2021 Q4 Form 10-K Financial Statement
#000147793222001348 Filed on March 11, 2022
Income Statement
Concept | 2021 Q4 | 2021 | 2020 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $21.33K | $49.33K | |
YoY Change | 4384.55% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $21.33K | $49.33K | |
YoY Change | 4384.64% | ||
Operating Profit | -$49.33K | ||
YoY Change | 4384.64% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | |
YoY Change | |||
Pretax Income | -$21.33K | -$49.33K | |
YoY Change | 4384.55% | ||
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$21.33K | -$49.33K | |
YoY Change | 4384.64% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.482K | -$3.427K | |
COMMON SHARES | |||
Basic Shares Outstanding | 14.40M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2021 Q4 | 2021 | 2020 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash & Equivalents | $0.00 | $0.00 | |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $0.00 | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $0.00 | $0.00 | $0.00 |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.000K | $4.000K | |
YoY Change | -27.27% | ||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $71.11K | $71.11K | $21.78K |
YoY Change | 226.54% | 226.49% | 5.32% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $71.11K | $71.11K | $21.78K |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $71.11K | $71.11K | |
YoY Change | 226.49% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.362M | -$1.312M | |
YoY Change | 3.76% | 0.08% | |
Common Stock | $14.40K | $14.40K | |
YoY Change | 0.0% | -1.08% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$71.11K | -$71.11K | -$21.78K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% |
Cashflow Statement
Concept | 2021 Q4 | 2021 | 2020 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$21.33K | -$49.33K | |
YoY Change | 4384.64% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$18.15K | -$50.83K | |
YoY Change | 1933.24% | ||
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 | 18.15K | $50.83K | |
YoY Change | 1933.24% | ||
NET CHANGE | |||
Cash From Operating Activities | -18.15K | -$50.83K | |
Cash From Investing Activities | |||
Cash From Financing Activities | 18.15K | $50.83K | |
Net Change In Cash | 0.000 | $0.00 | |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$18.15K | -$50.83K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021 | dei |
Auditor Location
AuditorLocation
|
Farmington, Utah | |
CY2021Q4 | us-gaap |
Cash
Cash
|
0 | USD |
CY2020Q4 | us-gaap |
Cash
Cash
|
0 | USD |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
0 | USD |
CY2021Q4 | us-gaap |
Assets
Assets
|
0 | USD |
CY2020Q4 | us-gaap |
Assets
Assets
|
0 | USD |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
4000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
5500 | USD |
CY2021Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
67107 | USD |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1500 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-71107 | USD |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1276084 | USD |
CY2020Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1276084 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-49331 | USD |
CY2020Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
16276 | USD |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
71107 | USD |
CY2020Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
21776 | USD |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14396323 | shares |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
14396 | USD |
CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
14396 | USD |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1361587 | USD |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1312256 | USD |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
0 | USD |
CY2020Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
0 | USD |
CY2021 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2020 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
49331 | USD |
CY2020 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1100 | USD |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
49331 | USD |
CY2020 | us-gaap |
Operating Expenses
OperatingExpenses
|
1100 | USD |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-49331 | USD |
CY2020 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1100 | USD |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2020 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-49331 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1100 | USD |
CY2021 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2021 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
14396323 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
14414405 | shares |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4129 | USD |
CY2020 | kgnr |
Common Shares Cancelled Amount
CommonSharesCancelledAmount
|
-16547 | USD |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-1100 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-21776 | USD |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-49331 | USD |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1400 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50831 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2500 | USD |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
50831 | USD |
CY2020 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
2500 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
50831 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2500 | USD |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
0 | USD |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
0 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | USD |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2021 | kgnr |
Common Shares Cancelled For Return Of Equity Investment
CommonSharesCancelledForReturnOfEquityInvestment
|
0 | USD |
CY2020 | kgnr |
Common Shares Cancelled For Return Of Equity Investment
CommonSharesCancelledForReturnOfEquityInvestment
|
16547 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-50831 | USD |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</p> | |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14396323 | shares |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-10360 | USD |
CY2020 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-231 | USD |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
10360 | USD |
CY2020 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
231 | USD |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
165414 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
155054 | USD |
CY2021Q4 | kgnr |
Deferred Tax Asset Valuation Allowances
DeferredTaxAssetValuationAllowances
|
-165414 | USD |
CY2020Q4 | kgnr |
Deferred Tax Asset Valuation Allowances
DeferredTaxAssetValuationAllowances
|
-155054 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1 | pure |
CY2021Q4 | kgnr |
Deferred Tax Asset Valuation Allowance
DeferredTaxAssetValuationAllowance
|
165414 | USD |
CY2020Q4 | kgnr |
Deferred Tax Asset Valuation Allowance
DeferredTaxAssetValuationAllowance
|
155054 | USD |