2022 Q4 Form 10-K Financial Statement
#000147793222007727 Filed on October 17, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q2 | 2022 |
---|---|---|---|
Revenue | $11.96K | $35.60K | $61.91K |
YoY Change | |||
Cost Of Revenue | $40.15K | $2.300K | $41.95K |
YoY Change | |||
Gross Profit | -$28.15K | $33.30K | -$19.96K |
YoY Change | |||
Gross Profit Margin | -235.43% | 93.54% | -32.24% |
Selling, General & Admin | $154.6K | $1.073M | $1.296M |
YoY Change | -81.61% | 2231.94% | 671.92% |
% of Gross Profit | 3223.39% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $19.19K | $23.87K | $23.87K |
YoY Change | |||
% of Gross Profit | 71.68% | ||
Operating Expenses | $154.6K | $302.5K | $1.296M |
YoY Change | -81.61% | 557.27% | 177.04% |
Operating Profit | -$182.8K | -$269.2K | -$1.276M |
YoY Change | -78.26% | 172.77% | |
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$182.8K | -$287.0K | -$1.294M |
YoY Change | -78.26% | 523.55% | 176.57% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$182.8K | -$287.0K | -$1.294M |
YoY Change | -78.26% | 523.63% | 176.57% |
Net Earnings / Revenue | -1528.79% | -806.24% | -2090.59% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.01 | -$16.35K | -$79.51K |
COMMON SHARES | |||
Basic Shares Outstanding | 19.57M shares | 16.17M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 Q2 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $25.31K | $9.320K | $9.320K |
YoY Change | 1761.03% | ||
Cash & Equivalents | $25.31K | $104.00 | |
Short-Term Investments | $9.210K | $9.210K | |
Other Short-Term Assets | $76.11K | $47.83K | $47.83K |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $76.11K | $47.83K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $101.4K | $57.15K | $57.15K |
YoY Change | 7356.76% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $477.2K | $421.6K | $421.6K |
YoY Change | 33.89% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $3.120K | $10.57K | $10.57K |
YoY Change | |||
Other Assets | $228.3K | $408.8K | $408.8K |
YoY Change | |||
Total Long-Term Assets | $708.6K | $841.0K | $841.0K |
YoY Change | 98.83% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $101.4K | $57.15K | $57.15K |
Total Long-Term Assets | $708.6K | $841.0K | $841.0K |
Total Assets | $810.0K | $898.2K | $898.2K |
YoY Change | 126.42% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $28.55K | $18.95K | $18.95K |
YoY Change | 24.29% | 1591.96% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $274.5K | $139.0K | $139.0K |
YoY Change | 1094.78% | 201.26% | 201.28% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $274.5K | $139.0K | $139.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $274.5K | $139.0K | $139.0K |
YoY Change | 1094.78% | 201.26% | 201.28% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.168M | -$4.161M | |
YoY Change | 36.69% | 45.15% | |
Common Stock | $1.984K | $19.57K | |
YoY Change | -87.73% | 33.44% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $535.6K | $759.2K | $759.2K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $810.0K | $898.2K | $898.2K |
YoY Change | 126.42% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q2 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$182.8K | -$287.0K | -$1.294M |
YoY Change | -78.26% | 523.63% | 176.57% |
Depreciation, Depletion And Amortization | $19.19K | $23.87K | $23.87K |
YoY Change | |||
Cash From Operating Activities | -$74.70K | -$130.0K | -$233.3K |
YoY Change | 2294.23% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$7.960K | $445.5K |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | -$7.960K | -$445.5K |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 100.0K | 118.0K | $678.9K |
YoY Change | -72.29% | ||
NET CHANGE | |||
Cash From Operating Activities | -74.70K | -130.0K | -$233.3K |
Cash From Investing Activities | 0.000 | -7.960K | -$445.5K |
Cash From Financing Activities | 100.0K | 118.0K | $678.9K |
Net Change In Cash | 25.30K | -19.93K | $104.00 |
YoY Change | 1760.29% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$74.70K | -$130.0K | -$233.3K |
Capital Expenditures | $0.00 | -$7.960K | $445.5K |
Free Cash Flow | -$74.70K | -$122.1K | -$678.8K |
YoY Change | -121.14% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
350000000 | shares |
CY2021Q3 | trxa |
Unpaid Advisory Compensation
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|
75000 | usd |
CY2022 | dei |
Document Type
DocumentType
|
10-K | |
CY2022 | dei |
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true | |
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Document Period End Date
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2022-06-30 | |
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false | |
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333-266766 | |
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0001437750 | |
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false | |
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--06-30 | |
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FY | |
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2022 | |
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0.001 | |
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350000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
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19573952 | shares |
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Common Stock Shares Outstanding
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CY2022Q2 | trxa |
Common Stock Shares
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|
2657009 | shares |
CY2022 | dei |
Entity Registrant Name
EntityRegistrantName
|
T-REX Acquisition Corp. | |
CY2022 | dei |
Entity Incorporation State Country Code
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NV | |
CY2022 | dei |
Entity Tax Identification Number
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26-1754034 | |
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7301 NW 4th Street | |
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Suite 102 | |
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Plantation | |
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FL | |
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33317 | |
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954 | |
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742-3001 | |
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No | |
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Entity Current Reporting Status
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Auditor Firm
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5525 | |
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Auditor Name
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Fruci & Associates II, PLLC | |
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Auditor Location
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Spokane, Washington | |
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CY2022 | trxa |
Shares Issued And Recorded Prepaid Expense
SharesIssuedAndRecordedPrepaidExpense
|
600138 | usd |
CY2021 | trxa |
Shares Issued And Recorded Prepaid Expense
SharesIssuedAndRecordedPrepaidExpense
|
0 | usd |
CY2021 | us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
0 | usd |
CY2022 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
1 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.21 | pure |
CY2021Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
873759 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0.5in; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles 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 period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.</p> | |
CY2022 | us-gaap |
Assets Fair Value Adjustment
AssetsFairValueAdjustment
|
9211 | usd |
CY2022 | us-gaap |
Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
|
23867 | usd |
CY2022 | trxa |
Revenue From Cryptocurrency Mining Operations
RevenueFromCryptocurrencyMiningOperations
|
61906 | usd |
CY2021 | trxa |
Revenue From Cryptocurrency Mining Operations
RevenueFromCryptocurrencyMiningOperations
|
0 | usd |
CY2021Q2 | trxa |
Operating Loss Carryforward
OperatingLossCarryforward
|
-4160757 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
873759 | usd |
CY2022Q2 | trxa |
Deferred Tax Asset
DeferredTaxAsset
|
873759 | usd |
CY2021Q2 | trxa |
Deferred Tax Asset
DeferredTaxAsset
|
601977 | usd |
CY2022Q2 | trxa |
Valuation Allowance
ValuationAllowance
|
873759 | usd |
CY2021Q2 | trxa |
Valuation Allowance
ValuationAllowance
|
601977 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2021Q2 | trxa |
Shares Issued Upon Conversion Of Warrant Shares
SharesIssuedUponConversionOfWarrantShares
|
3685333 | shares |
CY2022Q2 | trxa |
Retained Earnings Accumulated Deficit1
RetainedEarningsAccumulatedDeficit1
|
-4160757 | usd |
CY2022Q2 | trxa |
Working Capital Deficit
WorkingCapitalDeficit
|
-81805 | usd |
CY2021Q3 | trxa |
Conversion Of Stock Shares
ConversionOfStockShares
|
450000 | shares |
CY2022 | trxa |
Shares Issued For Related Party Payables Conversion Shares
SharesIssuedForRelatedPartyPayablesConversionShares
|
1182009 | shares |
CY2022 | trxa |
Shares Issued For Related Party Payables Conversion Amount
SharesIssuedForRelatedPartyPayablesConversionAmount
|
118050 | usd |
CY2022Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
120000 | usd |
CY2021Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
450000 | shares |
CY2021Q3 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
45000 | usd |
CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
250000 | shares |
CY2014Q2 | trxa |
Exercise Price
ExercisePrice
|
0.80 | |
CY2014Q2 | trxa |
Description Of Warrants Exercise
DescriptionOfWarrantsExercise
|
Each Unit shall consist of (a) one (1) share of common stock and (b) a combination of series A warrants (which may be exercised within three (3) years) and series B warrants exercised within five (5) years of the consummation | |
us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
250000 | shares | |
trxa |
Exercise Price
ExercisePrice
|
1.50 |