2023 Q1 Form 10-K Financial Statement

#000121390023025603 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $64.00K $787.0K $2.994M
YoY Change -83.76% 656.73% 404.89%
Cost Of Revenue $123.0K $606.0K $2.508M
YoY Change -52.69% 461.11% 434.75%
Gross Profit -$59.00K $181.0K $486.0K
YoY Change -144.03% -4625.0% 291.94%
Gross Profit Margin -92.19% 23.0% 16.23%
Selling, General & Admin $1.625M $1.469M $9.431M
YoY Change -50.59% -64.97% 5.02%
% of Gross Profit 811.6% 1940.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.000K $455.0K $1.813M
YoY Change -99.56% 0.22% 0.11%
% of Gross Profit 251.38% 373.05%
Operating Expenses $1.627M $1.921M $14.84M
YoY Change -56.52% -58.64% 37.56%
Operating Profit -$1.686M -$1.740M -$14.36M
YoY Change -53.27% -62.57% 34.6%
Interest Expense -$1.000K $10.00K $8.000K
YoY Change 0.0% 66.67% -112.9%
% of Operating Profit
Other Income/Expense, Net $65.00K -$100.0K -$132.0K
YoY Change 9900.0% -13300.0%
Pretax Income -$1.686M -$5.430M $14.48K
YoY Change -53.28% 16.93% -100.13%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$1.695M -$5.446M -$14.53M
YoY Change -53.23% 17.22% 35.45%
Net Earnings / Revenue -2648.44% -691.99% -485.34%
Basic Earnings Per Share -$1.00 -$11.81
Diluted Earnings Per Share -$1.00 -$3.95 -$11.81
COMMON SHARES
Basic Shares Outstanding 2.104M shares 16.72M shares 1.231M shares
Diluted Shares Outstanding 1.696M shares 1.231M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.328M $466.0K $466.0K
YoY Change -23.23% -92.95% -92.95%
Cash & Equivalents $3.328M $466.0K $466.0K
Short-Term Investments
Other Short-Term Assets $52.00K $14.00K $14.00K
YoY Change -72.92% -91.36% -91.36%
Inventory
Prepaid Expenses
Receivables $221.0K $209.0K $209.0K
Other Receivables $88.00K $0.00 $0.00
Total Short-Term Assets $3.689M $689.0K $689.0K
YoY Change -20.13% -89.84% -89.84%
LONG-TERM ASSETS
Property, Plant & Equipment $6.000K $6.000K $6.000K
YoY Change -33.33% 200.0% 200.0%
Goodwill
YoY Change
Intangibles $26.00K $28.00K
YoY Change -99.49%
Long-Term Investments $1.468M $776.0K $776.0K
YoY Change 2230.16% 1942.11% 1942.11%
Other Assets
YoY Change
Total Long-Term Assets $1.500M $810.0K $810.0K
YoY Change -70.34% -85.21% -85.21%
TOTAL ASSETS
Total Short-Term Assets $3.689M $689.0K $689.0K
Total Long-Term Assets $1.500M $810.0K $810.0K
Total Assets $5.189M $1.499M $1.499M
YoY Change -46.37% -87.77% -87.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.224M $1.231M $1.231M
YoY Change -20.36% 51.98% 51.98%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $112.0K $109.0K $109.0K
YoY Change 12.0% 12.37% 12.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.221M $2.134M $2.134M
YoY Change -31.11% -21.52% -21.52%
LONG-TERM LIABILITIES
Long-Term Debt $89.00K $89.00K $89.00K
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $89.00K $89.00K $89.00K
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.221M $2.134M $2.134M
Total Long-Term Liabilities $89.00K $89.00K $89.00K
Total Liabilities $2.310M $2.223M $2.223M
YoY Change -30.27% -20.83% -20.83%
SHAREHOLDERS EQUITY
Retained Earnings -$54.45M -$52.75M
YoY Change 38.02%
Common Stock $2.000K $19.00K
YoY Change 26.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.00K $29.00K
YoY Change
Treasury Stock Shares
Shareholders Equity $2.879M -$724.0K -$724.0K
YoY Change
Total Liabilities & Shareholders Equity $5.189M $1.499M $1.499M
YoY Change -46.37% -87.77% -87.77%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.695M -$5.446M -$14.53M
YoY Change -53.23% 17.22% 35.45%
Depreciation, Depletion And Amortization $2.000K $455.0K $1.813M
YoY Change -99.56% 0.22% 0.11%
Cash From Operating Activities -$1.453M -$1.614M -$8.137M
YoY Change -34.7% -23.25% -12.79%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $7.000K
YoY Change -114.89%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$657.0K
YoY Change -100.0% -100.0% 1542.5%
Cash From Investing Activities $0.00 -$664.0K
YoY Change -100.0% 663.22%
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 $4.315M -28.00K $2.660M
YoY Change -83.16%
NET CHANGE
Cash From Operating Activities -$1.453M -1.614M -$8.137M
Cash From Investing Activities 0.000 -$664.0K
Cash From Financing Activities $4.315M -28.00K $2.660M
Net Change In Cash $2.862M -1.642M -$6.141M
YoY Change -23.38% -196.25%
FREE CASH FLOW
Cash From Operating Activities -$1.453M -$1.614M -$8.137M
Capital Expenditures $0.00 $7.000K
Free Cash Flow -$1.453M -$1.614M -$8.144M
YoY Change -34.49% -23.25% -12.27%

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466000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6607000 usd
CY2021 cuen Common Stock Issued For Settlement Of Stockbased Liabilities
CommonStockIssuedForSettlementOfStockbasedLiabilities
81000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
233000 usd
CY2021 cuen Issuance Fee With Connection To Issuance Of Common Stock Due To Exercise Of Warrants
IssuanceFeeWithConnectionToIssuanceOfCommonStockDueToExerciseOfWarrants
499000 usd
CY2022Q4 cuen Cuentas Sdi Network Of Over Bodegas
CuentasSDINetworkOfOverBodegas
31000 pure
CY2022Q4 cuen Cuentas Accountholders Expenses
CuentasAccountholdersExpenses
500000 usd
CY2005Q3 cuen Subsidiary Of Limited Liability Company Or Limited Partnerships Ownership Interests
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipsOwnershipInterests
1 pure
CY2022 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
100 usd
CY2022Q2 cuen Subsidiary Of Limited Liability Company Or Limited Partnerships Ownership Interests
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipsOwnershipInterests
0.8001 pure
CY2022Q2 cuen Additional Purchase Price
AdditionalPurchasePrice
2459000000 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40 pure
CY2022Q3 cuen Acquire Interests Percentage
AcquireInterestsPercentage
0.8001 pure
CY2021 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
260854 shares
CY2021 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
121938 shares
CY2021Q1 cuen Reverse Stock Split Description
ReverseStockSplitDescription
As a result of the reverse stock split, the following changes have occurred (i) every thirteen shares of common stock have been combined into one share of common stock; (ii) the number of shares of common stock underlying each common stock option or common stock warrant have been proportionately decreased on a 13-for-1 basis, and the exercise price of each such outstanding stock option and common warrant has been proportionately increased on a 13-for-1 basis. Accordingly, all option numbers, share numbers, warrant numbers, share prices, warrant prices, exercise prices and losses per share have been adjusted within these consolidated financial statements, on a retroactive basis, to reflect this 13-for-1 reverse stock split.
CY2022Q4 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
466000 usd
CY2022 cuen Working Capital
WorkingCapital
1445000 usd
CY2022Q4 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
724000 usd
CY2022 cuen Accumulated Deficit
AccumulatedDeficit
52750000 usd
CY2021Q1 cuen Description Of License Agreement
DescriptionOfLicenseAgreement
Pursuant to the Underwriting Agreement, the Company also agreed to issue to Maxim warrants (the “Underwriter’s Warrants”) to purchase up to a total of 17,174 shares of Common Stock (8% of the shares of Common Stock sold in the Offering).
CY2022 cuen Warrant Term
WarrantTerm
P5Y
CY2022Q4 cuen Offering Costs
OfferingCosts
1400000 usd
CY2022Q3 cuen Purchase Agreement Description
PurchaseAgreementDescription
the Company, entered into a Securities Purchase Agreement (“Purchase Agreement”) with an institutional investor (the “Purchaser”) pursuant to which the Purchaser agreed to purchase, and the Company agreed to issue and sell to the Purchaser in a private placement, an aggregate of 127,308 shares of the Company’s common stock, $0.001 par value, pre-funded warrants to purchase up to 197,620 shares of Common and warrants to purchase up to 324,928 shares of Common Stock. The purchase price per Share and associated Common Stock Warrant was $9.23 and the purchase price per Pre Funded Warrant and associated Common Stock Warrant was $9.23. Each Common Stock Warrant entitles the holder to purchase one share of Common Stock at an exercise price of $7.67 per share. Each Pre Funded Warrant entitles the holder to purchase one share of Common Stock at an exercise price of $0.0001 per share. The Common Stock Warrants are exercisable for a period of five years and six months commencing on the issuance date and the Pre Funded Warrants are exercisable until exercised. The Warrants also contain customary beneficial ownership limitations that may be waived at the option of each holder upon 61 days’ notice to the Company. The Private Placement closed on August 8, 2022.
CY2022Q3 us-gaap Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
3000000 usd
CY2022Q3 cuen Gross Proceeds Percentage
grossProceedsPercentage
0.07 pure
CY2022Q3 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
22745 shares
CY2022Q3 cuen Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisables
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisables
P5Y
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.54
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“‘US GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. As applicable to the consolidated financial statements, the most significant estimates and assumptions relate to allowances for impairment of intangible assets and fair value of stock-based compensation and fair value calculations related to embedded derivative features of outstanding convertible notes payable.</span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></p>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration:underline">Reclassification of Prior Year Presentation</span></span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.</span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
177000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20000 usd
CY2022 us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
3600000 usd
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
615 shares
CY2022 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration:underline">Revenue Recognition </span></span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company follows paragraph 605-10-S99 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable and (iv) collectability is reasonably assured. The Company primarily generates revenues through the brokering of sales of minutes from one telecommunications carrier to another and to a lesser extent the sales of prepaid calling minutes to consumers through its Tel3 division. While the Company collects payment for such minutes in advance, revenue is recognized upon delivery to and consumption of minutes by the consumer. Minutes are forfeited buy the consumer after twelve consecutive months of non-use at which point the Company recognizes revenue from the forfeiture of prepaid minutes.</span></p><p style="font: 10pt Times New Roman, Times, Serif; padding-left: 0pt; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; padding-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is also recognize revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers (ASC 606), when a customer obtains control of promised goods or services, in an amount that reflects the consideration which the Company expect to receive in exchange for those goods or services. To determine whether arrangements are within the scope of ASC 606, the Company perform the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies its performance obligation. The Company apply the five-step model to contracts when it is probable that the Company will collect the consideration the Company are entitled to in exchange for the goods or services the Company transfer to the customer. At contract inception, once the contract is determined to be within the scope of this guidance, the Company assessed the goods or services promised within each contract and identify, as a performance obligation, and assess whether each promised good or service is distinct. The Company then recognize as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.<b> </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; padding-left: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
128477 shares
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
37000 usd
CY2021Q3 us-gaap Obligation With Joint And Several Liability Arrangement Description
ObligationWithJointAndSeveralLiabilityArrangementDescription
Each of the Company and WaveMAX agrees to fund $120,000 (for a total of $240,000) initially upon execution of the Agreement. In addition, each of Cuentas and WaveMAX has agreed to fund an additional $127,500 over the succeeding five months, in each case, subject to approval of each party’s board of directors. The expenses of the JV Project shall include acquiring the Access Points hardware, the installation and configuration of the Access Points hardware for use with the broadband internet service at each Retail Location, entering into the necessary agreements with the Retail Locations, instore marketing and promotion of the WSN program, and expenses relating to commercialization of the digital advertising program. The Board of Directors of CUENTASMAX shall initially be comprised of four persons, two designated by Cuentas, one designated by WaveMAX, and one designated by Execon. The officers of CUENTASMAX shall be the persons from time to time designated by mutual agreement of Cuentas and WaveMAX, with the initial officers to be determined. Up to 1,000 high traffic, prime location convenience stores and “bodegas” (small community markets) will be signed up in conjunction with Cuentas’ distribution network that sells prepaid debit card, e-store, e-wallet and digital services. A fee of 2% (two percent) of the Net Revenue of CUENTASMAX will be paid by CUENTASMAX on a monthly basis as a commission to Innovateur Management SAPI de CV. WaveMax and Innovateur Management, SAPI de CV will be included in the Cuentas Share Incentive plan subject to approval by the Cuentas BOD and approval by Cuentas shareholders and Side Letter Participants at the next scheduled Annual Shareholders meeting. WaveMAX grants CUENTASMAX exclusive rights to use and deploy the WaveMAX Technology, including any and all patents owned or to be owned by WaveMAX and any and all related enhancements or applications of the WaveMAX Technology and any and all prior and subsequent improvements and/or new technology developed by WaveMAX solely in Cuentas BODEGAS network throughout the United States. The parties have agreed to expand CUENTASMAX to other areas of the US once the current deployment is in progress or has been completed. As of December 31,2022, the Company funded $80 in CUENTASMAX and recorded equity losses in the amount of $58.
CY2022Q2 us-gaap Acquisition Cost Ratio
AcquisitionCostRatio
0.1999 pure
CY2022Q2 cuen Addition Loan Amount
AdditionLoanAmount
750000000 usd
CY2022Q2 cuen Loan Amount
LoanAmount
100000000 usd
CY2019Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
9000000 usd
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.25 pure
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
9000000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
9000000 usd
CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P60M
CY2021Q1 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
47000 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
47000 usd
CY2021Q1 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P60M
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
10000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
10000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
8000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
28000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1810000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1809000 usd
CY2022 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
3600 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
309000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1063000 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
105000 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
63000 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
267000 usd
CY2022Q4 cuen Total Other Accounts Liabilities
TotalOtherAccountsLiabilities
681000 usd
CY2021Q4 cuen Total Other Accounts Liabilities
TotalOtherAccountsLiabilities
1126000 usd
CY2021Q1 cuen Accrued Bonuses Current And Noncurrent Description
AccruedBonusesCurrentAndNoncurrentDescription
Half of the bonus $250 was paid in cash and half will be paid in Common stock of the Company .
CY2021Q3 cuen Payment Description
PaymentDescription
On August 2, 2021, the Company’s Board of Directors approved the payment of the remainder of the up-listing bonus to Mr. Maimon and Mr. De Prado in the amount of $250 for each of them. On the same date, the Company paid $250 to Mr. Maimon and $250 for Mr. De Prado as described above.
CY2021Q1 cuen Bonus Payment Percentage
BonusPaymentPercentage
0.025 pure
CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P3Y
CY2021Q3 cuen Salaries And Wages Percentage
SalariesAndWagesPercentage
1 pure
CY2021Q3 cuen Employment Agreements Term Description
EmploymentAgreementsTermDescription
In consideration of Mr. Johnson’s agreement to enter into the Johnson Employment Agreement and remain with the Company, Mr. Johnson was to receive a one-time signing bonus in the amount of two hundred thousand dollars ($200), which is to be paid in two (2) installments: the first installment of one hundred thousand dollars ($100) to be paid on the Company’s next regular payday following the hire date of August 25, 2021, which was paid on August 30, 2021, and the second installment of one hundred thousand dollars ($100) to be paid on Company’s next regular payday following the first (1st) anniversary of the hire date of August 25, 2021, provided that Mr. Johnson is employed by the Company on such relevant payment date.
CY2021Q3 us-gaap Salaries And Wages
SalariesAndWages
245000 usd
CY2022 us-gaap Broadcasters License Agreement Commitments Description
BroadcastersLicenseAgreementCommitmentsDescription
Pursuant to the License Agreement, the Company shall pay CIMA annual fees for the maintenance and support services in accordance with the following schedule: (i) for the first (1st) calendar year from the Effective Date, $300 were paid in 2020; (ii) for the second (2nd) calendar year from the Effective Date, $500 , were paid in 2021; (iii) for the third (3rd) calendar year from the Effective Date, $700 to be paid during 2022; (iv) for the fourth (4th) calendar year from the Effective Date, $1,000 to be paid on December 31, 2022; (v) for the fifth (5th) calendar year from the Effective Date, $640 to be paid on December 31, 2022; and (vi) for each calendar year thereafter, $640 to be paid on the anniversary date
CY2022 cuen Schedule Of Related Party Payables Net Of Discounts Text Table Block
ScheduleOfRelatedPartyPayablesNetOfDiscountsTextTableBlock
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-indent: -0.125in"> </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/> 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/> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-indent: -0.125in"> </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 style="padding-left: 0.125in; text-indent: -0.125in"> </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="padding-left: 0.125in; text-indent: -0.125in; width: 76%; text-align: left; padding-bottom: 1.5pt">SDI Cuentas LLC, net of allowance for credit losses of $157 and $0 as of December 31, 2022 and December 31,2021, respectively.</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">198</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">1</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: left; padding-bottom: 4pt">Total Due from 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">198</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">1</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31,<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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31,<br/> 2021</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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">(dollars in thousands)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </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="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-75">     -</div></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">250</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 from related parties</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-76">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">250</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">   </span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Composed from annual fees in the amount of $250 for the maintenance and support services in accordance with the software maintenance agreement for the second calendar year from the Effective Date and other software development services.</span></td> </tr></table><p style="padding-left: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Cost Maintenance
CostMaintenance
250000 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1051000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
880000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
218000 usd
CY2021Q4 cuen Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Beginning
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberBeginning
121938 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
47.97
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2022Q2 cuen Fair Value Options
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CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2020Q4 cuen Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Beginning
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2022 cuen Ordinary Shares Reserved Incentive Plan
OrdinarySharesReservedIncentivePlan
124231 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022 us-gaap Conversion Of Stock Shares Issued1
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CY2022 us-gaap Treasury Stock Shares Acquired
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1473645 shares
CY2022Q3 cuen Common Stock Purchase Shares
CommonStockPurchaseShares
324928 shares
CY2022Q3 us-gaap Other Expenses
OtherExpenses
3000000 usd
CY2022 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
165000 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. 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.
CY2022 cuen Accrued Amount
AccruedAmount
300000 usd
CY2022Q2 cuen Platform Exclusive License Agreement Description
PlatformExclusiveLicenseAgreementDescription
the Company received a notice of default from CIMA Telecom, Inc. (“CIMA”) related to that certain Platform Exclusive License Agreement, maintenance, and related agreements by and among Cuentas, CIMA, Knetik, Inc., and Auris, LLC. The notice provides that Cuentas has failed to pay $700 of maintenance and pass-through fees that CIMA alleges are owed under the License Agreement and also afforded Cuentas the required sixty-day period (through July 24, 2022) to cure the default as provided under the License Agreement.. On August 2, 2022, the Company and CIMA, along with two of CIMA’s wholly-owned subsidiaries, Knetik, Inc. and Auris, LLCexecuted a Settlement Agreement and General Release which resolves the issues related to the July 8, 2022 notice of default from CIMA related to that certain Platform Exclusive License Agreement, maintenance, and related agreements by and among Cuentas, CIMA, Knetik, Inc., and Auris, LLC. The Parties executed Mutual General Releases and the settlement terms are as follows: In exchange for the consideration provided in the Settlement Agreement, (1) the Company paid CIMA $350on August 2, 2022 and (2) on or before 5:00 p.m New York City time, on August 15, 2022, Cuentas will pay CIMA the balance of the Unpaid Fees ($420.239) by wire transfer (3) Cuentas will a period of 30 days from execution date, the exclusive right to facilitate a third party (including to current shareholders and directors of Cuentas) purchase (without markup or broker fee) of, all of the shares of Cuentas held by CIMA at the higher of: (i) the average per share trading price for the three day average before notice in writing is provided by Cuentas of the intent to purchase CIMA’s Cuentas shares, or (ii) the minimum price of $0.50 per share on or before 5:00 p.m. New York City time, on August 31, 2022 pursuant to a purchase agreement delivered by and acceptable to CIMA without any changes thereto (provided, that CIMA shall not be required to provide any representations or warranties other than fundamental warranties related to (a) organization and good standing, (b) power and authority to undertake the transaction and (c) ownership of such shares, and ordinary representations and warranties that the Cuentas shares are being transferred free and clear of any liens, claims, or encumbrances); and (iv) on or before 5:00 p.m. New York City time, on August 2, 2022, Cuentas shall, and shall cause (x) Dinar Zuz, LLC, (y) Michael De Prado and (z) Arik Maimon to provide signed waiver letters, expressly waiving any right of first refusal and co-sale rights granted in their favor under that certain letter agreement, dated December 31, 2019, by and among CIMA, Dinar Zuz, LLC, Michael Del Prado and Arik Maimon, and (y) CIMA agrees: (i) to restore immediately Cuentas’ access to the Platform upon receipt of the $350 payment ; (ii) to provide Cuentas with a limited license to utilize the Platform the terms of which are detailed specifically in Section 6 of the agreement, and to use reasonable efforts, subject to Cuentas’ compliance hereto, to provide Cuentas’ customer data to Cuentas through the end of the limited license term described below in Section 6 of the agreement; (iii) deliver to Cuentas the Source Code (as that term is defined in paragraph 1.18 of the License Agreement) relating to Out-Of-Scope Services, and as further detailed in Section 6 of the agreement; (iv) not enforce its rights under the Side Letter (as that term is defined in the paragraph 1.1 of the Purchase Agreement) through and including August 31, 2022, and (v) shall not transfer, sell, or encumber its Cuentas shares through and including August 31, 2022, except as permitted herein. Cuentas acknowledges and agrees that the amount of Unpaid Fees ($770.239) is valid and outstanding, and waives any right to dispute them. If Cuentas fails to comply with any term of this Settlement Agreement, in addition to the Stipulated Judgment described in Section 5 of the agreement, the limited license set forth in Section 6 and any of CIMA’s obligations under this Settlement Agreement shall become null and CIMA shall have the right to shut off Cuentas access to the Platform without notice.
CY2022Q4 cuen Company Financial Institution
CompanyFinancialInstitution
Crosshair Media Placement, LLC, a Kentucky based marketing company, filed and served a complaint on Cuentas for breach of contract alleging breach of contract damages of $629,807.74, which case remains pending in the United States District Court for the Western District of Kentucky, case no. 3:22-CV-512-CHB.
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
7000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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8165000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5464000 usd
CY2022Q4 cuen Deferred Tax Assets Adjustments
DeferredTaxAssetsAdjustments
1118000 usd
CY2021Q4 cuen Deferred Tax Assets Adjustments
DeferredTaxAssetsAdjustments
1015000 usd
CY2022Q4 cuen Valuation Allowance
ValuationAllowance
7047000 usd
CY2021Q4 cuen Valuation Allowance
ValuationAllowance
4449000 usd
CY2022 us-gaap Investment Company Contributed Capital To Committed Capital Ratio
InvestmentCompanyContributedCapitalToCommittedCapitalRatio
0.72 pure
CY2021 us-gaap Investment Company Contributed Capital To Committed Capital Ratio
InvestmentCompanyContributedCapitalToCommittedCapitalRatio
0.105 pure
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.50 pure
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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14479 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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10728 usd
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0.265 pure
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0.265 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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2842 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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-1854 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1662 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4449000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2598000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7047000 usd
CY2022 cuen Concentration Risk Percentage
ConcentrationRiskPercentage
0.0999 pure
CY2022 cuen Aggregate Cash Fee Percentage
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0.07 pure
CY2022 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.01 pure
CY2022 cuen Other Expense
OtherExpense
65000000 usd
CY2022 us-gaap Other General Expense
OtherGeneralExpense
15950000 usd
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
265152 shares
CY2022 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
1.782
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
4300 usd
CY2022 dei Auditor Firm
AuditorFirmId
6501
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2021 us-gaap Impairment Of Intangible Assets Finitelived
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CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2022 cuen Available For Sale Securitie
AvailableForSaleSecuritie
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CY2021 cuen Loan To Cuentas
LoanToCuentas
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CY2021 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
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CY2021 us-gaap Impairment Of Intangible Assets Finitelived
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CY2022 us-gaap Increase Decrease In Due To Related Parties
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Repayments Of Debt
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CY2022 us-gaap Repayments Of Related Party Debt
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CY2021 cuen Purchase Of Treasury Stock
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CY2022 us-gaap Proceeds From Issuance Of Warrants
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Tax Refunds Discontinued Operations
IncomeTaxRefundsDiscontinuedOperations
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CY2021 us-gaap Income Tax Refunds Discontinued Operations
IncomeTaxRefundsDiscontinuedOperations
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CY2022 cuen Common Stock Issued For Settlement Of Stockbased Liabilities
CommonStockIssuedForSettlementOfStockbasedLiabilities
usd
CY2022 cuen Issuance Fee With Connection To Issuance Of Common Stock Due To Exercise Of Warrants
IssuanceFeeWithConnectionToIssuanceOfCommonStockDueToExerciseOfWarrants
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CY2021Q4 us-gaap Accrued Bonuses Current
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CY2021Q3 us-gaap Salaries And Wages
SalariesAndWages
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CY2022 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
7693 shares
CY2022 cuen Actual Tax Incomeexpense
ActualTaxIncomeexpense
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CY2021 cuen Actual Tax Incomeexpense
ActualTaxIncomeexpense
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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