2023 Q1 Form 10-Q Financial Statement
#000147793223001414 Filed on March 10, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | $0.00 | ||
YoY Change | -100.0% | ||
Gross Profit | $0.00 | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.357K | $236.00 | |
YoY Change | -27.83% | -79.39% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $28.55K | $793.00 | |
YoY Change | -56.09% | -78.68% | |
Operating Profit | -$28.55K | -$793.00 | |
YoY Change | -56.09% | -78.68% | |
Interest Expense | $2.946K | $101.00 | |
YoY Change | -50.94% | -97.45% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$31.49K | ||
YoY Change | |||
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$31.49K | -$311.7M | |
YoY Change | -99.99% | 4061125.24% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 9.309M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q1 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.390K | ||
YoY Change | |||
Cash & Equivalents | $7.386K | $1.920K | $2.132K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $7.386K | $1.920K | $2.132K |
YoY Change | 1410.43% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $7.386K | $1.920K | $2.132K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $7.386K | $1.920K | $2.132K |
YoY Change | 1410.43% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $58.69K | $45.69K | $7.861K |
YoY Change | -14.85% | ||
Accrued Expenses | $242.2K | $244.3K | $246.2K |
YoY Change | -1.12% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $35.86K | ||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $337.7K | $315.3K | $255.0K |
YoY Change | -0.03% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $88.85K | ||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $88.85K | $96.93K | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $337.7K | $315.3K | $255.0K |
Total Long-Term Liabilities | $88.85K | $96.93K | |
Total Liabilities | $426.6K | $408.7K | $351.9K |
YoY Change | -1.4% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$9.815M | -$9.772M | -$9.716M |
YoY Change | -96.95% | ||
Common Stock | $4.931K | $931.00 | $108.00 |
YoY Change | -85.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$419.2K | -$406.8K | -$349.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.386K | $1.920K | $2.132K |
YoY Change | 1410.43% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$31.49K | -$311.7M | |
YoY Change | -99.99% | 4061125.24% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$17.39K | ||
YoY Change | -99.99% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 24.63K | ||
YoY Change | -99.99% | ||
NET CHANGE | |||
Cash From Operating Activities | -17.39K | ||
Cash From Investing Activities | |||
Cash From Financing Activities | 24.63K | ||
Net Change In Cash | 7.240K | ||
YoY Change | -540.66% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$17.39K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. </p> | ||
CY2022Q2 | us-gaap |
Cash
Cash
|
1920 | usd |
CY2021Q3 | us-gaap |
Cash
Cash
|
2132 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd | |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-9772138 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-56006 | usd | |
CY2017Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
50000 | usd |
CY2017Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.15 | pure |
us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
750 | usd | |
CY2022Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
93404 | usd |
CY2021Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
96933 | usd |
CY2022Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
751 | usd |
CY2021Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
922 | usd |
CY2022Q2 | fhld |
Note Payable And Accrued Interest
NotePayableAndAccruedInterest
|
94155 | usd |
CY2021Q3 | fhld |
Note Payable And Accrued Interest
NotePayableAndAccruedInterest
|
97855 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
244325 | usd |
CY2021Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
246208 | usd |
CY2021Q4 | fhld |
Preferred Stock Description
PreferredStockDescription
|
On December 30, 2021, the Company converted all of the 710,676 shares of issued and outstanding preferred stock consisting of Series A, B,C and D preferred stock, into 15,920,945 shares of common stock | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
710496 | shares |
CY2021Q4 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
1 | pure |
CY2021Q4 | fhld |
Share Exchange For Common Stock
ShareExchangeForCommonStock
|
311672730 | shares |
CY2021Q4 | fhld |
Share Exchange For Common Stock Per Share
ShareExchangeForCommonStockPerShare
|
1.00 | |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9308825 | shares |
CY2021Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1079116 | shares |