$CUEN
Cuentas Inc.

2022 Q3 Form 10-Q Financial Statement

#000121390022048037 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.143M $670.0K $394.0K
YoY Change 948.62% 332.26% 71.3%
Cost Of Revenue $1.027M $615.0K $260.0K
YoY Change 1028.57% 2573.91% 4.0%
Gross Profit $116.0K $55.00K $134.0K
YoY Change 544.44% -58.33% -770.0%
Gross Profit Margin 10.15% 8.21% 34.01%
Selling, General & Admin $1.929M $2.744M $3.289M
YoY Change -2.38% 64.02% 188.51%
% of Gross Profit 1662.93% 4989.09% 2454.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $453.0K $452.0K $453.0K
YoY Change 0.22% -0.66% 0.67%
% of Gross Profit 390.52% 821.82% 338.06%
Operating Expenses $2.382M $3.196M $3.742M
YoY Change -1.89% 50.33% 135.35%
Operating Profit -$2.266M -$3.141M -$3.608M
YoY Change -5.98% 57.52% 124.1%
Interest Expense $1.000K $3.000K -$1.000K
YoY Change -80.0% -99.17%
% of Operating Profit
Other Income/Expense, Net $1.000K -$34.00K
YoY Change -200.0% 385.71%
Pretax Income -$2.265M -$3.175M -$3.609M
YoY Change -5.86% 58.67% 114.82%
Income Tax
% Of Pretax Income
Net Earnings -$2.275M -$3.186M -$3.624M
YoY Change -5.44% 59.22% 115.71%
Net Earnings / Revenue -199.04% -475.52% -919.8%
Basic Earnings Per Share -$0.14 -$0.21 -$3.15
Diluted Earnings Per Share -$0.14 -$0.21 -$242.2K
COMMON SHARES
Basic Shares Outstanding 16.72M shares 15.05M shares 1.151M shares
Diluted Shares Outstanding 16.04M shares 15.05M shares 1.151M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.108M $1.798M $4.335M
YoY Change -75.91% -71.22% -33.61%
Cash & Equivalents $2.108M $1.798M $4.335M
Short-Term Investments
Other Short-Term Assets $57.00K $99.00K $192.0K
YoY Change -81.67% -69.91% 28.0%
Inventory
Prepaid Expenses
Receivables $264.0K $129.0K $92.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.429M $2.026M $4.619M
YoY Change -73.23% -69.26% -31.37%
LONG-TERM ASSETS
Property, Plant & Equipment $9.000K $9.000K $9.000K
YoY Change 125.0% 125.0%
Goodwill
YoY Change
Intangibles $4.080M $4.533M
YoY Change
Long-Term Investments $892.0K $902.0K $63.00K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.981M $5.444M $5.057M
YoY Change -15.49% -14.21% -25.63%
TOTAL ASSETS
Total Short-Term Assets $2.429M $2.026M $4.619M
Total Long-Term Assets $4.981M $5.444M $5.057M
Total Assets $7.410M $7.470M $9.676M
YoY Change -50.49% -42.25% -28.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.216M $1.919M $1.537M
YoY Change -5.44% 28.53% 9.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $106.0K $103.0K $100.0K
YoY Change 10.42% 8.42% -70.59%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.720M $3.537M $3.224M
YoY Change -8.94% 5.11% -0.8%
LONG-TERM LIABILITIES
Long-Term Debt $89.00K $89.00K $89.00K
YoY Change 0.0% 0.0% -1.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $89.00K $89.00K $89.00K
YoY Change 0.0% 0.0% -1.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.720M $3.537M $3.224M
Total Long-Term Liabilities $89.00K $89.00K $89.00K
Total Liabilities $2.809M $3.626M $3.313M
YoY Change -8.68% 4.98% -0.81%
SHAREHOLDERS EQUITY
Retained Earnings -$47.30M -$45.03M
YoY Change
Common Stock $17.00K $15.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.601M $3.844M $6.363M
YoY Change
Total Liabilities & Shareholders Equity $7.410M $7.470M $9.676M
YoY Change -50.49% -42.25% -28.48%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.275M -$3.186M -$3.624M
YoY Change -5.44% 59.22% 115.71%
Depreciation, Depletion And Amortization $453.0K $452.0K $453.0K
YoY Change 0.22% -0.66% 0.67%
Cash From Operating Activities -$2.378M -$1.920M -$2.225M
YoY Change -2.98% 35.59% -33.78%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$7.000K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$617.0K -$40.00K
YoY Change -20.0%
Cash From Investing Activities $0.00 -$617.0K -$47.00K
YoY Change -20666.67% -6.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.688M 0.000
YoY Change -45.77% -100.0%
NET CHANGE
Cash From Operating Activities -2.378M -1.920M -2.225M
Cash From Investing Activities 0.000 -617.0K -47.00K
Cash From Financing Activities 2.688M 0.000
Net Change In Cash 310.0K -2.537M $0.00
YoY Change -87.63% 988.84% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$2.378M -$1.920M -$2.225M
Capital Expenditures $0.00 $0.00 -$7.000K
Free Cash Flow -$2.378M -$1.920M -$2.218M
YoY Change -2.98% 40.25% -33.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address Address Line1
EntityAddressAddressLine1
235 Lincoln Rd.
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 210
dei Entity Address City Or Town
EntityAddressCityOrTown
Miami Beach
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33139
dei City Area Code
CityAreaCode
800
dei Local Phone Number
LocalPhoneNumber
611-3622
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39973
dei Entity Registrant Name
EntityRegistrantName
CUENTAS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
FL
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-3537265
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
CUEN
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16720690 shares
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1798000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6607000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
129000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
99000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
162000 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
2026000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
6780000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2000 usd
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
902000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
38000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4533000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5438000 usd
CY2022Q2 us-gaap Assets
Assets
7470000 usd
CY2021Q4 us-gaap Assets
Assets
12258000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1919000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
810000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
990000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1126000 usd
CY2022Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
524000 usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
683000 usd
CY2022Q2 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
103000 usd
CY2021Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
97000 usd
CY2022Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
1000 usd
CY2021Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
3000 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3537000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2719000 usd
CY2022Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
89000 usd
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
89000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
3626000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
2808000 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
360000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
360000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15065690 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15065690 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14965690 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14965690 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
15000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
15000 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
48858000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
47654000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45029000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-38219000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3844000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
9450000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7470000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12258000 usd
CY2022Q2 us-gaap Revenues
Revenues
670000 usd
CY2021Q2 us-gaap Revenues
Revenues
155000 usd
us-gaap Revenues
Revenues
1064000 usd
us-gaap Revenues
Revenues
380000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
615000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
23000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
875000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
270000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
55000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
132000 usd
us-gaap Gross Profit
GrossProfit
189000 usd
us-gaap Gross Profit
GrossProfit
110000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
452000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
453000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
905000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
905000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2744000 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1673000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6033000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2811000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
3196000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
2126000 usd
us-gaap Operating Expenses
OperatingExpenses
6938000 usd
us-gaap Operating Expenses
OperatingExpenses
3716000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3141000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1994000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-6749000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3606000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-32000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-50000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-32000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
3000 usd
us-gaap Interest Expense
InterestExpense
4000 usd
us-gaap Interest Expense
InterestExpense
172000 usd
CY2022Q2 cuen Gain On Fair Value Measurement Of Stock Based Liabilities
GainOnFairValueMeasurementOfStockBasedLiabilities
1000 usd
CY2021Q2 cuen Gain On Fair Value Measurement Of Stock Based Liabilities
GainOnFairValueMeasurementOfStockBasedLiabilities
43000 usd
cuen Gain On Fair Value Measurement Of Stock Based Liabilities
GainOnFairValueMeasurementOfStockBasedLiabilities
1000 usd
cuen Gain On Fair Value Measurement Of Stock Based Liabilities
GainOnFairValueMeasurementOfStockBasedLiabilities
99000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-34000 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-35000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-70000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3175000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2001000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-6784000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3676000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-3186000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2001000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6810000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3676000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15047212 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13438215 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15006899 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12878116 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
9450000 usd
us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
1204000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6810000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3844000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
6363000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
667000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-3186000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3844000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
931000 usd
us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
4000 usd
us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
324000 usd
cuen Shares Issued Due To Exercise Of Warrants Net Of Issuance Expenses
SharesIssuedDueToExerciseOfWarrantsNetOfIssuanceExpenses
1204000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
81000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3676000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
9482000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
10188000 usd
CY2021Q2 cuen Shares Issued Due To Exercise Of Warrants Net Of Issuance Expenses
SharesIssuedDueToExerciseOfWarrantsNetOfIssuanceExpenses
1204000 usd
CY2021Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
4000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
6000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
81000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2001000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
9482000 usd
us-gaap Profit Loss
ProfitLoss
6810000 usd
us-gaap Profit Loss
ProfitLoss
3676000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1204000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
286000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-26000 usd
cuen Available For Sale Securitie
AvailableForSaleSecuritie
1000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
88000 usd
cuen Gain From Changes In On Fair Value Of Stockbased Liabilities
GainFromChangesInOnFairValueOfStockbasedLiabilities
2000 usd
cuen Gain From Changes In On Fair Value Of Stockbased Liabilities
GainFromChangesInOnFairValueOfStockbasedLiabilities
50000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
905000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
905000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
351000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-63000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
317000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1109000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-964000 usd
cuen Increase Decrease In Other Account Payable
IncreaseDecreaseInOtherAccountPayable
-136000 usd
cuen Increase Decrease In Other Account Payable
IncreaseDecreaseInOtherAccountPayable
-1084000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
44000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10840000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4809000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6017000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-159000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4145000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4776000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
47000 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
657000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-664000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
355000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1307000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
730000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10614000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6607000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
227000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1798000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6244000 usd
cuen Common Stock Issued For Settlement Of Stockbased Liabilities
CommonStockIssuedForSettlementOfStockbasedLiabilities
81000 usd
us-gaap Stock Issued1
StockIssued1
233000 usd
cuen Issuance Fee With Connection To Issuance Of Common Stock Due To Exercise Of Warrants
IssuanceFeeWithConnectionToIssuanceOfCommonStockDueToExerciseOfWarrants
103000 usd
CY2005Q3 cuen Subsidiary Of Limited Liability Company Or Limited Partnerships Ownership Interests
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipsOwnershipInterests
1 pure
CY2022Q2 cuen Subsidiary Of Limited Liability Company Or Limited Partnerships Ownership Interests
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipsOwnershipInterests
0.8001 pure
CY2022Q2 cuen Offering Cost
OfferingCost
2459000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40 pure
cuen Acquire Interests Percentage
AcquireInterestsPercentage
0.8001 pure
CY2022Q2 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
1798 usd
cuen Working Capital
WorkingCapital
1511 usd
CY2022Q2 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
45029 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration:underline">Use of Estimates</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, certain revenues and expenses, and disclosure of contingent assets and liabilities as of the date of the financial statements. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
683000 usd
cuen Change In Deferred Revenue
ChangeInDeferredRevenue
-159000 usd
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
524000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
524000 usd
CY2022Q2 cuen Revenue Remaining Performances Obligation Percentage
RevenueRemainingPerformancesObligationPercentage
1 pure
CY2022Q2 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1000 usd
CY2021Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3000 usd
CY2021Q4 cuen Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberBeginning
1585200 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.8
CY2022Q2 cuen Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberBeginning
1985200 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.51
CY2022Q2 cuen Fair Value Options
FairValueOptions
134000 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
50000 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
213000 usd
cuen Schedule Of Related Party Payables Net Of Discounts Text Table Block
ScheduleOfRelatedPartyPayablesNetOfDiscountsTextTableBlock
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">June 30,<br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,<br/> 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">(dollars in thousands)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-bottom: 1.5pt">(a) Due to Cima Telecom Inc.</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; width: 9%; text-align: right">746</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 9%; text-align: right">552</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 4pt">Total Due to related parties</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">746</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">552</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022Q2 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
746000 usd
CY2020Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
552000 usd
CY2021 cuen Annual Fees
AnnualFees
700000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
16000 usd
cuen Consulting Service
ConsultingService
30000 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
918000 usd
CY2021Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
292000 usd
CY2021Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
12000 usd
CY2021Q1 cuen Consulting Service
ConsultingService
30000 usd
CY2022Q2 cuen Directorship Fees
DirectorshipFees
599000 usd
CY2021Q2 cuen Directorship Fees
DirectorshipFees
246000 usd
cuen Consulting Service
ConsultingService
121000 usd
CY2017Q4 cuen Legal Settlement Alleging Claim
LegalSettlementAllegingClaim
a complaint was filed by J. P. Carey Enterprises, Inc. (“JP Carey”) alleging a claim for $473 related to Franjose Yglesias-Bertheau, a former Vice President of PLKD. Even though the Company made the agreed payment of $10on January 2, 2017 and issued 6,001 shares of Common Stock as conversion of the $70,000 note as agreed in its settlement agreement, JP Carey alleges damages that the Company claims are without merit because JP Carey received full compensation as agreed.
CY2019Q1 cuen New Claimed Damages Total
NewClaimedDamagesTotal
1108000 usd
CY2022Q3 cuen Fee And Cost
FeeAndCost
40000 usd
CY2022Q2 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
32000000 usd
CY2019Q2 us-gaap Product Liability Contingency Description
ProductLiabilityContingencyDescription
the Company received a notice of demand for arbitration from Secure IP Telecom, Inc. (“Secure IP), who allegedly had a Reciprocal Carrier Services Agreement (“RCS”) exclusively with Limecom and not with the Company. The arbitration demand originated from another demand for arbitration that Secure IP received from VoIP Capital International (“VoIP”) in March 2019, demanding $1,053 in damages allegedly caused by unpaid receivables that Limecom assigned to VoIP based on the RCS. On or about October 5, 2020, the trial court appointed a receiver over Limecom, Inc. (“Limecom”) in the matter of Spectrum Intelligence Communications Agency, LLC. v. Limecom, Inc., case no. 2018-027150-CA-01 pending in the 11th Circuit for Miami-Dade County, Florida. On June 5, 2020, Secure IP Telecom, Inc. (“Secure IP”) filed a complaint against Limecom, Heritage Ventures Limited (“Heritage”), an unrelated third party and owner of Limecom, and the Company, case no. 20-11972-CA-01. Secure IP alleges that the Company received certain transfers from Limecom during the period that the Company wholly owned Limecom that may be an avoidable under Florida Statute § 725.105. On July 13, 2021, the two cases were consolidated, and are now pending before the same trial court under the former case number. The Company has answered and denied any liability with respect to both complaints. To the extent the Company has exposure for any transfers from Limecom, Heritage has indemnified the Company for any such liability and the Company has a pending cross-claim against Heritage for purposes of enforcing the indemnification obligation. A review of the books and records of the Company reflect aggregate transfers from Limecom to the Company or its affiliates of less than $600,000. The Company’s books and records reflect that the Company fully reimbursed Limecom through direct payment of expenses of Limecom and through issuance of shares by the Company to employees or other vendors on behalf of Limecom for settlement and release of claims the employees or vendors may have asserted against Limecom. The books and records of the Company therefore do not reflect an identifiable avoidable transfer, but this analysis may change as the discovery process continues. At this time, based upon an analysis of the Company’s books and records, the loss contingency is not capable of reasonable estimation under the above circumstances, and the likelihood of an adverse judgment is not probable at this time. An adverse judgment in this matter is reasonably possible and based upon an analysis of litigation costs and likelihood of a settlement, the undersigned recommends a litigation reserve of $200 to $300 thousand.
cuen Accrued Amount
AccruedAmount
300000 usd
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
7000 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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
0001424657
cuen Gross Proceeds Percentage
GrossProceedsPercentage
0.07 pure
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
295683 shares
CY2022Q2 us-gaap Share Price
SharePrice
0.8878
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
cuen Available For Sale Securitie
AvailableForSaleSecuritie
usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
cuen Common Stock Issued For Settlement Of Stockbased Liabilities
CommonStockIssuedForSettlementOfStockbasedLiabilities
usd
us-gaap Stock Issued1
StockIssued1
usd
cuen Issuance Fee With Connection To Issuance Of Common Stock Due To Exercise Of Warrants
IssuanceFeeWithConnectionToIssuanceOfCommonStockDueToExerciseOfWarrants
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares

Files In Submission

Name View Source Status
0001213900-22-048037-index-headers.html Edgar Link pending
0001213900-22-048037-index.html Edgar Link pending
0001213900-22-048037.txt Edgar Link pending
0001213900-22-048037-xbrl.zip Edgar Link pending
cuen-20220630.xsd Edgar Link pending
f10q0622ex31-1_cuentasinc.htm Edgar Link pending
f10q0622ex31-2_cuentasinc.htm Edgar Link pending
cuen-20220630_cal.xml Edgar Link unprocessable
cuen-20220630_def.xml Edgar Link unprocessable
cuen-20220630_lab.xml Edgar Link unprocessable
cuen-20220630_pre.xml Edgar Link unprocessable
f10q0622ex32-1_cuentasinc.htm Edgar Link pending
f10q0622ex32-2_cuentasinc.htm Edgar Link pending
f10q0622_cuentasinc.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
f10q0622_cuentasinc_htm.xml Edgar Link completed