2024 Q1 Form 10-K Financial Statement
#000147793224000156 Filed on January 12, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q3 | 2023 |
---|---|---|---|
Revenue | $0.00 | $8.120K | $30.06K |
YoY Change | -100.0% | 147.56% | 393.66% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $895.2K | $1.597M | $4.606M |
YoY Change | 38.07% | 30.13% | -8.07% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $10.51K | $10.88K | $45.43K |
YoY Change | -10.48% | -8.65% | -4.58% |
% of Gross Profit | |||
Operating Expenses | $905.7K | $1.608M | $4.651M |
YoY Change | 37.2% | 29.76% | -8.04% |
Operating Profit | -$905.7K | -$4.621M | |
YoY Change | 38.91% | -381.99% | |
Interest Expense | -$82.83K | -$61.72K | $107.2K |
YoY Change | 632.36% | -28154.55% | 119.52% |
% of Operating Profit | |||
Other Income/Expense, Net | $82.83K | $107.0K | |
YoY Change | 632.5% | 123.3% | |
Pretax Income | -$988.5K | -$1.661M | -$4.728M |
YoY Change | 49.03% | 34.47% | -7.29% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$988.5K | -$1.661M | -$4.728M |
YoY Change | 49.03% | 34.47% | -7.29% |
Net Earnings / Revenue | -20461.08% | -15730.64% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 434.7M shares | 418.4M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q1 | 2023 Q3 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $441.7K | $674.8K | $674.8K |
YoY Change | 106.21% | -10.63% | -10.63% |
Cash & Equivalents | $441.7K | $674.8K | |
Short-Term Investments | |||
Other Short-Term Assets | $521.2K | $987.0K | $987.0K |
YoY Change | 339.39% | 2899.94% | 2899.94% |
Inventory | |||
Prepaid Expenses | $521.2K | $987.0K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $962.9K | $1.662M | $1.662M |
YoY Change | 189.32% | 110.88% | 110.88% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $56.47K | $77.56K | $77.56K |
YoY Change | -43.16% | -36.94% | -36.94% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $351.1K | $561.8K | $561.8K |
YoY Change | |||
Total Long-Term Assets | $407.6K | $639.3K | $639.3K |
YoY Change | 310.26% | 419.83% | 419.82% |
TOTAL ASSETS | |||
Total Short-Term Assets | $962.9K | $1.662M | $1.662M |
Total Long-Term Assets | $407.6K | $639.3K | $639.3K |
Total Assets | $1.370M | $2.301M | $2.301M |
YoY Change | 217.12% | 152.59% | 152.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.204M | $1.319M | $1.319M |
YoY Change | 121.57% | 631.04% | 631.04% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $43.20K | $40.00K | $40.00K |
YoY Change | 8.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.036M | $2.561M | $1.395M |
YoY Change | 336.45% | 470.21% | 210.47% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.755M | $1.167M | $1.167M |
YoY Change | 8804.11% | ||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $1.755M | $1.167M | $1.167M |
YoY Change | 8804.11% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.036M | $2.561M | $1.395M |
Total Long-Term Liabilities | $1.755M | $1.167M | $1.167M |
Total Liabilities | $3.036M | $2.561M | $2.561M |
YoY Change | 324.43% | 470.21% | 470.21% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$34.65M | -$32.60M | |
YoY Change | 16.91% | 16.96% | |
Common Stock | $441.9K | $426.8K | |
YoY Change | 12.51% | 12.39% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.665M | -$260.4K | -$260.4K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.370M | $2.301M | $2.301M |
YoY Change | 217.12% | 152.59% | 152.59% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q3 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$988.5K | -$1.661M | -$4.728M |
YoY Change | 49.03% | 34.47% | -7.29% |
Depreciation, Depletion And Amortization | $10.51K | $10.88K | $45.43K |
YoY Change | -10.48% | -8.65% | -4.58% |
Cash From Operating Activities | -$466.1K | -$317.2K | -$1.435M |
YoY Change | 103.4% | -61.04% | -39.73% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 517.5K | 505.0K | $1.355M |
YoY Change | 72.5% | -54.28% | |
NET CHANGE | |||
Cash From Operating Activities | -466.1K | -317.2K | -$1.435M |
Cash From Investing Activities | |||
Cash From Financing Activities | 517.5K | 505.0K | $1.355M |
Net Change In Cash | 51.40K | 187.8K | -$80.30K |
YoY Change | -27.44% | -123.06% | -113.8% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$466.1K | -$317.2K | -$1.435M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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|
50400 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
69718 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
159578 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
29594 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
167856 | usd |
CY2023 | cyca |
Increase Decrease In Dividend Payable
IncreaseDecreaseInDividendPayable
|
0 | usd |
CY2022 | cyca |
Increase Decrease In Dividend Payable
IncreaseDecreaseInDividendPayable
|
12394 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
2411 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3588 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1435298 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2381574 | usd |
CY2023 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
100000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
2963500 | usd |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
40000 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd |
CY2023 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
1215000 | usd |
CY2022 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
0 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1355000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2963500 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-80298 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
581926 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
755122 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
173196 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
674824 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
755122 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023 | cyca |
Issuance Of Common Stock For Accounts Payable And Accrued Liabilities
IssuanceOfCommonStockForAccountsPayableAndAccruedLiabilities
|
118218 | usd |
CY2022 | cyca |
Issuance Of Common Stock For Accounts Payable And Accrued Liabilities
IssuanceOfCommonStockForAccountsPayableAndAccruedLiabilities
|
300000 | usd |
CY2023 | cyca |
Issuance Of Common Stock For Accrued Expenses Related Party
IssuanceOfCommonStockForAccruedExpensesRelatedParty
|
55393 | usd |
CY2022 | cyca |
Issuance Of Common Stock For Accrued Expenses Related Party
IssuanceOfCommonStockForAccruedExpensesRelatedParty
|
0 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-32603480 | usd |
CY2023 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
4000000 | shares |
CY2022Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
122990 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
45432 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
47615 | usd |
CY2023 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
1215000 | usd |
CY2023 | cyca |
Promissory Notes Issued Amount
PromissoryNotesIssuedAmount
|
40000 | usd |
CY2023 | cyca |
Exchange For Note Issuances Received
ExchangeForNoteIssuancesReceived
|
1255000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.</p> | |
CY2023Q3 | cyca |
Prepaid Expenses Beginning Balance
PrepaidExpensesBeginningBalance
|
32897 | usd |
CY2022Q3 | cyca |
Prepaid Expenses Beginning Balance
PrepaidExpensesBeginningBalance
|
772394 | usd |
CY2023Q3 | cyca |
Value Of Common Stock Issued
ValueOfCommonStockIssued
|
2399708 | usd |
CY2022Q3 | cyca |
Value Of Common Stock Issued
ValueOfCommonStockIssued
|
894841 | usd |
CY2023Q3 | cyca |
Amortization Of Stock Based Compensation
AmortizationOfStockBasedCompensation
|
-933135 | usd |
CY2022Q3 | cyca |
Amortization Of Stock Based Compensation
AmortizationOfStockBasedCompensation
|
-1635492 | usd |
CY2023Q3 | cyca |
Prepaid Expense From Other Activity
PrepaidExpenseFromOtherActivity
|
49282 | usd |
CY2022Q3 | cyca |
Prepaid Expense From Other Activity
PrepaidExpenseFromOtherActivity
|
1154 | usd |
CY2023Q3 | cyca |
Prepaid Expenses Ending Balance
PrepaidExpensesEndingBalance
|
1548752 | usd |
CY2022Q3 | cyca |
Prepaid Expenses Ending Balance
PrepaidExpensesEndingBalance
|
32897 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
561776 | usd |
CY2022Q3 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
0 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
986976 | usd |
CY2022Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
32897 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
78765 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.</p> | |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
230900 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
230900 | usd |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
153342 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
107910 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
77558 | usd |
CY2020Q4 | cyca |
Annual Lease Payment Related Party
AnnualLeasePaymentRelatedParty
|
50000 | usd |
CY2023Q3 | cyca |
Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
|
772532 | usd |
CY2022Q3 | cyca |
Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
|
180407 | usd |
CY2023Q3 | cyca |
Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
|
772532 | usd |
CY2022Q3 | cyca |
Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
|
180407 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.08 | pure |
CY2023Q1 | cyca |
Promissory Note Face Value
PromissoryNoteFaceValue
|
40000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2024-01-10 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.025 | |
CY2023Q1 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
1 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
2000000 | shares |
CY2023Q1 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1 | |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
2000000 | shares |
CY2023Q1 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
1 | |
CY2023Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
1166788 | usd |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q3 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0.001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
426831170 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
379760670 | shares |
CY2023 | cyca |
Common Stock Issued For Services Shares
CommonStockIssuedForServicesShares
|
41575000 | shares |
CY2023 | cyca |
Common Stock Issued For Services Amount
CommonStockIssuedForServicesAmount
|
2175819 | usd |
CY2023 | cyca |
Common Stock Issued For Payment Of Account Payable Share
CommonStockIssuedForPaymentOfAccountPayableShare
|
1440750 | shares |
CY2023 | cyca |
Common Stock Issued For Payment Of Account Payable
CommonStockIssuedForPaymentOfAccountPayable
|
47269 | usd |
CY2023 | cyca |
Commonstock Issued Settlement Of Stock Payable
CommonstockIssuedSettlementOfStockPayable
|
67440 | usd |
CY2023 | us-gaap |
Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
|
20171 | usd |
CY2023 | cyca |
Common Stock Issued
CommonStockIssued
|
54750 | shares |
CY2022 | cyca |
Common Stock Issued For Services Shares
CommonStockIssuedForServicesShares
|
9539286 | shares |
CY2022 | cyca |
Common Stock Issued For Services Amount
CommonStockIssuedForServicesAmount
|
1407150 | usd |
CY2022 | cyca |
Common Stock Issued For Payment Of Account Payable Share
CommonStockIssuedForPaymentOfAccountPayableShare
|
1064757 | shares |
CY2022 | cyca |
Common Stock Issued For Payment Of Account Payable
CommonStockIssuedForPaymentOfAccountPayable
|
325000 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q3 | cyca |
Common Stock Shares To Be Issued
CommonStockSharesToBeIssued
|
323583 | usd |
CY2022 | cyca |
Common Stock Issued
CommonStockIssued
|
4000000 | shares |
CY2022 | cyca |
Reduction In Capital Stcok To Be Issued
ReductionInCapitalStcokToBeIssued
|
268833 | usd |
CY2023 | cyca |
Reduction In Capital Stcok To Be Issued
ReductionInCapitalStcokToBeIssued
|
54750 | usd |
CY2023Q3 | cyca |
Capital Stock To Be Issued
CapitalStockToBeIssued
|
0 | usd |
CY2022Q3 | cyca |
Capital Stock To Be Issued
CapitalStockToBeIssued
|
54750 | usd |
CY2023Q1 | cyca |
Issuance Of Restricted Common Stock Shares
IssuanceOfRestrictedCommonStockShares
|
10000000 | shares |
CY2023Q1 | cyca |
Purchase Of Warrant Common Stock Value
PurchaseOfWarrantCommonStockValue
|
449651 | usd |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
364324 | usd |
CY2023Q3 | us-gaap |
Share Price
SharePrice
|
0.04 | |
CY2022 | cyca |
Operating Income Losses
OperatingIncomeLosses
|
1638878 | usd |
CY2022 | cyca |
Less Valuation Allowance
LessValuationAllowance
|
-1638878 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
9396000 | usd |
CY2023 | cyca |
Software Products
SoftwareProducts
|
32470 | usd |
CY2023 | us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
30059 | usd |
CY2022 | us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
6089 | usd |
CY2023 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
2411 | usd |