2024 Q2 Form 10-K Financial Statement
#000118518524000399 Filed on April 16, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $45.06K | $24.10K | $350.1K |
YoY Change | 297.35% | -29.72% | 272.07% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $45.06K | $24.10K | $350.1K |
YoY Change | 297.35% | -29.72% | 272.07% |
Operating Profit | -$45.06K | -$350.1K | |
YoY Change | 297.35% | 272.07% | |
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Pretax Income | -$45.06K | -$24.10K | -$350.1K |
YoY Change | 297.35% | -29.72% | 54.16% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$45.06K | -$24.10K | -$350.1K |
YoY Change | 297.35% | -29.72% | 54.16% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 101.3M shares | 100.3M shares | 86.37M shares |
Diluted Shares Outstanding | 101.3M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $0.00 | $0.00 | |
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | $2.010K | $2.010K |
YoY Change | -100.0% | 294.12% | 294.12% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $0.00 | $2.011K | $2.010K |
YoY Change | -100.0% | 293.54% | 294.12% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $0.00 | $2.011K | $2.010K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $0.00 | $2.011K | $2.010K |
YoY Change | -100.0% | 293.54% | 294.12% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $0.00 | $76.71K | $76.71K |
YoY Change | -100.0% | 164.85% | 164.88% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $0.00 | $158.8K | $158.9K |
YoY Change | -100.0% | 448.47% | 448.52% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $0.00 | $158.8K | $158.9K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $0.00 | $158.9K | $158.9K |
YoY Change | -100.0% | 448.52% | 448.52% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$29.65M | -$29.58M | |
YoY Change | 0.46% | 1.2% | |
Common Stock | $101.3K | $101.3K | |
YoY Change | 1.0% | 4300.61% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $0.00 | -$156.8K | -$156.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $0.00 | $2.011K | $2.010K |
YoY Change | -100.0% | 293.54% | 294.12% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$45.06K | -$24.10K | -$350.1K |
YoY Change | 297.35% | -29.72% | 54.16% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $0.00 | $0.00 | $0.00 |
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 | 0.000 | 0.000 | $0.00 |
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | 0.000 | 0.000 | $0.00 |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | $0.00 | $0.00 | $0.00 |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><span style="text-decoration:underline">SIGNIFICANT ESTIMATES</span></p><p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The preparation of financial statements in conformity with U.S. 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 dates of the financial statements and the reported amounts of revenues and expenses during the periods. We considered the potential impact of the COVID-19 pandemic on our estimates and assumptions and there was not a material impact to our financial statements as of December 31, 2023 and 2022, and for the years ended December 31, 2023 and 2022. Actual results could differ from estimates making it reasonably possible that a change in the estimates could occur in the near term.</p> | |
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0 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
|
9108809 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
|
2131464 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
98000000 | shares |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
221702 | usd |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
221702 | usd |
CY2023Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1000000 | shares |
CY2023Q2 | us-gaap |
Subsidiary Or Equity Method Investee Cumulative Number Of Shares Issued For All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativeNumberOfSharesIssuedForAllTransactions
|
99000000 | shares |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000768216 |