2023 Q2 Form 10-Q Financial Statement

#000149315223016653 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $14.98M $10.03K $6.970K
YoY Change 202688.67% 43.83%
Cost Of Revenue $10.29M $1.468K $31.14K
YoY Change 167960.16% -95.29%
Gross Profit $4.695M $8.557K -$24.17K
YoY Change 370492.9% -135.4%
Gross Profit Margin 31.34% 85.36% -346.77%
Selling, General & Admin $16.95M $7.248M $11.92M
YoY Change 271.23% -39.2%
% of Gross Profit 360.92% 84704.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $534.4K $22.14K $21.90K
YoY Change 4109.88% 1.1%
% of Gross Profit 11.38% 258.75%
Operating Expenses $16.95M $7.248M $11.92M
YoY Change 271.23% -39.2%
Operating Profit -$12.25M -$7.240M -$11.95M
YoY Change 168.44% -39.4%
Interest Expense $1.219M $730.6K -$90.50K
YoY Change 1387.76% -907.32%
% of Operating Profit
Other Income/Expense, Net -$16.88K -$730.6K $87.75K
YoY Change -79.4% -932.66%
Pretax Income -$12.27M -$7.970M -$11.86M
YoY Change 164.07% -32.79%
Income Tax
% Of Pretax Income
Net Earnings -$12.27M -$7.970M -$11.86M
YoY Change 164.07% -32.79%
Net Earnings / Revenue -81.88% -79503.93% -170134.29%
Basic Earnings Per Share -$0.14 -$0.10 -$0.23
Diluted Earnings Per Share -$0.14 -$0.10 -$162.8K
COMMON SHARES
Basic Shares Outstanding 87.07M shares 83.12M shares 72.82M shares
Diluted Shares Outstanding 86.62M shares 82.97M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.09M $18.38M $27.57M
YoY Change -26.73% -33.31%
Cash & Equivalents $18.09M $14.52M $27.57M
Short-Term Investments $0.00 $3.863M
Other Short-Term Assets $3.352M $132.2K $1.436M
YoY Change 228.4% -90.79%
Inventory $4.824M $2.102M $918.7K
Prepaid Expenses $55.51K $132.2K
Receivables $2.481M
Other Receivables $0.00
Total Short-Term Assets $28.74M $20.62M $29.92M
YoY Change 6.62% -31.09%
LONG-TERM ASSETS
Property, Plant & Equipment $475.5K $193.9K $207.2K
YoY Change 78.59% -6.46%
Goodwill $15.48M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $425.3K $407.2K $2.170K
YoY Change 160.06% 18664.56%
Total Long-Term Assets $51.64M $28.57M $785.6K
YoY Change 2040.65% 3537.08%
TOTAL ASSETS
Total Short-Term Assets $28.74M $20.62M $29.92M
Total Long-Term Assets $51.64M $28.57M $785.6K
Total Assets $80.38M $49.19M $30.71M
YoY Change 173.69% 60.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.55M $2.084M $2.613M
YoY Change 402.37% -20.23%
Accrued Expenses $3.494M $1.632M
YoY Change 1347.43%
Deferred Revenue $1.663M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.14M $1.702M $405.0K
YoY Change 3155.9% 320.13%
Total Short-Term Liabilities $32.48M $8.056M $4.743M
YoY Change 525.42% 69.84%
LONG-TERM LIABILITIES
Long-Term Debt $5.353M $10.06M $6.613M
YoY Change -19.06% 52.08%
Other Long-Term Liabilities $21.56M $22.33M $1.813M
YoY Change 891.17% 1131.69%
Total Long-Term Liabilities $26.92M $32.39M $8.426M
YoY Change 206.23% 284.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.48M $8.056M $4.743M
Total Long-Term Liabilities $26.92M $32.39M $8.426M
Total Liabilities $59.40M $40.44M $13.17M
YoY Change 324.79% 207.11%
SHAREHOLDERS EQUITY
Retained Earnings -$126.3M -$114.0M
YoY Change 32.21%
Common Stock $147.3M $122.6M
YoY Change 33.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.98M $8.528M $17.54M
YoY Change
Total Liabilities & Shareholders Equity $80.38M $49.19M $30.71M
YoY Change 173.69% 60.19%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$12.27M -$7.970M -$11.86M
YoY Change 164.07% -32.79%
Depreciation, Depletion And Amortization $534.4K $22.14K $21.90K
YoY Change 4109.88% 1.1%
Cash From Operating Activities -$2.525M -$4.119M -$3.358M
YoY Change -11.24% 22.64%
INVESTING ACTIVITIES
Capital Expenditures -$33.87K $306.00 -$239.6K
YoY Change -67.98% -100.13%
Acquisitions
YoY Change
Other Investing Activities $3.366M -$136.0K
YoY Change
Cash From Investing Activities $3.400M -$169.9K -$239.6K
YoY Change -3314.03% -29.09%
FINANCING ACTIVITIES
Cash Dividend Paid $21.23K
YoY Change
Common Stock Issuance & Retirement, Net $23.31M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.299M $10.35M 20.74M
YoY Change 11102.06% -50.1%
NET CHANGE
Cash From Operating Activities -2.525M -$4.119M -3.358M
Cash From Investing Activities 3.400M -$169.9K -239.6K
Cash From Financing Activities 7.299M $10.35M 20.74M
Net Change In Cash 8.174M $6.060M 17.14M
YoY Change -383.28% -64.65%
FREE CASH FLOW
Cash From Operating Activities -$2.525M -$4.119M -$3.358M
Capital Expenditures -$33.87K $306.00 -$239.6K
Free Cash Flow -$2.491M -$4.119M -$3.119M
YoY Change -9.05% 32.07%

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CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
143257 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
178780 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
45501 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1395366 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2023Q1 SKYX Accretion Operating Lease Liabilities
AccretionOperatingLeaseLiabilities
245009 usd
CY2022Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
136033 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q1 us-gaap Payments To Acquire Intangible Assets
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CY2022Q1 us-gaap Payments To Acquire Intangible Assets
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
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23100000 usd
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
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2548000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
210000 usd
CY2023Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
10350000 usd
CY2022Q1 us-gaap Payments Of Dividends
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21232 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2022Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6060221 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17141865 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9461597 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10426249 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15521818 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q1 SKYX Preferred Stock Conversion To Common
PreferredStockConversionToCommon
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CY2022Q1 SKYX Common Stock Issued Pursuant To Antidilutive Provisions
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CY2023Q1 SKYX Debt Discount
DebtDiscount
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CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q1 us-gaap Nature Of Operations
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<p id="xdx_80E_eus-gaap--NatureOfOperations_zeutGGJpbC5b" 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 style="text-decoration: underline">NOTE 1 <span id="xdx_821_zzER8hZEzR1c">ORGANIZATION AND NATURE OF OPERATIONS</span></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">SKYX Platforms Corp., a corporation (the “Company”), was incorporated in Florida in May 2004.</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 Company maintains offices in Johns Creek, Georgia, Miami and Pompano Beach, Florida, New York City, and Guangdong Province, China.</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 Company has a series of advanced-safe smart platform technologies. The Company’s first-generation technologies enable light fixtures, ceiling fans and other electrically wired products to be installed safely and plugged-in into a ceiling’s electrical outlet box within seconds, and without the need to touch hazardous wires. The plug and play technology method is a universal power-plug device that has a matching receptacle that is simply connected to the electrical outlet box on the ceiling, enabling a safe and quick plug and play installation of light fixtures and ceiling fans in just seconds. The plug and play power-plug technology eliminates the need of touching hazardous electrical wires while installing light fixtures, ceiling fans and other hard wired electrical products. In recent years the Company has expanded the capabilities of its power-plug product, to include advanced safe and quick universal installation methods, as well as advanced smart capabilities. The smart features include control of light fixtures and ceiling fans by the SkyHome App, through WIFI, Bluetooth Low Energy and voice control. It allows scheduling, energy savings eco mode, dimming, back-up emergency light, night light, light color changing and much more. The Company’s second-generation technology is an all-in-one safe and smart advanced platform that is designed to enhance all-around safety and lifestyle of homes and other buildings.</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>
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4653 usd
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_841_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zPKghTjFGB4f" 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_86A_zZDVWeXpZAX9">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">For comparability, reclassifications of certain prior-year balances were made to conform with current-year presentations, such as certain expenses previously included in cost of revenues and reclassified as sales, general, and administrative expenses in 2022.</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"><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"/>
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CashAndCashEquivalentsAtCarryingValue
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CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q1 us-gaap Depreciation
Depreciation
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CY2022Q1 us-gaap Depreciation
Depreciation
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CY2022Q1 us-gaap Amortization Of Intangible Assets
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
53274 usd
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CY2023Q1 us-gaap Long Term Debt
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LongTermDebt
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CY2023Q1 us-gaap Debt Instrument Unamortized Discount
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CY2023Q1 SKYX Debt Net Of Unamortized Debt Discount
DebtNetOfUnamortizedDebtDiscount
11537225 usd
CY2022Q4 SKYX Debt Net Of Unamortized Debt Discount
DebtNetOfUnamortizedDebtDiscount
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CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
326742 usd
CY2022Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
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CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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1705931 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1736146 usd
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1734021 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2023Q1 SKYX Long Term Debt Maturities Repayments Of Principal In Year Four And Thereafter
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourAndThereafter
137351 usd
CY2023Q1 us-gaap Long Term Debt
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CY2022Q3 us-gaap Restricted Cash
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2700000 usd
CY2023Q1 us-gaap Operating Lease Payments
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q1 SKYX Operating Lease Rent Payments
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255314 usd
CY2023Q1 us-gaap Depreciation Excluding Lessor Asset Under Operating Lease
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460618 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P111M
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1130624 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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1780875 usd
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2223207 usd
CY2023Q1 SKYX Lessee Operating Lease Liability Payments Due Year Four And Thereafter
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16760768 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q1 us-gaap Royalty Guarantees Commitments Amount
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2638000 usd
CY2022Q4 us-gaap Royalty Guarantees Commitments Amount
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2638000 usd
CY2023Q1 us-gaap Interest Payable Current And Noncurrent
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104735 usd
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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7.7
CY2023Q1 SKYX Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriod
175000 shares
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3.0
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7.7
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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4.4
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1.2
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13.0
CY2022Q1 SKYX Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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3.4
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3.0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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2063522 shares
CY2023Q1 SKYX Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
5.76
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2127895 shares
CY2021Q4 SKYX Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
5.4
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
430000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
132000 shares
CY2022Q1 SKYX Share Based Compensation Arrangements By Share Based Payment Award Non Options Issued In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsIssuedInPeriodWeightedAverageExercisePrice
18.2
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
750000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1079895 shares
CY2022Q1 SKYX Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
8.84
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
3.0
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y3M18D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.42 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.34 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0502 pure
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q1 SKYX Unamortized Future Option Expense
UnamortizedFutureOptionExpense
10100000 usd
CY2023Q1 SKYX Market Based Options Expense
MarketBasedOptionsExpense
61000000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D

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0001493152-23-016653.txt Edgar Link pending
0001493152-23-016653-xbrl.zip Edgar Link pending
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skyx-20230331.xsd Edgar Link pending
skyx-20230331_lab.xml Edgar Link unprocessable
skyx-20230331_pre.xml Edgar Link unprocessable