2023 Q4 Form 10-Q Financial Statement
#000121390023088510 Filed on November 20, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $1.346M | $895.0K | $787.0K |
YoY Change | 71.03% | -21.7% | 656.73% |
Cost Of Revenue | $1.486M | $971.0K | $606.0K |
YoY Change | 145.21% | -5.45% | 461.11% |
Gross Profit | -$140.0K | -$76.00K | $181.0K |
YoY Change | -177.35% | -165.52% | -4625.0% |
Gross Profit Margin | -10.4% | -8.49% | 23.0% |
Selling, General & Admin | $2.512M | $1.097M | $1.469M |
YoY Change | 71.0% | -43.13% | -64.97% |
% of Gross Profit | 811.6% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.000K | $4.000K | $455.0K |
YoY Change | -99.78% | -99.12% | 0.22% |
% of Gross Profit | 251.38% | ||
Operating Expenses | $2.510M | $1.104M | $1.921M |
YoY Change | 30.66% | -53.65% | -58.64% |
Operating Profit | -$2.650M | -$1.180M | -$1.740M |
YoY Change | 52.3% | -47.93% | -62.57% |
Interest Expense | $4.715M | -$2.000K | $10.00K |
YoY Change | 47050.0% | -300.0% | 66.67% |
% of Operating Profit | |||
Other Income/Expense, Net | $96.00K | -$2.000K | -$100.0K |
YoY Change | -196.0% | -300.0% | 9900.0% |
Pretax Income | $2.161M | -$1.182M | -$5.430M |
YoY Change | -139.8% | -47.81% | 16.93% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $2.098M | -$1.187M | -$5.446M |
YoY Change | -138.52% | -47.82% | 17.22% |
Net Earnings / Revenue | 155.87% | -132.63% | -691.99% |
Basic Earnings Per Share | -$0.53 | ||
Diluted Earnings Per Share | $0.67 | -$0.53 | -$3.95 |
COMMON SHARES | |||
Basic Shares Outstanding | 2.720M shares | 2.103M shares | 16.72M shares |
Diluted Shares Outstanding | 2.228M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $205.0K | $1.057M | $466.0K |
YoY Change | -56.01% | -49.86% | -92.95% |
Cash & Equivalents | $205.0K | $1.057M | $466.0K |
Short-Term Investments | |||
Other Short-Term Assets | $76.00K | $94.00K | $14.00K |
YoY Change | 442.86% | 64.91% | -91.36% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $7.000K | $860.0K | $209.0K |
Other Receivables | $1.472M | $1.055M | $0.00 |
Total Short-Term Assets | $1.760M | $2.105M | $689.0K |
YoY Change | 155.44% | -13.34% | -89.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $13.00K | $4.000K | $6.000K |
YoY Change | 116.67% | -55.56% | 200.0% |
Goodwill | |||
YoY Change | |||
Intangibles | $19.00K | $168.0K | $28.00K |
YoY Change | -32.14% | -95.88% | -99.49% |
Long-Term Investments | $2.928M | $3.000M | $776.0K |
YoY Change | 277.32% | 236.32% | 1942.11% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $2.960M | $3.172M | $810.0K |
YoY Change | 265.43% | -36.32% | -85.21% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.760M | $2.105M | $689.0K |
Total Long-Term Assets | $2.960M | $3.172M | $810.0K |
Total Assets | $4.720M | $5.277M | $1.499M |
YoY Change | 214.88% | -28.79% | -87.77% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.497M | $1.412M | $1.231M |
YoY Change | 21.61% | 16.12% | 51.98% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $26.00K | $118.0K | $109.0K |
YoY Change | -76.15% | 11.32% | 12.37% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.689M | $3.186M | $2.134M |
YoY Change | 119.73% | 17.13% | -21.52% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $101.0K | $89.00K | $89.00K |
YoY Change | 13.48% | 0.0% | 0.0% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $101.0K | $89.00K | $89.00K |
YoY Change | 13.48% | 0.0% | 0.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.689M | $3.186M | $2.134M |
Total Long-Term Liabilities | $101.0K | $89.00K | $89.00K |
Total Liabilities | $4.790M | $3.275M | $2.223M |
YoY Change | 115.47% | 16.59% | -20.83% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$54.95M | -$57.04M | -$52.75M |
YoY Change | 4.16% | 20.59% | 38.02% |
Common Stock | $54.91M | $59.08M | $19.00K |
YoY Change | 288894.74% | 347423.53% | 26.67% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $29.00K | ||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.500M | $2.002M | -$724.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.720M | $5.277M | $1.499M |
YoY Change | 214.88% | -28.79% | -87.77% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.098M | -$1.187M | -$5.446M |
YoY Change | -138.52% | -47.82% | 17.22% |
Depreciation, Depletion And Amortization | $1.000K | $4.000K | $455.0K |
YoY Change | -99.78% | -99.12% | 0.22% |
Cash From Operating Activities | -$992.0K | -$851.0K | -$1.614M |
YoY Change | -38.54% | -64.21% | -23.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $161.0K | $73.00K | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $301.0K | -$5.000K | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | $140.0K | -$78.00K | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 1.710M | -28.00K |
YoY Change | -100.0% | -36.38% | |
NET CHANGE | |||
Cash From Operating Activities | -992.0K | -851.0K | -1.614M |
Cash From Investing Activities | 140.0K | -78.00K | 0.000 |
Cash From Financing Activities | 0.000 | 1.710M | -28.00K |
Net Change In Cash | -852.0K | 781.0K | -1.642M |
YoY Change | -48.11% | 151.94% | -23.38% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$992.0K | -$851.0K | -$1.614M |
Capital Expenditures | $161.0K | $73.00K | $0.00 |
Free Cash Flow | -$1.153M | -$924.0K | -$1.614M |
YoY Change | -28.56% | -61.14% | -23.25% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2227973 | shares |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
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 |
Entity Address Address Line1
EntityAddressAddressLine1
|
235 Lincoln Rd. | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 210 | ||
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Entity Address City Or Town
EntityAddressCityOrTown
|
Miami Beach | ||
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Entity Address State Or Province
EntityAddressStateOrProvince
|
FL | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
33139 | ||
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City Area Code
CityAreaCode
|
800 | ||
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Local Phone Number
LocalPhoneNumber
|
611-3622 | ||
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Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
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Entity Interactive Data Current
EntityInteractiveDataCurrent
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
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Entity Small Business
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true | ||
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Stock Issued During Period Value New Issues
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us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
290000 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
700000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
4000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4294000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2002000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1471000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1715000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1187000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2002000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9450000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
881000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
667000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9085000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4601000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3844000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
344000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2275000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4601000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4294000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9085000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
290000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1548000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-24000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-36000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
9000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
9000 | usd | |
us-gaap |
Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
|
537000 | usd | |
cuen |
Gain From Changes In On Fair Value Of Stockbased Liabilities
GainFromChangesInOnFairValueOfStockbasedLiabilities
|
2000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
14000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1358000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
651000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
486000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
5000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-105000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
106000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
406000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
879000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-136000 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-127000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
17000 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-276000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3201000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6523000 | usd | |
us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
2085000 | 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 |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
153000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2238000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-664000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6034000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2688000 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6030000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2688000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
591000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-4499000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
466000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6607000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1057000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2108000 | usd |
cuen |
Investment In Nonconsolidated Entity In Nonconsolidated Entity Against Accounts Receivables
InvestmentInNonconsolidatedEntityInNonconsolidatedEntityAgainstAccountsReceivables
|
233000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
700000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify; text-indent: -56.7pt">NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Cuentas, Inc. (the “Company”) together with its subsidiaries, is mainly focused on financial technology (“FINTECH”) services, delivering mobile financial services, prepaid debit and digital content services to unbanked, underbanked and underserved communities. During 2023-Q1, the Company initiated its first investment into the Real Estate market and, made its second, more significant investment in Real Estate in the second quarter of 2023. The Company derived its revenue from GPR “Debit” Card fees and the sales of prepaid products and services including third party digital content, gift cards, remittances, mobile phone topups and other digital services. Additionally, the Company has an agreement with Interactive Communications International, Inc. (“InComm”) a leading processor of general purpose reloadable (“GPR”) debit cards, to market and distribute a line of prepaid digital content and gift cards targeted towards the Latin American market. Cuentas is able to purchase InComm’s prepaid digital content and gift cards at a discount and resell these same products in real time through its mobile app and through the Cuentas SDI network of over 31,000 bodegas. Cuentas is able to offer these digital products to the public through its mobile app and the Cuentas SDI distribution network, many at discounted prices, while making a small profit margin which varies from product to product.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company was incorporated under the laws of the State of Florida on September 21, 2005 to act as a holding company for its subsidiaries. Its subsidiary is Meimoun and Mammon, LLC (100% owned) (“M&M”), Tel3, a business segment of the Company, provides prepaid calling cards to consumers directly and operates in a complimentary space as Meimoun and Mammon, LLC. The Company invested $46, of which $20 were invested during 2023, for 50% of CUENTASMAX LLC which installs WiFi6 shared network (“WSN”) systems in locations in the New York metropolitan tristate area using access points and small cells to provide users with access to the WSN.</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 0pt 0.5in; text-align: justify">On February 3, 2023, the Company entered into a Membership Interest Purchase Agreement (MIPA) with Core Development Holdings Corporation (“Core”). Core holds approximately 29.3% of 4280 Lakewood Road Manager, LLC (“Lakewood Manager”), which in turn owns 86.45% of the membership interests in 4280 Lakewood Road, LLC (“4280 Project”), an affordable multi-family real estate project located in Lake Worth, Florida. Core agreed to sell to the Company 6% of its interest in the Lakewood Manager to the Company in exchange for 295,282 shares of the Company’s common stock, representing 19.99% of the then outstanding shares of the Company’s common stock. The 6% equity in the Lakewood Manager was valued at approximately $700. The Company closed this transaction on or about March 9, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The company used the measurement alternative which provides an accounting framework for valuing an equity security investment in the absence of a readily determinable fair value. Accordingly, the investment was accounted for at a cost basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On April 13, 2023, the Company signed an Operating Agreement to be a majority member in Brooksville Development Partners, LLC (“Brooksville”) with 2 minority members for the purpose of acquiring land for the development of a residential apartment community consisting of approximately 360 apartments. All real and personal property owned by Brooksville shall be owned by Brooksville as an entity, and neither the Members nor the Manager will have any ownership interest in such property. One of the minority members will be the manager of the project.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On April 28, 2023, the Company and minority partners in Brooksville closed on the transaction to acquire a 21.8 acre site for development of the Brooksville project. The Company had deposited an “Initial Capital Contribution” of $2,000 into a title insurance escrow account which was released from escrow by the Title Agent to fund the balance of the purchase price of the Vacant Land, together with a $3,050 bank loan to Brooksville from Republic Bank of Chicago. The Company is currently a 63% interest holder in Brooksville but that may change in the future if the Company is not able to raise sufficient financing to complete the project. Since the Company does not manage or control the LLC and its losses are limited to the cost amount, the Brooksville transaction was accounted for as an investment in an unconsolidated entity in accordance with ASC 323, using the equity method of accounting with the Company as the acquirer. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">NASDAQ</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On June 21, 2022, the Nasdaq Listing Qualifications Staff (the “Staff”) issued the Company a delist letter citing its failure to comply with the minimum bid price requirement under Listing Rule 5550(a)(2). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until December 19, 2022, to regain compliance with Rule 5550(a)(2). On December 20, 2022, the Staff notified the Company that it had determined to delist the Company as it did not comply with bid price requirement for listing on the Exchange. On April 14, 2023, the Nasdaq Listing Qualifications Staff issued the Company a compliance letter citing that that the Company had regained compliance with the minimum bid price requirement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On August 18, 2023, the Company received a deficiency letter from Nasdaq Regulation stating that based upon its Quarterly Report on Form 10-Q for the period ended June 30, 2023 which reported shareholders’ equity of $1,471, the Company was not in compliance with Nasdaq Marketplace Rule 5550(b)(1) which requires the Company to maintain shareholders’ equity of not less than $2,500 for continued listing on The Nasdaq Capital Market.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On October 3 2023, the Company received a Staff Determination Letter from Nasdaq Regulation stating that due to the Company’s failure by October 2, 2023, to submit a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1), the $2,500 stockholders’ equity requirement, the Company would be subject to delisting unless it timely requests a hearing before a Nasdaq Hearings Panel (the “Panel”). The Company has requested a hearing before the Panel which is scheduled to be held on December 7, 2023. The hearing request will stay any suspension or delisting action through the hearing and the expiration of any additional extension granted by the Panel following the hearing. In that regard, pursuant to the Nasdaq Listing Rules, the Panel has the discretion to grant the Company an extension not to exceed April 1, 2024. Notwithstanding, there can be no assurance that the Panel will grant the Company an extension or that the Company will ultimately regain compliance with all applicable requirements for continued listing on The Nasdaq Capital Market.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">REVERSE SPLIT</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On March 24, 2023, the Company completed a reverse stock split of its common stock. 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)</span> the number of authorized shares of common stock has been proportionately reduced; (iii) <span style="font-family: Times New Roman, Times, Serif">the number of shares of common stock underlying each common stock option or common stock warrant have been proportionately decreased on a 1-for-13 basis, and (iv) the exercise price of each such outstanding stock option and common warrant has been proportionately increased on a 1-for-13 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 1-for-13 reverse stock split.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">GOING CONCERN</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of September 30, 2023, the Company had $1,057 in cash and cash equivalents, $1,081 in negative working capital, shareholder’s equity of $2,002 and an accumulated deficit of $57,044. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Company’s ability to continue as a going concern is dependent upon raising capital from financing transactions and revenue from operations. Management anticipates their business will require substantial additional investments that have not yet been secured. Management is continuing in the process of fund raising in the private equity and capital markets as the Company will need to finance future activities. These financial statements do not include any adjustments that may be necessary should the Company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">SECURITIES OFFERING</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On February 6, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Investor”) for the purpose of raising approximately $5,000 in gross proceeds for the Company. Pursuant to the terms of the Purchase Agreement, the Company agreed to sell, in a registered direct offering, an aggregate of (i) 163,344 shares (the “Shares”) of the Company’s common stock (“Common Stock”) and (ii) pre-warrants to purchase up to 128,031 shares of Common Stock (the “Pre-Funded Warrants” and such shares of Common Stock issuable upon exercise of the Pre-Funded Warrants, the “Pre-Funded Warrant Shares”) and, in a concurrent private placement, warrants (the “Purchase Warrants”) to purchase 291,375 shares of Common Stock (the shares of Common Stock issuable upon exercise of the Purchase Warrants, the “Purchase Warrant Shares”). The combined purchase price per Share and Purchase Warrant is $17.16 and the combined purchase price per Pre-Funded Warrant and Purchase Warrant of $17.16. The Pre-Funded Warrants were sold, in lieu of shares of Common Stock, to any Investor whose purchase of shares of Common Stock in the Registered Offering would otherwise result in such Investor, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at such Investor’s option upon issuance, 9.99%) of the Company’s outstanding Common Stock immediately following the consummation of the Registered Offering. Each Pre-Funded Warrant represents the right to purchase one share of Common Stock at an exercise price of $0.0013 per share. As of March 31, 2023 the Pre-Funded Warrants were exercised in full. The Purchase Warrants will be exercisable on or before August 5, 2023 and will expire on August 5, 2028 at an exercise price of $17.36 per share. The closing of the sales of these securities under the Purchase Agreement occurred on or about February 8, 2023. H.C. Wainwright & Co., LLC (“Wainwright”) acted as exclusive placement agent for the offering pursuant to an engagement agreement between the Company and Wainwright dated as of December 13, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As compensation for such placement agent services, the Company agreed to pay Wainwright an aggregate cash fee equal to 7.0% of the gross proceeds received by the Company from the offering, plus a management fee equal to 1.0% of the gross proceeds received by the Company from the offerings, a non-accountable expense of $65 and $16 for clearing expenses. The Company has also agreed to issue to Wainwright or its designees warrants to purchase 20,397 shares of Common Stock (the “PA Warrants” and the shares of Common Stock issuable upon exercise of the PA Warrants, the “PA Warrant Shares”). The PA Warrants have a term of five years from the issuance date and have an exercise price of $23.17 per share. The net proceeds to the Company from the registered direct offering and concurrent private placement, after deducting the Placement Agent’s fees and expenses and the Company’s offering expenses were $4,319.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 21, 2023, the Company entered into a common stock warrant exercise inducement offer letter (the “Inducement Letter”) with a certain holder (the “Holder”) of existing warrants to purchase shares of the Company’s common stock at an exercise price of $7.67 per share, issued on August 8, 2022 and of the Purchase Warrants having an exercise price of $17.16 per share which were issued on February 8, 2023 (together, the “Existing Warrants”). Pursuant to the Inducement Letter, the Holder agreed to exercise for cash its Existing Warrants to purchase an aggregate of 616,303 shares of the Company’s common stock, at a reduced exercised price of $3.30 per share, in consideration for the Company’s agreement to issue a new warrant (the “Inducement Warrant”), to purchase up to 1,232,606 shares of the Company’s common stock at an exercise price of $3.30, </span><span style="font-size: 10pt">subject to certain anti-dilution adjustments. The Inducement Warrant is exercisable for five and a half years commencing on the date shareholders of the Company approve the issuance of the Inducement Warrant (“Shareholder Approval”) under applicable rules of Nasdaq<span style="font-family: Times New Roman, Times, Serif">. The Company received aggregate gross proceeds of approximately $2,033,799 from the exercise of the Existing Warrants by the Holder and the sale of the Inducement Warrants, before deducting placement agent fees and other offering expenses payable by the Company. The Company engaged H.C. Wainwright & Co., LLC (“Wainwright”) to act as its exclusive placement agent in connection with the transactions summarized above and paid Wainwright a cash fee </span>of $142,366 <span style="font-family: Times New Roman, Times, Serif">(7.0% of the gross proceeds received from the exercise of the Existing Warrants) as well as a management fee </span></span>of $20,338 <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1.0% of the gross proceeds from the exercise of the Existing Warrants). The Company </span>also paid <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wainwright $65,000 for non-accountable expenses and $15,950 as a closing fee. The Company also issued to </span>designees of <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wainwright warrants to purchase up to </span>an aggregate of <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">43,141 shares of common stock of the Company having the same terms as the Inducement Warrant except for an exercise price equal to $4.455 per share.</span></p> | ||
CY2023Q3 | cuen |
Cuentas Sdi Network Of Over Bodegas
CuentasSDINetworkOfOverBodegas
|
31000 | pure |
us-gaap |
Payments To Acquire Projects
PaymentsToAcquireProjects
|
46 | usd | |
cuen |
Purchase Agreement Description
PurchaseAgreementDescription
|
the Company entered into a Membership Interest Purchase Agreement (MIPA) with Core Development Holdings Corporation (“Core”). Core holds approximately 29.3% of 4280 Lakewood Road Manager, LLC (“Lakewood Manager”), which in turn owns 86.45% of the membership interests in 4280 Lakewood Road, LLC (“4280 Project”), an affordable multi-family real estate project located in Lake Worth, Florida. Core agreed to sell to the Company 6% of its interest in the Lakewood Manager to the Company in exchange for 295,282 shares of the Company’s common stock, representing 19.99% of the then outstanding shares of the Company’s common stock. The 6% equity in the Lakewood Manager was valued at approximately $700. The Company closed this transaction on or about March 9, 2023. | ||
CY2023Q2 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
2000000 | usd |
CY2023Q2 | us-gaap |
Other Borrowings
OtherBorrowings
|
3050000 | usd |
CY2023Q2 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.63 | pure |
CY2023Q3 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
1471000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Shares Period Increase Decrease
StockIssuedDuringPeriodSharesPeriodIncreaseDecrease
|
2500 | shares |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2500000 | usd |
us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
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 authorized shares of common stock has been proportionately reduced; (iii) the number of shares of common stock underlying each common stock option or common stock warrant have been proportionately decreased on a 1-for-13 basis, and (iv) the exercise price of each such outstanding stock option and common warrant has been proportionately increased on a 1-for-13 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 1-for-13 reverse stock split. | ||
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
1057000 | usd |
cuen |
Working Capital
WorkingCapital
|
1081000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2002000 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-57044000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
5000000 | usd |
CY2023Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
163344 | shares |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
128031 | shares |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
17.16 | |
CY2023Q1 | us-gaap |
Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
|
0.0499 | pure |
CY2023Q1 | cuen |
Investor Percentage
InvestorPercentage
|
0.0999 | pure |
CY2023Q1 | us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
0.0013 | |
CY2023Q3 | us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
17.36 | |
cuen |
Cash Fee Equal Percentage
CashFeeEqualPercentage
|
0.07 | pure | |
cuen |
Nonaccountable Expense
nonaccountableExpense
|
65000 | usd | |
cuen |
Clearing Expenses
ClearingExpenses
|
16000 | usd | |
cuen |
Warrant Term
WarrantTerm
|
P5Y | ||
CY2023Q3 | cuen |
Offering Expenses
OfferingExpenses
|
4319000 | usd |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
7.67 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
17.16 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
616303 | shares |
CY2023Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
2033799000 | usd |
CY2023Q1 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
142366000 | usd |
CY2023Q1 | cuen |
Cash Fee Gross Proceeds
CashFeeGrossProceeds
|
0.07 | pure |
CY2023Q1 | cuen |
Management Fees
ManagementFees
|
20338000 | usd |
CY2023Q1 | cuen |
Management Fee
ManagementFee
|
0.01 | pure |
CY2023Q1 | cuen |
Non Accountable Expenses
NonAccountableExpenses
|
65000000 | usd |
CY2023Q1 | cuen |
Closing Fee
ClosingFee
|
15950000 | usd |
CY2023Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
4.455 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">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.</p> | ||
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
128477 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
56.44 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
8862 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
186.55 | ||
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
119615 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
48.86 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
115766 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
36820 | |
CY2023Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1400 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
34000 | usd | |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3000 | usd |
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
912000 | usd | |
us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
1634000 | usd | |
CY2023Q3 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
882000 | usd |
CY2022Q3 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
902000 | usd |
CY2023Q3 | us-gaap |
Other Receivables
OtherReceivables
|
94000 | usd |
us-gaap |
Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
|
860000 | usd | |
CY2022 | us-gaap |
Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
|
198000 | usd |
CY2023Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
1055000 | usd |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
198000 | usd |
CY2019Q2 | us-gaap |
Other Receivables
OtherReceivables
|
1053000 | usd |
CY2021Q3 | us-gaap |
Affiliate Costs
AffiliateCosts
|
600000 | usd |
cuen |
Accrued Amount
AccruedAmount
|
300000 | usd | |
CY2022Q4 | us-gaap |
Product Liability Contingency Loss Exposure In Excess Of Accrual Best Estimate
ProductLiabilityContingencyLossExposureInExcessOfAccrualBestEstimate
|
630000 | usd |
us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
20000 | usd | |
us-gaap |
Payments For Fees
PaymentsForFees
|
15000 | usd | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
425000 | usd | |
CY2023Q3 | us-gaap |
Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
|
115000 | usd |
CY2023Q1 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
30 | usd |
CY2021Q2 | us-gaap |
Payments For Rent
PaymentsForRent
|
9000 | usd |
CY2023Q3 | cuen |
Payment Of Outstanding Invoice
PaymentOfOutstandingInvoice
|
229000 | usd |
CY2023Q3 | us-gaap |
Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
|
21000 | usd |
us-gaap |
Revenues
Revenues
|
1000000 | usd | |
us-gaap |
Revenues
Revenues
|
2207000 | usd | |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
895000 | usd |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
1143000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
-247000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
305000 | usd | |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
-76000 | usd |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
116000 | usd |
us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
537000 | usd | |
CY2023Q2 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
850000 | usd |
CY2023Q2 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
537000 | usd |
cuen |
Gain On Fair Value Measurement Of Stock Based Liabilities
GainOnFairValueMeasurementOfStockBasedLiabilities
|
usd | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.53 | |
cuen |
Stock Issued During Period Value Stock Splits
StockIssuedDuringPeriodValueStockSplits
|
usd | ||
us-gaap |
Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
|
usd | ||
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | ||
cuen |
Investment In Nonconsolidated Entity In Nonconsolidated Entity Against Accounts Receivables
InvestmentInNonconsolidatedEntityInNonconsolidatedEntityAgainstAccountsReceivables
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
|||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
|||
CY2022Q4 | us-gaap |
Other Receivables
OtherReceivables
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001424657 |