2024 Q3 Form 10-Q Financial Statement
#000168316824007147 Filed on October 15, 2024
Income Statement
Concept | 2024 Q3 | 2023 Q4 | 2023 Q3 |
---|---|---|---|
Revenue | $8.697K | $7.480K | $5.999K |
YoY Change | 44.97% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | -$93.28K | ||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $24.94K | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $79.10K | -$89.27K | $75.00K |
YoY Change | 5.46% | 753.87% | |
Operating Profit | -$70.40K | -$69.01K | |
YoY Change | 2.03% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $44.93K | -$179.2K | $44.90K |
YoY Change | 0.06% | ||
Pretax Income | $83.91K | -$63.60K | -$69.01K |
YoY Change | -221.59% | 685.58% | |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | $83.91K | -$63.60K | -$69.01K |
YoY Change | -221.59% | 685.58% | |
Net Earnings / Revenue | 964.76% | -850.27% | -1150.28% |
Basic Earnings Per Share | $0.01 | -$0.02 | |
Diluted Earnings Per Share | $0.01 | -$0.01 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 4.328M shares | 4.328M shares | 4.328M shares |
Diluted Shares Outstanding | 4.558M shares | 4.328M shares |
Balance Sheet
Concept | 2024 Q3 | 2023 Q4 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $290.00 | ||
YoY Change | |||
Cash & Equivalents | $19.19K | $286.00 | $355.00 |
Short-Term Investments | |||
Other Short-Term Assets | $64.49K | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $30.00K | $15.85K | $20.10K |
Receivables | $0.00 | $21.39K | |
Other Receivables | $0.00 | ||
Total Short-Term Assets | $59.74K | $86.17K | $55.51K |
YoY Change | 7.62% | -51.27% | 1237.32% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | ||
YoY Change | |||
Total Long-Term Assets | $117.7K | $22.16K | $248.3K |
YoY Change | -52.59% | -91.77% | 16.95% |
TOTAL ASSETS | |||
Total Short-Term Assets | $59.74K | $86.17K | $55.51K |
Total Long-Term Assets | $117.7K | $22.16K | $248.3K |
Total Assets | $177.4K | $108.3K | $303.8K |
YoY Change | -41.59% | -75.71% | 40.36% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $84.00K | ||
YoY Change | |||
Accrued Expenses | $44.90K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $292.0K | ||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $471.3K | $433.6K | $565.5K |
YoY Change | -16.65% | -11.9% | 143.03% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | ||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $471.3K | $433.6K | $565.5K |
Total Long-Term Liabilities | $0.00 | ||
Total Liabilities | $471.3K | $433.6K | $565.5K |
YoY Change | -16.65% | -11.9% | 143.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$467.5K | -$360.9K | $297.3K |
YoY Change | -257.26% | -541.53% | 473.44% |
Common Stock | $4.558K | $4.328K | $4.328K |
YoY Change | 5.31% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$293.9K | -$325.3K | -$261.7K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $177.4K | $108.3K | $303.8K |
YoY Change | -41.59% | -75.71% | 40.36% |
Cashflow Statement
Concept | 2024 Q3 | 2023 Q4 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $83.91K | -$63.60K | -$69.01K |
YoY Change | -221.59% | 685.58% | |
Depreciation, Depletion And Amortization | $24.94K | ||
YoY Change | |||
Cash From Operating Activities | -$320.4K | ||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $241.4K | ||
YoY Change | |||
Cash From Investing Activities | $241.4K | ||
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 | 77.01K | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -320.4K | ||
Cash From Investing Activities | 241.4K | ||
Cash From Financing Activities | 77.01K | ||
Net Change In Cash | -1.990K | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$320.4K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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|
-40324 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
7300 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
5057 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-44900 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-145054 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-237272 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
131399 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
-0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-131399 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
157312 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
235350 | usd | |
ankm |
Proceeds From Issuance Of Additional Paid In Common Stock
ProceedsFromIssuanceOfAdditionalPaidInCommonStock
|
230 | usd | |
ankm |
Proceeds From Issuance Of Additional Paid In Common Stock
ProceedsFromIssuanceOfAdditionalPaidInCommonStock
|
0 | usd | |
ankm |
Proceed From Issuance Of Additional Paid In Capital
ProceedFromIssuanceOfAdditionalPaidInCapital
|
137810 | usd | |
ankm |
Proceed From Issuance Of Additional Paid In Capital
ProceedFromIssuanceOfAdditionalPaidInCapital
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
295352 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
235350 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
18899 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1922 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
286 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2277 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19185 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
355 | usd |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Revenue Recognition Revenue Reductions
RevenueRecognitionRevenueReductions
|
<p id="xdx_845_eus-gaap--RevenueRecognitionRevenueReductions_z0cEtd7vss5k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration: underline"><span id="xdx_86A_z7K4FMVuLK0d">Revenue Recognition</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company offers a newsletter subscription, which contains the most significant news in the cryptocurrency market. In most cases identified articles show price changes, experts’ opinions, technical information that can be used to understand the market and make decisions in this area.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) No. 2014-09, <i>"Revenue from Contracts with Customer"</i>. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Step 1: Identify the contract with a customer</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Step 2: Identify the performance obligations in the contract</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Step 3: Determine the transaction price</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Step 4: Allocate the transaction price to the performance obligations in the contract</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company recognizes revenue when the customer obtains control of the good or service through the Company satisfying a performance obligation by transferring the promised good or service to the customer. The revenue is recognized on a straight-line basis from the date the subscription is sold.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company collects payment from customers before the service is provided. When deposits are collected before the service is provided, the Company recognizes deferred revenue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84B_eus-gaap--UseOfEstimates_zDv6obutITFf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration: underline"><span id="xdx_86C_zlp0EqbxCXIf">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP 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 of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> | ||
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
134721 | usd | |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
53144 | usd |
CY2024Q3 | ankm |
Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
|
51052 | usd |
CY2023Q4 | ankm |
Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
|
51052 | usd |
CY2024Q3 | ankm |
Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
|
-40493 | usd |
CY2023Q4 | ankm |
Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
|
-2409 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10559 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
48643 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
0 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
44900 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
44900 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
0 | usd |
CY2024Q3 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
158045 | usd |
CY2023Q4 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
26645 | usd |
CY2024Q3 | us-gaap |
Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
|
40349 | usd |
CY2023Q4 | us-gaap |
Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
|
4488 | usd |
CY2024Q3 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
117695 | usd |
CY2023Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
22157 | usd |
CY2024Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
13170 | usd |
CY2023Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
6978 | usd |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
35861 | usd | |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
20933 | usd | |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
467529 | usd | |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
360893 | usd |
us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
467529 | usd | |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
360893 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
98181 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
75787 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
98181 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
75787 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2024Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
467529 | usd |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |