2022 Q4 Form 10-Q Financial Statement
#000149315222028253 Filed on October 12, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q2 | 2021 Q4 |
---|---|---|---|
Revenue | $2.646M | $639.4K | $0.00 |
YoY Change | |||
Cost Of Revenue | $1.675M | $574.4K | |
YoY Change | |||
Gross Profit | $970.5K | $64.95K | |
YoY Change | |||
Gross Profit Margin | 36.68% | 10.16% | |
Selling, General & Admin | $875.6K | $380.3K | $462.8K |
YoY Change | 89.19% | -26.07% | 17.29% |
% of Gross Profit | 90.22% | 585.56% | |
Research & Development | $130.5K | $107.8K | $133.3K |
YoY Change | -2.08% | 10.24% | 90.4% |
% of Gross Profit | 13.45% | 166.0% | |
Depreciation & Amortization | $207.6K | $55.39K | |
YoY Change | |||
% of Gross Profit | 21.39% | 85.28% | |
Operating Expenses | $1.006M | $488.1K | $596.1K |
YoY Change | 68.78% | -20.27% | 27.77% |
Operating Profit | -$25.56K | -$423.2K | -$596.1K |
YoY Change | -95.71% | -30.88% | |
Interest Expense | -$25.84K | $19.99K | |
YoY Change | 199790.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$19.99K | -$290.00 | |
YoY Change | -142878.57% | -32.56% | |
Pretax Income | -$61.40K | -$443.2K | -$596.4K |
YoY Change | -89.7% | -27.61% | -186.06% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$51.40K | -$443.2K | -$596.4K |
YoY Change | -91.38% | -27.61% | -186.06% |
Net Earnings / Revenue | -1.94% | -69.32% | |
Basic Earnings Per Share | -$0.01 | -$0.01 | |
Diluted Earnings Per Share | $0.00 | -$6.776K | -$11.57K |
COMMON SHARES | |||
Basic Shares Outstanding | 78.12M shares | 65.41M shares | |
Diluted Shares Outstanding | 65.41M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q2 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $442.4K | $1.866M | $38.34K |
YoY Change | 1053.81% | 480.6% | -97.34% |
Cash & Equivalents | $442.4K | $1.866M | $38.34K |
Short-Term Investments | |||
Other Short-Term Assets | $880.00 | $250.9K | $3.880K |
YoY Change | -77.32% | -70.61% | |
Inventory | |||
Prepaid Expenses | $884.00 | $884.00 | $3.884K |
Receivables | $981.4K | $616.5K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $1.425M | $2.965M | $42.23K |
YoY Change | 3273.52% | 822.29% | -97.1% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.046M | $1.680M | |
YoY Change | |||
Goodwill | $751.4K | $751.4K | |
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $8.890K | $8.890K | $8.690K |
YoY Change | 2.3% | -8.35% | -66.78% |
Total Long-Term Assets | $6.806M | $2.561M | $8.690K |
YoY Change | 78217.92% | 26298.87% | -82.25% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.425M | $2.965M | $42.23K |
Total Long-Term Assets | $6.806M | $2.561M | $8.690K |
Total Assets | $8.230M | $5.525M | $50.92K |
YoY Change | 16063.52% | 1568.57% | -96.61% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $233.8K | $548.7K | $82.56K |
YoY Change | 183.2% | 1540.97% | 17.94% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $850.0K | $350.0K |
YoY Change | -100.0% | ||
Long-Term Debt Due | $1.319M | $392.7K | |
YoY Change | |||
Total Short-Term Liabilities | $1.553M | $1.791M | $432.6K |
YoY Change | 259.03% | 5257.2% | 10.37% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.738M | $865.7K | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $119.9K | ||
YoY Change | |||
Total Long-Term Liabilities | $3.738M | $1.257M | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.553M | $1.791M | $432.6K |
Total Long-Term Liabilities | $3.738M | $1.257M | $0.00 |
Total Liabilities | $5.291M | $3.048M | $432.6K |
YoY Change | 1123.19% | 9015.13% | 10.37% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$50.21M | -$50.03M | -$49.14M |
YoY Change | 2.18% | ||
Common Stock | $53.15M | $52.51M | $48.76M |
YoY Change | 9.01% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.939M | $2.477M | -$381.6K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.230M | $5.525M | $50.92K |
YoY Change | 16063.52% | 1568.57% | -96.61% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q2 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$51.40K | -$443.2K | -$596.4K |
YoY Change | -91.38% | -27.61% | -186.06% |
Depreciation, Depletion And Amortization | $207.6K | $55.39K | |
YoY Change | |||
Cash From Operating Activities | -$35.24K | -$450.9K | -$420.0K |
YoY Change | -91.61% | -19.87% | -582.63% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $4.570M | -$1.108M | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$734.2K | |
YoY Change | |||
Cash From Investing Activities | -$4.570M | -$1.842M | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $50.95K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.891M | 4.115M | 401.0K |
YoY Change | 870.33% | ||
NET CHANGE | |||
Cash From Operating Activities | -35.24K | -450.9K | -420.0K |
Cash From Investing Activities | -4.570M | -1.842M | |
Cash From Financing Activities | 3.891M | 4.115M | 401.0K |
Net Change In Cash | -714.4K | 1.822M | -19.08K |
YoY Change | 3644.39% | -121.92% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$35.24K | -$450.9K | -$420.0K |
Capital Expenditures | $4.570M | -$1.108M | |
Free Cash Flow | -$4.605M | $656.9K | |
YoY Change |
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us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
698267 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1101635 | usd | |
CY2022Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
107823 | usd |
CY2021Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
97812 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
233553 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
168449 | usd | |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
488149 | usd |
CY2021Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
612249 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
931820 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1270084 | usd | |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-423197 | usd |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-612249 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-866868 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1270084 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
296653 | usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
19989 | usd |
us-gaap |
Interest Expense
InterestExpense
|
24292 | usd | |
CY2021Q2 | us-gaap |
Other Income
OtherIncome
|
14 | usd |
us-gaap |
Other Income
OtherIncome
|
565 | usd | |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-19989 | usd |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
14 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-24292 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
297218 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-443186 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-612235 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-891160 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-972866 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65406191 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50700147 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
58466722 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50700147 | shares | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-829615 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3000000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
750000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-443186 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2477199 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
863394 | usd |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
46539 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-612235 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
297698 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-381641 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3000000 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
750000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-891160 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2477199 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1111715 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1111715 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
158849 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-972866 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
297698 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
297698 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-891160 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-972866 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
158849 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
296653 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
22817 | usd | |
us-gaap |
Depreciation
Depreciation
|
55392 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-273412 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
230929 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
2789 | usd | |
us-gaap |
Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
|
250000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-3000 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-13195 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
200 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-16455 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
192628 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-38638 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-23194 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-845068 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1120035 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
15827 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1107833 | usd | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
750000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1842006 | usd | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
3000000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1015020 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
500000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4515020 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1827946 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1120035 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
38343 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1441471 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1866289 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
321436 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
21503 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
750000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-891160 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-845068 | usd | |
us-gaap |
Substantial Doubt About Going Concern Conditions Or Events
SubstantialDoubtAboutGoingConcernConditionsOrEvents
|
We estimate as of June 30, 2022, we had sufficient funds to operate the business for 18 months given our cash balance of $1,866,289, line of credit availability of $150,000, the availability of $4,830,050 under our $5,000,000 equity financing line via an executed securities purchase agreement, and revenues being generated by the Range Entities | ||
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1866289 | usd |
CY2022Q2 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
150000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84C_eus-gaap--UseOfEstimates_zv0s2AWQjEkd" 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 style="text-decoration: underline">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><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; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. The more significant estimates and assumptions by management include, among others, assumptions used in valuing assets acquired in business acquisitions, reserves for accounts receivable, assumptions used in valuing equity instruments issued for services, the valuation allowance for deferred tax assets, and accruals for potential liabilities. Actual results could differ from those estimates.</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> | ||
us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<p id="xdx_848_eus-gaap--RevenueRecognitionDeferredRevenue_zo7WqCvqBk71" 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 style="text-decoration: underline">Revenue Recognition</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; 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; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company applies the following standards and recognizes revenue when (1) services have been provided pursuant to an agreed-upon equipment and labor hourly rate sheet or a fixed amount for a project, (2) products have been shipped to and accepted by the customer, and (3) amounts are reasonably assured of collection, including the consideration of the customer’s ability and intention to pay when the amount is due. The Company primarily invoices customers and recognizes revenue on a periodic basis for equipment and labor hours provided to a customer on a particular job based on an agreed-upon hourly rate sheet or a fixed amount for a project. The Company also invoices customers and recognizes revenue for equipment mobilization fees and materials and supplies required to complete a project. The Company invoices for the sales of chemicals and recognizes revenue when the products are delivered to the customer’s designated site. Costs for equipment, labor and chemicals are generally expensed as incurred since the projects are generally short-term and not subject to a contract.</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; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s performance obligations are satisfied at the point in time when the services are performed or when products are received by the customer, which is when the customer has title and the significant risks and rewards of ownership.</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> | ||
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1680438 | usd |
us-gaap |
Depreciation
Depreciation
|
55392 | usd | |
us-gaap |
Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
|
six-year | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
27399212 | shares | |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7529212 | shares |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
751421 | usd |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
751421 | usd | |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
751421 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6882544 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.69 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
130000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
1.00 | ||
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6752544 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.68 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
6752544 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.68 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6752544 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
6752544 | shares |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
0 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6752544 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | usd |
CY2022Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
271039 | usd |
CY2021Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1000000 | usd |
CY2021Q4 | us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2022-11-30 | |
CY2021Q4 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.01 | pure |
CY2022Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
850000 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
8630 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y7M6D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.060 | pure |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
296653 | usd | |
us-gaap |
Long Term Debt Description
LongTermDebtDescription
|
The debt matures from 2022 through 2028 | ||
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1258382 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
392708 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
865674 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
|
392708 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
|
412913 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
|
392231 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
|
38076 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
|
19977 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
|
2477 | usd |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1258382 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
8630 | usd | |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
8630 | usd |
CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
8630 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
119939 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
119939 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
119939 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
25890 | usd |
CY2022Q2 | MLCT |
Lessee Operating Lease Liability Payments Due Next Twelve Month To Years Three
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonthToYearsThree
|
107877 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
133767 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
13828 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
119939 | usd |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
639359 | usd |
CY2022Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
574407 | usd |
CY2022Q2 | us-gaap |
Gross Profit
GrossProfit
|
64952 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-443186 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
5525299 | usd |
CY2022Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1107833 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
639359 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
574407 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
64952 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-891160 | usd | |
CY2022Q2 | us-gaap |
Assets
Assets
|
5525299 | usd |
CY2022Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1107833 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-612235 | usd |
CY2021Q2 | us-gaap |
Assets
Assets
|
331138 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-972866 | usd | |
CY2021Q2 | us-gaap |
Assets
Assets
|
331138 | usd |