2024 Q2 Form 10-Q Financial Statement

#000160706224000131 Filed on April 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q3
Revenue $59.07K $31.64K $59.37K
YoY Change -0.01% 0.0% 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $134.5K $120.0K $83.12K
YoY Change 35.59% 18.27% -10.51%
% of Gross Profit
Research & Development $32.50K $40.13K $35.34K
YoY Change -27.78% 10.12% -45.01%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $32.50K $40.13K $118.5K
YoY Change -77.46% 10.12% -24.62%
Operating Profit -$108.0K -$101.1K
YoY Change 26.79% 28.19%
Interest Expense -$22.15K $17.06K -$15.94K
YoY Change 57.54% 41.19% -124.43%
% of Operating Profit
Other Income/Expense, Net $0.00 -$250.0K
YoY Change 449.45%
Pretax Income -$130.1K -$122.5K -$325.0K
YoY Change 31.14% 122.75% 316.54%
Income Tax
% Of Pretax Income
Net Earnings -$130.1K -$122.5K -$325.0K
YoY Change 31.14% 122.77% 316.56%
Net Earnings / Revenue -220.3% -387.08% -547.46%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03 -$0.03 -$0.07
COMMON SHARES
Basic Shares Outstanding 4.214M shares 3.941M shares
Diluted Shares Outstanding 4.214M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.85K $78.12K $121.0K
YoY Change 8863.77% -10.92% 136.41%
Cash & Equivalents $61.85K $78.11K $121.0K
Short-Term Investments
Other Short-Term Assets $23.42K $5.200K $10.00K
YoY Change 335.32% -69.82% -67.69%
Inventory
Prepaid Expenses $200.00 $0.00
Receivables $67.15K $39.72K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $152.4K $123.0K $131.0K
YoY Change 143.4% -33.15% -61.05%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $17.73K $17.73K $222.6K
YoY Change -92.03% -92.03% 0.0%
Other Assets
YoY Change
Total Long-Term Assets $17.73K $17.73K $222.6K
YoY Change -92.03% -92.03% 0.0%
TOTAL ASSETS
Total Short-Term Assets $152.4K $123.0K $131.0K
Total Long-Term Assets $17.73K $17.73K $222.6K
Total Assets $170.2K $140.8K $353.6K
YoY Change -40.34% -65.38% -36.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.42K $29.80K $29.67K
YoY Change 0.05% -12.48% 3.04%
Accrued Expenses $1.662M $1.645M $1.645M
YoY Change 1.99% 1.79% -17.84%
Deferred Revenue
YoY Change
Short-Term Debt $219.2K $50.21K $96.71K
YoY Change 115.54% -50.63% 5555.56%
Long-Term Debt Due $499.9K $499.9K $509.9K
YoY Change -1.96% -1.96% -59.93%
Total Short-Term Liabilities $5.328M $5.173M $5.308M
YoY Change 0.26% -3.06% -38.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $143.7K $0.00
YoY Change
Other Long-Term Liabilities $0.00 $149.6K
YoY Change
Total Long-Term Liabilities $0.00 $143.7K $149.6K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.328M $5.173M $5.308M
Total Long-Term Liabilities $0.00 $143.7K $149.6K
Total Liabilities $5.328M $5.317M $5.458M
YoY Change 0.26% -0.37% -36.5%
SHAREHOLDERS EQUITY
Retained Earnings -$20.35M -$20.22M -$19.75M
YoY Change 4.77% 4.64% -5.53%
Common Stock $25.33K $26.78K $352.00
YoY Change 7370.8% 7800.0% -99.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.158M -$5.176M -$5.104M
YoY Change
Total Liabilities & Shareholders Equity $170.2K $140.8K $353.6K
YoY Change -40.34% -65.38% -36.74%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q3
OPERATING ACTIVITIES
Net Income -$130.1K -$122.5K -$325.0K
YoY Change 31.14% 122.77% 316.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$172.6K -$209.3K -$23.92K
YoY Change 98.36% 294.65% -71.95%
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 156.3K 162.9K 143.8K
YoY Change 62.93% 28650.0%
NET CHANGE
Cash From Operating Activities -172.6K -209.3K -23.92K
Cash From Investing Activities
Cash From Financing Activities 156.3K 162.9K 143.8K
Net Change In Cash -16.26K -46.39K 119.8K
YoY Change -81.31% -198.79% -300.42%
FREE CASH FLOW
Cash From Operating Activities -$172.6K -$209.3K -$23.92K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q1 us-gaap Profit Loss
ProfitLoss
-54978 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-4929755 usd
us-gaap Net Income Loss
NetIncomeLoss
-472233 usd
us-gaap Net Income Loss
NetIncomeLoss
1580752 usd
RGBP Preferred Stock Issued As Compensation
PreferredStockIssuedAsCompensation
-348372 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8706 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
124 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5248 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
39723 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-175150 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-171 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
29444 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-5200 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-13714 usd
RGBP Increase Decrease In Contributed Capital
IncreaseDecreaseInContributedCapital
0 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
0 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-2151755 usd
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-78407 usd
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-63280 usd
RGBP Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
-0 usd
RGBP Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
1150 usd
RGBP Unrealized Lossgain On Investment Securities
UnrealizedLossgainOnInvestmentSecurities
-204847 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-371657 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-63504 usd
RGBP Increase Decrease In Convertible Notes Payable
IncreaseDecreaseInConvertibleNotesPayable
-10000 usd
us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
-61500 usd
us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
100000 usd
RGBP Increase Decrease In Common Stock Issued For Cash
IncreaseDecreaseInCommonStockIssuedForCash
400234 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
328734 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-42923 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
36949 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121037 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51204 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78114 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
87700 usd
RGBP Preferred Share Issued For Debt
PreferredShareIssuedForDebt
761500 usd
RGBP Common Shares Issued For Interests
CommonSharesIssuedForInterests
25369 usd
RGBP Preferred Shares Issued For Interests
PreferredSharesIssuedForInterests
380262 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0539 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
9.3298 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1 pure
us-gaap Advertising Expense
AdvertisingExpense
0 usd
RGBP Net Income Loss Since Inception
NetIncomeLossSinceInception
20221096 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5800000000 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4114622 shares
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
800000000 shares
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
39638 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
44297 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
19614 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
32362 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
25282 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
26781 usd
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
25326 usd

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