2024 Q4 Form 10-Q Financial Statement

#000168316824007261 Filed on October 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $178.9K $72.82K
YoY Change 145.65%
Cost Of Revenue $8.362K $8.820K
YoY Change -5.19%
Gross Profit $170.5K $64.00K
YoY Change 166.44%
Gross Profit Margin 95.33% 87.89%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $268.1K $240.8K
YoY Change 11.36%
Operating Profit -$97.60K -$176.8K
YoY Change -44.79%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $21.30K -$5.005K
YoY Change -525.55%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$76.31K -$181.8K
YoY Change -58.03% -14.26%
Net Earnings / Revenue -42.66% -249.64%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 10.56B shares 10.43B shares 10.33B shares
Diluted Shares Outstanding 10.46B shares 10.33B shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $969.00 $4.746K
Short-Term Investments
Other Short-Term Assets $598.00
YoY Change
Inventory
Prepaid Expenses
Receivables $17.18K
Other Receivables
Total Short-Term Assets $18.74K
YoY Change
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 $27.54K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $18.74K
Total Long-Term Assets $27.54K
Total Assets $46.28K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $7.054K
YoY Change
Total Short-Term Liabilities $852.1K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $249.5K
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $249.5K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $852.1K
Total Long-Term Liabilities $249.5K
Total Liabilities $1.102M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$5.410M
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.055M -$717.5K
YoY Change
Total Liabilities & Shareholders Equity $46.28K
YoY Change

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$76.31K -$181.8K
YoY Change -58.03% -14.26%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$30.41K -$74.62K
YoY Change -59.24%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 $30.63K $70.45K
YoY Change -56.53%
NET CHANGE
Cash From Operating Activities -$30.41K -$74.62K
Cash From Investing Activities
Cash From Financing Activities $30.63K $70.45K
Net Change In Cash $214.00 -$4.167K
YoY Change -105.14%
FREE CASH FLOW
Cash From Operating Activities -$30.41K -$74.62K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p id="xdx_849_eus-gaap--UseOfEstimates_zFdz5GzpUwTi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_862_zkZguTT64ZO1">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions. The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Making estimates requires management to exercise significant judgment. Certain of these estimates could be affected by external conditions, including those unique to the Company’s businesses and general economic conditions. These external conditions could have an effect on the Company’s estimates that could cause actual results to differ materially from its estimates. Actual results could differ from those estimates. The Company re-evaluates all of its accounting estimates at least quarterly based on these conditions and records adjustments when necessary. Significant estimates relied upon in preparing these statements include revenue recognition, accounts receivable reserves, accrued expenses, share-based compensation and the recoverability of the Company’s net deferred tax assets and any related valuation allowance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2024Q3 CBIH Debt Instrumen Discount
DebtInstrumenDiscount
11000 usd
CY2024Q3 CBIH Operating Lease Right Of Use Asset Before Accumulated Amortization
OperatingLeaseRightOfUseAssetBeforeAccumulatedAmortization
35017 usd
CY2024Q2 CBIH Operating Lease Right Of Use Asset Before Accumulated Amortization
OperatingLeaseRightOfUseAssetBeforeAccumulatedAmortization
43150 usd
CY2024Q3 CBIH Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
7480 usd
CY2024Q2 CBIH Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
7480 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27537 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35670 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22225 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
21877 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4906 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
22225 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
26873 usd
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
18248 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
20953 usd
CY2024Q3 us-gaap Revenues
Revenues
178887 usd
CY2023Q3 us-gaap Revenues
Revenues
72821 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
8362 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
8820 usd
CY2024Q3 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
20010000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 CBIH Incorporation Amendment Description
IncorporationAmendmentDescription
Company amended its amended and restated articles of incorporation to increase the number of shares designated Series A Preferred Stock from 1,000 to 2,000 and on August 11, 2024, the Board authorized the issuance of the 1,000 shares created by the amendment to a related party.
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10556749347 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10556749347 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10431749347 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10431749347 shares
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5410385 usd
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5410385 usd
CY2024Q3 CBIH Operating Leases Rent Expense Monthly Payment
OperatingLeasesRentExpenseMonthlyPayment
3382 usd
CY2020Q3 CBIH Operating Leases Rent Expense Monthly Payment
OperatingLeasesRentExpenseMonthlyPayment
3529 usd
CY2021Q3 CBIH Operating Leases Rent Expense Monthly Payment
OperatingLeasesRentExpenseMonthlyPayment
3676 usd
CY2022Q3 CBIH Operating Leases Rent Expense Monthly Payment
OperatingLeasesRentExpenseMonthlyPayment
3823 usd
CY2024Q3 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
On March 23, 2023, the Company amended the lease to extend its term to June 30, 2024, at a base rent of $4,779 per month. For information regarding the recording of the right-of-use asset and the lease liability in the balance sheets with respect to this lease, see Note 5. This lease was terminated effective May 1, 2024, and on that date, the Company leased premises of approximately 1,367 square feet located at 6201 Bonhomme Road, Suite 435N, Houston, Texas, under a lease dated April 12, 2024. This lease, which has a one-year term that commenced on May 1, 2024, provides for base rent of $1,631 per month.
CY2024Q3 CBIH Other Liability Noncurrent Related Party1
OtherLiabilityNoncurrentRelatedParty1
572340 usd
CY2023Q3 CBIH Other Liability Noncurrent Related Party1
OtherLiabilityNoncurrentRelatedParty1
503214 usd
CY2024Q3 us-gaap Revenues
Revenues
178887 usd
CY2023Q3 us-gaap Revenues
Revenues
72821 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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