2023 Q4 Form 10-K Financial Statement
#000149315223037175 Filed on October 13, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q2 | 2023 |
---|---|---|---|
Revenue | $30.19K | $127.1K | |
YoY Change | 27.02% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $79.08K | $313.5K | |
YoY Change | 90.41% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.730K | $10.14K | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $79.08K | $1.259M | |
YoY Change | 206.38% | ||
Operating Profit | |||
YoY Change | |||
Interest Expense | $192.9K | $97.43K | |
YoY Change | 663.51% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $559.5K | |
YoY Change | -169.52% | ||
Pretax Income | -$413.2K | -$572.9K | |
YoY Change | -48.66% | ||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$413.2K | -$572.8K | |
YoY Change | -48.66% | ||
Net Earnings / Revenue | -1368.7% | -450.75% | |
Basic Earnings Per Share | -$0.01 | ||
Diluted Earnings Per Share | -$0.01 | -$0.01 | |
COMMON SHARES | |||
Basic Shares Outstanding | 66.32M shares | 6.082M shares | 61.18M shares |
Diluted Shares Outstanding | 61.18M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q2 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $17.69K | ||
YoY Change | |||
Cash & Equivalents | $17.09K | ||
Short-Term Investments | $600.00 | ||
Other Short-Term Assets | $8.600K | ||
YoY Change | |||
Inventory | $7.788K | ||
Prepaid Expenses | $8.602K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $34.08K | ||
YoY Change | -92.95% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $66.62K | ||
YoY Change | |||
Goodwill | $0.00 | ||
YoY Change | |||
Intangibles | $41.40K | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $194.2K | ||
YoY Change | |||
Total Long-Term Assets | $302.2K | ||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $34.08K | ||
Total Long-Term Assets | $302.2K | ||
Total Assets | $336.3K | ||
YoY Change | -30.46% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $58.16K | ||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $164.1K | ||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $222.3K | ||
YoY Change | 59.56% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $107.6K | ||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $107.6K | ||
YoY Change | 743.48% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $222.3K | ||
Total Long-Term Liabilities | $107.6K | ||
Total Liabilities | $329.9K | ||
YoY Change | 136.83% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$19.62M | ||
YoY Change | 3.01% | ||
Common Stock | $6.632K | ||
YoY Change | 990.79% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.401K | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $336.3K | ||
YoY Change | -30.46% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q2 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$413.2K | -$572.8K | |
YoY Change | -48.66% | ||
Depreciation, Depletion And Amortization | $6.730K | $10.14K | |
YoY Change | |||
Cash From Operating Activities | -$33.79K | -$198.9K | |
YoY Change | 29.71% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $7.160K | $62.16K | |
YoY Change | -95.18% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$760.00 | $223.0K | |
YoY Change | |||
Cash From Investing Activities | -$7.920K | $160.8K | |
YoY Change | -112.47% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -46.00K | $20.00K | |
YoY Change | -98.65% | ||
NET CHANGE | |||
Cash From Operating Activities | -33.79K | -$198.9K | |
Cash From Investing Activities | -7.920K | $160.8K | |
Cash From Financing Activities | -46.00K | $20.00K | |
Net Change In Cash | -87.71K | -$18.07K | |
YoY Change | -151.46% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$33.79K | -$198.9K | |
Capital Expenditures | $7.160K | $62.16K | |
Free Cash Flow | -$40.95K | -$261.0K | |
YoY Change | -81.91% |
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|
-0.01 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61183783 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
61183783 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60822140 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60822140 | shares |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
344330 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
18000 | usd |
CY2023 | MVCO |
Stock Issued During Period Value For Investments
StockIssuedDuringPeriodValueForInvestments
|
240000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
7916 | usd |
CY2023 | MVCO |
Stock Issued During Period Value Issues
StockIssuedDuringPeriodValueIssues
|
9000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
-40000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-572845 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6401 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-208324 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-208324 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
1100000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
360860 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
207644 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1115850 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
344330 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
344330 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-572845 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1115850 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
597 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
10143 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
591125 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
1351074 | usd |
CY2023 | MVCO |
Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
|
546617 | usd |
CY2022 | MVCO |
Realized Gain Loss On Sales Exchange Digital Assets Held
RealizedGainLossOnSalesExchangeDigitalAssetsHeld
|
312598 | usd |
CY2023 | MVCO |
Digital Assets Received As Revenue And Other Rewards
DigitalAssetsReceivedAsRevenueAndOtherRewards
|
139562 | usd |
CY2022 | MVCO |
Digital Assets Received As Revenue And Other Rewards
DigitalAssetsReceivedAsRevenueAndOtherRewards
|
100056 | usd |
CY2023 | MVCO |
Digital Assets Paid As Expense
DigitalAssetsPaidAsExpense
|
46557 | usd |
CY2022 | MVCO |
Digital Assets Paid As Expense
DigitalAssetsPaidAsExpense
|
17751 | usd |
CY2023 | MVCO |
Noncash Interest Expense
NoncashInterestExpense
|
88422 | usd |
CY2022 | MVCO |
Noncash Interest Expense
NoncashInterestExpense
|
12761 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
55 | usd |
CY2023 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
257353 | usd |
CY2022 | MVCO |
Forgiveness Of Interest Related Party
ForgivenessOfInterestRelatedParty
|
2997 | usd |
CY2023 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-359 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2585 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-11481 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
13847 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
57482 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
4460 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-198863 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-153308 | usd |
CY2023 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
55000 | usd |
CY2022 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1289952 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
232206 | usd |
CY2023 | MVCO |
Payment To Acquire Fixed Assets
PaymentToAcquireFixedAssets
|
4664 | usd |
CY2023 | MVCO |
Payments For Website
PaymentsForWebsite
|
2499 | usd |
CY2023 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
9245 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
160798 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1289952 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
18367 | usd |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
25000 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
100000 | usd |
CY2023 | MVCO |
Proceeds From Issuance Of Convertible Notes Payable Related Party
ProceedsFromIssuanceOfConvertibleNotesPayableRelatedParty
|
50000 | usd |
CY2022 | MVCO |
Proceeds From Issuance Of Convertible Notes Payable Related Party
ProceedsFromIssuanceOfConvertibleNotesPayableRelatedParty
|
240000 | usd |
CY2022 | MVCO |
Proceeds From Issuance Of Convertible Notes Payable
ProceedsFromIssuanceOfConvertibleNotesPayable
|
20000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
20000 | usd |
CY2023 | MVCO |
Repayment Of Advances
RepaymentOfAdvances
|
35000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
1100000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
20000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1478367 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-18065 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
35107 | 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 |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
17086 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
35151 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
9010 | usd |
CY2022 | MVCO |
Purchase Of Digital Assets Held With Convertible Promissory Notes Related Party
PurchaseOfDigitalAssetsHeldWithConvertiblePromissoryNotesRelatedParty
|
100860 | usd |
CY2023 | MVCO |
Purchase Of Digital Assets Held With Other Digital Assets
PurchaseOfDigitalAssetsHeldWithOtherDigitalAssets
|
6941826 | usd |
CY2022 | MVCO |
Purchase Of Digital Assets Held With Other Digital Assets
PurchaseOfDigitalAssetsHeldWithOtherDigitalAssets
|
10244898 | usd |
CY2023 | MVCO |
Proceeds From Sale Of Digital Assets For Other Digital Assets
ProceedsFromSaleOfDigitalAssetsForOtherDigitalAssets
|
7292387 | usd |
CY2022 | MVCO |
Proceeds From Sale Of Digital Assets For Other Digital Assets
ProceedsFromSaleOfDigitalAssetsForOtherDigitalAssets
|
10244898 | usd |
CY2023 | MVCO |
Shares Issued For Website
SharesIssuedForWebsite
|
18000 | usd |
CY2023 | MVCO |
Stock Issued During Period Value For Investment
StockIssuedDuringPeriodValueForInvestment
|
240000 | usd |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
9000 | usd |
CY2023 | MVCO |
Intrinsic Value Of Embedded Beneficial Conversion Option On Convertible Note Payable
IntrinsicValueOfEmbeddedBeneficialConversionOptionOnConvertibleNotePayable
|
40000 | usd |
CY2022 | MVCO |
Intrinsic Value Of Embedded Beneficial Conversion Option On Convertible Note Payable
IntrinsicValueOfEmbeddedBeneficialConversionOptionOnConvertibleNotePayable
|
360860 | usd |
CY2023 | MVCO |
Payment For Equipment Paid With Digital Assets
PaymentForEquipmentPaidWithDigitalAssets
|
72095 | usd |
CY2023 | MVCO |
Warrants Issued In Conjunction With Promissory Note
WarrantsIssuedInConjunctionWithPromissoryNote
|
7916 | usd |
CY2023 | MVCO |
Payment For Digital Assets Of Promissory Note
PaymentForDigitalAssetsOfPromissoryNote
|
7502 | usd |
CY2022 | 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 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-572845 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-198863 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-19619047 | usd |
CY2023 | us-gaap |
Fiscal Period
FiscalPeriod
|
<p id="xdx_846_eus-gaap--FiscalPeriod_zZp2IBQxfmcj" 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><span style="text-decoration: underline"><span id="xdx_869_zgozxANBSY78">Fiscal Year-End</span></span></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 Company elected June 30 as its fiscal year-end date.</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> | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zqStLC51OkBb" 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><span style="text-decoration: underline"><span id="xdx_86B_zqgmGbwknbD9">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 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 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 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">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 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">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the consolidated 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 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">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 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">Significant matter requiring use of estimates and assumptions include, but may not be limited to, evaluation of impairment of digital assets, equipment, identifiable intangible assets and goodwill, recognition and valuation of revenue, valuation allowance for deferred tax assets and fair value used in business acquisitions..</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">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> | |
CY2023 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
257353 | usd |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
0 | usd |
CY2023 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
257353 | usd |
CY2023 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
257353 | usd |
CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
0 | usd |
CY2023 | 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 | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P36M | |
CY2023 | 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 | |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
148182 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
82815 | usd |
CY2023 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-592466 | usd |
CY2022 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-1124564 | usd |
CY2023 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.01 | |
CY2022 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
-0.02 | |
CY2023Q2 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
194229 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
434642 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
76759 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10143 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
66616 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
10143 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
41999 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
597 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
41402 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
597 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
14000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
14000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
13402 | usd |
CY2019Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
116800 | usd |
CY2021Q3 | us-gaap |
Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
|
207644 | 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
|
0.075 | |
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P3Y | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P3Y8M12D | |
CY2022Q3 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
10-for-1 forward stock split | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
0.80 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.30 | pure |
CY2023Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
287503 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
259803 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
287503 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
259803 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
287503 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
259803 | usd |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
287503 | usd |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
259803 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
287503 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
259803 | usd |
CY2023Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1369100 | usd |
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 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.16 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.05 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.05 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.16 | pure |