2024 Q1 Form 10-Q Financial Statement

#000107997324000062 Filed on January 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q3 2022 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $590.5K $763.9K $514.3K
YoY Change 21.56% 48.54% 147.4%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.54K $16.62K $3.010K
YoY Change 21.33% 452.03% 2408.33%
% of Gross Profit
Operating Expenses $616.2K $810.0K $517.3K
YoY Change 21.98% 56.58% 148.85%
Operating Profit -$616.2K -$810.0K -$517.3K
YoY Change 21.98% 56.58%
Interest Expense -$365.7K $71.76K $0.00
YoY Change -867.15% -100.0%
% of Operating Profit
Other Income/Expense, Net -$1.920K -$256.0K -$134.6K
YoY Change -99.06% 90.23%
Pretax Income -$983.8K -$1.066M -$651.9K
YoY Change 38.56% 63.53% 29.85%
Income Tax $0.00 -$443.00 $0.00
% Of Pretax Income
Net Earnings -$983.8K -$1.066M -$651.9K
YoY Change 38.56% 63.46%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$3.709K
COMMON SHARES
Basic Shares Outstanding 261.3M shares 222.7M shares 174.9M shares
Diluted Shares Outstanding 218.6M shares 175.8M shares

Balance Sheet

Concept 2024 Q1 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.51K $115.8K $56.98K
YoY Change -65.03% 103.28% -3.68%
Cash & Equivalents $115.8K $56.98K
Short-Term Investments
Other Short-Term Assets $136.4K $121.4K $170.8K
YoY Change 7.55% -28.9% -68.82%
Inventory $460.9K $468.0K $416.5K
Prepaid Expenses $103.5K
Receivables $0.00 $54.82K
Other Receivables $196.1K $130.0K
Total Short-Term Assets $886.0K $901.4K $829.1K
YoY Change -8.24% 8.72% -22.05%
LONG-TERM ASSETS
Property, Plant & Equipment $456.1K $320.6K $147.6K
YoY Change 71.54% 117.28% 124.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $456.1K $330.4K $147.6K
YoY Change 49.42% 123.88% 124.39%
TOTAL ASSETS
Total Short-Term Assets $886.0K $901.4K $829.1K
Total Long-Term Assets $456.1K $330.4K $147.6K
Total Assets $1.342M $1.232M $976.7K
YoY Change 5.61% 26.12% -13.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.9K $339.4K $292.7K
YoY Change 8.76% 15.93% -73.27%
Accrued Expenses $1.327M $305.7K $909.5K
YoY Change 408.79% -66.39% 627.56%
Deferred Revenue
YoY Change
Short-Term Debt $262.7K $168.5K $40.00K
YoY Change 124.91% 321.35% -83.88%
Long-Term Debt Due $16.01K $38.32K
YoY Change 7.23%
Total Short-Term Liabilities $2.117M $1.813M $1.242M
YoY Change 40.19% 45.96% -58.42%
LONG-TERM LIABILITIES
Long-Term Debt $29.68K $104.0K $0.00
YoY Change -35.7%
Other Long-Term Liabilities $91.26K $8.960K
YoY Change -57.74%
Total Long-Term Liabilities $120.9K $104.0K $8.960K
YoY Change 162.0% 1060.6% -57.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.117M $1.813M $1.242M
Total Long-Term Liabilities $120.9K $104.0K $8.960K
Total Liabilities $2.238M $1.917M $1.251M
YoY Change 43.8% 53.22% -58.41%
SHAREHOLDERS EQUITY
Retained Earnings -$26.73M
YoY Change
Common Stock $222.7K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$896.1K -$685.3K -$274.5K
YoY Change
Total Liabilities & Shareholders Equity $1.342M $1.232M $976.7K
YoY Change 5.61% 26.12% -13.52%

Cashflow Statement

Concept 2024 Q1 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$983.8K -$1.066M -$651.9K
YoY Change 38.56% 63.46%
Depreciation, Depletion And Amortization $23.54K $16.62K $3.010K
YoY Change 21.33% 452.03% 2408.33%
Cash From Operating Activities -$405.1K -$844.5K -$294.3K
YoY Change 3.19% 186.93% -6.78%
INVESTING ACTIVITIES
Capital Expenditures $5.790K -$6.950K $1.170K
YoY Change -694.02% -127.21%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$5.790K $6.950K $1.170K
YoY Change 494.02% -127.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 413.0K 950.3K 300.0K
YoY Change -23.72% 216.78% 135.59%
NET CHANGE
Cash From Operating Activities -405.1K -844.5K -294.3K
Cash From Investing Activities -5.790K 6.950K 1.170K
Cash From Financing Activities 413.0K 950.3K 300.0K
Net Change In Cash 2.080K 112.8K 6.860K
YoY Change -97.99% 1544.75% -103.56%
FREE CASH FLOW
Cash From Operating Activities -$405.1K -$844.5K -$294.3K
Capital Expenditures $5.790K -$6.950K $1.170K
Free Cash Flow -$410.9K -$837.5K -$295.5K
YoY Change 4.66% 183.44% -5.12%

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<p id="xdx_848_eus-gaap--UseOfEstimates_z1Tm0G9593y" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_86E_ziZCFl8UClG">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The preparation of financial statements in accordance 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 the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates. Estimates which are particularly significant to the financial statements include estimates relating to the determination of impairment of assets, assessment of going concern, the determination of the fair value of stock-based compensation, and the recoverability of deferred income tax assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
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CY2023Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
6952523 shares
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
168126 usd
CY2023Q1 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
310700 usd
CY2023Q1 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
13674000 shares
CY2023Q2 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
30000 usd
CY2023Q2 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
1500000 shares
CY2023Q3 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
866600 usd
CY2023Q3 eawd Common Stocks Shares Subscribed But Unissued
CommonStocksSharesSubscribedButUnissued
26211000 shares
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
222682942 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
222682942 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
182934483 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
182934483 shares
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
5000000 usd
CY2022Q1 us-gaap Shares Issued
SharesIssued
500000 shares
CY2022Q1 eawd Shares Isuued Value
SharesIsuuedValue
80000 usd
eawd Purchase Of Common Stock
PurchaseOfCommonStock
5000000 usd
CY2023Q3 eawd Additional Common Shares
AdditionalCommonShares
500000 shares
us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
Requests are limited to the lesser of $1,000,000 or 500% of the average shares traded for the 10 days prior the Closing Request Date. The purchase price shall be 85% of the two lowest individual daily VWAP during the five (5) trading days immediately prior to the date the Request Notice is delivered (in each case, to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction that occurs on or after the date of this Agreement). In addition, the Company and Tysadco Partners entered into a Registration Rights Agreement, whereby the Company shall register the securities on a registration statement covering the Offering Amount with the Securities and Exchange Commission (“SEC”) within forty-five days of filing its 10-K for the year ended December 31, 2021. The Company’s Registration Statement on Form S-1 registering 25,000,000 shares in connection with the ELOC was declared effective on July 5, 2022.
CY2023Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
24006 usd
CY2022Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
22247 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
100793 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
41768 usd
CY2023Q3 us-gaap Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
866600 usd
CY2023Q3 eawd Common Stock Subscriptions Shares
CommonStockSubscriptionsShares
26211000 shares

Files In Submission

Name View Source Status
eawd-20230930_lab.xml Edgar Link unprocessable
eawd-20230930_cal.xml Edgar Link unprocessable
eawd-20230930_pre.xml Edgar Link unprocessable
eawd-20230930_def.xml Edgar Link unprocessable
0001079973-24-000062-index-headers.html Edgar Link pending
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0001079973-24-000062.txt Edgar Link pending
0001079973-24-000062-xbrl.zip Edgar Link pending
eawd-20230930.xsd Edgar Link pending
eawd_10q.htm Edgar Link pending
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