2024 Q1 Form 10-K Financial Statement

#000182912624001597 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $38.00K $37.91K $113.4K
YoY Change 7500.0% 152.73% 656.09%
Cost Of Revenue
YoY Change
Gross Profit $38.00K $113.4K
YoY Change 7500.0% 656.09%
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $72.85K $95.26K $415.1K
YoY Change -42.79% -9.16% 14.26%
% of Gross Profit 191.71% 365.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.212K $3.230K $13.23K
YoY Change -82.12% -19.65% 107.84%
% of Gross Profit 3.19% 11.67%
Operating Expenses $72.85K $95.26K $415.1K
YoY Change -42.79% -9.16% 14.26%
Operating Profit -$34.85K -$301.6K
YoY Change -72.52% -13.39%
Interest Expense $375.00 -$17.70K -$118.7K
YoY Change -91.03% -91.31%
% of Operating Profit
Other Income/Expense, Net $10.15K $0.00 -$198.8K
YoY Change -137.49% -85.45%
Pretax Income -$24.70K -$75.04K -$500.4K
YoY Change -83.95% -73.87% -70.8%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$24.70K -$75.04K -$500.4K
YoY Change -83.95% -73.87% -70.8%
Net Earnings / Revenue -65.0% -197.94% -441.22%
Basic Earnings Per Share $0.00 -$0.02
Diluted Earnings Per Share $0.00 $0.00 -$0.02
COMMON SHARES
Basic Shares Outstanding 27.94M shares 27.94M shares
Diluted Shares Outstanding 27.94M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.3K $166.9K $166.9K
YoY Change -53.99% -68.02% -68.02%
Cash & Equivalents $97.86K $93.89K $93.89K
Short-Term Investments $82.41K $73.01K $73.01K
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $8.000K
Other Receivables $0.00
Total Short-Term Assets $188.3K $166.9K $166.9K
YoY Change -51.95% -70.04% -70.04%
LONG-TERM ASSETS
Property, Plant & Equipment $26.23K $27.44K $27.44K
YoY Change -83.59% -75.74% -75.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $82.41K $73.01K
YoY Change -59.41% -72.85%
Other Assets
YoY Change
Total Long-Term Assets $26.23K $27.44K $27.44K
YoY Change -83.59% -82.36% -82.37%
TOTAL ASSETS
Total Short-Term Assets $188.3K $166.9K $166.9K
Total Long-Term Assets $26.23K $27.44K $27.44K
Total Assets $214.5K $194.3K $194.3K
YoY Change -61.11% -72.73% -72.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.69K $16.21K $16.21K
YoY Change -51.34% 67.29% 67.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.38K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.07K $16.21K $16.21K
YoY Change 126.31% -52.46% -52.48%
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 $61.07K $16.21K $16.21K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $61.07K $16.21K $16.21K
YoY Change 126.31% -52.46% -52.48%
SHAREHOLDERS EQUITY
Retained Earnings -$781.2K -$756.5K
YoY Change 90.53% 195.38%
Common Stock $27.94K $27.94K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $153.4K $178.1K $178.1K
YoY Change
Total Liabilities & Shareholders Equity $214.5K $194.3K $194.3K
YoY Change -61.11% -72.73% -72.73%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$24.70K -$75.04K -$500.4K
YoY Change -83.95% -73.87% -70.8%
Depreciation, Depletion And Amortization $1.212K $3.230K $13.23K
YoY Change -82.12% -19.65% 107.84%
Cash From Operating Activities -$46.03K -$68.21K -$278.2K
YoY Change -49.65% -30.84% -18.4%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$850.00 $119.2K
YoY Change -100.0% -99.39% 177.22%
Cash From Investing Activities -$850.00 $119.1K
YoY Change -99.39% 177.24%
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 $50.00K
YoY Change
NET CHANGE
Cash From Operating Activities -$46.03K -68.21K -$278.2K
Cash From Investing Activities -850.0 $119.1K
Cash From Financing Activities $50.00K
Net Change In Cash $3.966K -69.06K -$159.1K
YoY Change -106.18% -3.49% -41.47%
FREE CASH FLOW
Cash From Operating Activities -$46.03K -$68.21K -$278.2K
Capital Expenditures
Free Cash Flow
YoY Change

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DebtSecuritiesAvailableForSaleRealizedLoss
25233 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_z7AtBAmQIgO2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_865_zLGYmAg2tGk1">Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements are prepared on the basis of accounting principles generally accepted in the United States of America, also referred to as U.S. GAAP. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the balance sheets and the income and expenses for the periods ended as stated in the statements of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84C_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zGo5qS5pmjb6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_86E_zBw37OawMus">Reclassification of prior year presentation</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash flows for November 30, 2022, have been reclassified for consistency with current year presentation. These reclassifications had no effect on the reported net decrease in cash as of November 30, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2023Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
47324 usd
CY2023 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
-18821 usd
CY2023 HSTA Investment In Equities Cumulative Impairments
InvestmentInEquitiesCumulativeImpairments
0 usd
CY2023 HSTA Investment In Equities Prior Cumulative Adjustment
InvestmentInEquitiesPriorCumulativeAdjustment
44503 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
73006 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
-500405 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
-1713921 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023 HSTA Computed Expected Tax Provision Benefit
ComputedExpectedTaxProvisionBenefit
-105085 usd
CY2022 HSTA Computed Expected Tax Provision Benefit
ComputedExpectedTaxProvisionBenefit
-359923 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
105085 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
359923 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.06 pure
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023 us-gaap Heldtomaturity Securities In Unrealized Loss Positions Qualitative Disclosure Other Fair Value Volatility Rate
HeldtomaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureOtherFairValueVolatilityRate
0.77 pure
CY2023 HSTA Stock Price
StockPrice
0.500

Files In Submission

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0001829126-24-001597-index-headers.html Edgar Link pending
0001829126-24-001597-index.html Edgar Link pending
0001829126-24-001597.txt Edgar Link pending
0001829126-24-001597-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hestiainsight_10k.htm Edgar Link pending
hestiainsight_ex31-1.htm Edgar Link pending
hestiainsight_ex31-2.htm Edgar Link pending
hestiainsight_ex32-1.htm Edgar Link pending
hestiainsight_ex32-2.htm Edgar Link pending
hsta-20231130.xsd Edgar Link pending
img_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
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hsta-20231130_cal.xml Edgar Link unprocessable
hsta-20231130_def.xml Edgar Link unprocessable
hsta-20231130_lab.xml Edgar Link unprocessable
hsta-20231130_pre.xml Edgar Link unprocessable
hestiainsight_10k_htm.xml Edgar Link completed
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