$CNNN
ConneXionONE Corp.

2024 Q3 Form 10-Q Financial Statement

#000168316824008033 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q4 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $117.0K $628.0K
YoY Change -81.37% 1524.54%
Operating Profit -$117.0K -$628.0K
YoY Change -81.37% 1524.54%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$117.0K -$628.0K
YoY Change -81.37% 1524.54%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$117.0K -$628.0K
YoY Change -81.37% 1524.54%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 76.57M shares 71.85M shares 71.85M shares
Diluted Shares Outstanding 76.57M shares 71.85M shares

Balance Sheet

Concept 2024 Q3 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $264.00 $725.00 $834.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables $0.00 $442.0K $442.0K
Total Short-Term Assets $264.00 $442.7K $442.8K
YoY Change -99.94% 14.98% 34.11%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $647.0K $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $647.0K $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $264.00 $442.7K $442.8K
Total Long-Term Assets $647.0K $0.00 $0.00
Total Assets $647.3K $442.7K $442.8K
YoY Change 46.16% 14.98% 34.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.634M $1.141M $879.1K
YoY Change 85.84% 53.69% 32.43%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $1.003M $1.003M $1.003M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $1.003M $1.003M $1.003M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.634M $1.141M $879.1K
Total Long-Term Liabilities $1.003M $1.003M $1.003M
Total Liabilities $2.636M $2.143M $1.882M
YoY Change 40.1% 22.84% 12.92%
SHAREHOLDERS EQUITY
Retained Earnings -$75.58M -$75.29M -$74.61M
YoY Change 1.3% 1.84% 0.95%
Common Stock $76.57K $76.57K $73.05K
YoY Change 4.82% -99.89% -99.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.989M -$1.701M -$1.439M
YoY Change
Total Liabilities & Shareholders Equity $647.3K $442.7K $442.8K
YoY Change 46.16% 14.98% 34.11%

Cashflow Statement

Concept 2024 Q3 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$117.0K -$628.0K
YoY Change -81.37% 1524.54%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p id="xdx_847_eus-gaap--UseOfEstimates_z32H6pWYGcSb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span style="text-decoration: underline">Use of estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s significant estimates include income taxes provision and valuation allowance of deferred tax assets; the fair value of financial instruments; the carrying value and recoverability of long-lived assets; and the assumption that the Company will continue as a going concern. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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Files In Submission

Name View Source Status
0001683168-24-008033-index-headers.html Edgar Link pending
0001683168-24-008033-index.html Edgar Link pending
0001683168-24-008033.txt Edgar Link pending
0001683168-24-008033-xbrl.zip Edgar Link pending
cnnn-20240930.xsd Edgar Link pending
cnnn_ex3101.htm Edgar Link pending
cnnn_ex3102.htm Edgar Link pending
cnnn_ex3201.htm Edgar Link pending
cnnn_ex3202.htm Edgar Link pending
connexionone_i10q-93024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
cnnn-20240930_cal.xml Edgar Link unprocessable
cnnn-20240930_def.xml Edgar Link unprocessable
cnnn-20240930_lab.xml Edgar Link unprocessable
cnnn-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
connexionone_i10q-93024_htm.xml Edgar Link completed