2023 Q4 Form 10-Q Financial Statement
#000121465923014918 Filed on November 14, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $68.90K | $35.15K | $22.53K |
YoY Change | -17.94% | 55.98% | |
Cost Of Revenue | $73.40K | $35.29K | $17.24K |
YoY Change | 11.79% | 104.75% | |
Gross Profit | -$4.500K | -$143.00 | $5.297K |
YoY Change | -124.59% | -102.7% | |
Gross Profit Margin | -6.53% | -0.41% | 23.51% |
Selling, General & Admin | $104.7K | $209.2K | $111.8K |
YoY Change | -55.39% | 87.15% | 53.73% |
% of Gross Profit | 2109.87% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $80.04K | $80.04K | -$12.56K |
YoY Change | 16.25% | -737.26% | -25220.0% |
% of Gross Profit | -237.12% | ||
Operating Expenses | $184.4K | $288.9K | $111.8K |
YoY Change | -21.44% | 158.47% | 53.72% |
Operating Profit | -$188.9K | -$289.0K | -$106.5K |
YoY Change | -12.73% | 171.47% | 46.43% |
Interest Expense | -$82.41K | $52.12K | -$71.08K |
YoY Change | 13.31% | -173.32% | -154.69% |
% of Operating Profit | |||
Other Income/Expense, Net | $230.00 | $269.00 | $718.00 |
YoY Change | -55.77% | -62.53% | |
Pretax Income | -$282.5K | -$367.8K | -$176.8K |
YoY Change | -2.15% | 108.0% | -12.76% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$282.5K | -$367.8K | -$176.8K |
YoY Change | -2.15% | 108.0% | -12.76% |
Net Earnings / Revenue | -410.0% | -1046.35% | -784.66% |
Basic Earnings Per Share | -$0.01 | -$0.01 | |
Diluted Earnings Per Share | -$0.02 | -$0.01 | -$8.413K |
COMMON SHARES | |||
Basic Shares Outstanding | 22.49M shares | 22.49M shares | 21.02M shares |
Diluted Shares Outstanding | 24.62M shares | 21.02M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.330K | $4.610K | $2.660K |
YoY Change | -73.81% | 73.31% | -58.37% |
Cash & Equivalents | $5.334K | $4.605K | $2.657K |
Short-Term Investments | |||
Other Short-Term Assets | $2.006K | $10.08K | $15.39K |
YoY Change | -75.17% | -34.5% | -84.61% |
Inventory | $9.193K | ||
Prepaid Expenses | $2.101K | $6.100K | $15.39K |
Receivables | $176.7K | $33.61K | $22.97K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $186.1K | $57.49K | $41.01K |
YoY Change | 80.31% | 40.18% | -61.46% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.055K | $1.398K | $2.770K |
YoY Change | -56.53% | -49.53% | 515.56% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $649.3K | $764.1K | $68.84K |
YoY Change | 70.5% | 1009.98% | 15197.56% |
TOTAL ASSETS | |||
Total Short-Term Assets | $186.1K | $57.49K | $41.01K |
Total Long-Term Assets | $649.3K | $764.1K | $68.84K |
Total Assets | $835.4K | $821.6K | $109.8K |
YoY Change | 72.59% | 647.94% | 2.81% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $279.9K | $137.7K | $25.45K |
YoY Change | 265.42% | 441.02% | -99.48% |
Accrued Expenses | $3.232M | $3.213M | $2.429M |
YoY Change | 22.89% | 32.29% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.307M | $1.138M | |
YoY Change | 14.91% | -61.74% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.058M | $4.765M | $3.692M |
YoY Change | 27.32% | 29.06% | -52.87% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.892M | $2.873M | $2.799M |
YoY Change | 2.65% | 2.63% | 334.02% |
Other Long-Term Liabilities | $0.00 | $0.00 | $2.220K |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Liabilities | $2.892M | $2.873M | $2.802M |
YoY Change | 1.5% | 2.55% | 334.36% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.058M | $4.765M | $3.692M |
Total Long-Term Liabilities | $2.892M | $2.873M | $2.802M |
Total Liabilities | $7.950M | $7.639M | $6.494M |
YoY Change | 16.53% | 17.63% | -23.42% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$141.3M | -$141.0M | -$139.1M |
YoY Change | 1.37% | 1.38% | |
Common Stock | $132.5M | $132.5M | $131.0M |
YoY Change | 0.87% | 1.12% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$7.114M | -$6.817M | -$6.384M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $835.4K | $821.6K | $109.8K |
YoY Change | 72.59% | 647.94% | 2.81% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$282.5K | -$367.8K | -$176.8K |
YoY Change | -2.15% | 108.0% | -12.76% |
Depreciation, Depletion And Amortization | $80.04K | $80.04K | -$12.56K |
YoY Change | 16.25% | -737.26% | -25220.0% |
Cash From Operating Activities | -$126.9K | -$37.90K | -$17.51K |
YoY Change | 1023.65% | 116.45% | -94.53% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
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 | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 136.5K | 40.54K | 16.18K |
YoY Change | 391.89% | 150.56% | -94.95% |
NET CHANGE | |||
Cash From Operating Activities | -126.9K | -37.90K | -17.51K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 136.5K | 40.54K | 16.18K |
Net Change In Cash | 9.640K | 2.640K | -1.330K |
YoY Change | -41.43% | -298.5% | -931.25% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$126.9K | -$37.90K | -$17.51K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$126.9K | -$37.90K | -$17.51K |
YoY Change | 1023.65% | 116.45% |
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0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22487859 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
22487859 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20749018 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20749018 | shares |
CY2023Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
22488 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
20749 | usd |
CY2023Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
132451674 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
131317155 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-141004952 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-139381092 | usd |
CY2023Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1713838 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1705434 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6816952 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6337754 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
821587 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
484019 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
35149 | usd |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
22534 | usd |
us-gaap |
Revenues
Revenues
|
377121 | usd | |
us-gaap |
Revenues
Revenues
|
22534 | usd | |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
35292 | usd |
CY2022Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
17237 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
363269 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
17237 | usd | |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
-143 | usd |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
5297 | usd |
us-gaap |
Gross Profit
GrossProfit
|
13852 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
5297 | usd | |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
209161 | usd |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
111755 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
668202 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
397146 | usd | |
CY2023Q3 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
79697 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
303298 | usd | |
nwcn |
Loss On Written Off Of Intangible Assets
LossOnWrittenOffOfIntangibleAssets
|
449473 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
24000 | usd | |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
288858 | usd |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
111755 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
1420973 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
421146 | usd | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-289001 | usd |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-106458 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1407121 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-415849 | usd | |
CY2023Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
3 | usd |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
21 | usd | |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
2 | usd | |
CY2023Q3 | nwcn |
Government Grant
GovernmentGrant
|
-266 | usd |
CY2022Q3 | nwcn |
Government Grant
GovernmentGrant
|
-718 | usd |
nwcn |
Government Grant
GovernmentGrant
|
-3464 | usd | |
nwcn |
Government Grant
GovernmentGrant
|
-2769 | usd | |
us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
11373 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
269 | usd |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
718 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
14858 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2771 | usd | |
CY2023Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
18685 | usd |
CY2022Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
17862 | usd |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
55657 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
54398 | usd | |
CY2023Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
60363 | usd |
CY2022Q3 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
53214 | usd |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
175939 | usd | |
us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
169102 | usd | |
CY2023Q3 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
79048 | usd |
CY2022Q3 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
71076 | usd |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
231596 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
223500 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-367780 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-176816 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1623859 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-636578 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-367780 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-176816 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1623859 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-636578 | usd | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
323 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-237 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
8404 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-237 | usd | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
323 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-237 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
8404 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-237 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-367457 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-177053 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1615455 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-636815 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24623959 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24623959 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21018190 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21018190 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24390446 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24390446 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21018190 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21018190 | shares | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6171255 | usd |
CY2022Q1 | nwcn |
Stockbased Compensation For Stock Granted For Intangible Assets
StockbasedCompensationForStockGrantedForIntangibleAssets
|
24000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
400000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-272841 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6020096 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-186921 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6207017 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-237 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-176816 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6384070 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6337754 | usd |
CY2023Q1 | nwcn |
Stockbased Compensation For Stock Granted For Intangible Assets
StockbasedCompensationForStockGrantedForIntangibleAssets
|
1136258 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-573 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-442347 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5644416 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
8654 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-813733 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6449495 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
323 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-367780 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6816952 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1623859 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-636578 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1029 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10392 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
145384 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
303298 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
-0 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
55657 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
54398 | usd | |
nwcn |
Loss On Written Off Of Intangible Assets
LossOnWrittenOffOfIntangibleAssets
|
449473 | usd | |
nwcn |
Stock Issued For Services
StockIssuedForServices
|
-24000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-41169 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
22966 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9193 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1994 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4443 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-193241 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-17453 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
660370 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
396654 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-171907 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-187110 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1078 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1078 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
141906 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
169405 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
141906 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
169405 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14255 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-237 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-15746 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-19020 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20351 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21677 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4605 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2657 | usd |
nwcn |
Settlement Of Shortterm Loans By Conversion To Convertible Note
SettlementOfShorttermLoansByConversionToConvertibleNote
|
2005000 | usd | |
nwcn |
Settlement Of Shortterm Loans Interest Payable By Conversion To Convertible Note
SettlementOfShorttermLoansInterestPayableByConversionToConvertibleNote
|
495000 | usd | |
nwcn |
Recognition Of Rightofuse Assets And Lease Liabilities
RecognitionOfRightofuseAssetsAndLeaseLiabilities
|
503260 | usd | |
nwcn |
Stockbased Compensation For Stock Granted For Intangible Asset
StockbasedCompensationForStockGrantedForIntangibleAsset
|
1136258 | usd | |
nwcn |
Issuance Of Shares For Intangible Assets
IssuanceOfSharesForIntangibleAssets
|
2673 | usd | |
nwcn |
Cancellation Of Shares For Intangible Assets
CancellationOfSharesForIntangibleAssets
|
-934 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_805_eus-gaap--NatureOfOperations_zWswfvoyXjde" style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 81pt; text-align: left"><b>NOTE 1.</b></td><td><b><span id="xdx_823_znTdxTQqhBp1">ORGANIZATION AND PRINCIPAL ACTIVITIES</span></b></td> </tr></table> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">Network CN Inc. was originally incorporated on September 10, 1993 in Delaware with headquarters in the Hong Kong Special Administrative Region of the People’s Republic of China (“PRC” or “China”). Since August 2006, Network CN Inc., has been principally engaged in the provision of out-of-home advertising in China through the operation of a network of roadside LED panels, mega-size LED digital video billboards and light boxes in major cities.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">Details of the Company’s principal subsidiaries and variable interest entities as of September 30, 2023, are described in Note 3 – Subsidiaries and Variable Interest Entities.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; background-color: white"><b>COVID-19 Pandemic</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; background-color: white"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">In December 2019, an outbreak of COVID-19 was identified in China and was subsequently recognized as a global pandemic by the World Health Organization (“WHO”) on March 11, 2020. Since that time, COVID-19 has spread around the world and throughout the United States, including in the regions and countries in which we operate. Federal, state and local governments in the U.S and around the world have imposed restrictions on travel and business operations and are advising or requiring individuals to limit or eliminate time outside of their homes. Temporary closures of businesses have also been ordered in certain jurisdictions, and other businesses have temporarily closed voluntarily. These actions expanded significantly in March and April of 2020 throughout the U.S. Consequently, the COVID-19 outbreak has severely restricted the level of economic activity in the U.S. and around the world.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0; background-color: white"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">The outbreak has resulted in authorities implementing numerous measures to try to contain the virus, such as quarantines and shelter in place orders. These measures may remain in place for a significant period of time and adversely affect our business, operations and financial condition as well as the business, operations and financial conditions of our business partners. The spread of the virus has also caused us to modify our business practices (including employee work locations and cancellation of physical participation in meetings) in ways that may be detrimental to our business (including working remotely and its attendant cybersecurity risks). We may take further actions as may be required by government authorities or that we determine are in the best interests of our employees. There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus or otherwise be satisfactory to government authorities.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">There has been no material adverse impact on the Company’s 2023 results of operations to date. The effect of COVID-19 and related events, those not yet known or knowable, could have a negative effect on the stock price, business prospects, financial condition, and results of operations of the Company, including as a result of quarantines, market volatility, market downturns and business closures.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">For the reasons discussed above, the Company cannot reasonably estimate with any degree of certainty the future impact COVID-19 may have on the Company’s results of operations, financial position, and liquidity. Notwithstanding any actions by national, state, and local governments to mitigate the impact of COVID-19 or by the Company to address the adverse impacts of COVID-19, there can be no assurance that any of the foregoing activities will be successful in mitigating or preventing significant adverse effects on the Company.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b>Recent development</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b>Termination of commercial agreements</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">In May 2023, the Board of Directors agreed and approved the termination of all commercial agreements with Beijing Huizhong Bona Media Advertising Co., Ltd (“Bona”) and Xingpin Shanghai Advertising Limited (“Xingpin”). The Company delivered termination notice to terminate all the commercial agreements with Bona and Xingpin and the Company will no longer able to exert control over Bona and Xingpin when the termination notices become effective.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b>Our Business in Chengdu and Tianjin</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">The Company actively developing its advertising network and explored new media project in Chengdu and Tianjin, China. The Company has established two newly subsidiaries, NCN (Chengdu) Culture Media Co., Ltd, (“NCN Chengdu”) and NCN (Tianjin) Culture Co., Ltd (“NCN Tianjin”), a wholly foreign-owned enterprise in Chengdu and Tianjin, China. The Company owns 100% of the established subsidiary companies. In January 2023, NCN Chengdu and Tianjin started its operation and acquired rights to operate advertising panels in Chengdu and Tianjin. <span style="background-color: white">On April 25, 2023, the Company agreed to issue <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20230401__20230425__srt--TitleOfIndividualAxis__custom--QiHaoMember_pdd" title="Agreed to issued shsares">933,964</span> and <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20230401__20230425__srt--TitleOfIndividualAxis__custom--YangWuQiangMember_pdd" title="Agreed to issued shsares">1,131,960</span> restricted shares of the Company’s common stock to the employee, Qi Hao and Yang Wu Qiang, respectively. On January 1, 2023, NCN Chengdu and Tianjin entered into an employment contract with Qi Hao and Yang Wu Qiang (“the employees”) under which the employees agreed to bring in the advertising rights in Chengdu and Tianjin to the Company and the Company will reward him for <span id="xdx_900_ecustom--RewardOfShares_c20230102__srt--TitleOfIndividualAxis__custom--ChengduMember_pdd" title="Reward of shares">933,964</span> and <span id="xdx_900_ecustom--RewardOfShares_c20230102__srt--TitleOfIndividualAxis__custom--TianjinMember_pdd" title="Reward of shares">1,131,960</span> shares of the Company’s common stock. On May 16, 2023, Mr. Qi Hao resigned and the Company early terminated the advertising rights fee contracts in Tianjin and <span id="xdx_901_ecustom--NumberOfSharesCancelled_c20230501__20230516__us-gaap--BusinessAcquisitionAxis__custom--TianjinMember_pdd" title="Number of shares cancelled">933,964</span> shares issued were cancelled. </span></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify"><b>Our Business in Ningbo</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">The Company explored new media project in Ningbo, China and decided to restart its business and expects that will improve the Company’s future financial performance. In April 2022, the Company has established a newly subsidiary, NCN (Ningbo) Culture Media Co., Ltd (“NCN Ningbo”), a wholly foreign-owned enterprise in Ningbo, China. The Company owns 100% of the established subsidiary company, NCN Ningbo. In August 2022, NCN Ningbo started its operation and acquired rights to operate advertising panels in Ningbo, China and sell advertising airtime to our customers directly. <span style="background-color: white">On February 1, 2023, the Company agreed to issue 606,881 restricted shares of the Company’s common stock to the employee, Chen Zhu. On October 1, 2022, NCN Ningbo entered into an employment contract with Chen Zhu (“the employee”) under which the employee agreed to bring in the advertising rights in Ningbo to the Company and the Company will reward him for 606,881 shares of the Company’s common stock. </span></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b>Issuance of Convertible Promissory Note</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">On January 18, 2022, the Company entered into a Subscription Agreement under which the Subscriber agreed to purchase the 1% Senior Unsecured Convertible Note Agreement from the Company for an agreement purchase price of two million five hundred thousand US Dollars ($<span id="xdx_900_ecustom--AgreementPurchasePrice_c20220118__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember_pp0p0" title="Agreement purchase price">2,500,000</span>). On the same date, the Company signed the with 1% Senior Unsecured Convertible Note Agreement under which the Company may sell and issue to the Subscriber up to an aggregate maximum amount of $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20220118__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember_pp0p0" title="Principal amount">2,500,000</span> in principal amount of Convertible Notes prior to January 19, 2027. The Convertible Promissory Notes issued to the Investor are convertible at the holder’s option into shares of Company common stock at $<span id="xdx_90E_eus-gaap--SharesIssuedPricePerShare_c20220118__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember_pdd" title="Shares issued price per share">1.25</span> per share.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white"><b>Authorized capital</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify; background-color: white">On April 28, 2020, the Board of Directors and Majority of stockholders of the Company approved to increase the total number of authorized shares of Common Stock from <span id="xdx_903_eus-gaap--CommonStockSharesAuthorized_c20200428_pdd" title="Common stock, authorized">26,666,667</span> to 100,000,000,000. On October 11, 2021, we filed a Certificate of Amendment to our Certificate of Incorporation with the Delaware Secretary of State to increase our authorized shares of common stock from 26,666,667 to 100,000,000,000 and the increase had approved by Delaware secretary of state on April 5, 2022. On March 22, 2023, the Board of Directors and Majority of stockholders of the Company approved to decrease the total number of authorized shares of Common Stock from 100,000,000,000 to <span id="xdx_902_eus-gaap--CommonStockSharesAuthorized_iI_c20230930_zDxPEiSEywU1" title="Common stock, authorized"><span id="xdx_901_eus-gaap--CommonStockSharesAuthorized_iI_c20221231_z7wrmMG4m5I8" title="Common stock, authorized">100,000,000</span></span>.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0"><b>Going Concern</b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">The Company has experienced recurring net losses $<span id="xdx_90C_eus-gaap--NetIncomeLoss_iN_pp0p0_di_c20230701__20230930_zZB6na2L2I5i" title="Net loss">367,780</span> and $<span id="xdx_903_eus-gaap--NetIncomeLoss_iN_pp0p0_di_c20220701__20220930_zD7Skvz5A8x5" title="Net loss">176,816</span> for the three months ended September 30, 2023 and 2022 respectively, and $<span id="xdx_90E_eus-gaap--NetIncomeLoss_iN_pp0p0_di_c20230101__20230930_z2htLhShARZk" title="Net loss">1,623,859</span> and $<span id="xdx_904_eus-gaap--NetIncomeLoss_iN_pp0p0_di_c20220101__20220930_zcDoxdnWvNw" title="Net loss">636,578</span> for the nine months ended September 30, 2023 and 2022 respectively. As of September 30, 2023, and December 31, 2022, the Company has stockholders’ deficit of $<span id="xdx_90B_eus-gaap--StockholdersEquity_iNI_pp0p0_di_c20230930_zRKbnu0EmkA3" title="Stockholders' deficits">6,816,952</span> and $<span id="xdx_901_eus-gaap--StockholdersEquity_iNI_pp0p0_di_c20221231_zpQGM7VT0lv" title="Stockholders' deficits">6,337,754</span>, respectively. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s plans regarding those concerns are addressed in the following paragraph. The unaudited consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">In response to current financial conditions, the Company has actively explored new prominent media projects in order to provide a wider range of media and advertising services and improve our financial performance. If the project can start to operate, the Company expects that the project will improve the Company’s future financial performance. The Company expects that the new project can generate positive cashflow.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">The existing cash and cash equivalents together with highly liquid current assets are insufficient to fund the Company’s operations for the next twelve months. The Company will need to rely upon some combination of cash generated from the Company’s operations, or proceeds from the issuance of the Company’s equity and debt securities as well as the exercise of the conversion option by the Company’s note holders to convert the notes to the Company’s common stock, in order to maintain the Company’s operations. Based on the Company’s best estimates, the Company believes that there are sufficient financial resources to meet the cash requirements for the coming twelve months and the unaudited consolidated financial statements have been prepared on a going concern basis. However, there can be no assurance the Company will be able to continue as a going concern. These uncertainties may result in adverse effects on continuation of the Company as a going concern. The accompany unaudited consolidated financial statements do not reflect any adjustments that might result from the outcome of these uncertainties.</p> | ||
CY2020Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
26666667 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-367780 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-176816 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1623859 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-636578 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6816952 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6337754 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
303298 | usd | |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd | |
us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
449473 | usd | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_842_eus-gaap--UseOfEstimates_zeZEyXb6Naxh" style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify"><b><i>(C) <span id="xdx_869_zARCd7O6ha2i">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman; margin: 0pt 0; text-align: justify">In preparing unaudited consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Differences from those estimates are reported in the period they become known and are disclosed to the extent they are material to the unaudited consolidated financial statements taken as a whole.</p> <p style="font: 10pt Times New Roman; margin: 0pt 0"> </p> | ||
CY2023Q3 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P3Y | |
CY2023Q3 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
33614 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
74783 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
-0 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
-0 | usd |
CY2023Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
33614 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
74783 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
2500000 | usd |
CY2023Q3 | nwcn |
Prepaid Advertising Rights
PrepaidAdvertisingRights
|
3975 | usd |
CY2022Q4 | nwcn |
Prepaid Advertising Rights
PrepaidAdvertisingRights
|
8081 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
6100 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
10075 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
8081 | usd |
CY2023Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
9193 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
9193 | usd |
CY2023Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2022Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
956363 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
333785 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
266906 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
27815 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
689457 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
305970 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
79697 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
79696 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
318789 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
290972 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
689457 | usd |
CY2023Q3 | nwcn |
Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
|
130832 | usd |
CY2022Q4 | nwcn |
Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
|
80870 | usd |
CY2023Q3 | us-gaap |
Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
57587 | usd |
CY2022Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
8463 | usd |
CY2023Q3 | nwcn |
Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
|
73245 | usd |
CY2022Q4 | nwcn |
Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
|
72407 | usd |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
21396 | usd |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
145384 | usd | |
nwcn |
Derecognition Of Rightofuse Assets
DerecognitionOfRightofuseAssets
|
351186 | usd | |
CY2023Q1 | nwcn |
Allocated Intrinsic Value Of Beneficial Conversion Feature
AllocatedIntrinsicValueOfBeneficialConversionFeature
|
-400000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
72485 | usd |
CY2023Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
2817485 | usd |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
55657 | usd | |
CY2023Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
2873142 | usd |
CY2023Q3 | nwcn |
Accounts Payable
AccountsPayable
|
137710 | usd |
CY2022Q4 | nwcn |
Accounts Payable
AccountsPayable
|
76601 | usd |
CY2023Q3 | nwcn |
Payment In Advance
PaymentInAdvance
|
6850 | usd |
CY2023Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2467912 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2153063 | usd |
CY2023Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
83238 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
93171 | usd |
CY2023Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
390034 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
214094 | usd |
CY2023Q3 | nwcn |
Franchise Tax Payable
FranchiseTaxPayable
|
92300 | usd |
CY2022Q4 | nwcn |
Franchise Tax Payable
FranchiseTaxPayable
|
92300 | usd |
CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
153180 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
41625 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
100491 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
100491 | usd |
CY2023Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3431715 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2771345 | usd |
CY2023Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1307278 | usd |
CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1165372 | usd |
CY2023Q3 | nwcn |
Interest Expense On Short Term Debt
InterestExpenseOnShortTermDebt
|
52436 | usd |
nwcn |
Interest Expense On Short Term Debt
InterestExpenseOnShortTermDebt
|
152416 | usd | |
CY2022Q3 | nwcn |
Interest Expense On Short Term Debt
InterestExpenseOnShortTermDebt
|
45287 | usd |
nwcn |
Interest Expense On Short Term Debt
InterestExpenseOnShortTermDebt
|
146812 | usd | |
CY2022Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
645000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
18685 | usd |
CY2022Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
17862 | usd |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
55657 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
54398 | usd | |
CY2023Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
7927 | usd |
CY2022Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
7927 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
23523 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
22290 | usd | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
7282 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
18278 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1453 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
27013 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
609 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
26404 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
26404 | usd |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y1M17D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y8M15D | |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0448 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0460 | pure |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
nwcn |
Operating Cash Outflows From Operating Lease
OperatingCashOutflowsFromOperatingLease
|
-193241 | usd | |
nwcn |
Operating Cash Outflows From Operating Lease
OperatingCashOutflowsFromOperatingLease
|
-17453 | usd | |
CY2023Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
CY2021Q4 | nwcn |
Shares Granted Of Common Stock
SharesGrantedOfCommonStock
|
132172 | shares |
nwcn |
Noncash Stockbased Compensation
NoncashStockbasedCompensation
|
24000 | usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
52116 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
44967 | usd |
us-gaap |
Interest Expense
InterestExpense
|
151455 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
128025 | usd | |
us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
2500000 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-367780 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-176816 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1623859 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-636578 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24623959 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21018190 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24390446 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21018190 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24623959 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21018190 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24390446 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
21018190 | shares | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | ||
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-367780 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-176816 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1623859 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-636578 | usd | |
CY2023Q3 | nwcn |
Operating Loss Carried Forward2024 To2028
OperatingLossCarriedForward2024To2028
|
2279147 | usd |
CY2023Q3 | nwcn |
Operating Loss Carried Forward2029 To2033
OperatingLossCarriedForward2029To2033
|
892375 | usd |
CY2023Q3 | nwcn |
Operating Loss Carried Forward2034 To2037
OperatingLossCarriedForward2034To2037
|
217937 | usd |
CY2023Q3 | nwcn |
Operating Loss Carried Forward Indefinitely
OperatingLossCarriedForwardIndefinitely
|
371700 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3761159 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3761159 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3567272 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3761159 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3567272 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3567272 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3496482 | usd |
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
193887 | usd | |
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
70790 | usd | |
CY2023Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3761159 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3567272 | usd |