2023 Q2 Form 10-Q Financial Statement
#000147793223003538 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $41.90K | $30.32K | $37.60K |
YoY Change | 15.82% | -19.36% | |
Cost Of Revenue | $5.361K | $5.531K | $5.520K |
YoY Change | -19.41% | 0.2% | |
Gross Profit | $36.54K | $24.79K | $32.08K |
YoY Change | 23.75% | -22.72% | |
Gross Profit Margin | 87.21% | 81.76% | 85.32% |
Selling, General & Admin | $363.0K | $372.3K | $329.0K |
YoY Change | 23.56% | 13.18% | |
% of Gross Profit | 993.46% | 1501.75% | 1025.41% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $8.040K | $0.00 | $184.00 |
YoY Change | 4131.58% | -100.0% | -0.54% |
% of Gross Profit | 22.0% | 0.0% | 0.57% |
Operating Expenses | $371.1K | $380.3K | $328.9K |
YoY Change | 26.29% | 15.62% | |
Operating Profit | -$334.5K | -$355.5K | -$296.9K |
YoY Change | 26.58% | 19.76% | |
Interest Expense | -$5.020K | $0.00 | |
YoY Change | -38715.38% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $630.00 | $478.00 | $436.00 |
YoY Change | 238.71% | 9.63% | -126.41% |
Pretax Income | -$338.9K | -$355.1K | -$296.4K |
YoY Change | 28.24% | 19.78% | 323.68% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$338.9K | -$355.1K | -$296.4K |
YoY Change | 28.24% | 19.78% | 323.68% |
Net Earnings / Revenue | -808.83% | -1170.98% | -788.39% |
Basic Earnings Per Share | $0.00 | -$0.01 | $0.00 |
Diluted Earnings Per Share | $0.00 | -$0.01 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 71.17M shares | 70.52M shares | 70.95M shares |
Diluted Shares Outstanding | 70.47M shares | 70.95M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $230.9K | $198.2K | $540.9K |
YoY Change | -47.02% | -63.35% | |
Cash & Equivalents | $230.9K | $198.2K | $534.8K |
Short-Term Investments | $6.110K | ||
Other Short-Term Assets | $57.72K | $151.3K | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $57.72K | $151.3K | |
Receivables | $16.18K | $2.653K | $1.410K |
Other Receivables | $0.00 | $0.00 | $25.14K |
Total Short-Term Assets | $304.8K | $352.1K | $567.4K |
YoY Change | -31.27% | -37.94% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $450.00 | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $296.4K | ||
YoY Change | |||
Total Long-Term Assets | $289.4K | $297.4K | $296.9K |
YoY Change | -10.07% | 0.19% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $304.8K | $352.1K | $567.4K |
Total Long-Term Assets | $289.4K | $297.4K | $296.9K |
Total Assets | $594.2K | $649.6K | $864.3K |
YoY Change | -22.35% | -24.84% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $13.05K | $29.73K | $10.18K |
YoY Change | -35.47% | 191.91% | |
Accrued Expenses | $90.09K | $223.0K | $279.8K |
YoY Change | -73.72% | -20.32% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $276.9K | $125.0K | $125.0K |
YoY Change | 121.48% | 0.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $384.4K | $430.2K | $415.0K |
YoY Change | -21.24% | 3.67% | |
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 | $384.4K | $430.2K | $415.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $384.4K | $430.2K | $415.0K |
YoY Change | -21.24% | 3.67% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.016M | -$4.677M | -$3.581M |
YoY Change | 30.47% | 30.63% | |
Common Stock | $7.172K | $7.051K | $7.151K |
YoY Change | 0.03% | -1.4% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $209.8K | $219.4K | $449.3K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $594.2K | $649.6K | $864.3K |
YoY Change | -22.35% | -24.84% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$338.9K | -$355.1K | -$296.4K |
YoY Change | 28.24% | 19.78% | 323.68% |
Depreciation, Depletion And Amortization | $8.040K | $0.00 | $184.00 |
YoY Change | 4131.58% | -100.0% | -0.54% |
Cash From Operating Activities | -$217.3K | -$59.28K | -$98.65K |
YoY Change | 107.33% | -39.91% | 56.9% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $337.5K | ||
YoY Change | 27.36% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 250.0K | 0.000 | $337.5K |
YoY Change | -100.0% | 27.36% | |
NET CHANGE | |||
Cash From Operating Activities | -217.3K | -$59.28K | -$98.65K |
Cash From Investing Activities | $0.00 | ||
Cash From Financing Activities | 250.0K | 0.000 | $337.5K |
Net Change In Cash | 32.66K | -$59.28K | $238.9K |
YoY Change | -133.01% | -124.82% | 24.32% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$217.3K | -$59.28K | -$98.65K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$98.65K | ||
YoY Change |
Facts In Submission
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---|---|---|---|---|
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Assets
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Accrued Liabilities Current
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Liabilities
Liabilities
|
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CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
4000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2022Q4 | us-gaap |
Stockholders Equity
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|
482195 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
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Operating Expenses
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Entity Central Index Key
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Amendment Flag
AmendmentFlag
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false | |
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Current Fiscal Year End Date
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--12-31 | |
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Document Fiscal Period Focus
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Q1 | |
CY2023Q1 | dei |
Document Fiscal Year Focus
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2023 | |
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Preferred Stock Par Or Stated Value Per Share
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0.0001 | |
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Preferred Stock Shares Authorized
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Preferred Stock Shares Outstanding
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Common Stock Par Or Stated Value Per Share
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Stock Issued During Period Value Issued For Services
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Investments
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2023-03-31 | |
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Entity File Number
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000-56266 | |
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Entity Registrant Name
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VEMANTI GROUP, INC. | |
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Entity Incorporation State Country Code
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NV | |
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Entity Tax Identification Number
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46-5317552 | |
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Entity Address Address Line1
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7545 Irvine Center Dr. | |
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Entity Address Address Line2
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Ste 200 | |
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Irvine | |
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CA | |
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92618 | |
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City Area Code
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949 | |
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Local Phone Number
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559-7200 | |
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Entity Current Reporting Status
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Entity Interactive Data Current
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Preferred Stock Par Or Stated Value Per Share
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Preferred Stock Shares Authorized
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Revenues
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General And Administrative Expense
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Operating Expenses
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Depreciation Depletion And Amortization
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Operating Income Loss
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Depreciation Depletion And Amortization
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Earnings Per Share Basic
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Earnings Per Share Basic
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Earnings Per Share Diluted
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Stockholders Equity
StockholdersEquity
|
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Stock Issued During Period Value Issued For Services
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|
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Net Income Loss
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Stockholders Equity
StockholdersEquity
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Stockholders Equity
StockholdersEquity
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Stock Issued During Period Value New Issues
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Stock Issued During Period Value Issued For Services
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Stockholders Equity
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Share Based Compensation
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Share Based Compensation
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Increase Decrease In Accounts Receivable
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Increase Decrease In Prepaid Expense
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|
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Amortization Expense
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|
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Increase Decrease In Accounts Payable
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Increase Decrease In Accounts Payable
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Increase Decrease In Prepaid Expense
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Net Cash Provided By Used In Operating Activities
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Proceeds From Issuance Of Common Stock
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|
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|
337500 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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|
-59280 | usd |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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198232 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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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> | |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of condensed 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 accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.</p> | |
CY2023Q1 | vmnt |
Customer Concentration
CustomerConcentration
|
0.50 | pure |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
40000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
70524209 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
70351709 | shares |
CY2023Q1 | vmnt |
Stock Issued During Period Shares For Cash
StockIssuedDuringPeriodSharesForCash
|
172500 | shares |
CY2023Q1 | vmnt |
Stock Issued During Period Value For Cash
StockIssuedDuringPeriodValueForCash
|
92227 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
25000 | usd |
CY2023Q1 | us-gaap |
Investments
Investments
|
0 | usd |
CY2023Q1 | vmnt |
Proprietary Informations
ProprietaryInformations
|
0 | usd |
CY2022 | vmnt |
Proprietary Informations
ProprietaryInformations
|
321547 | usd |
CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
8039 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
16078 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
297430 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
305469 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P10Y |