2023 Q3 Form 10-Q Financial Statement
#000157587223001169 Filed on July 17, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 Q1 |
---|---|---|---|
Revenue | $1.800K | $1.850K | $2.410K |
YoY Change | -85.87% | 58.55% | |
Cost Of Revenue | $381.00 | $930.00 | $3.030K |
YoY Change | -89.08% | -90.94% | 315.07% |
Gross Profit | $1.423K | $920.00 | -$620.00 |
YoY Change | -334.05% | -67.38% | -178.48% |
Gross Profit Margin | 79.06% | 49.73% | -25.73% |
Selling, General & Admin | $281.4K | $705.0K | $1.151M |
YoY Change | -22.08% | -6.87% | 110.53% |
% of Gross Profit | 19774.7% | 76631.52% | |
Research & Development | $0.00 | $0.00 | |
YoY Change | |||
% of Gross Profit | 0.0% | 0.0% | |
Depreciation & Amortization | $200.00 | $190.00 | $200.00 |
YoY Change | 66.67% | 0.0% | |
% of Gross Profit | 14.05% | 20.65% | |
Operating Expenses | $462.1K | $705.0K | $1.151M |
YoY Change | -34.68% | -6.87% | 138.89% |
Operating Profit | -$460.7K | -$704.1K | -$1.152M |
YoY Change | -34.94% | -6.64% | 139.41% |
Interest Expense | -$25.51K | -$43.80K | -$55.94K |
YoY Change | -141.79% | 20.43% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$25.51K | -$43.80K | |
YoY Change | -67.72% | 5.71% | |
Pretax Income | -$486.2K | -$747.9K | -$1.208M |
YoY Change | -38.23% | -45.53% | 151.03% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$486.2K | -$747.9K | -$1.208M |
YoY Change | -38.23% | -45.53% | 151.03% |
Net Earnings / Revenue | -27010.78% | -40426.49% | -50121.99% |
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 405.0M | 404.2M | 404.0M shares |
Diluted Shares Outstanding | 411.8M | 404.1M |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.210K | $17.78K | $13.77K |
YoY Change | 16.73% | 558.52% | 42.84% |
Cash & Equivalents | $3.209K | $17.78K | $13.77K |
Short-Term Investments | |||
Other Short-Term Assets | $10.02K | $10.93K | $18.49K |
YoY Change | -90.58% | -86.0% | |
Inventory | $910.00 | $420.00 | $979.00 |
Prepaid Expenses | $10.02K | $10.93K | $18.49K |
Receivables | $2.259K | $2.010K | $1.460K |
Other Receivables | $29.32K | $19.86K | $0.00 |
Total Short-Term Assets | $45.72K | $50.99K | $34.71K |
YoY Change | -60.24% | 424.05% | 260.01% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.159K | $215.4K | $1.547K |
YoY Change | -60.12% | 35204.92% | 111.92% |
Goodwill | $583.5K | $583.5K | $583.5K |
YoY Change | 1.04% | -0.02% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $780.7K | $798.8K | $585.0K |
YoY Change | 34.51% | 130857.38% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $45.72K | $50.99K | $34.71K |
Total Long-Term Assets | $780.7K | $798.8K | $585.0K |
Total Assets | $826.4K | $849.8K | $619.7K |
YoY Change | 18.84% | 8118.86% | 6328.8% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $719.2K | $564.8K | $390.8K |
YoY Change | 7223.73% | 249.02% | 13.15% |
Accrued Expenses | $73.61K | $72.91K | |
YoY Change | 349.51% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $913.5K | $1.055M | $887.8K |
YoY Change | 5.75% | 69.75% | 338.46% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.955M | $2.173M | $1.719M |
YoY Change | 72.83% | 222.18% | 357.99% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $2.220K |
YoY Change | |||
Other Long-Term Liabilities | $122.4K | $141.1K | |
YoY Change | |||
Total Long-Term Liabilities | $122.4K | $141.1K | $2.224K |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.955M | $2.173M | $1.719M |
Total Long-Term Liabilities | $122.4K | $141.1K | $2.224K |
Total Liabilities | $2.078M | $2.314M | $1.722M |
YoY Change | 83.65% | 243.1% | 358.59% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$7.310M | -$6.823M | -$6.076M |
YoY Change | 121.86% | 93.61% | 247.49% |
Common Stock | $41.92K | $40.41K | $40.40K |
YoY Change | 8.83% | 6.32% | 8.98% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.251M | -$1.464M | -$1.102M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $826.4K | $849.8K | $619.7K |
YoY Change | 18.84% | 8118.86% | 6328.8% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$486.2K | -$747.9K | -$1.208M |
YoY Change | -38.23% | -45.53% | 151.03% |
Depreciation, Depletion And Amortization | $200.00 | $190.00 | $200.00 |
YoY Change | 66.67% | 0.0% | |
Cash From Operating Activities | -$67.56K | -$136.5K | -$56.80K |
YoY Change | -75.73% | -66.27% | -60.64% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Acquisitions | $0.00 | ||
YoY Change | -100.0% | ||
Other Investing Activities | -$6.090K | ||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | -$6.090K |
YoY Change | -100.0% | -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 | 53.00K | 140.5K | 73.50K |
YoY Change | -81.12% | -64.67% | -52.26% |
NET CHANGE | |||
Cash From Operating Activities | -67.56K | -136.5K | -56.80K |
Cash From Investing Activities | 0.000 | 0.000 | -6.090K |
Cash From Financing Activities | 53.00K | 140.5K | 73.50K |
Net Change In Cash | -14.56K | 4.000K | 10.61K |
YoY Change | -24366.67% | -156.9% | 10.06% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$67.56K | -$136.5K | -$56.80K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$67.56K | -$136.5K | -$56.80K |
YoY Change | -75.52% | -66.46% |
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|
-747885 | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1464344 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-747885 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-976135 | |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
385388 | |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
768313 | |
CY2023Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
25196 | |
CY2022Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
12139 | |
CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
194 | |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
194 | |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
553 | |
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
0 | |
CY2023Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-563 | |
CY2022Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-6060 | |
CY2023Q2 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-7562 | |
CY2022Q2 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | |
CY2023Q2 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
19857 | |
CY2022Q2 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | |
CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
94380 | |
CY2022Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-213593 | |
CY2023Q2 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-18600 | |
CY2022Q2 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-5063 | |
CY2023Q2 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
100160 | |
CY2022Q2 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
100160 | |
CY2023Q2 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-245 | |
CY2022Q2 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-316 | |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-136497 | |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-298115 | |
CY2023Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | |
CY2022Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
6087 | |
CY2023Q2 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | |
CY2022Q2 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
2323 | |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8410 | |
CY2023Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | |
CY2022Q2 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
28320 | |
CY2023Q2 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | |
CY2022Q2 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
279000 | |
CY2023Q2 | us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
140500 | |
CY2022Q2 | us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
0 | |
CY2023Q2 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
0 | |
CY2022Q2 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-174 | |
CY2023Q2 | bfyw |
Expenses Contributed To Capital
ExpensesContributedToCapital
|
0 | |
CY2022Q2 | bfyw |
Expenses Contributed To Capital
ExpensesContributedToCapital
|
49686 | |
CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
140500 | |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
300192 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
4003 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-6333 | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13773 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
9642 | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
17776 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3309 | |
CY2023Q2 | bfyw |
Common Stock Issued For Acquisition Value
CommonStockIssuedForAcquisitionValue
|
0 | |
CY2022Q2 | bfyw |
Common Stock Issued For Acquisition Value
CommonStockIssuedForAcquisitionValue
|
550000 | |
CY2023Q2 | us-gaap |
Stock Issued1
StockIssued1
|
0 | |
CY2022Q2 | us-gaap |
Stock Issued1
StockIssued1
|
17500 | |
CY2023Q2 | bfyw |
Discount On Notes Payable For Warrants
DiscountOnNotesPayableForWarrants
|
0 | |
CY2022Q2 | bfyw |
Discount On Notes Payable For Warrants
DiscountOnNotesPayableForWarrants
|
13514 | |
CY2022Q3 | bfyw |
Warrantcoverageraisedpercentage
Warrantcoverageraisedpercentage
|
0.49 | |
CY2023Q2 | us-gaap |
Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
|
17776 | |
CY2023Q1 | us-gaap |
Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
|
13773 | |
CY2022Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | |
CY2023Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: "Times New Roman", "serif"; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; line-height: 12pt;"><div style="font-family:Times New Roman,Times,serif;;display:inline;"><div style="font-weight:bold;display:inline;width:100%;"><div style="white-space:pre-line; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt; font-family: "Times New Roman", Times, serif;;display:inline;"></div><div style="font-size: 10pt; font-family: "Times New Roman", Times, serif;;display:inline;">Use of Estimates </div></div></div></div><div style="border-bottom-style: none;border-left-style: none;border-right-style: none;border-top-style: none;margin-left: 0;"><div style="font-family: "Times New Roman", "serif"; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-indent: 0.11in; margin-right: 0px; line-height: 12pt;"><div style="white-space: pre-wrap; font-family: "Times New Roman", "serif"; 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;"> </div></div></div></div><div style="font-family: "Times New Roman", "serif"; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; line-height: 12pt;"><div style="white-space:pre-line; font-family: "Times New Roman", "serif"; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;">The prepa<div style="display:inline;">rat</div>ion 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<div style="display:inline;"> make th</div>e financial statements not misleading have been included. Actual results could differ from those estimates. </div><br/></div> | |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
416 | |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
979 | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | |
CY2023Q2 | bfyw |
Valuation Allowance On Deferred Tax Assets
ValuationAllowanceOnDeferredTaxAssets
|
1 | |
CY2023 | bfyw |
Valuation Allowance On Deferred Tax Assets
ValuationAllowanceOnDeferredTaxAssets
|
1 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P3Y | |
CY2023Q2 | bfyw |
Treasury Rate
TreasuryRate
|
0.0381 | |
CY2023Q2 | bfyw |
Disclosure In Entirety Of Convertible Note
DisclosureInEntiretyOfConvertibleNote
|
Note 4 - Convertible Note Payable <br/><div style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 10pt; font-family: "Times New Roman", Times, serif; margin: 0px 0px 0px 7.95pt; text-indent: 7.95pt; line-height: 12pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div></div></div><table cellpadding="0" cellspacing="0" style="font: 10pt "Times New Roman", Times, serif; margin-top: 0px; margin-bottom: 0px; border-spacing: 0px;;text-indent: 0px;;width:100%;"><tr style="vertical-align: top"><td style="width: 0px; padding: 0pt;"><div style="display:inline;"></div></td><td style="width: 0.25in; padding: 0pt;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;">(A)</div></td><td style="text-align: justify; padding: 0pt;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;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 (7) 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></td></tr></table><div style="clear: both; max-height: 0px; text-indent: 0px;"></div><div style="font: 10pt / 12pt "Times New Roman", Times, serif; margin: 0px 0px 0px 7.95pt; text-align: justify; text-indent: 7.95pt;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><table cellpadding="0" cellspacing="0" style="font: 10pt "Times New Roman", Times, serif; margin-top: 0px; margin-bottom: 0px; border-spacing: 0px;;text-indent: 0px;;width:100%;"><tr style="vertical-align: top"><td style="width: 0px; padding: 0pt;"><div style="display:inline;"></div></td><td style="width: 0.25in; padding: 0pt;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;">(B)</div></td><td style="text-align: justify; padding: 0pt;"><div style="font-weight: normal; 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 $310,000 for a purchase price of $279,000 (the “Note”). The closing of the Purchase Agreements occurred on June 7, 2022. The Note bears an original issue discount of $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 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 (7) 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></td></tr></table><div style="clear: both; max-height: 0px; text-indent: 0px;"></div><div style="margin-bottom: 0px; margin-top: 0px; text-indent: 0px; margin-right: 0px;"></div><div style="text-indent: 0px; margin-right: 0px; margin-bottom: 0px; margin-top: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="text-indent: 0px; margin-right: 0px; margin-bottom: 0px; margin-top: 0px;"><div style="font-size: 10pt; font-family: "Times New Roman", serif; 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="text-indent: 0px; margin-right: 0px; margin-bottom: 0px; margin-top: 0px;"></div><div style="font-family: 'Times New Roman', 'serif';font-size: 10pt;margin-bottom: .001pt;margin-left: 0.11in;margin-top: 0;text-align: justify;text-indent: 0.11in;;font-weight: bold;"><div style="white-space: pre-wrap; font-family: "Times New Roman", "serif"; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px; line-height: 12pt;;display:inline;"> </div></div><div style="margin-top: 0px; margin-bottom: 0px; margin-right: 0px;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="margin-top: 0px; margin-bottom: 0px; margin-right: 0px;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font: 10pt / 12pt "Times New Roman", Times, serif; margin: 0px 0px 0px 0in; text-align: justify;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;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> <div style="font: 10pt / 12pt "Times New Roman", Times, serif; margin: 0px; text-align: justify; text-indent: 0px;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font: 10pt / 12pt "Times New Roman", Times, serif; margin: 0px 0px 0px 0in; text-align: justify;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;">On July 11, 2022, Mast Hill Fund agreed to extend the timeframes in section 2(a) of the Registration Rights Agreement dated </div><div style="font-size: 10pt; font-family: "Times New Roman", serif; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">April<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;">12<div style="letter-spacing: 0px; top: 0px;;display:inline;">,<div style="letter-spacing: 0px; top: 0px;;display:inline;">20</div>22</div> 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 </div><div style="font-size: 10pt; font-family: "Times New Roman", serif; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">April </div>12<div style="letter-spacing: 0px; top: 0px;;display:inline;">,2022</div> </div> <div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;"> until February 9, 2023, and to have the Registration Statement become effective on or before February 9, 2037. </div></div> <div style="font: 10pt / 12pt "Times New Roman", Times, serif; margin: 0px 0px 0px 7.95pt; text-align: justify; text-indent: 7.95pt;"><div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-weight: normal; letter-spacing: 0px; top: 0px;;display:inline;">As of May 31, 2023, and February 28, 2023 the balances were $620,000 and $594,804 respectively. </div>The interest payable for the three-month period ending May 31,2023 and 2022 is $18600 and 5,063 respectively. The debt discount amortized for the three-month period ending May 31,2023 and 2022 is $25,196 and $12,139 respectively. | |
CY2023Q2 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
620000 | |
CY2023Q1 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
594804 | |
CY2023Q2 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-18600 | |
CY2022Q2 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-5063 | |
CY2023Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
25196 | |
CY2022Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
12139 | |
CY2023Q2 | bfyw |
Rental Payments
RentalPayments
|
6650 | |
CY2023Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
2013 | |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1460 | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | |
CY2023Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2013 | |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1460 | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2323 | |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2323 | |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
970 | |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
776 | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1353 | |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1547 | |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
194 | |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
194 | |
CY2023Q2 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
225887 | |
CY2023Q2 | bfyw |
Treasury Rate
TreasuryRate
|
0.0381 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
79800 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
79800 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
66500 | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
226100 | |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
12097 | |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
214003 | |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
72911 | |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
141092 | |
CY2023Q2 | bfyw |
Schedule Of Additional Information Pertaining To Our Leases
ScheduleOfAdditionalInformationPertainingToOurLeases
|
The following table set forth additional information pertaining to our leases:<div style="margin-top: 0px; margin-bottom: 0px; text-indent: 0px; line-height: 10pt; font-size: 10pt;"><br/></div> <table cellpadding="0" cellspacing="0" style="width: 100%; margin: 0in 0pt; border-collapse: collapse; border-spacing: 0px; text-indent: 0px;;margin-right : auto;"> <tr> <td style="width: 87%; padding: 0px 0pt 0.5pt; font-size: 10pt; background-color: rgba(255, 255, 255, 0); vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">For the three months ending May 31,</div></div></div></div></div> </td> <td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; background-color: rgba(255, 255, 255, 0); vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="width: 1%; padding: 0in; font-size: 10pt; background-color: rgba(255, 255, 255, 0); border-bottom: 1pt solid windowtext; border-top: none; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt; margin-left: 0in; text-indent: 0in; white-space: nowrap;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td colspan="1" style="border-top: none; border-image: initial; border-bottom: 1pt solid windowtext; width: 10%; padding: 0in; font-size: 10pt; white-space: nowrap; background-color: rgba(255, 255, 255, 0); text-align: right; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; margin-right: 0in; line-height: 12pt; text-align: center;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">2023</div></div></div></div></div> </td> <td style="width: 1%; padding: 0in 0in 0.5pt; font-size: 10pt; white-space: nowrap; background-color: rgba(255, 255, 255, 0); vertical-align: bottom;"> <div style="font-size: 10pt; font-family: "Times New Roman", Times, "serif"; margin-left: 0in; text-indent: 0in; line-height: normal;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> </td> </tr> <tr> <td style="background: rgb(204, 238, 255); width: 87%; padding: 0px 0pt; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">Cash paid for amounts included in the measurement of lease liabilities:</div></div></div></div> </td> <td style="background: rgb(204, 238, 255); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="background: rgb(204, 238, 255); width: 1%; padding: 0in; font-size: 10pt; border-bottom: none; border-top: 0px solid windowtext; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt; margin-left: 0in; text-indent: 0in; white-space: nowrap;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="border-bottom: none; border-image: initial; background: rgb(204, 238, 255); width: 10%; border-top: 0px solid windowtext; padding: 0in; font-size: 10pt; white-space: nowrap; text-align: right; vertical-align: bottom;">—</td> <td style="background: rgb(204, 238, 255); width: 1%; padding: 0in; font-size: 10pt; white-space: nowrap; vertical-align: bottom;"> <div style="font-size: 10pt; font-family: "Times New Roman", Times, "serif"; margin-left: 0in; text-indent: 0in; line-height: normal;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> </td> </tr> <tr> <td style="background: rgba(255, 255, 255, 0); width: 87%; padding: 0px 0pt; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">Operating cash flows from operating leases</div></div></div></div> </td> <td style="background: rgba(255, 255, 255, 0); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="background: rgba(255, 255, 255, 0); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt; margin-left: 0in; text-indent: 0in; white-space: nowrap;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="width: 10%; padding: 0in; font-size: 10pt; white-space: nowrap; background-color: rgba(255, 255, 255, 0); vertical-align: bottom;"> <div style="text-align: right; font-family: "Times New Roman", Times, "serif"; font-size: 10pt; margin-right: 0in; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">—</div></div></div></div> </td> <td style="width: 1%; padding: 0in; font-size: 10pt; white-space: nowrap; background-color: rgba(255, 255, 255, 0); vertical-align: bottom;"> <div style="font-size: 10pt; font-family: "Times New Roman", Times, "serif"; margin-left: 0in; text-indent: 0in; line-height: normal;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> </td> </tr> <tr> <td style="background: rgb(204, 238, 255); width: 87%; padding: 0px 0pt; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">Weighted average remaining lease term – operating leases</div></div></div></div> </td> <td style="background: rgb(204, 238, 255); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="background: rgb(204, 238, 255); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt; margin-left: 0in; text-indent: 0in; white-space: nowrap;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="background: rgb(204, 238, 255); width: 10%; padding: 0in; font-size: 10pt; white-space: nowrap; vertical-align: bottom;"> <div style="text-align: right; font-family: "Times New Roman", Times, "serif"; font-size: 10pt; margin-right: 0in; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">2.8 years</div></div></div></div> </td> <td style="background: rgb(204, 238, 255); width: 1%; padding: 0in; font-size: 10pt; white-space: nowrap; vertical-align: bottom;"> <div style="font-size: 10pt; font-family: "Times New Roman", Times, "serif"; margin-left: 0in; text-indent: 0in; line-height: normal;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> </td> </tr> <tr> <td style="background: rgba(255, 255, 255, 0); width: 87%; padding: 0px 0pt; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">Weighted average discount rate – operating leases</div></div></div></div> </td> <td style="background: rgba(255, 255, 255, 0); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="background: rgba(255, 255, 255, 0); width: 1%; padding: 0in; font-size: 10pt; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt; margin-left: 0in; text-indent: 0in; white-space: nowrap;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;"> </div></div></div></div> </td> <td style="background: rgba(255, 255, 255, 0); width: 10%; padding: 0in; font-size: 10pt; white-space: nowrap; text-align: right; vertical-align: bottom;"> <div style="font-family: "Times New Roman", Times, "serif"; font-size: 10pt; margin-right: 0in; line-height: 12pt;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">3.81</div></div></div></div> </td> <td style="background: rgba(255, 255, 255, 0); width: 1%; padding: 0in; font-size: 10pt; white-space: nowrap; vertical-align: bottom;"> <div style="margin-left: 0in; font-family: "Times New Roman", Times, "serif"; font-size: 10pt; line-height: 12pt; text-indent: 0in;;text-align:;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; line-height: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px; font-size: 10pt;;display:inline;">%</div></div></div></div> </td> </tr> </table> | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y9M18D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0381 | |
CY2023Q2 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
433500 | |
CY2023Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
293000 | |
CY2023Q2 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
479919 | |
CY2023Q1 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
379759 | |
CY2023Q2 | bfyw |
Stock Purchase Warrant Liability Description
StockPurchaseWarrantLiabilityDescription
|
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. | |
CY2022Q2 | us-gaap |
Debt Instrument Fee Amount
DebtInstrumentFeeAmount
|
22320 | |
CY2023Q2 | bfyw |
Non Cancelable Warrants Percentage
NonCancelableWarrantsPercentage
|
0.08 | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
1.20 | |
CY2023Q2 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
700000 | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
700000 | |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
404114987 | |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
404114987 | |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
404014987 | |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
404014987 | |
CY2023Q2 | bfyw |
Purchase Commitment Shares
PurchaseCommitmentShares
|
4960000 | |
CY2022Q2 | bfyw |
Proceeds From Restricted Common Stock
ProceedsFromRestrictedCommonStock
|
40248 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
20000000 | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
|
14000000 | |
CY2023Q2 | bfyw |
Stock Option Description
StockOptionDescription
|
6,000,000 shares vest over the next year | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
25 | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
4853749 | |
CY2023Q2 | us-gaap |
Share Price
SharePrice
|
22 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.72 | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0101 | |
CY2022Q1 | us-gaap |
Share Price
SharePrice
|
11 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.63 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0126 | |
CY2023Q2 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
384438 | |
CY2022Q2 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
495577 | |
CY2023Q2 | bfyw |
Total Unamortized Stock Option Expense
TotalUnamortizedStockOptionExpense
|
230175 | |
CY2023 | bfyw |
Total Unamortized Stock Option Expense
TotalUnamortizedStockOptionExpense
|
614613 | |
CY2022Q2 | bfyw |
Fair Market Value
FairMarketValue
|
550000 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
913 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
12995 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
13908 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
2365 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
|
2454 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
537 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
|
36 | |
CY2022Q2 | bfyw |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Notes Payable Gushy
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesNotesPayableGushy
|
35000 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
40392 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
-26484 | |
CY2022Q2 | us-gaap |
Business Acquisitions Purchase Price Allocation Subsequent Years Remaining Adjustments
BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsRemainingAdjustments
|
-557000 | |
CY2022Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
-583484 | |
CY2023Q2 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
557000 | |
CY2023Q2 | us-gaap |
Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
|
583484 |