2023 Q2 Form 10-K Financial Statement

#000109690623000882 Filed on April 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $4.134K $2.640K $10.26K
YoY Change 56.06% 1220.0% -16.17%
Cost Of Revenue $2.066K $1.320K $3.806K
YoY Change -83.5% -52.43%
Gross Profit $2.068K $1.320K $6.455K
YoY Change -21.93% -116.92% 52.24%
Gross Profit Margin 50.02% 50.0% 62.91%
Selling, General & Admin $142.7K $141.1K $785.7K
YoY Change -42.78% -58.47% -19.29%
% of Gross Profit 6899.9% 10690.15% 12172.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $94.00
YoY Change -100.0% -92.03%
% of Gross Profit 0.0% 0.0% 1.46%
Operating Expenses $142.7K $141.1K $786.1K
YoY Change -42.78% -58.5% -19.35%
Operating Profit -$140.6K -$139.8K -$779.6K
YoY Change -43.01% -59.81% -19.66%
Interest Expense $12.45K $212.6K $53.15K
YoY Change 33.38% -2331.06% -227.27%
% of Operating Profit
Other Income/Expense, Net -$12.45K $0.00 $336.9K
YoY Change 33.38% 1405.14%
Pretax Income -$153.1K $72.58K -$442.8K
YoY Change -40.22% -120.31% -54.61%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$153.1K $72.58K -$442.8K
YoY Change -40.22% -120.31% -54.61%
Net Earnings / Revenue -3702.88% 2749.24% -4315.19%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.00 -$0.03
COMMON SHARES
Basic Shares Outstanding 17.08M shares 17.05M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.810K $62.06K $62.06K
YoY Change 1541.8% 1541.8%
Cash & Equivalents $7.814K $62.06K $62.06K
Short-Term Investments
Other Short-Term Assets $3.990K $3.810K $3.810K
YoY Change 4.72% 1.6% 1.6%
Inventory
Prepaid Expenses $3.990K $3.810K
Receivables $5.203K $0.00
Other Receivables $0.00
Total Short-Term Assets $17.01K $65.87K $65.87K
YoY Change 346.38% 774.81% 774.77%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00
YoY Change -100.0% -100.0%
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 -100.0% -100.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $17.01K $65.87K $65.87K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $17.01K $65.87K $65.87K
YoY Change 318.89% 736.59% 736.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.51K $11.18K $11.18K
YoY Change 28.89% 17.69% 17.68%
Accrued Expenses $180.1K $156.1K $1.499M
YoY Change 31.38% 54.82% 16.05%
Deferred Revenue
YoY Change
Short-Term Debt $95.00K $95.00K $95.00K
YoY Change -25.58% -20.85% -20.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.784M $1.650M $1.650M
YoY Change 1.03% 4.48% 4.48%
LONG-TERM LIABILITIES
Long-Term Debt $25.00K $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $25.00K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.784M $1.650M $1.650M
Total Long-Term Liabilities $25.00K $0.00 $0.00
Total Liabilities $1.809M $1.650M $1.650M
YoY Change 2.45% 4.48% 4.48%
SHAREHOLDERS EQUITY
Retained Earnings -$6.069M -$5.745M
YoY Change 4.78% 8.35%
Common Stock $1.708K $1.708K
YoY Change 7.02% 8.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.792M -$1.584M -$1.584M
YoY Change
Total Liabilities & Shareholders Equity $17.01K $65.87K $65.87K
YoY Change 318.89% 736.59% 736.98%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$153.1K $72.58K -$442.8K
YoY Change -40.22% -120.31% -54.61%
Depreciation, Depletion And Amortization $0.00 $0.00 $94.00
YoY Change -100.0% -92.03%
Cash From Operating Activities -$21.82K -$10.15K -$252.8K
YoY Change -4.05% -81.94% 20.25%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $225.0K $390.0K
YoY Change
Cash From Investing Activities $0.00 $225.0K $390.0K
YoY Change -90100.0% -156100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $59.42K
YoY Change -53.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.96K -268.9K -$78.92K
YoY Change -4.34% -1864.44% -137.52%
NET CHANGE
Cash From Operating Activities -21.82K -10.15K -$252.8K
Cash From Investing Activities 0.000 225.0K $390.0K
Cash From Financing Activities 20.96K -268.9K -$78.92K
Net Change In Cash -860.0 -54.05K $58.28K
YoY Change 3.61% 31.16% -48669.17%
FREE CASH FLOW
Cash From Operating Activities -$21.82K -$10.15K -$252.8K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$10.15K -$252.8K
YoY Change -81.86% 20.39%

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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022 us-gaap Interest Paid
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CY2021 us-gaap Interest Paid
InterestPaid
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2022 fil Common Stock Issued For Extinguishment Of Debt
CommonStockIssuedForExtinguishmentOfDebt
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CY2021 fil Common Stock Issued For Extinguishment Of Debt
CommonStockIssuedForExtinguishmentOfDebt
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CY2022 fil Common Stock Issued For Anti Dilution Protection1
CommonStockIssuedForAntiDilutionProtection1
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CY2021 fil Common Stock Issued For Anti Dilution Protection1
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CY2022 us-gaap Nature Of Operations
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<p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;margin-right:-1.8pt;text-align:justify"><b>NOTE 1 – ORGANIZATION AND OPERATIONS</b></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;text-indent:36pt;text-align:justify"><b><i>Organization</i></b></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">The Company was incorporated in June 2013 as Somerset Transition Corporation under the Oklahoma General Corporation Act. In September 2013, the Company was redomesticated in Maryland and changed its name to Somerset Property, Inc. In July 2017, the Company was redomesticated in Nevada and changed its name to Revival, Inc. In June 2019, the Company changed its name to Farmhouse, Inc. to reflect its new business endeavors. </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">In August 2019, the Company acquired Farmhouse, Inc., a Washington corporation (“Farmhouse Washington”) as its wholly owned subsidiary (the “Acquisition”). Farmhouse Washington was formed in January 2014 and has developed a social network platform, “The WeedClub® Platform”. At the closing of the Acquisition, all of the issued and outstanding shares of common stock of Farmhouse Washington were exchanged for shares of common stock of the Company on a one-for-one basis. The financial statements of the Company are the continuation of Farmhouse Washington with the adjustment to reflect the capital structure of the Company. </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">Prior to the Acquisition, in August 2017, Farmhouse Washington formed Farmhouse DTLA, Inc. (“DTLA”) in California as a wholly owned subsidiary. On April 8, 2022, DTLA was awarded a 49% equity interest in a Los Angeles based multi- licensed cannabis retail dispensary, grow, manufacturer and distributor called Los Angeles Farmers, Inc. (“LAFI”). Although ownership percentages over 20% would typically be accounted for using the equity method, the Company is accounting for this investment as an investment in equity securities due to the Company not having significant influence over LAFI. The cost of this investment was expensed during the fiscal year ended December 31, 2017 and, due to uncertainties surrounding the value of LAFI and determining any award of back profits and interest, as well as the pending litigation, no value has been reflected in our consolidated financial statements as of December 31, 2022. See Note 9.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;text-indent:36pt;text-align:justify"><b><i>Current Operations</i></b></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">The Company is a technology company with multiple cannabis related divisions and IP, including the WeedClub® Platform, the @420 Twitter handle and a Web3 division. The WeedClub® Platform is a cannabis social network platform that enables industry professionals to connect, discover products and services and scale their businesses. Within the WeedClub® Platform, members utilize an increasing set of technology-based tools for discovering professional connections and information. The Company’s @420 Twitter handle serves as a public platform to engage with cannabis enthusiasts. The Company’s Web3 division, launched in December 2021, facilitates licensing opportunities between established cannabis brands and influential digital collectible holders to launch digital collectible branded products and accessories.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;text-indent:36pt;text-align:justify"><b><i>Going Concern and Management Plans</i></b></p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">The accompanying consolidated financial statements have been presented on the basis that the Company is a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. For the year ended December 31, 2022, the Company had a net loss from operations of $779,632, consisting primarily of general and administrative and legal and professional expenses. In addition, as of December 31, 2022, the Company had stockholders’ deficit of $1,583,916. In view of these matters, the recoverability of any asset amounts shown in the accompanying consolidated financial statements is dependent upon the Company’s ability to expand operations and achieve profitability from its business. These factors raise substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">The Company has financed its activities principally from the sale of its common stock and loans from Company officers. The Company intends to finance its future working capital needs from these sources until such time that funds provided by operations are sufficient to fund working capital requirements. Management believes that the current cash on hand, loans from Company officers and funds raised from the sale of its common stock allow the Company sufficient capital for operations and to continue as a going concern.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">In February 2022, the board of directors (“Board”) authorized an offering of up to 294,118 shares of restricted common stock at $0.85 per share, providing proceeds of up to $250,000, to be offered and sold only to investors that qualify as “accredited investors” as that term is defined in Regulation D. During the year ended December 31, 2022, the Company sold 69,900 shares of common stock under this offering for proceeds of $59,415. The offering expired on August 1, 2022. See Note 7.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">In June 2022, the Company received an unsolicited offer for $165,000, net of commission, for its domain name “blunt.com” from an unaffiliated party. Management considered this offer to be a fair arms-length price for a premium domain name and in July 2022, the Company sold the domain name. This was recorded as other income during the year ended December 31, 2022. See Note 12.</p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt;background-color:#FFFFFF;text-align:justify">In June 2022, the Company executed a Litigation Funding Agreement with Legalist Fund III, LP (“Legalist”), whereby Legalist provided $225,000 of funding under a Litigation Funding Agreement. See Notes 5 and 9. </p>
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-779632 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-1583916 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font:10pt Times New Roman;margin:0;text-indent:36pt"><b><i>Financial Statement Reclassification</i></b></p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Certain amounts from the prior year’s financial statements have been reclassified in these consolidated financial statements to conform to the current year’s classifications.</p>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font:10pt Times New Roman;margin:0;text-indent:36pt"><b><i>Concentrations of Credit Risk</i></b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash as of December 31, 2022. The Company places its cash with high credit quality financial institutions. </p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font:10pt Times New Roman;margin:0;text-indent:36pt"><b><i>Use of Estimates</i></b></p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of these 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 these consolidated financial statements and the reported amounts of revenue and expenses for the reporting period. Actual results could differ from those estimates.</p>
CY2021 us-gaap Payments To Acquire Intangible Assets
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250 usd
CY2022 us-gaap Revenues
Revenues
10261 usd
CY2021 us-gaap Revenues
Revenues
12243 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
3806 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
8000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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7218 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
0 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
94 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1178 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.351
CY2022Q4 us-gaap Derivative Liabilities Current
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45000 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
45000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7312 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
45000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
45000 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
50000 usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
75030 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
32650 usd
CY2022 us-gaap Interest Paid
InterestPaid
1253 usd
CY2022Q4 fil Due To Related Parties
DueToRelatedParties
44882 usd
CY2021Q4 fil Due To Related Parties
DueToRelatedParties
158191 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
113309 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
295000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
295000000 shares
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
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
59415 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
189582 usd
CY2022 fil Common Stock Issued For Restricted Stock Awards Shares
CommonStockIssuedForRestrictedStockAwardsShares
1118000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17075950 shares
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
127500 usd
CY2021 fil Common Stock Issued For Restricted Stock Awards Shares
CommonStockIssuedForRestrictedStockAwardsShares
200000 shares
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
345768 usd
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15694550 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Number Of Shares Period Increase Decrease
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNumberOfSharesPeriodIncreaseDecrease
0 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Number Of Shares Period Increase Decrease
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNumberOfSharesPeriodIncreaseDecrease
-200000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.020
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
50000 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.020
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
150000 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.020
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Number Of Shares Period Increase Decrease
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNumberOfSharesPeriodIncreaseDecrease
-1118000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.194
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
516000 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
752000 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.251
CY2022 fil Stock Based Compensation On Rsa S Vested
StockBasedCompensationOnRsaSVested
181112 usd
CY2021 fil Stock Based Compensation On Rsa S Vested
StockBasedCompensationOnRsaSVested
51000 usd
CY2022Q4 fil Unrecognized Stock Based Compensation Expense
UnrecognizedStockBasedCompensationExpense
188424 usd
CY2022Q4 fil Unrecognized Stock Based Compensation Expense
UnrecognizedStockBasedCompensationExpense
188424 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
737300 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
904200 usd
CY2022 fil Deferred Tax Assets Accrued Payroll
DeferredTaxAssetsAccruedPayroll
184300 usd
CY2021 fil Deferred Tax Assets Accrued Payroll
DeferredTaxAssetsAccruedPayroll
184000 usd
CY2022 fil Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
52000 usd
CY2021 fil Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
98700 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
973600 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1186900 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-93000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-204900 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-5600 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-6300 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
200 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
0 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
77800 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
83300 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
35700 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
35700 usd
CY2022 fil Excess Book Gain On Disposal Over Tax
ExcessBookGainOnDisposalOverTax
-22100 usd
CY2021 fil Excess Book Gain On Disposal Over Tax
ExcessBookGainOnDisposalOverTax
0 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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92200 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
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3511000 usd
CY2022Q4 fil Due To Related Parties
DueToRelatedParties
44882 usd
CY2021Q4 fil Due To Related Parties
DueToRelatedParties
158191 usd
CY2022 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
165000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
225000 usd

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