2023 Q3 Form 10-K Financial Statement
#000147793223005360 Filed on July 17, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 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 | $324.0K | $300.8K | $1.680M |
YoY Change | -59.69% | -0.5% | 29.87% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $9.100K | $9.090K | $36.39K |
YoY Change | 0.0% | 0.66% | 1.43% |
% of Gross Profit | |||
Operating Expenses | $333.1K | $307.9K | $1.811M |
YoY Change | -59.24% | -45.64% | -38.91% |
Operating Profit | -$333.1K | -$1.811M | |
YoY Change | -59.24% | -38.91% | |
Interest Expense | $99.14K | -$41.70K | -$234.9K |
YoY Change | -257.64% | -79.75% | -109.42% |
% of Operating Profit | |||
Other Income/Expense, Net | -$852.4K | -$168.5K | |
YoY Change | 1739.21% | -106.16% | |
Pretax Income | -$1.186M | -$299.7K | -$1.979M |
YoY Change | 37.27% | -60.69% | 765.42% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.186M | -$308.7K | -$4.523M |
YoY Change | 37.27% | -59.51% | 1877.39% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | -$0.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 4.541B shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $250.00 | $10.36K | $10.36K |
YoY Change | -96.97% | -92.43% | -92.43% |
Cash & Equivalents | $250.00 | $10.36K | |
Short-Term Investments | |||
Other Short-Term Assets | $3.000K | $24.00K | $24.00K |
YoY Change | -89.94% | -49.29% | -49.29% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $3.250K | $34.36K | $34.36K |
YoY Change | -91.47% | -81.35% | -81.35% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.069M | $1.078M | $1.078M |
YoY Change | -3.29% | -3.27% | -3.27% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | |
YoY Change | |||
Total Long-Term Assets | $1.069M | $1.078M | $1.078M |
YoY Change | -3.29% | -3.27% | -3.27% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.250K | $34.36K | $34.36K |
Total Long-Term Assets | $1.069M | $1.078M | $1.078M |
Total Assets | $1.072M | $1.112M | $1.112M |
YoY Change | -6.23% | -14.34% | -14.34% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $754.4K | $1.200M | $1.200M |
YoY Change | 13.8% | 87.5% | 87.5% |
Accrued Expenses | $1.049M | $985.8K | $985.8K |
YoY Change | 21.4% | 15.8% | 15.8% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.790M | $1.792M | $1.792M |
YoY Change | 17.44% | 20.56% | 20.56% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.025M | $3.977M | $3.977M |
YoY Change | 27.45% | 30.22% | 30.22% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.025M | $3.977M | $3.977M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $4.025M | $3.987M | $3.987M |
YoY Change | 27.45% | 30.55% | 30.13% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$73.91M | -$72.73M | |
YoY Change | 3.21% | 6.62% | |
Common Stock | $4.881M | $769.6K | |
YoY Change | 19897.37% | 3529.42% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.953M | -$2.875M | -$2.875M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.072M | $1.112M | $1.112M |
YoY Change | -6.23% | -14.34% | -14.34% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.186M | -$308.7K | -$4.523M |
YoY Change | 37.27% | -59.51% | 1877.39% |
Depreciation, Depletion And Amortization | $9.100K | $9.090K | $36.39K |
YoY Change | 0.0% | 0.66% | 1.43% |
Cash From Operating Activities | -$75.51K | -$62.15K | -$682.0K |
YoY Change | -67.68% | -86.37% | -79.96% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | $41.21K | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $65.40K | 65.00K | 555.5K |
YoY Change | -37.71% | -45.62% | -85.71% |
NET CHANGE | |||
Cash From Operating Activities | -$75.51K | -62.15K | -682.0K |
Cash From Investing Activities | $0.00 | 0.000 | 0.000 |
Cash From Financing Activities | $65.40K | 65.00K | 555.5K |
Net Change In Cash | -$10.11K | 2.850K | -126.5K |
YoY Change | -92.14% | -100.38% | -34.65% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$75.51K | -$62.15K | -$682.0K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$75.51K | -$62.15K | -$682.0K |
YoY Change | -67.68% | 84.48% | -83.29% |
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|
3010042 | usd |
CY2023 | mmex |
Gains Loss On Extinguishment Of Debt
GainsLossOnExtinguishmentOfDebt
|
66412 | usd |
CY2022 | mmex |
Gains Loss On Extinguishment Of Debt
GainsLossOnExtinguishmentOfDebt
|
243303 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
53533 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
79011 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-23333 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
9440 | usd |
CY2023 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
0 | usd |
CY2022 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
900 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
94075 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-116277 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
198488 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
80497 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
409939 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-156064 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-682004 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3402571 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
677905 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-677905 | usd |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
15000 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
352500 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | usd |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
388048 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
552500 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
233500 | usd |
CY2023 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
41209 | usd |
CY2022 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
255331 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
41209 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
3000000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
|
1500000 | usd |
CY2023 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
73 | usd |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
12000 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
555800 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
555500 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3886894 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-126504 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-193582 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
136867 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
330449 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10363 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
136867 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
3310 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
164135 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023 | mmex |
Common Stock Issued In Conversion Of Debt
CommonStockIssuedInConversionOfDebt
|
376067 | usd |
CY2022 | mmex |
Common Stock Issued In Conversion Of Debt
CommonStockIssuedInConversionOfDebt
|
154438 | usd |
CY2023 | mmex |
Common Stock Issued In Conversion Of Related Party Debt
CommonStockIssuedInConversionOfRelatedPartyDebt
|
0 | usd |
CY2022 | mmex |
Common Stock Issued In Conversion Of Related Party Debt
CommonStockIssuedInConversionOfRelatedPartyDebt
|
74989 | usd |
CY2023 | mmex |
Common Stock Issued For Accrued Expenses
CommonStockIssuedForAccruedExpenses
|
0 | usd |
CY2022 | mmex |
Common Stock Issued For Accrued Expenses
CommonStockIssuedForAccruedExpenses
|
15000 | usd |
CY2023 | mmex |
Common Stock Issued For Accrued Expenses Related Parties
CommonStockIssuedForAccruedExpensesRelatedParties
|
1006 | usd |
CY2022 | mmex |
Common Stock Issued For Accrued Expenses Related Parties
CommonStockIssuedForAccruedExpensesRelatedParties
|
40000 | usd |
CY2023 | mmex |
Preferred Stock Converted Into Common Stock
PreferredStockConvertedIntoCommonStock
|
528020 | usd |
CY2022 | mmex |
Preferred Stock Converted Into Common Stock
PreferredStockConvertedIntoCommonStock
|
0 | usd |
CY2023 | mmex |
Deemed Dividend
DeemedDividend
|
2534402 | usd |
CY2022 | mmex |
Deemed Dividend
DeemedDividend
|
0 | usd |
CY2023 | mmex |
Non Cash Exercises Of Warrants
NonCashExercisesOfWarrants
|
14343 | usd |
CY2022 | mmex |
Non Cash Exercises Of Warrants
NonCashExercisesOfWarrants
|
0 | usd |
CY2023 | mmex |
Warrants Exercises For An Accrued Liability
WarrantsExercisesForAnAccruedLiability
|
184 | usd |
CY2022 | mmex |
Warrants Exercises For An Accrued Liability
WarrantsExercisesForAnAccruedLiability
|
0 | usd |
CY2023 | mmex |
Reverse Stock Split
ReverseStockSplit
|
0 | usd |
CY2022 | mmex |
Reverse Stock Split
ReverseStockSplit
|
18 | usd |
CY2023 | mmex |
Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
|
0 | usd |
CY2022 | mmex |
Exercise Of Prefunded Warrants
ExerciseOfPrefundedWarrants
|
3580 | usd |
CY2023 | mmex |
Shares And Warrants Issued For Debt Discount
SharesAndWarrantsIssuedForDebtDiscount
|
17371 | usd |
CY2022 | mmex |
Shares And Warrants Issued For Debt Discount
SharesAndWarrantsIssuedForDebtDiscount
|
14091 | usd |
CY2023 | mmex |
Note Payable For Convertible Note Payable
NotePayableForConvertibleNotePayable
|
190249 | usd |
CY2022 | mmex |
Note Payable For Convertible Note Payable
NotePayableForConvertibleNotePayable
|
0 | usd |
CY2023 | mmex |
Related Party Accounts Payable Exchanged For Related Party Convertible Note
RelatedPartyAccountsPayableExchangedForRelatedPartyConvertibleNote
|
20000 | usd |
CY2022 | mmex |
Related Party Accounts Payable Exchanged For Related Party Convertible Note
RelatedPartyAccountsPayableExchangedForRelatedPartyConvertibleNote
|
0 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2022 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
18398 | usd |
CY2023 | us-gaap |
Insurance Commissions And Fees
InsuranceCommissionsAndFees
|
20000 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
3010042 | usd |
CY2023 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
3543 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
495000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform with the current year presentation.</p> | |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-72727305 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2865323 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10363 | usd |
CY2023Q2 | mmex |
Working Capital Deficit
WorkingCapitalDeficit
|
-3943126 | usd |
CY2023Q2 | mmex |
Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
|
465703 | usd |
CY2022Q2 | mmex |
Accounts Payables Related Parties Current
AccountsPayablesRelatedPartiesCurrent
|
76770 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
0 | usd |
CY2023Q2 | mmex |
Convertible Notes Payables
ConvertibleNotesPayables
|
20000 | usd |
CY2022Q2 | mmex |
Convertible Notes Payables
ConvertibleNotesPayables
|
0 | usd |
CY2023Q1 | us-gaap |
Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
|
20000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
|
1.10 | pure |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
175 | usd |
CY2023Q1 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
175 | usd |
CY2022 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1247877 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1258839 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
170074 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
144642 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1077803 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1114197 | usd |
CY2022 | mmex |
Conversion Of Stock Shares Of Related Party Converted1
ConversionOfStockSharesOfRelatedPartyConverted1
|
6817224 | shares |
CY2022 | mmex |
Convertible Common Stock Converted To Other Securities
ConvertibleCommonStockConvertedToOtherSecurities
|
74989 | usd |
CY2022 | mmex |
Common Stock Shares Issued Upon Conversion Of Debt Shares
CommonStockSharesIssuedUponConversionOfDebtShares
|
17754 | usd |
CY2022 | mmex |
Shares Issued For Exercise Of Prefunded Warrants
SharesIssuedForExerciseOfPrefundedWarrants
|
3580000 | shares |
CY2022 | mmex |
Warrants Issued For Debt Discount
WarrantsIssuedForDebtDiscount
|
337500 | shares |
CY2022 | mmex |
Out Of Pocket Offering Costs
OutOfPocketOfferingCosts
|
349150 | usd |
CY2023Q2 | us-gaap |
Debt Default Shortterm Debt Amount
DebtDefaultShorttermDebtAmount
|
711953 | usd |
CY2022Q2 | us-gaap |
Debt Default Shortterm Debt Amount
DebtDefaultShorttermDebtAmount
|
75001 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2022-03-11 | |
CY2021Q1 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.10 | pure |
CY2022Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
113048 | usd |
CY2023Q2 | us-gaap |
Notes Payable
NotesPayable
|
105710 | usd |
CY2022Q2 | us-gaap |
Notes Payable
NotesPayable
|
904452 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1000000 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
250000 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.10 | pure |
CY2023Q2 | mmex |
Convertible Notes Payable Currently In Default
ConvertibleNotesPayableCurrentlyInDefault
|
333840 | usd |
CY2022Q2 | mmex |
Convertible Notes Payable Currently In Default
ConvertibleNotesPayableCurrentlyInDefault
|
75000 | usd |
CY2023Q2 | mmex |
Convertible Notes Payable Discount
ConvertibleNotesPayableDiscount
|
0 | usd |
CY2022Q2 | mmex |
Convertible Notes Payable Discount
ConvertibleNotesPayableDiscount
|
0 | usd |
CY2023Q2 | mmex |
Convertible Notes Payable Currently In Default Net Of Discount
ConvertibleNotesPayableCurrentlyInDefaultNetOfDiscount
|
333840 | usd |
CY2022Q2 | mmex |
Convertible Notes Payable Currently In Default Net Of Discount
ConvertibleNotesPayableCurrentlyInDefaultNetOfDiscount
|
75000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
165000 | usd |
CY2022Q2 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
155000 | usd |
CY2022Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
10000 | usd |
CY2023Q2 | mmex |
Convertible Notes Payable Total
ConvertibleNotesPayableTotal
|
635875 | usd |
CY2022Q2 | mmex |
Convertible Notes Payable Total
ConvertibleNotesPayableTotal
|
455000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
15200 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
22903 | usd |
CY2023Q2 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
620675 | usd |
CY2022Q2 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
432097 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
710802 | shares |
CY2023 | mmex |
Gains Losses On Settlement Of Debt
GainsLossesOnSettlementOfDebt
|
16540 | usd |
CY2022Q2 | mmex |
Note Desceription
NoteDesceription
|
The Company can prepay the note with prepayment penalties ranging from 105% to 125% during the first 180 days after issuance. During the year ended April 30, 2023 the Company converted $64,950 into 137,891,070 shares of common stock based on the variable conversion prices in effect on the date of the conversions | |
CY2023Q2 | mmex |
Capital Stock Authorized
CapitalStockAuthorized
|
10001000000 | shares |
CY2022Q2 | mmex |
Capital Stock Authorized
CapitalStockAuthorized
|
201000000 | shares |
CY2023Q2 | mmex |
Common Stock Share Authorized
CommonStockShareAuthorized
|
10000000000 | shares |
CY2022Q2 | mmex |
Common Stock Share Authorized
CommonStockShareAuthorized
|
200000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023 | mmex |
Total Shares Issued Of Common Stock
TotalSharesIssuedOfCommonStock
|
748413613 | shares |
CY2023 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
202640220 | shares |
CY2023 | mmex |
Common Stock Shares Issued For Conversion Of Convertible Note Value
CommonStockSharesIssuedForConversionOfConvertibleNoteValue
|
338700 | usd |
CY2023 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
373367 | usd |
CY2023 | us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
34667 | usd |
CY2023 | mmex |
Payment Of Fee Value
PaymentOfFeeValue
|
2700 | usd |
CY2023 | mmex |
Shares Issued Prefunded Warrants
SharesIssuedPrefundedWarrants
|
1373562 | shares |
CY2023 | mmex |
Warrants To Purchase Share
WarrantsToPurchaseShare
|
686281 | shares |
CY2023 | mmex |
Convertible Common Stock Converted To Other Securities
ConvertibleCommonStockConvertedToOtherSecurities
|
41209 | usd |
CY2023 | mmex |
Out Of Pocket Offering Costs
OutOfPocketOfferingCosts
|
12000 | usd |
CY2023 | mmex |
Shares Issued For Accrued Liability Related Parties Share
SharesIssuedForAccruedLiabilityRelatedPartiesShare
|
91414 | shares |
CY2023 | mmex |
Shares Issued For Accrued Liability Related Parties Value
SharesIssuedForAccruedLiabilityRelatedPartiesValue
|
1006 | usd |
CY2023 | mmex |
Warrants Issued For Debt Discount
WarrantsIssuedForDebtDiscount
|
235109718 | shares |
CY2023Q2 | us-gaap |
Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
|
17371 | usd |
CY2023 | mmex |
Shares Issued For Exercise Of Prefunded Warrants
SharesIssuedForExerciseOfPrefundedWarrants
|
16188264 | shares |
CY2023 | mmex |
Warrants Issued For Conversion Of Series B Preferred Stock
WarrantsIssuedForConversionOfSeriesBPreferredStock
|
528020153 | shares |
CY2023 | mmex |
Conversion Of Stock Shares Of Related Party Converted1
ConversionOfStockSharesOfRelatedPartyConverted1
|
356 | shares |
CY2022 | mmex |
Total Shares Issued Of Common Stock
TotalSharesIssuedOfCommonStock
|
17953041 | shares |
CY2022 | mmex |
Share Issued During Period Shares
ShareIssuedDuringPeriodShares
|
170000 | shares |
CY2022 | mmex |
Shares Issued Prefunded Warrants
SharesIssuedPrefundedWarrants
|
3580000 | shares |
CY2022 | mmex |
Warrants To Purchase Share
WarrantsToPurchaseShare
|
2575500 | shares |
CY2022 | mmex |
Stock Issued During Period Value New Issuesfor Cash
StockIssuedDuringPeriodValueNewIssuesforCash
|
3000000 | usd |
CY2022 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
6433743 | shares |
CY2022 | mmex |
Common Stock Shares Issued For Conversion Of Convertible Note Value
CommonStockSharesIssuedForConversionOfConvertibleNoteValue
|
154438 | usd |
CY2022 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
149444 | usd |
CY2022 | us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
4490 | usd |
CY2022 | us-gaap |
Payments For Fees
PaymentsForFees
|
504 | usd |
CY2022Q2 | us-gaap |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
0.10 | |
CY2022Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.05 | |
CY2023 | mmex |
Warrant Grant
WarrantGrant
|
3000000 | shares |
CY2023 | mmex |
Warrants Issued As Stock Based Compensation
WarrantsIssuedAsStockBasedCompensation
|
495000 | usd |
CY2023 | mmex |
Warrants Modified The Terms Of Description
WarrantsModifiedTheTermsOfDescription
|
Series C and Series D warrants, from $0.10 to $0.05 | |
CY2023 | mmex |
Warrants Conjuction With Sale
WarrantsConjuctionWithSale
|
686281 | shares |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
|
686281 | shares |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.045 | |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
15000 | usd |
CY2023 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
11991 | usd |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
235109718 | shares |
CY2023Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.0000638 | |
CY2023 | mmex |
Warrants Term
WarrantsTerm
|
five-year | |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
769618295 | shares |
CY2023 | mmex |
Net Operating Loss Carryforwards
NetOperatingLossCarryforwards
|
21669158 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.50 | pure |
CY2023Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4550523 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4132196 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4550523 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4132196 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023 | mmex |
Change In Net Operating Loss Benefit
ChangeInNetOperatingLossBenefit
|
418328 | usd |
CY2022 | mmex |
Change In Net Operating Loss Benefit
ChangeInNetOperatingLossBenefit
|
714644 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-418328 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-714644 | usd |
CY2023 | mmex |
Icome Tax Expense
IcomeTaxExpense
|
0 | usd |
CY2022 | mmex |
Icome Tax Expense
IcomeTaxExpense
|
0 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
60000 | usd |
CY2023Q2 | mmex |
Waarrant Issued
WaarrantIssued
|
300000000 | shares |
CY2023 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
256708619 | shares |
CY2023 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
12950 | usd |
CY2023Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1399 | usd |
CY2023Q2 | mmex |
Accrued Fees
AccruedFees
|
540 | usd |
CY2023 | mmex |
Shares Issued For Accrued Liabilities
SharesIssuedForAccruedLiabilities
|
279120377 | shares |
CY2023 | mmex |
Shares Issued For Accrued Liabilities Amount
SharesIssuedForAccruedLiabilitiesAmount
|
17808 | usd |
CY2023 | mmex |
Share Issued For Conversion Of Preferred Stock
ShareIssuedForConversionOfPreferredStock
|
301724139 | shares |
CY2023 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
20000 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
25400 | usd |