2024 Q4 Form 10-Q Financial Statement

#000121390024098382 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $659.9K
YoY Change -18.93%
Cost Of Revenue $381.8K
YoY Change 10.14%
Gross Profit $278.1K
YoY Change -40.49%
Gross Profit Margin 42.15%
Selling, General & Admin $630.0K
YoY Change 10.53%
% of Gross Profit 226.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.08K
YoY Change 30.4%
% of Gross Profit 9.38%
Operating Expenses $641.2K
YoY Change 10.17%
Operating Profit -$363.1K
YoY Change 216.72%
Interest Expense -$88.45K
YoY Change -250.71%
% of Operating Profit
Other Income/Expense, Net -$309.7K
YoY Change 526.39%
Pretax Income -$672.7K
YoY Change 320.46%
Income Tax
% Of Pretax Income
Net Earnings -$672.7K
YoY Change 310.03%
Net Earnings / Revenue -101.95%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 596.3M shares 550.5M shares
Diluted Shares Outstanding 545.3M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.67K
YoY Change -98.08%
Cash & Equivalents $21.67K
Short-Term Investments
Other Short-Term Assets $86.44K
YoY Change 188.13%
Inventory $146.4K
Prepaid Expenses
Receivables $226.6K
Other Receivables $21.96K
Total Short-Term Assets $586.6K
YoY Change -62.13%
LONG-TERM ASSETS
Property, Plant & Equipment $176.5K
YoY Change -4.0%
Goodwill $350.5K
YoY Change 0.0%
Intangibles $191.5K
YoY Change -20.87%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $831.8K
YoY Change -12.37%
TOTAL ASSETS
Total Short-Term Assets $586.6K
Total Long-Term Assets $831.8K
Total Assets $1.418M
YoY Change -43.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $812.6K
YoY Change 12.14%
Accrued Expenses $379.5K
YoY Change -6.53%
Deferred Revenue $130.5K
YoY Change -4.38%
Short-Term Debt $654.1K
YoY Change -36.5%
Long-Term Debt Due $271.6K
YoY Change 239.55%
Total Short-Term Liabilities $2.373M
YoY Change -15.98%
LONG-TERM LIABILITIES
Long-Term Debt $1.829M
YoY Change 2948.73%
Other Long-Term Liabilities $53.04K
YoY Change -51.78%
Total Long-Term Liabilities $1.882M
YoY Change 987.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.373M
Total Long-Term Liabilities $1.882M
Total Liabilities $4.255M
YoY Change 41.96%
SHAREHOLDERS EQUITY
Retained Earnings -$62.09M
YoY Change 3.77%
Common Stock $545.3K
YoY Change 2.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.988M
YoY Change
Total Liabilities & Shareholders Equity $1.418M
YoY Change -43.22%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$672.7K
YoY Change 310.03%
Depreciation, Depletion And Amortization $26.08K
YoY Change 30.4%
Cash From Operating Activities -$324.5K
YoY Change 1.4%
INVESTING ACTIVITIES
Capital Expenditures $42.16K
YoY Change -61.67%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$42.16K
YoY Change -61.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 192.0K
YoY Change 219.97%
NET CHANGE
Cash From Operating Activities -324.5K
Cash From Investing Activities -42.16K
Cash From Financing Activities 192.0K
Net Change In Cash -174.6K
YoY Change -52.8%
FREE CASH FLOW
Cash From Operating Activities -$324.5K
Capital Expenditures $42.16K
Free Cash Flow -$366.6K
YoY Change -14.74%

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CY2023Q3 cbnt Stock Issued During Period Value For Professional Fees
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Convertible Debt
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222750 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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1036038 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
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cbnt Common Stock Issued As Prepaid For Services
CommonStockIssuedAsPrepaidForServices
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us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
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78000 usd
cbnt Preferred Stock Issued For Accrued Compensation
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cbnt Preferred Stock Issued For Accrued Compensation
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cbnt Preferred Stock Dividend Accrued
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cbnt Preferred Stock Dividend Accrued
PreferredStockDividendAccrued
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cbnt Conversion Of Series C Preferred Stock To Common Stock
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cbnt Conversion Of Series C Preferred Stock To Common Stock
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us-gaap Debt Conversion Converted Instrument Amount1
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cbnt Reclassification Of Series B Preferred Stock To Additional Paidin Capital
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cbnt Reclassification Of Series C Preferred To Notes Payable
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us-gaap Conversion Of Stock Amount Issued1
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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 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. Prior to May 8, 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<sup>TM</sup> product line and related technologies were sold (see Note 16), the Company has operated 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-resistant 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 Exchange Agreement as amended, or 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 at 5:00 P.M. EST on the date that is 30 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<sup>TM</sup> 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>
CY2023Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
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ProfitLoss
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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
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CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q3 cbnt Working Capital
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of 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 unaudited 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, 2024 and 2023 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><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2024Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 pure
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CY2023Q4 us-gaap Other Accrued Liabilities Current
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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us-gaap Advertising Expense
AdvertisingExpense
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us-gaap Advertising Expense
AdvertisingExpense
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
524747583 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
541386297 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
478703698 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
545253623 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
524747583 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
541386297 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2355294011 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1919036011 shares
CY2023Q2 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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CY2024Q3 us-gaap Accounts Receivable Net Current
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us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2024Q3 us-gaap Inventory Finished Goods
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CY2023Q4 us-gaap Inventory Finished Goods
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181663 usd
CY2024Q3 us-gaap Inventory Net
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146437 usd
CY2023Q4 us-gaap Inventory Net
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181663 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
296324 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
254167 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
119788 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
82561 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
176536 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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us-gaap Depreciation
Depreciation
37227 usd
us-gaap Depreciation
Depreciation
26075 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
352516 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
352516 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
160979 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
191537 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
229414 usd
CY2024Q3 us-gaap Goodwill
Goodwill
350491 usd
CY2023Q4 us-gaap Goodwill
Goodwill
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
41034 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91537 usd
CY2024Q3 cbnt Outstanding Principal Balance Rate
OutstandingPrincipalBalanceRate
1.25 pure
CY2024Q3 cbnt Accrued Interest Rate Per Anum
AccruedInterestRatePerAnum
0.18 pure
cbnt Debt Instrument Trading Days
DebtInstrumentTradingDays
P10D
CY2024Q3 us-gaap Derivative Net Assets Percentage
DerivativeNetAssetsPercentage
0.50 pure
cbnt Future Financings Percentage
FutureFinancingsPercentage
0.30 pure
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.18 pure
CY2023Q4 cbnt Aggregate Payment
AggregatePayment
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cbnt Gross Proceeds
GrossProceeds
0.20 pure
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
120000 usd
CY2023Q4 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
15000 usd
CY2024Q1 cbnt Principal And Accrued Interest
PrincipalAndAccruedInterest
0.20 pure
CY2024Q2 cbnt Principal And Accrued Interest
PrincipalAndAccruedInterest
0.15 pure
CY2024Q3 cbnt Principal And Accrued Interest
PrincipalAndAccruedInterest
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CY2024Q3 us-gaap Deposit Liabilities Accrued Interest
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CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
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CY2023Q1 cbnt Stock Issued During Period Value For Accrued Compensation
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
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CY2023Q3 us-gaap Stock Issued During Period Value New Issues
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CY2023 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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CY2024Q2 us-gaap Conversion Of Stock Shares Converted1
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CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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CY2024Q1 us-gaap Conversion Of Stock Shares Converted1
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CY2024Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
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CY2017Q4 cbnt Common Stock Shares Acquired
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0.31
CY2017Q4 cbnt Stock Options Shares Issued
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CY2023 us-gaap Equity Method Investment Sold Carrying Amount
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162000 usd
CY2024Q1 us-gaap Accrued Bonuses Current And Noncurrent
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CY2016Q4 us-gaap Shares Issued Price Per Share
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CY2016Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0.85
cbnt Issued Percentage
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cbnt Outstanding Percentage
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0.20 pure
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us-gaap Number Of Reportable Segments
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CY2024Q3 us-gaap Revenues
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CY2023Q3 us-gaap Revenues
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CY2024Q3 us-gaap Other Depreciation And Amortization
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CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
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CY2024Q3 us-gaap Interest And Debt Expense
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CY2023Q3 us-gaap Interest And Debt Expense
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CY2024Q3 us-gaap Profit Loss
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CY2024Q3 us-gaap Property Plant And Equipment Net
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2019Q4 us-gaap Lessee Operating Lease Remaining Lease Term
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P18M
CY2020 us-gaap Payments For Rent
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us-gaap Payments For Rent
PaymentsForRent
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CY2021Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P1Y
CY2022 us-gaap Payments For Rent
PaymentsForRent
5283 usd
us-gaap Payments For Rent
PaymentsForRent
5600 usd
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
365 usd
CY2022Q1 us-gaap Payments For Rent
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us-gaap Operating Lease Payments
OperatingLeasePayments
16800 usd
us-gaap Operating Lease Payments
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84701 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P1Y9M18D
us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.115 pure
CY2024Q3 cbnt Office Leases And Office Equipment Right Of Use Assets
OfficeLeasesAndOfficeEquipmentRightOfUseAssets
279162 usd
CY2023Q4 cbnt Office Leases And Office Equipment Right Of Use Assets
OfficeLeasesAndOfficeEquipmentRightOfUseAssets
279162 usd
CY2024Q3 cbnt Operating Lease Right Of Use Asset Amortization Accumulated Amortization
OperatingLeaseRightOfUseAssetAmortizationAccumulatedAmortization
165957 usd
CY2023Q4 cbnt Operating Lease Right Of Use Asset Amortization Accumulated Amortization
OperatingLeaseRightOfUseAssetAmortizationAccumulatedAmortization
120678 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
113205 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
158484 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
113205 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
157752 usd
CY2024Q3 us-gaap Operating Lease Liability Current
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60166 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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60503 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
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53039 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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97249 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
70351 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
56000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
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126351 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q3 us-gaap Operating Lease Liability
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us-gaap Costs And Expenses Related Party
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CY2023Q1 us-gaap Payments For Purchase Of Other Assets1
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us-gaap Proceeds From Other Debt
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CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
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4051709 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q3 us-gaap Preferred Stock Value
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CY2024Q3 us-gaap Gain Loss On Disposition Of Assets1
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CY2024Q3 us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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us-gaap Other Noncash Expense
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cbnt Stockbased Professional Fees
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cbnt Noncash Compensation Claw Back
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us-gaap Increase Decrease In Due To Related Parties
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us-gaap Proceeds From Sale Of Productive Assets
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Repayments Of Related Party Debt
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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cbnt Common Stock Issued As Prepaid For Services
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us-gaap Noncash Or Part Noncash Acquisition Employee Benefit Liabilities Assumed1
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cbnt Reclassification Of Series B Preferred Stock To Additional Paidin Capital
ReclassificationOfSeriesBPreferredStockToAdditionalPaidinCapital
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cbnt Reclassification Of Series C Preferred To Notes Payable
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us-gaap Conversion Of Stock Amount Issued1
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CY2024Q3 us-gaap Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
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CY2023Q3 us-gaap Convertible Preferred Dividends Net Of Tax
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us-gaap Convertible Preferred Dividends Net Of Tax
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CY2024Q3 us-gaap Interest On Convertible Debt Net Of Tax
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CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
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us-gaap Interest On Convertible Debt Net Of Tax
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CY2023Q4 us-gaap Debt Instrument Unamortized Premium
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
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shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001421636

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