2023 Q4 Form 10-Q Financial Statement

#000147793223008453 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $1.728M $1.059M $555.4K
YoY Change 366.69% 90.7% -71.0%
Cost Of Revenue $1.917M $1.573M $768.9K
YoY Change 182.53% 104.63% -28.34%
Gross Profit -$189.4K -$514.3K -$213.5K
YoY Change -38.6% 140.86% -125.36%
Gross Profit Margin -10.96% -48.56% -38.45%
Selling, General & Admin $202.6K $8.477M $393.3K
YoY Change -32.98% 2055.61% 86.05%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $745.7K $733.6K $432.2K
YoY Change 91.26% 69.72% 43.66%
% of Gross Profit
Operating Expenses $324.2K $8.477M $393.3K
YoY Change 7.28% 2055.6% 86.05%
Operating Profit -$513.6K -$8.992M -$606.8K
YoY Change -15.89% 1381.82% -196.2%
Interest Expense $23.88K $23.03K $108.9K
YoY Change -54.91% -78.84% 28395.29%
% of Operating Profit
Other Income/Expense, Net $159.3K $0.00 -$179.6K
YoY Change -204.13% -100.0% -125.06%
Pretax Income -$354.3K -$9.035M -$786.4K
YoY Change -53.6% 1048.96% -158.36%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$354.3K -$9.035M -$786.4K
YoY Change -53.6% 1048.96% -158.36%
Net Earnings / Revenue -20.5% -853.13% -141.6%
Basic Earnings Per Share -$0.13 $0.00
Diluted Earnings Per Share -$0.13 -$2.79 $0.00
COMMON SHARES
Basic Shares Outstanding 4.000M shares 4.000M shares 246.8M shares
Diluted Shares Outstanding 4.229M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.45K $57.67K $141.1K
YoY Change -68.41% -59.13% -79.47%
Cash & Equivalents $27.45K $57.67K $141.1K
Short-Term Investments
Other Short-Term Assets $4.220K $10.93K $10.12K
YoY Change -33.12% 8.0% -83.39%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $31.67K $68.60K $151.2K
YoY Change -66.02% -54.63% -79.79%
LONG-TERM ASSETS
Property, Plant & Equipment $4.047M $4.603M $15.19M
YoY Change -72.66% -69.7% 367.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $578.2K $578.2K $578.9K
YoY Change -0.12% -0.12% -93.88%
Other Assets $788.9K $477.9K $29.78K
YoY Change 572.69% 1504.87% -97.64%
Total Long-Term Assets $5.414M $5.659M $15.80M
YoY Change -65.06% -64.18% 13.08%
TOTAL ASSETS
Total Short-Term Assets $31.67K $68.60K $151.2K
Total Long-Term Assets $5.414M $5.659M $15.80M
Total Assets $5.445M $5.728M $15.95M
YoY Change -65.07% -64.09% 8.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.5K $338.2K $87.11K
YoY Change 90.28% 288.27% 225.7%
Accrued Expenses $117.2K $144.2K $65.00K
YoY Change -3.02% 121.91% 2093.72%
Deferred Revenue
YoY Change
Short-Term Debt $500.0K $500.0K $438.4K
YoY Change 1.76% 14.05% 5683.64%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.026M $3.056M $1.965M
YoY Change 5.98% 55.51% 374.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.026M $3.056M $1.965M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.026M $3.056M $1.965M
YoY Change 5.98% 55.51% 374.67%
SHAREHOLDERS EQUITY
Retained Earnings -$82.91M -$82.34M -$47.29M
YoY Change 70.28% 74.11% 7.83%
Common Stock $5.065K $4.000K $246.8K
YoY Change -97.98% -98.38% 20.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.706M -$1.453M $9.860M
YoY Change
Total Liabilities & Shareholders Equity $5.445M $5.728M $15.95M
YoY Change -65.07% -64.09% 8.36%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$354.3K -$9.035M -$786.4K
YoY Change -53.6% 1048.96% -158.36%
Depreciation, Depletion And Amortization $745.7K $733.6K $432.2K
YoY Change 91.26% 69.72% 43.66%
Cash From Operating Activities -$1.363M -$934.3K -$893.0K
YoY Change 352.93% 4.63% -261965.98%
INVESTING ACTIVITIES
Capital Expenditures $1.740K $36.75K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.386M $781.0K $543.8K
YoY Change 461.77% 43.63% -138.87%
Cash From Investing Activities $1.384M $781.0K $543.8K
YoY Change 461.07% 43.62% -138.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.50K -$47.03K $0.00
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -1.363M -$934.3K -$893.0K
Cash From Investing Activities 1.384M $781.0K $543.8K
Cash From Financing Activities -51.50K -$47.03K $0.00
Net Change In Cash -30.22K -$200.3K -$349.2K
YoY Change -44.23% -42.63% -75.24%
FREE CASH FLOW
Cash From Operating Activities -$1.363M -$934.3K -$893.0K
Capital Expenditures $1.740K $36.75K $0.00
Free Cash Flow -$1.364M -$971.0K -$893.0K
YoY Change 353.51% 8.74% -261965.98%

Facts In Submission

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<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>
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CY2022Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023Q3 intv Equipment Deposits Transferred To Property And Equipment
EquipmentDepositsTransferredToPropertyAndEquipment
0 usd
CY2022Q3 intv Equipment Deposits Transferred To Property And Equipment
EquipmentDepositsTransferredToPropertyAndEquipment
2387681 usd
CY2023Q3 intv Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
207797 usd
CY2022Q3 intv Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
153255 usd
CY2023Q3 intv Conversion Of Series B Preferred Stock For Common Stock
ConversionOfSeriesBPreferredStockForCommonStock
1136 usd
CY2022Q3 intv Conversion Of Series B Preferred Stock For Common Stock
ConversionOfSeriesBPreferredStockForCommonStock
152 usd
CY2023Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36750 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
CY2023Q3 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
189185 usd
CY2022Q3 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
CY2023Q3 intv Issuance Of Common Shares For Exercise Of Warrants
IssuanceOfCommonSharesForExerciseOfWarrants
0 usd
CY2022Q3 intv Issuance Of Common Shares For Exercise Of Warrants
IssuanceOfCommonSharesForExerciseOfWarrants
164 usd
CY2023Q3 intv Deemed Dividend For Warrant Modification
DeemedDividendForWarrantModification
0 usd
CY2022Q3 intv Deemed Dividend For Warrant Modification
DeemedDividendForWarrantModification
162037 usd
CY2023Q3 intv Gain Loss On Disposition Of Digital Currencies
GainLossOnDispositionOfDigitalCurrencies
-20455 usd
CY2022Q3 intv Gain Loss On Disposition Of Digital Currencies
GainLossOnDispositionOfDigitalCurrencies
-24015 usd
CY2023Q3 intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
1059064 usd
CY2022Q3 intv Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
555365 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-46715 usd
CY2023Q3 intv Current Liabilities Exceeded Current Assets
CurrentLiabilitiesExceededCurrentAssets
2986954 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-82344841 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8944786 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8908036 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4341766 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3608202 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4603020 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5299834 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
733564 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
432205 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-46715 usd
CY2023Q3 intv Description Of Compensastion
DescriptionOfCompensastion
Mr. Rubakh’s annual salary was $250,000 ($62,500 quarterly). In addition, quarterly bonuses of $50,000 were approved by the Board of Directors. Additionally, the Company issued to Mr. Rubakh 50,000 shares
CY2022Q3 intv Description Of Compensastion
DescriptionOfCompensastion
Mr. Rubakh’s annual salary was $250,000 ($62,500 quarterly). In addition, quarterly bonuses of $50,000 were approved by the Board of Directors. Additionally, the Company issued to Mr. Rubakh 50,000 shares
CY2023Q3 intv Converted Series B Preferred Stock Into Common Stock Value
ConvertedSeriesBPreferredStockIntoCommonStockValue
207500 usd
CY2023Q3 intv Compensation Expense Durinng The Year
CompensationExpenseDurinngTheYear
8412500 usd
CY2022Q3 intv Compensation Expense Durinng The Year
CompensationExpenseDurinngTheYear
320000 usd
CY2023Q3 intv Agreement Term
AgreementTerm
P36M
CY2023Q3 intv Number Of Warrants Exercise
NumberOfWarrantsExercise
88000 shares
CY2023Q3 intv Cash Less Exercise Of Warrants
CashLessExerciseOfWarrants
240000 shares
CY2022Q3 intv Dividend Due
DividendDue
162037 usd
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
20507692 shares
CY2022Q3 intv Number Of Warrants Exercise
NumberOfWarrantsExercise
20894900 shares

Files In Submission

Name View Source Status
intv-20230930_pre.xml Edgar Link unprocessable
0001477932-23-008453-index-headers.html Edgar Link pending
0001477932-23-008453-index.html Edgar Link pending
0001477932-23-008453.txt Edgar Link pending
0001477932-23-008453-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
intv-20230930.xsd Edgar Link pending
intv_10q.htm Edgar Link pending
intv_ex311.htm Edgar Link pending
intv_ex321.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
intv-20230930_lab.xml Edgar Link unprocessable
intv-20230930_def.xml Edgar Link unprocessable
intv-20230930_cal.xml Edgar Link unprocessable
intv_10q_htm.xml Edgar Link completed
R29.htm Edgar Link pending
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report.css Edgar Link pending
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