2023 Q2 Form 10-Q Financial Statement

#000149315223017299 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $184.7K $129.0K
YoY Change 198.89%
Cost Of Revenue $49.61K $39.28K
YoY Change 349.78%
Gross Profit $135.1K $89.70K
YoY Change 166.1%
Gross Profit Margin 73.15% 69.55%
Selling, General & Admin $3.875M $1.370M $2.567M
YoY Change 26.2% -46.62% 13.82%
% of Gross Profit 2867.92% 1527.4%
Research & Development $691.4K $606.0K $1.218M
YoY Change -49.59% -50.26%
% of Gross Profit 511.66% 675.59%
Depreciation & Amortization $210.3K $210.3K $210.4K
YoY Change -0.03% -0.01% -49.5%
% of Gross Profit 155.62% 234.49%
Operating Expenses $4.939M $2.223M $3.995M
YoY Change 5.91% -44.37% 77.18%
Operating Profit -$4.804M -$2.133M -$3.995M
YoY Change 4.39% -46.62% 80.63%
Interest Expense -$13.42M -$1.698M -$299.5K
YoY Change 2431.76% 466.77%
% of Operating Profit
Other Income/Expense, Net -$15.77M -$421.7K -$1.830M
YoY Change 579.19% -76.96%
Pretax Income -$20.58M -$2.555M -$6.125M
YoY Change 197.18% -58.29% 176.91%
Income Tax
% Of Pretax Income
Net Earnings -$20.58M -$2.555M -$6.125M
YoY Change 197.18% -58.29% 176.91%
Net Earnings / Revenue -11138.09% -1980.7%
Basic Earnings Per Share -$0.48 -$0.06 -$0.15
Diluted Earnings Per Share -$0.48 -$0.06 -$150.8K
COMMON SHARES
Basic Shares Outstanding 43.42M shares 40.77M shares 40.63M shares
Diluted Shares Outstanding 43.19M shares 40.76M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $205.2K $329.8K $3.173M
YoY Change -89.96% -89.61% 280.01%
Cash & Equivalents $205.2K $329.8K $3.173M
Short-Term Investments
Other Short-Term Assets $606.4K $1.259M $469.9K
YoY Change 157.6% 167.97% 644.71%
Inventory $139.7K $176.5K $15.54K
Prepaid Expenses $606.3K $1.259M
Receivables $72.98K $78.17K $8.650K
Other Receivables $34.30K $35.23K $20.81K
Total Short-Term Assets $1.059M $1.879M $3.688M
YoY Change -59.51% -49.05% 276.9%
LONG-TERM ASSETS
Property, Plant & Equipment $12.50K $12.50K $1.111M
YoY Change -1.43% -98.87% -11.98%
Goodwill $7.191M $7.191M
YoY Change 0.0%
Intangibles $27.46M
YoY Change
Long-Term Investments
YoY Change
Other Assets $170.8K $332.9K $369.1K
YoY Change -53.71% -9.8% -0.51%
Total Long-Term Assets $35.92M $36.39M $61.33M
YoY Change -41.76% -40.66% 40.79%
TOTAL ASSETS
Total Short-Term Assets $1.059M $1.879M $3.688M
Total Long-Term Assets $35.92M $36.39M $61.33M
Total Assets $36.98M $38.27M $65.01M
YoY Change -42.49% -41.14% 45.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.038M $1.873M $822.6K
YoY Change 230.29% 127.71% 84.82%
Accrued Expenses $428.8K $426.1K $277.1K
YoY Change 2.5% 53.76% -8.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $284.9K
YoY Change -100.0% -100.0%
Long-Term Debt Due $12.75M $5.639M
YoY Change 5181.86%
Total Short-Term Liabilities $20.82M $8.027M $1.656M
YoY Change 1287.72% 384.72% 121.04%
LONG-TERM LIABILITIES
Long-Term Debt $307.4K $792.2K $318.1K
YoY Change -63.53% 149.08%
Other Long-Term Liabilities $8.583M $14.22M $17.79M
YoY Change -58.35% -20.05% 1718.28%
Total Long-Term Liabilities $8.890M $15.01M $18.10M
YoY Change -58.56% -17.08% 1750.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.82M $8.027M $1.656M
Total Long-Term Liabilities $8.890M $15.01M $18.10M
Total Liabilities $29.71M $23.04M $19.76M
YoY Change 29.46% 16.59% 1043.93%
SHAREHOLDERS EQUITY
Retained Earnings -$109.1M -$88.54M
YoY Change 79.26%
Common Stock $45.37K $40.77K
YoY Change 11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.270M $15.23M $45.25M
YoY Change
Total Liabilities & Shareholders Equity $36.98M $38.27M $65.01M
YoY Change -42.49% -41.14% 45.97%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$20.58M -$2.555M -$6.125M
YoY Change 197.18% -58.29% 176.91%
Depreciation, Depletion And Amortization $210.3K $210.3K $210.4K
YoY Change -0.03% -0.01% -49.5%
Cash From Operating Activities -$1.198M -$1.120M -$4.314M
YoY Change -56.31% -74.03% 108.89%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
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 1.073M $939.1K 3.414M
YoY Change -33.5% -72.5%
NET CHANGE
Cash From Operating Activities -1.198M -$1.120M -4.314M
Cash From Investing Activities
Cash From Financing Activities 1.073M $939.1K 3.414M
Net Change In Cash -124.6K -$181.1K $0.00
YoY Change -88.96%
FREE CASH FLOW
Cash From Operating Activities -$1.198M -$1.120M -$4.314M
Capital Expenditures $0.00
Free Cash Flow -$4.314M
YoY Change 109.18%

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CY2023Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022Q1 us-gaap Depreciation Depletion And Amortization
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CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023Q1 MRZM Interest And Accretion Expenses
InterestAndAccretionExpenses
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CY2022Q1 MRZM Interest And Accretion Expenses
InterestAndAccretionExpenses
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CY2022Q1 MRZM Issuance Of Warrants For Services
IssuanceOfWarrantsForServices
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CY2023Q1 MRZM Gain Loss On Fair Value Of Contingent Liabilities
GainLossOnFairValueOfContingentLiabilities
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CY2022Q1 MRZM Gain Loss On Fair Value Of Contingent Liabilities
GainLossOnFairValueOfContingentLiabilities
-1830000 usd
CY2023Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
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CY2023Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
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CY2022Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
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CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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CY2022Q1 us-gaap Increase Decrease In Due To Related Parties
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1120156 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q1 MRZM Proceeds From Financing Net Of Issuance Cost
ProceedsFromFinancingNetOfIssuanceCost
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CY2022Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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CY2023Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q1 MRZM Derivative Liabilities And Debt Discount Issued In Connection With Convertible Notes
DerivativeLiabilitiesAndDebtDiscountIssuedInConnectionWithConvertibleNotes
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CY2022Q1 MRZM Warrants And Debt Discount Issued In Connection With Convertible Notes
WarrantsAndDebtDiscountIssuedInConnectionWithConvertibleNotes
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CY2022Q1 MRZM Settlement Of Notes Payable With Convertible Notes
SettlementOfNotesPayableWithConvertibleNotes
326083 usd
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
CY2023Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2007-03-20
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-88544017 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85989433 usd
CY2023Q1 MRZM Working Capital
WorkingCapital
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CY2022Q4 MRZM Working Capital
WorkingCapital
966464 usd
CY2023Q1 us-gaap Cash
Cash
329805 usd
CY2022Q4 us-gaap Cash
Cash
510865 usd
CY2023Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
549795 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
387412 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zwj1eWsrbfR6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zdcgZWHbabll">Use of Estimates</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make use of certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Significant estimates are related to the recoverability of long-term assets including intangible assets and goodwill, amortization expense, valuation of warrants, stock-based compensation, derivative liabilities and contingent liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 MRZM Midrange Average Estimated Interest Rate
MidrangeAverageEstimatedInterestRate
0.206 pure
CY2023Q1 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
667000 usd
CY2023Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
4735000 usd
CY2022 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
5402000 usd
CY2020Q4 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
five-and-a-half-year lease agreement
CY2020Q4 us-gaap Area Of Land
AreaOfLand
10300 sqft
CY2022Q2 us-gaap Area Of Land
AreaOfLand
3053 sqft
CY2023Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P3Y3M29D
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
154828 usd
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
110900 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1390042 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1485023 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
426142 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
423495 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
963900 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1061528 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1390042 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1485023 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
317621 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
434082 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
444934 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
266034 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1462671 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
72629 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1390042 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29142745 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1678018 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27464727 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
53492745 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1467725 usd
CY2022Q4 MRZM Finite Lived Intangible Assets Impairment
FiniteLivedIntangibleAssetsImpairment
-24350000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27675020 usd
CY2023Q1 us-gaap Goodwill
Goodwill
7190656 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
52866192 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
24350000 usd
CY2022 MRZM Accumulated Amortization Of Intangible Assets
AccumulatedAmortizationOfIntangibleAssets
841172 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27675020 usd
CY2023Q1 MRZM Accumulated Amortization Of Intangible Assets
AccumulatedAmortizationOfIntangibleAssets
210293 usd
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27464727 usd
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40768191 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40768191 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40528191 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40528191 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3650943 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.24
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y4M2D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.20
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
62502 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
1.25
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
62498 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.25
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3925943 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.33
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y21D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3925943 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.33
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M21D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3336775 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.23
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M7D
CY2022Q1 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
295750 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
210966 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
716432 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
89016 usd
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
72000 usd
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
60000 usd
CY2023Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
7405 usd
CY2023Q1 us-gaap Prepaid Royalties
PrepaidRoyalties
302908 usd
CY2022Q4 us-gaap Prepaid Royalties
PrepaidRoyalties
339091 usd
CY2019Q3 MRZM Royalties Percentage
RoyaltiesPercentage
0.10 pure

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0001493152-23-017299.txt Edgar Link pending
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ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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mrzm-20230331_cal.xml Edgar Link unprocessable
mrzm-20230331_def.xml Edgar Link unprocessable
mrzm-20230331_lab.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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