2023 Q2 Form 10-K Financial Statement

#000152013823000249 Filed on May 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $12.17M $12.81M $34.05M
YoY Change 150.64% 127.1% 48.53%
Cost Of Revenue $11.51M $12.15M $31.74M
YoY Change 156.95% 137.66% 57.78%
Gross Profit $662.6K $665.0K $2.318M
YoY Change 75.71% 25.36% -17.61%
Gross Profit Margin 5.44% 5.19% 6.81%
Selling, General & Admin $1.652M $2.314M $6.105M
YoY Change 27.37% 45.5% -8.88%
% of Gross Profit 249.28% 347.99% 263.34%
Research & Development $172.1K $207.6K $797.5K
YoY Change -18.69% -57.22% -13.63%
% of Gross Profit 25.98% 31.22% 34.4%
Depreciation & Amortization $18.34K $18.45K $63.10K
YoY Change 29.41% 28.57% 9.01%
% of Gross Profit 2.77% 2.77% 2.72%
Operating Expenses $1.842M $2.540M $8.985M
YoY Change 1.63% 21.53% 16.97%
Operating Profit -$1.180M -$1.875M -$6.666M
YoY Change -17.83% 20.23% 36.96%
Interest Expense -$98.58K -$217.1K $566.1K
YoY Change -764.69% -1113.07% -474.86%
% of Operating Profit
Other Income/Expense, Net $13.82K $57.99K -$872.8K
YoY Change -249.44% -5957.58% -1223.26%
Pretax Income -$1.264M -$2.034M -$7.539M
YoY Change -12.49% 32.17% 52.59%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.265M -$2.036M -$7.539M
YoY Change -12.37% 32.26% 52.51%
Net Earnings / Revenue -10.4% -15.89% -22.14%
Basic Earnings Per Share -$0.02 -$0.17
Diluted Earnings Per Share -$0.02 -$0.04 -$0.17
COMMON SHARES
Basic Shares Outstanding 51.99M shares 46.32M shares 44.01M shares
Diluted Shares Outstanding 51.48M shares 44.01M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.425M $9.240M $9.240M
YoY Change 573.44% 1900.36% 1900.36%
Cash & Equivalents $5.425M $9.240M
Short-Term Investments
Other Short-Term Assets $3.163M $4.139M $4.139M
YoY Change 11.22% 24.25% 24.25%
Inventory $0.00
Prepaid Expenses
Receivables $1.632M $1.335M $1.335M
Other Receivables $4.148M $2.552M $2.552M
Total Short-Term Assets $14.37M $17.27M $17.27M
YoY Change 62.74% 69.12% 69.12%
LONG-TERM ASSETS
Property, Plant & Equipment $167.6K $78.10K $208.2K
YoY Change 638.26% 191.32% 553.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $228.8K $281.3K $281.3K
YoY Change -39.26% 78.24% 78.23%
TOTAL ASSETS
Total Short-Term Assets $14.37M $17.27M $17.27M
Total Long-Term Assets $228.8K $281.3K $281.3K
Total Assets $14.60M $17.55M $17.55M
YoY Change 58.56% 69.26% 69.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.02K $27.37K $27.37K
YoY Change -97.01% -99.24% -99.24%
Accrued Expenses $548.7K $1.219M $1.219M
YoY Change -78.96% -27.88% -27.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $730.0K $730.0K
YoY Change
Total Short-Term Liabilities $607.7K $2.037M $2.037M
YoY Change -88.56% -61.42% -61.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.533M $2.533M
YoY Change
Other Long-Term Liabilities $0.00 $4.970K $4.970K
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $2.538M $2.538M
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $607.7K $2.037M $2.037M
Total Long-Term Liabilities $0.00 $2.538M $2.538M
Total Liabilities $620.2K $4.575M $4.586M
YoY Change -88.58% -13.33% -13.3%
SHAREHOLDERS EQUITY
Retained Earnings -$25.96M -$24.69M
YoY Change 39.58% 43.95%
Common Stock $5.199K $4.943K
YoY Change 21.53% 15.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.98M $12.96M $12.96M
YoY Change
Total Liabilities & Shareholders Equity $14.60M $17.55M $17.55M
YoY Change 58.56% 69.26% 69.26%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$1.265M -$2.036M -$7.539M
YoY Change -12.37% 32.26% 52.51%
Depreciation, Depletion And Amortization $18.34K $18.45K $63.10K
YoY Change 29.41% 28.57% 9.01%
Cash From Operating Activities -$2.578M -$3.014M -$8.614M
YoY Change 510.93% 315.58% 47.3%
INVESTING ACTIVITIES
Capital Expenditures $380.00 $7.060K $74.82K
YoY Change -157.45% -386.99%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$380.00 -$7.060K -$74.82K
YoY Change -42.55% 186.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.02M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.075M -206.7K $17.34M
YoY Change -247.31% -513.34% 220.33%
NET CHANGE
Cash From Operating Activities -2.578M -3.014M -$8.614M
Cash From Investing Activities -380.0 -7.060K -$74.82K
Cash From Financing Activities -1.075M -206.7K $17.34M
Net Change In Cash -3.654M -3.227M $8.778M
YoY Change -1163.3% 369.47% -2009.41%
FREE CASH FLOW
Cash From Operating Activities -$2.578M -$3.014M -$8.614M
Capital Expenditures $380.00 $7.060K $74.82K
Free Cash Flow -$2.578M -$3.021M -$8.689M
YoY Change 511.03% 323.74% 49.25%

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CY2022 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Stock Issued During Period Value Issued For Services
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2023 fngr Cashless Exercise Of Warrants
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CY2022 us-gaap Increase Decrease In Prepaid Expense
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CY2022 us-gaap Increase Decrease In Other Receivables
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CY2022 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Convertible Debt
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CY2022 us-gaap Proceeds From Short Term Debt
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CY2023 us-gaap Repayments Of Convertible Debt
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CY2023 fngr Advances From Stock Subscription Payables
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
123925 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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8778308 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
461933 usd
CY2023 fngr Execution Of Convertible Note Conversion Of Loan Payables To Shares
ExecutionOfConvertibleNoteConversionOfLoanPayablesToShares
1572761 usd
CY2022 fngr Execution Of Convertible Note Conversion Of Loan Payables To Shares
ExecutionOfConvertibleNoteConversionOfLoanPayablesToShares
1941000 usd
CY2023 us-gaap Nature Of Operations
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<p id="xdx_80D_eus-gaap--NatureOfOperations_zFiUmPVJ5Cjc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="b006_v1"/>Note 1 – <span id="xdx_827_zWu5FGrP0qg4">Nature of Business and basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FingerMotion, Inc. fka Property Management Corporation of America (the “Company”) was incorporated on January 23, 2014, under the laws of the State of Delaware. The Company then offered management and consulting services to residential and commercial real estate property owners who rent or lease their property to third-party tenants.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company changed its name to FingerMotion, Inc. on July 13, 2017, after a change in control. In July 2017 the Company acquired all of the outstanding shares of Finger Motion Company Limited (“FMCL”), a Hong Kong corporation that is an information technology company which specialize in operating and publishing mobile games.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Share Exchange Agreement with FMCL, effective July 13, 2017 (the “Share Exchange Agreement”, the Company agreed to exchange the outstanding equity stock of FMCL held by the FMCL Shareholders for shares of common stock of the Company. At the Closing Date, the Company issued <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20170712__20170713__us-gaap--BusinessAcquisitionAxis__custom--FingerMotionCompanyLimitedMember_zYPbse50K1Yi" title="Shares issued">12,000,000</span> shares of common stock to the FMCL shareholders. In addition, the Company issued <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20170712__20170713__us-gaap--DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis__us-gaap--ShareDistributionMember_zrPdmek9DHUd" title="Shares issued">600,000</span> shares to other consultants in connection with the transactions contemplated by the Share Exchange Agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The transaction was accounted for as a “reverse acquisition” since, immediately following completion of the transaction, the shareholders of FMCL effectuated control of the post-combination Company. For accounting purposes, FMCL was deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of FMCL (i.e., a capital transaction involving the issuance of shares by the Company for the shares of FMCL). Accordingly, the consolidated assets, liabilities, and results of operations of FMCL became the historical financial statements of FingerMotion, Inc. and its subsidiaries, and the Company’s assets, liabilities and results of operations were consolidated with FMCL beginning on the acquisition date. No step-up in basis or intangible assets or goodwill were recorded in this transaction.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As a result of the Share Exchange Agreement and the other transactions contemplated thereunder, FMCL became a wholly owned subsidiary of the Company. FMCL, a Hong Kong corporation, was formed in April 6, 2016.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 16, 2018, the Company through its indirect wholly-owned subsidiary, Shanghai JiuGe Business Management Co., Ltd. (“JiuGe Management”), entered into a series of agreements known as variable interest agreements (the “VIE Agreements”) pursuant to which Shanghai JiuGe Information Technology Co., Ltd. (“JiuGe Technology”) became JiuGe Management’s contractually controlled affiliate. The use of VIE agreements is a common structure used to acquire PRC corporations, particularly in certain industries in which foreign investment is restricted or forbidden by the PRC government. The VIE Agreements include a Consulting Services Agreement, a Loan Agreement, a Power of Attorney Agreement, a Call Option Agreement, and a Share Pledge Agreement in order to secure the connection and commitments of JiuGe Technology.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 7, 2019, JiuGe Technology also acquired 99% of the equity interest of Beijing XunLian (“BX”), a subsidiary that provides bulk distribution of SMS messages for JiuGe customers at discounted rates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finger Motion Financial Company Limited was incorporated on January 24, 2020, and is 100% owned by FingerMotion, Inc. The company has been activated for the insurtech business during the last quarter of the fiscal year where the Big Data division secured its first contract and recorded revenue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shanghai TengLian JiuJiu Information Communication Technology Co., Ltd. was incorporated on December 23, 2020, for the purpose of venturing into mobile phone sales in China. It is 99% owned by JiuGe Technology.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 5, 2021, JiuGe Technology disposed of its 99% owned subsidiary, Suzhou BuGuNiao Digital Technology Co., Ltd which was established to venture into R&amp;D projects.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_ztBwHOi1avx3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zlugLM0hX0Kc">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Company’s financial statements in conformity with generally accepted accounting principles of the United States of America 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. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zod1ZRxIcUNb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zBehH0kcxvO4">Certain Risks and Uncertainties</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company relies on cloud-based hosting through a global accredited hosting provider. Management believes that alternate sources are available; however, disruption or termination of this relationship could adversely affect our operating results in the near-term.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.46
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WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
-0.17
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EarningsPerShareBasic
-0.12
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EarningsPerShareDiluted
-0.17
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
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RetainedEarningsAccumulatedDeficit
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CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Revenues
Revenues
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CY2022 us-gaap Revenues
Revenues
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CY2023 us-gaap Revenues
Revenues
34054205 usd
CY2022 us-gaap Revenues
Revenues
22927415 usd
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PropertyPlantAndEquipmentGross
120996 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
62347 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
42898 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35539 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78098 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26808 usd
CY2023 us-gaap Depreciation
Depreciation
20801 usd
CY2022 us-gaap Depreciation
Depreciation
14039 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
412128 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
433167 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-298017 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-266190 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
41045 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
41045 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73066 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
125932 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42302 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46956 usd
CY2023Q1 fngr Advances To Suppliers
AdvancesToSuppliers
1082636 usd
CY2022Q1 fngr Advances To Suppliers
AdvancesToSuppliers
948128 usd
CY2023Q1 fngr Intransit Capital Injection For Subsidiary
IntransitCapitalInjectionForSubsidiary
720979 usd
CY2023Q1 us-gaap Other Receivables
OtherReceivables
748050 usd
CY2022Q1 us-gaap Other Receivables
OtherReceivables
591137 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
2551665 usd
CY2022Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1539265 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
130109 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5069 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
122924 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5069 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4971 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
127895 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5069 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13M
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
131337 usd
CY2023Q1 fngr Imputed Interest
ImputedInterest
-3441 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
127895 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
730000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.20 pure
CY2022Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-04-30
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.0001
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
4.00
CY2022Q4 fngr Closing Of Private Placement Shares
ClosingOfPrivatePlacementShares
2887500 shares
CY2022Q4 us-gaap Share Price
SharePrice
4.00
CY2022Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
11550000 usd
CY2023Q1 us-gaap Debt Current
DebtCurrent
5280000 usd
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49432214 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49432214 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
42627260 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
42627260 shares
CY2023 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
470000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
539998 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.32
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2287480 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0106 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0106 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.1527 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.1527 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.46
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-7538837 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-4940548 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44014060 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40840413 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44014060 shares
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 fngr Effective Income Tax Rate Reconciliation Foreign Income Adjustment Percent
EffectiveIncomeTaxRateReconciliationForeignIncomeAdjustmentPercent
0.210 pure
CY2022 fngr Effective Income Tax Rate Reconciliation Foreign Income Adjustment Percent
EffectiveIncomeTaxRateReconciliationForeignIncomeAdjustmentPercent
0.210 pure
CY2023 fngr Effective Income Tax Rate Reconciliation Foreign Profit Tax Rate Percent
EffectiveIncomeTaxRateReconciliationForeignProfitTaxRatePercent
0.250 pure
CY2022 fngr Effective Income Tax Rate Reconciliation Foreign Profit Tax Rate Percent
EffectiveIncomeTaxRateReconciliationForeignProfitTaxRatePercent
0.250 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.250 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.250 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1884786 usd
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1235861 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1884786 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1235861 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1884786 usd
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1235861 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1884786 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1235861 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
4800000 usd
CY2022Q3 fngr Number Of Warrant Acquire
NumberOfWarrantAcquire
3478261 usd
CY2022Q4 fngr Closing Of Private Placement Shares
ClosingOfPrivatePlacementShares
2887500 shares
CY2022Q4 us-gaap Share Price
SharePrice
4.00
CY2022Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
11550000 usd
CY2023Q1 us-gaap Debt Current
DebtCurrent
5280000 usd

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