2023 Q4 Form 10-Q Financial Statement
#000109991023000212 Filed on November 20, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $403.3K | $1.634M | $5.353M |
YoY Change | -83.7% | -69.48% | 16.4% |
Cost Of Revenue | -$193.6K | $398.5K | $6.791M |
YoY Change | -109.56% | -94.13% | 222.59% |
Gross Profit | $596.9K | $1.235M | -$1.438M |
YoY Change | 32.89% | -185.89% | -157.68% |
Gross Profit Margin | 148.01% | 75.61% | -26.87% |
Selling, General & Admin | $13.62M | $7.632M | |
YoY Change | 78.49% | 634.5% | |
% of Gross Profit | 1102.74% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | -$320.0K | $13.16K | |
YoY Change | -2531.61% | 722.5% | |
% of Gross Profit | -25.9% | ||
Operating Expenses | -$11.65M | $13.62M | $7.632M |
YoY Change | -918.62% | 78.49% | -834.5% |
Operating Profit | $12.25M | -$12.39M | -$9.070M |
YoY Change | -1357.46% | 36.56% | -723.61% |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$5.997M | -$5.366M | $232.8K |
YoY Change | -1925.27% | -2405.44% | 288.56% |
Pretax Income | $6.250M | -$8.497M | -$8.838M |
YoY Change | -1068.41% | -3.85% | -673.36% |
Income Tax | -$31.86K | -$383.00 | $180.5K |
% Of Pretax Income | -0.51% | ||
Net Earnings | $10.65M | -$12.67M | -$8.657M |
YoY Change | -1850.15% | 46.4% | -713.86% |
Net Earnings / Revenue | 2640.74% | -775.69% | -161.73% |
Basic Earnings Per Share | -$0.18 | -$0.04 | |
Diluted Earnings Per Share | $5.72 | -$0.18 | -$44.91K |
COMMON SHARES | |||
Basic Shares Outstanding | 2.625M shares | 1.055M shares | 195.0M shares |
Diluted Shares Outstanding | 48.21M shares | 192.8M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $668.4K | $1.417M | $20.26M |
YoY Change | -96.66% | -93.01% | 1352.43% |
Cash & Equivalents | $668.4K | $1.417M | $20.26M |
Short-Term Investments | |||
Other Short-Term Assets | $47.33M | $34.52M | $17.58M |
YoY Change | 832.58% | 96.42% | 497.61% |
Inventory | |||
Prepaid Expenses | $12.13M | $12.13M | $15.00M |
Receivables | $1.133M | $129.8K | $4.473M |
Other Receivables | $0.00 | $5.806M | $2.376M |
Total Short-Term Assets | $49.13M | $41.88M | $44.69M |
YoY Change | 43.9% | -6.29% | 202.58% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.135M | ||
YoY Change | 720.66% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $1.407M |
YoY Change | -100.0% | -100.0% | -51.24% |
TOTAL ASSETS | |||
Total Short-Term Assets | $49.13M | $41.88M | $44.69M |
Total Long-Term Assets | $0.00 | $0.00 | $1.407M |
Total Assets | $49.13M | $41.88M | $46.09M |
YoY Change | 6.28% | -9.15% | 161.1% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $926.5K | $123.3K | $2.082M |
YoY Change | 117.96% | -94.08% | 817.82% |
Accrued Expenses | $0.00 | $270.9K | $126.3K |
YoY Change | -100.0% | 114.53% | -26.63% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $1.417M | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.208M | $2.118M | $4.044M |
YoY Change | -6.69% | -47.62% | 53.28% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.208M | $2.118M | $4.044M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $4.208M | $2.118M | $4.044M |
YoY Change | -6.69% | -47.62% | -14.43% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$11.63M | -$16.59M | |
YoY Change | 578.75% | ||
Common Stock | $56.35M | $0.00 | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $44.93M | $39.76M | $42.05M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $49.13M | $41.88M | $46.09M |
YoY Change | 6.28% | -9.15% | 161.1% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $10.65M | -$12.67M | -$8.657M |
YoY Change | -1850.15% | 46.4% | -713.86% |
Depreciation, Depletion And Amortization | -$320.0K | $13.16K | |
YoY Change | -2531.61% | 722.5% | |
Cash From Operating Activities | $16.66M | -$13.77M | -$24.94M |
YoY Change | 1886.06% | -44.78% | 1000.07% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$167.9K | |
YoY Change | -100.0% | -622.4% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.615M | -$17.77M | |
YoY Change | -173.96% | ||
Cash From Investing Activities | -$1.615M | -$17.77M | -$167.9K |
YoY Change | -223.24% | 10477.65% | -622.4% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 4.507M | 12.02M | 38.21M |
YoY Change | -438.92% | -68.54% | 8984.99% |
NET CHANGE | |||
Cash From Operating Activities | 16.66M | -13.77M | -24.94M |
Cash From Investing Activities | -1.615M | -17.77M | -167.9K |
Cash From Financing Activities | 4.507M | 12.02M | 38.21M |
Net Change In Cash | 19.55M | -19.52M | 13.10M |
YoY Change | 2286.78% | -248.97% | -822.11% |
FREE CASH FLOW | |||
Cash From Operating Activities | $16.66M | -$13.77M | -$24.94M |
Capital Expenditures | $0.00 | -$167.9K | |
Free Cash Flow | -$13.77M | -$24.77M | |
YoY Change | -44.41% | 977.38% |
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|
-8584668 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-383 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-202450 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
31859 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-45795 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8496543 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8657091 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-9455304 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8538873 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-4177004 | usd |
CY2022Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-4936613 | usd |
CY2022Q3 | WETG |
Disposition Of Discontinued Operations
DispositionOfDiscontinuedOperations
|
-8733966 | usd |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-5421237 | usd | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-6418752 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-12673547 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-13593704 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-14876541 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-14957625 | usd | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-175 | usd |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-175 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12673722 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-13593704 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-14876716 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-14957625 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
48205725 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48205725 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
192768916 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
192768916 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
114844076 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114844076 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
233072453 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
233072453 | shares | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
38879565 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
12616454 | usd |
CY2023Q3 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
935352 | usd |
CY2023Q3 | WETG |
Disposition Of Discontinued Operations
DispositionOfDiscontinuedOperations
|
-5305607 | usd |
CY2023Q3 | WETG |
Net Gain Loss From Discontinued Operation
NetGainLossFromDiscontinuedOperation
|
1128602 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8496543 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
39757823 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41719510 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
12616454 | usd | |
us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
298401 | usd | |
WETG |
Disposition Of Discontinued Operations
DispositionOfDiscontinuedOperations
|
-6545912 | usd | |
WETG |
Net Gain Loss From Discontinued Operation
NetGainLossFromDiscontinuedOperation
|
1124674 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-9455304 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
39757823 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13936431 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
37057176 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
477500 | usd |
CY2022Q3 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
-187388 | usd |
CY2022Q3 | WETG |
Net Gain Loss From Discontinued Operation
NetGainLossFromDiscontinuedOperation
|
1738568 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8657091 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35631230 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14529322 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
37057176 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
477500 | usd | |
us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
-898497 | usd | |
WETG |
Disposition Of Discontinued Operations
DispositionOfDiscontinuedOperations
|
-8733966 | usd | |
WETG |
Net Gain Loss From Discontinued Operation
NetGainLossFromDiscontinuedOperation
|
1738568 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8538873 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35631230 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-9455304 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8538873 | usd | |
WETG |
Gain From Discontinued Operation
GainFromDiscontinuedOperation
|
1124675 | usd | |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
6545912 | usd | |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
6418752 | usd | |
us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
2591489 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4633 | usd | |
us-gaap |
Depreciation
Depreciation
|
36641 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6044289 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-592924 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-549606 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-3043409 | usd | |
us-gaap |
Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
|
5805500 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-288143 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
118958 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-287715 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
12936012 | usd | |
WETG |
Increase Decrease In Prepaid Expense Related Parties
IncreaseDecreaseInPrepaidExpenseRelatedParties
|
-1914515 | usd | |
WETG |
Increase Decrease In Prepaid Expense Related Parties
IncreaseDecreaseInPrepaidExpenseRelatedParties
|
2312339 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-20644 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2161958 | usd | |
us-gaap |
Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
|
-86956 | usd | |
us-gaap |
Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
|
-74027 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-27730 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-102753 | usd | |
WETG |
Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
|
-2580579 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-2789981 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-130200 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-489844 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2276992 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
17882 | usd | |
WETG |
Increasedecreaseinassets Related To Discontinued Operations
IncreasedecreaseinassetsRelatedToDiscontinuedOperations
|
3018129 | usd | |
WETG |
Increasedecreaseinassets Related To Discontinued Operations
IncreasedecreaseinassetsRelatedToDiscontinuedOperations
|
6418752 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8530677 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18924761 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
24990000 | usd | |
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
-1614841 | usd | |
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
-1662363 | usd | |
WETG |
Payments To Acquire Amortised Expenses
PaymentsToAcquireAmortisedExpenses
|
816340 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-23375159 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
846023 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
12616454 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
37534676 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
382387 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
330832 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12998841 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
37865508 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
298400 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-141482 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-18608595 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
19645288 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20025480 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
616594 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1416885 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20261882 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_809_eus-gaap--NatureOfOperations_zmJigPIfAQD9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1</b> – <b><span id="xdx_823_zkmgFgYdj906">NATURE OF BUSINESS</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Business</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">WeTrade Group, Inc was incorporated in the State of Wyoming on March 28, 2019. We currently pursue two corporate strategies. One business strategy is to continue providing software development services, and the other strategy is to acquire and hold bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Software development</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We provide AI-enabled software development services to our customers, which included developing, designing, and implementing various SAAS software solutions for businesses of all types, including industrial and other businesses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Bitcoin Acquisition Strategy</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our bitcoin acquisition strategy generally involves acquiring bitcoin with our liquid assets that exceed working capital requirements, and from time to time, subject to market conditions, issuing debt or equity securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We view our bitcoin holdings as long-term holdings and expect to continue to accumulate bitcoin. We have not set any specific target for the amount of bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional financings to purchase additional bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This overall strategy also contemplates that we may (i) periodically sell bitcoin for general corporate purposes, including to generate cash for treasury management or in connection with strategies that generate tax benefits in accordance with applicable law, (ii) enter into additional capital raising transactions that are collateralized by our bitcoin holdings, and (iii) consider pursuing additional strategies to create income streams or otherwise generate funds using our bitcoin holdings.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We believe that, due to its limited supply, bitcoin offers the opportunity for appreciation in value if its adoption increases and has the potential to serve as a hedge against inflation in the long-term.<br/> <br/> </p> <p style="font: 4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">The following table presents a roll-forward of our bitcoin holdings, including additional information related to our bitcoin purchases, and digital asset impairment losses during the period:</p> <table cellpadding="0" cellspacing="0" id="xdx_885_ecustom--ScheduleOfDigitaAssetsImpairmentLossesTableTextBlock_zO2gPNIv2Hbk" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - NATURE OF BUSINESS (Details)"> <tr style="vertical-align: top; background-color: White"> <td style="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt"><span id="xdx_8BF_zj3xu3FGowic" style="display: none">Schedule of digital asset impairment losses</span></td> <td style="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td> <td style="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td> <td style="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td> <td style="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td> <td style="padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td></tr> <tr style="vertical-align: top"> <td style="border: Black 1pt solid; width: 24%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt"> </td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; width: 18%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Source of capital used to purchase Bitcoin</b></span></td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; width: 15%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Digital asset original cost basis</b></span></td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; width: 15%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Digital asset impairment losses</b></span></td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; width: 15%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Digital asset carrying amount</b></span></td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left; width: 13%; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; vertical-align: bottom"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Approximate number of Bitcoin held</b></span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Balance at December 31, 2022</b></span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td id="xdx_983_ecustom--DigitalAssetOriginalCostBasis_iS_pp0p0_c20230101__20230930_zO44vSaz4cta" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital asset original cost basis at beginning"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0633">-</span></span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td id="xdx_98C_ecustom--DigitalAssets_iS_pp0p0_c20230101__20230930_znFPto6vPthf" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital assets carrying amount at beginning"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0635">-</span></span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Digital asset purchase</span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</span></td> <td id="xdx_980_ecustom--DigitalAssetPurchase_pp0p0_c20230101__20230930_zJPTNhtBD2Ng" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital asset purchase"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,990,000</span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td id="xdx_985_eus-gaap--PaymentsToAcquireOtherPropertyPlantAndEquipment_pp0p0_c20230101__20230930_znqIRoktF8e2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital asset purchase"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,990,000</span></td> <td id="xdx_985_ecustom--ApproximateNumberOfBitcoinHeld_c20230101__20230930_pdd" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Approximate number of Bitcoin held"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">833</span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Digital asset impairment loss</span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td id="xdx_989_eus-gaap--AssetImpairmentCharges_iN_pp0p0_di_c20230101__20230930_z81NyFErYiQg" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital asset impairment loss"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2,591,490)</span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: top; background-color: White"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Balance at September 30, 2023</b></span></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center"> </td> <td id="xdx_98A_ecustom--DigitalAssetOriginalCostBasis_iE_pp0p0_c20230101__20230930_zhEuldR7VUR2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital asset original cost basis at end"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>24,990,000</b></span></td> <td id="xdx_985_eus-gaap--AssetImpairmentCharges_iN_pp0p0_di_c20230101__20230930_zIpcJGSPV483" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital asset impairment loss"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(2,591,490)</b></span></td> <td id="xdx_98B_ecustom--DigitalAssets_iE_pp0p0_c20230101__20230930_zshRqAlqIZve" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Digital assets carrying amount at end"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>22,398,510</b></span></td> <td id="xdx_98B_ecustom--ApproximateNumberOfBitcoinHeld_c20230101__20230930_z7gcNbyolAnk" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 8pt; padding-left: 5.4pt; text-align: center" title="Approximate number of Bitcoin held"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>833</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | ||
WETG |
Digital Asset Purchase
DigitalAssetPurchase
|
24990000 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
24990000 | usd | |
WETG |
Approximate Number Of Bitcoin Held
ApproximateNumberOfBitcoinHeld
|
833 | ||
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2591490 | usd | |
CY2023Q3 | WETG |
Digital Asset Original Cost Basis
DigitalAssetOriginalCostBasis
|
24990000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2591490 | usd | |
CY2023Q3 | WETG |
Digital Assets
DigitalAssets
|
22398510 | usd |
WETG |
Approximate Number Of Bitcoin Held
ApproximateNumberOfBitcoinHeld
|
833 | ||
WETG |
Approximate Number Of Bitcoins Held
ApproximateNumberOfBitcoinsHeld
|
833 | ||
CY2023Q3 | WETG |
Digital Assets
DigitalAssets
|
22398510 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2591490 | usd | |
WETG |
Approximate Number Of Bitcoins Held
ApproximateNumberOfBitcoinsHeld
|
833 | ||
CY2023Q3 | WETG |
Digital Assets
DigitalAssets
|
22398510 | usd |
CY2023Q3 | WETG |
Foreign Currency Exchange Rate Translation
ForeignCurrencyExchangeRateTranslation
|
7.27 | |
CY2022Q4 | WETG |
Foreign Currency Exchange Rate Translation
ForeignCurrencyExchangeRateTranslation
|
6.9 | |
CY2023Q3 | WETG |
Foreign Currency Exchange Rate Translation
ForeignCurrencyExchangeRateTranslation
|
7.27 | |
CY2022Q4 | WETG |
Foreign Currency Exchange Rate Translation
ForeignCurrencyExchangeRateTranslation
|
6.9 | |
WETG |
Operations And Comprehensive Income Accounts
OperationsAndComprehensiveIncomeAccounts
|
7.05 | ||
CY2022 | WETG |
Operations And Comprehensive Income Accounts
OperationsAndComprehensiveIncomeAccounts
|
6.75 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zsxOrXVlUnEi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86B_zHT09X73o8Ie">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make judgement estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. Significant accounting estimates include the allowance for doubtful accounts, useful lives of intangible asset, valuation of deferred tax assets, and certain accrued liabilities such as contingent liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"></p> <p style="font: 4pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.50 | pure | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9455304 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8496543 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
114844076 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114844076 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
233072453 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
233072453 | shares | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.08 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.08 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.04 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.04 | ||
us-gaap |
Revenues
Revenues
|
2229999 | usd | |
us-gaap |
Revenues
Revenues
|
2229999 | usd | |
us-gaap |
Revenues
Revenues
|
9197681 | usd | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1416885 | usd |
CY2023Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1416885 | usd |
CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
22926 | usd |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
24990000 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2591490 | usd | |
CY2023Q3 | WETG |
Digital Assets
DigitalAssets
|
22398510 | usd |
WETG |
Approximate Number Of Bitcoins Held
ApproximateNumberOfBitcoinsHeld
|
833 | ||
CY2023Q3 | WETG |
Digital Assets
DigitalAssets
|
22398510 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2591490 | usd | |
CY2023Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
129765 | usd |
WETG |
Schedule Of Prepayments Table Textblock
ScheduleOfPrepaymentsTableTextblock
|
<table cellpadding="0" cellspacing="0" id="xdx_88E_ecustom--ScheduleOfPrepaymentsTableTextblock_z7ChWJZakl9e" style="font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAYMENTS (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt"><span id="xdx_8B0_zfuBFKWDjmEi" style="display: none">Schedule of prepayments</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">September 30,<br/> 2023</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31,<br/> 2022</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 56%; text-align: justify">Digital assets</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_982_ecustom--Prepayments_iI_pp0p0_c20230930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--DigitalAssetsMember_zFoauKBS6Bzk" style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Prepayments">12,125,500</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98D_ecustom--Prepayments_iI_pp0p0_c20221231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--DigitalAssetsMember_zGDQLEbWY7S1" style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Prepayments"><span style="-sec-ix-hidden: xdx2ixbrl0820">—</span> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Others</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_984_ecustom--Prepayments_iI_pp0p0_c20230930__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--OthersMember_zHow5IMzArU5" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Prepayments"><span style="-sec-ix-hidden: xdx2ixbrl0822">—</span> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98E_ecustom--Prepayments_iI_pp0p0_c20221231__us-gaap--IndefiniteLivedIntangibleAssetsByMajorClassAxis__custom--OthersMember_ze2SHrfxm7s5" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Prepayments">50,000</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_988_ecustom--Prepayments_iI_pp0p0_c20230930_zLJ11uAUj3e4" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Prepayments">12,125,500</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_983_ecustom--Prepayments_iI_pp0p0_c20221231_zb1pn0pXrnJf" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Prepayments">50,000</td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> </table> | ||
CY2023Q3 | WETG |
Prepayments
Prepayments
|
12125500 | usd |
CY2022Q4 | WETG |
Prepayments
Prepayments
|
50000 | usd |
CY2023Q3 | WETG |
Related Parties Payable
RelatedPartiesPayable
|
719683 | usd |
CY2022Q4 | WETG |
Related Parties Payable
RelatedPartiesPayable
|
521296 | usd |
CY2023Q3 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
954000 | usd |
CY2022Q4 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
770000 | usd |
CY2023Q3 | WETG |
Amount Due To Related Parties
AmountDueToRelatedParties
|
1673683 | usd |
CY2022Q4 | WETG |
Amount Due To Related Parties
AmountDueToRelatedParties
|
1291296 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
719683 | usd | |
us-gaap |
Payments For Fees
PaymentsForFees
|
954000 | usd | |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2625130 | shares |
CY2019Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
74000 | shares |
CY2020Q1 | WETG |
Number Of Shareholder
NumberOfShareholder
|
2 | |
CY2020Q3 | us-gaap |
Share Price
SharePrice
|
3 | |
CY2020Q3 | WETG |
Number Of Shareholder
NumberOfShareholder
|
2 | |
CY2020Q3 | WETG |
Common Stock Shares Outstanding Shares
CommonStockSharesOutstandingShares
|
101766666 | shares |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
477500 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1 for 185 | |
CY2023Q2 | us-gaap |
Common Stock No Par Value
CommonStockNoParValue
|
0 | |
CY2023Q3 | us-gaap |
Shares Issued
SharesIssued
|
1570600 | shares |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
12616454 | usd | |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2625130 | shares |