2022 Q3 Form 10-Q Financial Statement

#000149315222021887 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $429.7K $408.6K $603.2K
YoY Change -45.58% -56.39% 122.78%
Cost Of Revenue $349.6K $373.9K $539.2K
YoY Change -46.43% -52.56% 267.18%
Gross Profit $80.18K $34.70K $64.01K
YoY Change -41.54% -76.68% -48.35%
Gross Profit Margin 18.66% 8.49% 10.61%
Selling, General & Admin $405.1K $432.0K $1.389M
YoY Change -78.16% -79.81% 420.28%
% of Gross Profit 505.19% 1244.96% 2169.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.05K $24.59K $23.72K
YoY Change 112.08% 21.13% 102.56%
% of Gross Profit 46.21% 70.86% 37.06%
Operating Expenses $442.1K $456.6K $1.412M
YoY Change -76.38% -55.09% 406.94%
Operating Profit -$361.9K -$421.9K -$1.348M
YoY Change -79.14% -51.39% 771.68%
Interest Expense -$809.3K -$676.0K -$800.4K
YoY Change 1756.5% -56.65% 885.52%
% of Operating Profit
Other Income/Expense, Net -$1.146M -$652.5K $1.090M
YoY Change 2536.9% -28.19% -10996.8%
Pretax Income -$1.508M -$1.074M -$1.167M
YoY Change -15.22% -39.52% 587.66%
Income Tax $5.372K $3.340K
% Of Pretax Income
Net Earnings -$1.505M -$1.079M -$1.169M
YoY Change -15.51% -40.44% 592.59%
Net Earnings / Revenue -350.25% -264.02% -193.87%
Basic Earnings Per Share -$0.33 -$0.25
Diluted Earnings Per Share -$328.2K -$252.6K -$280.3K
COMMON SHARES
Basic Shares Outstanding 4.486M shares 4.271M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.34K $19.50K $56.33K
YoY Change -84.18% -85.82% 89.92%
Cash & Equivalents $63.34K $19.50K $56.33K
Short-Term Investments
Other Short-Term Assets $23.24K $218.4K $150.3K
YoY Change -95.7% -54.64% 2508.85%
Inventory
Prepaid Expenses
Receivables $465.0K $847.7K $774.1K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $551.6K $1.086M $980.7K
YoY Change -69.1% -16.26% 24.95%
LONG-TERM ASSETS
Property, Plant & Equipment $38.20K $54.11K $34.17K
YoY Change -74.75% -65.11% -78.97%
Goodwill $5.863M $5.863M $5.863M
YoY Change
Intangibles $1.125M $1.151M $1.207M
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $208.2K $215.6K $233.5K
YoY Change 76.83% 27.63% 630.9%
Total Long-Term Assets $7.628M $7.699M $7.572M
YoY Change 3.64% 4.09% 660.11%
TOTAL ASSETS
Total Short-Term Assets $551.6K $1.086M $980.7K
Total Long-Term Assets $7.628M $7.699M $7.572M
Total Assets $8.180M $8.785M $8.553M
YoY Change -10.56% 1.06% 380.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.330M $2.408M $2.146M
YoY Change 20.22% 48.95%
Accrued Expenses $277.4K $271.6K $425.2K
YoY Change -39.05% -40.8% 26.61%
Deferred Revenue
YoY Change
Short-Term Debt $247.8K $253.7K $218.8K
YoY Change -29.19% -20.43% -49.14%
Long-Term Debt Due $655.3K $345.4K $219.0K
YoY Change -81.32% -89.46% -88.92%
Total Short-Term Liabilities $11.91M $11.06M $10.83M
YoY Change 15.32% 17.43% 173.83%
LONG-TERM LIABILITIES
Long-Term Debt $118.1K $126.3K $36.05K
YoY Change 127.36% 79.64% -39.77%
Other Long-Term Liabilities $430.9K $439.3K $109.8K
YoY Change 279.22% 276.3% -12.29%
Total Long-Term Liabilities $549.0K $565.6K $145.9K
YoY Change 231.57% 202.39% -21.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.91M $11.06M $10.83M
Total Long-Term Liabilities $549.0K $565.6K $145.9K
Total Liabilities $12.46M $11.62M $10.97M
YoY Change 18.78% 21.0% 165.11%
SHAREHOLDERS EQUITY
Retained Earnings -$12.46M -$10.95M -$8.954M
YoY Change
Common Stock $448.00 $448.00 $417.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.274M -$2.832M -$2.414M
YoY Change
Total Liabilities & Shareholders Equity $8.180M $8.785M $8.553M
YoY Change -10.56% 1.06% 380.2%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$1.505M -$1.079M -$1.169M
YoY Change -15.51% -40.44% 592.59%
Depreciation, Depletion And Amortization $37.05K $24.59K $23.72K
YoY Change 112.08% 21.13% 102.56%
Cash From Operating Activities -$307.4K -$341.4K -$1.426M
YoY Change -41.84% -41.15% 1643.18%
INVESTING ACTIVITIES
Capital Expenditures -$1.700K -$5.670K -$2.870K
YoY Change 49.12% 182.09% 76.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$40.00
YoY Change -100.0% -99.84%
Cash From Investing Activities -$1.700K -$5.670K -$2.920K
YoY Change 50.44% -76.75% -89.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 349.5K 252.3K 1.084M
YoY Change -52.87% -69.64% 694.28%
NET CHANGE
Cash From Operating Activities -307.4K -341.4K -1.426M
Cash From Investing Activities -1.700K -5.670K -2.920K
Cash From Financing Activities 349.5K 252.3K 1.084M
Net Change In Cash 40.40K -94.70K -344.5K
YoY Change -80.94% -141.76% -1359.91%
FREE CASH FLOW
Cash From Operating Activities -$307.4K -$341.4K -$1.426M
Capital Expenditures -$1.700K -$5.670K -$2.870K
Free Cash Flow -$305.7K -$335.7K -$1.423M
YoY Change -42.03% -41.92% 1675.05%

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309013 usd
CY2022Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
195338 usd
CY2021Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
160582 usd
us-gaap Professional Fees
ProfessionalFees
208649 usd
us-gaap Professional Fees
ProfessionalFees
287288 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
94171 usd
CY2021Q2 us-gaap Professional Fees
ProfessionalFees
135863 usd
TCE Rent Expense
RentExpense
16498 usd
TCE Rent Expense
RentExpense
15511 usd
CY2022Q2 TCE Rent Expense
RentExpense
14691 usd
CY2021Q2 TCE Rent Expense
RentExpense
7725 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
49504 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
37019 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24590 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20301 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
230906 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1527969 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
127839 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
692245 usd
us-gaap Operating Expenses
OperatingExpenses
864593 usd
us-gaap Operating Expenses
OperatingExpenses
2176800 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
456629 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
1016716 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-854619 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1869440 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-421926 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-867910 usd
TCE Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
-177872 usd
TCE Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
-1196132 usd
CY2022Q2 TCE Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
-186062 usd
CY2021Q2 TCE Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
-691125 usd
TCE Paycheck Protection Program Forgiveness And Other Income
PaycheckProtectionProgramForgivenessAndOtherIncome
23489 usd
TCE Paycheck Protection Program Forgiveness And Other Income
PaycheckProtectionProgramForgivenessAndOtherIncome
10073 usd
CY2022Q2 TCE Paycheck Protection Program Forgiveness And Other Income
PaycheckProtectionProgramForgivenessAndOtherIncome
23441 usd
us-gaap Interest Expense Other
InterestExpenseOther
978432 usd
us-gaap Interest Expense Other
InterestExpenseOther
363178 usd
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
489913 usd
CY2021Q2 us-gaap Interest Expense Other
InterestExpenseOther
217545 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1132815 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1549237 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-652534 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-908670 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1987434 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3418677 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1074460 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1776580 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11051 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
81996 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5372 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33722 usd
us-gaap Profit Loss
ProfitLoss
-1998485 usd
us-gaap Profit Loss
ProfitLoss
-3500673 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1079832 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2345 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2563 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1040 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1110 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-3503236 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1078792 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1811412 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-213287 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
26948 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-109989 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
20809 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1782853 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3530184 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-968803 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1832221 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.92
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4221712 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3809860 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4271235 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3896080 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2357176 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
456000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
224687 usd
CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
436385 usd
CY2021Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2049821 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
984268 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
68642 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
108341 usd
CY2021Q1 TCE Net Income Loss Including Comprehensive Income
NetIncomeLossIncludingComprehensiveIncome
-1696510 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
274458 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
38500 usd
CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1750 usd
CY2021Q2 TCE Stock Issued During Period Value Providing Note Payable
StockIssuedDuringPeriodValueProvidingNotePayable
447000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
118465 usd
CY2021Q2 TCE Adjustments To Additional Paid In Capital Share Based Compensation For Restricted Stock Grants
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationForRestrictedStockGrants
40222 usd
CY2021Q2 TCE Net Income Loss Including Comprehensive Income
NetIncomeLossIncludingComprehensiveIncome
-1831111 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-910716 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2418303 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
18223 usd
CY2022Q1 TCE Adjustments To Additional Paid In Capital Share Based Compensation For Restricted Stock Grants
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationForRestrictedStockGrants
33208 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
410112 usd
CY2022Q1 TCE Net Income Loss Including Comprehensive Income
NetIncomeLossIncludingComprehensiveIncome
-815355 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2772115 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
851353 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
851353 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
18223 usd
CY2022Q2 TCE Adjustments To Additional Paid In Capital Share Based Compensation For Restricted Stock Grants
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationForRestrictedStockGrants
33209 usd
CY2022Q2 TCE Net Income Loss Including Comprehensive Income
NetIncomeLossIncludingComprehensiveIncome
-969843 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2839173 usd
us-gaap Net Income Loss
NetIncomeLoss
-1996140 usd
us-gaap Net Income Loss
NetIncomeLoss
-3503236 usd
TCE Change In Noncontrolling Interest
ChangeInNoncontrollingInterest
2345 usd
TCE Change In Noncontrolling Interest
ChangeInNoncontrollingInterest
-2563 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
223673 usd
TCE Forgiveness Of Debt
ForgivenessOfDebt
-18153 usd
TCE Forgiveness Of Debt
ForgivenessOfDebt
-10087 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
49504 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
37019 usd
us-gaap Lease Cost
LeaseCost
1936 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
7193 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2164 usd
us-gaap Share Based Compensation
ShareBasedCompensation
102863 usd
us-gaap Share Based Compensation
ShareBasedCompensation
295448 usd
TCE Common Stock Issued For Services Rendered
CommonStockIssuedForServicesRendered
-925356 usd
TCE Change In Fair Value Of Derivative Liability And Derivative Expense
ChangeInFairValueOfDerivativeLiabilityAndDerivativeExpense
-177872 usd
TCE Change In Fair Value Of Derivative Liability And Derivative Expense
ChangeInFairValueOfDerivativeLiabilityAndDerivativeExpense
-1196132 usd
TCE Fees Paid In Debt Financing
FeesPaidInDebtFinancing
3250 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
566294 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
146966 usd
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
8 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
202924 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
415092 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-92734 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-90730 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
30974 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
410064 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-325373 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
28861 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
14738 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
54566 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
76995 usd
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1255385 usd
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
2294142 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-740755 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1209094 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
42905 usd
TCE Cash Received In Acquisition
CashReceivedInAcquisition
5951 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
21856 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31244 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2010 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31244 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
24990 usd
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
47436 usd
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
45258 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
494500 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
515000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
20000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
579185 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1122096 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
115809 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
681968 usd
TCE Proceeds From Long Term Debt
ProceedsFromLongTermDebt
370659 usd
TCE Proceeds From Long Term Debt
ProceedsFromLongTermDebt
50331 usd
TCE Repayment Of Long Term Debt
RepaymentOfLongTermDebt
152829 usd
TCE Repayment Of Long Term Debt
RepaymentOfLongTermDebt
96499 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
728642 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1428718 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43357 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
244614 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
170528 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
58404 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
127171 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
303018 usd
us-gaap Interest Paid Net
InterestPaidNet
22398 usd
us-gaap Interest Paid Net
InterestPaidNet
21908 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5679 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
81996 usd
us-gaap Stock Issued1
StockIssued1
224688 usd
TCE Right Of Use Asset For Lease Liability
RightOfUseAssetForLeaseLiability
331154 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_808_eus-gaap--NatureOfOperations_z6rNwAkjHoEk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_829_zovh91jCcL2f">ORGANIZATION AND NATURE OF OPERATIONS</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TraQiQ, Inc. (along with its wholly owned subsidiaries, referred to herein as the “Company”) was incorporated in the State of California on September 9, 2009 as Thunderclap Entertainment, Inc. On July 14, 2017, Thunderclap Entertainment, Inc. changed its name to TraQiQ, Inc. On July 19, 2017, the Company entered into a Share Exchange Agreement (“Share Exchange”) with the stockholders of OmniM2M, Inc. (“OmniM2M”) and TraQiQ Solutions, Inc. dba Ci2i Services, Inc. (formerly Ci2i Services, Inc. – amended November 6, 2019) (“Ci2i”) whereby the stockholders of Omni and Ci2i exchanged all of their respective shares, representing <span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20170719__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--OmniMTwoMAndCiTwoMember_z99fxJyf1XG4" title="Ownership interest percentage">100</span>% ownership in OmniM2M and Ci2i in exchange for <span id="xdx_909_eus-gaap--ConversionOfStockSharesConverted1_c20170718__20170719__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__dei--LegalEntityAxis__custom--OmniMTwoMAndCiTwoMember_zjVmrXqtr0V8" title="Exchange shares of common stock">1,500,000</span> shares of the Company’s common stock, respectively. The OmniM2M Shareholders and the Ci2i Shareholders have each been issued their respective <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20170718__20170719__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__dei--LegalEntityAxis__custom--OmniMTwoMAndCiTwoMember__us-gaap--StatementEquityComponentsAxis__custom--ProRataBasisMember_z887vPXW85na" title="Number shares issued during period">1,500,000</span> shares on a pro rata basis based on their respective holdings in OmniM2M and Ci2i in the Share Exchange Agreement. The Share Exchange was accounted for as a reverse merger whereas Ci2i is considered the accounting acquirer and TraQiQ,Inc. is considered the accounting acquiree. For accounting purposes, the acquisition of Omni is recorded at historical cost in accordance with Accounting Standard Codification (“ASC”) 805-50-25-2 as this is considered an acquisition of entities under common control as the management of the Company and Omni control the activities of the respective companies. Prior to the merger with Ci2i and acquisition of Omni, the Company was considered a shell company under Rule 12b-2 of the Exchange Act. On December 1, 2017, The Company entered into a Share Purchase Agreement (the “Share Exchange Agreement”) with Ajay Sikka (“Sikka”), the sole shareholder of Transport IQ, Inc. whereby Sikka agreed to sell all of the shares in TransportIQ, Inc. (“TransportIQ”) in exchange for $<span id="xdx_907_ecustom--ExchangeOfCancellationDebt_pp0p0_c20171129__20171201__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--TitleOfIndividualAxis__custom--AjaySikkaMember__dei--LegalEntityAxis__custom--TransportIQIncMember_zF7qDqZ8DZw8" title="Exchange of cancellation debt">18,109</span>, in the form of cancellation of all of the debt of TransportIQ that is owed to the Company. The transaction became effective upon the execution of the Share Exchange Agreement by Sikka and the Company; and Transport IQ, Inc, is now a wholly-owned subsidiary of the Company. Because TransportIQ was commonly controlled and owned, the transaction was recorded at the historical carrying value of TransportIQ’s assets and liabilities.</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 Financial Industry Regulatory Authority on March 18, 2022, approved a reverse 1 for 8 stock split of the Company’s common shares. The reverse split was effective on March 21, 2022. The common shares and common share equivalents as well as the per-share amounts have been retroactively restated in accordance with ASC 855-10-25 and the loss per share figures have been retroactively restated in accordance with ASC 260-10-55-12.</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>Overview of the Company</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">With operations concentrated in India, Southeast Asia and Latin America, the Company helps businesses in emerging markets leverage the “gig” or task economy by providing both technology solutions and a network of workers required to fulfill those tasks. The Company provides software as a service that enables clients to build and manage a network of contract task workers. This platform can also be used by business clients to manage their employees who are performing services, such as PC repair or food delivery. In addition, with the recent acquisition of Mimo Technologies Private Limited (“Mimo”), Mimo operates a network of over 14,000 task workers in India who make deliveries, collect payments, do background verifications, and fulfill tasks across the supply chain, as needed by business clients to deliver their products and services to their respective markets and customers.</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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TraQSuite is a cloud based software platform with a revenue model based on initial and transaction-based licensing fees as well as consulting fees. Licensees pay an initial per-module fee that varies depending on the number of modules that are licensed. This fee is typically $<span id="xdx_90C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20220101__20220630__srt--ProductOrServiceAxis__us-gaap--LicenseAndServiceMember_zvPQmOzt1R54" title="Target revenue">10,000</span> per module. Customers are also billed on a per-user or per-transaction basis every month. User fees range from a $<span id="xdx_905_ecustom--AdministartorCustomerUserFees_pp0p0_c20220101__20220630_zXYRI8Qz6XNh" title="Administartor customer user fees">75</span> per month fee for the administrator to $<span id="xdx_90E_ecustom--CustomerUserFees_pp0p0_c20220101__20220630_zf1m7R1Q1pQl" title="Customer user fees">5</span> per month for regular users. Transaction fees averages about $<span id="xdx_904_eus-gaap--BusinessAcquisitionSharePrice_iI_c20220630__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zcwHhewa5q95" title="Transaction fees average per shares">1</span> per transaction, with discounts for higher volumes. Most customers also pay initial consulting fees upfront for integration of TraQSuite with their legacy software and training of their employees in the use of TraQSuite.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s TraQSuite software platform powers the last mile distribution network, allowing business users to target customers, facilitate and validate transactions, track and manage task workers, manage funds and run a distribution network. Key features of the TraQSuite software include:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Last Mile delivery</i>:</b> TraQSuite’s Last-Mile software module enables a business to manage thousands of task workers across multiple geographies to deliver products and services to the users. The software platform, operating through mobile apps, allows for data sharing, delivery validation, geo-tagging and know-your-customer (KYC) requirements and can even measure customer satisfaction.</span></td></tr> </table> <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> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Transact</i>: </b>TraQSuite enables task workers to facilitate transactions by meeting the end customers. They can collect payments via credit cards, smart-phone swipes, SMS messages or cash. Both banked and unbanked users can buy products and services and pay with their mobile devices.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Target</i>: </b>TraQSuite enables customer transactions to be rewarded with loyalty credits, tokens or points that can be redeemed by the customer for free products, discounts and benefits. The software analyzes these transactions and purchase behaviors by using leading AI models and can deliver real time, automated and targeted offers and recommendations for additional purchases and customer retention.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify; text-indent: -0.25in"><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 Mimo delivery and task service in India runs on the TraQSuite platform and performs deliveries and fulfills tasks for some of the largest businesses in India. Mimo provides delivery and pickup services for the banking and insurance industry, performing verifications, field investigations for loan requests, business verification, employment verification, collection of documents and customer data and assistance in filling out forms for banks. Mimo works with microfinance institutions to collect cash, such as loan payments, convert cash to digital forms such as debit cards, and conduct data collection and surveys. For consumer goods companies, Mimo does promotional marketing, last mile (hyper-local) delivery, merchant onboarding or activation, store audits, and route optimization for delivery.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s strategy is to grow the business through a combination of organic growth and strategic investments that bring new functionality and revenue streams to the Company. The plan is to enhance the functionality of our existing products, increase sales in the Indian market and entry into new emerging markets. The Company has a presence in India, Southeast Asia and Latin America, and recently added new customers in Australia, New Zealand and parts of Africa.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </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"><b>TraQiQ Solutions, Inc.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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">Ci2i is a services company founded in 1998 that develops and deploys intelligent technologies and products in order to meet the demand for sustainable, integrated solutions. Ci2i’s primary focus has been in the analytics and intelligence segments. The Company is investing significantly in building products in the area of supply chain and last mile delivery.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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">Ci2i’s cloud solutions and analytics services comprise software development, program management, project management, and business analytics services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center; background-color: white"><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>TraQiQ Solutions Private Limited</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 16, 2019, the Company entered into a Share Exchange Agreement with Mann-India Technologies Private Ltd., an Indian Corporation (“Mann”). On January 2, 2020, Mann changed its name to TraQiQ Solutions Private Limited (“TRAQ Pvt Ltd”). Pursuant to the Share Exchange Agreement with Mann, the Company acquired <span id="xdx_909_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_pid_dp_c20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_z31DVdtlO70e" title="Business acquisition, percentage of voting interests acquired">100</span>% of the shares of Mann and assumed certain net liabilities in exchange for warrants exercisable over a <span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dxL_c20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zXIWN1tuTGv7" title="Warrants and rights outstanding term::XDX::P5Y"><span style="-sec-ix-hidden: xdx2ixbrl0933">five</span></span>-years to purchase <span id="xdx_902_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zSdXZg50DoP8" title="Warrants to purchase common stock">166,159</span> shares of common stock of the Company valued at $268. The warrants will be exercisable as follows: (i) <span id="xdx_90A_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember__srt--StatementScenarioAxis__custom--ImmediatelyUponClosingMember_ze9rkk48Eji5" title="Warrants to purchase common stock">12,596</span> warrants immediately; (ii) <span id="xdx_909_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember__srt--StatementScenarioAxis__custom--OneYearAfterTheDateOfClosingMember_zVESOy3zAKS1" title="Warrants to purchase common stock">107,494</span> warrants exercisable one-year after the date of closing, which was extended to March 31, 2021; and (iii) <span id="xdx_907_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember__srt--StatementScenarioAxis__custom--TwoYearsAfterTheDateOfClosingMember_zy9ooGSpsOs" title="Warrants to purchase common stock">46,069</span> warrants exercisable two-years after the date of closing. This transaction is being recorded as a business combination under ASC 805. There were <span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20210630__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zjls97hJkLIk" title="Warrants to purchase common stock">56,400</span> of these warrants exercised during 2021, <span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20220630__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zVDYNJFISnL" title="Warrants to purchase common stock">44,554</span> during 2022, and <span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_c20220630__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zfEJlFgudsIg" title="Warrants outstanding">12,813</span> warrants remain outstanding as of June 30, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The warrants that are exercisable in one-year and two-years are conditioned upon TRAQ Pvt Ltd. achieving certain revenue figures and pre-tax profit percentages. TRAQ Pvt Ltd. must achieve target revenue of $<span id="xdx_900_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn5n6_c20190512__20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zCEP6hUW05O6" title="Target revenue">1.1</span> million (US$) and pre-tax profit of <span id="xdx_904_ecustom--PretaxProfitPercentage_pid_uPure_c20190512__20190516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--TraqiqSolutionsPrivateLimitedMember_zqUll4WRo3Fc" title="Pre-tax profit percentage">25</span>% (US$). Should TRAQ Pvt Ltd. be unable to achieve these criteria, the warrants will be reduced proportionately. A total of <span id="xdx_907_ecustom--NumberOfWarrantsCancelled_c20210510__20210516__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember_zqgpn4ofXBQl" title="Number of warrants cancelled">52,391</span> of these warrants were cancelled effective May 16, 2021 as a result of these criteria not being achieved.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center; background-color: white"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mann-India Private limited was renamed to TraQiQ Solutions Private Limited shortly after acquisition by TraQiQ Inc.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRAQ Pvt Ltd. was established in May 2000 and is headquartered in New Delhi, India. TRAQ Pvt Ltd. is a leading software development company which, with the advent of technology, has evolved as a mature and fast-growing company committed to provide reliable and cost-effective software solutions across industries all over the world.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center; background-color: white"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRAQ Pvt Ltd. has its own experienced team of software developers dedicated towards developing various kinds of customized software.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center; background-color: white"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TraQ Pvt Ltd. has been doing business around the world for over 15 years, with particular emphasis on Latin America and India. The customer list includes large enterprise Finance and Insurance companies across Latin America. The company’s product portfolio has evolved rapidly and now includes enterprise ready solutions for payment processing, mobile wallets, micro lending solutions and digital transformation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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>Rohuma, LLC</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 22, 2021, the Company entered into a Share Exchange Agreement with Rohuma, LLC, a Delaware limited liability company (“Rohuma”) and its members, whereby the Rohuma members agreed to exchange all of their respective membership interests in Rohuma in exchange for <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesConversionOfUnits_c20210120__20210122__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember_zbchFdlxj08h" title="Number of exchange shares of common stock">536,528</span> shares of common stock, of which the first tranche of shares were issued on March 1, 2021 totaling <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesConversionOfUnits_c20210225__20210301__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_z5a7FRFGqjD9" title="Number of exchange shares of common stock">320,285</span> shares, with the remaining value reflected as contingent consideration until the shares vest at which time they will be issued. The transaction was valued at $<span id="xdx_906_eus-gaap--StockIssuedDuringPeriodValueConversionOfUnits_pp0p0_c20210225__20210301__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_z2KH76J1BLv4" title="Number of exchange shares of common stock, amount">3,433,776</span> ($<span id="xdx_903_eus-gaap--SharesIssuedPricePerShare_iI_c20210301__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember__us-gaap--VestingAxis__us-gaap--ShareBasedCompensationAwardTrancheOneMember_zPBbr4wnFCSc" title="Shares issued, price per share">6.40</span> per share). The Company effective March 31, 2022, determined that the second tranche of shares (<span id="xdx_90C_ecustom--NumberOfSharesToBeIssued_c20210120__20210122__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember_zQgrmOaN1KU3" title="Number of shares to be issued, shares">133,024</span>) met the criteria to be issued, and the value of $<span id="xdx_903_ecustom--NumberOfSharesToBeIssuedValue_c20210120__20210122__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--RohumaLLCMember_ziENQpbI7W3k" title="Number of shares to be issued, value">851,353</span> was reclassified from contingent consideration to stockholders’ equity. Rohuma has an Indian affiliate that is owned <span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20210122__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--RohumaLLCMember_zeOAWAjpEjol" title="Ownership interest percentage">99</span>% by Rohuma and <span id="xdx_906_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_iI_pid_dp_uPure_c20210122__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--OwnershipAxis__custom--RohumaLLCMember_z5RD2HGYUnJd" title="Remaining percentage">1</span>% by its founding member. Rohuma controls this entity and the <span id="xdx_909_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_iI_pid_dp_uPure_c20210122__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--RangeAxis__srt--MaximumMember_zW2uHvsaRDx4">1</span>% ownership by the member is now less than <span id="xdx_905_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_iI_pid_dp_uPure_c20210122__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--RangeAxis__srt--MaximumMember_zsBMWXhVwveg">1</span>% upon acquisition by the Company. This amount is reflected as a non-controlling interest.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rohuma dba Kringle.ai is a California based software solutions company that enables digital and mobile commerce by providing enterprise class applications that cover loyalty and rewards products, payments, online ordering, distribution logistics for retail and more. Kringle analyzes customers’ omni-channel behaviors and transactions. Using AI for digital commerce, Kringle is able to deliver real time, automated 1:1 recommendations and personalized content across all customer touch points.</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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Mimo Technologies Private Limited</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 17, 2021, the Company entered into a Share Exchange Agreement with Mimo Technologies Private Ltd., and Indian corporation (“Mimo”) and its shareholders, whereby the Mimo shareholders agreed to exchange all of their respective shares in Mimo in exchange for warrants to purchase <span id="xdx_907_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember_z5IU79QCmDSj" title="Warrants to purchase common stock">170,942</span> shares of the Company’s common stock. Of these warrants, <span id="xdx_900_ecustom--ClassOfWarrantOrRightNumberOfSecuritiesEarnedByEachWarrantOrRight_iI_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember_zSgil58a4SN7" title="Number of warrants earned">102,565</span> were earned at the date of acquisition, with the remaining <span id="xdx_900_ecustom--RemainingWarrantsExpectedToBeEarned_iI_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember_zgnakWLNV9v9" title="Remaining warrants expected to be earned">68,377</span> expected to be earned over the next two years from grant based on revenue goals for Mimo. The warrants have a term of three years and an exercise price of $<span id="xdx_90A_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember_z6yHdkYaWJka" title="Warrants exercise price">0.008</span> and value in the amount of $<span id="xdx_906_eus-gaap--WarrantsAndRightsOutstanding_iI_pp0p0_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember_zjz66D0rduWc" title="Amount of warrants outstanding">1,640,447</span>, of which $<span id="xdx_903_eus-gaap--WarrantsAndRightsOutstanding_iI_pp0p0_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--StatementEquityComponentsAxis__us-gaap--AdditionalPaidInCapitalMember_z1fsdFlL8lDk" title="Amount of warrants outstanding">984,268</span> is reflected in additional paid in capital, with the remaining $<span id="xdx_904_eus-gaap--WarrantsAndRightsOutstanding_iI_pp0p0_c20210217__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--StatementScenarioAxis__custom--ContingentConsiderationMember_z5IPMDSxcrEc" title="Amount of warrants outstanding">656,179</span> reflected as contingent consideration. The Company effective March 31, 2022, determined that the criteria for vesting of the second tranche of warrants was satisfied and reclassified $<span id="xdx_901_eus-gaap--AdjustmentsToAdditionalPaidInCapitalOther_c20210215__20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--MIMOTechnologiesPVTLtdMember_zbwOwNTQAQk6" title="Number of shares to be issued value">410,112</span> from contingent consideration to additional paid in capital. In addition to the issuance of the warrants, TRAQ Pvt Ltd, wrote off $<span id="xdx_900_ecustom--AmountWrittenOffInAgreement_pp0p0_c20210215__20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--MIMOTechnologiesPVTLtdMember_z3oEFwvpCPvf" title="Amount written-off in agreement">258,736</span> in amounts due from a note receivable, $<span id="xdx_904_ecustom--AccountsReceivableWrittenOff_pp0p0_c20210215__20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--MIMOTechnologiesPVTLtdMember_zWPYXOPgXC0e" title="Accounts receivable written off">123,778</span> in accounts receivable and $<span id="xdx_907_ecustom--DebentureWrittenOff_pp0p0_c20210215__20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--MIMOTechnologiesPVTLtdMember_z3lgjCYK68ya" title="Debenture written off">40,354</span> in a debenture from Mimo. In addition, a cash payment was made to one of the minority shareholders of Mimo in the amount of $<span id="xdx_902_ecustom--CashPaymentToMinorityShareholders_pp0p0_c20210215__20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--MIMOTechnologiesPVTLtdMember_zRTWuqXu6Ln3" title="Cash payment to minority shareholders">22,338</span>. The Company acquired over <span id="xdx_905_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MIMOTechnologiesPVTLtdMember_zzhFUKISqLh9" title="Ownership interest percentage">99</span>% of Mimo with the remaining percentage of less than <span id="xdx_908_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_iI_pid_dp_uPure_c20210217__us-gaap--TypeOfArrangementAxis__custom--ShareExchangeAgreementMember__srt--OwnershipAxis__custom--MIMOTechnologiesPVTLtdMember_zJlAMoYqAy1a" title="Remaining percentage">1</span>% reflected as a non-controlling interest.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TraQiQ operates the Mimo delivery and task service in India. This service runs on the TraQSuite platform. Mimo has 14,000+ independent contractors across India performing deliveries and fulfilling tasks for the largest corporations in the country. Our team at Mimo uses a sophisticated technology platform and a smartphone app to get their tasks completed. This is coupled with a verification and billing system that allows customers of all sizes to leverage this distribution infrastructure.</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">Mimo offers a broad set of services. These offerings can be classified into three broad categories:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif">● </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Data collection and client verification (surveys, verification, on-boarding),</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">● </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash management &amp; handling services, and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">● </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Distribution and demand generation (order fulfilment, demand generation, delivery services for e-commerce companies)</span></td></tr> </table> <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">Mimo assists the delivery and pickup segment of the banking and insurance industry by performing verifications, field investigations for loan requests, business verifications and employment verification, and also collects documents, assists in filling forms for banks, and completes data collection from customers.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><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">Mimo works with microfinance institutions to collect cash, such as loan payments, convert cash to digital means like debit cards, and conduct data collection and surveys.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For consumer goods companies, Mimo does promotional marketing, Last mile (hyper-local) delivery, merchant onboarding or activation, store audits, and route optimization for delivery. Mimo provides efficient end-to-end transshipment logistics. The framework manages and optimizes last-mile delivery &amp; e-commerce logistics across the entire distribution chain with transparency and seamless integration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><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">Mimo is currently in the planning stages to provide food, alcohol &amp; medicine deliveries as well.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the COVID-19 pandemic, Mimo leveraged video as a platform for verification and document delivery. Now, the task workers include people who are in the field on bikes and trucks, people on a video screen, as well as people on the phone.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><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">There are also data digitization tasks being done by Mimo task workers across the country. In a country like India where there are over 20 languages and multiple dialects, the task workers convert paper documents into electronic form in the same language or translate them into another language.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><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; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mimo provides delivery and task worker solutions across India. Mimo works with Banking, Financial, Logistics and Distribution companies, to take their products and services to semi-urban and rural India. Mimo trains the agents in each Product or Service through an online and classroom training platform. The company powers the gig economy task workers throughout the country and provides a very valuable source of employment for young people who may or may not have a high school diploma.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
TCE Administartor Customer User Fees
AdministartorCustomerUserFees
75 usd
TCE Customer User Fees
CustomerUserFees
5 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zv3GS5XZeUZe" 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><i><span id="xdx_865_z87y8FcQD9sk">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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 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 revenues and expenses during the reporting periods. These estimates include, but are not limited to, management’s estimate of provisions required for non-collectible accounts receivable, depreciative lives of our assets, determination of technological feasibility, and valuation allowances of our deferred tax assets. 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: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_842_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z7H7JCxGaFVi" 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><i><span id="xdx_86A_zXvltzMXjUE1">Reclassification</span></i></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">Certain prior period amounts have been reclassified to conform with current period presentation with no effect on the Company’s net loss, total assets, liabilities equity or cash flows.</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>
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19497 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56329 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
107674 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
114199 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
169648 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
193535 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
TCE Administartor Customer User Fees
AdministartorCustomerUserFees
75 usd
TCE Customer User Fees
CustomerUserFees
5 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
755995 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1319388 usd
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<p id="xdx_848_eus-gaap--DerivativesReportingOfDerivativeActivity_z9gQgt0xVEi6" 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><i><span id="xdx_867_zEJaMRAUtC7d">Derivative Financial Instruments</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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">Derivatives are recorded on the consolidated balance sheet at fair value. The conversion features of the convertible instruments are embedded derivatives and are separately valued and accounted for on the consolidated balance sheet with changes in fair value recognized during the period of change as a separate component of other income/expense. Fair values for exchange-traded securities and derivatives are based on quoted market prices. Valuations derived from various models are subject to ongoing internal and external verification and review. Model used incorporate market-sourced inputs such as interest rates and stock price volatilities. Selection of these inputs involves management’s judgment and may impact net income (loss).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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">With the issuance of the July 2017 FASB ASU 2017-11, <i>“Earnings Per Share (Topic 260) Distinguishing Liabilities from Equity (Topic 480) Derivatives and Hedging (Topic 815),”</i> which addresses the complexity of accounting for certain financial instruments with down round features, the Company has chosen the early adopt retroactively the amendments in Part I of the standard whereby fair value derivative liabilities previously recognized were derecognized in the current and comparative periods. Under the amendments included in this update, the Company is no longer required to record changes in fair value during the period of change as a separate component of other income (expense) in the consolidated Statements of Operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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 amendments in Part I of this Update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity classified financial instruments, the amendments require entities that present earnings per share (EPS) in accordance with Topic 260 to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. Convertible instruments with embedded conversion options that have down round features are now subject to the specialized guidance for contingent beneficial conversion features (in Subtopic 470-20, “<i>Debt—Debt with Conversion and Other Options</i>”), including related EPS guidance (in Topic 260).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><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 amendments in Part II of this Update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. Those amendments do not have an accounting effect.</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">Under current GAAP, an equity-linked financial instrument with a down round feature that otherwise is not required to be classified as a liability under the guidance in Topic 480 is evaluated under the guidance in Topic 815, “<i>Derivatives and Hedging</i>,” to determine whether it meets the definition of a derivative. If it meets that definition, the instrument (or embedded feature) is evaluated to determine whether it is indexed to an entity’s own stock as part of the analysis of whether it qualifies for a scope exception from derivative accounting.</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">Generally, for warrants and conversion options embedded in financial instruments that are deemed to have a debt host (assuming the underlying shares are readily convertible to cash or the contract provides for net settlement such that the embedded conversion option meets the definition of a derivative), the existence of a down round feature results in an instrument not being considered indexed to an entity’s own stock. This results in a reporting entity being required to classify the freestanding financial instrument or the bifurcated conversion option as a liability, which the entity must measure at fair value initially and at each subsequent reporting date.</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 amendments in this Update revise the guidance for instruments with down round features in Subtopic 815-40, “<i>Derivatives and Hedging—Contracts in Entity’s Own Equity</i>,” which is considered in determining whether an equity-linked financial instrument qualifies for a scope exception from derivative accounting. An entity still is required to determine whether instruments would be classified in equity under the guidance in Subtopic 815-40 in determining whether they qualify for that scope exception. If they do qualify, freestanding instruments with down round features are no longer classified as liabilities and embedded conversion options with down round features are no longer bifurcated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For entities that present EPS in accordance with Topic 260, and when the down round feature is included in an equity-classified freestanding financial instrument, the value of the effect of the down round feature is treated as a dividend when it is triggered and as a numerator adjustment in the basic EPS calculation. This reflects the occurrence of an economic transfer of value to the holder of the instrument, while alleviating the complexity and income statement volatility associated with fair value measurement on an ongoing basis. Convertible instruments are unaffected by the Topic 260 amendments in this Update.</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">Those amendments in Part I of this Update are a cost savings relative to current GAAP. This is because, assuming the required criteria for equity classification in Subtopic 815-40 are met, an entity that issued such an instrument no longer measures the instrument at fair value at each reporting period (in the case of warrants) or separately accounts for a bifurcated derivative (in the case of convertible instruments) on the basis of the existence of a down round feature. For convertible instruments with embedded conversion options that have down round features, applying specialized guidance such as the model for contingent beneficial conversion features rather than bifurcating an embedded derivative also reduces cost and complexity. Under that specialized guidance, the issuer recognizes the intrinsic value of the feature only when the feature becomes beneficial instead of bifurcating the conversion option and measuring it at fair value each reporting period.</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 amendments in Part II of this Update replace the indefinite deferral of certain guidance in Topic 480 with a scope exception. This has the benefit of improving the readability of the Codification and reducing the complexity associated with navigating the guidance in Topic 480.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in Part 1 of this Update should be applied in either of the following ways:</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> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">retrospectively to outstanding financial instruments with a down round feature by means of a cumulative-effect adjustment to the statement of financial position as of the beginning of the first fiscal year and interim period(s) in which the pending content that links to this paragraph is effective; or</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">retrospectively to outstanding financial instruments with a down round feature for each prior reporting period presented in accordance with the guidance on accounting changes in paragraphs 250-10-45-5 through 45-10.</span></td></tr> </table> <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 amendments in Part II of this Update do not require any transition guidance because those amendments do not have an accounting effect.</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>
CY2022Q2 us-gaap Warrants And Rights Outstanding
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950000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2022Q2 TCE Working Capital Deficit
WorkingCapitalDeficit
9972907 usd
CY2021Q4 TCE Working Capital Deficit
WorkingCapitalDeficit
9844269 usd
TCE Offering Engaged To Investment Banker To Undertake
OfferingEngagedToInvestmentBankerToUndertake
15000000 usd
CY2022Q2 us-gaap Bank Acceptances Executed
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1200000 usd
CY2022Q2 us-gaap Unamortized Discounts On Acceptances Executed
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240000 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
6027 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
4179 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
8943 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
4512 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Investment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInvestment
1440 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
58153 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Dutiy And Taxes
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedDutiyAndTaxes
2688 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intellectual Property
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntellectualProperty
508669 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Trade Names
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradeNames
169556 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Payroll And Related Taxes
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedPayrollAndRelatedTaxes
104750 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Comprehensive Income
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedComprehensiveIncome
42735 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash Overdraft
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashOverdraft
2980 usd
CY2021Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Longterm Debt Related Parties
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongtermDebtRelatedParties
37776 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
10000 usd
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
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CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
43851 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
58692 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
272872 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
153186 usd
CY2022Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intellectual Property
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntellectualProperty
508669 usd
CY2022Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Trade Names
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTradeNames
169556 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
708833 usd
CY2022Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Payroll And Related Taxes
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedPayrollAndRelatedTaxes
104750 usd
CY2022Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accrued Dutiy And Taxes
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedDutiyAndTaxes
28213 usd
CY2022Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Comprehensive Income
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedComprehensiveIncome
42735 usd
CY2022Q1 TCE Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Longterm Debt Related Parties
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLongtermDebtRelatedParties
343118 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
236712 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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us-gaap Business Acquisitions Pro Forma Revenue
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1355350 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
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TCE Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
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CY2022Q2 us-gaap Cash
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2196 usd
CY2021Q4 us-gaap Cash
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CY2022Q2 us-gaap Due From Banks
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17301 usd
CY2021Q4 us-gaap Due From Banks
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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107674 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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114199 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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127171 usd
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170528 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
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CY2021Q2 us-gaap Cash Equivalents At Carrying Value
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0 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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585858 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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611381 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
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54107 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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34165 usd
us-gaap Depreciation
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9661 usd
us-gaap Depreciation
Depreciation
11615 usd
CY2022Q2 us-gaap Finite Lived Customer Relationships Gross
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448800 usd
CY2021Q4 us-gaap Finite Lived Customer Relationships Gross
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448800 usd
CY2022Q2 TCE Finite Lived Intellectual Property Gross
FiniteLivedIntellectualPropertyGross
508669 usd
CY2021Q4 TCE Finite Lived Intellectual Property Gross
FiniteLivedIntellectualPropertyGross
508669 usd
CY2022Q2 us-gaap Finite Lived Trade Names Gross
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209143 usd
CY2021Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
218799 usd
CY2022Q2 us-gaap Capitalized Computer Software Gross
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235804 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
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250095 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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251690 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
219397 usd
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1150726 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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1206966 usd
us-gaap Amortization Of Intangible Assets
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39842 usd
us-gaap Amortization Of Intangible Assets
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25404 usd
CY2022Q2 us-gaap Goodwill
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5863058 usd
CY2021Q4 us-gaap Goodwill
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5863058 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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1440000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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1440000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
227060 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
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785149 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
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1212940 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
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us-gaap Amortization Of Financing Costs And Discounts
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558089 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
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4350644 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
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3892463 usd
CY2022Q2 us-gaap Due To Related Parties Current
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4350644 usd
CY2021Q4 us-gaap Due To Related Parties Current
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3892463 usd
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
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12392 usd
CY2021Q1 us-gaap Debt Conversion Converted Instrument Shares Issued1
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5499 shares
us-gaap Interest Expense Related Party
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268998 usd
us-gaap Interest Expense Related Party
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158537 usd
CY2022Q2 us-gaap Long Term Debt
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475824 usd
CY2021Q4 us-gaap Long Term Debt
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255024 usd
CY2022Q2 us-gaap Other Long Term Debt Current
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4185 usd
CY2022Q2 us-gaap Long Term Debt Current
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345373 usd
CY2021Q4 us-gaap Long Term Debt Current
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218972 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
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126266 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
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36052 usd
CY2022Q2 TCE Debt Instrument Periodic Repayment
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25000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12 pure
CY2022Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-12-31
us-gaap Interest Expense Debt
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22859 usd
us-gaap Interest Expense Debt
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2539 usd
CY2022Q2 us-gaap Common Stock Shares Issued
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CY2022Q2 us-gaap Common Stock Shares Outstanding
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4485538 shares
CY2022Q2 TCE Fractional Adjustment Of Warrants Shares
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1370 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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179506 shares
us-gaap Adjustment Of Warrants Granted For Services
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143 usd
CY2022Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1,370 shares were added as a fractional adjustment when the reverse stock split occurred.
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y9M21D
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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331154 usd
CY2022Q1 us-gaap Operating Lease Liability
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331154 usd
CY2022Q2 TCE Unamortized Operating Lease Right Of Use Asset
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282778 usd
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q4 us-gaap Debt Conversion Converted Instrument Shares Issued1
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21250 shares
CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
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CY2021Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Interest Payable Current And Noncurrent
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CY2021Q1 us-gaap Stock Issued During Period Value Issued For Services
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436385 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P3Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0200 pure
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
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44554 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
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12500 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
342879 shares
us-gaap Allocated Share Based Compensation Expense
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36446 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
226807 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
212403 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
491250 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0416
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
491250 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0416
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
491250 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0416
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
491250 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.0416
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2011559 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2533975 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y3M21D
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
287696 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
177872 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1330492 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
287696 usd
us-gaap Payments For Rent
PaymentsForRent
16498 usd
us-gaap Payments For Rent
PaymentsForRent
15511 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
54536 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
54536 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
56990 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
61080 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
61080 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
229152 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
517374 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
229678 usd
CY2022Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1330492 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1152620 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1152620 usd
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="xdx_80C_eus-gaap--LossContingencyDisclosures_zWfiTql8SrJi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><b>nOTE 16: <span id="xdx_82E_zd3wYPmKwLBe">CONTINGENCY</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the year ended December 31, 2018, the Company charged an independent truck driver approximately $<span id="xdx_90D_eus-gaap--LossContingencyEstimateOfPossibleLoss_c20181231_pp0p0" title="Loss contingency pursuant to agreement with driver">190,000</span> pursuant to its agreement with the driver, which entitled the Company to fees equal to $<span id="xdx_909_eus-gaap--LossContingencyAccrualProvision_c20180101__20181231_pp0p0" title="Loss contingency, eligibility of company fees, per day">800</span> per day for the driver’s failure to return a trailer owned by the Company with the period prescribed by the agreement. The Company has not recognized this as income due to uncertainty of payment and will record as other income during the period in which amounts are collected.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2018Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
190000 usd
CY2018 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
800 usd

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