2022 Q3 Form 10-Q Financial Statement
#000121390022048058 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $3.540K | $37.95K | $810.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.419M | $2.534M | $3.368M |
YoY Change | 30.45% | 292.23% | 237.91% |
% of Gross Profit | |||
Research & Development | $259.0K | ||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $59.46K | $4.230K | $3.540K |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $259.0K | $2.534M | $3.368M |
YoY Change | -86.01% | 292.23% | 237.91% |
Operating Profit | -$2.682M | -$2.580M | -$3.367M |
YoY Change | 44.86% | 299.39% | |
Interest Expense | $1.630K | ||
YoY Change | 5333.33% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $25.21K | -$1.946K | $1.633K |
YoY Change | -1414.86% | ||
Pretax Income | -$2.657M | -$2.582M | -$3.366M |
YoY Change | 43.58% | 299.78% | 237.68% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.657M | -$2.582M | -$3.366M |
YoY Change | 43.58% | 299.78% | 237.67% |
Net Earnings / Revenue | -75048.16% | -6803.47% | -415536.54% |
Basic Earnings Per Share | -$0.13 | -$0.13 | -$0.17 |
Diluted Earnings Per Share | -$0.13 | -$0.13 | -$171.7K |
COMMON SHARES | |||
Basic Shares Outstanding | 20.60M shares | 19.61M shares | 19.60M shares |
Diluted Shares Outstanding | 20.60M shares | 19.61M shares | 15.33M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $14.21M | $16.24M | $17.74M |
YoY Change | -44.95% | 1373.47% | 989.76% |
Cash & Equivalents | $6.230M | $8.597M | $17.74M |
Short-Term Investments | $7.981M | $7.646M | |
Other Short-Term Assets | $259.6K | $53.37K | $306.3K |
YoY Change | 14.9% | -70.19% | 81.14% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $192.00 | $243.00 | |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $14.47M | $16.30M | $18.05M |
YoY Change | -44.43% | 1171.8% | 904.28% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $85.47K | $71.55K | $245.0K |
YoY Change | 1017.23% | 378.26% | 1016.31% |
Goodwill | |||
YoY Change | |||
Intangibles | $1.036M | $1.090M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $52.10K | $59.13K | |
YoY Change | |||
Total Long-Term Assets | $1.321M | $1.381M | $245.0K |
YoY Change | 17189.99% | 9139.36% | 1016.26% |
TOTAL ASSETS | |||
Total Short-Term Assets | $14.47M | $16.30M | $18.05M |
Total Long-Term Assets | $1.321M | $1.381M | $245.0K |
Total Assets | $15.79M | $17.68M | $18.29M |
YoY Change | -39.38% | 1263.69% | 905.63% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $381.2K | $432.1K | $350.0K |
YoY Change | 43.54% | 145.45% | 150.06% |
Accrued Expenses | $63.68K | $60.27K | $57.01K |
YoY Change | 732.42% | 302.87% | 159.73% |
Deferred Revenue | $3.853K | $7.311K | |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $448.7K | $499.7K | $415.1K |
YoY Change | 60.38% | 151.97% | 144.32% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $102.2K | $119.2K | $135.5K |
YoY Change | |||
Total Long-Term Liabilities | $102.2K | $119.2K | $135.5K |
YoY Change | 19820.59% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $448.7K | $499.7K | $415.1K |
Total Long-Term Liabilities | $102.2K | $119.2K | $135.5K |
Total Liabilities | $550.9K | $618.9K | $550.6K |
YoY Change | 96.91% | 212.08% | 222.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$36.19M | -$33.54M | |
YoY Change | |||
Common Stock | $2.060K | $2.060K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $15.24M | $17.06M | $17.74M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $15.79M | $17.68M | $18.29M |
YoY Change | -39.38% | 1263.69% | 905.63% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.657M | -$2.582M | -$3.366M |
YoY Change | 43.58% | 299.78% | 237.67% |
Depreciation, Depletion And Amortization | $59.46K | $4.230K | $3.540K |
YoY Change | |||
Cash From Operating Activities | -$2.033M | -$1.463M | -$2.231M |
YoY Change | 50.82% | 181.6% | 243.09% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$18.88K | -$32.49K | -$226.4K |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$314.8K | -$7.650M | |
YoY Change | |||
Cash From Investing Activities | -$333.7K | -$7.682M | -$226.4K |
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 | 0.000 | 0.000 | -200.0 |
YoY Change | -100.0% | -100.0% | -100.01% |
NET CHANGE | |||
Cash From Operating Activities | -2.033M | -1.463M | -2.231M |
Cash From Investing Activities | -333.7K | -7.682M | -226.4K |
Cash From Financing Activities | 0.000 | 0.000 | -200.0 |
Net Change In Cash | -2.367M | -9.145M | -2.457M |
YoY Change | -109.58% | 1639.49% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.033M | -$1.463M | -$2.231M |
Capital Expenditures | -$18.88K | -$32.49K | -$226.4K |
Free Cash Flow | -$2.014M | -$1.431M | -$2.005M |
YoY Change | 208.28% |
Facts In Submission
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DATCHAT, INC. | ||
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|
-2581712 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17058795 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
582325 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1592972 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
470000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-996771 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1648526 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-3735 | usd |
CY2021Q2 | dats |
Stock Issued During Period Value Common Stock To Be Issued Cancelled
StockIssuedDuringPeriodValueCommonStockToBeIssuedCancelled
|
-1000 | usd |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
100000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-645779 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1098012 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
570000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
237559 | usd | |
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
-84180 | usd | |
dats |
Noncash Digital Currency And Other Digital Assets Fees
NoncashDigitalCurrencyAndOtherDigitalAssetsFees
|
13831 | usd | |
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
36394 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-3731 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-35 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-323604 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
153750 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
27534 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
56406 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1539 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-25433 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-13677 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3694205 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1169894 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
7649518 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
25593 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
233245 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7908356 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
133301 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-203 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-132221 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
7500 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1588237 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-203 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1581817 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-11602764 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
411923 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20199735 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
690423 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8596971 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1102346 | usd |
dats |
Intangible Assets Used To Pay Accounts Payable
IntangibleAssetsUsedToPayAccountsPayable
|
112500 | usd | |
dats |
Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
|
250000 | usd | |
dats |
Issuance Of Common Shares For Intangible Assets
IssuanceOfCommonSharesForIntangibleAssets
|
1090000 | usd | |
CY2022Q2 | dats |
Number Of Restricted Shares
NumberOfRestrictedShares
|
1000000 | shares |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
5947558 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1642550 | usd | |
CY2022Q2 | us-gaap |
Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
|
3694205 | usd |
CY2021Q2 | us-gaap |
Cash Including Discontinued Operations
CashIncludingDiscontinuedOperations
|
1169894 | usd |
CY2022Q2 | dats |
Accumulated Deficit For The Period
AccumulatedDeficitForThePeriod
|
33538104 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
13700000 | usd |
CY2021 | dats |
Gross Proceeds Of Ipo
GrossProceedsOfIPO
|
14400000 | usd |
dats |
Working Capitals
WorkingCapitals
|
15796715 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><b><span style="text-decoration:underline">Use of estimates</span></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Actual results could materially differ from these estimates. Significant estimates include the useful life of property and equipment and intangible assets, assumptions used in assessing impairment of long-term assets, the valuation of intangible assets, the valuation of digital currencies and other digital assets, the valuation of deferred tax assets, the estimate of the fair value lease liability and related right of use asset, and the fair value of non-cash equity transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
us-gaap |
Reclassifications
Reclassifications
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span style="text-decoration:underline">Reclassifications</span></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Certain prior period amounts have been reclassified to conform to the current period presentation. The reclassified amounts have no impact on the Company’s previously reported financial position or results of operations and relates to the presentation of marketing and advertising expenses separately on the condensed statements of operation previously included in general and administrative expenses.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"><b> </b></span></p> | ||
CY2022Q2 | dats |
Unrealized Investment
UnrealizedInvestment
|
3731 | usd |
dats |
Unrealized Investment
UnrealizedInvestment
|
3731 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
84180 | usd |
us-gaap |
Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
|
84180 | usd | |
CY2022Q2 | dats |
Subscription Revenues
SubscriptionRevenues
|
1553 | usd |
dats |
Subscription Revenues
SubscriptionRevenues
|
2362 | usd | |
CY2022Q2 | dats |
Nft Revenues
NFTRevenues
|
36394 | usd |
dats |
Nft Revenues
NFTRevenues
|
36394 | usd | |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
37947 | usd |
us-gaap |
Revenues
Revenues
|
38756 | usd | |
CY2022Q2 | us-gaap |
Advertising Expense
AdvertisingExpense
|
95725 | usd |
CY2021Q2 | us-gaap |
Advertising Expense
AdvertisingExpense
|
103479 | usd |
us-gaap |
Advertising Expense
AdvertisingExpense
|
148239 | usd | |
us-gaap |
Advertising Expense
AdvertisingExpense
|
152429 | usd | |
dats |
Common Stock Warrants
CommonStockWarrants
|
736341 | shares | |
dats |
Common Stock Warrants
CommonStockWarrants
|
62500 | shares | |
dats |
Common Stock Options
CommonStockOptions
|
1289200 | shares | |
dats |
Total Diluted Outstandingshares
TotalDilutedOutstandingshares
|
2025541 | shares | |
dats |
Total Diluted Outstandingshares
TotalDilutedOutstandingshares
|
62500 | shares | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
7649518 | usd | |
dats |
Unrealized Gains Loss On Investments
UnrealizedGainsLossOnInvestments
|
-3731 | usd | |
CY2022Q2 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
7645787 | usd |
CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2567 | usd |
CY2021Q4 | dats |
Expired Term
ExpiredTerm
|
2024-12-31 | |
CY2022Q1 | us-gaap |
Advance Rent
AdvanceRent
|
7156 | usd |
CY2022Q2 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.03 | pure |
CY2022Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
23266 | usd |
CY2021Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
15790 | usd |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
45531 | usd | |
us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
31580 | usd | |
CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
198898 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
|
P3Y | |
CY2021 | us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.18 | pure |
CY2022Q2 | dats |
Office Lease
OfficeLease
|
198898 | usd |
CY2021Q4 | dats |
Office Lease
OfficeLease
|
271507 | usd |
CY2022Q2 | dats |
Less Accumulated Amortizations
LessAccumulatedAmortizations
|
-38288 | usd |
CY2021Q4 | dats |
Less Accumulated Amortizations
LessAccumulatedAmortizations
|
-87198 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
160610 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
184309 | usd |
CY2022Q2 | dats |
Office Leases
OfficeLeases
|
204909 | usd |
CY2021Q4 | dats |
Office Leases
OfficeLeases
|
271507 | usd |
CY2022Q2 | dats |
Reduction Of Lease Liability
ReductionOfLeaseLiability
|
25433 | usd |
CY2021Q4 | dats |
Reduction Of Lease Liability
ReductionOfLeaseLiability
|
66598 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
179476 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
204909 | usd |
CY2022Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
60271 | usd |
CY2021Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
53897 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
119205 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
151012 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
|
43582 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
|
89193 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
|
92100 | usd |
CY2022Q2 | dats |
Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
|
224875 | usd |
CY2022Q2 | dats |
Present Value Discount
PresentValueDiscount
|
-45399 | usd |
CY2022Q2 | dats |
Total Operating Lease Liability
TotalOperatingLeaseLiability
|
179476 | usd |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
92707 | usd | |
us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P5Y | ||
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1090000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1090000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
|
218000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
|
218000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
|
218000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
|
218000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
|
218000 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1090000 | usd |
CY2022Q2 | us-gaap |
Other Long Term Notes Payable
OtherLongTermNotesPayable
|
0 | usd |
CY2021Q2 | us-gaap |
Other Long Term Notes Payable
OtherLongTermNotesPayable
|
203 | usd |
dats |
Working Capital
WorkingCapital
|
0 | usd | |
dats |
Working Capital
WorkingCapital
|
95143 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
203 | usd | |
CY2022Q2 | us-gaap |
Capital Units Authorized
CapitalUnitsAuthorized
|
200000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
180000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2021Q3 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
On July 28, 2021, the Company filed a certificate of change to the Company’s amended and restated certificate of incorporation, with the Secretary of State of the State of Nevada, to effectuate a one-for-two (1:2) reverse stock split of the Company’s common stock. | |
CY2021Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
2000000 | shares |
CY2016Q3 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
the Company designated 1 share of Series A Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”) and has a stated value equal to $1.00 as may be adjusted for any stock dividends, combinations or splits. Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) the total issued and outstanding Common Stock eligible to vote at the time of the respective vote divided by (y) forty-nine one hundredths (0.49) minus (z) the total issued and outstanding Common Stock eligible to vote at the time of the respective vote | |
dats |
Sale Leaseback Transaction Net Proceeds Financing Activities1
SaleLeasebackTransactionNetProceedsFinancingActivities1
|
1588237 | usd | |
CY2021Q1 | dats |
Stock Issued During Period Share Issued For Services
StockIssuedDuringPeriodShareIssuedForServices
|
105000 | shares |
CY2021Q1 | dats |
Common Share Fair Values
CommonShareFairValues
|
420000 | usd |
CY2021Q1 | dats |
Per Share Based On Sales
PerShareBasedOnSales
|
4 | |
CY2021Q1 | dats |
Aggreement Issued Shares
AggreementIssuedShares
|
100000 | shares |
CY2021Q1 | dats |
Common Share Fair Values
CommonShareFairValues
|
400000 | usd |
CY2021Q1 | dats |
Per Share Based On Sales
PerShareBasedOnSales
|
4 | |
dats |
Remaining Balance Of Stock Based Consulting
RemainingBalanceOfStockBasedConsulting
|
50000 | usd | |
dats |
Remaining Balance Of Stock Based Consulting
RemainingBalanceOfStockBasedConsulting
|
150000 | usd | |
dats |
Number Of Restricted Shares
NumberOfRestrictedShares
|
1000000 | shares | |
CY2022Q2 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
1090000 | usd |
CY2021Q4 | dats |
Additional Shares Issued Description
AdditionalSharesIssuedDescription
|
On December 26, 2021 and effective January 10, 2022, the Company approved the grant of 150,000 options to purchase the Company’s common stock to a newly hired employee of the Company. | |
dats |
Expected Dividend Yield Percentage
ExpectedDividendYieldPercentage
|
0 | pure | |
dats |
Expected Option Term Year
ExpectedOptionTermYear
|
P3Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.65 | pure | |
us-gaap |
Professional Fees
ProfessionalFees
|
1594780 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
|
237559 | usd | |
dats |
Stock Issued During Period Shares Issued For Service
StockIssuedDuringPeriodSharesIssuedForService
|
3956348 | usd | |
dats |
Weighted Average Period
WeightedAveragePeriod
|
P1Y3M18D | ||
CY2021Q4 | dats |
Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
|
1054200 | shares |
CY2021Q4 | dats |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.66 | |
dats |
Weighted Average Remaining Contractual Life Years Beginning Balance
WeightedAverageRemainingContractualLifeYearsBeginningBalance
|
P4Y7M20D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
235000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4 | ||
dats |
Weighted Average Remaining Contractual Life Years Granted
WeightedAverageRemainingContractualLifeYearsGranted
|
P5Y | ||
CY2022Q2 | dats |
Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
|
1289200 | shares |
CY2022Q2 | dats |
Shares Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
12.72 | |
dats |
Weighted Average Remaining Contractual Life Years Ending Balance
WeightedAverageRemainingContractualLifeYearsEndingBalance
|
P4Y2M19D | ||
dats |
Number Of Options Options Exercisable At End Of Period
NumberOfOptionsOptionsExercisableAtEndOfPeriod
|
485325 | shares | |
dats |
Average Exercise Price Options Exercisable At End Of Period
AverageExercisePriceOptionsExercisableAtEndOfPeriod
|
9.9 | ||
dats |
Weighted Average Remaining Contractual Life Years Options Exercisable At End Of Period
WeightedAverageRemainingContractualLifeYearsOptionsExercisableAtEndOfPeriod
|
P4Y25D | ||
dats |
Number Of Options Options Expected To Vest
NumberOfOptionsOptionsExpectedToVest
|
803875 | shares | |
dats |
Average Exercise Price Options Expected To Vest
AverageExercisePriceOptionsExpectedToVest
|
14.43 | ||
dats |
Average Exercise Price Weighted Average Fair Value Of Options Granted During The Period
AverageExercisePriceWeightedAverageFairValueOfOptionsGrantedDuringThePeriod
|
2.07 | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |
CY2021Q3 | dats |
Salary Will Increase
SalaryWillIncrease
|
450000 | usd |
CY2021Q3 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
350000 | usd |
dats |
Employment Agreement Description
EmploymentAgreementDescription
|
The Employment Agreement provides for a term of one (1) year (the “Initial Term”) from the date of the Effective Date and shall automatically be extended for additional terms of one (1) year each (each a “Renewal Term”) unless either party gives prior written notice of non-renewal to the other party no later than six (6) months prior to the expiration of the Initial Term, or the then current Renewal Term, as the case may be. | ||
CY2021Q3 | dats |
Annual Bonus
AnnualBonus
|
200000 | usd |
CY2021Q4 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
usd | |
us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
usd | ||
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
us-gaap |
Interest Expense
InterestExpense
|
usd | ||
CY2021Q2 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
usd | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
usd | ||
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.05 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19602944 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19608408 | shares |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2021Q2 | dats |
Fractional Shares Due To Reverse Split
FractionalSharesDueToReverseSplit
|
usd | |
us-gaap |
Depreciation
Depreciation
|
usd | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
usd | ||
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
usd | ||
dats |
Noncash Digital Currency And Other Digital Assets Fees
NoncashDigitalCurrencyAndOtherDigitalAssetsFees
|
usd | ||
us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
usd | ||
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
usd | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
usd | ||
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | ||
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | ||
dats |
Intangible Assets Used To Pay Accounts Payable
IntangibleAssetsUsedToPayAccountsPayable
|
usd | ||
dats |
Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
|
usd | ||
dats |
Issuance Of Common Shares For Intangible Assets
IssuanceOfCommonSharesForIntangibleAssets
|
usd | ||
CY2021Q2 | dats |
Subscription Revenues
SubscriptionRevenues
|
usd | |
dats |
Subscription Revenues
SubscriptionRevenues
|
usd | ||
CY2021Q2 | dats |
Nft Revenues
NFTRevenues
|
usd | |
dats |
Nft Revenues
NFTRevenues
|
usd | ||
CY2021Q2 | us-gaap |
Revenues
Revenues
|
usd | |
us-gaap |
Revenues
Revenues
|
usd | ||
dats |
Common Stock Options
CommonStockOptions
|
shares | ||
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
usd | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
usd | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
usd | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001648960 |