2023 Q1 Form 10-Q Financial Statement

#000149315223019230 Filed on May 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $45.60K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $111.6K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.541K $1.600K
YoY Change -3.69%
% of Gross Profit
Operating Expenses $113.1K $128.9K
YoY Change -12.26%
Operating Profit -$67.52K -$128.9K
YoY Change -47.63%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $504.1K
YoY Change
Pretax Income -$67.52K $375.2K
YoY Change -117.99%
Income Tax
% Of Pretax Income
Net Earnings -$67.52K $375.2K
YoY Change -117.99% -191.64%
Net Earnings / Revenue -148.07%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 91.16M shares 91.16M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $0.00 $21.00
Short-Term Investments $0.00
Other Short-Term Assets
YoY Change
Inventory $27.34K
Prepaid Expenses $5.000K
Receivables
Other Receivables
Total Short-Term Assets $50.60K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $817.00 $2.358K
YoY Change -72.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $622.4K $2.358K
YoY Change -99.97%
TOTAL ASSETS
Total Short-Term Assets $50.60K
Total Long-Term Assets $622.4K $2.358K
Total Assets $673.0K $2.358K
YoY Change -99.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.50K $31.50K
YoY Change
Accrued Expenses $6.770K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.69K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.635M $1.377M
YoY Change -55.07%
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 $1.635M $1.377M
Total Long-Term Liabilities $0.00
Total Liabilities $2.115M $1.377M
YoY Change -55.07%
SHAREHOLDERS EQUITY
Retained Earnings -$23.60M -$23.53M
YoY Change 50.13%
Common Stock $7.00 $7.00
YoY Change -22.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.442M -$1.375M $6.807M
YoY Change
Total Liabilities & Shareholders Equity $673.0K $2.358K
YoY Change -99.97%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income -$67.52K $375.2K
YoY Change -117.99% -191.64%
Depreciation, Depletion And Amortization $1.541K $1.600K
YoY Change -3.69%
Cash From Operating Activities -$3.629K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
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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386287 usd
CY2023Q1 PNPL Operating Lease Non Current Discount Rate
OperatingLeaseNonCurrentDiscountRate
0.0650 pure
CY2023Q1 PNPL Operating Lease Non Current Term
OperatingLeaseNonCurrentTerm
2027
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
479714 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zTaypSlwTrn7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i><span id="xdx_867_zdW4pW4MUAUf">Use of Estimates in Financial Reporting</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">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 IBR used for leases 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: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5000 usd
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
32000 usd
CY2023Q1 PNPL Increase Decrease In Prepaid Expense And Security Deposits
IncreaseDecreaseInPrepaidExpenseAndSecurityDeposits
-37000 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
504136 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
589629 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
616043 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23596219 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-67519 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
55473 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
55473 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
54656 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53115 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
817 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2358 usd
CY2023Q1 us-gaap Depreciation
Depreciation
1541 usd
CY2022Q1 us-gaap Depreciation
Depreciation
1600 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
36000 usd
CY2023Q1 PNPL Imputed Interest Operating Lease
ImputedInterestOperatingLease
9586 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
589629 usd
CY2023Q1 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
615000 usd
CY2022Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
615000 usd
CY2023Q1 PNPL Management Consulting Fees Related Parties
ManagementConsultingFeesRelatedParties
75000 usd
CY2022Q1 PNPL Management Consulting Fees Related Parties
ManagementConsultingFeesRelatedParties
59000 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
148000 usd
CY2023Q1 PNPL Operating Lease Current Discount Rate
OperatingLeaseCurrentDiscountRate
0.0650 pure
CY2023Q1 PNPL Operating Lease Current Term
OperatingLeaseCurrentTerm
2027
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
109915 usd
CY2023Q1 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
12000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
108000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
144000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
144000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
144000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
144000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
684000 usd
CY2023Q1 PNPL Imputed Interest Lease Liability
ImputedInterestLeaseLiability
94371 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
589629 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
616043 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
26414 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
589629 usd
CY2023Q1 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
16000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
45600 usd
CY2023Q1 PNPL Advances On Agreements Current
AdvancesOnAgreementsCurrent
169000 usd
CY2022Q4 PNPL Advances On Agreements Current
AdvancesOnAgreementsCurrent
169000 usd
CY2023Q1 us-gaap Payments For Rent
PaymentsForRent
3750 usd
CY2023Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
525000000 shares
CY2023Q1 PNPL Capital Stock Par Value
CapitalStockParValue
0.0000001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q1 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
150000 usd
CY2022Q1 PNPL Proceeds From Stock Subscription Received
ProceedsFromStockSubscriptionReceived
100000 usd
CY2022Q1 PNPL Stock Subscription Received Shares
StockSubscriptionReceivedShares
400000 shares
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.25
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71763569 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71763569 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71163569 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71163569 shares
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2500000 shares
CY2023Q1 PNPL Escalation Rate
EscalationRate
0.04 pure

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