10-Q Filing

AIADVERTISING, INC. CIK: 743758 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001065949-17-000140`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	clwd-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 44 Cash Flow Statement 54 Stockholders Equity 18

Balance Sheet 74 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`	$49.66K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	132,450.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$107.37K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	28,025.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.87K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.27K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	132,450.00	shares	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$842.27K	USD	Point-in-time
Accounts receivable, net - related party	`AccountsReceivableRelatedPartiesCurrent`	$202.61K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net - related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Prepaid and other current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.29K	USD	Point-in-time
Prepaid and other current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.23K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	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
TOTAL CURRENT ASSETS	`AssetsCurrent`	$436.05K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.25M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.19M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$55.74K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$50.20K	USD	Point-in-time
Lease deposit	`SecurityDeposit`	$13.30K	USD	Point-in-time
Lease deposit	`SecurityDeposit`	$3.50K	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$13.02M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.37M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$1.37M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$13.03M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.27M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$664.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$164.13K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$324.09K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$503.69K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$205.37K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$282.18K	USD	Point-in-time
Deferred income and customer deposit	`DeferredRevenueAndCreditsCurrent`	$821.17K	USD	Point-in-time
Deferred income and customer deposit	`DeferredRevenueAndCreditsCurrent`	$632.13K	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`	$95.35K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$215.45K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$1.27M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.69M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Purchase price contingency	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$928.75K	USD	Point-in-time
Purchase price contingency	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Accrued expenses, long term	`OtherAccruedLiabilitiesNoncurrent`	$208.85K	USD	Point-in-time
Accrued expenses, long term	`OtherAccruedLiabilitiesNoncurrent`	$209.90K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$209.90K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$2.48M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.90M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.06M	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; Series C Preferred Stock; 25,000 authorized, 14,425 and zero issued and outstanding shares at September 30, 2017 and June 30, 2017, respectively; Series D Preferred Stock; 90,000 authorized, 90,000 and zero issued and outstanding shares at September 30, 2017 and June 30, 2017	`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; Series C Preferred Stock; 25,000 authorized, 14,425 and zero issued and outstanding shares at September 30, 2017 and June 30, 2017, respectively; Series D Preferred Stock; 90,000 authorized, 90,000 and zero issued and outstanding shares at September 30, 2017 and June 30, 2017	`PreferredStockValue`	$132.00	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 authorized shares; 130,252,778 shares issued and outstanding	`CommonStockValue`	$130.25K	USD	Point-in-time
Common stock, $0.001 par value; 2,000,000,000 authorized shares; 130,252,778 shares issued and outstanding	`CommonStockValue`	$130.25K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$29.57M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$18.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.14M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$-1.04M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$9.21M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.86M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$14.27M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueServicesNet`	$1.09M	USD	1 Quarter
REVENUE	`SalesRevenueServicesNet`	$1.63M	USD	1 Quarter
REVENUE - related party	`RevenueFromRelatedParties`	$754.38K	USD	1 Quarter
REVENUE - related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$1.09M	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$2.39M	USD	1 Quarter
Salaries and outside services	`SalariesAndWages`	$1.22M	USD	1 Quarter
Salaries and outside services	`SalariesAndWages`	$872.81K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$250.17K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.18M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$132.82K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$126.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$267.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.33K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.80M	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.31M	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-217.16K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-410.87K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$69.00	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Gain (loss) on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain (loss) on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$14.26K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.02K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.74K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$2.59K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-24.02K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE PROVISION FOR TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-214.57K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE PROVISION FOR TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-434.89K	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-78.81K	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-214.57K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-356.07K	USD	1 Quarter
PREFERRED DIVIDEND - SERIES A	`DividendsPreferredStock`	$20.00K	USD	1 Quarter
PREFERRED DIVIDEND - SERIES A	`DividendsPreferredStock`	$20.00K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-234.57K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-376.07K	USD	1 Quarter
BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
BASIC	`EarningsPerShareBasic`	-	USD	1 Quarter
DILUTED	`EarningsPerShareDiluted`	-	USD	1 Quarter
DILUTED	`EarningsPerShareDiluted`	-	USD	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	129.90M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	130.25M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.90M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.25M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-214.57K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-356.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$267.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.33K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-13.72K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$4.16K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$132.82K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$126.53K	USD	1 Quarter
(Gain) loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Gain) loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$14.26K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$665.14K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-93.65K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.25K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.74K	USD	1 Quarter
Deferred Tax Asset	`IncreaseDecreaseInOtherOperatingAssets`	$78.81K	USD	1 Quarter
Deferred Tax Asset	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$115.97K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$500.58K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$141.29K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.06K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-331.64K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-528.13K	USD	1 Quarter
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-603.40K	USD	1 Quarter
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-166.42K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.89K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$497.00	USD	1 Quarter
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.65K	USD	1 Quarter
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash on acquisition	`CashAcquiredFromAcquisition`	$200.00K	USD	1 Quarter
Net cash on acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$10.76K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$199.50K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$20.00K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$20.00K	USD	1 Quarter
Net proceeds (payments) on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.73K	USD	1 Quarter
Net proceeds (payments) on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$76.81K	USD	1 Quarter
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$140.00K	USD	1 Quarter
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$423.60K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$117.27K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$480.41K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$76.50K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.39K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$107.37K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.87K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.27K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$107.37K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$30.87K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.27K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$16.27K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$4.74K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	$3.36K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	132,450.00	shares	Point-in-time
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Balance Common Stock, shares	`CommonStockSharesOutstanding`	130.25M	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`	$9.21M	USD	Point-in-time
Issuance of Series C Preferred stock, value	`DebtConversionConvertedInstrumentAmount1`	$1.49M	USD	1 Quarter
Issuance of Series D Preferred stock, value	`StockIssuedDuringPeriodValueAcquisitions`	$9.00M	USD	1 Quarter
Dividend on Series A Preferred stock	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$20.00K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$132.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-214.57K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-356.07K	USD	1 Quarter
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	132,450.00	shares	Point-in-time
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	28,025.00	shares	Point-in-time
Balance Common Stock, shares	`CommonStockSharesOutstanding`	130.25M	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`	$9.21M	USD	Point-in-time

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