2024 Q2 Form 10-K Financial Statement
#000147237524000045 Filed on June 24, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | $2.400M | ||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.144K | $4.278K | |
YoY Change | 37.67% | 25.09% | |
% of Gross Profit | |||
Operating Expenses | $254.3K | $3.466M | |
YoY Change | 58.75% | 3503.82% | |
Operating Profit | -$254.3K | -$3.466M | |
YoY Change | 58.75% | 3503.82% | |
Interest Expense | $22.33K | $80.64K | |
YoY Change | 20.68% | 20.74% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$18.28K | -$78.00K | |
YoY Change | -28.03% | 89.51% | |
Pretax Income | |||
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$272.6K | -$3.544M | |
YoY Change | 46.87% | 2480.52% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 278.2M shares | 278.0M shares | 277.7M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $372.00 | ||
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $2.357K | $2.540K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $2.357K | $2.912K | |
YoY Change | -97.41% | 156.56% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.097K | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $726.7K | $763.8K | |
YoY Change | -23.38% | 14033.38% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.357K | $2.912K | |
Total Long-Term Assets | $726.7K | $763.8K | |
Total Assets | $729.1K | $766.7K | |
YoY Change | -29.87% | 11624.73% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $160.7K | $116.8K | |
YoY Change | 66.52% | 55.38% | |
Accrued Expenses | $107.0K | $97.25K | |
YoY Change | 38.97% | -22.69% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.414M | $3.843M | |
YoY Change | 450.5% | 394.78% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $184.2K | ||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $184.2K | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.414M | $3.843M | |
Total Long-Term Liabilities | $0.00 | $184.2K | |
Total Liabilities | $5.042M | $4.829M | |
YoY Change | 137.45% | 327.5% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.888M | -$5.616M | |
YoY Change | 160.83% | 171.03% | |
Common Stock | $278.3K | $278.2K | |
YoY Change | 0.33% | 0.4% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$4.313M | -$4.062M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $729.1K | $766.7K | |
YoY Change | -29.87% | 11624.73% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$272.6K | -$3.544M | |
YoY Change | 46.87% | 2480.52% | |
Depreciation, Depletion And Amortization | $1.144K | $4.278K | |
YoY Change | 37.67% | 25.09% | |
Cash From Operating Activities | -$55.33K | -$457.5K | |
YoY Change | -54.36% | 500.74% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$6.299K | ||
YoY Change | 350.57% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $54.96K | $463.1K | |
YoY Change | -71.3% | 508.86% | |
NET CHANGE | |||
Cash From Operating Activities | -$55.33K | -$457.5K | |
Cash From Investing Activities | -$6.299K | ||
Cash From Financing Activities | $54.96K | $463.1K | |
Net Change In Cash | -$372.00 | -$763.00 | |
YoY Change | -100.56% | -49.3% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$55.33K | -$457.5K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
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CY2023 | RGPX |
Operating Leases Rou Asset And Liabilities
OperatingLeasesRouAssetAndLiabilities
|
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Document Fiscal Period Focus
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FY | |
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2023 | |
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Operating Lease Liability Current
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|
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Notes Payable Related Parties
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|
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Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
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Operating Lease Liability Noncurrent
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Commitments And Contingencies
CommitmentsAndContingencies
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Commitments And Contingencies
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Research And Development Expense
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Share Based Compensation
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Research And Development Expense
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Operating Lease Right Of Use Asset Amortization Expense
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Increase Decrease In Accrued Compensation
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Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
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Proceeds From Issuance Of Warrants
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Income Taxes Paid
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Interest Paid
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Interest Paid
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Accrued Interest Converted Into Note Payable
AccruedInterestConvertedIntoNotePayable
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Noncash Or Part Noncash Acquisition Of Intangible Assets Excluding Goodwill
NoncashOrPartNoncashAcquisitionOfIntangibleAssetsExcludingGoodwill
|
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Accrued Administration Expenses
AccruedAdministrationExpenses
|
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CY2023Q1 | RGPX |
Accrued Asset Purchase Agreement Liability
AccruedAssetPurchaseAgreementLiability
|
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CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
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Deferred Tax Assets Net
DeferredTaxAssetsNet
|
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CY2024 | dei |
Document Type
DocumentType
|
10-K | |
CY2024 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2024 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-03-31 | |
CY2024 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
CY2024 | dei |
Security12g Title
Security12gTitle
|
Common Stock, $0.001 par value per share | |
CY2024 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2024 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2024 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2024 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
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CY2024 | dei |
Entity Filer Category
EntityFilerCategory
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Entity Small Business
EntitySmallBusiness
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Entity Emerging Growth Company
EntityEmergingGrowthCompany
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Entity Ex Transition Period
EntityExTransitionPeriod
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Icfr Auditor Attestation Flag
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Document Fin Stmt Error Correction Flag
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Entity Shell Company
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Entity Public Float
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2024 | dei |
Auditor Firm
AuditorFirmId
|
3501 | |
CY2024 | dei |
Auditor Name
AuditorName
|
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CY2024 | dei |
Auditor Location
AuditorLocation
|
Newport Beach, California | |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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372 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
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2540 | usd |
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Assets Current
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2912 | usd |
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Assets Current
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Finite Lived Intangible Assets Accumulated Amortization
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Finite Lived Intangible Assets Accumulated Amortization
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Finite Lived Intangible Assets Net
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Finite Lived Intangible Assets Net
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Machinery And Equipment Gross
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Machinery And Equipment Gross
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Operating Lease Right Of Use Asset
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Accounts Payable Current
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Accounts Payable Current
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Related Party Advances
RelatedPartyAdvances
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Related Party Advances
RelatedPartyAdvances
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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Employee Related Liabilities Current
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Accrued Liabilities Current
AccruedLiabilitiesCurrent
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CY2023Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
125787 | usd |
CY2024Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
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Notes Payable Related Parties
NotesPayableRelatedParties
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Long Term Debt Noncurrent
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Operating Lease Liability Noncurrent
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Liabilities
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Liabilities
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Common Stock Par Or Stated Value Per Share
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Common Stock Shares Authorized
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Common Stock Shares Issued
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Common Stock Value
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|
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Retained Earnings Accumulated Deficit
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Stockholders Equity
StockholdersEquity
|
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Stockholders Equity
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Liabilities And Stockholders Equity
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Foreign Currency Transaction Gain Loss Before Tax
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Nonoperating Income Expense
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Net Income Loss
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|
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|
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|
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Weighted Average Number Of Shares Outstanding Basic
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Depreciation
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|
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|
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|
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Increase Decrease In Accounts Payable
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Increase Decrease In Accrued Compensation
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|
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|
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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Payments To Acquire Furniture And Fixtures
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Payments To Acquire Furniture And Fixtures
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|
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Net Cash Provided By Used In Investing Activities
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Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
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CY2024 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
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CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
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|
463084 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
76057 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-763 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1505 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1135 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2640 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
372 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1135 | usd |
CY2024 | RGPX |
Accrued Interest Converted Into Note Payable To Shareholder
AccruedInterestConvertedIntoNotePayableToShareholder
|
66469 | usd |
CY2023 | RGPX |
Accrued Interest Converted Into Note Payable To Shareholder
AccruedInterestConvertedIntoNotePayableToShareholder
|
30294 | usd |
CY2024 | RGPX |
Accrued Interest Converted Into Note Payable
AccruedInterestConvertedIntoNotePayable
|
52545 | usd |
CY2024 | RGPX |
Operating Leases Rou Asset And Liabilities
OperatingLeasesRouAssetAndLiabilities
|
953355 | usd |
CY2024 | RGPX |
Noncash Or Part Noncash Acquisition Of Intangible Assets Excluding Goodwill
NoncashOrPartNoncashAcquisitionOfIntangibleAssetsExcludingGoodwill
|
2400000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-137330 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1122947 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1122947 | usd |
CY2024 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
393250 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
720000 | shares |
CY2024 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
211698 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3543827 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4061826 | usd |
CY2024 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; font-size: 10pt"><b>NOTE 1 – NATURE OF OPERATIONS</b></p> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 10pt"> </p> <p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; text-align: justify; font-size: 10pt">Regenerex Pharma, Inc., formerly Peptide Technologies, Inc. (the “Company” or “Regenerex”), was incorporated in the State of Nevada, United States of America, on November 18, 2005.</p> <p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; text-align: justify; font-size: 10pt"> </p> <p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; text-align: justify; font-size: 10pt">On November 15, 2021, the Company entered into an Asset Purchase Agreement in which the Company purchased certain intellectual property in exchange for 150,000,000 shares of the Company’s common stock and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15<sup>th</sup> of the following month, for a period of 60 months. On August 17, 2023, the Company entered into an Agreement to Purchase Technology Platforms in which the Company purchased certain intellectual property in exchange for an interest-free two million four hundred thousand dollars ($2,400,000) note payable that is due August 17, 2024. The note payable is due within twelve (12) months of the date of the agreement. If the Company has not raised a minimum of ten million dollars ($10,000,000) in sales within twelve (12) months, or a minimum of ten million dollars ($10,000,000) in investment, the seller will extend the payments for a further period of twelve (12) months for a 10% payment of the outstanding balance.</p> <p style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; text-align: justify; font-size: 10pt"> </p> <p style="margin: 0px; text-align: justify; font-size: 10pt">The Company received all rights and title to proprietary wound healing technologies platforms and formulas involving the application of wound care protocols to treat all wounds, such as diabetic ulcers, pressure ulcers, burns and surgical wounds. These unique products strategically position the Company to enter and capture a high proportionate market share in the U.S.</p> <p style="margin: 0px; text-align: justify; font-size: 10pt"> </p> <p style="margin: 0px; text-align: justify; font-size: 10pt"><i>Risks and Uncertainties</i></p> <p style="margin: 0px; font-size: 10pt"> </p> <p style="margin: 0px; text-align: justify; font-size: 10pt">Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding the impacts of COVID-19, or other future pandemics on our business, results of operations, financial position and cash flows.</p> <p style="margin: 0px; font-size: 10pt"> </p> <p style="margin: 0px; text-align: justify; font-size: 10pt">The Company has a lack of revenue history and has had a limited history of operations. No revenue has historically been derived from the assets purchased. Regenerex can give no assurance of success or profitability to the Company’s investors.</p> <p style="margin: 0px; text-align: justify; font-size: 10pt"> </p> | |
CY2024 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2005-11-18 | |
CY2022Q4 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
10000000 | usd |
CY2024Q1 | RGPX |
Current Liabilities In Excess Of Current Assets
CurrentLiabilitiesInExcessOfCurrentAssets
|
3840450 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin: 0px; text-align: justify; font-size: 10pt"><i>Basis of Presentation and Use of Estimates</i></p> <p style="margin: 0px; text-align: justify; font-size: 10pt"><i> </i></p> <p style="margin: 0px; text-align: justify; font-size: 10pt">These financial statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could ultimately differ from those estimates.</p> <p style="margin: 0px; text-align: justify; font-size: 10pt"> </p> | |
CY2024Q1 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
29847 | usd |
CY2023Q1 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
9192 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P3Y | |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2875 | usd |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3223 | usd |
CY2024 | us-gaap |
Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
|
<p style="margin: 0px; text-align: justify; font-size: 10pt"><i style="font-size: 10pt">Furniture and Computer Equipment</i></p> <p style="margin: 0px; text-align: justify; font-size: 10pt"><i> </i></p> <p style="margin: 0px; text-align: justify; font-size: 10pt">Furniture and computer equipment are stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful life of three (3) to five (5) years. Depreciation expense for the years ended March 31, 2024 and 2023 was $1,403 and $197, respectively. Significant betterments are capitalized while purchases under $500 are expensed as incurred.</p> <p style="margin: 0px; font-size: 10pt"> </p> | |
CY2024 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1403 | usd |
CY2023 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
197 | usd |
CY2024Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.10 | pure |
CY2023 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2024 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2024Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
482000 | usd |
CY2023Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
212000 | usd |
CY2024Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
511847 | usd |
CY2023Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
221192 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
12375 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
4800 | usd |
CY2023Q1 | RGPX |
Accrued Administration Expenses
AccruedAdministrationExpenses
|
9744 | usd |
CY2024Q1 | RGPX |
Accrued Asset Purchase Agreement Liability
AccruedAssetPurchaseAgreementLiability
|
15488 | usd |
CY2024Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
69388 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
111243 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
97251 | usd |
CY2023Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
125787 | usd |
CY2024 | us-gaap |
Related Party Transaction Rate
RelatedPartyTransactionRate
|
0.10 | pure |
CY2024 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
47500 | usd |
CY2023 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
2500 | usd |
CY2024 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
4934 | usd |
CY2023 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1725 | usd |
CY2021Q4 | us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
150000000 | shares |
CY2021Q4 | us-gaap |
Business Combination Contingent Consideration Arrangements Description
BusinessCombinationContingentConsiderationArrangementsDescription
|
and up to $10,000,000 in contingent consideration to be paid at the rate of 15% of all gross revenues received from sales or investment money into the Company, payable on the 15th of the following month, for a period of 60 months. | |
CY2025Q1 | us-gaap |
Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
|
475050 | usd |
CY2026Q1 | us-gaap |
Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
|
119114 | usd |
CY2024Q1 | us-gaap |
Accounts Payable Interest Bearing Current And Noncurrent
AccountsPayableInterestBearingCurrentAndNoncurrent
|
58504 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Interest Bearing Current And Noncurrent
AccountsPayableInterestBearingCurrentAndNoncurrent
|
51892 | usd |
CY2024 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
18150 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
0 | usd |
CY2024 | us-gaap |
Lessee Operating Lease Description
LesseeOperatingLeaseDescription
|
On June 10, 2023, the Company entered into a plant facility lease agreement with a related party commencing June 9, 2023 which expires on June 30, 2028. Under this agreement, the monthly rental payments are $18,000 throughout the term of the lease excepting the month of June 2023 the rent is $7,920. To commence with production, the plant needs to prepare for FDA inspection which will include inspection of the facility, equipment, and the Company’s procedures. We expect to launch production during the Company’s second quarter of our fiscal year ending March 31, 2025, and will notify the FDA to come into the plant for the inspection at that time. The Company is able to start production while the plant waits for the FDA Inspection. Until the certification is complete, and the Company is in production, the monthly rent is reduced by forty (40%) percent to $10,800. Under this agreement, the Company is also leasing the equipment in the plant facility through five (5) annual rent payments of $10,000, which are due on the 15th day of each June from June 2023 to June 2027. | |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
675000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2608250 | shares |
CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
2578214 | shares |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.013 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.0000 | pure |
CY2024 | RGPX |
Effective Income Tax Rate Reconciliation Accounts Payable And Accrued Liabilities
EffectiveIncomeTaxRateReconciliationAccountsPayableAndAccruedLiabilities
|
-0.001 | pure |
CY2023 | RGPX |
Effective Income Tax Rate Reconciliation Accounts Payable And Accrued Liabilities
EffectiveIncomeTaxRateReconciliationAccountsPayableAndAccruedLiabilities
|
0.071 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.155 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.068 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.041 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.213 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | pure |
CY2024Q1 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
581500 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
14300 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
464100 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
345800 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1045500 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
360100 | usd |
CY2024 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
685400 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
29200 | usd |
CY2024Q1 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
2200000 | usd |
CY2022Q4 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
10000000 | usd |