2023 Q2 Form 10-Q Financial Statement

#000168316823003294 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $3.858M $1.700M $107.8K
YoY Change 291.15% 1477.15%
Cost Of Revenue $12.63K $1.402M $37.78K
YoY Change -98.47% 3611.27%
Gross Profit $3.845M $297.6K $69.99K
YoY Change 2261.35% 325.18%
Gross Profit Margin 99.67% 17.51% 64.94%
Selling, General & Admin $1.496M $635.7K $570.9K
YoY Change 59.61% 11.36%
% of Gross Profit 38.9% 213.63% 815.65%
Research & Development $7.653M $134.1K $505.9K
YoY Change 7464.99% -73.49%
% of Gross Profit 199.01% 45.07% 722.86%
Depreciation & Amortization $12.43K $12.56K $12.38K
YoY Change 2.22% 1.45%
% of Gross Profit 0.32% 4.22% 17.69%
Operating Expenses $1.496M $635.7K $1.077M
YoY Change 59.61% -40.96%
Operating Profit -$7.154M -$517.3K -$1.007M
YoY Change 652.16% -48.62%
Interest Expense -$227.6K $0.00 -$21.91K
YoY Change -6894.33% -100.0%
% of Operating Profit
Other Income/Expense, Net -$227.6K $263.00 $0.00
YoY Change -6902.96%
Pretax Income -$7.382M -$517.0K -$1.030M
YoY Change 678.82% -49.8%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.382M -$517.0K -$1.030M
YoY Change 681.98% -49.8% -21747.06%
Net Earnings / Revenue -191.34% -30.42% -955.71%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$551.50
COMMON SHARES
Basic Shares Outstanding 4.554B shares 1.943B shares 1.868B shares
Diluted Shares Outstanding 3.097B shares 142.7B shares 140.3B shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $917.5K $74.95K $61.39K
YoY Change 39.52% 22.09%
Cash & Equivalents $189.9K $64.93K $61.39K
Short-Term Investments $727.6K $10.03K $86.14K
Other Short-Term Assets $10.75K $10.03K $107.1K
YoY Change -98.3% -90.64%
Inventory $0.00 $0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.178M $4.783M $168.5K
YoY Change -58.06% 2738.3%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $63.26K $82.26K
YoY Change -45.05%
Long-Term Investments
YoY Change
Other Assets $199.0K $176.3K
YoY Change
Total Long-Term Assets $262.3K $258.5K $130.4K
YoY Change 127.85% 98.21%
TOTAL ASSETS
Total Short-Term Assets $4.178M $4.783M $168.5K
Total Long-Term Assets $262.3K $258.5K $130.4K
Total Assets $4.441M $5.041M $298.9K
YoY Change -55.93% 1586.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $11.47M $5.933M $3.024M
YoY Change 210.27% 96.16%
Deferred Revenue
YoY Change
Short-Term Debt $160.0K $60.00K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.34M $7.555M $3.451M
YoY Change 219.7% 118.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $13.34M $7.555M $3.451M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $13.34M $7.555M $3.451M
YoY Change 219.7% 118.91%
SHAREHOLDERS EQUITY
Retained Earnings -$34.10M -$26.72M
YoY Change 88.09%
Common Stock $455.4K $194.3K
YoY Change 143.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.895M -$2.513M -$3.152M
YoY Change
Total Liabilities & Shareholders Equity $4.441M $5.041M $298.9K
YoY Change -55.93% 1586.46%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$7.382M -$517.0K -$1.030M
YoY Change 681.98% -49.8% -21747.06%
Depreciation, Depletion And Amortization $12.43K $12.56K $12.38K
YoY Change 2.22% 1.45%
Cash From Operating Activities -$121.0K -$112.4K -$103.7K
YoY Change 32.54% 8.42%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$1.890K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$1.890K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 244.9K $77.31K 138.8K
YoY Change 342.32% -44.3%
NET CHANGE
Cash From Operating Activities -121.0K -$112.4K -103.7K
Cash From Investing Activities 0.000 $0.00 -1.890K
Cash From Financing Activities 244.9K $77.31K 138.8K
Net Change In Cash 123.9K -$34.35K 33.22K
YoY Change -445.11% -203.4%
FREE CASH FLOW
Cash From Operating Activities -$121.0K -$112.4K -$103.7K
Capital Expenditures $0.00 $0.00 -$1.890K
Free Cash Flow -$121.0K -$112.4K -$101.8K
YoY Change 32.54% 10.43%

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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Income Taxes Paid Net
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CY2022Q1 us-gaap Income Taxes Paid Net
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CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zuLyCKA495Rc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_zAU5mcCCVrM4">Use of estimates and assumptions</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. Significant estimates in the period include the impairment loss on digital assets, valuation and useful lives of intangible assets and deferred tax valuation allowance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023Q1 BONZ Capitalize Development Costs
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CY2022Q1 BONZ Capitalize Development Costs
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2023Q1 us-gaap Revenues
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CY2022Q1 us-gaap Revenues
Revenues
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CY2023Q1 us-gaap Revenues
Revenues
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CY2022Q1 us-gaap Revenues
Revenues
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2023Q1 us-gaap Finite Lived Intangible Assets Net
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
948 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
948 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
948 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
3445 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12556 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4707875 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3057342 usd
CY2023Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
621302 usd
CY2023Q1 BONZ Amounts Due To Related Parties
AmountsDueToRelatedParties
1560643 usd
CY2022Q4 BONZ Amounts Due To Related Parties
AmountsDueToRelatedParties
1544729 usd
CY2023Q1 us-gaap Preferred Units Authorized
PreferredUnitsAuthorized
30000000 shares
CY2022Q4 us-gaap Preferred Units Authorized
PreferredUnitsAuthorized
30000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1970000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1970000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1942681876 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1942681876 shares
CY2023Q1 BONZ Common Stock Committed To Be Issued
CommonStockCommittedToBeIssued
140794298026 shares
CY2022Q4 BONZ Common Stock Committed To Be Issued
CommonStockCommittedToBeIssued
140794298026 shares
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-516995 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1029967 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1942681876 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1867681876 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142736979902 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140336398507 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2023Q1 BONZ Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
1942681876 shares
CY2022Q1 BONZ Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
1867681876 shares
CY2023Q1 BONZ Common Stock Committed But Yet To Be Issued
CommonStockCommittedButYetToBeIssued
140794298026 shares
CY2022Q1 BONZ Common Stock Committed But Yet To Be Issued
CommonStockCommittedButYetToBeIssued
138468716631 shares
CY2023Q1 BONZ Weighted Average Common Shares Outstanding Under Ifconverted Method For Basic And Diluted
WeightedAverageCommonSharesOutstandingUnderIfconvertedMethodForBasicAndDiluted
142736979902 shares
CY2022Q1 BONZ Weighted Average Common Shares Outstanding Under Ifconverted Method For Basic And Diluted
WeightedAverageCommonSharesOutstandingUnderIfconvertedMethodForBasicAndDiluted
140336398507 shares
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-516995 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-1029967 usd
CY2023Q1 us-gaap Current Federal Tax Expense Benefit
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0 usd
CY2022Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd
CY2022Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022Q1 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
392348 usd
CY2023Q1 BONZ Cumulative Net Operating Losses
CumulativeNetOperatingLosses
11588831 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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1970101 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
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2183699 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2093063 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2183699 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2093063 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2023Q1 BONZ Management Service Fee
ManagementServiceFee
0 usd
CY2022Q1 BONZ Management Service Fee
ManagementServiceFee
72500 usd
CY2022Q2 us-gaap Investments
Investments
20000000 usd
CY2023Q1 BONZ Equity Purchase From Investors
EquityPurchaseFromInvestors
19823750 usd

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