2024 Q1 Form 10-K Financial Statement
#000182912624001597 Filed on March 14, 2024
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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Profit Loss
ProfitLoss
|
-1713921 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
13233 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
6367 | usd |
CY2023 | HSTA |
Bad Debt Expense
BadDebtExpense
|
5185 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
48750 | usd |
CY2023 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
74889 | usd |
CY2023 | us-gaap |
Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
|
60233 | usd |
CY2022 | us-gaap |
Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
|
223795 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-182592 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-1594716 | usd |
CY2022 | HSTA |
Accounts Receivable And Lease Interest Receivable
AccountsReceivableAndLeaseInterestReceivable
|
17225 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6525 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-9673 | usd |
CY2023 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
222191 | usd |
CY2022 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
1433590 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-278214 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-280331 | usd |
CY2022 | HSTA |
Proceeds Used In Purchase Of Equipment Leased To Others
ProceedsUsedInPurchaseOfEquipmentLeasedToOthers
|
68255 | usd |
CY2023 | HSTA |
Proceeds Used In Purchase Of Vending Machines
ProceedsUsedInPurchaseOfVendingMachines
|
385 | usd |
CY2022 | HSTA |
Proceeds Used In Purchase Of Vending Machines
ProceedsUsedInPurchaseOfVendingMachines
|
112563 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
46000 | usd |
CY2023 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
30125 | usd |
CY2022 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
153228 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
103658 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
316397 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
119148 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-17649 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
26195 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
26195 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-159066 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-271785 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
252956 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
524741 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
93890 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
252956 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-756528 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
6900 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
6767 | usd |
CY2021Q4 | us-gaap |
Assets Net
AssetsNet
|
68255 | usd |
CY2021Q4 | us-gaap |
Lease Incentive Receivable Current
LeaseIncentiveReceivableCurrent
|
90000 | usd |
CY2021Q4 | HSTA |
Unearned Income On Lease Receivable
UnearnedIncomeOnLeaseReceivable
|
21745 | usd |
CY2023 | us-gaap |
Interest Income Other
InterestIncomeOther
|
0 | usd |
CY2022 | us-gaap |
Interest Income Other
InterestIncomeOther
|
4228 | usd |
CY2023 | HSTA |
Financing Lease Decription
FinancingLeaseDecription
|
the net investment in the lease was recorded as a $54,983 fixed asset of computer equipment calculated as the net of a $72,500 asset as a lease contract receivable less a $17,517 liability as unearned income on the lease receivable. | |
CY2023Q2 | us-gaap |
Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
|
27000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Realized Loss
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 |