2021 Q4 Form 10-Q Financial Statement

#000147793222000684 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q2 2020 Q4
Revenue $2.548M $890.2K $182.1K
YoY Change 1299.02% 1011.13% 35.61%
Cost Of Revenue $811.4K $301.4K $163.0K
YoY Change 397.65% 24.19% -38.18%
Gross Profit $1.736M $588.8K $19.07K
YoY Change 9003.98% -462.15% -114.73%
Gross Profit Margin 68.15% 66.14% 10.47%
Selling, General & Admin $2.068M $5.689M $92.03K
YoY Change 2147.48% 7756.41% 5.61%
% of Gross Profit 119.11% 966.14% 482.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $424.0K $119.3K $67.22K
YoY Change 530.79% -12.92% -55.08%
% of Gross Profit 24.42% 20.27% 352.42%
Operating Expenses $2.068M $5.689M $92.03K
YoY Change 2147.53% 7756.41% 5.61%
Operating Profit -$331.9K -$5.100M -$72.95K
YoY Change 354.9% 2070.22% -66.32%
Interest Expense $80.00 -$135.4K $89.74K
YoY Change -99.91% 22.24% -151.4%
% of Operating Profit
Other Income/Expense, Net -$183.4K $9.130K -$127.1K
YoY Change 44.26%
Pretax Income -$515.3K -$5.257M -$200.1K
YoY Change 157.52% 934.5% -49.78%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$515.3K -$5.257M -$200.1K
YoY Change 157.52% 934.5% -49.78%
Net Earnings / Revenue -20.22% -590.55% -109.86%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 -$27.10K $0.00
COMMON SHARES
Basic Shares Outstanding 205.0M shares 124.3M shares
Diluted Shares Outstanding 205.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q2 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.7K $2.098M $53.05K
YoY Change 193.55% 31300.3% -29.47%
Cash & Equivalents $155.7K $2.098M $53.05K
Short-Term Investments
Other Short-Term Assets $14.68K $197.6K $3.250K
YoY Change 351.69% 5980.62% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $170.4K $2.295M $56.30K
YoY Change 202.67% 23013.36% -28.25%
LONG-TERM ASSETS
Property, Plant & Equipment $10.07M $3.160M $511.5K
YoY Change 1868.05% 596.94% -42.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.465M $7.664M $700.00
YoY Change 780592.86% 1094752.86% 0.0%
Other Assets $460.5K $245.3K $124.0K
YoY Change 271.42% 196.07% 613.76%
Total Long-Term Assets $15.99M $11.07M $636.2K
YoY Change 2413.73% 1961.65% -30.05%
TOTAL ASSETS
Total Short-Term Assets $170.4K $2.295M $56.30K
Total Long-Term Assets $15.99M $11.07M $636.2K
Total Assets $16.16M $13.36M $692.5K
YoY Change 2233.97% 2343.94% -29.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.0K $27.26K $77.08K
YoY Change 32.38% -67.72% 122.0%
Accrued Expenses $1.298K $4.381K $24.56K
YoY Change -94.71% -82.66% -39.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $19.15K $48.22K
YoY Change -100.0% -92.61% -90.9%
Long-Term Debt Due $54.14K
YoY Change
Total Short-Term Liabilities $586.7K $274.1K $558.3K
YoY Change 5.09% -58.25% -40.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $328.0K
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $328.0K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $586.7K $274.1K $558.3K
Total Long-Term Liabilities $0.00 $0.00 $328.0K
Total Liabilities $586.7K $274.1K $886.3K
YoY Change -33.8% -58.25% -6.16%
SHAREHOLDERS EQUITY
Retained Earnings -$44.51M -$45.08M
YoY Change
Common Stock $205.1K $5.674M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.45M $8.965M -$193.8K
YoY Change
Total Liabilities & Shareholders Equity $16.16M $13.36M $692.5K
YoY Change 2233.97% 2343.94% -29.9%

Cashflow Statement

Concept 2021 Q4 2021 Q2 2020 Q4
OPERATING ACTIVITIES
Net Income -$515.3K -$5.257M -$200.1K
YoY Change 157.52% 934.5% -49.78%
Depreciation, Depletion And Amortization $424.0K $119.3K $67.22K
YoY Change 530.79% -12.92% -55.08%
Cash From Operating Activities -$32.82K -$830.2K -$211.5K
YoY Change -84.48% 2492.82% 23.93%
INVESTING ACTIVITIES
Capital Expenditures -$6.780K -$2.316M -$171.6K
YoY Change -96.05% 2137.29%
Acquisitions
YoY Change
Other Investing Activities -$490.3K -$2.977M $106.9K
YoY Change -558.56% 4139.16% -6.0%
Cash From Investing Activities -$497.1K -$5.292M -$64.67K
YoY Change 668.72% 7437.03% -160.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $34.05M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.660K 8.120M 226.8K
YoY Change -100.73% 106886.69% 188.94%
NET CHANGE
Cash From Operating Activities -32.82K -830.2K -211.5K
Cash From Investing Activities -497.1K -5.292M -64.67K
Cash From Financing Activities -1.660K 8.120M 226.8K
Net Change In Cash -531.6K 1.998M -49.38K
YoY Change 976.57% -2210.48% -455.51%
FREE CASH FLOW
Cash From Operating Activities -$32.82K -$830.2K -$211.5K
Capital Expenditures -$6.780K -$2.316M -$171.6K
Free Cash Flow -$26.04K $1.486M -$39.93K
YoY Change -34.79% -4739.48% -75.51%

Facts In Submission

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267022 USD
us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
0 USD
intv Conversion Of Series B Preferred Shares For Common Shares
ConversionOfSeriesBPreferredSharesForCommonShares
2474 USD
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5480000 USD
us-gaap Interest Paid
InterestPaid
0 USD
intv Debt Discount For Derivative Liabilities
DebtDiscountForDerivativeLiabilities
258460 USD
intv Common Shares Issued In Conversion Of Debt
CommonSharesIssuedInConversionOfDebt
362936 USD
intv Settlement Of Derivative Liabilities
SettlementOfDerivativeLiabilities
141749 USD
intv Note Payable Issued For Property And Equipment
NotePayableIssuedForPropertyAndEquipment
57822 USD
intv Property And Equipment Purchased With Digital Securities
PropertyAndEquipmentPurchasedWithDigitalSecurities
4178 USD
CY2021Q4 intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
189240 USD
CY2020Q4 intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
34277 USD
intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
527833 USD
intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
51577 USD
CY2021Q4 intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
2076298 USD
CY2020Q4 intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
135888 USD
intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
3116369 USD
intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
203225 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
207281 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204309169 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
86917712 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291226881 shares
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44510922 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11313047 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3680939 USD
CY2021Q4 intv Less Accumulated Depreciation And Amortization
LessAccumulatedDepreciationAndAmortization
-1246296 USD
CY2021Q2 intv Less Accumulated Depreciation And Amortization
LessAccumulatedDepreciationAndAmortization
-521416 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10066751 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3159523 USD
CY2021Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
424025 USD
CY2020Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
67220 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
724880 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
177792 USD
CY2021Q2 us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
12 equal batches of 400 units, starting in August 2021 and through July 2022.
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34047600 USD
CY2021Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
50000 USD
CY2021Q2 us-gaap Long Term Purchase Commitment Description
LongTermPurchaseCommitmentDescription
The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021.
us-gaap Related Party Costs
RelatedPartyCosts
471593 USD
CY2019Q1 intv Revised Authorized Preferred Shares
RevisedAuthorizedPreferredShares
20000000 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
205146592 shares
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
194487662 shares
CY2021Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
30000000 shares
intv Number Of Warrants Outstanding Beginning
NumberOfWarrantsOutstandingBeginning
41000000 shares
intv Weighted Average Exercise Price Beginning
WeightedAverageExercisePriceBeginning
0.30
intv Number Of Warrants Outstanding Ending
NumberOfWarrantsOutstandingEnding
41000000 shares
intv Weighted Average Exercise Price Outstanding And Exercisable Ending
WeightedAverageExercisePriceOutstandingAndExercisableEnding
0.30
intv Aggergate Intrinsic Value Outstanding And Exercisable
AggergateIntrinsicValueOutstandingAndExercisable
0 USD
CY2021Q4 intv Closing Price Of The Common Stock
ClosingPriceOfTheCommonStock
0.17
CY2021Q1 intv Term Of Agreement
TermOfAgreement
P90Y

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