2023 Q4 Form 10-Q Financial Statement
#000121390023086835 Filed on November 14, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $576.3K | $551.8K | $597.7K |
YoY Change | -3.58% | -16.72% | -1.22% |
Cost Of Revenue | $121.8K | $116.8K | $121.0K |
YoY Change | 0.63% | 8.7% | -43.62% |
Gross Profit | $454.5K | $435.1K | $476.7K |
YoY Change | -4.65% | -18.74% | 22.08% |
Gross Profit Margin | 78.87% | 78.84% | 79.76% |
Selling, General & Admin | $532.9K | $475.1K | $710.2K |
YoY Change | -24.97% | -18.42% | 54.03% |
% of Gross Profit | 117.25% | 109.2% | 149.0% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $13.73K | $13.49K | $29.11K |
YoY Change | -52.83% | 99.56% | 2646.23% |
% of Gross Profit | 3.02% | 3.1% | 6.11% |
Operating Expenses | $546.6K | $488.6K | $739.3K |
YoY Change | -26.06% | -17.06% | 60.34% |
Operating Profit | -$92.13K | -$53.54K | -$262.7K |
YoY Change | -64.93% | -0.3% | 271.74% |
Interest Expense | -$1.880K | $1.280K | $2.390K |
YoY Change | -178.66% | -58.84% | |
% of Operating Profit | |||
Other Income/Expense, Net | $90.13K | $1.281K | $96.34K |
YoY Change | -6.45% | -84.05% | 695.54% |
Pretax Income | -$3.880K | -$52.26K | -$163.9K |
YoY Change | -97.63% | 14.42% | 180.05% |
Income Tax | $29.62K | $2.285K | $31.00K |
% Of Pretax Income | |||
Net Earnings | -$33.50K | -$54.55K | -$194.9K |
YoY Change | -82.81% | 0.5% | 232.99% |
Net Earnings / Revenue | -5.81% | -9.88% | -32.62% |
Basic Earnings Per Share | $0.00 | ||
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 414.4M shares | 414.4M shares | 414.4M shares |
Diluted Shares Outstanding | 414.4M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $699.4K | $152.0K | $504.0K |
YoY Change | 38.77% | -61.63% | 63.35% |
Cash & Equivalents | $699.3K | $152.0K | $504.0K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $369.9K | $398.2K | $330.9K |
Other Receivables | $595.3K | $575.9K | $435.6K |
Total Short-Term Assets | $1.664M | $1.126M | $1.270M |
YoY Change | 31.01% | -10.57% | 24.53% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $293.1K | $16.20K | $19.21K |
YoY Change | 1425.58% | -12.2% | 80.91% |
Goodwill | |||
YoY Change | |||
Intangibles | $130.3K | $139.5K | $168.0K |
YoY Change | -22.46% | -51.22% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $423.4K | $433.6K | $208.9K |
YoY Change | 102.69% | 27.55% | 522.14% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.664M | $1.126M | $1.270M |
Total Long-Term Assets | $423.4K | $433.6K | $208.9K |
Total Assets | $2.088M | $1.560M | $1.479M |
YoY Change | 41.13% | -2.47% | 40.38% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $379.3K | $31.56K | $34.34K |
YoY Change | 1004.53% | 9.48% | -56.16% |
Accrued Expenses | $42.79K | $243.3K | $12.26K |
YoY Change | 249.02% | 803.11% | -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 | $1.622M | $1.062M | $1.017M |
YoY Change | 59.44% | 24.65% | 72.99% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $235.9K | $234.2K | $9.390K |
YoY Change | 2412.57% | 2632.91% | -59.08% |
Total Long-Term Liabilities | $235.9K | $234.2K | $9.391K |
YoY Change | 2412.3% | 2634.47% | -59.09% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.622M | $1.062M | $1.017M |
Total Long-Term Liabilities | $235.9K | $234.2K | $9.391K |
Total Liabilities | $1.858M | $1.296M | $1.027M |
YoY Change | 80.96% | 50.63% | 68.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$44.86M | -$44.83M | -$44.64M |
YoY Change | 0.5% | 0.86% | 0.54% |
Common Stock | $45.09M | $45.09M | $41.45K |
YoY Change | 108700.41% | 108700.41% | 1.94% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $229.9K | $263.4K | $452.6K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.088M | $1.560M | $1.479M |
YoY Change | 41.13% | -2.47% | 40.38% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$33.50K | -$54.55K | -$194.9K |
YoY Change | -82.81% | 0.5% | 232.99% |
Depreciation, Depletion And Amortization | $13.73K | $13.49K | $29.11K |
YoY Change | -52.83% | 99.56% | 2646.23% |
Cash From Operating Activities | $550.0K | -$19.97K | $110.8K |
YoY Change | 396.52% | -77.11% | -141.48% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.660K | $0.00 | $2.880K |
YoY Change | -7.64% | -100.0% | -352.63% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$2.660K | $0.00 | -$2.880K |
YoY Change | -7.64% | -100.0% | 152.63% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
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 | 550.0K | -19.97K | 110.8K |
Cash From Investing Activities | -2.660K | 0.000 | -2.880K |
Cash From Financing Activities | 0.000 | 0.000 | |
Net Change In Cash | 547.3K | -19.97K | 107.9K |
YoY Change | 407.31% | -65.98% | -146.91% |
FREE CASH FLOW | |||
Cash From Operating Activities | $550.0K | -$19.97K | $110.8K |
Capital Expenditures | $2.660K | $0.00 | $2.880K |
Free Cash Flow | $547.3K | -$19.97K | $107.9K |
YoY Change | 407.31% | -76.11% | -140.58% |
Facts In Submission
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---|---|---|---|---|
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
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0.00 | ||
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usd | ||
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dei |
Document Quarterly Report
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true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
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Document Fiscal Year Focus
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2023 | ||
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Document Transition Report
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333-225239 | ||
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10-Q | ||
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ELVICTOR GROUP, INC. | ||
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NV | ||
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82-3296328 | ||
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Vassileos Constantinou 79 | ||
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Vari | ||
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Attiki | ||
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16672 | ||
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(877) | ||
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Yes | ||
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Common Stock | ||
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|
-61722 | usd | |
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
1281 | usd |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
3106 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-4250 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
6709 | usd | |
CY2022Q3 | us-gaap |
Other Income
OtherIncome
|
4925 | usd |
us-gaap |
Other Income
OtherIncome
|
21302 | usd | |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1281 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
8031 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-4250 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
28011 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-52262 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-45675 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-186938 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-33711 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2285 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8598 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2285 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10217 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-54547 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-54273 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-189223 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-43928 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
414448757 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
414448757 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
414448757 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
413927878 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-189223 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-43928 | usd | |
us-gaap |
Depreciation
Depreciation
|
7524 | usd | |
us-gaap |
Depreciation
Depreciation
|
4197 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
32154 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
15009 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
22709 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
38700 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
67301 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-9894 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
13288 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-41253 | usd | |
us-gaap |
Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
|
42562 | usd | |
us-gaap |
Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
|
203927 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
84455 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
59004 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2773 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-49490 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-138490 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
72860 | usd | |
elvg |
Increase Decrease In Trade Accounts Payable Related Parties
IncreaseDecreaseInTradeAccountsPayableRelatedParties
|
92919 | usd | |
elvg |
Increase Decrease In Trade Accounts Payable Related Parties
IncreaseDecreaseInTradeAccountsPayableRelatedParties
|
-13791 | usd | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-86150 | usd | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
266252 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
174539 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
41135 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-22709 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-26715 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-19562 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-343821 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
99598 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4510 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12025 | usd | |
us-gaap |
Payments For Software
PaymentsForSoftware
|
3652 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8162 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12025 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-351983 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
87573 | 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 |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
151998 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
396099 | usd |
us-gaap |
Stock Issued1
StockIssued1
|
301000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
291467 | usd | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
452591 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8410 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
444181 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-126266 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
317915 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-54547 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
263368 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
442749 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
38700 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
301000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-465 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
781984 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10810 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
792794 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-54273 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
738521 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – DESCRIPTION OF BUSINESS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 Company’s brand and a new crew management team 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, referred to herein as “Elvictor Greece”) that has been active across various value-adding shipping sector activities, such as ship management, technical management, crewing & crew management. The Company’s 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 to facilitate 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 Company’s strategic growth 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 flexible and open to other avenues of international business for the successful and profitable diversification of its portfolio.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 13, 2019, the Company filed a Certificate of Amendment with the Nevada Secretary of State to change its name from “Thenablers, Inc.” to “Elvictor Group, Inc.” (the “Name Change”), to better reflect its new business interests. On February 25, 2020, FINRA approved the Name Change and the Company’s new stock symbol “ELVG”.</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; margin: 0pt 0; text-align: justify">As of July 10, 2020, the Company founded Elvictor Group Hellas Single Member S.A., a subsidiary in Vari, Greece, to assist the Company’s management in facilitating its operations. Additionally, the Company purchased Ultra Ship Management, a Marshall Islands company that is licensed to provide ship management services, and which established their own subsidiary in Vari, Greece.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">In January 2022, the Company established its fully owned subsidiary, ELVG Crew Management Ltd, incorporated in Cyprus, to facilitate its crew management operations.</p> | ||
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P5Y | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span style="text-decoration:underline">Use of Estimates</span></b></p><p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">The preparation of unaudited condensed 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 unaudited condensed consolidated financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | ||
CY2023Q3 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P3Y | |
CY2023Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
398164 | usd |
CY2023Q3 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
20481 | usd |
CY2023Q3 | us-gaap |
Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
|
74154 | usd |
CY2022Q4 | us-gaap |
Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
|
42000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
139498 | 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 | |
us-gaap |
Servicing Asset At Amortized Value Period Increase Decrease
ServicingAssetAtAmortizedValuePeriodIncreaseDecrease
|
210000 | usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P5Y | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
10885 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
43302 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
43182 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
43129 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
139498 | usd |
us-gaap |
Amortization Of Rate Deferral
AmortizationOfRateDeferral
|
74154 | usd | |
CY2022 | us-gaap |
Amortization Of Rate Deferral
AmortizationOfRateDeferral
|
42000 | usd |
CY2023Q3 | us-gaap |
Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
|
38328 | usd |
us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
-141552 | usd | |
us-gaap |
Payments For Rent
PaymentsForRent
|
5000 | eur | |
us-gaap |
Payments For Rent
PaymentsForRent
|
3500 | eur | |
us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
0.0492 | pure | |
CY2023Q3 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
291467 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
14292 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
53992 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
44464 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
44464 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
44464 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
133392 | usd |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
335068 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
57176 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
277891 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
43684 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
234207 | usd |
us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
43897 | usd | |
us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
43152 | usd | |
CY2023Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
399524 | usd |
CY2022Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
485675 | usd |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
usd | ||
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
414448757 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
414448757 | shares |
CY2020Q3 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
3000000 | usd |
CY2020Q3 | us-gaap |
Investment Company Debt Instrument Amount Repaid To Principal Excess Less
InvestmentCompanyDebtInstrumentAmountRepaidToPrincipalExcessLess
|
10000000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
7000000 | shares |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
210000 | usd |
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 |
us-gaap |
Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
|
5000 | eur | |
us-gaap |
Lease Cost
LeaseCost
|
3500 | eur | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Lease Not Yet Commenced Renewal Term1
LesseeOperatingLeaseLeaseNotYetCommencedRenewalTerm1
|
P8Y | |
CY2023Q3 | us-gaap |
Rental Properties
RentalProperties
|
1000 | eur |
CY2023Q3 | elvg |
Professional Fees Related Party
ProfessionalFeesRelatedParty
|
usd | |
elvg |
Professional Fees Related Party
ProfessionalFeesRelatedParty
|
usd | ||
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | ||
CY2023Q3 | us-gaap |
Other Income
OtherIncome
|
usd | |
us-gaap |
Other Income
OtherIncome
|
usd | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
414448757 | shares | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001741489 |