2022 Q3 Form 10-Q Financial Statement
#000121390022055805 Filed on September 14, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
Revenue | $3.734K | ||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | $21.96K | ||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $0.00 | $21.96K | |
YoY Change | -100.0% | ||
Operating Profit | -$181.3K | -$178.0K | |
YoY Change | 1.83% | ||
Interest Expense | $2.137K | $12.50K | |
YoY Change | -82.9% | ||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$179.7K | -$190.5K | |
YoY Change | -5.71% | ||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$178.2K | -$158.5K | |
YoY Change | 12.43% | ||
Net Earnings / Revenue | -4771.05% | ||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | |
COMMON SHARES | |||
Basic Shares Outstanding | 105.7M shares | 47.64M shares | |
Diluted Shares Outstanding | 105.7M shares | 47.64M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $277.3K | $437.2K | $613.6K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.458K | ||
Other Receivables | |||
Total Short-Term Assets | $279.7K | $439.6K | |
YoY Change | -40.14% | ||
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 | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $279.7K | $439.6K | |
Total Long-Term Assets | $0.00 | $0.00 | |
Total Assets | $279.7K | $439.6K | |
YoY Change | -40.14% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $326.3K | ||
YoY Change | 0.0% | ||
Accrued Expenses | $63.77K | $65.71K | |
YoY Change | -9.32% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $895.6K | $884.9K | |
YoY Change | 43.03% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $895.6K | $884.9K | |
Total Long-Term Liabilities | |||
Total Liabilities | $895.6K | $902.9K | |
YoY Change | 6.44% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.495M | -$4.433M | |
YoY Change | 23.72% | ||
Common Stock | $586.1K | $613.7K | $11.00K |
YoY Change | 5227.82% | -31.88% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$909.8K | $177.6K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $279.7K | $439.6K | |
YoY Change | -40.14% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$178.2K | -$158.5K | |
YoY Change | 12.43% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$155.8K | -$126.9K | |
YoY Change | 22.83% | ||
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 | $27.30K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $45.00 | $27.30K | |
YoY Change | -99.84% | ||
NET CHANGE | |||
Cash From Operating Activities | -$155.8K | -$126.9K | |
Cash From Investing Activities | |||
Cash From Financing Activities | $45.00 | $27.30K | |
Net Change In Cash | -$159.9K | -$86.20K | |
YoY Change | 85.46% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$155.8K | -$126.9K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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---|---|---|---|---|
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Document Type
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true | |
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Document Period End Date
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2022-07-31 | |
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false | |
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Sensasure Technologies Inc. | |
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NV | |
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001-41209 | |
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505 Park Ave. | |
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4th Floor | |
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New York | |
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NY | |
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10022 | |
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(347) | |
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CY2021Q3 | sesu |
Effect Of Exchange Rate Changes On Cash And Restricted Cash Held In Trust
EffectOfExchangeRateChangesOnCashAndRestrictedCashHeldInTrust
|
13366 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-159859 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-86196 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
437177 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
699777 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
277318 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
613581 | usd |
CY2021Q2 | sesu |
Proceeds Received In Common Stock
ProceedsReceivedInCommonStock
|
117800 | usd |
CY2021Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
647900 | usd |
CY2021Q2 | us-gaap |
Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
27300 | usd |
CY2020Q4 | sesu |
Description Of Share Exchange Agreement
DescriptionOfShareExchangeAgreement
|
Under the share exchange agreement, the shareholders of Sensa Bues AB, agreed to exchange their shares of Sensa Bues AB for common shares of SensaSure at an exchange ratio of approximate 1:49.99. Pursuant to the share exchange transactions (see share exchange agreement noted above), SensaSure issued a total of 13,515,183 common shares and the then-shareholders of Sensa Bues AB hold their ownership of Sensa Bues AB through SensaSure (Note 8 (b)). Upon completion of the share exchange transaction, SensaSure became the controlling shareholder that owned 74.82% the total issued and outstanding common shares in Sensa Bues AB and parent company of Sensa Bues AB (“Subsidiary”). | |
CY2022Q3 | sesu |
Common Stock Share Issued
CommonStockShareIssued
|
2200000 | shares |
CY2022Q3 | sesu |
Common Shares Noncontrolling Interests
CommonSharesNoncontrollingInterests
|
440 | shares |
CY2022Q3 | sesu |
Percentage Of Common Shares Outstanding
PercentageOfCommonSharesOutstanding
|
0.9353 | pure |
CY2022Q2 | sesu |
Percentage Of Common Shares Outstanding
PercentageOfCommonSharesOutstanding
|
0.74 | pure |
CY2022Q3 | sesu |
Working Capital Deficiency
WorkingCapitalDeficiency
|
615903 | usd |
CY2022Q2 | sesu |
Working Capital Deficiency
WorkingCapitalDeficiency
|
445270 | usd |
CY2022Q2 | sesu |
Several Private Placements
SeveralPrivatePlacements
|
368200 | usd |
CY2021Q2 | sesu |
Several Private Placements
SeveralPrivatePlacements
|
893014 | usd |
CY2021Q1 | us-gaap |
Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
|
333744 | usd |
CY2021Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
326337 | usd |
CY2022 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
420000 | shares |
CY2022Q3 | sesu |
Proceeds Received From Common Stock Issued
ProceedsReceivedFromCommonStockIssued
|
420000 | shares |
CY2022Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"><span style="font-size: 10pt">(d)</span></td> <td><span style="font-size: 10pt"><b>Critical management judgment and use of estimates</b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The preparation of the condensed interim consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the 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. Areas involving significant estimates and assumptions include: deferred income tax assets and related valuation allowance, accruals, stock options, principles of consolidation and reverse recapitalization and assumptions used in the going concern assessment. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"> </p> | |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
65714 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
95533 | usd |
CY2022Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
117892 | usd |
CY2020Q4 | sesu |
Owned Common Shares Percentage
OwnedCommonSharesPercentage
|
0.7282 | pure |
CY2020Q4 | us-gaap |
Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
|
13515183 | shares |
CY2022Q2 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
176280 | sek |
CY2022Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
408566 | usd |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
105723183 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
105723183 | shares |
CY2021 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
99643 | usd |
CY2021 | sesu |
Common Shares To Noncontrolling Interests
CommonSharesToNoncontrollingInterests
|
10000 | shares |
CY2021Q2 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
499935 | shares |
CY2021 | us-gaap |
Proceeds From Customers
ProceedsFromCustomers
|
4999 | usd |
CY2021Q2 | us-gaap |
Common Stocks Including Additional Paid In Capital Net Of Discount
CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount
|
94644 | usd |
CY2020Q4 | sesu |
Owned Common Shares
OwnedCommonShares
|
270339 | shares |
CY2021 | sesu |
Proceeds Net
ProceedsNet
|
793000 | usd |
CY2021 | sesu |
Proceed From Issuance Of Common Stock
ProceedFromIssuanceOfCommonStock
|
12200000 | shares |
CY2021 | sesu |
Issued Of Common Shares
IssuedOfCommonShares
|
11780000 | shares |
CY2022Q3 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
31768 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
52178 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
63765 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
|
usd | |
CY2022Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
|
29125 | usd |
CY2022Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
|
293000 | sek |
CY2022Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
|
29811 | usd |
CY2022Q2 | us-gaap |
Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
|
293000 | sek |
CY2022Q3 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.20 | pure |
CY2022Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1359 | usd |
CY2021Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
1711 | usd |
CY2021Q1 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
326337 | usd |
CY2021Q1 | sesu |
Aggregated Shares
AggregatedShares
|
3400 | shares |
CY2021Q1 | sesu |
Number Of Common Shares
NumberOfCommonShares
|
50 | shares |
CY2022Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
29821 | usd |
CY2022Q3 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
0 | sek |
CY2022Q2 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
30523 | usd |
CY2022Q2 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
0 | sek |
CY2022Q3 | sesu |
Unsecured Bearing Interest
UnsecuredBearingInterest
|
0.02 | pure |
CY2022Q3 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
165 | usd |
CY2021Q3 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
177 | usd |
CY2022Q3 | us-gaap |
Related Party Transaction Due From To Related Party Current
RelatedPartyTransactionDueFromToRelatedPartyCurrent
|
138483 | usd |
CY2022Q2 | us-gaap |
Related Party Transaction Due From To Related Party Current
RelatedPartyTransactionDueFromToRelatedPartyCurrent
|
138483 | usd |
CY2021Q1 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
333744 | usd |
CY2021Q1 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
2798280 | sek |
CY2022Q2 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
6997 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
263247 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
2648280 | sek |
CY2022Q2 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
261683 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
2572000 | sek |
CY2022Q2 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
17935 | usd |
CY2022Q2 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
407163 | usd |
CY2021Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
21964 | usd |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q4 | us-gaap |
Accelerated Share Repurchases Cash Or Stock Settlement
AcceleratedShareRepurchasesCashOrStockSettlement
|
Eighteen (18) months after the initial listing date of the shares on the NASDAQ Market, the Shareholder shall have 1,914,704 shares available to sell. Twenty-four (24) months after the initial listing date of the shares on the NASDAQ Market, the Shareholders shall have 5,744,109 shares available to sell. | |
CY2021 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
793000 | usd |
CY2021 | us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
12200000 | shares |
CY2021 | us-gaap |
Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
|
11780000 | shares |
CY2021 | sesu |
Agreement Description
AgreementDescription
|
The proceeds received was reflected as an increase in common stock in amount of $117,800 and additional paid-in capital in amount of $647,900 respectively. The Company recognized a subscription receivable in amount of $27,300 as well as shares to be issued at April 30, 2021. The number of shares to be issued was 420,000. The Company received the subscription proceeds for the three months ended July 31, 2021 and issued 420,000 common shares accordingly (Note 4). The subscribers entered into lock up agreement pursuant to which (i) The Shareholders shall have 1,715,800 of the shares subscribed to sell when a trading market begins on the OTC Markets; (ii) The Shareholders shall have 5,346,000 of their remaining shares available to sell Six (6) months after the initial listing date of the shares on the NASDAQ Market; (iii) The Shareholders shall have their remaining shares for trading Eighteen (18) months after the initial listing date of the shares on the NASDAQ Market; and (iv) In the event the stock does not begin trading on the NASDAQ Market within a period of Thirty-Six (36) months after the execution of the Share Exchange Agreement, the Shareholders shall have up to Thirty Percent (30%) of their remaining shares available to sell after the initial listing date of the shares on the OTC Market. The balance of the Shareholder’s shares shall be available for trading Sixty (60) months after the initial listing date of the shares on the OTC Market (the “Lock Up Period”) | |
CY2022 | sesu |
Shares Available Description
SharesAvailableDescription
|
After the revision, the shareholders shall have 10,898,736 shares available to sell upon a trading market begins on OTC Market, 7,738,000 shares available to sell upon six months after a trading market begins on OTC Market, 4,750,000 shares available to sell upon initial listing date on the Nasdaq Market, 6,280,000 shares available to sell upon six months after initial listing date on the Nasdaq Market, 800,000 shares available to sell upon twelve months after initial listing date on the Nasdaq Market, 3,838,213 shares available to sell upon eighteen months after the initial listing date on Nasdaq Market, 6,620,863 shares available to sell upon twenty four months after the initial listing date on Nasdaq Market and the balance of the shareholders’ shares will be available to sell upon sixty months after the initial listing date on Nasdaq Market. | |
CY2021Q2 | sesu |
Fair Value Of Shares Issued Amount
FairValueOfSharesIssuedAmount
|
502614 | usd |
CY2021Q3 | us-gaap |
Other Expense From Real Estate Partnership Operations
OtherExpenseFromRealEstatePartnershipOperations
|
25131 | usd |
CY2021Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
11000 | usd |
CY2021Q3 | us-gaap |
Common Stocks Including Additional Paid In Capital Net Of Discount
CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount
|
14131 | usd |
CY2022 | sesu |
Unvested Shares
UnvestedShares
|
7931000 | shares |
CY2022Q3 | sesu |
Common Stock In Amount
CommonStockInAmount
|
14576 | usd |
CY2022Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
11000 | usd |
CY2022Q3 | us-gaap |
Common Stocks Including Additional Paid In Capital Net Of Discount
CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount
|
3576 | usd |
CY2021 | us-gaap |
Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
|
31500 | shares |
CY2022Q2 | sesu |
Common Shares
CommonShares
|
50 | shares |
CY2021Q2 | us-gaap |
Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
27300 | usd |
CY2022 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
420000 | shares |
CY2022Q2 | sesu |
Proceeds Received From Common Stock Issued
ProceedsReceivedFromCommonStockIssued
|
420000 | shares |
CY2022 | us-gaap |
Payments For Repurchase Of Private Placement
PaymentsForRepurchaseOfPrivatePlacement
|
340900 | usd |
CY2022 | us-gaap |
Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
|
0.07 | |
CY2022 | sesu |
Agreement Description
AgreementDescription
|
The proceeds received was reflected as an increase in common stock in amount of $3,409 and additional paid-in capital in amount of $337,491 respectively. The subscribers entered into lock up agreement and the shareholders shall have 502,584 shares available to sell upon a trading market begins on OTC Market, 356,484 shares available to sell upon six months after a trading market begins on OTC Market, 218,663 shares available to sell upon initial listing date on the Nasdaq Market, 289,278 shares available to sell upon six months after initial listing date on the Nasdaq Market, 37,012 shares available to sell upon twelve months after initial listing date on the Nasdaq Market, 176,781 shares available to sell upon eighteen months after the initial listing date on Nasdaq Market, 304,862 shares available to sell upon twenty four months after the initial listing date on Nasdaq Market and the balance of the shareholders’ shares will be available to sell upon sixty months after the initial listing date on Nasdaq Market. | |
CY2022Q3 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
usd | |
CY2022Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
April 30, 2022, the Company approved the issuance of 2,118,000 shares of the common stock to several consultants and directors. The fair value of the share-based compensation was in the amount of $148,260 and was included in the general and admirative expenses as well as a credit made in common stock in amount of 21,180 and additional paid-in capital in amount of 127,080 respectively. The fair value of the shares of common stock issued was determined by using the most recent private placement price at $0.07 per share. One of the consultants is a related party individual and the share awards was 2,100,000 common shares with an amount of 147,000.During the year ended April 30, 2022, SensaSure issued 3,080,000 common stock to a consultant of the Company for services to be provided in future including completion of certain financing projects and regulatory services. The fair value of the shares of common stock issued was determined by using the most recent private placement price at $0.07 per share. At April 30, 2022, none of these services were rendered. Accordingly, the Company has not recognized any share based compensation expense during the year. | |
CY2022Q3 | sesu |
Common Share
CommonShare
|
2200000 | shares |
CY2022Q3 | us-gaap |
Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
|
225641 | usd |
CY2022Q3 | sesu |
Common Shareholders Of The Company Percentage
CommonShareholdersOfTheCompanyPercentage
|
0.9353 | pure |
CY2022 | sesu |
Common Shareholders Of The Company Percentage
CommonShareholdersOfTheCompanyPercentage
|
0.74 | pure |
CY2021 | sesu |
Common Shareholders Of The Company Percentage
CommonShareholdersOfTheCompanyPercentage
|
0.74 | pure |
CY2022Q3 | sesu |
Noncontrolling Interests Percentage
NoncontrollingInterestsPercentage
|
0.0647 | pure |
CY2022Q2 | sesu |
Noncontrolling Interests Percentage
NoncontrollingInterestsPercentage
|
0.26 | pure |
CY2021Q2 | sesu |
Noncontrolling Interests Percentage
NoncontrollingInterestsPercentage
|
0.26 | pure |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-178151 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-158454 | usd |
CY2022Q3 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
|
-883768 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-1061919 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-158544 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
usd | |
CY2022Q2 | sesu |
Preferred Stock Value1
PreferredStockValue1
|
usd | |
CY2022Q3 | sesu |
Common Stock Value1
CommonStockValue1
|
usd | |
CY2022Q2 | sesu |
Common Stock Value1
CommonStockValue1
|
usd | |
CY2022Q2 | us-gaap |
Shares Issued
SharesIssued
|
420000 | shares |
CY2022Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
usd | |
CY2022Q3 | sesu |
Other Incomeexpenses
OtherIncomeexpenses
|
usd | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.002 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.003 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
105723183 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47636922 | shares |
CY2022Q3 | sesu |
Effect Of Dilution Of Ownership In Subsidiary Pursuant To Issuance Of Shares
EffectOfDilutionOfOwnershipInSubsidiaryPursuantToIssuanceOfShares
|
usd | |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2021Q3 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
usd | |
CY2022Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2021Q3 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2022Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2021Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2021Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022Q3 | us-gaap |
Notes Payable
NotesPayable
|
usd | |
CY2022Q2 | us-gaap |
Notes Payable
NotesPayable
|
usd | |
CY2021Q2 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
sek | |
CY2022Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
usd | |
CY2022Q3 | us-gaap |
Other Minority Interests
OtherMinorityInterests
|
usd | |
CY2021Q3 | us-gaap |
Other Minority Interests
OtherMinorityInterests
|
usd | |
CY2021Q3 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
|
usd | |
CY2022Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--04-30 | |
CY2022Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2022Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2022Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001885336 | |
CY2022Q3 | dei |
Security Exchange Name
SecurityExchangeName
|
NONE |