2023 Form 10-K Financial Statement

#000147793224000210 Filed on January 16, 2024

View on sec.gov

Income Statement

Concept 2023 2022
Revenue $0.00 $25.00K
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.525M $1.869M
YoY Change 35.11% 109.31%
% of Gross Profit
Research & Development $819.7K $712.7K
YoY Change 15.02% 345.4%
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $3.345M $2.582M
YoY Change 29.57% 145.18%
Operating Profit -$3.345M -$2.632M
YoY Change 27.1%
Interest Expense $13.51K -$2.780K
YoY Change -585.97% -24.04%
% of Operating Profit
Other Income/Expense, Net $7.085M $9.704M
YoY Change -26.98%
Pretax Income -$10.43M -$2.635M
YoY Change 295.91% 149.33%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.43M -$2.635M
YoY Change 295.91% 149.33%
Net Earnings / Revenue -10538.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.15 -$0.06
COMMON SHARES
Basic Shares Outstanding 70.48M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.25K $198.9K
YoY Change -88.31% 109.88%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $27.03M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $23.25K $27.42M
YoY Change -99.92% 28832.59%
LONG-TERM ASSETS
Property, Plant & Equipment $4.818M $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.725M $0.00
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $7.543M $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $23.25K $27.42M
Total Long-Term Assets $7.543M $0.00
Total Assets $7.567M $27.42M
YoY Change -72.4% 28832.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $588.4K $156.5K
YoY Change 275.89% 8.28%
Accrued Expenses $134.3K $630.00
YoY Change 21217.46%
Deferred Revenue
YoY Change
Short-Term Debt $213.0K $20.00K
YoY Change 965.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.126M $447.4K
YoY Change 151.64% 209.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.691M $0.00
YoY Change
Total Long-Term Liabilities $4.691M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.126M $447.4K
Total Long-Term Liabilities $4.691M $0.00
Total Liabilities $5.817M $447.4K
YoY Change 1200.24% 209.44%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.750M $26.97M
YoY Change
Total Liabilities & Shareholders Equity $7.567M $27.42M
YoY Change -72.4% 28832.59%

Cashflow Statement

Concept 2023 2022
OPERATING ACTIVITIES
Net Income -$10.43M -$2.635M
YoY Change 295.91% 149.33%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$593.2K -$1.074M
YoY Change -44.76% 132.82%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.158M
YoY Change 108.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $417.5K 1.178M
YoY Change -64.56% 111.87%
NET CHANGE
Cash From Operating Activities -$593.2K -1.074M
Cash From Investing Activities $0.00 $0.00
Cash From Financing Activities $417.5K 1.178M
Net Change In Cash -$175.6K 104.1K
YoY Change -268.68% 9.89%
FREE CASH FLOW
Cash From Operating Activities -$593.2K -$1.074M
Capital Expenditures
Free Cash Flow
YoY Change

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StockIssuedForAcquisitionRegreen
7049212 usd
CY2022 asre Stock Issued For Acquisition Regreen
StockIssuedForAcquisitionRegreen
9071000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.</p>
CY2023 asre Net Loss
NetLoss
-10430545 usd
CY2022 asre Net Loss
NetLoss
-12335445 usd
CY2023 asre Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
70475577 shares
CY2022 asre Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
45567354 shares
CY2023 asre Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.15
CY2022 asre Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.27
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7529000 usd
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.21 pure
CY2023Q3 asre Operating Leases Future Minimum Payments Next Rolling Twelve Month
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonth
167614 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
167614 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
167614 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
167614 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFive
167614 usd
CY2023Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling After Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
4693192 usd
CY2023Q3 us-gaap Capital Leases Future Minimum Payments Executory Costs
CapitalLeasesFutureMinimumPaymentsExecutoryCosts
5531262 usd
CY2023Q3 asre Operating Leases Future Minimum Payments Due In Rolling Less Imputed Interest
OperatingLeasesFutureMinimumPaymentsDueInRollingLessImputedInterest
712791 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4818471 usd
CY2022 us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
194520 usd
CY2023Q3 us-gaap Ownshare Lending Arrangement Shares Issued
OwnshareLendingArrangementSharesIssued
200000 shares
CY2023Q3 asre Common Stock Shared Value
CommonStockSharedValue
2.10
CY2023 us-gaap Noncash Contribution Expense
NoncashContributionExpense
420000 usd
CY2023Q1 us-gaap Notes Payable
NotesPayable
100000 usd
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.10 pure
CY2022Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.08 pure
CY2022Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1.00
CY2023Q3 asre Interest On Debenture
InterestOnDebenture
1470 usd
CY2022Q1 asre Cancelled Shares
CancelledShares
8000 shares
CY2023 asre Liquidation Description
LiquidationDescription
the Liquidation Preference Amount which is the product of the stocks Stated Value of $40.00 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock
CY2022 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
2286000 shares
CY2022Q3 us-gaap Share Price
SharePrice
0.50
CY2022 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1143000 usd
CY2023 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
569000 shares
CY2023 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
284500 usd
CY2023 asre Impairment Loss
ImpairmentLoss
7049212 usd
CY2022Q3 asre Subscription Receivable Share
SubscriptionReceivableShare
10000 shares
CY2022Q3 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
5000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.00
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0438 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2326000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.00
CY2022 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTermGranted
P2Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2326000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.00
CY2022 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual End Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualEndPeriod
P1Y6M3D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
569000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.00
CY2023 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTermGranted
P2Y
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2895000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.00
CY2023 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual End Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualEndPeriod
P0Y6M21D
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
699000 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
553000 usd
CY2023 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-699000 usd
us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-553000 usd
CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.21 pure
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7529000 usd
CY2022Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
6830000 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7529000 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6830000 usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd

Files In Submission

Name View Source Status
asre-20230831_cal.xml Edgar Link unprocessable
asre-20230831_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
asre-20230831_def.xml Edgar Link unprocessable
asre-20230831_lab.xml Edgar Link unprocessable
0001477932-24-000210-index-headers.html Edgar Link pending
0001477932-24-000210-index.html Edgar Link pending
0001477932-24-000210.txt Edgar Link pending
0001477932-24-000210-xbrl.zip Edgar Link pending
asre-20230831.xsd Edgar Link pending
asre_10k.htm Edgar Link pending
asre_10kimg1.jpg Edgar Link pending
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asre_ex311.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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asre_10k_htm.xml Edgar Link completed
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