2023 Q3 Form 10-Q Financial Statement

#000121390023065030 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $453.7K $322.4K $344.2K
YoY Change 30.69% -6.32% 19.18%
Cost Of Revenue $79.75K $59.16K $68.68K
YoY Change 22.65% -13.86% 0.06%
Gross Profit $374.0K $263.3K $275.5K
YoY Change 32.55% -4.44% 25.14%
Gross Profit Margin 82.42% 81.65% 80.05%
Selling, General & Admin $1.720M $2.690M $2.747M
YoY Change -35.13% -2.07% 39.26%
% of Gross Profit 459.93% 1021.99% 997.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.774K $3.502K $202.4K
YoY Change -498.67% -98.27%
% of Gross Profit 2.08% 1.33% 73.46%
Operating Expenses $1.720M $2.690M $2.747M
YoY Change -35.12% -2.07% 94.21%
Operating Profit -$1.346M -$2.427M -$2.472M
YoY Change -43.18% -1.8% 106.94%
Interest Expense $144.5K $114.8K $68.17K
YoY Change 38.55% 68.41% 219.35%
% of Operating Profit
Other Income/Expense, Net -$431.8K -$431.2K -$428.6K
YoY Change -40.11% 0.59% 230.13%
Pretax Income -$1.778M -$2.858M -$2.900M
YoY Change -42.46% -1.45% 67.82%
Income Tax $2.025K $889.6K
% Of Pretax Income
Net Earnings -$1.778M -$2.860M -$3.790M
YoY Change -42.46% -24.53% 186.19%
Net Earnings / Revenue -391.9% -887.18% -1101.24%
Basic Earnings Per Share -$0.04 -$0.07 -$0.10
Diluted Earnings Per Share -$0.04 -$0.07 -$0.10
COMMON SHARES
Basic Shares Outstanding 39.97M shares 40.22M shares 38.97M shares
Diluted Shares Outstanding 39.97M shares 40.12M shares 38.97M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $340.0K $319.5K $1.654M
YoY Change -68.45% -80.68%
Cash & Equivalents $200.4K $197.1K $1.212M
Short-Term Investments $130.0K $122.4K $442.3K
Other Short-Term Assets
YoY Change
Inventory $6.979K
Prepaid Expenses
Receivables $570.0K $426.5K $609.7K
Other Receivables $200.0K $200.0K $0.00
Total Short-Term Assets $1.114M $946.0K $2.264M
YoY Change -33.72% -58.21%
LONG-TERM ASSETS
Property, Plant & Equipment $80.35K $69.08K $9.572K
YoY Change 165.01% 621.71%
Goodwill $815.5K $815.5K $3.636M
YoY Change -77.57% -77.57%
Intangibles $2.000K $2.250K $1.700M
YoY Change -99.88% -99.87%
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $1.236M $1.193M $5.717M
YoY Change -78.42% -79.14%
TOTAL ASSETS
Total Short-Term Assets $1.114M $946.0K $2.264M
Total Long-Term Assets $1.236M $1.193M $5.717M
Total Assets $2.350M $2.139M $7.981M
YoY Change -68.27% -73.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.080M $1.113M $1.561M
YoY Change -31.95% -28.66%
Accrued Expenses $667.4K $545.1K $63.43K
YoY Change 923.33% 759.42%
Deferred Revenue
YoY Change
Short-Term Debt $1.790M $1.088M $169.8K
YoY Change 1155.0% 540.49%
Long-Term Debt Due $3.630M $3.338M $5.300K
YoY Change 68390.57% 62888.68%
Total Short-Term Liabilities $7.258M $6.154M $1.799M
YoY Change 303.04% 242.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $4.080K $2.187M
YoY Change -100.0% -99.81%
Other Long-Term Liabilities $2.839K $4.083K $317.6K
YoY Change -99.06% -98.71%
Total Long-Term Liabilities $2.839K $4.083K $2.504M
YoY Change -99.9% -99.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.258M $6.154M $1.799M
Total Long-Term Liabilities $2.839K $4.083K $2.504M
Total Liabilities $7.513M $6.406M $4.304M
YoY Change 64.11% 48.86%
SHAREHOLDERS EQUITY
Retained Earnings -$26.62M -$24.85M -$15.74M
YoY Change 41.38% 57.84%
Common Stock $39.97K $39.97K $38.98K
YoY Change -0.79% 2.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.161M -$4.266M $3.678M
YoY Change
Total Liabilities & Shareholders Equity $2.350M $2.139M $7.981M
YoY Change -68.27% -73.2%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.778M -$2.860M -$3.790M
YoY Change -42.46% -24.53% 186.19%
Depreciation, Depletion And Amortization $7.774K $3.502K $202.4K
YoY Change -498.67% -98.27%
Cash From Operating Activities -$880.0K -$1.038M -$42.46K
YoY Change -0.01% 2345.78%
INVESTING ACTIVITIES
Capital Expenditures $20.00K $19.55K -$2.440K
YoY Change -191.41% -901.23%
Acquisitions
YoY Change
Other Investing Activities $0.00 $222.7K $1.777M
YoY Change -87.47%
Cash From Investing Activities -$10.00K $203.2K $1.774M
YoY Change -54.3% -88.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 900.0K 810.8K -956.8K
YoY Change 142.48% -184.74%
NET CHANGE
Cash From Operating Activities -880.0K -1.038M -42.46K
Cash From Investing Activities -10.00K 203.2K 1.774M
Cash From Financing Activities 900.0K 810.8K -956.8K
Net Change In Cash 10.00K -24.55K 775.1K
YoY Change -101.88% -103.17%
FREE CASH FLOW
Cash From Operating Activities -$880.0K -$1.038M -$42.46K
Capital Expenditures $20.00K $19.55K -$2.440K
Free Cash Flow -$900.0K -$1.058M -$40.02K
YoY Change 4.87% 2543.75%

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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Other Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Repayments Of Notes Payable
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us-gaap Payments For Proceeds From Deposit On Loan
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us-gaap Payments For Proceeds From Deposit On Loan
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us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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ohcs Common Stock Issued For Business Combination
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us-gaap Nature Of Operations
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>1. Nature of operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Optimus Healthcare Services, Inc. (formerly Between Dandelions, Inc., “Optimus”, “Company”) was initially organized under the laws of Florida on February 26, 1990, as Phoenix Management Associates, Inc. Over the ensuing years, the Company made a series of amendments to its Articles of Incorporation relating to authorization of various series of Preferred Shares and made a series of name changes. The current name of Optimus Healthcare Services, Inc. became effective with the State of Florida on January 24, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is dedicated to: (1) advancing access to clinical trial research; and (2) improving and simplifying access to vaccines and pharmaceutical products. Currently the Company provides these services through its portfolio companies, Clinical Research Alliance, Inc. (CRA), and Worker’s Health Rx (d/b/a Vitality Rx).</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant assumptions and estimates relate to the valuation of equity issued for services, valuation of equity associated with convertible debt, the valuation of derivative liabilities, and the valuation of deferred tax assets. Actual results could differ from these estimates.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white"><span style="text-decoration:underline">Reclassification</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain amounts included in prior year financial statements have been reclassified to conform to the current year presentation. These reclassifications did not have a material impact on the Company’s previously reported financial statements.</p>
us-gaap Revenue Recognition Allowances
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35pt"><span style="text-decoration:underline">Revenue Recognition</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) 2014-09, “<i>Revenue from contracts with customers,”</i> (Topic 606). Revenue is recognized when a customer obtains control of promised goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05pt; text-align: justify">The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. The Company’s main revenue stream is from services. Generally, the Company’s performance obligations are transferred to customers at a point in time, typically upon delivery.  For services performed by CRA, the Company’s performance obligations are generally met at the point in time the services are rendered.</p>
us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white"><span style="text-decoration:underline">Concentration of Credit Risk</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35pt; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. The Company places its cash equivalents with financial institutions and invests its excess cash primarily in certificates of deposit, deposit accounts or treasury bills. The Company has established guidelines relative to credit ratings and maturities that seek to maintain stability and liquidity.</p>
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0.10 pure
ohcs Annual Revenue Percentage
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0.10 pure
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AnnualRevenuePercentage
0.10 pure
ohcs Annual Revenue Percentage
AnnualRevenuePercentage
0.10 pure
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Weighted Average Number Of Shares Restricted Stock
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us-gaap Advertising Expense
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ohcs Lease Agreement Commencing Description
LeaseAgreementCommencingDescription
The Company entered into a lease agreement commencing on February 1, 2021 through August 31, 2026, for 1,246 square feet of office space located at One Dupont Street, Suite 112, Plainview, New York, 11803.
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us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
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ohcs Warrants
Warrants
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ohcs Warrants
Warrants
1705000 shares
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StockOptions
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StockOptions
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us-gaap Auction Market Preferred Securities Shares Issued
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ohcs Totalshares
Totalshares
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ohcs Totalshares
Totalshares
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FinanceLeaseRightOfUseAssetAccumulatedAmortization
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51404 usd
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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CY2023Q2 us-gaap Income Loss From Continuing Operations
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ohcs Going Concern Term
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us-gaap Principal Transactions Revenue
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2024-05-25
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BusinessAcquisitionPercentageOfVotingInterestAcquired
0.73 pure
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BusinessAcquisitionPercentageOfVotingInterestAcquired
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CY2021Q3 us-gaap Memberships In Exchanges Owned
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2022Q4 us-gaap Loans Payable
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CY2022Q4 us-gaap Other Additional Capital
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CY2022Q4 us-gaap Beneficial Interest
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200000 usd
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CY2023Q2 ohcs Aggregate Principal Amount
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24396 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
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3502 usd
us-gaap Depreciation
Depreciation
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CY2022Q2 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
690 usd
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us-gaap Line Of Credit Facility Interest Rate During Period
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us-gaap Line Of Credit Facility Periodic Payment
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2314 usd
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3000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
750 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
250 usd
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FiniteLivedIntangibleAssetsNet
2250 usd
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2750 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
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250 usd
us-gaap Amortization Of Intangible Assets
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500 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022 ohcs Gross Unrealized Loss
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CY2022 us-gaap Equity Fair Value Adjustment
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us-gaap Gain Loss On Sale Of Investments
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us-gaap Gain Loss On Sale Of Investments
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us-gaap Debt And Equity Securities Unrealized Gain Loss
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us-gaap Debt And Equity Securities Realized Gain Loss
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NotesPayableRelatedPartiesClassifiedAsCurrent
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CY2023Q2 ohcs Issued3
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NoCouponDueOnDemandIssuedThree
200 usd
us-gaap Stock Issued1
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950000 usd
ohcs Coupon
Coupon
0.12 pure
CY2023Q2 ohcs Coupon Due On Demand Issued Two
CouponDueOnDemandIssuedTwo
950000 usd
ohcs Longterm Notes Payable Related Party
LongtermNotesPayableRelatedParty
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CY2022 ohcs Longterm Notes Payable Related Party
LongtermNotesPayableRelatedParty
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CY2022Q3 us-gaap Conversion Of Stock Shares Issued1
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362000 shares
CY2022Q3 us-gaap Other Notes Payable
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25000 usd
CY2022Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
296839 usd
us-gaap Extinguishment Of Debt Amount
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CY2023Q2 us-gaap Related Party Transaction Amounts Of Transaction
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950000 usd
CY2023Q2 us-gaap Investment Interest Rate
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0.12 pure
CY2020Q2 us-gaap Loans Receivable With Fixed Rates Of Interest1
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CY2021Q1 us-gaap Loans Receivable With Fixed Rates Of Interest1
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148975 usd
CY2023Q2 us-gaap Grants Receivable Current
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126546 usd
CY2020Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
126546 usd
us-gaap Loans Receivable Description Of Variable Rate Basis
LoansReceivableDescriptionOfVariableRateBasis
The unforgiven portion of the PPP loan totaling $19,137 is payable over five years at an interest rate of 1%, with a deferral of payments for the first twelve months.
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4083 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5304 usd
CY2021Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
148975 usd
CY2023Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
3333096 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2759961 usd
CY2023Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
0 usd
CY2023Q2 us-gaap Other Loans Payable Current
OtherLoansPayableCurrent
3333096 usd
CY2021Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2200000 usd
CY2021Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
2200000 usd
CY2021Q2 ohcs Aggregate Purchase Price
AggregatePurchasePrice
2000000 usd
CY2021Q2 ohcs Shares Of Common Stock
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165000 shares
CY2021Q2 us-gaap Debt Instrument Convertible Conversion Price1
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1
CY2021Q2 ohcs Ownership Percentage
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0.0999 pure
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.10 pure
CY2023Q2 us-gaap Warrants And Rights Outstanding Term
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P5Y
us-gaap Warrant Exercise Price Increase
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1.25
CY2023Q2 ohcs Equity Method Investments Ownership Percentages
EquityMethodInvestmentsOwnershipPercentages
0.0999 pure
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2200000 usd
CY2022Q2 us-gaap Investment Owned Balance Principal Amount
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2200000 usd
CY2022Q2 ohcs Aggregate Purchase Price
AggregatePurchasePrice
2000000 usd
CY2022Q2 ohcs Shares Of Common Stock
SharesOfCommonStock
1540000 shares
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1
CY2022Q2 ohcs Equity Method Investments Ownership Percentages
EquityMethodInvestmentsOwnershipPercentages
0.0999 pure
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
114796 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
218584 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
68165 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
118724 usd
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
288151 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
573136 usd
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
277761 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
548993 usd
CY2021Q3 us-gaap Demutualization By Insurance Entity Securities Issued Quantity Of Shares
DemutualizationByInsuranceEntitySecuritiesIssuedQuantityOfShares
2000000 shares
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
1
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
4141000 shares
CY2022 ohcs Raised Pursuant Amount
RaisedPursuantAmount
1956000 usd
ohcs Raised Pursuant Amount
RaisedPursuantAmount
725000 usd
CY2020Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
9998899 shares
CY2020Q4 ohcs Cancelled Shares
CancelledShares
9998889 shares
CY2023Q2 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
250000 shares
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
136827 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
250000 shares
us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
1.39
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.25 pure
us-gaap Restricted Stock Expense
RestrictedStockExpense
395550 usd
CY2023Q2 us-gaap Share Price
SharePrice
1.35
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.39
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
2.3213 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0402 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M3D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5895000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.69
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y1M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
250000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.39
ohcs Weighted Average Remaining Term Options Granted
WeightedAverageRemainingTermOptionsGranted
P10Y
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6145000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.68
ohcs Weighted Average Remaining Term Options Outstanding At Ending Balance
WeightedAverageRemainingTermOptionsOutstandingAtEndingBalance
P8Y8M8D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2078750 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.72
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M23D
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2601461 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3886702 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4500861 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2000000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
65000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2065000 shares
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
3042200 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P4Y6M
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1705000 shares
ohcs Weighted Average Average Exercise Price Beginning Balance
WeightedAverageAverageExercisePriceBeginningBalance
1.25
ohcs Weighted Average Remaining Term Beginning Balance
WeightedAverageRemainingTermBeginningBalance
P4Y4M2D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1705000 shares
ohcs Weighted Average Average Exercise Price Ending Balance
WeightedAverageAverageExercisePriceEndingBalance
1.25
ohcs Weighted Average Remaining Term Ending Balance1
WeightedAverageRemainingTermEndingBalance1
P3Y10M2D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1705000 shares
ohcs Weighted Average Average Exercise Price Warrants Exercisable
WeightedAverageAverageExercisePriceWarrantsExercisable
1.25
ohcs Weighted Average Remaining Term Warrants Exercisable1
WeightedAverageRemainingTermWarrantsExercisable1
P3Y10M2D
ohcs Related Party Loan Amount
RelatedPartyLoanAmount
450000 usd
srt Demand Deposit Liabilities Interest Bearing Average Rate Paid
DemandDepositLiabilitiesInterestBearingAverageRatePaid
0.12 pure
CY2023Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
usd
CY2023Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q2 us-gaap Preferred Stock Shares Subscribed But Unissued Value
PreferredStockSharesSubscribedButUnissuedValue
usd
CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
usd
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38974598 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39967476 shares
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
usd
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
usd
us-gaap Advertising Expense
AdvertisingExpense
usd
CY2023Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
usd
ohcs Gross Unrealized Loss
GrossUnrealizedLoss
usd
us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
usd
CY2023Q2 ohcs No Coupon Due On Demand Issued Three
NoCouponDueOnDemandIssuedThree
usd
CY2022Q4 ohcs Coupon Due On Demand Issued Two
CouponDueOnDemandIssuedTwo
usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
ohcs Weighted Average Remaining Term Options Exercised
WeightedAverageRemainingTermOptionsExercised
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
ohcs Weighted Average Remaining Term Options Cancelled
WeightedAverageRemainingTermOptionsCancelled
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
shares
ohcs Weighted Average Exercise Price Issued
WeightedAverageExercisePriceIssued
ohcs Weighted Average Remaining Term Issued
WeightedAverageRemainingTermIssued
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
shares
ohcs Weighted Average Average Exercise Price Exercised
WeightedAverageAverageExercisePriceExercised
ohcs Weighted Average Remaining Term Exercised
WeightedAverageRemainingTermExercised
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
ohcs Weighted Average Average Exercise Price Expired
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ohcs Weighted Average Remaining Term Expired
WeightedAverageRemainingTermExpired
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001892025

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