2024 Q4 Form 10-Q Financial Statement

#000165495424014482 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $135.9K $183.7K
YoY Change -26.04% -97.36%
Cost Of Revenue $0.00 $251.9K
YoY Change -100.0% -94.73%
Gross Profit $135.9K -$68.17K
YoY Change -299.34% -103.11%
Gross Profit Margin 100.0% -37.1%
Selling, General & Admin $5.379M $1.620M
YoY Change 232.11% -56.43%
% of Gross Profit 3958.14%
Research & Development $14.98K $84.87K
YoY Change -82.35% -81.85%
% of Gross Profit 11.02%
Depreciation & Amortization $6.367K $320.0K
YoY Change -98.01% -66.52%
% of Gross Profit 4.69%
Operating Expenses $5.629M $2.026M
YoY Change 177.8% -73.37%
Operating Profit -$5.493M -$2.095M
YoY Change 162.27% -61.34%
Interest Expense $104.9K $622.9K
YoY Change -83.15% 198.96%
% of Operating Profit
Other Income/Expense, Net -$7.817M $787.3K
YoY Change -1092.82% -476.78%
Pretax Income -$13.31M -$1.307M
YoY Change 918.2% -76.77%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$13.31M -$1.031M
YoY Change 1191.38% -81.68%
Net Earnings / Revenue -9794.99% -561.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.75
COMMON SHARES
Basic Shares Outstanding 13.03M shares 3.310M shares 17.79M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K
YoY Change 3412.88%
Cash & Equivalents $2.224M $296.3K
Short-Term Investments
Other Short-Term Assets $2.250M
YoY Change 459.65%
Inventory
Prepaid Expenses $6.498K $60.98K
Receivables $39.48K $71.62K
Other Receivables $50.00K
Total Short-Term Assets $2.552M $2.667M
YoY Change -4.3% -45.98%
LONG-TERM ASSETS
Property, Plant & Equipment $14.96K $42.57K
YoY Change -64.86% -38.69%
Goodwill $7.101M $7.101M
YoY Change 0.0% 0.0%
Intangibles $1.581M $1.623M
YoY Change -2.6% -75.56%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $8.697M $8.767M
YoY Change -0.8% -36.53%
TOTAL ASSETS
Total Short-Term Assets $2.552M $2.667M
Total Long-Term Assets $8.697M $8.767M
Total Assets $11.25M $11.43M
YoY Change -1.61% -39.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.261M $1.338M
YoY Change -5.78% -15.17%
Accrued Expenses $784.7K $843.7K
YoY Change -6.99% -36.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $4.740M
YoY Change 10.21%
Total Short-Term Liabilities $4.417M $9.555M
YoY Change -53.77% 5.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.417M $9.555M
Total Long-Term Liabilities $0.00
Total Liabilities $4.417M $9.555M
YoY Change -53.77% 3.15%
SHAREHOLDERS EQUITY
Retained Earnings -$91.52M -$75.09M
YoY Change 21.89% 20.11%
Common Stock $1.218K $143.00
YoY Change 751.75% -90.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.832M $1.879M
YoY Change
Total Liabilities & Shareholders Equity $11.25M $11.43M
YoY Change -1.61% -39.02%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$13.31M -$1.031M
YoY Change 1191.38% -81.68%
Depreciation, Depletion And Amortization $6.367K $320.0K
YoY Change -98.01% -66.52%
Cash From Operating Activities -$160.0K
YoY Change -94.53%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
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 10.00K
YoY Change -99.46%
NET CHANGE
Cash From Operating Activities -160.0K
Cash From Investing Activities 0.000
Cash From Financing Activities 10.00K
Net Change In Cash -150.0K
YoY Change -91.2%
FREE CASH FLOW
Cash From Operating Activities -$160.0K
Capital Expenditures $0.00
Free Cash Flow -$160.0K
YoY Change -95.57%

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nixx Discontinued Operationspolicytextblock
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">See Note 6, Discontinued Operations, for a discussion of the Company’s significant accounting policy surrounding the sale of substantially all of the Company’s staffing and consulting services revenue line in connection with the sale of its right, title, and exclusive interest in certain client contracts and associated staff, contractors, business information, and relationships to Insigma and Akvarr.</p>
us-gaap Use Of Estimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“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 date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results and outcomes may differ from management’s estimates and assumptions. Included in these estimates are assumptions used to estimate collection of accounts receivable, fair value of marketable securities, fair value of warrant liabilities, fair value of intangible assets and goodwill, fair value of capitalized software, fair value of non-monetary transactions, deferred income tax asset valuation allowances, and valuation of stock-based compensation expense.</p>
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Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Concentration Risk Credit Risk
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of September 30, 2024, three customers accounted for more than 10% of the accounts receivable balance, at 81% in the aggregate. As of December 31, 2023, one customer accounted for more than 10% of the accounts receivable balance, at 93%.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">For the nine months ended September 30, 2024, two customers accounted for 10% or more of total revenue, at 43% in the aggregate. For the nine months ended September 30, 2023, no customers accounted for 10% or more of total revenue.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We use a related party firm located overseas for software development and maintenance related to our website and the platform underlying our operations. One of our former employees and principal shareholders is an employee of this firm and exerts control over this firm (see Note 11).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We were a party to a license agreement with a related party firm (see Note 11).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We had used a related party firm to provide certain employer of record services (see Note 11)</p>
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nixx Valuation Technique
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CY2023 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
503643 usd
nixx Common Stock Equivalents Excluded From The Computation Of Diluted Earnings Per Share
CommonStockEquivalentsExcludedFromTheComputationOfDilutedEarningsPerShare
956903 shares
nixx Common Stock Equivalents Excluded From The Computation Of Diluted Earnings Per Share
CommonStockEquivalentsExcludedFromTheComputationOfDilutedEarningsPerShare
1039501 shares
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13310023 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1030682 usd
CY2024Q3 us-gaap Dividends
Dividends
0 usd
CY2023Q3 us-gaap Dividends
Dividends
0 usd
CY2024Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-13310023 usd
CY2023Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1030682 usd
us-gaap Net Income Loss
NetIncomeLoss
-15103722 usd
us-gaap Net Income Loss
NetIncomeLoss
-5326724 usd
us-gaap Dividends
Dividends
0 usd
us-gaap Dividends
Dividends
503643 usd
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NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
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us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
956903 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1039501 shares
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6498 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6126 usd
CY2024Q3 us-gaap Prepaid Advertising
PrepaidAdvertising
146500 usd
CY2023Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
146500 usd
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
0 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
86413 usd
CY2024Q3 us-gaap Other Receivables
OtherReceivables
0 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
13060 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
152998 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
252099 usd
nixx Number Of Shares Of Common Stock Equal To Ftrs
NumberOfSharesOfCommonStockEqualToFtrs
500000 usd
us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
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CY2024Q3 nixx Average Per Share Market Price
AveragePerShareMarketPrice
0.0579
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
551127 usd
CY2023 us-gaap Option Indexed To Issuers Equity Shares
OptionIndexedToIssuersEquityShares
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CY2023 nixx Initial Shares Received
InitialSharesReceived
17000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2024Q3 us-gaap Other Investment Not Readily Marketable Quoted Value
OtherInvestmentNotReadilyMarketableQuotedValue
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CY2024Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
416915 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
170383 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
135612 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2023Q4 nixx Available For Sale Security Noncurrent
AvailableForSaleSecurityNoncurrent
382144 usd
CY2022Q4 nixx Available For Sale Security Noncurrent
AvailableForSaleSecurityNoncurrent
0 usd
nixx Payments To Acquire Available For Sale Security
PaymentsToAcquireAvailableForSaleSecurity
0 usd
nixx Payments To Acquire Available For Sale Security
PaymentsToAcquireAvailableForSaleSecurity
0 usd
nixx Recognized Losses
RecognizedLosses
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nixx Recognized Losses
RecognizedLosses
0 usd
CY2024Q3 nixx Available For Sale Security Noncurrent
AvailableForSaleSecurityNoncurrent
135612 usd
CY2023Q3 nixx Available For Sale Security Noncurrent
AvailableForSaleSecurityNoncurrent
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
246532 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
246532 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
0 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
6696208 usd
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
3517315 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2530325 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
582114 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11261528 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9655515 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1606013 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5139762 usd
CY2024Q3 nixx Impaired Accumulated Impairment Loss
ImpairedAccumulatedImpairmentLoss
24881 usd
CY2023Q4 nixx Impaired Accumulated Impairment Loss
ImpairedAccumulatedImpairmentLoss
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CY2024Q3 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
1581132 usd
CY2023Q4 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
1301337 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
235640 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
321963 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
822738 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
955391 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
180324 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
814130 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
524089 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
40343 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
22246 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3838425 usd
nixx Impairment Expense Amount
ImpairmentExpenseAmount
24881 usd
CY2019Q1 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
1910072 usd
CY2021Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
11600000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1000000 usd
CY2022Q4 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
1000000 usd
CY2024Q3 nixx Ftrs Share Value
FTRSShareValue
500000 usd
CY2024Q3 nixx Cash Consideration
CashConsideration
2000000 usd
nixx Issuance Of Promissory Note
IssuanceOfPromissoryNote
1111111 usd
CY2023Q3 nixx Two Promissory Notes Description
TwoPromissoryNotesDescription
The amendment extends each of the maturity dates of August 17, 2023, and August 30, 2023 respectively, by 180 days. In return, the company has agreed to give $50,000 in either stock or cash at its discretion within ninety days of signing the amendment
nixx Debt Issuance Discount
DebtIssuanceDiscount
1305556 usd
nixx Description Of Anniversary Fees
DescriptionOfAnniversaryFees
one-year anniversary of the issuance date of 1.25% of the outstanding advance balance depending on the stock price. The accrued anniversary fees are payable on the date the buyout fee becomes due and payable. The Company records an expense for the 1.25% cash fee ratably over the 12 months
CY2024Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
1198617 usd
CY2023Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
5808705 usd
CY2024Q3 us-gaap Notes Payable
NotesPayable
1198617 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
5808705 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-177072 usd
CY2024Q3 us-gaap Notes Payable Current
NotesPayableCurrent
1198617 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
5631633 usd
CY2024Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
0 usd
CY2023Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
0 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
86000 shares
CY2024Q1 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
28667 shares
CY2019Q4 nixx Due To Related Party Current
DueToRelatedPartyCurrent
6000000 usd
CY2019Q4 nixx Accrued Related To Series E And Series F Preferred Holders
AccruedRelatedToSeriesEAndSeriesFPreferredHolders
308893 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12184109 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1433903 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
481000 shares
CY2023Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
481000 usd
CY2023Q3 nixx Reverse Stock Split Description
ReverseStockSplitDescription
one-for-fifteen (1:15) reverse stock split
CY2024Q1 nixx Issuance Of Promissory Note
IssuanceOfPromissoryNote
1111111 usd
CY2024Q1 nixx Debt Issuance Discount
DebtIssuanceDiscount
1305556 usd
CY2024Q2 nixx Vested Trading Price
VestedTradingPrice
1.42
CY2024Q2 nixx Vested Aggregate Price
VestedAggregatePrice
255600 usd
nixx Shares Issued For Cash Description
SharesIssuedForCashDescription
On July 11, 2024, the Company granted a total of 37,000 fully vested shares of common stock under the 2023 Plan to consultants of the Company. The value of the fully vested shares granted was determined by the value of the stock on the quoted trading price of $1.75 and in aggregate of $64,750 and recognized as stock compensation for the three months ended September 30, 2024
CY2024Q3 nixx Grant Shares Fully Vested Common Stock To Consultants
GrantSharesFullyVestedCommonStockToConsultants
1875000 shares
CY2024Q3 nixx Vested Trading Price
VestedTradingPrice
1.89
CY2024Q3 nixx Vested Aggregate Price
VestedAggregatePrice
3543750 usd
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
150000 shares
CY2024Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
89256 shares
CY2024Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
152629 usd
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
720000 shares
nixx Loss On Debt Settlement
LossOnDebtSettlement
879725 usd
CY2021Q3 nixx Stock Unit Issued
StockUnitIssued
180000 shares
CY2022Q1 nixx Stock Unit Issued
StockUnitIssued
228530 shares
CY2024Q3 nixx Minimum Number Of Common Stock Shares Issuable
MinimumNumberOfCommonStockSharesIssuable
2000000 shares
CY2024Q3 nixx Maximum Number Of Common Stock Shares Issuable
MaximumNumberOfCommonStockSharesIssuable
2500000 shares
nixx Option Granted Under Plan Description
OptionGrantedUnderPlanDescription
Any option granted under the 2024 Plan must provide for an exercise price of not less than 100% of the fair market value of the underlying shares on the date of grant and not less than $4.00 per share, but the exercise price of any ISO granted to an eligible employee owning more than 10% of our outstanding common stock must not be less than 110% of fair market value on the date of the grant. The plans further provide that with respect to ISOs the aggregate fair market value of the common stock underlying the options which are exercisable by any option holder during any calendar year cannot exceed $100,000
CY2024Q3 nixx Stock Based Compensation Expenses
StockBasedCompensationExpenses
27954 usd
CY2023Q3 nixx Stock Based Compensation Expenses
StockBasedCompensationExpenses
343951 usd
nixx Stock Based Compensation Expenses
StockBasedCompensationExpenses
100168 usd
nixx Stock Based Compensation Expenses
StockBasedCompensationExpenses
954317 usd
nixx Unrecognized Compensation Cost
UnrecognizedCompensationCost
131273 usd
CY2024Q3 nixx Non Vested Stock Options Periods Two Year
NonVestedStockOptionsPeriodsTwoYear
26053 usd
CY2024Q3 nixx Non Vested Stock Options Periods Three Year
NonVestedStockOptionsPeriodsThreeYear
89018 usd
CY2024Q3 nixx Non Vested Stock Options Periods Four Year
NonVestedStockOptionsPeriodsFourYear
14683 usd
CY2024Q3 nixx Non Vested Stock Options Periods Five Year
NonVestedStockOptionsPeriodsFiveYear
1223 usd
CY2024Q3 nixx Non Vested Stock Options Periods Thereafter
NonVestedStockOptionsPeriodsThereafter
296 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2024Q1 nixx Purchase Warrants
PurchaseWarrants
108912 shares
CY2024Q1 nixx Debt Estimate Of Cancellations
DebtEstimateOfCancellations
302175 usd
CY2024Q1 nixx Debt Estimate Of Cancellations
DebtEstimateOfCancellations
289882 usd
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
104274 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
979853 shares
CY2023Q4 nixx Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding Weighted Average Exercise Price Beginning Balance
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsOutstandingWeightedAverageExercisePriceBeginningBalance
2.37
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
292000 shares
nixx Share Based Compensation Arrangement By Share Based Payment Award Warrants Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsGrantsInPeriodWeightedAverageExercisePrice
0.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
213186 shares
nixx Share Based Compensation Arrangement By Share Based Payment Award Warrants Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsExercisesInPeriodWeightedAverageExercisePrice
0.19
nixx Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsCancelled
-147608 shares
nixx Share Based Compensation Arrangement By Share Based Payment Award Warrants Exercises In Period Weighted Average Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsExercisesInPeriodWeightedAverageCancelled
0.00
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
911059 shares
CY2024Q3 nixx Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsOutstandingWeightedAverageExercisePrice
1.97
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y8M12D
nixx Schedule Of Fair Value Of Warrants Granted Table Textblock
ScheduleOfFairValueOfWarrantsGrantedTableTextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>September 30, 2024</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Risk-free interest rates</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4.28</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Expected life (in years)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3.00</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Expected volatility</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">194.4</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dividend yield</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.00</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr></tbody></table>
us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.0428 pure
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P3Y
nixx Expected Volatility
ExpectedVolatility
1.944 pure
nixx Dividend Yield
DividendYield
0.0000 pure
CY2021Q4 nixx Promissory Note Complainant Amount
PromissoryNoteComplainantAmount
500000 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
500000 usd
CY2023Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
266562 usd
CY2024Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
213894 usd
CY2024Q3 nixx Product Development Expenses
ProductDevelopmentExpenses
9243 usd
CY2023Q3 nixx Product Development Expenses
ProductDevelopmentExpenses
0 usd
nixx Product Development Expenses
ProductDevelopmentExpenses
28181 usd
nixx Product Development Expenses
ProductDevelopmentExpenses
27041 usd

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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable