$SHRG
SHARING SERVICES GLOBAL Corp

2023 Q4 Form 10-Q Financial Statement

#000149315223041207 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $2.886M $2.409M
YoY Change -11.1% -42.49%
Cost Of Revenue $701.7K $669.8K
YoY Change -57.3% -61.94%
Gross Profit $2.184M $1.739M
YoY Change 36.26% -28.39%
Gross Profit Margin 75.68% 72.19%
Selling, General & Admin $2.921M $2.859M
YoY Change -47.91% -56.65%
% of Gross Profit 133.73% 164.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $135.1K $129.3K
YoY Change -33.7% -21.43%
% of Gross Profit 6.19% 7.43%
Operating Expenses $2.921M $2.859M
YoY Change -47.91% -56.65%
Operating Profit -$736.7K -$1.120M
YoY Change -81.6% -73.11%
Interest Expense $137.4K $1.963M
YoY Change -95.86% -40.89%
% of Operating Profit
Other Income/Expense, Net -$154.4K -$346.5K
YoY Change -97.77% -97.65%
Pretax Income -$891.0K -$1.467M
YoY Change -91.84% -92.26%
Income Tax $3.554K -$12.10K
% Of Pretax Income
Net Earnings -$894.6K -$1.455M
YoY Change -91.89% -92.09%
Net Earnings / Revenue -31.0% -60.4%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 376.3M shares 376.3M shares
Diluted Shares Outstanding 376.3M shares 376.3M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $737.9K $1.385M
YoY Change -76.29% -78.55%
Cash & Equivalents $737.9K $1.385M
Short-Term Investments
Other Short-Term Assets $226.4K $222.4K
YoY Change -58.98% -85.37%
Inventory $2.191M $2.201M
Prepaid Expenses
Receivables $494.5K $434.2K
Other Receivables $1.800M $1.800M
Total Short-Term Assets $5.481M $6.043M
YoY Change -34.75% -55.24%
LONG-TERM ASSETS
Property, Plant & Equipment $325.5K $377.7K
YoY Change -96.55% -96.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $1.162M $1.184M
YoY Change -1.8% 1.08%
Total Long-Term Assets $2.341M $2.462M
YoY Change -85.45% -87.55%
TOTAL ASSETS
Total Short-Term Assets $5.481M $6.043M
Total Long-Term Assets $2.341M $2.462M
Total Assets $7.821M $8.505M
YoY Change -68.06% -74.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.085M $1.060M
YoY Change 25.0% 12.69%
Accrued Expenses $1.114M $947.7K
YoY Change 36.45% 4.97%
Deferred Revenue
YoY Change
Short-Term Debt $1.200M $1.200M
YoY Change -89.12% -89.04%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $8.225M $8.009M
YoY Change -73.96% -72.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $416.3K $416.3K
YoY Change 0.65% 0.65%
Total Long-Term Liabilities $416.3K $416.3K
YoY Change 0.65% 0.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.225M $8.009M
Total Long-Term Liabilities $416.3K $416.3K
Total Liabilities $8.641M $8.426M
YoY Change -73.0% -71.96%
SHAREHOLDERS EQUITY
Retained Earnings -$111.2M -$110.3M
YoY Change 25.47% 42.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$819.8K $78.84K
YoY Change
Total Liabilities & Shareholders Equity $7.821M $8.505M
YoY Change -68.06% -74.44%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$894.6K -$1.455M
YoY Change -91.89% -92.09%
Depreciation, Depletion And Amortization $135.1K $129.3K
YoY Change -33.7% -21.43%
Cash From Operating Activities -$455.1K -$1.181M
YoY Change -86.65% -28.85%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 1.200M
YoY Change -100.0% -76.72%
NET CHANGE
Cash From Operating Activities -455.1K -1.181M
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 0.000 1.200M
Net Change In Cash -455.1K 18.67K
YoY Change -86.85% -100.24%
FREE CASH FLOW
Cash From Operating Activities -$455.1K -$1.181M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$455.1K -$1.181M
YoY Change -86.85% 165.87%

Facts In Submission

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.004
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
376328885 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
376328885 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262832833 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262832833 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
373961126 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
373961126 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
270531857 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
270531857 shares
us-gaap Net Income Loss
NetIncomeLoss
-3879148 usd
us-gaap Net Income Loss
NetIncomeLoss
-19738913 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
307499 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
335571 usd
us-gaap Share Based Compensation
ShareBasedCompensation
-148267 usd
us-gaap Share Based Compensation
ShareBasedCompensation
-152381 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2015542 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
6994167 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-38209 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
350320 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
154182 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
177115 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
107800 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-6669760 usd
SHRG Provisions For Obsolete Inventory
ProvisionsForObsoleteInventory
2112 usd
SHRG Provisions For Obsolete Inventory
ProvisionsForObsoleteInventory
433714 usd
SHRG Noncash Item Income
NoncashItemIncome
-1800000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
337659 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
182343 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
784928 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-514591 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-742337 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-422894 usd
us-gaap Increase Decrease In Other Regulatory Assets
IncreaseDecreaseInOtherRegulatoryAssets
153324 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
57396 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
762392 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-577235 usd
SHRG Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
768 usd
SHRG Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
17541 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
638717 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-694905 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2970305 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5436809 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1352792 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
241942 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
9510000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
400000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11504734 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
10922329 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1200000 usd
SHRG Common Stock Received On Litigation Settlement
CommonStockReceivedOnLitigationSettlement
1046254 usd
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
3348811 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1200000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6527264 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
160759 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-150122 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1609546 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10564401 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1385339 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6458865 usd
us-gaap Interest Paid Net
InterestPaidNet
24279 usd
us-gaap Interest Paid Net
InterestPaidNet
127790 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
550 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
26169368 usd
SHRG Stock Issued During Period Value Common Stock Issued To Settle Accrued Interest Payable
StockIssuedDuringPeriodValueCommonStockIssuedToSettleAccruedInterestPayable
539806 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
27604 usd
us-gaap Net Income Loss
NetIncomeLoss
-3879148 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
78837 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
78837 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
22828944 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
22828944 usd
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
1172167 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
26091136 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
626187 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
626187 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
408017 usd
us-gaap Net Income Loss
NetIncomeLoss
-19738913 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
3227994 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
3227994 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1500000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-18400000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3900000 usd
us-gaap Net Income Loss
NetIncomeLoss
-19700000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-106500000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_z9sCrO8ZORa4" 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; color: Black"><b><span id="xdx_869_zV3SEfM953Td">Use of Estimates and Assumptions</span></b></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; color: Black"> </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; color: Black">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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q3 us-gaap Credit Card Receivables
CreditCardReceivables
50000.00 usd
CY2023Q1 us-gaap Credit Card Receivables
CreditCardReceivables
500000 usd
CY2023Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
400000 usd
CY2023Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1300000 usd
CY2023Q3 SHRG Allowance For Obsolete Inventory
AllowanceForObsoleteInventory
881868 usd
CY2023Q1 SHRG Allowance For Obsolete Inventory
AllowanceForObsoleteInventory
880926 usd
CY2023Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
1880000 usd
CY2023Q3 SHRG Origination Fee
OriginationFee
24000 usd
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
158463 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
1000000 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 Deferred Revenue
DeferredRevenue
113896 usd
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
250 usd
CY2023Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
700000 usd
CY2022Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
1500000 usd
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
1800000 usd
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
3900000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1454790 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-18385903 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
376328885 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262832833 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
376328885 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
262832833 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.004
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.004
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Net Income Loss
NetIncomeLoss
-3879148 usd
us-gaap Net Income Loss
NetIncomeLoss
-19738913 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
373961126 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
270531857 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
373961126 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
270531857 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
167578 usd
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6320000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
275689846 shares
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3082878 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2517046 usd
CY2023Q3 us-gaap Inventory Adjustments
InventoryAdjustments
881868 usd
CY2023Q1 us-gaap Inventory Adjustments
InventoryAdjustments
880926 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
2201010 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
1636120 usd
CY2023Q3 SHRG Inventory Related Deposits
InventoryRelatedDeposits
324781 usd
CY2023Q1 SHRG Inventory Related Deposits
InventoryRelatedDeposits
288649 usd
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
52686 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
105652 usd
CY2023Q1 SHRG Deposits For Sales Events
DepositsForSalesEvents
120614 usd
CY2023Q3 us-gaap Contract With Customer Right To Recover Product Current
ContractWithCustomerRightToRecoverProductCurrent
20331 usd
CY2023Q1 us-gaap Contract With Customer Right To Recover Product Current
ContractWithCustomerRightToRecoverProductCurrent
20975 usd
CY2023Q3 SHRG Other Assets Current Gross
OtherAssetsCurrentGross
398048 usd
CY2023Q1 SHRG Other Assets Current Gross
OtherAssetsCurrentGross
703468 usd
CY2023Q3 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
175641 usd
CY2023Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
175641 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
222407 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
527827 usd
CY2023Q3 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
176000 usd
CY2023Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
176000 usd
CY2022Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-4865354 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
27000000.0 usd
CY2023Q3 SHRG Investments Gross
InvestmentsGross
1537000 usd
CY2023Q1 SHRG Investments Gross
InvestmentsGross
1743231 usd
CY2023Q3 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2023Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2023Q1 us-gaap Investments
Investments
206231 usd
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8952555 usd
CY2023Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1024274 usd
CY2023Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1024274 usd
CY2023Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
237042 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
237042 usd
CY2023Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
220264 usd
CY2023Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
220264 usd
CY2023Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
394306 usd
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
394306 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1875886 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10828441 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1498234 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1558248 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
377652 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9270193 usd
us-gaap Loans Assumed1
LoansAssumed1
27000000.0 usd
CY2023Q3 SHRG Deferred Sales Revenues
DeferredSalesRevenues
262434 usd
CY2023Q1 SHRG Deferred Sales Revenues
DeferredSalesRevenues
246811 usd
CY2023Q3 SHRG Liability Associated With Uncertain Tax Positions
LiabilityAssociatedWithUncertainTaxPositions
925795 usd
CY2023Q1 SHRG Liability Associated With Uncertain Tax Positions
LiabilityAssociatedWithUncertainTaxPositions
925795 usd
CY2023Q1 SHRG Accrued Interest Payable
AccruedInterestPayable
536123 usd
CY2023Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
207565 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
329762 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44650 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41385 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
947728 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
701161 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2388171 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2781037 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
947728 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
533583 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-2172914 usd
CY2023Q1 us-gaap Convertible Debt
ConvertibleDebt
24827086 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
24827086 usd
CY2023Q1 us-gaap Investments
Investments
206231 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
206231 usd
CY2023Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
24827086 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.002 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.002 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.8 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.210 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.156 pure
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0502 pure
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
2000000.0 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
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
27000000.0 usd
SHRG Consulting Expenses
ConsultingExpenses
0 usd
SHRG Consulting Expenses
ConsultingExpenses
872603 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
8444663 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.0001
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
109780 usd
CY2023Q3 SHRG Gain Loss On Employee Warrants Liability
GainLossOnEmployeeWarrantsLiability
0 usd
CY2022Q3 SHRG Gain Loss On Employee Warrants Liability
GainLossOnEmployeeWarrantsLiability
114960 usd
CY2023Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
24827086 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
426297 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
448240 usd
CY2023Q3 SHRG Operating Lease Assets
OperatingLeaseAssets
426297 usd
CY2023Q1 SHRG Operating Lease Assets
OperatingLeaseAssets
448240 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44650 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
41385 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
416277 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
440478 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
460927 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
481863 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
28289 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
21831 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
55823 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
45009 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
49336 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
100757 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
103536 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
106316 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
109095 usd
CY2023Q3 SHRG Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
196441 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
665481 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
204554 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
460927 usd

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0001493152-23-041207.txt Edgar Link pending
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ex31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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shrg-20230930.xsd Edgar Link pending
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