$AMST
Amesite Inc. Stock $amst

$amst Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000121390024041800 Filed on May 10, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$27.84K	$34.26K	$204.6K
YoY Change	-76.8%	-83.25%	-2.35%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$1.238M	$1.274M	$870.7K
YoY Change	11.5%	46.35%	-64.05%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$119.5K	$122.1K	$163.3K
YoY Change	-20.34%	-25.19%	-32.02%
% of Gross Profit
Operating Expenses	$1.238M	$1.498M	$1.150M
YoY Change	11.5%	30.26%	-52.51%
Operating Profit		-$1.464M	-$945.5K
YoY Change		54.82%	-57.26%
Interest Expense	$28.83K	$37.87K	$17.48K
YoY Change	-27.93%	116.65%	-555.21%
% of Operating Profit
Other Income/Expense, Net	$0.00		$816.00
YoY Change
Pretax Income	-$1.181M	-$1.426M	-$928.0K
YoY Change	24.31%	53.65%	-58.12%
Income Tax
% Of Pretax Income
Net Earnings	-$1.181M	-$1.426M	-$928.0K
YoY Change	24.31%	53.65%	-58.12%
Net Earnings / Revenue	-4241.99%	-4161.91%	-453.59%
Basic Earnings Per Share		-$0.56	-$0.37
Diluted Earnings Per Share	-$0.46	-$0.56	-$0.37
COMMON SHARES
Basic Shares Outstanding	2.542M shares	2.542M shares	30.40M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.071M	$2.973M	$6.129M
YoY Change	-61.36%	-51.5%	-31.18%
Cash & Equivalents	$2.071M	$2.973M	$6.129M
Short-Term Investments
Other Short-Term Assets	$503.5K	$180.2K	$174.0K
YoY Change	357.72%	3.54%	-69.19%
Inventory
Prepaid Expenses
Receivables	$30.06K		$43.75K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.605M	$3.153M	$6.346M
YoY Change	-52.49%	-50.32%	-33.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$64.78K	$71.12K	$73.73K
YoY Change	-27.18%	-3.54%	-19.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$709.6K	$682.0K	$922.0K
YoY Change	-18.19%	-26.03%	-28.81%
TOTAL ASSETS
Total Short-Term Assets	$2.605M	$3.153M	$6.346M
Total Long-Term Assets	$709.6K	$682.0K	$922.0K
Total Assets	$3.314M	$3.835M	$7.268M
YoY Change	-47.81%	-47.24%	-32.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$48.91K	$63.01K	$94.49K
YoY Change	-30.2%	-33.32%	-77.12%
Accrued Expenses	$749.6K	$146.9K	$110.7K
YoY Change	435.4%	32.66%	-46.45%
Deferred Revenue			$106.0K
YoY Change			-51.65%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$798.5K	$211.7K	$311.2K
YoY Change	200.94%	-31.95%	-62.9%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$798.5K	$211.7K	$311.2K
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$798.5K	$211.7K	$311.2K
YoY Change	195.73%	-31.95%	-62.9%
SHAREHOLDERS EQUITY
Retained Earnings	-$37.83M	-$36.65M	-$32.48M
YoY Change	13.17%	12.84%
Common Stock	$255.00	$255.00	$255.00
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.516M	$3.623M	$6.957M
YoY Change
Total Liabilities & Shareholders Equity	$3.314M	$3.835M	$7.268M
YoY Change	-47.81%	-47.24%	-32.55%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$1.181M	-$1.426M	-$928.0K
YoY Change	24.31%	53.65%	-58.12%
Depreciation, Depletion And Amortization	$119.5K	$122.1K	$163.3K
YoY Change	-20.34%	-25.19%	-32.02%
Cash From Operating Activities	-$654.4K	-$581.5K	-$746.9K
YoY Change	-2.33%	-22.15%	-41.46%
INVESTING ACTIVITIES
Capital Expenditures	$147.1K	$109.4K	$115.7K
YoY Change	33.73%	-5.44%	-246.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$147.1K	-$109.4K	-$115.7K
YoY Change	33.73%	-5.44%	46.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	0.000	0.000	0.000
YoY Change			-100.0%
NET CHANGE
Cash From Operating Activities	-654.4K	-581.5K	-746.9K
Cash From Investing Activities	-147.1K	-109.4K	-115.7K
Cash From Financing Activities	0.000	0.000	0.000
Net Change In Cash	-801.5K	-690.9K	-862.6K
YoY Change	2.76%	-19.9%	-174.71%
FREE CASH FLOW
Cash From Operating Activities	-$654.4K	-$581.5K	-$746.9K
Capital Expenditures	$147.1K	$109.4K	$115.7K
Free Cash Flow	-$801.5K	-$690.9K	-$862.6K
YoY Change	2.76%	-19.9%	-27.93%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued		shares
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding		shares
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.37
CY2024Q1	us-gaap	Other Expenses OtherExpenses		usd
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Type DocumentType	10-Q
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2542440	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2542440	shares
	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-39553
	dei	Entity Registrant Name EntityRegistrantName	AMESITE INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	82-3431718
	dei	Entity Address Address Line1 EntityAddressAddressLine1	607 Shelby Street
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 700 PMB 214
	dei	Entity Address City Or Town EntityAddressCityOrTown	Detroit
	dei	Entity Address State Or Province EntityAddressStateOrProvince	MI
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	48226
	dei	City Area Code CityAreaCode	(734)
	dei	Local Phone Number LocalPhoneNumber	876-8130
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.0001
	dei	Trading Symbol TradingSymbol	AMST
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	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	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	2542440	shares
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2972531	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5360661	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	15000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	180155	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	106679	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	3152686	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	5482340	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	71121	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	88966	usd
CY2024Q1	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	610881	usd
CY2023Q2	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	778446	usd
CY2024Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	682002	usd
CY2023Q2	us-gaap	Assets Noncurrent AssetsNoncurrent	867412	usd
CY2024Q1	us-gaap	Assets Assets	3834688	usd
CY2023Q2	us-gaap	Assets Assets	6349752	usd
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	63008	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	70070	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	63600	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	64500	usd
CY2024Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1875	usd
CY2023Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	53958	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	83258	usd
CY2023Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	76799	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	211741	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	265327	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2542440	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2542440	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	255	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	255	usd
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	40275227	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	39514489	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-36652535	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-33430319	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	3622947	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	6084425	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3834688	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6349752	usd
CY2024Q1	us-gaap	Revenues Revenues	34261	usd
CY2023Q1	us-gaap	Revenues Revenues	204589	usd
	us-gaap	Revenues Revenues	139037	usd
	us-gaap	Revenues Revenues	722010	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1134867	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	653128	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2016930	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1945796	usd
CY2024Q1	amst	Technology And Content Development TechnologyAndContentDevelopment	223845	usd
CY2023Q1	amst	Technology And Content Development TechnologyAndContentDevelopment	279411	usd
	amst	Technology And Content Development TechnologyAndContentDevelopment	888503	usd
	amst	Technology And Content Development TechnologyAndContentDevelopment	1191273	usd
CY2024Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	139333	usd
CY2023Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	217528	usd
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	603462	usd
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	824669	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	1498045	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	1150067	usd
	us-gaap	Operating Expenses OperatingExpenses	3508895	usd
	us-gaap	Operating Expenses OperatingExpenses	3961738	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1463784	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-945478	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3369858	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3239728	usd
CY2024Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	37872	usd
CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	18297	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	147642	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	36256	usd
CY2023Q1	us-gaap	Other Expenses OtherExpenses	816	usd
	us-gaap	Other Expenses OtherExpenses	1347	usd
CY2024Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	37872	usd
CY2023Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	17481	usd
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	147642	usd
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	34909	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1425912	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-927997	usd
	us-gaap	Net Income Loss NetIncomeLoss	-3222216	usd
	us-gaap	Net Income Loss NetIncomeLoss	-3204819	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.56
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.27
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.31
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2542440	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2528845	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2542440	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2445845	shares
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	8135752	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-1577338	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	61250	usd
CY2022Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1850501	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	175779	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	8645944	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	-699484	usd
CY2022Q4	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	10690	usd
CY2022Q4	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	-77900	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	7879250	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-927997	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	5930	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	6957183	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	6084425	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-890693	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	55098	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	5248830	usd
CY2023Q4	us-gaap	Net Income Loss NetIncomeLoss	-905611	usd
CY2023Q4	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	33133	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	4376352	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1425912	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	672507	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	3622947	usd
	us-gaap	Net Income Loss NetIncomeLoss	-3222216	usd
	us-gaap	Net Income Loss NetIncomeLoss	-3204819	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	414177	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	525631	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	760738	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	103809	usd
	amst	Value Of Common Stock Issued In Exchange For Consulting Services ValueOfCommonStockIssuedInExchangeForConsultingServices	71940	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-15000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	29205	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	73476	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-386086	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-7063	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-27794	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-900	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-92856	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-52083	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-236692	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	6459	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-79595	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2159364	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2583495	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1166	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5554	usd
	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	227600	usd
	us-gaap	Payments To Acquire Software PaymentsToAcquireSoftware	288209	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-228766	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-293763	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1850501	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1850501	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-2388130	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-1026757	usd
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	754592	shares
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5360661	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7155367	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2972531	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6128610	usd
	us-gaap	Nature Of Operations NatureOfOperations	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span><b>Note 1 - Nature of Business and Liquidity</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Amesite Inc. (the “Company”) was incorporated in November 2017. The Company is an artificial intelligence driven platform and course designer, which provides customized, high performance and scalable online products for schools and businesses. The Company uses machine learning to provide a novel, mass customized experience to learners. The Company’s Customers are businesses, universities and colleges, and K-12 schools. The Company’s activities are subject to significant risks and uncertainties. The Company’s operations are considered to be in one segment.</span></p>
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	pure
	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></p>
CY2024Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	657137	usd
CY2024Q1	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	3235709	usd
CY2023Q2	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	2840544	usd
CY2024Q1	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	610881	usd
CY2023Q2	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	778446	usd
CY2023Q2	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	3618990	usd
CY2022Q2	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	3250081	usd
	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	227600	usd
CY2023	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	368909	usd
CY2024Q1	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	3846590	usd
CY2023Q2	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	3618990	usd
CY2023Q2	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	2840544	usd
CY2022Q2	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	2183407	usd
	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	395165	usd
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	139000	usd
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	722000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.24	pure
	us-gaap	Increase Decrease In Commodity Contract Assets And Liabilities IncreaseDecreaseInCommodityContractAssetsAndLiabilities	11250	usd
CY2023	us-gaap	Increase Decrease In Commodity Contract Assets And Liabilities IncreaseDecreaseInCommodityContractAssetsAndLiabilities	0	usd
CY2023Q2	us-gaap	Deferred Revenue DeferredRevenue	53958	usd
CY2022Q2	us-gaap	Deferred Revenue DeferredRevenue	342672	usd
	amst	Billings Deferred Liabilities BillingsDeferredLiabilities	86954	usd
	amst	Billings Deferred Liabilities BillingsDeferredLiabilities	487564	usd
	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	139037	usd
	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	724256	usd
CY2024Q1	us-gaap	Deferred Revenue DeferredRevenue	1875	usd
CY2023Q1	us-gaap	Deferred Revenue DeferredRevenue	105980	usd
	us-gaap	Deferred Income Revenue Recognized DeferredIncomeRevenueRecognized	54000	usd
	us-gaap	Deferred Income Revenue Recognized DeferredIncomeRevenueRecognized	264043	usd
CY2023	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	758079	shares
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span><b><i>Risks and Uncertainties</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company operates in an industry subject to rapid change. The Company’s operations will be subject to significant risk and uncertainties including financial, operational, technological, and other risks associated with an early-stage company, including the potential risk of business failure.</span></p>
	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	48000	usd
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	237041	shares
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	21.73
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y4M20D
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	6355	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	16.47
	amst	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Terminated Term SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerminatedTerm	P4Y11M26D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	2868	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue	28.8
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P6Y10M6D
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	233554	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	21.64
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y8M1D
CY2021Q3	amst	Cash Retainer For Compensation Committee CashRetainerForCompensationCommittee	7500	usd
CY2021Q3	amst	Cash Retainer For Audit Committee CashRetainerForAuditCommittee	10000	usd
CY2024Q1	us-gaap	Deferred Compensation Arrangement With Individual Cash Award Granted Amount DeferredCompensationArrangementWithIndividualCashAwardGrantedAmount	187500	usd
CY2024Q1	us-gaap	Cash Cash	55500	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	331525	shares
CY2024Q1	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	521000	usd
CY2023Q2	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	521000	usd
CY2023	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	2026010	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.949	pure
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0354	pure
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y6M
CY2024Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	25000000	usd
CY2024Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	17000	usd
	amst	Operating Loss Carry Forwards Expiration Term OperatingLossCarryForwardsExpirationTerm	expire in 2037
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue		usd
	us-gaap	Other Expenses OtherExpenses		usd
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.31
CY2023Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices		usd
	amst	Value Of Common Stock Issued In Exchange For Consulting Services ValueOfCommonStockIssuedInExchangeForConsultingServices		usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities		usd
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Central Index Key EntityCentralIndexKey	0001807166

Files In Submission

Name	View Source	Status
0001213900-24-041800-index-headers.html	Edgar Link	pending
0001213900-24-041800-index.html	Edgar Link	pending
0001213900-24-041800.txt	Edgar Link	pending
0001213900-24-041800-xbrl.zip	Edgar Link	pending
amst-20240331.xsd	Edgar Link	pending
ea0205325-10q_amesite.htm	Edgar Link	pending
ea020532501ex31-1_amesite.htm	Edgar Link	pending
ea020532501ex31-2_amesite.htm	Edgar Link	pending
ea020532501ex32-1_amesite.htm	Edgar Link	pending
ea020532501ex32-2_amesite.htm	Edgar Link	pending
amst-20240331_cal.xml	Edgar Link	unprocessable
amst-20240331_pre.xml	Edgar Link	unprocessable
amst-20240331_def.xml	Edgar Link	unprocessable
amst-20240331_lab.xml	Edgar Link	unprocessable
ea0205325-10q_amesite_htm.xml	Edgar Link	completed
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	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
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$AMST
Amesite Inc. Stock $amst

2024 Q2 Form 10-Q Financial Statement

#000121390024041800 Filed on May 10, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AMST Amesite Inc. Stock $amst

2024 Q2 Form 10-Q Financial Statement

#000121390024041800 Filed on May 10, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AMST
Amesite Inc. Stock $amst