2022 Q4 Form 10-Q Financial Statement

#000121390022072274 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $607.9K $573.6K $674.5K
YoY Change 18.51% -14.95% 166.67%
Cost Of Revenue $248.7K $246.3K $248.6K
YoY Change -29.57% -0.91% 278.75%
Gross Profit $359.2K $327.3K $425.9K
YoY Change 124.71% -23.15% 127.39%
Gross Profit Margin 59.09% 57.06% 63.14%
Selling, General & Admin $957.3K $818.2K $878.5K
YoY Change -22.3% -6.87% 4.55%
% of Gross Profit 266.49% 249.98% 206.27%
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 $20.99K $22.56K $28.94K
YoY Change 73.61% -22.03% 992.08%
% of Gross Profit 5.84% 6.89% 6.79%
Operating Expenses $965.6K $828.1K $886.8K
YoY Change -22.24% -6.62% 3.99%
Operating Profit -$606.4K -$500.8K -$460.9K
YoY Change -43.96% 8.67% -30.74%
Interest Expense -$562.4K $440.6K -$29.90K
YoY Change 168.44% -1573.42% -107.9%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$1.281M -$946.4K -$490.8K
YoY Change 7.22% 92.83% -202.16%
Income Tax
% Of Pretax Income
Net Earnings -$1.288M -$946.4K -$524.9K
YoY Change 9.5% 80.29% -209.27%
Net Earnings / Revenue -211.91% -164.98% -77.82%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$1.975K
COMMON SHARES
Basic Shares Outstanding 328.7M shares 319.1M shares 265.8M shares
Diluted Shares Outstanding 319.8M shares 265.8M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.09K $152.6K $368.3K
YoY Change -81.33% -58.58% 112.19%
Cash & Equivalents $97.09K $152.6K $368.3K
Short-Term Investments
Other Short-Term Assets $71.17K $92.29K $55.88K
YoY Change -53.1% 65.16% 774.49%
Inventory $77.45K $84.22K $170.0K
Prepaid Expenses $35.00K
Receivables $269.7K $255.9K $323.4K
Other Receivables $0.00 $0.00 $29.70K
Total Short-Term Assets $515.4K $584.9K $947.3K
YoY Change -49.19% -38.26% 220.82%
LONG-TERM ASSETS
Property, Plant & Equipment $96.31K $104.7K $391.2K
YoY Change -28.67% -73.25% 599.23%
Goodwill $350.5K $350.5K
YoY Change 0.0%
Intangibles $279.9K $292.5K
YoY Change -15.28%
Long-Term Investments $6.480K $6.480K $6.480K
YoY Change 0.0% 0.0% -9.12%
Other Assets $1.109M
YoY Change
Total Long-Term Assets $1.109M $1.158M $927.9K
YoY Change 3.26% 24.78% 1370.68%
TOTAL ASSETS
Total Short-Term Assets $515.4K $584.9K $947.3K
Total Long-Term Assets $1.109M $1.158M $927.9K
Total Assets $1.624M $1.743M $1.875M
YoY Change -22.22% -7.07% 423.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $779.8K $820.8K $898.0K
YoY Change -6.24% -8.61% 26.25%
Accrued Expenses $736.4K $558.8K $810.0K
YoY Change 68.61% -31.01% -24.19%
Deferred Revenue $22.64K
YoY Change
Short-Term Debt $1.031M $740.0K $0.00
YoY Change 499.98% -100.0%
Long-Term Debt Due $1.576M $1.528M $604.6K
YoY Change 222.77% 152.76% 536.92%
Total Short-Term Liabilities $4.865M $4.269M $2.335M
YoY Change 81.82% 82.87% 2.64%
LONG-TERM LIABILITIES
Long-Term Debt $710.1K $263.0K $541.4K
YoY Change 31.63% -51.42% 783.42%
Other Long-Term Liabilities $258.9K $289.4K $205.7K
YoY Change 25.48% 40.73%
Total Long-Term Liabilities $969.0K $552.5K $747.0K
YoY Change 29.93% -26.05% 1119.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.865M $4.269M $2.335M
Total Long-Term Liabilities $969.0K $552.5K $747.0K
Total Liabilities $5.834M $4.822M $3.152M
YoY Change 70.51% 52.98% 34.93%
SHAREHOLDERS EQUITY
Retained Earnings -$62.69M -$61.40M
YoY Change 9.0%
Common Stock $350.3K $325.7K
YoY Change 24.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.201M -$6.089M -$1.277M
YoY Change
Total Liabilities & Shareholders Equity $1.624M $1.743M $1.875M
YoY Change -22.22% -7.07% 423.24%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$1.288M -$946.4K -$524.9K
YoY Change 9.5% 80.29% -209.27%
Depreciation, Depletion And Amortization $20.99K $22.56K $28.94K
YoY Change 73.61% -22.03% 992.08%
Cash From Operating Activities -$401.8K -$383.7K -$496.7K
YoY Change -22.49% -22.75% 3.12%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $5.500K $0.00 $288.9K
YoY Change -57.69% -100.0%
Cash From Investing Activities $5.500K $0.00 $288.9K
YoY Change -57.69% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.0K
YoY Change -62.74%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 340.8K 291.8K 294.7K
YoY Change -48.12% -1.0% -28.47%
NET CHANGE
Cash From Operating Activities -401.8K -383.7K -496.7K
Cash From Investing Activities 5.500K 0.000 288.9K
Cash From Financing Activities 340.8K 291.8K 294.7K
Net Change In Cash -55.48K -91.98K 86.88K
YoY Change -136.6% -205.87% -224.7%
FREE CASH FLOW
Cash From Operating Activities -$401.8K -$383.7K -$496.7K
Capital Expenditures
Free Cash Flow
YoY Change

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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
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CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2022Q2 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
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CY2022Q2 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
325785 usd
CY2022Q2 cbnt Beneficial Conversion Feature On Convertible Debt
BeneficialConversionFeatureOnConvertibleDebt
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CY2022Q2 cbnt Extinguishment Loss Related To Conversion Of Debt
ExtinguishmentLossRelatedToConversionOfDebt
-160993 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q3 cbnt Common Shares Issued For Professional Fees
CommonSharesIssuedForProfessionalFees
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CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2022Q3 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
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CY2022Q3 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2022Q3 cbnt Beneficial Conversion Feature On Convertible Debt
BeneficialConversionFeatureOnConvertibleDebt
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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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
SharesIssuedForConversionOfAccruedCompensation
55741 usd
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
108554 usd
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
-3979326 usd
CY2021Q2 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
51192 usd
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
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-4259799 usd
CY2021Q3 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2021Q3 cbnt Common Shares Issued For Professional Fees
CommonSharesIssuedForProfessionalFees
91500 usd
CY2021Q3 cbnt Common Shares Issued For Compensation
CommonSharesIssuedForCompensation
24413 usd
CY2021Q3 cbnt Common Stock Issued For Acquisition
CommonStockIssuedForAcquisition
694921 usd
CY2021Q3 cbnt Initial Noncontrolling In Acquired Business
InitialNoncontrollingInAcquiredBusiness
36031 usd
CY2021Q3 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
-12213 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-490777 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-3851082 usd
us-gaap Profit Loss
ProfitLoss
-3875161 usd
us-gaap Profit Loss
ProfitLoss
-5933775 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
68230 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
33878 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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us-gaap Share Based Compensation
ShareBasedCompensation
1025571 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4042926 usd
cbnt Stockbased Professional Fee
StockbasedProfessionalFee
228946 usd
cbnt Stockbased Professional Fee
StockbasedProfessionalFee
359829 usd
cbnt Bad Debt Expense
BadDebtExpense
7716 usd
cbnt Bad Debt Expense
BadDebtExpense
35000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-231395 usd
cbnt Increase Decrease In Lease Cost
IncreaseDecreaseInLeaseCost
586 usd
cbnt Increase Decrease In Lease Cost
IncreaseDecreaseInLeaseCost
-444 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
86571 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
234445 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1200 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1287 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24814 usd
cbnt Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
23763 usd
cbnt Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
-6647 usd
cbnt Costs And Estimated Earnings In Excess
CostsAndEstimatedEarningsInExcess
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cbnt Costs And Estimated Earnings In Excess
CostsAndEstimatedEarningsInExcess
2456 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
155241 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
122074 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
83231 usd
us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
6247 usd
cbnt Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
-110000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
26927 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
317001 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
53462 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
22179 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1183111 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1288675 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
288902 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
288902 usd
cbnt Proceeds From Sale Of Series C Preferred Stock
ProceedsFromSaleOfSeriesCPreferredStock
550000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
250000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
641260 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
500000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
75480 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
5297 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
815780 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1044703 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
44930 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152567 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
368337 usd
us-gaap Interest Paid Net
InterestPaidNet
15287 usd
us-gaap Interest Paid Net
InterestPaidNet
2648 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
193250 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
98800 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
41811 usd
cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
34029 usd
cbnt Deemed Dividend Related To Ratchet Provision
DeemedDividendRelatedToRatchetProvision
4435 usd
cbnt Deemed Dividend Related To Beneficial Conversion Feature Of Series C Preferred Shares
DeemedDividendRelatedToBeneficialConversionFeatureOfSeriesCPreferredShares
2845238 usd
cbnt Increase In Debt Discount And Paidin Capital For Beneficial Conversion Feature On Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForBeneficialConversionFeatureOnConvertibleDebt
110631 usd
cbnt Increase In Debt Discount And Paidin Capital For Warrants Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForWarrantsIssuedWithConvertibleDebt
325785 usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
114000 usd
cbnt Increase In Right Of Use And Lease Liability
IncreaseInRightOfUseAndLeaseLiability
184375 usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCash
288902 usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivable
40587 usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilitie Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitieAssumedInventory
68019 usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAsset
6091 usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilitie Assumed Contract Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitieAssumedContractAssets
140210 usd
cbnt Business Combination Recognized Right Of Use Assets
BusinessCombinationRecognizedRightOfUseAssets
253433 usd
cbnt Assets Acquired
AssetsAcquired
797242 usd
cbnt Business Combination Recognized Accounts Payable
BusinessCombinationRecognizedAccountsPayable
65728 usd
cbnt Business Combination Recognized Accrued Expenses
BusinessCombinationRecognizedAccruedExpenses
92914 usd
cbnt Business Combination Recognized Notes Payable
BusinessCombinationRecognizedNotesPayable
95013 usd
cbnt Business Combination Recognized Customer Deposit
BusinessCombinationRecognizedCustomerDeposit
110000 usd
cbnt Business Combination Recognized I Lease Liabilities
BusinessCombinationRecognizedILeaseLiabilities
253433 usd
cbnt Noncontrolling Interest
NoncontrollingInterest
36031 usd
cbnt Business Combination Recognized Liabilities Assumed
BusinessCombinationRecognizedLiabilitiesAssumed
653119 usd
cbnt Net Liabilitie Assumed
NetLiabilitieAssumed
-144123 usd
cbnt Fair Value Of Shares For Acquisition
FairValueOfSharesForAcquisition
-694921 usd
cbnt Business Combination Recognized Increase In Intangible Assets Noncash
BusinessCombinationRecognizedIncreaseInIntangibleAssetsNoncash
550798 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: C-Bond Transportation Solutions and Patriot Glass Solutions. C-Bond Transportation Solutions sells a windshield strengthening, water repellent solution called C-Bond nanoShield™ as well as disinfection products. Patriot Glass Solutions sells multi-purpose glass strengthening primer and window film mounting solutions, including C-Bond BRS, a ballistic-resistant film system, and C-Bond Secure, a forced entry system.</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
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
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>
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35522 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
31556 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
255853 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
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 nine months ended September 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>
CY2022Q3 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
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
8784 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
11946 usd
cbnt Research And Development Costs
ResearchAndDevelopmentCosts
0 usd
cbnt Research And Development Costs
ResearchAndDevelopmentCosts
-2404 usd
us-gaap Advertising Expense
AdvertisingExpense
66124 usd
us-gaap Advertising Expense
AdvertisingExpense
33306 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1418329469 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
436726929 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 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>
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
291375 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
204804 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
2424 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7141 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
81794 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
120790 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
84218 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
127931 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
45000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
84218 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
82931 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
264744 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
264744 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
160074 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
129722 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104670 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
135022 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
30352 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
13223 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q3 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
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
40000 usd
CY2022Q3 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
100000 usd
CY2021Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
100000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
352516 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
352516 usd
CY2022Q3 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
59973 usd
CY2021Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
22095 usd
CY2022Q3 cbnt Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
292543 usd
CY2021Q4 cbnt Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
330421 usd
CY2022Q3 us-gaap Goodwill
Goodwill
350491 usd
CY2021Q4 us-gaap Goodwill
Goodwill
350491 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37878 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20655 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
50503 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
50503 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50503 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
41034 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
192543 usd
cbnt Future Financings Percentage
FutureFinancingsPercentage
0.30 pure
CY2021Q4 cbnt Securities Purchase Agreement Description
SecuritiesPurchaseAgreementDescription
In connection with the SPA, on October 18, 2021, 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
CY2022Q3 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
14064 usd
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
318794 usd
CY2022Q3 cbnt Aggregate Noncash Debt Discount
AggregateNoncashDebtDiscount
680000 usd
CY2022Q2 cbnt Exchange Agreement Description
ExchangeAgreementDescription
On April 20, 2022, 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.
CY2022Q3 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2022-10-15
CY2022Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.04 pure
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.0125
cbnt Conversion Price Per Share
ConversionPricePerShare
0.00875
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
CY2022Q3 cbnt Deemed Dividents
DeemedDividents
733 usd
CY2022Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
852812 usd
CY2021Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
0 usd
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
31734 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
7052 usd
CY2022Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
825000 usd
CY2021Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
825000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
85000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
653125 usd
CY2022Q3 cbnt Convertible Note Payable Net
ConvertibleNotePayableNet
740000 usd
CY2021Q4 cbnt Convertible Note Payable Net
ConvertibleNotePayableNet
171875 usd
CY2022Q3 cbnt Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
740000 usd
CY2021Q4 cbnt Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
171875 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
1716051 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
978925 usd
CY2022Q3 cbnt Note Payable Ppp Note
NotePayable_PppNote
18823 usd
CY2021Q4 cbnt Note Payable Ppp Note
NotePayable_PppNote
48929 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
1734874 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1027854 usd
CY2022Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
193776 usd
CY2022Q3 us-gaap Other Notes Payable
OtherNotesPayable
1541098 usd
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
1027854 usd
CY2022Q3 cbnt Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
-1528084 usd
CY2021Q4 cbnt Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
-488414 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
13014 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
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. 
CY2022Q3 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
CY2022Q3 cbnt Principal Amount
PrincipalAmount
500000 usd
CY2021Q4 cbnt Principal Amount
PrincipalAmount
500000 usd
CY2021Q3 cbnt Capital Lease Amount
CapitalLeaseAmount
95013 usd
CY2022Q3 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
48479 usd
CY2021Q4 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
78925 usd
CY2022Q2 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
195000 usd
CY2022Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
176000 usd
CY2022Q2 cbnt Original Issue Discount And Investor Legal Fees
OriginalIssueDiscountAndInvestorLegalFees
19000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
148420 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1750000 shares
CY2022Q2 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
21060 usd
CY2022Q2 cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.08 pure
CY2022Q2 us-gaap Debt Instrument Description
DebtInstrumentDescription
GS Capital shall have the right at any time following an Event of Default to convert all or any part of the outstanding and unpaid principal, interest, penalties, and all other amounts under this Note at a conversion price of $0.011, subject to adjustment as defined in the GS Capital Note. The Company did not calculate a beneficial conversion feature since the GS Capital Note is contingently convertible upon default on the GS Capital Note. As of September 30, 2022, the Company is not in default on this note. In the event that following the Issue Date the closing trading price of the Company’s common stock is then being traded is below $0.011 per share for more than ten consecutive trading days, then the conversion price shall be equal to $0.004 per share. The GS Capital Note contains conversion limitations providing that a holder thereof may not convert the Note to the extent (but only to the extent) that, if after giving effect to such conversion, the holder or any of its affiliates would beneficially own in excess of 4.99% of the outstanding shares of the Company’s common stock immediately after giving effect to such conversion or exercise. A holder may increase or decrease its beneficial ownership limitation upon notice to the Company provided that in no event such limitation exceeds 9.99%, and that any increase shall not be effective until the 61st day after such notice. Events of default include, amongst other items, failure to pay principal or interest, bankruptcy, delisting of the Company’s stock, financial statement restatements, or if the Company effectuates a reverse split. Upon the occurrence of any event of default, the GS Capital Note shall become immediately and automatically due and payable and the Company shall pay to GS Capital, in full satisfaction of its obligations hereunder, an amount equal to: (a) the then outstanding principal amount of this note plus (b) accrued and unpaid interest on the unpaid principal amount of this note to the date of payment (the “mandatory prepayment date”) plus (y) default interest, if any, multiplied by 120%. In September 2022, the Company paid $14,928 of principal balance. On September 30, 2022, the principal balance due on the GS Capital Note amounted to $180,072 and accrued interest payable amounted to $4,258.On July 26, 2022, the Company closed a Securities Purchase Agreement (“July 2022 Agreement”) with GS Capital, pursuant to which a Promissory Note (“July 2022 Note”) was made to GS Capital in the aggregate principal amount of $195,000. The July 2022 Note was purchased for $176,000, reflecting an original issuance discount of $19,000, and was funded on July 28, 2022 (less legal and other administrative fees). The Company received net proceeds of $158,920. The Company further issued GS Capital a total of 2,600,000 commitment shares (“July 2022 Commitment Shares”) as additional consideration for the purchase of the July 2022 Note. In addition, the Company issued 998,008 of its common stock to the placement agent as fee for the capital raise, respectively. The July Commitment Shares and the placement agent shares were recorded as a debt discount of $34,606 based on the relative fair value method to be amortized over the life of the Note. Additionally, the July 2022 Note is convertible upon an event of default into common shares at an initial effective conversion price which was lower than the fair value of common shares based on the quoted closing price of the Company’s common stock on the measurement date. Principal and interest payments shall be made in 10 installments of $21,060 each beginning on the 90th-day anniversary following the issue date and continuing thereafter each 30 days for nine months. The July 2022 Note matures 12 months after issuance and bears interest at a rate of 8% per annum. GS Capital shall have the right at any time following an Event of Default to convert all or any part of the outstanding and unpaid principal, interest, penalties, and all other amounts under the July 2022 Note at a conversion price of $0.011, subject to adjustment as defined in the Note. The Company did not calculate a beneficial conversion feature since the GS Capital July 2022 Note is contingently convertible upon a default on the July 2022 Note. As of September 30, 2022, the Company is not in default on this note.
CY2022Q3 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
195000 usd
CY2022Q3 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
176000 usd
CY2022Q3 cbnt Original Issue Discount And Investor Legal Fees
OriginalIssueDiscountAndInvestorLegalFees
19000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
158920 usd
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2600000 shares
CY2022Q3 us-gaap Shares Issued
SharesIssued
998008 shares
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
34606 usd
CY2022Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
21060 usd
CY2022Q3 cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.08 pure
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.011
CY2022Q3 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
In the event that following the Issue Date the closing trading price of the Company’s common stock is then being traded is below $0.011 per share for more than ten consecutive trading days, then the conversion price shall be equal to $0.004 per share. The July 2022 Note contains conversion limitations providing that a holder thereof may not convert the Note to the extent (but only to the extent) that, if after giving effect to such conversion, the holder or any of its affiliates would beneficially own in excess of 4.99% of the outstanding shares of the Company’s common stock immediately after giving effect to such conversion or exercise. A holder may increase or decrease its beneficial ownership limitation upon notice to the Company provided that in no event such limitation exceeds 9.99%, and that any increase shall not be effective until the 61st day after such notice.
CY2022Q3 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
195000 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2864 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
195000 usd
CY2022Q3 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
176000 usd
CY2022Q3 cbnt Original Issue Discount And Investor Legal Fees
OriginalIssueDiscountAndInvestorLegalFees
19000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
158920 usd
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3300000 shares
CY2022Q3 us-gaap Shares Issued
SharesIssued
773626 shares
us-gaap Conversion Of Stock Description
ConversionOfStockDescription
The September Commitment Shares and the placement agent shares were recorded as a debt discount of $30,326 based on the relative fair value method to be amortized over the life of the Note. Additionally, the September 2022 Note is convertible into common shares upon an event of default at an initial effective conversion price which was lower than the fair value of common shares based on the quoted closing price of the Company’s common stock on the measurement date. Principal and interest payments shall be made in 9 installments of $23,400 each beginning on the 120th-day anniversary following the issue date and continuing thereafter each 30 days for eight months. The September 2022 Note matures 12 months after issuance and bears interest at a rate of 8% per annum. GS Capital shall have the right at any time following an Event of Default to convert all or any part of the outstanding and unpaid principal, interest, penalties, and all other amounts under the September 2022 Note at a conversion price of $0.009, subject to adjustment as defined in the Note. The Company did not calculate a beneficial conversion feature since the GS Capital July 2022 Note is contingently convertible upon a default on the September 2022 Note. As of September 30, 2022, the Company is not in default on this note. In the event that following the Issue Date the closing trading price of the Company’s common stock is then being traded is below $0.009 per share for more than ten consecutive trading days, then the conversion price shall be equal to $0.0032 per share. The September 2022 Note contains conversion limitations providing that a holder thereof may not convert the Note to the extent (but only to the extent) that, if after giving effect to such conversion, the holder or any of its affiliates would beneficially own in excess of 4.99% of the outstanding shares of the Company’s common stock immediately after giving effect to such conversion or exercise. A holder may increase or decrease its beneficial ownership limitation upon notice to the Company provided that in no event such limitation exceeds 9.99%, and that any increase shall not be effective until the 61st day after such notice. On September 30, 2022, the principal balance due on the GS Capital September 2022 Note amounted to $195,000 and accrued interest payable amounted to $1,068.
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
38885 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
1721860 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
8534 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payment Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentDueInFourAndFiveYears
4480 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
1734874 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
957556 usd
cbnt Accrued Dividend Payable
AccruedDividendPayable
31533 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.
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
cbnt Professional Fees1
ProfessionalFees1
119321 usd
CY2022Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
119321 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
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
24413 usd
CY2021Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.025
CY2021Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
24413 usd
CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
1000000 shares
CY2021Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
30600 usd
CY2021Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.031
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
500000 shares
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
14250 usd
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0285
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
1000000 shares
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
11000 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.011
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
2000000 shares
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
24000 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.012
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
53764 usd
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
224588 usd
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
30556 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
3500000 shares
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Granted Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsGrantedWeightedAverageGrantDateFairValue
0.014
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
-0.037
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
16970120 shares
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.119
CY2021Q3 cbnt Acquired Percentage
AcquiredPercentage
0.80 pure
CY2021Q3 cbnt Average Of The Closing Prices
AverageOfTheClosingPrices
800000 usd
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
CY2022Q3 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
2600000 shares
CY2022Q3 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
998008 shares
CY2022Q3 cbnt Aggregate Of Common Stock Issued
AggregateOfCommonStockIssued
3598008 shares
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
34606 usd
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
3300000 shares
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
773626 shares
cbnt Aggregate Of Common Stock Issued
AggregateOfCommonStockIssued
4073626 shares
cbnt Amortization Of Debt Discount
AmortizationOfDebtDiscount
30326 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2021Q1 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1008000 shares
CY2021Q4 cbnt Description Of Warrants
DescriptionOfWarrants
in connection with a Securities Purchase Agreements with an accredited investor (See Note 7), the Company issued warrants to purchase an aggregate amount up to 16,500,000 shares of the Company’s common stock (the “Initial Warrants”). The Initial Warrants were exercisable at any time on or after the date of the issuance and entitled this investor to purchase shares of the Company’s common stock for a period of five years from the initial date the Initial Warrants become exercisable. Under the terms of the Initial Warrants, the holder was entitled to exercise the Initial Warrants to purchase up to 16,500,000 shares of the Company’s common stock at an initial exercise price of $0.05, subject to adjustment as detailed in the Warrants. In connection with the issuance of these warrants, on the initial measurement date, the relative fair value of the Initial Warrants of $347,142 was recorded as a debt discount and an increase in paid-in capital (See Note 7). On April 20, 2022, in connection with an Exchange Agreement, the 16,500,000 Initial Warrants were cancelled and a new warrant to purchase up to 33,000,000 shares of the Company’s common stock at an initial exercise price of $0.025, subject to adjustment as detailed in the Warrants was issued (See Note 7).
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
CY2022Q3 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
18250 usd
CY2021Q4 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
CY2022Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
cbnt Number Of Customers
NumberOfCustomers
1 pure
cbnt Customer Accounted Sales Percentage
CustomerAccountedSalesPercentage
0.10 pure
cbnt Number Of Customers
NumberOfCustomers
3 pure
cbnt Number Of Suppliers
NumberOfSuppliers
5 pure
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2022Q3 us-gaap Revenues
Revenues
573649 usd
CY2021Q3 us-gaap Revenues
Revenues
674518 usd
us-gaap Revenues
Revenues
1624725 usd
us-gaap Revenues
Revenues
963838 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22564 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28933 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
68230 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33878 usd
CY2022Q3 us-gaap Interest Expense Other
InterestExpenseOther
445566 usd
CY2021Q3 us-gaap Interest Expense Other
InterestExpenseOther
29900 usd
us-gaap Interest Expense Other
InterestExpenseOther
1057684 usd
us-gaap Interest Expense Other
InterestExpenseOther
73449 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-946390 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-490777 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3875161 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5933775 usd
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
104670 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
135022 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1624725 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
963838 usd
CY2019Q4 us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
In October 2019, 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
127700 usd
cbnt Lease And Rental Expenses
LeaseAndRentalExpenses
79429 usd
CY2021Q4 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
269590 usd
CY2022Q2 us-gaap Debt Conversion Original Debt Due Date Of Debt Day Month And Year
DebtConversionOriginalDebtDueDateOfDebtDayMonthAndYear
2024-05-02
CY2022Q3 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
480293 usd
CY2022Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
76742 usd
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
18418 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
403551 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
251172 usd
CY2022Q3 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
404211 usd
CY2021Q4 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
251246 usd
CY2022Q3 cbnt Less Current Portion Of Lease Liabilities
LessCurrentPortionOfLeaseLiabilities
-114770 usd
CY2021Q4 cbnt Less Current Portion Of Lease Liabilities
LessCurrentPortionOfLeaseLiabilities
-44927 usd
CY2022Q3 cbnt Lease Liabilities Longterm
LeaseLiabilitiesLongterm
289441 usd
CY2021Q4 cbnt Lease Liabilities Longterm
LeaseLiabilitiesLongterm
206319 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payments Due Currents
OperatingLeasesFutureMinimumPaymentsDueCurrents
146977 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
148955 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payments Due In Three Year
OperatingLeasesFutureMinimumPaymentsDueInThreeYear
120908 usd
CY2022Q3 cbnt Operating Leases Future Minimum Payments Due In Four Year
OperatingLeasesFutureMinimumPaymentsDueInFourYear
56000 usd
CY2022Q3 cbnt Total Minimum Noncancelable Operating Lease Payments
TotalMinimumNoncancelableOperatingLeasePayments
472840 usd
CY2022Q3 cbnt Discount To Fair Value
DiscountToFairValue
68629 usd
CY2022Q3 cbnt Total Lease Liability
TotalLeaseLiability
404211 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
us-gaap Related Party Tax Expense Due To Affiliates Deferred
RelatedPartyTaxExpenseDueToAffiliatesDeferred
6247 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
250000 usd
CY2022Q3 cbnt Accrued Interest Payable
AccruedInterestPayable
6247 usd
CY2022Q4 us-gaap Subsequent Event Effect Of Change In Tax Status
SubsequentEventEffectOfChangeInTaxStatus
100000 usd
CY2022Q4 cbnt Outstanding Principal Percentage
OutstandingPrincipalPercentage
0.22 pure
us-gaap Subsequent Event Description
SubsequentEventDescription
The Company has the right to prepay the Diagonal Note (principal and accrued interest) at any time during the first six months the note is outstanding at the rate of 115% during the first 30 days after issuance, 120% during the 31st to 60th day after issuance, and 125% during the 61st to the 180th day after issuance.
CY2022Q3 us-gaap Ownshare Lending Arrangement Shares Outstanding Value
OwnshareLendingArrangementSharesOutstandingValue
65 usd
cbnt Stock Issued During Period Share Restricted Stock Award Gross
StockIssuedDuringPeriodShareRestrictedStockAwardGross
4.99 shares
dei Local Phone Number
LocalPhoneNumber
649-5658
dei City Area Code
CityAreaCode
832
dei Security Exchange Name
SecurityExchangeName
NONE
CY2022Q3 cbnt Research And Developments
ResearchAndDevelopments
usd
CY2021Q3 cbnt Research And Developments
ResearchAndDevelopments
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
CY2021Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
CY2021Q3 cbnt Interest Expenses Related Party
InterestExpensesRelatedParty
usd
cbnt Interest Expenses Related Party
InterestExpensesRelatedParty
usd
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
265771901 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
299609959 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
319825057 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
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
usd
us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
usd
cbnt Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
cbnt Proceeds From Sale Of Series C Preferred Stock
ProceedsFromSaleOfSeriesCPreferredStock
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
cbnt Increase In Right Of Use And Lease Liability
IncreaseInRightOfUseAndLeaseLiability
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
cbnt Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
usd
cbnt Deemed Dividend Related To Ratchet Provision
DeemedDividendRelatedToRatchetProvision
usd
cbnt Deemed Dividend Related To Beneficial Conversion Feature Of Series C Preferred Shares
DeemedDividendRelatedToBeneficialConversionFeatureOfSeriesCPreferredShares
usd
cbnt Increase In Debt Discount And Paidin Capital For Beneficial Conversion Feature On Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForBeneficialConversionFeatureOnConvertibleDebt
usd
cbnt Increase In Debt Discount And Paidin Capital For Warrants Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForWarrantsIssuedWithConvertibleDebt
usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCash
usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivable
usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilitie Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitieAssumedInventory
usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAsset
usd
cbnt Business Combination Recognized Identifiable Assets Acquired And Liabilitie Assumed Contract Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitieAssumedContractAssets
usd
cbnt Business Combination Recognized Right Of Use Assets
BusinessCombinationRecognizedRightOfUseAssets
usd
cbnt Assets Acquired
AssetsAcquired
usd
cbnt Business Combination Recognized Accounts Payable
BusinessCombinationRecognizedAccountsPayable
usd
cbnt Business Combination Recognized Accrued Expenses
BusinessCombinationRecognizedAccruedExpenses
usd
cbnt Business Combination Recognized Notes Payable
BusinessCombinationRecognizedNotesPayable
usd
cbnt Business Combination Recognized Customer Deposit
BusinessCombinationRecognizedCustomerDeposit
usd
cbnt Business Combination Recognized I Lease Liabilities
BusinessCombinationRecognizedILeaseLiabilities
usd
cbnt Noncontrolling Interest
NoncontrollingInterest
usd
cbnt Business Combination Recognized Liabilities Assumed
BusinessCombinationRecognizedLiabilitiesAssumed
usd
cbnt Fair Value Of Shares For Acquisition
FairValueOfSharesForAcquisition
usd
cbnt Business Combination Recognized Increase In Intangible Assets Noncash
BusinessCombinationRecognizedIncreaseInIntangibleAssetsNoncash
usd
CY2022Q3 us-gaap Inventory Adjustments
InventoryAdjustments
usd
us-gaap Intermediate Life Plants Useful Life
IntermediateLifePlantsUsefulLife
cbnt Goodwill Useful Life
GoodwillUsefulLife
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
usd
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
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 Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001421636

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