$WDSP
World Scan Project, Inc.

2024 Q1 Form 10-Q Financial Statement

#000159991624000287 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $544.0K $5.257K
YoY Change 10248.58% -99.89%
Cost Of Revenue $319.0K $3.492K
YoY Change 9035.37% -99.85%
Gross Profit $1.486M $7.740M
YoY Change -80.79% 203.99%
Gross Profit Margin 273.23% 147226.02%
Selling, General & Admin $4.110M
YoY Change 330.22%
% of Gross Profit 53.1%
Research & Development $179.6K
YoY Change
% of Gross Profit 12.08%
Depreciation & Amortization $12.82K
YoY Change 46.85%
% of Gross Profit 0.17%
Operating Expenses $1.763M $4.110M
YoY Change -57.11% 330.22%
Operating Profit -$276.1K $3.630M
YoY Change -107.61% 128.19%
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $3.630M
YoY Change 125.43%
Income Tax -$64.32K $1.608M
% Of Pretax Income 44.29%
Net Earnings -$308.3K $2.022M
YoY Change -115.24% 115.47%
Net Earnings / Revenue -56.66% 38467.59%
Basic Earnings Per Share -$0.03 $0.19
Diluted Earnings Per Share -$0.01 $0.10
COMMON SHARES
Basic Shares Outstanding 10.82M shares 10.65M shares
Diluted Shares Outstanding 20.82M shares 20.65M shares

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.551M
YoY Change -20.41%
Cash & Equivalents $767.2K $1.551M
Short-Term Investments
Other Short-Term Assets $22.41M
YoY Change 511.18%
Inventory $14.11K $458.00
Prepaid Expenses
Receivables $153.3K
Other Receivables $690.00
Total Short-Term Assets $12.74M $24.11M
YoY Change -47.18% 297.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.045M
YoY Change -15.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $137.1K
YoY Change
Total Long-Term Assets $3.195M $1.317M
YoY Change 142.69% -4.58%
TOTAL ASSETS
Total Short-Term Assets $12.74M $24.11M
Total Long-Term Assets $3.195M $1.317M
Total Assets $15.93M $25.43M
YoY Change -37.35% 241.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.495M
YoY Change 834.49%
Accrued Expenses $1.506M
YoY Change 493.38%
Deferred Revenue
YoY Change
Short-Term Debt $460.00
YoY Change 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.714M $10.71M
YoY Change -37.33% 461.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $561.2K
YoY Change -33.51%
Total Long-Term Liabilities $561.2K
YoY Change -33.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.714M $10.71M
Total Long-Term Liabilities $561.2K
Total Liabilities $7.312M $11.27M
YoY Change -35.14% 309.86%
SHAREHOLDERS EQUITY
Retained Earnings $8.830M $14.58M
YoY Change -39.42%
Common Stock $1.082K $1.065K
YoY Change 1.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.16M
YoY Change
Total Liabilities & Shareholders Equity $15.93M $25.43M
YoY Change -37.35% 241.62%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$308.3K $2.022M
YoY Change -115.24% 115.47%
Depreciation, Depletion And Amortization $12.82K
YoY Change 46.85%
Cash From Operating Activities -$10.52M -$4.873M
YoY Change 115.88% 677.47%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$439.3K
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 $5.832M
YoY Change
NET CHANGE
Cash From Operating Activities -$10.52M -$4.873M
Cash From Investing Activities -$439.3K
Cash From Financing Activities $5.832M
Net Change In Cash -$4.932M -$4.286M
YoY Change 15.08% 574.92%
FREE CASH FLOW
Cash From Operating Activities -$10.52M -$4.873M
Capital Expenditures $0.00
Free Cash Flow -$4.873M
YoY Change 660.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2024Q1 WDSP Advancesreceived
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CY2024Q1 WDSP Increasedecreaserightofuseasset
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CY2023Q1 WDSP Increasedecreaserightofuseasset
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q1 us-gaap Effect Of Exchange Rate On 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 Period Increase Decrease Including Exchange Rate Effect
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q1 us-gaap Reclassifications
Reclassifications
<p id="xdx_84D_eus-gaap--Reclassifications_zTZIxFgAvQXk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_865_zXXFs2rMjs3d">Reclassification</span></b></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; color: #212529"><span style="background-color: white">Certain amounts in the prior period have been reclassified to conform to the current period presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #000000"> </p>
CY2024Q1 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"><span id="xdx_86C_zLzLJfvxyPHh" style="color: #000000"><b>Use of Estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="color: #000000"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q1 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"><span id="xdx_86E_zJCu6D2BKeV" style="color: #000000"><b>Revenue recognition</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="color: #000000"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><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; color: #212529"> </p> <p style="font: 11pt Aptos; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white">Revenue amount represents the invoiced value, net of a value-added tax (“Consumption Tax”) and applicable local government levies. The Consumption Tax on sales is calculated at 10% of gross sales. The Company is subject to consumption taxes in Japan for the quarter ended January 31, 2024</span><span style="font-size: 8pt">  </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white">.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><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; color: #212529"> </p> <p style="font: 11pt Aptos; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; 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 advance received</span><span style="font-size: 8pt">  </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white">. As of January 31, 2024, the Company had no advance received related to product sales. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white"><i><span style="text-decoration: underline">Revenue from crypto miners sales</span></i>       </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">During the period ended January 31, 2023, the Company acted as an agent in facilitating the sales of crypto miners, produced by a third-party manufacturer, to customers of the Company. Revenue for the sale of crypto miners was recognized when the miners were delivered to the customers and the customers completed the inspection of the miners. Management assessed the Company’s contracts with the third-party manufacturer and customers in consideration of ASC 606, “Revenue from Contracts with Customers”, and determined the Company as the agent in said transactions. As of January 31, 2024, $357,659 of advance received are related to deposits for crypto miners.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><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; color: #212529"><i> </i></p> <p style="font: 11pt Aptos; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; 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 advance received</span><span style="font-size: 8pt">  </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white">. As of January 31, 2024, the Company had no advance related to the educational institution program.</span></p> <p style="font: 11pt Aptos; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white"> </span></p>
CY2024Q1 WDSP Concentrationofpurchases
Concentrationofpurchases
<p id="xdx_846_ecustom--Concentrationofpurchases_zt5pb194bUFj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_86E_zjVpupuOWTmk">Concentration of Purchases</span></b>   </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; color: #212529"><span style="background-color: white">Net purchase from suppliers accounting for 10% or more of total purchases are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 11pt Aptos; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white">For the period ended January 31, 2024, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_904_ecustom--InvfromGforce_c20231101__20240131_zYzdSxxS2lg4">6,385</span></span><span style="font-size: 8pt"></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212529; background-color: white">.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">For the period ended January 31, 2023, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_902_ecustom--InvfromGforce_c20221101__20230131_zghgVrRkeQy5">3,492</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q1 WDSP Invfrom Gforce
InvfromGforce
6385 usd
CY2023Q1 WDSP Invfrom Gforce
InvfromGforce
3492 usd
CY2024Q1 WDSP Concentrationofrevenues
Concentrationofrevenues
<p id="xdx_84E_ecustom--Concentrationofrevenues_zrrGejthrnD2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_860_znxpFNtOrA2f">Concentration of Revenues</span></b>     </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; color: #212529"><span style="background-color: white">Revenues from customers accounting for 10% or more of total revenues are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">For the period ended January 31, 2024, 36.6% of total revenue was generated from I’rom Co. Ltd. in the amount of $<span id="xdx_90D_ecustom--Revfromiromco_c20231101__20240131_zZbPgA2Up024">660,753</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">For the period ended January 31, 2024, 30.13% of total revenue was generated from Drone Net, Inc. in the amount of $<span id="xdx_90B_ecustom--Revfromdronenet_c20231101__20240131_zGvgJOm3os99">544,025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">For the period ended January 31, 2024, 12.89% of total revenue was generated from Heart Corporation in the amount of $<span id="xdx_903_ecustom--Revfromheart_c20231101__20240131_znybqVqm48Dg">232,657</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">For the period ended January 31, 2023, none.</span></p>
CY2024Q1 WDSP Revfromiromco
Revfromiromco
660753 usd
CY2024Q1 WDSP Revfromdronenet
Revfromdronenet
544025 usd
CY2024Q1 WDSP Revfromheart
Revfromheart
232657 usd
CY2024Q1 WDSP Companyworkingcapital
Companyworkingcapital
6023960 usd
CY2024Q1 WDSP Workingcapitaldecrease
Workingcapitaldecrease
584581 usd
CY2023Q4 WDSP Companyworkingcapital
Companyworkingcapital
6608501 usd
CY2024Q1 WDSP Recordedcashequivalents
Recordedcashequivalents
767210 usd
CY2024Q1 WDSP Cashequivalentsdecrease
Cashequivalentsdecrease
4931673 usd
CY2023Q4 WDSP Recordedcashequivalents
Recordedcashequivalents
5698833 usd
CY2024Q1 WDSP Recordednetloss
Recordednetloss
308261 usd
CY2024Q1 WDSP Usedincashflows
Usedincashflows
10519502 usd
CY2024Q1 WDSP Accountsreceivablepolicy
Accountsreceivablepolicy
<p id="xdx_807_ecustom--Accountsreceivablepolicy_zsE4H3W30lE4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white"><b><span id="xdx_828_zYREZWEFeksh">NOTE 4 - ACCOUNTS RECEIVABLE</span></b>  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">Accounts receivable from customers totaled $<span id="xdx_901_ecustom--Accountsreceivablefromcustomers_iI_c20240131_zYioUpSMUKH4">0</span> as of January 31, 2024 and $<span id="xdx_903_ecustom--Accountsreceivablefromcustomers_iI_c20231031_zgfcOA1V0ddc">125,981</span> as of October 31, 2023. No bad debt allowance was provided as of January 31, 2024 and October 31, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white"><b>Concentration of Accounts Receivable</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">Accounts receivable from customers accounting for 10% or more of total accounts receivable are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="background-color: white">For the period ended October 31, 2023, 99.86% of total accounts receivable was owed to the Company by Drone Net Co. Ltd., in the amount of $<span id="xdx_903_ecustom--Accountsreceivablefromdronenet_iI_c20231031_zRYWYF83auke">125,811</span>.  </span></p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 WDSP Accountsreceivablefromcustomers
Accountsreceivablefromcustomers
0 usd
CY2023Q4 WDSP Accountsreceivablefromcustomers
Accountsreceivablefromcustomers
125981 usd
CY2023Q4 WDSP Accountsreceivablefromdronenet
Accountsreceivablefromdronenet
125811 usd
CY2024Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
11930635 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
5122849 usd
CY2024Q1 WDSP Additionallongtermassetspurchased
Additionallongtermassetspurchased
30797 usd
CY2024Q1 WDSP Softwarepurchased
Softwarepurchased
408529 usd
CY2024Q1 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
13361 usd
CY2023 WDSP Longtermassetspurchased
Longtermassetspurchased
9649 usd
CY2023 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
51131 usd
CY2024Q1 WDSP Advancereceivedasof
Advancereceivedasof
357659 usd
CY2023Q4 WDSP Advancereceivedasof
Advancereceivedasof
3358529 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18717456 usd
CY2023 WDSP Researchanddevelopmentexpensesduration
Researchanddevelopmentexpensesduration
12889323 usd
WDSP Producingtechnologyexpensesduration
Producingtechnologyexpensesduration
5077179 usd
CY2023 WDSP Generalresearchanddevelopmentduration
Generalresearchanddevelopmentduration
750954 usd
CY2023 WDSP Netlossbeforetaxforyear
Netlossbeforetaxforyear
3416587 usd
CY2023 WDSP Taxcreditforyear
Taxcreditforyear
2092461 usd
CY2024Q1 WDSP Researchanddevelopmentexpensesduration
Researchanddevelopmentexpensesduration
406641 usd
CY2024Q1 WDSP Income Taxes Paidperiod
IncomeTaxesPaidperiod
64319 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
1607773 usd
CY2023 WDSP Paidincometaxduringyear
Paidincometaxduringyear
3416587 usd
CY2024Q1 WDSP Incometaxexpensetable
Incometaxexpensetable
<p id="xdx_894_ecustom--Incometaxexpensetable_zXeU8MbEUIq7" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="background-color: white">For the periods ended January 31, 2024 and 2023, <span id="xdx_8BE_z8sWgHWKFHz9">the Company’s income tax expenses</span> are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; color: #212529"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Aptos; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-left: 9pt; text-align: justify"> </td> <td style="padding-left: 9pt"> </td> <td colspan="6" style="padding-left: 9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Three Months Ended</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 9pt; text-align: justify"> </td> <td style="padding-left: 9pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; padding-left: 9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">January 31,</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 9pt; text-align: justify"> </td> <td style="padding-left: 9pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; padding-left: 9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-top: Black 1pt solid; padding-left: 9pt"> </td> <td style="border-top: Black 1pt solid; padding-left: 9pt"> </td> <td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 9pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; padding-left: 9pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Current</span></td> <td style="width: 9%; padding-left: 9pt"> </td> <td style="width: 2%; padding-left: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="width: 23%; padding-left: 9pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">116</span></td> <td style="width: 2%; padding-left: 9pt"> </td> <td style="width: 4%; padding-left: 9pt"> </td> <td style="width: 2%; padding-left: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="border-top: Black 1pt solid; width: 18%; padding-left: 9pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,404,222</span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 9pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred</span></td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(64,435)</span></td> <td> </td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">203,551</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Total</span></td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="padding-left: 9pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">(64,319)</span></td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt"> </td> <td style="padding-left: 9pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">$</span></td> <td style="padding-left: 9pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,607,773</span></td></tr> </table>
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19941 usd
CY2024Q1 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19976 usd
CY2023Q1 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2024Q1 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
57580 usd
CY2023Q1 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
73153 usd
CY2024Q1 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
6166607 usd
CY2023Q4 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
1103686 usd

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