2022 Q4 Form 10-K Financial Statement
#000121390022069119 Filed on November 04, 2022
Income Statement
Concept | 2022 Q4 | 2021 Q4 | 2021 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $315.7K | $134.9K | $947.2K |
YoY Change | 134.12% | -83.4% | 16.63% |
Gross Profit | -$315.7K | -$134.9K | -$947.2K |
YoY Change | 134.12% | -83.4% | 16.63% |
Gross Profit Margin | |||
Selling, General & Admin | $908.3K | $141.5K | $458.8K |
YoY Change | 541.8% | -123.12% | 59.45% |
% of Gross Profit | |||
Research & Development | $72.96K | $0.00 | $1.000K |
YoY Change | -100.0% | -66.67% | |
% of Gross Profit | |||
Depreciation & Amortization | $2.280K | $2.980K | $18.79K |
YoY Change | -23.49% | -68.16% | -49.8% |
% of Gross Profit | |||
Operating Expenses | $981.2K | $141.5K | $1.407M |
YoY Change | 593.41% | -123.16% | 27.57% |
Operating Profit | -$1.297M | -$276.4K | -$2.354M |
YoY Change | 369.29% | 37.46% | 22.93% |
Interest Expense | -$45.49K | $30.00 | $120.00 |
YoY Change | -151733.33% | -137.5% | -88.67% |
% of Operating Profit | |||
Other Income/Expense, Net | $170.0K | -$77.39K | -$77.27K |
YoY Change | -319.64% | 273.86% | 255.22% |
Pretax Income | -$1.172M | -$353.7K | -$1.484M |
YoY Change | 231.46% | 59.45% | 31.98% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.172M | -$353.7K | -$1.484M |
YoY Change | 231.46% | 59.45% | 31.98% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.05 | ||
Diluted Earnings Per Share | -$0.02 | -$10.73K | -$0.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 39.20M shares | 28.48M shares | |
Diluted Shares Outstanding | 28.48M shares |
Balance Sheet
Concept | 2022 Q4 | 2021 Q4 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.351M | $405.8K | $405.8K |
YoY Change | 233.04% | 152.49% | 152.49% |
Cash & Equivalents | $1.351M | $405.8K | $405.8K |
Short-Term Investments | |||
Other Short-Term Assets | $8.680K | $2.290K | $2.290K |
YoY Change | 279.04% | 0.0% | 0.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $4.360M | $408.1K | $408.1K |
YoY Change | 968.47% | 150.35% | 150.35% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.40K | $20.54K | $20.54K |
YoY Change | -44.51% | -46.23% | -46.24% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Assets | $11.40K | $20.54K | $20.54K |
YoY Change | -44.51% | -86.74% | -86.74% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.360M | $408.1K | $408.1K |
Total Long-Term Assets | $11.40K | $20.54K | $20.54K |
Total Assets | $4.371M | $428.6K | $428.6K |
YoY Change | 919.92% | 34.84% | 34.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $124.6K | $124.6K | |
YoY Change | -5.42% | -5.42% | |
Accrued Expenses | $5.700K | $17.70K | $17.70K |
YoY Change | -67.8% | -90.62% | -97.94% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $4.000M | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.051M | $287.3K | $287.3K |
YoY Change | 1310.2% | -75.8% | -75.8% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | ||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.051M | $287.3K | $287.3K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $4.051M | $287.3K | $287.3K |
YoY Change | 1310.2% | -75.8% | -75.8% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$10.69M | -$8.478M | |
YoY Change | 26.1% | 21.22% | |
Common Stock | $5.389K | $3.785K | |
YoY Change | 42.38% | -99.94% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $26.00K | ||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $320.2K | $141.3K | $141.3K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.371M | $428.6K | $428.6K |
YoY Change | 919.92% | 34.84% | 34.84% |
Cashflow Statement
Concept | 2022 Q4 | 2021 Q4 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.172M | -$353.7K | -$1.484M |
YoY Change | 231.46% | 59.45% | 31.98% |
Depreciation, Depletion And Amortization | $2.280K | $2.980K | $18.79K |
YoY Change | -23.49% | -68.16% | -49.8% |
Cash From Operating Activities | -$1.132M | -$114.6K | -$363.0K |
YoY Change | 887.72% | 1836.15% | 300.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.900M | $26.00K | $38.15K |
YoY Change | -7407.69% | -165.0% | -195.38% |
Cash From Investing Activities | -$1.900M | $26.00K | $38.15K |
YoY Change | -7407.69% | -165.0% | -186.7% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $26.00K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.869M | 289.2K | $569.9K |
YoY Change | 1237.95% | 40.42% | 113.64% |
NET CHANGE | |||
Cash From Operating Activities | -1.132M | -114.6K | -$363.0K |
Cash From Investing Activities | -1.900M | 26.00K | $38.15K |
Cash From Financing Activities | 3.869M | 289.2K | $569.9K |
Net Change In Cash | 837.2K | 200.6K | $245.1K |
YoY Change | 317.4% | 25.34% | 85.33% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.132M | -$114.6K | -$363.0K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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AVRA MEDICAL ROBOTICS, INC | |
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CY2021 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
26000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
569949 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
266775 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
245065 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
132235 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
160709 | usd |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28474 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
405774 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
160709 | usd |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1059 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
118 | usd |
CY2021 | avmr |
Related Party Note Payable Converted To Common Stock
RelatedPartyNotePayableConvertedToCommonStock
|
50000 | usd |
CY2020 | avmr |
Related Party Note Payable Converted To Common Stock
RelatedPartyNotePayableConvertedToCommonStock
|
302700 | usd |
CY2020 | avmr |
Promissory Note Converted Into Common Stock
PromissoryNoteConvertedIntoCommonStock
|
45000 | usd |
CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
170000 | usd |
CY2021 | avmr |
Stock Issued For Equipment
StockIssuedForEquipment
|
9543 | usd |
CY2020 | avmr |
Stock Issued For Equipment
StockIssuedForEquipment
|
25000 | usd |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-1063258 | usd |
CY2020 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
412789 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
29291 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
195089 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2100 | usd |
CY2020 | avmr |
Stock Issued During Periods Value Issued For Services
StockIssuedDuringPeriodsValueIssuedForServices
|
11449 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
302700 | usd |
CY2020 | avmr |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
194842 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
170000 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1124681 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-869049 | usd |
CY2021 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
862849 | usd |
CY2021 | avmr |
Stock Issued During Periods Value Issued For Services
StockIssuedDuringPeriodsValueIssuedForServices
|
869668 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
50000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
146273 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
276697 | usd |
CY2021 | avmr |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
315200 | usd |
CY2021 | avmr |
Stock Issued During Period Treasury Stock
StockIssuedDuringPeriodTreasuryStock
|
-26000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1484313 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
141326 | usd |
CY2021 | avmr |
Stockholders Deficit
StockholdersDeficit
|
8400668 | usd |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses. The Company regularly evaluates 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 revenues and expenses during the reporting period. Actual results could differ from those estimates made by management.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> | |
CY2021 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Concentration of Credit Risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company maintains its principal cash balance in a financial institution. These balances are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At December 31, 2021 and 2020, $147,460 and $0, respectively, were in excess of the FDIC insured limit.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2021Q4 | avmr |
Fdic Insured
FDICInsured
|
250000 | usd |
CY2021Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
147460 | usd |
CY2020Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
0 | usd |
CY2021 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P5Y | |
CY2021 | avmr |
Purchased Medical Equipment
PurchasedMedicalEquipment
|
75000 | usd |
CY2021Q4 | avmr |
Percentage Financed By The Seller
PercentageFinancedByTheSeller
|
1 | pure |
CY2020Q1 | avmr |
Equipment Relieved Amount
EquipmentRelievedAmount
|
25000 | usd |
CY2021 | us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
50000 | usd |
CY2018Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
36000 | usd |
CY2018Q1 | us-gaap |
Goodwill Transfers
GoodwillTransfers
|
14400 | usd |
CY2018Q1 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
24000 | shares |
CY2019 | us-gaap |
Goodwill Transfers
GoodwillTransfers
|
121.93 | usd |
CY2019 | avmr |
Amortized Of Straight Ine Method
AmortizedOfStraightIneMethod
|
36000 | usd |
CY2019 | us-gaap |
Intermediate Life Plants Useful Life
IntermediateLifePlantsUsefulLife
|
P3Y | |
CY2019 | avmr |
Amount Of Amortized
AmountOfAmortized
|
121.93 | usd |
CY2021Q1 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
102500 | shares |
CY2021Q4 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
2.000000 | usd |
CY2020Q4 | avmr |
Shares Issued Price Per Shares
SharesIssuedPricePerShares
|
1.5 | |
CY2020Q4 | avmr |
Notes Total
NotesTotal
|
202700 | usd |
CY2020Q4 | avmr |
Total Units
TotalUnits
|
202700 | shares |
CY2020Q4 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
810800 | shares |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
1013500 | shares |
CY2020Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.4 | |
CY2021Q3 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
384615 | shares |
CY2020Q1 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
100000 | usd |
CY2020Q1 | us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
1000000 | |
CY2020Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1000000 | shares |
CY2020Q1 | avmr |
Common Stock Per Share
CommonStockPerShare
|
0.1 | |
CY2020Q4 | avmr |
Payroll Protection Loan Amount
PayrollProtectionLoanAmount
|
4630 | usd |
CY2018 | us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2019-12-31 | |
CY2019Q1 | us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2019-12-31 | |
CY2019Q1 | us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2019-09-11 | |
CY2019Q1 | us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2019-09-14 | |
CY2019Q1 | avmr |
Number Of Warrants Purchase
NumberOfWarrantsPurchase
|
12500 | shares |
CY2019Q1 | avmr |
Strike Price
StrikePrice
|
1.25 | |
CY2019Q1 | avmr |
Warrant Expiration Period
WarrantExpirationPeriod
|
P3Y | |
CY2019Q1 | us-gaap |
Derivative Maturity Dates
DerivativeMaturityDates
|
2019-09-29 | |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2643635 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1175000 | shares |
CY2020Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
471825 | usd |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
912489 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
4393785 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
0 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
221827 | usd |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2018Q1 | avmr |
Number Of Shares Issued Upon Compensation
NumberOfSharesIssuedUponCompensation
|
218000 | shares |
CY2017Q4 | us-gaap |
Share Price
SharePrice
|
2 | |
CY2018Q3 | avmr |
Number Of Common Stock Sold
NumberOfCommonStockSold
|
16000 | shares |
CY2018Q3 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
20000 | usd |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
400 | shares |
CY2019Q1 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
115050 | shares |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2019Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.25 | |
CY2019Q2 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
95050 | shares |
CY2019Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
79672 | shares |
CY2019Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
600000 | shares |
CY2019Q4 | us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
250000 | shares |
CY2020Q4 | avmr |
Description Of Avra Issued An Aggregate
DescriptionOfAVRAIssuedAnAggregate
|
On November 6, 2020, AVRA issued an aggregate 256,027 Units (“Units”) at a price of $1.00 per Unit in a private offering (the “Offering”) to four “accredited investors.” Each Unit consisted of (a) four shares of our common stock (“Shares”); (b) a three-year warrant to purchase five Shares at an exercise price of $0.40 per Share; and (c) a 0.00008749_% limited liability company membership interest in Avra Air, LLC (“Avra Air”), a development stage company, which interest may be put to the Company at the option of the investor for a period of two years from issuance, in exchange for one Share. As a result of the foregoing, the investors were issued an aggregate of 1,024,108 Shares, warrants to purchase 1,280,135 Shares and a 22.4% limited liability company membership interest in Avra Air, LLC. | |
CY2020Q4 | avmr |
Commitment To Sell
CommitmentToSell
|
135000 | shares |
CY2020Q4 | avmr |
Commitment To Sell Units
CommitmentToSellUnits
|
135000 | usd |
CY2020Q4 | avmr |
Promissory Notes Value
PromissoryNotesValue
|
25000 | usd |
CY2020Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
1027 | usd |
CY2020Q4 | avmr |
Commitment Units
CommitmentUnits
|
26027 | shares |
CY2020Q4 | avmr |
Number Of Shares Issued Upon Compensation
NumberOfSharesIssuedUponCompensation
|
321489 | shares |
CY2022Q4 | avmr |
Shares For A Stock Option Exercised
SharesForAStockOptionExercised
|
21000 | shares |
CY2022Q4 | avmr |
Exercise Price Per Share
ExercisePricePerShare
|
0.1 | |
CY2020 | avmr |
Shares Of Common Stock
SharesOfCommonStock
|
1810800 | shares |
us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
378378 | shares | |
CY2021Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
629375 | shares |
CY2021Q4 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
3619817 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
174553 | shares |
CY2016Q3 | avmr |
Employment Agreements Description
EmploymentAgreementsDescription
|
On August 1, 2016, the Company entered into a three-year Employment Agreement with its Vice President of Global Business Development. The agreement provides for an annual salary of $96,000 per year, increasing to $144,000 per year beginning July 2017. Through December 2016, the employee agreed to not receive the compensation in cash until the Board of Directors deemed it prudent to pay some or all of his salary. Further the Agreement provides that the employee will receive a three-year option to purchase 300,000 shares of the Company’s common stock at an exercise price of $0.10 per share, with 100,000 shares vested on each yearly anniversary. | |
CY2021 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2023-05-01 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
1.25 | |
CY2020Q3 | avmr |
Employee Agreement Term
EmployeeAgreementTerm
|
P48M | |
CY2020Q3 | us-gaap |
Salaries And Wages
SalariesAndWages
|
15000 | usd |
CY2021Q4 | us-gaap |
Public Utilities Property Plant And Equipment Vehicles
PublicUtilitiesPropertyPlantAndEquipmentVehicles
|
500 | usd |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
1000000 | shares |
CY2020Q3 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.25 | |
CY2018Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1829.25 | usd |
CY2019Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2454.75 | usd |
CY2019Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
2223 | usd |
CY2020Q2 | avmr |
Rent Lease Agreement
RentLeaseAgreement
|
0.50 | pure |
CY2020Q2 | avmr |
Rent Lease Agreement
RentLeaseAgreement
|
0.50 | pure |
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1474.17 | usd |
CY2021Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1964.74 | usd |
CY2021 | avmr |
Issued Discount
IssuedDiscount
|
0.10 | pure |
CY2021 | avmr |
Conversion Amount
ConversionAmount
|
100000000 | usd |
CY2021 | avmr |
Convertible Notedescription
ConvertibleNotedescription
|
In order to fund the Interim Financing, the Company offered and sold to two accredited investors, $1,000,000 and $100,000 one-year convertible promissory notes (the “Convertible Notes”). The Convertible Notes will have the same interest rate and payment terms as the Cardio Notes and otherwise be substantially similar to the Cardio Notes, provided, however, that the Convertible Notes do not have an original issue discount. Further, upon consummation of the Transaction (if and when it is consummated) the Convertible Notes will automatically convert into a number of AVRA Shares determined by dividing the principal amount of the Convertible Notes by $100 million and multiplying such number expressed as a percentage by the number of AVRA Shares issued to Dr. Srivastava and the other shareholders of the SSI Parties (if any) upon closing of the Transaction. The Company may offer and sell up to an aggregate principal amount of $5,000,000 in Convertible Notes in order to fund the Interim Financing. | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
52000 | shares |
CY2021Q4 | us-gaap |
Other Assets
OtherAssets
|
usd | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2020Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28480973 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28480973 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23372299 | shares |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | |
CY2020 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | |
CY2021 | avmr |
Equipment Acquisition Included In Accounts Payable
EquipmentAcquisitionIncludedInAccountsPayable
|
usd | |
CY2020 | avmr |
Equipment Acquisition Included In Accounts Payable
EquipmentAcquisitionIncludedInAccountsPayable
|
usd | |
CY2021 | avmr |
Promissory Note Converted Into Common Stock
PromissoryNoteConvertedIntoCommonStock
|
usd | |
CY2021 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2021 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2021 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2021 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2021 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001676163 | |
CY2021Q2 | dei |
Entity Public Float
EntityPublicFloat
|
0 | usd |