2022 Q3 Form 10-Q Financial Statement
#000178162922000023 Filed on September 30, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $561.00 | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $8.784K | $6.542K | $10.07K |
YoY Change | 70.73% | 34.19% | |
Operating Profit | |||
YoY Change | |||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$8.784K | $6.542K | $10.07K |
YoY Change | 70.73% | 34.19% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$8.784K | -$6.542K | -$10.07K |
YoY Change | 34.19% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | $0.00 |
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 4.328M shares | 4.258M shares | 3.223M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $4.151K | $7.692K | $19.82K |
Short-Term Investments | |||
Other Short-Term Assets | $212.3K | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $4.151K | $164.5K | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $212.3K | $60.61K | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $4.151K | $164.5K | |
Total Long-Term Assets | $212.3K | $60.61K | |
Total Assets | $216.4K | $225.1K | |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $92.60K | $167.5K | |
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $232.7K | $232.6K | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $232.7K | $232.6K | |
Total Long-Term Liabilities | |||
Total Liabilities | $232.7K | $232.6K | |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | $51.84K | $43.06K | |
YoY Change | |||
Common Stock | $4.328K | $4.328K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$16.25K | -$7.470K | -$4.258K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $216.4K | $225.1K | |
YoY Change |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.784K | -$6.542K | -$10.07K |
YoY Change | 34.19% | ||
Depreciation, Depletion And Amortization | $561.00 | ||
YoY Change | |||
Cash From Operating Activities | $16.08K | ||
YoY Change | |||
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 | $35.02K | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | $16.08K | ||
Cash From Investing Activities | |||
Cash From Financing Activities | $35.02K | ||
Net Change In Cash | $18.94K | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | $16.08K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
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dei |
Entity Central Index Key
EntityCentralIndexKey
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Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--11-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
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Document Fiscal Period Focus
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Q3 | ||
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Prepaid Expense Current
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Inventory Real Estate Construction In Process
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Revenues
Revenues
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Revenues
Revenues
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Revenues
Revenues
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Amortization And Depreciation Of Decontaminating And Decommissioning Assets
AmortizationAndDepreciationOfDecontaminatingAndDecommissioningAssets
|
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Amortization And Depreciation Of Decontaminating And Decommissioning Assets
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Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
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Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
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Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
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Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
usd | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
usd | ||
us-gaap |
Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
|
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Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
|
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Interest Paid
InterestPaid
|
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Interest Paid
InterestPaid
|
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Income Taxes Paid
IncomeTaxesPaid
|
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Income Taxes Paid
IncomeTaxesPaid
|
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Tax Adjustments Settlements And Unusual Provisions
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Tax Adjustments Settlements And Unusual Provisions
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Deferred Tax Assets Net
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|
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Deferred Tax Assets Net
DeferredTaxAssetsNet
|
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dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-08-31 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
333-255392 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ANKAM INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
61-1900749 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
5348 Vegas Drive | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Las Vegas | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NV | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
89108 | ||
dei |
City Area Code
CityAreaCode
|
995 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
599420389 | ||
dei |
Contact Personnel Email Address
ContactPersonnelEmailAddress
|
[email protected] | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
No | ||
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
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false | ||
CY2022Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
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CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4151 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
877 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
3265 | usd |
CY2022Q3 | us-gaap |
Assets Current
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Assets Current
AssetsCurrent
|
4142 | usd |
CY2022Q3 | us-gaap |
Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
|
134810 | usd |
CY2022Q3 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
77469 | usd |
CY2021Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
6735 | usd |
CY2022Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
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212279 | usd |
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Other Assets Current
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6735 | usd |
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Assets
Assets
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216430 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
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10877 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
92599 | usd |
CY2022Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
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140085 | usd |
CY2021Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
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34072 | usd |
CY2022Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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232684 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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34072 | usd |
CY2022Q3 | us-gaap |
Liabilities
Liabilities
|
232684 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
34072 | usd |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3250000 | shares |
CY2022Q3 | us-gaap |
Common Stock Value
CommonStockValue
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CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
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CY2022Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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Receivable From Officers And Directors For Issuance Of Capital Stock
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Liabilities And Stockholders Equity
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Liabilities And Stockholders Equity
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Amortization And Depreciation Of Decontaminating And Decommissioning Assets
AmortizationAndDepreciationOfDecontaminatingAndDecommissioningAssets
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us-gaap |
Amortization And Depreciation Of Decontaminating And Decommissioning Assets
AmortizationAndDepreciationOfDecontaminatingAndDecommissioningAssets
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6266 | usd | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
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us-gaap |
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GeneralAndAdministrativeExpense
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CY2022Q3 | us-gaap |
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Professional Fees
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Income Loss From Continuing Operations Before Income Taxes Domestic
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Income Loss From Continuing Operations Before Income Taxes Domestic
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Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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Income Loss From Continuing Operations
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Earnings Per Share Basic
EarningsPerShareBasic
|
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Earnings Per Share Basic
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-0.00 | |
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Earnings Per Share Basic
EarningsPerShareBasic
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Earnings Per Share Basic
EarningsPerShareBasic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3250000 | shares | |
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Common Stock Value Outstanding
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Stockholders Equity Note Subscriptions Receivable
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StockIssuedDuringPeriodSharesOther
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NetIncomeLossAvailableToCommonStockholdersBasic
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Common Stock Value Outstanding
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Common Stock Value Outstanding
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Common Stock Other Value Outstanding
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Net Income Loss
NetIncomeLoss
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Stock Issued During Period Value New Issues
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Net Income Loss
NetIncomeLoss
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|
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Stockholders Equity
StockholdersEquity
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Net Income Loss
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Shares Issued
SharesIssued
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Stockholders Equity
StockholdersEquity
|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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us-gaap |
Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
|
6266 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
3265 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-97 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
134810 | usd | |
us-gaap |
Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
|
77000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
92599 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
800 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
135079 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
14388 | usd | |
us-gaap |
Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
|
3250 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
32340 | usd | |
us-gaap |
Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
|
106013 | usd | |
us-gaap |
Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
|
15200 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
138353 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18450 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3274 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4062 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
877 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
184 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4151 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4246 | usd |
us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<p id="xdx_84A_eus-gaap--RevenueRecognitionAllowances_z8neY7mnjEJe" style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="text-decoration: underline"><span id="xdx_86E_zHCZSvVxKBza">Revenue Recognition</span></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 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 recognizes as it fulfills its obligations under reach of its agreements:</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 1: Identify the contract with a customer</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 2: Identify the performance obligations in the contract</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 3: Determine the transaction price</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 4: Allocate the transaction price to the performance obligations in the contract</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company recognizes revenue when title, ownership, and risk of loss pass to the customer, all of which occurs upon shipment or delivery of the product.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_846_eus-gaap--UseOfEstimates_znWDUlQf1S56" style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="text-decoration: underline"><span id="xdx_865_zVL12r659x6h">Use of Estimates</span></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 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: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
51844 | usd | |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
26445 | usd |
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
51844 | usd | |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
26445 | usd |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
10887 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
5553 | usd |
CY2022Q3 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
10887 | usd |
CY2021Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
5553 | usd |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
51844 | usd |