2022 Q3 Form 10-Q Financial Statement

#000121390022048114 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $573.6K $540.4K $510.7K
YoY Change -14.95% 304.25% 228.11%
Cost Of Revenue $246.3K $209.7K $249.6K
YoY Change -0.91% 767.73% 695.51%
Gross Profit $327.3K $330.7K $261.1K
YoY Change -23.15% 201.97% 110.09%
Gross Profit Margin 57.06% 61.19% 51.12%
Selling, General & Admin $818.2K $732.0K $1.925M
YoY Change -6.87% 0.02% -61.25%
% of Gross Profit 249.98% 221.38% 737.15%
Research & Development $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit 0.0% 0.0% 0.0%
Depreciation & Amortization $22.56K $22.76K $22.91K
YoY Change -22.03% 820.51% 827.53%
% of Gross Profit 6.89% 6.88% 8.78%
Operating Expenses $828.1K $742.2K $1.935M
YoY Change -6.62% 1.51% -61.07%
Operating Profit -$500.8K -$411.5K -$1.674M
YoY Change 8.67% -33.8% -65.46%
Interest Expense $440.6K $362.3K -$248.6K
YoY Change -1573.42% 1339.2% 1252.45%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$946.4K -$1.009M -$1.919M
YoY Change 92.83% 74.32% -60.54%
Income Tax
% Of Pretax Income
Net Earnings -$946.4K -$1.009M -$1.919M
YoY Change 80.29% 74.32% -60.54%
Net Earnings / Revenue -164.98% -186.79% -375.83%
Basic Earnings Per Share $0.00 $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$6.717K
COMMON SHARES
Basic Shares Outstanding 319.1M shares 294.8M shares 283.8M shares
Diluted Shares Outstanding 319.8M shares 294.8M shares 283.8M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.6K $244.6K $170.1K
YoY Change -58.58% -13.11% 5.88%
Cash & Equivalents $152.6K $244.5K $170.1K
Short-Term Investments
Other Short-Term Assets $92.29K $109.4K $39.62K
YoY Change 65.16% 162.67% -47.62%
Inventory $84.22K $62.65K $63.08K
Prepaid Expenses $35.00K $33.00K
Receivables $255.9K $249.8K $310.4K
Other Receivables $0.00 $0.00 $3.750K
Total Short-Term Assets $584.9K $666.4K $587.0K
YoY Change -38.26% 39.37% 49.28%
LONG-TERM ASSETS
Property, Plant & Equipment $104.7K $114.6K $389.5K
YoY Change -73.25% 734.13% 1455.01%
Goodwill $350.5K $350.5K
YoY Change
Intangibles $292.5K $305.2K
YoY Change
Long-Term Investments $6.480K $6.480K $6.480K
YoY Change 0.0% -9.12% -9.12%
Other Assets
YoY Change
Total Long-Term Assets $1.158M $1.208M $1.064M
YoY Change 24.78% 5687.62% 3207.3%
TOTAL ASSETS
Total Short-Term Assets $584.9K $666.4K $587.0K
Total Long-Term Assets $1.158M $1.208M $1.064M
Total Assets $1.743M $1.874M $1.651M
YoY Change -7.07% 275.59% 288.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $820.8K $829.6K $853.3K
YoY Change -8.61% 10.98% -7.49%
Accrued Expenses $558.8K $514.1K $937.4K
YoY Change -31.01% -17.46% 54.86%
Deferred Revenue
YoY Change
Short-Term Debt $740.0K $404.1K $378.1K
YoY Change
Long-Term Debt Due $1.528M $1.130M $640.0K
YoY Change 152.76% 103.13% 16.92%
Total Short-Term Liabilities $4.269M $3.461M $2.855M
YoY Change 82.87% 79.65% 37.58%
LONG-TERM LIABILITIES
Long-Term Debt $263.0K $271.0K $530.3K
YoY Change -51.42% -45.79% 5940.21%
Other Long-Term Liabilities $289.4K $320.0K $210.5K
YoY Change 40.73%
Total Long-Term Liabilities $552.5K $591.1K $740.9K
YoY Change -26.05% 18.21% 8338.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.269M $3.461M $2.855M
Total Long-Term Liabilities $552.5K $591.1K $740.9K
Total Liabilities $4.822M $4.052M $3.772M
YoY Change 52.98% 66.99% 81.01%
SHAREHOLDERS EQUITY
Retained Earnings -$61.40M -$60.45M
YoY Change
Common Stock $325.7K $307.1K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.089M -$5.182M -$2.121M
YoY Change
Total Liabilities & Shareholders Equity $1.743M $1.874M $1.651M
YoY Change -7.07% 275.59% 288.2%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$946.4K -$1.009M -$1.919M
YoY Change 80.29% 74.32% -60.54%
Depreciation, Depletion And Amortization $22.56K $22.76K $22.91K
YoY Change -22.03% 820.51% 827.53%
Cash From Operating Activities -$383.7K -$295.6K -$503.8K
YoY Change -22.75% -22.05% 22.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 291.8K 370.0K 154.0K
YoY Change -1.0% -25.99% -38.41%
NET CHANGE
Cash From Operating Activities -383.7K -295.6K -503.8K
Cash From Investing Activities 0.000
Cash From Financing Activities 291.8K 370.0K 154.0K
Net Change In Cash -91.98K 74.44K -349.8K
YoY Change -205.87% -38.36% 114.95%
FREE CASH FLOW
Cash From Operating Activities -$383.7K -$295.6K -$503.8K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2021Q1 cbnt Common Shares Issued For Professional Fees
CommonSharesIssuedForProfessionalFees
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CY2021Q1 cbnt Shares Issued For Conversion Of Accrued Compensation
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CY2022Q1 cbnt Preferred Stock Dividends And Deemed Dividend
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CY2022Q1 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2022Q1 cbnt Beneficial Conversion Charge For Issuance Of Series B Preferred Shares For Accrued Compensation
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 cbnt Common Shares Issued For Professional Fees
CommonSharesIssuedForProfessionalFees
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CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
102000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
32736 usd
CY2022Q2 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
-13920 usd
CY2022Q2 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
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CY2021Q1 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
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CY2021Q1 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2021Q1 cbnt Stock Issued During Period Value Accretion Of Stockbased Professional Fees
StockIssuedDuringPeriodValueAccretionOfStockbasedProfessionalFees
5000 usd
CY2021Q1 cbnt Beneficial Conversion Charge For Issuance Of Series B Preferred Shares For Accrued Compensation
BeneficialConversionChargeForIssuanceOfSeriesBPreferredSharesForAccruedCompensation
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CY2021Q1 us-gaap Profit Loss
ProfitLoss
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2021Q2 cbnt Common Shares Issued For Professional Fees
CommonSharesIssuedForProfessionalFees
141000 usd
CY2021Q2 cbnt Common Shares Issued For Accounts Payable
CommonSharesIssuedForAccountsPayable
117838 usd
CY2021Q2 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
-11478 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-579025 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-4259799 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
4944 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
527219 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1021126 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3953672 usd
cbnt Stockbased Professional Fee
StockbasedProfessionalFee
124050 usd
cbnt Stockbased Professional Fee
StockbasedProfessionalFee
261467 usd
cbnt Bad Debt Expense
BadDebtExpense
7716 usd
cbnt Bad Debt Expense
BadDebtExpense
35000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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cbnt Increase Decrease In Lease Cost
IncreaseDecreaseInLeaseCost
749 usd
cbnt Increase Decrease In Lease Cost
IncreaseDecreaseInLeaseCost
-444 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
80545 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23729 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-20285 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3128 usd
cbnt Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
20343 usd
cbnt Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
7724 usd
cbnt Costs And Estimated Earnings In Excess
CostsAndEstimatedEarningsInExcess
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us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
7041 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
102 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
70436 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
77335 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
36378 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
34276 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
309500 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
16876 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-799374 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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cbnt Proceeds From Sale Of Series C Preferred Stock
ProceedsFromSaleOfSeriesCPreferredStock
250000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
250000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
148420 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
175000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
500000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
49396 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
524024 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
750000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-275350 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-41963 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
519898 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
323407 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
244548 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
281444 usd
us-gaap Interest Paid Net
InterestPaidNet
8354 usd
us-gaap Interest Paid Net
InterestPaidNet
1371 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
102000 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
79800 usd
cbnt Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
40626 usd
cbnt Series B Preferred Stock Issued For Accrued Compensation
SeriesBPreferredStockIssuedForAccruedCompensation
278654 usd
cbnt Series B Preferred Stock Issued For Accrued Compensation
SeriesBPreferredStockIssuedForAccruedCompensation
295000 usd
cbnt Common Stock Issued For Accouts Payable
CommonStockIssuedForAccoutsPayable
2174 usd
cbnt Common Stock Issued For Accouts Payable
CommonStockIssuedForAccoutsPayable
117838 usd
cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
27925 usd
cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
21816 usd
cbnt Deemed Dividend Related To Ratchet Provision
DeemedDividendRelatedToRatchetProvision
3702 usd
cbnt Deemed Dividend Related To Beneficial Conversion Feature Of Series C Preferred Shares
DeemedDividendRelatedToBeneficialConversionFeatureOfSeriesCPreferredShares
2845238 usd
cbnt Increase In Debt Discount And Paidn Caoital For Warrants
IncreaseInDebtDiscountAndPaidnCaoitalForWarrants
45699 usd
cbnt Increase In Debt Discount And Paidin Capital For Warrants Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForWarrantsIssuedWithConvertibleDebt
325785 usd
cbnt Increase In Debt Discount And Paidin Capital For Beneficial Conversion Feature On Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForBeneficialConversionFeatureOnConvertibleDebt
469899 usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
114000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 - <span style="text-decoration:underline">NATURE OF ORGANIZATION</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Nature of Organization</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">C-Bond Systems, Inc., together with its subsidiaries (the “Company”), is a materials development company and sole owner, developer, and manufacturer of the patented C-Bond technology. The Company is engaged in the implementation of proprietary nanotechnology applications and processes to enhance properties of strength, functionality, and sustainability of brittle material systems. The Company’s primary focus is in the multi-billion-dollar glass and window film industry with target markets in the United States and internationally. Additionally, the Company has expanded its product line to include disinfection products. The Company operates in two divisions: (i) C-Bond Transportation Solutions, which sells a windshield strengthening water repellent solution, as well as a disinfection product, and (ii) Patriot Glass Solutions, which sells multi-purpose glass strengthening primer, including ballistic-resistant film systems and a forced entry system, and provides window film mounting solutions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 30, 2021, the Company entered into a Share Exchange Agreement and Plan of Reorganization (the “Exchange Agreement”) with (i) Mobile Tint LLC, a Texas limited liability company doing business as A1 Glass Coating (“Mobile”), (ii) the sole member of Mobile (the “Mobile Shareholder”), and (iii) Michael Wanke as the Representative of the Mobile Shareholder. Pursuant to the Exchange Agreement, the Company agreed to acquire 80% of Mobile’s units, representing 80% of Mobile’s issued and outstanding capital stock (the “Mobile Shares”). On July 22, 2021, the Company closed the Exchange Agreement and acquired 80% of the Mobile Shares. The Mobile Shares were exchanged for 28,021,016 restricted shares of the Company’s common stock in an amount equal to $800,000, divided by the average of the closing prices of the Company’s common stock during the 30-day period immediately prior to the closing. Two years after closing, the Company has the option to acquire the remaining 20% of Mobile’s issued and outstanding membership interests in exchange for a number of shares of the Company’s common stock equal to 300% of Mobile’s average EBIT value, divided by the price of the Company’s common stock as defined in the Exchange Agreement (the “Additional Closing”). Mobile provides quality window tint solutions for auto, home, and business owners across Texas, specializing in automotive window tinting, residential window film, and commercial window film that stop harmful UV rays from passing through its window films for reduced glare, comfortable temperatures, and lower energy bills. Mobile also carries products that offer forced-entry protection and films that protect glass from scratches, graffiti, other types of vandalism, and even bullets, including C-Bond BRS and C-Bond Secure products. As part of the transaction, Mobile’s owner-operator, Mr. Wanke, joined the Company as President of its Patriot Glass Solutions division.</p>
CY2021Q2 cbnt Minority Interest Ownership Percentage
MinorityInterestOwnershipPercentage
0.80 pure
cbnt Research And Development Costs
ResearchAndDevelopmentCosts
0 usd
cbnt Research And Development Costs
ResearchAndDevelopmentCosts
-2404 usd
CY2021Q2 cbnt Issued And Outstanding Percent
IssuedAndOutstandingPercent
0.80 pure
CY2021Q3 cbnt Minority Interest Ownership Percentage
MinorityInterestOwnershipPercentage
0.80 pure
CY2021Q3 cbnt Restricted Shares Of Common Stock
RestrictedSharesOfCommonStock
28021016 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
800000 usd
CY2021Q3 cbnt Issued And Outstanding Interest
IssuedAndOutstandingInterest
0.20 pure
CY2021Q3 cbnt Common Stock Percentage
CommonStockPercentage
3 pure
CY2021Q3 cbnt Consolidated Financial Statements Percentage
ConsolidatedFinancialStatementsPercentage
0.80 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</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: 0pt 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 condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates during the six months ended June 30, 2022 and 2021 include estimates for allowance for doubtful accounts on accounts receivable, the estimates for obsolete or slow moving inventory, estimates used in the calculation of progress towards completion on uncompleted jobs, purchase price allocation of acquired businesses, the useful life of property and equipment, assumptions used in assessing impairment of long-term assets, the estimate of the fair value lease liability and related right of use asset, the valuation of redeemable and mandatorily redeemable preferred stock, the value of beneficial conversion features and deemed dividends, and the fair value of non-cash equity transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26733 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26733 usd
cbnt Warranty Costs
WarrantyCosts
0 usd
cbnt Warranty Costs
WarrantyCosts
0 usd
cbnt Beneficial Conversion Feature
BeneficialConversionFeature
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Beneficial Conversion Feature</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: 0pt 0; text-align: justify">Convertible debt includes conversion terms that are considered in the money compared to the market price of the stock on the date of the related agreement. The Company calculates the beneficial conversion feature and records a debt discount with the amount being amortized to interest expense over the term of the note.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p>
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
6860 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
6896 usd
CY2021Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
100000 usd
us-gaap Advertising Expense
AdvertisingExpense
55829 usd
us-gaap Advertising Expense
AdvertisingExpense
21296 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
586384837 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
388107882 shares
cbnt Risk Factors Policy Textblock
RiskFactorsPolicyTextblock
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Risk and Uncertainties</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The Company was been materially affected by the COVID-19 outbreak to date and the ultimate duration and severity of the outbreak and its impact on the economic environment and our business is uncertain. The Company saw a material decrease in sales from its international customers as a result of the unprecedented public health crisis from the COVID-19 pandemic and a decrease in domestic sales due to a decrease in business spending on discretionary items. As a result, during 2021 and 2020, the Company’s international customers delayed the ordering of products and delayed or defaulted on payment of balances due to the Company. The lack of collection of accounts receivable balances, which the Company believes was attributable to COVID-19, had a material impact on the cash flows of the Company. The Company cannot estimate the duration of the pandemic and the future impact on its business. A severe or prolonged economic downturn could result in a variety of risks to the Company’s business, including weakened demand for its products and a decreased ability to raise additional capital when needed on acceptable terms, if at all. Currently, the Company is unable to estimate the impact of this event on its operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p>
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
285349 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
204804 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35522 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
31556 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
249827 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
173248 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7716 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
35000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2495 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7141 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
60151 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
120790 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
62646 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
127931 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
45000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
62646 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
82931 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
352516 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
352516 usd
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
40000 usd
CY2022Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
100000 usd
CY2021Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
22095 usd
CY2022Q2 cbnt Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
305169 usd
CY2021Q4 cbnt Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
330421 usd
CY2022Q2 us-gaap Goodwill
Goodwill
350491 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
264744 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
264744 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
150135 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
129722 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
114609 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135022 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
20413 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4944 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q2 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
212516 usd
CY2021Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
212516 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
40000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
350491 usd
CY2022Q2 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
47347 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25252 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3157 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
50503 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
50503 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50503 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
50503 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
205169 usd
CY2021Q4 cbnt Securities Purchase Agreement Description
SecuritiesPurchaseAgreementDescription
the Company issued 668,151 shares of its common stock to the placement agent as fee for the capital raise. The 668,151 shares of common stock issued were recorded as a debt discount of $14,064 based on the relative fair value method to be amortized over the life of the Note. The 16,500,000 Initial Warrants were valued at $347,142 using the relative fair value method and recorded as a debt discount to be amortized over the life of the note. The original issue discounts of $75,000, placement fees of $60,000, and legal fees of $10,000, aggregating $145,000, was recorded as a debt discount to be amortized into interest expense over the twelve-month term of the note.
us-gaap Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
0.025
cbnt Initial Warrants
InitialWarrants
347142 usd
CY2022Q2 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
14064 usd
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
318794 usd
CY2022Q2 cbnt Aggregate Noncash Debt Discount
AggregateNoncashDebtDiscount
680000 usd
CY2022Q2 cbnt Exchange Agreement Description
ExchangeAgreementDescription
the Company and the Investor entered into an Exchange Agreement (the “Exchange Agreement”). The original SPA remains in effect. Per the terms of the Exchange Agreement, the Parties agreed to exchange (i) the Initial Note for a new Convertible Promissory Note (the “New Note”) and (ii) the Initial Warrant for a new five-year warrant to purchase, in the aggregate, 33,000,000 shares of the Company’s common stock at an exercise price of $0.025 per share (the “New Warrant” and together with the New Note, the “New Securities”), according to the terms and conditions of the Exchange Agreement. On April 20, 2022, pursuant to the terms of the Exchange Agreement, the Investor surrendered the Prior Securities in exchange for the New Securities. Other than the surrender of the Prior Securities, no consideration of any kind whatsoever was given by the Investor to the Company in connection with the Exchange Agreement. The terms of the New Securities are the same as the Prior Securities except for the pricing of the shares issuable under the New Note and the shares issuable upon exercise of the New Warrant. The New Securities are composed of the New Note, which is a 10% Original Issue Discount Senior Convertible Promissory Note in the principal amount of $825,000, and the New Warrant.
CY2022Q2 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2022-10-15
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.04 pure
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.0125
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
3.485 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0116 pure
CY2022Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
195000 usd
CY2021Q4 cbnt Convertible Note Payable Net
ConvertibleNotePayableNet
171875 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
128 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
516875 usd
CY2021Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
0 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
23545 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
7052 usd
CY2022Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
1020000 usd
CY2021Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
825000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
615937 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
653125 usd
CY2022Q2 cbnt Convertible Note Payable Net
ConvertibleNotePayableNet
404063 usd
CY2022Q2 cbnt Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
-404063 usd
CY2021Q4 cbnt Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
-171875 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
1157135 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
978925 usd
CY2022Q2 cbnt Note Payable Ppp Note
NotePayable_PppNote
18823 usd
CY2021Q4 cbnt Note Payable Ppp Note
NotePayable_PppNote
48929 usd
CY2022Q2 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
1175958 usd
CY2021Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
1027854 usd
CY2022Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
25119 usd
CY2022Q2 us-gaap Other Notes Payable
OtherNotesPayable
1150839 usd
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
1027854 usd
CY2022Q2 cbnt Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
-1129798 usd
CY2021Q4 cbnt Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
-488414 usd
CY2022Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
21041 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
539440 usd
CY2018Q4 cbnt Proceeds From Notes Payables
ProceedsFromNotesPayables
400000 usd
CY2018Q4 cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.18 pure
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0.0285 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
49320 usd
CY2021Q4 cbnt Principal Amount
PrincipalAmount
500000 usd
CY2021Q3 cbnt Capital Lease Amount
CapitalLeaseAmount
95013 usd
CY2022Q2 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
59635 usd
CY2021Q4 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
78925 usd
cbnt Loan Agreement Description
LoanAgreementDescription
In the event that the Company’s accounts receivable balance plus inventory balance is less than paid principal balance of the Note as of December 31, 2018, the Company shall have 45 days (through and until February 15, 2019) to cure such violation and an establish accounts receivable plus inventory equal to the unpaid principal balance of the Note. Commencing March 31, 2019 and at all times thereafter through the remainder of the commitment period and for so long thereafter as there is any amount still due and owing under the Note, the Company must maintain an accounts receivable balances plus inventory such that the outstanding principal borrowed by Company under the Loan Agreement and Note is less than or equal to eighty five percent (85%) of accounts receivable plus fifty percent (50%) of inventory, all as measured at the same point in time. 
CY2022Q2 cbnt Note Balance Due
NoteBalanceDue
400000 usd
cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.18 pure
CY2021Q2 cbnt Secured Promissory Note Amount
SecuredPromissoryNoteAmount
500000 usd
CY2021Q2 cbnt Annual Accrued Interest Percentage
AnnualAccruedInterestPercentage
0.08 pure
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.18 pure
CY2022Q2 cbnt Principal Amount
PrincipalAmount
500000 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
1154917 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
15404 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payment Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentDueInFourAndFiveYears
5637 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
1175958 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
957556 usd
cbnt Accrued Dividend Payable
AccruedDividendPayable
26489 usd
CY2021 cbnt Accrued Dividend Payable
AccruedDividendPayable
16641 usd
CY2020 cbnt Preferred Stock Par Or Stated Value Per Shares
PreferredStockParOrStatedValuePerShares
During the three months ended December 31, 2020, the Company entered into subscription agreements with an accredited investor whereby the investor agreed to purchase an aggregate of purchase 7,000 shares of the Company’s Series C Convertible Preferred Stock for $700,000, or $100.00 per share (the “Stated Value”), which were used from working capital purposes.
cbnt Professional Fees1
ProfessionalFees1
116550 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
116550 usd
cbnt Professional Fee
ProfessionalFee
43250 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
38250 usd
cbnt Accretion Of Stockbased Professional Fees
AccretionOfStockbasedProfessionalFees
5000 usd
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2022-05-01
CY2022Q1 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
500000 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
14250 shares
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
159746 usd
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
14270120 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.14
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Grants Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsGrantsNumberOfShares
500000 shares
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Granted Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsGrantedWeightedAverageGrantDateFairValue
0.028
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Shares Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsSharesVestedNumberOfShares
-800000 shares
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Shares Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsSharesVestedWeightedAverageGrantDateFairValue
-0.028
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
13970120 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.14
CY2021Q2 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
3801224 shares
CY2021Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
117838 usd
CY2021Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.031
CY2022Q1 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
823529 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
823529 shares
CY2022Q1 cbnt Amortization Of Debt Discount
AmortizationOfDebtDiscount
12963 usd
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1750000 shares
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1750000 shares
cbnt Amortization Of Debt Discount
AmortizationOfDebtDiscount
32736 usd
CY2022Q1 cbnt Issued For Accounts Payable
IssuedForAccountsPayable
1543151 shares
CY2022Q1 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
120 shares
CY2022Q1 cbnt Equity Stated Value
EquityStatedValue
12000 usd
CY2022Q2 cbnt Equity Stated Value
EquityStatedValue
102000 usd
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1050000 shares
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2021Q1 cbnt Description Of Warrant
DescriptionOfWarrant
the Company issued 1,008,000 shares of its common stock in connection with the cashless exercise of 1,050,000 warrants. The exercise price was based on contractual terms of the related warrant.
cbnt Reported Revenue
ReportedRevenue
102569 usd
cbnt Bad Debt Expenses
BadDebtExpenses
102569 usd
CY2021Q3 us-gaap Bankruptcy Claims Amount Of Claims Settled
BankruptcyClaimsAmountOfClaimsSettled
16000 usd
CY2021Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
18250 usd
CY2022Q2 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
18250 usd
CY2021Q1 cbnt Bonus To Officers And Employee
BonusToOfficersAndEmployee
330000 usd
CY2021Q3 us-gaap Salaries And Wages
SalariesAndWages
240000 usd
CY2021Q3 cbnt Base Salaries Percentage
BaseSalariesPercentage
0.50 pure
cbnt Base Salary Bonus Percentage
BaseSalaryBonusPercentage
0.50 pure
CY2021Q4 cbnt Aggregate Amount
AggregateAmount
309615 usd
CY2021Q4 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.50 pure
CY2021Q4 us-gaap Other Commitments Description
OtherCommitmentsDescription
This bonus will be paid 10% in cash ($30,962) which was paid in December 2021 and 90% in equity amounting $278,653 which as of December 31, 2021 had been accrued and as of December 31, 2021, was included in accrued compensation on the accompanying unaudited consolidated balance sheet.
CY2022Q1 cbnt Bonus Owed Executive Officers
BonusOwedExecutiveOfficers
278653 usd
CY2022Q1 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
278 shares
CY2016Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.85
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
cbnt Customer Accounted Sales Percentage
CustomerAccountedSalesPercentage
0.10 pure
cbnt Number Of Customers
NumberOfCustomers
3 pure
cbnt Number Of Customers
NumberOfCustomers
2 pure
cbnt Number Of Suppliers
NumberOfSuppliers
5 pure
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2022Q2 us-gaap Revenues
Revenues
540367 usd
CY2021Q2 us-gaap Revenues
Revenues
133670 usd
us-gaap Revenues
Revenues
1051076 usd
us-gaap Revenues
Revenues
289320 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22755 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2472 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45665 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4944 usd
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
363538 usd
CY2021Q2 us-gaap Interest Expense Other
InterestExpenseOther
25174 usd
us-gaap Interest Expense Other
InterestExpenseOther
612118 usd
us-gaap Interest Expense Other
InterestExpenseOther
43549 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1009352 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-579025 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2928771 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5442998 usd
CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
114609 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
135022 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1051076 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
289320 usd
CY2019Q4 us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
the Company entered into an 18-month lease agreement for the lease of office and warehouse space under a non-cancelable operating lease through May 31, 2021. From the lease commencement date of December 1, 2019 until November 30, 2020, monthly rent shall be $4,444 and from December 1, 2020 to May 31, 2021, monthly rent shall be $4,577 per month.
CY2021Q2 us-gaap Lease Cost
LeaseCost
5283 usd
cbnt Lease Term
LeaseTerm
P60M
us-gaap Payments For Rent
PaymentsForRent
5600 usd
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Company’s obligation as Guarantor of the Lease will terminate upon the occurrence of earlier of the following: (i) the date of Guarantor’s acquisition of 100% of the ownership interests of Mobile; (ii) the date that Guarantor beneficially owns less than an eighty percent (80%) ownership interest in Mobile; or (iii) two (2) years from and after the effective date of the guaranty.
CY2021Q3 cbnt Lease Agreemen Description
LeaseAgreemenDescription
In September 2021, the Company entered into a 48-month lease agreement for the lease of office equipment under a non-cancelable operating lease through September 2025.
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
365 usd
CY2022Q1 cbnt Lease Agreemen Description
LeaseAgreemenDescription
In February 2022, the Company entered into a 36-month lease agreement for the lease of a vehicle under a non-cancelable operating lease through January 2025.
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
788 usd
cbnt Lease And Rental Expenses
LeaseAndRentalExpenses
79473 usd
cbnt Lease And Rental Expenses
LeaseAndRentalExpenses
46191 usd
CY2022Q2 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
480293 usd
CY2021Q4 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
269590 usd
CY2022Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
49168 usd
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
18418 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
431125 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
251172 usd
CY2022Q2 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
431948 usd
CY2021Q4 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
251246 usd
CY2022Q2 cbnt Less Current Portion Of Lease Liabilities
LessCurrentPortionOfLeaseLiabilities
-111928 usd
CY2021Q4 cbnt Less Current Portion Of Lease Liabilities
LessCurrentPortionOfLeaseLiabilities
-44927 usd
CY2022Q2 cbnt Lease Liabilities Longterm
LeaseLiabilitiesLongterm
320020 usd
CY2021Q4 cbnt Lease Liabilities Longterm
LeaseLiabilitiesLongterm
206319 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payments Due Currents
OperatingLeasesFutureMinimumPaymentsDueCurrents
147275 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
148451 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payments Due In Three Year
OperatingLeasesFutureMinimumPaymentsDueInThreeYear
140589 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payments Due In Four Year
OperatingLeasesFutureMinimumPaymentsDueInFourYear
68294 usd
CY2022Q2 cbnt Operating Leases Future Minimum Payments Due In Five Year
OperatingLeasesFutureMinimumPaymentsDueInFiveYear
5600 usd
CY2022Q2 cbnt Total Minimum Noncancelable Operating Lease Payments
TotalMinimumNoncancelableOperatingLeasePayments
510209 usd
CY2022Q2 cbnt Discount To Fair Value
DiscountToFairValue
78261 usd
CY2022Q2 cbnt Total Lease Liability
TotalLeaseLiability
431948 usd
CY2021Q4 us-gaap Due To Officers Or Stockholders Noncurrent
DueToOfficersOrStockholdersNoncurrent
3750 usd
CY2022Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
250000 usd
CY2022Q2 cbnt Net Proceeds
NetProceeds
250000 usd
CY2022Q2 us-gaap Investment Interest Rate
InvestmentInterestRate
0.06 pure
CY2022Q2 us-gaap Debt Conversion Original Debt Due Date Of Debt Day Month And Year
DebtConversionOriginalDebtDueDateOfDebtDayMonthAndYear
2024-05-02
CY2022Q3 us-gaap Ownshare Lending Arrangement Shares Outstanding Value
OwnshareLendingArrangementSharesOutstandingValue
24000 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.012
CY2022Q2 cbnt Research And Developments
ResearchAndDevelopments
usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
cbnt Interest Expenses Related Party
InterestExpensesRelatedParty
usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
235125277 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239297760 shares
CY2021Q1 cbnt Common Shares Issued For Compensation
CommonSharesIssuedForCompensation
usd
CY2021Q1 cbnt Stock Issued During Period Value Common Shares Issued For Cashless Warrant Exercise
StockIssuedDuringPeriodValueCommonSharesIssuedForCashlessWarrantExercise
usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
cbnt Costs And Estimated Earnings In Excess
CostsAndEstimatedEarningsInExcess
usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
usd
cbnt Proceeds From Sale Of Series C Preferred Stock
ProceedsFromSaleOfSeriesCPreferredStock
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
cbnt Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
usd
cbnt Deemed Dividend Related To Beneficial Conversion Feature Of Series C Preferred Shares
DeemedDividendRelatedToBeneficialConversionFeatureOfSeriesCPreferredShares
usd
cbnt Increase In Debt Discount And Paidn Caoital For Warrants
IncreaseInDebtDiscountAndPaidnCaoitalForWarrants
usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
dei Amendment Flag
AmendmentFlag
false
dei City Area Code
CityAreaCode
832
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001421636
dei Local Phone Number
LocalPhoneNumber
649-5658
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd

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