2021 Form 10-K Financial Statement

#000147793222001870 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $6.749M $1.260M $3.282M
YoY Change 105.64% 273.5% -28.51%
Cost Of Revenue $4.861M $909.2K $1.789M
YoY Change 171.72% 273.47% -50.1%
Gross Profit $1.888M $350.5K $1.493M
YoY Change 26.47% 273.57% 48.35%
Gross Profit Margin 27.98% 27.82% 45.5%
Selling, General & Admin $1.252M $534.6K $788.5K
YoY Change 58.83% -11.5% -82.57%
% of Gross Profit 66.32% 152.56% 52.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.876K $500.00 $9.932K
YoY Change -81.11% 85.19% 828.22%
% of Gross Profit 0.1% 0.14% 0.67%
Operating Expenses $2.526M $534.6K $1.882M
YoY Change 34.21% -11.5% -58.41%
Operating Profit -$637.1K -$184.2K -$388.7K
YoY Change 63.92% -63.91% -88.95%
Interest Expense $869.9K $2.176M $1.752M
YoY Change -50.34% -61.73% -13710.8%
% of Operating Profit
Other Income/Expense, Net $631.6K $0.00 -$2.670M
YoY Change -123.66% 18518.35%
Pretax Income $1.694M $2.337M $1.536M
YoY Change 10.27% -54.83% -143.34%
Income Tax
% Of Pretax Income
Net Earnings -$5.474K $2.337M -$3.059M
YoY Change -99.82% -54.83% -13.72%
Net Earnings / Revenue -0.08% 185.56% -93.19%
Basic Earnings Per Share $0.00 -$0.05
Diluted Earnings Per Share $0.00 $33.80K -$0.05
COMMON SHARES
Basic Shares Outstanding 72.13M shares 64.18M shares
Diluted Shares Outstanding 77.50M shares 64.18M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $344.8K $489.6K $489.6K
YoY Change -29.57% 7.92% 7.92%
Cash & Equivalents $489.6K
Short-Term Investments
Other Short-Term Assets $8.600K $148.5K $148.5K
YoY Change -94.21% -40.98% -40.98%
Inventory $196.7K $189.4K $189.4K
Prepaid Expenses $148.5K
Receivables $591.2K $292.8K $292.8K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.141M $1.120M $1.120M
YoY Change 1.88% 11.97% 11.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.470K $3.348K $3.350K
YoY Change -56.12% -85.17% -85.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.470K $3.348K $3.350K
YoY Change -56.12% -85.17% -85.16%
TOTAL ASSETS
Total Short-Term Assets $1.141M $1.120M $1.120M
Total Long-Term Assets $1.470K $3.348K $3.350K
Total Assets $1.143M $1.124M $1.124M
YoY Change 1.7% 9.83% 9.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $382.9K $279.2K $279.2K
YoY Change 37.15% -19.73% -19.73%
Accrued Expenses $2.469M $2.075M $2.075M
YoY Change 19.0% 6.3% 6.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $789.0K $918.4K $918.4K
YoY Change -14.09% -24.1% -24.31%
Total Short-Term Liabilities $4.693M $6.681M $6.681M
YoY Change -29.76% 23.48% 23.48%
LONG-TERM LIABILITIES
Long-Term Debt $705.0K $147.9K $147.9K
YoY Change 376.57%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $705.0K $147.9K $147.9K
YoY Change 376.57% -32.75% -32.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.693M $6.681M $6.681M
Total Long-Term Liabilities $705.0K $147.9K $147.9K
Total Liabilities $5.398M $6.829M $6.829M
YoY Change -20.96% 21.28% 21.28%
SHAREHOLDERS EQUITY
Retained Earnings -$11.13M
YoY Change
Common Stock $66.37K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.255M -$5.705M -$5.705M
YoY Change
Total Liabilities & Shareholders Equity $1.143M $1.124M $1.124M
YoY Change 1.7% 9.83% 9.83%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$5.474K $2.337M -$3.059M
YoY Change -99.82% -54.83% -13.72%
Depreciation, Depletion And Amortization $1.876K $500.00 $9.932K
YoY Change -81.11% 85.19% 828.22%
Cash From Operating Activities -$1.237M -$186.6K -$1.106M
YoY Change 11.91% -62.25% -51.85%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $846.4K
YoY Change 29086.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.093M 77.16K $1.142M
YoY Change -4.3% -64.11% -31.88%
NET CHANGE
Cash From Operating Activities -$1.237M -186.6K -$1.106M
Cash From Investing Activities $0.00 0.000 0.000
Cash From Financing Activities $1.093M 77.16K $1.142M
Net Change In Cash -$144.7K -109.4K $35.94K
YoY Change -502.79% -60.81% -105.79%
FREE CASH FLOW
Cash From Operating Activities -$1.237M -$186.6K -$1.106M
Capital Expenditures
Free Cash Flow
YoY Change

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390383 USD
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
172744 USD
CY2020 us-gaap Restricted Stock Expense
RestrictedStockExpense
199537 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Note 1: Organization and Nature of Operations</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Jacksam Corporation dba Convectium is a technology company focused on developing and commercializing products of vaporizer cartridge filling &amp; capping, pre-roll filling, and other automation systems. The Company’s product line primarily consisted of the 710 Shark cartridge filling machine, the 710 Captain cartridge capping machine, the “PreRoll-ER” pre-roll &amp; cone filling machine, and cartridges. The Company’s customers are primarily businesses operating in jurisdictions that have some form of cannabis legalization. These businesses include medical and recreational dispensaries, large and small-scale processors and growers, multi-state operators, and distributors. The Company utilizes its direct sales force, website, strategic partners’ sales force, independent sales representatives, and a wide range of referral network to sell its products.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company was incorporated in the State of Nevada on September 21, 1989 under the name of Fulton Ventures, Inc. Since incorporated, the Company has engaged in a variety of businesses, but has been inactive since late 2014 through the Merger that closed on September 14, 2018. Since the Merger, the Company has been operated under the control of current management and continued to operate the business of Jacksam Corporation, described herein, as our sole business.</p>
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7422 USD
CY2021 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
846750 USD
CY2020 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 USD
CY2021 jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-558765 USD
CY2020 jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-3085549 USD
CY2021 jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
72126152 USD
CY2020 jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
64184514 USD
CY2021 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1400000 USD
CY2020 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
0 USD
CY2021 jksm Dilutive Effect Of Convertible Debt
DilutiveEffectOfConvertibleDebt
3969136 USD
CY2020 jksm Dilutive Effect Of Convertible Debt
DilutiveEffectOfConvertibleDebt
0 USD
CY2021 jksm Dilutive Effect Of Common Stock Warrants
DilutiveEffectOfCommonStockWarrants
0 USD
CY2020 jksm Dilutive Effect Of Common Stock Warrants
DilutiveEffectOfCommonStockWarrants
0 USD
CY2021 jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
WeightedAverageSharesOutstandingForDilutedNetIncomeLossPerShare
77669683 USD
CY2020 jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
WeightedAverageSharesOutstandingForDilutedNetIncomeLossPerShare
64184514 USD
CY2021 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 is in conformity with U.S. GAAP and requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Such estimates and assumptions impact both assets and liabilities, including but not limited to net realizable value of accounts receivable and inventory, estimated useful lives and potential impairment of property and equipment, estimate of fair value of share-based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount and estimates of the probability and potential magnitude of contingent liabilities. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future nonconforming events. Accordingly, actual results could differ significantly from estimates.</p>
CY2021 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
665169 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
366835 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
74000 USD
CY2021 jksm Machine Sales
MachineSales
5218158 USD
CY2020 jksm Machine Sales
MachineSales
1969693 USD
CY2021 jksm Inventory Allowance
InventoryAllowance
18800 USD
CY2020 jksm Inventory Allowance
InventoryAllowance
0 USD
CY2021 jksm Performance Obligation
PerformanceObligation
171771 USD
CY2020 jksm Performance Obligation
PerformanceObligation
1024466 USD
CY2021 jksm Consumable Product Sales
ConsumableProductSales
1530907 USD
CY2020 jksm Consumable Product Sales
ConsumableProductSales
1312242 USD
CY2021 us-gaap Revenues
Revenues
6749065 USD
CY2020 us-gaap Revenues
Revenues
3281935 USD
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
106872 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
56518 USD
CY2021 jksm Summary Of Effect Of Potential Dilutive Issuances
SummaryOfEffectOfPotentialDilutiveIssuances
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Years Ended</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net loss attributable to common stockholders</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(12,896</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(3,085,549</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Preferred stock dividends</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7,422</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Derivative gain</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(1,400,011</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Interest expense associated with convertible debt</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">846,750</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net income (loss) for dilutive calculation</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(558,765</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">(3,085,549</td><td style="PADDING-BOTTOM: 3px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Weighted average shares outstanding</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">72,126,152</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">64,184,514</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dilutive effect of preferred stock</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,400,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dilutive effect of convertible debt</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,969,136</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dilutive effect of common stock warrants</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Weighted average shares outstanding for diluted net income (loss) per share</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">77,669,683</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">64,184,514</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-12896 USD
CY2020 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-3085549 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1472 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3348 USD
CY2021 jksm Depreciation Expense
DepreciationExpense
1876 USD
CY2020 jksm Depreciation Expense
DepreciationExpense
9428 USD
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
11189056 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3969136 shares
CY2020Q4 jksm Additional Common Stock Shares Issued
AdditionalCommonStockSharesIssued
583333 shares
CY2020 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
2777778 shares
CY2021 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2222223 shares
CY2020 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
4421662 shares
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20644 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20644 USD
CY2021Q4 jksm Less Accumulated Depreciation
LessAccumulatedDepreciation
-19172 USD
CY2020Q4 jksm Less Accumulated Depreciation
LessAccumulatedDepreciation
-17296 USD
CY2021Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0 USD
CY2020Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0 USD
CY2020 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
2777778 shares
CY2021Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
414930 shares
CY2021Q1 jksm Warrants To Purchase Shares Of Common Stock
WarrantsToPurchaseSharesOfCommonStock
207465 shares
CY2020Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
109104 USD
CY2021Q4 jksm Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
705038 USD
CY2020Q4 jksm Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
147942 USD
CY2019Q4 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
14835 USD
CY2021Q3 jksm Investor Fees
InvestorFees
5000 USD
CY2021Q3 jksm Financing Fees
FinancingFees
27500 USD
CY2021Q3 jksm Common Stock To A Lender
CommonStockToALender
843750 shares
CY2021Q1 jksm Warrants To Purchase Shares Of Common Stock Exercise Price
WarrantsToPurchaseSharesOfCommonStockExercisePrice
0.18
CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
55273 USD
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CY2021Q3 us-gaap Deferred Purchased Power Costs
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CY2021Q4 us-gaap Convertible Notes Payable
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744444 USD
CY2020Q4 us-gaap Convertible Notes Payable
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CY2021Q4 jksm Less Debt Discount And Deferred Finance Costs On Short Term Convertible Notes
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-43269 USD
CY2020Q4 jksm Less Debt Discount And Deferred Finance Costs On Short Term Convertible Notes
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CY2020Q4 us-gaap Convertible Notes Payable Current
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CY2020 jksm Convertible Notes Payable1
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CY2021 us-gaap Debt Conversion Original Debt Amount1
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CY2021Q4 us-gaap Convertible Preferred Stock Shares Reserved For Future Issuance
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2525000 shares
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230000000 shares
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CY2021 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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CY2021 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
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58642 USD
CY2021 jksm Share Issued For Professional Services
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FairValueOfCommonStock
15227 USD
CY2021 jksm Common Stock Issued For Cashless Exercise
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CY2021 jksm Warrants Received
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CY2020 jksm Common Stock Issued Related To Conversion Of Convertible Notes Payable
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CY2020Q4 us-gaap Share Price
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FairValueOfCommonStock
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CY2021 us-gaap Conversion Of Stock Shares Issued1
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2800000 shares
CY2021 jksm Accrued Dividend
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CY2021Q4 jksm Redemption Value Of Series A Preferred Stock
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259422 USD
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562343 shares
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
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0.0000 pure
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0.0103 pure
CY2020 jksm Warrants Issued Due To Reset Provisions Weighted Average Exercise Price
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0.35
CY2020 jksm Warrants Issued With Common Stock Units Aggregate Number
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2211389 USD
CY2020 jksm Warrants Issued With Common Stock Units Aggregate Exercise Price
WarrantsIssuedWithCommonStockUnitsAggregateExercisePrice
631200 USD
CY2020 jksm Warrants Issued With Common Stock Units Weighted Average Exercise Price
WarrantsIssuedWithCommonStockUnitsWeightedAverageExercisePrice
0.001
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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2100000 shares
CY2020 jksm Aggregate Exercise Price Forfeited And Cancelled
AggregateExercisePriceForfeitedAndCancelled
-2100 USD
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.001
CY2020 jksm Aggregate Number Ending
AggregateNumberEnding
9378056 shares
CY2020 jksm Aggregate Exercise Price Ending
AggregateExercisePriceEnding
1921200 USD
CY2020 jksm Weighted Average Exercise Price Ending
WeightedAverageExercisePriceEnding
0.20
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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2578045 shares
CY2021 jksm Aggregate Exercise Price Granted
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562343 USD
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.41
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
767045 shares
CY2021 jksm Aggregate Exercise Price Exercised
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337500 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.0000 pure
CY2020 jksm Aggregate Number Beginning
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5785714 shares
CY2020 jksm Aggregate Exercise Price Beginning
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1292100 USD
CY2020 jksm Weighted Average Exercise Price Beginning
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0.01
CY2020 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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3480953 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.44
CY2021 jksm Aggregate Number Ending
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11189056 shares
CY2021 jksm Aggregate Exercise Price Ending
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2646044 USD
CY2021 jksm Weighted Average Exercise Price Ending
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0.24
CY2021 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
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P2Y1M20D
CY2020 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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165000 USD
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13750 USD
CY2021 jksm Description For Extention Of Lease Term
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April 1, 2021 through February 28, 2022
CY2021 us-gaap Sale Leaseback Transaction Monthly Rental Payments
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5000 USD
CY2021 us-gaap Lease And Rental Expense
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CY2020 us-gaap Lease And Rental Expense
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CY2021 jksm Cash Used In Operating Activities Related To Leases
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3855 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.0000 pure
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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6086000 USD
CY2021Q4 jksm Accrued Liabilities Other
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1694212 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1536424 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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1900 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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1900 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
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1696112 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
208 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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0 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.2100 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0004 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2.782 pure
CY2022Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
2000000 shares
CY2022Q1 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
885000 USD
CY2022Q1 jksm Closing Cost Of Stock Sold
ClosingCostOfStockSold
115000 USD
CY2022Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
4000000 shares
CY2022Q1 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
0.20

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