2022 Q4 Form 10-Q Financial Statement
#000149315222028512 Filed on October 17, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | $2.085M | ||
YoY Change | |||
Gross Profit | -$596.7K | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $24.72K | $13.93K | $19.94K |
YoY Change | 327.66% | -30.14% | |
% of Gross Profit | |||
Research & Development | $267.8K | $6.521K | |
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $276.4K | $327.9K | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $24.72K | $13.93K | $19.94K |
YoY Change | 327.66% | -30.16% | |
Operating Profit | -$621.4K | -$13.93K | -$19.94K |
YoY Change | -30.16% | ||
Interest Expense | $160.00 | $100.00 | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$77.34K | -$63.54K | |
YoY Change | |||
Pretax Income | -$24.72K | -$13.93K | -$19.94K |
YoY Change | 327.66% | -30.14% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$24.72K | -$13.93K | -$19.94K |
YoY Change | 327.66% | -30.16% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | $0.00 |
Diluted Earnings Per Share | -$0.06 | -$225.00 | -$322.10 |
COMMON SHARES | |||
Basic Shares Outstanding | 61.90M shares | 61.90M shares | 61.90M shares |
Diluted Shares Outstanding | 61.90M shares | 61.90M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $0.00 | $0.00 | $610.00 |
YoY Change | -100.0% | -100.0% | |
Cash & Equivalents | $610.00 | ||
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | $10.00 | |
YoY Change | -100.0% | ||
Inventory | |||
Prepaid Expenses | $10.00 | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $10.00 | $610.00 | |
YoY Change | -98.36% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $10.00 | $610.00 | |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $10.00 | $610.00 | |
YoY Change | -98.36% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | $3.830K | $18.88K |
YoY Change | -100.0% | -79.71% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $46.61K | $21.90K | $62.03K |
YoY Change | -31.27% | -64.69% | |
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 | $46.61K | $21.90K | $62.03K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $46.61K | $21.90K | $62.03K |
YoY Change | -31.27% | -64.69% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$299.2K | -$274.5K | |
YoY Change | |||
Common Stock | $252.6K | $252.6K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$46.61K | -$21.89K | -$61.42K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.00 | $610.00 | |
YoY Change | -98.36% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$24.72K | -$13.93K | -$19.94K |
YoY Change | 327.66% | -30.16% | |
Depreciation, Depletion And Amortization | $276.4K | $327.9K | |
YoY Change | |||
Cash From Operating Activities | -$28.54K | -$18.07K | -$13.05K |
YoY Change | 24.68% | 38.49% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $346.8K | $716.1K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $41.40K | $33.20K | |
YoY Change | |||
Cash From Investing Activities | -$305.3K | -$682.9K | |
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 | 28.54K | $18.07K | 12.85K |
YoY Change | 25.84% | 40.65% | |
NET CHANGE | |||
Cash From Operating Activities | -28.54K | -$18.07K | -13.05K |
Cash From Investing Activities | -305.3K | -$682.9K | |
Cash From Financing Activities | 28.54K | $18.07K | 12.85K |
Net Change In Cash | 0.000 | -200.0 | |
YoY Change | -100.0% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$28.54K | -$18.07K | -$13.05K |
Capital Expenditures | $346.8K | $716.1K | |
Free Cash Flow | -$375.3K | -$734.2K | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q3 | us-gaap |
Gross Profit
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|
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CY2022Q3 | dei |
Entity Central Index Key
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Amendment Flag
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false | |
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Document Fiscal Period Focus
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Q1 | |
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Current Fiscal Year End Date
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--05-31 | |
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Commitments And Contingencies
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Cost Of Revenue
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Gross Profit
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Interest Paid Net
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Income Taxes Paid Net
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Document Type
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10-Q | |
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Document Quarterly Report
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true | |
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Document Period End Date
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2022-08-31 | |
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2022 | |
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Document Transition Report
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false | |
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Entity File Number
EntityFileNumber
|
333-206804 | |
CY2022Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
Savmobi Technology, Inc. | |
CY2022Q3 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2022Q3 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
47-3240707 | |
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Entity Address Address Line1
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Building B8 | |
CY2022Q3 | dei |
Entity Address Address Line2
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China Zhigu | |
CY2022Q3 | dei |
Entity Address Address Line3
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Yinhu Street, Fuyang District | |
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Entity Address City Or Town
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Hangzhou, Zhejiang | |
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Entity Address Country
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CN | |
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City Area Code
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|
86 | |
CY2022Q3 | dei |
Local Phone Number
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|
57187197085 | |
CY2022Q3 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | |
CY2022Q3 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
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No | |
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Entity Filer Category
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Non-accelerated Filer | |
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Entity Small Business
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Entity Emerging Growth Company
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Entity Shell Company
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Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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61900000 | shares |
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Prepaid Expense Current
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Assets
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Accounts Payable And Accrued Liabilities Current
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Due To Related Parties Current
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18073 | usd |
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Other Liabilities Current
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1 | usd |
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Liabilities Current
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|
21902 | usd |
CY2022Q2 | us-gaap |
Liabilities Current
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8001 | usd |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
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Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
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Common Stock Shares Authorized
CommonStockSharesAuthorized
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75000000 | shares |
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Common Stock Shares Issued
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61900000 | shares |
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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61900000 | shares |
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61900000 | shares |
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Common Stock Value
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Common Stock Value
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61900 | usd |
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Additional Paid In Capital Common Stock
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Additional Paid In Capital Common Stock
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|
190734 | usd |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-274526 | usd |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-260600 | usd |
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Stockholders Equity
StockholdersEquity
|
-21892 | usd |
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Stockholders Equity
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-7966 | usd |
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Liabilities And Stockholders Equity
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|
10 | usd |
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Liabilities And Stockholders Equity
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35 | usd |
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General And Administrative Expense
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|
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General And Administrative Expense
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Operating Expenses
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Operating Expenses
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Net Income Loss
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Net Income Loss
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61900000 | shares |
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61900000 | shares |
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Stockholders Equity
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|
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Net Income Loss
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Stockholders Equity
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Stockholders Equity
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Stockholders Equity
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Increase Decrease In Accounts Payable And Accrued Liabilities
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Increase Decrease In Other Current Liabilities
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|
-1 | usd |
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Net Cash Provided By Used In Operating Activities
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|
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CY2021Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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Proceeds From Related Party Debt
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|
18073 | usd |
CY2021Q3 | us-gaap |
Proceeds From Related Party Debt
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|
12850 | usd |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18073 | usd |
CY2021Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
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|
12850 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-204 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
815 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
611 | usd |
CY2022Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_847_eus-gaap--UseOfEstimates_z00GgOtAuMP" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zC03CnScaWf4">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><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; text-indent: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain 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 period. The management makes its best estimate of the outcome for these items based on information available when the financial statements are prepared, however, actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
61900000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
61900000 | shares |
CY2022Q3 | SVMB |
Working Capital Deficit
WorkingCapitalDeficit
|
21892 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-18073 | usd |
CY2022Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
10 | usd |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3829 | usd |
CY2022Q3 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate | |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
142032 | usd |
CY2022Q3 | SVMB |
Operating Loss Carryforwards Expiration Description
OperatingLossCarryforwardsExpirationDescription
|
expire in 2042 | |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
29827 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
29827 | usd |