2024 Q4 Form 10-Q Financial Statement

#000168316824009066 Filed on December 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $715.00
YoY Change -97.31%
Cost Of Revenue $3.070K
YoY Change -62.87%
Gross Profit -$2.354K
YoY Change -112.86%
Gross Profit Margin -329.23%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $10.33K
YoY Change -99.26%
Operating Profit -$12.69K
YoY Change -99.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$19.52K
YoY Change -97.65%
Pretax Income -$32.20K
YoY Change -98.54%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$32.20K
YoY Change -98.57%
Net Earnings / Revenue -4503.64%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 407.8M shares 372.9M shares
Diluted Shares Outstanding 398.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $810.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.219K
Prepaid Expenses
Receivables $3.376K
Other Receivables
Total Short-Term Assets $5.405K
YoY Change -97.06%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $5.405K
Total Long-Term Assets $0.00
Total Assets $5.405K
YoY Change -99.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.8K
YoY Change 33.97%
Accrued Expenses $101.1K
YoY Change -18.36%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $979.9K
YoY Change 34.49%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $979.9K
Total Long-Term Liabilities
Total Liabilities $979.9K
YoY Change -29.85%
SHAREHOLDERS EQUITY
Retained Earnings -$19.60M
YoY Change 1.93%
Common Stock $407.8K
YoY Change 34.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$941.5K
YoY Change
Total Liabilities & Shareholders Equity $5.405K
YoY Change -99.14%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$32.20K
YoY Change -98.57%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities
YoY Change
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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-964067 usd
CY2024Q3 kitl Conversion Of Convertible Notes Andinto Common Stock
ConversionOfConvertibleNotesAndintoCommonStock
21751 usd
CY2024Q3 kitl Profit Loss1
ProfitLoss1
-32201 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-974517 usd
us-gaap Profit Loss
ProfitLoss
-199155 usd
us-gaap Profit Loss
ProfitLoss
-4521538 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
39624 usd
us-gaap Extinguishment Of Debt Gain Loss Income Tax
ExtinguishmentOfDebtGainLossIncomeTax
168060 usd
kitl Stockbased Compensation For Services
StockbasedCompensationForServices
0 usd
kitl Stockbased Compensation For Services
StockbasedCompensationForServices
2502500 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
-0 usd
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
73398 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
34221 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
kitl Issuance Of Financing Commitment Shares
IssuanceOfFinancingCommitmentShares
1500 usd
kitl Issuance Of Financing Commitment Shares
IssuanceOfFinancingCommitmentShares
1057219 usd
kitl Issuance Of Financing Commitment Warrants
IssuanceOfFinancingCommitmentWarrants
0 usd
kitl Issuance Of Financing Commitment Warrants
IssuanceOfFinancingCommitmentWarrants
56630 usd
kitl Sale Of Equipment
SaleOfEquipment
13019 usd
kitl Sale Of Equipment
SaleOfEquipment
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1741 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
999 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-10698 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1814 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
22289 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
67620 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2745 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-0 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
56494 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5596 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-56448 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-708065 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
32415 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
65073 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
58507 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
-0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
12171 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
450000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
-0 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
70000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32415 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
491409 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24033 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-216656 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24842 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
324493 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
810 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107837 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
kitl Conversion Of Convertible Notes And Accrued Interest Into Common Stock
ConversionOfConvertibleNotesAndAccruedInterestIntoCommonStock
63934 usd
kitl Conversion Of Convertible Notes And Accrued Interest Into Common Stock
ConversionOfConvertibleNotesAndAccruedInterestIntoCommonStock
616260 usd
kitl Reduction Of Accounts Payable And Accrued Interest With Common Stock
ReductionOfAccountsPayableAndAccruedInterestWithCommonStock
0 usd
kitl Reduction Of Accounts Payable And Accrued Interest With Common Stock
ReductionOfAccountsPayableAndAccruedInterestWithCommonStock
35050 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zlfhXIsTS4I3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_861_zmKQZy3vcsU8">Use of Estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, valuation of accounts receivable and the allowance for doubtful accounts, inventories, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed consolidated financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3376 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5117 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
810 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24842 usd
CY2024Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
562000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
562000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
1219 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
11917 usd
CY2024Q3 us-gaap Cash
Cash
810 usd
CY2024Q3 kitl Working Capital
WorkingCapital
-974517 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19598804 usd
CY2024Q3 us-gaap Property Plant And Equipment Salvage Value
PropertyPlantAndEquipmentSalvageValue
0 usd
CY2023Q4 us-gaap Property Plant And Equipment Salvage Value
PropertyPlantAndEquipmentSalvageValue
40852 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
3061 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2686 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
98006 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
39363 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
101067 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
42049 usd
CY2024Q3 us-gaap Notes Payable
NotesPayable
352497 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
250000 usd
CY2024Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
389550 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
425000 usd
CY2022Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
100167 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
650000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
650000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
407750100 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
407750100 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
336763187 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
336763187 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
21751 usd
kitl Conversion Of Stock Amount Issued1 Additional
ConversionOfStockAmountIssued1Additional
19000 usd
kitl Shares Issued On Equity Line Of Credit Value
SharesIssuedOnEquityLineOfCreditValue
32415 usd
CY2023Q4 kitl Stock Based Compensation For Services Related Party Value
StockBasedCompensationForServicesRelatedPartyValue
286000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
5343 usd
CY2023Q4 kitl Issuance Of Common Stock As Commitment Fees With Exercise Of Warrants Value
IssuanceOfCommonStockAsCommitmentFeesWithExerciseOfWarrantsValue
79977 usd
CY2023Q4 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
52700 usd
CY2023Q4 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
17000 usd
CY2023Q3 kitl Stock Based Compensation For Services Related Party Value
StockBasedCompensationForServicesRelatedPartyValue
1215000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
34000 usd
CY2023Q3 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
581219 usd
CY2023Q3 kitl Issuance Of Common Stock As Financing Commitment Share Value
IssuanceOfCommonStockAsFinancingCommitmentShareValue
131000 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15072 usd
CY2023Q2 kitl Stock Based Compensation For Services Related Party Value
StockBasedCompensationForServicesRelatedPartyValue
980300 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
66500 usd
CY2023Q2 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
234400 usd
CY2023Q2 kitl Issuance Of Common Stock As Financing Commitment Share Value
IssuanceOfCommonStockAsFinancingCommitmentShareValue
147000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
206700 usd
CY2023Q1 kitl Issuance Of Common Stock As Financing Commitment Share Value
IssuanceOfCommonStockAsFinancingCommitmentShareValue
198000 usd
CY2023Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
381860 usd
CY2023Q1 kitl Common Stock Issued For Accounts Payable Value
CommonStockIssuedForAccountsPayableValue
15050 usd
CY2022 kitl Issuance Of Common Stock As Financing Commitment Share Shares
IssuanceOfCommonStockAsFinancingCommitmentShareShares
1607000 shares
CY2022 kitl Issuance Of Common Stock As Financing Commitment Share Value
IssuanceOfCommonStockAsFinancingCommitmentShareValue
97453 usd
CY2022 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
3696000 shares
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
58027 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16000000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y3M
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001683168-24-009066.txt Edgar Link pending
0001683168-24-009066-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
kisses_ex3101.htm Edgar Link pending
kisses_ex3102.htm Edgar Link pending
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kisses_ex3202.htm Edgar Link pending
kisses_i10q-093024.htm Edgar Link pending
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kitl-20240930_lab.xml Edgar Link unprocessable
kitl-20240930_pre.xml Edgar Link unprocessable
kisses_i10q-093024_htm.xml Edgar Link completed
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