2023 Q3 Form 10-Q Financial Statement

#000121390023066976 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $814.0K $414.1K
YoY Change 41.89% -23.38%
Cost Of Revenue $346.6K $209.1K
YoY Change 40.7% -0.3%
Gross Profit $467.3K $205.0K
YoY Change 42.79% -38.01%
Gross Profit Margin 57.42% 49.51%
Selling, General & Admin $570.0K $768.9K
YoY Change -30.33% 5.04%
% of Gross Profit 121.97% 375.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00K $20.55K
YoY Change -11.36% -9.71%
% of Gross Profit 4.28% 10.02%
Operating Expenses $582.0K $776.8K
YoY Change -29.72% 4.67%
Operating Profit -$114.6K $3.480M
YoY Change -77.11% -945.66%
Interest Expense $58.69K $166.2K
YoY Change -86.68% -54.13%
% of Operating Profit 4.78%
Other Income/Expense, Net -$49.44K $294.4K
YoY Change
Pretax Income -$160.0K $3.774M
YoY Change -83.09% -473.93%
Income Tax
% Of Pretax Income
Net Earnings -$164.1K $3.774M
YoY Change -82.66% -473.93%
Net Earnings / Revenue -20.16% 911.54%
Basic Earnings Per Share $0.00 $0.01
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 523.2M shares 505.0M shares
Diluted Shares Outstanding 524.7M shares 2.349B shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.130M $1.512M
YoY Change 640.64% 518.09%
Cash & Equivalents $1.133M $1.512M
Short-Term Investments
Other Short-Term Assets $30.00K $66.95K
YoY Change -67.49% -38.77%
Inventory $110.3K $119.1K
Prepaid Expenses $2.250K $16.95K
Receivables $270.8K $133.3K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.549M $1.831M
YoY Change 164.84% 174.75%
LONG-TERM ASSETS
Property, Plant & Equipment $183.9K $79.05K
YoY Change 75.68% -31.03%
Goodwill $350.5K $350.5K
YoY Change 0.0% 0.0%
Intangibles $242.0K $254.7K
YoY Change -17.26% -16.55%
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $949.2K
YoY Change
Total Long-Term Assets $949.2K $870.8K
YoY Change -18.01% -27.9%
TOTAL ASSETS
Total Short-Term Assets $1.549M $1.831M
Total Long-Term Assets $949.2K $870.8K
Total Assets $2.498M $2.702M
YoY Change 43.36% 44.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $724.6K $729.7K
YoY Change -11.71% -12.03%
Accrued Expenses $406.0K $390.8K
YoY Change -27.35% -23.99%
Deferred Revenue $136.4K
YoY Change
Short-Term Debt $1.030M $1.031M
YoY Change 39.19% 155.22%
Long-Term Debt Due $80.00K $83.21K
YoY Change -94.76% -92.63%
Total Short-Term Liabilities $2.824M $2.907M
YoY Change -33.85% -16.01%
LONG-TERM LIABILITIES
Long-Term Debt $60.00K $5.550K
YoY Change -77.19% -97.95%
Other Long-Term Liabilities $110.0K $128.7K
YoY Change -62.0% -59.78%
Total Long-Term Liabilities $173.1K $134.3K
YoY Change -68.67% -77.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.824M $2.907M
Total Long-Term Liabilities $173.1K $134.3K
Total Liabilities $2.997M $3.041M
YoY Change -37.84% -24.95%
SHAREHOLDERS EQUITY
Retained Earnings -$59.84M -$59.63M
YoY Change -2.55% -1.35%
Common Stock $532.8K $523.2K
YoY Change 63.57% 70.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.455M -$454.9K
YoY Change
Total Liabilities & Shareholders Equity $2.498M $2.702M
YoY Change 43.36% 44.15%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$164.1K $3.774M
YoY Change -82.66% -473.93%
Depreciation, Depletion And Amortization $20.00K $20.55K
YoY Change -11.36% -9.71%
Cash From Operating Activities -$320.0K -$622.0K
YoY Change -16.61% 110.43%
INVESTING ACTIVITIES
Capital Expenditures $110.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $4.043M
YoY Change
Cash From Investing Activities -$110.0K $4.043M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.00K -1.992M
YoY Change -79.44% -638.34%
NET CHANGE
Cash From Operating Activities -320.0K -622.0K
Cash From Investing Activities -110.0K 4.043M
Cash From Financing Activities 60.00K -1.992M
Net Change In Cash -370.0K 1.429M
YoY Change 302.26% 1819.05%
FREE CASH FLOW
Cash From Operating Activities -$320.0K -$622.0K
Capital Expenditures $110.0K
Free Cash Flow -$430.0K
YoY Change

Facts In Submission

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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 cbnt Common Shares Issued For Professional Fees
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CY2023Q2 cbnt Stock Issued During Period Value Common Stock Issued For Compensation
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CY2023Q2 cbnt Beneficial Conversion Feature On Convertible Debt
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CY2023Q2 cbnt Stock Issued During Period Value Common Stock Issued For Conversion Of Debt Accrued Interest And Fees
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CY2023Q2 cbnt Preferred Stock Dividends And Deemed Dividend
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CY2023Q2 cbnt Adjustments To Additional Paid In Capital Accretion Of Stock Based Compensation
AdjustmentsToAdditionalPaidInCapitalAccretionOfStockBasedCompensation
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 cbnt Common Shares Issued For Accounts Payable
CommonSharesIssuedForAccountsPayable
2174 usd
CY2022Q1 cbnt Stock Issued During Period Value Common Stock Issued For Compensation
StockIssuedDuringPeriodValueCommonStockIssuedForCompensation
14250 usd
CY2022Q1 cbnt Beneficial Conversion Feature On Convertible Debt
BeneficialConversionFeatureOnConvertibleDebt
12000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
12963 usd
CY2022Q1 cbnt Preferred Stock Dividends And Deemed Dividend
PreferredStockDividendsAndDeemedDividend
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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
BeneficialConversionChargeForIssuanceOfSeriesBPreferredSharesForAccruedCompensation
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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
102000 usd
CY2022Q2 cbnt Beneficial Conversion Feature On Convertible Debt
BeneficialConversionFeatureOnConvertibleDebt
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
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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
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325785 usd
CY2022Q2 us-gaap Stock Issued During Period Value Other
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CY2022Q2 cbnt Stock Issued During Period Value Beneficial Conversion Feature Buyback Related To Debt Extinguishment
StockIssuedDuringPeriodValueBeneficialConversionFeatureBuybackRelatedToDebtExtinguishment
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1009352 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-5016047 usd
us-gaap Profit Loss
ProfitLoss
3051186 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
41395 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
45665 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
95922 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
527219 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
29212 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
2250 usd
us-gaap Share Based Compensation
ShareBasedCompensation
42183 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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cbnt Stockbased Professional Fee
StockbasedProfessionalFee
97817 usd
cbnt Stockbased Professional Fee
StockbasedProfessionalFee
124050 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7716 usd
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
660 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
749 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
80545 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
51196 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
15434 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
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cbnt Costs And Estimated Earnings In Excess
CostsAndEstimatedEarningsInExcess
52487 usd
cbnt Costs And Estimated Earnings In Excess
CostsAndEstimatedEarningsInExcess
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
102 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8040 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
77335 usd
us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
5663 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
34276 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
157363 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
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4042631 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4042631 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
275000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
250000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
200000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
175000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
175000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1792448 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
49396 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
50000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
148420 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
222750 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1715198 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
524024 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1414436 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-275350 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97091 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
519898 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1511527 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
244548 usd
us-gaap Interest Paid Net
InterestPaidNet
199122 usd
us-gaap Interest Paid Net
InterestPaidNet
8354 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
79450 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
102000 usd
cbnt Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
78000 usd
cbnt Series B Preferred Stock Issued For Accrued Compensation
SeriesBPreferredStockIssuedForAccruedCompensation
144000 usd
cbnt Series B Preferred Stock Issued For Accrued Compensation
SeriesBPreferredStockIssuedForAccruedCompensation
278654 usd
cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
27305 usd
cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
27925 usd
cbnt Deemed Dividend Related To Ratchet Provision
DeemedDividendRelatedToRatchetProvision
3702 usd
cbnt Increase In Debt Discount And Paidin Capital For Shares Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForSharesIssuedWithConvertibleDebt
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
184000 usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
114000 usd
cbnt Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
194000 usd
cbnt Common Stock Issued For Accouts Payable
CommonStockIssuedForAccoutsPayable
2174 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span style="text-decoration:underline">NATURE OF ORGANIZATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Nature of Organization</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></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"><span style="font-family: Times New Roman, Times, Serif">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. The Company operates in two divisions: C-Bond Transportation Solutions and Patriot Glass Solutions. C-Bond Transportation Solutions sold a windshield strengthening, water repellent solution called C-Bond nanoShield™ through May 8, 2023, the date that the nanoShield product line and related technologies were sold (see Note 16). 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 8, 2023, the Company entered into an Asset Purchase Agreement (“APA”) with Apex Protect GPS, LLC (the “Buyer”), whereby the Company sold its C-Bond nanoShield™ business, including intangible assets, intellectual property, work in process, furniture, fixtures, equipment, inventory and other physical assets of the Company’s C-Bond nanoShield division (the “Assets”) to the Buyer. Accordingly, the Company assigned, transferred and delivered to the Buyer, free and clear of all liens, all of the Assets. Following the Closing, the Parties entered into an Assignment and Agreement to Re-Execute (“Assignment”) on June 15, 2023, by and among the Company (“Seller”); Apex Protect GPS, LLC, (“Assignor”) and CB Nanoshield, LLC, (“Assignee”), whereby the Assignor assigned all its right to the (i) APA; (ii) Bill of Sale (iii) IP Agreements; and (iv) and any memorandums, schedules and exhibits related to the foregoing to Assignee. The Seller and Assignee also entered into a Lease and Assignment and Assumption Agreement on June 15, 2023 (the “Assignment Agreement”), wherein the Seller assigned to Assignee, and Assignee took assignment from the Seller, of the lease for the premises located at 6035 South Loop East, Houston, Texas 77033 (the “Lease”) pursuant to the Assignment Agreement (See Note 16).</span></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
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of unaudited 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 consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Estimates during the six months ended June 30, 2023 and 2022 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, 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, the valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Risks and Uncertainties</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. On June 30, 2023, the Company had cash in bank in excess of FDIC insured levels of $1,157,360. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits. Any material loss that the Company may experience in the future could have an adverse effect on its ability to pay its operational expenses or make other payments and may require the Company to move its cash to other high quality financial institutions.<b> </b>Currently, the Company is reviewing its bank relationships in order to mitigate its risk to ensure that its exposure is limited or reduced to the FDIC protection limits.</span></p>
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1157360 usd
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Derivative Financial Instruments</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company had certain financial instruments that were embedded derivatives. The Company evaluated all its financial instruments to determine if those contracts or any potential embedded components of those contracts qualify as derivatives to be separately accounted for in accordance with ASC 815-10-05-4, <i>Derivatives and Hedging</i> and 815-40, <i>Contracts in Entity’s Own Equity</i>. This accounting treatment requires that the carrying amount of any embedded derivatives be recorded at fair value at issuance and marked-to-market at each balance sheet date. In the event that the fair value is recorded as a liability, as is the case with the Company, the change in the fair value during the period is recorded as either other income or expense. Upon conversion, exercise or repayment, the respective derivative liability is marked to fair value at the conversion, repayment or exercise date and then the related fair value amount is reclassified to other income or expense as part of gain or loss on extinguishment.</span></p>
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26648 usd
cbnt Beneficial Conversion Feature
BeneficialConversionFeature
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Beneficial Conversion Feature</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
5577 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
6860 usd
cbnt Costs Incurred
CostsIncurred
0 usd
cbnt Costs Incurred
CostsIncurred
0 usd
cbnt Research And Development Costs
ResearchAndDevelopmentCosts
10986 usd
cbnt Research And Development Costs
ResearchAndDevelopmentCosts
55829 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3779295 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1016908 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3059243 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2937312 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
493056689 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
294776031 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
458283435 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
289334882 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3779295 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1016908 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3059243 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2937312 usd
CY2023Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
13618 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
27305 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
52618 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
102639 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3845531 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1016908 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3189187 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2937312 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
493056689 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
294776031 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
458283435 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
289334882 shares
CY2023Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1145833333 shares
CY2023Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1145833333 shares
CY2023Q2 cbnt Series B Preferred Shares
SeriesBPreferredShares
324240164 shares
CY2023Q2 cbnt Series B Preferred Shares
SeriesBPreferredShares
324240164 shares
CY2023Q2 cbnt Series C Preferred Shares
SeriesCPreferredShares
386250000 shares
CY2023Q2 cbnt Series C Preferred Shares
SeriesCPreferredShares
386250000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2349380186 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
294776031 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2314606932 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
289334882 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1898769195 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
572414717 shares
CY2023Q2 cbnt Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
254666 usd
CY2023Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
106780 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
304964 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
26272 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
35522 usd
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
80508 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
269442 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1501 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
119147 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
75945 usd
CY2023Q2 us-gaap Inventory Gross
InventoryGross
119147 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
77446 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
119147 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
77446 usd
CY2022Q4 cbnt Finite Lived Intangible Assets Net1
FiniteLivedIntangibleAssetsNet1
279918 usd
CY2023Q2 us-gaap Goodwill
Goodwill
350491 usd
CY2022Q4 us-gaap Goodwill
Goodwill
350491 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25252 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25252 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.025
CY2022Q2 cbnt Deemed Dividents
DeemedDividents
3702 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
139397 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
263930 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
60349 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
167624 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
79048 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
96306 usd
CY2023Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2023Q2 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
212516 usd
CY2022Q4 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
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
40000 usd
CY2023Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
100000 usd
CY2022Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
100000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
352516 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
352516 usd
CY2023Q2 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
97850 usd
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
72598 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
50503 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
50503 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50503 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3157 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
154666 usd
CY2021Q4 cbnt Original Issue Discount Rate
OriginalIssueDiscountRate
0.10 pure
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
825000 usd
CY2021Q4 cbnt Warrant To Purchase Shares Of Common Stock
WarrantToPurchaseSharesOfCommonStock
16500000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.05
CY2021Q4 cbnt Conversion Shares Percent
conversionSharesPercent
0.50 pure
CY2021Q4 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
680000 usd
CY2021Q4 cbnt Original Issued Discount Rate
OriginalIssuedDiscountRate
75000 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two And Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwoAndThree
60000 usd
CY2021Q4 us-gaap Legal Fees
LegalFees
10000 usd
cbnt Future Financings Percentage
FutureFinancingsPercentage
0.30 pure
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
33000000 shares
CY2022Q2 cbnt Original Issue Discount Rate
OriginalIssueDiscountRate
0.10 pure
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
825000 usd
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
CY2022Q2 cbnt Conversion Price Per Share
ConversionPricePerShare
0.00875
CY2022Q4 cbnt Penalty Amount
PenaltyAmount
206250 usd
CY2022Q4 us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
0.25 pure
CY2022Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
206250 usd
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.18 pure
us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
1031250 usd
CY2022 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
1031250 usd
CY2022Q2 cbnt Warrant To Purchase Shares Of Common Stock
WarrantToPurchaseSharesOfCommonStock
16500000 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.025
CY2023Q2 cbnt Aggregate Noncash Debt Discount
AggregateNoncashDebtDiscount
680000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.011
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.011
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.009
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.009
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.009
CY2022Q3 cbnt Current Exercise Price
CurrentExercisePrice
0.011
CY2022Q3 cbnt New Exercise Price
NewExercisePrice
0.009
CY2022Q3 cbnt Deemed Dividents
DeemedDividents
733 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
104250 usd
CY2022Q4 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
100000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two And Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwoAndThree
4250 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.22 pure
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
64250 usd
CY2022Q4 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
60000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two And Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwoAndThree
4250 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.22 pure
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
54250 usd
CY2023Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
50000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two And Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwoAndThree
4250 usd
CY2023Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.22 pure
CY2022Q4 us-gaap Debtor In Possession Financing Interest Rate On Borrowings Outstanding
DebtorInPossessionFinancingInterestRateOnBorrowingsOutstanding
1.15 pure
CY2022Q4 us-gaap Debtor In Possession Financing Interest Rate On Borrowings Outstanding
DebtorInPossessionFinancingInterestRateOnBorrowingsOutstanding
1.20 pure
CY2023Q1 us-gaap Debtor In Possession Financing Interest Rate On Borrowings Outstanding
DebtorInPossessionFinancingInterestRateOnBorrowingsOutstanding
1.25 pure
cbnt Conversion Of Percentage
ConversionOfPercentage
0.65 pure
CY2022Q4 cbnt Aggregate Debt Premium
AggregateDebtPremium
90731 usd
CY2022Q4 cbnt Aggregate Debt Premium
AggregateDebtPremium
90731 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
119943 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
119943 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2627 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
516875 usd
CY2023Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
173095 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
83138 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1031250 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1199750 usd
CY2022Q4 cbnt Add Put Premium
AddPutPremium
90731 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
7968 usd
CY2023Q2 cbnt Convertible Note Payable Net
ConvertibleNotePayableNet
1031250 usd
CY2022Q4 cbnt Convertible Note Payable Net
ConvertibleNotePayableNet
1282513 usd
CY2023Q2 cbnt Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
1031250 usd
CY2022Q4 cbnt Less Current Portion Of Convertible Note Payable
LessCurrentPortionOfConvertibleNotePayable
1031250 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
251263 usd
CY2023Q2 us-gaap Notes Payable
NotesPayable
19933 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
1899380 usd
CY2023Q2 cbnt Note Payable Ppp Note
NotePayable_PppNote
18823 usd
CY2022Q4 cbnt Note Payable Ppp Note
NotePayable_PppNote
18823 usd
CY2023Q2 cbnt Total Notes Payable
TotalNotesPayable
38756 usd
CY2022Q4 cbnt Total Notes Payable
TotalNotesPayable
1918203 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
132961 usd
CY2023Q2 us-gaap Other Notes Payable
OtherNotesPayable
38756 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
1785242 usd
CY2023Q2 cbnt Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
-33209 usd
CY2022Q4 cbnt Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
-1576438 usd
CY2023Q2 cbnt Notes Payable Longterm
NotesPayableLongterm
5547 usd
CY2022Q4 cbnt Notes Payable Longterm
NotesPayableLongterm
208804 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.
CY2023Q2 cbnt Note Balance Due
NoteBalanceDue
400000 usd
cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.18 pure
CY2023Q2 cbnt Company Agreed
CompanyAgreed
200000 usd
CY2023Q2 us-gaap Shares Issued
SharesIssued
22000000 shares
CY2023Q2 us-gaap Cash
Cash
200000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
317293 usd
CY2023Q2 cbnt Principal Amount
PrincipalAmount
68000 usd
CY2023Q2 cbnt Fair Value Measurement
FairValueMeasurement
132000 usd
CY2023Q2 cbnt Interest Due
InterestDue
317293 usd
CY2023Q2 cbnt Principal Amount
principalAmount
197500 usd
CY2022Q1 cbnt Accrued Interest Payables
AccruedInterestPayables
6217 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 December 31, 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%. On December 15, 2022, the Company and GS Capital entered into a letter agreement to extend the due date of the GS Capital June 2022 note by 60 days.
CY2022Q4 cbnt Company Paid
CompanyPaid
53512 usd
CY2023Q2 cbnt Company Paid
CompanyPaid
79488 usd
CY2023Q2 us-gaap Shares Issued
SharesIssued
21371481 shares
CY2023Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
62000 usd
CY2023Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
62000 usd
CY2023Q2 cbnt Accrued Interest
AccruedInterest
4139 usd
CY2023Q2 cbnt Accrued Interest
AccruedInterest
4139 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
2250 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
2250 usd
CY2023Q2 cbnt Principal Balance Due
PrincipalBalanceDue
0 usd
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.
CY2022 cbnt Paid Principal
PaidPrincipal
34120 usd
cbnt Paid Principal
PaidPrincipal
160880 usd
CY2022Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
160880 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
6441 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 December 31, 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 December 15, 2022, the Company and GS Capital entered into a letter agreement to extend the due date of the GS Capital September 2022 note by 60 days. Specifically, the maturity date of the GS Capital September 2022 note was extended to November 6, 2023 and the next payment due date was extended to March 6, 2023. In May 2023, the GS Capital September Note and all accrued interest due was paid in full (See Note 16). On June 30, 2023, the principal balance due on the GS Capital September 2022 Note and accrued interest payable amounted to $0. On December 31, 2022, the principal balance due on the GS Capital September 2022 Note amounted to $195,000 and accrued interest payable amounted to $5,001.
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
0 usd
CY2022Q4 cbnt Common Stock
commonStock
112500 shares
CY2022 cbnt Loss On Debt Extinguishment
lossOnDebtExtinguishment
112500 usd
CY2021Q2 cbnt Secured Promissory Note Amount
SecuredPromissoryNoteAmount
500000 usd
CY2021Q2 cbnt Annual Accrued Interest Percentage
AnnualAccruedInterestPercentage
0.08 pure
CY2022 cbnt Promissory Note Amounted
PromissoryNoteAmounted
65863 usd
CY2021Q3 cbnt Capital Lease Amount
CapitalLeaseAmount
95013 usd
CY2023Q2 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
19933 usd
CY2022Q4 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
39513 usd
CY2022Q4 cbnt Received Net Proceed
ReceivedNetProceed
200000 usd
CY2022Q4 cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.08 pure
CY2022Q4 cbnt Principal Amount
PrincipalAmount
200000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
175000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
175000 usd
CY2023Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.08 pure
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
93295 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
110344 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
33209 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payment Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentDueInFourAndFiveYears
5547 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
38756 usd
CY2023Q2 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
400 pure
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
957556 usd
CY2022Q2 cbnt Stated Redemption Value
StatedRedemptionValue
102000 usd
us-gaap Dividends Cash
DividendsCash
16079 usd
us-gaap Dividends Cash
DividendsCash
18078 usd
CY2023Q2 cbnt Stated Value
StatedValue
1545000 usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
300000
CY2023Q1 cbnt Cash Payments
CashPayments
275000 usd
CY2023Q1 cbnt Conversion
Conversion
25000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
53000 shares
CY2023Q1 cbnt Accrued Compensations
AccruedCompensations
9636364 shares
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
CY2023Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
2500000 shares
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
26000 usd
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0104
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
42183 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
63570 usd
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
16970120 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.119
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Shares Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsSharesVestedNumberOfShares
-2000000 shares
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Shares Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsSharesVestedWeightedAverageGrantDateFairValue
0.021
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
14970120 shares
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.132
CY2022Q1 cbnt Conversion Of Stock Shares Issued
ConversionOfStockSharesIssued
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
CY2022Q2 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1750000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1750000 shares
CY2022Q2 us-gaap Debt Securities
DebtSecurities
32736 usd
CY2023Q2 us-gaap Shares Issued
SharesIssued
21371481 shares
CY2023Q2 cbnt Conversion Principal
ConversionPrincipal
62000 usd
CY2023Q2 cbnt Conversion Principal
ConversionPrincipal
62000 usd
CY2023Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
4139 usd
CY2023Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
4139 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
2250 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
2250 usd
CY2023Q2 us-gaap Shares Issued
SharesIssued
22000000 shares
CY2023Q2 us-gaap Settlement Assets Current
SettlementAssetsCurrent
200000 usd
CY2023Q2 us-gaap Financing Receivable Accrued Interest Modified
FinancingReceivableAccruedInterestModified
317293 usd
CY2023Q2 cbnt Issued Share
IssuedShare
22000000 shares
CY2023Q2 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
132000 usd
CY2023Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.006
CY2023Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
68000 usd
CY2023Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
200000 usd
CY2023Q2 cbnt Fair Value Measurement
FairValueMeasurement
132000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
cbnt Voting Percentage
VotingPercentage
0.10 pure
cbnt Fair Market Percentage
FairMarketPercentage
1.10 pure
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
50000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
11445698 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
29451070 shares
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
CY2023Q2 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
18250 usd
CY2022Q4 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
CY2022Q4 cbnt Aggregate Amount
AggregateAmount
160000 usd
CY2022Q4 us-gaap Other Commitments Description
OtherCommitmentsDescription
This bonus will be paid 10% in cash ($16,000) which was paid in December 2022 and 90% in equity amounting to $144,000 which as of December 31, 2022 had been accrued and as of December 31, 2022, was included in accrued compensation on the accompanying consolidated balance sheet.
CY2023Q1 cbnt Bonus Owed Executive Officers
BonusOwedExecutiveOfficers
144000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
144 shares
CY2016Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.85
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1157360 usd
cbnt Number Of Customer
NumberOfCustomer
1 pure
cbnt Customer Accounted Sales Percentage
CustomerAccountedSalesPercentage
0.148 pure
cbnt Number Of Customers
NumberOfCustomers
6 pure
cbnt Number Of Suppliers
NumberOfSuppliers
5 pure
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2023Q2 cbnt Revenue
Revenue
414055 usd
CY2022Q2 cbnt Revenue
Revenue
540367 usd
cbnt Revenue
Revenue
929275 usd
cbnt Revenue
Revenue
1051076 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20545 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22755 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
41395 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45665 usd
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
168153 usd
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
363538 usd
us-gaap Interest Expense Other
InterestExpenseOther
367638 usd
us-gaap Interest Expense Other
InterestExpenseOther
612118 usd
CY2023Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
3774273 usd
CY2022Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-1009352 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
3051186 usd
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-2928771 usd
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
79048 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
96306 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
929275 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1051076 usd
CY2020 us-gaap Payments For Rent
PaymentsForRent
4444 usd
us-gaap Payments For Rent
PaymentsForRent
4577 usd
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
On May 12, 2021 and effective June 1, 2021
CY2021Q2 us-gaap Lease Cost
LeaseCost
5283 usd
cbnt Lease Term
LeaseTerm
P60M
us-gaap Payments For Rent
PaymentsForRent
5600 usd
CY2021Q3 cbnt Lease Agreemen Description
LeaseAgreemenDescription
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
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
67901 usd
cbnt Lease And Rental Expenses
LeaseAndRentalExpenses
79473 usd
CY2023Q2 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
279162 usd
CY2022Q4 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
480293 usd
CY2023Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
92531 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
104881 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
186631 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
375412 usd
CY2023Q2 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
186631 usd
CY2022Q4 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
376566 usd
CY2023Q2 cbnt Less Current Portion Of Lease Liabilities
LessCurrentPortionOfLeaseLiabilities
-57910 usd
CY2022Q4 cbnt Less Current Portion Of Lease Liabilities
LessCurrentPortionOfLeaseLiabilities
-117671 usd
CY2023Q2 cbnt Lease Liabilities Longterm
LeaseLiabilitiesLongterm
128721 usd
CY2022Q4 cbnt Lease Liabilities Longterm
LeaseLiabilitiesLongterm
258895 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payments Due Currents
OperatingLeasesFutureMinimumPaymentsDueCurrents
76654 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
72714 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payments Due In Three Year
OperatingLeasesFutureMinimumPaymentsDueInThreeYear
67200 usd
CY2023Q2 cbnt Operating Leases Future Minimum Payments Due In Four Year
OperatingLeasesFutureMinimumPaymentsDueInFourYear
5600 usd
CY2023Q2 cbnt Total Minimum Noncancelable Operating Lease Payments
TotalMinimumNoncancelableOperatingLeasePayments
222168 usd
CY2023Q2 cbnt Discount To Fair Value
DiscountToFairValue
35537 usd
CY2023Q2 cbnt Total Lease Liability
TotalLeaseLiability
186631 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
cbnt Interest Expenses
InterestExpenses
5663 usd
CY2023Q2 cbnt Company Repaid Amount
CompanyRepaidAmount
200000 usd
CY2023Q2 cbnt Accruedinterest Payabless
AccruedinterestPayabless
50000 usd
CY2023Q2 cbnt Related Party Amount
RelatedPartyAmount
15690 usd
CY2023Q2 cbnt Due To Related Parties Currents
DueToRelatedPartiesCurrents
250000 usd
CY2023Q2 cbnt Accrued Interest Payable
AccruedInterestPayable
10027 usd
CY2023Q2 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
4000000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
1989755 usd
CY2023Q2 cbnt Principal Balance
PrincipalBalance
400000 usd
CY2023Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
310192 usd
CY2023Q2 us-gaap Cash
Cash
200000 usd
CY2023Q2 us-gaap Shares Issued
SharesIssued
22000000 shares
CY2022Q2 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
419260 usd
CY2022Q3 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
419260 usd
CY2022Q3 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
419260 usd
CY2022Q1 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
271825 usd
CY2022Q4 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
271825 usd
CY2021Q2 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
875000 usd
CY2022Q4 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
875000 usd
CY2023Q2 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
875000 usd
CY2022Q4 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
288035 usd
CY2022Q4 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
288035 usd
CY2023Q1 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
288035 usd
CY2023Q2 cbnt Sale Of Product
saleOfProduct
4051709 usd
CY2023Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
usd
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
usd
CY2023Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
us-gaap Paid In Kind Interest
PaidInKindInterest
usd
us-gaap Other Noncash Expense
OtherNoncashExpense
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
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 Increase In Debt Discount And Paidin Capital For Shares Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForSharesIssuedWithConvertibleDebt
usd
cbnt Increase In Debt Discount And Paidin Capital For Warrants Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForWarrantsIssuedWithConvertibleDebt
usd
cbnt Increase In Debt Discount And Paidin Capital For Beneficial Conversion Feature On Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForBeneficialConversionFeatureOnConvertibleDebt
usd
cbnt Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
usd
cbnt Common Stock Issued For Accouts Payable
CommonStockIssuedForAccoutsPayable
usd
CY2022Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
usd
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
CY2022Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
shares
CY2022Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
shares
CY2022Q2 cbnt Series B Preferred Shares
SeriesBPreferredShares
shares
CY2022Q2 cbnt Series B Preferred Shares
SeriesBPreferredShares
shares
CY2022Q2 cbnt Series C Preferred Shares
SeriesCPreferredShares
shares
CY2022Q2 cbnt Series C Preferred Shares
SeriesCPreferredShares
shares
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
usd
CY2023Q2 us-gaap Inventory Adjustments
InventoryAdjustments
usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
usd
CY2023Q2 us-gaap Intermediate Life Plants Useful Life
IntermediateLifePlantsUsefulLife
cbnt Goodwill Useful Life
GoodwillUsefulLife
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2023Q2 cbnt Add Put Premium
AddPutPremium
usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
usd
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Grants Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsGrantsNumberOfShares
shares
cbnt Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Granted Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsGrantedWeightedAverageGrantDateFairValue
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001421636

Files In Submission

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cbnt-20230630_lab.xml Edgar Link unprocessable
cbnt-20230630_cal.xml Edgar Link unprocessable
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cbnt-20230630_def.xml Edgar Link unprocessable
cbnt-20230630_pre.xml Edgar Link unprocessable
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cbnt-20230630.xsd Edgar Link pending
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