2023 Q4 Form 10-Q Financial Statement

#000121390023086882 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q2
Revenue $745.3K $814.0K $414.1K
YoY Change 22.59% 41.89% -23.38%
Cost Of Revenue $379.9K $346.6K $209.1K
YoY Change 52.76% 40.7% -0.3%
Gross Profit $365.3K $467.3K $205.0K
YoY Change 1.71% 42.79% -38.01%
Gross Profit Margin 49.02% 57.42% 49.51%
Selling, General & Admin $1.139M $570.0K $768.9K
YoY Change 19.01% -30.33% 5.04%
% of Gross Profit 311.84% 121.97% 375.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.86K $20.00K $20.55K
YoY Change 37.49% -11.36% -9.71%
% of Gross Profit 7.9% 4.28% 10.02%
Operating Expenses $1.152M $582.0K $776.8K
YoY Change 19.25% -29.72% 4.67%
Operating Profit -$786.2K -$114.6K $3.480M
YoY Change 29.65% -77.11% -945.66%
Interest Expense -$49.10K $58.69K $166.2K
YoY Change -91.27% -86.68% -54.13%
% of Operating Profit 4.78%
Other Income/Expense, Net -$49.44K $294.4K
YoY Change
Pretax Income -$1.000M -$160.0K $3.774M
YoY Change -21.93% -83.09% -473.93%
Income Tax
% Of Pretax Income
Net Earnings -$1.012M -$164.1K $3.774M
YoY Change -21.48% -82.66% -473.93%
Net Earnings / Revenue -135.73% -20.16% 911.54%
Basic Earnings Per Share $0.00 $0.01
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 532.8M shares 523.2M shares 505.0M shares
Diluted Shares Outstanding 524.7M shares 2.349B shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $736.5K $1.130M $1.512M
YoY Change 658.53% 640.64% 518.09%
Cash & Equivalents $736.5K $1.133M $1.512M
Short-Term Investments
Other Short-Term Assets $28.50K $30.00K $66.95K
YoY Change -59.96% -67.49% -38.77%
Inventory $181.7K $110.3K $119.1K
Prepaid Expenses $2.250K $16.95K
Receivables $426.5K $270.8K $133.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.373M $1.549M $1.831M
YoY Change 166.4% 164.84% 174.75%
LONG-TERM ASSETS
Property, Plant & Equipment $330.1K $183.9K $79.05K
YoY Change 242.75% 75.68% -31.03%
Goodwill $350.5K $350.5K $350.5K
YoY Change 0.0% 0.0% 0.0%
Intangibles $229.4K $242.0K $254.7K
YoY Change -18.04% -17.26% -16.55%
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $0.00 $949.2K
YoY Change -100.0%
Total Long-Term Assets $910.0K $949.2K $870.8K
YoY Change -17.92% -18.01% -27.9%
TOTAL ASSETS
Total Short-Term Assets $1.373M $1.549M $1.831M
Total Long-Term Assets $910.0K $949.2K $870.8K
Total Assets $2.283M $2.498M $2.702M
YoY Change 40.58% 43.36% 44.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $710.2K $724.6K $729.7K
YoY Change -8.92% -11.71% -12.03%
Accrued Expenses $1.252M $406.0K $390.8K
YoY Change 70.05% -27.35% -23.99%
Deferred Revenue $500.7K $136.4K
YoY Change 2111.95%
Short-Term Debt $180.0K $1.030M $1.031M
YoY Change -82.55% 39.19% 155.22%
Long-Term Debt Due $81.91K $80.00K $83.21K
YoY Change -94.8% -94.76% -92.63%
Total Short-Term Liabilities $2.725M $2.824M $2.907M
YoY Change -43.98% -33.85% -16.01%
LONG-TERM LIABILITIES
Long-Term Debt $960.2K $60.00K $5.550K
YoY Change 35.23% -77.19% -97.95%
Other Long-Term Liabilities $97.25K $110.0K $128.7K
YoY Change -62.44% -62.0% -59.78%
Total Long-Term Liabilities $1.057M $173.1K $134.3K
YoY Change 9.13% -68.67% -77.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.725M $2.824M $2.907M
Total Long-Term Liabilities $1.057M $173.1K $134.3K
Total Liabilities $3.924M $2.997M $3.041M
YoY Change -32.73% -37.84% -24.95%
SHAREHOLDERS EQUITY
Retained Earnings -$60.85M -$59.84M -$59.63M
YoY Change -2.94% -2.55% -1.35%
Common Stock $532.8K $532.8K $523.2K
YoY Change 52.12% 63.57% 70.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.641M -$3.455M -$454.9K
YoY Change
Total Liabilities & Shareholders Equity $2.283M $2.498M $2.702M
YoY Change 40.58% 43.36% 44.15%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.012M -$164.1K $3.774M
YoY Change -21.48% -82.66% -473.93%
Depreciation, Depletion And Amortization $28.86K $20.00K $20.55K
YoY Change 37.49% -11.36% -9.71%
Cash From Operating Activities -$372.2K -$320.0K -$622.0K
YoY Change -7.36% -16.61% 110.43%
INVESTING ACTIVITIES
Capital Expenditures $4.770K $110.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $11.63K $0.00 $4.043M
YoY Change 111.45%
Cash From Investing Activities $6.860K -$110.0K $4.043M
YoY Change 24.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.27K 60.00K -1.992M
YoY Change -110.35% -79.44% -638.34%
NET CHANGE
Cash From Operating Activities -372.2K -320.0K -622.0K
Cash From Investing Activities 6.860K -110.0K 4.043M
Cash From Financing Activities -35.27K 60.00K -1.992M
Net Change In Cash -400.6K -370.0K 1.429M
YoY Change 622.12% 302.26% 1819.05%
FREE CASH FLOW
Cash From Operating Activities -$372.2K -$320.0K -$622.0K
Capital Expenditures $4.770K $110.0K
Free Cash Flow -$377.0K -$430.0K
YoY Change

Facts In Submission

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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Profit Loss
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2022Q1 cbnt Stock Issued During Period Value In Connection With Debt
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CY2022Q1 us-gaap Dividends Preferred Stock
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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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
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CY2022Q2 us-gaap Dividends Preferred Stock
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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CY2022Q2 cbnt Adjustments To Additional Paid In Capital Beneficial Conversion Feature Buyback Related To Debt Extinguishment
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q3 cbnt Stock Issued During Period Value In Connection With Debt
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CY2022Q3 us-gaap Dividends Preferred Stock
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
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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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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Paid In Kind Interest
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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cbnt Stockbased Professional Fee
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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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 Property Plant Equipment
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Expenses Other
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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
23285 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
26041 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
26927 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Related Party Debt
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
250000 usd
us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1807414 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Proceeds From Convertible Debt
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50000 usd
us-gaap Repayments Of Convertible Debt
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1036038 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1133129 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152567 usd
us-gaap Interest Paid Net
InterestPaidNet
225739 usd
us-gaap Interest Paid Net
InterestPaidNet
15287 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
83950 usd
cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
193250 usd
us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
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
40788 usd
cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
41811 usd
cbnt Deemed Dividend Related To Ratchet Provision
DeemedDividendRelatedToRatchetProvision
4435 usd
cbnt Increase In Debt Discount And Paidin Capital For Shares Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForSharesIssuedWithConvertibleDebt
110631 usd
cbnt Increase In Debt Discount And Paidin Capital For Warrants Issued With Convertible Debt
IncreaseInDebtDiscountAndPaidinCapitalForWarrantsIssuedWithConvertibleDebt
325785 usd
us-gaap Stock Issued1
StockIssued1
2174 usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
214000 usd
cbnt Conversion Of Series C Preferred Stock To Common Stock
ConversionOfSeriesCPreferredStockToCommonStock
114000 usd
us-gaap Notes Issued1
NotesIssued1
198139 usd
cbnt Increase In Right Of Use And Lease Liability
IncreaseInRightOfUseAndLeaseLiability
184375 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; text-align: justify"> </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. During the nine months ended September 30, 2023 and 2022, the Company operated in two segments: 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.</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. Initially, for two years after closing, the Company had 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. On September 20, 2023, the Company and the Mobile Shareholder entered into amendment #2 to the Exchange Agreement (the “Amended Exchange Agreement”). Pursuant to the Amended Exchange Agreement, the Company shall have the option (the “Option”), beginning on July 1, 2025 (the “Option Start Date”) and ending on 5:00 P.M. EST on the date that is thirty calendar days after the Option Start Date (the “Option Period”), to acquire the remaining 20% of Mobile Units (the “Additional Units”), representing 20% of Mobile’s issued and outstanding membership interests, collectively (the “Additional Closing”) (See Note 10). 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> <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">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).</p>
us-gaap Profit Loss
ProfitLoss
2887118 usd
CY2023Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4042631 usd
CY2023Q3 us-gaap Cash
Cash
1133129 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">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 nine months ended September 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. </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Risks and Uncertainties</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. On September 30, 2023, the Company had cash in bank in excess of FDIC insured levels of $814,353. 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.</p>
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
814353 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26648 usd
CY2022Q2 us-gaap Preferred Stock Redemption Amount
PreferredStockRedemptionAmount
102000 usd
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Derivative Financial Instruments</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p>
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
158920 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-206208 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-952480 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2853035 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3889792 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
524747583 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
319825057 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
478703698 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
299609959 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2022Q3 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
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-206208 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-952480 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2853035 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3889792 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
40788 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
138837 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-206208 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-952480 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3032660 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3889792 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
524747583 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
319825057 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
478703698 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
299609959 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
524747583 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
319825057 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2355294011 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
299609959 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2022Q3 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
CY2022Q3 cbnt Commitment Shares Issued
CommitmentSharesIssued
2600000 shares
CY2022Q3 us-gaap Shares Issued
SharesIssued
998008 shares
CY2022Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
34606 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1919036011 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1401359349 shares
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
286744 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
304964 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15941 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35522 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
270803 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
269442 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1501 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
110339 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
75945 usd
CY2023Q3 us-gaap Inventory Gross
InventoryGross
110339 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
77446 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
110339 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
77446 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
254167 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
263930 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70281 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
167624 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
183886 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
96306 usd
CY2022Q3 cbnt Principal And Interest Payments
PrincipalAndInterestPayments
21060 usd
CY2022Q3 cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.08 pure
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.011
cbnt Accrued Dividend
AccruedDividend
23792 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
352516 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
352516 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
110476 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
72598 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
242040 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
279918 usd
CY2023Q3 us-gaap Goodwill
Goodwill
350491 usd
CY2022Q4 us-gaap Goodwill
Goodwill
350491 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37878 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37878 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
50503 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
50503 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
41034 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142040 usd
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.10 pure
CY2021Q4 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.50 pure
CY2021Q4 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
680000 usd
CY2021Q4 cbnt Placement Fees
PlacementFees
60000 usd
CY2021Q4 us-gaap Legal Fees
LegalFees
10000 usd
cbnt Future Financings Percentage
FutureFinancingsPercentage
0.30 pure
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
825000 usd
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
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
CY2022Q2 cbnt New Warrant Purchase Issued Exercisable Price
NewWarrantPurchaseIssuedExercisablePrice
0.025
CY2023Q3 cbnt Aggregate Noncash Debt Discount
AggregateNoncashDebtDiscount
680000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
141511 usd
CY2023Q3 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
100 pure
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
957556 usd
CY2022Q2 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 Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.025
CY2022Q2 cbnt Deemed Dividents
DeemedDividents
3702 usd
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price Decrease
DebtInstrumentConvertibleConversionPriceDecrease
0.009
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
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 cbnt Net Fees
NetFees
4250 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
64250 usd
CY2022Q4 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
60000 usd
CY2022Q4 cbnt Net Fees
NetFees
4250 usd
CY2023Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
54250 usd
CY2023Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
50000 usd
CY2023Q1 cbnt Net Fees
NetFees
4250 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
90731 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
119943 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
119943 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
219882 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
83138 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1031250 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1199750 usd
CY2022Q4 cbnt Debt Instrument Add Put Premium
DebtInstrumentAddPutPremium
90731 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
7968 usd
CY2023Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1031250 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1282513 usd
CY2023Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1031250 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1031250 usd
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
251263 usd
CY2023Q3 us-gaap Notes And Loans Payable
NotesAndLoansPayable
141511 usd
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
1918203 usd
CY2023Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
947 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
132961 usd
CY2023Q3 us-gaap Notes Payable
NotesPayable
140564 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
1785242 usd
CY2023Q3 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
80695 usd
CY2022Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
1576438 usd
CY2023Q3 us-gaap Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
59869 usd
CY2022Q4 us-gaap Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
208804 usd
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
400000 usd
CY2018Q4 cbnt Debt Instrument Bering Interest Rate
DebtInstrumentBeringInterestRate
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.
cbnt Debt Instrument Bering Interest Rate
DebtInstrumentBeringInterestRate
0.18 pure
CY2023Q2 cbnt Release Agreement
ReleaseAgreement
400000 usd
CY2023Q2 cbnt Lender Cash Amount
LenderCashAmount
200000 usd
CY2023Q2 cbnt Lender Shares Issued
LenderSharesIssued
22000000 shares
CY2023Q2 cbnt Cash Payments
CashPayments
200000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
68000 usd
CY2023Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
132000 usd
CY2023Q2 cbnt Interest Due
InterestDue
317293 usd
CY2022Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
0 usd
CY2022Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
176000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
148420 usd
CY2022Q2 cbnt Commitment Shares Issued
CommitmentSharesIssued
1750000 shares
CY2022Q2 cbnt Principal And Interest Payments
PrincipalAndInterestPayments
21060 usd
CY2022Q2 cbnt Outstanding Interest Rate Percentage
OutstandingInterestRatePercentage
0.08 pure
CY2023Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
21371481 shares
CY2023Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
21371481 shares
CY2023Q2 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
62000 usd
CY2023Q2 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
62000 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
2250 usd
CY2023Q2 us-gaap Legal Fees
LegalFees
2250 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 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.
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
6441 usd
CY2022Q3 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
176000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
158920 usd
CY2022Q3 cbnt Commitment Shares Issued
CommitmentSharesIssued
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 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 September 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.
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
CY2023Q3 cbnt Notes Payable Vehicles And Equipment Loans
NotesPayableVehiclesAndEquipmentLoans
12452 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 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
200000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
175000 usd
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
175000 usd
CY2023Q2 cbnt Debt Instrument Interest Rate Effectivepercentage
DebtInstrumentInterestRateEffectivepercentage
0.08 pure
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
93448 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
58095 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
81642 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
38228 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6506 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
7191 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
7944 usd
cbnt Accrued Dividend
AccruedDividend
26920 usd
CY2023Q3 cbnt Preferred Stock Stated Value
PreferredStockStatedValue
1515000 usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
300000
CY2023Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
275000 shares
CY2023Q1 cbnt Stock Issued During Period Value For Accrued Compensation
StockIssuedDuringPeriodValueForAccruedCompensation
53000 usd
CY2023Q1 cbnt Stock Issued During Period Shares For Accrued Compensation
StockIssuedDuringPeriodSharesForAccruedCompensation
9636364 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4000000 shares
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
48000 usd
CY2022Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.012
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
15000 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
33000 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3000000 shares
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
54000 usd
CY2022Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.018
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
2500000 shares
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
31250 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0125
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15625 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
5454545 shares
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
60000 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.011
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
25000 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
35000 usd
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6666667 shares
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
40000 usd
CY2023Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.006
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
40000 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5000000 shares
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
22500 usd
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0045
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
22500 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1500000 shares
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
16950 usd
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0011
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16950 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1000000 shares
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4500 usd
CY2023Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0045
CY2023Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2250 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2250 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
500000 shares
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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 New Issues
StockIssuedDuringPeriodValueNewIssues
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 New Issues
StockIssuedDuringPeriodValueNewIssues
24000 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.012
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2500000 shares
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26000 usd
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0104
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42183 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
53764 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
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2000000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.021
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
14970120 shares
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.132
CY2022Q3 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
In connection with the July 2022 GS Capital Note, on July 28, 2022, the Company issued 2,600,000 shares of its common stock as a commitment fee and the Company issued 998,008 shares of its common stock to the placement agent as a fee for the capital raises. The aggregate of 3,598,008 shares of common stock issued were recorded as a debt discount of $34,606 based on the relative fair value method to be amortized over the life of the July 2022 Note (See Note 8).
CY2022Q3 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
In connection with the September 2022 GS Capital Note, on September 6, 2022, the Company issued 3,300,000 shares of its common stock as a commitment fee and the Company issued 773,626 shares of its common stock to the placement agent as fee for the capital raises. The aggregate of 4,073,626 shares of common stock issued were recorded as a debt discount of $30,326 based on the relative fair value method to be amortized over the life of the September 2022 Note (See Note 8).
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2022Q3 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
cbnt Incentive Stock Options
IncentiveStockOptions
50000000 shares
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 Cash
Cash
16000 usd
CY2023Q3 cbnt Settle Agreement
SettleAgreement
9000 usd
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
9250 usd
CY2023Q3 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
0 usd
CY2022Q4 us-gaap Compensated Absences Liability
CompensatedAbsencesLiability
18250 usd
CY2021Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
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 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 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
cbnt Issued Percentage
IssuedPercentage
0.20 pure
cbnt Outstanding Percentage
OutstandingPercentage
0.20 pure
cbnt Common Stock Percentage
CommonStockPercentage
3 pure
cbnt Option Period Percentage
OptionPeriodPercentage
0.20 pure
cbnt Option To Purchase Twenty Percentage Of Mobile Tint Description
OptionToPurchaseTwentyPercentageOfMobileTintDescription
the sum of (i) Mobile’s net income, before income tax expense and interest expense have been deducted, for the period beginning on July 1, 2023 and ending on June 30, 2025 plus (ii) $240,000. “EBIT Value” shall mean the Total EBIT Value divided by two (2). “Share Value” shall mean (i) 300% of the EBIT Value (the “Triple EBIT Value”), minus (ii) the Net Income. “Net Income” shall mean Mobile’s net income, after income tax expense and interest expense have been deducted, for the period beginning on July 1, 2023 and ending on June 30, 2025. Any salary paid by Mobile, including but not limited to any salary paid to the Mobile Shareholder, shall not be included in Net Income.
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
814353 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2023Q3 us-gaap Revenues
Revenues
813951 usd
CY2022Q3 us-gaap Revenues
Revenues
573649 usd
us-gaap Revenues
Revenues
1743226 usd
us-gaap Revenues
Revenues
1624725 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
22558 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
22564 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
63953 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
68230 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
58687 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
445566 usd
us-gaap Interest Expense
InterestExpense
426325 usd
us-gaap Interest Expense
InterestExpense
1057684 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-164068 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-946390 usd
us-gaap Profit Loss
ProfitLoss
2887118 usd
us-gaap Profit Loss
ProfitLoss
-3875161 usd
CY2023Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
183886 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
96306 usd
us-gaap Revenues
Revenues
1743226 usd
us-gaap Revenues
Revenues
1624725 usd
CY2020 us-gaap Payments For Rent
PaymentsForRent
4444 usd
us-gaap Payments For Rent
PaymentsForRent
4577 usd
CY2022Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
5283 usd
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
84701 usd
cbnt Lease And Rental Expenses
LeaseAndRentalExpenses
127700 usd
CY2023Q3 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
279162 usd
CY2022Q4 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
480293 usd
CY2023Q3 cbnt Operating Lease Right Of Use Asset Amortization Accumulated Amortization
OperatingLeaseRightOfUseAssetAmortizationAccumulatedAmortization
106408 usd
CY2022Q4 cbnt Operating Lease Right Of Use Asset Amortization Accumulated Amortization
OperatingLeaseRightOfUseAssetAmortizationAccumulatedAmortization
104881 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
172754 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
375412 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2023Q3 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
172754 usd
CY2022Q4 cbnt Lease Liabilities Related To Office Leases Right Of Use Assets
LeaseLiabilitiesRelatedToOfficeLeasesRightOfUseAssets
376566 usd
CY2023Q3 cbnt Current Portion Of Lease Liabilities
CurrentPortionOfLeaseLiabilities
-59548 usd
CY2022Q4 cbnt Current Portion Of Lease Liabilities
CurrentPortionOfLeaseLiabilities
-117671 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
113206 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
258895 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76654 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
70351 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
56000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
203005 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30251 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
172754 usd
CY2022Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
250000 usd
CY2022Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.06 pure
CY2022Q2 us-gaap Debt Conversion Original Debt Due Date Of Debt Day Month And Year
DebtConversionOriginalDebtDueDateOfDebtDayMonthAndYear
2024-05-02
CY2022Q2 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
200000 usd
CY2023Q3 us-gaap Other Notes Payable
OtherNotesPayable
50000 usd
CY2021Q2 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
15690 usd
CY2023Q2 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
4000000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
1989755 usd
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
317293 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4051709 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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 Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
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
us-gaap Stock Issued1
StockIssued1
usd
us-gaap Notes Issued1
NotesIssued1
usd
cbnt Increase In Right Of Use And Lease Liability
IncreaseInRightOfUseAndLeaseLiability
usd
CY2023Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
usd
CY2022Q3 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
usd
CY2022Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
usd
CY2023Q3 us-gaap Inventory Adjustments
InventoryAdjustments
usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
usd
cbnt Goodwill Useful Life
GoodwillUsefulLife
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2023Q3 cbnt Debt Instrument Add Put Premium
DebtInstrumentAddPutPremium
usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
usd
CY2023Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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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cbnt-20230930_def.xml Edgar Link unprocessable
cbnt-20230930_pre.xml Edgar Link unprocessable
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0001213900-23-086882-index.html Edgar Link pending
0001213900-23-086882.txt Edgar Link pending
0001213900-23-086882-xbrl.zip Edgar Link pending
cbnt-20230930.xsd Edgar Link pending
f10q0923ex31-1_cbondsystem.htm Edgar Link pending
f10q0923ex31-2_cbondsystem.htm Edgar Link pending
f10q0923ex32-1_cbondsystem.htm Edgar Link pending
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f10q0923_cbondsystem_htm.xml Edgar Link completed
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