2023 Q1 Form 10-K Financial Statement

#000147793223001568 Filed on March 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $4.972K $6.670K $23.07K
YoY Change -15.07% 14.41% -4.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $937.9K $883.0K $3.657M
YoY Change 0.19% 10.14% 39.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $500.00 $500.00 $2.000K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $938.4K $883.5K $3.659M
YoY Change 0.19% 10.13% -22.55%
Operating Profit -$933.4K -$3.636M
YoY Change 0.28% -22.65%
Interest Expense $75.88K $461.5K $509.6K
YoY Change -49.68% -82.26% -44.55%
% of Operating Profit
Other Income/Expense, Net $1.127M $4.605M
YoY Change -13.49% -154.68%
Pretax Income $193.7K -$415.3K $969.0K
YoY Change -47.94% 42.84% -107.39%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $193.7K -$415.3K $969.0K
YoY Change -47.94% 42.84% -107.39%
Net Earnings / Revenue 3894.85% -6226.84% 4200.68%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 665.7M shares 525.7M shares 433.1M shares
Diluted Shares Outstanding 4.550B shares 4.337B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.90K $31.11K $31.11K
YoY Change -68.15% -54.5% -54.5%
Cash & Equivalents $22.90K $31.11K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $22.90K $31.11K $31.11K
YoY Change -68.15% -54.49% -54.5%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $2.096M
YoY Change 0.0%
Intangibles $5.500K $6.000K
YoY Change -25.0%
Long-Term Investments
YoY Change
Other Assets $500.00 $500.00 $500.00
YoY Change 0.0%
Total Long-Term Assets $6.000K $6.500K $6.500K
YoY Change -25.0% -18.75% -18.75%
TOTAL ASSETS
Total Short-Term Assets $22.90K $31.11K $31.11K
Total Long-Term Assets $6.000K $6.500K $6.500K
Total Assets $28.90K $37.61K $37.61K
YoY Change -63.83% -50.75% -50.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $122.1K $113.2K $123.2K
YoY Change -23.83% -10.92% -21.57%
Accrued Expenses $56.84K $56.94K $56.94K
YoY Change -13.7% -8.5% -8.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $88.10K $104.0K $104.0K
YoY Change -51.81% 65.74% 65.74%
Total Short-Term Liabilities $277.0K $1.518M $1.518M
YoY Change -94.9% -76.04% -76.04%
LONG-TERM LIABILITIES
Long-Term Debt $448.5K $399.2K $399.2K
YoY Change 80.4% 100.28% 100.28%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $448.5K $399.2K $399.2K
YoY Change 80.4% 100.28% 100.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $277.0K $1.518M $1.518M
Total Long-Term Liabilities $448.5K $399.2K $399.2K
Total Liabilities $725.5K $1.917M $1.917M
YoY Change -87.22% -70.67% -70.67%
SHAREHOLDERS EQUITY
Retained Earnings -$49.97M -$50.16M
YoY Change -1.9%
Common Stock $733.8K $604.2K
YoY Change 118.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.353M -$7.364M -$1.879M
YoY Change
Total Liabilities & Shareholders Equity $28.90K $37.61K $37.61K
YoY Change -63.83% -50.75% -50.75%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $193.7K -$415.3K $969.0K
YoY Change -47.94% 42.84% -107.39%
Depreciation, Depletion And Amortization $500.00 $500.00 $2.000K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$180.2K -$162.0K -$666.4K
YoY Change 5.41% 29.29% 15.44%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$500.00
YoY Change -100.0% -95.0%
Cash From Investing Activities $0.00 $0.00 -$500.00
YoY Change -100.0% -95.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $172.0K 170.0K $629.6K
YoY Change -1.71% 41.67% -1.16%
NET CHANGE
Cash From Operating Activities -$180.2K -162.0K -$666.4K
Cash From Investing Activities $0.00 0.000 -$500.00
Cash From Financing Activities $172.0K 170.0K $629.6K
Net Change In Cash -$8.212K 7.950K -$37.25K
YoY Change -331.72% -248.88% -174.86%
FREE CASH FLOW
Cash From Operating Activities -$180.2K -$162.0K -$666.4K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Convertible Debt
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CY2021 us-gaap Proceeds From Convertible Debt
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CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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520000 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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50000 usd
CY2022 us-gaap Repayments Of Notes Payable
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40395 usd
CY2021 us-gaap Repayments Of Notes Payable
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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629605 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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637000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
49761 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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18605 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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31113 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2022 dloc Common Shares Issued In Conversion Of Series B Preferred Share
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22100 usd
CY2021 dloc Common Shares Issued In Conversion Of Series B Preferred Share
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CY2022 dloc Common Shares Cancelled
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CY2021 dloc Common Shares Cancelled
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CY2022 dloc Series E Preferred Shares Issued In Conversion Of Debt
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CY2021 dloc Series E Preferred Shares Issued In Conversion Of Debt
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3490000 usd
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0 usd
CY2021 dloc Convertible Notes Payable Reclassified As In Default
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40395 usd
CY2022Q4 dloc Working Capital Deficit
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1497443 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2022 us-gaap Use Of Estimates
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<p style="font-size:10pt;font-family:times new roman;margin:0px">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements include the estimate of useful lives of property and equipment and intangible assets, impairment of assets, the deferred tax valuation allowance, the fair value of stock options and derivative liabilities. Actual results could differ from those estimates.</p>
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-size:10pt;font-family:times new roman;margin:0px">Certain amounts in the condensed consolidated financial statements for the prior year periods have been reclassified to conform to the presentation for the current year periods.</p>
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250000 usd
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P5Y
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2096089 usd
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1233679 usd
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1233679 usd
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5925214 usd
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5925214 usd
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
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The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2021 dloc Derivative Liability Beginning
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11282091 usd
CY2021 dloc Addition To Liability For New Issuances
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7396908 usd
CY2021 dloc Elimination Of Liability On Conversion To Common Shares
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-3774269 usd
CY2021 dloc Change In Fair Values
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CY2022 dloc Derivative Liability Beginning
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5925214 usd
CY2022 dloc Addition To Liability For New Issuances
AdditionToLiabilityForNewIssuances
680474 usd
CY2022 dloc Elimination Of Liabilities In Debt Conversions
EliminationOfLiabilitiesInDebtConversions
-263780 usd
CY2022 dloc Change In Fair Values
ChangeInFairValues
-5108229 usd
CY2022 dloc Derivative Liability Ending
DerivativeLiabilityEnding
1233679 usd
CY2022 dloc Concentrations Of Credit Risk And Major Customers Policy Textblock
ConcentrationsOfCreditRiskAndMajorCustomersPolicyTextblock
<p style="font-size:10pt;font-family:times new roman;margin:0px">During the years ended December 31, 2022 and 2021, the Company received payments from two cell phone carriers, with one carrier representing substantially all payments. </p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">During the years ended December 31, 2022 and 2021, the Company had one landlord receiving all Company payments for lease of billboard site locations.</p>
CY2022 dloc Business Acquisitiontextblock
BusinessAcquisitiontextblock
<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>3.   BUSINESS ACQUISITION</strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On January 7, 2021, the Company, SCS LLC, and SCS entered into the APA to acquire substantially all of the assets of SCS LLC’s wireless communications marketing and database services business in consideration for a total purchase price of $10,000 in cash and a 5-year convertible promissory note in the amount of $1,000,000 made in favor of SCS or its assignees (the “Note”).  SCS LLC is a source of more than 80,000 cell sites offered by property owners for use by wireless network operators.  The business acquisition has been recorded as a purchase.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to the APA, SCS LLC instructed the Company to assign $500,000 of principal amount of the Note to each of SCS LLC’s two members (the “Assigned Notes”).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At any time after December 31, 2021, each month, each holder of the Assigned Notes may convert the principal amount of the Assigned Note into a number of shares of the Company’s common stock not exceeding 5% of the total trade volume of the Company’s common stock publicly reported for the previous calendar month at a conversion price of $0.013 per share. Each Assigned Note also imposes an overall limitation on the number of conversions to common stock that the holder may affect such that it prohibits the holder from beneficially owning more than 4.99% of the total issued and outstanding common stock of the Company at any time that the Assigned Note is outstanding.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The business acquisition closed on January 7, 2021.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Based on the report of an independent valuation firm, the notes payable were discounted to $0 and a derivative liability of $2,096,089 was calculated for the conversion feature of the notes.  The total value of the consideration paid of $2,106,089, including cash paid of $10,000, has been allocated to the following assets based on the report:</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Identifiable intangible assets:</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">IP technology</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Customer base</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">6,000</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Total identifiable intangible assets</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Goodwill</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2,096,089</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,106,089</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the years ended December 31, 2022 and 2021, consolidated revenues were comprised of revenues from SCS.</p>
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CY2022Q3 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
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The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2019Q3 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
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The lender, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 50% discount from the lowest trading price during the 25 days prior to conversion. The Company had no right of prepayment.
CY2020Q3 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
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The lender, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 50% discount from the lowest trading price during the 25 days prior to conversion. The Company had no right of prepayment.
CY2021Q3 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
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The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2021Q4 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
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The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2021Q4 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2021Q4 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2022Q1 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2022Q1 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
CY2022Q2 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
The lender, at its option after 180 days from the issuance of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of the Company’s common stock at a 45% discount from the lowest trading price during the 20 trading days prior to conversion. The Company may prepay the note during the 180 days from the issuance of the note at a redemption premium of 150%. After the expiration of 180 days after issuance, the Company has no right of prepayment.
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CY2021Q4 dloc Debt Instrument Accrued Interest
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CY2021Q1 us-gaap Amortization Of Debt Discount Premium
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CY2022Q4 us-gaap Common Stock Shares Authorized
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2021Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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CY2021Q1 dloc Vesting Period Descriptions
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These options vest 1/36th per month over thirty-six months
CY2021Q1 dloc Stock Option Amount
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CY2021Q4 dloc Vesting Period Descriptions
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These options vest 84,000,000 shares in month 6 and 14,000,000 shares per month in each of the 30 months thereafter
CY2021Q4 dloc Stock Option Amount
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CY2022Q1 dloc Non Qualified Stock Options Total
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120000000 shares
CY2022Q1 dloc Vesting Period Descriptions
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These options vest 1/36th per month over thirty-six months
CY2022Q1 dloc Stock Option Amount
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CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
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CY2021 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
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CY2022Q4 dloc Unrecognized Stock Based Compensation
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2021 dloc Outstanding Shares Ending
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CY2021 dloc Weighted Average Exercise Price Ending
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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120000000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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P6Y5M1D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
109200 usd
CY2022Q4 dloc Common Stock Closing Price
CommonStockClosingPrice
0.008
CY2022 dloc Non Qualified Stock Options
NonQualifiedStockOptions
504000000 shares
CY2022 dloc Vesting Period Descriptions
VestingPeriodDescriptions
The options vest over a 36-month period with 84,000,000 options vesting at the end of month 6 and 14,000,000 options vesting in months 7 through the end of month 36. The options vest 100% upon a sale of the company
CY2022Q1 dloc Non Qualified Stock Options
NonQualifiedStockOptions
75000000 shares
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.29 pure
CY2022Q1 us-gaap Security Deposit
SecurityDeposit
500 usd
CY2022Q1 dloc Rent Paid Per Month
RentPaidPerMonth
500 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
9413 usd
CY2022 us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
Monthly
CY2022Q4 us-gaap Share Price
SharePrice
0.008
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1233679 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5925214 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
281000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3739900 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-200 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-200 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1007400 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
5467600 usd
CY2022 dloc Non Taxable Gains
NonTaxableGains
-1483900 usd
CY2021 dloc Non Taxable Gains
NonTaxableGains
-2636900 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
600 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1100 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
195100 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
908300 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4901900 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4709300 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
125300 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
125300 usd
CY2022Q4 dloc Related Party Accrued Expenses
RelatedPartyAccruedExpenses
11600 usd
CY2021Q4 dloc Related Party Accrued Expenses
RelatedPartyAccruedExpenses
8700 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
600 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
1100 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5039400 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4844400 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5039400 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
16903000 usd
CY2022Q1 dloc Operating Lease Agreement
OperatingLeaseAgreement
P12M
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
12000 usd

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