2023 Q1 Form 10-Q Financial Statement
#000149315223019230 Filed on May 26, 2023
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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-128921 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
504136 | usd |
CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
504136 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-67519 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-67519 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
375215 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
376287 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
71456902 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
91163569 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1374614 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-67519 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1442133 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6331778 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6331778 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
100000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
100000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
375215 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6806993 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6806993 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-67519 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
375215 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
1541 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
1600 | usd |
CY2023Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
26414 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
504136 | usd |
CY2023Q1 | PNPL |
Increase Decrease In Prepaid Expense And Security Deposits
IncreaseDecreaseInPrepaidExpenseAndSecurityDeposits
|
-37000 | usd |
CY2023Q1 | PNPL |
Increase Decrease In Lease Receivable
IncreaseDecreaseInLeaseReceivable
|
45600 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
578 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
26178 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
4231 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-26414 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
148000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
93283 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3629 | usd |
CY2022Q1 | us-gaap |
Payments For Other Deposits
PaymentsForOtherDeposits
|
95000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-95000 | usd |
CY2022Q1 | PNPL |
Proceeds From Stock Subscription Received
ProceedsFromStockSubscriptionReceived
|
100000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
2650 | usd |
CY2022Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
4000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
98650 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
21 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
21 | usd |
CY2023Q1 | PNPL |
Recognition Of Rightofuse Assets
RecognitionOfRightofuseAssets
|
616043 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
150000 | usd |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2023Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1983-08-03 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
|
20000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0000001 | |
CY2022Q3 | us-gaap |
Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
|
10000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
10000 | usd |
CY2022 | us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
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 |