2024 Q3 Form 10-Q Financial Statement

#000149315224032142 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $3.255M $3.671M
YoY Change -11.31% 983.7%
Cost Of Revenue $3.225M $2.983M
YoY Change 8.12% 1137.23%
Gross Profit $30.66K $687.9K
YoY Change -95.54% 604.6%
Gross Profit Margin 0.94% 18.74%
Selling, General & Admin $3.310M $2.041M
YoY Change 62.21% 43.84%
% of Gross Profit 10799.12% 296.68%
Research & Development $337.8K
YoY Change
% of Gross Profit 1101.85%
Depreciation & Amortization $30.68K $25.28K
YoY Change 21.36% 5395.65%
% of Gross Profit 100.08% 3.68%
Operating Expenses $3.979M $2.239M
YoY Change 77.72% 33.12%
Operating Profit -$3.948M -$1.551M
YoY Change 154.57% -2.1%
Interest Expense -$1.055M $148.4K
YoY Change -810.79% 724.6%
% of Operating Profit
Other Income/Expense, Net -$1.305M $1.108M
YoY Change -217.82%
Pretax Income -$5.253M -$590.2K
YoY Change 790.03% -63.16%
Income Tax
% Of Pretax Income
Net Earnings -$5.253M -$590.2K
YoY Change 790.03% -63.16%
Net Earnings / Revenue -161.36% -16.08%
Basic Earnings Per Share -$0.89 -$0.87
Diluted Earnings Per Share -$0.89 -$0.87
COMMON SHARES
Basic Shares Outstanding 8.407M shares 5.948M shares 16.93M shares
Diluted Shares Outstanding 5.880M shares 679.0K shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $452.8K $2.733M
YoY Change -83.43% 8.9%
Cash & Equivalents $452.8K $2.733M
Short-Term Investments
Other Short-Term Assets $191.6K $160.3K
YoY Change 19.53% -69.73%
Inventory $6.357M $8.874M
Prepaid Expenses $191.6K $160.3K
Receivables $2.144M $1.982M
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.460M $13.75M
YoY Change -31.2% 215.09%
LONG-TERM ASSETS
Property, Plant & Equipment $310.8K $402.2K
YoY Change -22.72% 2947.57%
Goodwill $2.000M $4.200M
YoY Change -52.38%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.392M $5.716M
YoY Change -40.67% 120245.07%
Total Long-Term Assets $3.703M $6.119M
YoY Change -39.49% 33994.21%
TOTAL ASSETS
Total Short-Term Assets $9.460M $13.75M
Total Long-Term Assets $3.703M $6.119M
Total Assets $13.16M $19.87M
YoY Change -33.75% 353.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.453M $2.289M
YoY Change 7.15% 331.38%
Accrued Expenses $1.204M $1.069M
YoY Change 12.62% 1474.57%
Deferred Revenue
YoY Change
Short-Term Debt $3.732M $1.482M
YoY Change 151.73% 145.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.12M $6.347M
YoY Change 59.48% 425.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $521.6K $521.7K
YoY Change -0.02%
Total Long-Term Liabilities $521.6K $521.7K
YoY Change -0.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.12M $6.347M
Total Long-Term Liabilities $521.6K $521.7K
Total Liabilities $10.64M $6.868M
YoY Change 54.96% 468.59%
SHAREHOLDERS EQUITY
Retained Earnings -$53.17M -$34.93M
YoY Change 52.21% 11.96%
Common Stock $5.880K $749.00
YoY Change 685.05% -84.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.520M $13.00M
YoY Change
Total Liabilities & Shareholders Equity $13.16M $19.87M
YoY Change -33.75% 353.44%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$5.253M -$590.2K
YoY Change 790.03% -63.16%
Depreciation, Depletion And Amortization $30.68K $25.28K
YoY Change 21.36% 5395.65%
Cash From Operating Activities -$1.789M -$784.3K
YoY Change 128.14% -19.93%
INVESTING ACTIVITIES
Capital Expenditures $5.940K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.400K
YoY Change -110.26%
Cash From Investing Activities -$6.350K $1.400K
YoY Change -553.57% -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 1.574M 3.050M
YoY Change -48.41% -55760.95%
NET CHANGE
Cash From Operating Activities -1.789M -784.3K
Cash From Investing Activities -6.350K 1.400K
Cash From Financing Activities 1.574M 3.050M
Net Change In Cash -222.1K 2.267M
YoY Change -109.8% -327.02%
FREE CASH FLOW
Cash From Operating Activities -$1.789M -$784.3K
Capital Expenditures $5.940K
Free Cash Flow -$1.795M
YoY Change

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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
679000 shares
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Cost Of Revenue
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us-gaap Gross Profit
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us-gaap Gross Profit
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ConsultingPayrollAndOtherPayrollCosts
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AREB Consulting Payroll And Other Payroll Costs
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us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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AREB Rental Expense Warehousing Outlet Expense
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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us-gaap Research And Development Expense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
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us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Income Loss
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us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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us-gaap Investment Income Interest
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AREB Employee Retention Credit Funds Net Of Costs To Collect
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1107672 usd
AREB Gainloss On Settlement Of Debt Instrument
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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5879920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5879920 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
678000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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678000 shares
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
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CY2023Q2 AREB Adjustments To Additional Paid In Capital Sale Of Prefunded Common Stock Warrants
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CY2023Q2 us-gaap Conversion Of Stock Shares Converted1
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Stockholders Equity
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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2024Q2 us-gaap Convertible Notes Payable
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CY2024Q2 us-gaap Interest Receivable
InterestReceivable
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CY2024Q2 AREB Premium Payment
PremiumPayment
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CY2024Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
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AREB Adjustments To Additional Paid In Capital Sale Of Prefunded Common Stock Warrants
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us-gaap Adjustments To Additional Paid In Capital Other
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us-gaap Conversion Of Stock Shares Converted1
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StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2478125 usd
CY2024Q2 us-gaap Convertible Notes Payable
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CY2024Q2 us-gaap Interest Receivable
InterestReceivable
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AREB Premium Payment
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Stockholders Equity
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CY2024Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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AREB Loss On Settlement Of Debt
LossOnSettlementOfDebt
250000 usd
AREB Settlement Of Revenue Interest Purchase Note Through Issuance Of Preferred Stock
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750005 usd
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments For Proceeds From Productive Assets
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
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us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
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us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
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us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
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us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
120195 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3008237 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2733253 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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AREB Note Payable Principal And Interest Associated With Revenue Interest Purchase Conversion Series D Preferred Stock
NotePayablePrincipalAndInterestAssociatedWithRevenueInterestPurchaseConversionSeriesDPreferredStock
1000005 usd
AREB Notes Payable Related Party Principal Increase From Assessed Interest Obligations
NotesPayableRelatedPartyPrincipalIncreaseFromAssessedInterestObligations
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AREB Notes Payable Principal Increase From Assessed Interest Obligations
NotesPayablePrincipalIncreaseFromAssessedInterestObligations
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us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_84D_eus-gaap--FiscalPeriod_zN9ytOcyVCg3" 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"><span style="text-decoration: underline"><span id="xdx_864_zhMAh55LhT8l">Year-end</span></span></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"> </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 Company’s year-end is December 31.</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"> </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"></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"> </span></p>
CY2024Q2 AREB Revenue Recognition Percentage
RevenueRecognitionPercentage
1 pure
CY2023Q2 AREB Revenue Recognition Percentage
RevenueRecognitionPercentage
1 pure
AREB Revenue Recognition Percentage
RevenueRecognitionPercentage
1 pure
AREB Revenue Recognition Percentage
RevenueRecognitionPercentage
1 pure
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2024Q2 us-gaap Marketing Expense
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MarketingExpense
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us-gaap Marketing Expense
MarketingExpense
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us-gaap Marketing Expense
MarketingExpense
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CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.87
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.21
us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
less than a 50% likelihood
CY2023 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
less than a 50% likelihood
us-gaap Use Of Estimates
UseOfEstimates
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CY2024Q2 AREB Warranty Liability
WarrantyLiability
85000 usd
CY2023Q4 AREB Warranty Liability
WarrantyLiability
82238 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-817259 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45213594 usd
CY2024Q2 AREB Working Capital
WorkingCapital
129940 usd
CY2023Q4 AREB Working Capital
WorkingCapital
4551927 usd
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
20000000.0 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
4348031 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4017381 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2009087 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1770612 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
6357118 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
5787993 usd
CY2024Q2 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
60000 usd
CY2024Q2 AREB Inventory Finished Goods Written Off
InventoryFinishedGoodsWrittenOff
180000 usd
AREB Inventory Finished Goods Written Off
InventoryFinishedGoodsWrittenOff
180000 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
773437 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
789038 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
462661 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
428543 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
310776 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
360495 usd
CY2024Q2 us-gaap Depreciation
Depreciation
30681 usd
CY2023Q2 us-gaap Depreciation
Depreciation
25275 usd
us-gaap Depreciation
Depreciation
54996 usd
us-gaap Depreciation
Depreciation
54365 usd
CY2024Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
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CY2023Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1456929 usd
CY2024Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1992129 usd
CY2023Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1456929 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
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CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1954214 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
3731790 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1954214 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
3731790 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1954214 usd
CY2024Q2 us-gaap Goodwill
Goodwill
2000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
2000000 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
55856751 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
45213594 usd
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
11729920 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9494850 usd
CY2024Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11729920 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9494850 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11729920 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9494850 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11729920 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9494850 usd
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 June 30, 2024, and December 31, 2023, and recognized 100% valuation allowance for each period
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.000 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.210 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 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
CY2024Q2 us-gaap Share Price
SharePrice
1
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
StockIssuedDuringPeriodSharesNewIssues
24129 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.25
CY2023Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
2993850.63 shares
CY2023Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
71499 shares
CY2023Q2 us-gaap Share Price
SharePrice
4.37
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
615000 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.37
AREB Stock Issued During Period Shares Warrant Inducement And Exercise Of Repriced Common Stock Warrants Per Share
StockIssuedDuringPeriodSharesWarrantInducementAndExerciseOfRepricedCommonStockWarrantsPerShare
2988687 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1096455 shares
CY2022Q4 AREB Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
30.50
CY2022 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
615000 shares
CY2023 AREB Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
4.37
CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Granted Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsGrantedWeightedAverageRemainingContractualTerm2
P5Y
CY2023 AREB Share Based Payment Award Non Options Granted Debt Conversion
ShareBasedPaymentAwardNonOptionsGrantedDebtConversion
686499 shares
CY2023 AREB Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Granted Debt Conversion Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageGrantedDebtConversionExercisePrice
4.24
CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Granted Debt Conversion Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualGrantedDebtConversionTerm2
P5Y
CY2023 AREB Share Based Compensation Arrangement By Share Based Payment Award Non Options Grants In Prefunded Warrant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsGrantsInPrefundedWarrant
1365251 shares
CY2023 AREB Share Based Compensation Arrangements By Share Based Payment Award Non Options Granted Prefunded Warrant Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantedPrefundedWarrantWeightedAverageExercisePrice
1.10
CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Warrant Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualWarrantTerm2
P4Y
CY2023 AREB Share Based Compensation Arrangement By Share Based Payment Award Non Options Grants In Period Pipe Transaction
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsGrantsInPeriodPipeTransaction
5977374 shares
CY2023 AREB Share Based Compensation Arrangements By Share Based Payment Award Non Options Granted Pipe Transaction Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantedPipeTransactionWeightedAverageExercisePrice
1.10
CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm1
P5Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
3603687 shares
CY2023 AREB Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageExercisePrice
0.88
CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Granted Weighted Average Exercised Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsGrantedWeightedAverageExercisedRemainingContractualTerm2
P5Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
6136892 shares
CY2023Q4 AREB Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
3.15
CY2023 AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
6136892 shares
CY2024Q2 AREB Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
3.15
AREB Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M6D
CY2023 AREB Share Based Compensation Arrangements By Share Based Payment Award Non Options Granted Pipe Transaction Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantedPipeTransactionWeightedAverageExercisePrice
1.10
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
185000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
225000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
370000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
450000 usd
CY2023Q4 AREB Operating Lease Right Of Use Asset And Liability
OperatingLeaseRightOfUseAssetAndLiability
1000000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1312831 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1946567 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
791222 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1039081 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
521609 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
907486 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
328118 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
243501 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1000 pure
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0500 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
638836 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
312295 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
267302 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
256782 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
64754 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1539969 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
227138 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1312831 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 usd
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 usd
CY2024Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1992129 usd
CY2024Q2 us-gaap Line Of Credit
LineOfCredit
1900000 usd

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0001493152-24-032142-xbrl.zip Edgar Link pending
areb-20240630.xsd Edgar Link pending
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