10-K Filing

AIADVERTISING, INC. CIK: 743758 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001065949-17-000125`
Period End Date	20170630
Filing Date	20171006
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	clwd-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 44 Cash Flow Statement 60 Stockholders Equity 26

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$19.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	28,025.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	28,025.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.87K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$427.87K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$383.89K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid and other current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.29K	USD	Point-in-time
Prepaid and other current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.43K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$436.05K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$489.95K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.25M	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$55.74K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	129.90M	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$73.16K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	129.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
Lease deposit	`SecurityDeposit`	$3.50K	USD	Point-in-time
Lease deposit	`SecurityDeposit`	$3.50K	USD	Point-in-time
Internet domain	`OtherIndefiniteLivedIntangibleAssets`	$20.20K	USD	Point-in-time
Internet domain	`OtherIndefiniteLivedIntangibleAssets`	$20.20K	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.35M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.62M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$1.37M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$1.65M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.21M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$164.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$177.38K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$324.09K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$267.81K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$205.37K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$83.54K	USD	Point-in-time
Deferred income and customer deposit	`DeferredRevenueAndCreditsCurrent`	$632.13K	USD	Point-in-time
Deferred income and customer deposit	`DeferredRevenueAndCreditsCurrent`	$335.64K	USD	Point-in-time
Convertible notes and interest payable, current, net	`ConvertibleNotesPayableCurrent`	$93.69K	USD	Point-in-time
Convertible notes and interest payable, current, net	`ConvertibleNotesPayableCurrent`	$87.09K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$1.27M	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$461.98K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.69M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued expenses, long term	`OtherAccruedLiabilitiesNoncurrent`	$209.90K	USD	Point-in-time
Accrued expenses, long term	`OtherAccruedLiabilitiesNoncurrent`	$213.75K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$213.75K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$209.90K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.90M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.63M	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 Authorized shares: Series A Preferred stock; 10,000 authorized, 10,000 issued and outstanding shares; Series B Preferred stock; 25,000 authorized, 18,025 shares issued and outstanding;	`PreferredStockValue`	$28.00	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 Authorized shares: Series A Preferred stock; 10,000 authorized, 10,000 issued and outstanding shares; Series B Preferred stock; 25,000 authorized, 18,025 shares issued and outstanding;	`PreferredStockValue`	$28.00	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 authorized shares; 130,252,778 and 129,899,595 shares issued and outstanding, respectively	`CommonStockValue`	$130.25K	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 authorized shares; 130,252,778 and 129,899,595 shares issued and outstanding, respectively	`CommonStockValue`	$129.90K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$18.55M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$18.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.09M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.04M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-2.82M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$583.25K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.21M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.86M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$2.08M	USD	Annual
REVENUE	`Revenues`	$2.93M	USD	Annual
Salaries and outside services	`SalariesAndWages`	$2.62M	USD	Annual
Salaries and outside services	`SalariesAndWages`	$3.18M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$902.99K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.07M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$485.99K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$502.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$183.77K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$300.75K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$4.36M	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$4.89M	USD	Annual
LOSS FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-1.96M	USD	Annual
LOSS FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-2.28M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$-10.12K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$658.00	USD	Annual
Gain (loss) on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-329.00	USD	Annual
Gain (loss) on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$21.68K	USD	Annual
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-559.87K	USD	Annual
Gain (loss) on changes in derivative liability	`DerivativeGainLossOnDerivativeNet`	$-3.26M	USD	Annual
Gain (loss) on changes in derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Interest expense	`InterestExpense`	$1.39M	USD	Annual
Interest expense	`InterestExpense`	$98.34K	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-5.21M	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-86.77K	USD	Annual
LOSS FROM OPERATIONS BEFORE PROVISION FOR TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-7.49M	USD	Annual
LOSS FROM OPERATIONS BEFORE PROVISION FOR TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.04M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$6.80K	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$400.00	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.04M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-7.49M	USD	Annual
PREFERRED DIVIDEND	`DividendsPreferredStock`	$80.00K	USD	Annual
PREFERRED DIVIDEND	`DividendsPreferredStock`	$60.00K	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.12M	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.55M	USD	Annual
BASIC	`EarningsPerShareBasic`	$-0.07	USD	Annual
BASIC	`EarningsPerShareBasic`	$-0.02	USD	Annual
DILUTED	`EarningsPerShareDiluted`	$-0.07	USD	Annual
DILUTED	`EarningsPerShareDiluted`	$-0.02	USD	Annual
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	106.26M	shares	Annual
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	130.25M	shares	Annual
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.25M	shares	Annual
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	106.26M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.04M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.49M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$183.77K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$300.75K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-35.09K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$31.19K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$485.99K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$502.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.22M	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
(Gain) loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-329.00	USD	Annual
(Gain) loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$21.68K	USD	Annual
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-559.87K	USD	Annual
(Gain)/loss on derivative liability	`DerivativeGainLossOnDerivativeNet`	$-3.26M	USD	Annual
(Gain)/loss on derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-79.06K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.39K	USD	Annual
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.86K	USD	Annual
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.25K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.61K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$76.83K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$202.87K	USD	Annual
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$296.49K	USD	Annual
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$323.64K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.60K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$131.33K	USD	Annual
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-867.85K	USD	Annual
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.08M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.20K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.91K	USD	Annual
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$244.00	USD	Annual
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.64K	USD	Annual
Net cash on acquisition	`CashAcquiredFromAcquisition`	$22.77K	USD	Annual
Net cash on acquisition	`CashAcquiredFromAcquisition`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-3.18K	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$13.73K	USD	Annual
Dividend paid	`PaymentsOfDividends`	$40.00K	USD	Annual
Dividend paid	`PaymentsOfDividends`	$60.00K	USD	Annual
Net proceeds on line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Net proceeds on line of credit	`ProceedsFromLinesOfCredit`	$121.83K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$773.50K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$1.16M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$835.33K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.12M	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.61K	USD	Annual
NET INCREASE/(DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.79K	USD	Annual
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$19.05K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$30.87K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$19.05K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$30.87K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$12.53K	USD	Annual
Interest paid	`InterestPaidNet`	$47.22K	USD	Annual
Taxes paid	`IncomeTaxesPaidNet`	$3.63K	USD	Annual
Taxes paid	`IncomeTaxesPaidNet`	$8.55K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Balance Common Stock, shares	`CommonStockSharesOutstanding`	129.90M	shares	Point-in-time
Balance Common Stock, shares	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
Balance, value	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-2.82M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$583.25K	USD	Point-in-time
Issuance of Series A Preferred stock, value	`StockIssuedDuringPeriodValueAcquisitions`	$2.00M	USD	Annual
Issuance of Series B Preferred stock, value	`StockIssuedDuringPeriodValueNewIssues`	$2.04M	USD	Annual
Reclassification of derivative accounting	`ReclassificationOfDerivativeAccounting`	$5.64M	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$788.91K	USD	Annual
Warrant conversion, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Dividend on Series A Preferred stock	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-80.00K	USD	Annual
Dividend on Series A Preferred stock	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-60.00K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$502.00K	USD	Annual
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$485.99K	USD	Annual
Share correction, value	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-2.04M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.49M	USD	Annual
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Balance Common Stock, shares	`CommonStockSharesOutstanding`	129.90M	shares	Point-in-time
Balance Common Stock, shares	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
Balance, value	`StockholdersEquity`	$-1.04M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-2.82M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$583.25K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.