2024 Q2 Form 10-Q Financial Statement
#000166357724000133 Filed on May 15, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
Revenue | $78.64M | $51.41M | $24.67M |
YoY Change | 139.56% | 108.44% | 27.02% |
Cost Of Revenue | $76.47M | $50.04M | $23.45M |
YoY Change | 138.67% | 113.37% | 23.84% |
Gross Profit | $2.164M | $1.379M | $1.217M |
YoY Change | 175.81% | 13.34% | 151.36% |
Gross Profit Margin | 2.75% | 2.68% | 4.93% |
Selling, General & Admin | $2.352M | $1.495M | $1.440M |
YoY Change | 146.83% | 3.85% | 59.95% |
% of Gross Profit | 108.73% | 108.42% | 118.33% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $33.78K | $35.16K | $34.06K |
YoY Change | -1.89% | 3.23% | 1.52% |
% of Gross Profit | 1.56% | 2.55% | 2.8% |
Operating Expenses | $2.506M | $1.562M | $1.534M |
YoY Change | 141.59% | 1.84% | 56.75% |
Operating Profit | -$342.1K | -$183.5K | -$317.5K |
YoY Change | 35.37% | -42.23% | -35.82% |
Interest Expense | -$1.612M | -$365.5K | $192.7K |
YoY Change | -1377.32% | -289.7% | -1393.89% |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.557M | -$396.8K | $158.7K |
YoY Change | -1809.06% | -350.0% | -3698.82% |
Pretax Income | -$1.899M | -$580.2K | -$158.8K |
YoY Change | 1074.56% | 265.32% | -69.73% |
Income Tax | $65.28K | ||
% Of Pretax Income | |||
Net Earnings | -$1.964M | -$580.2K | -$363.2K |
YoY Change | 817.94% | 59.76% | -34.56% |
Net Earnings / Revenue | -2.5% | -1.13% | -1.47% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.01 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 176.8M shares | 176.3M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $797.2K | $2.726M | $1.777M |
YoY Change | -29.25% | 53.36% | -57.96% |
Cash & Equivalents | $797.2K | $2.726M | $1.777M |
Short-Term Investments | |||
Other Short-Term Assets | $1.307M | $1.500M | $50.86K |
YoY Change | 3628.94% | 2849.27% | -63.96% |
Inventory | $26.94K | $26.94K | $26.12K |
Prepaid Expenses | $1.969M | $1.975M | $563.2K |
Receivables | $13.77M | $9.000M | $3.970M |
Other Receivables | $1.324M | $1.025M | $913.3K |
Total Short-Term Assets | $17.22M | $15.62M | $6.737M |
YoY Change | 142.62% | 131.85% | -8.61% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $583.3K | $559.5K | $433.1K |
YoY Change | 23.18% | 29.18% | 8.58% |
Goodwill | $10.68M | $5.172M | $5.172M |
YoY Change | 106.43% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $979.7K | $241.0K | $445.1K |
YoY Change | 1698.63% | -45.85% | 0.86% |
Total Long-Term Assets | $12.77M | $6.499M | $6.150M |
YoY Change | 104.12% | 5.68% | 148.23% |
TOTAL ASSETS | |||
Total Short-Term Assets | $17.22M | $15.62M | $6.737M |
Total Long-Term Assets | $12.77M | $6.499M | $6.150M |
Total Assets | $29.99M | $22.12M | $12.89M |
YoY Change | 124.58% | 71.64% | 30.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.507M | $1.615M | $2.270M |
YoY Change | 177.83% | -28.88% | 49.2% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $3.555M | $3.469M | $0.00 |
YoY Change | 1302.48% | ||
Long-Term Debt Due | $2.545M | $103.7K | $95.41K |
YoY Change | 913.03% | 8.73% | -71.61% |
Total Short-Term Liabilities | $22.20M | $13.48M | $6.301M |
YoY Change | 221.17% | 114.01% | 137.81% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $90.21K | $100.3K | |
YoY Change | -10.02% | -7.55% | |
Other Long-Term Liabilities | $214.1K | $169.7K | $156.0K |
YoY Change | 34.39% | 8.82% | 0.86% |
Total Long-Term Liabilities | $214.1K | $260.0K | $256.2K |
YoY Change | -18.19% | 1.45% | -2.61% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $22.20M | $13.48M | $6.301M |
Total Long-Term Liabilities | $214.1K | $260.0K | $256.2K |
Total Liabilities | $22.41M | $13.74M | $6.557M |
YoY Change | 212.43% | 109.61% | 236.83% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$28.90M | -$26.89M | -$24.87M |
YoY Change | 15.23% | 8.15% | |
Common Stock | $179.6K | $177.6K | $164.6K |
YoY Change | 9.05% | 7.89% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $7.572M | $8.374M | $7.049M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $29.99M | $22.12M | $12.89M |
YoY Change | 124.58% | 71.64% | 30.84% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.964M | -$580.2K | -$363.2K |
YoY Change | 817.94% | 59.76% | -34.56% |
Depreciation, Depletion And Amortization | $33.78K | $35.16K | $34.06K |
YoY Change | -1.89% | 3.23% | 1.52% |
Cash From Operating Activities | -$2.615M | -$536.9K | $197.2K |
YoY Change | 184.66% | -372.31% | -144.04% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $31.81K | $71.66K | $63.25K |
YoY Change | -53.9% | 13.3% | -353.8% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.065M | -$1.551M | -$79.70K |
YoY Change | 1486.97% | 1846.34% | |
Cash From Investing Activities | -$1.097M | -$1.623M | -$142.9K |
YoY Change | 706.02% | 1035.31% | 473.62% |
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 | 1.784M | $3.523M | $391.0K |
YoY Change | 345.94% | 800.96% | -71.42% |
NET CHANGE | |||
Cash From Operating Activities | -2.615M | -$536.9K | $197.2K |
Cash From Investing Activities | -1.097M | -$1.623M | -$142.9K |
Cash From Financing Activities | 1.784M | $3.523M | $391.0K |
Net Change In Cash | -1.928M | $1.363M | $447.8K |
YoY Change | 194.54% | 204.33% | -49.99% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.615M | -$536.9K | $197.2K |
Capital Expenditures | $31.81K | $71.66K | $63.25K |
Free Cash Flow | -$2.647M | -$608.6K | $133.9K |
YoY Change | 167.99% | -554.43% | -131.68% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Other Assets Current
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Minority Interest
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Revenues
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Revenues
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Cost Of Revenue
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|
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Gross Profit
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|
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Gross Profit
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|
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General And Administrative Expense
GeneralAndAdministrativeExpense
|
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General And Administrative Expense
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Operating Expenses
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Operating Expenses
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Operating Income Loss
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Operating Income Loss
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Other Nonoperating Income
OtherNonoperatingIncome
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Other Nonoperating Income Expense
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Interest Expense2
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Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
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Nonoperating Income Expense
NonoperatingIncomeExpense
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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|
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CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-580216 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-158822 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
229551 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
204363 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-809767 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-363185 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-580216 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-158822 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
|
-1577 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-580216 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-157245 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
229551 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
205136 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-809767 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-362381 | usd |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2024Q1 | IQST |
Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
|
175152920 | shares |
CY2023Q1 | IQST |
Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
|
164034479 | shares |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8045872 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
31065 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
279660 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
597777 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-580216 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8374158 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5835417 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
400000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
11230 | usd |
CY2023Q1 | IQST |
Resolution Of Derivative Liabilities Value
ResolutionOfDerivativeLiabilitiesValue
|
240258 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
1577 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-158822 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6329660 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-580216 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-158822 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
31065 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11230 | usd |
CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
725 | usd |
CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
35161 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
34060 | usd |
CY2024Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
207742 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
-196307 | usd |
CY2024Q1 | us-gaap |
Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
|
-102660 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2743089 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-564365 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
185 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
552204 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
16204 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-5131 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-556055 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
537667 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-1969040 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-583957 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-536888 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
197163 | usd |
CY2024Q1 | us-gaap |
Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
|
-1500000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
71662 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
63247 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
-80000 | usd |
CY2024Q1 | us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
51230 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
300 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1622892 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-142947 | usd |
CY2024Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
8885 | usd |
CY2023Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
9006 | usd |
CY2023Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
400000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
|
3722500 | usd |
CY2024Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
-190932 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3522683 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
390994 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2627 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1362903 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
447837 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1362668 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1329389 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2725571 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1777226 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
89578 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
279660 | usd |
CY2023Q1 | IQST |
Resolution Of Derivative Liabilities Value
ResolutionOfDerivativeLiabilitiesValue
|
240258 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
597777 | usd |
CY2024Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2024Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2011-06-24 | |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
357500 | usd |
CY2024Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
133207 | usd |
CY2023Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
20000 | usd |
CY2024Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1975266 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1449094 | usd |
CY2024Q1 | us-gaap |
Reclassifications
Reclassifications
|
<p id="xdx_84D_eus-gaap--Reclassifications_zMeRet0yrIQb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><i>Reclassification</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Certain accounts from prior periods have been reclassified to conform to the current period presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_zUOQYzIUjo32" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The preparation of the consolidated financial statements in conformity with GAAP in the United States of America 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2024Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2024Q1 | us-gaap |
Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
|
725 | usd |
CY2023Q1 | us-gaap |
Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
|
0 | usd |
CY2024Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
115922 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
312116 | usd |
CY2024Q1 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1320870 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
738050 | usd |
CY2024Q1 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
21000 | usd |
CY2023Q4 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
21000 | usd |
CY2024Q1 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
26767 | usd |
CY2023Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
428 | usd |
CY2024Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
357500 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1386671 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1323432 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
-827174 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
-800435 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
559497 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
522997 | usd |
CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
35161 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
34060 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
193952 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
367837 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
193952 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
364087 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
103738 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
264988 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
90214 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
99099 | usd |
CY2024Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
8885 | usd |
CY2023Q1 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
9006 | usd |
CY2024Q1 | us-gaap |
Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
|
-102660 | usd |
CY2024Q1 | us-gaap |
Loans Payable
LoansPayable
|
259447 | usd |
CY2023Q4 | us-gaap |
Loans Payable
LoansPayable
|
259447 | usd |
CY2024Q1 | us-gaap |
Other Loans Payable Current
OtherLoansPayableCurrent
|
259447 | usd |
CY2023Q4 | us-gaap |
Other Loans Payable Current
OtherLoansPayableCurrent
|
259447 | usd |
CY2024Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
4392620 | usd |
CY2023Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
369044 | usd |
CY2024Q1 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3469435 | usd |
CY2023Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
330032 | usd |
CY2024Q1 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3469435 | usd |
CY2023Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
330032 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
5455354 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
177584984 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
177584984 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
172129630 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
172129630 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1200000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1200000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
391745 | usd |
CY2023Q4 | us-gaap |
Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
|
340515 | usd |
CY2024Q1 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
26613 | usd |
CY2023Q4 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
26613 | usd |
CY2024Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
211500 | usd |
CY2023Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
144000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
31065 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
11230 | usd |
CY2024Q1 | us-gaap |
Financial Guarantee Insurance Contracts Risk Management Activities Mitigating Claim Liabilities Accrued Liabilities
FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities
|
137127 | usd |
CY2023Q4 | us-gaap |
Financial Guarantee Insurance Contracts Risk Management Activities Mitigating Claim Liabilities Accrued Liabilities
FinancialGuaranteeInsuranceContractsRiskManagementActivitiesMitigatingClaimLiabilitiesAccruedLiabilities
|
100128 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P12M | |
CY2024Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
7122 | usd |
CY2023Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
900 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
51414878 | usd |
CY2024Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
50035852 | usd |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
1379026 | usd |
CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1562478 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-183452 | usd |
CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-396764 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-580216 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
24666529 | usd |
CY2023Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
23449793 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
1216736 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1534266 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-317530 | usd |
CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
158708 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-158822 | usd |
CY2024Q1 | us-gaap |
Assets Current
AssetsCurrent
|
15619755 | usd |
CY2024Q1 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
6499015 | usd |
CY2024Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13484660 | usd |
CY2024Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
259952 | usd |
CY2023Q1 | us-gaap |
Assets Current
AssetsCurrent
|
15719172 | usd |
CY2023Q1 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
6436481 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
13840944 | usd |
CY2023Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
268837 | usd |