2022 Q3 Form 10-K Financial Statement
#000149315222026689 Filed on September 23, 2022
Income Statement
Concept | 2022 Q3 | 2022 | 2021 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $224.6K | $1.138M | $296.6K |
YoY Change | -24.28% | -10.71% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.820K | $232.00 | $2.280K |
YoY Change | 23.68% | -89.55% | |
% of Gross Profit | |||
Operating Expenses | $227.4K | $1.138M | $298.9K |
YoY Change | -23.91% | -10.71% | |
Operating Profit | -$1.138M | ||
YoY Change | -10.71% | ||
Interest Expense | $91.03K | $447.6K | $30.25K |
YoY Change | 200.93% | 96.41% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$223.0K | ||
YoY Change | 23.6% | ||
Pretax Income | -$136.4K | -$1.360M | -$255.5K |
YoY Change | -46.63% | -6.85% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$136.4K | -$1.361M | -$255.5K |
YoY Change | -46.63% | -6.46% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.03 | ||
Diluted Earnings Per Share | -$3.080K | -$32.37K | -$6.608K |
COMMON SHARES | |||
Basic Shares Outstanding | 42.30M shares | 42.02M shares | |
Diluted Shares Outstanding | 42.02M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.050K | $0.00 | $11.44K |
YoY Change | -90.82% | -100.0% | |
Cash & Equivalents | $1.051K | $0.00 | $11.44K |
Short-Term Investments | |||
Other Short-Term Assets | $36.62K | $40.00K | $37.58K |
YoY Change | -2.55% | 0.0% | |
Inventory | |||
Prepaid Expenses | $36.62K | $37.58K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $37.67K | $40.00K | $49.02K |
YoY Change | -23.16% | -20.0% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $0.00 | $230.00 | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | $688.4K | $440.9K | |
YoY Change | 56.13% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $688.4K | $690.0K | $441.1K |
YoY Change | 56.04% | 56.82% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $37.67K | $40.00K | $49.02K |
Total Long-Term Assets | $688.4K | $690.0K | $441.1K |
Total Assets | $726.0K | $730.0K | $490.2K |
YoY Change | 48.12% | 48.98% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $119.7K | $390.0K | $332.6K |
YoY Change | -64.01% | 18.18% | |
Accrued Expenses | $1.909M | $1.910M | $1.264M |
YoY Change | 51.1% | 51.59% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $325.0K | $330.0K | $325.0K |
YoY Change | 0.0% | 0.0% | |
Long-Term Debt Due | $780.6K | $460.0K | $230.0K |
YoY Change | 239.39% | 100.0% | |
Total Short-Term Liabilities | $3.154M | $3.150M | $2.259M |
YoY Change | 39.58% | 39.38% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $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 | $3.154M | $3.150M | $2.259M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $3.154M | $3.150M | $2.259M |
YoY Change | 39.58% | 39.38% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$14.31M | -$12.95M | |
YoY Change | 10.51% | ||
Common Stock | $11.88M | $11.08M | |
YoY Change | 7.24% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.428M | -$2.430M | -$1.769M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $726.0K | $730.0K | $490.2K |
YoY Change | 48.12% | 48.98% |
Cashflow Statement
Concept | 2022 Q3 | 2022 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$136.4K | -$1.361M | -$255.5K |
YoY Change | -46.63% | -6.46% | |
Depreciation, Depletion And Amortization | $2.820K | $232.00 | $2.280K |
YoY Change | 23.68% | -89.55% | |
Cash From Operating Activities | -$40.71K | -$212.2K | -$66.45K |
YoY Change | -38.74% | -64.17% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$3.830K | -$30.00K | -$19.95K |
YoY Change | -80.8% | -50.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$3.830K | -$32.69K | -$19.95K |
YoY Change | -80.8% | -46.06% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 35.00K | $234.5K | 47.50K |
YoY Change | -26.32% | -60.0% | |
NET CHANGE | |||
Cash From Operating Activities | -40.71K | -$212.2K | -66.45K |
Cash From Investing Activities | -3.830K | -$32.69K | -19.95K |
Cash From Financing Activities | 35.00K | $234.5K | 47.50K |
Net Change In Cash | -9.540K | -$10.39K | -38.90K |
YoY Change | -75.48% | -84.4% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$40.71K | -$212.2K | -$66.45K |
Capital Expenditures | -$3.830K | -$30.00K | -$19.95K |
Free Cash Flow | -$36.88K | -$182.2K | -$46.50K |
YoY Change | -20.69% | -65.77% |
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|
100000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
700408 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1769285 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1361021 | usd |
CY2022 | HITC |
Receipt Of Cash Under Stock Subscription Agreement
ReceiptOfCashUnderStockSubscriptionAgreement
|
-25000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
25500 | usd |
CY2022 | HITC |
Stock Issued During Period Value New Issuance Of Shares And Settlement Of Stock Subscription
StockIssuedDuringPeriodValueNewIssuanceOfSharesAndSettlementOfStockSubscription
|
50000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
99905 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
552143 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2427758 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1361021 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1455025 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
11215 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
8571 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
473511 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
621776 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
25500 | usd |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
1690 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
374395 | usd |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
180000 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
224667 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
89669 | usd |
CY2021 | HITC |
Derivative Expense
DerivativeExpense
|
97201 | usd |
CY2021 | HITC |
Debt Forgiveness
DebtForgiveness
|
41931 | usd |
CY2021 | HITC |
Lawsuit Settlements
LawsuitSettlements
|
13110 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-959 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-9363 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
11431 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
18933 | usd |
CY2022 | HITC |
Accounts Payables And Accrued Expense Related Party
AccountsPayablesAndAccruedExpenseRelatedParty
|
323400 | usd |
CY2021 | HITC |
Accounts Payables And Accrued Expense Related Party
AccountsPayablesAndAccruedExpenseRelatedParty
|
50150 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
153100 | usd |
CY2021 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
19859 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-212177 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-592192 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
32690 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
60608 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-32690 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-60608 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
255000 | usd |
CY2022 | HITC |
Proceeds From Common Stock Subscriptions
ProceedsFromCommonStockSubscriptions
|
25000 | usd |
CY2021 | HITC |
Proceeds From Common Stock Subscriptions
ProceedsFromCommonStockSubscriptions
|
100000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
504000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
300700 | usd |
CY2022 | HITC |
Repayments Of Short Term Debt Excluding Related Party Debt
RepaymentsOfShortTermDebtExcludingRelatedPartyDebt
|
360000 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
213600 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
26127 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
148125 | usd |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
95656 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
234475 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
586171 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-10392 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-66629 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
11443 | usd |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
78072 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1051 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
11443 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
51180 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
17806 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
147117 | usd |
CY2021 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
271340 | usd |
CY2022 | HITC |
Capital Expenditures From Stockbased Compensation
CapitalExpendituresFromStockbasedCompensation
|
78632 | usd |
CY2021 | HITC |
Capital Expenditures From Stockbased Compensation
CapitalExpendituresFromStockbasedCompensation
|
78632 | usd |
CY2022 | HITC |
Derivative Liability Recorded As Debt Discount
DerivativeLiabilityRecordedAsDebtDiscount
|
192886 | usd |
CY2021 | HITC |
Derivative Liability Recorded As Debt Discount
DerivativeLiabilityRecordedAsDebtDiscount
|
100700 | usd |
CY2022 | HITC |
Issuance Of Warrants With Debt Recorded As Debt Discount
IssuanceOfWarrantsWithDebtRecordedAsDebtDiscount
|
99905 | usd |
CY2021 | HITC |
Capital Expenditures Included In Accounts Payable And Accrued Expenses
CapitalExpendituresIncludedInAccountsPayableAndAccruedExpenses
|
2710 | usd |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
200000 | usd |
CY2021 | HITC |
Issuance Of Common Stock For Payment Of Convertible Debt
IssuanceOfCommonStockForPaymentOfConvertibleDebt
|
275000 | usd |
CY2021 | HITC |
Issuance Of Common Stock For Payment Of Items Included In Accounts Payable And Accrued Expenses
IssuanceOfCommonStockForPaymentOfItemsIncludedInAccountsPayableAndAccruedExpenses
|
45841 | usd |
CY2021 | HITC |
Issuance Of Debt For Purchase And Cancellation Of Shares
IssuanceOfDebtForPurchaseAndCancellationOfShares
|
50000 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8923 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8923 | usd |
CY2021Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8691 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
232 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1361021 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
89669 | usd |
CY2022Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
76451 | usd |
CY2021Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
108232 | usd |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_84A_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zLH9IdQyOdxi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86F_z2XinZSgIYWf">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior period amounts have been reclassified to conform to current period presentation with no changes to previously reported net loss or stockholders’ deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_ztqSvlQJJDOg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_zjzQ9EzcwjZd">Risk and Uncertainties</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Factors that could affect our future operating results and cause actual results to vary materially from management’s expectation include, but are not limited to: our ability to maintain and secure adequate capital to fund our operations and fully develop our product(s); our ability to source strong opportunities with sufficient risk adjusted returns; acceptance of the terms and conditions of our licenses and/or the acceptance of our royalties and fees; the nature and extent of competition from other companies that may reduce market share and create pressure on pricing and investment return expectations; changes in the projects in which we plan to invest which result from factors beyond our control, including, but not limited to, a change in circumstances, capacity and economic impacts; changes in laws, regulations, accounting, taxation, and other requirements affecting our operations and business. Negative developments in these or other risk factors could have a significant adverse effect on our financial position, results of operations and cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on the Company’s future financial condition, liquidity, and results of operations. Management is actively monitoring the impact of the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_849_eus-gaap--UseOfEstimates_znzmsbyJ4eme" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86C_zUqTCL8XkW04">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. We base our estimates on experience and various other assumptions that are believed to be reasonable under the circumstances. We evaluate our estimates and assumptions on a regular basis and actual results may differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022 | us-gaap |
Depreciation
Depreciation
|
232 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
2221 | usd |
CY2022Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
202973 | usd |
CY2021Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
191542 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
267765 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
7256 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
6890 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
6890 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
6890 | usd |
CY2022Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
76451 | usd |
CY2021Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
108232 | usd |
CY2021Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
202290 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
373550 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
36535 | usd |
CY2021 | us-gaap |
Advertising Expense
AdvertisingExpense
|
5297 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
6890 | usd |
CY2021Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
50150 | usd |
CY2022Q3 | HITC |
Accounts Payable And Accrued Expenses Related Party
AccountsPayableAndAccruedExpensesRelatedParty
|
641315 | usd |
CY2021Q3 | HITC |
Accounts Payable And Accrued Expenses Related Party
AccountsPayableAndAccruedExpensesRelatedParty
|
252440 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8923 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-17333 | usd |
CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-6350 | usd |
CY2022Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
688353 | usd |
CY2021Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
440897 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10983 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
6350 | usd |
CY2022 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P19Y | |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
94434 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
129250 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
119725 | usd |
CY2021Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
130340 | usd |
CY2022Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
83248 | usd |
CY2021Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
61202 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
844288 | usd |
CY2021Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
443982 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
224667 | usd |
CY2022Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
1440364 | usd |
CY2021Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
1140148 | usd |
CY2022Q3 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
12070 | usd |
CY2021Q3 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
12070 | usd |
CY2022Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1452434 | usd |
CY2021Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1152218 | usd |
CY2022Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
975000 | usd |
CY2021Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
735000 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
194395 | usd |
CY2021Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
180000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
780605 | usd |
CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
555000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
147085 | usd |
CY2021Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
108232 | usd |
CY2022 | HITC |
Derivative Liability On Issuance Of Note
DerivativeLiabilityOnIssuanceOfNote
|
192886 | usd |
CY2021 | HITC |
Derivative Liability On Issuance Of Note
DerivativeLiabilityOnIssuanceOfNote
|
197901 | usd |
CY2022Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
76451 | usd |
CY2021Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
108232 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
224667 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
89669 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-238994 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-305555 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
750 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
115950 | usd |
CY2022 | HITC |
Income Tax Reconciliation Derivatives
IncomeTaxReconciliationDerivatives
|
-31443 | usd |
CY2021 | HITC |
Income Tax Reconciliation Derivatives
IncomeTaxReconciliationDerivatives
|
-12155 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
91095 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
144992 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
506 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
573 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
773851 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
682756 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
773851 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
682756 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
3590000 | usd |
CY2022 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
expiring in fiscal 2037 | |
CY2022Q3 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2021Q3 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2022Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2021Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2022Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
267765 | usd |
CY2021Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
202290 | usd |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
42304673 | shares |
CY2021Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40118007 | shares |
CY2021Q3 | HITC |
Stock Subscription Receivables
StockSubscriptionReceivables
|
-100000 | usd |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
2.7161 | pure |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y3M | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0020 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
200000 | shares |
CY2020Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
300000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
100000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
100000 | shares |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
100000 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
200000 | shares |