2023 Q1 Form 10-Q Financial Statement

#000155479523000034 Filed on February 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin -$1.750K $141.2K $67.32K
YoY Change -101.29% 109.69% -96.46%
% of Gross Profit
Research & Development $10.89K $0.00 $32.80K
YoY Change 38.37% -100.0% 64.0%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $9.150K $141.2K $100.1K
YoY Change -93.61% 40.99% -94.8%
Operating Profit -$141.2K -$100.1K
YoY Change 40.99%
Interest Expense -$36.24K $22.99K -$289.9K
YoY Change -18.56% -107.93% -21.15%
% of Operating Profit
Other Income/Expense, Net -$916.3K -$4.609K -$7.520K
YoY Change -7501.05% -38.71%
Pretax Income -$1.086M -$145.8K -$402.9K
YoY Change 327.13% -63.82% -82.44%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.086M -$145.8K -$402.9K
YoY Change 327.13% -63.82% -82.44%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.05 -$0.01 -$694.50
COMMON SHARES
Basic Shares Outstanding 612.8M shares 611.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.90K $25.52K $9.020K
YoY Change 38.15% 182.93% -95.49%
Cash & Equivalents $28.90K $25.52K $9.015K
Short-Term Investments
Other Short-Term Assets $7.980K $0.00 $0.00
YoY Change -97.04% -100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $36.88K $25.52K $9.020K
YoY Change -87.32% 182.9% -95.52%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $75.00K
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $0.00 $0.00 $75.00K
YoY Change -100.0% 150.0%
TOTAL ASSETS
Total Short-Term Assets $36.88K $25.52K $9.020K
Total Long-Term Assets $0.00 $0.00 $75.00K
Total Assets $36.88K $25.52K $84.02K
YoY Change -87.32% -69.63% -63.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500K $38.50K $2.300K
YoY Change 1573.91% -96.66%
Accrued Expenses $29.39K $0.00 $10.73K
YoY Change 636.41% -100.0% 109.98%
Deferred Revenue
YoY Change
Short-Term Debt $62.01K $47.58K $14.17K
YoY Change -41.09% 235.78% -93.69%
Long-Term Debt Due $124.2K
YoY Change 152.56%
Total Short-Term Liabilities $183.1K $221.7K $189.4K
YoY Change -33.54% 17.04% -92.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $183.1K $221.7K $189.4K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $183.1K $221.7K $189.4K
YoY Change -33.54% 17.04% -92.73%
SHAREHOLDERS EQUITY
Retained Earnings -$17.12M -$16.03M -$15.11M
YoY Change 11.39% 6.08%
Common Stock $24.69K $612.8K
YoY Change -95.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$146.2K -$196.1K -$105.4K
YoY Change
Total Liabilities & Shareholders Equity $36.88K $25.52K $84.02K
YoY Change -87.32% -69.63% -63.65%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$1.086M -$145.8K -$402.9K
YoY Change 327.13% -63.82% -82.44%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$26.62K -$25.42K -$56.82K
YoY Change -34.43% -55.26% 187.41%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.00K 35.00K 37.50K
YoY Change -42.86% -6.67% -84.18%
NET CHANGE
Cash From Operating Activities -26.62K -25.42K -56.82K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 30.00K 35.00K 37.50K
Net Change In Cash 3.380K 9.580K -19.32K
YoY Change -71.6% -149.59% -110.32%
FREE CASH FLOW
Cash From Operating Activities -$26.62K -$25.42K -$56.82K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$26.62K -$56.82K
YoY Change -34.43% -655.43%

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NetCashProvidedByUsedInOperatingActivities
-115399 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-355640 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
70000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
467500 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
50000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
75000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
300000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
120000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
242500 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4601 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-113140 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20917 usd
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
122155 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25518 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9015 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
253465 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
545079 usd
ATAO Royalty Percentage Paid License Agreement
RoyaltyPercentagePaidLicenseAgreement
0.05 pure
ATAO Royalty Percentage Paid Decreased Amount License Agreement
RoyaltyPercentagePaidDecreasedAmountLicenseAgreement
0.03 pure
ATAO Royalty Amount Paid Maximum Annual Limit License Agreement
RoyaltyAmountPaidMaximumAnnualLimitLicenseAgreement
8000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0163 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y25D
ATAO Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm2
P0Y10M24D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y5M8D
CY2022 ATAO Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm2
P0Y11M4D
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zCbxxlCVgXv2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_869_zOtVixSS92s6">Use of estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; 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. Actual results may differ from those estimates.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84F_eus-gaap--ConcentrationRiskCreditRisk_zV8jztop8zxj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86E_zILS0671Fsd5">Concentrations of Credit Risk</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.</p>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.3656 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.8719 pure
CY2021 ATAO Company Shares Received By Cryptosolar
CompanySharesReceivedByCryptosolar
2500000 shares
CY2021 ATAO Additional Shares To Be Issued To Cryptosolar
AdditionalSharesToBeIssuedToCryptosolar
900000 shares
CY2021 ATAO Net Profit Percentage To Be Paid To Crypto Solar
NetProfitPercentageToBePaidToCryptoSolar
0.20 pure
ATAO Monthly Consulting Fee Paid
MonthlyConsultingFeePaid
4000 usd
CY2021 ATAO Company Shares Received By Cryptosolar
CompanySharesReceivedByCryptosolar
2500000 shares
CY2021 ATAO Shares Issued Asset Purchase Agreement Price Per Share
SharesIssuedAssetPurchaseAgreementPricePerShare
0.18
CY2021 ATAO Noncash Expense Of Share Issuances
NoncashExpenseOfShareIssuances
450000 usd
CY2022 ATAO Company Shares Received By Cryptosolar
CompanySharesReceivedByCryptosolar
400000 shares
CY2022 ATAO Shares Issued Asset Purchase Agreement Price Per Share
SharesIssuedAssetPurchaseAgreementPricePerShare
0.08
CY2022 ATAO Noncash Expense Of Share Issuances
NoncashExpenseOfShareIssuances
32000 usd
CY2021 ATAO Noncash Expense Of Share Issuances Impairment
NoncashExpenseOfShareIssuancesImpairment
450000 usd
CY2022 ATAO Noncash Expense Of Share Issuances Impairment
NoncashExpenseOfShareIssuancesImpairment
32000 usd
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
25000 usd
CY2022Q4 us-gaap Share Price
SharePrice
0.0108
CY2022Q1 us-gaap Share Price
SharePrice
0.0255
ATAO Conversion Price Maximum
ConversionPriceMaximum
0.007
CY2022 ATAO Conversion Price Maximum
ConversionPriceMaximum
0.0172
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.2288 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.4618 pure
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
0 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3991 usd
CY2021Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1000000 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.25
ATAO Aggregate Fair Value Of Warrants
AggregateFairValueOfWarrants
180000 usd
CY2022Q4 ATAO Warrants Estimates Used Stock Price
WarrantsEstimatesUsedStockPrice
0.18
ATAO Warrants Estimates Used Exercise Price
WarrantsEstimatesUsedExercisePrice
0.25
ATAO Warrants Estimates Used Risk Free Rate
WarrantsEstimatesUsedRiskFreeRate
0.0157 pure
ATAO Warrants Estimates Used Volatility
WarrantsEstimatesUsedVolatility
7.3546 pure
ATAO Warrants Estimates Used Expected Life
WarrantsEstimatesUsedExpectedLife
P3Y
us-gaap Officers Compensation
OfficersCompensation
34000 usd
us-gaap Officers Compensation
OfficersCompensation
36000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
6000 usd
CY2022 ATAO Stock Issued During Period Shares Related Parties2
StockIssuedDuringPeriodSharesRelatedParties2
10000000 shares
CY2022 ATAO Stock Issued During Period Price Per Share Related Parties2
StockIssuedDuringPeriodPricePerShareRelatedParties2
0.036
CY2022 ATAO Stock Issued Related Party Non Cash Stock Compensation Expense2
StockIssuedRelatedPartyNonCashStockCompensationExpense2
360000 usd
ATAO Conversion Of Payables Into Common Stock Amount
ConversionOfPayablesIntoCommonStockAmount
22500 usd
ATAO Conversion Of Payables Into Common Stock Shares
ConversionOfPayablesIntoCommonStockShares
1750000 shares
CY2023Q1 ATAO Monthly Officer Compensation
MonthlyOfficerCompensation
4000 usd

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