2022 Q1 Form 10-Q Financial Statement
#000121390022026582 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $869.4K | $4.994M |
| YoY Change | -82.59% | 662.53% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $4.500K | $4.170K |
| YoY Change | 7.91% | |
| % of Gross Profit | ||
| Operating Expenses | $873.9K | $4.994M |
| YoY Change | -82.5% | 662.53% |
| Operating Profit | -$873.9K | -$4.994M |
| YoY Change | -82.5% | 662.53% |
| Interest Expense | -$216.8K | -$1.216M |
| YoY Change | -82.17% | 982.65% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$719.6K | $50.00K |
| YoY Change | -1539.12% | |
| Pretax Income | -$1.810M | -$11.39M |
| YoY Change | -84.11% | 714.99% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.810M | -$11.39M |
| YoY Change | -84.11% | 714.99% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$4.897K | -$44.64K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 367.9M shares | |
| Diluted Shares Outstanding | 376.9M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.363M | $7.594M |
| YoY Change | -55.72% | 1069518.31% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $39.33K | $8.260K |
| YoY Change | 376.15% | -24.64% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $3.402M | $7.603M |
| YoY Change | -55.25% | 65046.1% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $24.30K | $74.63K |
| YoY Change | -67.44% | -43.57% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $500.0K | $0.00 |
| YoY Change | -100.0% | |
| Other Assets | $34.80K | $8.800K |
| YoY Change | 295.45% | 120.0% |
| Total Long-Term Assets | $1.426M | $83.44K |
| YoY Change | 1609.49% | -87.09% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.402M | $7.603M |
| Total Long-Term Assets | $1.426M | $83.44K |
| Total Assets | $4.828M | $7.686M |
| YoY Change | -37.18% | 1068.24% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $522.3K | $167.7K |
| YoY Change | 211.46% | -47.1% |
| Accrued Expenses | $41.30K | |
| YoY Change | 0.83% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.753M | $279.3K |
| YoY Change | 527.66% | -41.69% |
| Long-Term Debt Due | $60.29K | |
| YoY Change | ||
| Total Short-Term Liabilities | $2.590M | $5.119M |
| YoY Change | -49.39% | 164.31% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $159.7K | $154.1K |
| YoY Change | 3.65% | |
| Other Long-Term Liabilities | $0.00 | |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $159.7K | $154.1K |
| YoY Change | 3.65% | 273.17% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.590M | $5.119M |
| Total Long-Term Liabilities | $159.7K | $154.1K |
| Total Liabilities | $2.777M | $5.273M |
| YoY Change | -47.34% | 166.59% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.052M | $2.413M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.828M | $7.686M |
| YoY Change | -37.18% | 1068.24% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.810M | -$11.39M |
| YoY Change | -84.11% | 714.99% |
| Depreciation, Depletion And Amortization | $4.500K | $4.170K |
| YoY Change | 7.91% | |
| Cash From Operating Activities | -$760.9K | -$774.2K |
| YoY Change | -1.71% | 262.58% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$179.0K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$4.800K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$179.0K | -$4.800K |
| YoY Change | 3629.79% | -90.4% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.147M | 8.279M |
| YoY Change | -113.86% | 3068.83% |
| NET CHANGE | ||
| Cash From Operating Activities | -760.9K | -774.2K |
| Cash From Investing Activities | -179.0K | -4.800K |
| Cash From Financing Activities | -1.147M | 8.279M |
| Net Change In Cash | -2.087M | 7.500M |
| YoY Change | -127.83% | -330478.41% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$760.9K | -$774.2K |
| Capital Expenditures | -$179.0K | |
| Free Cash Flow | -$581.9K | -$774.2K |
| YoY Change | -24.84% | 373.45% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2022Q1 | qpag |
Share Issue Expenses
ShareIssueExpenses
|
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| CY2022Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
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| CY2022Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
USD | |
| CY2022Q1 | qpag |
Proceeds From Short Term Notes And Convertible Notes
ProceedsFromShortTermNotesAndConvertibleNotes
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
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| CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
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| CY2022Q1 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
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| CY2022Q1 | qpag |
Remaining Lease Term Operating Lease
RemainingLeaseTermOperatingLease
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| CY2022Q1 | qpag |
Undiscounted Minimum Future Lease Payments
UndiscountedMinimumFutureLeasePayments
|
USD | |
| CY2022Q1 | qpag |
Derivative Financial Liability Arising From Convertible Note
DerivativeFinancialLiabilityArisingFromConvertibleNote
|
USD | |
| CY2021Q1 | qpag |
Forgiveness Of Federal Relief Loans
ForgivenessOfFederalReliefLoans
|
USD | |
| CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1810246 | USD |
| CY2021Q1 | qpag |
Noncontrolling Shareholders Interest
NoncontrollingShareholdersInterest
|
USD | |
| CY2022Q1 | qpag |
Loss On Conversion Of Debt To Equity
LossOnConversionOfDebtToEquity
|
USD | |
| CY2022Q1 | qpag |
Proceeds From Shares Issued For Services
ProceedsFromSharesIssuedForServices
|
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| CY2022Q1 | qpag |
Amortization Of Right Of Use Asset
AmortizationOfRightOfUseAsset
|
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| CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
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| CY2022Q1 | qpag |
Investment In Deposits
InvestmentInDeposits
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD |
