2023 Q1 Form 10-Q Financial Statement

#000149315223005794 Filed on February 22, 2023

View on sec.gov

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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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”

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