439M
Total Liabilities $4.387M $4.197M $4.138M
YoY Change 240.74% 284.71% 279.32%
SHAREHOLDERS EQUITY
Retained Earnings -$8.604M -$8.422M
YoY Change 136.86%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.964M -$3.802M -$3.802M
YoY Change
Total Liabilities & Shareholders Equity $354.2K $336.1K $336.1K
YoY Change -27.89% -46.05% -46.05%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$192.8K -$4.866M -$4.925M
YoY Change -41.81% 2589.97% 1730.49%
Depreciation, Depletion And Amortization $1.476K $5.910K $5.905K
YoY Change
Cash From Operating Activities -$143.2K -$160.9K -$1.480M
YoY Change -68.8% -30.7% 349.48%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $16.85K
YoY Change -100.0% -100.0% -233.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$16.85K
YoY Change -100.0% -100.0% 33.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $97.50K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $155.1K 117.1K $1.163M
YoY Change -32.02% -80.98% 57.62%
NET CHANGE
Cash From Operating Activities -$143.2K -160.9K -$1.480M
Cash From Investing Activities $0.00 0.000 -$16.85K
Cash From Financing Activities $155.1K 117.1K $1.163M
Net Change In Cash $11.93K -43.82K -$333.7K
YoY Change -104.89% -111.81% -184.26%
FREE CASH FLOW
Cash From Operating Activities -$143.2K -$160.9K -$1.480M
Capital Expenditures $0.00 $0.00 $16.85K
Free Cash Flow -$143.2K -$160.9K -$1.497M
YoY Change -67.91% -26.7% 372.79%

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The purchase price shall be paid as follows: (i) $1,000,000 on execution of the Agreement, (ii) $2,000,000 within 60 days thereof and (iii) the remainder by April 10, 2022. The Agreement is subject to customary closing conditions, including, satisfactory due diligence.
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Estimates</b></p><p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of the financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Significant estimates include accounting for potential liabilities and the assumptions made in valuing stock instruments issued for services, debt and equity investment. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
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CY2022Q2 aagh Number Of Unrelated Parties
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CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
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CY2022Q2 us-gaap Stock Issued During Period Shares Issued For Services
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CY2022Q2 aagh Number Of Unrelated Parties
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1 pure
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CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
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CY2022Q1 us-gaap Debt Instrument Face Amount
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0.075
CY2022Q1 us-gaap Stock Issued During Period Value Other
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CY2021Q2 us-gaap Long Term Debt Maturities Repayment Terms
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During the investment period, if the stock can be normally traded in the stock market, and the market value of this part of AAGH stock exceeds the principal and interest of loan for 30 consecutive trading days. The remaining principal and interest of loan will be forgiven.
CY2021Q2 us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
During the investment period, if the stock can be normally traded in the stock market, and the market value of this part of AAGH stock exceeds the principal and interest of loan for 30 consecutive trading days. The remaining principal and interest of loan will be forgiven.
CY2021Q2 us-gaap Proceeds From Convertible Debt
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20000 usd
CY2021Q2 us-gaap Proceeds From Convertible Debt
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30000 usd
CY2021Q2 us-gaap Stock Issued During Period Shares Other
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200000 shares
CY2021Q4 us-gaap Stock Issued During Period Shares Other
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240000 shares
CY2021Q4 aagh Stock Shares Not Yet Issued
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CY2021Q2 us-gaap Debt Instrument Face Amount
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100000 usd
CY2021Q2 us-gaap Stock Issued During Period Shares Other
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CY2021Q4 us-gaap Long Term Debt Maturities Repayment Terms
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During the investment period, if the stock can be normally traded in the stock market, and the market value of this part of AAGH stock exceeds the principal and interest of loan for 30 consecutive trading days. The remaining principal and interest of loan will be forgiven.
CY2021Q4 us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
During the investment period, if the stock can be normally traded in the stock market, and the market value of this part of AAGH stock exceeds the principal and interest of loan for 30 consecutive trading days. The remaining principal and interest of loan will be forgiven.
CY2021Q4 us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
During the investment period, if the stock can be normally traded in the stock market, and the market value of this part of AAGH stock exceeds the principal and interest of loan for 30 consecutive trading days. The remaining principal and interest of loan will be forgiven.
CY2022Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
295000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
15000000 shares
CY2022 aagh Unified Corporate Income Tax Rate
UnifiedCorporateIncomeTaxRate
0.25 pure
CY2022 aagh Corporate Income Tax Rate For Qualified High Technology And Science Enterprises
CorporateIncomeTaxRateForQualifiedHighTechnologyAndScienceEnterprises
0.15 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
23278 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
97219 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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3333 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.07 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.07 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5920531 usd
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
995595 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
995595 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
33041 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
74975 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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97219 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
93886 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
70895 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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22991 usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001098009
CY2021Q4 dei Entity Public Float
EntityPublicFloat
0 usd
CY2022 dei No Trading Symbol Flag
NoTradingSymbolFlag
true

Files In Submission

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