2023 Q3 Form 10-Q Financial Statement
#000121390023069520 Filed on August 21, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $0.00 | |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $470.0K | $550.0K |
YoY Change | -5.38% | -40.65% |
% of Gross Profit | ||
Research & Development | $13.24K | |
YoY Change | 869.82% | |
% of Gross Profit | ||
Depreciation & Amortization | $13.08K | $13.08K |
YoY Change | -40.12% | -40.1% |
% of Gross Profit | ||
Operating Expenses | $1.373M | $6.275M |
YoY Change | 9.53% | 343.05% |
Operating Profit | -$1.373M | -$6.275M |
YoY Change | 9.53% | 343.05% |
Interest Expense | $109.3K | $82.60K |
YoY Change | 330.15% | -682.52% |
% of Operating Profit | ||
Other Income/Expense, Net | -$80.56K | -$87.09K |
YoY Change | -417.01% | 514.42% |
Pretax Income | -$1.450M | -$6.360M |
YoY Change | 18.04% | 344.63% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$1.454M | -$6.362M |
YoY Change | 18.35% | 344.75% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.01 | -$0.03 |
Diluted Earnings Per Share | -$0.01 | -$0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 206.2M shares | 205.3M shares |
Diluted Shares Outstanding | 207.4M shares | 205.2M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $10.00K | $316.3K |
YoY Change | -99.68% | -85.55% |
Cash & Equivalents | $9.485K | $316.3K |
Short-Term Investments | ||
Other Short-Term Assets | $210.0K | $162.1K |
YoY Change | 53.69% | 142.58% |
Inventory | ||
Prepaid Expenses | $190.8K | $140.4K |
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $222.1K | $478.4K |
YoY Change | -93.2% | -78.78% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $736.1K | $749.2K |
YoY Change | 110.58% | 114.32% |
Goodwill | ||
YoY Change | ||
Intangibles | $114.0K | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $850.2K | $880.3K |
YoY Change | -91.31% | -90.99% |
TOTAL ASSETS | ||
Total Short-Term Assets | $222.1K | $478.4K |
Total Long-Term Assets | $850.2K | $880.3K |
Total Assets | $1.072M | $1.359M |
YoY Change | -91.78% | -88.7% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.730M | $1.591M |
YoY Change | 40.08% | 46.09% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $386.5K | $0.00 |
YoY Change | ||
Long-Term Debt Due | $230.0K | $222.6K |
YoY Change | ||
Total Short-Term Liabilities | $1.980M | $1.814M |
YoY Change | 60.3% | 66.53% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.430M | $2.300M |
YoY Change | 21.5% | 859.88% |
Other Long-Term Liabilities | $80.00K | |
YoY Change | ||
Total Long-Term Liabilities | $2.510M | $2.300M |
YoY Change | 25.5% | 859.88% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.980M | $1.814M |
Total Long-Term Liabilities | $2.510M | $2.300M |
Total Liabilities | $4.490M | $4.113M |
YoY Change | 38.8% | 209.59% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$48.43M | -$46.97M |
YoY Change | 44.99% | 46.0% |
Common Stock | $210.0K | $205.8K |
YoY Change | 3.71% | 2.35% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$3.418M | -$2.755M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.072M | $1.359M |
YoY Change | -91.78% | -88.7% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.454M | -$6.362M |
YoY Change | 18.35% | 344.75% |
Depreciation, Depletion And Amortization | $13.08K | $13.08K |
YoY Change | -40.12% | -40.1% |
Cash From Operating Activities | -$870.0K | -$999.1K |
YoY Change | -1.69% | -25.28% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $20.00K | $35.50K |
YoY Change | -159.07% | -126.24% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $0.00 |
YoY Change | ||
Cash From Investing Activities | -$20.00K | -$35.50K |
YoY Change | -40.93% | -73.76% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 590.0K | 686.9K |
YoY Change | -68.29% | 938.4% |
NET CHANGE | ||
Cash From Operating Activities | -870.0K | -999.1K |
Cash From Investing Activities | -20.00K | -35.50K |
Cash From Financing Activities | 590.0K | 686.9K |
Net Change In Cash | -300.0K | -347.7K |
YoY Change | -131.86% | -75.27% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$870.0K | -$999.1K |
Capital Expenditures | $20.00K | $35.50K |
Free Cash Flow | -$890.0K | -$1.035M |
YoY Change | 4.57% | -13.92% |
Facts In Submission
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2023-06-30 | ||
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CRYOMASS TECHNOLOGIES INC. | ||
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NV | ||
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|
3154540 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
20112 | usd |
CY2023Q2 | crym |
Common Stock Issued Vested Rs Us Value For Current Period Services
CommonStockIssuedVestedRSUsValueForCurrentPeriodServices
|
79920 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
173631 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
179026 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6361806 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2754577 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7960332 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3582723 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
13036 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
62500 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
268866 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
43663 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1412 | usd | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
1190000 | usd | |
crym |
Loss On Impairment Of Intangible Assets
LossOnImpairmentOfIntangibleAssets
|
3653043 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
401044 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
209910 | usd | |
crym |
Common Stock Issued For Vested Rs Us For Current Period Service
CommonStockIssuedForVestedRSUsForCurrentPeriodService
|
129920 | usd | |
crym |
Stockbased Compensation For Vested Rs Us For Current Period Services
StockbasedCompensationForVestedRSUsForCurrentPeriodServices
|
236603 | usd | |
crym |
Common Stock Issued For The Current Period Services
CommonStockIssuedForTheCurrentPeriodServices
|
85738 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
11700 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-690542 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
55964 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-793360 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2337450 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2968424 | usd | |
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
618831 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
124586 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
49236 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
19325 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-49236 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-762742 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
66151 | usd | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
80208 | usd | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
686896 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
686896 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
146359 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1699790 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2016057 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5772839 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
316267 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2188032 | usd |
crym |
Purchase Of Property And Equipment On Credit
PurchaseOfPropertyAndEquipmentOnCredit
|
246577 | usd | |
crym |
Debt Discount Recognized From Warrants Issued In Conjunction With Notes Payable
DebtDiscountRecognizedFromWarrantsIssuedInConjunctionWithNotesPayable
|
179026 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>1. Nature of the Business</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>CryoMass Technologies Inc. develops and licenses cutting-edge equipment and processes to refine harvested cannabis, hemp, and other premium crops. </span>The company’s patented technology harnesses liquid nitrogen to reduce biomass and then efficiently isolate, collect and preserve delicate resin glands (trichomes) containing prized compounds like cannabinoids and terpenes. Building on this technology, CryoMass has engineered its premier Trichome Separation unit (CryoSift Separator™), optimized via patented cryogenic processes to rapidly capture intact, high-value cannabis and hemp trichomes (CryoSift™).</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 first functional commercial unit, known as a CryoSift Separator™, has been installed at the premises of an operating partner, pursuant to a license and lease arrangement to deploy multiple trichome separation units California and other locations. It has successfully transitioned from beta testing and entered into readiness for commercial-level processing.</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 principal office is located at 1001 Bannock St., Suite 612, Denver, CO 80204, and its telephone number is 303-416-7208. The Company’s website is www.cryomass.com. Information appearing on the website is not incorporated by reference into this report.</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">Cryomass Technologies Inc is the parent company to wholly-owned subsidiaries Cryomass LLC, Cryomass California LLC, and 1304740 B.C. Unlimited Liability Company dba Cryomass Canada.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On June 22, 2021, the Company entered into an Asset Purchase Agreement with Cryocann USA Corp, a California corporation (“Cryocann”), pursuant to which Company acquired substantially all the assets of Cryocann. The acquired assets included the patented cryogenic process titled “System and method for cryogenic separation of plant material” (US patent #10,864,525) for the reduction of biomass and efficient isolation, collection and preservation of delicate resin glands (trichomes) <span>of </span>harvested of hemp and cannabis, and potentially other high value trichome-rich plants</span>.</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">In September 2021, we were granted an additional patent for our process from the Chinese Intellectual Property Office. In April 2022, we were granted another patent # 3,064,896 from the Canadian Intellectual Property Office. We currently are taking steps to gain further protection for our intellectual property through the European Union Intellectual Property Office and other international jurisdictions.</p> | ||
CY2021Q2 | us-gaap |
Agricultural Related Inventory Plant Material
AgriculturalRelatedInventoryPlantMaterial
|
10864525 | usd |
CY2021Q3 | us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
3064896 | usd |
CY2023Q2 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
1335230 | usd |
CY2023Q2 | us-gaap |
Cash
Cash
|
316267 | usd |
us-gaap |
Retail Land Sales Estimated Cost Of Major Improvements
RetailLandSalesEstimatedCostOfMajorImprovements
|
4200000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
6600000 | usd | |
crym |
Cash For Operating Activities
CashForOperatingActivities
|
2337450 | usd | |
us-gaap |
Malpractice Loss Contingency Claims Incurred Net
MalpracticeLossContingencyClaimsIncurredNet
|
7960332 | usd | |
CY2023Q2 | crym |
Accumulated Deficits
AccumulatedDeficits
|
46971860 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of expenses during the reporting period. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to determining the fair value of the assets acquired and liabilities assumed in acquisition, determining the useful lives and potential impairment of long-lived assets and potential impairment of goodwill. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates when there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates.</p> | ||
CY2023Q2 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
686896 | usd |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentrations of Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. Periodically, the Company maintains deposits in accredited financial institutions in excess of federally insured limits. The Company deposits its cash in financial institutions that it believes have high credit quality and has not experienced any losses on such accounts. Aside from this, the Company does not believe it is exposed to any unusual credit risk.</p> | ||
CY2022Q2 | crym |
Loss On Impairment Of Intangible Assets
LossOnImpairmentOfIntangibleAssets
|
usd | |
crym |
Income Taxes Description
IncomeTaxesDescription
|
In accordance with ASC 740-10, for those tax positions where there is a greater than 50% likelihood that a tax benefit will be sustained, our policy will be to record the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit will be recognized in the condensed consolidated financial statements. | ||
crym |
Unvested Of Shares Restricted Stock Potentially Dilutive Securities Outstanding
UnvestedOfSharesRestrictedStockPotentiallyDilutiveSecuritiesOutstanding
|
2290085 | shares | |
crym |
Unvested Of Shares Restricted Stock Potentially Dilutive Securities Outstanding
UnvestedOfSharesRestrictedStockPotentiallyDilutiveSecuritiesOutstanding
|
1258982 | shares | |
crym |
Loss On Impairment Of Intangible Assets
LossOnImpairmentOfIntangibleAssets
|
usd | ||
CY2023Q2 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
749225 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
525855 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
28607 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5400 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
749225 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
525855 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
13077 | usd |
us-gaap |
Depreciation
Depreciation
|
23207 | usd | |
CY2023Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
0 | usd |
CY2022Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
1190000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1190000 | usd | |
CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1190000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
4230482 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
446322 | usd |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
-3653043 | usd | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
131117 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
4181246 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
200664 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3980582 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
131260 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
245659 | usd | |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
21833 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
43663 | usd | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
34206 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
68412 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
28499 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
131117 | usd |
CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
6600000 | usd |
CY2021Q4 | crym |
Net Realizable Shares
NetRealizableShares
|
3600000 | shares |
CY2022Q1 | us-gaap |
Other Loans Payable Long Term
OtherLoansPayableLongTerm
|
618831 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
|
686896 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.12 | pure |
us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
0.25 | ||
us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
The fair value of the Warrants was determined utilizing a Black-Scholes model considering all relevant assumptions at the dates of issuance, including the Company stock price ($0.13 for April subscription agreements, $0.09 for May subscription agreements, $0.12 for June subscription agreement), exercise price ($0.25), term (4 years), historical volatility (153%), and risk-free rate (3.8% for April subscription agreements, 3.6% and 3.7% for May subscription agreements for Mario Gobbo and a private investor, respectively, 4.0% for June subscription agreement). | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
179026 | usd | |
crym |
Fair Value Of Promissory Notes
FairValueOfPromissoryNotes
|
507870 | usd | |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
179026 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
522319 | usd |
us-gaap |
Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
|
13345 | usd | |
CY2022Q3 | us-gaap |
Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
|
2000000 | usd |
CY2022Q3 | us-gaap |
Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
|
0.12 | pure |
us-gaap |
Deferred Sales Inducement Cost Amortization Expense Accrued Interest
DeferredSalesInducementCostAmortizationExpenseAccruedInterest
|
20000 | usd | |
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
175000 | usd | |
us-gaap |
Related Party Tax Expense Effect Of Change In Allocation Methodology
RelatedPartyTaxExpenseEffectOfChangeInAllocationMethodology
|
54128 | usd | |
CY2023Q2 | us-gaap |
Investment Maturity Date
InvestmentMaturityDate
|
2025-04-17 | |
us-gaap |
Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
|
0.12 | pure | |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.25 | ||
CY2022Q1 | us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
the Company issued 458,334 shares of common stock for a total dollar value of $160,417 and accrued an additional $80,208 in common stock to be issued at a later date for a total dollar value of $240,625 in exchange for services. The Company also issued 550,000 shares of common stock for 2021 management performance bonuses, 185,529 shares of common stock for director compensation, and 1,000,000 shares of common stock for 2020 RSU grants vesting in January 2022, all of which were expensed over the RSU grant vesting period, incurring $140,815 of expense during the first quarter of 2022. | |
CY2022Q2 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
220500 | shares |
CY2022Q2 | crym |
Common Stock Shares
CommonStockShares
|
687501 | shares |
CY2022Q2 | crym |
Common Stock In Exchange For Services
CommonStockInExchangeForServices
|
240626 | shares |
CY2022Q2 | crym |
Issuance Of Common Stock Shares
IssuanceOfCommonStockShares
|
1000000 | shares |
CY2022Q2 | crym |
Share Based Payment Arrangement Noncash Expense
ShareBasedPaymentArrangementNoncashExpense
|
69095 | usd |
CY2023Q1 | us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
the Company issued 62,500 shares of common stock for a total dollar value of $21,875 for prior period services, 187,500 shares of common stock for a total dollar value of $65,626 for current period services, 777,932 shares of common stock for a total dollar value of $50,000 for vested RSUs for current period services, and 1,100,000 shares of common stock for a total dollar value of $197,890 for vested RSUs for prior period services. | |
CY2023Q2 | us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
the Company issued 187,500 shares of common stock for current period services, as follows: 62,500 shares were issued at $0.091 per share for a total dollar value of $5,687, 62,500 shares were issued at $0.0909 per share for a total dollar value of $5,681, and 62,500 shares were issued at $0.1399 per share for a total dollar value of $8,744, all related to compensation to a consultant. The Company issued 802,000 shares of common stock for vested RSUs for current period services, as follows: 550,000 shares were issued at $0.098 per share for a total dollar value of $53,900, 187,000 shares were issued at $0.0995 per share for a total dollar value of $18,607, 10,000 shares were issued at $0.1088 per share for a total dollar value of $1,088, and 55,000 shares were issued at $0.115 per share for a total dollar value of $6,325, all relating to employee compensation. | |
CY2023Q2 | crym |
Fair Value Of Rs Us Vested
FairValueOfRSUsVested
|
79920 | usd |
crym |
Fair Value Of Rs Us Vested
FairValueOfRSUsVested
|
327810 | usd | |
CY2022Q2 | crym |
Fair Value Of Rs Us Vested
FairValueOfRSUsVested
|
317000 | usd |
crym |
Fair Value Of Rs Us Vested
FairValueOfRSUsVested
|
1165600 | usd | |
crym |
Unrecognized Stock Based Compensation
UnrecognizedStockBasedCompensation
|
416205 | usd | |
crym |
Unrecognized Stock Based Compensation
UnrecognizedStockBasedCompensation
|
274241 | usd | |
CY2022Q2 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
usd | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
usd | ||
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | ||
CY2023Q2 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
2540550 | shares |
us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
0.25 | ||
CY2021Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
73950000 | shares |
CY2021 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
0.4 | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2023Q2 | crym |
Common Stock To Be Issued
CommonStockToBeIssued
|
usd | |
us-gaap |
Revenues
Revenues
|
usd | ||
us-gaap |
Gross Profit
GrossProfit
|
usd | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
200164004 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
200596549 | shares |
CY2023Q1 | crym |
Common Stock Issued For Prior Period Services
CommonStockIssuedForPriorPeriodServices
|
usd | |
CY2023Q1 | crym |
Common Stock Issued For Vested Rs Us Value For Prior Period Services
CommonStockIssuedForVestedRSUsValueForPriorPeriodServices
|
usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
usd | ||
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
usd | ||
crym |
Loss On Impairment Of Intangible Assets
LossOnImpairmentOfIntangibleAssets
|
usd | ||
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
usd | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
crym |
Common Stock Issued For Vested Rs Us For Current Period Service
CommonStockIssuedForVestedRSUsForCurrentPeriodService
|
usd | ||
crym |
Stockbased Compensation For Vested Rs Us For Current Period Services
StockbasedCompensationForVestedRSUsForCurrentPeriodServices
|
usd | ||
crym |
Common Stock Issued For The Current Period Services
CommonStockIssuedForTheCurrentPeriodServices
|
usd | ||
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
usd | ||
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
usd | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-3584807 | usd | |
crym |
Purchase Of Property And Equipment On Credit
PurchaseOfPropertyAndEquipmentOnCredit
|
usd | ||
crym |
Debt Discount Recognized From Warrants Issued In Conjunction With Notes Payable
DebtDiscountRecognizedFromWarrantsIssuedInConjunctionWithNotesPayable
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001533030 |