$OLB
OLB Group Inc

2024 Q3 Form 10-Q Financial Statement

#000121390024069167 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.521M
YoY Change -57.8%
Cost Of Revenue $2.973M
YoY Change 731.67%
Gross Profit $548.5K
YoY Change -93.13%
Gross Profit Margin 15.58%
Selling, General & Admin $2.202M
YoY Change 16.79%
% of Gross Profit 401.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $843.7K
YoY Change 5.5%
% of Gross Profit 153.82%
Operating Expenses $6.136M
YoY Change -31.64%
Operating Profit -$2.615M
YoY Change 313.95%
Interest Expense -$32.93K
YoY Change -32.36%
% of Operating Profit
Other Income/Expense, Net -$32.93K
YoY Change -178.04%
Pretax Income -$2.648M
YoY Change 349.16%
Income Tax
% Of Pretax Income
Net Earnings -$2.648M
YoY Change 350.48%
Net Earnings / Revenue -75.2%
Basic Earnings Per Share -$1.49
Diluted Earnings Per Share -$1.49
COMMON SHARES
Basic Shares Outstanding 1.798M shares 18.09M shares
Diluted Shares Outstanding 1.798M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.27K
YoY Change -60.18%
Cash & Equivalents $53.27K
Short-Term Investments $0.00
Other Short-Term Assets $592.00
YoY Change -99.78%
Inventory
Prepaid Expenses $13.68K
Receivables $118.0K
Other Receivables $404.0K
Total Short-Term Assets $589.5K
YoY Change -81.13%
LONG-TERM ASSETS
Property, Plant & Equipment $4.277M
YoY Change -39.01%
Goodwill $8.140M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $396.0K
YoY Change -7.04%
Total Long-Term Assets $16.00M
YoY Change -53.11%
TOTAL ASSETS
Total Short-Term Assets $589.5K
Total Long-Term Assets $16.00M
Total Assets $16.59M
YoY Change -55.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.229M
YoY Change 114.74%
Accrued Expenses $454.3K
YoY Change -15.45%
Deferred Revenue
YoY Change
Short-Term Debt $30.60K
YoY Change
Long-Term Debt Due $277.5K
YoY Change -6.91%
Total Short-Term Liabilities $8.319M
YoY Change 58.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.319M
Total Long-Term Liabilities $0.00
Total Liabilities $8.319M
YoY Change 54.89%
SHAREHOLDERS EQUITY
Retained Earnings -$61.62M
YoY Change 68.38%
Common Stock $180.00
YoY Change -88.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.274M
YoY Change
Total Liabilities & Shareholders Equity $16.59M
YoY Change -55.46%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$2.648M
YoY Change 350.48%
Depreciation, Depletion And Amortization $843.7K
YoY Change 5.5%
Cash From Operating Activities -$785.5K
YoY Change -161.3%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $332.9K
YoY Change -139.16%
Cash From Investing Activities $332.9K
YoY Change -131.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 502.6K
YoY Change -425.26%
NET CHANGE
Cash From Operating Activities -785.5K
Cash From Investing Activities 332.9K
Cash From Financing Activities 502.6K
Net Change In Cash 49.96K
YoY Change -27.75%
FREE CASH FLOW
Cash From Operating Activities -$785.5K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Type
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dei Entity File Number
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dei Entity Registrant Name
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THE OLB GROUP, INC.
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dei Entity Address Address Line1
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dei Security12b Title
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dei Trading Symbol
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CY2023Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
212500 usd
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ProfitLoss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1901999 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Operating Lease Payments
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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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olb Unrealized Gain On Investment
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274731 usd
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IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1172389 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
19947 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
336590 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
301048 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
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olb Percentage Of Acquisition Of Interest In Cuentas Sdillc
PercentageOfAcquisitionOfInterestInCuentasSDILLC
0.1999 pure
olb Percentage Of Acquisition Of Interest In Cuentas Sdillc
PercentageOfAcquisitionOfInterestInCuentasSDILLC
0.1999 pure
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
215500 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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olb Percentage Of Purchase Interest In Cuentas Sdillc
PercentageOfPurchaseInterestInCuentasSDILLC
0.8001 pure
olb Percentage Of Purchase Interest In Cuentas Sdillc
PercentageOfPurchaseInterestInCuentasSDILLC
0.8001 pure
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
850000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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olb Cash Overdraft
CashOverdraft
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olb Cash Overdraft
CashOverdraft
8050 usd
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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RepaymentsOfNotesPayable
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us-gaap Repayments Of Notes Payable
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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
NetCashProvidedByUsedInFinancingActivities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179006 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
434026 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53265 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133777 usd
olb Common Stock Issued For Accrued Liabilities
CommonStockIssuedForAccruedLiabilities
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olb Common Stock Issued For Accrued Liabilities
CommonStockIssuedForAccruedLiabilities
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olb Preferred Stock Dividends
PreferredStockDividends
62281 usd
olb Preferred Stock Dividends
PreferredStockDividends
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olb Cancellation Of Operating Leases
CancellationOfOperatingLeases
174090 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 1 – BACKGROUND</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"><i><span style="text-decoration:underline">Background</span></i></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 OLB Group, Inc. (“OLB” the “Company”) was incorporated in the State of Delaware on November 18, 2004 and provides services through its wholly-owned subsidiaries and business segments. The Company generates its revenue through two business segments its Fintech Services and Bitcoin Mining Business segments.</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">Fintech Services:</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 provides integrated financial and transaction processing services (“Fintech Services”) to businesses throughout the United States. Through its eVance, Inc. subsidiary (“eVance”), the Company provides an integrated suite of third-party merchant payment processing services and related proprietary software enabling products that deliver credit and debit card-based internet payment processing solutions primarily to small and mid-sized merchants operating in physical “brick and mortar” business environments, on the internet and in retail settings requiring both wired and wireless mobile payment solutions. eVance operates as an independent sales organization (“ISO”) generating individual merchant processing contracts in exchange for future residual payments. As a wholesale ISO, eVance has a direct contractual relationship with the merchants and takes greater responsibility in the approval and monitoring of merchants than do retail ISOs and as a result, receives additional consideration for this service and risk. The Company’s Securus365, Inc. (“Securus365”) subsidiary operates as a retail ISO and receives residual income as commission for merchants it places with third party processors. The Company’s eVance Capital, Inc. subsidiary provides lending services to merchants processing with eVance, Inc.</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">CrowdPay.us, Inc. (“CrowdPay”) is a Crowdfunding platform used to facilitate a capital raise anywhere from $1,000,000 -$50,000,000 of various types of securities under Regulation D, Regulation Crowdfunding, Regulation A and the Securities Act of 1933. To date, the activities of this subsidiary have been nominal.</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">OmniSoft, Inc. (“OmniSoft”) operates a software platform for small merchants. The Omnicommerce applications work on an iPad, mobile device and the web and allow customers to sell a store’s products in a physical, retail setting. To date, the activities of this subsidiary have been nominal when compared to the overall business.</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">On May 14, 2021, the Company formed OLBit, Inc., a wholly-owned subsidiary (“OLBit”). The purpose of OLBit is to hold the Company’s assets and operate its business related to its emerging lending and transactional business leveraging the Company’s Bitcoin Business and Fintech Services business. To date, the activities of this subsidiary have been nominal.</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">On June 15, 2023, the Company entered into a Membership Interest Purchase Agreement (the “Agreement”) with SDI Black 001, LLC (“Seller”) whereby it acquired 80.01% of the membership interests of Cuentas SDI, LLC, a Florida limited liability company (the “LLC”). The LLC owns the platform of Black011.com and the network serving over 31,000 convenience stores (“Bodegas”) in and around New York and New Jersey (see Note 7).</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">On May 20, 2024, the Company entered into a Membership Interest Purchase Agreement (the “Agreement”) dated as of May 20, 2024 with Cuentas, Inc. (“Seller”) whereby it acquired the remaining 19.99% of the membership interests of SDI for a purchase price of $215,500. As a result, effective May 20, 2024 the Company owns 100% of SDI.</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 also provides ecommerce development and consulting services on a project-by-project basis.</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"><b><i><span style="text-decoration:underline">Bitcoin Mining Business:</span></i></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">On July 23, 2021, the Company formed DMINT, Inc., a wholly-owned subsidiary (“DMINT”). The purpose of DMINT is to operate its business related to Bitcoin mining (“Bitcoin Business”).</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">On June 24, 2022, the Company formed DMINT Real Estate Holdings, Inc., a wholly-owned subsidiary of DMINT. The purpose of DMINT Real Estate Holdings, Inc. is to buy and hold real estate related to DMINT. Currently, its only asset is the building and property located in Selmer, Tennessee where all of the mining computers are located.</p>
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NumberOfStores
31000 pure
us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Use of Estimates</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s accounting estimates include the collectability of receivables, useful lives of long-lived assets and recoverability of those assets, impairment in fair value of goodwill, valuation allowances for income taxes and stock-based compensation.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Reclassifications</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain reclassifications have been made to the prior year financial information to conform to the presentation used in the financial statements for the period ended June 30, 2024.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Concentration of Credit Risk</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially expose the Company to concentration of credit risk consist primarily of cash and accounts receivable. The Company’s cash is deposited with major financial institutions. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). As of June 30, 2024 and December 31, 2023, the Company had no cash in excess of the FDIC’s $250,000 coverage limit.</p>
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CashFDICInsuredAmount
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CashFDICInsuredAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
125246 shares
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CryptoAssetFairValue
592 usd
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CryptoAssetFairValue
312103 usd
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0.001
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us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
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100000 usd
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PropertyPlantAndEquipmentAdditions
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P7Y
olb Percentage Of Purchase Interest In Cuentas Sdillc
PercentageOfPurchaseInterestInCuentasSDILLC
0.8001 pure
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AllowanceForDoubtfulAccountsReceivable
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RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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Cash
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118000 usd
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AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
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NotesPayable
277000 usd
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DividendsPreferredStock
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us-gaap Proceeds From Operating Activities
ProceedsFromOperatingActivities
877000 usd
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TemporaryEquityAggregateAmountOfRedemptionRequirement
15000000 usd
CY2024Q1 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
0.03 pure
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3900000 usd
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FiniteLivedIntangibleAssetsNet
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us-gaap Adjustment For Amortization
AdjustmentForAmortization
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us-gaap Adjustment For Amortization
AdjustmentForAmortization
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CY2024Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
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CY2023Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
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us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
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PropertyPlantAndEquipmentGross
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2024Q2 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2023Q2 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
1599433 usd
CY2021Q3 us-gaap Capital Units Authorized
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165.27 shares
CY2021Q3 us-gaap Public Utilities Approved Equity Capital Structure Percentage
PublicUtilitiesApprovedEquityCapitalStructurePercentage
0.0111 pure
CY2021Q3 us-gaap Capital Units
CapitalUnits
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CY2023Q4 us-gaap Equity Securities Fv Ni
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273662 usd
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BusinessCombinationContingentConsiderationAssetCurrent
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CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesCashOverdraft
8050 usd
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesCustomerDeposits
45806 usd
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
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BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
23028 usd
CY2024Q2 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
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CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
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CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
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PercentageOfAcquisitionOfInterestInCuentasSDILLC
0.1999 pure
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PartnersCapitalAllocatedForIncomeTaxAndOtherWithdrawals
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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NotesPayableCurrent
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CY2024Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
2.95 pure
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.1
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
58000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
10000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.1
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
29000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
338750 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
132787 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33875 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
203249 usd
CY2020Q2 us-gaap Area Of Land
AreaOfLand
4277 sqft
CY2024Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P39M
us-gaap Payments For Rent
PaymentsForRent
315044 usd
CY2024Q2 us-gaap Security Deposit
SecurityDeposit
8768 usd
olb Lease And Rental Base Expense
LeaseAndRentalBaseExpense
8554 usd
CY2022Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
250000 usd
CY2022Q1 us-gaap Security Deposit
SecurityDeposit
8768 usd
CY2023Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
50000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
51101 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
67742 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
29029 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
25334 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1810200 shares
us-gaap Adjustments To Additional Paid In Capital Stock Split
AdjustmentsToAdditionalPaidInCapitalStockSplit
146 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
50000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
us-gaap Dividends Stock
DividendsStock
480887 usd
CY2023 us-gaap Dividends Stock
DividendsStock
418606 usd
CY2021Q4 olb Purchase Price Of Share
PurchasePriceOfShare
20000000 usd
CY2021Q4 olb Payment At Closing
PaymentAtClosing
16000000 usd
CY2021Q4 olb Amount Of Consideration Payable
AmountOfConsiderationPayable
2000000 usd
CY2021Q4 us-gaap Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
2000000 usd
CY2024Q2 us-gaap Construction Contractor Receivable Retainage
ConstructionContractorReceivableRetainage
100000 usd
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
444000 usd
CY2024Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
315000 usd
CY2021Q4 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
20000000 usd
CY2021Q4 olb Paid At Closing Amount
PaidAtClosingAmount
16000000 usd
CY2021Q4 us-gaap Payable Investment Purchase
PayableInvestmentPurchase
2000000 usd
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
2000000 usd
CY2024Q2 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
2000000 usd
CY2023Q4 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
2000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
usd
CY2024Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
usd
us-gaap Interest Expense Debt
InterestExpenseDebt
usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2024Q1 olb Adjustment For10 For1 Reverse Stock Split
AdjustmentFor10For1ReverseStockSplit
usd
us-gaap Operating Lease Payments
OperatingLeasePayments
usd
olb Unrealized Gain On Investment
UnrealizedGainOnInvestment
usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
usd
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
usd
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
olb Cancellation Of Operating Leases
CancellationOfOperatingLeases
usd
CY2024Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
usd
CY2024Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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
0001314196

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