2023 Q2 Form 10-K Financial Statement
#000182912623002758 Filed on April 14, 2023
Income Statement
Concept | 2023 Q2 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $54.77K | $80.91K | $89.26K |
YoY Change | 1269.23% | ||
Cost Of Revenue | $39.83K | $51.25K | $51.72K |
YoY Change | |||
Gross Profit | $14.94K | $29.66K | $37.54K |
YoY Change | 273.53% | ||
Gross Profit Margin | 27.28% | 36.66% | 42.05% |
Selling, General & Admin | $139.4K | $91.34K | $366.4K |
YoY Change | 140.6% | 205.28% | 345.59% |
% of Gross Profit | 933.2% | 307.96% | 975.97% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $84.20K | $210.5K | |
YoY Change | |||
% of Gross Profit | 283.88% | 560.79% | |
Operating Expenses | $139.4K | $175.5K | $2.387M |
YoY Change | 39.37% | 486.66% | 2803.05% |
Operating Profit | -$124.5K | -$145.9K | -$2.349M |
YoY Change | 29.62% | ||
Interest Expense | $6.099K | $2.133K | |
YoY Change | 3076.56% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $8.214K | -$1.330K | -$2.003K |
YoY Change | -13138.1% | ||
Pretax Income | -$116.3K | -$1.957M | -$2.351M |
YoY Change | 20.99% | 6441.84% | 2759.95% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$116.3K | -$1.957M | -$2.351M |
YoY Change | 20.99% | 6441.84% | 2759.94% |
Net Earnings / Revenue | -212.3% | -2419.13% | -2634.38% |
Basic Earnings Per Share | -$0.01 | -$0.14 | |
Diluted Earnings Per Share | -$0.01 | -$0.12 | -$0.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 17.53M shares | 17.41M shares | 17.08M shares |
Diluted Shares Outstanding | 17.53M shares | 17.08M shares |
Balance Sheet
Concept | 2023 Q2 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $113.2K | $37.15K | $37.15K |
YoY Change | 309.4% | ||
Cash & Equivalents | $113.2K | $37.15K | $37.15K |
Short-Term Investments | |||
Other Short-Term Assets | $8.390K | $155.4K | $155.4K |
YoY Change | 217.8% | ||
Inventory | |||
Prepaid Expenses | $7.299K | $155.4K | |
Receivables | $15.42K | $28.15K | $28.15K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $150.2K | $220.6K | $220.7K |
YoY Change | 365.35% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | $1.010M | ||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.094K | $0.00 | $0.00 |
YoY Change | -99.94% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $150.2K | $220.6K | $220.7K |
Total Long-Term Assets | $1.094K | $0.00 | $0.00 |
Total Assets | $151.3K | $220.6K | $220.7K |
YoY Change | -92.47% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $64.39K | $23.75K | $23.75K |
YoY Change | 227.43% | 298.36% | 298.49% |
Accrued Expenses | $15.70K | $121.0K | $121.0K |
YoY Change | 25.27% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $770.2K | $561.8K | $561.8K |
YoY Change | 114.38% | 417.53% | 417.53% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $950.3K | $706.6K | $706.6K |
YoY Change | 142.75% | 517.01% | 517.03% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $950.3K | $706.6K | $706.6K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $950.3K | $706.6K | $706.6K |
YoY Change | 142.75% | 517.01% | 517.03% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$104.6M | -$103.8M | |
YoY Change | 2.83% | 2.32% | |
Common Stock | $17.53K | $17.41K | |
YoY Change | 0.66% | 5.45% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$799.0K | -$486.0K | -$486.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $151.3K | $220.6K | $220.7K |
YoY Change | -92.47% |
Cashflow Statement
Concept | 2023 Q2 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$116.3K | -$1.957M | -$2.351M |
YoY Change | 20.99% | 6441.84% | 2759.94% |
Depreciation, Depletion And Amortization | $84.20K | $210.5K | |
YoY Change | |||
Cash From Operating Activities | -$70.80K | -$131.3K | -$385.7K |
YoY Change | 18.26% | 324.72% | 405.75% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | -$29.82K | ||
YoY Change | |||
Other Investing Activities | $0.00 | $14.33K | $29.82K |
YoY Change | -100.0% | ||
Cash From Investing Activities | $0.00 | $14.33K | $29.82K |
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 | 90.33K | 140.6K | $393.0K |
YoY Change | 56.52% | 354.84% | 415.37% |
NET CHANGE | |||
Cash From Operating Activities | -70.80K | -131.3K | -$385.7K |
Cash From Investing Activities | 0.000 | 14.33K | $29.82K |
Cash From Financing Activities | 90.33K | 140.6K | $393.0K |
Net Change In Cash | 19.53K | 23.64K | $37.15K |
YoY Change | -29.34% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$70.80K | -$131.3K | -$385.7K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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37148 | usd |
CY2012Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
102238200 | shares |
CY2012Q1 | wnlv |
Issuance Of Common Stock For Donated Service
IssuanceOfCommonStockForDonatedService
|
98984744 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1 for 250 | |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1810116 | usd |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
37148 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1 for 250 | |
CY2022Q4 | wnlv |
Working Capital Deficit
WorkingCapitalDeficit
|
485967 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-103845089 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84F_eus-gaap--UseOfEstimates_zLWol6TQHrJ8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_861_zX6sXJV7RG8a">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the 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 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2021Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
17411217 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17411217 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
4500000000 | shares |
CY2022 | wnlv |
Issuance Of Common Stock For Acquistions
IssuanceOfCommonStockForAcquistions
|
1980000 | usd |
CY2022 | wnlv |
Net Liabilities Assumed
NetLiabilitiesAssumed
|
55288 | usd |
CY2022 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
2035288 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
29241 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
|
2637 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
31878 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
|
26916 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
|
60250 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
87166 | usd |
CY2022Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
55288 | usd |
CY2022 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
30000 | usd |
CY2022Q4 | us-gaap |
Share Price
SharePrice
|
2.20 | |
CY2022 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
2035288 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
1010489 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1010489 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1810116 | usd |
CY2022 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
CY2021 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
0 | usd |
CY2022 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
210505 | usd |
CY2021 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
0 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
4500000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
4500000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
17411217 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17411217 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
16510563 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
16510563 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
855000 | shares |
CY2021 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
855000 | shares |
CY2022 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
3420 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
300000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
300000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
227838680 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
227838680 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
227838680 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
227838680 | shares |
CY2022 | us-gaap |
Preferred Stock Conversion Basis
PreferredStockConversionBasis
|
Each share of preferred stock is convertible to 50 shares of common stock. | |
CY2022Q4 | us-gaap |
Other Commitment
OtherCommitment
|
0 | usd |
CY2022Q4 | wnlv |
Notes Payable Related Partie Classified Current
NotesPayableRelatedPartieClassifiedCurrent
|
561830 | usd |
CY2021Q4 | wnlv |
Notes Payable Related Partie Classified Current
NotesPayableRelatedPartieClassifiedCurrent
|
108561 | usd |