$GEVI
General Enterprise Ventures, Inc.

2023 Q3 Form 10-Q Financial Statement

#000164033423001591 Filed on August 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $174.7K $28.36K $41.47K
YoY Change 817.93% -31.62%
Cost Of Revenue $39.88K $4.893K $0.00
YoY Change 2118.19%
Gross Profit $134.8K $23.46K $41.47K
YoY Change 682.29% -43.42%
Gross Profit Margin 77.17% 82.74% 100.0%
Selling, General & Admin $9.156M $378.7K $2.360M
YoY Change 2815.11% -83.96% 22973.41%
% of Gross Profit 6790.98% 1613.97% 5692.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $340.00 $267.00 $135.00
YoY Change 157.58% 97.78%
% of Gross Profit 0.25% 1.14% 0.33%
Operating Expenses $9.156M $378.9K $2.361M
YoY Change 2813.87% -83.95%
Operating Profit -$9.021M -$355.5K -$2.319M
YoY Change 2937.57% -84.67%
Interest Expense $1.760K $584.00 $0.00
YoY Change 2215.79% -100.0%
% of Operating Profit
Other Income/Expense, Net -$1.760K -$584.00 $0.00
YoY Change 2215.79% -100.0%
Pretax Income -$9.023M -$356.1K -$2.319M
YoY Change 2937.38% -84.65% 442471.18%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$9.023M -$356.1K -$2.321M
YoY Change 2937.38% -84.66% 3542.26%
Net Earnings / Revenue -5164.56% -1255.72% -5597.34%
Basic Earnings Per Share $0.00 -$0.06
Diluted Earnings Per Share -$0.09 $0.00 -$0.06
COMMON SHARES
Basic Shares Outstanding 97.55M shares 97.25M shares 22.95M shares
Diluted Shares Outstanding 97.55M shares 113.5M shares 37.75M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $565.9K $86.14K $102.3K
YoY Change 890.15% -15.76% 2418.47%
Cash & Equivalents $565.9K $86.14K $102.3K
Short-Term Investments
Other Short-Term Assets $14.83K $20.34K
YoY Change
Inventory $184.7K $103.7K $114.4K
Prepaid Expenses $14.83K $20.34K
Receivables $182.3K
Other Receivables $0.00
Total Short-Term Assets $947.7K $210.2K $216.7K
YoY Change 452.38% -2.98% 5240.52%
LONG-TERM ASSETS
Property, Plant & Equipment $5.907K $4.016K $2.572K
YoY Change 16.21% 56.14%
Goodwill
YoY Change
Intangibles $4.195M
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $4.350M $4.209M $4.266M
YoY Change 2.13% -1.33%
TOTAL ASSETS
Total Short-Term Assets $947.7K $210.2K $216.7K
Total Long-Term Assets $4.350M $4.209M $4.266M
Total Assets $5.298M $4.420M $4.483M
YoY Change 19.57% -1.41% 110389.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.16K $34.15K $15.13K
YoY Change 37.49% 125.71% 2809.62%
Accrued Expenses $78.25K $9.980K $9.980K
YoY Change 45.55% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $120.0K $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $54.00K $54.00K
YoY Change 54.29%
Total Short-Term Liabilities $1.722M $1.454M $518.9K
YoY Change 109.4% 180.22% 572.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $70.92K $57.98K
YoY Change
Total Long-Term Liabilities $70.92K $0.00 $57.98K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.722M $1.454M $518.9K
Total Long-Term Liabilities $70.92K $0.00 $57.98K
Total Liabilities $1.793M $1.454M $576.9K
YoY Change 118.03% 152.05% 647.88%
SHAREHOLDERS EQUITY
Retained Earnings -$69.11M -$60.09M -$58.82M
YoY Change 16.9% 2.15% 4.22%
Common Stock $9.755K $93.95K
YoY Change -89.62% 309.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.505M $2.965M $3.906M
YoY Change
Total Liabilities & Shareholders Equity $5.298M $4.420M $4.483M
YoY Change 19.57% -1.41% 110389.3%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$9.023M -$356.1K -$2.321M
YoY Change 2937.38% -84.66% 3542.26%
Depreciation, Depletion And Amortization $340.00 $267.00 $135.00
YoY Change 157.58% 97.78%
Cash From Operating Activities -$396.1K -$247.0K -$307.8K
YoY Change 70.37% -19.76% 2358.39%
INVESTING ACTIVITIES
Capital Expenditures $2.230K $0.00 $2.710K
YoY Change -15.53% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.230K $0.00 -$2.710K
YoY Change -15.53% -100.0% -119.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 878.0K 269.6K 366.1K
YoY Change 362.11% -26.35% 14543.2%
NET CHANGE
Cash From Operating Activities -396.1K -247.0K -307.8K
Cash From Investing Activities -2.230K 0.000 -2.710K
Cash From Financing Activities 878.0K 269.6K 366.1K
Net Change In Cash 479.7K 22.62K 55.58K
YoY Change -1163.68% -59.3% 1268.97%
FREE CASH FLOW
Cash From Operating Activities -$396.1K -$247.0K -$307.8K
Capital Expenditures $2.230K $0.00 $2.710K
Free Cash Flow -$398.3K -$247.0K -$310.5K
YoY Change 69.41% -20.46%

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us-gaap Profit Loss
ProfitLoss
-709669 usd
us-gaap Profit Loss
ProfitLoss
-2350853 usd
us-gaap Share Based Compensation
ShareBasedCompensation
146850 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2100000 usd
general Finite Lived Intangible Assets Digital Currency Translation Gain Loss
FiniteLivedIntangibleAssetsDigitalCurrencyTranslationGainLoss
0 usd
general Finite Lived Intangible Assets Digital Currency Translation Gain Loss
FiniteLivedIntangibleAssetsDigitalCurrencyTranslationGainLoss
2029 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
6125 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
30000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
14647 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
531 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
15194 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10909 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-114413 usd
general Increase Decrease In Digital Currency
IncreaseDecreaseInDigitalCurrency
0 usd
general Increase Decrease In Digital Currency
IncreaseDecreaseInDigitalCurrency
374 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-20099 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 usd
general Increase Decrease In Related Party Advances Funding Operating Expense
IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense
200836 usd
general Increase Decrease In Related Party Advances Funding Operating Expense
IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense
58231 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-53248 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4392 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-30000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-10000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-423890 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-274274 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2707 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2707 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
275000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
429484 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
55720 usd
general Proceeds From Stock Subscription
ProceedsFromStockSubscription
179600 usd
general Proceeds From Stock Subscription
ProceedsFromStockSubscription
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
454600 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
373764 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
30710 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
96783 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55434 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5469 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86144 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102252 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
general Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
146850 usd
general Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
70000 usd
general Stock Issued During Period Shares Acquisition
StockIssuedDuringPeriodSharesAcquisition
0 usd
general Stock Issued During Period Shares Acquisition
StockIssuedDuringPeriodSharesAcquisition
4200000 usd
general Ommon Stock Issued Upon Conversion
OmmonStockIssuedUponConversion
300 usd
general Ommon Stock Issued Upon Conversion
OmmonStockIssuedUponConversion
100 usd
general Debt Forgiveness Related Party
DebtForgivenessRelatedParty
9355 shares
general Due To Related Party To Convertible Note
DueToRelatedPartyToConvertibleNote
19000 usd
general Due To Related Party To Convertible Note
DueToRelatedPartyToConvertibleNote
0 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Note 1 – Nature of Operations and Going Concern</strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">General Enterprise Ventures, Inc., (the “Company” or “GEVI”), was originally incorporated under the laws of the State of Nevada on March 14, 1990.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong><em>Business</em></strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">We are a fully integrated technology company structured to provide mergers and acquisitions of new and available technology. Through our services, we incubate first-to-market products and help existing companies accelerate their product development within all regulatory requirements.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px"><strong>Going Concern</strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">The accompanying unaudited interim consolidated financial statements have been prepared (i) in accordance with accounting principles generally accepted in the United States, and (ii) assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated significant income to date. The Company is subject to the risks and uncertainties associated with a business with no substantive revenue, as well as limitations on its operating capital resources. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. In light of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s ability to raise capital and generate revenue and profits in the future.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;font-family:times new roman;margin:0px">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</p>
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86144 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55434 usd
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
70000000 usd
general Property Plant And Equipment Useful Lifes
PropertyPlantAndEquipmentUsefulLifes
P5Y
CY2023Q2 general Convertible Notes Payable1
ConvertibleNotesPayable1
300000 usd
CY2022Q2 general Convertible Notes Payable1
ConvertibleNotesPayable1
105556 usd
CY2023Q2 us-gaap Convertible Debt
ConvertibleDebt
54000 usd
CY2023Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
5350 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
5350 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1334 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
803 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4016 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4547 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
531 usd
CY2023Q2 general Digital Asset Machines
DigitalAssetMachines
15059 usd
CY2022Q2 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
1000000 shares
CY2022Q2 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.10 pure
CY2023Q2 general Intellectual Property
IntellectualProperty
4195353 usd
CY2023Q2 general Series C Convertible Preferred Stock Shares
SeriesCConvertiblePreferredStockShares
1000000 shares
general Fair Value Of Series C Convertible Preferred Stock Capitalilized During Period
FairValueOfSeriesCConvertiblePreferredStockCapitalilizedDuringPeriod
4200000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
54000 usd
CY2023Q2 general Long Term Debt And Capital Lease Obligations Including Non Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingNonCurrentMaturities
0 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
general Scheduleofright Of Use Asset And Lease Information Tabletextblock
ScheduleofrightOfUseAssetAndLeaseInformationTabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Six Months Ended</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">June 30,</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">2023</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Lease cost:</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Operating lease cost</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">30,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Other information:</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Cash paid for operating cash flows from operating leases</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">30,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Right -of-use assets obtained upon acquisition</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">81,967</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Weighted-average remaining lease term - operating leases (year)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.17</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Weighted-average discount rate — operating leases</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.50</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr></tbody></table>
us-gaap Operating Lease Cost
OperatingLeaseCost
30000 usd
general Cash Paid For Operating Cash Flows From Operating Leases
CashPaidForOperatingCashFlowsFromOperatingLeases
30000 usd
general Right Of Use Assets Obtained Upon Acquisition
RightOfUseAssetsObtainedUponAcquisition
81967 usd
general Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
P0Y2M1D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0550 pure
CY2023Q2 general Operating Leases Of Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesOfFutureMinimumPaymentsRemainderOfFiscalYear
10000 usd
CY2023Q2 general Operating Leases Of Future Minimum Payments Due Thereafter
OperatingLeasesOfFutureMinimumPaymentsDueThereafter
0 usd
CY2023Q2 general Operating Leases Of Future Minimum Payments Due
OperatingLeasesOfFutureMinimumPaymentsDue
10000 usd
CY2023Q2 general Less Imputed Interest
LessImputedInterest
-23 usd
CY2023Q2 general Operating Lease Liability Current1
OperatingLeaseLiabilityCurrent1
9977 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
2100000 usd
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
600000 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
146850 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
97545388 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
93945388 shares
CY2022Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
70000000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
70000000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.03
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
general Share Based Compensation Arrangements By Share Based Payment Award Options Vested In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageExercisePrice
0
general Share Based Compensation Arrangements By Share Based Payment Award Options Forfeited In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeitedInPeriodWeightedAverageExercisePrice
0
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
70000000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.03
general Subscriptions Received
SubscriptionsReceived
179600 usd
general Convertible Preferred Stock
ConvertiblePreferredStock
74833 shares
general Recognized Of Additional Paid In Capital
RecognizedOfAdditionalPaidInCapital
9355 usd
CY2023Q2 us-gaap Loans Payable
LoansPayable
301175 usd
CY2023Q2 general Digital Assets Equipment Book Value
DigitalAssetsEquipmentBookValue
276379 usd
CY2023Q2 general Digital Currency Itangible Assets
DigitalCurrencyItangibleAssets
26825 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2030 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
19000 usd
general Repayment Of Loan
RepaymentOfLoan
0 usd
general Repayment Of Loan
RepaymentOfLoan
55720 usd
general Repayments Of Consulting Fee
RepaymentsOfConsultingFee
104000 usd
general Repayments Of Consulting Fee
RepaymentsOfConsultingFee
0 usd
us-gaap Payments For Commissions
PaymentsForCommissions
80000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
0 usd
CY2023Q2 general Related Party Transaction To Related Party
RelatedPartyTransactionToRelatedParty
1355989 usd
CY2022Q4 general Related Party Transaction To Related Party
RelatedPartyTransactionToRelatedParty
899153 usd
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
300000000000 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
150000000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
150000000000 shares
CY2023Q2 general Description Of Lease Agreement
DescriptionOfLeaseAgreement
The Company entered into an amendment to lease agreement by extension the period from August 1, 2023, for two years and increased the monthly lease to $5,200 for first year and $5,400 for second year

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R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
general-20230630_def.xml Edgar Link unprocessable
general-20230630_lab.xml Edgar Link unprocessable
general-20230630_pre.xml Edgar Link unprocessable
general_10q_htm.xml Edgar Link completed
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
general-20230630_cal.xml Edgar Link unprocessable