2024 Q2 Form 10-Q Financial Statement

#000159991624000292 Filed on November 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q2
Revenue $940.3K
YoY Change 128010.35%
Cost Of Revenue $552.4K
YoY Change 87862.58%
Gross Profit $1.415M
YoY Change -90.88%
Gross Profit Margin 150.5%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $311.6K
YoY Change
% of Gross Profit 22.02%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.322M
YoY Change -83.66%
Operating Profit $93.44K
YoY Change -98.74%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax -$15.06K
% Of Pretax Income
Net Earnings $110.3K
YoY Change -97.85%
Net Earnings / Revenue 11.73%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01
COMMON SHARES
Basic Shares Outstanding 10.82M shares
Diluted Shares Outstanding 20.82M shares

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $231.7K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $8.260K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $13.47M
YoY Change -60.25%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.959M
YoY Change 72.08%
TOTAL ASSETS
Total Short-Term Assets $13.47M
Total Long-Term Assets $2.959M
Total Assets $16.43M
YoY Change -53.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.370M
YoY Change -85.33%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.370M
Total Long-Term Liabilities
Total Liabilities $2.887M
YoY Change -82.69%
SHAREHOLDERS EQUITY
Retained Earnings $8.941M
YoY Change -54.63%
Common Stock $1.131K
YoY Change 6.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $16.43M
YoY Change -53.86%

Cashflow Statement

Concept 2024 Q2
OPERATING ACTIVITIES
Net Income $110.3K
YoY Change -97.85%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2024Q2 WDSP Commonsharessoldperiod
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Preferred Stock Shares Issued
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CY2024Q2 us-gaap Common Stock Shares Issued
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss
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WDSP Amortizationlongtermassets
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us-gaap Lease And Rental Expense
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2023Q1 us-gaap Preferred Stock Shares Issued
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CY2023Q1 us-gaap Common Stock Shares Issued
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Preferred Stock Shares Issued
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CY2023Q2 us-gaap Common Stock Shares Issued
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us-gaap Net Income Loss
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WDSP Amortizationlongtermassets
Amortizationlongtermassets
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WDSP Amortizationlongtermassets
Amortizationlongtermassets
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us-gaap Lease And Rental Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Deferred Other Tax Expense Benefit
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WDSP Advancesreceived
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WDSP Advancesreceived
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WDSP Increasedecreaserightofuseasset
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WDSP Increasedecreaserightofuseasset
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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Cashpaidintangibleassets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10602249 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
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WDSP Amortizationlongtermassets
Amortizationlongtermassets
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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Deferred Other Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
4211460 usd
WDSP Advancesreceived
Advancesreceived
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WDSP Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
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WDSP Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Sale Of Stock Consideration Received Per Transaction
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5832000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-5467214 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
231669 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2381921 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
2022241 usd
CY2023Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1531918 usd
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10647350 shares
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14156408 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5126515 usd
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GoodwillForeignCurrencyTranslationGainLoss
-356592 usd
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
10000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10647350 shares
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18926331 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
7148756 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
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WDSP Amortizationlongtermassets
Amortizationlongtermassets
7467 usd
WDSP Amortizationlongtermassets
Amortizationlongtermassets
27467 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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IncreaseDecreaseInAccountsReceivable
2005392 usd
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IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Accounts And Notes Receivable
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us-gaap Deferred Other Tax Expense Benefit
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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WDSP Advancesreceived
Advancesreceived
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WDSP Advancesreceived
Advancesreceived
-7813344 usd
WDSP Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
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WDSP Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
-154684 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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WDSP Cashpaidforassets
Cashpaidforassets
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WDSP Cashpaidintangibleassets
Cashpaidintangibleassets
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5467214 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
231669 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2381921 usd
WDSP Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
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WDSP Increasedecreaserightofuseasset
Increasedecreaserightofuseasset
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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WDSP Cashpaidintangibleassets
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us-gaap Sale Of Stock Consideration Received Per Transaction
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5467214 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-3454144 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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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 id="xdx_865_zXXFs2rMjs3d" style="font-size: 10pt; background-color: white"><b>Reclassification</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"> </span></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"><span style="font-size: 10pt"> </span></p>
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="font-size: 10pt; 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="font-size: 10pt; 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"><span style="font-size: 10pt"> </span></p>
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 id="xdx_865_zXXFs2rMjs3d" style="font-size: 10pt; background-color: white"><b>Reclassification</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"> </span></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"><span style="font-size: 10pt"> </span></p>
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="font-size: 10pt; 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="font-size: 10pt; 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"><span style="font-size: 10pt"> </span></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"><span id="xdx_86E_zJCu6D2BKeV" style="font-size: 10pt; color: #000000"><b>Revenue recognition</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; 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"><span style="background-color: white"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="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 April 30, 2024.</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 April 30, 2024, no advance received are 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 April 30, 2024, 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 such, the company recognized crypto miner sales net of costs. As of April 30, 2024, $1,781,279 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 April 30, 2024, the Company had no advance received related to the educational institution program.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-size: 10pt; background-color: white"></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>
CY2023Q2 WDSP Invfrom Gforce
InvfromGforce
4120 usd
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="font-size: 10pt; color: #000000"><b>Revenue recognition</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt; 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"><span style="background-color: white"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="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 April 30, 2024.</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 April 30, 2024, no advance received are 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 April 30, 2024, 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 such, the company recognized crypto miner sales net of costs. As of April 30, 2024, $1,781,279 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 April 30, 2024, the Company had no advance received related to the educational institution program.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-size: 10pt; background-color: white"></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>
WDSP Concentrationofpurchases
Concentrationofpurchases
<p id="xdx_846_ecustom--Concentrationofpurchases_zt5pb194bUFj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_86E_zjVpupuOWTmk" style="font-size: 10pt; background-color: white"><b>Concentration of Purchases</b></span><span style="font-size: 10pt; 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> <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 April 30, 2024, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_906_ecustom--InvfromGforce_c20240201__20240430_ztlRZvIlX4v7">608,178</span></span><span style="font-size: 8pt">. </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 April 30, 2023, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_900_ecustom--InvfromGforce_c20230201__20230430_z4SSYyCeAkE2">4,120</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-size: 10pt; 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>
CY2024Q2 WDSP Invfrom Gforce
InvfromGforce
608178 usd
CY2023Q2 WDSP Invfrom Gforce
InvfromGforce
4120 usd
CY2024Q2 WDSP Revfromdronenet
Revfromdronenet
1484355 usd
CY2023Q2 WDSP Revfrom Kinoshita
RevfromKinoshita
6545672 usd
CY2024Q2 WDSP Companyworkingcapital
Companyworkingcapital
231669 usd
CY2024Q2 WDSP Workingcapitaldecrease
Workingcapitaldecrease
2150252 usd
CY2023Q2 WDSP Companyworkingcapital
Companyworkingcapital
2381921 usd
CY2024Q2 WDSP Recordednetloss
Recordednetloss
197986 usd
CY2024Q2 WDSP Usedincashflows
Usedincashflows
10616853 usd
WDSP Increasedworkingcapital
Increasedworkingcapital
11100998 usd
WDSP Concentrationofpurchases
Concentrationofpurchases
<p id="xdx_846_ecustom--Concentrationofpurchases_zt5pb194bUFj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_86E_zjVpupuOWTmk" style="font-size: 10pt; background-color: white"><b>Concentration of Purchases</b></span><span style="font-size: 10pt; 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> <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 April 30, 2024, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_906_ecustom--InvfromGforce_c20240201__20240430_ztlRZvIlX4v7">608,178</span></span><span style="font-size: 8pt">. </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 April 30, 2023, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_900_ecustom--InvfromGforce_c20230201__20230430_z4SSYyCeAkE2">4,120</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-size: 10pt; 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>
CY2024Q2 WDSP Invfrom Gforce
InvfromGforce
608178 usd
CY2023Q2 WDSP Invfrom Gforce
InvfromGforce
4120 usd
WDSP Concentrationofrevenues
Concentrationofrevenues
<p id="xdx_84E_ecustom--Concentrationofrevenues_zrrGejthrnD2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_860_znxpFNtOrA2f" style="font-size: 10pt; background-color: white"><b>Concentration of Revenues</b></span><span style="font-size: 10pt; 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> <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 April 30, 2024, 39.34% of total revenue was generated from Drone Net, Inc., in the amount of $<span id="xdx_906_ecustom--Revfromdronenet_c20240201__20240430_zFOvX9BTNYx3">1,484,355</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 April 30, 2024, 17.51% of total revenue was generated from I’rom Co. Ltd. in the amount of $<span id="xdx_909_ecustom--Revfromiromco_c20240201__20240430_zYitTYrKXtVf">660,752</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 April 30, 2024, 13.16% of total revenue was generated from TSUBOI Industries Co., Ltd. in the amount of $<span id="xdx_90D_ecustom--Revfromtsuboi_c20240201__20240430_zHoCILVQtdXf">496,813</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 April 30, 2023, 28.14% of total revenue was generated from Kinoshita Group in the amount of $<span id="xdx_90E_ecustom--RevfromKinoshita_c20230201__20230430_zcqE8yGY919j">6,545,672</span>.</span></p>
CY2024Q2 WDSP Revfromdronenet
Revfromdronenet
1484355 usd
CY2024Q2 WDSP Revfromiromco
Revfromiromco
660752 usd
WDSP Concentrationofpurchases
Concentrationofpurchases
<p id="xdx_846_ecustom--Concentrationofpurchases_zt5pb194bUFj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_86E_zjVpupuOWTmk" style="font-size: 10pt; background-color: white"><b>Concentration of Purchases</b></span><span style="font-size: 10pt; 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> <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 April 30, 2024, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_906_ecustom--InvfromGforce_c20240201__20240430_ztlRZvIlX4v7">608,178</span></span><span style="font-size: 8pt">. </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 April 30, 2023, 100% of the inventories were purchased from G-Force in the amount of $<span id="xdx_900_ecustom--InvfromGforce_c20230201__20230430_z4SSYyCeAkE2">4,120</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="font-size: 10pt; 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>
CY2024Q2 WDSP Invfrom Gforce
InvfromGforce
608178 usd
CY2023Q2 WDSP Invfrom Gforce
InvfromGforce
4120 usd
WDSP Concentrationofrevenues
Concentrationofrevenues
<p id="xdx_84E_ecustom--Concentrationofrevenues_zrrGejthrnD2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_860_znxpFNtOrA2f" style="font-size: 10pt; background-color: white"><b>Concentration of Revenues</b></span><span style="font-size: 10pt; 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> <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 April 30, 2024, 39.34% of total revenue was generated from Drone Net, Inc., in the amount of $<span id="xdx_906_ecustom--Revfromdronenet_c20240201__20240430_zFOvX9BTNYx3">1,484,355</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 April 30, 2024, 17.51% of total revenue was generated from I’rom Co. Ltd. in the amount of $<span id="xdx_909_ecustom--Revfromiromco_c20240201__20240430_zYitTYrKXtVf">660,752</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 April 30, 2024, 13.16% of total revenue was generated from TSUBOI Industries Co., Ltd. in the amount of $<span id="xdx_90D_ecustom--Revfromtsuboi_c20240201__20240430_zHoCILVQtdXf">496,813</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 April 30, 2023, 28.14% of total revenue was generated from Kinoshita Group in the amount of $<span id="xdx_90E_ecustom--RevfromKinoshita_c20230201__20230430_zcqE8yGY919j">6,545,672</span>.</span></p>
CY2024Q2 WDSP Revfromdronenet
Revfromdronenet
1484355 usd
CY2024Q2 WDSP Revfromiromco
Revfromiromco
660752 usd
CY2024Q2 WDSP Revfromtsuboi
Revfromtsuboi
496813 usd
CY2024Q2 WDSP Companyworkingcapital
Companyworkingcapital
231669 usd
CY2024Q2 WDSP Workingcapitaldecrease
Workingcapitaldecrease
2150252 usd
CY2023Q2 WDSP Companyworkingcapital
Companyworkingcapital
2381921 usd
CY2024Q2 WDSP Usedincashflows
Usedincashflows
10616853 usd
WDSP Increasedworkingcapital
Increasedworkingcapital
11100998 usd
WDSP Accountsreceivablepolicy
Accountsreceivablepolicy
<p id="xdx_807_ecustom--Accountsreceivablepolicy_zsE4H3W30lE4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_828_zYREZWEFeksh" style="font-size: 10pt; background-color: white"><b>NOTE 4 - ACCOUNTS RECEIVABLE</b></span><span style="font-size: 10pt; background-color: white">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">Accounts receivable from customers totaled $<span id="xdx_905_ecustom--Accountsreceivablefromcustomers_iI_c20240430_zr2gtUSqGlPd">0</span> as of April 30, 2024 and $<span id="xdx_904_ecustom--Accountsreceivablefromcustomers_iI_c20231031_zGDlPBBY5pK9">125,981</span> as of October 31, 2023. No bad debt allowance was provided as of April 30, 2024 and October 31, 2023.</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 year 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_90E_ecustom--Accountsreceivablefromdronenet_c20221101__20231031_zAA3yAAqghz8">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>
CY2024Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
13230732 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
5122849 usd
WDSP Concentrationofrevenues
Concentrationofrevenues
<p id="xdx_84E_ecustom--Concentrationofrevenues_zrrGejthrnD2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_860_znxpFNtOrA2f" style="font-size: 10pt; background-color: white"><b>Concentration of Revenues</b></span><span style="font-size: 10pt; 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> <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 April 30, 2024, 39.34% of total revenue was generated from Drone Net, Inc., in the amount of $<span id="xdx_906_ecustom--Revfromdronenet_c20240201__20240430_zFOvX9BTNYx3">1,484,355</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 April 30, 2024, 17.51% of total revenue was generated from I’rom Co. Ltd. in the amount of $<span id="xdx_909_ecustom--Revfromiromco_c20240201__20240430_zYitTYrKXtVf">660,752</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 April 30, 2024, 13.16% of total revenue was generated from TSUBOI Industries Co., Ltd. in the amount of $<span id="xdx_90D_ecustom--Revfromtsuboi_c20240201__20240430_zHoCILVQtdXf">496,813</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 April 30, 2023, 28.14% of total revenue was generated from Kinoshita Group in the amount of $<span id="xdx_90E_ecustom--RevfromKinoshita_c20230201__20230430_zcqE8yGY919j">6,545,672</span>.</span></p>
CY2024Q2 WDSP Revfromdronenet
Revfromdronenet
1484355 usd
CY2024Q2 WDSP Revfromiromco
Revfromiromco
660752 usd
CY2024Q2 WDSP Revfromtsuboi
Revfromtsuboi
496813 usd
CY2023Q2 WDSP Revfrom Kinoshita
RevfromKinoshita
6545672 usd
CY2024Q2 WDSP Companyworkingcapital
Companyworkingcapital
231669 usd
CY2024Q2 WDSP Workingcapitaldecrease
Workingcapitaldecrease
2150252 usd
CY2023Q2 WDSP Companyworkingcapital
Companyworkingcapital
2381921 usd
CY2024Q2 WDSP Recordednetloss
Recordednetloss
197986 usd
CY2024Q2 WDSP Usedincashflows
Usedincashflows
10616853 usd
WDSP Increasedworkingcapital
Increasedworkingcapital
11100998 usd
CY2023 WDSP Accountsreceivablefromdronenet
Accountsreceivablefromdronenet
125811 usd
CY2024Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
13230732 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
5122849 usd
CY2024Q2 WDSP Additionallongtermassetspurchased
Additionallongtermassetspurchased
29962 usd
CY2024 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
27399 usd
CY2023 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
51131 usd
CY2024Q2 WDSP Revfromtsuboi
Revfromtsuboi
496813 usd
CY2023Q2 WDSP Revfrom Kinoshita
RevfromKinoshita
6545672 usd
CY2023Q2 WDSP Companyworkingcapital
Companyworkingcapital
2381921 usd
WDSP Increasedworkingcapital
Increasedworkingcapital
11100998 usd
WDSP Accountsreceivablepolicy
Accountsreceivablepolicy
<p id="xdx_807_ecustom--Accountsreceivablepolicy_zsE4H3W30lE4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_828_zYREZWEFeksh" style="font-size: 10pt; background-color: white"><b>NOTE 4 - ACCOUNTS RECEIVABLE</b></span><span style="font-size: 10pt; background-color: white">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">Accounts receivable from customers totaled $<span id="xdx_905_ecustom--Accountsreceivablefromcustomers_iI_c20240430_zr2gtUSqGlPd">0</span> as of April 30, 2024 and $<span id="xdx_904_ecustom--Accountsreceivablefromcustomers_iI_c20231031_zGDlPBBY5pK9">125,981</span> as of October 31, 2023. No bad debt allowance was provided as of April 30, 2024 and October 31, 2023.</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 year 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_90E_ecustom--Accountsreceivablefromdronenet_c20221101__20231031_zAA3yAAqghz8">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>
CY2023 WDSP Accountsreceivablefromdronenet
Accountsreceivablefromdronenet
125811 usd
CY2024Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
13230732 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
5122849 usd
CY2024 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
27399 usd
CY2023 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
26019 usd
CY2023 WDSP Longtermassetspurchased
Longtermassetspurchased
9649 usd
CY2023 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
51131 usd
CY2024Q2 WDSP Advancereceivedasof
Advancereceivedasof
1781279 usd
CY2023Q4 WDSP Advancereceivedasof
Advancereceivedasof
3358529 usd
WDSP Accountsreceivablepolicy
Accountsreceivablepolicy
<p id="xdx_807_ecustom--Accountsreceivablepolicy_zsE4H3W30lE4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_828_zYREZWEFeksh" style="font-size: 10pt; background-color: white"><b>NOTE 4 - ACCOUNTS RECEIVABLE</b></span><span style="font-size: 10pt; background-color: white">  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">Accounts receivable from customers totaled $<span id="xdx_905_ecustom--Accountsreceivablefromcustomers_iI_c20240430_zr2gtUSqGlPd">0</span> as of April 30, 2024 and $<span id="xdx_904_ecustom--Accountsreceivablefromcustomers_iI_c20231031_zGDlPBBY5pK9">125,981</span> as of October 31, 2023. No bad debt allowance was provided as of April 30, 2024 and October 31, 2023.</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 year 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_90E_ecustom--Accountsreceivablefromdronenet_c20221101__20231031_zAA3yAAqghz8">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>
CY2024Q2 WDSP Accountsreceivablefromcustomers
Accountsreceivablefromcustomers
0 usd
CY2023Q4 WDSP Accountsreceivablefromcustomers
Accountsreceivablefromcustomers
125981 usd
CY2023 WDSP Accountsreceivablefromdronenet
Accountsreceivablefromdronenet
125811 usd
CY2024Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
13230732 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
5122849 usd
CY2024 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
27399 usd
CY2023 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
26019 usd
CY2023 WDSP Longtermassetspurchased
Longtermassetspurchased
9649 usd
CY2024Q2 WDSP Additionallongtermassetspurchased
Additionallongtermassetspurchased
29962 usd
CY2023 WDSP Depreciationexpenseperiod
Depreciationexpenseperiod
26019 usd
CY2023 WDSP Longtermassetspurchased
Longtermassetspurchased
9649 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
311642 usd
CY2023 WDSP Researchanddevelopmentexpensesduration
Researchanddevelopmentexpensesduration
12889323 usd
CY2023 WDSP Producingtechnologyexpensesduration
Producingtechnologyexpensesduration
5077179 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
117 usd
CY2024Q2 WDSP Advancereceivedasof
Advancereceivedasof
1781279 usd
CY2023Q4 WDSP Advancereceivedasof
Advancereceivedasof
3358529 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
311642 usd
CY2023 WDSP Researchanddevelopmentexpensesduration
Researchanddevelopmentexpensesduration
12889323 usd
CY2023 WDSP Producingtechnologyexpensesduration
Producingtechnologyexpensesduration
5077179 usd
CY2024Q2 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
81956 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18758 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14911 usd
CY2023Q2 WDSP Healthinsurance
Healthinsurance
5568 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
311642 usd
CY2023 WDSP Researchanddevelopmentexpensesduration
Researchanddevelopmentexpensesduration
12889323 usd
CY2023 WDSP Producingtechnologyexpensesduration
Producingtechnologyexpensesduration
5077179 usd
CY2023 WDSP Paidincometaxduringyear
Paidincometaxduringyear
3416587 usd
CY2024Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
223 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
117 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
311642 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18717456 usd
CY2023 WDSP Researchanddevelopmentexpensesduration
Researchanddevelopmentexpensesduration
12889323 usd
CY2023 WDSP Producingtechnologyexpensesduration
Producingtechnologyexpensesduration
5077179 usd
CY2023 WDSP Generalresearchanddevelopmentduration
Generalresearchanddevelopmentduration
750954 usd
CY2023 WDSP Netlossbeforetaxforyear
Netlossbeforetaxforyear
3416587 usd
CY2023 WDSP Taxcreditforyear
Taxcreditforyear
2092461 usd
CY2024Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
79374 usd
CY2023Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
3875588 usd
CY2024Q2 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
81956 usd
CY2023Q2 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
144775 usd
CY2024Q2 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
81956 usd
CY2024Q2 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14911 usd
CY2023Q2 WDSP Healthinsurance
Healthinsurance
5568 usd
CY2023Q2 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2023Q4 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
1103686 usd
CY2024Q2 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
81956 usd
CY2023Q2 WDSP Recognizedoperatingexpensesyear
Recognizedoperatingexpensesyear
144775 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14911 usd
CY2023Q2 WDSP Healthinsurance
Healthinsurance
5568 usd
CY2023Q2 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18758 usd
CY2024Q2 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14911 usd
CY2023Q2 WDSP Healthinsurance
Healthinsurance
5568 usd
CY2023Q2 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2024Q2 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
410234 usd
CY2023Q4 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
1103686 usd
CY2023Q2 WDSP Advancedforexpensesasof
Advancedforexpensesasof
458 usd
CY2024Q2 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
410234 usd
CY2023Q4 WDSP Companyaccruedexpensesasof
Companyaccruedexpensesasof
1103686 usd

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