$WBSR
Webstar Technology Group Inc.

2024 Q2 Form 10-Q Financial Statement

#000149315224018651 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $158.4K $204.9K $230.3K
YoY Change -27.25% -11.01% -30.19%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $400.00
YoY Change -100.0% -100.0% 0.0%
% of Gross Profit
Operating Expenses $158.4K $204.9K $230.3K
YoY Change -27.25% -11.01% -30.19%
Operating Profit -$158.4K -$204.9K -$230.3K
YoY Change -27.25% -11.01% -30.19%
Interest Expense -$20.00K -$20.00K $22.02K
YoY Change -241.59% -190.83%
% of Operating Profit
Other Income/Expense, Net -$4.042M -$20.00K -$22.02K
YoY Change 28515.29% -9.17%
Pretax Income -$4.200M -$224.9K -$252.3K
YoY Change 1711.91% -10.85% -23.51%
Income Tax
% Of Pretax Income
Net Earnings -$4.200M -$224.9K -$252.3K
YoY Change 1711.91% -10.85% -23.51%
Net Earnings / Revenue
Basic Earnings Per Share -$0.03 $0.00 $0.00
Diluted Earnings Per Share -$0.03 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 158.3M shares 158.3M shares 139.9M shares
Diluted Shares Outstanding 161.7M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.00 $170.00 $4.080K
YoY Change -84.54% -95.83% 482.86%
Cash & Equivalents $154.00 $170.00 $4.080K
Short-Term Investments
Other Short-Term Assets $13.72K $12.20K $13.58K
YoY Change 37.2% -10.16% 24.93%
Inventory
Prepaid Expenses $13.72K $12.20K $13.58K
Receivables
Other Receivables
Total Short-Term Assets $13.87K $12.37K $17.66K
YoY Change 26.46% -29.96% 52.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.950K
YoY Change -44.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $1.00 $3.151K
YoY Change -100.0% -99.97% -49.9%
TOTAL ASSETS
Total Short-Term Assets $13.87K $12.37K $17.66K
Total Long-Term Assets $0.00 $1.00 $3.151K
Total Assets $13.87K $12.37K $20.81K
YoY Change 17.86% -40.56% 16.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.87K $22.87K $52.64K
YoY Change -11.49% -56.55% 13.13%
Accrued Expenses $15.36K $3.302M $2.603M
YoY Change -99.43% 26.82% -2.56%
Deferred Revenue
YoY Change
Short-Term Debt $1.005M $1.284M $156.2K
YoY Change 375.15% 722.43% -79.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.020M $4.609M $2.812M
YoY Change -65.44% 63.89% -18.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.101M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $0.00 $290.00
YoY Change -100.0% -85.43%
Total Long-Term Liabilities $0.00 $0.00 $1.101M
YoY Change -100.0% -100.0% 55241.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.020M $4.609M $2.812M
Total Long-Term Liabilities $0.00 $0.00 $1.101M
Total Liabilities $1.020M $4.609M $3.913M
YoY Change -74.18% 17.77% 12.94%
SHAREHOLDERS EQUITY
Retained Earnings -$47.56M -$43.36M -$42.47M
YoY Change 11.37% 2.09%
Common Stock $20.11K $15.83K $13.99K
YoY Change 27.04% 13.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.006M -$4.596M -$3.893M
YoY Change
Total Liabilities & Shareholders Equity $13.87K $12.37K $20.81K
YoY Change 17.86% -40.57% 16.52%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$4.200M -$224.9K -$252.3K
YoY Change 1711.91% -10.85% -23.51%
Depreciation, Depletion And Amortization $0.00 $0.00 $400.00
YoY Change -100.0% -100.0% 0.0%
Cash From Operating Activities -$20.01K -$55.56K -$55.49K
YoY Change -65.78% 0.12% -15.97%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 20.00K $55.56K $59.40K
YoY Change -63.87% -6.46% -10.41%
NET CHANGE
Cash From Operating Activities -20.01K -$55.56K -$55.49K
Cash From Investing Activities
Cash From Financing Activities 20.00K $55.56K $59.40K
Net Change In Cash -10.00 $3.902K
YoY Change -99.68% 1400.77%
FREE CASH FLOW
Cash From Operating Activities -$20.01K -$55.56K -$55.49K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
St. Augustine
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32095
CY2024Q1 dei City Area Code
CityAreaCode
(904)
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
312-9681
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2024Q1 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2024Q1 us-gaap Gross Profit
GrossProfit
usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
usd
CY2024Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2024Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
158271000 shares
CY2024Q1 us-gaap Cash
Cash
170 usd
CY2023Q4 us-gaap Cash
Cash
170 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12199 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
498 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
12369 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
668 usd
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
22871 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
24981 usd
CY2024Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
3237600 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
3074406 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
284232 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
228674 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
4608692 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4372050 usd
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
158271000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
158271000 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
158271000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
158271000 shares
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
15827 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
15827 usd
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
38750207 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
38750207 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-43362357 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-43137416 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-4596323 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4371382 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12369 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
668 usd
CY2024Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
158194 usd
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
194388 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46747 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
35900 usd
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
204941 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
230288 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-204941 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-230288 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-20000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22020 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-224941 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-252308 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-224941 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-252308 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158271000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139900000 shares
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4371382 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-224941 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-4596323 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-3640292 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-252308 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-3892600 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-224941 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-252308 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
400 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
11701 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
13083 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2110 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8297 usd
CY2024Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
163194 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
179188 usd
CY2024Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
20000 usd
CY2023Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
22020 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-7 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-55558 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-55493 usd
CY2024Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
55558 usd
CY2023Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
59395 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55558 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59395 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3902 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
170 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
178 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
170 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4080 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80D_eus-gaap--NatureOfOperations_z4HXYC2jjdb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 - <span id="xdx_829_z1x1MM3dTWOh">DESCRIPTION OF BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Webstar Technology Group, Inc. (the “Company”) was incorporated in <span id="xdx_900_edei--EntityIncorporationStateCountryCode_c20240101__20240331_zUkQemKHzVR2" title="Entity incorporation state">Wyoming</span> on <span id="xdx_90C_edei--EntityIncorporationDateOfIncorporation_dd_c20240101__20240331_zfRKzJNUFL4i" title="Entity incorporation date">March 10, 2015</span>. The Company was established for the operation of certain licensed and purchased software solutions. Since inception, the Company signed two license agreements with a related party to license proprietary software technology solutions, i.e., Gigabyte Slayer and WARP-G. The Company has been focused in large part on organizational activities and the development of its business plans to license the Gigabyte Slayer software application that is designed to deliver live video streams, video downloads and large data files more efficiently by using new proprietary data compression technology and to license the WARP-G software solution that is designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology. The Company completed the license of Gigabyte Slayer and WARP-G software on April 21, 2020 and is now seeking to sub-license the software.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WY
CY2024Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2015-03-10
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-43362357 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-224941 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-55558 usd
CY2024Q1 WBSR Working Capital Deficit
WorkingCapitalDeficit
4596323 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zm1L7okFl3Af" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_861_zcbQnvc3rsk6">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the unaudited condensed financial statements 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 unaudited condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Certain of our estimates could be affected by external conditions, including those unique to our industry, and general economic conditions. It is possible that these external factors could have an effect on our estimates that could cause actual results to differ from our estimates. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary. Significant estimates made by management include the valuation of deferred tax assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Reconciling Item Description
EffectiveIncomeTaxRateReconciliationReconcilingItemDescription
The guidance requires the rate reconciliation to include specific categories and provides further guidance on disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pretax income (loss) from continuing operations by the applicable statutory rate. For entities reconciling to the US statutory rate of 21%, this would generally require disclosing any reconciling items that impact the rate by 1.05% or more.
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
284232 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
228674 usd
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
158271000 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
158271000 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
139900000 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
139900000 shares

Files In Submission

Name View Source Status
0001493152-24-018651-index-headers.html Edgar Link pending
0001493152-24-018651-index.html Edgar Link pending
0001493152-24-018651.txt Edgar Link pending
0001493152-24-018651-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
Show.js Edgar Link pending
wbsr-20240331.xsd Edgar Link pending
wbsr-20240331_def.xml Edgar Link unprocessable
wbsr-20240331_cal.xml Edgar Link unprocessable
wbsr-20240331_lab.xml Edgar Link unprocessable
wbsr-20240331_pre.xml Edgar Link unprocessable