2024 Q1 Form 10-K Financial Statement
#000149315224012449 Filed on April 01, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $1.006M | $1.204M | $5.761M |
YoY Change | 37.35% | -5.19% | |
Cost Of Revenue | $842.8K | $859.4K | $4.443M |
YoY Change | 32.29% | -8.3% | |
Gross Profit | $163.5K | $344.3K | $1.317M |
YoY Change | 51.84% | 7.03% | |
Gross Profit Margin | 16.25% | 28.6% | 22.87% |
Selling, General & Admin | $1.879M | $1.127M | $3.354M |
YoY Change | 24265.11% | 180.17% | 284.28% |
% of Gross Profit | 1148.63% | 327.35% | 254.61% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.888K | $2.890K | $6.650K |
YoY Change | 397.93% | 398.28% | 185.41% |
% of Gross Profit | 1.77% | 0.84% | 0.5% |
Operating Expenses | $1.879M | $1.127M | $3.354M |
YoY Change | 24265.15% | 180.17% | 284.28% |
Operating Profit | -$1.715M | -$782.7K | -$2.037M |
YoY Change | 22143.92% | 345.93% | -668.99% |
Interest Expense | $25.56K | -$16.93K | |
YoY Change | -185.06% | -43.64% | |
% of Operating Profit | |||
Other Income/Expense, Net | $5.002K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Pretax Income | -$1.710M | -$757.1K | -$2.054M |
YoY Change | 22078.99% | 269.66% | -724.84% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.710M | -$757.1K | -$2.054M |
YoY Change | 4399.77% | 269.66% | 524.84% |
Net Earnings / Revenue | -169.92% | -62.9% | -35.65% |
Basic Earnings Per Share | -$0.17 | -$0.27 | |
Diluted Earnings Per Share | -$0.17 | -$0.08 | -$0.27 |
COMMON SHARES | |||
Basic Shares Outstanding | 10.17M shares | 9.766M shares | 7.689M shares |
Diluted Shares Outstanding | 10.04M shares | 7.689M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.810M | $2.981M | $2.981M |
YoY Change | 596.75% | 38863.92% | 38863.92% |
Cash & Equivalents | $1.810M | $2.981M | |
Short-Term Investments | |||
Other Short-Term Assets | $66.04K | $502.8K | $502.8K |
YoY Change | -89.49% | 641.32% | |
Inventory | $598.2K | $307.0K | $307.0K |
Prepaid Expenses | $446.1K | $468.7K | |
Receivables | $835.3K | $707.0K | $707.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $3.756M | $4.498M | $4.498M |
YoY Change | 97.89% | 117.25% | 58692.29% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $42.57K | $45.46K | $45.46K |
YoY Change | 22.23% | 387.09% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $42.57K | $45.46K | $45.46K |
YoY Change | 22.23% | 387.09% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.756M | $4.498M | $4.498M |
Total Long-Term Assets | $42.57K | $45.46K | $45.46K |
Total Assets | $3.799M | $4.543M | $4.543M |
YoY Change | 96.53% | 118.46% | 59286.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $98.00K | $126.5K | $126.5K |
YoY Change | -57.92% | -66.62% | 9129.93% |
Accrued Expenses | $263.9K | $292.4K | $292.4K |
YoY Change | 4.91% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $361.9K | $418.9K | $418.9K |
YoY Change | -81.66% | 3412.03% | 4518.3% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $361.9K | $418.9K | $418.9K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $361.9K | $418.9K | $418.9K |
YoY Change | -81.66% | -79.88% | 4518.3% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$3.068M | -$1.358M | |
YoY Change | -295.11% | ||
Common Stock | $1.017K | $977.00 | |
YoY Change | 50.31% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.437M | $4.124M | $4.124M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.799M | $4.543M | $4.543M |
YoY Change | 96.53% | 118.46% | 59286.54% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.710M | -$757.1K | -$2.054M |
YoY Change | 4399.77% | 269.66% | 524.84% |
Depreciation, Depletion And Amortization | $2.888K | $2.890K | $6.650K |
YoY Change | 397.93% | 398.28% | 185.41% |
Cash From Operating Activities | -$1.170M | -$354.1K | -$766.9K |
YoY Change | 660.67% | 9.52% | 2462.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $42.78K |
YoY Change | -100.0% | -100.0% | 897.2% |
Acquisitions | $350.2K | ||
YoY Change | |||
Other Investing Activities | $0.00 | $120.00 | -$350.2K |
YoY Change | -100.0% | -101.56% | 4447.79% |
Cash From Investing Activities | $120.00 | -$393.0K | |
YoY Change | -99.06% | 3180.13% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $5.168M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -120.0 | 3.687M | |
YoY Change | -99.4% | -18581.5% | |
NET CHANGE | |||
Cash From Operating Activities | -$1.170M | -354.1K | -766.9K |
Cash From Investing Activities | 120.0 | -393.0K | |
Cash From Financing Activities | -120.0 | 3.687M | |
Net Change In Cash | -$1.170M | -354.1K | 2.527M |
YoY Change | 504.25% | 7.12% | -4185.39% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.170M | -$354.1K | -$766.9K |
Capital Expenditures | $0.00 | $0.00 | $42.78K |
Free Cash Flow | -$1.170M | -$354.1K | -$809.7K |
YoY Change | 550.42% | 16.89% | 2266.04% |
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|
-7699 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-1488966 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-19948 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
5168325 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3687058 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-27647 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2527225 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-61857 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
453516 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
515373 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2980741 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
453516 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
55847 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
30052 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80A_eus-gaap--NatureOfOperations_zKNzCMcK3OL3" 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>Note 1 - <span id="xdx_82A_zYUiuDygLVUj">Organization and Business Operations</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"><b>General Overview </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">SRM Entertainment, Inc. (“SRM Inc”) is a <span id="xdx_90A_edei--EntityIncorporationStateCountryCode_dd_c20230101__20231231_zzWByiMLYdEe" title="Entity incorporation, state of incorporation">Nevada</span> corporation and was incorporated on <span id="xdx_908_edei--EntityIncorporationDateOfIncorporation_dd_c20230101__20231231_zwgmEDVYHlM9" title="Entity incorporation, date of incorporation">April 22, 2022</span>. SRM. Entertainment Limited (“SRM Ltd”), is a limited company incorporated in the Hong Kong, now a Special Administrative Region of the People’s Republic of China, on January 23, 1981 and formerly owned by Jupiter Wellness, Inc.. Effective August 14, 2023, SRM Inc acquired SRM Ltd. The acquisition of SRM Ltd by SRM Inc has been accounted for as a Reverse Acquisition (see Basis of Presentation below). The combined SRM Inc and SRM Ltd are collectively referred to as the Company or SRM.</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">On December 9, 2022, we entered into a stock exchange agreement (the “Exchange Agreement”) with Jupiter Wellness, Inc. (“Jupiter”) to govern the separation of our business from Jupiter. On May 26, 2023, we amended and restated the Exchange Agreement (the “Share Exchange”) to include additional information regarding the distribution and the separation of our business from Jupiter. The separation as set forth in the Share Exchange with Jupiter closed August 14, 2023. Pursuant to the Share Exchange, on May 31, 2023, we issued <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20230531__20230531__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedExchangeAgreementMember__dei--LegalEntityAxis__custom--JupiterWellnessIncMember_zyVZCAM5Fdf1" title="Number of issued shares of common stock">6,500,000</span> shares of our Common Stock (representing <span id="xdx_900_ecustom--OutstandingSharesPercentage_iI_pid_dp_uPure_c20230531__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedExchangeAgreementMember__dei--LegalEntityAxis__custom--JupiterWellnessIncMember_zyFccqwlcQ7" title="Outstanding shares percentage">79.3</span>% of our outstanding shares of Common Stock) to Jupiter in exchange for <span id="xdx_903_ecustom--StockIssuedDuringPeriodSharesExchange_c20230531__20230531__us-gaap--TypeOfArrangementAxis__custom--AmendedAndRestatedExchangeAgreementMember__dei--LegalEntityAxis__custom--JupiterWellnessIncMember_zt200L3P6BBe" title="Ordinary shares exchange">2</span> ordinary shares of SRM Ltd (representing all of the issued and outstanding ordinary shares of SRM Ltd).</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"><b><br/> <span>Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of US Securities and Exchange Commission (“SEC”). The acquisition of SRM Ltd and SRM Inc occurred on August 14, 2023. The financial statements are prepared using Reverse Acquisition Accounting and as such, for legal purposes SRM Inc was the acquiring company and for GAAP accounting, SRM Ltd was the acquiring company. Therefore, the financial statements are presented using the historical financial statements of SRM Ltd.</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> | |
CY2023 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2023 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2022-04-22 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_ztidUnDy30v" 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_862_zcUiMw5RoNS3">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the 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 expenses during the reporting period. Actual results could differ from those estimates.</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"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></p> | |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2053859 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
328701 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7688523 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6500000 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7688523 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6500000 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
|
-0.165 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
|
-0.165 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
497655 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
51149 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
497655 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
51149 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
307005 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
290200 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
707035 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
621090 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
468687 | usd |
CY2023Q4 | us-gaap |
Deposits
Deposits
|
376636 | usd |
CY2023Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
33929 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
58122 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
629897 | usd |
CY2022Q4 | us-gaap |
Deposits
Deposits
|
533516 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
96381 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
45462 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9333 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8984 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2333 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
54446 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11666 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8984 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2333 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
45462 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9333 | usd |
CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
34144 | usd |
CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
67829 | usd |
CY2021Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1502621 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.06 | pure |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
50000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
19948 | usd |
CY2022 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
30052 | usd |
CY2023Q3 | us-gaap |
Notes Payable
NotesPayable
|
1482673 | usd |
CY2023Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
55847 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9765500 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1700000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
90000 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
1.61 | pure |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
0.80 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.86 | pure |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
73702 | usd |