2023 Q1 Form 10-K Financial Statement

#000121390023025269 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $632.3K $597.7K $2.476M
YoY Change 6.59% -1.22% 3.71%
Cost Of Revenue $110.0K $121.0K $399.7K
YoY Change -16.5% -43.62% -60.8%
Gross Profit $503.3K $476.7K $1.976M
YoY Change 9.05% 22.08% 44.53%
Gross Profit Margin 79.6% 79.76% 79.82%
Selling, General & Admin $491.8K $710.2K $2.252M
YoY Change 6.09% 54.03% 58.51%
% of Gross Profit 97.73% 149.0% 113.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.553K $29.11K $6.319K
YoY Change -58.95% 2646.23% 179.6%
% of Gross Profit 0.51% 6.11% 0.32%
Operating Expenses $504.7K $739.3K $2.300M
YoY Change 7.44% 60.34% 61.91%
Operating Profit -$1.487K -$262.7K -$324.4K
YoY Change -82.08% 271.74% 505.32%
Interest Expense -$6.920K $2.390K $9.100K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$6.923K $96.34K $126.7K
YoY Change -188.42% 695.54% -100.29%
Pretax Income -$8.410K -$163.9K -$197.6K
YoY Change 1689.36% 180.05% -99.54%
Income Tax $31.00K $41.21K
% Of Pretax Income
Net Earnings -$8.410K -$194.9K -$238.9K
YoY Change 1708.6% 232.99% -99.45%
Net Earnings / Revenue -1.33% -32.62% -9.65%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 414.4M shares 414.4M shares 414.1M shares
Diluted Shares Outstanding 414.4M shares 414.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.0K $504.0K $504.0K
YoY Change 54.97% 63.35% 63.35%
Cash & Equivalents $460.0K $504.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $575.3K $330.9K $330.9K
Other Receivables $543.6K $435.6K $435.6K
Total Short-Term Assets $1.579M $1.270M $1.270M
YoY Change 59.09% 24.53% 24.53%
LONG-TERM ASSETS
Property, Plant & Equipment $20.69K $19.21K $40.86K
YoY Change -7.36% 80.91% 21.72%
Goodwill
YoY Change
Intangibles $157.6K $168.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $485.5K $208.9K $208.9K
YoY Change 52.48% 522.14% 521.98%
TOTAL ASSETS
Total Short-Term Assets $1.579M $1.270M $1.270M
Total Long-Term Assets $485.5K $208.9K $208.9K
Total Assets $2.064M $1.479M $1.479M
YoY Change 57.49% 40.38% 40.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.55K $34.34K $401.7K
YoY Change -91.37% -56.16% 60.15%
Accrued Expenses $43.97K $12.26K $12.26K
YoY Change -25.04% -79.7% -79.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.357M $1.017M $1.017M
YoY Change 161.41% 72.99% 72.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $263.2K $9.390K $9.390K
YoY Change 2610.4% -59.08% -59.08%
Total Long-Term Liabilities $263.2K $9.391K $9.390K
YoY Change 2610.43% -59.09% -59.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.357M $1.017M $1.017M
Total Long-Term Liabilities $263.2K $9.391K $9.390K
Total Liabilities $1.620M $1.027M $1.027M
YoY Change 206.38% 68.03% 68.03%
SHAREHOLDERS EQUITY
Retained Earnings -$44.65M -$44.64M
YoY Change 0.54%
Common Stock $41.45K $41.45K
YoY Change 1.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $444.2K $452.6K $452.6K
YoY Change
Total Liabilities & Shareholders Equity $2.064M $1.479M $1.479M
YoY Change 57.49% 40.38% 40.38%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$8.410K -$194.9K -$238.9K
YoY Change 1708.6% 232.99% -99.45%
Depreciation, Depletion And Amortization $2.553K $29.11K $6.319K
YoY Change -58.95% 2646.23% 179.6%
Cash From Operating Activities -$39.91K $110.8K $210.4K
YoY Change -236.35% -141.48% -221.93%
INVESTING ACTIVITIES
Capital Expenditures $4.028K $2.880K $14.91K
YoY Change -223.18% -352.63% -215.77%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.028K -$2.880K -$14.91K
YoY Change 23.18% 152.63% 15.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -$39.91K 110.8K $210.4K
Cash From Investing Activities -$4.028K -2.880K -$14.91K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -$43.94K 107.9K $195.2K
YoY Change 276.17% -146.91% -653.18%
FREE CASH FLOW
Cash From Operating Activities -$39.91K $110.8K $210.4K
Capital Expenditures $4.028K $2.880K $14.91K
Free Cash Flow -$43.94K $107.9K $195.5K
YoY Change -235.02% -140.58% -222.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
333-225239
CY2022 dei Entity Registrant Name
EntityRegistrantName
Elvictor Group, Inc.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-3296328
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
Vassileos Constantinou 79
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Vari
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
16672
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Attiki
CY2022 dei Entity Address Country
EntityAddressCountry
GR
CY2022 dei City Area Code
CityAreaCode
(877)
CY2022 dei Local Phone Number
LocalPhoneNumber
374-4196
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
Yes
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
11604565 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
414448757 shares
CY2022 dei Auditor Name
AuditorName
BF Borgers CPA PC
CY2022 dei Auditor Firm
AuditorFirmId
5041
CY2022 dei Auditor Location
AuditorLocation
Lakewood, CO
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
503981 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
308526 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
330864 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
427482 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
7194 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
59631 usd
CY2022Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
369800 usd
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
161731 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
58628 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2469 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1270467 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
959839 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21653 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
83347 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
168000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19211 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10619 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
208864 usd
CY2021Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
93966 usd
CY2022Q4 us-gaap Assets
Assets
1479331 usd
CY2021Q4 us-gaap Assets
Assets
1053805 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
34336 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
78322 usd
CY2022Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
310892 usd
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
88253 usd
CY2022Q4 elvg Accounts Payable Trade Current Related Party
AccountsPayableTradeCurrentRelatedParty
56434 usd
CY2021Q4 elvg Accounts Payable Trade Current Related Party
AccountsPayableTradeCurrentRelatedParty
84223 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
485675 usd
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
206200 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12262 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
60394 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
68759 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
30613 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
48991 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
40098 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1017349 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
588103 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9391 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
22953 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
9391 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
22953 usd
CY2022Q4 us-gaap Liabilities
Liabilities
1026740 usd
CY2021Q4 us-gaap Liabilities
Liabilities
611056 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
414448757 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
414448757 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
406548757 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
406548757 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
41445 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
40655 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
45050884 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
44802974 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44639738 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44400880 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
452591 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
442749 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1479331 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1053805 usd
CY2022 elvg Gross Revenue
GrossRevenue
2045558 usd
CY2021 elvg Gross Revenue
GrossRevenue
1986862 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
430102 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
400158 usd
CY2022 us-gaap Revenues
Revenues
2475660 usd
CY2021 us-gaap Revenues
Revenues
2387020 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
399717 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
370193 usd
CY2022 elvg Cost Of Revenue Related Party
CostOfRevenueRelatedParty
99890 usd
CY2021 elvg Cost Of Revenue Related Party
CostOfRevenueRelatedParty
649578 usd
CY2022 us-gaap Gross Profit
GrossProfit
1976053 usd
CY2021 us-gaap Gross Profit
GrossProfit
1367249 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
540416 usd
CY2021 us-gaap Professional Fees
ProfessionalFees
356472 usd
CY2022 elvg Professional Fees Related Party
ProfessionalFeesRelatedParty
137004 usd
CY2021 elvg Professional Fees Related Party
ProfessionalFeesRelatedParty
127957 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1316906 usd
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
720192 usd
CY2022 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
56931 usd
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
59144 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17070 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
48319 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
183796 usd
CY2021 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
157076 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
2300442 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
1420841 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-324389 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-53592 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
9101 usd
CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Government Grants
IncomeTaxExpenseBenefitContinuingOperationsGovernmentGrants
36712 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
-43147786 usd
CY2022 us-gaap Other Income
OtherIncome
117642 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
126743 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-43111074 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-197646 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43164666 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
308526 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
343804 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41212 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-238858 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-43164740 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
414059168 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
306360531 shares
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-238858 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-43164740 usd
CY2022 us-gaap Depreciation
Depreciation
6319 usd
CY2021 us-gaap Depreciation
Depreciation
2257 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
42000 usd
CY2022 elvg Shares Issued For Services
SharesIssuedForServices
38700 usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
43147786 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-96618 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
168492 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-52436 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
59631 usd
CY2022 us-gaap Increase Decrease In Notes Receivable Related Parties Current
IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent
208069 usd
CY2021 us-gaap Increase Decrease In Notes Receivable Related Parties Current
IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent
161731 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
56159 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
287 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-43986 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
66336 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
222639 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
25022 usd
CY2022 elvg Increase Decrease In Accounts Payable Trade Related Parties
IncreaseDecreaseInAccountsPayableTradeRelatedParties
-27789 usd
CY2021 elvg Increase Decrease In Accounts Payable Trade Related Parties
IncreaseDecreaseInAccountsPayableTradeRelatedParties
61685 usd
CY2022 elvg Increase Decrease Other Payables
IncreaseDecreaseOtherPayables
279475 usd
CY2021 elvg Increase Decrease Other Payables
IncreaseDecreaseOtherPayables
49892 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
38146 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
29369 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
8893 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
38300 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
210365 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-134234 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14911 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12877 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14911 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12877 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
111833 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
111833 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
195161 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-35278 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
503981 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
308526 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10217 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
73 usd
CY2021 elvg Common Stock Issued To Reduce Convertible Notes Payable
CommonStockIssuedToReduceConvertibleNotesPayable
405725 usd
CY2022 us-gaap Stock Issued1
StockIssued1
210000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
61863 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
442749 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
38700 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
210000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-238858 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
452591 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-57857 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
111833 usd
CY2021 elvg Issuance Of Convertible Bonds
IssuanceOfConvertibleBonds
405727 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
43147786 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-43164740 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
442749 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<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"><b>NOTE 1 – DESCRIPTION OF BUSINESS</b></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">Elvictor Group, Inc. formerly known as Thenablers, Inc. (“Elvictor Group, Inc.” or the “Company”) was incorporated in the State of Nevada on November 3, 2017. With the change to the Elvictor name came the addition of the brand and new team in crew management in the shipping industry. The new management team comes from Elvictor (the Greece-based private entity founded in 1977, which is the predecessor to the company whose business became a part of the business of Thenablers in 2019, the “Elvictor Greece”) that has been active across various value-adding activities of the shipping sector, such as ship management, technical management, crewing &amp; crew management. Its professional core of activities includes crew management, training and the creation of in-house software related to crew and ship matters, for the amelioration of all its operations, facilitating both its employees and those that depend on them. The Company aims to broaden its scope of activities, expanding on to new areas, while refining the existing ones. Placing prime importance on digitalization, the Company plans on the extensive use of Artificial Intelligence, through the application of Machine and Deep Learning, in concert with the integration of a wide array of cloud systems. The strategic growth of the Group on a horizontal and vertical manner throughout the shipping industry will be reinforced with technologically adept tools, containing know-how and experience. Working on a technologically oriented path, the Company is ideologically flexible and open to other avenues of international business for the successful and profitable diversification of its portfolio.</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">On December 13, 2019, pursuant to the approval of a majority of the voting interests for Thenablers, Inc., the Company filed a Certificate of Amendment with the Secretary of State for Nevada to change its name from “Thenablers, Inc.” to “Elvictor Group, Inc.”, to better reflect new business interests and to further apply for a corporate action with FINRA to have the name change approved and to change the symbol of the Company to “ELVG”.</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">Pursuant to the approval of that application to FINRA, and on February 27, 2020, the name of the Company was changed to Elvictor Group, Inc. on the OTC Markets, and the symbol for trading was changed to “ELVG”.</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">As of July 10, 2020, the Company founded a subsidiary in Vari, Greece to assist the management in facilitating the operations of the Company. Additionally, the Company has purchased Ultra Ship Management, a Company incorporated in the Marshall Islands that is licensed to provide ship management services, who in turn established a subsidiary in Vari, Greece.</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">On January 2022, the Company established the fully owned subsidiary ELVG Crew Management Ltd, incorporated in Cyprus, to facilitate its crew management operations.</span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<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 style="text-decoration:underline">Use of Estimates</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 preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses and disclosure of contingent assets and liabilities at the date the consolidated financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P3Y
CY2022 elvg Intangible Assets
IntangibleAssets
P5Y
CY2022 us-gaap Accounts Receivable Sale
AccountsReceivableSale
330864 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
7194 usd
CY2022Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
369800 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
210000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
168000 usd
CY2021Q4 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
7000000 shares
CY2021Q4 us-gaap Common Unit Issuance Value
CommonUnitIssuanceValue
210000 usd
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.03
CY2022Q1 elvg Equity Par Or Stated Value Per Share
EquityParOrStatedValuePerShare
0.03
CY2022 us-gaap Servicing Asset At Amortized Value Period Increase Decrease
ServicingAssetAtAmortizedValuePeriodIncreaseDecrease
210000 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
42000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
42000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
42000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
42000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
168000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
20000 usd
CY2022Q4 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
369800 usd
CY2022 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
42829 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
153005 usd
CY2022 us-gaap Cost Of Goods Sold Sales Type Lease
CostOfGoodsSoldSalesTypeLease
13575 usd
CY2022Q1 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
7000000 shares
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
210000 usd
CY2020Q3 elvg Lease Agreement Payment Description
LeaseAgreementPaymentDescription
On July 10, 2020, the Company entered into a rental lease agreement with the wife of Mr. Stavros Galanakis for its subsidiary in Vari, Greece. The term of the lease is from July 10, 2020, to December 31, 2021, with a fixed monthly rental payment of 5,000€. Then on April 1, 2021, the rental lease agreement was modified with the new term beginning as of April 1, 2021, and ending on December 31, 2022, with a fixed monthly rental payment of 3,500€. 
CY2021Q4 elvg Term Of Lease Description
TermOfLeaseDescription
The term of the lease is from October 1, 2021, to December 31, 2024, with a fixed monthly rental of 1,000€.
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
12000 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
9000 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
21000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1653 usd
CY2022Q4 elvg Operating Lease Liabilities
OperatingLeaseLiabilities
21653 usd
CY2022Q4 us-gaap Lease Incentive Receivable Current
LeaseIncentiveReceivableCurrent
9391 usd
CY2022Q4 us-gaap Lease Incentive Receivable Noncurrent
LeaseIncentiveReceivableNoncurrent
12262 usd
CY2022Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
182949 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
89219 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Shares Issued
SharesIssued
414448757 shares
CY2022Q4 us-gaap Shares Outstanding
SharesOutstanding
414448757 shares
CY2021Q4 us-gaap Shares Issued
SharesIssued
26384673 shares
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
26384673 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
900000 shares
CY2022Q1 elvg Shares Issued For Services
SharesIssuedForServices
38700 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
670000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
190664 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
140504 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
190664 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
140504 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
190664 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
140504 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
30995 usd
CY2022 elvg Foreign Prior Year
ForeignPriorYear
10217 usd
CY2021 elvg Foreign Prior Year
ForeignPriorYear
3142 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
41212 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3142 usd
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
41212 usd
CY2021 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
3142 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
usd
CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Government Grants
IncomeTaxExpenseBenefitContinuingOperationsGovernmentGrants
usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
usd
CY2021 elvg Shares Issued For Services
SharesIssuedForServices
usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2022 elvg Common Stock Issued To Reduce Convertible Notes Payable
CommonStockIssuedToReduceConvertibleNotesPayable
usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001741489

Files In Submission

Name View Source Status
elvg-20221231_cal.xml Edgar Link unprocessable
f10k2022_elvictorgroup_htm.xml Edgar Link completed
0001213900-23-025269-index-headers.html Edgar Link pending
0001213900-23-025269-index.html Edgar Link pending
0001213900-23-025269.txt Edgar Link pending
0001213900-23-025269-xbrl.zip Edgar Link pending
elvg-20221231.xsd Edgar Link pending
f10k2022ex21-1_elvictorgroup.htm Edgar Link pending
f10k2022ex31-1_elvictorgroup.htm Edgar Link pending
f10k2022ex32-1_elvictorgroup.htm Edgar Link pending
f10k2022_elvictorgroup.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
elvg-20221231_def.xml Edgar Link unprocessable
elvg-20221231_lab.xml Edgar Link unprocessable
elvg-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending