2023 Q1 Form 10-Q Financial Statement
#000149315223005794 Filed on February 22, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q3 |
---|---|---|---|
Revenue | $2.834M | $320.4K | $330.2K |
YoY Change | 1012.87% | 16.67% | 40.84% |
Cost Of Revenue | $2.440M | $72.80K | $225.9K |
YoY Change | 2990.41% | -68.41% | -266.62% |
Gross Profit | $394.2K | $242.3K | $104.2K |
YoY Change | 124.32% | 448.61% | -71.83% |
Gross Profit Margin | 13.91% | 75.64% | 31.57% |
Selling, General & Admin | $807.4K | $715.2K | $824.4K |
YoY Change | 10.6% | -50.08% | -49.27% |
% of Gross Profit | 204.81% | 295.14% | 790.96% |
Research & Development | $1.490K | $3.062K | $5.390K |
YoY Change | -91.02% | 30.3% | 72.76% |
% of Gross Profit | 0.38% | 1.26% | 5.17% |
Depreciation & Amortization | $2.360K | $2.570K | $3.770K |
YoY Change | -53.73% | -49.61% | -26.08% |
% of Gross Profit | 0.6% | 1.06% | 3.62% |
Operating Expenses | $811.2K | $720.8K | $833.6K |
YoY Change | 7.92% | -49.95% | -48.96% |
Operating Profit | -$417.0K | -$478.5K | -$729.4K |
YoY Change | -27.6% | -65.72% | -42.26% |
Interest Expense | -$1.109M | $283.0K | $12.17M |
YoY Change | -52.03% | -183.79% | -2758.62% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | -$768.4K | $66.35K |
YoY Change | 244.16% | ||
Pretax Income | -$1.526M | -$1.247M | $11.51M |
YoY Change | -45.1% | -24.3% | -706.28% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.526M | -$1.247M | $11.51M |
YoY Change | -45.1% | -24.3% | -706.28% |
Net Earnings / Revenue | -53.83% | -389.2% | 3485.9% |
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | $0.00 | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 506.4M shares | 502.7M shares | 523.1M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $155.0K | $5.640K | $365.2K |
YoY Change | 483.18% | -97.06% | 1086.09% |
Cash & Equivalents | $5.642K | $365.2K | |
Short-Term Investments | |||
Other Short-Term Assets | $1.195M | $264.6K | $279.6K |
YoY Change | 4549.69% | 929.42% | 571.21% |
Inventory | $645.0K | $730.5K | $777.9K |
Prepaid Expenses | $264.6K | $279.6K | |
Receivables | $790.6K | $115.0K | $256.1K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.786M | $1.116M | $1.679M |
YoY Change | 162.16% | -7.1% | 62.34% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $73.11K | $25.44K | $28.01K |
YoY Change | -83.36% | -89.82% | -93.77% |
Goodwill | $9.807M | ||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $420.00 | $2.000M | $2.000M |
YoY Change | 0.0% | 20065.52% | 20065.52% |
Other Assets | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Assets | $9.897M | $3.542M | $3.545M |
YoY Change | 1301.6% | 391.46% | 388.36% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.786M | $1.116M | $1.679M |
Total Long-Term Assets | $9.897M | $3.542M | $3.545M |
Total Assets | $12.68M | $4.658M | $5.223M |
YoY Change | 617.08% | 142.38% | 196.8% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.087M | $2.249M | $2.253M |
YoY Change | 100.45% | 90.99% | 120.81% |
Accrued Expenses | $1.878M | $19.76K | $19.76K |
YoY Change | -26.58% | -99.13% | -54.55% |
Deferred Revenue | $15.18K | $15.18K | |
YoY Change | -58.64% | ||
Short-Term Debt | $1.000M | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $6.348M | $7.200M | $6.571M |
YoY Change | -16.52% | -6.3% | -1.24% |
Total Short-Term Liabilities | $20.36M | $10.73M | $10.01M |
YoY Change | 34.53% | -14.23% | -12.93% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.294M | $3.160M | $3.366M |
YoY Change | 1630.15% | 1173.17% | 1256.03% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $4.294M | $3.160M | $3.366M |
YoY Change | 1630.15% | 1173.17% | 1256.03% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $20.36M | $10.73M | $10.01M |
Total Long-Term Liabilities | $4.294M | $3.160M | $3.366M |
Total Liabilities | $23.84M | $13.89M | $13.38M |
YoY Change | 54.94% | 8.87% | 13.89% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$44.89M | -$43.64M | |
YoY Change | 10.45% | ||
Common Stock | $50.41K | $50.14K | |
YoY Change | 3.1% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$11.16M | -$9.233M | -$8.155M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $12.68M | $4.658M | $5.223M |
YoY Change | 617.08% | 142.38% | 196.8% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.526M | -$1.247M | $11.51M |
YoY Change | -45.1% | -24.3% | -706.28% |
Depreciation, Depletion And Amortization | $2.360K | $2.570K | $3.770K |
YoY Change | -53.73% | -49.61% | -26.08% |
Cash From Operating Activities | $503.7K | -$358.8K | -$235.9K |
YoY Change | -388.31% | -62.07% | -59.06% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$1.500M |
YoY Change | -100.0% | ||
Cash From Investing Activities | $0.00 | -$1.500M | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -355.3K | -$731.00 | 2.095M |
YoY Change | -100.07% | 264.26% | |
NET CHANGE | |||
Cash From Operating Activities | 503.7K | -$358.8K | -235.9K |
Cash From Investing Activities | 0.000 | -1.500M | |
Cash From Financing Activities | -355.3K | -$731.00 | 2.095M |
Net Change In Cash | 148.4K | -$359.5K | 358.6K |
YoY Change | -189.81% | -30234.45% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $503.7K | -$358.8K | -$235.9K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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-43642790 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9233111 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8154808 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4657857 | usd |
CY2022Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5223404 | usd |
CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
320369 | usd |
CY2021Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
274591 | usd |
CY2022Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
72799 | usd |
CY2021Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
230423 | usd |
CY2022Q4 | EDXC |
Inventory Impairment
InventoryImpairment
|
5247 | usd |
CY2021Q4 | EDXC |
Inventory Impairment
InventoryImpairment
|
27913 | usd |
CY2022Q4 | us-gaap |
Gross Profit
GrossProfit
|
242323 | usd |
CY2021Q4 | us-gaap |
Gross Profit
GrossProfit
|
16255 | usd |
CY2022Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2566 | usd |
CY2021Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5100 | usd |
CY2022Q4 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
93945 | usd |
CY2021Q4 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
323648 | usd |
CY2022Q4 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
82283 | usd |
CY2021Q4 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
168086 | usd |
CY2022Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
329068 | usd |
CY2021Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
686373 | usd |
CY2022Q4 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3062 | usd |
CY2021Q4 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2351 | usd |
CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-478494 | usd |
CY2021Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1423942 | usd |
CY2021Q4 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
427709 | usd |
CY2022Q4 | EDXC |
Financing Costs And Discount Amortization
FinancingCostsAndDiscountAmortization
|
423399 | usd |
CY2022Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
720817 | usd |
CY2021Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
1440197 | usd |
CY2021Q4 | EDXC |
Financing Costs And Discount Amortization
FinancingCostsAndDiscountAmortization
|
523196 | usd |
CY2022Q4 | us-gaap |
Interest Expense
InterestExpense
|
282994 | usd |
CY2021Q4 | us-gaap |
Interest Expense
InterestExpense
|
242254 | usd |
CY2021Q4 | EDXC |
Gain On Settlement Of Liabilities
GainOnSettlementOfLiabilities
|
114478 | usd |
CY2022Q4 | EDXC |
Gain On Settlement Of Liabilities
GainOnSettlementOfLiabilities
|
-62000 | usd |
CY2022Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-768393 | usd |
CY2021Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-223263 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1246887 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1647205 | usd |
CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2021Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2021Q4 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
300000 | usd |
CY2021Q4 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
360906 | usd |
CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
502735814 | shares |
CY2021Q4 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
135813 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1647205 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-10837627 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8154808 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
106584 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
62000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1246887 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9233111 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1246887 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1647205 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
106584 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
300000 | usd |
CY2022Q4 | EDXC |
Shares Issued For Settlement
SharesIssuedForSettlement
|
62000 | usd |
CY2021Q4 | EDXC |
Shares Issued For Financing Costs
SharesIssuedForFinancingCosts
|
135813 | usd |
CY2021Q4 | EDXC |
Warrants Issued For Financing Costs
WarrantsIssuedForFinancingCosts
|
360906 | usd |
CY2022Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2566 | usd |
CY2021Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5100 | usd |
CY2022Q4 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
423399 | usd |
CY2021Q4 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
26330 | usd |
CY2021Q4 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
427709 | usd |
CY2021Q4 | EDXC |
Gain From Settlement Of Liabilities
GainFromSettlementOfLiabilities
|
114478 | usd |
CY2022Q4 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
5247 | usd |
CY2021Q4 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
27913 | usd |
CY2021Q4 | EDXC |
Financing Costs
FinancingCosts
|
147 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-141082 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
33459 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-42132 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6394 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-15000 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-15952 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3868 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
157262 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-21523 | usd |
CY2021Q4 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-26760 | usd |
CY2022Q4 | EDXC |
Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
|
80000 | usd |
CY2021Q4 | EDXC |
Increase Decrease In Accrued Interest
IncreaseDecreaseInAccruedInterest
|
218192 | usd |
CY2022Q4 | EDXC |
Increase Decrease In Payroll And Taxes Payable Primarily Related Party
IncreaseDecreaseInPayrollAndTaxesPayablePrimarilyRelatedParty
|
13956 | usd |
CY2021Q4 | EDXC |
Increase Decrease In Payroll And Taxes Payable Primarily Related Party
IncreaseDecreaseInPayrollAndTaxesPayablePrimarilyRelatedParty
|
84002 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-358789 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-945911 | usd |
CY2021Q4 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
999853 | usd |
CY2021Q4 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
116980 | usd |
CY2022Q4 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
731 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-731 | usd |
CY2021Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1116833 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-359520 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
170922 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
365162 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
20867 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5642 | usd |
CY2021Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
24062 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
191789 | usd |
CY2022Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
202994 | usd |
CY2021Q4 | EDXC |
Debt Discount At Origination
DebtDiscountAtOrigination
|
111111 | usd |
CY2022Q4 | EDXC |
Working Capital Deficit
WorkingCapitalDeficit
|
-25615220 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-44889677 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1246887 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-358789 | usd |
CY2022Q4 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_844_eus-gaap--UseOfEstimates_z3ZET1SJZKQ7" 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: 10pt"><span style="text-decoration: underline"><span id="xdx_863_z0rH1JHhJ5D">Use of Estimates</span></span></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: 10pt"> </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: 10pt">The Company’s financial statement preparation requires that management make estimates and assumptions which affect the reporting of assets and liabilities and the related disclosure of contingent assets and liabilities in order to report these financial statements in conformity with GAAP. Actual results could differ from those estimates.</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: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
58257 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
58257 | usd |
CY2022Q4 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
264560 | usd |
CY2022Q3 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
279560 | usd |
CY2022Q4 | EDXC |
Schedule Of Property And Equipment Useful Lives
ScheduleOfPropertyAndEquipmentUsefulLives
|
<p id="xdx_892_ecustom--ScheduleOfPropertyAndEquipmentUsefulLives_zEjQZxwe8ja" 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: 10pt">Depreciation is computed on the straight-line method net of salvage value with useful lives as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zhHIvc7yb7nk" style="display: none">Schedule of Property and Equipment Useful Lives</span></span></p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 60%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 30%"> </td> <td style="text-align: left; width: 56%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Computer</span> equipment and software</td> <td style="text-align: right; width: 14%"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_c20221001__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerSoftwareIntangibleAssetMember_zN06tR19LZc1" title="Useful lives property and equipment">5 years</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Business</span> equipment and fixtures </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dt_c20221001__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--BusinessEquipmentandFixturesMember_zXZjmWzmAAsb" title="Useful lives property and equipment">7 years</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property</span> and buildings </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dt_c20221001__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--PropertyandBuildingsMember_zEaqBbdXWKmj" title="Useful lives property and equipment">39 years</span></td></tr> </table> | |
CY2022Q4 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2021Q4 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2022Q4 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3062 | usd |
CY2021Q4 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2351 | usd |
CY2022Q4 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
93945 | usd |
CY2021Q4 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
323648 | usd |
CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
201844703 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
201844703 | shares |
CY2022Q4 | EDXC |
Percentage For Beneficial Ownership Limitation Cap
PercentageForBeneficialOwnershipLimitationCap
|
0.0499 | pure |
CY2021Q3 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weightedaverage Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedaverageExercisePrice
|
0.03 | |
CY2022 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Weightedaverage Remaining Contractual Life Outstanding Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedaverageRemainingContractualLifeOutstandingEnding
|
P4Y10M24D | |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
4291 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
241815 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
249042 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1394247 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1427017 | usd |
CY2022Q4 | us-gaap |
Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
|
75000 | usd |
CY2022Q3 | us-gaap |
Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
|
77135 | usd |
CY2022Q4 | EDXC |
Inventory Apparel
InventoryApparel
|
96186 | usd |
CY2022Q3 | EDXC |
Inventory Apparel
InventoryApparel
|
96186 | usd |
CY2022Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
1076716 | usd |
CY2022Q3 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
1071469 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
730532 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
777911 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
105049 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
105049 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
79610 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
77044 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
25439 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
28005 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
9141076 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
2134 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
9141807 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
9141807 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
4291 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
88918645 | shares |
CY2022Q4 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weightedaverage Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedaverageExercisePrice
|
0.03 | |
CY2022Q4 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Weightedaverage Remaining Contractual Life Outstanding Ending
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedaverageRemainingContractualLifeOutstandingEnding
|
P4Y8M12D | |
CY2022Q4 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Execisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExecisableNumber
|
88918645 | shares |
CY2022Q4 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weightedaverage Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedaverageExercisePrice
|
0.03 | |
CY2022Q4 | EDXC |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Weightedaverage Remaining Contractual Life Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedaverageRemainingContractualLifeExercisable
|
P4Y8M12D | |
CY2022Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
128105 | usd |
CY2022Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
128105 | usd |
CY2022Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
801081 | usd |
CY2022Q3 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
787125 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
929186 | usd |
CY2022Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
915230 | usd |
CY2021Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2021Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one vote per share | |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
504095364 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
501376264 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
88918645 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
22500000 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.01 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y10M24D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
22500000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.01 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y8M12D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
22500000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.01 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P0Y8M12D | |
CY2019Q1 | us-gaap |
Collaborative Arrangement Rights And Obligations
CollaborativeArrangementRightsAndObligations
|
we entered into an agreement with a third party to represent our products to customers, the term of the agreement is for four (4) years from the date of the contract, January 28, 2023, and has automatic four-year renewal clauses. We agreed to pay a commission of nineteen percent (19%), composed of ten percent (10%) for commission, two percent (2%) for override, and seven percent (7%) for expenses of managing and advertising the account. Within thirty (30) days of the end of the calendar year, we agreed to pay the representative a bonus for certain sales milestones if two percent (2%) of the net receipts, payable in shares of our restricted common stock | |
CY2022Q3 | us-gaap |
Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
|
2000000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
|
2000000 | usd |
CY2022Q4 | EDXC |
Ownership Limitation Description
OwnershipLimitationDescription
|
The Self-financing Note is subject to an “ownership limitation” such that the Seller cannot request that it be issued shares of our Common Stock as payment if such issuance would result in the Seller holding more than 4.99% of the then-issued and outstanding shares of our Common Stock (a “Conversion or Exercise Blocker” |