2023 Q3 Form 10-Q Financial Statement

#000149315223029626 Filed on August 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $608.6K $899.3K $3.079M
YoY Change -36.3% -66.01% 1092.47%
Cost Of Revenue $479.4K $691.7K $2.394M
YoY Change -45.85% -71.66% 886.31%
Gross Profit $129.2K $207.6K $685.6K
YoY Change 84.32% 1.05% 4311.97%
Gross Profit Margin 21.23% 23.09% 22.27%
Selling, General & Admin $259.6K $409.1K $598.9K
YoY Change -28.42% -10.41% -87.45%
% of Gross Profit 200.88% 197.02% 87.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.560K $1.561K $750.00
YoY Change -17.98% -10.03% -100.82%
% of Gross Profit 1.21% 0.75% 0.11%
Operating Expenses $261.1K $410.7K $599.7K
YoY Change -28.36% -10.4% -87.44%
Operating Profit -$131.9K -$203.0K $85.94K
YoY Change -55.19% -19.71% -101.81%
Interest Expense $61.10K $252.9K -$539.5K
YoY Change -47.77% -130.41% -203.42%
% of Operating Profit -627.73%
Other Income/Expense, Net $423.4K $3.093M
YoY Change -1340.26% -471.77%
Pretax Income $291.5K $2.890M -$460.1K
YoY Change -188.72% -366.39% -95.88%
Income Tax
% Of Pretax Income
Net Earnings $291.5K $2.890M -$491.0K
YoY Change -188.72% -366.39% -95.6%
Net Earnings / Revenue 47.89% 321.31% -15.95%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 9.347B shares 9.090B shares
Diluted Shares Outstanding 9.508B shares 9.090B shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.480K $111.2K $96.95K
YoY Change -99.75% -89.32% -92.51%
Cash & Equivalents $2.477K $111.2K $96.95K
Short-Term Investments
Other Short-Term Assets $18.27K $18.27K $9.460K
YoY Change -66.02% 109.04% 4200.0%
Inventory $216.6K $295.5K $382.5K
Prepaid Expenses $18.27K $18.27K $9.458K
Receivables $595.2K $536.5K $1.728M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $877.9K $1.002M $2.217M
YoY Change -74.37% -56.35% 1048.1%
LONG-TERM ASSETS
Property, Plant & Equipment $76.16K $77.72K $362.8K
YoY Change -7.96% -44.73%
Goodwill $350.1K $350.1K $350.1K
YoY Change -75.75% -56.61%
Intangibles $465.5K $481.9K $514.5K
YoY Change
Long-Term Investments $542.4K $542.4K $140.0K
YoY Change 236.88% 137.45% -81.71%
Other Assets
YoY Change
Total Long-Term Assets $1.664M $1.700M $1.367M
YoY Change -16.22% 13.88% 78.63%
TOTAL ASSETS
Total Short-Term Assets $877.9K $1.002M $2.217M
Total Long-Term Assets $1.664M $1.700M $1.367M
Total Assets $2.542M $2.701M $3.584M
YoY Change -53.02% -28.68% 273.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.410M $1.424M $1.657M
YoY Change 10.28% 50.52% 11226.59%
Accrued Expenses $64.84K $64.84K $63.56K
YoY Change 4.08% 7.23% 149.35%
Deferred Revenue
YoY Change
Short-Term Debt $2.488M $2.804M $2.974M
YoY Change 9.59% 66.42% 3229.86%
Long-Term Debt Due $5.240K $9.240K $25.05K
YoY Change -75.19% 1.43% 10.3%
Total Short-Term Liabilities $4.389M $4.969M $5.643M
YoY Change -31.01% 33.82% 344.73%
LONG-TERM LIABILITIES
Long-Term Debt $204.0K $234.1K $284.5K
YoY Change -28.26% -68.04%
Other Long-Term Liabilities $179.2K $195.3K $227.7K
YoY Change -26.64% -25.17%
Total Long-Term Liabilities $383.3K $429.3K $512.2K
YoY Change -27.51% -56.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.389M $4.969M $5.643M
Total Long-Term Liabilities $383.3K $429.3K $512.2K
Total Liabilities $4.772M $5.399M $6.155M
YoY Change -30.74% 14.7% 385.1%
SHAREHOLDERS EQUITY
Retained Earnings -$24.78M -$25.05M -$24.10M
YoY Change 4.98% 8.67% 19.03%
Common Stock $9.430M $9.310M $9.023M
YoY Change 5.46% 4.12% 4.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.230M -$2.697M -$2.571M
YoY Change
Total Liabilities & Shareholders Equity $2.542M $2.701M $3.584M
YoY Change -53.02% -28.68% 273.92%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income $291.5K $2.890M -$491.0K
YoY Change -188.72% -366.39% -95.6%
Depreciation, Depletion And Amortization $1.560K $1.561K $750.00
YoY Change -17.98% -10.03% -100.82%
Cash From Operating Activities -$230.5K $252.8K -$391.3K
YoY Change -8.05% -65.35% 313.78%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$5.050K -$7.340K $95.80K
YoY Change -93.61% -98.74% -108.82%
Cash From Investing Activities -$5.050K -$7.340K $95.80K
YoY Change -93.95% -98.74% -108.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 126.8K -253.5K 248.9K
YoY Change -48.02% -1303.56% -76.81%
NET CHANGE
Cash From Operating Activities -230.5K 252.8K -391.3K
Cash From Investing Activities -5.050K -7.340K 95.80K
Cash From Financing Activities 126.8K -253.5K 248.9K
Net Change In Cash -108.7K -7.970K -46.59K
YoY Change 20.6% -104.72% -56.6%
FREE CASH FLOW
Cash From Operating Activities -$230.5K $252.8K -$391.3K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$230.5K -$391.3K
YoY Change -9.64%

Facts In Submission

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CY2023Q2 us-gaap Dividends Preferred Stock
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CY2022Q2 us-gaap Dividends Preferred Stock
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us-gaap Dividends Preferred Stock
DividendsPreferredStock
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us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2861792 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q2 us-gaap Earnings Per Share Basic
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-0.0004
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0004
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0001
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0001
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0004
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0004
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.0004
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.0004
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9089618453 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9089618453 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8105085037 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8105085037 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8856200040 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8856200040 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7776910177 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7776910177 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
32309 usd
CY2023Q1 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 FOMC Stock Issued During Period Value Issuance Of Series B Preferred Stock For Services
StockIssuedDuringPeriodValueIssuanceOfSeriesBPreferredStockForServices
50000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
66667 usd
CY2023Q2 FOMC Stock Issued During Period Value Conversion Of Accrued Salary To Series B Preferred Shares
StockIssuedDuringPeriodValueConversionOfAccruedSalaryToSeriesBPreferredShares
150000 usd
CY2023Q2 FOMC Stock Issued During Period Value Conversion Of Accrued Salary To Common Stock
StockIssuedDuringPeriodValueConversionOfAccruedSalaryToCommonStock
25750 usd
CY2023Q2 FOMC Stock Issued During Period Value Conversion Of Related Party Loan To Common Shares
StockIssuedDuringPeriodValueConversionOfRelatedPartyLoanToCommonShares
50000 usd
CY2023Q2 FOMC Stock Issued During Period Value Conversion Of Convertible Debt And Accrued Interest To Common Stock
StockIssuedDuringPeriodValueConversionOfConvertibleDebtAndAccruedInterestToCommonStock
211356 usd
CY2023Q2 FOMC Stock Issued During Period Value Conversion Of Convertible Debt To Series Preferred Stock
StockIssuedDuringPeriodValueConversionOfConvertibleDebtToSeriesPreferredStock
234692 usd
CY2023Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
27860 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2889652 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-2697310 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-310227 usd
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
535000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
700000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
310059 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
209713 usd
CY2022Q1 FOMC Adjustments To Additional Paid In Capital Warrants Issued For Services Related Party
AdjustmentsToAdditionalPaidInCapitalWarrantsIssuedForServicesRelatedParty
13981 usd
CY2022Q1 FOMC Reclassification Of Financial Instruments That Ceased To Be Derivative Liabilities
ReclassificationOfFinancialInstrumentsThatCeasedToBeDerivativeLiabilities
325000 usd
CY2022Q1 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
45059 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1825808 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-87341 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-87341 usd
CY2022Q2 FOMC Reclassification Of Financial Instruments That Ceased To Be Derivative Liabilities
ReclassificationOfFinancialInstrumentsThatCeasedToBeDerivativeLiabilities
100000 usd
CY2022Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
47833 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1067046 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1067046 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-1102220 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-1102220 usd
us-gaap Net Income Loss
NetIncomeLoss
-899450 usd
us-gaap Net Income Loss
NetIncomeLoss
-2892854 usd
us-gaap Share Based Compensation
ShareBasedCompensation
51000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
535000 usd
us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
209713 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
32309 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
13981 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
31200 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
352692 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
34523 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
28769 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35747 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2314 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-503972 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-16825 usd
FOMC Derivative Expense
DerivativeExpense
194887 usd
FOMC Gain On Debt Extinguishment
GainOnDebtExtinguishment
747926 usd
FOMC Gain On Debt Extinguishment
GainOnDebtExtinguishment
100693 usd
FOMC Loss On Debt Extinguishment
LossOnDebtExtinguishment
402294 usd
FOMC Loss On Debt Extinguishment
LossOnDebtExtinguishment
213587 usd
FOMC Change In Fair Value Of Marketable Equity Securities
ChangeInFairValueOfMarketableEquitySecurities
375383 usd
FOMC Change In Fair Value Of Marketable Equity Securities
ChangeInFairValueOfMarketableEquitySecurities
-578907 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1146106 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
489799 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-86952 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
282689 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8809 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
63140 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-122819 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
603390 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-279418 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
433998 usd
FOMC Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
5510 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-31145 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-23807 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-135337 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-668919 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
223457 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
41651 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
13825 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
22033 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
1225 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22033 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
194406 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
680940 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
266000 usd
FOMC Proceeds From Loans Payable Related Party
ProceedsFromLoansPayableRelatedParty
3091 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
378750 usd
FOMC Proceeds From Issuance Of Convertible Note Related Party
ProceedsFromIssuanceOfConvertibleNoteRelatedParty
195000 usd
FOMC Repayments Of Notes Payable To Government
RepaymentsOfNotesPayableToGovernment
150000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
32244 usd
FOMC Repayments Of Loans Payable Related Parties
RepaymentsOfLoansPayableRelatedParties
19335 usd
FOMC Repayments Of Loans Payable Related Parties
RepaymentsOfLoansPayableRelatedParties
211804 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
-0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
525028 usd
FOMC Repayment Of Loan Payable
RepaymentOfLoanPayable
296605 usd
FOMC Repayment Of Loan Payable
RepaymentOfLoanPayable
61392 usd
FOMC Proceeds From Accounts Receivable Credit Facility
ProceedsFromAccountsReceivableCreditFacility
1687417 usd
FOMC Proceeds From Accounts Receivable Credit Facility
ProceedsFromAccountsReceivableCreditFacility
3796719 usd
FOMC Repayment On Accounts Receivable Credit Facility
RepaymentOnAccountsReceivableCreditFacility
1883922 usd
FOMC Repayment On Accounts Receivable Credit Facility
RepaymentOnAccountsReceivableCreditFacility
3042024 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
171586 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
613977 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14216 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
139464 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
96954 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
94224 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
111170 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
233688 usd
us-gaap Interest Paid Net
InterestPaidNet
475938 usd
us-gaap Interest Paid Net
InterestPaidNet
76638 usd
FOMC Stock Issued On Acquisition Of Sst
StockIssuedOnAcquisitionOfSST
700000 usd
FOMC Debt Discount Recorded In Connection With Derivative Liability
DebtDiscountRecordedInConnectionWithDerivativeLiability
66851 usd
FOMC Issuance Of Series Preferred Shares In Conversion Of Debt And Accrued Interest
IssuanceOfSeriesPreferredSharesInConversionOfDebtAndAccruedInterest
234692 usd
us-gaap Stock Issued1
StockIssued1
211356 usd
us-gaap Stock Issued1
StockIssued1
166850 usd
FOMC Conversion Of Related Party Loan To Common Shares
ConversionOfRelatedPartyLoanToCommonShares
50000 usd
FOMC Conversion Of Accrued Salary To Common Shares
ConversionOfAccruedSalaryToCommonShares
25750 usd
FOMC Conversion Of Accrued Salary To Series Preferred Shares
ConversionOfAccruedSalaryToSeriesPreferredShares
66667 usd
FOMC Conversion Of Accrued Salary To Series B Prefereed Shares
ConversionOfAccruedSalaryToSeriesBPrefereedShares
150000 usd
FOMC Conversionof Series B Preferred Stock Into Common Stock
ConversionofSeriesBPreferredStockIntoCommonStock
31 shares
FOMC Reclassification Of Derivative Liabilitiy
ReclassificationOfDerivativeLiabilitiy
425000 usd
FOMC Preferred Stock Dividends
PreferredStockDividends
48991 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zK9QOGWPNHt9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><span id="xdx_86C_zYWr9lRhRPba">Use of Estimates</span></b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Preparing 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 the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates, and those estimates may be material.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b>FOMO WORLDWIDE, INC AND SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b>JUNE 30, 2023</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b>UNAUDITED </b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Significant estimates during the six months ended June 30, 2023 and the year ended December 31, 2022, respectively, include, allowance for doubtful accounts and other receivables, inventory reserves and classifications, valuation of investments, valuation of goodwill and intangible assets, valuation of loss contingencies, valuation of derivative liabilities, valuation of stock-based compensation, estimated useful lives related to intangible assets and property and equipment, uncertain tax positions, warranty reserve, and the valuation allowance on deferred tax assets.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q2 us-gaap Cash
Cash
111170 usd
CY2022Q4 us-gaap Cash
Cash
96954 usd
CY2023Q2 us-gaap Investments
Investments
542406 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
542406 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
918158 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
918158 usd
CY2022Q4 us-gaap Investments
Investments
140006 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
140006 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
981766 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
981766 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zFCMWaEOR3hf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><span id="xdx_862_zWOB3KvvNkm7">Cash and Cash Equivalents and Concentration of Credit Risk</span></b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">For purposes of the consolidated statements of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less at the purchase date and money market accounts to be cash equivalents. At June 30, 2023 and December 31, 2022, the Company did <span id="xdx_905_eus-gaap--CashEquivalentsAtCarryingValue_iI_pp0p0_do_c20230630_z2PcJEPE1bg1" title="Cash equivalents"><span id="xdx_90C_eus-gaap--CashEquivalentsAtCarryingValue_iI_pp0p0_do_c20221231_zVOsQ7FjGFri" title="Cash equivalents">no</span></span>t have any cash equivalents.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The Company is exposed to credit risk on its cash and cash equivalents in the event of default by the financial institutions to the extent account balances exceed the amount insured by the FDIC, which is $<span id="xdx_909_eus-gaap--CashFDICInsuredAmount_iI_c20230630_zzAuv0KUMYYa" title="FDIC insured amount">250,000</span>. At June 30, 2023 and December 31, 2022, the Company did not experience any losses on cash balances in excess of FDIC insured limits.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-right: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15587 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19587 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
670 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
295505 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
382457 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2023Q2 us-gaap Goodwill Gross
GoodwillGross
350110 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
350110 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11196832267 shares
FOMC Common Stock Shares Authorized To Settle Exercise Of Common Stock Equivalents
CommonStockSharesAuthorizedToSettleExerciseOfCommonStockEquivalents
20000000000 shares
CY2022Q4 us-gaap Investments
Investments
140006 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
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CY2022Q4 us-gaap Deferred Revenue
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 FOMC Percentage Of Revenues
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1 pure
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2888628 usd
CY2022Q2 FOMC Percentage Of Revenues
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1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1451655 usd
FOMC Percentage Of Revenues
PercentageOfRevenues
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3480919 usd
FOMC Percentage Of Revenues
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1 pure
CY2023Q2 us-gaap Investments
Investments
542406 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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0 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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0 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8697 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
23724 usd
us-gaap Net Income Loss
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-899450 usd
us-gaap Net Cash Provided By Used In Operating Activities
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-135337 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
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-25046722 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-2697310 usd
CY2023Q2 FOMC Working Capital Deficit
WorkingCapitalDeficit
3967491 usd
CY2023Q2 us-gaap Cash
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111170 usd
CY2022Q3 us-gaap Loans Receivable Fair Value Disclosure
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50000 usd
CY2022Q3 us-gaap Loans Receivable Fair Value Disclosure
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100000 usd
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PropertyPlantAndEquipmentGross
261058 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
261058 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
183336 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q2 us-gaap Property Plant And Equipment Net
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CY2023Q2 us-gaap Depreciation
Depreciation
1561 usd
CY2022Q2 us-gaap Depreciation
Depreciation
1735 usd
us-gaap Depreciation
Depreciation
3122 usd
us-gaap Depreciation
Depreciation
2314 usd
CY2023Q2 us-gaap Common Stock Conversion Features
CommonStockConversionFeatures
the Series A Preferred shares can convert into 782,307,950 common shares. As consideration for the exchange, we reduced the strike price on a total of 557,424,483 common stock purchase warrants held by the lender to $0.0005 and extended their expiration dates to May 26, 2026. This resulted in a gain on debt extinguishment of $156,462.
CY2021Q4 FOMC Loans Payable Related Parties
LoansPayableRelatedParties
22714 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
321705 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
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CY2022 us-gaap Repayments Of Debt
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CY2022Q4 FOMC Loans Payable Related Parties
LoansPayableRelatedParties
309528 usd
CY2022Q4 FOMC Loans Payable Related Parties
LoansPayableRelatedParties
309528 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
3090 usd
us-gaap Repayments Of Debt
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69334 usd
CY2023Q2 FOMC Loans Payable Related Parties
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243284 usd
CY2023Q2 FOMC Loans Payable Related Parties
LoansPayableRelatedParties
243284 usd
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LoansPayableRelatedPartiesCurrent
9238 usd
CY2023Q2 FOMC Loans Payable Related Parties Noncurrent
LoansPayableRelatedPartiesNoncurrent
234046 usd
CY2022Q1 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
1.25 to1
CY2022Q1 us-gaap Tangible Capital
TangibleCapital
350000 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Stock Issued
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedStockIssued
75328 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Fairvalue
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFairvalue
75328 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
223457 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
669580 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
208431 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
82553 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Operating Lease Right Of Use Asset
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOperatingLeaseRightOfUseAsset
345229 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Supplier Relationships
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsSupplierRelationships
149000 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Trade Name
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsTradeName
420000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
2098250 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
268553 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Deferred Revenue
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDeferredRevenue
671217 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
421799 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Note Payable Government Sba
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesNotePayableGovernmentSBA
150000 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Note Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesNotePayable
516234 usd
CY2023Q2 FOMC Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Operating Lease Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOperatingLeaseLiability
345229 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
2373032 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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-274782 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
350110 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
48937 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
65250 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
65250 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
34123 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
28000 usd
CY2023Q2 FOMC Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
256604 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
498164 usd
CY2023Q2 FOMC Finite Lived Supplier Relationships Gross
FiniteLivedSupplierRelationshipsGross
149000 usd
CY2022Q4 FOMC Finite Lived Supplier Relationships Gross
FiniteLivedSupplierRelationshipsGross
149000 usd
CY2023Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
420000 usd
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FiniteLivedTradeNamesGross
420000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
569000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
569000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87149 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54524 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
481851 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
514476 usd
CY2022Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2022Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
247414 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
260112 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M2D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08 pure
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
34523 usd
FOMC Lease Liability Expense In Connection With Obligation Repayment
LeaseLiabilityExpenseInConnectionWithObligationRepayment
10855 usd
us-gaap Lease Cost
LeaseCost
45378 usd
FOMC Operating Cash Outflows From Operating Lease Obligation Payment
OperatingCashOutflowsFromOperatingLeaseObligationPayment
31145 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
42000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
84000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
84000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
84000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
301000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
40888 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
260112 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
64836 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
195276 usd
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.0035
CY2022 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.0035
CY2021Q4 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number1
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber1
2002113095 shares
CY2021Q4 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
0.0016
CY2021 FOMC Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M17D
CY2021Q4 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingIntrinsicValue
450000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
660000000 shares
CY2022 FOMC Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
0.0011
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
750000000 shares
CY2022 FOMC Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageExercisePrice
0.0001
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
618571428 shares
CY2022 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00034
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1293541667 shares
CY2022Q4 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
0.0013
CY2022 FOMC Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm1
P1Y10M9D
CY2022Q4 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
1143541667 shares
CY2022Q4 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableWeightedAverageExercisePrice
0.0014
CY2022 FOMC Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y8M15D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
300000000 shares
FOMC Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
0.0005
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1563541667 shares
CY2023Q2 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
0.0007
FOMC Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y10M13D
CY2023Q2 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
1263541667 shares
CY2023Q2 FOMC Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableWeightedAverageExercisePrice
0.0007
FOMC Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y7M13D
CY2023Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
300000000 shares
CY2023Q1 us-gaap Share Price
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0.0005
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
195000000 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P3Y
CY2022 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
91127 usd
CY2022 FOMC Adjustment Of Warrants Granted For Services Unvested
AdjustmentOfWarrantsGrantedForServicesUnvested
59648 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.001
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
3.74 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0176 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Tax Adjustments Settlements And Unusual Provisions
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0 usd
CY2022 us-gaap Tax Adjustments Settlements And Unusual Provisions
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0 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Gross
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150000 usd
CY2023Q1 us-gaap Revenues
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8000000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.036 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.036 pure
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.086 pure
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.086 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.160 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.160 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5170801 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4248077 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5170801 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4248077 usd
CY2023Q1 FOMC Unused Operating Loss Carryforwards
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21000000.0 usd
CY2023Q2 us-gaap Operating Loss Carryforwards Valuation Allowance
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5170801 usd
CY2022Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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4248077 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
922000 usd
CY2023Q2 us-gaap Operating Loss Carryforwards
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21019518 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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800000 usd
CY2023Q1 us-gaap Revenues
Revenues
5000000 usd
CY2023Q1 us-gaap Short Term Debt Refinanced Amount
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1840435 usd
CY2023Q1 FOMC Debt Instrument Earn Out Amount
DebtInstrumentEarnOutAmount
1000000.0 usd
CY2023Q1 us-gaap Long Term Debt Term
LongTermDebtTerm
P3Y

Files In Submission

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