2024 Q2 Form 10-K Financial Statement

#000107997324000601 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $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 $762.3K $2.546M
YoY Change 51.03% 34.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.450K $37.68K $95.55K
YoY Change -84.21% 259.89% 423.53%
% of Gross Profit
Operating Expenses $557.9K $780.9K $2.642M
YoY Change 2.24% 51.57% 38.25%
Operating Profit -$557.9K -$2.642M
YoY Change 2.24% 38.25%
Interest Expense -$266.2K $215.4K
YoY Change 376.17% 24.79%
% of Operating Profit
Other Income/Expense, Net -$317.8K $8.450K -$791.6K
YoY Change 335.53% -95.12% 2397.77%
Pretax Income -$875.7K -$1.039M -$3.433M
YoY Change 41.56% 161.06% 76.74%
Income Tax $0.00 -$480.00 $0.00
% Of Pretax Income
Net Earnings -$875.7K -$1.038M -$3.433M
YoY Change 41.35% 160.94% 76.74%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.02
Diluted Earnings Per Share $0.00 $0.00 -$0.02
COMMON SHARES
Basic Shares Outstanding 277.7M shares 215.1M shares
Diluted Shares Outstanding 279.4M shares 215.1M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.5K $76.63K $76.63K
YoY Change 236.19% 87.41% 87.41%
Cash & Equivalents $113.5K $76.63K
Short-Term Investments
Other Short-Term Assets $125.0K $152.1K $152.1K
YoY Change -2.02% -3.17% -3.17%
Inventory $456.9K $452.0K $452.0K
Prepaid Expenses $106.8K $116.7K
Receivables $0.00 $0.00
Other Receivables $227.4K $227.4K
Total Short-Term Assets $949.1K $908.1K $908.1K
YoY Change 10.69% 4.8% 4.8%
LONG-TERM ASSETS
Property, Plant & Equipment $156.1K $229.4K $516.7K
YoY Change -55.01% -6.64% 67.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $361.7K $516.7K $516.7K
YoY Change -2.66% 67.88% 67.88%
TOTAL ASSETS
Total Short-Term Assets $949.1K $908.1K $908.1K
Total Long-Term Assets $361.7K $516.7K $516.7K
Total Assets $1.311M $1.425M $1.425M
YoY Change 6.66% 21.33% 21.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $332.6K $269.8K $286.7K
YoY Change -19.97% -16.92% -11.71%
Accrued Expenses $647.2K $361.7K $1.148M
YoY Change 119.75% 49.5% 13.59%
Deferred Revenue
YoY Change
Short-Term Debt $337.4K $152.5K $152.5K
YoY Change 400.19% 106.98% 106.98%
Long-Term Debt Due $0.00 $16.05K $16.05K
YoY Change -100.0% 12.0% 12.0%
Total Short-Term Liabilities $2.736M $1.980M $1.980M
YoY Change 58.15% 23.19% 23.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $34.57K $34.57K
YoY Change -100.0% -29.38% -29.38%
Other Long-Term Liabilities $50.60K $133.5K $133.5K
YoY Change
Total Long-Term Liabilities $50.60K $168.1K $168.1K
YoY Change -56.71% 243.41% 243.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.736M $1.980M $1.980M
Total Long-Term Liabilities $50.60K $168.1K $168.1K
Total Liabilities $2.787M $2.148M $2.148M
YoY Change 50.88% 29.7% 29.7%
SHAREHOLDERS EQUITY
Retained Earnings -$29.63M -$27.77M
YoY Change 15.44% 14.11%
Common Stock $280.9K $268.0K
YoY Change 30.66% 46.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.476M -$723.2K -$723.2K
YoY Change
Total Liabilities & Shareholders Equity $1.311M $1.425M $1.425M
YoY Change 6.66% 21.33% 21.33%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$875.7K -$1.038M -$3.433M
YoY Change 41.35% 160.94% 76.74%
Depreciation, Depletion And Amortization $3.450K $37.68K $95.55K
YoY Change -84.21% 259.89% 423.53%
Cash From Operating Activities -$298.1K -$784.3K -$2.338M
YoY Change -5.77% 161.13% 44.4%
INVESTING ACTIVITIES
Capital Expenditures $8.170K $39.95K
YoY Change -93.07% -79.62%
Acquisitions
YoY Change
Other Investing Activities $46.32K
YoY Change
Cash From Investing Activities $52.11K -$8.170K -$39.95K
YoY Change -234.55% -93.07% -79.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 342.4K 740.0K $2.417M
YoY Change 84.55% 90.24% 88.85%
NET CHANGE
Cash From Operating Activities -298.1K -784.3K -$2.338M
Cash From Investing Activities 52.11K -8.170K -$39.95K
Cash From Financing Activities 342.4K 740.0K $2.417M
Net Change In Cash 96.40K -52.42K $35.74K
YoY Change -156.85% 79.21% -106.51%
FREE CASH FLOW
Cash From Operating Activities -$298.1K -$784.3K -$2.338M
Capital Expenditures $8.170K $39.95K
Free Cash Flow -$792.5K -$2.378M
YoY Change 89.47% 31.01%

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CY2023 us-gaap Payments To Acquire Oil And Gas Property And Equipment
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CY2022 eawd Derivative Liability Discount
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CY2023 eawd Reclassification Of Equity To Liability For Derivatives
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<p id="xdx_84F_eus-gaap--UseOfEstimates_zh9IC1cH8Ct4" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><span id="xdx_862_zjyI3ixLw0Se">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </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"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p>
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September 30, 2025
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CY2023Q4 eawd Imputed Interest
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CY2022Q4 eawd Due To Related Party
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CY2023 eawd Solar Powered Atmospheric Water Generator
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CY2023Q1 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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CY2023Q1 us-gaap Common Stock Shares Subscribed But Unissued
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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CY2023Q4 us-gaap Common Stock Shares Authorized
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CY2023 eawd Return Of Shares In Settlement Litigation
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CY2023Q4 us-gaap Stock Issued During Period Value Issued For Services
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CY2023Q4 us-gaap Stock Issued During Period Shares Issued For Services
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CY2023Q4 us-gaap Stock Issued During Period Value Issued For Services
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CY2022 eawd Convertiblnote
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CY2022 eawd Conversion Of Interest And Fees1
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CY2023 us-gaap Line Of Credit Facility Description
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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.
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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