2023 Q3 Form 10-Q Financial Statement

#000139390523000311 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $869.5K $1.409M $2.459M
YoY Change -34.07% -42.69% 15.06%
Cost Of Revenue $499.4K $609.3K $1.118M
YoY Change -16.07% -45.51% 195.74%
Gross Profit $370.1K $800.1K $1.341M
YoY Change -48.87% -40.34% -23.77%
Gross Profit Margin 42.56% 56.77% 54.53%
Selling, General & Admin $312.4K $400.4K $1.962M
YoY Change -52.25% -79.59% -12.14%
% of Gross Profit 84.43% 50.05% 146.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.533K $9.171K $70.57K
YoY Change -2.78% -87.0% 0.07%
% of Gross Profit 2.58% 1.15% 5.26%
Operating Expenses $812.7K $1.002M $1.962M
YoY Change -47.06% -48.91% -12.14%
Operating Profit -$442.6K -$202.4K -$621.3K
YoY Change -45.44% -67.43% 31.01%
Interest Expense -$130.0K -$598.3K $319.6K
YoY Change -312.84% -287.19% -120.6%
% of Operating Profit
Other Income/Expense, Net -$52.92K -$326.1K $6.100K
YoY Change 20.64% -5446.66% -75.01%
Pretax Income -$495.5K -$528.5K -$185.4K
YoY Change -42.05% 185.1% -90.35%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$327.1K -$549.8K $20.51K
YoY Change -43.76% -2780.64% -101.27%
Net Earnings / Revenue -37.63% -39.01% 0.83%
Basic Earnings Per Share $0.00 -$0.02 $0.00
Diluted Earnings Per Share $0.00 -$0.02 $6.95
COMMON SHARES
Basic Shares Outstanding 97.07M shares 12.29M shares 5.899M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.18K $146.8K $494.5K
YoY Change -74.8% -70.3% -79.56%
Cash & Equivalents $47.18K $146.8K $494.5K
Short-Term Investments
Other Short-Term Assets $13.55K $2.600K $86.21K
YoY Change -80.08% -96.98% 85.44%
Inventory $2.825M $2.881M $3.001M
Prepaid Expenses
Receivables $131.5K $132.1K $141.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.017M $3.163M $3.723M
YoY Change -8.95% -15.04% -29.24%
LONG-TERM ASSETS
Property, Plant & Equipment $26.58K $36.11K $123.2K
YoY Change -55.68% -70.68% -50.78%
Goodwill $5.681M $5.681M
YoY Change 0.0%
Intangibles $87.85K $148.3K
YoY Change -73.36%
Long-Term Investments $6.600K $6.600K $6.600K
YoY Change 0.0% 0.0% 13.21%
Other Assets
YoY Change
Total Long-Term Assets $5.898M $5.977M $6.201M
YoY Change -3.41% -3.62% 63.68%
TOTAL ASSETS
Total Short-Term Assets $3.017M $3.163M $3.723M
Total Long-Term Assets $5.898M $5.977M $6.201M
Total Assets $8.915M $9.139M $9.924M
YoY Change -5.36% -7.91% 9.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.769M $1.682M $1.768M
YoY Change 1.37% -4.88% -5.96%
Accrued Expenses $1.388M $1.101M $441.0K
YoY Change 304.56% 149.59% -30.77%
Deferred Revenue
YoY Change
Short-Term Debt $1.087M $1.051M $948.5K
YoY Change -12.63% 10.81% -40.26%
Long-Term Debt Due $701.9K $768.7K $788.4K
YoY Change -7.04% -2.49%
Total Short-Term Liabilities $5.923M $5.266M $4.132M
YoY Change 40.03% 27.44% -31.6%
LONG-TERM LIABILITIES
Long-Term Debt $260.1K $260.2K $261.9K
YoY Change -0.46% -0.66% -1.11%
Other Long-Term Liabilities $67.80K $72.11K $15.91K
YoY Change 501.06% 353.24% -70.21%
Total Long-Term Liabilities $327.9K $332.3K $277.8K
YoY Change 20.29% 19.61% -12.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.923M $5.266M $4.132M
Total Long-Term Liabilities $327.9K $332.3K $277.8K
Total Liabilities $6.251M $5.598M $3.153M
YoY Change 38.84% 77.52% -47.28%
SHAREHOLDERS EQUITY
Retained Earnings -$21.19M -$20.84M
YoY Change 16.53%
Common Stock $1.531K $741.00
YoY Change -96.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.671M $5.064M $6.771M
YoY Change
Total Liabilities & Shareholders Equity $8.915M $9.139M $9.924M
YoY Change -5.36% -7.91% 9.66%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$327.1K -$549.8K $20.51K
YoY Change -43.76% -2780.64% -101.27%
Depreciation, Depletion And Amortization $9.533K $9.171K $70.57K
YoY Change -2.78% -87.0% 0.07%
Cash From Operating Activities -$198.6K -$31.07K -$506.6K
YoY Change -66.74% -93.87% 0.43%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
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 $740.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 98.93K 63.94K 405.2K
YoY Change -65.88% -84.22% -80.67%
NET CHANGE
Cash From Operating Activities -198.6K -31.07K -506.6K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 98.93K 63.94K 405.2K
Net Change In Cash -99.66K 32.87K -101.4K
YoY Change -67.56% -132.42% -106.38%
FREE CASH FLOW
Cash From Operating Activities -$198.6K -$31.07K -$506.6K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$198.6K -$31.07K -$506.6K
YoY Change -66.74% -93.87% 1.27%

Facts In Submission

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<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Note 1 - Nature of Operations and Basis of Presentation</b></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"><b>Organization and Nature of Operations</b></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">Bergio International, Inc. (the “Company”) was incorporated in the State of Delaware on July 24, 2007 under the name Alba Mineral Exploration, Inc. On October 21, 2009, as a result of a Share Exchange Agreement, the corporation’s name was changed to Bergio International, Inc. On February 19, 2020, the Company changed its state of incorporation to Wyoming. The Company is engaged in the product design, manufacturing, distribution of fine jewelry primarily in the United States and is headquartered in Fairfield, New Jersey. The Company’s intent is to take advantage of the Bergio brand and establish a chain of retail stores worldwide. The Company’s branded product lines are products and/or collections designed by the Company’s designer and CEO, Berge Abajian, and will be the centerpiece of the Company’s retail stores.</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 February 10, 2021, the Company entered into an Acquisition Agreement (“Acquisition Agreement”) with Digital Age Business, Inc., a Florida corporation, (“Digital Age Business”), pursuant to which the shareholders of Digital Age Business agreed to sell all of the assets and liabilities of its Aphrodite’s business to a subsidiary of the Company known as Aphrodite’s Marketing, Inc. (“Aphrodite’s Marketing”), a Wyoming corporation in exchange for Series B Preferred Stock of the Company. The Company owns 51% of Aphrodite’s Marketing.</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 July 1, 2021 (“Closing”), the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with GearBubble, Inc., a Nevada corporation, (“GearBubble”), pursuant to which the shareholders of GearBubble (the “Equity Recipients”) agreed to sell 100% of the issued and outstanding shares of GearBubble to a subsidiary of the Company known as GearBubble Tech, Inc. (“GearBubble Tech”), a Wyoming corporation in exchange for $3,162,000 (the “Cash Purchase Price”), which shall be paid as follows: a) $2,000,000 (which was paid in cash at Closing), b) $1,162,000 to be paid in 15 equal installments, and c) 49,000 of the 100,000 authorized shares of the Merger Sub, such that upon the Closing, 51% of the Merger Sub shall be owned by the Company, and 49% of the Merger Sub shall be owned by the GearBubble Shareholders. The Company owns 51% of GearBubble Tech.</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 March 24, 2021, the Company filed, with the Wyoming Secretary of State, a Certificate of Amendment, to amend its Articles of Incorporation. The amendment reflected the increase in the authorized shares of common stock from 1,000,000,000 shares to 3,000,000,000 shares. On July 9, 2021, the Company filed, with the Wyoming Secretary of State, a Certificate of Amendment, to amend its Articles of Incorporation. The amendment reflected the increase in the authorized shares of common stock from 3,000,000,000 shares to 6,000,000,000 shares. On April 28, 2022, the Company filed, with the Wyoming Secretary of State, a Certificate of Amendment, to amend its Articles of Incorporation and reflected the increase in the authorized shares of common stock from 6,000,000,000 shares to 9,000,000,000 shares.</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 September 26, 2022, the Company filed, with the Wyoming Secretary of State, a Certificate of Amendment, to amend its Articles of Incorporation and reflected the increase in the authorized shares of common stock from 9,000,000,000 shares to 15,000,000,000 shares. In March 2023, the Company filed, with the Wyoming Secretary of State, a Certificate of Amendment, to amend its Articles of Incorporation and reflected the increase in the authorized shares of common stock from 15,000,000,000 shares to 25,000,000,000 shares. In the same Articles of Amendment, the Company filed for a reverse split of the Company’s common stock, at the ratio of 1 for 500 (the “Reverse Stock Split”), which was declared effective by Financial Industry Regulatory Authority (“FINRA”) effective April 17, 2023. All share and per-share data and amounts have been retroactively adjusted as of the earliest period presented in the unaudited condensed consolidated financial statements to reflect the Reverse Stock Split.</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">  </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Basis of Presentation</b></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 accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information, which includes consolidated interim financial statements and present the consolidated interim financial statements of the Company and its wholly-owned and majority-owned subsidiaries as of June 30, 2023. All intercompany transactions and balances have been eliminated. In the opinion of management, all adjustments necessary to present fairly our financial position, results of operations, and cash flows have been made. Those adjustments consist of normal and recurring adjustments. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2022, and footnotes thereto included in the Company’s Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023 (the “Annual Report”). The results of operations for the six months ended June 30, 2023, are not necessarily indicative of the results to be expected for the full year.</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"><b>Impact of the COVID-19 Coronavirus</b></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’s operations have been affected by the recent and ongoing outbreak of the coronavirus disease 2019 (COVID-19) which in March 2020, was declared a pandemic by the World Health Organization. The ultimate disruption which may be caused by the outbreak is uncertain; however, it has resulted in a material adverse impact on the Company’s financial position, operations and cash flows. Areas affected include, but are not limited to, disruption to the Company’s customers and revenue, including a significant disruption in consumer demand and accessories, labor workforce, inability of customers to pay outstanding accounts receivable due and owing to the Company as they limit or shut down their businesses, customers seeking relief or extended payment plans relating to accounts receivable due and owing to the Company, unavailability of products and supplies used in operations, and the decline in value of assets held by the Company, including property and equipment. As such, the comparability of the Company’s operating results has been affected by significant adverse impacts related to the COVID-19 pandemic.</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 increased its online presence to minimize the impact of having to close its retail stores as well as directing efforts towards its wholesale operations. The Company increased its online presence through its majority-owned subsidiaries, Aphrodite’s Marketing and GearBubble Tech.</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"><b>Non-controlling Interest in Consolidated Financial Statements</b></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 December 2007, the Financial Accounting Standard Board (“FASB”) issued ASC 810-10-65, “Non-controlling Interests in consolidated financial statements, an amendment of Accounting Research Bulletin No. 51” (“SFAS No. 160”). This ASC clarifies that a non-controlling (minority) interest in a subsidiary is an ownership interest in the entity that should be reported as equity in the unaudited condensed consolidated financial statements. It also requires consolidated net income to include the amounts attributable to both the parent and non-controlling interest, with disclosure on the face of the consolidated income statement of the amounts attributed to the parent and to the non-controlling interest. In accordance with ASC 810-10- 45-21, those losses attributable to the parent and the non-controlling interest in subsidiaries may exceed their interests in the subsidiary’s equity. The excess and any further losses attributable to the parent and the non-controlling interest shall be attributed to those interests even if that attribution results in a deficit non-controlling interest balance.</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 February 9, 2021, the Company entered into an Acquisition Agreement which resulted to the acquisition of 51% interest in Aphrodite’s Marketing. Additionally, on July 1, 2021, the Company entered into a Merger Agreement with GearBubble which resulted to the acquisition of 51% interest in the Merger Sub, GearBubble Tech. As of June 30, 2023 and December 31, 2022, the Company recorded a non-controlling interest balance of $(1,839,036) and $(1,545,389), respectively, in connection with the majority-owned subsidiaries, Aphrodite’s Marketing and GearBubble Tech as reflected in the accompanying unaudited condensed consolidated balance sheet and losses </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">attributable to non-controlling interest of $293,647 and $698,616 during the six months ended June 30, 2023 and 2022, respectively as reflected in the accompanying unaudited condensed consolidated statements of operations.</p>
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CY2021Q3 fil Total Selling Percentage
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CY2021Q3 fil Installment Description
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a) $2,000,000 (which was paid in cash at Closing), b) $1,162,000 to be paid in 15 equal installments, and c) 49,000 of the 100,000 authorized shares of the Merger Sub, such that upon the Closing, 51% of the Merger Sub shall be owned by the Company, and 49% of the Merger Sub shall be owned by the GearBubble Shareholders.
CY2021Q1 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
3000000000 shares
CY2021Q3 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
6000000000 shares
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IncreaseInAuthorizedCommonShares
9000000000 shares
CY2022Q3 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
15000000000 shares
CY2023Q1 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
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us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 500 (the “Reverse Stock Split”), which was declared effective by Financial Industry Regulatory Authority (“FINRA”) effective April 17, 2023.
CY2021Q1 fil Business Acquisition Interest Acquired
BusinessAcquisitionInterestAcquired
0.51 pure
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BusinessAcquisitionInterestAcquired
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us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
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IncomeLossAttributableToNoncontrollingInterest
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NetIncomeLoss
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NetCashProvidedByUsedInOperatingActivities
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RetainedEarningsAccumulatedDeficit
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WorkingCapitalDeficit
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PropertyPlantAndEquipmentGross
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PropertyPlantAndEquipmentGross
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MachineryAndEquipmentGross
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CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
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FurnitureAndFixturesGross
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us-gaap Use Of Estimates
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<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Use of Estimates</b></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 preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP 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. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from estimates. Significant estimates during the three months ended June 30, 2023 and 2022 include the estimates of useful lives of property and equipment and intangible assets, valuation of the operating lease liability and related right-of-use asset, valuation of derivatives, allowance for uncollectable receivables, valuation of equity based instruments issued for other than cash, the fair value of warrants issued with debt, the valuation allowance on deferred tax assets, and stock-based compensation.</p>
us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Cost of revenues</b></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">Cost of revenue consists primarily of the cost of the merchandise, shipping fees, credit card processing services, fulfillment cost, ecommerce sellers’ pay-out; costs associated with operation and maintenance of the Company’s platform.</p>
us-gaap Marketing Expense
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us-gaap Marketing Expense
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CY2023Q2 us-gaap Marketing Expense
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Reclassifications</b></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">Certain prior period amounts have been reclassified to conform to the current period presentation. The reclassified amounts have no impact on the Company’s previously reported financial position or results of operations and relates to the presentation of certain selling and marketing expenses previously included in cost of revenues.</p>
CY2023Q2 fil Total Derivative Liabilities
TotalDerivativeLiabilities
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CY2022Q4 fil Total Derivative Liabilities
TotalDerivativeLiabilities
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FurnitureAndFixturesGross
20511 usd
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PropertyPlantAndEquipmentOtherNet
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PropertyPlantAndEquipmentOtherNet
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CashFDICInsuredAmount
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PropertyPlantAndEquipmentNet
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CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10085 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Concentration Risk</b></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"><span style="border-bottom:1px solid #000000"><i>Concentration of Revenues</i></span></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">For the six months ended June 30, 2023 and 2022, no customer accounted for over 10% of total revenues.</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"><span style="border-bottom:1px solid #000000"><i>Concentration of Purchases</i></span></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 purchased approximately 20% of its finished products from one vendor during the six months ended June 30, 2023. The Company purchased approximately 32% of its finished products from two vendors (10% and 12%) during the six months ended June 30, 2022.</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"><span style="border-bottom:1px solid #000000"><i>Concentration of Accounts Receivable</i></span></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">As of June 30, 2023, accounts receivable amounted to $96,400 and two customers represented 73% (49% and 24%) of this balance. As of December 31, 2022, total accounts receivable amounted to $119,931 and two customers represented 90% (60% and 30%) of this balance.</p>
CY2023Q2 fil Concentration Risk Percentage Purchases
ConcentrationRiskPercentagePurchases
0.20 pure
CY2022Q4 fil Concentration Risk Percentage Purchases
ConcentrationRiskPercentagePurchases
0.32 pure
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AccountsReceivableGross
96400 usd
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ConcentrationRiskPercentageAccountsReceivable
0.73 pure
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AccountsReceivableGross
119931 usd
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ConcentrationRiskPercentageAccountsReceivable
0.90 pure
CY2023Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
391722 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
391722 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
199201830 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
44215684 shares
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DebtInstrumentFaceAmount
245873 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
79250 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
75615 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
59926 usd
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ConvertibleLongTermNotesPayable
170258 usd
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19324 usd
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DerivativeLiabilities
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CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
116508 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
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fil Initial Valuation Of Derivative Liabilities Included In Debt Discount
InitialValuationOfDerivativeLiabilitiesIncludedInDebtDiscount
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fil Initial Valuation Of Derivative Liabilities Related To Issuance Of Preferred Stock
InitialValuationOfDerivativeLiabilitiesRelatedToIssuanceOfPreferredStock
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fil Initial Valuation Of Derivative Liabilities Included In Derivative Expense
InitialValuationOfDerivativeLiabilitiesIncludedInDerivativeExpense
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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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DerivativeLiabilities
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fil Initial Valuation Of Derivative Liabilities Included In Debt Discount
InitialValuationOfDerivativeLiabilitiesIncludedInDebtDiscount
183000 usd
fil Initial Valuation Of Derivative Liabilities Included In Derivative Expense
InitialValuationOfDerivativeLiabilitiesIncludedInDerivativeExpense
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fil Reclassification Of Derivative Liabilities To Gain From Extinguishment Of Debt
ReclassificationOfDerivativeLiabilitiesToGainFromExtinguishmentOfDebt
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us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
52766 usd
CY2023Q2 fil Loans Principal Amount
LoansPrincipalAmount
880722 usd
CY2022Q4 fil Loans Principal Amount
LoansPrincipalAmount
839613 usd
CY2023Q2 fil Loans Payable Accrued Interest
LoansPayableAccruedInterest
498845 usd
CY2022Q4 fil Loans Payable Accrued Interest
LoansPayableAccruedInterest
232476 usd
CY2023Q2 us-gaap Interest And Dividends Payable Current
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1379567 usd
CY2022Q4 us-gaap Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
1072089 usd
CY2023Q2 us-gaap Notes Payable Fair Value Disclosure
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1037180 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
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CY2023Q2 fil Less Notes Payable Current Portion
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CY2023Q2 fil Less Unamortized Debt Discount
LessUnamortizedDebtDiscount
-8310 usd
CY2022Q4 fil Less Unamortized Debt Discount
LessUnamortizedDebtDiscount
0 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
260153 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
259496 usd
CY2023Q2 fil Minimum Principal Payments Notes Payable
MinimumPrincipalPaymentsNotesPayable
1037180 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.50
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3095983 shares
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
28050 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
22800 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
23370 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
23484 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
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CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4032 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
18145 usd
CY2023Q2 fil Less Amounts Representing Interest Lease Payments
LessAmountsRepresentingInterestLeasePayments
104432 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
32325 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
100000000 shares
CY2023Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021 fil Value Of Preferred Stock At Issuance Associated With The Acquisition In Shares
ValueOfPreferredStockAtIssuanceAssociatedWithTheAcquisitionInShares
5 shares
CY2023Q2 us-gaap Subordinated Debt
SubordinatedDebt
317000 usd
fil Accrued Dividends On Preferred Stock
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fil Accrued Dividends On Preferred Stock
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-14232 usd
CY2021Q1 fil Increase In Authorized Common Shares
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3000000000 shares
CY2021Q3 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
6000000000 shares
CY2022Q2 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
9000000000 shares
CY2022Q3 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
15000000000 shares
CY2023Q1 fil Increase In Authorized Common Shares
IncreaseInAuthorizedCommonShares
25000000000 shares
fil Issuance Of Common Stock For Debt Conversion Including Accrued Interest And Fees In Shares
IssuanceOfCommonStockForDebtConversionIncludingAccruedInterestAndFeesInShares
11751753 shares
CY2023Q2 fil Convertible Into Shares Of Common Fixed Price
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0.0018
fil Issuance Of Common Stock For Debt Conversion Including Accrued Interest And Fees
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21858 usd
us-gaap Stock Issued During Period Shares Issued For Services
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50000000 shares
CY2023Q2 fil Value Per Share Issued For Services
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0.002
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1596483 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.00
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1500000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.25
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.70
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3095983 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.70
CY2023Q2 fil Number Of Warrants Exercisable
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3095983 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.70
CY2023Q2 us-gaap Warrants And Rights Outstanding
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CY2023Q3 fil Issuance Of Common Stock For Debt Conversion Including Accrued Interest And Fees In Shares
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8825 usd

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