2024 Q4 Form 10-K Financial Statement

#000149315224040685 Filed on October 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $4.946K $21.52K
YoY Change -24.09% 27.01%
Cost Of Revenue $2.438K $10.94K
YoY Change -28.4% 27.25%
Gross Profit $2.508K $10.59K
YoY Change -19.38% 26.76%
Gross Profit Margin 50.71% 49.19%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit -$8.401K -$42.28K
YoY Change -67.52% 89.97%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$8.401K -$42.28K
YoY Change -67.52% 90.46%
Income Tax
% Of Pretax Income
Net Earnings -$8.401K -$42.28K
YoY Change -67.52% 90.46%
Net Earnings / Revenue -169.85% -196.43%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 55.00M shares 55.00M shares
Diluted Shares Outstanding 55.00M shares 55.00M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $18.14K $19.42K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $5.170K $2.527K
Prepaid Expenses $3.059K $6.526K
Receivables
Other Receivables
Total Short-Term Assets $26.37K $28.47K
YoY Change 43.48% -33.84%
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
YoY Change
TOTAL ASSETS
Total Short-Term Assets $26.37K $28.47K
Total Long-Term Assets $0.00 $0.00
Total Assets $26.37K $28.47K
YoY Change 43.48% -33.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.52K $69.92K
YoY Change 73.05%
Accrued Expenses $3.200K $7.500K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $83.72K $77.42K
YoY Change 64.42% 55.76%
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 $83.72K $77.42K
Total Long-Term Liabilities
Total Liabilities $83.72K $77.42K
YoY Change 64.42% 55.76%
SHAREHOLDERS EQUITY
Retained Earnings -$89.45K -$81.05K
YoY Change 38.38% 109.04%
Common Stock $5.500K $5.500K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$57.35K -$48.95K
YoY Change
Total Liabilities & Shareholders Equity $26.37K $28.47K
YoY Change 43.48% -33.84%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income -$8.401K -$42.28K
YoY Change -67.52% 90.46%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.280K -$9.322K
YoY Change -94.82% -47.74%
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 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -$1.280K -$9.322K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -$1.280K -$9.322K
YoY Change -94.82% -187.42%
FREE CASH FLOW
Cash From Operating Activities -$1.280K -$9.322K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_84F_eus-gaap--UseOfEstimates_zcZupPPsuswh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zieQoSnc5Fhg">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21522 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16945 usd
CY2024 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1 pure
CY2023 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1 pure
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6954 usd
CY2024 us-gaap Cost Of Revenue
CostOfRevenue
10936 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
8594 usd
CY2024 us-gaap Cost Of Revenue
CostOfRevenue
10936 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21522 usd
CY2024 us-gaap Cost Of Revenue
CostOfRevenue
10936 usd
CY2024 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52861 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
-42275 usd
CY2024Q3 us-gaap Assets
Assets
28474 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16945 usd
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CostOfRevenue
8594 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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OperatingIncomeLoss
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CY2023Q3 us-gaap Assets
Assets
43035 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21522 usd
CY2024 us-gaap Cost Of Revenue
CostOfRevenue
10936 usd
CY2024 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52861 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16945 usd
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
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CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
30605 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-22254 usd
CY2023Q3 us-gaap Assets
Assets
43035 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-42275 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9322 usd
CY2024Q3 KFGL Working Capital
WorkingCapital
48945 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-48945 usd
CY2024Q3 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
ten-for-one
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001

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