2024 Q2 Form 10-Q Financial Statement
#000147793224002796 Filed on May 14, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $11.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | $0.00 | $0.00 | $3.635K |
YoY Change | -100.0% | ||
Gross Profit | $0.00 | $0.00 | -$3.624K |
YoY Change | -100.0% | ||
Gross Profit Margin | -32945.45% | ||
Selling, General & Admin | $3.120K | $7.040K | $7.690K |
YoY Change | -8.45% | 127.51% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $750.00 | $750.00 | $750.00 |
YoY Change | 0.0% | 0.0% | |
% of Gross Profit | |||
Operating Expenses | $3.870K | $7.791K | $8.436K |
YoY Change | -7.65% | 104.41% | |
Operating Profit | -$3.870K | -$7.791K | -$12.06K |
YoY Change | -35.4% | 192.22% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $1.690K | $214.00 | $21.00 |
YoY Change | 919.05% | -86.0% | |
Pretax Income | $9.070K | -$7.580K | -$12.04K |
YoY Change | -37.04% | 202.51% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $9.070K | -$7.577K | -$12.04K |
YoY Change | -37.06% | 202.72% | |
Net Earnings / Revenue | -109445.45% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 4.400M shares | 4.400M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.800K | $80.00 | $2.160K |
YoY Change | -96.3% | -87.25% | |
Cash & Equivalents | $1.795K | $79.00 | $2.157K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $0.00 | $0.00 | $0.00 |
Prepaid Expenses | |||
Receivables | $833.00 | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $1.795K | $79.00 | $2.990K |
YoY Change | -13.16% | -97.36% | -82.35% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | $1.000K | $1.000K | $1.000K |
YoY Change | 0.0% | 0.0% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.125K | $1.875K | $4.875K |
YoY Change | -72.73% | -61.54% | -38.13% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.795K | $79.00 | $2.990K |
Total Long-Term Assets | $1.125K | $1.875K | $4.875K |
Total Assets | $2.920K | $1.954K | $7.865K |
YoY Change | -52.84% | -75.16% | -68.31% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $33.69K | $50.32K | $49.97K |
YoY Change | -31.96% | 0.7% | 69.15% |
Accrued Expenses | $46.36K | $48.04K | $48.25K |
YoY Change | -3.94% | -0.43% | 0.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $200.7K | $190.7K | $165.7K |
YoY Change | 15.09% | 7.42% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $280.7K | $289.0K | $263.9K |
YoY Change | 5.36% | 9.53% | 13.74% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $280.7K | $289.0K | $263.9K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $280.7K | $289.0K | $263.9K |
YoY Change | 9.53% | 13.74% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$19.28M | -$19.29M | -$19.25M |
YoY Change | 0.1% | 0.17% | 0.26% |
Common Stock | $4.400K | $0.00 | $4.400K |
YoY Change | 0.0% | -100.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$277.8K | -$287.1K | -$256.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.920K | $1.954K | $7.865K |
YoY Change | -52.84% | -75.16% | -68.31% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $9.070K | -$7.577K | -$12.04K |
YoY Change | -37.06% | 202.72% | |
Depreciation, Depletion And Amortization | $750.00 | $750.00 | $750.00 |
YoY Change | 0.0% | 0.0% | |
Cash From Operating Activities | -$8.280K | -$5.920K | -$6.700K |
YoY Change | -11.64% | 115.43% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 10.00K | 6.000K | 0.000 |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -8.280K | -5.920K | -6.700K |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | 10.00K | 6.000K | 0.000 |
Net Change In Cash | 1.720K | 80.00 | -6.700K |
YoY Change | -101.19% | 115.43% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.280K | -$5.920K | -$6.700K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$6.700K | ||
YoY Change | 115.43% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
350 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
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315 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures 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 from those estimates. The Company provides estimates for its common stock valuations and valuation allowances for deferred taxes.</p> | ||
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Other Noncash Income Expense
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--06-30 | ||
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Q3 | ||
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2024 | ||
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Preferred Stock Par Or Stated Value Per Share
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0.001 | |
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Preferred Stock Shares Authorized
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Preferred Stock Shares Issued
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Entity File Number
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000-54838 | ||
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ARTISAN CONSUMER GOODS, INC. | ||
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NV | ||
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Entity Tax Identification Number
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26-1240056 | ||
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999 N Northlake Way Ste 203 | ||
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Seattle | ||
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WA | ||
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1155 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1645 | usd | |
us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
214 | usd | |
us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
36 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-833 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8224 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
796 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5717 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23988 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-32848 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
22000 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
21450 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
22000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
21450 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1988 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-11398 | usd | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2067 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13555 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
79 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2157 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
CY2024Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
750 | usd |
CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
21 | usd |