2023 Q3 Form 10-Q Financial Statement

#000149315223029667 Filed on August 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $687.8K $929.5K $1.173M
YoY Change -39.16% -20.78% 48.38%
Cost Of Revenue $501.1K $742.7K $885.5K
YoY Change -42.63% -16.13% 28.95%
Gross Profit $186.7K $186.8K $287.9K
YoY Change -27.4% -35.1% 176.53%
Gross Profit Margin 27.15% 20.1% 24.53%
Selling, General & Admin $656.6K $927.7K $1.032M
YoY Change -38.92% -10.06% 60.16%
% of Gross Profit 351.61% 496.55% 358.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.24K $26.80K $22.95K
YoY Change 19.95% 16.78% 116.59%
% of Gross Profit 16.19% 14.34% 7.97%
Operating Expenses $656.6K $927.7K $1.032M
YoY Change -38.92% -10.06% 60.16%
Operating Profit -$469.9K -$740.9K -$743.6K
YoY Change -42.55% -0.37% 37.72%
Interest Expense $176.4K $309.4K $156.5K
YoY Change -30.5% 97.73% 140.87%
% of Operating Profit
Other Income/Expense, Net $2.403K $5.037K $1.798K
YoY Change -100.64% 180.14%
Pretax Income -$518.1K -$1.535M -$1.390M
YoY Change -56.55% 10.38% -36.37%
Income Tax -$1.800K
% Of Pretax Income
Net Earnings -$518.1K -$1.535M -$1.389M
YoY Change -56.54% 10.52% 272.05%
Net Earnings / Revenue -75.33% -165.09% -118.33%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$889.90
COMMON SHARES
Basic Shares Outstanding 2.295B shares 2228B shares 1.560B shares
Diluted Shares Outstanding 2.340B shares 2.231B shares 1.560B shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $369.9K $97.16K $6.190K
YoY Change 36.61% 1469.63% -93.45%
Cash & Equivalents $369.9K $97.16K $6.188K
Short-Term Investments
Other Short-Term Assets $50.31K $59.83K
YoY Change 181.07% 626.67%
Inventory $334.0K $551.8K $1.190M
Prepaid Expenses
Receivables -$120.3K $24.25K $24.94K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $633.9K $673.2K $1.281M
YoY Change -53.13% -47.45% 5.48%
LONG-TERM ASSETS
Property, Plant & Equipment $279.1K $306.1K $328.0K
YoY Change -24.66% -6.67% 88.9%
Goodwill
YoY Change
Intangibles $47.01K $61.32K $71.08K
YoY Change -31.52% -13.72%
Long-Term Investments
YoY Change
Other Assets $7.100K $7.100K $15.13K
YoY Change -53.07% -53.07% 132.77%
Total Long-Term Assets $767.6K $838.9K $1.285M
YoY Change -39.93% -34.71% -45.83%
TOTAL ASSETS
Total Short-Term Assets $633.9K $673.2K $1.281M
Total Long-Term Assets $767.6K $838.9K $1.285M
Total Assets $1.402M $1.512M $2.566M
YoY Change -46.72% -41.07% -28.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.849M $1.643M $854.4K
YoY Change 77.62% 92.36% 143.78%
Accrued Expenses $503.3K $407.2K $443.8K
YoY Change 33.6% -8.24% 224.72%
Deferred Revenue
YoY Change
Short-Term Debt $663.0K $689.0K $84.73K
YoY Change 24.95% 713.12% -93.48%
Long-Term Debt Due $2.732M $2.962M $1.927M
YoY Change 20.55% 53.73% 32016.33%
Total Short-Term Liabilities $6.400M $6.358M $4.203M
YoY Change 22.36% 51.29% 2.04%
LONG-TERM LIABILITIES
Long-Term Debt $56.84K $58.01K $22.22K
YoY Change -20.78% 161.07% -99.18%
Other Long-Term Liabilities $297.0K $332.6K $606.7K
YoY Change -45.18% -20.54%
Total Long-Term Liabilities $353.8K $390.6K $606.7K
YoY Change -35.62% -82.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.400M $6.358M $4.203M
Total Long-Term Liabilities $353.8K $390.6K $606.7K
Total Liabilities $6.754M $6.749M $5.557M
YoY Change 12.94% 21.45% -26.66%
SHAREHOLDERS EQUITY
Retained Earnings -$27.26M -$26.74M -$21.25M
YoY Change 21.46% 25.84% 85.22%
Common Stock $23.82K $22.95K $17.09K
YoY Change 31.88% 34.28% 100.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.353M -$5.237M -$2.991M
YoY Change
Total Liabilities & Shareholders Equity $1.402M $1.512M $2.566M
YoY Change -46.72% -41.07% -28.45%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$518.1K -$1.535M -$1.389M
YoY Change -56.54% 10.52% 272.05%
Depreciation, Depletion And Amortization $30.24K $26.80K $22.95K
YoY Change 19.95% 16.78% 116.59%
Cash From Operating Activities $556.5K -$369.7K -$949.9K
YoY Change -205.16% -61.08% 110.53%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$3.040K
YoY Change -100.0% -100.0% -49.16%
Acquisitions
YoY Change
Other Investing Activities $8.480K $0.00
YoY Change -100.0%
Cash From Investing Activities $8.480K $0.00 -$3.040K
YoY Change -145.23% -100.0% -16.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -292.2K 390.3K 662.3K
YoY Change -135.96% -41.07% 33.5%
NET CHANGE
Cash From Operating Activities 556.5K -369.7K -949.9K
Cash From Investing Activities 8.480K 0.000 -3.040K
Cash From Financing Activities -292.2K 390.3K 662.3K
Net Change In Cash 272.8K 20.54K -290.6K
YoY Change 3.09% -107.07% -803.83%
FREE CASH FLOW
Cash From Operating Activities $556.5K -$369.7K -$949.9K
Capital Expenditures $0.00 $0.00 -$3.040K
Free Cash Flow $556.5K -$369.7K -$946.8K
YoY Change -209.03% -60.95% 112.68%

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AdjustmentsToAdditionalPaidInCapitalWarrantsRelatedToConvertibleNote
137669 usd
CY2023Q2 KGKG Adjustments To Additional Paid In Capital Warrant Related To Services Rendered
AdjustmentsToAdditionalPaidInCapitalWarrantRelatedToServicesRendered
5269 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1534566 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-5236830 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-3765395 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
888750 usd
KGKG Stock Issued During Period Value For Financing Costs
StockIssuedDuringPeriodValueForFinancingCosts
126000 usd
KGKG Adjustments To Additional Paid In Capital Warrants Related To Convertible Note
AdjustmentsToAdditionalPaidInCapitalWarrantsRelatedToConvertibleNote
287670 usd
KGKG Adjustments To Additional Paid In Capital Warrants Issued For Financing Costs
AdjustmentsToAdditionalPaidInCapitalWarrantsIssuedForFinancingCosts
163000 usd
KGKG Stock Issued During Period Value Preferred Stock Conversion To Common Stock
StockIssuedDuringPeriodValuePreferredStockConversionToCommonStock
185000 usd
KGKG Adjustments To Additional Paid In Capital Warrant Related To Services Rendered
AdjustmentsToAdditionalPaidInCapitalWarrantRelatedToServicesRendered
5269 usd
us-gaap Net Income Loss
NetIncomeLoss
-3127123 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-5236830 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-4362006 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2669751 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
8500 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
81000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1388525 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2991280 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2991280 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-4124858 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-4124858 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
5859165 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
135000 usd
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
8500 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
81000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4950087 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2991280 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-2991280 usd
us-gaap Net Income Loss
NetIncomeLoss
-3127123 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
45951 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
44250 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-9866 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
35 usd
KGKG Rightofuse Asset Amortization
RightofuseAssetAmortization
49786 usd
KGKG Rightofuse Asset Amortization
RightofuseAssetAmortization
96219 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
509642 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
480763 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4877 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4877 usd
KGKG Preferred Stock Issued For Common Stock Issuable
PreferredStockIssuedForCommonStockIssuable
-185000 usd
KGKG Fair Value Of Warrants Issued For Financing Costs
FairValueOfWarrantsIssuedForFinancingCosts
289000 usd
KGKG Fair Value Of Warrants Issued For Financing Costs
FairValueOfWarrantsIssuedForFinancingCosts
286000 usd
KGKG Fair Value Of Warrants Issued For Services
FairValueOfWarrantsIssuedForServices
5269 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3965 usd
KGKG Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
498207 usd
KGKG Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
873040 usd
KGKG Loss On Termination Of Operating Lease
LossOnTerminationOfOperatingLease
9601 usd
KGKG Gain On Change In Fair Value Of Derivative Liabilities
GainOnChangeInFairValueOfDerivativeLiabilities
-1671000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8500 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-65150 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8985 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-307422 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
615102 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-278707 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-45262 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
29461 usd
KGKG Increase Decrease In Deposit
IncreaseDecreaseInDeposit
-1775 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
511860 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
450365 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
82500 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-110000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-55608 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-99476 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-585260 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1619355 usd
KGKG Payments For Proceeds From In Intellectual Property
PaymentsForProceedsFromInIntellectualProperty
24168 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
99000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
200000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
12000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
3000 usd
KGKG Proceeds From Payment Of Acquisition Obligation
ProceedsFromPaymentOfAcquisitionObligation
3220 usd
KGKG Proceeds From Payment Of Acquisition Obligation
ProceedsFromPaymentOfAcquisitionObligation
8586 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1939 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3798 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
783365 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
289389 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
928108 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3119 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
705532 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
475000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
642630 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
945886 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57370 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-697637 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
39788 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
703825 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
97158 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6188 usd
us-gaap Interest Paid Net
InterestPaidNet
11039 usd
us-gaap Interest Paid Net
InterestPaidNet
256 usd
KGKG Noncash Recording Of Right Of Use Asset And Lease Liability
NoncashRecordingOfRightOfUseAssetAndLeaseLiability
135000 usd
KGKG Termination Of Right Of Use Asset
TerminationOfRightOfUseAsset
248270 usd
KGKG Termination Of Operating Lease Liabilitty
TerminationOfOperatingLeaseLiabilitty
261125 usd
KGKG Note Payable Issued On Termination Of Lease Liability
NotePayableIssuedOnTerminationOfLeaseLiability
16206 usd
KGKG Vendor Line Of Credit Reclassified To Notes Payable
VendorLineOfCreditReclassifiedToNotesPayable
247629 usd
KGKG Common Shares Issued On Conversion Of Debentures And Accrued Interest
CommonSharesIssuedOnConversionOfDebenturesAndAccruedInterest
888750 usd
KGKG Common Shares Issued On Conversion Of Debentures And Accrued Interest
CommonSharesIssuedOnConversionOfDebenturesAndAccruedInterest
5859165 usd
KGKG Fair Value Of Warrants Issued Upon Issuance Of Convertible Notes
FairValueOfWarrantsIssuedUponIssuanceOfConvertibleNotes
287669 usd
KGKG Derivative Liability Recorded On Issuance Of Convertible Notes
DerivativeLiabilityRecordedOnIssuanceOfConvertibleNotes
680000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3127123 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Cash
Cash
97158 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zajbqvoX5C7h" style="font: 10pt Courier New, Courier, Monospace; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><span id="xdx_868_zTpxVHqznPh3">Use of Estimates</span></b></span></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Those estimates and assumptions include estimates for reserves of uncollectible accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term tangible and intangible assets, the valuation allowance for deferred tax assets, accruals for potential liabilities, assumptions made in valuing stock instruments issued for services, and assumptions used in valuing warrant liabilities, and assumptions used in the determination of the Company’s liquidity.</span></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
135713 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
145579 usd
KGKG Sales Percentage
SalesPercentage
0.03 pure
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
929519 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1173398 usd
CY2023Q2 KGKG Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
-0.21 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2204416 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2168529 usd
KGKG Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
0.02 pure
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
929519 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1173398 usd
CY2023Q2 KGKG Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
-0.21 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2204416 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2168529 usd
KGKG Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
0.02 pure
us-gaap Advertising Expense
AdvertisingExpense
52472 usd
us-gaap Advertising Expense
AdvertisingExpense
105956 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1603595798 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
511028567 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1603595798 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
511028567 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q2 KGKG Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
58014 usd
CY2022Q4 KGKG Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
57055 usd
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
158390 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
198605 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
393368 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
660574 usd
CY2023Q2 us-gaap Inventory Gross
InventoryGross
551758 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
859179 usd
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
80000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
80000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
547117 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
543152 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
547117 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
543152 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
241039 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
195088 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
306078 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
348064 usd
CY2023Q2 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
85340 usd
CY2022Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
85340 usd
CY2023Q2 KGKG Finite Lived Gross Website Development Trademarks
FiniteLivedGrossWebsiteDevelopmentTrademarks
12200 usd
CY2022Q4 KGKG Finite Lived Gross Website Development Trademarks
FiniteLivedGrossWebsiteDevelopmentTrademarks
12200 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
36216 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
31339 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61324 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66201 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4877 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4877 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4877 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9754 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9754 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9754 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9754 usd
CY2023Q2 KGKG Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
17431 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61324 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1308278 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
988035 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
160572 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
218481 usd
CY2023Q2 us-gaap Notes Payable
NotesPayable
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CY2022Q4 us-gaap Notes Payable
NotesPayable
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CY2023Q2 KGKG Notes Payable Current Portion
NotesPayableCurrentPortion
1089692 usd
CY2022Q4 KGKG Notes Payable Current Portion
NotesPayableCurrentPortion
712499 usd
us-gaap Lease Cost
LeaseCost
54467 usd
us-gaap Lease Cost
LeaseCost
49210 usd
CY2022Q4 KGKG Lease Liabilities
LeaseLiabilities
838882 usd
CY2022Q4 KGKG Finance Lease Liabilities
FinanceLeaseLiabilities
17824 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
821058 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1939 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
55608 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
261125 usd
CY2023Q2 KGKG Lease Liabilities
LeaseLiabilities
520210 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
187589 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
332622 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M15D
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
119970 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
197491 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
170059 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
113790 usd
CY2023Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
601310 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
81100 usd
CY2023Q2 KGKG Present Value Of Net Minimum Lease Payments
PresentValueOfNetMinimumLeasePayments
520210 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
187589 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
332622 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
989000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
988000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10500000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10500000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2294940557 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2294940557 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2000276378 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2000276378 shares
CY2016Q4 KGKG Employement Agreement Description
EmployementAgreementDescription
Immediately, Mr. Clark decided to defer receipt of 80,000,000 of such shares; thus leaving 120,000,000 shares of the Common Stock to be issued to him
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
278333333 shares
CY2022Q4 KGKG Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
0.0223
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
203406057 shares
KGKG Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
0.0042
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
87164179 shares
KGKG Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageExercisePrice
0.0149
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
394575211 shares
CY2023Q2 KGKG Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
0.0146
CY2023Q2 KGKG Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
394575211 shares
CY2023Q2 KGKG Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercisable Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisablePrice
0.0146
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
394575211 shares
CY2023Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y2M15D
KGKG Share Based Compensation Arrangement By Share Based Payment Award Outstanding Non Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOutstandingNonOptionsWeightedAverageExercisePrice
0.0146
CY2023Q2 KGKG Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
394575211 shares
CY2023Q2 KGKG Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableWeightedAverageExercisePrice
0.0146
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.0022

Files In Submission

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kgkg-20230630_def.xml Edgar Link unprocessable
kgkg-20230630_cal.xml Edgar Link unprocessable
ex31-2.htm Edgar Link pending
0001493152-23-029667-index-headers.html Edgar Link pending
0001493152-23-029667-index.html Edgar Link pending
0001493152-23-029667.txt Edgar Link pending
0001493152-23-029667-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
kgkg-20230630.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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kgkg-20230630_lab.xml Edgar Link unprocessable
kgkg-20230630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R48.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable