2023 Q3 Form 10-Q Financial Statement

#000149315223033150 Filed on September 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $90.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit -$369.9K -$280.2K
YoY Change -587252.38% -92282.24%
Gross Profit Margin -411006.67%
Selling, General & Admin $146.6K $131.2K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $820.00
YoY Change -100.0% -48.69%
% of Gross Profit
Operating Expenses $146.6K $132.0K
YoY Change 16.33% 1.75%
Operating Profit -$516.5K -$412.2K
YoY Change 309.85% 217.75%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$27.34K
YoY Change -110.23%
Pretax Income -$516.5K -$439.6K
YoY Change -94.71% -419.72%
Income Tax
% Of Pretax Income
Net Earnings -$516.5K -$439.6K
YoY Change -94.71% -419.72%
Net Earnings / Revenue -573900.0%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 73.10M shares 71.76M shares
Diluted Shares Outstanding 73.10M shares 72.04M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.510K $0.00
YoY Change
Cash & Equivalents $1.509K $0.00
Short-Term Investments $0.00
Other Short-Term Assets
YoY Change
Inventory $4.710K $27.34K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.710K $54.01K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.358K
YoY Change -72.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $270.3K
YoY Change -97.31%
Other Assets
YoY Change
Total Long-Term Assets $8.106M $6.511M $2.358K
YoY Change 184327.53% -35.12% -99.97%
TOTAL ASSETS
Total Short-Term Assets $4.710K $54.01K
Total Long-Term Assets $8.106M $6.511M $2.358K
Total Assets $8.110M $6.565M $2.358K
YoY Change 184434.7% -34.58% -99.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $430.5K $31.50K
YoY Change
Accrued Expenses $1.049M $6.770K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $66.57K $50.69K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.925M $3.034M $1.377M
YoY Change 41.24% -0.22% -55.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.338M
YoY Change
Total Long-Term Liabilities $5.338M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.925M $3.034M $1.377M
Total Long-Term Liabilities $5.338M $0.00
Total Liabilities $10.43M $8.372M $1.377M
YoY Change 275.4% 175.33% -55.07%
SHAREHOLDERS EQUITY
Retained Earnings -$24.56M -$24.05M -$23.53M
YoY Change -1.47% 58.62% 50.13%
Common Stock $7.00 $7.00 $7.00
YoY Change -22.22% -22.22% -22.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.323M -$1.807M -$1.375M
YoY Change
Total Liabilities & Shareholders Equity $8.110M $6.565M $2.358K
YoY Change 184434.7% -34.58% -99.97%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income -$516.5K -$439.6K
YoY Change -94.71% -419.72%
Depreciation, Depletion And Amortization $0.00 $820.00
YoY Change -100.0% -48.69%
Cash From Operating Activities $121.2K -$58.05K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 -122.7K 59.56K
YoY Change
NET CHANGE
Cash From Operating Activities 121.2K -58.05K
Cash From Investing Activities
Cash From Financing Activities -122.7K 59.56K
Net Change In Cash -1.510K 1.510K
YoY Change
FREE CASH FLOW
Cash From Operating Activities $121.2K -$58.05K
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Earnings Per Share Basic
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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PNPL Recognition Of Rightofuse Assets
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us-gaap Stock Issued1
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dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Incorporation Date Of Incorporation
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1983-08-03
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us-gaap Use Of Estimates
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<p id="xdx_84B_eus-gaap--UseOfEstimates_z0dej0l5Qptd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i><span id="xdx_863_z9JaNGVpabIc">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; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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, Incremental borrowing rate (“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-top: 0pt; margin-bottom: 0pt; margin-left: 0"> </p>
us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_842_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z8Xs4ZQkIPS9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86D_zcQ2acPuyO7h">Reclassifications</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior period amounts have been reclassified to conform with the current period presentation. (Note 12)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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us-gaap Depreciation
Depreciation
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us-gaap Operating Lease Payments
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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us-gaap Lease Cost
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CY2022Q4 PNPL Advances On Agreements Current
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us-gaap Payments For Rent
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CY2023Q2 us-gaap Capital Units Authorized
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CY2023Q2 PNPL Capital Stock Par Value
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CY2023Q2 us-gaap Preferred Stock Shares Authorized
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us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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CY2023Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2023Q2 us-gaap Shares Issued Price Per Share
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PNPL Stock Subscription Received Shares
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us-gaap Cost Of Revenue
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us-gaap Gross Profit
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us-gaap Operating Income Loss
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CY2022Q2 PNPL Gain Loss On Forgiveness Of Related Party Note Payable
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CY2022Q2 us-gaap Other Nonoperating Income Expense
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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95891 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-102295 usd
PNPL Proceeds From Stock Subscription Received
ProceedsFromStockSubscriptionReceived
150000 usd
PNPL Proceeds From Related Party Notes Payable
ProceedsFromRelatedPartyNotesPayable
4295 usd
PNPL Repayments Of Related Party Notes Payable
RepaymentsOfRelatedPartyNotesPayable
52000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
102295 usd

Files In Submission

Name View Source Status
pnpl-20230630_cal.xml Edgar Link unprocessable
0001493152-23-033150-index-headers.html Edgar Link pending
0001493152-23-033150-index.html Edgar Link pending
0001493152-23-033150.txt Edgar Link pending
0001493152-23-033150-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
MetaLinks.json Edgar Link pending
pnpl-20230630.xsd Edgar Link pending
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pnpl-20230630_lab.xml Edgar Link unprocessable
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pnpl-20230630_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
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