2025 Q1 Form 10-Q Financial Statement

#000147793225000228 Filed on January 14, 2025

View on sec.gov

Income Statement

Concept 2025 Q1 2024 Q4 2024 Q3
Revenue $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
YoY Change
% of Gross Profit
Operating Expenses $464.4K
YoY Change 51.08%
Operating Profit -$464.4K
YoY Change 51.08%
Interest Expense $164.5K
YoY Change 5985.57%
% of Operating Profit
Other Income/Expense, Net -$164.5K
YoY Change 1849.94%
Pretax Income -$628.9K
YoY Change 99.14%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$628.9K
YoY Change 99.14%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01
COMMON SHARES
Basic Shares Outstanding 82.44M shares 74.76M shares 72.81M shares
Diluted Shares Outstanding 74.70M shares

Balance Sheet

Concept 2025 Q1 2024 Q4 2024 Q3
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 2025 Q1 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$628.9K
YoY Change 99.14%
Depreciation, Depletion And Amortization $1.036K
YoY Change
Cash From Operating Activities -$219.7K
YoY Change 2273.79%
INVESTING ACTIVITIES
Capital Expenditures
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 $200.0K
YoY Change
NET CHANGE
Cash From Operating Activities -$219.7K
Cash From Investing Activities $0.00
Cash From Financing Activities $200.0K
Net Change In Cash -$19.72K
YoY Change 113.03%
FREE CASH FLOW
Cash From Operating Activities -$219.7K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<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>
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18528 usd
CY2024Q4 asre Liquidation Description
LiquidationDescription
the Liquidation Preference Amount which is the product of the stocks Stated Value of $40 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock
CY2024Q4 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
175000 shares
CY2024Q4 asre Share Based Compensation Arrangement By Share Based Payment Award Fair Value Of Underlying Share On Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOfUnderlyingShareOnGrantDate
0.11
CY2024Q4 asre Non Cash Compensation Expense
NonCashCompensationExpense
19250 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 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
CY2024 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Start
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermStart
P0Y6M21D
CY2024 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
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
569000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.00
CY2024 asre Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual End Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualEndPeriod
P0Y1M9D
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
569000 shares
CY2024Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2024Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2024Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2024Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2024Q4 asre Aggregate Intrinsic Value Amount
AggregateIntrinsicValueAmount
0 usd
CY2024Q4 us-gaap Business Development
BusinessDevelopment
21823 usd

Files In Submission

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0001477932-25-000228-index-headers.html Edgar Link pending
0001477932-25-000228-index.html Edgar Link pending
0001477932-25-000228.txt Edgar Link pending
0001477932-25-000228-xbrl.zip Edgar Link pending
asre-20241130.xsd Edgar Link pending
asre_10q.htm Edgar Link pending
asre_ex311.htm Edgar Link pending
asre_ex312.htm Edgar Link pending
asre_ex321.htm Edgar Link pending
asre_ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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asre-20241130_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
asre_10q_htm.xml Edgar Link completed
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asre-20241130_cal.xml Edgar Link unprocessable
asre-20241130_def.xml Edgar Link unprocessable
asre-20241130_lab.xml Edgar Link unprocessable