2023 Q2 Form 10-Q Financial Statement

#000149315223017266 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $3.671M $4.402M $154.1K
YoY Change 983.7% 2757.02% -55.89%
Cost Of Revenue $2.983M $2.791M $96.72K
YoY Change 1137.23% 2785.99% -63.93%
Gross Profit $687.9K $1.611M $57.36K
YoY Change 604.6% 2708.18% -29.31%
Gross Profit Margin 18.74% 36.59% 37.23%
Selling, General & Admin $2.041M $1.532M $901.3K
YoY Change 43.84% 70.02% 176.62%
% of Gross Profit 296.68% 95.14% 1571.29%
Research & Development $16.50K $114.2K
YoY Change -85.56% -14.15%
% of Gross Profit 1.02% 199.16%
Depreciation & Amortization $25.28K $29.09K $900.00
YoY Change 5395.65% 3132.22% -44.1%
% of Gross Profit 3.68% 1.81% 1.57%
Operating Expenses $2.239M $1.831M $1.016M
YoY Change 33.12% 80.11% 120.72%
Operating Profit -$1.551M -$219.9K -$959.1K
YoY Change -2.1% -77.07% 152.81%
Interest Expense $148.4K $7.110K -$292.4K
YoY Change 724.6% -102.43% -46.66%
% of Operating Profit
Other Income/Expense, Net $1.108M -$7.110K
YoY Change
Pretax Income -$590.2K -$227.1K -$2.628M
YoY Change -63.16% -91.36% 183.33%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$590.2K -$227.1K -$2.628M
YoY Change -63.16% -91.36% 183.33%
Net Earnings / Revenue -16.08% -5.16% -1705.76%
Basic Earnings Per Share -$0.87 -$0.01 -$0.83
Diluted Earnings Per Share -$0.87 -$0.01 -$829.4K
COMMON SHARES
Basic Shares Outstanding 16.93M shares 16.93M shares 3.169M shares
Diluted Shares Outstanding 679.0K shares 33.50M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.733M $466.0K $3.509M
YoY Change 8.9% -86.72% 11920.14%
Cash & Equivalents $2.733M $466.0K $3.509M
Short-Term Investments
Other Short-Term Assets $160.3K $169.9K $611.5K
YoY Change -69.73% -72.22% 1286.91%
Inventory $8.874M $8.436M $1.291M
Prepaid Expenses $160.3K $169.9K
Receivables $1.982M $2.342M $162.2K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.75M $11.41M $5.573M
YoY Change 215.09% 104.81% 406.37%
LONG-TERM ASSETS
Property, Plant & Equipment $402.2K $427.4K
YoY Change 2947.57%
Goodwill $4.200M $4.200M $4.200M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.716M $5.955M
YoY Change 120245.07%
Total Long-Term Assets $6.119M $6.383M $0.00
YoY Change 33994.21% -100.0%
TOTAL ASSETS
Total Short-Term Assets $13.75M $11.41M $5.573M
Total Long-Term Assets $6.119M $6.383M $0.00
Total Assets $19.87M $17.80M $5.573M
YoY Change 353.44% 219.34% 404.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.289M $2.431M $114.3K
YoY Change 331.38% 2027.46% -85.11%
Accrued Expenses $1.069M $1.094M $67.92K
YoY Change 1474.57% 1510.44% -90.4%
Deferred Revenue
YoY Change
Short-Term Debt $1.482M $601.4K $614.9K
YoY Change 145.02% -2.19% -87.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.347M $5.927M $797.1K
YoY Change 425.39% 643.61% -87.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $521.7K $743.9K
YoY Change
Total Long-Term Liabilities $521.7K $743.9K $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.347M $5.927M $797.1K
Total Long-Term Liabilities $521.7K $743.9K $0.00
Total Liabilities $6.868M $6.671M $797.1K
YoY Change 468.59% 736.94% -88.26%
SHAREHOLDERS EQUITY
Retained Earnings -$34.93M -$34.34M
YoY Change 11.96%
Common Stock $749.00 $16.93K
YoY Change -84.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.00M $11.13M $4.776M
YoY Change
Total Liabilities & Shareholders Equity $19.87M $17.80M $5.573M
YoY Change 353.44% 219.34% 404.7%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$590.2K -$227.1K -$2.628M
YoY Change -63.16% -91.36% 183.33%
Depreciation, Depletion And Amortization $25.28K $29.09K $900.00
YoY Change 5395.65% 3132.22% -44.1%
Cash From Operating Activities -$784.3K -$1.691M -$2.924M
YoY Change -19.93% -42.19% 1178.41%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.400K $0.00 $0.00
YoY Change -110.26%
Cash From Investing Activities $1.400K
YoY Change -110.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.050M $1.800M 6.415M
YoY Change -55760.95% -71.95% 3156.01%
NET CHANGE
Cash From Operating Activities -784.3K -$1.691M -2.924M
Cash From Investing Activities 1.400K
Cash From Financing Activities 3.050M $1.800M 6.415M
Net Change In Cash 2.267M $109.2K $0.00
YoY Change -327.02%
FREE CASH FLOW
Cash From Operating Activities -$784.3K -$1.691M -$2.924M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29090 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022Q1 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
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CY2022Q1 us-gaap Amortization Of Debt Discount Premium
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CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2023Q1 us-gaap Increase Decrease In Inventories
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CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2023Q1 AREB Increase Decrease In Inventory Deposits
IncreaseDecreaseInInventoryDeposits
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CY2022Q1 AREB Increase Decrease In Inventory Deposits
IncreaseDecreaseInInventoryDeposits
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2023Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
101000 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
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CY2023Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
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CY2022Q1 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
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CY2022Q1 AREB Repayments Of Non Related Party Debt
RepaymentsOfNonRelatedPartyDebt
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
109224 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3491074 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
356754 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17607 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q1 AREB Debt Repayment Through Issuance Of Common Stock
DebtRepaymentThroughIssuanceOfCommonStock
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CY2023Q1 dei Entity Incorporation Date Of Incorporation
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2014-12-15
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Diluted
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CY2022 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Granted Debt Conversion Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualGrantedDebtConversionTerm2
P5Y
CY2022 AREB Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Warrant
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWarrant
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CY2022 AREB Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Warrant Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageWarrantExercisePrice
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CY2023Q1 us-gaap Fiscal Period
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<p id="xdx_842_eus-gaap--FiscalPeriod_zxZnBYAqMaOb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_863_zi25jRorbDCi">Year-end</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s year-end is December 31.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
252725 usd
CY2022Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
80970 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 AREB Total Dilutive Effect Of Outstanding Stock Awards Or Common Stock Equivalents
TotalDilutiveEffectOfOutstandingStockAwardsOrCommonStockEquivalents
26569000 shares
CY2022 AREB Total Dilutive Effect Of Outstanding Stock Awards Or Common Stock Equivalents
TotalDilutiveEffectOfOutstandingStockAwardsOrCommonStockEquivalents
755000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33499000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q1 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
less than a 50% likelihood
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
less than a 50% likelihood
CY2023Q1 us-gaap Use Of Estimates
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CY2022 AREB Warrant Liabilities
WarrantLiabilities
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CY2023Q1 AREB Warrant Liabilities
WarrantLiabilities
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q1 us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
ValuationAllowanceDeferredTaxAssetExplanationOfChange
As a result, management determined it was more likely than not deferred tax assets will not be realized as of March 31, 2023, and December 31, 2022, and recognized 100% valuation allowance for each period
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q1 AREB Working Capital Deficit
WorkingCapitalDeficit
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CY2022Q4 AREB Working Capital Deficit
WorkingCapitalDeficit
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
701776 shares
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q1 AREB Inventory Deposits
InventoryDeposits
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CY2022Q4 AREB Inventory Deposits
InventoryDeposits
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CY2023Q1 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Inventory Net
InventoryNet
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CY2023Q1 us-gaap Deposits
Deposits
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CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
388425 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
359334 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
427434 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
456525 usd
CY2023Q1 us-gaap Depreciation
Depreciation
29090 usd
CY2022Q1 us-gaap Depreciation
Depreciation
900 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y11M12D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
2909639 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.1875
CY2022 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm2
P5Y
CY2022 AREB By Share Based Payment Award Options Granted Debt Conversion
ByShareBasedPaymentAwardOptionsGrantedDebtConversion
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CY2022 AREB Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Granted Debt Conversion Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantedDebtConversionExercisePrice
5.1875
CY2023Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
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CY2023Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
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CY2023Q1 us-gaap Secured Debt
SecuredDebt
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CY2022Q4 us-gaap Secured Debt
SecuredDebt
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CY2023Q1 us-gaap Goodwill
Goodwill
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CY2022Q1 us-gaap Goodwill
Goodwill
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CY2023Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4200000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4200000 usd
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
34339865 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
34112810 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7211370 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7163690 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7211370 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7163690 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7211370 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7163690 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.000 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.210 pure
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022Q3 AREB Corporate Alternative Minimum Income Tax Rate
CorporateAlternativeMinimumIncomeTaxRate
0.15 pure
CY2022Q3 AREB Percentage Ogexcise Tax On Corporate Stock Repurchases
PercentageOgexciseTaxOnCorporateStockRepurchases
0.01 pure
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1566659.00 usd
CY2022Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
377484 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
377484 shares
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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5.1875
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
12887976.31 shares
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
509311 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
11202401 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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1.10
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
11202401 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
11202401 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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0.01
CY2023Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
377484 shares
CY2022 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Warrant Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualWarrantTerm2
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CY2022 AREB Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period One
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodOne
23423424 shares
CY2022 AREB Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price One
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePriceOne
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CY2022 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
938 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
27411385 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.22
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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CY2023Q1 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm2
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.01
CY2023Q1 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Exercised Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageExercisedRemainingContractualTerm2
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
27411385 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.22
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2023Q1 AREB Rent Expense For Operating Leases
RentExpenseForOperatingLeases
226660 usd
CY2022Q1 AREB Rent Expense For Operating Leases
RentExpenseForOperatingLeases
0 usd
CY2023Q1 AREB Rental Equipment Expense For Finance Leases
RentalEquipmentExpenseForFinanceLeases
0 usd
CY2022Q1 AREB Rental Equipment Expense For Finance Leases
RentalEquipmentExpenseForFinanceLeases
0 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
226660 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
226660 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1733829 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
243501 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0500 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0500 pure
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
862857 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
688526 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
163794 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
62792 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3733 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1781702 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
104664 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1677038 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
226660 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
0 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 usd

Files In Submission

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areb-20230331_pre.xml Edgar Link unprocessable
0001493152-23-017266-index-headers.html Edgar Link pending
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0001493152-23-017266.txt Edgar Link pending
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areb-20230331.xsd Edgar Link pending
areb-20230331_cal.xml Edgar Link unprocessable
areb-20230331_def.xml Edgar Link unprocessable
areb-20230331_lab.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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