2023 Q4 Form 10-K Financial Statement
#000147793223007616 Filed on October 13, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q2 | 2023 |
---|---|---|---|
Revenue | -$276.00 | $31.94K | |
YoY Change | |||
Cost Of Revenue | $0.00 | ||
YoY Change | |||
Gross Profit | $0.00 | ||
YoY Change | |||
Gross Profit Margin | 0.0% | ||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $56.06K | $285.9K | |
YoY Change | 51.75% | -10.24% | |
Operating Profit | -$56.34K | -$254.0K | |
YoY Change | 52.5% | -20.27% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Pretax Income | -$254.0K | ||
YoY Change | -5.42% | ||
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$56.34K | -$61.33K | $254.0K |
YoY Change | 52.5% | -5.42% | |
Net Earnings / Revenue | 795.34% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 2.096B shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 Q2 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $2.396K | $1.430K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $58.33K | $46.48K | |
Prepaid Expenses | |||
Receivables | $50.00K | $50.00K | |
Other Receivables | |||
Total Short-Term Assets | $113.1K | $97.91K | |
YoY Change | 124.83% | 94.61% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $817.00 | $815.00 | |
YoY Change | -2.27% | -2.51% | |
Total Long-Term Assets | $817.00 | $815.00 | |
YoY Change | -2.27% | -2.51% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $113.1K | $97.91K | |
Total Long-Term Assets | $817.00 | $815.00 | |
Total Assets | $113.9K | $98.73K | |
YoY Change | 122.75% | 93.02% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $39.52K | $62.48K | |
YoY Change | -88.85% | -82.38% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.625M | $1.711M | |
YoY Change | -27.84% | -17.96% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | ||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.625M | $1.711M | |
Total Long-Term Liabilities | $0.00 | ||
Total Liabilities | $1.388M | ||
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.894M | -$2.802M | |
YoY Change | -15.91% | -14.53% | |
Common Stock | $209.6K | $209.6K | |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.512M | -$1.612M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $113.9K | $98.73K | |
YoY Change | 122.75% | 93.02% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q2 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$56.34K | -$61.33K | $254.0K |
YoY Change | 52.5% | -5.42% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$212.2K | ||
YoY Change | -33.38% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
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 | $262.2K | ||
YoY Change | -22.17% | ||
NET CHANGE | |||
Cash From Operating Activities | -$212.2K | ||
Cash From Investing Activities | $0.00 | ||
Cash From Financing Activities | $262.2K | ||
Net Change In Cash | $0.00 | ||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$212.2K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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ForeignCurrencyTranslationtabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30, 2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30, 2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Period end: GBP to USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.270841</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;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.210000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Average period: GBP to USD exchange rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">N/A</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;">1.300000</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> | |
CY2023Q2 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
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1.270841 | pure |
CY2022Q2 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
1.210000 | pure |
CY2022Q2 | us-gaap |
Derivative Average Forward Exchange Rate1
DerivativeAverageForwardExchangeRate1
|
1.300000 | pure |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of CFS in conformity with U.S. 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 CFS and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</p> | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.50 | pure |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
54481 | usd |
CY2023Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
31000 | usd |
CY2022Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
31000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
159170 | usd |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
70916 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
190170 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
101916 | usd |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
5000000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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0.0001 | |
CY2023 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
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Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote | |
CY2023Q2 | token |
Amount Due To Related Parties Current And Noncurrent
AmountDueToRelatedPartiesCurrentAndNoncurrent
|
1520885 | usd |
CY2022Q2 | token |
Amount Due To Related Parties Current And Noncurrent
AmountDueToRelatedPartiesCurrentAndNoncurrent
|
1258676 | usd |