$BCRD
BlueOne Card, Inc.

2022 Q3 Form 10-Q Financial Statement

#000149315222022121 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $136.4K $385.7K $111.7K
YoY Change -12.67% 275.42% -2.18%
% of Gross Profit
Research & Development $2.240K
YoY Change
% of Gross Profit
Depreciation & Amortization $8.117K $11.38K $10.81K
YoY Change -22.84% 8.16% -72.17%
% of Gross Profit
Operating Expenses $140.9K $402.9K $111.7K
YoY Change -9.78% 272.87% 30.06%
Operating Profit -$140.9K -$402.9K -$111.7K
YoY Change -5.28% 272.87%
Interest Expense $1.167K $1.424K -$580.00
YoY Change -371.4% 96.69% -12.12%
% of Operating Profit
Other Income/Expense, Net -$1.167K -$1.424K $0.00
YoY Change 168.89% 96.69%
Pretax Income -$142.1K -$404.3K -$134.8K
YoY Change -6.73% 271.7% 29.92%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$142.1K -$404.3K -$134.8K
YoY Change -6.73% 271.7% 29.92%
Net Earnings / Revenue
Basic Earnings Per Share -$0.01 -$0.04
Diluted Earnings Per Share -$13.82K -$39.53K -$13.52K
COMMON SHARES
Basic Shares Outstanding 10.28M shares 10.23M shares
Diluted Shares Outstanding 10.28M shares 10.23M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.89K $121.6K $41.32K
YoY Change -92.66% -54.09% -87.86%
Cash & Equivalents $19.89K $121.5K $41.32K
Short-Term Investments
Other Short-Term Assets $294.2K $294.2K $270.5K
YoY Change 83.95% 88.23% 74.44%
Inventory $77.90K
Prepaid Expenses $294.2K $294.2K $270.5K
Receivables
Other Receivables
Total Short-Term Assets $314.1K $415.8K $311.8K
YoY Change -27.08% -1.26% -37.08%
LONG-TERM ASSETS
Property, Plant & Equipment $60.26K $123.9K $135.3K
YoY Change -57.9% -19.36% -17.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $118.0K $123.9K $135.3K
YoY Change -17.57% -19.36% -17.6%
TOTAL ASSETS
Total Short-Term Assets $314.1K $415.8K $311.8K
Total Long-Term Assets $118.0K $123.9K $135.3K
Total Assets $432.1K $539.7K $447.1K
YoY Change -24.71% -6.1% -32.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $62.58K $39.49K $39.10K
YoY Change 174.71% 86.54% 42.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $12.84K $12.70K
YoY Change -100.0% 4.05% 4.01%
Total Short-Term Liabilities $430.6K $389.5K $311.8K
YoY Change 98.03% 108.49% 94.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $40.50K $43.76K
YoY Change -100.0% -24.06% -22.49%
Other Long-Term Liabilities $33.81K
YoY Change
Total Long-Term Liabilities $33.81K $40.50K $43.76K
YoY Change -32.62% -24.06% -22.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $430.6K $389.5K $311.8K
Total Long-Term Liabilities $33.81K $40.50K $43.76K
Total Liabilities $464.4K $430.0K $355.6K
YoY Change 73.54% 79.05% 64.33%
SHAREHOLDERS EQUITY
Retained Earnings -$1.686M -$1.544M -$1.140M
YoY Change
Common Stock $10.28K $10.28K $9.980K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$32.39K $109.7K $91.54K
YoY Change
Total Liabilities & Shareholders Equity $432.1K $539.7K $447.1K
YoY Change -24.71% -6.1% -32.23%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$142.1K -$404.3K -$134.8K
YoY Change -6.73% 271.7% 29.92%
Depreciation, Depletion And Amortization $8.117K $11.38K $10.81K
YoY Change -22.84% 8.16% -72.17%
Cash From Operating Activities -$101.7K -$89.14K -$163.2K
YoY Change -12.3% 22.57% -47.4%
INVESTING ACTIVITIES
Capital Expenditures -$13.50K
YoY Change -30.77%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$13.50K
YoY Change -30.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $172.5K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $169.4K 50.87K
YoY Change -100.0% -5740.16% -92.41%
NET CHANGE
Cash From Operating Activities -101.7K -$89.14K -163.2K
Cash From Investing Activities -13.50K
Cash From Financing Activities 0.000 $169.4K 50.87K
Net Change In Cash -101.7K $80.23K -125.8K
YoY Change -1780.5% -205.94% -136.95%
FREE CASH FLOW
Cash From Operating Activities -$101.7K -$89.14K -$163.2K
Capital Expenditures -$13.50K
Free Cash Flow -$89.14K -$149.7K
YoY Change 22.57% -48.51%

Facts In Submission

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<p id="xdx_803_eus-gaap--NatureOfOperations_zgNuRO3xzpk8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_823_z2MLqH4FalR8">NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">General</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The unaudited condensed financial statements of BlueOne Card, Inc. (“BlueOne” or the “Company”) as of June 30, 2022 and for the three months ended June 30, 2022 and 2021 should be read in conjunction with the financial statements for the years ended March 31, 2022 and 2021, respectively. BlueOne (formerly known as Avenue South Ltd., TBSS International, Inc., or Manneking Inc.), was incorporated on July 6, 2007 under the laws of the state of Nevada. The Company started its business as a retailer and importer of domestic home furnishings from Hong Kong. On September 30, 2011, the Company changed its name to TBSS International, Inc., which was engaged in gold mining and drilling and general construction. On April 26, 2019, Corporate Compliance, LLC filed a re-application for custodianship pursuant to Nevada Revised Statutes NRS 78.347. The Eighth Judicial District Court of Clark County, Nevada granted custodianship over TBSS International, Inc. to Corporate Compliance, LLC. On October 15, 2019, the Company changed its name to Manneking Inc., and then to BlueCard One, Inc. on June 30, 2020.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eus-gaap--StockholdersEquityReverseStockSplit_c20220401__20220630_zbgraiCftXP" title="Reverse stock splits">On October 15, 2019 and on June 30, 2020, the Company effectuated a 1-for-100 reverse stock splits (the “Reverse Splits”) of its issued and outstanding common stock.</span> As a result of the Reverse Splits, each one hundred shares of issued and outstanding prior to the Reverse Splits were converted into one share of common stock (See Note 8). All share and per share numbers in the unaudited condensed financial statements and notes below have been revised retroactively to reflect the Reverse Splits.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Risk and Uncertainty Concerning COVID-19 Pandemic</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic which continues to spread throughout the United States and the World. We are currently monitoring the outbreak of COVID-19 and the related business and travel restrictions and changes to behavior intended to reduce its spread. If the coronavirus continues to progress, it could have a material negative impact on our results of operations and cash flow, in addition to the impact on its employees. We have concluded that while it is reasonably possible that the virus could have a negative impact on the results of operations, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The interim unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and include the accounts of the Company. <span style="background-color: white">For purposes of comparability, certain prior period amounts have been reclassified to conform to the current period presentation.</span> The preparation of interim condensed financial statements requires management to make assumptions and estimates that impact the amounts reported. The interim condensed financial statements and accompanying notes are the representations of the Company’s management, who is responsible for their integrity and objectivity. These interim condensed financial statements, reflect all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the Company’s results of operations, financial position and cash flows for the interim periods ended June 30, 2022 and 2021; however, certain information and footnote disclosures normally included in our audited annual financial statements, as included in the Company’s interim condensed financial statements, have been condensed or omitted pursuant to such SEC rules and regulations and accounting principles applicable for interim periods. These unaudited condensed financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2022, filed with the SEC on June 29, 2022. It is important to note that the Company’s results of operations and cash flows for interim periods are not necessarily indicative of the results of operations and cash flows to be expected for a full fiscal year or any other interim period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Going Concern</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company demonstrates adverse conditions that raise substantial doubt about the Company’s ability to continue as a going concern. The Company has generated minimal revenues since its formation and has suffered operating losses since July 6, 2007 (Inception Date) to date and allow it to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitable operations. The Company incurred a net loss of $<span id="xdx_905_eus-gaap--NetIncomeLoss_iN_pp0p0_di_c20220401__20220630_zL7mYPh43MSb" title="Net loss">404,344</span> for the three months ended June 30, 2022, used net cash flows in operating activities of $<span id="xdx_908_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_pp0p0_di_c20220401__20220630_z6PjS3dwTRM8" title="Net cash provided by (used in) operating activities">89,143</span>, and has an accumulated deficit of $<span id="xdx_905_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_pp0p0_di_c20220630_zG87xO9s3tyh" title="Accumulated deficit">1,544,157</span> as of June 30, 2022. These factors, among others, raise a substantial doubt regarding the Company’s ability to continue as a going concern. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The interim condensed financial statements do not include any adjustments to reflect the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On October 15, 2019 and on June 30, 2020, the Company effectuated a 1-for-100 reverse stock splits (the “Reverse Splits”) of its issued and outstanding common stock.
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-404344 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zbp6apqJGbn5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_86C_zIRigvSqQHcj">Use of Estimates</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of condensed financial statements in conformity with GAAP 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. The Company regularly evaluates estimates and assumptions related to the valuation of its assets, accounts payable, accrued liabilities and payable to related party. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 usd
CY2022Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2022Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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CY2021Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-108782 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10228696 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9890075 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
292000000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
292000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q2 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
more than 50 percent
CY2022Q2 us-gaap Prepaid Rent
PrepaidRent
6759 usd
CY2022Q1 us-gaap Prepaid Rent
PrepaidRent
6759 usd
CY2022Q2 BCRD Prepaid Cards Inventory Current
PrepaidCardsInventoryCurrent
77900 usd
CY2022Q1 BCRD Prepaid Cards Inventory Current
PrepaidCardsInventoryCurrent
77900 usd
CY2022Q2 BCRD Prepaid Business Identification Number Current
PrepaidBusinessIdentificationNumberCurrent
209547 usd
CY2022Q1 BCRD Prepaid Business Identification Number Current
PrepaidBusinessIdentificationNumberCurrent
180847 usd
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5000 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
294206 usd
CY2022Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
224010 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
224010 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
100109 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
88725 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
123901 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135285 usd
CY2022Q2 us-gaap Depreciation
Depreciation
11384 usd
CY2021Q2 us-gaap Depreciation
Depreciation
10525 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
41250 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37500 usd
CY2022Q2 us-gaap Loans Payable
LoansPayable
53332 usd
CY2022Q1 us-gaap Loans Payable
LoansPayable
56458 usd
CY2022Q2 us-gaap Loans Payable Current
LoansPayableCurrent
12836 usd
CY2022Q1 us-gaap Loans Payable Current
LoansPayableCurrent
12699 usd
CY2022Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
40496 usd
CY2022Q1 us-gaap Long Term Loans Payable
LongTermLoansPayable
43759 usd
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
9573 usd
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
13231 usd
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
13762 usd
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
14321 usd
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2445 usd
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
53332 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
557 usd
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
681 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
20337 usd
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
17337 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q2 BCRD Stockholder Equity Reverse Stock Split
StockholderEquityReverseStockSplit
On October 15, 2019 and June 30, 2020, the Company effectuated reverse stock splits (the “Reverse Splits”) of its issued and outstanding common stock. As a result of the Reverse Splits, each 100 shares of common stock issued and outstanding prior to the Reverse Splits were converted into one (1) common stock.
CY2022Q2 us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
Due to lack of marketability and trading volume of shares, the Company agreed to offer a 50% discount on the last sale price of the common stock at $2 per share
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
2
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10278861 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10278861 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9890075 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9890075 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
292000 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
292000 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
292000 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
292000 shares
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2022Q2 us-gaap Gross Profit
GrossProfit
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CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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