2023 Q1 Form 10-K Financial Statement

#000149315223009468 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $23.12K $8.580K $206.8K
YoY Change -72.76% -80.57% 41.66%
Cost Of Revenue $8.466K $46.00K $79.44K
YoY Change -46.89% 207.69% 86.74%
Gross Profit $14.66K -$37.42K $127.3K
YoY Change -78.75% -228.11% 23.12%
Gross Profit Margin 63.39% -436.13% 61.58%
Selling, General & Admin $391.8K $457.2K $1.766M
YoY Change 34.41% 36.05% 9.49%
% of Gross Profit 2673.13% 1387.08%
Research & Development $52.73K $264.0K $1.441M
YoY Change -82.66% -56.8% 81.33%
% of Gross Profit 359.74% 1131.83%
Depreciation & Amortization $2.720K $49.96K $10.95K
YoY Change -60.29% 450.22% -39.42%
% of Gross Profit 18.56% 8.6%
Operating Expenses $444.5K $721.2K $3.207M
YoY Change -25.37% -23.86% 33.2%
Operating Profit -$429.9K -$758.6K -$3.080M
YoY Change -18.38% -17.36% 33.66%
Interest Expense $121.8K -$70.40K $646.1K
YoY Change -264.1% -82.56% -198.44%
% of Operating Profit
Other Income/Expense, Net -$148.0K -$110.6K -$597.1K
YoY Change 99.42%
Pretax Income -$577.9K -$939.7K -$3.677M
YoY Change -3.83% -28.9% 24.2%
Income Tax $0.00 $800.00
% Of Pretax Income
Net Earnings -$577.9K -$939.7K -$3.678M
YoY Change -3.83% -28.95% 24.19%
Net Earnings / Revenue -2499.16% -10951.86% -1778.72%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 2.734B shares 2.608B shares 2.528B shares
Diluted Shares Outstanding 2.692B shares 2.528B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.53K $18.04K $18.04K
YoY Change -88.82% -80.82% -80.82%
Cash & Equivalents $18.53K $18.04K $18.04K
Short-Term Investments
Other Short-Term Assets $128.5K $223.4K $223.4K
YoY Change -81.64% -76.96% -76.96%
Inventory $35.69K $42.43K $42.43K
Prepaid Expenses $31.73K $62.66K
Receivables $17.73K $25.40K $25.40K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $200.5K $309.2K $309.2K
YoY Change -78.71% -72.39% -72.39%
LONG-TERM ASSETS
Property, Plant & Equipment $270.4K $273.1K $281.7K
YoY Change -13.01% -3.85% -11.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.935M $3.015M $11.66K
YoY Change 2900.18% 986.07% -92.15%
Total Long-Term Assets $3.349M $3.296M $3.296M
YoY Change -12.77% 453.28% 453.28%
TOTAL ASSETS
Total Short-Term Assets $200.5K $309.2K $309.2K
Total Long-Term Assets $3.349M $3.296M $3.296M
Total Assets $3.550M $3.606M $3.606M
YoY Change -25.75% 110.14% 110.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.9K $402.0K $409.2K
YoY Change 7.11% 2.02% 3.85%
Accrued Expenses $544.9K $531.8K $540.4K
YoY Change 5.97% 9.15% 5.43%
Deferred Revenue
YoY Change
Short-Term Debt $1.056M $1.054M $1.054M
YoY Change -1.68% 0.9% 0.9%
Long-Term Debt Due $4.640K $4.640K $4.640K
YoY Change 0.0% 14.0% 14.0%
Total Short-Term Liabilities $2.255M $2.210M $2.210M
YoY Change -8.32% -11.46% -11.46%
LONG-TERM LIABILITIES
Long-Term Debt $9.300K $10.51K $10.51K
YoY Change -33.05% -32.32% -32.32%
Other Long-Term Liabilities $120.1K $0.00 $0.00
YoY Change 5486.51% -100.0% -100.0%
Total Long-Term Liabilities $129.4K $10.51K $10.51K
YoY Change 706.8% -56.82% -56.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.255M $2.210M $2.210M
Total Long-Term Liabilities $129.4K $10.51K $10.51K
Total Liabilities $2.385M $2.221M $2.221M
YoY Change -3.69% -11.9% -11.9%
SHAREHOLDERS EQUITY
Retained Earnings -$18.25M -$17.67M
YoY Change 26.28%
Common Stock $2.749M $2.617M
YoY Change 13.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.165M $1.385M $1.385M
YoY Change
Total Liabilities & Shareholders Equity $3.550M $3.606M $3.606M
YoY Change -25.75% 110.14% 110.14%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$577.9K -$939.7K -$3.678M
YoY Change -3.83% -28.95% 24.19%
Depreciation, Depletion And Amortization $2.720K $49.96K $10.95K
YoY Change -60.29% 450.22% -39.42%
Cash From Operating Activities -$201.1K -$365.1K -$1.018M
YoY Change -6.42% 142.03% 41.64%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$200.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.950K $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $1.951K $200.0K
YoY Change -100.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $445.0K
YoY Change 55.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $199.6K 88.86K $943.1K
YoY Change -58.97% -51.34% 15.38%
NET CHANGE
Cash From Operating Activities -$201.1K -365.1K -$1.018M
Cash From Investing Activities $1.951K 200.0K
Cash From Financing Activities $199.6K 88.86K $943.1K
Net Change In Cash $491.00 -76.20K -$75.22K
YoY Change -99.31% -339.85% -52.42%
FREE CASH FLOW
Cash From Operating Activities -$201.1K -$365.1K -$1.018M
Capital Expenditures $0.00 -$200.0K
Free Cash Flow -$201.1K -$165.1K -$1.018M
YoY Change -6.42% 9.43% 122.17%

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<p id="xdx_80A_eus-gaap--NatureOfOperations_zHMMXb3Ty6i2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 – <span id="xdx_82D_zHl7RuiaS747">Organization and Business Description</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Therapeutic Solutions International, Inc. (“TSI” or the “Company”) was organized <span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_c20220101__20221231_zqhIZswywuqh" title="Entity incorporation date">August 6, 2007</span> under the name Friendly Auto Dealers, Inc., under the laws of the State of Nevada. In the first quarter of 2011 the Company changed its name from Friendly Auto Dealers, Inc. to Therapeutic Solutions International, Inc., and acquired Splint Decisions, Inc., a California corporation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Business Description</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currently, the Company is focused on immune modulation for the treatment of several specific diseases. Immune modulation refers to the ability to upregulate (make more active) or downregulate (make less active) one’s immune system.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Activating one’s immune system is now an accepted method to treat certain cancers, reduce recovery time from viral or bacterial infections and to prevent illness. Additionally, inhibiting one’s immune system is vital for reducing inflammation, autoimmune disorders and allergic reactions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">TSOI is developing a range of immune-modulatory agents to target certain cancers, schizophrenia, suicidal ideation, traumatic brain injury, lung pathologies, and for daily health.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Cellular Division</b> – TSOI obtained exclusive rights to a patented adult stem cell for development of therapeutics in the area of chronic traumatic encephalopathy (CTE) and traumatic brain injury (TBI) and Lung Pathology (LP).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The stem cell licensed, termed “JadiCell” is unique in that it possesses features of mesenchymal stem cells, however, outperforms these cells in terms of a) enhanced growth factor production; b) augmented ability to secrete exosomes; and c) superior angiogenic and neurogenic ability.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chronic Traumatic Encephalopathy (CTE) is caused by repetitive concussive/sub-concussive hits to the head sustained over a period of years and is often found in football players. The condition is characterized by memory loss, impulsive/erratic behavior, impaired judgment, aggression, depression, and dementia. In many patients with CTE, it is anatomically characterized by brain atrophy, reduced mass of frontal and temporal cortices, and medial temporal lobe. TSOI has previously filed several patents in the area of CTE based on modulating the brain microenvironment to enhance receptivity of regenerative cells such as stem cells. On March 4, 2021 the Company received an IND Serial # 27377 for a clinical trial of 10 patients with CTE.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On Augus<sup>t </sup>4th, 2021, the Company announced clearance from the Food and Drug Administration (FDA) to initiate a Phase III pivotal trial for registration of the Company’s JadiCell™ universal donor stem cell as a treatment for COVID-19 associated lung failure under IND # 19757. In previous studies the Company has demonstrated the superior activity of JadiCell™ to other types of stem cells including bone marrow, adipose, cord blood, and placenta. Furthermore, <span id="xdx_900_eus-gaap--UnusualOrInfrequentItemNatureOfEventOrTransaction_c20210803__20210804_zAUCUWek9SM7" title="Unusual or infrequent item, description">the JadiCell™ was shown to be 100% effective in saving the lives of COVID-19 patients under the age of 85 in a double-blind placebo controlled clinical trial with patients in the ICU on a ventilator. In patients over the age of 85 the survival rate was 91%.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition, the Company has filed data with the FDA, as part of IND #17448, which demonstrated that treatment of cancer patients with StemVacs™ resulted in enhanced activity of a type of immunological cell called “natural killer” cells, otherwise known as “NK cells.”</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has also developed an allogenic version of StemVacs and has filed patents to cover activating universal donor immune system cells called dendritic cells in a manner so that upon injection they reprogram the body’s NK cells.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Most recently the Company announced filing of a patent for a new hybrid cell created by the Company capable of training the immune system to kill blood vessels feeding cancer, but sparing healthy blood vessels. These discoveries are an extension of previous findings from the Company showing that StemVacs is capable of suppressing new blood vessel production.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 9, 2022, the Company filed an Investigational New Drug Application for Treatment of Chronic Obstructive Pulmonary Disease (COPD) Using JadiCell™ Universal Donor Adult Stem Cells under IND Serial # 28508.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>THERAPEUTIC SOLUTIONS INTERNATIONAL, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Consolidated Notes to Financial Statements</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management does not expect existing cash as of December 31, 2022 or as of March 31, 2023 to be sufficient to fund the Company’s operations for at least twelve months from the issuance date of these financial statements. These financial statements have been prepared on a going concern basis which assumes the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of December 31, 2022, the Company has incurred losses totaling $<span id="xdx_905_eus-gaap--ProfitLoss_pn5n6_c20220101__20221231_zTGm8Oxg81Kh" title="Net loss">17.3</span> million since inception, has not yet generated material revenue from operations, and will require additional funds to maintain its operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern within one year after the consolidated financial statements are issued. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company intends to finance operating costs over the next twelve months through its existing financial resources and we may also raise additional capital through equity offerings, debt financings, collaborations and/or licensing arrangements. If adequate funds are not available on acceptable terms, we may be required to delay, reduce the scope of, or curtail, our operations. The accompanying consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2007-08-06
CY2021Q3 us-gaap Unusual Or Infrequent Item Nature Of Event Or Transaction
UnusualOrInfrequentItemNatureOfEventOrTransaction
the JadiCell™ was shown to be 100% effective in saving the lives of COVID-19 patients under the age of 85 in a double-blind placebo controlled clinical trial with patients in the ICU on a ventilator. In patients over the age of 85 the survival rate was 91%.
CY2022 us-gaap Profit Loss
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CY2022 TSOI Wholesale Purchase Price And Payments Description
WholesalePurchasePriceAndPaymentsDescription
Seller agrees to sell the Goods to Buyer for Fifty Percent (50%) off Sellers listed retail price (see Exhibit A). Seller will provide an invoice to Buyer at the time of delivery. All invoices must be paid, in full, within thirty (30) days. Any balances not paid within thirty (30) days will be subject to a five percent (5%) late payment penalty. In the event Buyer exceeds the aggregate of $500,000.00 worth of aforementioned products having been purchased, delivered, and paid for, Buyer will be entitled to an additional Five Percent (5%) discount up to the aggregate of $750,000.00. In the event Buyer exceeds the aggregate of $750,000.00 worth of aforementioned products having been purchased, delivered, and paid for, Buyer will be entitled to an additional Five Percent (5%) discount up to the aggregate of $1,500,000.00. All future sales after initial $1,500,000 in aggregate purchases will be sold at 60% off retail.
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202144 usd
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<p id="xdx_847_eus-gaap--UseOfEstimates_zOZYgg1gZZTj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zNo3hEJbYQF3">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimates were made relating to valuation allowances, impairment of assets, share-based compensation expense and accruals. Actual results could differ materially from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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PrepaidExpenseAndOtherAssetsCurrent
959307 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
4132 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
0 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1441128 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
794750 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8612 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8612 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10000 usd
CY2022 TSOI Annual Interest Rate
AnnualInterestRate
0.006 pure
CY2022 us-gaap Restricted Cash Current Nature Of Restriction Description
RestrictedCashCurrentNatureOfRestrictionDescription
This certificate matures on June 17, 2023, and is used as collateral for a Company credit card, pursuant to a security agreement dated June 20, 2011.
CY2022Q4 TSOI Prepaid Consulting Current
PrepaidConsultingCurrent
148550 usd
CY2021Q4 TSOI Prepaid Consulting Current
PrepaidConsultingCurrent
930893 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1141 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
987 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
62661 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
301359 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
301159 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28281 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17135 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
273078 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
284024 usd
CY2022 us-gaap Depreciation
Depreciation
10946 usd
CY2021 us-gaap Depreciation
Depreciation
6772 usd
CY2022Q4 TSOI Prepaid Consulting Noncurrent
PrepaidConsultingNoncurrent
7537 usd
CY2021Q4 TSOI Prepaid Consulting Noncurrent
PrepaidConsultingNoncurrent
108673 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
4123 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
39823 usd
CY2022Q4 TSOI Licenses Noncurrent
LicensesNoncurrent
3002960 usd
CY2021Q4 TSOI Licenses Noncurrent
LicensesNoncurrent
129075 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3014620 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
277571 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3261122 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
153552 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
258162 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24477 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3002960 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
129075 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
233685 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24477 usd
CY2022Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
988672 usd
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
965211 usd
CY2022Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
988672 usd
CY2021Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
965211 usd
CY2022 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.005 pure
CY2022Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
97 usd
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
101 usd
CY2022 TSOI Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax And State And Local Income Taxes Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxAndStateAndLocalIncomeTaxesRate
0.30 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-709666 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-621735 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-101347 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
168 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
405376 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
404872 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-71992 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-406437 usd
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P36M
CY2022 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2023-04-30
CY2022 us-gaap Payments For Rent
PaymentsForRent
25044 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
22768 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022Q4 us-gaap Area Of Land
AreaOfLand
1700 sqft
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-289487 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2364249 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1957812 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2364249 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1957812 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
9400000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
7500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
7400000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
5500000 usd
CY2022 TSOI Net Operating Loss Carryforwards Are Available To Offset Taxable Income
NetOperatingLossCarryforwardsAreAvailableToOffsetTaxableIncome
5000000 usd
CY2022 TSOI Net Operating Loss Carryforwards Expiration Description
NetOperatingLossCarryforwardsExpirationDescription
expires beginning in fiscal 2032
CY2022Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
3505000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2617390830 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2 shares
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8612 usd

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