2023 Q2 Form 10-K Financial Statement
#000109690623000835 Filed on April 17, 2023
Income Statement
Concept | 2023 Q2 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $51.48K | $606.8K | |
YoY Change | -76.83% | 245.5% | |
Cost Of Revenue | $40.52K | $147.1K | |
YoY Change | 23.13% | ||
Gross Profit | $10.96K | $459.7K | |
YoY Change | -94.21% | 161.73% | |
Gross Profit Margin | 21.28% | 75.75% | |
Selling, General & Admin | $555.6K | ||
YoY Change | -46.02% | ||
% of Gross Profit | 120.85% | ||
Research & Development | $265.7K | $1.219M | |
YoY Change | -2.32% | 27.69% | |
% of Gross Profit | 2425.62% | 265.2% | |
Depreciation & Amortization | $1.189K | ||
YoY Change | |||
% of Gross Profit | 0.26% | ||
Operating Expenses | $832.1K | $4.533M | |
YoY Change | -47.07% | 78.08% | |
Operating Profit | -$821.2K | -$3.927M | |
YoY Change | -39.17% | 65.67% | |
Interest Expense | $12.82K | $20.25K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$793.5K | -$3.947M | |
YoY Change | -41.22% | 66.53% | |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$793.5K | -$3.947M | |
YoY Change | -41.22% | 66.53% | |
Net Earnings / Revenue | -1541.38% | -650.39% | |
Basic Earnings Per Share | -$0.01 | -$0.03 | |
Diluted Earnings Per Share | -$0.01 | -$0.03 | |
COMMON SHARES | |||
Basic Shares Outstanding | 149.4M shares | 128.8M shares | 128.8M shares |
Diluted Shares Outstanding | 150.5M shares | 128.8M shares |
Balance Sheet
Concept | 2023 Q2 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $33.57K | $30.58K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $33.57K | $30.58K | |
YoY Change | -48.72% | -94.99% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.069K | $5.623K | |
YoY Change | -17.94% | 113.4% | |
Goodwill | |||
YoY Change | |||
Intangibles | $1.067M | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.536M | $1.191M | |
YoY Change | 64.76% | 93.31% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $33.57K | $30.58K | |
Total Long-Term Assets | $1.536M | $1.191M | |
Total Assets | $1.569M | $1.222M | |
YoY Change | 57.31% | -0.35% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $823.3K | $546.8K | |
YoY Change | 60.35% | -4.54% | |
Accrued Expenses | $123.8K | $124.6K | |
YoY Change | 198.75% | -63.9% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.083M | $729.7K | |
YoY Change | 39.34% | -64.2% | |
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 | $2.083M | $729.7K | |
Total Long-Term Liabilities | |||
Total Liabilities | $2.121M | $795.7K | |
YoY Change | 33.5% | -60.96% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.150M | -$6.499M | |
YoY Change | 68.9% | 154.61% | |
Common Stock | $15.07K | $14.95K | |
YoY Change | 27.76% | 28.94% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$551.2K | $426.0K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.569M | $1.222M | |
YoY Change | 57.31% | -0.35% |
Cashflow Statement
Concept | 2023 Q2 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$793.5K | -$3.947M | |
YoY Change | -41.22% | 66.53% | |
Depreciation, Depletion And Amortization | $1.189K | ||
YoY Change | |||
Cash From Operating Activities | -$2.576M | ||
YoY Change | 150.85% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $6.656K | ||
YoY Change | 148.36% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$398.5K | ||
YoY Change | -9.81% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $1.000M | ||
YoY Change | 354.55% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $2.395M | ||
YoY Change | 83.38% | ||
NET CHANGE | |||
Cash From Operating Activities | -$2.576M | ||
Cash From Investing Activities | -$398.5K | ||
Cash From Financing Activities | $2.395M | ||
Net Change In Cash | -$579.3K | ||
YoY Change | 256.27% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.576M | ||
Capital Expenditures | $6.656K | ||
Free Cash Flow | -$2.582M | ||
YoY Change | 150.84% |
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|
-1026829 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
393742 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
439129 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1919 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6656 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2680 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-398479 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-441809 | usd |
CY2022 | fil |
Refund Of Stock Payable
RefundOfStockPayable
|
-30000 | usd |
CY2021 | fil |
Refund Of Stock Payable
RefundOfStockPayable
|
0 | usd |
CY2022 | fil |
Proceeds From Liability Of Stock Issuance
ProceedsFromLiabilityOfStockIssuance
|
0 | usd |
CY2021 | fil |
Proceeds From Liability Of Stock Issuance
ProceedsFromLiabilityOfStockIssuance
|
1086042 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1875000 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
450000 | usd |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1000000 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
220000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2395000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1306042 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-579279 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-162596 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
609862 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
772458 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30583 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
609862 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2021 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2022 | fil |
Common Stock Issued For Intellectual Property
CommonStockIssuedForIntellectualProperty
|
100000 | usd |
CY2021 | fil |
Common Stock Issued For Intellectual Property
CommonStockIssuedForIntellectualProperty
|
0 | usd |
CY2022 | fil |
Common Stock Issued For Stock Issuable Settlement
CommonStockIssuedForStockIssuableSettlement
|
1041200 | usd |
CY2021 | fil |
Common Stock Issued For Stock Issuable Settlement
CommonStockIssuedForStockIssuableSettlement
|
0 | usd |
CY2022 | fil |
Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
|
333333 | usd |
CY2021 | fil |
Common Stock Issued For Accrued Compensation
CommonStockIssuedForAccruedCompensation
|
0 | usd |
CY2022 | fil |
Subscription Receivable Non Cash
SubscriptionReceivableNonCash
|
520261 | usd |
CY2021 | fil |
Subscription Receivable Non Cash
SubscriptionReceivableNonCash
|
0 | usd |
CY2022 | fil |
Initial Recognition Of Right Of Use Asset And Lease Obligation
InitialRecognitionOfRightOfUseAssetAndLeaseObligation
|
157094 | usd |
CY2021 | fil |
Initial Recognition Of Right Of Use Asset And Lease Obligation
InitialRecognitionOfRightOfUseAssetAndLeaseObligation
|
0 | usd |
CY2022 | fil |
Common Stock Issued For Conversion Of Shareholder Loans And Accrued Interest
CommonStockIssuedForConversionOfShareholderLoansAndAccruedInterest
|
1479739 | usd |
CY2021 | fil |
Common Stock Issued For Conversion Of Shareholder Loans And Accrued Interest
CommonStockIssuedForConversionOfShareholderLoansAndAccruedInterest
|
0 | usd |
CY2022 | fil |
Preferred Stock Cancellation
PreferredStockCancellation
|
0 | usd |
CY2021 | fil |
Preferred Stock Cancellation
PreferredStockCancellation
|
10 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><b>NOTE 1. BUSINESS</b></p> <p style="font:8pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">KwikClick, Inc., (the Company) was organized pursuant to the laws of the State of Delaware on November 16, 1993. Beginning in 2020, the Company commenced its KwikClick business operations to allow sellers to make products or services available on the KwikClick platform, at Kwik.com, offering a self-determined incentive budget on goods or services in exchange for exposure and substantially increased sales volume. KWIKClick is a social interaction, selling, and referral software platform. Stores and manufacturers (“Brands”) wishing to promote their products or services on the KWIKClick software platform, which connects them to promoters, influencers, and customers. When the Brand is paid for the consumer purchases through the KWIKClick platform, the Brand pays an incentive budget to KWIKClick. KWIKClick receives the entire incentive budget as revenue for generating the sales through its platform, and recognizes cost of sales upon calculation and payment of the commissions paid to the wave of affiliates. </p> | |
CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3600000 | shares |
CY2021Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
400000 | shares |
CY2022Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
8483 | usd |
CY2021Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
4483 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
2860 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
1848 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5623 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2635 | usd |
CY2022Q4 | us-gaap |
Finite Lived Patents Gross
FiniteLivedPatentsGross
|
1028059 | usd |
CY2021Q4 | us-gaap |
Finite Lived Patents Gross
FiniteLivedPatentsGross
|
634317 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
100000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
0 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
61279 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
20810 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1066780 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
613507 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
1189 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
45 | usd |
CY2022 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
40469 | usd |
CY2021 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
16008 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
62502 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
62502 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
62502 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
62502 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
62502 | usd |
CY2022Q4 | fil |
Finite Lived Intangible Asset Expected Amortization Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationThereafter
|
754270 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1066780 | usd |
CY2022 | us-gaap |
Revenue Recognition Sales Returns
RevenueRecognitionSalesReturns
|
<p style="font:10pt Times New Roman;margin:0;color:#000000"><span style="background-color:#FFFFFF"><b>Return Allowances</b></span></p> <p style="font:13.5pt Times New Roman;margin:0;color:#000000"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="background-color:#FFFFFF">The fees earned by the Company are subject to returns under similar terms as set by the third-party services using the Company’s software platform. The Company does not assume responsibility for refund or replacement of product costs. Return allowances, which reduce revenue and cost of sales, are estimated using historical experience. During the years ended December 31, 2022 and 2021, the Company did not incur material returns.</span></p> | |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font:10pt Times New Roman;margin:0"><b>Reclassifications</b></p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">During the year ended December 31, 2022, the Company determined it does not obtain any form of control of the products sold on its software platform. In these transactions the Company is considered an agent and records revenue as the net amount it retains for its role in facilitating third-party sales. During 2021, the Company presented its revenue and cost of sales inclusive of the consideration received and paid for the products controlled by the seller. As of result of the agency determination the Company grossed down its 2021 revenue and cost of sales as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr style="height:7.2pt"><td style="width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:20.2%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>As Presented</b></p> </td><td style="width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:2.88%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:21.16%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>As Reclassified</b></p> </td></tr> <tr style="height:7.2pt"><td style="width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:20.2%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>December 31,</b></p> </td><td style="width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:2.88%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:21.16%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>December 31,</b></p> </td></tr> <tr style="height:7.2pt"><td style="width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:20.2%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>2021</b></p> </td><td style="width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:18.54%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>Reclassification</b></p> </td><td style="width:2.88%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:21.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>2021</b></p> </td></tr> <tr style="height:7.2pt"><td style="width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:20.2%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:18.54%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:2.88%" valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:21.16%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#D3F0FE;width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Revenue</p> </td><td style="background-color:#D3F0FE;width:20.2%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">102,311</kbd> </p> </td><td style="background-color:#D3F0FE;width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:76pt">(76,671)</kbd> </p> </td><td style="background-color:#D3F0FE;width:2.88%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:21.16%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">25,640</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Licensing Revenue</p> </td><td style="width:20.2%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">150,000</kbd> </p> </td><td style="width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:2.88%;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:21.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">150,000</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#D3F0FE;width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total Revenue</p> </td><td style="background-color:#D3F0FE;width:20.2%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">252,311</kbd> </p> </td><td style="background-color:#D3F0FE;width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:2.88%;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:21.16%;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">175,640</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:20.2%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:2.88%" valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:21.16%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#D3F0FE;width:34.62%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Cost of Revenue</p> </td><td style="background-color:#D3F0FE;width:20.2%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">76,671</kbd> </p> </td><td style="background-color:#D3F0FE;width:2.6%" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:18.54%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:76pt">(76,671)</kbd> </p> </td><td style="background-color:#D3F0FE;width:2.88%;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#D3F0FE;width:21.16%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:77pt">-</kbd> </p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">During the year ended December 31, 2021 the Company presented its statements of operations on a granular basis that has been grouped for the current year presentation. </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The following table provides an illustration of the reclassified operating expenses:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="border-collapse:collapse;width:100%"><tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>As Presented:</b></p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>As Reclassified:</b></p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:22.12%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>December 31,</b><br/><b>2021</b></p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:18.24%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Reclassification</b></p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td style="width:22.12%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"><b>December 31, </b><br/><b>2021</b></p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:22.12%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.24%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:22.12%;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#CCEEFF;width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><b>Operating Expenses:</b></p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">General and administrative</p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">3,645</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">1,025,586 </kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt">$</kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">1,029,231</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#CCEEFF;width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Management and payroll</p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">561,732</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">- </kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">561,732</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Research and development</p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">954,728 </kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">954,728</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#CCEEFF;width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Amortization and depreciation</p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">16,053</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(16,053)</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Legal and professional</p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">163,232</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(163,232)</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#CCEEFF;width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Marketing</p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">94,122</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(94,122)</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Office supplies</p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">15,848</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(15,848)</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#CCEEFF;width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Outside services</p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">1,679,333</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(1,679,333)</kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="background-color:#CCEEFF;width:22.12%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Rent</p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="width:22.12%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">11,726</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:75pt">(11,726)</kbd> </p> </td><td style="width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="width:22.12%;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0"><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt">-</kbd> </p> </td></tr> <tr style="height:7.2pt"><td style="background-color:#CCEEFF;width:33.42%" valign="bottom"><p style="font:10pt Times New Roman;margin:0">Total operating expenses</p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p> </td><td style="background-color:#CCEEFF;width:22.12%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt"><b>$</b></kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt"><b>2,545,691</b></kbd> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:18.24%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:1.36%" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p> </td><td style="background-color:#CCEEFF;width:22.12%;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:7pt"><b>$</b></kbd><kbd style="position:absolute;text-align:right;font:10pt Times New Roman;width:93pt"><b>2,545,691</b></kbd> </p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The reclassification did not have a material impact on the Company’s financial position, results of operations, or cash flows as of and for the year ended December 31, 2021. </p> | |
CY2021 | fil |
Brand Services Revenue
BrandServicesRevenue
|
25640 | usd |
CY2021 | fil |
Software Licensing Revenue
SoftwareLicensingRevenue
|
150000 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
175640 | usd |
CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
0 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1029231 | usd |
CY2021 | us-gaap |
Salaries And Wages
SalariesAndWages
|
561732 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
954728 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
0 | usd |
CY2021 | us-gaap |
Legal Fees
LegalFees
|
0 | usd |
CY2021 | us-gaap |
Marketing Expense
MarketingExpense
|
0 | usd |
CY2021 | us-gaap |
Supplies Expense
SuppliesExpense
|
0 | usd |
CY2021 | fil |
Outside Services
OutsideServices
|
0 | usd |
CY2021 | us-gaap |
Payments For Rent
PaymentsForRent
|
0 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
2545691 | usd |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
20250 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
1479739 | usd |
CY2022Q4 | fil |
Subscription Receivable
SubscriptionReceivable
|
-520261 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1000000 | usd |
CY2022 | fil |
Issuance Of Common Stock For Intellectual Property Acquisition
IssuanceOfCommonStockForIntellectualPropertyAcquisition
|
100000 | usd |
CY2022 | us-gaap |
Marketing Expense
MarketingExpense
|
270284 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><b>Use of Estimates</b></p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The preparation of financial statements in conformity with US 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 and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2022 | fil |
Common Stock Issued For Stock Issuable Settlement
CommonStockIssuedForStockIssuableSettlement
|
1041200 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
220000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3946791 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
947624 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
377280 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
947624 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
377280 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-828826 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-497711 | usd |
CY2022 | fil |
Effective Income Tax Rate Reconciliation Stock For Services
EffectiveIncomeTaxRateReconciliationStockForServices
|
258482 | usd |
CY2021 | fil |
Effective Income Tax Rate Reconciliation Stock For Services
EffectiveIncomeTaxRateReconciliationStockForServices
|
25200 | usd |
CY2022 | fil |
Effective Income Tax Rate Reconciliation Stock Options
EffectiveIncomeTaxRateReconciliationStockOptions
|
0 | usd |
CY2021 | fil |
Effective Income Tax Rate Reconciliation Stock Options
EffectiveIncomeTaxRateReconciliationStockOptions
|
63579 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
0 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
70000 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-570344 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-338932 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
120000 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
5797550 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.22 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2197550 | usd |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0.43 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3600000 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.10 | |
CY2022Q4 | fil |
Committed Shares Of Stock For The Fulfillment Of The Unissued Vested Shares And Unvested Awards
CommittedSharesOfStockForTheFulfillmentOfTheUnissuedVestedSharesAndUnvestedAwards
|
3730883 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-1230867 | usd |
CY2021 | fil |
Stock Options Issued For Services
StockOptionsIssuedForServices
|
302758 | usd |
CY2022 | fil |
Stock Options Issued For Services
StockOptionsIssuedForServices
|
0 | usd |
CY2021 | fil |
Stock Options Issued For Services
StockOptionsIssuedForServices
|
302758 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
34489 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
20249 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | usd |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
120000 | usd |
CY2022 | fil |
Revenue From Licensing Agreement
RevenueFromLicensingAgreement
|
300000 | usd |
CY2021 | fil |
Revenue From Licensing Agreement
RevenueFromLicensingAgreement
|
150000 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
61553 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
63400 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
5296 | usd |
CY2022Q4 | fil |
Total Undiscounted Cash Payments
TotalUndiscountedCashPayments
|
130249 | usd |
CY2022 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
9901 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
120348 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
56578 | usd |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | usd |