2023 Q1 Form 10-Q Financial Statement
#000149315223004371 Filed on February 13, 2023
Income Statement
Concept | 2023 Q1 | 2020 Q3 | 2020 Q2 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $40.00K | ||
YoY Change | 33.51% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $35.56K | $16.32K | |
YoY Change | 18.68% | -98.34% | |
Operating Profit | -$16.32K | ||
YoY Change | -98.34% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$35.56K | -$16.32K | |
YoY Change | 18.68% | -98.34% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$35.56K | -$16.32K | |
YoY Change | 18.68% | -98.34% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | $0.00 |
Diluted Earnings Per Share | $0.00 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 604.0M shares | 604.0M shares | 604.0M shares |
Diluted Shares Outstanding | 604.0M shares |
Balance Sheet
Concept | 2023 Q1 | 2020 Q3 | 2020 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $0.00 | ||
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | ||
YoY Change | -100.0% | ||
Inventory | $168.3K | $168.3K | |
Prepaid Expenses | $36.44K | $36.44K | |
Receivables | $4.604K | $4.604K | |
Other Receivables | $381.0K | $381.0K | |
Total Short-Term Assets | $2.158M | $2.158M | |
YoY Change | 97.06% | 73.73% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $810.7K | $810.7K | |
YoY Change | 24.0% | 17.12% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | ||
YoY Change | |||
Total Long-Term Assets | $0.00 | $1.615M | $1.615M |
YoY Change | 147.05% | 133.34% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.158M | $2.158M | |
Total Long-Term Assets | $0.00 | $1.615M | $1.615M |
Total Assets | $3.773M | $3.773M | |
YoY Change | 115.75% | 95.07% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $105.4K | $105.4K | |
YoY Change | -6.86% | 141.87% | |
Accrued Expenses | $10.00K | ||
YoY Change | -99.41% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $90.00K | ||
YoY Change | -98.09% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $98.48K | $7.496M | $7.479M |
YoY Change | -98.7% | 41.1% | 62.22% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $796.8K | $796.8K |
YoY Change | -100.0% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $98.48K | $7.496M | $7.479M |
Total Long-Term Liabilities | $0.00 | $796.8K | $796.8K |
Total Liabilities | $98.48K | $8.292M | $8.276M |
YoY Change | -98.82% | 56.1% | 79.5% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.034M | -$5.522M | -$5.506M |
YoY Change | |||
Common Stock | $604.0K | $604.0K | $604.0K |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$98.48K | -$4.520M | -$4.503M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.773M | $3.773M | |
YoY Change | 115.75% | 95.07% |
Cashflow Statement
Concept | 2023 Q1 | 2020 Q3 | 2020 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$35.56K | -$16.32K | |
YoY Change | 18.68% | -98.34% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$26.96K | ||
YoY Change | -15.31% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $26.96K | ||
YoY Change | -15.31% | ||
NET CHANGE | |||
Cash From Operating Activities | -$26.96K | ||
Cash From Investing Activities | |||
Cash From Financing Activities | $26.96K | ||
Net Change In Cash | $0.00 | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$26.96K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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|
-4503208 | usd |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16315 | usd |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16315 | usd |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4519523 | usd |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4519523 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16315 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2955111 | usd | |
us-gaap |
Depreciation
Depreciation
|
83973 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-729 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-891 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-145898 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
118292 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-26816 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
-1644445 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
160247 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
74597 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
3135192 | usd | |
us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
1689 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
13021 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-16315 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1892143 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
165610 | usd | |
SSDT |
Loans Repaid By Third Parties
LoansRepaidByThirdParties
|
21885 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-143725 | usd | |
SSDT |
Cash Effect Of Reverse Acquisition
CashEffectOfReverseAcquisition
|
-408 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
16315 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1590283 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
16315 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1589875 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-9834 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
148708 | usd | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1539946 | usd |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
177566 | usd |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1539946 | usd |
CY2019Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
326275 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_848_eus-gaap--UseOfEstimates_zKdayzxBdO78" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86B_zYBhCR5jBao1">Use of Estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount, and the estimated useful lives of long-lived assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.50 | pure | |
CY2020Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1539946 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16315 | usd | |
CY2020Q3 | SSDT |
Working Capital
WorkingCapital
|
5337989 | usd |
CY2020Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-5521910 | usd |
CY2020Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2020Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2020Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
603970000 | shares |
CY2020Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
603970000 | shares |