2023 Q2 Form 10-K Financial Statement

#000149315223022193 Filed on June 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $2.900M $3.364M $16.10M
YoY Change -45.32% -45.99% -53.22%
Cost Of Revenue $845.8K $1.786M $6.845M
YoY Change -48.96% -18.66% -36.63%
Gross Profit $2.032M $1.579M $9.257M
YoY Change -44.27% -60.86% -60.81%
Gross Profit Margin 70.08% 46.93% 57.49%
Selling, General & Admin $3.709M $4.560M $24.07M
YoY Change -49.26% -47.47% -34.86%
% of Gross Profit 182.48% 288.84% 260.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $178.2K $187.3K $583.4K
YoY Change 4.2% -40.27% -10.97%
% of Gross Profit 8.77% 11.86% 6.3%
Operating Expenses $3.709M $4.560M $24.07M
YoY Change -49.26% -47.47% -34.86%
Operating Profit -$1.676M -$2.982M -$14.81M
YoY Change -54.23% -35.84% 11.12%
Interest Expense $905.8K $1.814M $13.21M
YoY Change -70.97% -167.18% -254.71%
% of Operating Profit
Other Income/Expense, Net -$736.0K -$4.964M -$22.87M
YoY Change -137.37% -809.29% -1094.22%
Pretax Income -$2.412M -$6.132M -$37.69M
YoY Change 42.5% -25.75% 87.09%
Income Tax $12.10K $789.8K
% Of Pretax Income
Net Earnings -$2.424M -$6.921M -$37.69M
YoY Change 79.18% 77.31% 120.3%
Net Earnings / Revenue -83.6% -205.72% -234.04%
Basic Earnings Per Share -$0.01 -$0.14
Diluted Earnings Per Share -$0.01 -$0.02 -$0.14
COMMON SHARES
Basic Shares Outstanding 376.3M shares 262.8M shares 274.1M shares
Diluted Shares Outstanding 370.9M shares 274.1M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.370M $2.995M $2.995M
YoY Change -90.52% -82.41% -82.41%
Cash & Equivalents $1.370M $3.000M $2.995M
Short-Term Investments
Other Short-Term Assets $1.063M $527.8K $239.2K
YoY Change -56.22% -84.97% -92.35%
Inventory $1.478M $1.636M $1.925M
Prepaid Expenses
Receivables $532.4K $300.0K $273.7K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.443M $5.433M $5.433M
YoY Change -80.6% -79.8% -79.8%
LONG-TERM ASSETS
Property, Plant & Equipment $466.5K $9.270M $9.718M
YoY Change -95.13% -3.29% -4.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $206.2K $206.2K
YoY Change -100.0% -95.93% -95.93%
Other Assets $1.184M $1.177M $1.177M
YoY Change 594.04% 351.65% 244.36%
Total Long-Term Assets $2.597M $11.65M $11.65M
YoY Change -87.6% -28.43% -28.43%
TOTAL ASSETS
Total Short-Term Assets $4.443M $5.433M $5.433M
Total Long-Term Assets $2.597M $11.65M $11.65M
Total Assets $7.041M $17.08M $17.08M
YoY Change -83.94% -60.43% -60.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.001M $1.029M $7.951M
YoY Change 74.07% 4.4% 707.05%
Accrued Expenses $5.282M $6.190M $6.190M
YoY Change 1291.69% -14.92% -14.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $24.66M $24.83M $24.83M
YoY Change 251.43% 150.81% 150.81%
Total Short-Term Liabilities $31.23M $39.36M $39.36M
YoY Change 49.25% 101.85% 101.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $427.2K $440.5K $440.5K
YoY Change -7.44% -47.26% -47.26%
Total Long-Term Liabilities $427.2K $440.5K $440.5K
YoY Change -7.44% -47.26% -47.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.23M $39.36M $39.36M
Total Long-Term Liabilities $427.2K $440.5K $440.5K
Total Liabilities $31.65M $39.80M $39.80M
YoY Change 44.31% 95.73% 95.73%
SHAREHOLDERS EQUITY
Retained Earnings -$108.9M -$106.5M
YoY Change 83.83% 83.98%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $626.2K
YoY Change
Treasury Stock Shares
Shareholders Equity -$24.61M -$22.72M -$22.72M
YoY Change
Total Liabilities & Shareholders Equity $7.041M $17.08M $17.08M
YoY Change -83.94% -60.43% -60.43%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$2.424M -$6.921M -$37.69M
YoY Change 79.18% 77.31% 120.3%
Depreciation, Depletion And Amortization $178.2K $187.3K $583.4K
YoY Change 4.2% -40.27% -10.97%
Cash From Operating Activities -$1.789M -$179.4K -$9.025M
YoY Change -52.63% -91.24% -40.73%
INVESTING ACTIVITIES
Capital Expenditures -$207.6K $1.196M
YoY Change 22.59% -112.82%
Acquisitions
YoY Change
Other Investing Activities $4.493M -$5.634M
YoY Change -1074.45% 60.42%
Cash From Investing Activities $4.701M -$6.830M
YoY Change -845.63% -46.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.583M $1.919M
YoY Change 4724.16% -94.18%
NET CHANGE
Cash From Operating Activities -$1.789M -179.4K -$9.025M
Cash From Investing Activities 4.701M -$6.830M
Cash From Financing Activities -4.583M $1.919M
Net Change In Cash -$1.625M -61.59K -$14.03M
YoY Change -36.77% -97.78% -385.82%
FREE CASH FLOW
Cash From Operating Activities -$1.789M -$179.4K -$9.025M
Capital Expenditures -$207.6K $1.196M
Free Cash Flow -$1.789M $28.15K -$10.22M
YoY Change -54.28% -101.5% 73.41%

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CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2022 us-gaap Interest Expense
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CY2023 SHRG Gain On Employee Warrants Liability
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173432 usd
CY2022 SHRG Gain On Employee Warrants Liability
GainOnEmployeeWarrantsLiability
2511350 usd
CY2022 SHRG Gain On Extinguishment Of Debt
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1040400 usd
CY2022 SHRG Impairment Gain Loss On Assets
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3663940 usd
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CY2022 us-gaap Nonoperating Income Expense
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
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EarningsPerShareDiluted
-0.14
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
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WeightedAverageNumberOfSharesOutstandingBasic
274108025 shares
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WeightedAverageNumberOfSharesOutstandingBasic
206211711 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
274108025 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206211711 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17106497 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-25053 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
10877730 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
12231501 usd
CY2023 SHRG Amortization Of Prepaid Consulting Fees
AmortizationOfPrepaidConsultingFees
2867123 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
324229 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1040400 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
2331554 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
162392 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
-9939290 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
3663940 usd
CY2022 SHRG Noncash Consulting Expense
NoncashConsultingExpense
632877 usd
CY2023 SHRG Provisions For Obsolete Inventory
ProvisionsForObsoleteInventory
1788999 usd
CY2022 SHRG Provisions For Obsolete Inventory
ProvisionsForObsoleteInventory
635137 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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-1560481 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
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163599 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1152522 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2579581 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
97073 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1098003 usd
CY2022 us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
459 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-304637 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
385013 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2110592 usd
CY2023 SHRG Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
25224 usd
CY2022 SHRG Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-19073 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1043420 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2663745 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9025388 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15226654 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1196406 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9331967 usd
CY2023 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
313592 usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
579790 usd
CY2023 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5000 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
400000 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
2937000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6830094 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12843757 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
30000000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
4611342 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
100000 usd
CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3270000 usd
CY2023 SHRG Payment In Connection With Litigation Settlement
PaymentInConnectionWithLitigationSettlement
1043645 usd
CY2023 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3078607 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1918706 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32978607 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-91605 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-29339 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14028381 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4878857 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17023266 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12144409 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2994885 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17023266 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1708409 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9525 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
47489 usd
CY2023 SHRG Debt Modification
DebtModification
10363126 usd
CY2023 us-gaap Stock Issued1
StockIssued1
552000 usd
CY2023 SHRG Common Stock Issued To Settle Management Fees Payable
CommonStockIssuedToSettleManagementFeesPayable
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CY2022 SHRG Loan Fees And Interest Obligations Settled With Shares Of Common Stock
LoanFeesAndInterestObligationsSettledWithSharesOfCommonStock
8900000 usd
CY2022 SHRG Rightofuse Assets Obtained In Exchange For Operating Lease Liability
RightofuseAssetsObtainedInExchangeForOperatingLeaseLiability
523998 usd
CY2022 SHRG Investment Origination Fee Collected In Shares Of Investee Stock
InvestmentOriginationFeeCollectedInSharesOfInvesteeStock
500000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
6159039 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3000000 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
5400000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
21330000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
177879 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3780000 usd
CY2022 SHRG Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
153632 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
65109 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
22828944 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
22828944 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
22828944 usd
CY2023 SHRG Refinancing Of Debt And Detachable Warrants
RefinancingOfDebtAndDetachableWarrants
2029454 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
652278 usd
CY2023 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-10363126 usd
CY2023 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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CY2023 SHRG Stock Issued During Period Value Common Stock Issued To Settle Accrued Interest Payable
StockIssuedDuringPeriodValueCommonStockIssuedToSettleAccruedInterestPayable
552000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
109780 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
243196 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16100000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34400000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-37700000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17100000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-106500000 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-57900000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3000000.0 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
1800000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
635137 usd
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
3511282 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_849_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zGbgAHZpGgYk" 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"><b><span id="xdx_860_zS6fosvbVnub">Reclassifications</span></b></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> <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">Certain reclassifications have been made to the prior year’s data to conform with the current year’s presentation.</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"><b> </b></span></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_z2BA6Ae3X511" 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"><b><span id="xdx_869_zA2zOrPSGxuk">Use of Estimates and Assumptions</span></b></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> <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">The preparation of financial statements in accordance with GAAP requires the use of judgment and requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures about contingent assets and liabilities, if any. Matters that require the use of estimates and assumptions include, among others: the recoverability of accounts and notes receivable, the valuation of inventory, the useful lives of fixed assets, the assessment of long-lived assets for impairment, the nature and timing of satisfaction of multiple performance obligations resulting from contracts with customers, the allocation of the transaction price to multiple performance obligations in a sales transaction, the measurement and recognition of right-of-use assets and related lease liabilities, the valuation of share-based compensation awards, the provision for income taxes, the measurement and recognition of uncertain tax positions, the valuation of long-term debt covenants, and the valuation of loss contingencies, if any. Actual results may differ from these estimates in amounts that may be material to our consolidated financial statements. We believe that the estimates and assumptions used in the preparation of our consolidated financial statements are reasonable.</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>
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CreditCardReceivables
500000 usd
CY2022Q1 us-gaap Credit Card Receivables
CreditCardReceivables
3300000 usd
CY2023Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1300000 usd
CY2022Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1400000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
300000 usd
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AccountsReceivableNetCurrent
1700000 usd
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AllowanceForDoubtfulAccountsReceivable
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CY2023Q1 us-gaap Deferred Revenue
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CY2022Q1 us-gaap Deferred Revenue
DeferredRevenue
344071 usd
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SalesCommissionsAndFees
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CY2022 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
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AllocatedShareBasedCompensationExpense
160225 usd
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EmployeeBenefitsAndShareBasedCompensation
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CY2023 SHRG Stock Based Compensation Fully Vested
StockBasedCompensationFullyVested
173432 usd
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AllocatedShareBasedCompensationExpense
2300000 usd
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EmployeeBenefitsAndShareBasedCompensation
186264 usd
CY2022 SHRG Stock Based Compensation Fully Vested
StockBasedCompensationFullyVested
2500000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8952555 usd
CY2022Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8976878 usd
CY2023Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1024274 usd
CY2023Q1 us-gaap Investments
Investments
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CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
206231 usd
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ConvertibleDebtFairValueDisclosures
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LiabilitiesFairValueDisclosure
24827086 usd
CY2022Q1 us-gaap Investments
Investments
5063940 usd
CY2022Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
5063940 usd
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ConvertibleDebtFairValueDisclosures
5840000 usd
CY2022Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
5840000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
-17106497 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274108025 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206211711 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1338876599 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
234186020 shares
CY2023Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
915112 usd
CY2022Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
601520 usd
CY2023Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
915112 usd
CY2022Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
601520 usd
CY2022Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
601520 usd
CY2021Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
114599 usd
CY2023 SHRG Notes Receivable Provision For Estimated Impairment Losses
NotesReceivableProvisionForEstimatedImpairmentLosses
313592 usd
CY2022 SHRG Notes Receivable Provision For Estimated Impairment Losses
NotesReceivableProvisionForEstimatedImpairmentLosses
491921 usd
CY2022 SHRG Notes Receivable Writeoffs And Recoveries
NotesReceivableWriteoffsAndRecoveries
-5000 usd
CY2023Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
915112 usd
CY2022Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
601520 usd
CY2022Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
179765 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
527827 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2517046 usd
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4482291 usd
CY2023Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
880926 usd
CY2022Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
108055 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
1636120 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
4374236 usd
CY2022Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
108055 usd
CY2021Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
85058 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
1788999 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
635137 usd
CY2023 SHRG Writeoffs And Recoveries
WriteoffsAndRecoveries
-1016128 usd
CY2022 SHRG Writeoffs And Recoveries
WriteoffsAndRecoveries
-612140 usd
CY2023Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
880926 usd
CY2022Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
108055 usd
CY2022Q1 SHRG Prepaid Consulting Fees
PrepaidConsultingFees
2867123 usd
CY2023Q1 SHRG Inventory Related Deposits
InventoryRelatedDeposits
288649 usd
CY2022Q1 SHRG Inventory Related Deposits
InventoryRelatedDeposits
384477 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
167578 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
105652 usd
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
201275 usd
CY2023Q1 SHRG Deposits For Sales Events
DepositsForSalesEvents
120614 usd
CY2022Q1 SHRG Deposits For Sales Events
DepositsForSalesEvents
222540 usd
CY2023Q1 us-gaap Contract With Customer Right To Recover Product Current
ContractWithCustomerRightToRecoverProductCurrent
20975 usd
CY2022Q1 us-gaap Contract With Customer Right To Recover Product Current
ContractWithCustomerRightToRecoverProductCurrent
15632 usd
CY2023Q1 SHRG Other Assets Current Gross
OtherAssetsCurrentGross
703468 usd
CY2022Q1 SHRG Other Assets Current Gross
OtherAssetsCurrentGross
3691047 usd
CY2023Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
175641 usd
CY2022Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
875925 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
237042 usd
CY2022Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
237045 usd
CY2023Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
220264 usd
CY2022Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
223424 usd
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
394306 usd
CY2022Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
263208 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10828441 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10576480 usd
CY2022Q1 SHRG Impairment Of Property And Equipment
ImpairmentOfPropertyAndEquipment
100165 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1558248 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
891174 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9270193 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9585141 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
583369 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
534371 usd
CY2022Q1 SHRG Impairment Of Property And Equipment
ImpairmentOfPropertyAndEquipment
100165 usd
CY2021Q4 us-gaap Land
Land
3675000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3700000 usd
CY2023 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
4900000 usd
CY2023Q1 SHRG Investments Gross
InvestmentsGross
1743231 usd
CY2022Q1 SHRG Investments Gross
InvestmentsGross
6600940 usd
CY2023Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2022Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2023Q1 us-gaap Investments
Investments
206231 usd
CY2022Q1 us-gaap Investments
Investments
5063940 usd
CY2023 SHRG Schedule Of Allowances For Impairment Losses
ScheduleOfAllowancesForImpairmentLosses
<p id="xdx_89E_ecustom--ScheduleOfAllowancesForImpairmentLosses_zCIKDMQ8BKH8" 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">The following table reflects the activity in the allowance for impairment losses for the periods presented:</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 style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B4_zpkmAyfEzyL9" style="display: none">SCHEDULE OF ALLOWANCE FOR IMPAIRMENT LOSSES</span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="display: none; vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_49C_20220401__20230331_zENoMdT7yFt4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">2023</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_495_20210401__20220331_zipyBFG7A8fh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">2022</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Fiscal Year Ended March 31,</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">2023</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif">2022</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_407_ecustom--AllowanceForImpairmentLosses_iS_zUANQf5H6Ka" style="vertical-align: bottom; background-color: rgb(204,255,204)"> <td style="width: 64%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Balance at beginning of fiscal year</span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,537,000</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl1357">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_ecustom--ProvisionForEstimatedImpairmentLosses_zsT2Pgzdpeif" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif">Provision for estimated impairment losses</span></td><td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl1359">-</span></span><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,537,000</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_ecustom--AllowanceForImpairmentLosses_iE_zmeBeujcXuo6" style="vertical-align: bottom; background-color: rgb(204,255,204)"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">Balance at end of fiscal year</span></td><td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,537,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,537,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table>
CY2022Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2022 SHRG Provision For Estimated Impairment Losses
ProvisionForEstimatedImpairmentLosses
1537000 usd
CY2023Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2022Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
202779 usd
CY2023Q1 us-gaap Notes Payable Current
NotesPayableCurrent
6922043 usd
CY2021Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
1040400 usd
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
8922 usd
CY2023 us-gaap Payments For Loans
PaymentsForLoans
418323 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
10000000 usd
CY2022Q3 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
600000 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.08 pure
CY2022Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-08-12
CY2023Q1 us-gaap Loans Payable
LoansPayable
1500000 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
54384 usd
CY2023Q1 SHRG Deferred Sales Revenues
DeferredSalesRevenues
246811 usd
CY2022Q1 SHRG Deferred Sales Revenues
DeferredSalesRevenues
547217 usd
CY2023Q1 SHRG Liability Associated With Uncertain Tax Positions
LiabilityAssociatedWithUncertainTaxPositions
925795 usd
CY2022Q1 SHRG Liability Associated With Uncertain Tax Positions
LiabilityAssociatedWithUncertainTaxPositions
921987 usd
CY2023Q1 SHRG Accrued Interest Payable
AccruedInterestPayable
536123 usd
CY2022Q1 SHRG Accrued Interest Payable
AccruedInterestPayable
26926 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
329762 usd
CY2022Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
478360 usd
CY2022Q1 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
341919 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41385 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
134578 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
552894 usd
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
628795 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2632770 usd
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3079782 usd
CY2023Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
27000000 usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
30050000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-2172914 usd
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
20151230 usd
CY2023Q1 us-gaap Convertible Debt
ConvertibleDebt
24827086 usd
CY2022Q1 us-gaap Convertible Debt
ConvertibleDebt
9898770 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
24827086 usd
CY2022Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
9898770 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
2000000.0 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
448240 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
593389 usd
CY2023Q1 SHRG Operating Lease Assets
OperatingLeaseAssets
448240 usd
CY2022Q1 SHRG Operating Lease Assets
OperatingLeaseAssets
593389 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41385 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
134578 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
440478 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
461515 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
481863 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
596093 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
303157 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
585015 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
97977 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
100757 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
103536 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
106316 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
109095 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
196441 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
714122 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
232259 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
481863 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-2098199 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100568 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1997631 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1038359 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1038359 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3035990 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.005 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.067 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.013 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.151 pure
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
928525 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
972043 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
2 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
649113 usd
CY2023Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
661050 usd
CY2022Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
660904 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
215542 usd
CY2022Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
141349 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1805119 usd
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2423409 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1805119 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2342204 usd
CY2022Q1 SHRG Deferred Tax Asset Liabilities Net
DeferredTaxAssetLiabilitiesNet
81205 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1800000 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2300000 usd
CY2023Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
3809 usd
CY2022Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
17334 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
921977 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
921977 usd
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
904643 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3809 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
17334 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
921977 usd
CY2022Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
121790 usd
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.20
CY2021Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
27000000.0 shares
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
38300000 shares
CY2023 SHRG Liability Settlement Amount
LiabilitySettlementAmount
2.0 usd
CY2022 SHRG Liability Settlement Amount
LiabilitySettlementAmount
715596 usd
CY2023 SHRG Consulting Income
ConsultingIncome
50000 usd
CY2022 SHRG Consulting Income
ConsultingIncome
33000 usd
CY2023Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
2200000000 shares
CY2023Q1 SHRG Capital Stock Par Or Stated Value Per Share
CapitalStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 SHRG Loan Origination Fee Shares
LoanOriginationFeeShares
15000000.0 shares
CY2021Q2 SHRG Prepayment Of Interest Shares
PrepaymentOfInterestShares
12000000.0 shares
CY2021Q2 SHRG Deemed Dividend Related Party Transaction
DeemedDividendRelatedPartyTransaction
1100000 usd
CY2021Q4 SHRG Deemed Dividend Related Party Transaction
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2300000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Other
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CY2021 us-gaap Stock Issued During Period Shares New Issues
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CY2021 SHRG Sharebased Compensation Arrangement By Sharebased Value Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedValuePaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3600000 usd
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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CY2021Q1 SHRG Share Based Compensation Arrangement By Share Based Payment Award Non Options Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsEquityInstrumentsOutstandingWeightedAverageExercisePrice
0.20
CY2022 SHRG Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm2
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CY2023 SHRG Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm2
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CY2023 SHRG Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Granted In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
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CY2023 SHRG Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Expired In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionEquityInstrumentsExpiredInPeriodWeightedAverageExercisePrice
0.06
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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8444663 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.001
CY2023Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
109780 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2023Q1 SHRG Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
23749663 shares
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16102136 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34424314 usd
CY2023 us-gaap Gross Profit
GrossProfit
9256670 usd
CY2022 us-gaap Gross Profit
GrossProfit
23622443 usd
CY2023 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6989660 usd
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
17239655 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17081915 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19714963 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-14814905 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-13332175 usd
CY2023Q1 us-gaap Assets
Assets
17079715 usd
CY2022Q1 us-gaap Assets
Assets
43164724 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1196406 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9331967 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
726666 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
655267 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16102136 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34424314 usd
CY2023Q1 us-gaap Assets
Assets
17079715 usd
CY2022Q1 us-gaap Assets
Assets
43164724 usd

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