2024 Q1 Form 10-Q Financial Statement

#000109690624000562 Filed on March 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.42K
YoY Change 0.01%
% of Gross Profit
Operating Expenses $367.2K
YoY Change -91.75%
Operating Profit -$367.2K
YoY Change -91.75%
Interest Expense $76.53K
YoY Change 56.72%
% of Operating Profit
Other Income/Expense, Net $171.3K
YoY Change -95.73%
Pretax Income -$120.7K
YoY Change -97.32%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$120.7K
YoY Change -97.32%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 301.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $426.4K
YoY Change 17664.58%
Cash & Equivalents $426.4K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $426.4K
YoY Change 17657.18%
LONG-TERM ASSETS
Property, Plant & Equipment $401.0K
YoY Change -25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $401.0K
YoY Change -25.0%
TOTAL ASSETS
Total Short-Term Assets $426.4K
Total Long-Term Assets $401.0K
Total Assets $827.4K
YoY Change 54.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.010M
YoY Change 1.8%
Accrued Expenses $553.5K
YoY Change 76.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $150.0K
YoY Change
Total Short-Term Liabilities $2.973M
YoY Change -66.73%
LONG-TERM LIABILITIES
Long-Term Debt $7.634M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $7.634M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.973M
Total Long-Term Liabilities $7.634M
Total Liabilities $10.61M
YoY Change 18.7%
SHAREHOLDERS EQUITY
Retained Earnings -$48.73M
YoY Change -8.34%
Common Stock $301.3K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$9.780M
YoY Change
Total Liabilities & Shareholders Equity $827.4K
YoY Change 54.05%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income -$120.7K
YoY Change -97.32%
Depreciation, Depletion And Amortization $33.42K
YoY Change 0.01%
Cash From Operating Activities -$226.9K
YoY Change 121.57%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.0K
YoY Change 490.25%
NET CHANGE
Cash From Operating Activities -226.9K
Cash From Investing Activities 0.000
Cash From Financing Activities 500.0K
Net Change In Cash 273.1K
YoY Change -1642.88%
FREE CASH FLOW
Cash From Operating Activities -$226.9K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-01-31
dei Entity File Number
EntityFileNumber
000-55862
dei Entity Registrant Name
EntityRegistrantName
BAKHU HOLDINGS, CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-0510649
dei Entity Address Address Line1
EntityAddressAddressLine1
One World Trade Center
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 130
dei Entity Address City Or Town
EntityAddressCityOrTown
Long Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
90831
dei City Area Code
CityAreaCode
858
dei Local Phone Number
LocalPhoneNumber
682-2548
dei Entity Current Reporting Status
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dei Entity Interactive Data Current
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us-gaap Nature Of Operations
NatureOfOperations
<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;text-indent:-27.35pt;margin-left:27.35pt;text-align:justify"><b>NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS; BASIS OF PRESENTATION</b></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;text-indent:-27pt;margin-left:63.1pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Bakhu Holdings, Corp. (formerly Planet Resources, Corp.) (the “Company”) was incorporated under the laws of the State of Nevada, U.S. on April 24, 2008. In May 2009, the Company began to look for other types of business to pursue that would benefit the stockholders. To pursue businesses outside the mining industry the name of the Company was changed with the approval of the directors and stockholders to Bakhu Holdings, Corp. on May 4, 2009.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company has not generated any revenue to date, and consequently, its operations are subject to all risks inherent in establishing a new business enterprise. For the period from inception, April 24, 2008, through January 31, 2024, the Company has accumulated losses of $48,731,646.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">On December 20, 2018, the Company acquired a license from Cell Science Holding Ltd. (“Cell Science”) in exchange for 210,000,000 shares of Company common stock.  The license provides for the Company’s exclusive right in North America and Central America to use certain patents and intellectual property for the production of cannabinoids for medical, food additive, and recreational uses.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">On August 9, 2019, the Company formed Cell Science CBD International, Inc., a California corporation as a wholly owned subsidiary to commercialize use of the licensed technology to produce and manufacture cannabis and their byproducts that have measurable tetrahydrocannabinol (THC) concentration potency less than 3% on a dry weight basis. This subsidiary had no active operations as of January 31, 2024. When used herein, the “Company” includes this consolidated subsidiary.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In the opinion of management, the Company’s financial statements reflect all adjustments that are of a normal recurring nature necessary for presentation of financial statements for interim periods in accordance with U.S. generally accepted accounting principles (GAAP) and with the instructions to Form 10-Q in Article 10 of SEC Regulation S-X. As used in this report, the term the “Company” means Bakhu Holdings, Corp. and its subsidiary, unless the context indicates otherwise.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;text-align:justify">The Company condensed or omitted certain information and footnote disclosures normally included in our annual audited financial statements, which the Company prepared in accordance with GAAP. Our interim financial statements should be read in conjunction with our annual report on Form 10-K for the year ended July 31, 2023.</p>
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2008-04-24
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-48731646 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-48731646 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;margin-left:0.3pt;text-align:justify"><span style="border-bottom:1px solid #000000">Use of Estimates and Assumptions</span></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;text-indent:-27pt;margin-left:63.2pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;margin-left:0.2pt;text-align:justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
us-gaap Share Based Compensation
ShareBasedCompensation
797968 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5640211 usd
us-gaap Fiscal Period
FiscalPeriod
<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;margin-left:0.7pt;text-align:justify"><span style="border-bottom:1px solid #000000">Fiscal Periods</span></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;margin-left:0.7pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.1pt;margin-left:0.7pt;text-align:justify">The Company’s fiscal year end is July 31.</p>
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
668358 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
668357 usd
CY2024Q1 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
267343 usd
CY2023Q3 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
200507 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
401015 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
467850 usd
CY2024Q1 fil Notes Payable Related Parties
NotesPayableRelatedParties
7253972 usd
CY2023Q3 fil Notes Payable Related Parties
NotesPayableRelatedParties
6744672 usd
CY2024Q1 fil Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
150000 usd
CY2023Q3 fil Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
6744672 usd
CY2024Q1 fil Notes Payable Related Parties Noncurrent1
NotesPayableRelatedPartiesNoncurrent1
7103972 usd
CY2023Q3 fil Notes Payable Related Parties Noncurrent1
NotesPayableRelatedPartiesNoncurrent1
0 usd
CY2024Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
530000 usd
CY2023Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
0 usd
CY2020Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
20000000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10943075 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
fil Share Based Compensation Arrangement By Share Based Payment Award Options Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
240000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10703075 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10703075 shares
fil License Fee
LicenseFee
250000 usd
CY2024Q1 fil Space Sharing Fees
SpaceSharingFees
10000 usd
CY2023Q1 fil Space Sharing Fees
SpaceSharingFees
60000 usd
CY2024Q1 fil Cannabis Activities Fees
CannabisActivitiesFees
11640 usd
CY2023Q1 fil Cannabis Activities Fees
CannabisActivitiesFees
69840 usd
CY2024Q1 fil Settlement Liability Due To Leasing Company
SettlementLiabilityDueToLeasingCompany
260000 usd
us-gaap Reclassifications
Reclassifications
<p style="font:10pt Times New Roman;margin:0;color:#000000"><b>NOTE 9 – RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS</b></p> <p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company has restated the consolidated Financial Statements for the three and six months ended January 31, 2023 (which were included in the Company’s Form 10-Q filed with the SEC on December 20, 2022) in order to correct the consulting fees expense related to warrants issued.  The Company had previously expensed warrants that had not yet vested and therefore had overstated consulting fees expense.  </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The effect of the restatement adjustment on the Consolidated Statement of Operations for the three months ended January 31, 2023 follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"></td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:12pt Times New Roman;margin:0;text-align:center"><span style="font-size:9.5pt">As previously Reported</span></p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:12pt Times New Roman;margin:0;text-align:center"><span style="font-size:9.5pt">Restatement Adjustment</span></p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:12pt Times New Roman;margin:0;text-align:center"><span style="font-size:9.5pt">As Restated</span></p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Revenues</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">- </kbd> </p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Operating expenses:</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Consulting fees</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">4,006,725 </kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">(1,361,913)</kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">2,644,812 </kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Professional fees</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">178,495 </kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">178,495 </kbd> </p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0">    Depreciation of fixed assets</p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">33,418 </kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">33,418 </kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Other operating expenses</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">233,408 </kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">233,408 </kbd> </p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Total operating expenses</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">4,452,046 </kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">(1,361,913)</kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">3,090,133 </kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Loss from operations</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(4,452,046)</kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">1,361,913 </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(3,090,133)</kbd> </p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Other expenses</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(48,830)</kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(48,830)</kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Net Loss</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(4,500,876)</kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">1,361,913 </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(3,138,963)</kbd> </p> </td></tr> <tr><td style="width:47.56%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Net loss per share – basic and diluted</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:3px double #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(0.01)</kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:3px double #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">0.00 </kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:3px double #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(0.01)</kbd> </p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000"><b>NOTE 9 – RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (continued)</b></p> <p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The effect of the restatement adjustment on the Consolidated Statement of Operations for the six months ended January 31, 2023 follows:</p> <table style="border-collapse:collapse;width:100%"><tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"></td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:12pt Times New Roman;margin:0;text-align:center"><span style="font-size:9.5pt">As previously Reported</span></p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:12pt Times New Roman;margin:0;text-align:center"><span style="font-size:9.5pt">Restatement Adjustment</span></p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:12pt Times New Roman;margin:0;text-align:center"><span style="font-size:9.5pt">As Restated</span></p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0;text-align:justify"> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Revenues</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">- </kbd> </p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Operating expenses:</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Consulting fees</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">8,534,725 </kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">(2,723,826)</kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">5,810,899 </kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Professional fees</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">348,718 </kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">348,718 </kbd> </p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0">    Depreciation of fixed assets</p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">66,836 </kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">66,836 </kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Other operating expenses</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">523,922 </kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">523,922 </kbd> </p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">    Total operating expenses</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">9,474,201 </kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">(2,723,826)</kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">6,750,375 </kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Loss from operations</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(9,474,201)</kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">2,723,826 </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(6,750,375 </kbd> </p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Other expenses</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(161,241)</kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">- </kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(161,241)</kbd> </p> </td></tr> <tr><td style="background-color:#CCEEFF;width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Net Loss</span></p> </td><td style="background-color:#CCEEFF;width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(9,635,442)</kbd> </p> </td><td style="background-color:#CCEEFF;width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">2,723,826 </kbd> </p> </td><td style="background-color:#CCEEFF;width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(6,911,616)</kbd> </p> </td></tr> <tr><td style="width:47.58%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:12pt Times New Roman;margin:0"><span style="font-size:9.5pt">Net loss per share – basic and diluted</span></p> </td><td style="width:16.48%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:3px double #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:70pt">(0.03)</kbd> </p> </td><td style="width:3.16%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.24%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:3px double #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:65pt">0.01 </kbd> </p> </td><td style="width:2.5%;padding-top:0.15pt;padding-bottom:0.15pt" valign="top"><p style="font:9.5pt Times New Roman;margin:0"> </p> </td><td style="width:15.04%;padding-top:0.15pt;padding-bottom:0.15pt;border-top:3px double #000000;border-bottom:3px double #000000" valign="top"><p style="font:9.5pt Times New Roman;margin:0"><kbd style="position:absolute;font:9.5pt Times New Roman;margin-left:6pt">$</kbd><kbd style="position:absolute;text-align:right;font:9.5pt Times New Roman;width:64pt">(0.02)</kbd> </p> </td></tr> </table>
CY2023Q1 us-gaap Revenues
Revenues
0 usd
CY2023Q1 us-gaap Other Expenses
OtherExpenses
2644812 usd
CY2023Q1 us-gaap Professional Fees
ProfessionalFees
178495 usd
CY2023Q1 us-gaap Depreciation
Depreciation
33418 usd
CY2023Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
233408 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
3090133 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-3090133 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-48830 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-3138963 usd
CY2023Q1 fil Basic Net Loss Per Share
BasicNetLossPerShare
-0.01
us-gaap Revenues
Revenues
0 usd
us-gaap Other Expenses
OtherExpenses
5810899 usd
us-gaap Professional Fees
ProfessionalFees
348718 usd
us-gaap Depreciation
Depreciation
66836 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
523922 usd
us-gaap Operating Expenses
OperatingExpenses
6750375 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-6750375 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-161241 usd
us-gaap Net Income Loss
NetIncomeLoss
-6911616 usd
fil Basic Net Loss Per Share
BasicNetLossPerShare
-0.02

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