2023 Q1 Form 10-K Financial Statement

#000101738623000067 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $102.2K
YoY Change 254.88%
% of Gross Profit
Research & Development $40.00K $682.0K
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $38.83K $102.2K
YoY Change 244.03% 254.94%
Operating Profit -$38.83K -$102.2K
YoY Change 244.03% 254.94%
Interest Expense $5.000K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$102.2K
YoY Change 482.78%
Income Tax
% Of Pretax Income
Net Earnings -$38.20K -$102.2K
YoY Change 238.49% 482.9%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$30.54
Diluted Earnings Per Share $0.00 -$30.54
COMMON SHARES
Basic Shares Outstanding 314.4M shares 256.7M shares 27.27K shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.1K
YoY Change
Cash & Equivalents $3.159K $107.1K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.78K $107.1K $107.1K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $74.00K
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $78.78K $107.1K $107.1K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $78.78K $107.1K $107.1K
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.14K $55.14K
YoY Change 176.52% 192.36%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $65.07K $55.14K $55.14K
YoY Change 192.43% 192.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $65.07K $55.14K $55.14K
Total Long-Term Liabilities $0.00
Total Liabilities $65.07K $55.14K $55.14K
YoY Change 192.43% 192.36%
SHAREHOLDERS EQUITY
Retained Earnings -$1.698M -$1.660M
YoY Change 6.56%
Common Stock $31.44K $31.44K
YoY Change 22.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.72K $51.92K $51.92K
YoY Change
Total Liabilities & Shareholders Equity $78.78K $107.1K $107.1K
YoY Change

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$38.20K -$102.2K
YoY Change 238.49% 482.9%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$28.91K -$65.94K
YoY Change 54.18%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$75.00K -$63.00K
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 $173.0K
YoY Change
NET CHANGE
Cash From Operating Activities -$28.91K -$65.94K
Cash From Investing Activities -$75.00K -$63.00K
Cash From Financing Activities $173.0K
Net Change In Cash -$103.9K $107.1K
YoY Change -8527.01%
FREE CASH FLOW
Cash From Operating Activities -$28.91K -$65.94K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_800_eus-gaap--NatureOfOperations_zoB4ukGhmJq1" style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify"><b>NOTE 1 – NATURE OF OPERATIONS</b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify">Fuel Doctor Holdings, Inc. (“Fuel Doctor” or the “Company”) was incorporated in the state of Delaware on March 25, 2008 as Silver Hill Management Services, inc. On August 24, 2011, the Company changed its name to Fuel Doctor Holdings, Inc.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify">On January 6, 2022, Amitay Weiss, Asaf Itzhaik and Moshe Revach were appointed to fill existing vacancies on the Company’s Board of Directors in accordance with the written consent of majority of directors dated January 6, 2022. None of the newly appointed Directors had a prior relationship with the Company. In addition, on January 6, 2022, Amitay Weiss was appointed as the Chief Executive Officer of the Company and on January 26, 2022, Gadi Levin was appointed Chief Financial Officer of the Company.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 5pt 41.2pt 5pt 16.2pt">On January 7, 2022, Deanna Johnson resigned as an officer and as a director of the Company.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify">On March 11, 2022, Medigus Ltd, an Israeli company traded on NASDAQ (“Medigus”), Charging Robotics Ltd, a wholly owned subsidiary of Medigus (“Charging Robotics”) and the Company signed a non-binding letter of intent for a planned securities exchange agreement. The transaction, if executed, will result in Charging Robotics becoming a wholly owned subsidiary of the Company, and in exchange, Medigus will receive 80% of the issued and outstanding shares of common stock of the Company. Upon closing, Medigus will appoint nominees as officers and directors of the Company. As of the closing, the Company is required to have net cash in an amount of no less than $1.0 million, excluding the Company’s expenses in connection with the contemplated transaction. As of the date of these financial statements this transaction has not been consummated.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify"> </p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify">Charging Robotics is a pre-revenue start-up Israeli private company and has set out to change the way electric vehicles are charged. They are developing a robotic platform for charging vehicles in a wireless and automatic manner. At the heart of the technology is a wireless power transfer module that uses resonance coils to transfer energy wirelessly from the robot to the vehicle. The robotic platform is small enough to fit under the vehicle, it automatically positions itself for maximum efficiency charging and returns to its docking station at the end of the charging operation.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 41.2pt 0 16.2pt; text-align: justify; text-indent: 0.5in"> </p>
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