2023 Q3 Form 10-Q Financial Statement

#000121390023071846 Filed on August 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2021
Revenue $62.00K $0.00
YoY Change
Cost Of Revenue $51.64K
YoY Change
Gross Profit $62.00K $150.0K
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $309.9K $165.1K $502.8K
YoY Change -13.76% -47.93% -24.47%
% of Gross Profit 499.81% 335.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $309.9K $165.1K $502.8K
YoY Change -13.76% -47.93% -24.47%
Operating Profit -$247.9K -$165.1K -$288.3K
YoY Change -31.01% -40.35%
Interest Expense $169.4K $227.9K -$1.780M
YoY Change -15.43% 497.39% -27.35%
% of Operating Profit
Other Income/Expense, Net -$749.6K -$1.101M $22.38K
YoY Change 274.28% 10592.33%
Pretax Income -$997.4K -$1.266M -$1.553M
YoY Change 78.25% 341.03% -28.89%
Income Tax
% Of Pretax Income
Net Earnings -$997.4K -$1.266M -$1.553M
YoY Change 78.25% 341.03% -28.89%
Net Earnings / Revenue -1608.77%
Basic Earnings Per Share $0.00 $0.00 $0.01
Diluted Earnings Per Share $0.00 $0.00 -$322.80
COMMON SHARES
Basic Shares Outstanding 33.36B shares 31.30B 18.15M
Diluted Shares Outstanding 33.30M shares 32.27B shares 18.15M

Balance Sheet

Concept 2023 Q3 2023 Q2 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.870K $77.75K $5.710K
YoY Change -95.93% -72.7%
Cash & Equivalents $3.868K $77.75K $5.710K
Short-Term Investments
Other Short-Term Assets $860.00 $860.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.727K $78.60K $5.710K
YoY Change -95.03% -72.4%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $4.727K $78.60K $5.710K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $4.727K $78.60K $5.710K
YoY Change -95.03% -72.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $952.8K $952.9K $326.4K
YoY Change 128.36% 142.92% 0.0%
Accrued Expenses $364.6K $329.3K $1.555M
YoY Change -51.64% -72.18% 7.74%
Deferred Revenue
YoY Change
Short-Term Debt $896.4K $775.1K $864.1K
YoY Change 147.41% 170.83% -47.5%
Long-Term Debt Due $446.7K $563.0K
YoY Change 73.69% 118.91%
Total Short-Term Liabilities $6.854M $6.017M $2.971M
YoY Change 132.0% 79.7% -46.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.854M $6.017M $2.971M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $6.854M $6.017M $2.971M
YoY Change 110.18% 64.61% -46.51%
SHAREHOLDERS EQUITY
Retained Earnings -$12.25M -$9.892M
YoY Change 119.84% 97.27%
Common Stock $333.6K $324.4K
YoY Change 52.78% 107.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $773.5K $773.5K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity -$6.850M -$5.938M -$2.966M
YoY Change
Total Liabilities & Shareholders Equity $4.727K $78.60K $5.710K
YoY Change -95.03% -72.4%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2021
OPERATING ACTIVITIES
Net Income -$997.4K -$1.266M -$1.553M
YoY Change 78.25% 341.03% -28.89%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$46.58K -$8.890K -$65.29K
YoY Change -83.78% -93.28% 73.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $21.86K
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.30K -980.0 71.00K
YoY Change -128.0% -100.23% 88.83%
NET CHANGE
Cash From Operating Activities -46.58K -8.890K -65.29K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities -27.30K -980.0 71.00K
Net Change In Cash -73.88K -9.870K
YoY Change -61.06% -103.43%
FREE CASH FLOW
Cash From Operating Activities -$46.58K -$8.890K -$65.29K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Period End Date
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2023-06-30
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Use of Estimates</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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bomo Revenues Percentage
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bomo Reconciliation Of Debt Balances
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bomo Derivative Liability Transfer To Put Premium
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bomo Derivative Gain Loss On Derivative Fair Value
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CY2023Q2 us-gaap Derivative Instruments And Hedges Liabilities
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bomo Grant Income
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us-gaap Extinguishment Of Debt Amount
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bomo Initial Derivative Expense
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40000000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
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us-gaap Common Stock Voting Rights
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CY2022Q4 us-gaap Common Stock Shares Outstanding
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CY2023Q2 us-gaap Stockholders Equity Other Shares
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1144057959 shares
us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
5391441059 shares
CY2023Q2 us-gaap Excess Stock Shares Issued
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5391441059 shares
CY2023Q2 bomo Debt Instrument Face Value
DebtInstrumentFaceValue
375000 usd
us-gaap Debt Instrument Increase Decrease Other Net
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29152 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
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20490 usd
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CY2022Q4 bomo Share Available To Purchase With Stock Warrants Outstanding Number
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5616000000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0001
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.09
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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500000000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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4.72
CY2023Q2 bomo Share Available To Purchase With Stock Warrants Outstanding Number
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2023Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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bomo Weighted Average Price Exercisable
WeightedAveragePriceExercisable
0.0001
bomo Weighted Average Fair Value Exercisable Outstanding
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Deferred Revenue
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bomo Payments Of Loans Payable
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CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
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bomo Amount Of Indebtedness
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CY2023Q2 us-gaap Revenues
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CY2023Q2 us-gaap Cost Of Revenue
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CY2023Q2 us-gaap Gains Losses On Restructuring Of Debt
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CY2023Q2 bomo Initial Recognition Of Derivative Liability
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CY2022Q2 bomo Initial Recognition Of Derivative Liability
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CY2022Q2 us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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shares
bomo Weighted Average Price Forfeited
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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shares
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dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Entity Central Index Key
EntityCentralIndexKey
0001381871

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