2023 Q1 Form 10-Q Financial Statement

#000147793223001009 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $1.441M $370.3K $2.548M
YoY Change 0.62% -85.47% 1299.02%
Cost Of Revenue $2.446M $678.7K $811.4K
YoY Change 117.57% -16.36% 397.65%
Gross Profit -$1.005M -$308.4K $1.736M
YoY Change -426.98% -117.76% 9003.98%
Gross Profit Margin -69.79% -83.29% 68.15%
Selling, General & Admin $305.4K $302.3K $2.068M
YoY Change 157.29% -85.39% 2147.48%
% of Gross Profit 119.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.469M $389.9K $424.0K
YoY Change 252.06% -8.05% 530.79%
% of Gross Profit 24.42%
Operating Expenses $769.3K $302.3K $2.068M
YoY Change 548.17% -85.39% 2147.53%
Operating Profit -$1.775M -$610.6K -$331.9K
YoY Change -1039.98% 84.01% 354.9%
Interest Expense $8.636K $52.96K $80.00
YoY Change 16194.34% 66105.0% -99.91%
% of Operating Profit
Other Income/Expense, Net $8.119K -$152.9K -$183.4K
YoY Change -103.09% -16.6% 44.26%
Pretax Income -$1.767M -$763.6K -$515.3K
YoY Change 2287.16% 48.2% 157.52%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.767M -$763.6K -$515.3K
YoY Change 2287.16% 48.2% 157.52%
Net Earnings / Revenue -122.62% -206.21% -20.22%
Basic Earnings Per Share -$0.88 -$0.01 $0.00
Diluted Earnings Per Share -$0.88 -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 265.3M shares 250.7M shares 205.0M shares
Diluted Shares Outstanding 2.341M shares 250.1M shares 205.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $298.8K $86.89K $155.7K
YoY Change 633.64% -44.2% 193.55%
Cash & Equivalents $298.8K $86.89K $155.7K
Short-Term Investments
Other Short-Term Assets $11.38K $6.310K $14.68K
YoY Change 355.2% -57.02% 351.69%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $310.2K $93.20K $170.4K
YoY Change 617.55% -45.31% 202.67%
LONG-TERM ASSETS
Property, Plant & Equipment $12.87M $14.80M $10.07M
YoY Change 18.91% 47.02% 1868.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $578.9K $578.9K $5.465M
YoY Change -88.39% -89.41% 780592.86%
Other Assets $333.5K $117.3K $460.5K
YoY Change 11.02% -74.53% 271.42%
Total Long-Term Assets $13.78M $15.50M $15.99M
YoY Change -14.45% -3.1% 2413.73%
TOTAL ASSETS
Total Short-Term Assets $310.2K $93.20K $170.4K
Total Long-Term Assets $13.78M $15.50M $15.99M
Total Assets $14.09M $15.59M $16.16M
YoY Change -12.75% -3.54% 2233.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.7K $130.6K $102.0K
YoY Change 65.02% 28.0% 32.38%
Accrued Expenses $98.49K $120.9K $1.298K
YoY Change 6797.27% 9213.41% -94.71%
Deferred Revenue
YoY Change
Short-Term Debt $500.0K $491.4K $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.876M $2.855M $586.7K
YoY Change 265.25% 386.66% 5.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.876M $2.855M $586.7K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.876M $2.855M $586.7K
YoY Change 265.25% 386.66% -33.8%
SHAREHOLDERS EQUITY
Retained Earnings -$50.75M -$48.69M -$44.51M
YoY Change 13.48% 9.39%
Common Stock $2.780K $250.7K $205.1K
YoY Change -98.64% 22.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.089M $8.609M $11.45M
YoY Change
Total Liabilities & Shareholders Equity $14.09M $15.59M $16.16M
YoY Change -12.75% -3.54% 2233.97%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$1.767M -$763.6K -$515.3K
YoY Change 2287.16% 48.2% 157.52%
Depreciation, Depletion And Amortization $1.469M $389.9K $424.0K
YoY Change 252.06% -8.05% 530.79%
Cash From Operating Activities -$1.041M -$300.8K -$32.82K
YoY Change -247.17% 816.61% -84.48%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$6.780K
YoY Change -100.0% -100.0% -96.05%
Acquisitions
YoY Change
Other Investing Activities $1.302M $246.6K -$490.3K
YoY Change -262.75% -150.3% -558.56%
Cash From Investing Activities $1.302M $246.6K -$497.1K
YoY Change -258.44% -149.61% 668.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.00K 0.000 -1.660K
YoY Change -100.0% -100.73%
NET CHANGE
Cash From Operating Activities -1.041M -300.8K -32.82K
Cash From Investing Activities 1.302M 246.6K -497.1K
Cash From Financing Activities -50.00K 0.000 -1.660K
Net Change In Cash 211.9K -54.19K -531.6K
YoY Change -284.28% -89.81% 976.57%
FREE CASH FLOW
Cash From Operating Activities -$1.041M -$300.8K -$32.82K
Capital Expenditures $0.00 $0.00 -$6.780K
Free Cash Flow -$1.041M -$300.8K -$26.04K
YoY Change -242.77% 1055.26% -34.79%

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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1896096 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
13229 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13229 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-403389 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1941808 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
490280 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2097537 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86891 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
155729 usd
us-gaap Interest Paid Net
InterestPaidNet
197 usd
us-gaap Interest Paid Net
InterestPaidNet
462 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
intv Equipment Deposits Transferred To Property And Equipment
EquipmentDepositsTransferredToPropertyAndEquipment
2387681 usd
intv Equipment Deposits Transferred To Property And Equipment
EquipmentDepositsTransferredToPropertyAndEquipment
7625326 usd
intv Common Stock Issued For Common Stock Payable
CommonStockIssuedForCommonStockPayable
0 usd
intv Common Stock Issued For Common Stock Payable
CommonStockIssuedForCommonStockPayable
5480000 usd
intv Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
785542 usd
intv Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
267022 usd
intv Conversion Of Series B Preferred Stock For Common Stock
ConversionOfSeriesBPreferredStockForCommonStock
19000 usd
intv Conversion Of Series B Preferred Stock For Common Stock
ConversionOfSeriesBPreferredStockForCommonStock
2474 usd
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
24425 shares
intv Non Cash Deemed Dividend For Warrant Modification
NonCashDeemedDividendForWarrantModification
162037 usd
intv Non Cash Deemed Dividend For Warrant Modification
NonCashDeemedDividendForWarrantModification
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates.</p>
CY2022Q4 intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
-43899 usd
CY2021Q4 intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
-189240 usd
intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
-67914 usd
intv Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
527833 usd
CY2022Q4 intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
370292 usd
CY2021Q4 intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
2076298 usd
intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
925657 usd
intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
3116369 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-46715 usd
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
250671076 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
207246592 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204309169 shares
intv Dilutive Effect Of Convertible Preferred Stock
DilutiveEffectOfConvertiblePreferredStock
86917712 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291226881 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain amounts in the financial statements for prior year periods have been reclassified to conform to the presentation for the current year periods.</p>
CY2022Q4 intv Current Liabilities Exceeded Current Assets
CurrentLiabilitiesExceededCurrentAssets
2762078 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-48689722 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17228107 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14969783 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2427863 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1688399 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14800244 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13281384 usd
CY2022Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
389901 usd
CY2021Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
424025 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
822106 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
724880 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-46715 usd
CY2021Q2 intv Warrants Issued Upon Sale Of Common Stock
WarrantsIssuedUponSaleOfCommonStock
30000000 shares
CY2022Q3 intv Dividend Due
DividendDue
162037 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
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
CY2022Q4 intv Equipment Deposits
EquipmentDeposits
0 usd
CY2022Q2 intv Equipment Deposits
EquipmentDeposits
2355167 usd
us-gaap Related Party Costs
RelatedPartyCosts
471593 usd
intv Description Of Compensastion
DescriptionOfCompensastion
Effective July 1, 2022, the Board of Directors agreed to update Mr. Rubakh’s compensation setting his annual salary at $250,000 with a quarterly bonus of $50,000 and 50,000 shares of Series B preferred stock
CY2022Q4 us-gaap Share Based Compensation
ShareBasedCompensation
207500 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
145000 usd
intv Agreement Term
AgreementTerm
P36Y
CY2022Q4 intv Power Expense Durinng The Year
PowerExpenseDurinngTheYear
69475 usd
intv Power Expense Durinng The Year
PowerExpenseDurinngTheYear
180432 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
52964 usd
us-gaap Interest Expense
InterestExpense
105928 usd
CY2019Q1 intv Revised Authorized Preferred Shares
RevisedAuthorizedPreferredShares
20000000 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
24424484 shares
CY2022Q2 intv Number Of Warrants Outstanding Beginning
NumberOfWarrantsOutstandingBeginning
41000000 shares
CY2022Q2 intv Weighted Average Exercise Price Beginning
WeightedAverageExercisePriceBeginning
0.30
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
intv Number Of Warrants Exercised
NumberOfWarrantsExercised
-24424484 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.001
intv Number Of Warrants Forfeited Or Expired
NumberOfWarrantsForfeitedOrExpired
-575516 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.001
CY2022Q4 intv Number Of Warrants Outstanding And Exercisable Ending
NumberOfWarrantsOutstandingAndExercisableEnding
16000000 shares
CY2022Q4 intv Weighted Average Exercise Price Outstanding And Exercisable Ending
WeightedAverageExercisePriceOutstandingAndExercisableEnding
0.207
intv Weighted Average Remaining Contract Term Outstanding And Exercisable
WeightedAverageRemainingContractTermOutstandingAndExercisable
P3Y2M1D
intv Aggergate Intrinsic Value Outstanding And Exercisable
AggergateIntrinsicValueOutstandingAndExercisable
87000 usd
CY2022Q4 intv Debtinstrumentconvertibleconversionintrinsic Value
DebtinstrumentconvertibleconversionintrinsicValue
0.0184
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
9787978 shares
us-gaap Payments Of Dividends
PaymentsOfDividends
293639 usd
intv Warrant Exercise
WarrantExercise
4852507 shares

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