2024 Q1 Form 10-Q Financial Statement

#000155479524000012 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $52.89K $34.93K
YoY Change -3122.29% -75.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $52.88K $34.93K
YoY Change 477.92% -75.26%
Operating Profit -$34.93K
YoY Change -75.26%
Interest Expense -$15.39K $36.25K
YoY Change -57.53% 57.7%
% of Operating Profit
Other Income/Expense, Net $0.00 $121.1K
YoY Change -100.0% -2727.1%
Pretax Income -$274.0K $86.16K
YoY Change -74.76% -159.1%
Income Tax
% Of Pretax Income
Net Earnings -$274.0K $86.16K
YoY Change -74.76% -159.1%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 30.08M shares 24.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.300K $12.59K
YoY Change -85.12% -50.67%
Cash & Equivalents $4.298K $12.59K
Short-Term Investments
Other Short-Term Assets $6.500K $3.990K
YoY Change -18.55%
Inventory
Prepaid Expenses $6.500K $3.990K
Receivables
Other Receivables
Total Short-Term Assets $10.80K $16.58K
YoY Change -70.72% -35.01%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $10.80K $16.58K
Total Long-Term Assets $0.00 $0.00
Total Assets $10.80K $16.58K
YoY Change -70.72% -35.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500K
YoY Change -90.91%
Accrued Expenses $13.03K $76.63K
YoY Change -55.67%
Deferred Revenue
YoY Change
Short-Term Debt $180.4K $194.7K
YoY Change 190.92% 309.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $193.4K $278.8K
YoY Change 5.66% 25.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $193.4K $278.8K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $193.4K $278.8K
YoY Change 5.66% 25.78%
SHAREHOLDERS EQUITY
Retained Earnings -$17.52M -$17.24M
YoY Change 2.33% 7.55%
Common Stock $30.24K $25.02K
YoY Change 22.46% -95.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$182.6K -$262.2K
YoY Change
Total Liabilities & Shareholders Equity $10.80K $16.58K
YoY Change -70.72% -35.01%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$274.0K $86.16K
YoY Change -74.76% -159.1%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$33.30K -$3.800K
YoY Change 25.09% -85.05%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $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 25.00K 7.500K
YoY Change -16.67% -78.57%
NET CHANGE
Cash From Operating Activities -33.30K -3.800K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 25.00K 7.500K
Net Change In Cash -8.300K 3.700K
YoY Change -345.56% -61.38%
FREE CASH FLOW
Cash From Operating Activities -$33.30K -$3.800K
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zLxMI76nu0bc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86B_zZSU8eCq64v8">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_843_eus-gaap--ConcentrationRiskCreditRisk_zneVB7LnKbzl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86C_z9pmcoRpzekj">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 Officers Compensation
OfficersCompensation
34000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
32000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
18000 usd
CY2023Q4 ATAO Amounts Due To Related Party
AmountsDueToRelatedParty
4000 usd
ATAO Note Holder
NoteHolder
EROP Enterprises (2)
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
88169 usd
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
35872 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-3972 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
86921 usd
ATAO Eliminate Derivate For Change Of Conversion Feature
EliminateDerivateForChangeOfConversionFeature
-206990 usd
CY2022Q4 us-gaap Share Price
SharePrice
0.051
CY2023 ATAO Conversion Price Minimum
ConversionPriceMinimum
0.015
CY2023 ATAO Conversion Price Maximum
ConversionPriceMaximum
0.056
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.8753 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
2.0008 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0464 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0494 pure
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 25
CY2023Q1 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
500000000 shares
ATAO Common Stock Reclassed To Additional Paid In Capital
CommonStockReclassedToAdditionalPaidInCapital
592619 usd
CY2021Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
40000 shares
CY2023Q4 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
CY2023Q4 ATAO Warrants Estimates Used Stock Price
WarrantsEstimatesUsedStockPrice
4.50
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
us-gaap Officers Compensation
OfficersCompensation
22000 usd

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