2024 Q2 Form 10-K Financial Statement

#000149315224014473 Filed on April 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $3.255M $4.810M $16.23M
YoY Change -11.31% 24.8% 92.06%
Cost Of Revenue $3.225M $4.322M $13.19M
YoY Change 8.12% 41.86% 102.66%
Gross Profit $30.66K $487.6K $3.036M
YoY Change -95.54% -39.6% 56.48%
Gross Profit Margin 0.94% 10.14% 18.71%
Selling, General & Admin $3.310M $3.276M $9.466M
YoY Change 62.21% 331.19% 66.1%
% of Gross Profit 10799.12% 671.88% 311.76%
Research & Development $337.8K $426.0K $1.406M
YoY Change -43.84% 88.19%
% of Gross Profit 1101.85% 87.37% 46.29%
Depreciation & Amortization $30.68K $24.97K $104.2K
YoY Change 21.36% -35.61% 108.1%
% of Gross Profit 100.08% 5.12% 3.43%
Operating Expenses $3.979M $3.727M $10.98M
YoY Change 77.72% 139.36% 56.72%
Operating Profit -$3.948M -$3.240M -$7.940M
YoY Change 154.57% 332.03% 56.81%
Interest Expense -$1.055M -$154.8K -$402.5K
YoY Change -810.79% 895.5% -212.21%
% of Operating Profit
Other Income/Expense, Net -$1.305M $5.670K $1.113M
YoY Change -217.82%
Pretax Income -$5.253M -$7.490M -$11.10M
YoY Change 790.03% 878.53% 55.4%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.253M -$7.490M -$11.10M
YoY Change 790.03% 878.53% 55.4%
Net Earnings / Revenue -161.36% -155.71% -68.4%
Basic Earnings Per Share -$0.89 -$3.81
Diluted Earnings Per Share -$0.89 -$1.02 -$3.81
COMMON SHARES
Basic Shares Outstanding 5.948M shares 5.020M shares 2.912M shares
Diluted Shares Outstanding 5.880M shares 2.912M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $452.8K $1.148M $1.148M
YoY Change -83.43% 221.71% 221.71%
Cash & Equivalents $452.8K $1.148M $1.148M
Short-Term Investments
Other Short-Term Assets $191.6K $190.9K $190.9K
YoY Change 19.53% -7.79% -7.79%
Inventory $6.357M $6.103M $6.103M
Prepaid Expenses $191.6K $190.9K
Receivables $2.144M $2.817M $2.817M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.460M $10.26M $10.26M
YoY Change -31.2% 3.53% 3.53%
LONG-TERM ASSETS
Property, Plant & Equipment $310.8K $2.307M $2.307M
YoY Change -22.72% 405.35% -5.21%
Goodwill $2.000M $2.000M
YoY Change -52.38% -52.38%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.392M $83.40K $83.40K
YoY Change -40.67% -98.65% 362.56%
Total Long-Term Assets $3.703M $4.390M $4.390M
YoY Change -39.49% -34.0% -34.0%
TOTAL ASSETS
Total Short-Term Assets $9.460M $10.26M $10.26M
Total Long-Term Assets $3.703M $4.390M $4.390M
Total Assets $13.16M $14.65M $14.65M
YoY Change -33.75% -11.54% -11.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.453M $1.979M $1.979M
YoY Change 7.15% -21.59% -21.59%
Accrued Expenses $1.204M $1.310M $1.310M
YoY Change 12.62% 19.49% 19.49%
Deferred Revenue
YoY Change
Short-Term Debt $3.732M $3.456M $3.456M
YoY Change 151.73% 473.55% 473.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.12M $6.745M $6.745M
YoY Change 59.48% 59.74% 59.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $521.6K $907.5K $907.5K
YoY Change -0.02% -7.85% -7.85%
Total Long-Term Liabilities $521.6K $907.5K $907.5K
YoY Change -0.02% -7.85% -7.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.12M $6.745M $6.745M
Total Long-Term Liabilities $521.6K $907.5K $907.5K
Total Liabilities $10.64M $7.653M $7.653M
YoY Change 54.96% 46.96% 46.96%
SHAREHOLDERS EQUITY
Retained Earnings -$53.17M -$45.21M
YoY Change 52.21% 32.54%
Common Stock $5.880K $9.005K
YoY Change 685.05% -46.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.520M $6.996M $6.996M
YoY Change
Total Liabilities & Shareholders Equity $13.16M $14.65M $14.65M
YoY Change -33.75% -11.54% -11.54%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$5.253M -$7.490M -$11.10M
YoY Change 790.03% 878.53% 55.4%
Depreciation, Depletion And Amortization $30.68K $24.97K $104.2K
YoY Change 21.36% -35.61% 108.1%
Cash From Operating Activities -$1.789M -$946.8K -$7.036M
YoY Change 128.14% 5.11% 3.05%
INVESTING ACTIVITIES
Capital Expenditures $5.940K $6.300K $6.300K
YoY Change -12.98% -69.84%
Acquisitions
YoY Change
Other Investing Activities -$51.40K -$325.0K
YoY Change -96.83%
Cash From Investing Activities -$6.350K -$57.70K -$331.3K
YoY Change -553.57% 696.96% -96.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.304M
YoY Change -44.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.574M 519.0K 8.158M
YoY Change -48.41% 555.23% -53.21%
NET CHANGE
Cash From Operating Activities -1.789M -946.8K -7.036M
Cash From Investing Activities -6.350K -57.70K -331.3K
Cash From Financing Activities 1.574M 519.0K 8.158M
Net Change In Cash -222.1K -485.5K 790.9K
YoY Change -109.8% -41.42% 133.21%
FREE CASH FLOW
Cash From Operating Activities -$1.789M -$946.8K -$7.036M
Capital Expenditures $5.940K $6.300K $6.300K
Free Cash Flow -$1.795M -$953.1K -$7.042M
YoY Change 4.97% 2.82%

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CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-7939636 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-5063286 usd
CY2023 us-gaap Interest Expense
InterestExpense
406252 usd
CY2022 us-gaap Interest Expense
InterestExpense
358689 usd
CY2022 AREB Interest Expense Preemptive Rights Release
InterestExpensePreemptiveRightsRelease
350000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
3780 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
5578 usd
CY2023 AREB Employee Retention Credit Funds Net Of Costs To Collect
EmployeeRetentionCreditFundsNetOfCostsToCollect
1113337 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1900 usd
CY2023 AREB Tangible Asset Valuation Adjustment
TangibleAssetValuationAdjustment
1570816 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2525000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
221903 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1376756 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11100784 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7143153 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11100784 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7143153 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.81
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.81
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-23.90
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-23.90
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2912100 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2912100 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
298800 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
298800 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-4170337 usd
CY2022 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
5140 shares
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9038456 usd
CY2022 AREB Common Stock Issuance Price Per Share
CommonStockIssuancePricePerShare
103.75
CY2022 AREB Stock Issued During Period Of Common Stock Issued To Pay Expense
StockIssuedDuringPeriodOfCommonStockIssuedToPayExpense
969535 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1566559 usd
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
27.75
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
565335 usd
CY2022 AREB Adjustments To Additional Paid In Capital Sale Of Prefunded Common Stock Warrants
AdjustmentsToAdditionalPaidInCapitalSaleOfPrefundedCommonStockWarrants
12322542 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-1972578 usd
CY2022 AREB Common Stock Compensation Price Per Share
CommonStockCompensationPricePerShare
15.25
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
61000 usd
CY2022 AREB Stock Issued During Period Value Exercise Of Prefunded Warrants
StockIssuedDuringPeriodValueExerciseOfPrefundedWarrants
112025 usd
CY2022 AREB Stock Issued During Period Value Exercise Of Prefunded Warrants1
StockIssuedDuringPeriodValueExerciseOfPrefundedWarrants1
3775 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7143153 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11353119 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11353119 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
312452 usd
CY2023 AREB Adjustments To Additional Paid In Capital Sale Of Prefunded Common Stock Warrants
AdjustmentsToAdditionalPaidInCapitalSaleOfPrefundedCommonStockWarrants
2681400 usd
CY2022 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
10349964 usd
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
6150 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
115798 usd
CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
45332 usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-81506 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-529324 usd
CY2023 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
100 shares
CY2023 AREB Warrant Inducement Shares Exercised
WarrantInducementSharesExercised
2988687 shares
CY2023Q4 AREB Class Of Warrant Inducement Exercise Price Of Warrants Or Rights1
ClassOfWarrantInducementExercisePriceOfWarrantsOrRights1
1.10
CY2023 AREB Stock Issued During Period Value Warrant Inducement And Exercise Of Repriced Common Stock Warrants Per Share
StockIssuedDuringPeriodValueWarrantInducementAndExerciseOfRepricedCommonStockWarrantsPerShare
3287556 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
453756 usd
CY2023 AREB Stock Issued During Period Value Exercise Of Prefunded Warrants
StockIssuedDuringPeriodValueExerciseOfPrefundedWarrants
6150 usd
CY2023 AREB Common Stock Compensation Price Per Share
CommonStockCompensationPricePerShare
0.78
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2904 usd
CY2023 AREB Common Stock Compensation Three Related Parties Price Per Share
CommonStockCompensationThreeRelatedPartiesPricePerShare
0.78
CY2023 AREB Stock Issued During Period Value Share Based Compensation One
StockIssuedDuringPeriodValueShareBasedCompensationOne
4984 usd
CY2023 AREB Common Stock Compensation Independent Members Board Of Directors Related Parties Price Per Share
CommonStockCompensationIndependentMembersBoardOfDirectorsRelatedPartiesPricePerShare
0.75
CY2023 AREB Stock Issued During Period Value Share Based Compensation Two
StockIssuedDuringPeriodValueShareBasedCompensationTwo
18096 usd
CY2023 AREB Stock Issued During Period Value Share Based Compensation Three
StockIssuedDuringPeriodValueShareBasedCompensationThree
25 usd
CY2023 AREB Stock Issued During Period Value Share Based Compensation Four
StockIssuedDuringPeriodValueShareBasedCompensationFour
4612500 usd
CY2023 AREB Stock Issued During Period Value Equivalents From Modification Of Stock Conversion Rights
StockIssuedDuringPeriodValueEquivalentsFromModificationOfStockConversionRights
17505000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1413000 usd
CY2023 AREB Stock Issued During Period Value Unvested Shares Reserved Through Deferred Compensation
StockIssuedDuringPeriodValueUnvestedSharesReservedThroughDeferredCompensation
-22117500 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11100784 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6995822 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
6995822 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11100784 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7143153 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
104229 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
50087 usd
CY2023 AREB Gain On Disposition Of Property
GainOnDispositionOfProperty
1900 usd
CY2022 AREB Gain On Disposition Of Property
GainOnDispositionOfProperty
1994 usd
CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
2904 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1030535 usd
CY2023 AREB Compensation Paid Through Issuance Of Common Stock Related Parties
CompensationPaidThroughIssuanceOfCommonStockRelatedParties
23080 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1000457 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
1413000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2525000 usd
CY2023 AREB Inventory Adjustment
InventoryAdjustment
1570816 usd
CY2023 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1203052 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-613104 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
49428 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
34286 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-57488 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2292844 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-544784 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
167362 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-50042 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7036069 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6828136 usd
CY2023 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
325000 usd
CY2022 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
10247420 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6300 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20888 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-331300 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10268308 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9603791 usd
CY2023 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2833800 usd
CY2023 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
2464530 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1700000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
243071 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
2000000 usd
CY2022 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
60000 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
648430 usd
CY2022 AREB Repayments Of Non Related Party Debt
RepaymentsOfNonRelatedPartyDebt
2612456 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8158311 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17435591 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
790942 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
339147 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1147696 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
356754 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
415472 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
270146 usd
CY2023 us-gaap Stock Issued1
StockIssued1
4612500 usd
CY2023 AREB Modification Of Conversion Terms
ModificationOfConversionTerms
17505000 usd
CY2022 AREB Debt Repayment Through Issuance Of Common Stock
DebtRepaymentThroughIssuanceOfCommonStock
2011224 usd
CY2023 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2014-12-15
CY2023 us-gaap Marketing Expense
MarketingExpense
1273012 usd
CY2022 us-gaap Marketing Expense
MarketingExpense
507503 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.81
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.81
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-23.90
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-23.90
CY2023 AREB Shares Used In Computation Of Basic Earnings Per Share
SharesUsedInComputationOfBasicEarningsPerShare
2912100 shares
CY2022 AREB Shares Used In Computation Of Basic Earnings Per Share
SharesUsedInComputationOfBasicEarningsPerShare
298800 shares
CY2023 AREB Total Dilutive Effect Of Outstanding Stock Awards Or Common Stock Equivalents
TotalDilutiveEffectOfOutstandingStockAwardsOrCommonStockEquivalents
11909000 shares
CY2022 AREB Total Dilutive Effect Of Outstanding Stock Awards Or Common Stock Equivalents
TotalDilutiveEffectOfOutstandingStockAwardsOrCommonStockEquivalents
674600 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
14821100 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
973400 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11100784 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7143153 usd
CY2023 AREB Fully Diluted Income Loss Per Share
FullyDilutedIncomeLossPerShare
-0.75
CY2022 AREB Fully Diluted Income Loss Per Share
FullyDilutedIncomeLossPerShare
-7.34
CY2023 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
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zoaom0OvXCQf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_867_zGQc1uTD6mx2">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 AREB Warranty Liability
WarrantyLiability
82238 usd
CY2022Q4 AREB Warranty Liability
WarrantyLiability
93458 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-11100784 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7143153 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45213594 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34112810 usd
CY2023Q4 AREB Working Capital
WorkingCapital
4551927 usd
CY2022Q4 AREB Working Capital
WorkingCapital
6678562 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
1570816 usd
CY2023 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
3700000 usd
CY2023 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
20000000.0 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5787993 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7421696 usd
CY2023Q4 AREB Inventory Deposits And Other
InventoryDepositsAndOther
315084 usd
CY2022Q4 AREB Inventory Deposits And Other
InventoryDepositsAndOther
309684 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
6103077 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
7731380 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1570816 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
789038 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
815859 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
428543 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
359334 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
360495 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
456525 usd
CY2023 us-gaap Depreciation
Depreciation
104229 usd
CY2022 us-gaap Depreciation
Depreciation
50087 usd
CY2023Q4 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P60M
CY2023Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1456929 usd
CY2023Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1456929 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
600000 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
600000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1954214 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
602643 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1954214 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
602643 usd
CY2023Q3 AREB Working Capital Loan
WorkingCapitalLoan
600000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1954214 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
602643 usd
CY2023Q4 us-gaap Goodwill
Goodwill
2000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
4200000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2525000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2525000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2525000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4525000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2000000.0 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
4200000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
45213594 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
34112810 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9494850 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7163690 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9494850 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7163690 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9494850 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7163690 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9494850 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7163690 usd
CY2023 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 December 31, 2023 and December 31, 2022 and recognized 100% valuation allowance for each period
CY2023 AREB Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.210 pure
CY2022 AREB Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0000 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0000 pure
CY2023 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
CY2023 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
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
463195 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-25
CY2023 AREB Stock Issued During Period Shares Warrant Inducement And Exercise Of Repriced Common Stock Warrants Per Share
StockIssuedDuringPeriodSharesWarrantInducementAndExerciseOfRepricedCommonStockWarrantsPerShare
2988687 shares
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2902.38 usd
CY2023Q3 AREB Gain On Settlement Of Debt
GainOnSettlementOfDebt
228000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term3
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CY2023 AREB Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted New Warrant
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CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted Weighted Average Remaining Contractual Term4
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