2023 Q2 Form 10-Q Financial Statement

#000166357723000198 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $573.4K $298.4K $1.800M
YoY Change 123.98% -83.42% 2150.0%
Cost Of Revenue $812.1K $912.0K $686.6K
YoY Change -5.84% 32.84% 128.86%
Gross Profit -$238.7K -$613.6K $1.113M
YoY Change -60.64% -155.11% -606.1%
Gross Profit Margin -41.62% -205.61% 61.86%
Selling, General & Admin $405.5K $379.6K $663.0K
YoY Change 9.57% -42.74% -6.62%
% of Gross Profit 59.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $741.8K $1.108K $699.9K
YoY Change -15.29% -99.84% 136.34%
% of Gross Profit 62.86%
Operating Expenses $405.5K -$450.1K $663.0K
YoY Change -196.25% -167.9% -6.62%
Operating Profit -$644.2K -$1.064M $450.4K
YoY Change -37.32% -336.16% -148.43%
Interest Expense $340.00 $79.00 $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$643.8K -$1.064M $450.4K
YoY Change -44.96% -336.15% -142.9%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$647.7K -$1.064M $450.4K
YoY Change -44.62% -336.15% -145.04%
Net Earnings / Revenue -112.97% -356.41% 25.02%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $1.523K
COMMON SHARES
Basic Shares Outstanding 1.066B shares 692.7M shares 248.4M shares
Diluted Shares Outstanding 1.067B shares 728.7M shares 298.3M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $134.9K $165.9K $131.7K
YoY Change -63.73% 26.0% -40.16%
Cash & Equivalents $134.9K $165.9K $131.7K
Short-Term Investments
Other Short-Term Assets $2.370K $9.480K $24.48K
YoY Change 1.72% -61.27% 144.8%
Inventory
Prepaid Expenses $2.370K $9.480K
Receivables $310.0K $60.00K
Other Receivables $0.00 $300.0K
Total Short-Term Assets $447.2K $535.4K $1.172M
YoY Change 17.01% -54.34% 139.28%
LONG-TERM ASSETS
Property, Plant & Equipment $815.6K $10.47K $1.036M
YoY Change 5808.64% -98.99% 509.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.24K $45.24K $2.411M
YoY Change -97.54% -98.12% 40.17%
Total Long-Term Assets $2.844M $3.652M $6.072M
YoY Change -55.82% -39.86% 34.64%
TOTAL ASSETS
Total Short-Term Assets $447.2K $535.4K $1.172M
Total Long-Term Assets $2.844M $3.652M $6.072M
Total Assets $3.291M $4.187M $7.245M
YoY Change -51.74% -42.2% 44.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $127.2K $131.9K $147.4K
YoY Change -61.92% -10.55% 34.04%
Accrued Expenses $251.9K $237.7K $177.5K
YoY Change 9.99% 33.96% 153.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.110M $1.319M $1.231M
YoY Change -32.55% 7.15% 146.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $669.0K $740.7K $903.0K
YoY Change -27.35% -17.97% 8929.7%
Total Long-Term Liabilities $669.0K $740.7K $903.0K
YoY Change -27.35% -17.97% 8929.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.110M $1.319M $1.231M
Total Long-Term Liabilities $669.0K $740.7K $903.0K
Total Liabilities $1.780M $2.059M $2.134M
YoY Change -30.68% -3.48% 318.36%
SHAREHOLDERS EQUITY
Retained Earnings -$11.72M -$11.07M
YoY Change 40.04%
Common Stock $13.25M $13.25M
YoY Change 2.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.512M $2.128M $5.111M
YoY Change
Total Liabilities & Shareholders Equity $3.291M $4.187M $7.245M
YoY Change -51.74% -42.2% 44.9%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$647.7K -$1.064M $450.4K
YoY Change -44.62% -336.15% -145.04%
Depreciation, Depletion And Amortization $741.8K $1.108K $699.9K
YoY Change -15.29% -99.84% 136.34%
Cash From Operating Activities $197.7K -$442.6K -$270.2K
YoY Change -53.06% 63.83% -90.85%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -228.8K 588.2K 231.1K
YoY Change -331.31% 154.5% -69.43%
NET CHANGE
Cash From Operating Activities 197.7K -442.6K -270.2K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities -228.8K 588.2K 231.1K
Net Change In Cash -31.04K 145.6K -39.02K
YoY Change -112.93% -473.24% -95.09%
FREE CASH FLOW
Cash From Operating Activities $197.7K -$442.6K -$270.2K
Capital Expenditures $0.00 $0.00
Free Cash Flow $197.7K -$270.2K
YoY Change -71.8% -93.8%

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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
5111121 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3116197 usd
CY2023Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
4865 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
4021948 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
146475 usd
ABQQ Series C Preferred Shares Issued Amount
SeriesCPreferredSharesIssuedAmount
69000 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
10629 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
158371 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
2128094 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2278329 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-602944 usd
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
158371 usd
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
227122 usd
us-gaap Depreciation
Depreciation
2224 usd
us-gaap Depreciation
Depreciation
26600 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1779243 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1373134 usd
ABQQ Non Cash Dividend Expense For Preferred Shares
NonCashDividendExpenseForPreferredShares
10629 usd
ABQQ Non Cash Dividend Expense For Preferred Shares
NonCashDividendExpenseForPreferredShares
2839 usd
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
17167 usd
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
71430 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
60000 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
1439 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
120000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-346255 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3555 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
10912 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-28733 usd
us-gaap Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
243276 usd
us-gaap Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
1604065 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-161909 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
29160 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-15127 usd
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-54968 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2715 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-664737 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-916153 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
146475 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
345121 usd
ABQQ Proceeds From Preferred Share C Issuances
ProceedsFromPreferredShareCIssuances
69000 usd
ABQQ Proceeds From Preferred Share C Issuances
ProceedsFromPreferredShareCIssuances
366985 usd
ABQQ Proceeds From Preferred Share D Issuances
ProceedsFromPreferredShareDIssuances
187000 usd
us-gaap Increase Decrease In Due To Officers And Stockholders
IncreaseDecreaseInDueToOfficersAndStockholders
530923 usd
us-gaap Increase Decrease In Due To Officers And Stockholders
IncreaseDecreaseInDueToOfficersAndStockholders
16448 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
746398 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
915554 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
81661 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-599 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84223 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
132253 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
165884 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
131654 usd
ABQQ Transfer From Purchase Depositt To Intangible Assets
TransferFromPurchaseDeposittToIntangibleAssets
461724 usd
ABQQ Transfer From Purchase Deposit To Other Receivable
TransferFromPurchaseDepositToOtherReceivable
420000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1080156 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zNetHmyeNVBd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2022Q1 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
50000000 usd
us-gaap Reclassifications
Reclassifications
<p id="xdx_847_eus-gaap--Reclassifications_z8NznupW5XPj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Reclassification</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 ABQQ Retained Earnings Accumulated Deficit Estimated
RetainedEarningsAccumulatedDeficitEstimated
11100000 usd
CY2022Q1 us-gaap Capital
Capital
800000 usd
ABQQ Net Income Loss Estimated
NetIncomeLossEstimated
2300000 usd
ABQQ Net Cash Used In Operations Approximate
NetCashUsedInOperationsApproximate
700000 usd
us-gaap Depreciation
Depreciation
2224 usd
us-gaap Depreciation
Depreciation
26600 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
880904816 shares
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
146304 usd
CY2022Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
146304 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
25974 usd
CY2022Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
25974 usd
CY2023Q1 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
172278 usd
CY2022Q3 us-gaap Property Plant And Equipment Owned Gross
PropertyPlantAndEquipmentOwnedGross
172278 usd
CY2023Q1 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
161807 usd
CY2022Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
159583 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10471 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12695 usd
CY2023Q1 ABQQ Total Cost
TotalCost
9018798 usd
CY2022Q3 ABQQ Total Cost
TotalCost
8313798 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-6294759 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-4515516 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2724039 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3798282 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1779243 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1373134 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
2191745 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
532294 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
2724039 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
142936 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
124551 usd
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
384512583 shares
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
10629 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
872345 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1004018 usd
CY2023Q1 us-gaap Deferred Costs Leasing Net Current
DeferredCostsLeasingNetCurrent
237708 usd
CY2022Q3 us-gaap Deferred Costs Leasing Net Current
DeferredCostsLeasingNetCurrent
229813 usd
CY2023Q1 us-gaap Deferred Costs Leasing Net Noncurrent
DeferredCostsLeasingNetNoncurrent
740744 usd
CY2022Q3 us-gaap Deferred Costs Leasing Net Noncurrent
DeferredCostsLeasingNetNoncurrent
863145 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
978452 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1092958 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M4D
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
244725 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
259176 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
252954 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFive
236005 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
992860 usd
CY2023Q1 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
14408 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
978452 usd
CY2023Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
908321 usd
CY2022Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
377398 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
2839 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1804421 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1328204 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1804421 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1328204 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1804421 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1328204 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.21 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
0 usd
CY2023Q1 ABQQ Hong Kong Deposit Protection
HongKongDepositProtection
64000 usd
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
139804 usd
CY2022Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
70602 usd
CY2023Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q1 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
26080 usd
CY2022Q3 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
13621 usd
us-gaap Revenues
Revenues
535251 usd
us-gaap Revenues
Revenues
1800000 usd
us-gaap Cost Of Revenue
CostOfRevenue
1857951 usd
us-gaap Cost Of Revenue
CostOfRevenue
1373134 usd
us-gaap Gross Profit
GrossProfit
-1322700 usd
us-gaap Gross Profit
GrossProfit
426866 usd
us-gaap Interest Expense
InterestExpense
158 usd
us-gaap Depreciation
Depreciation
2224 usd
us-gaap Depreciation
Depreciation
26600 usd
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
4187459 usd
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
7244749 usd
ABQQ Segment Income Loss
SegmentIncomeLoss
-2278329 usd
ABQQ Segment Income Loss
SegmentIncomeLoss
-602944 usd
CY2023Q1 us-gaap Revenues
Revenues
298439 usd
CY2022Q1 us-gaap Revenues
Revenues
1800000 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
912048 usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
686567 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
-613609 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
1113433 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
79 usd
CY2023Q1 us-gaap Depreciation
Depreciation
1108 usd
CY2022Q1 us-gaap Depreciation
Depreciation
13300 usd
CY2023Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
4187459 usd
CY2022Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
7244749 usd
CY2023Q1 ABQQ Segment Income Loss
SegmentIncomeLoss
-1068539 usd
CY2022Q1 ABQQ Segment Income Loss
SegmentIncomeLoss
449101 usd

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