2024 Q4 Form 10-K Financial Statement

#000147793224008111 Filed on December 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.036K $88.31K
YoY Change
% of Gross Profit
Operating Expenses $464.4K $2.349M
YoY Change 51.08% -29.78%
Operating Profit -$464.4K -$2.349M
YoY Change 51.08% -29.78%
Interest Expense $164.5K $1.881M
YoY Change 5985.57% 13820.07%
% of Operating Profit
Other Income/Expense, Net -$164.5K -$1.139M
YoY Change 1849.94% -116.07%
Pretax Income -$628.9K -$3.487M
YoY Change 99.14% -66.56%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$628.9K -$3.487M
YoY Change 99.14% -66.56%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$0.05
COMMON SHARES
Basic Shares Outstanding 74.76M shares 72.81M shares 72.47M shares
Diluted Shares Outstanding 74.70M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.294K $23.01K
Short-Term Investments
Other Short-Term Assets $47.31K $35.91K
YoY Change
Inventory
Prepaid Expenses $2.465M $2.465M
Receivables $240.0K $240.0K
Other Receivables
Total Short-Term Assets $2.986M $2.999M
YoY Change 21237.93% 12800.42%
LONG-TERM ASSETS
Property, Plant & Equipment $18.53K $19.56K
YoY Change -99.62% -99.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $9.009M $9.033M
YoY Change -2.37% 19.75%
TOTAL ASSETS
Total Short-Term Assets $2.986M $2.999M
Total Long-Term Assets $9.009M $9.033M
Total Assets $12.00M $12.03M
YoY Change 29.79% 59.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.086M $965.3K
YoY Change 138.9% 263.01%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.682M $7.110M
YoY Change 449.54% 531.57%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.682M $7.110M
Total Long-Term Liabilities
Total Liabilities $12.24M $11.67M
YoY Change 101.1% 100.67%
SHAREHOLDERS EQUITY
Retained Earnings -$56.77M -$56.14M
YoY Change 7.17% 6.62%
Common Stock $74.76K $72.81K
YoY Change 2.74% 7.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$249.1K $360.6K
YoY Change
Total Liabilities & Shareholders Equity $12.00M $12.03M
YoY Change 29.79% 59.02%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income -$628.9K -$3.487M
YoY Change 99.14% -66.56%
Depreciation, Depletion And Amortization $1.036K $88.31K
YoY Change
Cash From Operating Activities -$219.7K -$31.80K
YoY Change 2273.79% -94.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$20.72K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $200.0K $52.29K
YoY Change -87.48%
NET CHANGE
Cash From Operating Activities -$219.7K -$31.80K
Cash From Investing Activities $0.00 -$20.72K
Cash From Financing Activities $200.0K $52.29K
Net Change In Cash -$19.72K -$238.00
YoY Change 113.03% -99.86%
FREE CASH FLOW
Cash From Operating Activities -$219.7K -$31.80K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
2510500 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
93011 usd
CY2024 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
93011 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
CY2024 asre Financial Guarantee Insurance
FinancialGuaranteeInsurance
2465200 usd
CY2023 asre Financial Guarantee Insurance
FinancialGuaranteeInsurance
0 usd
CY2024 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
224500 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52289 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
417511 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-238 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-175649 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23250 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
198899 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23012 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23250 usd
CY2024 asre Issuance Of Common Stock For Investment
IssuanceOfCommonStockForInvestment
0 usd
CY2023 asre Issuance Of Common Stock For Investment
IssuanceOfCommonStockForInvestment
2725000 usd
CY2024 asre Issuance Of Common Stock For License Asset
IssuanceOfCommonStockForLicenseAsset
1685000 usd
CY2023 asre Issuance Of Common Stock For License Asset
IssuanceOfCommonStockForLicenseAsset
0 usd
CY2024 asre Issuance Of Common Stock For Prepayment Of Acquisition
IssuanceOfCommonStockForPrepaymentOfAcquisition
0 usd
CY2023 asre Issuance Of Common Stock For Prepayment Of Acquisition
IssuanceOfCommonStockForPrepaymentOfAcquisition
7049212 usd
CY2024 asre Establish Right Of Use Asset
EstablishRightOfUseAsset
0 usd
CY2023 asre Establish Right Of Use Asset
EstablishRightOfUseAsset
4818471 usd
CY2024 asre Issuance Of Common Stock For Conversion Of Debt
IssuanceOfCommonStockForConversionOfDebt
23200 usd
CY2023 asre Issuance Of Common Stock For Conversion Of Debt
IssuanceOfCommonStockForConversionOfDebt
0 usd
CY2024 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 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2024 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.10 pure
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-3487467 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-10430545 usd
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72472237 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70475577 shares
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-56142747 usd
CY2024Q2 asre Automobile Gross
AutomobileGross
20723 usd
CY2024 us-gaap Depreciation
Depreciation
1159 usd
CY2024Q2 asre Automobile Gross Amount
AutomobileGrossAmount
20723 usd
CY2024Q2 asre Automobile Accumulated Depreciation
AutomobileAccumulatedDepreciation
1159 usd
CY2024Q2 asre Automobile Net Amount
AutomobileNetAmount
19564 usd
CY2024 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
5000000 shares
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
318467 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
167614 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
167614 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
167614 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
167614 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFive
167614 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling After Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
4525579 usd
CY2024Q3 us-gaap Capital Leases Future Minimum Payments Executory Costs
CapitalLeasesFutureMinimumPaymentsExecutoryCosts
5363649 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
672638 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4691011 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
128519 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4562492 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
CY2022Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
20000 usd
CY2022Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.08 pure
CY2022Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1.00
CY2024Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
46400 shares
CY2024 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
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
CY2024 asre Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
569000 shares
CY2024Q3 asre Exercise Price Of Warrants
ExercisePriceOfWarrants
1.00
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
CY2023 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Start
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermStart
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
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 asre Aggregate Intrinsic Value Amount
AggregateIntrinsicValueAmount
0 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2326000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
569000 shares
CY2024 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual End Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualEndPeriod
P0Y1M9D
CY2024 asre Aggregate Intrinsic Value Amount
AggregateIntrinsicValueAmount
0 usd
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7529000 usd
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.21 pure
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
493000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
699000 usd
CY2024 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-493000 usd
CY2023 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
-699000 usd
CY2024 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 usd
CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
0 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.21 pure
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8022000 usd
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7529000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8022000 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7529000 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd

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