2023 Q1 Form 10-Q Financial Statement
#000121390023017302 Filed on March 03, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
Revenue | $2.410K | $6.986K | $1.520K |
YoY Change | 58.55% | ||
Cost Of Revenue | $3.030K | $5.823K | $730.00 |
YoY Change | 315.07% | ||
Gross Profit | -$620.00 | $1.163K | $790.00 |
YoY Change | -178.48% | ||
Gross Profit Margin | -25.73% | 16.65% | 51.97% |
Selling, General & Admin | $1.151M | $258.4K | $546.9K |
YoY Change | 110.53% | -75.76% | |
% of Gross Profit | 22218.49% | 69226.58% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $200.00 | $190.00 | |
YoY Change | |||
% of Gross Profit | 16.34% | ||
Operating Expenses | $1.151M | $605.2K | $482.0K |
YoY Change | 138.89% | -43.24% | |
Operating Profit | -$1.152M | -$604.0K | -$481.2K |
YoY Change | 139.41% | -43.34% | |
Interest Expense | -$55.94K | -$55.94K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$55.94K | ||
YoY Change | |||
Pretax Income | -$1.208M | -$659.9K | -$481.2K |
YoY Change | 151.03% | -38.1% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.208M | -$659.9K | -$481.2K |
YoY Change | 151.03% | -38.1% | 9650.56% |
Net Earnings / Revenue | -50121.99% | -9446.55% | -31657.24% |
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | $0.00 | -$1.448K |
COMMON SHARES | |||
Basic Shares Outstanding | 404.0M shares | 390.0M shares | |
Diluted Shares Outstanding | 372.0M |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $13.77K | $3.150K | $9.640K |
YoY Change | 42.84% | ||
Cash & Equivalents | $13.77K | $3.154K | $9.719K |
Short-Term Investments | |||
Other Short-Term Assets | $18.49K | $101.5K | |
YoY Change | |||
Inventory | $979.00 | $1.657K | $13.11K |
Prepaid Expenses | $18.49K | $23.43K | |
Receivables | $1.460K | $1.495K | |
Other Receivables | $0.00 | $108.3K | |
Total Short-Term Assets | $34.71K | $216.1K | $9.640K |
YoY Change | 260.01% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.547K | $1.741K | $730.00 |
YoY Change | 111.92% | ||
Goodwill | $583.5K | $583.5K | |
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | ||
YoY Change | |||
Total Long-Term Assets | $585.0K | $585.2K | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $34.71K | $216.1K | $9.640K |
Total Long-Term Assets | $585.0K | $585.2K | $0.00 |
Total Assets | $619.7K | $801.3K | $9.640K |
YoY Change | 6328.8% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $390.8K | $311.5K | $345.4K |
YoY Change | 13.15% | ||
Accrued Expenses | $0.00 | $172.9K | |
YoY Change | -100.0% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $887.8K | $202.0K | $202.5K |
YoY Change | 338.46% | 28.86% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.719M | $799.5K | $375.4K |
YoY Change | 357.99% | 192.03% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.220K | $601.5K | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
Total Long-Term Liabilities | $2.224K | $601.5K | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.719M | $799.5K | $375.4K |
Total Long-Term Liabilities | $2.224K | $601.5K | $0.00 |
Total Liabilities | $1.722M | $1.401M | $375.4K |
YoY Change | 358.59% | 411.73% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$6.076M | -$3.958M | -$1.748M |
YoY Change | 247.49% | 117.78% | |
Common Stock | $40.40K | $39.00K | $37.08K |
YoY Change | 8.98% | 7.43% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.102M | -$599.6K | -$365.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $619.7K | $801.3K | $9.640K |
YoY Change | 6328.8% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.208M | -$659.9K | -$481.2K |
YoY Change | 151.03% | -38.1% | 9650.56% |
Depreciation, Depletion And Amortization | $200.00 | $190.00 | |
YoY Change | |||
Cash From Operating Activities | -$56.80K | -$126.0K | -$144.3K |
YoY Change | -60.64% | -19.45% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$6.090K | -$2.320K | |
YoY Change | |||
Cash From Investing Activities | -$6.090K | $0.00 | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $68.00K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 73.50K | 127.0K | 154.0K |
YoY Change | -52.26% | -18.79% | |
NET CHANGE | |||
Cash From Operating Activities | -56.80K | -126.0K | -144.3K |
Cash From Investing Activities | -6.090K | 0.000 | |
Cash From Financing Activities | 73.50K | 127.0K | 154.0K |
Net Change In Cash | 10.61K | 1.030K | 9.640K |
YoY Change | 10.06% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$56.80K | -$126.0K | -$144.3K |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$56.80K | -$126.0K | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-11-30 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
000-56262 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
BETTER FOR YOU WELLNESS, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
87-2903933 | ||
CY2022Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
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375408 | usd |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Current
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284499 | usd |
CY2022Q4 | us-gaap |
Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
|
895 | usd |
CY2022Q4 | bfyw |
Revenue Payable
RevenuePayable
|
128 | usd |
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1349 East Broad Street | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Columbus | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
OH | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
43205 | ||
dei |
City Area Code
CityAreaCode
|
1 (614) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
368-9898 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
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|
true | ||
dei |
Entity Emerging Growth Company
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|
false | ||
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Entity Shell Company
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|
false | ||
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Document Fiscal Year Focus
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|
2023 | ||
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Entity Common Stock Shares Outstanding
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Accounts Receivable Related Parties Current
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Prepaid Expense Current
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Inventory Net
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|
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Deferred Fuel Cost
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|
78072 | usd |
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Assets Current
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Assets Current
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Property Plant And Equipment Net
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Goodwill
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Assets
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Assets
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Long Term Notes Payable
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Liabilities
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Shares Issued
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Preferred Stock Shares Outstanding
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Preferred Stock Value
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Common Stock Par Or Stated Value Per Share
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Common Stock Par Or Stated Value Per Share
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Earnings Per Share Basic
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|
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|
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Earnings Per Share Basic
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
-1850 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
7000 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2990 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14005 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5865 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
532243 | usd |
CY2021Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
265946 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1066097 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-273773 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2319485 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1152153 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1332475 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
875189 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
86810 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
582 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1495 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
108301 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
23588 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-11440 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-63866 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
113267 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
41643 | usd | |
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
284499 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-1675 | usd | |
us-gaap |
Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
|
156756 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-760961 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6941 | usd | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
2323 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2323 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
56640 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
558000 | usd | |
us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
202000 | usd | |
bfyw |
Common Stock Issuance Acquisition
CommonStockIssuanceAcquisition
|
3750 | usd | |
bfyw |
Expenses Contributed To Capital
ExpensesContributedToCapital
|
49686 | usd | |
bfyw |
Expenses Contributed To Capital
ExpensesContributedToCapital
|
6941 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
756796 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6941 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-6488 | usd | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9642 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3154 | usd |
bfyw |
Common Shares Issued For Notes Payable Extention
CommonSharesIssuedForNotesPayableExtention
|
30702 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
78072 | usd | |
CY2021Q3 | us-gaap |
Intercompany Agreements Description
IntercompanyAgreementsDescription
|
On September 1, 2021, we entered into Independent Director Agreements with each of Montel Williams, Leslie G. Bumgarner, Joseph J. Watson, David H. Deming, and Dr. Nicola R. Finley, MD, pursuant to which each director will serve two year terms, with the option to renew terms upon completion, and receive cash compensation in the amount of $1,000 per quarter, paid in equal distributions quarterly, 200,000 shares of common stock issued quarterly in 25,000 share distributions, and a non-qualified stock option to purchase up to 4,000,000 shares of the Company’s common stock at an exercise price of $0.25 per share. | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of unaudited condensed consolidated 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 unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
3154 | usd |
CY2022Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
9642 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Reclassification of Prior Year Presentation</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.</p> | ||
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
913 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
12995 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
13908 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
2365 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
|
2454 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
537 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
|
138 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
5494 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
8414 | usd |
CY2022Q4 | us-gaap |
Business Acquisitions Purchase Price Allocation Subsequent Years Remaining Adjustments
BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsRemainingAdjustments
|
592000 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
583586 | usd |
us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
592000 | usd | |
us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
|
583586 | usd | |
CY2022Q4 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
6986 | usd |
CY2021Q4 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
17022 | usd |
CY2022Q4 | bfyw |
Business Acquisitions Net Income Loss
BusinessAcquisitionsNetIncomeLoss
|
-659935 | usd |
CY2021Q4 | bfyw |
Business Acquisitions Net Income Loss
BusinessAcquisitionsNetIncomeLoss
|
-1087775 | usd |
us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
15676 | usd | |
us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
52496 | usd | |
bfyw |
Business Acquisitions Net Income Loss
BusinessAcquisitionsNetIncomeLoss
|
-2319485 | usd | |
bfyw |
Business Acquisitions Net Income Loss
BusinessAcquisitionsNetIncomeLoss
|
-1200616 | usd | |
CY2022Q4 | bfyw |
Revenue
Revenue
|
1163 | usd |
bfyw |
Revenue
Revenue
|
-51 | usd | |
CY2022Q4 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-657 | usd |
us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-9757 | usd | |
us-gaap |
Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
|
4105379 | usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
862130 | usd |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure | |
CY2021Q3 | bfyw |
Investment Owned Subject To Option Prices
InvestmentOwnedSubjectToOptionPrices
|
30500000 | usd |
CY2021Q3 | bfyw |
Execution Term
ExecutionTerm
|
P36M | |
CY2021Q3 | bfyw |
Future Securities Agreements
FutureSecuritiesAgreements
|
15000 | usd |
CY2021Q3 | bfyw |
Immediately Purchase
ImmediatelyPurchase
|
250000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
usd | ||
CY2021Q3 | bfyw |
Restricted Common Stock Percentage
RestrictedCommonStockPercentage
|
0.15 | pure |
CY2021Q3 | bfyw |
Outstanding Shares Common Stock Percentage
OutstandingSharesCommonStockPercentage
|
0.0499 | pure |
CY2021Q3 | bfyw |
Exchange Period
ExchangePeriod
|
P12M | |
CY2021Q3 | us-gaap |
Officers Compensation
OfficersCompensation
|
20000 | usd |
CY2022Q4 | bfyw |
Exchange Period
ExchangePeriod
|
P12M | |
CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
1250000 | shares |
CY2022Q4 | us-gaap |
Officers Compensation
OfficersCompensation
|
30000 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
bfyw |
Description Of Preferred Stock Shares Issued And Outstanding
DescriptionOfPreferredStockSharesIssuedAndOutstanding
|
There were 700,000 and 0 shares issued and outstanding as of November 30, 2022 and February 28, 2022, respectively. | ||
CY2022Q2 | bfyw |
Closing Share Price
ClosingSharePrice
|
6687 | usd |
us-gaap |
Significant Purchase Commitment Description
SignificantPurchaseCommitmentDescription
|
On April 12, 2022, the Company entered into a Securities Purchase Agreement with Mast Hill Fund, L.P., in which Mast Hill purchased a promissory note, with a principal amount of $310,000 for a purchase price of $279,000 (the "Note"). The closing of the Purchase Agreements occurred on April 12, 2022. The Note bears an original issue discount of $31,000, and interest of 12% per year and mature on April 12, 2023 (the "Maturity Date"). The Note is convertible into shares of the Company's common stock at conversion price of $0.037 per share, subject to adjustment as provided therein. | ||
bfyw |
Purchase Commitment Shares
PurchaseCommitmentShares
|
4960000 | shares | |
CY2022Q3 | bfyw |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeituresdescription
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresdescription
|
On July 27, 2022 the Company filed its Pre-14-C notice and accompanying Information Statement and furnished this information to the holders of shares of common stock, par value $0.0001 per share, of Better For You Wellness, Inc., a Nevada corporation (the “Company”), pursuant to Section 78.320 of the Nevada General Corporation Law, Section 14 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulation 14C and Schedule 14C thereunder, in connection with the approval of the following actions taken by the Company’s Board of Directors (the “Board”) and by written consent of the holders of a majority of the voting power of the issued and outstanding capital stock of the Company, to amend our certificate of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of common stock from 500,000,000 to 1,000,000,000 (the “Authorized Share Increase” or “Corporate Action”). | |
CY2022Q3 | us-gaap |
Capital Units Outstanding
CapitalUnitsOutstanding
|
78.32 | shares |
CY2022Q3 | bfyw |
Proceeds From Restricted Common Stock
ProceedsFromRestrictedCommonStock
|
3750 | usd |
CY2022Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
2686667 | shares |
bfyw |
Extension Value
ExtensionValue
|
64211 | usd | |
CY2022Q4 | bfyw |
Authorized The Issuance Of Common Shares
AuthorizedTheIssuanceOfCommonShares
|
760780 | shares |
CY2022Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
17500 | shares |
CY2022Q4 | us-gaap |
Partners Capital
PartnersCapital
|
17500 | usd |
CY2022Q4 | us-gaap |
Shares Issued
SharesIssued
|
1250000 | shares |
CY2022Q4 | bfyw |
Consideration Amount
ConsiderationAmount
|
30000 | usd |
CY2022Q4 | us-gaap |
Alternative Investment
AlternativeInvestment
|
20000000 | usd |
CY2021Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
|
10500000 | shares |
CY2022Q1 | bfyw |
Stock Option Description
StockOptionDescription
|
7,000,000 shares vest over the next 2 years. | |
bfyw |
Forfeited Shares
ForfeitedShares
|
2500000 | shares | |
us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
25 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.98 | pure | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
274025 | usd | |
CY2022Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1853540 | usd |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
17424 | usd | |
CY2021Q4 | us-gaap |
Gross Profit
GrossProfit
|
usd | |
us-gaap |
Gross Profit
GrossProfit
|
usd | ||
CY2021Q4 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
usd | |
bfyw |
Loan Received From Related Party
LoanReceivedFromRelatedParty
|
39500 | usd | |
CY2022Q4 | bfyw |
Loan Received From Related Party
LoanReceivedFromRelatedParty
|
145000 | usd |
CY2022Q4 | us-gaap |
Deferred Compensation Equity
DeferredCompensationEquity
|
284499 | usd |
us-gaap |
Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
|
0.66 | pure | |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.037 | |
CY2022Q4 | us-gaap |
Excess Stock Shares Authorized
ExcessStockSharesAuthorized
|
760870 | shares |
CY2022Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.023 | |
CY2022Q4 | bfyw |
Retire Loan Amount
RetireLoanAmount
|
17500 | usd |
CY2022Q4 | us-gaap |
Loans Payable
LoansPayable
|
35000 | usd |
CY2022Q4 | us-gaap |
Related Party Tax Expense Effect Of Change In Allocation Methodology
RelatedPartyTaxExpenseEffectOfChangeInAllocationMethodology
|
17500 | usd |
us-gaap |
Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
|
0.66 | pure | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
|
0.037 | |
us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
Aprari Solutions will be paid $25,000 over 12 months for accounting services, and for fractional CFO services, $30,000 in cash and $10,000 in stock over 12 months. | ||
CY2022Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
usd | |
CY2022Q1 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
usd | |
CY2022Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
usd | |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
usd | |
CY2022Q1 | us-gaap |
Deferred Fuel Cost
DeferredFuelCost
|
usd | |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
usd | |
CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
usd | |
CY2022Q1 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
usd | |
CY2022Q1 | us-gaap |
Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
|
usd | |
CY2022Q1 | bfyw |
Revenue Payable
RevenuePayable
|
usd | |
CY2022Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
usd | |
CY2022Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
usd | |
CY2022Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2022Q1 | bfyw |
Notes Payable Shopifys Capital
NotesPayableShopifysCapital
|
usd | |
CY2022Q1 | us-gaap |
Other Loans Payable Long Term
OtherLoansPayableLongTerm
|
usd | |
CY2022Q4 | bfyw |
Shares Cancelable
SharesCancelable
|
usd | |
CY2021Q4 | us-gaap |
Revenues
Revenues
|
usd | |
us-gaap |
Revenues
Revenues
|
usd | ||
us-gaap |
Interest Expense Other
InterestExpenseOther
|
usd | ||
CY2022Q4 | us-gaap |
Other Expenses
OtherExpenses
|
usd | |
us-gaap |
Other Expenses
OtherExpenses
|
usd | ||
CY2021Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
usd | |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
CY2021Q4 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
usd | ||
CY2021Q4 | us-gaap |
Other Expenses
OtherExpenses
|
usd | |
us-gaap |
Other Expenses
OtherExpenses
|
usd | ||
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
usd | |
CY2021Q2 | bfyw |
Common Shares Issued After Reorganization
CommonSharesIssuedAfterReorganization
|
usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
usd | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | ||
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
usd | ||
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
usd | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
usd | ||
us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
usd | ||
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
usd | ||
us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
usd | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
usd | ||
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
bfyw |
Common Shares Issued For Notes Payable Extention
CommonSharesIssuedForNotesPayableExtention
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
CY2022Q4 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
||
CY2021Q4 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
|||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
|||
CY2022Q4 | us-gaap |
Other Additional Capital
OtherAdditionalCapital
|
usd | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
|||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--02-28 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001852707 |