2024 Q2 Form 10-K Financial Statement
#000164033424001032 Filed on July 01, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
Revenue | $18.82K | $60.00 | $577.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $32.44K | $43.79K | $169.9K |
YoY Change | -35.12% | -27.02% | 13.27% |
% of Gross Profit | |||
Research & Development | $0.00 | $550.00 | $130.3K |
YoY Change | -100.0% | -98.9% | 26.5% |
% of Gross Profit | |||
Depreciation & Amortization | $9.210K | $9.210K | $9.210K |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $41.65K | $53.55K | $309.4K |
YoY Change | -62.87% | -51.32% | 24.18% |
Operating Profit | -$22.83K | -$308.8K | |
YoY Change | -79.65% | 23.95% | |
Interest Expense | $24.64K | -$42.02K | $236.5K |
YoY Change | -36.32% | 40.07% | 111.21% |
% of Operating Profit | |||
Other Income/Expense, Net | -$23.59K | -$230.2K | |
YoY Change | -30.74% | 114.5% | |
Pretax Income | -$46.43K | -$95.52K | -$539.0K |
YoY Change | -68.25% | -31.77% | 51.21% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$46.43K | -$95.52K | -$539.0K |
YoY Change | -68.25% | -31.77% | 51.21% |
Net Earnings / Revenue | -246.73% | -159200.0% | -93421.32% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 36.51M shares | 36.51M shares | |
Diluted Shares Outstanding | 36.51M shares | 40.83M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.820K | $20.79K | $20.79K |
YoY Change | |||
Cash & Equivalents | $5.815K | $20.79K | $20.79K |
Short-Term Investments | |||
Other Short-Term Assets | $161.9K | $162.0K | $162.0K |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $219.7K | $233.7K | $233.7K |
YoY Change | 1407.14% | 2718.57% | 2237.2% |
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 | $239.6K | $248.8K | $248.8K |
YoY Change | -7.14% | -3.57% | -4.32% |
TOTAL ASSETS | |||
Total Short-Term Assets | $219.7K | $233.7K | $233.7K |
Total Long-Term Assets | $239.6K | $248.8K | $248.8K |
Total Assets | $459.3K | $482.5K | $482.5K |
YoY Change | 68.51% | 81.19% | 78.7% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $61.06K | $81.56K | $81.56K |
YoY Change | -38.94% | 103.9% | 103.9% |
Accrued Expenses | $49.19K | $37.88K | $37.88K |
YoY Change | 391.9% | 278.8% | 278.8% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $797.6K | $764.2K | $764.2K |
YoY Change | 109.89% | 163.53% | 163.53% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $970.5K | $947.0K | $947.0K |
YoY Change | 77.03% | 142.17% | 142.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $970.5K | $947.0K | $947.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $970.5K | $947.0K | $947.0K |
YoY Change | 77.03% | 142.17% | 142.83% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.149M | -$1.103M | |
YoY Change | 61.85% | 95.59% | |
Common Stock | $365.00 | $365.00 | |
YoY Change | -39.17% | -39.17% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$511.2K | -$464.5K | -$464.5K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $459.3K | $482.5K | $482.5K |
YoY Change | 68.51% | 81.19% | 78.7% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$46.43K | -$95.52K | -$539.0K |
YoY Change | -68.25% | -31.77% | 51.21% |
Depreciation, Depletion And Amortization | $9.210K | $9.210K | $9.210K |
YoY Change | |||
Cash From Operating Activities | -$34.59K | -$32.61K | -$244.8K |
YoY Change | -20.92% | -59.24% | 40.27% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$1.900K | -$42.95K |
YoY Change | -100.0% | -81.0% | 329.5% |
Cash From Investing Activities | $0.00 | -$1.900K | -$42.95K |
YoY Change | -100.0% | -81.0% | 615.9% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $20.00K | 50.50K | $309.7K |
YoY Change | -62.89% | 1.0% | 65.64% |
NET CHANGE | |||
Cash From Operating Activities | -$34.59K | -32.61K | -$244.8K |
Cash From Investing Activities | $0.00 | -1.900K | -$42.95K |
Cash From Financing Activities | $20.00K | 50.50K | $309.7K |
Net Change In Cash | -$14.98K | 15.99K | $18.52K |
YoY Change | 1034.77% | -139.97% | 712.42% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$34.59K | -$32.61K | -$244.8K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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CY2023 | caro |
Foreign Currency Exchange Rate Translation Average Gbp Usd Exchange Rate
ForeignCurrencyExchangeRateTranslationAverageGbpUsdExchangeRate
|
1.1956 | pure |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2024 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
735332 | shares |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
266667 | shares |
CY2024 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
735332 | shares |
CY2023 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
266667 | shares |
CY2022Q4 | caro |
Stock Purchase Agreement For Acquisition
StockPurchaseAgreementForAcquisition
|
20000000 | shares |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
20000000 | shares |
CY2023Q1 | us-gaap |
Share Price
SharePrice
|
0.0129 | |
CY2023Q1 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
258000 | usd |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9214 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
248786 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
36857 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
36857 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
36857 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
36857 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
36857 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
64500 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
248786 | usd |
CY2024Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
43954 | usd |
CY2023Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
6000 | usd |
CY2024Q1 | caro |
Total Loan Interest Receivable
TotalLoanInterestReceivable
|
1959 | usd |
CY2023Q1 | caro |
Total Loan Interest Receivable
TotalLoanInterestReceivable
|
13 | usd |
CY2024Q1 | caro |
Convertible Loan Receivable From Unaffiliated Company
ConvertibleLoanReceivableFromUnaffiliatedCompany
|
5000 | usd |
CY2024 | caro |
Interest Revenue
InterestRevenue
|
0.08 | pure |
CY2024 | caro |
Debt And Equity Convertible Loan Valuation
DebtAndEquityConvertibleLoanValuation
|
500000 | usd |
CY2024Q1 | caro |
Loans Notes Receivable And Financing Receivable Current
LoansNotesReceivableAndFinancingReceivableCurrent
|
5000 | usd |
CY2023Q1 | caro |
Loans Notes Receivable And Financing Receivable Current
LoansNotesReceivableAndFinancingReceivableCurrent
|
0 | usd |
CY2024Q1 | caro |
Loans Notes Interest Receivable And Financing Receivable
LoansNotesInterestReceivableAndFinancingReceivable
|
19 | usd |
CY2023Q1 | caro |
Loans Notes Interest Receivable And Financing Receivable
LoansNotesInterestReceivableAndFinancingReceivable
|
0 | usd |
CY2022Q4 | caro |
Unaffiliated Party Promissory Note Principal Amount
UnaffiliatedPartyPromissoryNotePrincipalAmount
|
25000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.08 | pure |
CY2023Q2 | caro |
Unaffiliated Party Promissory Note Principal Amount
UnaffiliatedPartyPromissoryNotePrincipalAmount
|
3900 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.08 | pure |
CY2024Q1 | us-gaap |
Notes Payable
NotesPayable
|
28900 | usd |
CY2023Q1 | us-gaap |
Notes Payable
NotesPayable
|
25000 | usd |
CY2024Q1 | caro |
Accrued Interest
AccruedInterest
|
3251 | usd |
CY2023Q1 | caro |
Accrued Interest
AccruedInterest
|
948 | usd |
CY2024Q1 | caro |
Principal Balance Of Convertible Note Payable
PrincipalBalanceOfConvertibleNotePayable
|
735332 | usd |
CY2023Q1 | caro |
Principal Balance Of Convertible Note Payable
PrincipalBalanceOfConvertibleNotePayable
|
266666 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
20000000 | shares |
CY2023Q1 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
258000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
63360 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
53622 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
600000 | shares |
CY2023Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
30000 | usd |
CY2023Q3 | caro |
Common Stock Cancelled
CommonStockCancelled
|
36865000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20000 | shares |
CY2023Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
1000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
200000 | shares |
CY2023Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
10000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
12550000 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
36505000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
60000000 | shares |
CY2024Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1102951 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
563910 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.21 | pure |
CY2024Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
231620 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
118421 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
231620 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
118421 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2024Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1100000 | usd |
CY2024 | caro |
Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
|
begin to expire between 2036 and 2038 | |
CY2024Q1 | caro |
Ownership Percantage
OwnershipPercantage
|
0.50 | pure |