2023 Q4 Form 10-Q Financial Statement

#000121390023086069 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $227.0K $127.0K
YoY Change
% of Gross Profit
Research & Development $9.000K $145.0K
YoY Change -31.92%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $236.0K $145.0K
YoY Change 290.81%
Operating Profit -$272.0K
YoY Change 633.11%
Interest Expense -$14.00K -$14.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$250.0K -$286.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$250.0K -$286.0K
YoY Change 670.85%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 1.373B shares 1.373B shares 256.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.000K $111.0K
YoY Change
Cash & Equivalents $8.000K $111.0K $107.1K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $51.00K $157.0K $107.1K
YoY Change -52.36% 44.1%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $100.0K $85.00K $74.00K
YoY Change 35.14% 0.0%
Long-Term Investments $110.0K $106.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $272.0K $252.0K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $51.00K $157.0K $107.1K
Total Long-Term Assets $272.0K $252.0K $0.00
Total Assets $323.0K $409.0K $107.1K
YoY Change 201.69% 275.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.0K $74.00K $52.14K
YoY Change 99.45% 170.07% 176.52%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $30.00K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $348.0K $190.0K $55.14K
YoY Change 531.08% -0.21% 192.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $49.00K $49.00K
YoY Change
Total Long-Term Liabilities $49.00K $49.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $348.0K $190.0K $55.14K
Total Long-Term Liabilities $49.00K $49.00K
Total Liabilities $397.0K $239.0K $55.14K
YoY Change 619.93% 25.53% 192.43%
SHAREHOLDERS EQUITY
Retained Earnings -$1.966M -$1.716M -$1.660M
YoY Change 18.45% 5.92% 6.56%
Common Stock $137.0K $1.818M $31.44K
YoY Change 335.74% 6981.09% 22.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$74.00K $170.0K $51.92K
YoY Change
Total Liabilities & Shareholders Equity $323.0K $409.0K $107.1K
YoY Change 201.69% 275.4%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$250.0K -$286.0K
YoY Change 670.85%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$106.0K -$511.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $26.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.000K
YoY Change
Cash From Investing Activities -$26.00K $3.000K
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 30.00K 591.0K
YoY Change
NET CHANGE
Cash From Operating Activities -106.0K -511.0K
Cash From Investing Activities -26.00K 3.000K
Cash From Financing Activities 30.00K 591.0K
Net Change In Cash -102.0K 83.00K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$106.0K -$511.0K
Capital Expenditures $26.00K
Free Cash Flow -$132.0K
YoY Change

Facts In Submission

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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"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</span></td> <td style="text-align: justify"><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 0 0pt 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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.</span></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"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">f.</span></td> <td style="text-align: justify"><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 0 0pt 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company, have no off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other foreign hedging arrangements.</span></p>
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InvestmentInAffiliatedBalanceEnding
106000 usd
CY2023Q3 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P20Y
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
74000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
74000 usd
us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
11000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
85000 usd
CY2023Q3 fdoc Total Related Parties
TotalRelatedParties
73000 usd
CY2022Q4 fdoc Total Related Parties
TotalRelatedParties
595000 usd
CY2023Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
550000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.0242 pure
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 was to be repaid in cash or shares, or a combination thereof by 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 remaining Medigus Loan balance will be repaid in cash.
CY2021Q4 fdoc Related Party Fee Expense
RelatedPartyFeeExpense
24700 ils
CY2021Q4 fdoc Related Party Fee Expense
RelatedPartyFeeExpense
7000 usd
CY2021Q4 fdoc Stock Options Percentage
StockOptionsPercentage
0.03 pure
CY2021Q4 us-gaap Deferred Taxes Business Combination Valuation Allowance Allocated To Contributed Capital
DeferredTaxesBusinessCombinationValuationAllowanceAllocatedToContributedCapital
10000000 usd
fdoc Chief Executive Officer Income
ChiefExecutiveOfficerIncome
63000 usd
fdoc Chief Executive Officer Income
ChiefExecutiveOfficerIncome
66000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2990000000 shares
CY2023Q3 fdoc Common Stock Shares Issued And Outstanding
CommonStockSharesIssuedAndOutstanding
1372656029 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2990000000 shares
CY2022Q4 fdoc Common Stock Shares Issued And Outstanding
CommonStockSharesIssuedAndOutstanding
27273 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 fdoc Percentage Of Shares Issued And Outstanding
PercentageOfSharesIssuedAndOutstanding
0.7288 pure
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
CY2023Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
501000 usd
CY2023Q2 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
205898404 shares
us-gaap Conversion Of Stock Description
ConversionOfStockDescription
(i) change its name to Charging Robotics Inc. (the “Name Change”); and (ii) effect a one-for-one hundred fifty reverse stock split (the “Reverse Stock Split”) of its outstanding shares of Common Stock.
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
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0048 pure
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022Q1 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
9000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000 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
CY2023Q3 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
CY2023Q3 us-gaap Notes Payable Current
NotesPayableCurrent
73000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20000 usd
fdoc Effect Of Reverses Merger
EffectOfReversesMerger
usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2022Q3 fdoc Effect Of Changes In Foreign Exchange Rates
EffectOfChangesInForeignExchangeRates
usd
fdoc Franchise Taxes
FranchiseTaxes
usd
fdoc Franchise Taxes
FranchiseTaxes
usd
fdoc Investment In Intangible Asset
InvestmentInIntangibleAsset
usd
CY2022 us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
usd
CY2023Q3 fdoc Preferred Shares Issued And Outstanding
PreferredSharesIssuedAndOutstanding
shares
CY2022Q4 fdoc Preferred Shares Issued And Outstanding
PreferredSharesIssuedAndOutstanding
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
shares
CY2023Q3 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
Q3
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
00000
dei Entity Central Index Key
EntityCentralIndexKey
0001459188

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