2023 Q3 Form 10-Q Financial Statement

#000121390023068190 Filed on August 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $127.0K
YoY Change
% of Gross Profit
Research & Development $145.0K $37.00K
YoY Change -31.92% -75.5%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $145.0K $37.00K
YoY Change 290.81% 161.47%
Operating Profit -$272.0K -$181.0K
YoY Change 633.11% 1179.06%
Interest Expense -$14.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$286.0K -$181.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$286.0K -$191.0K
YoY Change 670.85% 1244.6%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 1.373B shares 1.221B shares 256.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $111.0K
YoY Change
Cash & Equivalents $111.0K $254.0K $107.1K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $157.0K $301.0K $107.1K
YoY Change 44.1% 311.34%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $85.00K $85.00K $74.00K
YoY Change 0.0%
Long-Term Investments $106.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $252.0K $279.0K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $157.0K $301.0K $107.1K
Total Long-Term Assets $252.0K $279.0K $0.00
Total Assets $409.0K $580.0K $107.1K
YoY Change 275.4% 692.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.00K $52.14K
YoY Change 170.07% 176.52%
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 $190.0K $138.0K $55.14K
YoY Change -0.21% 17.42% 192.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $49.00K
YoY Change
Total Long-Term Liabilities $49.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $190.0K $138.0K $55.14K
Total Long-Term Liabilities $49.00K
Total Liabilities $239.0K $187.0K $55.14K
YoY Change 25.53% 59.12% 192.43%
SHAREHOLDERS EQUITY
Retained Earnings -$1.716M -$1.504M -$1.660M
YoY Change 5.92% -4.99% 6.56%
Common Stock $1.818M $137.0K $31.44K
YoY Change 6981.09% 433.61% 22.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $170.0K $393.0K $51.92K
YoY Change
Total Liabilities & Shareholders Equity $409.0K $580.0K $107.1K
YoY Change 275.4% 692.61%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income -$286.0K -$191.0K
YoY Change 670.85% 1244.6%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$511.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $3.000K
YoY Change
Cash From Investing Activities $3.000K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $500.5K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 591.0K
YoY Change
NET CHANGE
Cash From Operating Activities -511.0K
Cash From Investing Activities 3.000K
Cash From Financing Activities 591.0K
Net Change In Cash 83.00K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$511.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Period End Date
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2023-06-30
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dei Entity File Number
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dei Entity Registrant Name
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FUEL DOCTOR HOLDINGS, INC.
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20 Raul Wallenberg Street
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Tel Aviv
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify; font-size: 10pt"> </td> <td style="width: 0.25in; text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</span></td> <td style="text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Use of estimates:</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates. As applicable to these financial statements, the most significant estimates and assumptions relate to shares based compensation and Going concern.</p>
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify; font-size: 10pt"></td> <td style="width: 0.25in; text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">f.</span></td> <td style="text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Concentration of credit risks:</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify">Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and restricted bank deposit. Cash and cash equivalents and restricted bank deposit are invested in major banks in Israel and the United States. Such funds in the Israel may be in excess of insured limits and are not insured in other jurisdictions. Management believes that the financial institutions that hold the Company and its subsidiary’ cash and cash equivalents have high credit ratings.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify">The Company, have no off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other foreign hedging arrangements.</p>
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CY2023Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
550 usd
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.0242 pure
CY2023Q1 us-gaap Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
Pursuant to the Medigus Loan Agreement, the interest rate remains unchanged, and the capital and interest will be repaid in cash or shares, or a combination thereof by the earlier of (i) the completion of the Medigus Transaction or (ii) June 30, 2023. On April 4, 2023, the Medigus Loan balance owing was $553. $509 of the Medigus Loan was converted into 28 shares of Charging Robotics and the balance will be repaid in cash.
CY2021Q4 fdoc Monthly Fees
MonthlyFees
24700 ils
CY2021Q4 fdoc Monthly Fees
MonthlyFees
7 usd
CY2021Q4 fdoc Stock Options Percentage
StockOptionsPercentage
0.03 pure
CY2021Q4 us-gaap Deferred Taxes Business Combination Valuation Allowance Allocated To Contributed Capital
DeferredTaxesBusinessCombinationValuationAllowanceAllocatedToContributedCapital
10000 usd
CY2023Q2 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
42 usd
CY2022Q2 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
42 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2990000000 shares
CY2023Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1372656029 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2990000000 shares
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
27273 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3000000000 shares
CY2023Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.0001
CY2023Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
91000 usd
CY2023Q2 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
28 shares
CY2023Q2 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
7636 shares
CY2023Q1 fdoc Percentage Of Shares Issued And Outstanding
PercentageOfSharesIssuedAndOutstanding
0.7288 pure
CY2023Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
501000 usd
CY2022Q1 fdoc Stock Options Granted
StockOptionsGranted
30000 usd
CY2022Q1 us-gaap Share Price
SharePrice
7410
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0048 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.75 pure
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8333
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
22 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6818
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
18 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8333
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
22 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
18 shares
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
usd
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
usd
CY2023Q2 us-gaap Other General Expense
OtherGeneralExpense
usd
CY2022Q2 us-gaap Other General Expense
OtherGeneralExpense
usd
us-gaap Other General Expense
OtherGeneralExpense
usd
us-gaap Other General Expense
OtherGeneralExpense
usd
us-gaap Interest Income Interest Earning Asset
InterestIncomeInterestEarningAsset
usd
fdoc Grant Of Loan To Shareholder
GrantOfLoanToShareholder
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2022Q2 fdoc Effect Of Changes In Foreign Exchange Rates
EffectOfChangesInForeignExchangeRates
usd
CY2022Q2 fdoc Effect Of Reverse Mergers
EffectOfReverseMergers
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Stock Issued1
StockIssued1
usd
us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
usd
CY2022 us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
usd
CY2023Q2 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
shares
CY2022Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
00000
dei Entity Central Index Key
EntityCentralIndexKey
0001459188

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0001213900-23-068190.txt Edgar Link pending
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f10q0623ex31-1_fueldoctor.htm Edgar Link pending
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f10q0623_fueldoctor.htm Edgar Link pending
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