2024 Q3 Form 10-Q Financial Statement

#000147793224004807 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $4.540M $1.863M $4.158M
YoY Change 388.04% -55.19% 1656.78%
Cost Of Revenue $4.632M $2.581M $3.083M
YoY Change 563.44% -16.29% 1489.78%
Gross Profit -$92.41K -$717.9K $1.075M
YoY Change -139.83% -166.79% 2414.52%
Gross Profit Margin -2.04% -38.53% 25.85%
Selling, General & Admin $1.364M $1.410M
YoY Change -3.29% 110.34%
% of Gross Profit 131.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.17K $16.76K
YoY Change 449.94% 10.55%
% of Gross Profit 1.56%
Operating Expenses $1.578M $1.755M $1.460M
YoY Change -13.34% 20.18% 1.08%
Operating Profit -$1.670M -$2.473M -$385.6K
YoY Change 5.14% 541.41% -72.5%
Interest Expense $20.32K $173.3K $156.9K
YoY Change -88.91% 10.44% 317.03%
% of Operating Profit
Other Income/Expense, Net -$624.3K -$19.75M -$1.184M
YoY Change -65.22% 1568.61% 295.54%
Pretax Income -$22.23M -$1.569M
YoY Change 1316.24% -7.76%
Income Tax
% Of Pretax Income
Net Earnings -$2.294M -$22.23M -$1.569M
YoY Change -32.19% 1316.25% -7.76%
Net Earnings / Revenue -50.54% -1192.85% -37.74%
Basic Earnings Per Share -$0.50 -$0.04
Diluted Earnings Per Share -$0.04 -$0.50 -$0.04
COMMON SHARES
Basic Shares Outstanding 57.86M shares 40.12M shares 35.35M shares
Diluted Shares Outstanding 61.51M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $255.3K $1.108M
YoY Change -76.96% 167.07%
Cash & Equivalents $318.0K $255.3K $1.108M
Short-Term Investments
Other Short-Term Assets $1.167M $664.2K
YoY Change 75.68% 30.48%
Inventory
Prepaid Expenses
Receivables $67.69K $191.1K $385.6K
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.347M $2.053M $2.158M
YoY Change 7.51% -4.85% 34.06%
LONG-TERM ASSETS
Property, Plant & Equipment $82.45K $216.1K $98.20K
YoY Change -28.29% 120.1%
Goodwill $762.9K $762.9K $762.9K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $922.8K $1.559M $1.768M
YoY Change -45.76% -11.81% 55.94%
TOTAL ASSETS
Total Short-Term Assets $4.347M $2.053M $2.158M
Total Long-Term Assets $922.8K $1.559M $1.768M
Total Assets $5.270M $3.612M $3.926M
YoY Change -8.27% -7.99% 43.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.392M $3.058M $1.019M
YoY Change 2533.5% 200.05% 39.02%
Accrued Expenses $836.4K $909.7K $1.314M
YoY Change 8.25% -30.77% 461.93%
Deferred Revenue
YoY Change
Short-Term Debt $1.475M $1.486M
YoY Change -0.79% 47.31%
Long-Term Debt Due $189.9K
YoY Change
Total Short-Term Liabilities $9.907M $6.283M $4.174M
YoY Change 33.71% 50.53% 30.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $555.7K
YoY Change -100.0% 2624.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $555.7K
YoY Change -100.0% 2624.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.907M $6.283M $4.174M
Total Long-Term Liabilities $0.00 $555.7K
Total Liabilities $9.907M $6.283M $4.730M
YoY Change 22.42% 32.84% 47.48%
SHAREHOLDERS EQUITY
Retained Earnings -$50.05M -$47.76M -$13.25M
YoY Change 200.95% 260.5% 250.45%
Common Stock $7.827K $5.786K $3.615K
YoY Change 116.33% 60.06% 2.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.637M -$2.670M -$803.5K
YoY Change
Total Liabilities & Shareholders Equity $5.270M $3.612M $3.926M
YoY Change -8.27% -7.99% 43.1%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$2.294M -$22.23M -$1.569M
YoY Change -32.19% 1316.25% -7.76%
Depreciation, Depletion And Amortization $92.17K $16.76K
YoY Change 449.94% 10.55%
Cash From Operating Activities -$1.401M $1.286M
YoY Change -209.0% -312.27%
INVESTING ACTIVITIES
Capital Expenditures $33.50K $434.3K
YoY Change -92.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$33.50K -$434.3K
YoY Change -92.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.588M 64.15K
YoY Change 2376.06%
NET CHANGE
Cash From Operating Activities -1.401M 1.286M
Cash From Investing Activities -33.50K -434.3K
Cash From Financing Activities 1.588M 64.15K
Net Change In Cash 153.6K 915.4K
YoY Change -83.22% -251.15%
FREE CASH FLOW
Cash From Operating Activities -$1.401M $1.286M
Capital Expenditures $33.50K $434.3K
Free Cash Flow -$1.435M $851.2K
YoY Change -268.55%

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CY2024Q2 cipi Issuance Of Shares And Warrants For The Settlement Of Liabilities Amount
IssuanceOfSharesAndWarrantsForTheSettlementOfLiabilitiesAmount
24670109 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
353020 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-22225666 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-2670361 usd
us-gaap Profit Loss
ProfitLoss
-26702108 usd
us-gaap Profit Loss
ProfitLoss
-4979690 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
184351 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
62643 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3938620 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2088129 usd
cipi Stock Issued For Services
StockIssuedForServices
0 usd
cipi Stock Issued For Services
StockIssuedForServices
147812 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1799076 usd
us-gaap Share Based Compensation
ShareBasedCompensation
584375 usd
cipi Financing Costs Discount Amount
FinancingCostsDiscountAmount
40000 usd
cipi Financing Costs Discount Amount
FinancingCostsDiscountAmount
4156291 usd
cipi Loss On Liabilities Settlement
LossOnLiabilitiesSettlement
16861344 usd
cipi Loss On Liabilities Settlement
LossOnLiabilitiesSettlement
0 usd
cipi Changes In Fair Value Of Derivative Liability
ChangesInFairValueOfDerivativeLiability
0 usd
cipi Changes In Fair Value Of Derivative Liability
ChangesInFairValueOfDerivativeLiability
3107808 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
217715 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-386541 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
298615 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-156123 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-268269 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2863944 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-50683 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
201405 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
121158 usd
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-1538966 usd
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
257761 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2677283 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-689666 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68196 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68196 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1437015 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
250000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1804950 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
98625 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
70620 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1588390 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1734330 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1157089 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1044664 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1412379 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96308 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
255290 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1140972 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Interest Paid
InterestPaid
183689 usd
us-gaap Interest Paid
InterestPaid
70274 usd
cipi Non Cash Shares Issued For Settlement Of Accrued Interest
NonCashSharesIssuedForSettlementOfAccruedInterest
38382 usd
cipi Non Cash Shares Issued For Settlement Of Accrued Interest
NonCashSharesIssuedForSettlementOfAccruedInterest
7589 usd
cipi Non Cash Discount On Notes Payable From Issuance Of Warrants
NonCashDiscountOnNotesPayableFromIssuanceOfWarrants
353272 usd
cipi Non Cash Discount On Notes Payable From Issuance Of Warrants
NonCashDiscountOnNotesPayableFromIssuanceOfWarrants
0 usd
cipi Non Cash Discount On Convertible Notes Payable From Issuance Of Warrants
NonCashDiscountOnConvertibleNotesPayableFromIssuanceOfWarrants
118356 usd
cipi Non Cash Discount On Convertible Notes Payable From Issuance Of Warrants
NonCashDiscountOnConvertibleNotesPayableFromIssuanceOfWarrants
0 usd
cipi Noncashdiscount On Notes Payable From Issuance Of Common Stock
NoncashdiscountOnNotesPayableFromIssuanceOfCommonStock
232205 usd
cipi Noncashdiscount On Notes Payable From Issuance Of Common Stock
NoncashdiscountOnNotesPayableFromIssuanceOfCommonStock
0 usd
cipi Non Cash Discount On Notes Payable
NonCashDiscountOnNotesPayable
342970 usd
cipi Non Cash Discount On Notes Payable
NonCashDiscountOnNotesPayable
0 usd
cipi Non Cash Discount On Notes Payable From Derivative Liability
NonCashDiscountOnNotesPayableFromDerivativeLiability
0 usd
cipi Non Cash Discount On Notes Payable From Derivative Liability
NonCashDiscountOnNotesPayableFromDerivativeLiability
1563929 usd
cipi Non Cash Discount On Convertible Notes Payable From Derivative Liability
NonCashDiscountOnConvertibleNotesPayableFromDerivativeLiability
0 usd
cipi Non Cash Discount On Convertible Notes Payable From Derivative Liability
NonCashDiscountOnConvertibleNotesPayableFromDerivativeLiability
1804950 usd
cipi Non Cash Accrued Interest Settled Through Note Payable
NonCashAccruedInterestSettledThroughNotePayable
0 usd
cipi Non Cash Accrued Interest Settled Through Note Payable
NonCashAccruedInterestSettledThroughNotePayable
78929 usd
us-gaap Litigation Settlement Interest
LitigationSettlementInterest
0 usd
us-gaap Litigation Settlement Interest
LitigationSettlementInterest
50582 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1003183 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
423061 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
580122 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1003183 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
263119 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
740064 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
159942 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
286852 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
133328 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
580122 usd

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0001477932-24-004807.txt Edgar Link pending
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cipi-20240630.xsd Edgar Link pending
cipi_10q.htm Edgar Link pending
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