2022 Q4 Form 10-Q Financial Statement
#000119312522284610 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 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 | $423.6K | $69.99K | $66.25K |
YoY Change | 1377.13% | 5.65% | -75.49% |
% of Gross Profit | |||
Research & Development | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $423.6K | $69.99K | $66.25K |
YoY Change | 1373.02% | 5.64% | -78.12% |
Operating Profit | -$69.99K | -$66.25K | |
YoY Change | 5.64% | -78.12% | |
Interest Expense | -$3.360K | -$7.710K | -$4.800K |
YoY Change | -30.0% | 60.63% | -48100.0% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $12.42M | -$77.69K | -$71.05K |
YoY Change | -37094.96% | 9.35% | -76.53% |
Income Tax | $55.11K | ||
% Of Pretax Income | 0.44% | ||
Net Earnings | $12.32M | -$77.69K | -$71.05K |
YoY Change | -36813.2% | 9.35% | -76.53% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.04 | $0.00 | -$188.60 |
COMMON SHARES | |||
Basic Shares Outstanding | 376.9M | 376.9M | 376.7M |
Diluted Shares Outstanding | 376.9M | 376.7M |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $11.95M | $53.06K | $53.29K |
YoY Change | 38918.02% | -0.43% | 45.16% |
Cash & Equivalents | $12.00M | $53.06K | $53.29K |
Short-Term Investments | |||
Other Short-Term Assets | $23.90K | $10.06K | $36.79K |
YoY Change | -15.13% | -72.66% | 4.25% |
Inventory | |||
Prepaid Expenses | $23.90K | $10.06K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $11.98M | $63.12K | $90.08K |
YoY Change | 20271.4% | -29.93% | 25.11% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.440K | ||
YoY Change | -92.31% | ||
Total Long-Term Assets | $0.00 | $0.00 | $2.440K |
YoY Change | -100.0% | -92.31% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $11.98M | $63.12K | $90.08K |
Total Long-Term Assets | $0.00 | $0.00 | $2.440K |
Total Assets | $11.98M | $63.12K | $92.52K |
YoY Change | 20271.4% | -31.78% | -10.81% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $145.2K | $326.5K | $304.8K |
YoY Change | -48.13% | 7.1% | 21.19% |
Accrued Expenses | $122.6K | $34.85K | $10.16K |
YoY Change | 719.11% | 243.01% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $411.0K | $411.0K | $192.5K |
YoY Change | 77.92% | 113.51% | 732.97% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $678.8K | $1.088M | $590.9K |
YoY Change | -0.12% | 84.08% | 28.87% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $38.50K |
YoY Change | -100.0% | 108.22% | |
Other Long-Term Liabilities | $3.000M | $3.000M | $3.000M |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Liabilities | $3.000M | $3.000M | $3.039M |
YoY Change | 0.0% | -1.27% | 0.66% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $678.8K | $1.088M | $590.9K |
Total Long-Term Liabilities | $3.000M | $3.000M | $3.039M |
Total Liabilities | $3.679M | $4.088M | $3.629M |
YoY Change | -0.02% | 12.63% | 4.38% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$45.75M | -$58.07M | |
YoY Change | -20.66% | ||
Common Stock | $54.05M | $50.09M | |
YoY Change | 7.91% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $8.296M | -$4.025M | -$3.537M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $11.98M | $63.12K | $92.52K |
YoY Change | 20271.4% | -31.78% | -10.81% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $12.32M | -$77.69K | -$71.05K |
YoY Change | -36813.2% | 9.35% | -76.53% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $11.90M | -$51.89K | -$40.43K |
YoY Change | -52607.37% | 28.35% | -59.82% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 80.00K | 0.000 |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | 11.90M | -51.89K | -40.43K |
Cash From Investing Activities | |||
Cash From Financing Activities | 0.000 | 80.00K | 0.000 |
Net Change In Cash | 11.90M | 28.11K | -40.43K |
YoY Change | -52607.37% | -169.53% | -59.82% |
FREE CASH FLOW | |||
Cash From Operating Activities | $11.90M | -$51.89K | -$40.43K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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ProfitLoss
|
-254169 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-265071 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
37990 | ||
us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
0 | ||
us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
41600 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-18099 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-17469 | ||
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
78502 | ||
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
53440 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-157568 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-197772 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
180000 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
176000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
180000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
176000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22432 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-21772 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30626 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
75059 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
53058 | |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
53287 | |
us-gaap |
Stock Issued1
StockIssued1
|
0 | ||
us-gaap |
Stock Issued1
StockIssued1
|
200000 | ||
inti |
Accrued But Unpaid Dividends
AccruedButUnpaidDividends
|
250413 | ||
inti |
Accrued But Unpaid Dividends
AccruedButUnpaidDividends
|
50412 | ||
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
inti |
Royalty Rate On Net Sales
RoyaltyRateOnNetSales
|
0.09 | ||
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
53058 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Estimates </div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. </div></div> | ||
CY2022Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2022Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
231000 | |
CY2022Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
281000 | |
CY2022Q3 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
411000 |