$WDSP
World Scan Project, Inc. Stock $wdsp

$wdsp Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000159991622000283 Filed on October 31, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	-$47.57K	$8.266M	$4.930M
YoY Change	-101.52%	232.8%	136.25%
Cost Of Revenue	$205.3K	$3.680M	$2.384M
YoY Change	-86.25%	339.74%	212.9%
Gross Profit	-$244.7K	$4.586M	$2.546M
YoY Change	-114.97%	178.45%	92.17%
Gross Profit Margin		55.48%	51.64%
Selling, General & Admin	$1.167M	$1.161M	$955.2K
YoY Change	41.02%	24.54%	35.92%
% of Gross Profit		25.32%	37.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.49K	$13.45K	$8.730K
YoY Change	65.32%
% of Gross Profit		0.29%	0.34%
Operating Expenses	$1.167M	$1.161M	$955.2K
YoY Change	41.01%	24.54%	35.92%
Operating Profit	-$1.412M	$3.425M	$1.591M
YoY Change	-275.11%	379.21%	155.72%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	-$1.202K	$7.727K	$19.46K
YoY Change	-101.34%	-93.34%	-81.8%
Pretax Income	-$1.413M	$3.433M	$1.610M
YoY Change	-257.71%	313.19%	120.89%
Income Tax	-$494.0K	$1.285M	$671.7K
% Of Pretax Income		37.45%	41.72%
Net Earnings	-$919.0K	$2.147M	$938.5K
YoY Change	-268.75%	279.59%	166.31%
Net Earnings / Revenue		25.98%	19.04%
Basic Earnings Per Share	-$0.09	$0.20	$0.09
Diluted Earnings Per Share	-$0.09	$0.10	$0.05
COMMON SHARES
Basic Shares Outstanding	10.65M shares	10.65M shares	10.65M shares
Diluted Shares Outstanding	10.65M shares	20.65M shares	20.65M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.665M	$1.913M	$1.948M
YoY Change	135.63%	108.28%	189.25%
Cash & Equivalents	$1.665M	$1.913M	$1.948M
Short-Term Investments
Other Short-Term Assets	$25.16M	$6.020M	$3.666M
YoY Change	1025.16%	437.47%	253.42%
Inventory	$178.4K	$181.4K	$433.8K
Prepaid Expenses
Receivables	$9.630K	$0.00	$15.75K
Other Receivables	$727.9K	$100.00	$0.00
Total Short-Term Assets	$27.74M	$8.115M	$6.064M
YoY Change	519.46%	117.01%	85.79%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.174M	$1.310M	$1.230M
YoY Change	137.05%	578.5%	1094.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$1.293M	$1.451M	$1.380M
YoY Change	124.98%	598.34%	1065.1%
TOTAL ASSETS
Total Short-Term Assets	$27.74M	$8.115M	$6.064M
Total Long-Term Assets	$1.293M	$1.451M	$1.380M
Total Assets	$29.03M	$9.567M	$7.444M
YoY Change	474.58%	142.36%	120.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$631.6K	$228.6K	$267.0K
YoY Change	182.07%	-17.41%	22.05%
Accrued Expenses	$279.3K	$270.5K	$253.7K
YoY Change	107.36%	432.62%	387.31%
Deferred Revenue
YoY Change
Short-Term Debt	$460.00	$460.00	$460.00
YoY Change	-99.57%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$23.19M	$2.671M	$1.906M
YoY Change	1196.46%	95.82%	51.75%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$634.0K	$727.5K	$844.1K
YoY Change	259.29%	1931.42%	1558.04%
Total Long-Term Liabilities	$634.0K	$727.5K	$844.1K
YoY Change	259.29%	1931.42%	1558.04%
TOTAL LIABILITIES
Total Short-Term Liabilities	$23.19M	$2.671M	$1.906M
Total Long-Term Liabilities	$634.0K	$727.5K	$844.1K
Total Liabilities	$23.82M	$3.398M	$2.751M
YoY Change	1112.32%	142.78%	110.42%
SHAREHOLDERS EQUITY
Retained Earnings	$5.813M	$6.732M
YoY Change
Common Stock	$1.065K	$1.065K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$5.206M	$6.168M	$4.693M
YoY Change
Total Liabilities & Shareholders Equity	$29.03M	$9.567M	$7.444M
YoY Change	474.58%	142.36%	120.08%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	-$919.0K	$2.147M	$938.5K
YoY Change	-268.75%	279.59%	166.31%
Depreciation, Depletion And Amortization	$13.49K	$13.45K	$8.730K
YoY Change	65.32%
Cash From Operating Activities	$298.9K	$451.7K	-$626.7K
YoY Change	-324.67%	15.02%	107.82%
INVESTING ACTIVITIES
Capital Expenditures	-$23.81K	$229.4K	$14.03K
YoY Change	-127.63%	109.66%
Acquisitions
YoY Change
Other Investing Activities	-$25.57K
YoY Change
Cash From Investing Activities	-$1.760K	-$229.4K	-$14.03K
YoY Change	-97.96%	109.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities	298.9K	451.7K	-$626.7K
Cash From Investing Activities	-1.760K	-229.4K	-$14.03K
Cash From Financing Activities
Net Change In Cash	297.1K	222.2K	-$635.0K
YoY Change	-235.54%	-21.54%
FREE CASH FLOW
Cash From Operating Activities	$298.9K	$451.7K	-$626.7K
Capital Expenditures	-$23.81K	$229.4K	$14.03K
Free Cash Flow	$322.7K	$222.2K	-$640.8K
YoY Change	-247.2%	-21.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q4	us-gaap	Assets Assets	6486330	usd
CY2022Q3	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	631632	usd
CY2021Q4	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	261809	usd
CY2022Q3	WDSP	Accruedexpensesrelatedparty Accruedexpensesrelatedparty	20394	usd
CY2022Q3	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	1611136	usd
CY2021Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	495987	usd
CY2022Q3	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	258875	usd
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	219892	usd
CY2022Q3	us-gaap	Deferred Revenue DeferredRevenue	20667697	usd
CY2021Q4	us-gaap	Deferred Revenue DeferredRevenue	1476492	usd
CY2022Q3	us-gaap	Due From Related Parties DueFromRelatedParties	458	usd
CY2021Q4	us-gaap	Due From Related Parties DueFromRelatedParties	455	usd
CY2022Q3	us-gaap	Liabilities Current LiabilitiesCurrent	23190192	usd
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2454635	usd
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	634000	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	219474	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1664520	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2583218	usd
CY2022Q3	WDSP	Accountsreceivable Accountsreceivable	1431	usd
CY2021Q4	WDSP	Accountsreceivable Accountsreceivable	4724	usd
CY2022Q3	WDSP	Accountsreceivablerelatedparty Accountsreceivablerelatedparty	8201	usd
CY2022Q3	us-gaap	Other Receivables OtherReceivables	727911	usd
CY2021Q4	us-gaap	Other Receivables OtherReceivables	16775	usd
CY2022Q3	us-gaap	Liabilities Liabilities	23824192	usd
CY2021Q4	us-gaap	Liabilities Liabilities	2674109	usd
CY2022Q3	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	25115340	usd
CY2021Q4	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	3035135	usd
CY2022Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	200000000	shares
CY2022Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	10000000	shares
CY2022Q3	us-gaap	Inventory Net InventoryNet	178386	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	47994	usd
CY2022Q3	us-gaap	Deposits Assets Current DepositsAssetsCurrent	41321	usd
CY2022Q3	us-gaap	Assets Current AssetsCurrent	27737110	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	5687846	usd
CY2022Q3	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	336624	usd
CY2021Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	161390	usd
CY2022Q3	WDSP	Leaseassetlong Leaseassetlong	837212	usd
CY2021Q4	WDSP	Leaseassetlong Leaseassetlong	406816	usd
CY2022Q3	us-gaap	Preferred Stock Value PreferredStockValue	1000	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	1000	usd
CY2022Q3	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	96234	usd
CY2021Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	230278	usd
CY2022Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	23274	usd
CY2022Q3	us-gaap	Assets Noncurrent AssetsNoncurrent	1293344	usd
	us-gaap	Interest Paid InterestPaid		usd
	us-gaap	Interest Paid InterestPaid		usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid		usd
CY2021Q4	WDSP	Advancepayments Advancepayments	3035135	usd
CY2021Q4	WDSP	Longtermasset Longtermasset	177526	usd
CY2021Q4	WDSP	Depreciationexpense Depreciationexpense	16136	usd
	WDSP	Incometaxexpense Incometaxexpense	1463145	usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-07-31
	dei	Entity File Number EntityFileNumber	000-56208
	dei	Entity Registrant Name EntityRegistrantName	World Scan Project, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	35-2677532
	dei	Entity Central Index Key EntityCentralIndexKey	0001813744
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2021Q4	WDSP	Accountsreceivablerelatedparty Accountsreceivablerelatedparty		usd
CY2021Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent		usd
CY2021Q4	WDSP	Accruedexpensesrelatedparty Accruedexpensesrelatedparty		usd
CY2021Q3	WDSP	Revenuesrelatedpartyperiod Revenuesrelatedpartyperiod		usd
CY2022Q3	WDSP	Translationexpense Translationexpense		usd
	WDSP	Translationexpense Translationexpense		usd
	WDSP	Amortizationoflongtermdeposits Amortizationoflongtermdeposits		usd
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable		usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets		usd
	WDSP	Depositsperiod Depositsperiod		usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue		usd
	WDSP	Othercurrentliabilitiesperiod Othercurrentliabilitiesperiod		usd
	WDSP	Otherassetsperiod Otherassetsperiod		usd
CY2021Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	798484	usd
CY2022Q3	us-gaap	Assets Assets	29030454	usd
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10647350	shares
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	1065	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	1065	usd
CY2022Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	323990	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	323990	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	5813190	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3646360	usd
CY2022Q3	WDSP	Accumulatedothercomprehensiveincomeloss Accumulatedothercomprehensiveincomeloss	-932983	usd
CY2021Q4	WDSP	Accumulatedothercomprehensiveincomeloss Accumulatedothercomprehensiveincomeloss	-160194	usd
CY2022Q3	WDSP	Shareholdersequitytotal Shareholdersequitytotal	5206262	usd
CY2021Q4	WDSP	Shareholdersequitytotal Shareholdersequitytotal	3812221	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	29030454	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6486330	usd
CY2022Q3	us-gaap	Revenues Revenues	-47570	usd
CY2021Q3	us-gaap	Revenues Revenues	3126603	usd
	us-gaap	Revenues Revenues	13148864	usd
	us-gaap	Revenues Revenues	7697305	usd
CY2022Q3	WDSP	Revenuesrelatedpartyperiod Revenuesrelatedpartyperiod	8191	usd
	WDSP	Revenuesrelatedpartyperiod Revenuesrelatedpartyperiod	8191	usd
CY2022Q3	us-gaap	Cost Of Revenue CostOfRevenue	205279	usd
CY2021Q3	us-gaap	Cost Of Revenue CostOfRevenue	1492729	usd
	us-gaap	Cost Of Revenue CostOfRevenue	6269715	usd
	us-gaap	Cost Of Revenue CostOfRevenue	3091595	usd
CY2022Q3	us-gaap	Gross Profit GrossProfit	-244658	usd
CY2021Q3	us-gaap	Gross Profit GrossProfit	1633874	usd
	us-gaap	Gross Profit GrossProfit	6887340	usd
	us-gaap	Gross Profit GrossProfit	4605710	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1167096	usd
CY2021Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	827644	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3283353	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2462990	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	1167096	usd
CY2021Q3	us-gaap	Operating Expenses OperatingExpenses	827644	usd
	us-gaap	Operating Expenses OperatingExpenses	3283353	usd
	us-gaap	Operating Expenses OperatingExpenses	2462990	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-1411754	usd
CY2021Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	806230	usd
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	3603987	usd
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	2142720	usd
CY2022Q3	us-gaap	Other Income OtherIncome	-1202	usd
CY2021Q3	us-gaap	Other Income OtherIncome	89698	usd
	us-gaap	Other Income OtherIncome	25988	usd
	us-gaap	Other Income OtherIncome	313413	usd
CY2021Q3	WDSP	Translationexpense Translationexpense	-1	usd
	WDSP	Translationexpense Translationexpense	-432	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1202	usd
CY2021Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	89697	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	25988	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	312981	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	-1412956	usd
CY2021Q3	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	895927	usd
	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	3629975	usd
	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	2455701	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-493964	usd
CY2021Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	351343	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1463145	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	993001	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-918992	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	544584	usd
	us-gaap	Net Income Loss NetIncomeLoss	2166830	usd
	us-gaap	Net Income Loss NetIncomeLoss	1462700	usd
CY2022Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-43191	usd
CY2021Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-4945	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-772789	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-97670	usd
CY2022Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-962183	usd
CY2021Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	539639	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1394041	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1365030	usd
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.09
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.09
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10647350	shares
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10647350	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10647350	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10647350	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10647350	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20647350	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20647350	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20647350	shares
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3812221	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	938541	usd
CY2022Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-57443	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4693319	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	2147281	usd
CY2022Q2	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-672155	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6168445	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-918992	usd
CY2022Q3	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-43191	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5206262	usd
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1722255	usd
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	352429	usd
CY2021Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	526	usd
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2075210	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	565687	usd
CY2021Q2	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-93251	usd
CY2021Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2547646	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	544584	usd
CY2021Q3	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-4945	usd
CY2021Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3087285	usd
	us-gaap	Net Income Loss NetIncomeLoss	2166830	usd
	us-gaap	Net Income Loss NetIncomeLoss	1462700	usd
	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease	35674	usd
	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease	8155	usd
	WDSP	Amortizationoflongtermdeposits Amortizationoflongtermdeposits	78270	usd
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	241458	usd
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	56709	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-6187	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-453391	usd
	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	-784048	usd
	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	-24822770	usd
	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	-1754216	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-151316	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-253063	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-75595	usd
	WDSP	Depositsperiod Depositsperiod	-14501	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	472716	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	90981	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	1794931	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	819771	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	21331045	usd
	WDSP	Increasedecreaserightofuseasset Increasedecreaserightofuseasset	-218345	usd
	WDSP	Increasedecreaserightofuseasset Increasedecreaserightofuseasset	-56709	usd
	WDSP	Othercurrentliabilitiesperiod Othercurrentliabilitiesperiod	112714	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	123757	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-41944	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-219651	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-195607	usd
	WDSP	Otherassetsperiod Otherassetsperiod	-25568	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-245219	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-195607	usd
	WDSP	Neteffectofexchangeratechangesoncash Neteffectofexchangeratechangesoncash	-797236	usd
	WDSP	Neteffectofexchangeratechangesoncash Neteffectofexchangeratechangesoncash	-30656	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-918698	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-268207	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2583218	usd
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	974606	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1664520	usd
CY2021Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	706399	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	3900822	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1269132	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	352250	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_849_eus-gaap--UseOfEstimates_zDEhOdaIwrt5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86C_zLzLJfvxyPHh">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; 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. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
	us-gaap	Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure	<p id="xdx_845_eus-gaap--RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure_zoXpS7xfWt87" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86E_zJCu6D2BKeV">Revenue recognition</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The Company adopted ASC 606 – Revenue from contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="background-color: white">The following table summarizes our revenue recognized under ASC 606 in our condensed consolidated statements of operations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="5" style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-size: 10pt"><b>Period Ended</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="5" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-size: 10pt"><b>July 31,</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-size: 10pt"><b>2022</b></span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: center"><span style="font-size: 10pt"><b>2021</b></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td colspan="2" style="padding-right: 4.95pt; padding-left: 4.95pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt"><b>Revenues</b></span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">Product sales</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt">12,905,805</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">$</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt"> 4,570,702</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">Drone imaging and video production</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt">20,031</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-family: MS Mincho; font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">Program for educational institution</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt">34,869</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt">-</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">Other</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt">196,350</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-size: 10pt">Total Revenue Under ASC 606</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1.5pt double; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="border-bottom: Black 1.5pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt"> 13,157,055</span></td> <td style="padding-right: 4.95pt; padding-left: 4.95pt"> </td> <td style="border-bottom: Black 1.5pt double; padding-right: 4.95pt; padding-left: 4.95pt"><span style="font-family: Yu Gothic,sans-serif; font-size: 10pt">　</span></td> <td style="border-bottom: Black 1.5pt double; padding-right: 4.95pt; padding-left: 4.95pt; text-align: right"><span style="font-size: 10pt"> 4,570,702</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue from product sales</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; background-color: white">Revenue for products is recognized when the products are delivered to the customer and the customer completes the product inspection. Cash receipts for undelivered products are recorded as deferred revenues. As of July 31, 2022, the Company had deferred revenues of $20,667,697.</span><span style="font-size: 9pt; background-color: white"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Included in product sales for the period ended July 31, 2022, are three sales transactions of cryptocurrency mining units. These three transactions accounted for 76% of total revenue for the third fiscal quarter.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue from drone imaging and video production</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; background-color: white">Revenue for drone imaging and video production is recognized when the products and/or services are delivered or provided to the customer and the customer completes the product inspection. Cash receipts for undelivered products or services are recorded as deferred revenues. As of July 31, 2022, the Company had no deferred revenues related to drone imaging and video production</span><span style="font-size: 9pt; background-color: white">.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue from educational institution program</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">Revenue for educational institution fees is recognized when the services are provided to the customer. Cash receipts for undelivered products are recorded as deferred revenues. As of July 31, 2022, the Company had no deferred revenues related to the educational institution program.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue – related party</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><i><span style="text-decoration: underline"/></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">During the period ended July 31, 2022, revenue totaling $8,191 was recognized from sales to related party ZEXAVERSE Corporation (hereinafter referred to as “ZEXAVERSE”). ZEXAVERSE is considered as a related party due to the fact that Ryohei Uetaki, CEO of the Company, controls the said company. During the period ended July 31, 2022, revenue totaling $1,003,641 was recognized from sales to related party.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">The terms and conditions applied to the above transactions were the same as those applied to sales to customers not related to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022Q3	WDSP	Advancepayments Advancepayments	25115340	usd
	us-gaap	Revenue Recognition Customer Acquisitions RevenueRecognitionCustomerAcquisitions	<p id="xdx_80F_eus-gaap--RevenueRecognitionCustomerAcquisitions_zVpJAxJ9whNh" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_826_zypqo81arWD1">NOTE 9- REVENUES AND COST OF REVENUE</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">During the three months of this quarter (May to July 2022), the Company started to sell cryptocurrency miners (3 units in total), aiming to expand the revenue sources. For drone sales, a major sales item of the Company until the previous quarters, the sales were resulted almost none. The sales item portfolio has been changed in this quarter compared with the previous quarters.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The revenue for the three months period for May to July 2022 were found by subtracting six months total revenue (November 2021 to April 2022) from total revenue for nine month period (November 2021 to July 2022). Due to the depreciated Japanese yen against US dollars, the revenue for the said three months resulted in negative figures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Also, for the three months period of this quarter (May to July 2022), the sales from cryptocurrency miners accounted for about 76% of the total revenue, and 72% of the cost of sales, resulting the gross margins about 18% (compared to approximately 57% gross margins for drones). This decreased gross margin was brought by a new expense item associated with cryptocurrency miners; the agent commissions paid to our sales agents upon each sales transaction which are booked to the cost of goods sold. As a result, the gross margin for the said quarter has been decreased from the previous quarter.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Revenue for the three months period, May to July 2022, was in negative figures due to decreased gross margin caused by the change in sales item and depreciating Japanese Yen, and there was a significant difference from the Company’s historical gross margin.<span style="background-color: white"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"> </span></p>
	WDSP	Operatingleasecosts Operatingleasecosts	241458	usd

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2022 Q3 Form 10-Q Financial Statement

#000159991622000283 Filed on October 31, 2022

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2022 Q3 Form 10-Q Financial Statement

#000159991622000283 Filed on October 31, 2022

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World Scan Project, Inc. Stock $wdsp