2024 Q2 Form 10-Q Financial Statement

#000147793224005146 Filed on August 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q2
Revenue $12.50K $54.77K
YoY Change -77.18% 1269.23%
Cost Of Revenue $5.840K $39.83K
YoY Change -85.34%
Gross Profit $6.660K $14.94K
YoY Change -55.42% 273.53%
Gross Profit Margin 53.28% 27.28%
Selling, General & Admin $148.0K $139.4K
YoY Change 6.15% 140.6%
% of Gross Profit 2222.37% 933.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $148.0K $139.4K
YoY Change 6.16% 39.37%
Operating Profit -$141.4K -$124.5K
YoY Change 13.55% 29.62%
Interest Expense $833.00 $6.099K
YoY Change -86.34% 3076.56%
% of Operating Profit
Other Income/Expense, Net $87.61K $8.214K
YoY Change 966.64% -13138.1%
Pretax Income -$53.74K -$116.3K
YoY Change -53.78% 20.99%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$53.74K -$116.3K
YoY Change -53.78% 20.99%
Net Earnings / Revenue -429.92% -212.3%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 635.2M shares 17.53M shares
Diluted Shares Outstanding 17.53M shares

Balance Sheet

Concept 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.13K $113.2K
YoY Change -66.32% 309.4%
Cash & Equivalents $38.13K $113.2K
Short-Term Investments
Other Short-Term Assets $117.2K $8.390K
YoY Change 1296.66% 217.8%
Inventory
Prepaid Expenses $117.2K $7.299K
Receivables $19.20K $15.42K
Other Receivables $0.00 $0.00
Total Short-Term Assets $178.0K $150.2K
YoY Change 18.48% 365.35%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.830K
YoY Change
Other Assets $1.090K
YoY Change
Total Long-Term Assets $10.92K $1.094K
YoY Change 898.17% -99.94%
TOTAL ASSETS
Total Short-Term Assets $178.0K $150.2K
Total Long-Term Assets $10.92K $1.094K
Total Assets $188.9K $151.3K
YoY Change 24.84% -92.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.328K $64.39K
YoY Change -96.38% 227.43%
Accrued Expenses $58.94K $15.70K
YoY Change 275.29% 25.27%
Deferred Revenue
YoY Change
Short-Term Debt $633.9K $770.2K
YoY Change -17.69% 114.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $945.2K $950.3K
YoY Change -0.54% 142.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $945.2K $950.3K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $945.2K $950.3K
YoY Change -0.54% 142.75%
SHAREHOLDERS EQUITY
Retained Earnings -$104.8M -$104.6M
YoY Change 0.16% 2.83%
Common Stock $85.16K $17.53K
YoY Change 385.9% 0.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$756.3K -$799.0K
YoY Change
Total Liabilities & Shareholders Equity $188.9K $151.3K
YoY Change 24.84% -92.47%

Cashflow Statement

Concept 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$53.74K -$116.3K
YoY Change -53.78% 20.99%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$227.0K -$70.80K
YoY Change 220.62% 18.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $87.50K $0.00
YoY Change -100.0%
Cash From Investing Activities $87.50K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.05K 90.33K
YoY Change -85.55% 56.52%
NET CHANGE
Cash From Operating Activities -227.0K -70.80K
Cash From Investing Activities 87.50K 0.000
Cash From Financing Activities 13.05K 90.33K
Net Change In Cash -126.4K 19.53K
YoY Change -747.47% -29.34%
FREE CASH FLOW
Cash From Operating Activities -$227.0K -$70.80K
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities at the date of the condensed consolidated financial statements. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.</p>
us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The cost of revenue is comprised of labor expenses calculated based on an hourly labor rate provided by consultants and employees to produce revenue, as well as portion of office expense which is allocated to each project. Additionally, the cost of revenue includes direct expenses related to the revenues provided, such as managing the client’s Amazon sales channel through the creation of promotional advertisements to increase sales, translation of content into different languages, coordination of projects with different work teams to maximize client benefits, production crew for celebrity endorsements and video shooting, and salaries and wages of employees involved in creating and delivering these services.</p>
CY2023Q4 wnlv Advances From Related Parties
AdvancesFromRelatedParties
631157 usd
CY2022Q4 wnlv Advances From Related Parties
AdvancesFromRelatedParties
601649 usd
CY2024Q2 wnlv Advances From Related Parties
AdvancesFromRelatedParties
633933 usd
CY2023Q4 wnlv Advances From Related Parties
AdvancesFromRelatedParties
631157 usd
wnlv Income Tax Expense Benefits
IncomeTaxExpenseBenefits
-13103 usd
wnlv Income Tax Expense Benefits
IncomeTaxExpenseBenefits
-161923 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
61230 usd
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18326075 shares
CY2024Q1 wnlv Number Of Common Stock Cancelled
NumberOfCommonStockCancelled
550000000 shares
CY2024Q1 wnlv Number Of Preferred Stock Cancelled
NumberOfPreferredStockCancelled
11000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
855000 shares
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
3420 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
300000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
226688680 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
227838680 shares

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