$FRZT
Freeze Tag, Inc.

2022 Q4 Form 10-Q Financial Statement

#000147793222008541 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $534.0K $556.4K $517.2K
YoY Change -4.57% 7.6% 9.3%
Cost Of Revenue $92.40K $99.81K $76.13K
YoY Change 25.14% 31.11% 17.16%
Gross Profit $441.6K $456.6K $441.0K
YoY Change -9.09% 3.54% 8.05%
Gross Profit Margin 82.7% 82.06% 85.28%
Selling, General & Admin $384.5K $409.7K $402.0K
YoY Change -4.72% 1.93% -8.25%
% of Gross Profit 87.08% 89.72% 91.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.220K $23.50K $25.67K
YoY Change -87.46% -8.45% -1.53%
% of Gross Profit 0.73% 5.15% 5.82%
Operating Expenses $384.5K $409.7K $402.0K
YoY Change -4.72% 1.93% -8.25%
Operating Profit $57.07K $46.92K $39.07K
YoY Change -30.53% 20.1% -230.39%
Interest Expense -$11.78K $11.80K $12.31K
YoY Change -4.15% -4.13% 16.82%
% of Operating Profit -20.64% 25.16% 31.51%
Other Income/Expense, Net -$11.80K -$12.31K
YoY Change -4.13% -185.05%
Pretax Income $45.29K $35.12K $26.76K
YoY Change -35.16% 31.24% -272.76%
Income Tax $1.560K
% Of Pretax Income 3.44%
Net Earnings $43.73K $35.12K $26.76K
YoY Change -36.07% 31.24% -272.77%
Net Earnings / Revenue 8.19% 6.31% 5.17%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $467.90 $282.20
COMMON SHARES
Basic Shares Outstanding 75.06M shares 75.06M shares 75.06M shares
Diluted Shares Outstanding 75.06M shares 94.81M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $741.2K $743.6K $713.5K
YoY Change -1.55% 4.22% 34.8%
Cash & Equivalents $741.2K $743.6K $713.5K
Short-Term Investments
Other Short-Term Assets $13.46K $13.24K $14.51K
YoY Change 7.85% -8.75% 7.64%
Inventory
Prepaid Expenses
Receivables $16.88K $15.43K $13.70K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $771.5K $772.3K $741.7K
YoY Change -0.9% 4.12% 33.69%
LONG-TERM ASSETS
Property, Plant & Equipment $20.20K $23.41K $34.97K
YoY Change -37.22% -33.05% -26.1%
Goodwill
YoY Change
Intangibles $0.00 $0.00
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets $371.5K $316.6K $148.6K
YoY Change 78.66% 113.1% 246.53%
Total Long-Term Assets $391.7K $340.1K $273.1K
YoY Change 27.66% 24.49% 0.69%
TOTAL ASSETS
Total Short-Term Assets $771.5K $772.3K $741.7K
Total Long-Term Assets $391.7K $340.1K $273.1K
Total Assets $1.163M $1.112M $1.015M
YoY Change 7.18% 9.61% 22.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.5K $161.5K $134.8K
YoY Change 17.27% 19.83% -11.12%
Accrued Expenses $494.0K $495.4K $500.1K
YoY Change 1.03% -0.93% -6.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $390.1K $390.0K $414.1K
YoY Change -10.36% -5.81% 256.32%
Total Short-Term Liabilities $1.056M $1.055M $1.065M
YoY Change -1.47% -0.98% 31.61%
LONG-TERM LIABILITIES
Long-Term Debt $163.3K $165.9K $326.1K
YoY Change -46.05% -49.14% -48.53%
Other Long-Term Liabilities $8.917K $10.34K $15.94K
YoY Change -38.74% -35.12% 89.55%
Total Long-Term Liabilities $8.917K $10.34K $15.94K
YoY Change -38.74% -35.12% -97.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.056M $1.055M $1.065M
Total Long-Term Liabilities $8.917K $10.34K $15.94K
Total Liabilities $1.228M $1.231M $1.407M
YoY Change -11.57% -12.53% -3.05%
SHAREHOLDERS EQUITY
Retained Earnings -$9.374M -$9.417M -$9.643M
YoY Change -2.1% -2.34%
Common Stock $751.00 $751.00 $751.00
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$65.12K -$118.4K -$392.2K
YoY Change
Total Liabilities & Shareholders Equity $1.163M $1.112M $1.015M
YoY Change 7.18% 9.61% 22.86%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $43.73K $35.12K $26.76K
YoY Change -36.07% 31.24% -272.77%
Depreciation, Depletion And Amortization $3.220K $23.50K $25.67K
YoY Change -87.46% -8.45% -1.53%
Cash From Operating Activities $54.95K $72.14K $78.49K
YoY Change -49.57% -8.09% 117.73%
INVESTING ACTIVITIES
Capital Expenditures $54.85K -$49.22K -$71.37K
YoY Change -181.68% -31.04%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$54.85K -$49.22K -$71.37K
YoY Change -18.32% -31.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.520K -2.500K -2.430K
YoY Change 2.86% 2.88% 2.97%
NET CHANGE
Cash From Operating Activities 54.95K 72.14K 78.49K
Cash From Investing Activities -54.85K -49.22K -71.37K
Cash From Financing Activities -2.520K -2.500K -2.430K
Net Change In Cash -2.420K 20.42K 4.690K
YoY Change -106.15% 335.39% -86.08%
FREE CASH FLOW
Cash From Operating Activities $54.95K $72.14K $78.49K
Capital Expenditures $54.85K -$49.22K -$71.37K
Free Cash Flow $100.00 $121.4K $149.9K
YoY Change -99.94% -19.02% 315.7%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
401961 usd
CY2022Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
509526 usd
CY2021Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
478089 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
39069 usd
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
11803 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
12311 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11803 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
35118 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
26758 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75056123 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75056123 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75056123 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94810241 shares
CY2022Q3 frzt Earnings Per Sharse Basic And Diluted
EarningsPerSharseBasicAndDiluted
0.00
CY2021Q3 frzt Earnings Per Sharse Basic And Diluted
EarningsPerSharseBasicAndDiluted
0.00
us-gaap Cost Of Revenue
CostOfRevenue
274228 usd
us-gaap Net Income Loss
NetIncomeLoss
221939 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001485074
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
75056123 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
75056123 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
75056123 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.1 pure
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-54267
dei Entity Registrant Name
EntityRegistrantName
FREEZE TAG, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-4532392
dei Entity Address Address Line1
EntityAddressAddressLine1
18062 Irvine Blvd
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 103
dei Entity Address City Or Town
EntityAddressCityOrTown
Tustin
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92780
dei City Area Code
CityAreaCode
714
dei Local Phone Number
LocalPhoneNumber
210-3850
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
75056123 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
us-gaap Cost Of Revenue
CostOfRevenue
202254 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
409714 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1274784 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1290532 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1549012 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1492786 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
46921 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
16090 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
84040 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
176441 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
174420 usd
us-gaap Interest Expense
InterestExpense
35563 usd
us-gaap Interest Expense
InterestExpense
36521 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12311 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
140878 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
137899 usd
us-gaap Net Income Loss
NetIncomeLoss
156968 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75056123 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75056123 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94230672 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95480605 shares
frzt Earnings Per Sharse Basic And Diluted
EarningsPerSharseBasicAndDiluted
0.00
frzt Earnings Per Sharse Basic And Diluted
EarningsPerSharseBasicAndDiluted
0.00
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-303807 usd
CY2022Q1 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
9366 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-22647 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-317088 usd
CY2022Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
9470 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
144497 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-163121 usd
CY2022Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
9574 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
35118 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-118429 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-673797 usd
CY2021Q1 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
9366 usd
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10417 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-51147 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-705161 usd
CY2021Q2 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
9469 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
10417 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
246328 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-438947 usd
CY2021Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
9574 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
10417 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
26758 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-392198 usd
us-gaap Profit Loss
ProfitLoss
-156968 usd
us-gaap Profit Loss
ProfitLoss
-221939 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75481 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77162 usd
frzt Imputed Interest Expense
ImputedInterestExpense
28410 usd
frzt Imputed Interest Expense
ImputedInterestExpense
28409 usd
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
31251 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
176441 usd
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
174420 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
2263 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
2224 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
766 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2742 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21230 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3915 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8520 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
19750 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
764 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4090 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
110375 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191120 usd
us-gaap Payments For Software
PaymentsForSoftware
112165 usd
us-gaap Payments For Software
PaymentsForSoftware
136474 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-112165 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-136474 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
174421 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7459 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7241 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7459 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
167180 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-9249 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
221826 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
752826 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
491639 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
743577 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
713465 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2737 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
800 usd
us-gaap Interest Paid Net
InterestPaidNet
657 usd
us-gaap Interest Paid Net
InterestPaidNet
275 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 1 – THE COMPANY AND NATURE OF BUSINESS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Nature of Operations</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Freeze Tag, Inc. (“Freeze Tag” or the “Company”) is a leading creator of mobile location-based games for consumers and businesses. The Company also offers gaming technology and services to businesses that want to leverage mobile gaming in their marketing and branding programs.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Beginning in the quarter ended March 31, 2020, our wholly-owned subsidiary, Space Coast Geo Store, LLC, a Florida limited liability company, sells merchandise to the geocaching industry. The LLC was filed with the State of Florida on September 3, 2019 and there was no activity in the entity from the time of filing until it began operations in the quarter ended March 31, 2020.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires the Company’s management to make judgments, assumptions and estimates that affect the amounts reported in its financial statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates and these differences may be material.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The following accounting policies involve significant judgments, assumptions and estimates by management:</p>
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
31251 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94230672 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94810241 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95480605 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75056123 shares
us-gaap Development Costs
DevelopmentCosts
315788 usd
us-gaap Development Costs
DevelopmentCosts
136474 usd
frzt Net Income Loss1
NetIncomeLoss1
156968 usd
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
110375 usd
CY2022Q3 frzt Working Capital Deficit
WorkingCapitalDeficit
282290 usd
CY2022Q3 frzt Total Stockholders Deficit
TotalStockholdersDeficit
-118429 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.024
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
62392 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
62392 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
38979 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30219 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23413 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32173 usd
us-gaap Depreciation
Depreciation
8761 usd
us-gaap Depreciation
Depreciation
8551 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-457400 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-390680 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66720 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66720 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
68610 usd
CY2020Q2 frzt Non Payroll Costs
NonPayrollCosts
0.25 pure
CY2022Q3 us-gaap Notes Payable
NotesPayable
555869 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
737749 usd
CY2022Q3 frzt Less Current Portion
LessCurrentPortion
390019 usd
CY2021Q4 frzt Less Current Portion
LessCurrentPortion
435150 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
165850 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
302599 usd
us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.10 pure
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
28410 usd
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
28409 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
382341 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
13077 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
13877 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
6126 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
3566 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
136882 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
555869 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
75056123 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
31251 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7762821 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.024
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7762821 shares

Files In Submission

Name View Source Status
0001477932-22-008541-index-headers.html Edgar Link pending
0001477932-22-008541-index.html Edgar Link pending
0001477932-22-008541.txt Edgar Link pending
0001477932-22-008541-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
frzt-20220930.xsd Edgar Link pending
frzt_10q.htm Edgar Link pending
frzt_ex311.htm Edgar Link pending
frzt_ex312.htm Edgar Link pending
frzt_ex321.htm Edgar Link pending
frzt_ex322.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
frzt-20220930_cal.xml Edgar Link unprocessable
frzt-20220930_def.xml Edgar Link unprocessable
frzt-20220930_lab.xml Edgar Link unprocessable
frzt-20220930_pre.xml Edgar Link unprocessable
frzt_10q_htm.xml Edgar Link completed
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable