$VMNT
Vemanti Group, Inc.

2023 Q1 Form 10-K Financial Statement

#000147793223001945 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $30.32K $29.85K $138.7K
YoY Change -19.36% -19.13% -6.23%
Cost Of Revenue $5.531K $5.760K $23.16K
YoY Change 0.2% -3.84% 4.13%
Gross Profit $24.79K $24.09K $115.6K
YoY Change -22.72% -22.09% -8.06%
Gross Profit Margin 81.76% 80.7% 83.31%
Selling, General & Admin $372.3K $274.1K $1.137M
YoY Change 13.18% -51.39% -34.74%
% of Gross Profit 1501.75% 1137.9% 983.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $8.110K $632.00
YoY Change -100.0% 4405.56% -14.71%
% of Gross Profit 0.0% 33.67% 0.55%
Operating Expenses $380.3K $290.2K $1.153M
YoY Change 15.62% -48.54% -33.82%
Operating Profit -$355.5K -$266.1K -$1.037M
YoY Change 19.76% -50.07% -35.82%
Interest Expense $30.00 $0.00
YoY Change -100.77% -100.0%
% of Operating Profit
Other Income/Expense, Net $478.00 $6.460K -$30.00
YoY Change 9.63% -98.29%
Pretax Income -$355.1K -$259.4K -$1.037M
YoY Change 19.78% -51.33% -36.11%
Income Tax $0.00 $920.00 -$919.00
% Of Pretax Income
Net Earnings -$355.1K -$260.3K -$1.038M
YoY Change 19.78% -51.17% -36.11%
Net Earnings / Revenue -1170.98% -872.06% -748.37%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share -$0.01 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 70.52M shares 69.35M shares
Diluted Shares Outstanding 70.47M shares 70.37M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.2K $257.5K $257.5K
YoY Change -63.35% -14.74% -14.74%
Cash & Equivalents $198.2K $257.5K
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $151.3K $242.3K $242.3K
YoY Change
Inventory
Prepaid Expenses $151.3K $242.3K
Receivables $2.653K $889.00 $890.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $352.1K $500.7K $500.7K
YoY Change -37.94% 51.0% 51.0%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00
YoY Change -100.0% -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $297.4K $305.5K $305.5K
YoY Change 0.19% 2.84% 2.84%
TOTAL ASSETS
Total Short-Term Assets $352.1K $500.7K $500.7K
Total Long-Term Assets $297.4K $305.5K $305.5K
Total Assets $649.6K $806.2K $806.2K
YoY Change -24.84% 28.24% 28.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.73K $6.262K $6.260K
YoY Change 191.91% 39.09% 39.11%
Accrued Expenses $223.0K $191.5K $192.7K
YoY Change -20.32% -55.19% -54.9%
Deferred Revenue
YoY Change
Short-Term Debt $125.0K $125.0K $125.0K
YoY Change 0.0% 0.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $430.2K $324.0K $324.0K
YoY Change 3.67% -41.81% -41.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $430.2K $324.0K $324.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $430.2K $324.0K $324.0K
YoY Change 3.67% -41.81% -41.81%
SHAREHOLDERS EQUITY
Retained Earnings -$4.677M -$4.322M
YoY Change 30.63% 31.61%
Common Stock $7.051K $7.035K
YoY Change -1.4% -0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $219.4K $482.2K $482.2K
YoY Change
Total Liabilities & Shareholders Equity $649.6K $806.2K $806.2K
YoY Change -24.84% 28.24% 28.24%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$355.1K -$260.3K -$1.038M
YoY Change 19.78% -51.17% -36.11%
Depreciation, Depletion And Amortization $0.00 $8.110K $632.00
YoY Change -100.0% 4405.56% -14.71%
Cash From Operating Activities -$59.28K -$60.97K -$381.8K
YoY Change -39.91% -53.77% -20.05%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.890K
YoY Change
Cash From Investing Activities $0.00 $5.886K
YoY Change -158.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $337.5K
YoY Change -18.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 $337.5K
YoY Change -100.0% -37.5%
NET CHANGE
Cash From Operating Activities -$59.28K -60.97K -$381.8K
Cash From Investing Activities 0.000 $5.886K
Cash From Financing Activities 0.000 0.000 $337.5K
Net Change In Cash -$59.28K -60.97K -$38.43K
YoY Change -124.82% -53.77% -161.54%
FREE CASH FLOW
Cash From Operating Activities -$59.28K -$60.97K -$381.8K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
243494 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257512 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295937 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
919 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1650 usd
CY2022 vnmt Accrued Stock Based Compensation
AccruedStockBasedCompensation
234516 usd
CY2021 vnmt Accrued Stock Based Compensation
AccruedStockBasedCompensation
427293 usd
CY2022 vnmt Exchange Of Due From Fvndit For Intangible Assets
ExchangeOfDueFromFvnditForIntangibleAssets
25142 usd
CY2021 vnmt Exchange Of Due From Fvndit For Intangible Assets
ExchangeOfDueFromFvnditForIntangibleAssets
0 usd
CY2022 vnmt Receipt Of Intangible Assets For Assets
ReceiptOfIntangibleAssetsForAssets
321547 usd
CY2021 vnmt Receipt Of Intangible Assets For Assets
ReceiptOfIntangibleAssetsForAssets
0 usd
CY2022 vnmt Exchange Of Other Assets For Intangible Assets
ExchangeOfOtherAssetsForIntangibleAssets
296405 usd
CY2021 vnmt Exchange Of Other Assets For Intangible Assets
ExchangeOfOtherAssetsForIntangibleAssets
0 usd
CY2014Q2 vnmt Membership Interest
MembershipInterest
1 pure
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
40000000 shares
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1038221 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1625124 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-381811 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-477557 usd
CY2022Q4 vnmt Working Capital
WorkingCapital
176726 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
482195 usd
CY2022 us-gaap Reclassifications
Reclassifications
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain amounts reported in the prior year condensed consolidated financial statements have been reclassified to conform to the current year’s presentation.</p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates made by management include, among others, allowances for doubtful accounts, valuation allowance for deferred income taxes and recoverability of other assets and intangible assets. Actual results could differ from those estimates. It is possible that changes in accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.</p>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0.35pt; text-align:justify;">Four of the Company’s customers account for more than 52% and 49% of total revenue for the years ended December 31, 2022, and 2021, respectively. The total accounts receivable balance for these four customers amounted to $0 as of December 31, 2022, and approximately $2,700 as of December 31, 2021.</p>
CY2022 vnmt Customer Concentration
CustomerConcentration
0.52 pure
CY2021 vnmt Customer Concentration
CustomerConcentration
0.49 pure
CY2022Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
ContractWithCustomerReceivableAllowanceForCreditLoss
0 usd
CY2021Q4 us-gaap Contract With Customer Receivable Allowance For Credit Loss
ContractWithCustomerReceivableAllowanceForCreditLoss
2700 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
49268 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
49268 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49268 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
48636 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
0 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
632 usd
CY2022 us-gaap Depreciation
Depreciation
632 usd
CY2021 us-gaap Depreciation
Depreciation
741 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
40000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
70351709 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
70404086 shares
CY2022 vnmt Stock Issued During Period Shares For Cash
StockIssuedDuringPeriodSharesForCash
631530 shares
CY2022 vnmt Stock Issued During Period Value For Cash
StockIssuedDuringPeriodValueForCash
337500 usd
CY2022 vnmt Stock Issued For Professional Services Shares
StockIssuedForProfessionalServicesShares
2406093 shares
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1111073 usd
CY2022Q3 vnmt Consulting Shares
ConsultingShares
3090000 shares
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
16078 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
160774 usd
CY2022Q4 vnmt Federal Statutory Rates
FederalStatutoryRates
-217833 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2021Q4 vnmt Federal Statutory Rates
FederalStatutoryRates
-340930 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2022Q4 vnmt Effective Rate Income Tax
EffectiveRateIncomeTax
918 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0880 pure
CY2021Q4 vnmt Effective Rate Income Tax
EffectiveRateIncomeTax
1650 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0880 pure
CY2022Q4 vnmt Permanent Differences Income Tax
PermanentDifferencesIncomeTax
1255 usd
CY2022 vnmt Permanent Differences Rates
PermanentDifferencesRates
0.2100 pure
CY2021Q4 vnmt Permanent Differences Income Tax
PermanentDifferencesIncomeTax
1256 usd
CY2021 vnmt Permanent Differences Rates
PermanentDifferencesRates
0.2100 pure
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
216578 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2088 pure
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
339674 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2972 pure
CY2022Q4 vnmt State Income Tax
StateIncomeTax
918 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2021Q4 vnmt State Income Tax
StateIncomeTax
1650 usd
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2022 vnmt Net Operating Loss Carryforward Percentage
NetOperatingLossCarryforwardPercentage
1 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2092905 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2679077 usd
CY2022 dei Auditor Name
AuditorName
Ramirez Jimenez International CPAs

Files In Submission

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vnmt-20221231_cal.xml Edgar Link unprocessable
0001477932-23-001945-index-headers.html Edgar Link pending
0001477932-23-001945-index.html Edgar Link pending
0001477932-23-001945.txt Edgar Link pending
0001477932-23-001945-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
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vemanti_10k.htm Edgar Link pending
vemanti_10kimg3.jpg Edgar Link pending
vemanti_ex1013.htm Edgar Link pending
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vnmt-20221231.xsd Edgar Link pending
vnmt-20221231_def.xml Edgar Link unprocessable
vnmt-20221231_lab.xml Edgar Link unprocessable
vnmt-20221231_pre.xml Edgar Link unprocessable
vemanti_10k_htm.xml Edgar Link completed