2024 Q2 Form 10-Q Financial Statement

#000121390024042971 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $863.5K $936.8K $515.2K
YoY Change 108.56% 81.83% 0.88%
Cost Of Revenue $425.0K $461.9K $245.4K
YoY Change 103.26% 88.27% -1.71%
Gross Profit $438.6K $474.9K $269.9K
YoY Change 113.96% 75.97% 3.36%
Gross Profit Margin 50.79% 50.69% 52.38%
Selling, General & Admin $619.1K $1.105M $785.2K
YoY Change -19.49% 40.66% -59.2%
% of Gross Profit 141.15% 232.59% 290.98%
Research & Development $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Depreciation & Amortization $24.51K $24.51K $20.85K
YoY Change 19.3% 17.55% -8.99%
% of Gross Profit 5.59% 5.16% 7.73%
Operating Expenses $630.9K $1.116M $793.5K
YoY Change -18.78% 40.7% -58.99%
Operating Profit -$192.4K -$641.5K -$523.6K
YoY Change -105.53% 22.52% -68.72%
Interest Expense $195.8K
YoY Change -178.76%
% of Operating Profit
Other Income/Expense, Net $50.00K $333.9K -$199.5K
YoY Change -83.02% -267.37%
Pretax Income -$246.0K -$307.7K -$723.1K
YoY Change -106.52% -57.45% -62.33%
Income Tax
% Of Pretax Income
Net Earnings -$246.0K -$317.2K -$723.1K
YoY Change -106.52% -56.14% -62.33%
Net Earnings / Revenue -28.48% -33.86% -140.35%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 545.3M shares 539.1M shares 447.7M shares
Diluted Shares Outstanding 543.2M shares 535.7M shares 425.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $196.3K $197.9K $82.98K
YoY Change -87.01% 138.44% -51.22%
Cash & Equivalents $196.3K $197.9K $82.98K
Short-Term Investments
Other Short-Term Assets $107.8K $269.7K $88.85K
YoY Change 61.03% 203.52% 124.26%
Inventory $162.1K $101.8K $59.35K
Prepaid Expenses
Receivables $243.4K $507.4K $198.7K
Other Receivables $71.96K $0.00 $0.00
Total Short-Term Assets $841.4K $1.085M $429.9K
YoY Change -54.05% 152.45% -26.76%
LONG-TERM ASSETS
Property, Plant & Equipment $147.8K $159.7K $88.08K
YoY Change 87.03% 81.34% -77.39%
Goodwill $350.5K $350.5K $350.5K
YoY Change 0.0% 0.0%
Intangibles $204.2K $216.8K $267.3K
YoY Change -19.83% -18.89%
Long-Term Investments $7.780K
YoY Change 20.06%
Other Assets
YoY Change
Total Long-Term Assets $831.2K $870.8K $1.060M
YoY Change -4.55% -17.87% -0.37%
TOTAL ASSETS
Total Short-Term Assets $841.4K $1.085M $429.9K
Total Long-Term Assets $831.2K $870.8K $1.060M
Total Assets $1.673M $1.956M $1.490M
YoY Change -38.09% 31.26% -9.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $798.8K $702.8K $828.5K
YoY Change 9.47% -15.17% -2.91%
Accrued Expenses $390.3K $522.5K $859.5K
YoY Change -0.13% -39.21% -8.31%
Deferred Revenue $148.8K $341.8K
YoY Change
Short-Term Debt $180.0K $180.0K $1.195M
YoY Change -82.55% -84.93% 215.98%
Long-Term Debt Due $474.0K $232.1K $1.592M
YoY Change 469.66% -85.42% 148.78%
Total Short-Term Liabilities $2.107M $2.066M $5.020M
YoY Change -27.52% -58.85% 75.85%
LONG-TERM LIABILITIES
Long-Term Debt $861.6K $925.5K $625.7K
YoY Change 15423.78% 47.92% 17.99%
Other Long-Term Liabilities $67.95K $82.42K $227.7K
YoY Change -47.21% -63.8% 8.16%
Total Long-Term Liabilities $929.5K $1.008M $853.4K
YoY Change 592.28% 18.11% 15.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.107M $2.066M $5.020M
Total Long-Term Liabilities $929.5K $1.008M $853.4K
Total Liabilities $3.037M $3.074M $5.874M
YoY Change -0.15% -47.66% 55.72%
SHAREHOLDERS EQUITY
Retained Earnings -$61.45M -$61.18M -$63.41M
YoY Change 3.04% -3.52%
Common Stock $545.3K $539.1K $447.7K
YoY Change 4.21% 20.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.341M -$4.303M -$4.518M
YoY Change
Total Liabilities & Shareholders Equity $1.673M $1.956M $1.490M
YoY Change -38.09% 31.26% -9.75%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$246.0K -$317.2K -$723.1K
YoY Change -106.52% -56.14% -62.33%
Depreciation, Depletion And Amortization $24.51K $24.51K $20.85K
YoY Change 19.3% 17.55% -8.99%
Cash From Operating Activities -$160.8K -$651.2K -$291.0K
YoY Change -74.15% 123.81% -42.24%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 159.3K $112.6K $276.9K
YoY Change -108.0% -59.32% 79.81%
NET CHANGE
Cash From Operating Activities -160.8K -$651.2K -$291.0K
Cash From Investing Activities
Cash From Financing Activities 159.3K $112.6K $276.9K
Net Change In Cash -1.540K -$538.6K -$14.11K
YoY Change -100.11% 3717.95% -95.97%
FREE CASH FLOW
Cash From Operating Activities -$160.8K -$651.2K -$291.0K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024Q1 cbnt Conversion Of Series C Preferred Stock To Common Stock
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CY2023Q1 cbnt Conversion Of Series C Preferred Stock To Common Stock
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CY2024Q1 us-gaap Nature Of Operations
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<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 and developer 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 three months ended March 31, 2023, 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™. Since May 8, 2023, the date that the nanoShield product line and related technologies were sold (see Note 16), the Company operates in one segment. 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) Patriot Glass Solutions, LLC (formerly Mobile Tint LLC), a Texas limited liability company doing business as A1 Glass Coating (“Patriot Glass”), (ii) the sole member of Patriot Glass (the “Patriot Glass Shareholder”), and (iii) Michael Wanke as the Representative of the Patriot Glass Shareholder. Pursuant to the Exchange Agreement, on July 22, 2021, the Company acquired 80% of Patriot Glass’s units (the “Patriot Glass Shares”). The Patriot Glass 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. On September 20, 2023, the Company and the Patriot Glass 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 Patriot Glass Units (the “Additional Units”), representing 20% of Patriot Glass’s issued and outstanding membership interests, collectively (the “Additional Closing”) (See Note 10). Patriot Glass 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. Patriot Glass 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, Patriot Glass’s owner-operator, Mr. Wanke, joined the Company as President of Patriot Glass. On November 29, 2023, the name of Mobile Tint LLC was changed to Patriot Glass Solutions, LLC.</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™ product line, 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>
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CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Number Of Reportable Segments
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Risk and Uncertainties</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company operates in an industry that is subject to intense competition and changes in consumer and commercial demand. The Company’s operations are subject to significant risk and uncertainties including financial and operational risks including the potential risk of business failure.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has experienced, and in the future expects to continue to experience, variability in sales and earnings. The factors expected to contribute to this variability include, among others, (i) the cyclical nature of the business, (ii) general economic conditions in the various local markets in which the Company competes, including a potential general downturn in the economy, and (iii) the volatility of prices in connection with the Company’s products and services. These factors, among others, make it difficult to project the Company’s operating results on a consistent basis.</p>
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CY2023Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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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
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6666667 shares
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12137 usd
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 cbnt Stockbased Professional Fees
stockbasedProfessionalFees
11667 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
28333 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
CY2023 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 usd
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
14970120 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.132
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
14970120 shares
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.132
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0 usd
CY2024Q1 cbnt Voting Percentage
VotingPercentage
0.10 pure
CY2024Q1 cbnt Fair Market Percentage
FairMarketPercentage
1.10 pure
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
50000000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
11445698 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
29451070 shares
CY2024Q1 us-gaap Cash
Cash
21961 usd
CY2024Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
175000 usd
CY2023 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
175000 usd
CY2024Q1 us-gaap Escrow Deposit
EscrowDeposit
225000 usd
CY2024Q1 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
120 shares
CY2024Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
5250000 shares
CY2023 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
347097 usd
CY2017Q4 cbnt Annual Base Salary
AnnualBaseSalary
300000 usd
CY2017Q4 cbnt Annual Base Salary Rate
AnnualBaseSalaryRate
0.10 pure
CY2017Q4 us-gaap Public Utilities Amount Of Allowance For Funds Used During Construction Equity Costs Capitalized Only For Rate Making Purposes
PublicUtilitiesAmountOfAllowanceForFundsUsedDuringConstructionEquityCostsCapitalizedOnlyForRateMakingPurposes
1000000 usd
CY2017Q4 cbnt Capital Raise Rate
CapitalRaiseRate
0.05 pure
CY2017Q4 cbnt Common Stock Shares Acquired
CommonStockSharesAcquired
3000000 shares
CY2017Q4 cbnt Common Stock Shares Acquired Per Share
CommonStockSharesAcquiredPerShare
0.31
CY2017Q4 cbnt Stock Options Shares Issued
StockOptionsSharesIssued
500000 shares
CY2017Q4 cbnt Strike Price
StrikePrice
0.85
CY2021Q3 us-gaap Salaries And Wages
SalariesAndWages
240000 usd
CY2021Q3 cbnt Base Salaries Percentage
BaseSalariesPercentage
0.50 pure
CY2024Q1 cbnt Base Salary Bonus Percentage
BaseSalaryBonusPercentage
0.50 pure
CY2023 cbnt Bonus Percentage
BonusPercentage
0.10 pure
CY2023 us-gaap Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
162000 usd
CY2024Q1 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
312000 usd
CY2024Q1 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
312 shares
CY2016Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.85
CY2024Q1 cbnt Issued Percentage
IssuedPercentage
0.20 pure
CY2024Q1 cbnt Outstanding Percentage
OutstandingPercentage
0.20 pure
CY2024Q1 cbnt Common Stock Percentage
CommonStockPercentage
3 pure
CY2024Q1 cbnt Option Period Percentage
OptionPeriodPercentage
0.20 pure
CY2023Q3 us-gaap Interest Expense Other
InterestExpenseOther
240000 usd
CY2023Q3 cbnt Share Value Percentage
ShareValuePercentage
3 pure
CY2024Q1 cbnt Nonrefundable Cash Fee
NonrefundableCashFee
25000 usd
CY2024Q1 cbnt Transaction Percentage
TransactionPercentage
0.065 pure
CY2024Q1 cbnt Break Up Fee Percentage
BreakUpFeePercentage
0.10 pure
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 pure
CY2024Q1 us-gaap Revenues
Revenues
936804 usd
CY2023Q1 us-gaap Revenues
Revenues
515220 usd
CY2024Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
11882 usd
CY2023Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
20850 usd
CY2024Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
14119 usd
CY2023Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
199485 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-307648 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-723087 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
159724 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
171606 usd
CY2024Q1 us-gaap Revenues
Revenues
936804 usd
CY2023Q1 us-gaap Revenues
Revenues
515220 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
CY2024Q1 us-gaap Payments For Rent
PaymentsForRent
5600 usd
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
365 usd
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
788 usd
CY2024Q1 us-gaap Sale Leaseback Transaction Lease Term
SaleLeasebackTransactionLeaseTerm
P12M
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
16800 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
40845 usd
CY2024Q1 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
279162 usd
CY2023Q4 cbnt Office Leases Right Of Use Assets
OfficeLeasesRightOfUseAssets
279162 usd
CY2024Q1 cbnt Operating Lease Right Of Use Asset Amortization Accumulated Amortization
OperatingLeaseRightOfUseAssetAmortizationAccumulatedAmortization
135352 usd
CY2023Q4 cbnt Operating Lease Right Of Use Asset Amortization Accumulated Amortization
OperatingLeaseRightOfUseAssetAmortizationAccumulatedAmortization
120678 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
143810 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
158484 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
143810 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
157752 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
61390 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
60503 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
82420 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
97249 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
75078 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
67200 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22400 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
164678 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20868 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
143810 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
CY2023Q1 us-gaap Interest Expense
InterestExpense
3699 usd
CY2023Q2 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
200000 usd
CY2023Q3 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
50000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
15690 usd
CY2023Q1 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
4000000 usd
CY2024Q1 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
1989755 usd
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4051709 usd
CY2024Q2 us-gaap Customer Funds
CustomerFunds
100000 usd
CY2024Q2 cbnt Interest Charge Rate Percentage
InterestChargeRatePercentage
0.12 pure
CY2024Q1 cbnt Guarantor Obligations Liquidation Proceeds Percentage
GuarantorObligationsLiquidationProceedsPercentage
2.20 pure
CY2024Q1 cbnt Conversion Price Percentage
ConversionPricePercentage
0.65 pure
CY2024Q1 cbnt Discount Rates
DiscountRates
0.35 pure
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
usd
CY2024Q1 us-gaap Paid In Kind Interest
PaidInKindInterest
usd
CY2024Q1 cbnt Stockbased Professional Fee
StockbasedProfessionalFee
usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2024Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2023Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
CY2024Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
CY2023Q1 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
usd
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2024Q1 cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
usd
CY2024Q1 us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
NoncashOrPartNoncashAcquisitionEmployeeBenefitLiabilitiesAssumed1
usd
CY2023Q1 cbnt Reclassification Of Series B Preferred Stock To Additional Paidin Capital
ReclassificationOfSeriesBPreferredStockToAdditionalPaidinCapital
usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
shares
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001421636

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