2023 Q4 Form 10-K Financial Statement
#000143774923029421 Filed on October 30, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $58.80K | $62.10K | $181.7K |
YoY Change | 13.84% | 93.1% | 19.15% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $58.82K | $62.10K | $181.7K |
YoY Change | 13.88% | 93.1% | 19.15% |
Operating Profit | -$58.82K | -$181.7K | |
YoY Change | 13.88% | 19.15% | |
Interest Expense | $2.870K | -$2.400K | $7.192K |
YoY Change | 81.07% | 88.98% | -52.79% |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.870K | $0.00 | $205.2K |
YoY Change | 2659.62% | 6274.87% | |
Pretax Income | -$61.69K | $145.9K | $23.50K |
YoY Change | 19.18% | -523.64% | -115.74% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | -$61.69K | $145.9K | $23.50K |
YoY Change | 19.19% | -523.64% | -115.74% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 89.06M | 82.76M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.100K | $6.900K | $6.900K |
YoY Change | -24.73% | -73.27% | -73.27% |
Cash & Equivalents | $2.105K | $6.900K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $2.105K | $6.900K | $6.900K |
YoY Change | -24.58% | -73.27% | -73.27% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $2.105K | $6.900K | $6.900K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $2.105K | $6.900K | $6.900K |
YoY Change | -24.58% | -73.27% | -73.27% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $92.20K | $69.90K | $69.90K |
YoY Change | 32.64% | 44.53% | -8.94% |
Accrued Expenses | $28.75K | $27.15K | $27.20K |
YoY Change | -90.64% | -91.11% | -91.09% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $171.0K | $171.0K |
YoY Change | -100.0% | 116.46% | 116.46% |
Long-Term Debt Due | $86.00K | ||
YoY Change | |||
Total Short-Term Liabilities | $206.9K | $268.0K | $268.0K |
YoY Change | -57.77% | -41.88% | -41.89% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $85.00K | ||
YoY Change | |||
Total Long-Term Liabilities | $85.00K | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $206.9K | $268.0K | $268.0K |
Total Long-Term Liabilities | $85.00K | $0.00 | $0.00 |
Total Liabilities | $291.9K | $268.0K | $268.0K |
YoY Change | -40.42% | -41.88% | -41.89% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$3.430M | -$3.368M | |
YoY Change | -0.39% | -0.69% | |
Common Stock | $89.06K | $89.06K | |
YoY Change | 7.94% | 7.94% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$289.8K | -$261.1K | -$261.1K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.105K | $6.900K | $6.900K |
YoY Change | -24.58% | -73.27% | -73.27% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$61.69K | $145.9K | $23.50K |
YoY Change | 19.19% | -523.64% | -115.74% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$37.80K | -$36.40K | -$145.9K |
YoY Change | 64.17% | 9.77% | -11.94% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $85.00K | ||
YoY Change | -57.62% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $33.00K | 37.00K | $127.0K |
YoY Change | 5.71% | -33.35% | |
NET CHANGE | |||
Cash From Operating Activities | -$37.80K | -36.40K | -$145.9K |
Cash From Investing Activities | $0.00 | 0.000 | $0.00 |
Cash From Financing Activities | $33.00K | 37.00K | $127.0K |
Net Change In Cash | -$4.795K | 600.0 | -$18.91K |
YoY Change | -79.17% | -67.39% | -176.12% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$37.80K | -$36.40K | -$145.9K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022 | us-gaap |
Interest Expense
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15235 | usd |
CY2022Q3 | nmex |
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CY2023 | dei |
Document Fiscal Period Focus
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FY | |
CY2023 | dei |
Document Fiscal Year Focus
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2023 | |
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Current Fiscal Year End Date
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--07-31 | |
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Preferred Stock Shares Issued
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0 | |
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Entity Well Known Seasoned Issuer
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No | |
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Entity Voluntary Filers
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No | |
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Entity Common Stock Shares Outstanding
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Auditor Name
AuditorName
|
Haynie & Company | |
CY2023 | dei |
Auditor Location
AuditorLocation
|
Salt Lake City, Utah | |
CY2023 | dei |
Auditor Firm
AuditorFirmId
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457 | |
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Cash
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6900 | usd |
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Assets Current
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Assets
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6900 | usd |
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Liabilities
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268016 | usd |
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Liabilities
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461177 | usd |
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Commitments And Contingencies
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0.001 | |
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Preferred Stock Shares Authorized
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50000000 | |
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50000000 | |
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Preferred Stock Value
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Common Stock To Be Issued
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Related Party Consulting Expenses
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Director Services Expenses
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Interest Expense
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Other Income
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Other Income
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Loss On Conversion Of Debt
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Other Nonoperating Income Expense
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23498 | usd |
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Income Tax Expense Benefit
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Income Tax Expense Benefit
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Net Income Loss
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Net Income Loss
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Earnings Per Share Basic
EarningsPerShareBasic
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Earnings Per Share Basic
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-0.00 | |
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Stockholders Equity
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Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Financing Activities
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Interest Paid Net
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Use Of Estimates
UseOfEstimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i><span style="text-decoration: underline; ">Use of estimates</span></i></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</p> | |
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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|
0.21 | pure |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
0 | |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
1911330 | |
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Retained Earnings Accumulated Deficit
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|
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CY2022 | us-gaap |
Repayments Of Unsecured Debt
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15000 | usd |
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Unsecured Debt
UnsecuredDebt
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7000 | usd |
CY2022Q3 | us-gaap |
Unsecured Debt
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11000 | usd |
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Sale Of Stock Number Of Shares Issued In Transaction
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|
4333334 | |
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Proceeds From Sale Of Treasury Stock
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|
85000 | usd |
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Common Stock Shares Not Issued
CommonStockSharesNotIssued
|
333334 | |
CY2023Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
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|
450000 | |
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Shares Issued Price Per Share
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|
0.015 | |
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Stock Issued During Period Value Issued For Services
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6750 | usd |
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Common Stock Number Of Shares Retuned To The Company
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|
4750000 | |
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Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
4900 | usd |
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Current Federal Tax Expense Benefit
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|
31300 | usd |
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Other Tax Expense Benefit
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|
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CY2021 | us-gaap |
Other Tax Expense Benefit
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|
3400 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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CY2021 | us-gaap |
Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
|
-34700 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
148800 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
108200 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
148800 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
108200 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
572000 | usd |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |