2022 Q3 Form 10-Q Financial Statement
#000149315222023571 Filed on August 19, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | $268.00 | $336.00 | |
YoY Change | |||
Gross Profit | $63.00 | $304.00 | |
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $933.00 | $1.598K | $1.600K |
YoY Change | -39.45% | 3.7% | |
% of Gross Profit | 1480.95% | 525.66% | |
Operating Expenses | $126.0K | $129.7K | $128.9K |
YoY Change | -1.98% | -34.42% | |
Operating Profit | -$126.0K | -$129.7K | -$128.9K |
YoY Change | -1.98% | -34.42% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$9.643M | $267.2K | $504.1K |
YoY Change | 4132.85% | -195.74% | |
Pretax Income | -$9.769M | $137.5K | $375.2K |
YoY Change | 2641.18% | -128.83% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$9.769M | $137.5K | $375.2K |
YoY Change | 2641.18% | -128.83% | -191.64% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.11 | $0.00 | $0.00 |
Diluted Earnings Per Share | -$0.11 | $0.00 | |
COMMON SHARES | |||
Basic Shares Outstanding | 91.16M shares | 91.16M shares | 91.16M shares |
Diluted Shares Outstanding | 91.16M shares | 91.16M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $0.00 | ||
YoY Change | |||
Cash & Equivalents | $21.00 | ||
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.395K | $5.328K | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $10.03M | ||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $4.395K | $10.03M | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | $4.395K | $10.03M | |
Total Assets | $4.395K | $10.03M | |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $414.6K | ||
YoY Change | |||
Accrued Expenses | $6.770K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $783.6K | ||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.779M | $3.041M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | ||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.779M | $3.041M | |
Total Long-Term Liabilities | $0.00 | ||
Total Liabilities | $2.779M | $3.041M | |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$24.93M | -$15.16M | |
YoY Change | |||
Common Stock | $9.00 | $9.00 | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.775M | $6.994M | $6.807M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.395K | $10.03M | |
YoY Change |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.769M | $137.5K | $375.2K |
YoY Change | 2641.18% | -128.83% | -191.64% |
Depreciation, Depletion And Amortization | $933.00 | $1.598K | $1.600K |
YoY Change | -39.45% | 3.7% | |
Cash From Operating Activities | -$3.629K | ||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$95.00K | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $98.65K | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -$3.629K | ||
Cash From Investing Activities | -$95.00K | ||
Cash From Financing Activities | $98.65K | ||
Net Change In Cash | $21.00 | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.629K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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PINEAPPLE, INC. | ||
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Suite 420 | ||
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Los Angeles | ||
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|
6994481 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6729597 | usd |
CY2021Q1 | PNPL |
Common Stock Subscription Received
CommonStockSubscriptionReceived
|
147000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-409430 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6467167 | usd |
CY2021Q2 | PNPL |
Common Stock Subscription Received
CommonStockSubscriptionReceived
|
35000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
102000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-476955 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-476955 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6127212 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
512705 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-886385 | usd | |
us-gaap |
Depreciation
Depreciation
|
3196 | usd | |
us-gaap |
Depreciation
Depreciation
|
3082 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
35000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
741364 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-562304 | usd | |
PNPL |
Gain Loss On Forgiveness Of Related Party Note Payable
GainLossOnForgivenessOfRelatedPartyNotePayable
|
30000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
26351 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-101946 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
35750 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
136159 | usd | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
91177 | usd | |
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
179161 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-102185 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-72625 | usd | |
PNPL |
Proceeds From Stock Subscription Received
ProceedsFromStockSubscriptionReceived
|
150000 | usd | |
PNPL |
Proceeds From Stock Subscription Received
ProceedsFromStockSubscriptionReceived
|
249000 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
4185 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
9825 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
52000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
186200 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
102185 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
72625 | usd | |
PNPL |
Liabilities Settled By Affiliate
LiabilitiesSettledByAffiliate
|
35548 | usd | |
PNPL |
Common Stock Issued For Services
CommonStockIssuedForServices
|
35000 | usd | |
PNPL |
Gain On Forgiveness Of Related Party Note Payable
GainOnForgivenessOfRelatedPartyNotePayable
|
30000 | usd | |
PNPL |
Termination Of Stock Purchase Agreement
TerminationOfStockPurchaseAgreement
|
100000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_849_eus-gaap--UseOfEstimates_zVl0xnGaNG2e" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86D_z6jSbaWpV1Ti">Use of Estimates in Financial Reporting</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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, 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. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
46949 | usd |
CY2022Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
10029661 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
744652 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
886918 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | shares |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5328 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8524 | usd |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
1598 | usd |
us-gaap |
Depreciation
Depreciation
|
3196 | usd | |
CY2022Q2 | us-gaap |
Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
150000 | usd |
CY2022Q1 | PNPL |
Common Stock Share Subscribed But Unissued Subscriptions Receivable Shares
CommonStockShareSubscribedButUnissuedSubscriptionsReceivableShares
|
400000 | shares |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15159605 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
512705 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-102185 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
150000 | usd | |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
55473 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
55473 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
50145 | usd |
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
1541 | usd |
us-gaap |
Depreciation
Depreciation
|
3082 | usd | |
CY2022Q2 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
11000000 | usd |
CY2022Q2 | PNPL |
Investment Owned Subject To Option Exercise Price
InvestmentOwnedSubjectToOptionExercisePrice
|
0.55 | |
us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
741364 | usd | |
CY2022Q2 | PNPL |
Settlement Payable Related Party Current
SettlementPayableRelatedPartyCurrent
|
615000 | usd |
CY2021Q4 | PNPL |
Settlement Payable Related Party Current
SettlementPayableRelatedPartyCurrent
|
615000 | usd |
CY2022Q2 | PNPL |
Advances On Agreements Current
AdvancesOnAgreementsCurrent
|
169000 | usd |
CY2021Q4 | PNPL |
Advances On Agreements Current
AdvancesOnAgreementsCurrent
|
169000 | usd |
us-gaap |
Payments For Rent
PaymentsForRent
|
3750 | usd | |
CY2022Q2 | us-gaap |
Capital Units Authorized
CapitalUnitsAuthorized
|
525000000 | shares |
CY2022Q2 | PNPL |
Capital Stock Par Value
CapitalStockParValue
|
0.0000001 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
91163569 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
91163569 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
91163569 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
91163569 | shares |
CY2021Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
2490000 | shares |
us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
2490000 | shares | |
CY2021Q2 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
249000 | usd |
us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
249000 | usd | |
CY2022Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.25 | |
CY2022Q2 | PNPL |
Common Stock Share Subscribed But Unissued Subscriptions Receivable Shares
CommonStockShareSubscribedButUnissuedSubscriptionsReceivableShares
|
100000 | shares |
CY2022Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.50 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Subscribed But Unissued Value
PreferredStockSharesSubscribedButUnissuedValue
|
150000 | usd |