2022 Q3 Form 10-K Financial Statement
#000147793222007294 Filed on September 28, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 |
---|---|---|---|
Revenue | $1.129M | $1.048M | $3.807M |
YoY Change | 32.52% | 41.72% | 42.76% |
Cost Of Revenue | $652.5K | $729.8K | $2.714M |
YoY Change | 3.49% | 45.95% | 39.62% |
Gross Profit | $476.1K | $317.8K | $1.093M |
YoY Change | 115.3% | 32.87% | 51.2% |
Gross Profit Margin | 42.19% | 30.33% | 28.72% |
Selling, General & Admin | $324.5K | $1.639M | $2.698M |
YoY Change | -14.62% | 72.77% | -11.67% |
% of Gross Profit | 68.15% | 515.75% | 246.79% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $181.1K | $181.1K | $724.5K |
YoY Change | 0.0% | 0.0% | 0.0% |
% of Gross Profit | 38.04% | 57.0% | 66.26% |
Operating Expenses | $635.1K | $624.9K | $2.698M |
YoY Change | -21.55% | -34.12% | -11.67% |
Operating Profit | -$159.0K | -$307.2K | -$1.605M |
YoY Change | -72.98% | -56.7% | -31.16% |
Interest Expense | $51.03K | -$51.03K | $2.003M |
YoY Change | -98.29% | -98.31% | -160.61% |
% of Operating Profit | |||
Other Income/Expense, Net | $50.00 | $0.00 | |
YoY Change | -100.0% | ||
Pretax Income | -$210.0K | -$358.2K | $955.7K |
YoY Change | -107.1% | -90.38% | -119.0% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$210.0K | -$358.2K | $955.7K |
YoY Change | -107.1% | -90.38% | -119.0% |
Net Earnings / Revenue | -18.6% | -34.19% | 25.1% |
Basic Earnings Per Share | $0.00 | $0.01 | |
Diluted Earnings Per Share | -$2.233K | -$3.811K | $0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 94.62M shares | 92.43M shares | |
Diluted Shares Outstanding | 145.7M shares | 143.1M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $225.3K | $367.3K | $367.3K |
YoY Change | -60.34% | -46.36% | -46.36% |
Cash & Equivalents | $225.3K | $367.2K | $367.3K |
Short-Term Investments | |||
Other Short-Term Assets | $14.73K | $23.11K | $23.11K |
YoY Change | 44.7% | 63.32% | 63.32% |
Inventory | $0.00 | $0.00 | |
Prepaid Expenses | |||
Receivables | $26.60K | $29.09K | $29.09K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $266.6K | $419.4K | $419.4K |
YoY Change | -57.96% | -42.56% | -42.56% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.768M | $1.949M | $1.500K |
YoY Change | -29.06% | -27.09% | 0.0% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | ||
YoY Change | |||
Total Long-Term Assets | $1.768M | $1.949M | $1.949M |
YoY Change | -29.06% | -27.09% | -27.09% |
TOTAL ASSETS | |||
Total Short-Term Assets | $266.6K | $419.4K | $419.4K |
Total Long-Term Assets | $1.768M | $1.949M | $1.949M |
Total Assets | $2.035M | $2.369M | $2.369M |
YoY Change | -34.92% | -30.41% | -30.41% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $318.9K | $360.9K | $360.9K |
YoY Change | -17.38% | 69.08% | 69.08% |
Accrued Expenses | $1.055M | $1.178M | $1.178M |
YoY Change | 12.85% | 22.91% | 22.91% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.621M | $1.730M | $1.730M |
YoY Change | -6.26% | 0.0% | 0.0% |
Total Short-Term Liabilities | $3.007M | $3.281M | $3.281M |
YoY Change | -54.94% | -65.71% | -65.71% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $500.0K | $500.0K | $500.0K |
YoY Change | 0.0% | -52.74% | -52.74% |
Other Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Total Long-Term Liabilities | $500.0K | $500.0K | $500.0K |
YoY Change | 0.0% | -52.74% | -52.74% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.007M | $3.281M | $3.281M |
Total Long-Term Liabilities | $500.0K | $500.0K | $500.0K |
Total Liabilities | $3.507M | $3.781M | $3.781M |
YoY Change | -51.11% | -64.42% | -64.42% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$24.06M | -$23.85M | |
YoY Change | 10.13% | -3.85% | |
Common Stock | $94.61K | $93.32K | |
YoY Change | 4.73% | 4.48% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.472M | -$1.413M | -$1.413M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.035M | $2.369M | $2.369M |
YoY Change | -34.92% | -30.41% | -30.41% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$210.0K | -$358.2K | $955.7K |
YoY Change | -107.1% | -90.38% | -119.0% |
Depreciation, Depletion And Amortization | $181.1K | $181.1K | $724.5K |
YoY Change | 0.0% | 0.0% | 0.0% |
Cash From Operating Activities | -$33.59K | -$62.19K | -$317.4K |
YoY Change | -71.16% | -61.18% | -63.02% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$108.3K | 0.000 | $0.00 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -$33.59K | -62.19K | -$317.4K |
Cash From Investing Activities | $0.00 | 0.000 | $0.00 |
Cash From Financing Activities | -$108.3K | 0.000 | $0.00 |
Net Change In Cash | -$141.9K | -62.19K | -$317.4K |
YoY Change | 21.83% | -61.18% | -49.24% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$33.59K | -$62.19K | -$317.4K |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$62.19K | -$317.4K | |
YoY Change | -61.18% | -63.02% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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Allowance For Doubtful Accounts Receivable
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Revenues
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2666829 | usd |
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Cost Of Revenue
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2713676 | usd |
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FY | |
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--06-30 | |
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2022 | |
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Common Stock Par Or Stated Value Per Share
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0.001 | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
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250000 | usd |
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LEAFBUYER TECHNOLOGIES, INC. | |
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NV | |
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Entity Tax Identification Number
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38-3944821 | |
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Entity Address Address Line1
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6888 S. Clinton Street | |
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Entity Address Address Line2
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Suite 301 | |
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Entity Address City Or Town
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Greenwood Village | |
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CO | |
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Entity Address Postal Zip Code
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80112 | |
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720 | |
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235-0099 | |
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Entity Well Known Seasoned Issuer
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Entity Voluntary Filers
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B F Borgers CPA PC | |
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Lakewood, Colorado | |
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ProceedsFromIssuanceOfGovernmentReliefDebts
|
557977 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
0 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-325000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
232977 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-317394 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-625273 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
684639 | usd |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1309912 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
367245 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
684639 | usd |
CY2022 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2021 | us-gaap |
Interest Paid
InterestPaid
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022 | lbuy |
Issuance Of Common Stock For Acquisition Of Intangible Assets
IssuanceOfCommonStockForAcquisitionOfIntangibleAssets
|
0 | usd |
CY2021 | lbuy |
Issuance Of Common Stock For Acquisition Of Intangible Assets
IssuanceOfCommonStockForAcquisitionOfIntangibleAssets
|
0 | usd |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
0 | usd |
CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
300000 | usd |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3223148 | usd |
CY2021 | lbuy |
Stock Based Compensation For Employees
StockBasedCompensationForEmployees
|
326506 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
177718 | usd |
CY2021 | lbuy |
Issuance Of Common Stock For Services Amount
IssuanceOfCommonStockForServicesAmount
|
224183 | usd |
CY2021 | lbuy |
Issuance Of Common Stock In Conversion Of Notes Payable And Accrued Interest Amount
IssuanceOfCommonStockInConversionOfNotesPayableAndAccruedInterestAmount
|
300000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5029380 | usd |
CY2022 | lbuy |
Stock Based Compensation For Employees
StockBasedCompensationForEmployees
|
194121 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
93354 | usd |
CY2022 | lbuy |
Issuance Of Common Stock For Services Amount
IssuanceOfCommonStockForServicesAmount
|
175535 | usd |
CY2022 | lbuy |
Bifurcated Derivatives Ps A
BifurcatedDerivativesPsA
|
4392870 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
955695 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1412547 | usd |
CY2022Q2 | us-gaap |
Cash
Cash
|
367245 | usd |
CY2022Q2 | lbuy |
Working Capital Deficit
WorkingCapitalDeficit
|
2862026 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-23850487 | usd |
CY2022 | lbuy |
Net Income
NetIncome
|
-1604936 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Management uses estimates and assumptions in preparing these consolidated financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Examples of estimates include loss contingencies; useful lives of our fixed assets and intangible assets; allowances for doubtful accounts; and stock-based compensation forfeiture rates. Examples of assumptions include: the elements comprising a software arrangement, including the distinction between upgrades or enhancements and new products; when technological feasibility is achieved for our products; the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns. Actual results could differ from those estimates.</p> | |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain reclassifications have been made to the financial statements as of and for the year ended June 30, 2021 to conform to the presentation as of and for the year ended June 30, 2022.</p> | |
CY2022Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q2 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
117245 | usd |
CY2022Q2 | lbuy |
Warrants Issued
WarrantsIssued
|
29119893 | shares |
CY2022 | lbuy |
Stock Options Vested
StockOptionsVested
|
7471867 | shares |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
13996800 | shares |
CY2020 | lbuy |
Weighted Average Interest Rate
WeightedAverageInterestRate
|
0.0513 | pure |
CY2021 | lbuy |
Weighted Average Interest Rate
WeightedAverageInterestRate
|
0.0513 | pure |
CY2021Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
18000000 | usd |
CY2022Q2 | lbuy |
Software Platform
SoftwarePlatform
|
4482225 | usd |
CY2021Q2 | lbuy |
Software Platform
SoftwarePlatform
|
4482225 | usd |
CY2022Q2 | lbuy |
Furniture And Fixtures
FurnitureAndFixtures
|
1500 | usd |
CY2021Q2 | lbuy |
Furniture And Fixtures
FurnitureAndFixtures
|
1500 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-2534246 | usd |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-1809801 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1949479 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2673924 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
|
724445 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
|
622359 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
|
459342 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
|
143333 | usd |
CY2022Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1949479 | usd |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q3 | lbuy |
Articles Of Amendment
ArticlesOfAmendment
|
the Company filed Articles of Amendment to Amended and Restated Articles of Incorporation with the State of Nevada increasing the number of common shares from 150,000,000 to 700,000,000 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | lbuy |
Derivative Liability
DerivativeLiability
|
324325 | usd |
CY2019 | us-gaap |
Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
|
533000 | usd |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
131000 | usd |
CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
300000 | usd |
CY2021Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4000000 | usd |
CY2019 | lbuy |
Remaining Principal Amount
RemainingPrincipalAmount
|
90125 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
330775 | usd |
CY2020 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
205814 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
233355 | usd |
CY2020 | us-gaap |
Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
|
552451 | usd |
CY2021 | us-gaap |
Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
|
419715 | usd |
CY2022Q2 | us-gaap |
Notes Payable
NotesPayable
|
2633102 | usd |
CY2021Q2 | us-gaap |
Notes Payable
NotesPayable
|
2633102 | usd |
CY2022Q2 | lbuy |
Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
|
1575125 | usd |
CY2021Q2 | lbuy |
Less Current Portion Of Notes Payable
LessCurrentPortionOfNotesPayable
|
1575125 | usd |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1057977 | usd |
CY2021Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1057977 | usd |
CY2022 | lbuy |
Options Nonvested Beginning Balance
OptionsNonvestedBeginningBalance
|
12130179 | shares |
CY2022 | lbuy |
Weighted Average Grant Date Fair Falue Nonvested Beginning
WeightedAverageGrantDateFairFalueNonvestedBeginning
|
0.11 | |
CY2022 | lbuy |
Options Granted
OptionsGranted
|
11850000 | shares |
CY2022 | lbuy |
Weighted Average Grant Date Fair Falue Granted
WeightedAverageGrantDateFairFalueGranted
|
0.04 | |
CY2022 | lbuy |
Options Vested
OptionsVested
|
-2381892 | usd |
CY2022 | lbuy |
Weighted Average Grant Date Fair Falue Vested
WeightedAverageGrantDateFairFalueVested
|
0.07 | |
CY2022 | lbuy |
Options Forfeited
OptionsForfeited
|
-8148117 | shares |
CY2022 | lbuy |
Weighted Average Grant Date Fair Falue Forfeited
WeightedAverageGrantDateFairFalueForfeited
|
0.07 | |
CY2022 | lbuy |
Options Nonvested Ending Balance
OptionsNonvestedEndingBalance
|
13450170 | shares |
CY2022 | lbuy |
Weighted Average Grant Date Fair Falue Nonvested Ending
WeightedAverageGrantDateFairFalueNonvestedEnding
|
0.11 | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
29119898 | shares |
CY2022Q2 | lbuy |
Aggregate Intrinsic Value
AggregateIntrinsicValue
|
0 | usd |
CY2022Q2 | lbuy |
Total Lease Liability
TotalLeaseLiability
|
51786 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
91316 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
94098 | usd |
CY2022 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
86970 | usd |
CY2022 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
25000 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
61970 | usd |