2023 Q2 Form 10-Q Financial Statement
#000149315223017075 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $155.00 | $3.261K | $1.270K |
YoY Change | -67.57% | 156.77% | -81.02% |
Cost Of Revenue | $76.95K | $128.3K | $6.990K |
YoY Change | -31.23% | 1735.82% | 78.32% |
Gross Profit | -$76.80K | -$125.1K | -$5.720K |
YoY Change | -31.07% | 2086.42% | -306.5% |
Gross Profit Margin | -49547.74% | -3835.11% | -450.39% |
Selling, General & Admin | $258.7K | $245.6K | $471.0K |
YoY Change | -40.28% | -47.87% | 367.13% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $540.00 | $540.00 | $1.030K |
YoY Change | -47.42% | -47.57% | 90.74% |
% of Gross Profit | |||
Operating Expenses | $259.2K | $246.1K | $472.0K |
YoY Change | -40.3% | -47.87% | 365.66% |
Operating Profit | -$336.0K | -$371.2K | -$477.8K |
YoY Change | -38.42% | -22.31% | 384.54% |
Interest Expense | $0.00 | ||
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$25.00 | $12.09K | |
YoY Change | -99.98% | ||
Pretax Income | -$336.1K | -$371.2K | -$467.1K |
YoY Change | -52.71% | -20.54% | -456.11% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$336.0K | -$371.2K | -$467.1K |
YoY Change | -52.71% | -20.54% | -456.11% |
Net Earnings / Revenue | -216803.23% | -11381.48% | -36779.92% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | -$4.512K | |
COMMON SHARES | |||
Basic Shares Outstanding | 113.9M shares | 112.4M shares | 103.5M shares |
Diluted Shares Outstanding | 115.4M shares | 113.1M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $295.1K | $600.4K | $1.917M |
YoY Change | -81.0% | -68.68% | 118228.4% |
Cash & Equivalents | $295.1K | $600.4K | $1.917M |
Short-Term Investments | |||
Other Short-Term Assets | $2.370K | $15.63K | $26.80K |
YoY Change | -90.04% | -41.68% | |
Inventory | |||
Prepaid Expenses | $2.370K | $15.63K | |
Receivables | $16.50K | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $314.0K | $616.1K | $1.944M |
YoY Change | -80.09% | -68.31% | 119882.72% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $478.00 | $1.018K | $4.640K |
YoY Change | -86.77% | -78.06% | -13.11% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $113.6K | $113.6K | $279.6K |
YoY Change | 2.86% | -59.38% | |
Total Long-Term Assets | $114.2K | $115.1K | $284.2K |
YoY Change | 0.13% | -59.52% | 5222.85% |
TOTAL ASSETS | |||
Total Short-Term Assets | $314.0K | $616.1K | $1.944M |
Total Long-Term Assets | $114.2K | $115.1K | $284.2K |
Total Assets | $428.2K | $731.1K | $2.228M |
YoY Change | -74.68% | -67.18% | 31910.92% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $376.2K | $395.5K | $273.3K |
YoY Change | -15.78% | 44.71% | 58.05% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $376.2K | $395.5K | $273.3K |
YoY Change | -15.78% | 44.71% | -92.2% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $376.2K | $395.5K | $273.3K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $376.2K | $395.5K | $273.3K |
YoY Change | -15.78% | 44.71% | -92.2% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$10.45M | -$10.12M | $8.106M |
YoY Change | 18.57% | -224.82% | |
Common Stock | $115.4K | $113.1K | |
YoY Change | 11.43% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $51.93K | $335.6K | $1.955M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $428.2K | $731.1K | $2.228M |
YoY Change | -74.68% | -67.18% | 31910.92% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$336.0K | -$371.2K | -$467.1K |
YoY Change | -52.71% | -20.54% | -456.11% |
Depreciation, Depletion And Amortization | $540.00 | $540.00 | $1.030K |
YoY Change | -47.42% | -47.57% | 90.74% |
Cash From Operating Activities | -$307.5K | -$333.2K | -$519.9K |
YoY Change | -16.48% | -35.92% | 478.13% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $20.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$460.00 | $36.72K |
YoY Change | -100.0% | -101.25% | |
Cash From Investing Activities | -$10.00 | -$495.00 | $35.49K |
YoY Change | -100.24% | -101.39% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.220K | $2.219K | -6.630K |
YoY Change | -133.47% | -107.43% | |
NET CHANGE | |||
Cash From Operating Activities | -307.5K | -$333.2K | -519.9K |
Cash From Investing Activities | -10.00 | -$495.00 | 35.49K |
Cash From Financing Activities | 2.220K | $2.219K | -6.630K |
Net Change In Cash | -305.3K | -$331.4K | -491.1K |
YoY Change | -16.13% | -32.5% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$307.5K | -$333.2K | -$519.9K |
Capital Expenditures | $20.00 | ||
Free Cash Flow | -$307.6K | -$333.2K | -$519.9K |
YoY Change | -16.47% | -35.92% | 478.13% |
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|
1200 | usd |
CY2022Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
45800 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
540 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1028 | usd |
CY2023Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
203988 | usd |
CY2022Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
242956 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
246087 | usd |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
472042 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-371150 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-477769 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
12090 | usd |
CY2022Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1426 | usd |
CY2022Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
10664 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-371150 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-467105 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
113142559 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
103526044 | shares |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-371150 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-467105 | usd |
CY2023Q1 | GMER |
Due From Related Party Expense
DueFromRelatedPartyExpense
|
450 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
540 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1028 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
74927 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
12090 | usd |
CY2022Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1426 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
6145 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
17466 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
|
-30880 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
|
-25703 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-333158 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-519909 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
39 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1236 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
34767 | usd |
CY2023Q1 | GMER |
Reclass Of Intangible Assets
ReclassOfIntangibleAssets
|
-456 | usd |
CY2022Q1 | GMER |
Reclass Of Intangible Assets
ReclassOfIntangibleAssets
|
1955 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-495 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
35486 | usd |
CY2023Q1 | GMER |
Payments For Class Stock Preffered Stock
PaymentsForClassStockPrefferedStock
|
-2219 | usd |
CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
6628 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2219 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6628 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-331435 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-491051 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
931868 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2407966 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
600433 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1916915 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
629610 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
77146 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-371150 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
335607 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2421752 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-467105 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1954647 | usd |
CY2023Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80D_eus-gaap--NatureOfOperations_zLdLl5SviV9e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_82C_zyjXOtqvK211">Nature of Operations and Continuance of Business</span></b> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Good Gaming, Inc. (Formerly HDS International Corp.) (the “Company”) was incorporated on November 3, 2008, under the laws of the State of Nevada. The Company is a leading tournament gaming platform and online destination targeting over 250 million Esports players and participants worldwide that want to compete at the high school or college level. A substantial portion of the Company’s activities has involved developing a business plan and establishing contacts and visibility in the marketplace and the Company has not generated any substantial revenue to date. Beginning in 2018, the Company began deriving revenue by providing transaction verification services within the digital currency networks of cryptocurrencies. However, on December 12, 2018, the Company discontinued such transaction verification services by dissolving Crypto Strategies Group, Inc., its wholly-owned subsidiary. In 2021, the Company formulated a new plan to create a new game called “MicroBuddies™” that combines Ethereum ERC721 NFTs (Non-fungible tokens), non-standard ERC20 tokens (GOO™), and strategic gameplay to replicate and create unique and rare NFTs. The game is played online via the MicroBuddies website and blockchain transactions take place on the Polygon Network. The game was launched after beta testing in December of 2021. 2022 was a year of growth for our Company. In response to the crypto winter that began in early 2022 and continues today, the Company launched a series of new business development strategies. In mid-2022, the Company launched beta versions of its Minecraft Super Craft Brothers Brawl (“SCBB”) franchise on the Roblox platform. In 2023, the Company plans to launch the full game version of SCBB on Roblox after a great deal of feedback from the community. In late 2022, the Company also launched the beta version of “Treasure Island ‘‘; a Microbuddies themed Simulator game on Roblox. In 2023, the Company will also launch a full game version of Treasure Island after receiving a substantial amount of community feedback from the beta version launch. The company has announced two initiatives for the Roblox™ platform for 2023. The Company will focus on publishing games for the “All Ages” segment on Roblox. The Company also announced the “Extreme” themed game segment. These titles will focus on offering a great deal of challenge to more advanced Roblox™ players. In 2023, the Company will return to its roots by hosting on-platform gaming tournaments on the Roblox™ platforms. Our gaming tournaments will usher in the beginning of our advertising and sponsorship efforts on the platform. More to come on this initiative in the near future.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Minecraft™ vertical, the Company has all new and updated versions of their SCBB titles and Prison games in production with our development partnership with Meraki Studios.. Meraki Studios is considered one of the top Minecraft™ design studios in the world. Our new releases will feature the most up to date versions of the Minecraft™ software (v1.19) which will enable new and exciting gameplay and revenue generating opportunities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As mentioned above, 2023 will be a year of multi-faceted business development for the Company. In 2023, the Company signed its first publishing agreement with a popular Roblox™ creator to develop and publish Roblox™ titles based on their intellectual properties. The Company plans to continue signing agreements with well established creators to bring their properties to Roblox™ and other platforms as part of the publishing effort. In addition to Roblox™, Minecraft™ and WEB3, the Company is researching other platforms for our gaming products. The Company plans to announce new initiatives throughout 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Going Concern</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has generated minimal revenues to date and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. As of March 31, 2023, the Company had a working capital of $<span id="xdx_90D_ecustom--WorkingCapital_iI_c20230331_z3of0f0wJZ12" title="Working capital">220,553</span> and accumulated deficit of $<span id="xdx_908_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_di_c20230331_z4FMYgKz0C6h" title="Accumulated deficit">10,118,010</span> compared to $<span id="xdx_903_ecustom--WorkingCapital_iI_c20220331_ztjJ45vvxvm2" title="Working capital">838,384</span> and $<span id="xdx_90A_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_c20220331_zUZYJTFfsny1">8,106,064</span> during the quarter ended March 31, 2022. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company’s future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | GMER |
Working Capital
WorkingCapital
|
220553 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-10118010 | usd |
CY2022Q1 | GMER |
Working Capital
WorkingCapital
|
838384 | usd |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
8106064 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_zvVj2XPIzKda" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zCMgntOCQubj">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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 period. The Company regularly evaluates estimates and assumptions related to the fair values of convertible debentures, derivative liability, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that 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 and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain reclassifications have been made to prior-year amounts to conform to the current period presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P5Y | |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10000000 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10000000 | shares |
CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.35 | pure |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2023Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
34102 | usd |
CY2022Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
113226 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
22285 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
21217 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
21267 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
16576 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1018 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4641 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
540 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
1028 | usd |
CY2023Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
113586 | usd |
CY2022Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
279605 | usd |
CY2022Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1426 | usd |
CY2021Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
1065760 | usd |
CY2022 | GMER |
Derivative Gain Loss On Derivatives Net
DerivativeGainLossOnDerivativesNet
|
-1065760 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q1 | us-gaap |
Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
|
If all of our Series A, B and E Preferred Stock are converted into shares of common stock, the number of issued and outstanding shares of our common stock will increase by 61,672,201 shares | |
CY2023Q1 | us-gaap |
Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
|
61672201 | |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
5339247 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1121242 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
769450 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1121242 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
769450 | usd |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023Q1 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
77941 | usd |
CY2022Q1 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
98092 | usd |
CY2023Q1 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
77941 | usd |
CY2022Q1 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
98092 | usd |