2023 Q1 Form 10-Q Financial Statement
#000147793223001166 Filed on February 21, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
Revenue | $30.59K | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $59.64K | $36.94K | $32.47K |
YoY Change | 26.51% | 13.78% | |
Operating Profit | -$29.05K | -$36.94K | -$32.47K |
YoY Change | -38.38% | 13.78% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $7.029K | $0.00 | |
YoY Change | -31.32% | ||
Pretax Income | -$29.05K | ||
YoY Change | -38.38% | ||
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$27.09K | -$36.94K | -$32.47K |
YoY Change | -42.55% | 13.78% | |
Net Earnings / Revenue | -88.54% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 2.096B shares | 2.096B shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $412.00 | $312.00 | $312.00 |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $50.00K | ||
Other Receivables | |||
Total Short-Term Assets | $50.41K | $50.31K | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $836.00 | $836.00 | |
YoY Change | |||
Total Long-Term Assets | $836.00 | $836.00 | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $50.41K | $50.31K | |
Total Long-Term Assets | $836.00 | $836.00 | |
Total Assets | $51.25K | $51.15K | |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $472.5K | ||
YoY Change | |||
Accrued Expenses | $354.5K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.495M | $2.253M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.495M | $2.253M | |
Total Long-Term Liabilities | |||
Total Liabilities | |||
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.735M | -$3.442M | |
YoY Change | |||
Common Stock | $209.6K | $209.6K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.444M | -$2.202M | -$1.931M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $51.25K | $51.15K | |
YoY Change |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$27.09K | -$36.94K | -$32.47K |
YoY Change | -42.55% | 13.78% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | |||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | |||
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | |||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | |||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Profit Loss
ProfitLoss
|
-160391 | usd | |
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001683252 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2095872947 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2095872947 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2095872947 | shares |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-12-31 | ||
dei |
Entity File Number
EntityFileNumber
|
000-55688 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Token Communities Ltd. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
81-3709511 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
4802 Lena Road | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Unit 105 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Bradenton | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
FL | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
34211 | ||
dei |
City Area Code
CityAreaCode
|
631 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
397-1111 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
CY2023Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
2095671162 | shares |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
312 | usd |
CY2022Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
312 | usd |
CY2022Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
50000 | usd |
CY2022Q2 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
50000 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
50312 | usd |
CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
50312 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
836 | usd |
CY2022Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
836 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
51148 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
51148 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
472488 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
472488 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
354542 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
354542 | usd |
CY2022Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1425676 | usd |
CY2022Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1258676 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2252706 | usd |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2085706 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2095872947 | shares |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
209587 | usd |
CY2022Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
209587 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1039610 | usd |
CY2022Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1039610 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-8977 | usd |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5603 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3441778 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3278152 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2201558 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2034558 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
51148 | usd |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
51148 | usd |
CY2022Q4 | us-gaap |
Revenues
Revenues
|
0 | usd |
CY2021Q4 | us-gaap |
Revenues
Revenues
|
0 | usd |
us-gaap |
Revenues
Revenues
|
0 | usd | |
us-gaap |
Revenues
Revenues
|
0 | usd | |
CY2022Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36943 | usd |
CY2021Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
32469 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
163626 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
160391 | usd | |
CY2022Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
36943 | usd |
CY2021Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
32469 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
163626 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
160391 | usd | |
CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-36943 | usd |
CY2021Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-32469 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-163626 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-160391 | usd | |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2022Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-36943 | usd |
CY2021Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-32469 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-163626 | usd | |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3345 | usd |
CY2021Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8750 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3374 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-16491 | usd | |
CY2022Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-40288 | usd |
CY2021Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-41219 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-167000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-176882 | usd | |
CY2022Q4 | f10q0922 |
Net Income Loss Per Share Basic And Diluted
NetIncomeLossPerShareBasicAndDiluted
|
0.00 | |
CY2021Q4 | f10q0922 |
Net Income Loss Per Share Basic And Diluted
NetIncomeLossPerShareBasicAndDiluted
|
0.00 | |
f10q0922 |
Net Income Loss Per Share Basic And Diluted
NetIncomeLossPerShareBasicAndDiluted
|
0.00 | ||
f10q0922 |
Net Income Loss Per Share Basic And Diluted
NetIncomeLossPerShareBasicAndDiluted
|
0.00 | ||
CY2022Q4 | f10q0922 |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
2095671162 | shares |
CY2021Q4 | f10q0922 |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
2095671162 | shares |
f10q0922 |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
2095671162 | shares | |
f10q0922 |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
2095671162 | shares | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1753869 | usd |
f10q0922 |
Foreign Currency Translation Gain Amount
ForeignCurrencyTranslationGainAmount
|
-16491 | usd | |
f10q0922 |
Net Income For The Period Amount
NetIncomeForThePeriodAmount
|
-160391 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1930750 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2034558 | usd |
f10q0922 |
Foreign Currency Translation Gain Amount
ForeignCurrencyTranslationGainAmount
|
-3374 | usd | |
f10q0922 |
Net Income For The Period Amount
NetIncomeForThePeriodAmount
|
-163626 | usd | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2201558 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
163626 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
160391 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-163626 | usd | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | usd | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
167000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
167000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
176882 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-3374 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-16491 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
0 | usd | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
312 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
312 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
312 | usd |
CY2018Q1 | f10q0922 |
Equity Method Investments Ownership Percentage
EquityMethodInvestmentsOwnershipPercentage
|
1 | pure |
f10q0922 |
Number Of Shares Outstanding Prior To Merger
NumberOfSharesOutstandingPriorToMerger
|
116466000 | shares | |
CY2022Q4 | f10q0922 |
Surrender Stockholder Shares
SurrenderStockholderShares
|
19266000 | shares |
CY2020Q3 | f10q0922 |
Stock Cancelled During Period Shares Acquisitions
StockCancelledDuringPeriodSharesAcquisitions
|
174540600 | shares |
f10q0922 |
Foreign Currency Translationtabletextblock
ForeignCurrencyTranslationtabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong><strong>2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, 2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Period end: GBP to USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.12</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.37</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Average period: GBP to USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.17</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.31</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | ||
CY2022Q4 | f10q0922 |
Accrued Director Fees
AccruedDirectorFees
|
236582 | usd |
CY2022Q2 | f10q0922 |
Accrued Director Fees
AccruedDirectorFees
|
236582 | usd |
CY2019Q3 | f10q0922 |
Stock Issued During Period Shares Acquisition
StockIssuedDuringPeriodSharesAcquisition
|
80000000 | shares |
CY2020Q2 | us-gaap |
Shares Issued
SharesIssued
|
277200 | shares |
CY2020Q2 | us-gaap |
Stock Issued1
StockIssued1
|
268942 | usd |
CY2020Q3 | f10q0922 |
Stock Issued During Period Shares Acquisition
StockIssuedDuringPeriodSharesAcquisition
|
1745000585 | shares |
CY2020Q3 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
174500 | usd |
CY2020Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
595162 | shares |
CY2020Q3 | f10q0922 |
Common Stock For Services Value
CommonStockForServicesValue
|
595162 | usd |
CY2018Q3 | f10q0922 |
Agreement To Purchase Percentage
AgreementToPurchasePercentage
|
0.75 | pure |
CY2019Q2 | f10q0922 |
Acquisition And Exchange Agreement Description
AcquisitionAndExchangeAgreementDescription
|
the Company executed an Acquisition and Exchange Agreement with Lalit Kumar Verma and Manickam Mahalingam, who together control 100% of the common shares of ABT Auto Investments Ltd., a private English company. Pursuant to the Agreement, Messrs. Verma and Mahalingam were to exchange 96,001 shares, representing 100% of the common shares of ABT Auto Investments Ltd for a total of 3,530,000,000 new issue treasury shares issued by the Company, representing 95% ownership of the Company. On June 20, 2019, the Company executed a Mutual Rescission and Release Agreement, mutually rescinding the Acquisition and Exchange Agreement with Fortress Ventures LLC represented by Lalit Kumar Verma and with ABT Investments India Pvt Ltd represented by Manickam Mahalingam. The Mutual Rescission and Release agreement executed and became effective as of June 20, 2019. As a consequence of its execution and the rescinding of the Share Exchange and Acquisition Agreement, the Company will not issue the 3,530,000,000 shares of common stock. |