2023 Q3 Form 10-Q Financial Statement

#000147793223006142 Filed on August 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $12.82M $12.36M
YoY Change 6.72% -6.4%
Cost Of Revenue $11.61M $11.42M
YoY Change 13.46% 0.47%
Gross Profit $1.215M $946.8K
YoY Change -31.9% -48.71%
Gross Profit Margin 9.47% 7.66%
Selling, General & Admin $2.731M $2.318M
YoY Change 89.77% 87.88%
% of Gross Profit 224.81% 244.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.9K $79.16K
YoY Change 50.11% -1.75%
% of Gross Profit 10.28% 8.36%
Operating Expenses $4.232M $3.523M
YoY Change 98.87% 83.48%
Operating Profit -$3.017M -$2.576M
YoY Change 776.84% 3364.71%
Interest Expense $151.3K $244.1K
YoY Change -67.25% -56.45%
% of Operating Profit
Other Income/Expense, Net -$397.8K $1.688M
YoY Change -67.68% -245.86%
Pretax Income -$3.415M -$888.4K
YoY Change 116.87% -27.87%
Income Tax $65.87K -$93.17K
% Of Pretax Income
Net Earnings -$3.349M -$981.5K
YoY Change 69.77% -20.92%
Net Earnings / Revenue -26.12% -7.94%
Basic Earnings Per Share -$0.27 -$0.09
Diluted Earnings Per Share -$0.27 -$0.09
COMMON SHARES
Basic Shares Outstanding 10.62M shares 10.62M shares
Diluted Shares Outstanding 12.59M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.378M $2.252M
YoY Change 637.71% 293.24%
Cash & Equivalents $2.361M $2.233M
Short-Term Investments $17.53K $19.20K
Other Short-Term Assets $8.736M $10.23M
YoY Change 25.63% 47.38%
Inventory $5.960M $4.799M
Prepaid Expenses
Receivables $25.59M $23.57M
Other Receivables $812.0K $868.8K
Total Short-Term Assets $46.49M $44.21M
YoY Change 19.66% 10.52%
LONG-TERM ASSETS
Property, Plant & Equipment $10.25M $10.69M
YoY Change 606.9% 559.89%
Goodwill $49.70K $49.70K
YoY Change 0.0% 0.0%
Intangibles $4.016M $3.732M
YoY Change 534.7% 439.87%
Long-Term Investments
YoY Change
Other Assets $2.600M $1.222M
YoY Change 139.22% -22.86%
Total Long-Term Assets $25.04M $24.38M
YoY Change 269.73% 210.9%
TOTAL ASSETS
Total Short-Term Assets $46.49M $44.21M
Total Long-Term Assets $25.04M $24.38M
Total Assets $71.53M $68.59M
YoY Change 56.78% 43.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.74M $11.71M
YoY Change 8.62% 0.04%
Accrued Expenses $82.50K $48.90K
YoY Change -95.89% -96.58%
Deferred Revenue
YoY Change
Short-Term Debt $5.378M $4.750M
YoY Change -36.65% -41.54%
Long-Term Debt Due $1.188M $1.021M
YoY Change -90.48% -91.63%
Total Short-Term Liabilities $22.59M $20.23M
YoY Change -38.8% -43.6%
LONG-TERM LIABILITIES
Long-Term Debt $3.422M $2.823M
YoY Change 1138.98% 795.18%
Other Long-Term Liabilities $321.4K $801.5K
YoY Change -85.12% -64.81%
Total Long-Term Liabilities $321.4K $801.5K
YoY Change 16.34% 154.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.59M $20.23M
Total Long-Term Liabilities $321.4K $801.5K
Total Liabilities $26.96M $24.55M
YoY Change -33.38% -38.14%
SHAREHOLDERS EQUITY
Retained Earnings -$71.04M -$67.67M
YoY Change 30.72% 29.27%
Common Stock $13.07K $10.95K
YoY Change -50.43% -54.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $917.0K $816.7K
YoY Change 12.28% 0.0%
Treasury Stock Shares
Shareholders Equity $44.20M $43.67M
YoY Change
Total Liabilities & Shareholders Equity $71.53M $68.59M
YoY Change 56.78% 43.37%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$3.349M -$981.5K
YoY Change 69.77% -20.92%
Depreciation, Depletion And Amortization $124.9K $79.16K
YoY Change 50.11% -1.75%
Cash From Operating Activities -$4.528M -$5.720M
YoY Change 196.19% 733.31%
INVESTING ACTIVITIES
Capital Expenditures $484.7K $3.438M
YoY Change 16218.52% -1089.2%
Acquisitions
YoY Change
Other Investing Activities -$1.475M -$523.5K
YoY Change -1768.3% -623.42%
Cash From Investing Activities -$1.949M -$3.961M
YoY Change -2233.14% 1500.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.342M -184.2K
YoY Change 531.25% -132.97%
NET CHANGE
Cash From Operating Activities -4.528M -5.720M
Cash From Investing Activities -1.949M -3.961M
Cash From Financing Activities 6.342M -184.2K
Net Change In Cash -135.2K -9.865M
YoY Change -68.74% 2529.49%
FREE CASH FLOW
Cash From Operating Activities -$4.528M -$5.720M
Capital Expenditures $484.7K $3.438M
Free Cash Flow -$5.012M -$9.158M
YoY Change 227.26% 2602.33%

Facts In Submission

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CY2022Q2 cosm Change In Fair Value Of Derivative Liability
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cosm Change In Fair Value Of Derivative Liability
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cosm Change In Fair Value Of Derivative Liability
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CY2023Q2 cosm Bargain Purchase Gain
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1633842 usd
CY2022Q2 cosm Bargain Purchase Gain
BargainPurchaseGain
0 usd
cosm Bargain Purchase Gain
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1633842 usd
cosm Bargain Purchase Gain
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0 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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66674 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-356687 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
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262709 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2023Q2 us-gaap Nonoperating Income Expense
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1688106 usd
CY2022Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q2 us-gaap Income Tax Expense Benefit
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CY2022Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2023Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q2 cosm Deemed Dividend On Issuance Of Warrants
DeemedDividendOnIssuanceOfWarrants
0 usd
CY2022Q2 cosm Deemed Dividend On Issuance Of Warrants
DeemedDividendOnIssuanceOfWarrants
0 usd
cosm Deemed Dividend On Issuance Of Warrants
DeemedDividendOnIssuanceOfWarrants
0 usd
cosm Deemed Dividend On Issuance Of Warrants
DeemedDividendOnIssuanceOfWarrants
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CY2023Q2 cosm Deemed Dividend On Downround Of Warrants
DeemedDividendOnDownroundOfWarrants
0 usd
CY2022Q2 cosm Deemed Dividend On Downround Of Warrants
DeemedDividendOnDownroundOfWarrants
-8480379 usd
cosm Deemed Dividend On Downround Of Warrants
DeemedDividendOnDownroundOfWarrants
0 usd
cosm Deemed Dividend On Downround Of Warrants
DeemedDividendOnDownroundOfWarrants
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CY2023Q2 cosm Deemed Dividend On Downround Of Preferred Stock
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CY2022Q2 cosm Deemed Dividend On Downround Of Preferred Stock
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cosm Deemed Dividend On Downround Of Preferred Stock
DeemedDividendOnDownroundOfPreferredStock
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cosm Deemed Dividend On Downround Of Preferred Stock
DeemedDividendOnDownroundOfPreferredStock
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CY2022Q2 cosm Deemed Dividend On Preferred Stock
DeemedDividendOnPreferredStock
352807 usd
cosm Deemed Dividend On Preferred Stock
DeemedDividendOnPreferredStock
352807 usd
CY2023Q2 cosm Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-981530 usd
CY2022Q2 cosm Net Loss Attributable To Common Stockholders
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-18263957 usd
cosm Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
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cosm Net Loss Attributable To Common Stockholders
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CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-23.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-31.96
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
10819645 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
781604 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
10718010 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
746109 shares
CY2023Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
10819645 shares
CY2022Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
781604 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
10718010 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
746109 shares
CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 cosm Foreign Currency Translation Adjustment Net
ForeignCurrencyTranslationAdjustmentNet
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CY2022Q1 cosm Adoption Of Asus
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CY2022Q1 cosm Issuance Of Series A Preferred Stock Amount
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CY2022Q1 cosm Conversion Of Notes Payable Into Shares Of Common Stock Amount
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973420 usd
CY2022Q1 cosm Cashless Exercise Of Warrants Amount
CashlessExerciseOfWarrantsAmount
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CY2022Q1 us-gaap Net Income Loss
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203347 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
4910249 usd
CY2022Q2 cosm Foreign Currency Translation Adjustment Net
ForeignCurrencyTranslationAdjustmentNet
-1028875 usd
CY2022Q2 cosm Conversion Of Series A Preferred Stock Amount
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2427693 usd
CY2022Q2 cosm Conversion Of Convertible Debt Amount
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38144 usd
CY2022Q2 cosm Cashless Exercise Of Warrants Amount
CashlessExerciseOfWarrantsAmount
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CY2022Q2 cosm Deemed Dividend Upon Downround Of Preferred Stock And
DeemedDividendUponDownroundOfPreferredStockAnd
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CY2022Q2 cosm Stock Based Compensation
StockBasedCompensation
24101 usd
CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
5130056 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
39284295 usd
CY2023Q1 cosm Foreign Currency Translation Adjustment Net
ForeignCurrencyTranslationAdjustmentNet
336463 usd
CY2023Q1 cosm Proceeds From Sale Of Common Stock
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4750000 usd
CY2023Q1 cosm Shares Issued In Lieu Of Cash Amount
SharesIssuedInLieuOfCashAmount
96888 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
44007783 usd
CY2023Q2 cosm Foreign Currency Translation Adjustment Net
ForeignCurrencyTranslationAdjustmentNet
83188 usd
CY2023Q2 cosm Shares Issued For Purchase Of Customer Base Amount
SharesIssuedForPurchaseOfCustomerBaseAmount
316081 usd
CY2023Q2 cosm Shares Issued For Purchase Of Cana Amount
SharesIssuedForPurchaseOfCanaAmount
138667 usd
CY2023Q2 cosm Stock Based Compensation Amount
StockBasedCompensationAmount
104869 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
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43669058 usd
us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Other Depreciation And Amortization
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162839 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
181863 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
67097 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
39607 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
476334 usd
us-gaap Provision For Doubtful Accounts
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671678 usd
us-gaap Provision For Doubtful Accounts
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0 usd
cosm Shares Issued In Lieu Of Cash
SharesIssuedInLieuOfCash
96888 usd
cosm Shares Issued In Lieu Of Cash
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0 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
123204 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
89606 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
13709 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7333 usd
us-gaap Share Based Compensation
ShareBasedCompensation
104869 usd
us-gaap Share Based Compensation
ShareBasedCompensation
24101 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3621 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
61111 usd
us-gaap Gains Losses On Extinguishment Of Debt
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1910770 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1004124 usd
cosm Gain Loss On Bargain Purchase
GainLossOnBargainPurchase
1633842 usd
cosm Gain Loss On Bargain Purchase
GainLossOnBargainPurchase
0 usd
cosm Change In Fair Value Of The Derivative Liability
ChangeInFairValueOfTheDerivativeLiability
-3384 usd
cosm Change In Fair Value Of The Derivative Liability
ChangeInFairValueOfTheDerivativeLiability
7255 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
3969 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
56 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
721400 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
202669 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
358339 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-3603672 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
468014 usd
cosm Increase Decrease In Prepaid Expenses And Other Current Assets Related Party
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssetsRelatedParty
-2303904 usd
cosm Increase Decrease In Prepaid Expenses And Other Current Assets Related Party
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssetsRelatedParty
-1150256 usd
cosm Increase Decreaseloan Receivablerelated Party
IncreaseDecreaseloanReceivablerelatedParty
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cosm Increase Decreaseloan Receivablerelated Party
IncreaseDecreaseloanReceivablerelatedParty
0 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Accounts Payable Related Parties
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cosm Increase Decrease In Accrued Interest
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cosm Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
427729 usd
us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Accrued Taxes Payable
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417256 usd
us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
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cosm Increase Decrease In Other Liabilities
IncreaseDecreaseInOtherLiabilities
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cosm Increase Decrease In Other Liabilities
IncreaseDecreaseInOtherLiabilities
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Loans Receivable
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347225 usd
us-gaap Proceeds From Sale Of Loans Receivable
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179829 usd
cosm Cash Paid For The Acquisition Of Cana
CashPaidForTheAcquisitionOfCana
-5331120 usd
cosm Cash Paid For The Acquisition Of Cana
CashPaidForTheAcquisitionOfCana
0 usd
cosm Sale Of Fixed Assets
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0 usd
cosm Sale Of Fixed Assets
SaleOfFixedAssets
11837 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2213851 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
320427 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1249933 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31546 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8447679 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-160307 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1372976 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2476350 usd
us-gaap Proceeds From Notes Payable
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0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
349716 usd
us-gaap Repayments Of Related Party Debt
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0 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
469384 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
545341 usd
us-gaap Repayments Of Lines Of Credit
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10412107 usd
us-gaap Repayments Of Lines Of Credit
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11363636 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9271450 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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cosm Proceeds From Issuance Of Series A Preferred Stock
ProceedsFromIssuanceOfSeriesAPreferredStock
0 usd
cosm Proceeds From Issuance Of Series A Preferred Stock
ProceedsFromIssuanceOfSeriesAPreferredStock
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us-gaap Proceeds From Issuance Of Common Stock
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4750000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
77753 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
46677 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
218572 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2058614 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3473197 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18516986 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
275833 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20749683 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
286487 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2232697 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
562320 usd
us-gaap Interest Paid
InterestPaid
814345 usd
us-gaap Interest Paid
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317449 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
cosm Common Shares Issued For Acquisition Of Customer Base
CommonSharesIssuedForAcquisitionOfCustomerBase
316081 shares
cosm Common Shares Issued For Acquisition Of Cana
CommonSharesIssuedForAcquisitionOfCana
138667 shares
cosm Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
0 usd
cosm Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
973420 usd
cosm Deemed Dividend On Warrants Upon Conversion Of Convertible Debt
DeemedDividendOnWarrantsUponConversionOfConvertibleDebt
0 usd
cosm Deemed Dividend On Warrants Upon Conversion Of Convertible Debt
DeemedDividendOnWarrantsUponConversionOfConvertibleDebt
5788493 usd
cosm Deemed Dividend On Preferred Stock And Warrants Upon Trigger Of Downround Feature
DeemedDividendOnPreferredStockAndWarrantsUponTriggerOfDownroundFeature
0 usd
cosm Deemed Dividend On Preferred Stock And Warrants Upon Trigger Of Downround Feature
DeemedDividendOnPreferredStockAndWarrantsUponTriggerOfDownroundFeature
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us-gaap Dividends Preferred Stock
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0 usd
us-gaap Dividends Preferred Stock
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352807 usd
us-gaap Conversion Of Stock Amount Converted1
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0 usd
us-gaap Conversion Of Stock Amount Converted1
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2427693 usd
cosm Conversion Of Convertible Debt
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0 usd
cosm Conversion Of Convertible Debt
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38144 usd
us-gaap Use Of Estimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP 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 reporting period. Actual results could differ from those estimates.</p>
CY2022Q2 us-gaap Operating Lease Expense
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54074 usd
cosm Finance Lease Weighted Average Remaining Lease Terms
FinanceLeaseWeightedAverageRemainingLeaseTerms
P3Y4M2D
cosm Finance Lease Weighted Average Discount Rate
FinanceLeaseWeightedAverageDiscountRate
0.0674 pure
us-gaap Revenues
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24713206 usd
us-gaap Revenues
Revenues
26280304 usd
CY2023Q2 us-gaap Common Unit Issued
CommonUnitIssued
10951757 shares
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
10605412 shares
CY2023Q2 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
10936260 shares
CY2022Q4 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
10589915 shares
CY2023Q2 us-gaap Line Of Credit
LineOfCredit
4725936 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
5758737 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
100000 usd
CY2021Q4 us-gaap Convertible Notes Payable
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640000 usd
cosm Payments To Convertible Debt
PaymentsToConvertibleDebt
100000 usd
CY2022 cosm Payments To Convertible Debt
PaymentsToConvertibleDebt
525000 usd
us-gaap Conversion Of Stock Amount Issued1
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0 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
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15000 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
0 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
100000 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
0 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
100000 usd
cosm Accrued Interest Expense
AccruedInterestExpense
13740 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
54293 usd
cosm Reduction Of Derivative Related To Conversions
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-50909 usd
us-gaap Increase Decrease In Derivative Liabilities
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-3384 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q4 cosm Notes Payable Beginning Balance
NotesPayableBeginningBalance
5017987 usd
cosm Payments Of Debt
PaymentsOfDebt
-1343701 usd
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
306637 usd
cosm Foreign Currency Transaction Gain Loss
ForeignCurrencyTransactionGainLoss
38733 usd
CY2023Q2 cosm Notes Payable Ending Balance
NotesPayableEndingBalance
3406382 usd
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
2517272 usd
CY2023Q2 us-gaap Notes Payable Current
NotesPayableCurrent
889110 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
889110 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
811435 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1477789 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
142657 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
85391 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
3406382 usd
CY2023Q2 us-gaap Notes Payable Current
NotesPayableCurrent
889110 usd
CY2023Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
2517272 usd
cosm Trade Finance Facility Agreement Interest Rate Description
TradeFinanceFacilityAgreementInterestRateDescription
one-month Euribor (3.39% as of June 30, 2023), and 6% plus one-month LIBOR (5.18% as of date of June 30, 2023), respectively
cosm Final Repayment Shares
FinalRepaymentShares
1965600 shares
cosm Repayment Of Installment
RepaymentOfInstallment
500000 usd
CY2022Q1 us-gaap Debt Current
DebtCurrent
3950000 usd
CY2022Q1 cosm Capitalized Fees
CapitalizedFees
221060 usd
cosm Non Cash Interest Expenses
NonCashInterestExpenses
23820 usd
CY2022 cosm Total Repayments Of Debt
TotalRepaymentsOfDebt
191100 usd
CY2022Q4 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
2593363 usd
CY2022Q4 cosm Loan Amount Principal
LoanAmountPrincipal
1898895 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
17434 usd
cosm Operating Lease Term Of Agreements
OperatingLeaseTermOfAgreements
The Company has various operating and finance lease agreements with terms up to 10 years
cosm Operating Lease Weighted Average Remaining Lease Terms
OperatingLeaseWeightedAverageRemainingLeaseTerms
P6Y8M26D
cosm Operating Lease Weighted Average Discount Rate
OperatingLeaseWeightedAverageDiscountRate
0.0674 pure
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
67850 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
13709 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7333 usd
CY2023Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7488 usd
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3826 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
67097 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
39607 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
36357 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
20026 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
78605 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
43804 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
43009 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
21182 usd
cosm Payment Tax
PaymentTax
99644 usd
CY2021Q3 cosm Advisory Description
AdvisoryDescription
the Company paid $100,000. The $100,000 bonus was incurred and settled within 2022. Finally, the Consultant received a total of 10,000 shares of the Company’s common stock, 2,000 of such shares that have been previously issued pursuant to previous agreements and additional 15,258 shares that were issued on February 2, 2023, based on the amendment signed on February 1, 2023
CY2022Q2 cosm Research And Development Agreement Expenses
ResearchAndDevelopmentAgreementExpenses
The cost of the projects amount to EUR 820,000 ($891,504) which is allocated to certain phases. The amount will be due and payable upon completion of the corresponding phases. The Company records the corresponding R&D expense based on the project’s progress, which is actually invoiced by the third party in the relevant period. No such costs were incurred for the three and six month periods ended June 30, 2023 or 2022
cosm Discription Of Incentive Stock Awards
DiscriptionOfIncentiveStockAwards
The awards are in the form of restricted stock and will vest in two parts: 50% on October 2, 2023 and 50% on October 2, 2024.
CY2023Q2 cosm Awarded Shares
AwardedShares
185000 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
104869 usd
CY2023Q2 us-gaap Revenues
Revenues
12363429 usd
CY2022Q2 us-gaap Revenues
Revenues
13208504 usd

Files In Submission

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0001477932-23-006142-index-headers.html Edgar Link pending
0001477932-23-006142-index.html Edgar Link pending
0001477932-23-006142.txt Edgar Link pending
0001477932-23-006142-xbrl.zip Edgar Link pending
cosm-20230630.xsd Edgar Link pending
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