2019 Q4 Form 10-Q Financial Statement
#000168316819003607 Filed on November 14, 2019
Income Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q4 |
---|---|---|---|
Revenue | $465.1K | $439.3K | $60.70K |
YoY Change | 666.28% | 215.8% | 21.4% |
Cost Of Revenue | $589.7K | $559.5K | $28.88K |
YoY Change | 1941.86% | 587.91% | -71.12% |
Gross Profit | -$124.6K | -$120.2K | $31.82K |
YoY Change | -491.45% | -308.04% | -163.64% |
Gross Profit Margin | -26.78% | -27.36% | 52.42% |
Selling, General & Admin | $805.9K | $335.1K | $360.8K |
YoY Change | 123.35% | 115.23% | 200.68% |
% of Gross Profit | 1133.94% | ||
Research & Development | $62.23K | $66.29K | $54.79K |
YoY Change | 13.58% | 12.49% | 82.63% |
% of Gross Profit | 172.19% | ||
Depreciation & Amortization | $32.07K | $56.98K | $26.35K |
YoY Change | 21.71% | 3374.39% | |
% of Gross Profit | 82.81% | ||
Operating Expenses | $868.1K | $839.3K | $415.6K |
YoY Change | 108.88% | 108.98% | 177.07% |
Operating Profit | -$992.7K | -$959.5K | -$383.8K |
YoY Change | 158.65% | 179.05% | 91.9% |
Interest Expense | -$330.00 | -$250.00 | $760.00 |
YoY Change | -143.42% | -99.94% | -101.09% |
% of Operating Profit | |||
Other Income/Expense, Net | $144.0K | $9.395K | $0.00 |
YoY Change | 613.36% | -100.0% | |
Pretax Income | -$1.356M | -$950.1K | -$383.0K |
YoY Change | 253.89% | 177.38% | 41.87% |
Income Tax | $0.00 | $0.00 | -$20.00 |
% Of Pretax Income | |||
Net Earnings | -$1.356M | -$950.1K | -$383.0K |
YoY Change | 253.91% | 177.38% | 41.86% |
Net Earnings / Revenue | -291.43% | -216.28% | -631.0% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$33.09K | -$23.20K | -$9.353K |
COMMON SHARES | |||
Basic Shares Outstanding | 40.96M shares | 40.96M shares | 40.91M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q4 | 2019 Q3 | 2018 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.193M | $2.760M | $4.456M |
YoY Change | -50.79% | -40.54% | 1042.5% |
Cash & Equivalents | $2.193M | $2.760M | $4.456M |
Short-Term Investments | |||
Other Short-Term Assets | $46.97K | $49.40K | $115.8K |
YoY Change | -59.45% | -53.16% | 1058.3% |
Inventory | $62.93K | $82.68K | $69.79K |
Prepaid Expenses | $46.97K | $49.40K | $115.8K |
Receivables | $137.3K | $185.4K | $10.91K |
Other Receivables | $0.00 | $3.630K | $0.00 |
Total Short-Term Assets | $2.440M | $3.081M | $4.692M |
YoY Change | -47.99% | -37.13% | 883.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.653M | $4.697M | $4.578M |
YoY Change | 1.64% | 3.7% | 72155.92% |
Goodwill | $307.6K | $0.00 | |
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $6.630K | $6.630K | $7.870K |
YoY Change | -15.76% | -56.86% | |
Total Long-Term Assets | $4.788M | $5.171M | $4.586M |
YoY Change | 4.41% | 13.77% | 33755.06% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.440M | $3.081M | $4.692M |
Total Long-Term Assets | $4.788M | $5.171M | $4.586M |
Total Assets | $7.229M | $8.252M | $9.278M |
YoY Change | -22.09% | -12.64% | 1791.4% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $192.5K | $0.00 | $4.920K |
YoY Change | 3812.4% | -98.91% | |
Accrued Expenses | $46.02K | $42.20K | $0.00 |
YoY Change | |||
Deferred Revenue | $127.7K | $36.18K | |
YoY Change | 252.84% | ||
Short-Term Debt | $50.00K | $50.00K | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $433.0K | $349.1K | $212.0K |
YoY Change | 104.27% | 51.81% | -56.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $12.34K | $106.6K | $0.00 |
YoY Change | |||
Total Long-Term Liabilities | $107.0K | $106.6K | $0.00 |
YoY Change | -100.0% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $433.0K | $349.1K | $212.0K |
Total Long-Term Liabilities | $107.0K | $106.6K | $0.00 |
Total Liabilities | $540.0K | $466.0K | $212.0K |
YoY Change | 154.75% | 102.64% | -62.36% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$7.179M | -$6.671M | -$4.003M |
YoY Change | 79.32% | 84.27% | 102.32% |
Common Stock | $40.96K | $40.96K | $40.91K |
YoY Change | 0.13% | 0.13% | 18.31% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.689M | $7.684M | $9.066M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.229M | $8.252M | $9.278M |
YoY Change | -22.09% | -12.64% | 1791.4% |
Cashflow Statement
Concept | 2019 Q4 | 2019 Q3 | 2018 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.356M | -$950.1K | -$383.0K |
YoY Change | 253.91% | 177.38% | 41.86% |
Depreciation, Depletion And Amortization | $32.07K | $56.98K | $26.35K |
YoY Change | 21.71% | 3374.39% | |
Cash From Operating Activities | -$571.2K | -$675.6K | -$272.1K |
YoY Change | 109.93% | 10.83% | 43.22% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $4.200K | -$3.500K | -$74.85K |
YoY Change | -105.61% | -99.92% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $4.200K | -$3.500K | -$74.85K |
YoY Change | -105.61% | -99.92% | |
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 | 14.26K | 161.3K |
YoY Change | -100.0% | -99.76% | |
NET CHANGE | |||
Cash From Operating Activities | -571.2K | -675.6K | -272.1K |
Cash From Investing Activities | 4.200K | -3.500K | -74.85K |
Cash From Financing Activities | 0.000 | 14.26K | 161.3K |
Net Change In Cash | -567.0K | -664.9K | -185.7K |
YoY Change | 205.35% | -172.5% | -2.26% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$571.2K | -$675.6K | -$272.1K |
Capital Expenditures | $4.200K | -$3.500K | -$74.85K |
Free Cash Flow | -$575.4K | -$672.1K | -$197.3K |
YoY Change | 191.72% | -117.17% | 3.82% |
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|
8252012 | usd |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9277911 | usd |
CY2019Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40959741 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40907010 | shares |
CY2019Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40959741 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40907010 | shares |
us-gaap |
Selling Expense
SellingExpense
|
183570 | usd | |
us-gaap |
Selling Expense
SellingExpense
|
0 | usd | |
CY2019Q3 | us-gaap |
Selling Expense
SellingExpense
|
93904 | usd |
CY2018Q3 | us-gaap |
Selling Expense
SellingExpense
|
0 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
1836289 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
720910 | usd | |
CY2019Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1264150 | usd |
CY2018Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
157013 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
48000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
457377 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
290716 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
11276 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-441703 | usd | |
CY2019Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
8228 | usd |
CY2018Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1317 | usd |
CY2019Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
64966 | usd |
CY2018Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
40974 | usd |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
550000 | usd | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
0 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
0 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
40000 | usd | |
CY2018Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
40000 | usd |
us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
660075 | usd | |
CY2019Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
53673 | usd |
CY2018Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
0 | usd |
CY2019Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
0 | usd |
CY2018Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
7210 | usd |
us-gaap |
Other Income
OtherIncome
|
10440 | usd | |
us-gaap |
Other Income
OtherIncome
|
0 | usd | |
CY2019Q3 | us-gaap |
Other Income
OtherIncome
|
8460 | usd |
CY2018Q3 | us-gaap |
Other Income
OtherIncome
|
0 | usd |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
548949 | usd | |
FCUV |
Subscription Receivable Value
SubscriptionReceivableValue
|
0 | usd | |
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity File Number
EntityFileNumber
|
000-55247 | ||
CY2019Q3 | us-gaap |
Convertible Debt
ConvertibleDebt
|
0 | usd |
CY2018Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
0 | usd |
CY2019Q3 | us-gaap |
Deposits Assets
DepositsAssets
|
7210 | usd |
CY2019Q3 | us-gaap |
Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
|
24442 | usd |
CY2019Q3 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
196554 | usd |
CY2019Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
183407 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
30632 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
62183 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
64048 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
43655 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
200518 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
17111 | usd |
CY2019Q3 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.055 | pure |
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2019Q3 | us-gaap |
Cash
Cash
|
2759909 | usd |
CY2018Q4 | us-gaap |
Cash
Cash
|
4455751 | usd |
CY2017Q4 | us-gaap |
Cash
Cash
|
394398 | usd |
CY2018Q3 | us-gaap |
Cash
Cash
|
4641457 | usd |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40945807 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
36720480 | shares | |
CY2019Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40959741 | shares |
CY2018Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40855049 | shares |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.07 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | ||
CY2019Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
1037400 | usd | |
CY2019Q3 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
1037400 | usd |
FCUV |
Common Stock Issued For Cash Value
CommonStockIssuedForCashValue
|
9883617 | usd | |
CY2018Q3 | FCUV |
Common Stock Issued For Cash Value
CommonStockIssuedForCashValue
|
6078105 | usd |
CY2019Q3 | FCUV |
Accrual For Service Rendered To Be Issued Common Stock
AccrualForServiceRenderedToBeIssuedCommonStock
|
11964 | shares |
FCUV |
Shares Issued From Subscription Receivable
SharesIssuedFromSubscriptionReceivable
|
0 | usd | |
FCUV |
Shares Issued From Subscription Receivable
SharesIssuedFromSubscriptionReceivable
|
6078104 | usd | |
us-gaap |
Depreciation
Depreciation
|
112107 | usd | |
us-gaap |
Depreciation
Depreciation
|
1635 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
26813 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
0 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
0 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
336713 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
59964 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
469377 | usd | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1037400 | usd | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
0 | usd | |
us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
0 | usd | |
us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
39088 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-262099 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
52772 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-39625 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
18636 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1609 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
47083 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
3625 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-68914 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
97186 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-7210 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
8162 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-22860 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-106387 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-4921 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
0 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-7210 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
18000 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-5348 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-31734 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
0 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-800 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1099422 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1139589 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
220793 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4524944 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-770793 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4524944 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
201482 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | usd | |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
27109 | usd | |
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
0 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
0 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
548949 | usd | |
FCUV |
Shares Issued For Convertible Notes Value
SharesIssuedForConvertibleNotesValue
|
0 | usd | |
FCUV |
Shares Issued For Convertible Notes Value
SharesIssuedForConvertibleNotesValue
|
576949 | usd | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | usd | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
3805488 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
174373 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9911592 | usd | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-1695842 | usd | |
us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
4247059 | usd | |
FCUV |
Shares Issued To Reduce Notes Payable
SharesIssuedToReduceNotesPayable
|
0 | usd | |
FCUV |
Shares Issued To Reduce Notes Payable
SharesIssuedToReduceNotesPayable
|
313686 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Notes Issued1
NotesIssued1
|
50000 | usd | |
us-gaap |
Notes Issued1
NotesIssued1
|
0 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
290716 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
0 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<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"><i><u>Use of Estimates</u></i></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">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates in the accompanying financial statements include useful lives of property and equipment, useful lives of intangible assets, valuation of beneficial conversion feature, debt discounts, valuation of derivatives, and the valuation allowance on deferred tax assets.</p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<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"><i><u>Concentrations of Credit Risk</u></i></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">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company limits its exposure to credit loss by investing its cash with high credit quality financial institutions.</p> | ||
FCUV |
Schedule Of Property And Equipment Useful Lives
ScheduleOfPropertyAndEquipmentUsefulLives
|
<table cellspacing="0" cellpadding="0" align="center" style="width: 45%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 30%; border-bottom: Black 1pt solid; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Fixed assets</font></td> <td style="width: 15%; border-bottom: Black 1pt solid; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Useful life</font></td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Furniture</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Equipment</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Warehouse</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">39 years</font></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Improvement</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top; background-color: rgb(238,238,238)"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Construction in progress</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Land</font></td> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td></tr> </table> |