2022 Q3 Form 10-Q Financial Statement

#000149315222022715 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.683K $1.104K $300.00
YoY Change 77.16% 17.57% 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $6.679K $7.187K $275.0K
YoY Change -97.07% 103.37% 203.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $112.7K $190.5K $0.00
YoY Change -59.66% -3.61% -100.0%
Operating Profit -$111.0K -$189.4K -$275.9K
YoY Change -60.12% -4.2%
Interest Expense -$6.850K -$58.36K -$8.920K
YoY Change 29.0% 1015.87% 72.53%
% of Operating Profit
Other Income/Expense, Net -$6.848K -$163.4K -$27.01K
YoY Change 3024.13%
Pretax Income -$117.8K -$352.8K -$302.9K
YoY Change -58.76% 74.68% 195.1%
Income Tax
% Of Pretax Income
Net Earnings -$117.8K -$352.8K -$302.9K
YoY Change -58.76% 74.68% 195.09%
Net Earnings / Revenue -7001.13% -31957.07% -100973.67%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share -$1.126K -$4.077K -$3.500K
COMMON SHARES
Basic Shares Outstanding 101.2M shares
Diluted Shares Outstanding 104.6M shares 86.54M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.67K $16.81K $52.62K
YoY Change 1047.48% -82.91% 65.06%
Cash & Equivalents $38.67K $16.81K $52.62K
Short-Term Investments
Other Short-Term Assets $61.52K $19.78K $138.8K
YoY Change -82.04% -95.85% 19725.71%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $100.2K $36.60K $191.4K
YoY Change -71.06% -93.64% 487.48%
LONG-TERM ASSETS
Property, Plant & Equipment $211.8K $136.6K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $211.8K $136.6K $109.9K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $100.2K $36.60K $191.4K
Total Long-Term Assets $211.8K $136.6K $109.9K
Total Assets $311.9K $173.2K $301.3K
YoY Change -9.89% -69.91% 824.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.04K $61.97K $80.05K
YoY Change -31.46% -16.27% -12.75%
Accrued Expenses $45.86K $39.02K $32.84K
YoY Change 116.02% 145.1% 206.92%
Deferred Revenue $0.00 $0.00
YoY Change
Short-Term Debt $135.0K $185.0K $220.0K
YoY Change -34.94% -5.13% 18.92%
Long-Term Debt Due $2.090K $2.090K $1.390K
YoY Change
Total Short-Term Liabilities $223.0K $614.7K $661.0K
YoY Change -22.34% 115.75% 129.94%
LONG-TERM LIABILITIES
Long-Term Debt $130.9K $81.24K $107.5K
YoY Change 275.04% 128.2% 201.85%
Other Long-Term Liabilities $163.3K $163.3K
YoY Change
Total Long-Term Liabilities $130.9K $244.6K $270.8K
YoY Change 275.03% 586.99% 660.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.0K $614.7K $661.0K
Total Long-Term Liabilities $130.9K $244.6K $270.8K
Total Liabilities $353.9K $859.3K $931.7K
YoY Change 9.88% 168.09% 188.43%
SHAREHOLDERS EQUITY
Retained Earnings -$7.028M -$6.910M
YoY Change
Common Stock $109.9K $97.67K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.00K $50.00K
YoY Change
Treasury Stock Shares
Shareholders Equity -$41.93K -$686.1K -$630.5K
YoY Change
Total Liabilities & Shareholders Equity $311.9K $173.2K $301.3K
YoY Change -9.89% -69.91% 824.77%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$117.8K -$352.8K -$302.9K
YoY Change -58.76% 74.68% 195.09%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$162.6K -$88.53K -$88.59K
YoY Change 3.58% -42.32% -17.87%
INVESTING ACTIVITIES
Capital Expenditures -$75.15K -$26.72K -$109.9K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$75.15K -$26.72K -$109.9K
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 259.7K 79.45K 196.8K
YoY Change 318.79% -63.89% 74.16%
NET CHANGE
Cash From Operating Activities -162.6K -88.53K -88.59K
Cash From Investing Activities -75.15K -26.72K -109.9K
Cash From Financing Activities 259.7K 79.45K 196.8K
Net Change In Cash 21.86K -35.80K -1.680K
YoY Change -123.01% -153.83%
FREE CASH FLOW
Cash From Operating Activities -$162.6K -$88.53K -$88.59K
Capital Expenditures -$75.15K -$26.72K -$109.9K
Free Cash Flow -$87.49K -$61.81K $21.30K
YoY Change -44.28%

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-201975 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
255066 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
50200 usd
CY2021Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
35765 usd
CY2021Q4 CLOQ Stock To Be Issued During Period Value
StockToBeIssuedDuringPeriodValue
100000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
92400 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-497345 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-35027 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
97500 usd
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000 usd
CY2022Q1 CLOQ Stock To Be Issued During Period Value
StockToBeIssuedDuringPeriodValue
50000 usd
CY2022Q1 CLOQ Stock Redeemed During Period Value
StockRedeemedDuringPeriodValue
540000 usd
CY2022Q1 CLOQ Stock Issued During Period Value Preferred Stock Redeemed For Officers Settlement
StockIssuedDuringPeriodValuePreferredStockRedeemedForOfficersSettlement
10 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-302921 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-630458 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
54975 usd
CY2022Q2 CLOQ Common Stock Issued For Settlement Of Debt
CommonStockIssuedForSettlementOfDebt
140000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
52186 usd
CY2022Q2 CLOQ Retirement Of Convertible Debt
RetirementOfConvertibleDebt
50000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-352806 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-352806 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-686103 usd
us-gaap Net Income Loss
NetIncomeLoss
-655729 usd
us-gaap Net Income Loss
NetIncomeLoss
-304628 usd
CLOQ Amortization Of Debt Discount
AmortizationOfDebtDiscount
50000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
289375 usd
us-gaap Share Based Compensation
ShareBasedCompensation
62708 usd
CLOQ Loss On Settlement Of Payable
LossOnSettlementOfPayable
4218 usd
CLOQ Loss On Settlement With Officer And Director
LossOnSettlementWithOfficerAndDirector
18086 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
105000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
300 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-1051 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
1415 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
313 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-32330 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
14782 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
10400 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-177122 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-261347 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
136610 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-136610 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
202475 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
230000 usd
CLOQ Proceeds From Issuance Of Commonstock To Be Issued
ProceedsFromIssuanceOfCommonstockToBeIssued
93000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1225 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
125000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
10000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
276250 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
333000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-37482 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
71653 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
54295 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26741 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16813 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
98394 usd
us-gaap Stock Issued1
StockIssued1
100000 usd
us-gaap Stock Issued1
StockIssued1
537500 usd
CLOQ Common Stock Issued For Accrued Expense
CommonStockIssuedForAccruedExpense
5000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
490000 usd
us-gaap Notes Issued1
NotesIssued1
35000 usd
CLOQ Common Stock To Be Issued For Note Payable
CommonStockToBeIssuedForNotePayable
52186 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zCBbMiQjy9J6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_865_zA1bRPyM58sh">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the year reported. Actual results may differ from these estimates. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
0 usd
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
0 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2155 usd
CY2020 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
321725 usd
CY2022Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
136610 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 usd
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0 usd
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
540000 usd
us-gaap Advertising Expense
AdvertisingExpense
0 usd
us-gaap Advertising Expense
AdvertisingExpense
2920 usd
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
5400000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2186 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
35000 usd
CY2020Q2 us-gaap Payments For Rent
PaymentsForRent
426 usd
CY2020Q2 us-gaap Payments For Deposits
PaymentsForDeposits
500 usd
CY2020Q3 us-gaap Payments For Rent
PaymentsForRent
639 usd
CY2020Q3 us-gaap Payments For Deposits
PaymentsForDeposits
200 usd
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
730 usd
CY2021Q2 us-gaap Payments For Deposits
PaymentsForDeposits
1415 usd
CY2022Q2 us-gaap Payments For Deposits
PaymentsForDeposits
719 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-105000 usd
CLOQ Stock Issued During Period Shares Commonstock
StockIssuedDuringPeriodSharesCommonstock
1000000 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
430000 usd
CLOQ Stock To Be Issued During Period Value Issued For Services
StockToBeIssuedDuringPeriodValueIssuedForServices
107500 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
250000 shares
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
CY2022Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
50000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
10000 shares
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
136610 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
0 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
0 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6909801 usd
us-gaap Net Income Loss
NetIncomeLoss
-655729 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
10000 shares
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
10 usd
CY2022Q1 us-gaap Severance Costs1
SeveranceCosts1
50000 usd
CY2022Q1 CLOQ Gain Loss On Severance Costs
GainLossOnSeveranceCosts
18076 usd
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
CY2022Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
50000 usd
CY2022Q1 us-gaap Litigation Reserve
LitigationReserve
490000 usd
CY2020Q2 us-gaap Payments For Rent
PaymentsForRent
426 usd
CY2020Q2 us-gaap Payments For Deposits
PaymentsForDeposits
500 usd
CY2020Q2 us-gaap Payments For Rent
PaymentsForRent
426 usd
CY2020Q3 us-gaap Payments For Rent
PaymentsForRent
639 usd
CY2020Q3 us-gaap Payments For Deposits
PaymentsForDeposits
200 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
719 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
35000 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
45000 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
200000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
150000 usd
CY2022Q3 CLOQ Principal Amount Outstanding
PrincipalAmountOutstanding
50000 usd

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