2024 Q3 Form 10-K Financial Statement

#000147793224004545 Filed on August 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q4 2023
Revenue $12.41M $15.84M $53.38M
YoY Change -3.22% 31.44% 6.02%
Cost Of Revenue $11.20M $14.61M $49.03M
YoY Change -3.49% 25.77% 10.45%
Gross Profit $1.207M $1.231M $4.350M
YoY Change -0.65% 182.8% -26.98%
Gross Profit Margin 9.72% 7.77% 8.15%
Selling, General & Admin $1.825M $14.68M $20.85M
YoY Change -33.18% 86.35% 92.79%
% of Gross Profit 151.2% 1192.73% 479.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $89.69K $135.9K $353.0K
YoY Change -28.19% -179.84% 242.12%
% of Gross Profit 7.43% 11.04% 8.12%
Operating Expenses $3.447M $14.82M $26.18M
YoY Change -18.56% 91.61% 94.93%
Operating Profit -$2.240M -$13.59M -$21.83M
YoY Change -25.77% 86.17% 192.09%
Interest Expense $181.4K $79.87K $866.5K
YoY Change 19.93% -109.33% -63.06%
% of Operating Profit
Other Income/Expense, Net $57.33K -$51.54K $3.289M
YoY Change -114.41% -97.82% -158.92%
Pretax Income -$2.183M -$13.75M -$18.54M
YoY Change -36.09% 30.75% 42.03%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.183M -$20.98M -$18.54M
YoY Change -34.83% -44.94% 34.07%
Net Earnings / Revenue -17.59% -132.44% -34.74%
Basic Earnings Per Share -$0.45 -$2.15
Diluted Earnings Per Share -$0.45 -$1.52 -$2.15
COMMON SHARES
Basic Shares Outstanding 17.61M shares 13.40M shares 11.97M shares
Diluted Shares Outstanding 18.42M shares

Balance Sheet

Concept 2024 Q3 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.338M $3.853M $3.853M
YoY Change 40.35% -81.44% -81.44%
Cash & Equivalents $3.315M $3.833M $3.833M
Short-Term Investments $22.81K $20.08K $20.08K
Other Short-Term Assets $8.309M $6.253M $6.253M
YoY Change -4.89% 15.13% 15.13%
Inventory $4.885M $4.789M $4.789M
Prepaid Expenses
Receivables $17.48M $19.76M $20.86M
Other Receivables $937.7K $854.3K $854.3K
Total Short-Term Assets $36.24M $36.61M $36.61M
YoY Change -22.04% -34.68% -34.68%
LONG-TERM ASSETS
Property, Plant & Equipment $10.58M $10.46M $11.62M
YoY Change 3.18% 475.42% 296.46%
Goodwill $49.70K $49.70K
YoY Change 0.0% 0.0%
Intangibles $7.697M $7.634M
YoY Change 91.67% 1061.64%
Long-Term Investments
YoY Change
Other Assets $2.765M $3.058M $3.058M
YoY Change 6.35% 328.51% 328.51%
Total Long-Term Assets $28.28M $29.41M $29.41M
YoY Change 12.95% 145.19% 145.19%
TOTAL ASSETS
Total Short-Term Assets $36.24M $36.61M $36.61M
Total Long-Term Assets $28.28M $29.41M $29.41M
Total Assets $64.52M $66.01M $66.01M
YoY Change -9.79% -2.97% -2.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.63M $12.14M $12.14M
YoY Change -0.87% 0.16% 0.16%
Accrued Expenses $185.6K $166.3K $451.9K
YoY Change 124.92% -39.63% 2.03%
Deferred Revenue
YoY Change
Short-Term Debt $6.022M $6.655M $6.655M
YoY Change 11.97% 13.13% 13.13%
Long-Term Debt Due $1.641M $1.598M $1.598M
YoY Change 38.13% -29.15% -29.15%
Total Short-Term Liabilities $25.21M $24.32M $24.32M
YoY Change 11.63% 11.83% 11.83%
LONG-TERM LIABILITIES
Long-Term Debt $2.651M $1.327M $3.041M
YoY Change -22.53% -56.7% -0.83%
Other Long-Term Liabilities $1.213M $1.764M $2.609M
YoY Change 277.31% 29.81% -26.87%
Total Long-Term Liabilities $1.213M $1.764M $5.649M
YoY Change 277.31% 29.81% -14.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.21M $24.32M $24.32M
Total Long-Term Liabilities $1.213M $1.764M $5.649M
Total Liabilities $29.54M $29.97M $29.97M
YoY Change 9.59% 5.6% 5.6%
SHAREHOLDERS EQUITY
Retained Earnings -$104.5M -$91.64M
YoY Change 47.07% 38.37%
Common Stock $23.35K $15.98K
YoY Change 78.64% 50.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $917.2K
YoY Change 12.3%
Treasury Stock Shares
Shareholders Equity $34.98M $36.04M $36.04M
YoY Change
Total Liabilities & Shareholders Equity $64.52M $66.01M $66.01M
YoY Change -9.79% -2.97% -2.97%

Cashflow Statement

Concept 2024 Q3 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.183M -$20.98M -$18.54M
YoY Change -34.83% -44.94% 34.07%
Depreciation, Depletion And Amortization $89.69K $135.9K $353.0K
YoY Change -28.19% -179.84% 242.12%
Cash From Operating Activities $739.8K $951.7K -$15.64M
YoY Change -116.34% -109.22% 5.15%
INVESTING ACTIVITIES
Capital Expenditures $228.8K $3.558M $1.313M
YoY Change -52.8% 10343.5% 1669.64%
Acquisitions
YoY Change
Other Investing Activities $193.3K $197.0K -$6.258M
YoY Change -113.11% 141.67% -1830.63%
Cash From Investing Activities -$35.43K -$3.361M -$13.76M
YoY Change -98.18% -7186.44% 63910.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.5K
YoY Change -99.72%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.680M 4.292M $12.69M
YoY Change -57.74% -85.96% -63.78%
NET CHANGE
Cash From Operating Activities 739.8K 951.7K -$15.64M
Cash From Investing Activities -35.43K -3.361M -$13.76M
Cash From Financing Activities 2.680M 4.292M $12.69M
Net Change In Cash 3.384M 1.883M -$16.92M
YoY Change -2602.48% -90.72% -182.67%
FREE CASH FLOW
Cash From Operating Activities $739.8K $951.7K -$15.64M
Capital Expenditures $228.8K $3.558M $1.313M
Free Cash Flow $511.0K -$2.606M -$16.95M
YoY Change -110.19% -74.82% 13.41%

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CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
CY2023 cosm Shares Issued In Lieu Of Cash
SharesIssuedInLieuOfCash
-96888 usd
CY2022 cosm Shares Issued In Lieu Of Cash
SharesIssuedInLieuOfCash
-175941 usd
CY2023 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
365639 usd
CY2022 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
210463 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2903 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
16467 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
577931 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
24401 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
78553 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
780099 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1910967 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
876894 usd
CY2023 cosm Gain Loss On Bargain Purchase
GainLossOnBargainPurchase
1440249 usd
CY2022 cosm Cash Paid For The Acquisition Of Cana
CashPaidForTheAcquisitionOfCana
0 usd
CY2023 cosm Change In Fair Value Of The Derivative Liability
ChangeInFairValueOfTheDerivativeLiability
3384 usd
CY2022 cosm Change In Fair Value Of The Derivative Liability
ChangeInFairValueOfTheDerivativeLiability
-20257 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
4584 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
1676 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
127230 usd
CY2023 us-gaap Other Income
OtherIncome
928 usd
CY2023 cosm Sale Of Fixed Assets
SaleOfFixedAssets
0 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5484213 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3073366 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-1457845 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
170815 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
890903 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
485469 usd
CY2023 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
579467 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
894893 usd
CY2023 cosm Increase Decrease In Prepaid Expenses And Other Current Assets Related Party
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssetsRelatedParty
913574 usd
CY2022 cosm Increase Decrease In Prepaid Expenses And Other Current Assets Related Party
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssetsRelatedParty
375311 usd
CY2022 cosm Proceeds From Loan Receivable Related Party
ProceedsFromLoanReceivableRelatedParty
4213728 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
644838 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2092104 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
71777 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-357681 usd
CY2023 cosm Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
-115668 usd
CY2022 cosm Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
-913280 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-373816 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-210781 usd
CY2023 us-gaap Increase Decrease In Accrued Taxes Payable
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-128801 usd
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-1107135 usd
CY2023 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1359180 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-320420 usd
CY2023 cosm Increase Decrease In Other Liabilities
IncreaseDecreaseInOtherLiabilities
-227575 usd
CY2022 cosm Increase Decrease In Other Liabilities
IncreaseDecreaseInOtherLiabilities
1338013 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15635999 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14870639 usd
CY2023 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
806464 usd
CY2022 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
351474 usd
CY2023 cosm Cash Paid For The Acquisition Of Cana
CashPaidForTheAcquisitionOfCana
-5230593 usd
CY2022 cosm Advances For Buildings Acquisitions
AdvancesForBuildingsAcquisitions
0 usd
CY2023 cosm Loans And Leases Receivable Related Party
LoansAndLeasesReceivableRelatedParty
-168469 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
CY2022 cosm Sale Of Fixed Assets
SaleOfFixedAssets
12736 usd
CY2023 cosm Advances For Buildings Acquisitions
AdvancesForBuildingsAcquisitions
-1665000 usd
CY2023 us-gaap Proceeds From Short Term Debt
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0 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
6189564 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
308866 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2634 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1313195 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74207 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13760357 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21497 usd
CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000 usd
CY2022 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
525000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
421373 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1611774 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
12479735 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1057540 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
487098 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
4824035 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
3625007 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
1065000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
65000 usd
CY2023 cosm Payment Of Lines Of Credit
PaymentOfLinesOfCredit
19532735 usd
CY2022 cosm Payment Of Lines Of Credit
PaymentOfLinesOfCredit
20975110 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
20193343 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
22354567 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6000000 usd
CY2023 cosm Financing Fees From The Sale Of Common Stock
FinancingFeesFromTheSaleOfCommonStock
10000017 usd
CY2022 cosm Financing Fees From The Sale Of Common Stock
FinancingFeesFromTheSaleOfCommonStock
35275573 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3533741 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
10826000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
27786 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
99906 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
717888 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3194798 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100452 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12694007 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35048288 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-214139 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
307044 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16916488 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20463196 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3833195 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20749683 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
406885 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
588051 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 cosm Common Shares Issued For Acquisition Of Customer Base
CommonSharesIssuedForAcquisitionOfCustomerBase
316081 shares
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 cosm Common Shares Issued For Acquisition Of Cana
CommonSharesIssuedForAcquisitionOfCana
138667 shares
CY2023 cosm Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
0 usd
CY2022 cosm Conversion Of Notes Payable To Common Stock
ConversionOfNotesPayableToCommonStock
973420 usd
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
372414 usd
CY2023 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
15000 shares
CY2023 cosm Deemed Dividend On Warrants Upon Conversion Of Convertible Debt
DeemedDividendOnWarrantsUponConversionOfConvertibleDebt
7218485 usd
CY2022 cosm Deemed Dividend On Warrants Upon Conversion Of Convertible Debt
DeemedDividendOnWarrantsUponConversionOfConvertibleDebt
32004730 usd
CY2022 cosm Deemed Dividend On Preferred Stock And Warrants Upon Trigger Of Downround Feature
DeemedDividendOnPreferredStockAndWarrantsUponTriggerOfDownroundFeature
16669894 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
372414 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
5452300 usd
CY2022 cosm Conversion Of Convertible Debt
ConversionOfConvertibleDebt
38144 usd
CY2023 us-gaap Revenues
Revenues
53376874 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-18542654 usd
CY2023 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
14998919 usd
CY2023Q4 cosm Working Capital
WorkingCapital
12285310 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-91644233 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
36043028 usd
CY2023 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
1908195 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of the 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>
CY2023 cosm Schedule Of Foreign Currency Translation And Other Comprehensive Losstabletextblock
ScheduleOfForeignCurrencyTranslationAndOtherComprehensiveLosstabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Exchange rate on balance sheet dates</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">EUR: USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.1062</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.0698</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">GBP: USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.2743</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.2077</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Average exchange rate for the period</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">EUR: USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.0817</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.0534</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">GBP: USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.2440</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.2371</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023Q4 cosm Foreign Accounts
ForeignAccounts
1047738 usd
CY2022Q4 cosm Foreign Accounts
ForeignAccounts
831793 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
48590 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
15690 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain reclassifications have been made in the Company’s financial statements of the prior year to conform with current year presentation.  As of December 31, 2022, $421,302, $322,010, $120,294 and $66,401 (an aggregate total of $930,006) was reclassified from “Prepaid expenses and other current assets,” “Other assets,” “Accounts receivable – related party,” and “Prepaid expenses and other current assets – related party,” respectively to “Accounts receivable, net”.  Moreover, $248,678 was reclassified from “Financing lease right-of-use asset” to “Operating lease right-of-use asset” and $247,595 was reclassified from Financing Lease Liabilities to Operating Lease Liabilities as of the year ended, December 31, 2022. Finally, an amount of $1,784,751 was reclassified from “Accounts payable and accrued expenses” to “Other current liabilities” as of the year ended, December 31, 2022. These reclassifications had no impact on earnings or stockholders’ equity.</p>
CY2022Q4 cosm Reclassified From Line Of Credit To Notes Payable
ReclassifiedFromLineOfCreditToNotesPayable
930006 usd
CY2022Q4 cosm Finance Lease Right Of Use Asset Other
FinanceLeaseRightOfUseAssetOther
248678 usd
CY2022Q4 cosm Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
247595 usd
CY2022Q4 cosm Reclassified From Accounts Receivable
ReclassifiedFromAccountsReceivable
1784751 usd
CY2023 cosm Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
19686091 usd
CY2022 cosm Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
7309311 usd
CY2023 cosm Changes In Allowance For Doubtful Accounts Beginning Balance
ChangesInAllowanceForDoubtfulAccountsBeginningBalance
7309311 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
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CY2023 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
0 usd
CY2023 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
525992 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
0 usd
CY2023 cosm Changes In Allowance For Doubtful Accounts Ending Balance
ChangesInAllowanceForDoubtfulAccountsEndingBalance
19686091 usd
CY2023Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
187512 usd
CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
79373 usd
CY2023 us-gaap Depreciation
Depreciation
353043 usd
CY2022 us-gaap Depreciation
Depreciation
70109 usd
CY2018Q4 us-gaap Goodwill
Goodwill
49697 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
239841 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33085 usd
CY2023Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
11596 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
6681 usd
CY2023 cosm Sales To Medihelm
SalesToMedihelm
397000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash investments and accounts receivable.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company had no clients which contributed 10% or more of revenue and accounts receivable, respectively for the year ended December 31, 2023.</p>
CY2023Q4 cosm Long Term Liabilities
LongTermLiabilities
408665 usd
CY2022Q4 cosm Long Term Liabilities
LongTermLiabilities
0 usd
CY2023 cosm Payable To Actuarial Expert
PayableToActuarialExpert
408665 usd
CY2022 cosm Payable To Actuarial Expert
PayableToActuarialExpert
147776 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11968665 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1928172 shares
CY2023 cosm Weighted Average Number Of Common And Equivalent Shares Outstanding Diluted
WeightedAverageNumberOfCommonAndEquivalentSharesOutstandingDiluted
11968665 shares
CY2022 cosm Weighted Average Number Of Common And Equivalent Shares Outstanding Diluted
WeightedAverageNumberOfCommonAndEquivalentSharesOutstandingDiluted
1928172 shares
CY2023 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
8561476 shares
CY2022 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4194236 shares
CY2022 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
8827 shares
CY2023 cosm Potential Common Shares
PotentialCommonShares
8561476 shares
CY2022 cosm Potential Common Shares
PotentialCommonShares
4203063 shares
CY2021Q4 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
4849221 usd
CY2021Q4 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.055 pure
CY2021Q4 cosm Threshold Period Past Due For Writeoffs Of Financing Receivable
ThresholdPeriodPastDueForWriteoffsOfFinancingReceivable
P360Y
CY2021Q4 cosm Decription Of Loan Payment
DecriptionOfLoanPayment
the Company is to receive 120 equal payments over the term of the loan
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
377038 usd
CY2022Q4 us-gaap Nontrade Receivables
NontradeReceivables
3792034 usd
CY2023 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
389867 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
411858 usd
CY2023Q4 us-gaap Nontrade Receivables
NontradeReceivables
3509200 usd
CY2023 cosm Interest Payments
InterestPayments
193265 usd
CY2023Q4 us-gaap Preferred Units Authorized
PreferredUnitsAuthorized
100000000 shares
CY2022Q2 cosm Liquidated Damages Payable
LiquidatedDamagesPayable
250260 usd
CY2022Q2 cosm Description Of Late Filing Of Registration Statement
DescriptionOfLateFilingOfRegistrationStatement
the 1st anniversary (30 days following the event date) of the event, which, along with an additional lump sum amount of $2,000,000 agreed to be paid to the investors as additional damages, led to a total amount of $2,250,260 concerning liquidated damages related to the February Private Placement within the year ended December 31, 2022
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
15.54
CY2022Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
8189515 usd
CY2022Q2 us-gaap Conversion Of Stock Description
ConversionOfStockDescription
from $75.00 to $15.54
CY2023Q4 cosm Series A Preferred Stock
SeriesAPreferredStock
5452300 usd
CY2022 cosm Convertible Stock
ConvertibleStock
6000 shares
CY2022 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
386588 shares
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
5452300 usd
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15982472 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10605412 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15895975 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10589915 shares
CY2022 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
300 shares
CY2022 cosm Compensation Expense For Services Rendered
CompensationExpenseForServicesRendered
3120 usd
CY2022Q4 cosm Description Of Reverse Split
DescriptionOfReverseSplit
the Company announced a reverse stock split with a ratio of 1-for-25 (one-for-twenty five) effective at the opening of the business day on Friday, December 16, 2022. The CUSIP number of the Company after the split will change to 221413-305. The reverse stock split was authorized at the Company’s Annual General Meeting (“AGM”) on December 2, 2022 and was approved by the Company’s Board of Directors on December 15, 2022
CY2022 cosm Issued Shares Of Common Stock Upon The Exercise
IssuedSharesOfCommonStockUponTheExercise
3608667 shares
CY2022 cosm Gross Proceeds Upon The Exercise Of Warrants
GrossProceedsUponTheExerciseOfWarrants
10826000 usd
CY2022 cosm Issued Shares Of Common Stock Upon The Cashless Exercise
IssuedSharesOfCommonStockUponTheCashlessExercise
526112 shares
CY2022 cosm Cashless Exercise Warrants
CashlessExerciseWarrants
776674 shares
CY2023 cosm Issued Shares Of Common Stock Upon The Exercise
IssuedSharesOfCommonStockUponTheExercise
2437063 shares
CY2023 cosm Gross Proceeds Upon The Exercise Of Warrants
GrossProceedsUponTheExerciseOfWarrants
3533741 usd
CY2023 us-gaap Provision For Other Losses
ProvisionForOtherLosses
-18542654 usd
CY2022 us-gaap Provision For Other Losses
ProvisionForOtherLosses
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 cosm Deferred Domestic Income Tax Expense Benefit
DeferredDomesticIncomeTaxExpenseBenefit
0 usd
CY2022 cosm Deferred Domestic Income Tax Expense Benefit
DeferredDomesticIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
850775 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
850775 usd
CY2023 cosm Total Current Provision
TotalCurrentProvision
0 usd
CY2022 cosm Total Current Provision
TotalCurrentProvision
775051 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
245518 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
34601 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-448032 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
128705 usd
CY2023 cosm Prior Period Adjustments
PriorPeriodAdjustments
-151879 usd
CY2022 cosm Prior Period Adjustments
PriorPeriodAdjustments
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2023 us-gaap Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
0 usd
CY2022 us-gaap Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
775052 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
21516941 usd
CY2023 cosm Federal Statutory Income Tax Rate Description
FederalStatutoryIncomeTaxRateDescription
the $21.5 million Federal NOL carryforwards, $2.5 million are pre-2018 and begin to expire in 2031. The remaining balance of $19 million, are limited to utilization of 80% of taxable income but do not have an expiration
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
6630273 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
5758737 usd
CY2023Q4 cosm Beginning Balance Convertible Notes
BeginningBalanceConvertibleNotes
100000 usd
CY2022Q4 cosm Beginning Balance Convertible Notes
BeginningBalanceConvertibleNotes
640000 usd
CY2022Q4 cosm New Notes
NewNotes
0 usd
CY2023Q4 cosm Payments To Convertible Debt
PaymentsToConvertibleDebt
-100000 usd
CY2022Q4 cosm Payments To Convertible Debt
PaymentsToConvertibleDebt
-525000 usd
CY2022Q4 cosm Conversion To Common Stock
ConversionToCommonStock
-15000 usd
CY2023Q4 cosm Subtotal Notes To Convertible Debt
SubtotalNotesToConvertibleDebt
0 usd
CY2022Q4 cosm Subtotal Notes To Convertible Debt
SubtotalNotesToConvertibleDebt
100000 usd
CY2023Q4 cosm Accretions Amortization Of Discounts And Premiums Investments
AccretionsAmortizationOfDiscountsAndPremiumsInvestments
0 usd
CY2022Q4 cosm Accretions Amortization Of Discounts And Premiums Investments
AccretionsAmortizationOfDiscountsAndPremiumsInvestments
0 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
0 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
100000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
11629 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
100000 usd
CY2023Q4 cosm Accrued Interest Expense
AccruedInterestExpense
13740 usd
CY2023 cosm Gain On Settlement Of Debt
GainOnSettlementOfDebt
50909 usd
CY2023Q4 cosm Convertible Note Payable Net
ConvertibleNotePayableNet
525000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
45665 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 cosm Reduction Of Derivative Related To Conversions
ReductionOfDerivativeRelatedToConversions
11629 usd
CY2022 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
20257 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
54293 usd
CY2023 cosm Reduction Of Derivative Related To Conversions
ReductionOfDerivativeRelatedToConversions
50909 usd
CY2023 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-3384 usd
CY2023Q4 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
CY2023 cosm Beginning Balance Loans
BeginningBalanceLoans
5017987 usd
CY2023 cosm Proceed From Debt
ProceedFromDebt
1082231 usd
CY2023 cosm Payments Of Debt
PaymentsOfDebt
-1597894 usd
CY2023 cosm Oher Additions Of Debt
OherAdditionsOfDebt
317880 usd
CY2023 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
306637 usd
CY2023 cosm Foreign Currency Translation
ForeignCurrencyTranslation
92660 usd
CY2023Q4 cosm Subtotal Of Debts
SubtotalOfDebts
4606227 usd
CY2023Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
3035341 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
1570886 usd
CY2022 cosm Beginning Balance Loans
BeginningBalanceLoans
18226062 usd
CY2022 cosm Proceed From Debt
ProceedFromDebt
492336 usd
CY2022 cosm Payments Of Debt
PaymentsOfDebt
-12541343 usd
CY2022 cosm Conversion Of Debt
ConversionOfDebt
-1190000 usd
CY2022 cosm Recapitalized Upon Debt Modification
RecapitalizedUponDebtModification
-1084735 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1079844 usd
CY2022 cosm Reclassification Of Line Of Credit
ReclassificationOfLineOfCredit
0 usd
CY2022 cosm Foreign Currency Translation
ForeignCurrencyTranslation
35823 usd
CY2022Q4 cosm Subtotal Of Debts
SubtotalOfDebts
5017987 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
2859570 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
2158417 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1570886 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2032967 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
457784 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
312314 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
232276 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4606227 usd
CY2023Q4 cosm Less Notes Payable Current Portion
LessNotesPayableCurrentPortion
-1570886 usd
CY2023Q4 cosm Notes Payable Long Term Portion
NotesPayableLongTermPortion
3035341 usd
CY2023 cosm Trade Finance Facility Agreement Interest Rate Description
TradeFinanceFacilityAgreementInterestRateDescription
one-month Euribor (3.90% as of December 31, 2023), and 6% plus one-month LIBOR (fully paid as of December 31, 2023), respectively
CY2023 cosm Final Repayment Shares
FinalRepaymentShares
1965600 shares
CY2023 cosm Repayment Of Installment
RepaymentOfInstallment
500000 usd
CY2022Q1 us-gaap Debt Current
DebtCurrent
3950000 usd
CY2022Q1 cosm Capitalized Fees
CapitalizedFees
221060 usd
CY2023 cosm Non Cash Interest Expenses
NonCashInterestExpenses
200000 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
4878 usd
CY2021Q3 us-gaap Debt Current
DebtCurrent
578850 usd
CY2023 cosm Stock Issued For Debt Obligation
StockIssuedForDebtObligation
420471 shares
CY2023 cosm Operating Lease Term Of Agreements
OperatingLeaseTermOfAgreements
The Company has various operating and finance lease agreements with terms up to ten years, for various types of property and equipment (such as office space and vehicles) etc. Some leases include options to purchase, terminate or extend for one or more years. These options are included in the lease term when it is reasonably certain that the option will be exercised. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y7M28D
CY2023 cosm Operating Lease Weighted Average Discount Rate
OperatingLeaseWeightedAverageDiscountRate
0.0674 pure
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
364968 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
210463 usd
CY2023 us-gaap Acquired Finite Lived Intangible Asset Weighted Average Period Before Renewal Or Extension
AcquiredFiniteLivedIntangibleAssetWeightedAveragePeriodBeforeRenewalOrExtension
P1Y1M28D
CY2023 cosm Finance Lease Weighted Average Discount Rate
FinanceLeaseWeightedAverageDiscountRate
0.0674 pure
CY2023 cosm Operating Lease Cash Flows Used In Finance Lease
OperatingLeaseCashFlowsUsedInFinanceLease
28420 usd
CY2022 cosm Operating Lease Cash Flows Used In Finance Lease
OperatingLeaseCashFlowsUsedInFinanceLease
99906 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2903 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
16467 usd
CY2023 cosm Finance Lease Amortization Expense
FinanceLeaseAmortizationExpense
23685 usd
CY2022 cosm Finance Lease Amortization Expense
FinanceLeaseAmortizationExpense
85696 usd
CY2023 cosm Tax Liabilities Payable
TaxLiabilitiesPayable
2430517 usd
CY2023 cosm Payroll Tax Related Current Liabilities
PayrollTaxRelatedCurrentLiabilities
1046507 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
591547 usd
CY2023 cosm Provision For Staff Leaving Compensation
ProvisionForStaffLeavingCompensation
408665 usd
CY2023 us-gaap Proceeds From Customers For Progress Payments
ProceedsFromCustomersForProgressPayments
207204 usd
CY2023 cosm Compensation For Non Pecuniary Damage Amounting
CompensationForNonPecuniaryDamageAmounting
21744 usd
CY2023 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
CY2023 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
164859 usd
CY2023 cosm Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-25783834 usd
CY2022 cosm Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-63945285 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11968665 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1928172 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11968665 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1928172 shares
CY2023 cosm Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-2.15
CY2022 cosm Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-33.16
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8561476 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4203063 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2023 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
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
323957 usd
CY2023 us-gaap Revenues
Revenues
53376874 usd
CY2022 us-gaap Revenues
Revenues
50347652 usd
CY2023 us-gaap Revenues
Revenues
53376874 usd
CY2023 cosm Segment Reporting Profit Loss
SegmentReportingProfitLoss
-9439727 usd
CY2023Q4 us-gaap Other Restricted Assets Current
OtherRestrictedAssetsCurrent
75724599 usd

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0001477932-24-004545-index-headers.html Edgar Link pending
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cosm-20231231_cal.xml Edgar Link unprocessable
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