2023 Form 10-K Financial Statement
#000149315224014827 Filed on April 16, 2024
Income Statement
Concept | 2023 | 2022 |
---|---|---|
Revenue | $3.400K | $1.000K |
YoY Change | 240.0% | |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | $1.000K | |
YoY Change | ||
Gross Profit Margin | 100.0% | |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $1.983M | $67.44K |
YoY Change | 2840.06% | |
Operating Profit | -$1.979M | -$66.44K |
YoY Change | 2879.19% | |
Interest Expense | $10.73K | $67.44K |
YoY Change | -84.1% | 278.1% |
% of Operating Profit | ||
Other Income/Expense, Net | -$10.73K | |
YoY Change | ||
Pretax Income | -$1.990M | $66.44K |
YoY Change | -3095.34% | 272.5% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$1.990M | $66.44K |
YoY Change | -3095.34% | 272.5% |
Net Earnings / Revenue | -58534.18% | 6644.2% |
Basic Earnings Per Share | -$0.01 | -$0.01 |
Diluted Earnings Per Share | -$0.01 | -$0.01 |
COMMON SHARES | ||
Basic Shares Outstanding | 280.9M shares | 5.092M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 | 2022 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | ||
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
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 | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | ||
YoY Change | ||
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 | ||
YoY Change | ||
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 | ||
Total Long-Term Liabilities | ||
Total Liabilities | ||
YoY Change | ||
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | ||
YoY Change | ||
Total Liabilities & Shareholders Equity | ||
YoY Change |
Cashflow Statement
Concept | 2023 | 2022 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.990M | $66.44K |
YoY Change | -3095.34% | 272.5% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$1.611M | $13.01K |
YoY Change | -12484.77% | -63.02% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | $21.37K | |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $1.235M | $0.00 |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $1.659M | $34.38K |
YoY Change | 4726.47% | 43.35% |
NET CHANGE | ||
Cash From Operating Activities | -$1.611M | $13.01K |
Cash From Investing Activities | $21.37K | |
Cash From Financing Activities | $1.659M | $34.38K |
Net Change In Cash | $48.08K | $68.76K |
YoY Change | -30.07% | 16.22% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.611M | $13.01K |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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2023-11-30 | |
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Heaton & Company, PLLC | |
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Contribution From Settlement Of Related Party Liabilities
ContributionFromSettlementOfRelatedPartyLiabilities
|
146593 | usd |
CY2023 | MTWO |
Original Issuance Discount On Convertible Note
OriginalIssuanceDiscountOnConvertibleNote
|
20000 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
90600 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_841_eus-gaap--UseOfEstimates_z8FRDHcb8FYh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zzHnlYs4w5Mh">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles 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 date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
26000 | usd |
CY2023Q4 | MTWO |
Deferred Tax Assets Permanent Differences Operating Loss Carryforwards
DeferredTaxAssetsPermanentDifferencesOperatingLossCarryforwards
|
-1000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
443000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
26000 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
417000 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
14000 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
94952 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | MTWO |
Effective Income Tax Rate Reconciliation At Temporary Differences Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtTemporaryDifferencesIncomeTaxRate
|
0 | pure |
CY2022 | MTWO |
Effective Income Tax Rate Reconciliation At Temporary Differences Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtTemporaryDifferencesIncomeTaxRate
|
0 | pure |
CY2023 | MTWO |
Effective Income Tax Rate Reconciliation At Permanent Differences Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtPermanentDifferencesIncomeTaxRate
|
0 | pure |
CY2022 | MTWO |
Effective Income Tax Rate Reconciliation At Permanent Differences Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtPermanentDifferencesIncomeTaxRate
|
0 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
444000 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
2108000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
|
0.10 | pure |
CY2023Q4 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
250000 | usd |
CY2023Q4 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
20000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.50 | |
CY2023Q4 | us-gaap |
Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
|
0.66 | pure |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
1000100000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
1 vote per share. | |
CY2022 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
90600 | shares |