2023 Q2 Form 10-K Financial Statement

#000147793223002657 Filed on April 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $402.6K $391.2K $4.128M
YoY Change -72.56% -71.41% -38.83%
Cost Of Revenue $247.6K $465.7K $3.298M
YoY Change -76.25% -57.4% -32.15%
Gross Profit $155.0K -$74.50K $830.5K
YoY Change -63.52% -127.06% -56.02%
Gross Profit Margin 38.5% -19.04% 20.12%
Selling, General & Admin $91.08K $616.8K $970.3K
YoY Change -59.68% 10.24% -22.53%
% of Gross Profit 58.75% 116.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $100.00 $955.00
YoY Change -100.0% -72.97% -49.09%
% of Gross Profit 0.0% 0.11%
Operating Expenses $142.4K $616.8K $1.931M
YoY Change -71.51% 10.24% -23.53%
Operating Profit $12.67K -$691.3K -$1.101M
YoY Change -116.95% 143.23% 72.79%
Interest Expense $125.9K -$506.2K $422.2K
YoY Change 230.98% -635.01% -51.47%
% of Operating Profit 993.37%
Other Income/Expense, Net -$1.658M $57.33K
YoY Change -4258.56% -90.92%
Pretax Income -$1.650M -$1.198M $2.030M
YoY Change 4627.79% 531.55% 19.81%
Income Tax
% Of Pretax Income
Net Earnings -$1.645M -$1.221M -$1.521M
YoY Change 4614.05% 543.86% 27694.63%
Net Earnings / Revenue -408.67% -312.1% -36.85%
Basic Earnings Per Share -$0.02 -$0.02
Diluted Earnings Per Share -$0.02 -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 81.09M shares 79.30M shares
Diluted Shares Outstanding 81.09M shares 79.30M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $482.9K $482.9K
YoY Change -73.24% 40.05% 40.05%
Cash & Equivalents $98.11K $482.9K
Short-Term Investments
Other Short-Term Assets $40.00K $41.75K $41.75K
YoY Change -40.51% 385.47% 385.47%
Inventory $222.0K $214.1K $214.1K
Prepaid Expenses $37.19K $41.75K
Receivables $4.521K $0.00 $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $361.8K $738.8K $738.8K
YoY Change -81.24% -35.27% -35.27%
LONG-TERM ASSETS
Property, Plant & Equipment $325.00 $517.00 $78.19K
YoY Change -57.01% -64.88% 5219.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $61.57K $78.19K $78.20K
YoY Change -34.56% 5212.09% 5219.73%
TOTAL ASSETS
Total Short-Term Assets $361.8K $738.8K $738.8K
Total Long-Term Assets $61.57K $78.19K $78.20K
Total Assets $423.4K $817.0K $817.0K
YoY Change -79.07% -28.51% -28.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $290.0K $245.5K $245.5K
YoY Change -66.3% -35.89% -35.89%
Accrued Expenses $2.060M $1.990M $1.990M
YoY Change -18.65% -19.42% -19.42%
Deferred Revenue
YoY Change
Short-Term Debt $50.00K $0.00 $0.00
YoY Change
Long-Term Debt Due $1.070M $603.1K $603.1K
YoY Change 81.72% -23.55% -23.55%
Total Short-Term Liabilities $6.733M $5.038M $5.038M
YoY Change 42.43% 7.36% 7.36%
LONG-TERM LIABILITIES
Long-Term Debt $140.0K $580.1K $580.1K
YoY Change -75.57% -17.72% -17.72%
Other Long-Term Liabilities $30.00K $46.23K $46.23K
YoY Change -52.97%
Total Long-Term Liabilities $170.0K $626.3K $626.3K
YoY Change -73.31% -11.16% -11.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.733M $5.038M $5.038M
Total Long-Term Liabilities $170.0K $626.3K $626.3K
Total Liabilities $6.900M $5.664M $5.664M
YoY Change 28.63% 4.94% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$14.24M -$12.65M
YoY Change 27.89% 13.67%
Common Stock $81.09K $81.09K
YoY Change 0.39% 8.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.755M -$5.119M -$4.847M
YoY Change
Total Liabilities & Shareholders Equity $423.4K $817.0K $817.0K
YoY Change -79.07% -28.51% -28.51%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.645M -$1.221M -$1.521M
YoY Change 4614.05% 543.86% 27694.63%
Depreciation, Depletion And Amortization $0.00 $100.00 $955.00
YoY Change -100.0% -72.97% -49.09%
Cash From Operating Activities -$90.00K $184.6K -$370.7K
YoY Change -73.09% -180.94% -70.04%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00K -440.0 $508.8K
YoY Change -89.88% -98.88% -53.44%
NET CHANGE
Cash From Operating Activities -90.00K 184.6K -$370.7K
Cash From Investing Activities 0.000 0.000 $0.00
Cash From Financing Activities -10.00K -440.0 $508.8K
Net Change In Cash -100.0K 184.1K $138.1K
YoY Change -76.92% -168.87% -195.4%
FREE CASH FLOW
Cash From Operating Activities -$90.00K $184.6K -$370.7K
Capital Expenditures
Free Cash Flow
YoY Change

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ProceedsFromRepaymentsOfNotesPayable
-905503 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
327385 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1024024 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
408634 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
92925 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
250000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
890000 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
252000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
508751 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1092596 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
138097 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-144749 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344811 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
489560 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
482908 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344811 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
19699 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
118732 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
105822 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 jksm Common Stock Issued To Settle Convertible Notes Payable
CommonStockIssuedToSettleConvertibleNotesPayable
0 usd
CY2021 jksm Common Stock Issued To Settle Convertible Notes Payable
CommonStockIssuedToSettleConvertibleNotesPayable
614198 usd
CY2022 jksm Derivative Liability Recognized At Issuance Of Warrants And Conversion Option
DerivativeLiabilityRecognizedAtIssuanceOfWarrantsAndConversionOption
0 usd
CY2021 jksm Derivative Liability Recognized At Issuance Of Warrants And Conversion Option
DerivativeLiabilityRecognizedAtIssuanceOfWarrantsAndConversionOption
493670 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
2670 usd
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
172744 usd
CY2022 jksm Common Stock Issued To Settle Share Payable
CommonStockIssuedToSettleSharePayable
331600 shares
CY2022 jksm Lossonadditionalshares Issued In Connection With Common Stock Units
LossonadditionalsharesIssuedInConnectionWithCommonStockUnits
42222 usd
CY2022 jksm Preferred Stock Dividends Non Cash
PreferredStockDividendsNonCash
92600 usd
CY2021 jksm Preferred Stock Dividends Non Cash
PreferredStockDividendsNonCash
7422 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20644 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20644 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20127 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19172 usd
CY2022 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>
CY2022 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
264659 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
74000 usd
CY2022 jksm Bad Debts Expense
BadDebtsExpense
190659 usd
CY2021 jksm Bad Debts Expense
BadDebtsExpense
0 usd
CY2022 jksm Inventory Allowance
InventoryAllowance
18800 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
1127634 usd
CY2022 jksm Machine Sales
MachineSales
2668102 usd
CY2021 jksm Machine Sales
MachineSales
5218158 usd
CY2022 jksm Non Machine Sales
NonMachineSales
1460354 usd
CY2021 jksm Non Machine Sales
NonMachineSales
1530907 usd
CY2022 us-gaap Revenues
Revenues
4128456 usd
CY2021 us-gaap Revenues
Revenues
6749065 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
517 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1472 usd
CY2022 us-gaap Depreciation
Depreciation
955 usd
CY2021 us-gaap Depreciation
Depreciation
1876 usd
CY2022 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>Year 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, 2022</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, 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></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 income (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;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(1,614,078</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(12,896</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;">92,600</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;">7,422</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;">(1,515</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;">(1,400,011</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">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;">98,265</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;">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></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%;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;">(1,424,728</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%;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;">(558,765</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;">79,302,098</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;">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></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;">-</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;">-</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;">79,302,098</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;">72,126,152</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>
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-1614078 usd
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-12896 usd
CY2022 jksm Dividends Preferred Stock1
DividendsPreferredStock1
92600 usd
CY2021 jksm Dividends Preferred Stock1
DividendsPreferredStock1
7422 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1515 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1400011 usd
CY2022 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
98265 usd
CY2021 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
846750 usd
CY2022 jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-1424728 usd
CY2021 jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-558765 usd
CY2022 jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
79302098 usd
CY2021 jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
72126152 usd
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CY2022 jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
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CY2022Q4 jksm Debt Instrument Unamortized Discount1
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CY2022Q4 jksm Debt Discount And Deferred Finance Costs On Short Term Convertible Notes
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CY2021Q4 jksm Debt Discount And Deferred Finance Costs On Short Term Convertible Notes
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CY2022Q4 jksm Current Convertible Notes Payable Net Of Discount
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CY2021Q4 jksm Current Convertible Notes Payable Net Of Discount
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CY2022Q4 us-gaap Convertible Long Term Notes Payable
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CY2021Q4 us-gaap Convertible Long Term Notes Payable
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CY2022 jksm Convertible Notes Payable1
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CY2022 jksm Total Gain
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CY2021 jksm Total Gain
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CY2021Q4 jksm Common Stock Designated
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CY2021Q4 us-gaap Sale Of Stock Price Per Share
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CY2022 jksm Shares Remaining To Be Issued
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CY2022Q4 jksm Common Stock Share Issued
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CY2022 jksm Fair Value Of Common Stock
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CY2021 jksm Aggregate Number Beginning
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CY2021 jksm Aggregate Exercise Price Beginning
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CY2021 jksm Aggregate Exercise Price Exercised1
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CY2021 jksm Less Forfeited And Cancelled
LessForfeitedAndCancelled
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4000000 shares
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.20
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2022 jksm Aggregate Number Ending
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2946044 usd
CY2022 jksm Weighted Average Exercise Price Ending
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CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y3D
CY2022 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3267 usd
CY2022 jksm Lease Payments Increased Percentage
LeasePaymentsIncreasedPercentage
0.04 pure
CY2022Q4 jksm Right Of Use Asset And Lease Liability
RightOfUseAssetAndLeaseLiability
105822 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
36866 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
24220 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
111043 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022 us-gaap Lease Cost
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61086 usd
CY2021 us-gaap Lease Cost
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111043 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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77677 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2021Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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46233 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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0 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
80240 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q4 jksm Incremental Borrowing Rate Percentage
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0.10 pure
CY2022 jksm Lease Remaining Terms
LeaseRemainingTerms
P2Y5M1D
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40511 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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42123 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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7065 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 jksm Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
89699 usd
CY2022Q4 jksm Less Interest Lessee Operating Lease Liability
LessInterestLesseeOperatingLeaseLiability
9459 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
80240 usd
CY2022Q4 jksm Accrued Liabilities Other
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1642269 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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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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CY2022Q4 us-gaap Deferred Tax Assets Other
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1900 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
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1900 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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2031745 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
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1696112 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
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0.0029 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
0.0000 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.0000 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.0000 pure
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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631000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
7120000 usd

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