2023 Q2 Form 10-K Financial Statement

#000157587223000924 Filed on June 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $1.850K $2.410K $11.41K
YoY Change -85.87% 58.55%
Cost Of Revenue $930.00 $3.030K $18.41K
YoY Change -90.94% 315.07% 2421.78%
Gross Profit $920.00 -$620.00 -$6.995K
YoY Change -67.38% -178.48% -985.44%
Gross Profit Margin 49.73% -25.73% -61.28%
Selling, General & Admin $705.0K $1.151M $1.215M
YoY Change -6.87% 110.53% -25.66%
% of Gross Profit 76631.52%
Research & Development $0.00 $0.00
YoY Change
% of Gross Profit 0.0%
Depreciation & Amortization $190.00 $200.00 $776.00
YoY Change 0.0%
% of Gross Profit 20.65%
Operating Expenses $705.0K $1.151M $3.336M
YoY Change -6.87% 138.89% 104.15%
Operating Profit -$704.1K -$1.152M -$3.343M
YoY Change -6.64% 139.41% 104.67%
Interest Expense -$43.80K -$55.94K -$184.4K
YoY Change 20.43%
% of Operating Profit
Other Income/Expense, Net -$43.80K -$184.4K
YoY Change 5.71%
Pretax Income -$747.9K -$1.208M -$3.527M
YoY Change -45.53% 151.03% 115.96%
Income Tax
% Of Pretax Income
Net Earnings -$747.9K -$1.208M -$3.527M
YoY Change -45.53% 151.03% 115.96%
Net Earnings / Revenue -40426.49% -50121.99% -30904.37%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 404.2M 404.0M shares 392.6M
Diluted Shares Outstanding 404.1M 392.6M

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.78K $13.77K $13.77K
YoY Change 558.52% 42.84% 42.84%
Cash & Equivalents $17.78K $13.77K
Short-Term Investments
Other Short-Term Assets $10.93K $18.49K $18.49K
YoY Change -86.0%
Inventory $420.00 $979.00 $980.00
Prepaid Expenses $10.93K $18.49K
Receivables $2.010K $1.460K $1.460K
Other Receivables $19.86K $0.00 $0.00
Total Short-Term Assets $50.99K $34.71K $34.71K
YoY Change 424.05% 260.01% 260.06%
LONG-TERM ASSETS
Property, Plant & Equipment $215.4K $1.547K $1.550K
YoY Change 35204.92% 111.92% 112.33%
Goodwill $583.5K $583.5K
YoY Change -0.02%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $798.8K $585.0K $585.0K
YoY Change 130857.38%
TOTAL ASSETS
Total Short-Term Assets $50.99K $34.71K $34.71K
Total Long-Term Assets $798.8K $585.0K $585.0K
Total Assets $849.8K $619.7K $619.7K
YoY Change 8118.86% 6328.8% 6328.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $564.8K $390.8K $451.8K
YoY Change 249.02% 13.15%
Accrued Expenses $72.91K $0.00
YoY Change 349.51% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.055M $887.8K $887.8K
YoY Change 69.75% 338.46% 338.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.173M $1.719M $1.719M
YoY Change 222.18% 357.99% 358.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.220K $2.220K
YoY Change
Other Long-Term Liabilities $141.1K $0.00
YoY Change
Total Long-Term Liabilities $141.1K $2.224K $2.220K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.173M $1.719M $1.719M
Total Long-Term Liabilities $141.1K $2.224K $2.220K
Total Liabilities $2.314M $1.722M $1.722M
YoY Change 243.1% 358.59% 358.59%
SHAREHOLDERS EQUITY
Retained Earnings -$6.823M -$6.076M
YoY Change 93.61% 247.49%
Common Stock $40.41K $40.40K
YoY Change 6.32% 8.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.464M -$1.102M -$1.102M
YoY Change
Total Liabilities & Shareholders Equity $849.8K $619.7K $619.7K
YoY Change 8118.86% 6328.8% 6328.84%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$747.9K -$1.208M -$3.527M
YoY Change -45.53% 151.03% 115.96%
Depreciation, Depletion And Amortization $190.00 $200.00 $776.00
YoY Change 0.0%
Cash From Operating Activities -$136.5K -$56.80K -$817.8K
YoY Change -66.27% -60.64% 165.49%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $2.320K
YoY Change -100.0%
Acquisitions $0.00 $6.087K
YoY Change -100.0%
Other Investing Activities -$6.090K -$6.090K
YoY Change
Cash From Investing Activities $0.00 -$6.090K -$8.410K
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 140.5K 73.50K 830.3K
YoY Change -64.67% -52.26% 161.38%
NET CHANGE
Cash From Operating Activities -136.5K -56.80K -817.8K
Cash From Investing Activities 0.000 -6.090K -8.410K
Cash From Financing Activities 140.5K 73.50K 830.3K
Net Change In Cash 4.000K 10.61K 4.131K
YoY Change -156.9% 10.06% -57.15%
FREE CASH FLOW
Cash From Operating Activities -$136.5K -$56.80K -$817.8K
Capital Expenditures $0.00 $0.00 $2.320K
Free Cash Flow -$136.5K -$56.80K -$820.1K
YoY Change -66.46%

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CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
25197
CY2022Q3 bfyw Warrantcoverageraisedpercentage
Warrantcoverageraisedpercentage
0.49
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates</div></div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">The preparation of financial statements in conformity with U.S. 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. 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.</div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">On an ongoing basis, the Company evaluates its estimates, including those related to the bad debt allowance, sales returns, fair values of financial instruments, equity investments, stock-based compensation<div style="letter-spacing: 0px; top: 0px;;display:inline;">,</div> goodwill, useful lives of property and equipment, income taxes, and contingent liabilities, among others. The Company bases its estimates on assumptions, both historical and forward looking, that are believed to be reasonable, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities.</div></div>
CY2023Q1 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
13773
CY2022Q1 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
9642
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of Credit Risks</div></div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; text-indent: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">Financial instruments that potentially subject the Company to significant concentration of credit risk primarily consist of cash, cash <div style="display:inline;">equivalents</div>, and accounts receivable. As of February 28, 2023 and 2022, the Company’s cash were held by financial institutions that management believes have acceptable credit. Accounts receivable are typically unsecured. The risk with respect to accounts receivable is mitigated by regular credit evaluations that the Company performs on its distribution partners and its ongoing monitoring of outstanding balances.</div><div style="white-space:pre-line; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"/></div>
CY2022 bfyw Revaluation Of Stock Options Expense Of Grant Date Value
RevaluationOfStockOptionsExpenseOfGrantDateValue
34010
CY2022Q2 bfyw Revaluation Of Stock Options Expense Of Grant Date Value
RevaluationOfStockOptionsExpenseOfGrantDateValue
84263
CY2022Q1 us-gaap Inventory Net
InventoryNet
0
CY2023Q1 us-gaap Inventory Net
InventoryNet
979
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
19037
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
43232
CY2022Q3 bfyw Revaluation Of Stock Options Expense Of Grant Date Value
RevaluationOfStockOptionsExpenseOfGrantDateValue
10219
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0
CY2023Q1 bfyw Stock Based Compensation
StockBasedCompensation
2121213
CY2022Q1 bfyw Stock Based Compensation
StockBasedCompensation
2066035
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="border: none; text-align: justify; margin-top: 0px; margin-bottom: 0px; font-family: &quot;Times New Roman&quot;, serif; font-size: 10pt; margin-right: 0px; line-height: 12pt; background: none;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; color: rgb(0, 0, 0); line-height: 12pt; background: none; letter-spacing: 0px; top: 0px;;display:inline;">Reclassification of Prior Year Presentation </div></div></div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operation.</div></div>
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
265946
CY2021Q4 bfyw Revaluation Of Stock Options Expense Of Grant Date Value
RevaluationOfStockOptionsExpenseOfGrantDateValue
660226
CY2022Q4 bfyw Revaluation Of Stock Options Expense Of Grant Date Value
RevaluationOfStockOptionsExpenseOfGrantDateValue
120631
CY2022 bfyw Merchandise Sales Amount
MerchandiseSalesAmount
1517
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
733
CY2022 us-gaap Gross Profit
GrossProfit
784
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
477990
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2066035
CY2022 us-gaap Operating Expenses
OperatingExpenses
2544025
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2543241
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332388619
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332388619
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2543241
CY2022 bfyw Common Stock Issued
CommonStockIssued
2066035
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
169184
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-308022
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
68000
CY2022 bfyw Subscription Payable
SubscriptionPayable
40248
CY2022 bfyw Expenses Contributed To Capital
ExpensesContributedToCapital
6941
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
202475
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
317664
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
9642
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9642
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
70
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
37075
CY2022Q1 bfyw Shares Cancelable
SharesCancelable
-250000
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2395265
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2548176
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-365766
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3527425
CY2023Q1 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
750759
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
750759
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
534081
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
750759
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
534081
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2023Q1 bfyw Federal Income Tax Rate
FederalIncomeTaxRate
0.21
CY2022Q1 bfyw Federal Income Tax Rate
FederalIncomeTaxRate
0.21
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.21
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022Q2 bfyw Fair Market Value
FairMarketValue
550000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
913
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
12995
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
13908
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
2365
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
2454
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
537
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
36
CY2022Q4 bfyw Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Notes Payable Gushy
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesNotesPayableGushy
35000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
40392
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
-26484
CY2022Q4 us-gaap Business Acquisitions Purchase Price Allocation Subsequent Years Remaining Adjustments
BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsRemainingAdjustments
-557000
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
-583484
CY2023 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
557000
CY2023 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
583484
CY2023 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
11414
CY2022 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
67120
CY2023 bfyw Business Acquisitions Net Income Loss
BusinessAcquisitionsNetIncomeLoss
-3527425
CY2022 bfyw Business Acquisitions Net Income Loss
BusinessAcquisitionsNetIncomeLoss
-2592829
CY2023 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.03
CY2023 bfyw Disclosure In Entirety Of Convertible Note
DisclosureInEntiretyOfConvertibleNote
<div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"><div style="font-weight:bold;display:inline;">Note 8 - Convertible Note Payable</div></div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="null;text-indent: 0px;;text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%;"><tr><td style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; padding: 0pt; vertical-align: top; width: 8pt; font-size: 10pt; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; line-height: 12pt;"/></td><td style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; padding: 0pt; vertical-align: top; width: 18pt; font-size: 10pt; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">(A)</div></div></td><td style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; padding: 0pt; vertical-align: top; font-size: 10pt; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; line-height: 12pt;"><div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">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. The Company has the right to prepay the Note in full, including accrued but unpaid interest, without prepayment penalty provided an event of default, as defined therein, has not occurred. In the seven <div style="letter-spacing: 0px; top: 0px;;display:inline;">(7</div>) trading days prior to any prepayment Mast Hill shall have the right to convert their Note into Common Stock of the Company in accordance with the terms of such Note. The Note contains events of defaults and certain negative covenants that are typical in the types of transactions contemplated by the Purchase Agreements.</div></div></td></tr></table></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin: 0px 0px 0px 0.36in; text-align: justify; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="null;text-indent: 0px;;text-align:left;"><table style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; border-image: initial; border-collapse: collapse; margin-bottom: 0.001pt; width: 100%;"><tr><td style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; padding: 0pt; vertical-align: top; width: 8pt; font-size: 10pt; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; line-height: 12pt;"/></td><td style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; padding: 0pt; vertical-align: top; width: 18pt; font-size: 10pt; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">(B)</div></div></td><td style="border-width: initial; border-top-style: none; border-bottom-style: none; border-color: initial; padding: 0pt; vertical-align: top; font-size: 10pt; line-height: 12pt;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; line-height: 12pt;;text-indent: 0px;"><div style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"/><div style="font-size: 10pt; background: none; font-family: &quot;Times New Roman&quot;, serif; color: rgb(0, 0, 0); line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;">On June 7, 2022, the Company entered into a second Securities Purchase Agreement with Mast Hill Fund, L.P., a Delaware limited partnership (“Mast Hill”). The first Security Purchase Agreement with Mast Hill Fund, L.P. was entered On April 12, 2022. Pursuant to the June 7, 2022 Security Purchase Agreement, Mast Hill purchased a promissory note, with a principal amount of </div> <div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> $310,000 for a purchase price of $279,000 </div><div style="font-size: 10pt; background: none; font-family: &quot;Times New Roman&quot;, serif; color: rgb(0, 0, 0); line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;">(the “Note”).</div><div style="font-size: 10pt; background: none; font-family: &quot;Times New Roman&quot;, serif; color: rgb(0, 0, 0); line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> The closing of the Purchase Agreements occurred on June 7, 2022. The Note bears an original issue discount of </div> <div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> $31,000, each bear interest of 12% per year and mature on June 7, 2023 (the “Maturity Date”). The Note is convertible into shares of the Company’s common stock at conversion price of $0.037 </div><div style="font-size: 10pt; background: none; font-family: &quot;Times New Roman&quot;, serif; color: rgb(0, 0, 0); line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;">per share, subject to adjustment as provided therein. The Company has the right to prepay the Note in full, including accrued but unpaid interest, without prepayment penalty provided an event of default, as defined therein, has not occurred. In the seven</div> <div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> (7) </div><div style="font-size: 10pt; background: none; font-family: &quot;Times New Roman&quot;, serif; color: rgb(0, 0, 0); line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;">trading days prior to any prepayment Mast Hill shall have the right to convert their Note into Common Stock of the Company in accordance with the terms of such Note. The Note contains events of defaults and certain negative covenants that are typical in the types of transactions contemplated by the Purchase Agreements</div><div style="font-size: 10pt; background: none; font-family: &quot;Times New Roman&quot;, serif; color: rgb(0, 0, 0); line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;">.</div> <div style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"/></div></td></tr></table></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"/><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin: 0px 0px 0px 0.38in; text-align: justify; background: none; line-height: 12pt;;text-indent: 0px;"><div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">Pursuant to the Purchase Agreements, the Company issued to Mast Hill 4,960,000 shares of the Company’s common stock (the “Commitment Shares”) as a condition to closing.</div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin: 0px 0px 0px 0.38in; text-align: justify; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin: 0px 0px 0px 0.38in; text-align: justify; background: none; line-height: 12pt;;text-indent: 0px;"><div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">In connection with the Purchase Agreements, the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with Mast Hill, pursuant to which the Company is obligated to file a registration statement within 90 days of the date of the Registration Rights Agreement covering the sale of the Commitment Shares and the shares of the Company’s common stock that may be issued to Mast Hill pursuant to the conversion of the Note.</div><div style="background-color: initial; font-size: 10pt; letter-spacing: 0px; white-space:pre-line; top: 0px;;display:inline;"> </div><div style="display:inline;"><div style="display:inline;"/></div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin: 0px 0px 0px 0.38in; text-align: justify; background: none; line-height: 12pt;;text-indent: 0px;"><div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">On July 11, 2022, Mast Hill Fund agreed to extend the timeframes in section 2(a) of the Registration Rights Agreement dated 4/12/22 to 180 calendar days to file the initial Registration Statement and 270 calendar days to have it declared effective. On October 11, 2022, Mast Hill Fund agreed to extend the timeframes in section 2(a) of the Registration Rights Agreement dated 4/12/22 until February 9, 2023, and to have the Registration Statement become effective on or before February 9, 2037.</div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin: 0px 0px 0px 0.38in; text-align: justify; background: none; line-height: 12pt;;text-indent: 0px;"><div style="white-space: pre-wrap; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none; line-height: 12pt;;text-indent: 0px;"><div style="background: none; font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"><div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;">As of February 28, 2023 the balances on both notes were</div> $594,804. </div></div>
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On April 18, 2022, we entered into a Standby Equity Commitment Agreement with MacRab LLC, a Florida limited liability company providing us with an option to sell up to $5,000,000 worth of our Common Stock, par value $0.0001, to MacRab LLC, in increments, over the period ending 24 months after the date that the Company’s registration statement is deemed effective by the U.S. Securities and Exchange Commission, pursuant to the terms and conditions contained in the SECA. Additionally, we issued MacRab LLC a Common Stock purchase warrant for the purchase of 1,785,714 shares of our common stock as a commitment fee in connection with the execution of the Standby Equity Commitment Agreement. We also entered into a Registration Rights Agreement with the Investor requiring the Company to file a registration statement providing for the registration of the Common Stock issuable to MacRab LLC under the Standby Equity Commitment Agreement and their common stock purchase warrant, and the subsequent resale by MacRab LLC of such Common Stock. 
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Aprari Solutions will be paid $25,000 over 12 months for accounting and auditing assistance services, and for fractional CFO services, $30,000 in cash and $10,000 in stock over 12 months.
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Pursuant to the Consulting Agreement, the Company engaged Yapo M’be as a consultant to provide manufacturing services for Mango Moi, to begin on May 2, 2022. As compensation under the Consulting Agreement, the Company agreed to pay Yapo M’be at the rate of $30.00 per hour, not to exceed $1,500 per month.
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us-gaap Depreciation And Amortization
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
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us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
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us-gaap Increase Decrease In Other Current Liabilities
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4412
us-gaap Increase Decrease In Notes Payable Related Parties
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us-gaap Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-754874
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Repayments Of Related Party Debt
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202000
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0
us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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bfyw Expenses Contributed To Capital
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bfyw Expenses Contributed To Capital
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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bfyw Common Stock Issued For Acquisition Value
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us-gaap Stock Issued1
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bfyw Discount On Notes Payable For Warrants
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bfyw Discount On Notes Payable For Warrants
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2022Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CostOfGoodsAndServicesSold
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OperatingExpenses
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OperatingExpenses
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CY2022Q4 us-gaap Nonoperating Income Expense
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CY2022Q4 us-gaap Net Income Loss
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CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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361664351
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
361664351

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