2024 Q2 Form 10-K Financial Statement

#000149315224025787 Filed on July 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $2.222M $2.706M $10.88M
YoY Change -23.4% -19.58% -32.44%
Cost Of Revenue $676.9K $1.616M $3.833M
YoY Change -19.98% -9.51% -44.01%
Gross Profit $1.545M $1.090M $7.045M
YoY Change -23.99% -30.96% -23.89%
Gross Profit Margin 69.53% 40.29% 64.76%
Selling, General & Admin $2.182M $2.456M $11.94M
YoY Change -41.17% -46.14% -50.38%
% of Gross Profit 141.25% 225.31% 169.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $73.15K $128.0K $427.4K
YoY Change -58.96% -31.67% -26.73%
% of Gross Profit 4.74% 11.74% 6.07%
Operating Expenses $2.182M $2.456M $11.94M
YoY Change -41.17% -46.14% -50.38%
Operating Profit -$637.2K -$1.366M -$4.899M
YoY Change -61.99% -54.18% -66.93%
Interest Expense -$335.1K -$228.9K $3.148M
YoY Change -136.99% -112.62% -76.17%
% of Operating Profit
Other Income/Expense, Net -$331.4K -$354.9K -$1.812M
YoY Change -54.97% -92.85% -92.08%
Pretax Income -$968.6K -$1.941M -$6.712M
YoY Change -59.85% -68.34% -82.19%
Income Tax -$3.550K
% Of Pretax Income
Net Earnings -$968.6K -$1.938M -$6.712M
YoY Change -60.05% -72.0% -82.19%
Net Earnings / Revenue -43.6% -71.62% -61.7%
Basic Earnings Per Share $0.00 -$0.02
Diluted Earnings Per Share $0.00 -$0.01 -$0.02
COMMON SHARES
Basic Shares Outstanding 376.3M shares 376.3M shares 375.0M shares
Diluted Shares Outstanding 376.3M shares 375.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $580.4K $894.2K $894.2K
YoY Change -57.64% -70.14% -70.14%
Cash & Equivalents $580.3K $894.2K $894.2K
Short-Term Investments
Other Short-Term Assets $220.9K $132.7K -$120.2K
YoY Change -79.23% -74.86% -150.25%
Inventory $1.196M $1.319M $1.572M
Prepaid Expenses
Receivables $300.9K $280.8K $280.8K
Other Receivables $1.800M $1.800M $1.800M
Total Short-Term Assets $4.098M $4.426M $4.426M
YoY Change -7.77% -18.52% -18.52%
LONG-TERM ASSETS
Property, Plant & Equipment $207.2K $239.9K $643.1K
YoY Change -55.59% -97.41% -93.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $1.164M $1.163M $1.163M
YoY Change -1.68% -1.17% -1.17%
Total Long-Term Assets $2.129M $2.209M $2.209M
YoY Change -18.05% -81.04% -81.04%
TOTAL ASSETS
Total Short-Term Assets $4.098M $4.426M $4.426M
Total Long-Term Assets $2.129M $2.209M $2.209M
Total Assets $6.227M $6.635M $6.635M
YoY Change -11.56% -61.15% -61.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.115M $1.304M $1.304M
YoY Change 11.44% 26.79% -83.6%
Accrued Expenses $5.845M $5.738M $5.738M
YoY Change 10.65% -7.31% -7.31%
Deferred Revenue
YoY Change
Short-Term Debt $1.200M $1.200M $1.200M
YoY Change
Long-Term Debt Due $268.6K $262.8K $262.8K
YoY Change -98.91% -98.94% -98.94%
Total Short-Term Liabilities $8.578M $8.667M $8.667M
YoY Change -72.53% -77.98% -77.98%
LONG-TERM LIABILITIES
Long-Term Debt $1.006M $324.5K $324.5K
YoY Change
Other Long-Term Liabilities $375.7K $416.3K $416.3K
YoY Change -12.06% -5.49% -5.49%
Total Long-Term Liabilities $1.382M $740.8K $740.8K
YoY Change 223.45% 68.18% 68.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.578M $8.667M $8.667M
Total Long-Term Liabilities $1.382M $740.8K $740.8K
Total Liabilities $9.960M $9.407M $9.407M
YoY Change -68.54% -76.37% -76.37%
SHAREHOLDERS EQUITY
Retained Earnings -$114.1M -$113.2M
YoY Change 4.81% 6.26%
Common Stock $37.63K $37.63K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.733M -$2.772M -$2.772M
YoY Change
Total Liabilities & Shareholders Equity $6.227M $6.635M $6.635M
YoY Change -11.56% -61.15% -61.15%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$968.6K -$1.938M -$6.712M
YoY Change -60.05% -72.0% -82.19%
Depreciation, Depletion And Amortization $73.15K $128.0K $427.4K
YoY Change -58.96% -31.67% -26.73%
Cash From Operating Activities -$821.8K -$304.0K -$3.729M
YoY Change -54.06% 69.43% -58.68%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00
YoY Change -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 $500.0K 475.2K $1.675M
YoY Change -110.37% -12.69%
NET CHANGE
Cash From Operating Activities -$821.8K -304.0K -$3.729M
Cash From Investing Activities 0.000
Cash From Financing Activities $500.0K 475.2K $1.675M
Net Change In Cash -$313.9K 171.2K -$2.101M
YoY Change -80.68% -377.98% -85.03%
FREE CASH FLOW
Cash From Operating Activities -$821.8K -$304.0K -$3.729M
Capital Expenditures $0.00
Free Cash Flow -$304.0K -$3.729M
YoY Change -1180.07% -63.51%

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CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q1 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Stockholders Equity
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CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024 us-gaap Cost Of Goods And Services Sold
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CY2023 us-gaap Cost Of Goods And Services Sold
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CY2024 us-gaap Gross Profit
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CY2023 us-gaap Gross Profit
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CY2024 us-gaap Selling And Marketing Expense
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CY2023 us-gaap Selling And Marketing Expense
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CY2024 us-gaap General And Administrative Expense
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CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17081915 usd
CY2024 us-gaap Operating Expenses
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CY2023 us-gaap Operating Expenses
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24071575 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023 us-gaap Operating Income Loss
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CY2024 us-gaap Interest Expense
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3148032 usd
CY2023 us-gaap Interest Expense
InterestExpense
13212583 usd
CY2024 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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-87303 usd
CY2024 us-gaap Other Income
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1800000 usd
CY2023 SHRG Gain On Employee Warrants Liability
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173432 usd
CY2024 SHRG Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
-108384 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
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-5018735 usd
CY2023 us-gaap Realized Investment Gains Losses
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-4920556 usd
CY2024 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2024 us-gaap Nonoperating Income Expense
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CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6711537 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024 us-gaap Net Income Loss
NetIncomeLoss
-6711537 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-37685163 usd
CY2024 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
46487 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
243196 usd
CY2024 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
374987603 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
374987603 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
274108025 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
274108025 shares
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-6711537 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-37685163 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
570595 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2024 us-gaap Share Based Compensation
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-148267 usd
CY2023 us-gaap Share Based Compensation
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-194004 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-25053 usd
CY2024 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2040291 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
10877730 usd
CY2024 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-87303 usd
CY2023 SHRG Amortization Of Prepaid Consulting Fees
AmortizationOfPrepaidConsultingFees
2867123 usd
CY2024 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-38215 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
324229 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
413551 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
162392 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
-9939290 usd
CY2024 SHRG Provisions For Obsolete Inventory
ProvisionsForObsoleteInventory
777443 usd
CY2023 SHRG Provisions For Obsolete Inventory
ProvisionsForObsoleteInventory
1788999 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
420669 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1560481 usd
CY2024 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1800000 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
459984 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1152522 usd
CY2024 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-763417 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
97073 usd
CY2024 SHRG Increase Decrease In Property And Equipment
IncreaseDecreaseInPropertyAndEquipment
60806 usd
CY2024 us-gaap Increase Decrease In Other Regulatory Assets
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-99843 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
275537 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
808008 usd
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
98960 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
385013 usd
CY2024 SHRG Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
20932 usd
CY2023 SHRG Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
25224 usd
CY2024 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
685733 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1043420 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3729443 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1196406 usd
CY2023 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
313592 usd
CY2023 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4920096 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
400000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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1175251 usd
CY2024 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
500000 usd
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10922329 usd
CY2023 us-gaap Repayments Of Debt
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4611342 usd
CY2023 us-gaap Repayments Of Notes Payable
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3270000 usd
CY2023 SHRG Payment In Connection With Litigation Settlement
PaymentInConnectionWithLitigationSettlement
1043645 usd
CY2023 us-gaap Repayments Of Convertible Debt
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1675251 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-46487 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
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2100679 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
894206 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2994885 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
168279 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1111 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9525 usd
CY2024 SHRG Sale Of Commercial Real Property In Exchange For Relief From Related Party Loans And Other Liabilities
SaleOfCommercialRealPropertyInExchangeForReliefFromRelatedPartyLoansAndOtherLiabilities
7438692 usd
CY2024 SHRG Sale Of Investments In Exchange For Relief From Related Party Note And Other Liabilities
SaleOfInvestmentsInExchangeForReliefFromRelatedPartyNoteAndOtherLiabilities
1500000 usd
CY2023 SHRG Debt Modification
DebtModification
10363126 usd
CY2024 us-gaap Stock Issued1
StockIssued1
539806 usd
CY2023 us-gaap Stock Issued1
StockIssued1
552000 usd
CY2023 SHRG Common Stock Issued To Settle Management Fees Payable
CommonStockIssuedToSettleManagementFeesPayable
700000 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
700000 usd
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
-37685163 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-22723585 usd
CY2024 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
26169368 usd
CY2024 SHRG Stock Issued During Period Value Common Stock Issued To Settle Accrued Interest Payable
StockIssuedDuringPeriodValueCommonStockIssuedToSettleAccruedInterestPayable
539806 usd
CY2024 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
46487 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-6711537 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-2772435 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-2772435 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-6700000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Use Of Estimates
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<p id="xdx_846_eus-gaap--UseOfEstimates_zXmPdVPK0YG6" 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>Use of Estimates and Assumptions</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 trade accounts and other 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>
CY2024Q1 us-gaap Credit Card Receivables
CreditCardReceivables
50000.00 usd
CY2023Q1 us-gaap Credit Card Receivables
CreditCardReceivables
500000 usd
CY2024Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
400000 usd
CY2023Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1300000 usd
CY2024Q1 SHRG Allowance For Obsolete Inventory
AllowanceForObsoleteInventory
1600000 usd
CY2023Q1 SHRG Allowance For Obsolete Inventory
AllowanceForObsoleteInventory
1800000 usd
CY2023Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
1800000 usd
CY2023Q3 SHRG Origination Fee
OriginationFee
24000 usd
CY2022Q4 us-gaap Other Assets
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CY2024Q1 us-gaap Deferred Revenue
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CY2023Q1 us-gaap Deferred Revenue
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113896 usd
CY2022Q1 us-gaap Deferred Revenue
DeferredRevenue
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CY2024 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
3700000 usd
CY2023 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
5800000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
148267 usd
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AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Employee Benefits And Share Based Compensation
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CY2023 SHRG Stock Based Compensation Fully Vested
StockBasedCompensationFullyVested
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CY2024Q1 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
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CY2024Q1 us-gaap Liabilities Fair Value Disclosure
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587303 usd
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
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CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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CY2023Q1 us-gaap Notes Payable Fair Value Disclosure
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CY2023Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
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CY2024 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
374987603 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
274108025 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
540586848 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1338876599 shares
CY2024Q1 us-gaap Accounts Receivable Gross Current
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420135 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
280793 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
273674 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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71167 usd
CY2024 us-gaap Provision For Other Credit Losses
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68175 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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139342 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
71167 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2878569 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2517046 usd
CY2024Q1 SHRG Inventory Promotional Items
InventoryPromotionalItems
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CY2024Q1 us-gaap Inventory Raw Materials And Supplies
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77902 usd
CY2024Q1 us-gaap Inventory Adjustments
InventoryAdjustments
1643749 usd
CY2023Q1 us-gaap Inventory Adjustments
InventoryAdjustments
880926 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
1318662 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
1636120 usd
CY2023Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
880926 usd
CY2022Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
108055 usd
CY2024 us-gaap Inventory Write Down
InventoryWriteDown
778445 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
1788999 usd
CY2024 SHRG Writeoffs And Recoveries
WriteoffsAndRecoveries
-15622 usd
CY2023 SHRG Writeoffs And Recoveries
WriteoffsAndRecoveries
-1016128 usd
CY2024Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
1643749 usd
CY2023Q1 SHRG Allowance For Inventory Obsolescence
AllowanceForInventoryObsolescence
880926 usd
CY2024Q1 SHRG Inventory Related Deposits
InventoryRelatedDeposits
252867 usd
CY2023Q1 SHRG Inventory Related Deposits
InventoryRelatedDeposits
288649 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
167578 usd
CY2024Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
31598 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
105652 usd
CY2024Q1 SHRG Deposits For Sales Events
DepositsForSalesEvents
23850 usd
CY2023Q1 SHRG Deposits For Sales Events
DepositsForSalesEvents
120614 usd
CY2023Q1 us-gaap Contract With Customer Right To Recover Product Current
ContractWithCustomerRightToRecoverProductCurrent
20975 usd
CY2024Q1 SHRG Other Assets Current Gross
OtherAssetsCurrentGross
308315 usd
CY2023Q1 SHRG Other Assets Current Gross
OtherAssetsCurrentGross
703468 usd
CY2024Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
175641 usd
CY2023Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
175641 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
132674 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
527827 usd
CY2024Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
176000 usd
CY2023Q1 SHRG Allowance For Losses Current Assets
AllowanceForLossesCurrentAssets
176000 usd
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8952555 usd
CY2024Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1024274 usd
CY2023Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1024274 usd
CY2024Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
285732 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
237042 usd
CY2024Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
220264 usd
CY2023Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
220264 usd
CY2024Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
399306 usd
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
394306 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1929576 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10828441 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1689633 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2024Q1 us-gaap Property Plant And Equipment Net
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CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2024 us-gaap Depreciation Depletion And Amortization
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021Q4 us-gaap Land
Land
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CY2024 us-gaap Loans Assumed1
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CY2023 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
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CY2023Q2 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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CY2023Q2 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
27000000.0 usd
CY2023Q1 SHRG Investments Gross
InvestmentsGross
1743231 usd
CY2023Q1 SHRG Allowance For Impairment Losses
AllowanceForImpairmentLosses
1537000 usd
CY2023Q1 us-gaap Investments
Investments
206231 usd
CY2024 SHRG Schedule Of Allowances For Impairment Losses
ScheduleOfAllowancesForImpairmentLosses
<p id="xdx_89E_ecustom--ScheduleOfAllowancesForImpairmentLosses_zVRtopw3NqQ2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0pt 0pt 0"><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 id="xdx_8BB_zJnQkNAkviXl" style="display: none">SCHEDULE OF NOTES PAYABLE</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: 80%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49F_20230401__20240331_zH6JXN9N1HY9" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49C_20220401__20230331_zMHxQsKqsnue" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Fiscal Year Ended March 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--AllowanceForNotesAndLoansReceivableCurrent_iS_zdtQDgnS69N5" style="vertical-align: bottom; background-color: rgb(204,255,204)"> <td style="width: 60%; text-align: left">Balance at beginning of fiscal year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,537,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,537,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--ProvisionForWriteOff_zW5sN5Imv1l4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">Write-off</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,537,000</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1295">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--AllowanceForNotesAndLoansReceivableCurrent_iE_zSyCZBW9GEX7" style="vertical-align: bottom; background-color: rgb(204,255,204)"> <td style="text-align: left; padding-bottom: 2.5pt">Balance at end of fiscal year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1297">-</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,537,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
1537000 usd
CY2022Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
1537000 usd
CY2024 SHRG Provision For Write Off
ProvisionForWriteOff
-1537000 usd
CY2023Q1 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
1537000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-202779 usd
CY2023Q1 us-gaap Notes Payable
NotesPayable
6922043 usd
CY2023 us-gaap Payments For Loans
PaymentsForLoans
418323 usd
CY2024Q1 SHRG Deferred Sales Revenues
DeferredSalesRevenues
162207 usd
CY2023Q1 SHRG Deferred Sales Revenues
DeferredSalesRevenues
246811 usd
CY2024Q1 SHRG Liability Associated With Uncertain Tax Positions
LiabilityAssociatedWithUncertainTaxPositions
925786 usd
CY2023Q1 SHRG Liability Associated With Uncertain Tax Positions
LiabilityAssociatedWithUncertainTaxPositions
925795 usd
CY2024Q1 SHRG Accrued Interest Payable
AccruedInterestPayable
5833 usd
CY2023Q1 SHRG Accrued Interest Payable
AccruedInterestPayable
536123 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
206426 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
329762 usd
CY2024Q1 SHRG Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
21909 usd
CY2023Q1 SHRG Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
41385 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1289790 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
552894 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2611951 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2632770 usd
CY2024Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
500000 usd
CY2023Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
27000000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2172914 usd
CY2024Q1 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
87303 usd
CY2024Q1 us-gaap Convertible Debt
ConvertibleDebt
587303 usd
CY2023Q1 us-gaap Convertible Debt
ConvertibleDebt
24827086 usd
CY2024Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
262782 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
24827086 usd
CY2024Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
324521 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
2000000.0 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
403107 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
448240 usd
CY2024Q1 SHRG Operating Lease Assets
OperatingLeaseAssets
403107 usd
CY2023Q1 SHRG Operating Lease Assets
OperatingLeaseAssets
448240 usd
CY2024Q1 SHRG Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
21909 usd
CY2023Q1 SHRG Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
41385 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
416277 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
440478 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
438186 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
481863 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
112413 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
303157 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
21909 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
50726 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
103536 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
106316 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
109095 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
197345 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
588927 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
150741 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
438186 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.210 pure
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
928525 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
2 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
2 usd
CY2024Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
707699 usd
CY2023Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
661050 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
99294 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
215542 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
806995 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1805119 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
806995 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1805119 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
800000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1800000 usd
CY2024Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2023Q1 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
3809 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
921977 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3809 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
925786 usd
CY2024Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2023Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
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
CY2023 us-gaap Fee Income
FeeIncome
50000 usd
CY2024 us-gaap Fee Income
FeeIncome
0 usd
CY2024Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
2200000000 shares
CY2024Q1 SHRG Capital Stock Par Or Stated Value Per Share
CapitalStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
700-for-1 and not more than 1,800-for-1
CY2023Q4 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
1,400-for-1
CY2024 SHRG Consulting Expenses
ConsultingExpenses
3500000 usd
CY2023 SHRG Consulting Expenses
ConsultingExpenses
800000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
210333333 shares
CY2022Q1 SHRG Share Based Compensation Arrangement By Share Based Payment Award Non Options Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsEquityInstrumentsOutstandingWeightedAverageExercisePrice
0.18
CY2023 SHRG Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm2
P4Y1M6D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
818181819 shares
CY2023 SHRG Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Granted In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantedInPeriodWeightedAverageExercisePrice
0.033
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
1028515152 shares
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
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
8444663 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.0001
CY2023Q1 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
109780 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
208333333 shares
CY2024Q1 SHRG Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableNumber
208333333 shares
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10878242 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16102136 usd
CY2024 us-gaap Gross Profit
GrossProfit
7045265 usd
CY2023 us-gaap Gross Profit
GrossProfit
9256670 usd
CY2024 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4104991 usd
CY2023 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6989660 usd
CY2024 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7839639 usd
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17081915 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
-4899365 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-14814905 usd
CY2024Q1 us-gaap Assets
Assets
6634914 usd
CY2023Q1 us-gaap Assets
Assets
17079715 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1196406 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
570595 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
726666 usd
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10878242 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16102136 usd
CY2024Q1 us-gaap Assets
Assets
6634914 usd
CY2023Q1 us-gaap Assets
Assets
17079715 usd

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report.css Edgar Link pending
Show.js Edgar Link pending
shrg-20240331.xsd Edgar Link pending
shrg-20240331_def.xml Edgar Link unprocessable
shrg-20240331_lab.xml Edgar Link unprocessable
shrg-20240331_pre.xml Edgar Link unprocessable