2022 Q4 Form 10-Q Financial Statement

#000149315222031766 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $905.6K $1.570M $687.9K
YoY Change -41.36% 128.21% 282.18%
Cost Of Revenue $915.0K $1.156M $685.8K
YoY Change -24.85% 68.51% 585.77%
Gross Profit -$9.400K $413.3K $2.160K
YoY Change -102.88% 19034.63% -97.3%
Gross Profit Margin -1.04% 26.33% 0.31%
Selling, General & Admin $6.210M $2.169M $2.859M
YoY Change -7.19% -24.13% 393.0%
% of Gross Profit 524.9% 132379.17%
Research & Development $672.6K $3.880K $722.0K
YoY Change 316.05% -99.46% 2306.67%
% of Gross Profit 0.94% 33425.93%
Depreciation & Amortization $448.2K $25.37K -$5.930K
YoY Change 199.93% -527.82% -119.77%
% of Gross Profit 6.14% -274.54%
Operating Expenses $6.906M $2.197M $3.609M
YoY Change -59.31% -39.14% 455.26%
Operating Profit -$6.915M -$1.783M -$3.607M
YoY Change -58.45% -50.56% 532.82%
Interest Expense -$161.7K -$549.2K -$1.196M
YoY Change 331.0% -54.09% 2890.65%
% of Operating Profit
Other Income/Expense, Net -$3.270K -$549.2K -$5.110K
YoY Change -109.18% 10648.18%
Pretax Income -$8.530M -$2.332M -$4.808M
YoY Change -49.66% -51.49% 688.27%
Income Tax
% Of Pretax Income
Net Earnings -$8.530M -$2.332M -$4.808M
YoY Change -49.66% -51.49% 688.27%
Net Earnings / Revenue -941.91% -148.57% -698.97%
Basic Earnings Per Share -$0.10 -$0.24
Diluted Earnings Per Share -$0.39 -$0.10 -$242.6K
COMMON SHARES
Basic Shares Outstanding 21.89M shares 21.51M shares 19.82M shares
Diluted Shares Outstanding 21.53M shares 19.82M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.848M $6.474M $27.15M
YoY Change -66.93% -76.15% 20782.01%
Cash & Equivalents $1.931M $3.565M $26.85M
Short-Term Investments $2.917M $2.908M $293.3K
Other Short-Term Assets $814.1K $880.2K $56.37K
YoY Change 31.88% 1461.38% -29.54%
Inventory $441.4K $397.3K $637.0K
Prepaid Expenses $814.1K $880.2K
Receivables $647.5K $649.7K $571.9K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.751M $8.401M $28.41M
YoY Change -58.53% -70.43% 5161.46%
LONG-TERM ASSETS
Property, Plant & Equipment $61.83K $87.20K $941.1K
YoY Change -43.31% -90.73% 2252.75%
Goodwill $941.9K $941.9K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.288M
YoY Change
Total Long-Term Assets $1.939M $3.685M $3.037M
YoY Change -25.06% 21.31% 146.94%
TOTAL ASSETS
Total Short-Term Assets $6.751M $8.401M $28.41M
Total Long-Term Assets $1.939M $3.685M $3.037M
Total Assets $8.691M $12.09M $31.45M
YoY Change -53.94% -61.57% 1676.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.927M $572.3K $801.8K
YoY Change 55.05% -28.62% 7917.5%
Accrued Expenses $366.6K $296.0K $215.7K
YoY Change 128.41% 37.21% 208.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $2.048M $1.940M $84.35K
YoY Change 4206.06% 2200.39% -94.22%
Total Short-Term Liabilities $4.506M $2.964M $1.102M
YoY Change 187.14% 168.99% -56.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $519.7K $564.9K $720.0K
YoY Change -25.33% -21.54% 2299.97%
Total Long-Term Liabilities $519.7K $564.9K $720.0K
YoY Change -25.33% -21.54% 2299.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.506M $2.964M $1.102M
Total Long-Term Liabilities $519.7K $564.9K $720.0K
Total Liabilities $5.025M $3.529M $1.822M
YoY Change 121.86% 93.69% -28.84%
SHAREHOLDERS EQUITY
Retained Earnings -$50.60M -$42.07M
YoY Change 43.03%
Common Stock $22.34K $21.66K
YoY Change -7.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $300.2K
YoY Change
Treasury Stock Shares
Shareholders Equity $3.666M $8.557M $29.63M
YoY Change
Total Liabilities & Shareholders Equity $8.691M $12.09M $31.45M
YoY Change -53.94% -61.57% 1676.79%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$8.530M -$2.332M -$4.808M
YoY Change -49.66% -51.49% 688.27%
Depreciation, Depletion And Amortization $448.2K $25.37K -$5.930K
YoY Change 199.93% -527.82% -119.77%
Cash From Operating Activities -$1.646M -$1.041M -$1.780M
YoY Change -35.47% -41.54% 278.75%
INVESTING ACTIVITIES
Capital Expenditures -$20.40K -$18.88K -$182.6K
YoY Change 397.56% -89.66%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$200.0K -$293.3K
YoY Change -100.0% -31.81%
Cash From Investing Activities $20.40K -$218.9K -$475.9K
YoY Change -100.16% -54.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.32M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.080K -175.7K 25.17M
YoY Change -112.82% -100.7% 8578.73%
NET CHANGE
Cash From Operating Activities -1.646M -1.041M -1.780M
Cash From Investing Activities 20.40K -218.9K -475.9K
Cash From Financing Activities -9.080K -175.7K 25.17M
Net Change In Cash -1.634M -1.435M 22.91M
YoY Change -89.18% -106.26% -12829.08%
FREE CASH FLOW
Cash From Operating Activities -$1.646M -$1.041M -$1.780M
Capital Expenditures -$20.40K -$18.88K -$182.6K
Free Cash Flow -$1.625M -$1.022M -$1.598M
YoY Change -36.17% -36.04% 239.91%

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JUPW Common Stock Issued For Services
CommonStockIssuedForServices
192000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
400860 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72617 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
71044 usd
JUPW Impairment Of Promissory Note
ImpairmentOfPromissoryNote
1000000 usd
JUPW Fair Value Of Options Issued For Services
FairValueOfOptionsIssuedForServices
142169 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
996879 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1604031 usd
JUPW Amortization Clinical Research Agreement
AmortizationClinicalResearchAgreement
212500 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-43403 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
316770 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2266 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
262852 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-159532 usd
JUPW Increase Decrease In Right Of Entry Assets
IncreaseDecreaseInRightOfEntryAssets
-114004 usd
JUPW Increase Decrease In Right Of Entry Assets
IncreaseDecreaseInRightOfEntryAssets
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us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
669200 usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
3702 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
93006 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
411108 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
112911 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
82330 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
16438 usd
JUPW Increase Decrease In Legal Fees
IncreaseDecreaseInLegalFees
25000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35392 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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JUPW Payment To Acquired Research Agreement
PaymentToAcquiredResearchAgreement
1500000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
1000000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
43000 usd
JUPW Proceeds From Acquisition
ProceedsFromAcquisition
-293300 usd
JUPW Payment Paid For Intellectual Property
PaymentPaidForIntellectualProperty
150000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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JUPW Purchase Of Treasury Stock
PurchaseOfTreasuryStock
2880045 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1880000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2967500 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
241272 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
187711 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
3150000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
28318314 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-946484 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28135814 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22591139 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11754558 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4262168 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3565488 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26853307 usd
us-gaap Stock Issued1
StockIssued1
560496 usd
JUPW Feature In Connection With Convertible Notes
FeatureInConnectionWithConvertibleNotes
706977 usd
JUPW Feature In Connection With Convertible Notes
FeatureInConnectionWithConvertibleNotes
1446531 usd
JUPW Common Stock Issued In Connection With Promissory Notes
CommonStockIssuedInConnectionWithPromissoryNotes
277500 usd
JUPW Treasury Share Cancelled
TreasuryShareCancelled
2579894 usd
JUPW Cashless Exercise Of Options
CashlessExerciseOfOptions
222 usd
JUPW Initial Rou Asset And Lease Liability
InitialRouAssetAndLeaseLiability
870406 usd
JUPW Fair Value Of Shares Issued For Intellectual Property
FairValueOfSharesIssuedForIntellectualProperty
525000 usd
JUPW Cancellation Of Shares Issued To Management
CancellationOfSharesIssuedToManagement
57 usd
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_840_eus-gaap--BasisOfAccounting_zo832UGJMjxb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zIFZVFIq20P2">Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of US Securities and Exchange Commission (“SEC”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Jupiter Wellness, Inc., a Florida corporation, Magical Beasts, LLC, a Nevada limited liability company and SRM Entertainment, Limited, a Hong Kong private limited company. All intercompany accounts and transactions have been eliminated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_ziGkgsnwqAJ7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zqC3rgbKMOqg">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP 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 expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3565488 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2332426 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-4808430 usd
us-gaap Net Income Loss
NetIncomeLoss
-6692957 usd
us-gaap Net Income Loss
NetIncomeLoss
-11155267 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21530012 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19821999 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22191644 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14151337 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21530012 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19821999 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22191644 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14151337 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
308690 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
300000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
103025 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
60529 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
649650 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
695319 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
104851 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
104851 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
880154 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
617302 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
397272 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
304266 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54663 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
72883 usd
CY2022Q3 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
309754 usd
CY2021Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
364417 usd
CY2022Q3 JUPW Intellectual Property
IntellectualProperty
375000 usd
CY2021Q4 JUPW Intellectual Property
IntellectualProperty
375000 usd
CY2022Q3 JUPW Clinical Research Agreement
ClinicalResearchAgreement
1500000 usd
CY2022Q3 JUPW Amount Of Clinical Research Agreement
AmountOfClinicalResearchAgreement
3000000 usd
CY2022Q3 JUPW Prepaid Clinical Research Costs
PrepaidClinicalResearchCosts
1287500 usd
CY2020Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
525000 usd
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
32856 usd
CY2021Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
525000 usd
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
35496 usd
CY2021Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
186832 shares
CY2021Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
3.00
CY2021Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
3150000 usd
CY2021Q2 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
The 2021 Notes were issued with an Original Issue Discount (“OID”) of five percent (5%), a term of six months, an annual interest rate of eight percent (8%) and convertible into shares of the Company’s common stock at a conversion price of $6.00 per share.
CY2021Q2 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
525000 shares
CY2021Q2 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
1026300 usd
CY2021Q2 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
203532 usd
CY2021Q2 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
62033 usd
CY2022Q3 JUPW Original Issuance Discount
OriginalIssuanceDiscount
5 pure
us-gaap Legal Fees
LegalFees
10000 usd
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
2.79
CY2022Q3 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.79
CY2022Q2 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
1245279 usd
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
525000 usd
us-gaap Notes Issued1
NotesIssued1
2000000 usd
CY2021 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
525000 usd
CY2021 us-gaap Notes Issued1
NotesIssued1
3150000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3150000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2000000 usd
CY2020Q3 us-gaap Loss Contingency Name Of Plaintiff
LossContingencyNameOfPlaintiff
Ms. Whitley
CY2020Q3 us-gaap Loss Contingency Name Of Defendant
LossContingencyNameOfDefendant
Magical Beasts
CY2020Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1000000 usd
CY2020Q4 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
336450 usd
CY2020Q4 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
300000 usd
CY2020Q4 JUPW Shares Issued For Legal Settlement
SharesIssuedForLegalSettlement
8500 shares
CY2020Q4 JUPW Loss Contingency Damages Sought Value Outstanding
LossContingencyDamagesSoughtValueOutstanding
691500 usd
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
669200 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21663888 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21663888 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2825617 shares
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2825617 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24046001 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24046001 shares
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
28318314 usd
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
442650 shares
JUPW Capital Structure Description
CapitalStructureDescription
the Company submitted a final compliance plan to Nasdaq consisting of the following corrective actions: (1) on July 20, 2022, the Company’s four executive officers (Messrs. John, Miller, and McKinnon and Dr. Wilson), all of whom are on the Company’s Board of Directors except for Mr. McKinnon, each cancelled 2,750 options issued to them in August 2021 pursuant to an Incentive Stock Option Forfeiture Agreement. The cancellation of the 11,000 options in total enabled the issuance of 11,000 shares to a non-executive employee that took place in 2021 to be reallocated to be accounted for as if it was originally issued under the 2020 Equity Incentive Plan. The Company’s Board of Directors passed a resolution on July 25, 2022, making the corresponding change to the Company’s books and records with regard to the 11,000 shares; and (2) on July 26, 2022, the same four executive officers, returned, and the Company cancelled, a total of 56,496 shares of common stock issued to them in 2021 outside of a shareholder approved equity compensation plan.
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.00
CY2020Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
156612 usd
CY2020Q1 us-gaap Officers Compensation
OfficersCompensation
150000 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
285000 usd
JUPW Common Stock Issued For Services
CommonStockIssuedForServices
192000 usd
JUPW Stock Payable
StockPayable
477000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1123333 shares
CY2020Q4 JUPW Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
8.30
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
13698125 shares
CY2021Q4 JUPW Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
3.24
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
15158125 shares
CY2022Q3 JUPW Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
3.04
CY2022Q3 JUPW Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableNumber
13698125 shares
CY2022Q3 JUPW Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageExercisePrice
3.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
300000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.00
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4383950 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
211000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4975619 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4675610 shares
CY2020Q1 JUPW Closing Cash
ClosingCash
250000 usd
CY2020Q1 us-gaap Notes Payable Current
NotesPayableCurrent
1000000 usd
CY2020Q4 JUPW Note Payable Discount Price
NotePayableDiscountPrice
950427 usd
CY2020Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
250000 shares
CY2020Q3 us-gaap Business Combination Assets Arising From Contingencies Amount Recognized
BusinessCombinationAssetsArisingFromContingenciesAmountRecognized
250000 usd
CY2020Q4 JUPW Business Acquisiton Of Note Payable
BusinessAcquisitonOfNotePayable
1000000 usd
CY2020Q4 JUPW Business Acquisitionof Settlement Agreement
BusinessAcquisitionofSettlementAgreement
336450 usd
CY2020Q4 JUPW Business Acquisition Of Agreement Payment
BusinessAcquisitionOfAgreementPayment
1000000 usd
CY2020Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
300000 usd
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8500 shares
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
8500 usd
CY2020Q4 JUPW Business Acquisiton Offset Amount
BusinessAcquisitonOffsetAmount
308500 usd
CY2020Q4 JUPW Business Acquisiton Of Note Payable
BusinessAcquisitonOfNotePayable
1000000 usd
CY2021Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
334000 usd
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
150000 usd
CY2021Q1 us-gaap Ownshare Lending Arrangement Dividends Not Reimbursed
OwnshareLendingArrangementDividendsNotReimbursed
5541 usd
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
669200 usd
CY2021Q1 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
691500 usd
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22300 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
180456 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
240662 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
201260 usd
CY2022Q3 JUPW Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
247882 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
224330 usd
CY2022Q3 JUPW Lessee Operating Lease Liability Payments Due Year Eight
LesseeOperatingLeaseLiabilityPaymentsDueYearEight
255319 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
229312 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
233653 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
564935 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
695961 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
46466 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
33885 usd
CY2020Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
5000000 usd
CY2020Q3 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
5000000 usd

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