$LUDG
LUDWIG ENTERPRISES, INC. Stock $ludg

$ludg Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-K Financial Statement

#000190359624000245 Filed on April 16, 2024

Income Statement

Concept	2024 Q2	2023 Q4	2023
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development			$436.4K
YoY Change			285.36%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses			$436.4K
YoY Change			285.36%
Operating Profit	-$343.0K		$1.454M
YoY Change	32.98%		159.39%
Interest Expense	$14.16K		$15.71K
YoY Change	444.69%		11.7%
% of Operating Profit			1.08%
Other Income/Expense, Net			-$1.003M
YoY Change			147.79%
Pretax Income	-$364.2K		-$2.457M
YoY Change	-37.58%		154.53%
Income Tax
% Of Pretax Income
Net Earnings	-$364.2K		-$2.457M
YoY Change	-37.58%		154.53%
Net Earnings / Revenue
Basic Earnings Per Share	$0.00
Diluted Earnings Per Share	$0.00
COMMON SHARES
Basic Shares Outstanding	159.0M shares	154.4M shares
Diluted Shares Outstanding	159.0M shares

Balance Sheet

Concept	2024 Q2	2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$201.9K	$108.3K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses	$44.25K	$4.133K
Receivables
Other Receivables
Total Short-Term Assets	$246.2K	$112.5K
YoY Change		-78.21%
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	$246.2K	$112.5K
Total Long-Term Assets	$0.00	$0.00
Total Assets	$246.2K	$112.5K
YoY Change		-78.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.258M	$1.574M
YoY Change		17.26%
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	$2.258M	$1.574M
Total Long-Term Liabilities
Total Liabilities	$2.258M	$1.574M
YoY Change		17.26%
SHAREHOLDERS EQUITY
Retained Earnings	-$6.218M	-$4.242M
YoY Change		137.55%
Common Stock	$159.0K	$155.5K
YoY Change		-50.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.012M	-$1.462M
YoY Change
Total Liabilities & Shareholders Equity	$246.2K	$112.5K
YoY Change		-78.21%

Cashflow Statement

Concept	2024 Q2	2023
OPERATING ACTIVITIES
Net Income	-$364.2K	-$2.457M
YoY Change	-37.58%	154.53%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities		-$647.9K
YoY Change		45.65%
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		$240.0K
YoY Change		-71.29%
NET CHANGE
Cash From Operating Activities		-$647.9K
Cash From Investing Activities
Cash From Financing Activities		$240.0K
Net Change In Cash		-$407.9K
YoY Change		-204.26%
FREE CASH FLOW
Cash From Operating Activities		-$647.9K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022	us-gaap	Revenues Revenues		usd
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CY2022	us-gaap	Gross Profit GrossProfit		usd
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CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2022	ludg	Cancellation Of Common Stock CancellationOfCommonStock		usd
CY2023	ludg	Stock Issued For Services Related Party1 StockIssuedForServicesRelatedParty1		usd
CY2023	ludg	Stock Issued For Option To Acquire Common Stock StockIssuedForOptionToAcquireCommonStock		usd
CY2022	ludg	Stock Issued For License Fee1 StockIssuedForLicenseFee1		usd
CY2023	ludg	Stock Issued During Period Value Purchase Of Asset StockIssuedDuringPeriodValuePurchaseOfAsset		usd
CY2022	ludg	Inducement Expense InducementExpense		usd
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CY2022	us-gaap	Increase Decrease In Prepaid Expenses Other IncreaseDecreaseInPrepaidExpensesOther		usd
CY2023	us-gaap	Proceeds From Issuance Of Redeemable Preferred Stock ProceedsFromIssuanceOfRedeemablePreferredStock		usd
CY2023	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable		usd
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CY2023	ludg	Conversion Of Accrued Interest Into Convertible Notes Payable ConversionOfAccruedInterestIntoConvertibleNotesPayable		usd
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CY2023	ludg	Debt Discount Beneficial Conversion Feature One DebtDiscountBeneficialConversionFeatureOne		usd
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CY2023Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount		usd
CY2023	us-gaap	Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability		usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
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CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		usd
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	32575000	usd
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Auditor Firm AuditorFirmId	5036
CY2023	dei	Auditor Location AuditorLocation	Margate, Florida
CY2023	dei	Auditor Name AuditorName	Assurance Dimensions
CY2022Q4	us-gaap	Cash Cash	516195	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	112468	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	516195	usd
CY2023Q4	us-gaap	Assets Assets	112468	usd
CY2022Q4	us-gaap	Assets Assets	516195	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	204024	usd
CY2022Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	6882	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	1270009	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	507136	usd
CY2023Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	100000	usd
CY2022Q4	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	828344	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1574033	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1342362	usd
CY2023Q4	us-gaap	Liabilities Liabilities	1574033	usd
CY2022Q4	us-gaap	Liabilities Liabilities	1342362	usd
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	7000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	7000000	shares
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	7000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	7000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	7000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	7000000	shares
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	7000	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	7000	usd
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1250000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1250000000	shares
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CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	155464808	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	315188929	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	315188929	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	155463	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2618454	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	637577	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4242482	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1785932	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1461565	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-826167	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	112468	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	516195	usd
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CY2022	us-gaap	Other General Expense OtherGeneralExpense	447260	usd
CY2023	ludg	Research And Development In Expenses ResearchAndDevelopmentInExpenses	436398	usd
CY2022	ludg	Research And Development In Expenses ResearchAndDevelopmentInExpenses	113245	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	1453868	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	560505	usd
CY2023	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-1453868	usd
CY2022	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-560505	usd
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CY2022	ludg	Amortization Of Debt Discount AmortizationOfDebtDiscount	-435052	usd
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1002682	usd
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-404645	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2456550	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-965150	usd
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CY2023	ludg	Basic And Diluted Loss Per Common Share BasicAndDilutedLossPerCommonShare	-0.01
CY2022	ludg	Basic And Diluted Loss Per Common Share BasicAndDilutedLossPerCommonShare	-0.00
CY2023	ludg	Weighted Average Number Of Common Shares Outstanding Basic And Diluted WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	286563789	shares
CY2022	ludg	Weighted Average Number Of Common Shares Outstanding Basic And Diluted WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	313736463	shares
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	6000	usd
CY2022	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	1000	usd
CY2022	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	91500	usd
CY2022	ludg	Stock Issued For Services Related Party StockIssuedForServicesRelatedParty	5200	usd
CY2022	ludg	Stock Issued For Asset Purchase StockIssuedForAssetPurchase	18000	usd
CY2022	ludg	Debt Discount Beneficial Conversion Feature DebtDiscountBeneficialConversionFeature	75000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-965150	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	-826167	usd
CY2023	ludg	Stock Issued For License Fee StockIssuedForLicenseFee	370000	usd
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CY2022	us-gaap	Proceeds From Issuance Of Convertible Preferred Stock ProceedsFromIssuanceOfConvertiblePreferredStock	830000	usd
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CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	836000	usd
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CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	391195	usd
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CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	108335	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	516195	usd
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CY2022	ludg	Cancellation Of Common Stock1 CancellationOfCommonStock1	100	usd
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CY2022	ludg	Original Issuance Debt Discount OriginalIssuanceDebtDiscount	552857	usd
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CY2022	ludg	Reclassification From Convertible Notes To Notes Payable ReclassificationFromConvertibleNotesToNotesPayable	507136	usd
CY2023	ludg	Stock Repurchased And Returnable In Exchange For Note Payable Related Party StockRepurchasedAndReturnableInExchangeForNotePayableRelatedParty	122873	usd
CY2023	ludg	Net Loss NetLoss	2456550	usd
CY2023	ludg	Net Cash Used In Operations NetCashUsedInOperations	647860	usd
CY2023Q4	us-gaap	Retained Earnings Appropriated RetainedEarningsAppropriated	4242482	usd
CY2023Q4	ludg	Working Capital Deficit WorkingCapitalDeficit	1461565	usd
CY2023Q4	us-gaap	Cash Cash	108335	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_843_eus-gaap--UseOfEstimates_z8kNdF11WsM9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86D_zxu7HXTxNL4">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Preparing 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 the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates, and those estimates may be material.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and other assumptions, which include both quantitative and qualitative assessments that it believes to be reasonable under the circumstances.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Significant estimates during the years ended December 31, 2023 and 2022 include valuation of stock-based compensation, uncertain tax positions, and the valuation allowance on deferred tax assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	0	usd
CY2022Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	256583	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	436398	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	113245	usd
CY2023	us-gaap	Advertising Expense AdvertisingExpense	135576	usd
CY2022	us-gaap	Advertising Expense AdvertisingExpense	79931	usd
CY2023	us-gaap	Payments For Repurchase Of Convertible Preferred Stock PaymentsForRepurchaseOfConvertiblePreferredStock	700000000	usd
CY2022	us-gaap	Payments For Repurchase Of Convertible Preferred Stock PaymentsForRepurchaseOfConvertiblePreferredStock	700000000	usd
CY2023	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_840_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z4fTxIEtPQad" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_866_z3bYObiHDoM7">New Accounting Standard Adopted</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2020, FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity; Own Equity (“ASU 2020-06”), as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. Among other changes, the new guidance removes from GAAP separation models for convertible debt that require the convertible debt to be separated into a debt and equity component, unless the conversion feature is required to be bifurcated and accounted for as a derivative or the debt is issued at a substantial premium. As a result, after adopting the guidance,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">entities will no longer separately present such embedded conversion features in equity and will instead account for the convertible debt wholly as debt. The new guidance also requires use of the “if-converted” method when calculating the dilutive impact of convertible debt on earnings per share, which is consistent with the Company’s current accounting treatment under the current guidance. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years, with early adoption permitted, but only at the beginning of the fiscal year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This guidance will be adopted on January 1, 2024. The Company is evaluating the impact that the adoption of ASU 2020-06 might have on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2022, the Financial Accounting Standards Board (the “FASB”) issued ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”), which eliminates the accounting guidance on troubled debt restructurings (“TDRs”) for creditors in ASC 310, Receivables (Topic 310), and requires entities to provide disclosures about current period gross write-offs by year of origination. Also, ASU 2022-02 updates the requirements related to accounting for credit losses under ASC 326, Financial Instruments – Credit Losses (Topic 326), and adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. ASU 2022-02 was effective for the Company January 1, 2023. The adoption of ASU 2022-02 did not have a material impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This guidance was adopted on January 1, 2023. The adoption of ASU 2022-02 did not have a material impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2021Q4	us-gaap	Notes Payable NotesPayable	135955	usd
CY2022	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	150000	usd
CY2022	ludg	Original Issue Debt Discount OriginalIssueDebtDiscount	-75000	usd
CY2022	ludg	Amortization Of Debt Discount Premium1 AmortizationOfDebtDiscountPremium1	296181	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	507136	usd
CY2023	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	122873	usd
CY2022	ludg	Reclassifications Amount Net ReclassificationsAmountNet	640000	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	1270009	usd
CY2023Q4	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	1270009	usd
CY2022Q4	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	507136	usd
CY2022	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1307857	usd
CY2022	ludg	Original Issue Debt Discount Convertible Notes Payable OriginalIssueDebtDiscountConvertibleNotesPayable	-552857	usd
CY2022	ludg	Debt Discount Beneficial Conversion Feature Note1 DebtDiscountBeneficialConversionFeatureNote1	-75000	usd
CY2022	ludg	Convertible Notes Payable Note Discount ConvertibleNotesPayableNoteDiscount	138871	usd
CY2022	ludg	Conversion Of Accrued Interest Into Convertible Notes Payable One ConversionOfAccruedInterestIntoConvertibleNotesPayableOne	9473	usd
CY2022Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	828344	usd
CY2023	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	305000	usd
CY2023	ludg	Debt Discount Beneficial Conversion Feature Note DebtDiscountBeneficialConversionFeatureNote	-640000	usd
CY2023	ludg	Convertible Notes Payable Note Discount ConvertibleNotesPayableNoteDiscount	-65000	usd
CY2023	ludg	Amortization Of Debt Discount1 AmortizationOfDebtDiscount1	469514	usd
CY2023	ludg	Conversion Of Debt Into Common Stock One ConversionOfDebtIntoCommonStockOne	-797858	usd
CY2023Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	100000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	100000	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	1232857	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	404513	usd
CY2023Q4	ludg	Convertible Notes Payable Net ConvertibleNotesPayableNet	100000	usd
CY2022Q4	ludg	Convertible Notes Payable Net ConvertibleNotesPayableNet	828344	usd
CY2023Q4	ludg	Fair Value Of Common Stock On Conversion Date FairValueOfCommonStockOnConversionDate	445714	usd
CY2023Q4	ludg	Fair Value Of Debt Subject To Inducement FairValueOfDebtSubjectToInducement	342857	usd
CY2023Q4	ludg	Inducement Debt Expense InducementDebtExpense	102857	usd
CY2023	ludg	Debtprior To Modification DebtpriorToModification	151611	usd
CY2023	ludg	Debtafter Modification DebtafterModification	107136	usd
CY2023	ludg	Gain On Debt Extinguishment GainOnDebtExtinguishment	44475	usd
CY2023	ludg	Monthly Payment MonthlyPayment	3750	usd
CY2023	ludg	Accrued Monthly AccruedMonthly	5000	usd
CY2023	ludg	Monthly Payment Second MonthlyPaymentSecond	5000	usd
CY2023	ludg	Second Accrued Monthly SecondAccruedMonthly	3750	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-177000	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-194000	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-37000	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-43000	usd
CY2022	us-gaap	Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability	-11000	usd
CY2023	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	-214000	usd
CY2022	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	-248000	usd
CY2023	ludg	Change In Valuation Allowance ChangeInValuationAllowance	214000	usd
CY2022	ludg	Change In Valuation Allowance ChangeInValuationAllowance	248000	usd
CY2023Q4	ludg	Debt Instrument Unamortized Discount1 DebtInstrumentUnamortizedDiscount1	119000	usd
CY2022Q4	ludg	Debt Instrument Unamortized Discount1 DebtInstrumentUnamortizedDiscount1	87000	usd
CY2023Q4	ludg	Share Based Payments ShareBasedPayments	-290000	usd
CY2022Q4	ludg	Share Based Payments ShareBasedPayments	-28000	usd
CY2023Q4	us-gaap	Deferred Tax Asset Interest Carryforward DeferredTaxAssetInterestCarryforward	366000	usd
CY2022Q4	us-gaap	Deferred Tax Asset Interest Carryforward DeferredTaxAssetInterestCarryforward	294000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	775000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	409000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	775000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	409000	usd

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FilingSummary.xml	Edgar Link	unprocessable

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