2022 Q4 Form 10-K Financial Statement

#000118518522001464 Filed on December 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022
Revenue $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -71.43%
Cost Of Revenue $0.00 $0.00 $10.02K
YoY Change -100.0% -100.0% -87.65%
Gross Profit $0.00 $0.00 $190.0K
YoY Change -100.0% -100.0% -69.3%
Gross Profit Margin 94.99%
Selling, General & Admin $115.2K $110.6K $623.6K
YoY Change -35.94% -35.5% -8.92%
% of Gross Profit 328.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $455.00 $450.00 $1.914K
YoY Change -17.27% -18.18% -12.6%
% of Gross Profit 1.01%
Operating Expenses $115.2K $110.6K $623.6K
YoY Change -35.94% -90.56% -62.98%
Operating Profit -$115.2K -$110.6K -$433.7K
YoY Change -1233.87% -89.04% -59.31%
Interest Expense $4.278K -$3.450K $8.498K
YoY Change -519.41% 238.24% -309.83%
% of Operating Profit
Other Income/Expense, Net -$4.278K $650.00 -$8.438K
YoY Change 409.29% -280.56% 554.11%
Pretax Income -$119.5K -$113.4K -$442.1K
YoY Change -1539.51% -88.78% -56.72%
Income Tax $2.400K $0.00 $2.400K
% Of Pretax Income
Net Earnings -$121.9K -$113.4K -$444.5K
YoY Change -2164.35% -88.78% -56.59%
Net Earnings / Revenue -222.25%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 -$1.750K -$6.862K
COMMON SHARES
Basic Shares Outstanding 64.78M shares 64.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.58K $33.00K $33.00K
YoY Change -16.57% -75.65% -75.65%
Cash & Equivalents $67.58K $33.00K $33.00K
Short-Term Investments
Other Short-Term Assets $8.300K $12.02K $12.02K
YoY Change -24.34% -47.47% -47.47%
Inventory
Prepaid Expenses $8.295K $12.02K
Receivables
Other Receivables
Total Short-Term Assets $75.88K $45.01K $45.01K
YoY Change -46.55% -71.58% -71.58%
LONG-TERM ASSETS
Property, Plant & Equipment $1.821K $2.276K $61.11K
YoY Change -49.97% -45.68% 818.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change
Total Long-Term Assets $54.19K $61.11K $61.12K
YoY Change 1388.82% 819.52% 820.48%
TOTAL ASSETS
Total Short-Term Assets $75.88K $45.01K $45.01K
Total Long-Term Assets $54.19K $61.11K $61.12K
Total Assets $130.1K $106.1K $106.1K
YoY Change -10.67% -35.69% -35.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $34.75K $30.67K $30.67K
YoY Change 586.13% 586.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.250K $2.230K $2.230K
YoY Change -16.04% -16.17% -16.17%
Total Short-Term Liabilities $40.93K $37.57K $37.57K
YoY Change 347.36% 10.76% 10.76%
LONG-TERM LIABILITIES
Long-Term Debt $603.5K $454.1K $454.1K
YoY Change 470.51% 327.04% 327.04%
Other Long-Term Liabilities $27.20K $34.17K $34.17K
YoY Change
Total Long-Term Liabilities $630.7K $488.3K $488.3K
YoY Change 496.22% 359.18% 359.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.93K $37.57K $37.57K
Total Long-Term Liabilities $630.7K $488.3K $488.3K
Total Liabilities $671.7K $525.8K $525.9K
YoY Change 484.42% 274.91% 274.91%
SHAREHOLDERS EQUITY
Retained Earnings -$7.556M -$7.434M
YoY Change 6.36%
Common Stock $64.78K $64.78K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$541.6K -$419.7K -$419.7K
YoY Change
Total Liabilities & Shareholders Equity $130.1K $106.1K $106.1K
YoY Change -10.67% -35.69% -35.69%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022
OPERATING ACTIVITIES
Net Income -$121.9K -$113.4K -$444.5K
YoY Change -2164.35% -88.78% -56.59%
Depreciation, Depletion And Amortization $455.00 $450.00 $1.914K
YoY Change -17.27% -18.18% -12.6%
Cash From Operating Activities -$114.9K -$114.5K -$449.8K
YoY Change 112.79% -1349.56% 669.75%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $550.00 $2.663K
YoY Change
Cash From Financing Activities $149.5K 99.46K $347.3K
YoY Change -28298.11% -18866.04% -65635.28%
NET CHANGE
Cash From Operating Activities -$114.9K -114.5K -$449.8K
Cash From Investing Activities
Cash From Financing Activities $149.5K 99.46K $347.3K
Net Change In Cash $34.59K -15.00K -$102.5K
YoY Change -163.45% -273.81% 73.83%
FREE CASH FLOW
Cash From Operating Activities -$114.9K -$114.5K -$449.8K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
333-202948
CY2022 dei Entity Registrant Name
EntityRegistrantName
FUSE GROUP HOLDING INC
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-1017473
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
805 W. Duarte Rd., Suite 102
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Arcadia
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
91007
CY2022 dei City Area Code
CityAreaCode
626
CY2022 dei Local Phone Number
LocalPhoneNumber
210-0000
CY2022 dei Security12b Title
Security12bTitle
None
CY2022 dei Trading Symbol
TradingSymbol
N/A
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 dei Entity Public Float
EntityPublicFloat
13026930 usd
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
64778050 shares
CY2022 dei Auditor Firm
AuditorFirmId
2851
CY2022 dei Auditor Name
AuditorName
KCCW Accountancy Corp
CY2022 dei Auditor Location
AuditorLocation
Diamond Bar, California
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32996 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
135503 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12018 usd
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22882 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
45014 usd
CY2021Q3 us-gaap Assets Current
AssetsCurrent
158385 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2276 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4190 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58835 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2456 usd
CY2022Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
61111 usd
CY2021Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
6646 usd
CY2022Q3 us-gaap Assets
Assets
106125 usd
CY2021Q3 us-gaap Assets
Assets
165031 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4670 usd
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26796 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
4466 usd
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
0 usd
CY2022Q3 us-gaap Loans Payable Current
LoansPayableCurrent
2230 usd
CY2021Q3 us-gaap Loans Payable Current
LoansPayableCurrent
2663 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26207 usd
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4465 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
37573 usd
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
33924 usd
CY2022Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
350000 usd
CY2021Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34167 usd
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
104107 usd
CY2021Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
106337 usd
CY2022Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
488274 usd
CY2021Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
106337 usd
CY2022Q3 us-gaap Liabilities
Liabilities
525847 usd
CY2021Q3 us-gaap Liabilities
Liabilities
140261 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
375000000 shares
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
375000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64778050 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64778050 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64778050 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64778050 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
64778 usd
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
64778 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6949717 usd
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6949717 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7434217 usd
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6989725 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-419722 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
24770 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
106125 usd
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
165031 usd
CY2022 us-gaap Revenues
Revenues
200000 usd
CY2021 us-gaap Revenues
Revenues
700000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
10015 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
81081 usd
CY2022 us-gaap Gross Profit
GrossProfit
189985 usd
CY2021 us-gaap Gross Profit
GrossProfit
618919 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
551236 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
605566 usd
CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
0 usd
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-1000000 usd
CY2022 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
72403 usd
CY2021 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
79128 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
623639 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
1684694 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-433654 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-1065775 usd
CY2022 us-gaap Interest Expense
InterestExpense
8498 usd
CY2021 us-gaap Interest Expense
InterestExpense
4053 usd
CY2022 us-gaap Other Income
OtherIncome
60 usd
CY2021 us-gaap Other Income
OtherIncome
49600 usd
CY2022 us-gaap Other Expenses
OtherExpenses
0 usd
CY2021 us-gaap Other Expenses
OtherExpenses
1293 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8438 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
44254 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-442092 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1021521 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-444492 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1023921 usd
CY2022 fsnt Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
64778050 shares
CY2021 fsnt Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
64778050 shares
CY2022 fsnt Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.01
CY2021 fsnt Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.02
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1048691 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1023921 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
24770 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-444492 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-419722 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-444492 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1023921 usd
CY2022 us-gaap Depreciation
Depreciation
1914 usd
CY2021 us-gaap Depreciation
Depreciation
2191 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1000000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
26455 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
27409 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
49600 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-10864 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13058 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-22126 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
22299 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4466 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3033 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-26925 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-26795 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-449844 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-58442 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
350000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
2663 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
525 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
347337 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-525 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-102507 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-58967 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135503 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
194470 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32996 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135503 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
2400 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
2400 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
4032 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1022 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
80180 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
28638 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
30180 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i><span style="text-decoration:underline">Reclassification</span></i></p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Certain prior period’s accounts have been reclassified in conformity with current period’s presentation. These reclassifications had no effect on the reported results of operations.</p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32996 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
135503 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i><span style="text-decoration:underline">Use of Estimates</span></i></p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of 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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The significant areas requiring the use of management estimates include, but are not limited to, the estimated useful life and residual value of property, plant and equipment, recognition and measurement of deferred income taxes and the valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to the consolidated financial statements.</p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1358751 usd
CY2021Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1224009 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
279836 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
279836 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
431 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5070 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63888 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3514 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
562 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1639018 usd
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1504407 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-7434217 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-444492 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-449844 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2276 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4190 usd
CY2022 us-gaap Depreciation
Depreciation
1914 usd
CY2021 us-gaap Depreciation
Depreciation
2191 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
60374 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26207 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34167 usd
CY2021Q3 fsnt Employment Agreement Annual Compensation
EmploymentAgreementAnnualCompensation
50000 usd
CY2022Q3 us-gaap Prepaid Taxes
PrepaidTaxes
12018 usd
CY2021Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22882 usd
CY2022Q3 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
0 usd
CY2017Q1 us-gaap Deposit Assets
DepositAssets
1325000 usd
CY2017Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-325000 usd
CY2017Q1 fsnt Consulting Agreement Refundable Amount
ConsultingAgreementRefundableAmount
1000000 usd
CY2018Q2 fsnt Number Of Mineral Locations
NumberOfMineralLocations
5 pure
CY2018Q2 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
1000000 usd
CY2018Q3 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
1000000 usd
CY2018Q3 fsnt Number Of Mineral Locations
NumberOfMineralLocations
5 pure
CY2021Q3 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
1000000 usd
CY2022Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
350000 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
4466 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4670 usd
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26796 usd
CY2022Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
4670 usd
CY2021Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
1720 usd
CY2021Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
9000 usd
CY2021Q3 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
16076 usd
CY2022Q3 fsnt Employment Agreement Annual Compensation
EmploymentAgreementAnnualCompensation
50000 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2230 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2316 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2404 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2496 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2591 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
94300 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
106337 usd
CY2022Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1360000 usd
CY2021Q2 fsnt Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate1
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate1
-0.21 pure
CY2021 fsnt Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate1
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate1
-0.21 pure
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0001 pure
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0012 pure
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0644 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0697 pure
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.2798 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.2807 pure
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0054 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0023 pure
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
200000 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
700000 usd
CY2021Q1 us-gaap Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
1000000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
26455 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
27409 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M1D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y3M
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04 pure
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001636051

Files In Submission

Name View Source Status
0001185185-22-001464-index-headers.html Edgar Link pending
0001185185-22-001464-index.html Edgar Link pending
0001185185-22-001464.txt Edgar Link pending
0001185185-22-001464-xbrl.zip Edgar Link pending
ex_455352.htm Edgar Link pending
ex_455353.htm Edgar Link pending
ex_455354.htm Edgar Link pending
ex_459677.htm Edgar Link pending
ex_459678.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
footer1.jpg Edgar Link pending
fsnt-20220930.xsd Edgar Link pending
fusegroup20220930_10k.htm Edgar Link pending
logo1.jpg 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
fsnt-20220930_cal.xml Edgar Link unprocessable
fsnt-20220930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
fsnt-20220930_def.xml Edgar Link unprocessable
fsnt-20220930_pre.xml Edgar Link unprocessable
fusegroup20220930_10k_htm.xml Edgar Link completed
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
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
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.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