2021 Q3 Form 10-Q Financial Statement

#000147793221005638 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $991.1K $903.8K $639.8K
YoY Change 82.23% 41.27% 325.1%
% of Gross Profit
Research & Development $566.7K $314.5K $89.57K
YoY Change 272.5% 251.16%
% of Gross Profit
Depreciation & Amortization $96.37K $96.36K $33.23K
YoY Change -3.96% 189.98%
% of Gross Profit
Operating Expenses $1.663M $1.315M $26.05M
YoY Change 138.96% -94.95% 17208.91%
Operating Profit -$1.663M -$1.315M -$26.05M
YoY Change 138.96% -94.95%
Interest Expense $227.5K $146.0K $17.40K
YoY Change 446.53% 739.39% -112.92%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.021M -$1.543M -$27.71M
YoY Change 174.05% -94.43% 9618.1%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.021M -$1.543M -$27.71M
YoY Change 174.05% -94.43% 9672.25%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$233.4K -$178.2K -$2.446M
COMMON SHARES
Basic Shares Outstanding 25.98M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.185M $609.5K $727.6K
YoY Change 123.06% -16.23% 14659.23%
Cash & Equivalents $2.185M $609.5K $727.6K
Short-Term Investments
Other Short-Term Assets $24.90K $41.62K $9.490K
YoY Change 208.93% 338.57% -13.49%
Inventory
Prepaid Expenses $24.90K $41.62K
Receivables
Other Receivables
Total Short-Term Assets $2.210M $651.1K $743.6K
YoY Change 123.77% -12.43% 4576.54%
LONG-TERM ASSETS
Property, Plant & Equipment $46.62K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.83K $8.680K $8.680K
YoY Change 82.37% 0.0%
Total Long-Term Assets $3.357M $3.446M $3.878M
YoY Change -11.14% -11.14%
TOTAL ASSETS
Total Short-Term Assets $2.210M $651.1K $743.6K
Total Long-Term Assets $3.357M $3.446M $3.878M
Total Assets $5.567M $4.097M $4.621M
YoY Change 16.82% -11.35% 28965.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $706.1K $216.1K $78.20K
YoY Change 640.42% 176.36% -52.05%
Accrued Expenses $306.1K $299.7K $520.3K
YoY Change -48.99% -42.4% -49.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $1.643M
YoY Change -100.0% -100.0% 75.16%
Long-Term Debt Due $555.9K $116.0K
YoY Change
Total Short-Term Liabilities $2.999M $993.9K $4.143M
YoY Change -41.66% -76.01% 13.64%
LONG-TERM LIABILITIES
Long-Term Debt $458.6K $206.3K $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $458.6K $206.3K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.999M $993.9K $4.143M
Total Long-Term Liabilities $458.6K $206.3K $0.00
Total Liabilities $3.457M $1.200M $4.090M
YoY Change -32.03% -70.65% 13.79%
SHAREHOLDERS EQUITY
Retained Earnings -$54.17M -$52.15M
YoY Change
Common Stock $260.00 $260.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.109M $2.897M $478.4K
YoY Change
Total Liabilities & Shareholders Equity $5.567M $4.097M $4.621M
YoY Change 16.82% -11.35% 28965.53%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$2.021M -$1.543M -$27.71M
YoY Change 174.05% -94.43% 9672.25%
Depreciation, Depletion And Amortization $96.37K $96.36K $33.23K
YoY Change -3.96% 189.98%
Cash From Operating Activities -$649.3K -$959.5K -$461.9K
YoY Change -4.23% 107.73% 173.47%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.225M 875.0K 789.7K
YoY Change 139.25% 10.81% 354.49%
NET CHANGE
Cash From Operating Activities -649.3K -959.5K -461.9K
Cash From Investing Activities
Cash From Financing Activities 2.225M 875.0K 789.7K
Net Change In Cash 1.576M -84.54K 327.8K
YoY Change 525.26% -125.79% 6671.69%
FREE CASH FLOW
Cash From Operating Activities -$649.3K -$959.5K -$461.9K
Capital Expenditures
Free Cash Flow
YoY Change

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AssetImpairmentAdjustment
0 USD
imle Asset Impairment Adjustment
AssetImpairmentAdjustment
25320555 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
0 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-6446 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13517 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-434 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
0 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-8680 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
114809 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
123736 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13344 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
39644 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-217 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-47675 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-10120 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-21740 USD
imle Common Stock Subscriptions Payable
CommonStockSubscriptionsPayable
88469 USD
imle Common Stock Subscriptions Payable
CommonStockSubscriptionsPayable
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1628316 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-765791 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
49600 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
0 USD
imle Issuance Of Common Stock For Prior Year Accrued Dividends
IssuanceOfCommonStockForPriorYearAccruedDividends
107880 USD
imle Accounts Payable And Accrued Expenses Converted To Capital
AccountsPayableAndAccruedExpensesConvertedToCapital
265677 USD
imle Related Party Payables Converted To Capital
RelatedPartyPayablesConvertedToCapital
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
770000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2005000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
811665 USD
us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
376684 USD
us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
45874 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
232842 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
681759 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
609526 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
727633 USD
imle Related Party Payables Converted To Capital
RelatedPartyPayablesConvertedToCapital
579814 USD
imle Related Party Debt Converted To Capital After Exercise Of Cashless Stock Warrants
RelatedPartyDebtConvertedToCapitalAfterExerciseOfCashlessStockWarrants
0 USD
imle Related Party Debt Converted To Capital After Exercise Of Cashless Stock Warrants
RelatedPartyDebtConvertedToCapitalAfterExerciseOfCashlessStockWarrants
65728 USD
imle Related Party Debt Converted To Capital
RelatedPartyDebtConvertedToCapital
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1030000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
30000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1005000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
41665 USD
imle Issuance Of Common Stock For Prior Year Accrued Dividends
IssuanceOfCommonStockForPriorYearAccruedDividends
0 USD
imle Intrinsic Value Beneficial Conversion Feature
IntrinsicValueBeneficialConversionFeature
909214 USD
imle Intrinsic Value Beneficial Conversion Feature
IntrinsicValueBeneficialConversionFeature
1407501 USD
imle Relative Fair Value Of Stock Warrants Granted
RelativeFairValueOfStockWarrantsGranted
1092708 USD
imle Relative Fair Value Of Stock Warrants Granted
RelativeFairValueOfStockWarrantsGranted
0 USD
imle Gain On Related Party Payables Converted To Capital
GainOnRelatedPartyPayablesConvertedToCapital
0 USD
imle Gain On Related Party Payables Converted To Capital
GainOnRelatedPartyPayablesConvertedToCapital
272299 USD
imle Accounts Payable And Accrued Expenses Converted To Capital
AccountsPayableAndAccruedExpensesConvertedToCapital
0 USD
imle Related Party Debt Converted To Capital
RelatedPartyDebtConvertedToCapital
826964 USD
imle Non Related Party Debt Converted To Capital
NonRelatedPartyDebtConvertedToCapital
0 USD
imle Non Related Party Debt Converted To Capital
NonRelatedPartyDebtConvertedToCapital
166526 USD
imle Gain On Related Party Debt Converted To Capital
GainOnRelatedPartyDebtConvertedToCapital
0 USD
imle Gain On Related Party Debt Converted To Capital
GainOnRelatedPartyDebtConvertedToCapital
124291 USD
imle Shares Issued For Cash Received In Prior Years
SharesIssuedForCashReceivedInPriorYears
0 USD
imle Shares Issued For Cash Received In Prior Years
SharesIssuedForCashReceivedInPriorYears
20800 USD
imle Issuance Of Common Stock Stock Warrants And Convertible Note For Asset Purchase
IssuanceOfCommonStockStockWarrantsAndConvertibleNoteForAssetPurchase
0 USD
imle Issuance Of Common Stock Stock Warrants And Convertible Note For Asset Purchase
IssuanceOfCommonStockStockWarrantsAndConvertibleNoteForAssetPurchase
29222955 USD
us-gaap Interest Paid Net
InterestPaidNet
62491 USD
us-gaap Interest Paid Net
InterestPaidNet
765 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
59500 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
34973 USD
imle Valuation Allowance Percentage
ValuationAllowancePercentage
1 pure
CY2021Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
39434 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
25320555 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-25359989 USD
CY2020Q2 imle Assets Purchase Upon Shares Issued Shares
AssetsPurchaseUponSharesIssuedShares
12000000 shares
CY2020Q2 imle Liability Required
LiabilityRequired
125000 USD
CY2021Q2 imle Liability Required
LiabilityRequired
158000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
320000 shares
CY2020Q2 us-gaap Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
0.50
CY2020Q2 us-gaap Equity Method Investment Quoted Market Value
EquityMethodInvestmentQuotedMarketValue
27120000 USD
CY2021Q2 imle Assets Purchase Upon Sharaes Issue
AssetsPurchaseUponSharaesIssue
1407051 USD
CY2021Q2 imle Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
695454 USD
CY2020Q2 imle Property And Equipment Gross
PropertyAndEquipmentGross
47725 USD
CY2020Q2 imle Intangible Assets
IntangibleAssets
29175230 USD
CY2020Q2 imle Net Purchase
NetPurchase
29222955 USD
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of unaudited condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Specifically, such estimates were made by the Company for the recoverability and useful lives of long-lived assets, the intellectual technology, the valuation of the derivative liabilities, beneficial conversion feature expenses, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results could differ from those estimates.</p>
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
485995 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
157280 USD
CY2021Q2 imle Consulting Services
ConsultingServices
0 USD
CY2020Q4 imle Consulting Services
ConsultingServices
111860 USD
CY2021Q2 us-gaap Prepaid Rent
PrepaidRent
33067 USD
CY2020Q4 us-gaap Prepaid Rent
PrepaidRent
0 USD
CY2021Q2 us-gaap Prepaid Insurance
PrepaidInsurance
8555 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3370 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
41622 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
115230 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
385467 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
385467 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
385467 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
385467 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
1509754 USD
CY2017Q1 imle Acquired Shares
AcquiredShares
969601 shares
CY2017Q1 imle Debt After Forgave Amount
DebtAfterForgaveAmount
31662 USD
CY2021Q1 imle Issuance Of Convertible Notes Payable
IssuanceOfConvertibleNotesPayable
450000 shares
CY2021Q1 imle Indirect Interest Amount Recieved
IndirectInterestAmountRecieved
100000 USD
CY2021Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
3
CY2021Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
275000 USD
CY2021Q2 imle Indirect Interest Amount Recieved
IndirectInterestAmountRecieved
50000 USD
CY2021Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
3
CY2021Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
225000 USD
imle Correction Of Errorpolicytextblock
CorrectionOfErrorpolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">While preparing financial statements for periods in 2021, the Company discovered an error in the statement of operations for the year ended December 31, 2020.  The error related to the presentation of the loss on disposal of property and equipment and asset impairment adjustment in accordance with ASC 360-10-45.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">  </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Loss on disposal of property and equipment and asset impairment adjustment of $39,434 and $25,320,555, respectively, were presented as other income/expense-net, instead of as operating expenses.  As a result, loss from operations for the year ended December 31, 2020, was understated by $25,359,989 and other income/expenses-net was overstated by the same amount.  The errors had no affect on the net loss or net loss per share for the year ended December 31, 2020.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">As a result of this correction, the statement of operations for the three and six month periods ended June 30, 2020 in the accompanying financial statements has been retroactively restated.</p>
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1628000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
29222955 USD
CY2020Q2 imle Total Assets
TotalAssets
29222955 USD
imle Description Of Fair Value Evaluation
DescriptionOfFairValueEvaluation
The present value of the discounted cash flow utilized a 75% discount, which included a 25% risk return premium, over an estimated five-year net revenue stream expected to be derived from the technology acquired
CY2020Q2 imle Investor Relationship Service Description
InvestorRelationshipServiceDescription
Under the terms of the agreement, we issued warrants to purchase up to 120,000 shares of our common stock at an exercise price of $2.00 per share. The warrants expire five years after the date of issuance. Approximately $220,000 of expense was recognized for the warrants issued for the services provide by the vendor
CY2021Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1002500 shares
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192732 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
385467 USD
imle Schedule Of Notes Payables Non Related Parties
ScheduleOfNotesPayablesNonRelatedParties
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30,</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible Notes Payable with Detached Free-standing Warrants</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,005,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Convertible Notes Payable </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">56,683</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">56,683</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Conventional Non-Convertible Notes Payable </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">42,500</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">42,500</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Notes Payable with Detached Free-standing Warrants </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Unamortized Debt Discount </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(901,121 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net Non-Related Party Notes Payable</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">208,062</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">104,183</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Current Portion</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(104,183 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(79,183 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net Long-Term Portion</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">103,879</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">25,000</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2020Q2 imle Proceed Received From Commercial Bank
ProceedReceivedFromCommercialBank
41665 USD
CY2020Q2 imle Loan Payment Description
LoanPaymentDescription
The loan requires interest at 1% and 18 monthly payments of principal and interest beginning December 5, 2020
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
242 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.80 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0013 pure
imle Unrecognized Compensation Expense
UnrecognizedCompensationExpense
1325000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
65197 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
42348 USD
CY2006Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
11164 USD

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0001477932-21-005638.txt Edgar Link pending
0001477932-21-005638-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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