$MVCO
Metavesco, Inc.

2022 Q4 Form 10-Q Financial Statement

#000149315223004862 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q4
Revenue $43.46K $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $52.50K $29.19K
YoY Change 79.86%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $333.5K $29.19K
YoY Change 1042.55%
Operating Profit
YoY Change
Interest Expense $24.99K
YoY Change
% of Operating Profit
Other Income/Expense, Net $183.0K
YoY Change
Pretax Income -$107.0K -$29.19K
YoY Change 266.63%
Income Tax
% Of Pretax Income
Net Earnings -$107.0K -$29.19K
YoY Change 266.62%
Net Earnings / Revenue -246.22%
Basic Earnings Per Share -$0.02 $0.00
Diluted Earnings Per Share -$0.02 -$4.799K
COMMON SHARES
Basic Shares Outstanding 6.082M shares 6.082M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $970.00 $58.48K
YoY Change -98.34%
Cash & Equivalents $972.00 $58.48K
Short-Term Investments
Other Short-Term Assets $9.890K $1.820K
YoY Change 443.41%
Inventory
Prepaid Expenses $9.886K
Receivables
Other Receivables
Total Short-Term Assets $10.86K $60.30K
YoY Change -81.99%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $422.8K
YoY Change
Total Long-Term Assets $422.8K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $10.86K $60.30K
Total Long-Term Assets $422.8K $0.00
Total Assets $433.7K $60.30K
YoY Change 619.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.51K $14.99K
YoY Change 63.51%
Accrued Expenses $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $250.2K $100.0K
YoY Change 150.24%
Long-Term Debt Due $2.990K $0.00
YoY Change
Total Short-Term Liabilities $277.7K $115.0K
YoY Change 141.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $277.7K $115.0K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $277.8K $115.0K
YoY Change 141.54%
SHAREHOLDERS EQUITY
Retained Earnings -$19.21M
YoY Change
Common Stock $608.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $155.9K -$54.69K
YoY Change
Total Liabilities & Shareholders Equity $433.7K $60.30K
YoY Change 619.18%

Cashflow Statement

Concept 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$107.0K -$29.19K
YoY Change 266.62%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$60.22K -$41.52K
YoY Change 45.04%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $55.68K
YoY Change
Cash From Investing Activities $55.68K
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 0.000 100.0K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -60.22K -41.52K
Cash From Investing Activities 55.68K
Cash From Financing Activities 0.000 100.0K
Net Change In Cash -4.540K 58.48K
YoY Change -107.76%
FREE CASH FLOW
Cash From Operating Activities -$60.22K -$41.52K
Capital Expenditures $0.00
Free Cash Flow -$60.22K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Deposit Assets
DepositAssets
usd
CY2022Q2 MVCO Shares To Be Issued
SharesToBeIssued
usd
dei Entity Central Index Key
EntityCentralIndexKey
0000924095
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Entity Small Business
EntitySmallBusiness
false
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2021Q4 us-gaap Revenues
Revenues
usd
us-gaap Revenues
Revenues
usd
CY2021Q4 us-gaap Interest Expense
InterestExpense
usd
CY2021Q4 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
CY2021Q4 MVCO Other Rewards
OtherRewards
usd
MVCO Other Rewards
OtherRewards
usd
CY2021Q4 MVCO Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
usd
MVCO Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
usd
CY2021Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
MVCO Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
usd
MVCO Digital Assets Received As Revenue And Other Rewards
DigitalAssetsReceivedAsRevenueAndOtherRewards
usd
MVCO Noncash Interest Expense
NoncashInterestExpense
usd
MVCO Forgiveness Of Interest Related Party
ForgivenessOfInterestRelatedParty
usd
MVCO Forgiveness Of Interest Related Party
ForgivenessOfInterestRelatedParty
usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
MVCO Proceeds From Notes Payable One
ProceedsFromNotesPayableOne
usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
MVCO Purchase Of Digital Assets Held With Other Digital Assets
PurchaseOfDigitalAssetsHeldWithOtherDigitalAssets
usd
MVCO Proceeds From Sale Of Digital Assets For Other Digital Assets
ProceedsFromSaleOfDigitalAssetsForOtherDigitalAssets
usd
MVCO Intrinsic Value Of Embedded Beneficial Conversion Option On Convertible Note Payable
IntrinsicValueOfEmbeddedBeneficialConversionOptionOnConvertibleNotePayable
usd
MVCO Deposit On Equipment
DepositOnEquipment
usd
MVCO Warrants Issued In Conjunction With Promissory Note
WarrantsIssuedInConjunctionWithPromissoryNote
usd
us-gaap Stock Issued1
StockIssued1
usd
MVCO Forgiveness Of Convertible Note Payable Accrued Interest And Advances Related Party
ForgivenessOfConvertibleNotePayableAccruedInterestAndAdvancesRelatedParty
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
811-08387
dei Entity Registrant Name
EntityRegistrantName
METAVESCO, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
54-1694665
dei Entity Address Address Line1
EntityAddressAddressLine1
410 Peachtree Pkwy
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 4245
dei Entity Address City Or Town
EntityAddressCityOrTown
Cumming
dei Entity Address State Or Province
EntityAddressStateOrProvince
GA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
30041
dei City Area Code
CityAreaCode
678
dei Local Phone Number
LocalPhoneNumber
341-5898
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6082214 shares
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
972 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35151 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9886 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
13847 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
10858 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
48998 usd
CY2022Q4 MVCO Digital Assets Held Net Of Impairment
DigitalAssetsHeldNetOfImpairment
350712 usd
CY2022Q2 MVCO Digital Assets Held Net Of Impairment
DigitalAssetsHeldNetOfImpairment
434642 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
72095 usd
CY2022Q4 us-gaap Assets
Assets
433665 usd
CY2022Q2 us-gaap Assets
Assets
483640 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
24507 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
26549 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
20625 usd
CY2022Q4 MVCO Promissory Notes Related Party
PromissoryNotesRelatedParty
185491 usd
CY2022Q2 MVCO Promissory Notes Related Party
PromissoryNotesRelatedParty
100000 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
2994 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
559 usd
CY2022Q4 MVCO Convertible Promissory Notes Related Party
ConvertiblePromissoryNotesRelatedParty
44128 usd
CY2022Q2 MVCO Convertible Promissory Notes Related Party
ConvertiblePromissoryNotesRelatedParty
12202 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
277745 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
139310 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6082214 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6082214 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6082214 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6082214 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
608 usd
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
608 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
19357840 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
19389924 usd
CY2022Q4 MVCO Shares To Be Issued
SharesToBeIssued
9000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19211528 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19046202 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
155920 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
344330 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
433665 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
483640 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43464 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
83894 usd
CY2022Q4 us-gaap Revenues
Revenues
43464 usd
us-gaap Revenues
Revenues
83894 usd
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52500 usd
CY2021Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29185 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
177510 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
51010 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
24991 usd
us-gaap Interest Expense
InterestExpense
48533 usd
us-gaap Interest Expense
InterestExpense
2997 usd
CY2022Q4 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
256018 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
281317 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
333509 usd
CY2021Q4 us-gaap Operating Expenses
OperatingExpenses
29185 usd
us-gaap Operating Expenses
OperatingExpenses
507360 usd
us-gaap Operating Expenses
OperatingExpenses
54007 usd
CY2022Q4 MVCO Other Rewards
OtherRewards
5158 usd
MVCO Other Rewards
OtherRewards
5158 usd
CY2022Q4 MVCO Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
177872 usd
MVCO Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
252982 usd
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
183030 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
258140 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-107015 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-29185 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Net Income Loss
NetIncomeLoss
-165326 usd
us-gaap Net Income Loss
NetIncomeLoss
-54007 usd
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6082214 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6082214 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6082214 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6082214 shares
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
262935 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-107015 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
155920 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
344330 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
7916 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9000 usd
us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
-40000 usd
us-gaap Net Income Loss
NetIncomeLoss
-165326 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
155920 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-25502 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-29185 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-54687 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-208324 usd
us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
207644 usd
us-gaap Net Income Loss
NetIncomeLoss
-54007 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-54687 usd
us-gaap Net Income Loss
NetIncomeLoss
-165326 usd
us-gaap Net Income Loss
NetIncomeLoss
-54007 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
281317 usd
MVCO Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
252982 usd
MVCO Digital Assets Received As Revenue And Other Rewards
DigitalAssetsReceivedAsRevenueAndOtherRewards
89052 usd
MVCO Digital Assets Paid As Expense
DigitalAssetsPaidAsExpense
25911 usd
MVCO Digital Assets Paid As Expense
DigitalAssetsPaidAsExpense
2997 usd
MVCO Noncash Interest Expense
NoncashInterestExpense
42393 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-10217 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1818 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23807 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7099 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-123715 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-59927 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
55000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
69536 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14536 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
18367 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
25000 usd
MVCO Proceeds From Notes Payable One
ProceedsFromNotesPayableOne
100000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
50000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
75000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
118367 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34179 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
58440 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35151 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
44 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
972 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
58484 usd
us-gaap Interest Paid Net
InterestPaidNet
6140 usd
MVCO Purchase Of Digital Assets Held With Other Digital Assets
PurchaseOfDigitalAssetsHeldWithOtherDigitalAssets
4548043 usd
MVCO Proceeds From Sale Of Digital Assets For Other Digital Assets
ProceedsFromSaleOfDigitalAssetsForOtherDigitalAssets
4682228 usd
MVCO Intrinsic Value Of Embedded Beneficial Conversion Option On Convertible Note Payable
IntrinsicValueOfEmbeddedBeneficialConversionOptionOnConvertibleNotePayable
40000 usd
MVCO Deposit On Equipment
DepositOnEquipment
72095 usd
MVCO Warrants Issued In Conjunction With Promissory Note
WarrantsIssuedInConjunctionWithPromissoryNote
7916 usd
us-gaap Stock Issued1
StockIssued1
9000 usd
MVCO Forgiveness Of Convertible Note Payable Accrued Interest And Advances Related Party
ForgivenessOfConvertibleNotePayableAccruedInterestAndAdvancesRelatedParty
207644 usd
CY2021Q3 MVCO Percentage Of Stock Issued
PercentageOfStockIssued
0.697 pure
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Net Income Loss
NetIncomeLoss
-165326 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-123715 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-19211528 usd
us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_845_eus-gaap--FiscalPeriod_zzp9Eh6URZQb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_865_zHoksXkFacjd">Fiscal Year-End</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company elected June 30 as its fiscal year-end date.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zptrdcXHu8bf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_860_z5aZCI0p1zZ1">Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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 GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience, and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
MVCO Earnings On Liquidity Pools Description
EarningsOnLiquidityPoolsDescription
The Company earns fees by providing liquidity on Uniswap V2 and Uniswap V3. The Company earns fees proportionate to the liquidity they have supplied to the exchange. The fee for each trade is set at 0.05% for stable coins, 0.3% for most pairs and 1.0% for exotic pairs. The fees earned by the Company depend on the risk characteristics of each pair of tokens selected and the price range liquidity is provided. Uniswap V2 requires users to provide liquidity over the entire price curve, whereas Uniswap V3 provides users with liquidity over a price range
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
50%
us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
Tax years that remain subject to examination by major tax jurisdictions are generally the prior three years for federal purposes, and the prior four years for state purposes; however, as a result of the Company’s operating losses, all tax years remain subject to examination by tax authorities
CY2022Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
350712 usd
CY2022Q3 us-gaap Deposit Assets
DepositAssets
72095 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
966 usd
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
20000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.75
CY2022Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P4Y2M12D
CY2022Q3 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
10-for-1 forward stock split

Files In Submission

Name View Source Status
mvco-20221231_cal.xml Edgar Link unprocessable
0001493152-23-004862-index-headers.html Edgar Link pending
0001493152-23-004862-index.html Edgar Link pending
0001493152-23-004862.txt Edgar Link pending
0001493152-23-004862-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
mvco-20221231.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
mvco-20221231_def.xml Edgar Link unprocessable
mvco-20221231_lab.xml Edgar Link unprocessable
mvco-20221231_pre.xml Edgar Link unprocessable