2023 Q4 Form 10-K Financial Statement
#000109690624001296 Filed on June 04, 2024
Income Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
Revenue | $1.905M | $8.820M |
YoY Change | 117.08% | |
Cost Of Revenue | $1.058M | $6.054M |
YoY Change | 88.38% | |
Gross Profit | $847.1K | $2.767M |
YoY Change | 225.67% | |
Gross Profit Margin | 44.46% | 31.37% |
Selling, General & Admin | -$358.9K | $3.542M |
YoY Change | 12.0% | |
% of Gross Profit | -42.37% | 128.03% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $101.4K | $41.36K |
YoY Change | 280.07% | |
% of Gross Profit | 11.97% | 1.49% |
Operating Expenses | $517.0K | $4.454M |
YoY Change | 40.81% | |
Operating Profit | $330.1K | -$1.687M |
YoY Change | -27.07% | |
Interest Expense | -$304.2K | $1.062M |
YoY Change | 38.54% | |
% of Operating Profit | -92.16% | |
Other Income/Expense, Net | -$10.85K | -$932.0K |
YoY Change | -103.62% | -138.4% |
Pretax Income | $15.02K | -$2.619M |
YoY Change | ||
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | $15.04K | -$2.619M |
YoY Change | -2408.58% | |
Net Earnings / Revenue | 0.79% | -29.69% |
Basic Earnings Per Share | -$0.27 | |
Diluted Earnings Per Share | $0.00 | -$0.27 |
COMMON SHARES | ||
Basic Shares Outstanding | 9.064M shares | 9.046M shares |
Diluted Shares Outstanding | 9.046M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $45.55K | $45.55K |
YoY Change | ||
Cash & Equivalents | $45.55K | |
Short-Term Investments | ||
Other Short-Term Assets | $42.72K | $42.72K |
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $720.1K | $720.1K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $808.4K | $808.4K |
YoY Change | -35.24% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $159.1K | $506.1K |
YoY Change | -20.26% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $2.602M | $2.602M |
YoY Change | -42.52% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $808.4K | $808.4K |
Total Long-Term Assets | $2.602M | $2.602M |
Total Assets | $3.410M | $3.410M |
YoY Change | -40.95% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $820.2K | $820.2K |
YoY Change | 13.31% | |
Accrued Expenses | $860.7K | $860.7K |
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $1.332M | $1.332M |
YoY Change | ||
Total Short-Term Liabilities | $3.267M | $3.267M |
YoY Change | 11.77% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $178.1K | $178.1K |
YoY Change | ||
Other Long-Term Liabilities | $288.4K | $288.4K |
YoY Change | ||
Total Long-Term Liabilities | $466.5K | $466.5K |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.267M | $3.267M |
Total Long-Term Liabilities | $466.5K | $466.5K |
Total Liabilities | $3.733M | $3.547M |
YoY Change | 3.93% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$13.92M | |
YoY Change | 21.49% | |
Common Stock | $9.064K | |
YoY Change | 0.67% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$136.9K | -$136.9K |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.410M | $3.410M |
YoY Change | -40.95% |
Cashflow Statement
Concept | 2023 Q4 | 2023 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $15.04K | -$2.619M |
YoY Change | -2408.58% | |
Depreciation, Depletion And Amortization | $101.4K | $41.36K |
YoY Change | 280.07% | |
Cash From Operating Activities | $231.7K | -$269.5K |
YoY Change | -251.2% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
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 | -207.9K | -$140.4K |
YoY Change | -189.35% | |
NET CHANGE | ||
Cash From Operating Activities | 231.7K | -$269.5K |
Cash From Investing Activities | ||
Cash From Financing Activities | -207.9K | -$140.4K |
Net Change In Cash | 23.80K | -$409.9K |
YoY Change | -218.81% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $231.7K | -$269.5K |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
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|
158797 | usd |
CY2023 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
156354 | usd |
CY2023 | us-gaap |
Interest Income Other
InterestIncomeOther
|
0 | usd |
CY2022 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
398922 | usd |
CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
2959811 | usd |
CY2023 | us-gaap |
Other Expenses
OtherExpenses
|
337 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
6768 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-931950 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2426707 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2618965 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
113445 | usd |
CY2023 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
-157114 | usd |
CY2022 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
-91449 | usd |
CY2023 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-2461851 | usd |
CY2022 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
204894 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9046047 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7842865 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9046047 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8271751 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
419248 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
350000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
300000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1000000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
113445 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2182693 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
50000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
63150 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2618965 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-323122 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-2618965 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
113445 | usd |
CY2023 | jmtm |
Loss On Impairment Of Goodwill And Intangibles
LossOnImpairmentOfGoodwillAndIntangibles
|
911467 | usd |
CY2022 | jmtm |
Loss On Impairment Of Goodwill And Intangibles
LossOnImpairmentOfGoodwillAndIntangibles
|
0 | usd |
CY2022 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
26051 | usd |
CY2023 | us-gaap |
Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
|
1191898 | usd |
CY2022 | us-gaap |
Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
|
780086 | usd |
CY2023 | us-gaap |
Accretion Expense
AccretionExpense
|
114506 | usd |
CY2022 | us-gaap |
Accretion Expense
AccretionExpense
|
31694 | usd |
CY2023 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
63150 | usd |
CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
300000 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-398922 | usd |
CY2023 | jmtm |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
-156354 | usd |
CY2023 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
0 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
27763 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-60000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2255 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-515834 | usd |
CY2023 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-21 | usd |
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-16043 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
533465 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-101934 | usd |
CY2023 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
53331 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-11006 | usd |
CY2023 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
7960 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-224726 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-400000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
230000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-269544 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
178269 | usd |
CY2022 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
21437 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11800 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
9637 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
350000 | usd |
CY2022 | jmtm |
Proceeds From Shares To Be Issued
ProceedsFromSharesToBeIssued
|
50000 | usd |
CY2023 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
32595 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
374619 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
150000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
220041 | usd |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
171944 | usd |
CY2022 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
395500 | usd |
CY2023 | us-gaap |
Payments For Loans
PaymentsForLoans
|
262342 | usd |
CY2022 | us-gaap |
Payments For Loans
PaymentsForLoans
|
616468 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-140359 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
157088 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-409903 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
344994 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
455454 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
110460 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
45551 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
455454 | usd |
CY2023 | us-gaap |
Interest Paid
InterestPaid
|
56196 | usd |
CY2022 | us-gaap |
Interest Paid
InterestPaid
|
90113 | usd |
CY2022 | jmtm |
Cash Received From Employee Retention Tax Credit
CashReceivedFromEmployeeRetentionTaxCredit
|
2959811 | usd |
CY2023 | jmtm |
Shares Issued For Common Stock Payable
SharesIssuedForCommonStockPayable
|
50000 | usd |
CY2022 | jmtm |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
0 | usd |
CY2023 | jmtm |
Lease Modification
LeaseModification
|
178126 | usd |
CY2023 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | usd |
CY2022 | jmtm |
Acquisition Of Uss Through Share Exchange
AcquisitionOfUSSThroughShareExchange
|
1000000 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong>1. Nature and Continuance of Operations</strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong><em>Business Operations Basis of Presentation</em></strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The accompanying consolidated financial statements include the accounts of James Maritime Holdings Inc. (“James Maritime”) and its majority-owned subsidiary, Gladiator Solutions Inc. (“Gladiator”), and its wholly owned subsidiary United Security Specialists Inc. (“USS”) (collectively as the “Company”). James Maritime Holdings, Inc. was incorporated in the State of Nevada on January 23, 2015.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Substantially all of the Company’s business is conducted through its subsidiaries, Gladiator and USS. Gladiator produces revenues through the distribution of personal protective products, primarily through mail-in orders to customers or via e-commerce sales generated through their website. USS provides professional security personnel enhanced by smartphone-based security applications.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong><em>Share Exchange Agreement – United Security Specialists, Inc.</em></strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">On September 23, 2022, James Maritime Holdings completed a share exchange agreement with USS.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">As a result of the exchange, James Maritime became the sole shareholder of USS, holding 100% of all shares outstanding. See Note 3 for further information.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong><em>Basis of Presentation and Principles of Consolidation</em></strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The accompanying consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. The Company has adopted a December 31 fiscal year-end for financial statement reporting purposes.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">All operations activity related to James Maritimes’ subsidiary, Gladiator, all operations are included within consolidated statement of operations for the years ended December 31, 2023 and 2022, respectively.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">All operations activity related to James Maritimes’ subsidiary, USS, for the year ended December 31, 2022, will only reflect activity from September 23, 2022 through December 31, 2022, the period for which USS was acquired and owned by James Maritime. All operations for the year ended December 31, 2023 are included within consolidated statement of operations.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">All intercompany balances were eliminated in the consolidated financial statements. Non-controlling interests are classified in the accompanying consolidated balance sheets as a component of equity. The amounts of consolidated net income (loss) attributable to both the Company and the non-controlling interests are separately presented in the accompanying consolidated statement of operations.</p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong><em>Going concern</em></strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company’s consolidated financial statements as of December 31, 2023, are prepared using U.S. GAAP, which contemplates continuation of the Company as a going concern. This contemplates the realization of assets and liquidation of liabilities in the ordinary course of business. The Company has yet to establish an ongoing source of revenue to finance its operating expenses and to continue as a going concern.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">During the year ended December 31, 2023, the Company generated a net loss of $2,618,965. The accumulated deficit as of December 31, 2023 is $13,915,927 ($11,454,076 as of December 31, 2022). In order to continue as a going concern, the Company plans to receive funds through the selling of equity securities to existing and new shareholders. The Company is also evaluating potential acquisitions in the corporate security space. Additionally, the Company has created and maintained good customer relationships during 2023 for both USS and Gladiator, which the Company is relying on to potentially generate sustainable sales throughout 2024 and afterward. While management maintains they will be able to continue to generate sufficient cash flows through a combination of operations, debt, and equity raises, there is no guarantee the Company will be able to raise or generate additional funds in the short term to meet present obligations as they come due. Due to these factors, there is substantial doubt the Company may be able to continue as a going concern. The financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</p> | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2618965 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13915927 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11454076 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reporting amounts of assets and liabilities.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Estimates are used for, but not limited to, the accounting for inventories, impairment of long-term assets and derivatives.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">It is reasonably possible that the estimate of the effect of a condition, situation, or set of circumstances that existing 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 confirming events. Accordingly, the actual results of could differ significantly from those estimates.</p> | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company maintains its cash accounts with financial institutions, where, at times, deposits exceed federal insurance limits of $250,000. The Company believes that no significant concentration of credit risk exists with respect to these cash balances due to its assessment of the credit worthiness and financial viability of the financial institutions.</p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023 | jmtm |
Summary Of Estimated Useful Lives Of Property Plant And Equipment
SummaryOfEstimatedUsefulLivesOfPropertyPlantAndEquipment
|
<table cellpadding="0" style="border-spacing:0;font-size:10pt;border-right:#000000 1px solid;border-bottom:#000000 1px solid;width:100%"><tbody><tr style="height:15px"><td style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid;width:50%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.65pt; text-align:center;"><strong>Asset classes</strong></p></td><td style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid;width:50%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.65pt; text-align:center;"><strong>Useful lives (in years)</strong></p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.65pt; text-align:center;">Vehicles</p></td><td style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.65pt; text-align:center;">5</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.65pt; text-align:center;">Furniture and fixtures</p></td><td style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.65pt; text-align:center;">7</p></td></tr></tbody></table> | |
CY2023 | jmtm |
Finite Lived Intangible Asset Estimated Useful Life
FiniteLivedIntangibleAssetEstimatedUsefulLife
|
P3Y | |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
80196 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
50110 | usd |
CY2023 | jmtm |
Lease Initial Payment
LeaseInitialPayment
|
9208 | usd |
CY2023 | jmtm |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
13196 | usd |
CY2022 | jmtm |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
35122 | usd |
CY2022Q3 | us-gaap |
Shares Outstanding
SharesOutstanding
|
100 | shares |
CY2022Q4 | jmtm |
Business Acquisition Description
BusinessAcquisitionDescription
|
$20,000,000 and 15% during any consecutive (12) month period commencing on the Closing date and ending on December 31, 2025 (“the Measurement Period”), the Company shall issue an aggregate 500,000 shares of James Maritime stock | |
CY2022Q4 | jmtm |
Business Acquisition Description One
BusinessAcquisitionDescriptionOne
|
$30,000,000 and 15% during the measurement period, the Company shall issue an aggregate 500,000 shares of James Maritime stock | |
CY2022Q4 | jmtm |
Additional Business Acquisition Description
AdditionalBusinessAcquisitionDescription
|
$40,000,000 and 15% during the measurement period, the Company shall issue an aggregate 500,000 shares of James Maritime stock | |
CY2022Q4 | jmtm |
Additional Business Acquisition Description One
AdditionalBusinessAcquisitionDescriptionOne
|
$50,000,000 and15% during the measurement period, the Company shall issue an aggregate 500,000 shares of James Maritime stock | |
CY2023 | us-gaap |
Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice
|
1000000 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
2439614 | usd |
CY2023Q4 | jmtm |
Business Combination Provisional Information Initial Accounting Adjustment Intangibles
BusinessCombinationProvisionalInformationInitialAccountingAdjustmentIntangibles
|
3439614 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
21437 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
|
206536 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
|
10487 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
199584 | usd |
CY2023Q4 | jmtm |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAssets
|
193839 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
99609 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
731492 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
704637 | usd |
CY2023Q4 | jmtm |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Payroll
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedPayroll
|
172366 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
|
1017771 | usd |
CY2023Q4 | jmtm |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current And Non Curent Loan
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAndNonCurentLoan
|
1066012 | usd |
CY2023Q4 | jmtm |
Operating Lease Liability Current And Non Current
OperatingLeaseLiabilityCurrentAndNonCurrent
|
210320 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
3171106 | usd |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
-2439614 | usd |
CY2022Q4 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
9420417 | usd |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
2301112 | usd |
CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
911467 | usd |
CY2022Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
0 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1939896 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
789357 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2088274 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4150280 | usd |
CY2023 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
1150539 | usd |
CY2022 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
780086 | usd |
CY2023Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
911467 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
52241 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10882 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
159142 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
200502 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
41359 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
10882 | usd |
CY2020 | jmtm |
Lease Term Contract
LeaseTermContract
|
lease is for a 48.5-month term, expiring on July 31, 2024 | |
CY2020 | jmtm |
Lease Initial Payment
LeaseInitialPayment
|
8819 | usd |
CY2020 | jmtm |
Straight Line Rent Installment
StraightLineRentInstallment
|
9522 | usd |
CY2023 | jmtm |
Lease Term Contract
LeaseTermContract
|
additional operating lease that expires in January 2028 | |
CY2023 | jmtm |
Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
|
P2Y10M6D | |
CY2022 | jmtm |
Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
|
P1Y6M29D | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0756 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0600 | pure |
CY2023Q4 | jmtm |
Right Of Use Assets Operating Leases
RightOfUseAssetsOperatingLeases
|
346986 | usd |
CY2022Q4 | jmtm |
Right Of Use Assets Operating Leases
RightOfUseAssetsOperatingLeases
|
168339 | usd |
CY2023Q4 | jmtm |
Operating Lease Liabilities Short Term
OperatingLeaseLiabilitiesShortTerm
|
81805 | usd |
CY2022Q4 | jmtm |
Operating Lease Liabilities Short Term
OperatingLeaseLiabilitiesShortTerm
|
114400 | usd |
CY2023Q4 | jmtm |
Operating Lease Liabilities Long Term
OperatingLeaseLiabilitiesLongTerm
|
288413 | usd |
CY2022Q4 | jmtm |
Operating Lease Liabilities Long Term
OperatingLeaseLiabilitiesLongTerm
|
68953 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
|
141532 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
|
103661 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
|
107020 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
|
110228 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
|
9208 | usd |
CY2023Q4 | jmtm |
Operating Lease Minimum Lease Payments
OperatingLeaseMinimumLeasePayments
|
471649 | usd |
CY2023Q4 | jmtm |
Imputed Interest
ImputedInterest
|
-101431 | usd |
CY2023Q4 | jmtm |
Future Minimum Lease Payments Current Value
FutureMinimumLeasePaymentsCurrentValue
|
370218 | usd |
CY2023Q4 | jmtm |
Less Current Lease Liabilities
LessCurrentLeaseLiabilities
|
81805 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
288413 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
820208 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
723886 | usd |
CY2023Q4 | us-gaap |
Credit Card Receivables
CreditCardReceivables
|
50040 | usd |
CY2022Q4 | us-gaap |
Credit Card Receivables
CreditCardReceivables
|
156115 | usd |
CY2023Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
564213 | usd |
CY2022Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
26809 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
20755 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
14420 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
1455216 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
921230 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
646538 | usd |
CY2022Q4 | us-gaap |
Notes Payable
NotesPayable
|
433849 | usd |
CY2023Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
536251 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
323562 | usd |
CY2023Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
110287 | usd |
CY2022Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
110287 | usd |
CY2023Q4 | us-gaap |
Loans Payable
LoansPayable
|
828642 | usd |
CY2022Q4 | us-gaap |
Loans Payable
LoansPayable
|
1075924 | usd |
CY2023Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
760842 | usd |
CY2022Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
585831 | usd |
CY2023Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
67800 | usd |
CY2022Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
490093 | usd |
CY2021Q1 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
67900 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.0375 | pure |
CY2023Q4 | jmtm |
Accrued Interest Expense
AccruedInterestExpense
|
7204 | usd |
CY2022Q4 | jmtm |
Accrued Interest Expense
AccruedInterestExpense
|
4661 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
90000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
10000 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
63150 | usd |
CY2023Q4 | jmtm |
Deferred Tax Assets Operating Loss Carryforwards Domestic And Federal
DeferredTaxAssetsOperatingLossCarryforwardsDomesticAndFederal
|
6647817 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
1000000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.50 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
1000000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.50 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
1000000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.50 | |
CY2023 | jmtm |
Warrant Exercisable
WarrantExercisable
|
1000000 | shares |
CY2023 | jmtm |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrices
|
3.50 | |
CY2022 | jmtm |
Warrant Exercisable
WarrantExercisable
|
1000000 | shares |
CY2022 | jmtm |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrices
|
3.50 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2618965 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
113445 | usd |
CY2023 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
-157114 | usd |
CY2022 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
-91449 | usd |
CY2023 | jmtm |
Net Loss Income Attributable To James Maritime Shareholders
NetLossIncomeAttributableToJamesMaritimeShareholders
|
-2461851 | usd |
CY2022 | jmtm |
Net Loss Income Attributable To James Maritime Shareholders
NetLossIncomeAttributableToJamesMaritimeShareholders
|
204894 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9046047 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7842865 | shares |
CY2022 | jmtm |
Dilutive Effect Of Convertible Debentures And Warrants
DilutiveEffectOfConvertibleDebenturesAndWarrants
|
428886 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9046047 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8271751 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
64783 | shares |
CY2023 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-2618965 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
113445 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
0 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
23823 | usd |
CY2023 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-114230 | usd |
CY2023 | jmtm |
Employee Retention Credit
EmployeeRetentionCredit
|
0 | usd |
CY2022 | jmtm |
Employee Retention Credit
EmployeeRetentionCredit
|
-621560 | usd |
CY2023 | jmtm |
Non Deductible Amortization
NonDeductibleAmortization
|
433021 | usd |
CY2022 | jmtm |
Non Deductible Amortization
NonDeductibleAmortization
|
164848 | usd |
CY2023 | us-gaap |
Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
|
0 | usd |
CY2022 | us-gaap |
Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
|
11364 | usd |
CY2023 | jmtm |
Valuation Allowance Income Tax
ValuationAllowanceIncomeTax
|
2185944 | usd |
CY2022 | jmtm |
Valuation Allowance Income Tax
ValuationAllowanceIncomeTax
|
535756 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1381803 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
846059 | usd |
CY2023Q4 | jmtm |
Right Of Use Assets Deferred Tax Assets
RightOfUseAssetsDeferredTaxAssets
|
0 | usd |
CY2022Q4 | jmtm |
Right Of Use Assets Deferred Tax Assets
RightOfUseAssetsDeferredTaxAssets
|
4202 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-41359 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-17785 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
1340444 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
832476 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1340444 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
832476 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
0 | usd |