2024 Q4 Form 10-Q Financial Statement
#000149315224045275 Filed on November 14, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | ||
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $27.22K | |
YoY Change | -40.48% | |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $27.22K | |
YoY Change | -40.48% | |
Operating Profit | -$27.22K | |
YoY Change | -40.48% | |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$25.26K | |
YoY Change | -44.77% | |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$25.26K | |
YoY Change | -44.77% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.00 | |
Diluted Earnings Per Share | $0.00 | |
COMMON SHARES | ||
Basic Shares Outstanding | 114.4M shares | 114.4M shares |
Diluted Shares Outstanding | 114.4M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $22.11K | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | $594.00 | |
Total Short-Term Assets | $25.06K | |
YoY Change | -91.39% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $5.065K | |
YoY Change | -11.37% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $25.06K | |
Total Long-Term Assets | $5.065K | |
Total Assets | $30.12K | |
YoY Change | -89.85% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $360.3K | |
YoY Change | 23.48% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $360.3K | |
Total Long-Term Liabilities | ||
Total Liabilities | $360.3K | |
YoY Change | 23.48% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$998.0K | |
YoY Change | 50.28% | |
Common Stock | $11.44K | |
YoY Change | 23.59% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$330.2K | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $30.12K | |
YoY Change | -89.85% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$25.26K | |
YoY Change | -44.77% | |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | ||
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 | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | ||
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | ||
YoY Change | ||
FREE CASH FLOW | ||
Cash From Operating Activities | ||
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Shares Issued
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0.0001 | |
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Common Stock Shares Authorized
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Retained Earnings Accumulated Deficit
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2024-09-30 | ||
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dei |
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SEATECH VENTURES CORP. | ||
dei |
Entity Incorporation State Country Code
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NV | ||
dei |
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|
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|
11-05 & 11-06, Tower A | ||
dei |
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Avenue 3 Vertical Business Suite | ||
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|
Jalan Kerinchi, Bangsar South | ||
dei |
Entity Address Postal Zip Code
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|
59200 | ||
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Kuala Lumpur | ||
dei |
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MY | ||
dei |
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|
+603 | ||
dei |
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8408 1788 | ||
dei |
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Common Stock | ||
dei |
Trading Symbol
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|
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0.0001 | ||
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Earnings Per Share Basic
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-0.00 | ||
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114351503 | shares |
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114351503 | shares |
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WeightedAverageNumberOfSharesOutstandingBasic
|
92519843 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
92519843 | shares | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-227986 | usd |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1106 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-101108 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-330200 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
74886 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
74886 | usd |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
34 | usd | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
34 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-70026 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4894 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4894 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-101108 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-70026 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-149500 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
67100 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-39000 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
166700 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-209 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
54324 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
33000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-36861 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-28933 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
658 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-27260 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-86025 | usd | |
us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
650 | usd | |
SEAV |
Proceeds From Refund Of Investment In Other Company
ProceedsFromRefundOfInvestmentInOtherCompany
|
650 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
650 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-650 | usd | |
SEAV |
Share Subscription Received Advance
ShareSubscriptionReceivedAdvance
|
22500 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
22500 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-3174 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
34 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-7284 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-86641 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
29392 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
136193 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
22108 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
49552 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_840_eus-gaap--UseOfEstimates_zJ60Itwx8NXi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_861_zOAa5qd7yZTd">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2024Q3 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5065 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-101108 | usd | |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-998017 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-27260 | usd | |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
114351503 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
114351503 | shares |
CY2024Q3 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
115000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
264500 | usd |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
115000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
115000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
149500 | usd |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
115000 | usd |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
115000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
115000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22108 | usd |
CY2024Q3 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
274 | usd |
CY2023Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
273 | usd |
CY2024Q3 | SEAV |
Prepayment
Prepayment
|
2080 | usd |
CY2024Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
594 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
744 | usd |
CY2024Q3 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
2948 | usd |
CY2023Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
1017 | usd |
CY2024Q3 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5065 | usd |
CY2023Q4 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5715 | usd |
CY2024Q3 | SEAV |
Accrued Audit Fees Current
AccruedAuditFeesCurrent
|
2200 | usd |
CY2023Q4 | SEAV |
Accrued Audit Fees Current
AccruedAuditFeesCurrent
|
34070 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
22016 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
19173 | usd |
CY2024Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
8405 | usd |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
16167 | usd |
CY2024Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
32621 | usd |
CY2023Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
69410 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-101108 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-70026 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-101108 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-70026 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
114351503 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114351503 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
92519843 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
92519843 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | ||
CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
115000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
115000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
149500 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
149500 | usd |
CY2024Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
30248 | usd |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
33000 | usd |
CY2024Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
30248 | usd |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
33000 | usd |
CY2024Q3 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5065 | usd |
CY2023Q4 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5715 | usd |
CY2024Q3 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5065 | usd |
CY2023Q4 | us-gaap |
Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
|
5715 | usd |
us-gaap |
Revenues
Revenues
|
248340 | usd | |
us-gaap |
Revenues
Revenues
|
248340 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
19500 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21838 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
19500 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21838 | usd | |
us-gaap |
Other Labor Related Expenses
OtherLaborRelatedExpenses
|
4500 | usd | |
us-gaap |
Other Labor Related Expenses
OtherLaborRelatedExpenses
|
13500 | usd | |
us-gaap |
Other Labor Related Expenses
OtherLaborRelatedExpenses
|
4500 | usd | |
us-gaap |
Other Labor Related Expenses
OtherLaborRelatedExpenses
|
13500 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-101108 | usd | |
CY2024Q3 | us-gaap |
Assets Net
AssetsNet
|
30121 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
248340 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
187700 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-70026 | usd | |
CY2023Q3 | us-gaap |
Assets Net
AssetsNet
|
296691 | usd |