2024 Q3 Form 10-Q Financial Statement

#000160706224000238 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $59.07K $59.07K
YoY Change -0.01% 88.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $134.5K $99.22K
YoY Change 35.59% 14.61%
% of Gross Profit
Research & Development $32.50K $45.00K
YoY Change -27.78% 44.88%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $32.50K $144.2K
YoY Change -77.46% 364.31%
Operating Profit -$108.0K -$85.16K
YoY Change 26.79% 44.55%
Interest Expense -$22.15K -$14.06K
YoY Change 57.54% -146.25%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$130.1K -$99.22K
YoY Change 31.14% -100.15%
Income Tax
% Of Pretax Income
Net Earnings -$264.9K -$130.1K -$99.22K
YoY Change -18.5% 31.14% -100.15%
Net Earnings / Revenue -220.3% -167.97%
Basic Earnings Per Share -$0.03 -$0.03
Diluted Earnings Per Share -$0.03 -$0.03
COMMON SHARES
Basic Shares Outstanding 4.508M shares 4.214M shares 3.381M shares
Diluted Shares Outstanding 4.214M shares 3.381M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.85K $690.00
YoY Change 8863.77% -99.38%
Cash & Equivalents $716.00 $61.85K $692.00
Short-Term Investments
Other Short-Term Assets $23.42K $5.380K
YoY Change 335.32% -80.65%
Inventory
Prepaid Expenses $377.00
Receivables $94.87K $67.15K $56.55K
Other Receivables $0.00 $0.00
Total Short-Term Assets $159.9K $152.4K $62.62K
YoY Change 22.01% 143.4% -85.78%
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% -10.76%
Other Assets
YoY Change
Total Long-Term Assets $17.73K $17.73K $222.6K
YoY Change -92.03% -92.03% -10.76%
TOTAL ASSETS
Total Short-Term Assets $159.9K $152.4K $62.62K
Total Long-Term Assets $17.73K $17.73K $222.6K
Total Assets $177.6K $170.2K $285.2K
YoY Change -49.77% -40.34% -58.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.67K $29.42K $29.40K
YoY Change -0.02% 0.05% 2.09%
Accrued Expenses $1.662M $1.630M
YoY Change 1.99% -18.69%
Deferred Revenue
YoY Change
Short-Term Debt $219.2K $101.7K
YoY Change 115.54% 8169.11%
Long-Term Debt Due $499.9K $509.9K
YoY Change -1.96% -67.75%
Total Short-Term Liabilities $5.372M $5.328M $5.314M
YoY Change 1.2% 0.26% -41.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.372M $5.328M $5.314M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.372M $5.328M $5.314M
YoY Change -1.58% 0.26% -41.21%
SHAREHOLDERS EQUITY
Retained Earnings -$20.62M -$20.35M -$19.42M
YoY Change 4.39% 4.77% -6.74%
Common Stock $527.00 $25.33K $339.00
YoY Change 49.72% 7370.8% -99.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.194M -$5.158M -$5.029M
YoY Change
Total Liabilities & Shareholders Equity $177.6K $170.2K $285.2K
YoY Change -49.77% -40.34% -58.65%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$264.9K -$130.1K -$99.22K
YoY Change -18.5% 31.14% -100.15%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$172.6K -$87.01K
YoY Change 98.36% -29.65%
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 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -172.6K -87.01K
Cash From Investing Activities
Cash From Financing Activities 156.3K 0.000
Net Change In Cash -16.26K -87.01K
YoY Change -81.31% -29.65%
FREE CASH FLOW
Cash From Operating Activities -$172.6K -$87.01K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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-99218 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-5028973 usd
us-gaap Net Income Loss
NetIncomeLoss
-602353 usd
us-gaap Net Income Loss
NetIncomeLoss
1481534 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2324 usd
us-gaap Share Based Compensation
ShareBasedCompensation
348372 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13045 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-258 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
604 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
67148 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-197725 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
17383 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
43507 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
2300 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-25570 usd
RGBP Increase Decrease In Contributed Capital
IncreaseDecreaseInContributedCapital
0 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
261 usd
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-2151755 usd
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-110047 usd
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
-94920 usd
RGBP Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
-0 usd
RGBP Gain Loss On Forgiveness Of Debt
GainLossOnForgivenessOfDebt
1150 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-204847 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-544246 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-150512 usd
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-10000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-40502 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
100000 usd
us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
535560 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
485058 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
-59188 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-50512 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61849 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
692 usd
RGBP Preferred Share Issued For Debt
PreferredShareIssuedForDebt
0 usd
RGBP Preferred Share Issued For Debt
PreferredShareIssuedForDebt
761500 usd
RGBP Common Shares Issued For Interests
CommonSharesIssuedForInterests
0 usd
RGBP Common Shares Issued For Interests
CommonSharesIssuedForInterests
25369 usd
RGBP Preferred Shares Issued For Interests
PreferredSharesIssuedForInterests
0 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
RGBP Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rates
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRates
11.2835 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
us-gaap Advertising Expense
AdvertisingExpense
0 usd
RGBP Net Loss
NetLoss
20331216 usd
RGBP Non Refundable Payment Descriptions
NonRefundablePaymentDescriptions
The Company one-time, non-refundable, upfront payment of one hundred thousand US dollars ($100,000) as a license initiation fee which must be paid within 90 days of June 23, 2015 and an annual non-refundable payment of one hundred thousand US dollars ($100,000) on July 15th, 2016 and each subsequent anniversary of the effective date of the Agreement.
CY2015Q2 us-gaap Payments For Royalties
PaymentsForRoyalties
10000 usd
CY2015Q2 us-gaap Prepaid Royalties
PrepaidRoyalties
10000 usd
CY2022Q1 us-gaap Payments For Rent
PaymentsForRent
5000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5800000000 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4373078 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4373078 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4373078 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4373078 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
800000000 shares
CY2024Q2 RGBP Common Stock Share Issued
CommonStockShareIssued
52763 shares
CY2024Q2 RGBP Common Stock Value Cash Consideration
CommonStockValueCashConsideration
25326 usd
CY2024Q2 RGBP Common Stock Share Issued
CommonStockShareIssued
20068 shares
CY2024Q2 RGBP Common Stock Share Issued
CommonStockShareIssued
66185 shares
CY2024Q2 RGBP Common Stock Value Cash Consideration
CommonStockValueCashConsideration
30000 usd
CY2024Q2 RGBP Common Stock Share Issued
CommonStockShareIssued
62207 shares
CY2024Q2 RGBP Common Stock Value Cash Consideration
CommonStockValueCashConsideration
30000 usd
CY2024Q2 RGBP Common Stock Share Issued
CommonStockShareIssued
75301 shares
CY2024Q2 RGBP Common Stock Value Cash Consideration
CommonStockValueCashConsideration
50000 usd

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