$FUST
FUSE GROUP HOLDING INC.

2023 Form 10-K Financial Statement

#000118518523001351 Filed on December 27, 2023

View on sec.gov

Income Statement

Concept 2023 2022
Revenue $0.00 $200.0K
YoY Change -100.0% -71.43%
Cost Of Revenue $0.00 $10.02K
YoY Change -100.0% -87.65%
Gross Profit $0.00 $190.0K
YoY Change -100.0% -69.3%
Gross Profit Margin 94.99%
Selling, General & Admin $455.1K $623.6K
YoY Change -27.02% -8.92%
% of Gross Profit 328.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.821K $1.914K
YoY Change -4.86% -12.6%
% of Gross Profit 1.01%
Operating Expenses $455.1K $623.6K
YoY Change -27.02% -62.98%
Operating Profit -$455.1K -$433.7K
YoY Change 4.95% -59.31%
Interest Expense $17.28K $8.498K
YoY Change 103.38% -309.83%
% of Operating Profit
Other Income/Expense, Net -$17.28K -$8.438K
YoY Change 104.82% 554.11%
Pretax Income -$472.4K -$442.1K
YoY Change 6.86% -56.72%
Income Tax $2.400K $2.400K
% Of Pretax Income
Net Earnings -$474.8K -$444.5K
YoY Change 6.82% -56.59%
Net Earnings / Revenue -222.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$6.862K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.59K $33.00K
YoY Change -19.42% -75.65%
Cash & Equivalents $26.59K $33.00K
Short-Term Investments
Other Short-Term Assets $12.67K $12.02K
YoY Change 5.41% -47.47%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $39.26K $45.01K
YoY Change -12.77% -71.58%
LONG-TERM ASSETS
Property, Plant & Equipment $32.95K $61.11K
YoY Change -46.08% 818.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $32.95K $61.12K
YoY Change -46.09% 820.48%
TOTAL ASSETS
Total Short-Term Assets $39.26K $45.01K
Total Long-Term Assets $32.95K $61.12K
Total Assets $72.21K $106.1K
YoY Change -31.96% -35.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $29.51K $30.67K
YoY Change -3.78% 586.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.940K $2.230K
YoY Change -13.0% -16.17%
Total Short-Term Liabilities $93.13K $37.57K
YoY Change 147.88% 10.76%
LONG-TERM LIABILITIES
Long-Term Debt $151.8K $454.1K
YoY Change -66.57% 327.04%
Other Long-Term Liabilities $5.040K $34.17K
YoY Change -85.25%
Total Long-Term Liabilities $156.8K $488.3K
YoY Change -67.88% 359.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.13K $37.57K
Total Long-Term Liabilities $156.8K $488.3K
Total Liabilities $250.0K $525.9K
YoY Change -52.47% 274.91%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$177.8K -$419.7K
YoY Change
Total Liabilities & Shareholders Equity $72.21K $106.1K
YoY Change -31.96% -35.69%

Cashflow Statement

Concept 2023 2022
OPERATING ACTIVITIES
Net Income -$474.8K -$444.5K
YoY Change 6.82% -56.59%
Depreciation, Depletion And Amortization $1.821K $1.914K
YoY Change -4.86% -12.6%
Cash From Operating Activities -$439.8K -$449.8K
YoY Change -2.24% 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 $2.611K $2.663K
YoY Change -1.95%
Cash From Financing Activities $433.4K $347.3K
YoY Change 24.77% -65635.28%
NET CHANGE
Cash From Operating Activities -$439.8K -$449.8K
Cash From Investing Activities
Cash From Financing Activities $433.4K $347.3K
Net Change In Cash -$6.408K -$102.5K
YoY Change -93.75% 73.83%
FREE CASH FLOW
Cash From Operating Activities -$439.8K -$449.8K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023 dei Entity Registrant Name
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FUSE GROUP HOLDING INC
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CY2023 dei Entity Tax Identification Number
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<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;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>
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CY2023Q3 us-gaap Convertible Debt
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CY2022Q3 us-gaap Convertible Debt
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CY2023Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
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0.03 pure
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CY2023Q2 us-gaap Debt Instrument Convertible Conversion Price1
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CY2023Q3 us-gaap Interest Payable Current And Noncurrent
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CY2022Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
350000 usd
CY2022Q3 us-gaap Interest Payable Current And Noncurrent
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CY2023Q3 us-gaap Other Liabilities Current
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CY2022Q3 us-gaap Other Liabilities Current
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CY2023Q3 us-gaap Accrued Salaries Current And Noncurrent
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CY2022Q3 us-gaap Accrued Salaries Current And Noncurrent
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CY2023 fsnt Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate1
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CY2022 fsnt Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate1
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
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CY2023Q3 us-gaap Long Term Debt
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CY2023 us-gaap Proceeds From Related Party Debt
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35973 usd
CY2023Q3 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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279836 usd
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0054 pure
CY2023 us-gaap Deferred Revenue Revenue Recognized1
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0 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
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200000 usd
CY2021Q1 us-gaap Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
1000000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
28772 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
26455 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M1D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M1D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30180 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5070 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35250 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1084 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
34166 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29128 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5038 usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001636051

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ex_598582.htm Edgar Link pending
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