2023 Q2 Form 10-Q Financial Statement
#000165495423006588 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $1.310M | $1.352M | $385.9K |
YoY Change | 266.12% | 250.26% | -24.99% |
Cost Of Revenue | $494.5K | $608.5K | $224.8K |
YoY Change | 137.6% | 170.73% | -1.94% |
Gross Profit | $815.6K | $743.2K | $161.2K |
YoY Change | 444.77% | 361.19% | -43.51% |
Gross Profit Margin | 62.26% | 54.98% | 41.76% |
Selling, General & Admin | $1.573M | $1.696M | $918.1K |
YoY Change | 15.6% | 84.77% | 101.12% |
% of Gross Profit | 192.85% | 228.25% | 569.71% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $190.1K | $171.0K | |
YoY Change | |||
% of Gross Profit | 23.31% | 23.01% | |
Operating Expenses | $2.124M | $2.094M | $918.1K |
YoY Change | 56.09% | 128.13% | 101.12% |
Operating Profit | -$1.308M | -$1.351M | -$756.9K |
YoY Change | 8.03% | 78.51% | 342.05% |
Interest Expense | $8.080K | $64.29K | $8.160K |
YoY Change | -7.97% | 687.87% | -46.94% |
% of Operating Profit | |||
Other Income/Expense, Net | $13.90K | $67.09K | $8.164K |
YoY Change | -149.3% | 721.79% | |
Pretax Income | -$1.294M | -$1.284M | -$748.8K |
YoY Change | 2.34% | 71.49% | 380.44% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.294M | -$1.284M | -$748.8K |
YoY Change | 2.34% | 71.49% | 380.44% |
Net Earnings / Revenue | -98.78% | -94.99% | -194.02% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.26 | -$0.26 | -$53.19K |
COMMON SHARES | |||
Basic Shares Outstanding | 5.110M shares | 5.110M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.052M | $4.664M | $1.231M |
YoY Change | 854.13% | 278.98% | |
Cash & Equivalents | $4.052M | $4.664M | $1.231M |
Short-Term Investments | |||
Other Short-Term Assets | $164.4K | $241.5K | $178.6K |
YoY Change | -22.25% | 35.23% | |
Inventory | $118.0K | $90.30K | $97.07K |
Prepaid Expenses | |||
Receivables | $106.4K | $115.0K | $29.41K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $4.441M | $5.110M | $1.536M |
YoY Change | 467.92% | 232.79% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | $4.244M | $4.220M | |
YoY Change | |||
Intangibles | $4.185M | $4.556M | |
YoY Change | |||
Long-Term Investments | $277.2K | $278.8K | $443.0K |
YoY Change | -36.89% | -37.06% | |
Other Assets | $129.5K | $127.8K | $135.1K |
YoY Change | -6.67% | -5.39% | |
Total Long-Term Assets | $8.990M | $9.336M | $1.966M |
YoY Change | 376.6% | 374.78% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.441M | $5.110M | $1.536M |
Total Long-Term Assets | $8.990M | $9.336M | $1.966M |
Total Assets | $13.43M | $14.45M | $3.502M |
YoY Change | 403.37% | 312.52% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $352.2K | $342.7K | $261.8K |
YoY Change | 19.32% | 30.89% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $19.22K | $48.63K | $6.660K |
YoY Change | -53.53% | 630.18% | |
Long-Term Debt Due | $2.416M | $2.416M | $17.32K |
YoY Change | 13851.04% | 13851.04% | |
Total Short-Term Liabilities | $3.142M | $3.083M | $570.4K |
YoY Change | 406.56% | 440.53% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.142M | $3.083M | $570.4K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $3.142M | $3.083M | $570.4K |
YoY Change | 406.56% | 440.53% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$10.26M | -$8.916M | |
YoY Change | |||
Common Stock | $418.2K | $418.2K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.29M | $11.36M | $2.932M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $13.43M | $14.45M | $3.502M |
YoY Change | 403.37% | 312.52% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.294M | -$1.284M | -$748.8K |
YoY Change | 2.34% | 71.49% | 380.44% |
Depreciation, Depletion And Amortization | $190.1K | $171.0K | |
YoY Change | |||
Cash From Operating Activities | -$534.2K | -$1.022M | -$542.5K |
YoY Change | -48.17% | 88.4% | 3146.32% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | -100.0% | ||
Acquisitions | $850.0K | $0.00 | |
YoY Change | |||
Other Investing Activities | $0.00 | -$850.0K | -$22.50K |
YoY Change | -100.0% | 3677.78% | 59.46% |
Cash From Investing Activities | $0.00 | -$850.0K | -$22.50K |
YoY Change | -100.0% | 3677.78% | -96.85% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $74.99K | $2.968K | |
YoY Change | 2426.75% | ||
Common Stock Issuance & Retirement, Net | $130.0K | ||
YoY Change | -75.1% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -63.47K | -$135.3K | 85.18K |
YoY Change | -135.42% | -258.87% | -80.06% |
NET CHANGE | |||
Cash From Operating Activities | -534.2K | -$1.022M | -542.5K |
Cash From Investing Activities | 0.000 | -$850.0K | -22.50K |
Cash From Financing Activities | -63.47K | -$135.3K | 85.18K |
Net Change In Cash | -597.7K | -$2.038M | -479.8K |
YoY Change | -25.83% | 324.69% | 58.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$534.2K | -$1.022M | -$542.5K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$542.5K | ||
YoY Change | -179.39% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Deferred Sales Inducements Additions
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|
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Revenues
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|
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Revenues
Revenues
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Investment Company Total Return
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|
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Effective Income Tax Rate Reconciliation Beat Percent
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|
0.50 | pure |
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Finite Lived Intangible Assets Accumulated Amortization
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|
2556358 | usd |
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Dividends
Dividends
|
43120 | usd |
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Payments Of Dividends
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|
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Payments Of Dividends
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Revenue In Joint Venture
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|
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Net Investment Income
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|
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Net Investment Income
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Finite Lived Intangible Assets Net
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|
4556071 | usd |
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Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
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Selling Intellectual Property
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|
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Management Fee Payable
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|
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Selling Intellectual Property
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Selling Intellectual Property
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|
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Disposal Group Deferred Gain On Disposal
DisposalGroupDeferredGainOnDisposal
|
34306 | usd |
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Related Party Costs
RelatedPartyCosts
|
7392 | usd |
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Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
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|
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Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
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|
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Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
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Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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|
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Finite Lived Intangible Assets Amortization Expense Year Two
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|
756419 | usd |
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Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
629571 | usd |
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Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
186562 | usd |
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Unpaid Dividends
UnpaidDividends
|
54404 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
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Common Stock Shares Authorized
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|
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Description Of Additional Warrants
DescriptionOfAdditionalWarrants
|
On August 29, 2022, the underwriter partially exercised this option and purchased 609,750 additional warrants at the purchase price of $.01 per warrant for aggregate gross proceeds of $6,097.50 | |
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Payments For Repurchase Of Warrants
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|
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Proceeds From Warrant Exercises
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|
5500 | usd |
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Public Utilities Interim Rate Increase Decrease Percentage
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|
1.10 | pure |
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|
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Employee Benefits And Share Based Compensation
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|
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Dividends Share Based Compensation
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|
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Stock Based Compensation Shares
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|
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Share Based Compensation1
ShareBasedCompensation1
|
10000 | usd |
CY2023Q1 | onfolio |
Shares Issued Worth Of Shares Per To Director Value
SharesIssuedWorthOfSharesPerToDirectorValue
|
2500 | usd |
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Cash Issued To Director
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|
5000 | usd |
CY2023Q1 | onfolio |
Weighted Average Grant Date Fair Value Granted
WeightedAverageGrantDateFairValueGranted
|
0 | |
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Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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|
0 | |
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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Weighted Average Grant Date Fair Valueending
WeightedAverageGrantDateFairValueending
|
4.37 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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|
6.33 | |
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Cash
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82490 | usd |
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Entity Central Index Key
EntityCentralIndexKey
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Amendment Flag
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false | |
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|
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Q1 | |
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2023 | |
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Common Stock Shares Authorized
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|
5110195 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
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|
5110195 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
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|
5110195 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
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|
5000000 | shares |
CY2022Q1 | us-gaap |
Investment Company Total Return
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|
0.1 | pure |
CY2022Q1 | us-gaap |
Dividends Share Based Compensation
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|
191664 | usd |
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Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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|
5.95 | |
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Preferred Stock Shares Outstanding
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|
69660 | shares |
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|
P8M30D | |
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Short Term Debt Interest Rate Increase
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|
0.0123 | pure |
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Policyholder Dividends Rate On Policy Earnings
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|
0 | pure |
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Debt Conversion Converted Instrument Warrants Or Options Issued1
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|
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Fair Value Option Credit Risk Gains Losses On Assets
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|
363000 | usd |
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Option Indexed To Issuers Equity Shares
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|
23100 | shares |
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Officers Compensation
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|
138908 | usd |
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Due To Related Parties Included In Current Liabilities
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|
36854 | usd |
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Document Type
DocumentType
|
10-Q | |
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Document Quarterly Report
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true | |
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Document Period End Date
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|
2023-03-31 | |
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Document Transition Report
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false | |
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Entity File Number
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|
001-41466 | |
CY2023Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
ONFOLIO HOLDINGS, INC. | |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2023Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
37-1978697 | |
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Entity Address Address Line1
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|
1007 North Orange Street, 4th Floor | |
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|
Wilmington | |
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DE | |
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Entity Address Postal Zip Code
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19801 | |
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682 | |
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|
990-6920 | |
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Security12b Title
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|
Common stock, $0.001 par value | |
CY2023Q1 | dei |
Trading Symbol
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|
ONFO | |
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Security Exchange Name
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|
NASDAQ | |
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Entity Current Reporting Status
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|
Yes | |
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Entity Interactive Data Current
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Yes | |
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Non-accelerated Filer | |
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Intangible Assets Net Excluding Goodwill
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3864618 | usd |
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Goodwill
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|
2456323 | usd |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
48627 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
68959 | usd |
CY2023Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
60000 | usd |
CY2022Q4 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
60000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
185238 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
113251 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3083301 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3303391 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
3083301 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
3303391 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5110195 | shares |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
5110 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5110 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
20184129 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
19950774 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
89490 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
96971 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-8915590 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-7580490 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11363209 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12472435 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14446510 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15775826 | usd |
CY2023Q1 | onfolio |
Revenue Services
RevenueServices
|
392401 | usd |
CY2022Q1 | onfolio |
Revenue Services
RevenueServices
|
117987 | usd |
CY2023Q1 | onfolio |
Revenue Product Sales
RevenueProductSales
|
959333 | usd |
CY2022Q1 | onfolio |
Revenue Product Sales
RevenueProductSales
|
267936 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
1351734 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
385923 | usd |
CY2023Q1 | onfolio |
Cost Of Revenue Services
CostOfRevenueServices
|
273313 | usd |
CY2022Q1 | onfolio |
Cost Of Revenue Services
CostOfRevenueServices
|
128339 | usd |
CY2023Q1 | onfolio |
Cost Of Revenue Product Sales
CostOfRevenueProductSales
|
335208 | usd |
CY2022Q1 | onfolio |
Cost Of Revenue Product Sales
CostOfRevenueProductSales
|
96431 | usd |
CY2023Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
608521 | usd |
CY2022Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
224770 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
743213 | usd |
CY2022Q1 | us-gaap |
Gross Profit
GrossProfit
|
161153 | usd |
CY2023Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1696380 | usd |
CY2022Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
797490 | usd |
CY2023Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
247385 | usd |
CY2022Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
43432 | usd |
CY2023Q1 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
150614 | usd |
CY2022Q1 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
77161 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2094379 | usd |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
918083 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1351166 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-756930 | usd |
CY2023Q1 | onfolio |
Equity Method Income
EquityMethodIncome
|
6888 | usd |
CY2022Q1 | onfolio |
Equity Method Income
EquityMethodIncome
|
10179 | usd |
CY2023Q1 | us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
1269 | usd |
CY2022Q1 | us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
385 | usd |
CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
56132 | usd |
CY2022Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-2400 | usd |
CY2023Q1 | us-gaap |
Other Income
OtherIncome
|
2802 | usd |
CY2023Q1 | onfolio |
Proceeds From Sale Of Series A Preferred Stock
ProceedsFromSaleOfSeriesAPreferredStock
|
0 | usd |
CY2022Q1 | us-gaap |
Other Income
OtherIncome
|
0 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
67091 | usd |
CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
8164 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1284075 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-748766 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1284075 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-748766 | usd |
CY2023Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
51025 | usd |
CY2022Q1 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
43120 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1335100 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-791886 | usd |
CY2023Q1 | onfolio |
Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
|
-0.26 | |
CY2022Q1 | onfolio |
Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
|
-0.34 | |
CY2023Q1 | onfolio |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
5110196 | shares |
CY2022Q1 | onfolio |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
2354049 | shares |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
233355 | usd |
CY2023Q1 | onfolio |
Preferred Dividends
PreferredDividends
|
-51025 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-7481 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-1284075 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11363209 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3373805 | usd |
CY2022Q1 | onfolio |
Preferred Shares For Cash Amount
PreferredSharesForCashAmount
|
130000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
219660 | usd |
CY2022Q1 | onfolio |
Preferred Dividends
PreferredDividends
|
-43120 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-748766 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2931579 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-1284075 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-748766 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
233355 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
219660 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
6888 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
10179 | usd |
CY2023Q1 | onfolio |
Dividends Received From Equity Method Investment
DividendsReceivedFromEquityMethodInvestment
|
-8377 | usd |
CY2022Q1 | onfolio |
Dividends Received From Equity Method Investment
DividendsReceivedFromEquityMethodInvestment
|
-7426 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
170996 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-22636 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
14782 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-14828 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1328 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
29275 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
18767 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-207776 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
39262 | usd |
CY2023Q1 | onfolio |
Increase Decrease In Due To Joint Ventures
IncreaseDecreaseInDueToJointVentures
|
-16134 | usd |
CY2022Q1 | onfolio |
Increase Decrease In Due To Joint Ventures
IncreaseDecreaseInDueToJointVentures
|
-33142 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
71987 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
15980 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
0 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-480 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1021969 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-542460 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
850000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
0 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
22500 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-850000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22500 | usd |
CY2022Q1 | onfolio |
Proceeds From Sale Of Series A Preferred Stock
ProceedsFromSaleOfSeriesAPreferredStock
|
130000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
74994 | usd |
CY2022Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2968 | usd |
CY2023Q1 | onfolio |
Payment Of Contribution To Joint Venture Note Payable
PaymentOfContributionToJointVentureNotePayable
|
0 | usd |
CY2022Q1 | onfolio |
Payment Of Contribution To Joint Venture Note Payable
PaymentOfContributionToJointVentureNotePayable
|
20000 | usd |
CY2023Q1 | onfolio |
Payments On Acquisition Note Payable
PaymentsOnAcquisitionNotePayable
|
40000 | usd |
CY2022Q1 | onfolio |
Payments On Acquisition Note Payable
PaymentsOnAcquisitionNotePayable
|
0 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
20332 | usd |
CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
21855 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-135326 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
85177 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-30305 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2037600 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-479783 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6701122 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1710318 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4663522 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1230535 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
18836 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2400 | usd |
CY2022Q3 | onfolio |
Description Of Dominic Wells
DescriptionOfDominicWells
|
the Company issued 2,000,000 shares to Dominic Wells, the Company’s CEO in exchange for 100% of the membership interest of Onfolio LLC | |
CY2023Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
266601 | usd |
CY2023Q1 | us-gaap |
Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
|
0.50 | pure |
CY2023Q1 | us-gaap |
Investment Company Total Return Payment To Fund By Affiliate
InvestmentCompanyTotalReturnPaymentToFundByAffiliate
|
0.358 | pure |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. The Company uses significant judgements when making estimates related to the assessment of control over variable interest entities, valuation of deferred tax assets and impairment of long lived assets. Actual results could differ from those estimates.</p> | |
CY2023Q1 | onfolio |
Deferred Revenues
DeferredRevenues
|
185238 | usd |
CY2023Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
40612 | usd |
CY2022Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
66102 | usd |
CY2022Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
51886 | usd |
CY2023Q1 | us-gaap |
Production Costs
ProductionCosts
|
126711 | usd |
CY2022Q1 | us-gaap |
Production Costs
ProductionCosts
|
129908 | usd |
CY2023Q1 | us-gaap |
Deferred Sales Inducements Additions
DeferredSalesInducementsAdditions
|
917810 | usd |
CY2023Q1 | onfolio |
Cost Of Revenue Policytextblock
CostOfRevenuePolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Cost of product revenue consists primarily of costs associated with the acquisition and shipment of products being sold through the Company’s online marketplaces, and the costs of its service revenue, which include website content creation costs including contract labor, service fulfillment, domain and hosting costs and certain software costs related to website operations.</p> | |
CY2023Q1 | onfolio |
Expected Dividendspolicytextblock
ExpectedDividendspolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Expected Dividends. - </span>We have never declared or paid any cash dividends on our common stock and do not expect to do so in the foreseeable future. Accordingly, we use an expected dividend yield of zero to calculate the grant-date fair value of a stock option.</p> | |
CY2023Q1 | onfolio |
Expected Volatilitypolicytextblock
ExpectedVolatilitypolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Expected Volatility. - </span>The expected volatility is a measure of the amount by which our stock price is expected to fluctuate during the expected term of options granted. We determine the expected volatility solely based upon the historical volatility of a peer group of companies of similar size and with similar operations.</p> | |
CY2023Q1 | onfolio |
Risk Free Interest Ratepolicytextblock
RiskFreeInterestRatepolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Risk-Free Interest Rate. </span> - The risk-free interest rate is the implied yield available on U.S. Treasury <em>zero</em>-coupon issues with a remaining term equal to the option’s expected term on the grant date.</p> | |
CY2023Q1 | onfolio |
Expected Termpolicytextblock
ExpectedTermpolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Expected Term. </span>The expected life of stock options granted is based on the actual vesting date and the end of the contractual term.</p> | |
CY2023Q1 | onfolio |
Stock Option Exercise Price And Grant Date Price Of Common Stockpolicytextblock
StockOptionExercisePriceAndGrantDatePriceOfCommonStockpolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="text-decoration:underline">Stock Option Exercise Price and Grant Date Price of Common Stock. -</span> Currently the Company utilizes the most recent cash sale closing price of its common stock as the most reasonable indication of fair value.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company accounts for compensation cost for stock option plans and for share based payments to non-employees in accordance with ASC 505, “Accounting for Equity Instruments Issued to Non-Employees for Acquiring, or in Conjunction with Selling, Goods or Services“. Share-based awards to non-employees are expensed over the period in which the related services are rendered at their fair value.</p> | |
CY2023Q1 | onfolio |
Revenue In Joint Venture
RevenueInJointVenture
|
22210 | usd |
CY2023Q1 | us-gaap |
Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
|
85000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P4Y | |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
742728 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
332966 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
12860 | shares |
CY2022 | onfolio |
Proceeds From Customers1
ProceedsFromCustomers1
|
321500 | usd |
CY2021 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
56600 | shares |
CY2021 | onfolio |
Proceeds From Customers1
ProceedsFromCustomers1
|
1415000 | usd |
CY2023Q1 | us-gaap |
Dividends
Dividends
|
51025 | usd |
CY2023Q1 | onfolio |
Unpaid Dividends
UnpaidDividends
|
30435 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
2753750 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
413063 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
826126 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
|
0.15 | pure |
CY2023Q1 | onfolio |
Shares Awarded To The Company Board Of Directors
SharesAwardedToTheCompanyBoardOfDirectors
|
2800 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
59850 | shares |
CY2022Q4 | onfolio |
Weighted Average Grant Date Fair Valueending
WeightedAverageGrantDateFairValueending
|
4.15 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.11 | |
CY2023Q1 | onfolio |
Weighted Average Grant Date Fair Value Exercised
WeightedAverageGrantDateFairValueExercised
|
0 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
22661 | shares |
CY2023Q1 | onfolio |
Weighted Average Grant Date Fair Value Forfeited And Cancelled
WeightedAverageGrantDateFairValueForfeitedAndCancelled
|
-3.69 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
13.68 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
23406 | shares |
CY2023Q1 | onfolio |
Weighted Average Grant Date Fair Valueexercisable
WeightedAverageGrantDateFairValueexercisable
|
4.37 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.27 | |
CY2023Q1 | us-gaap |
Net Amount At Risk By Product And Guarantee Weighted Average Period Remaining1
NetAmountAtRiskByProductAndGuaranteeWeightedAveragePeriodRemaining1
|
P4Y4M24D | |
CY2023Q1 | onfolio |
Due From Related Parties Included In Non Current Assets
DueFromRelatedPartiesIncludedInNonCurrentAssets
|
91000 | usd |
CY2022Q4 | onfolio |
Due From Related Parties Included In Non Current Assets
DueFromRelatedPartiesIncludedInNonCurrentAssets
|
74866 | usd |
CY2023Q1 | onfolio |
Due To Related Parties Included In Current Liabilities
DueToRelatedPartiesIncludedInCurrentLiabilities
|
36854 | usd |
CY2022Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
73000 | usd |
CY2022Q4 | us-gaap |
Public Utilities Approved Rate Increase Decrease Percentage
PublicUtilitiesApprovedRateIncreaseDecreasePercentage
|
0.17 | pure |
CY2023Q1 | onfolio |
Company Owed
CompanyOwed
|
48627 | usd |
CY2022Q4 | onfolio |
Company Owed
CompanyOwed
|
68959 | usd |