10-Q Filing

AIADVERTISING, INC. CIK: 743758 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001065949-18-000077`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	clwd-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 44 Cash Flow Statement 56 Stockholders Equity 17

Balance Sheet 78 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`	$272.32K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$217.16K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	142,450.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$232.58K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	142,450.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$877.57K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	142,450.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$898.28K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	142,450.00	shares	Point-in-time
Accounts receivable, net - related party	`AccountsReceivableRelatedPartiesCurrent`	$398.41K	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`	$381.07K	USD	Point-in-time
Prepaid and other current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$98.80K	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
Prepaid and other current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.17K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.25M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.25M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.60M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.59M	USD	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$161.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$152.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.25M	shares	Point-in-time
Lease deposit	`SecurityDeposit`	$13.30K	USD	Point-in-time
Lease deposit	`SecurityDeposit`	$14.60K	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$10.43M	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$9.55M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$10.44M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$9.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$11.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$522.79K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$502.14K	USD	Point-in-time
Lines of credit	`LinesOfCreditCurrent`	$475.47K	USD	Point-in-time
Lines of credit	`LinesOfCreditCurrent`	$323.87K	USD	Point-in-time
Deferred income and customer deposit	`DeferredRevenueAndCreditsCurrent`	$803.04K	USD	Point-in-time
Deferred income and customer deposit	`DeferredRevenueAndCreditsCurrent`	$620.50K	USD	Point-in-time
Convertible notes and interest payable, current, net	`ConvertibleNotesPayableCurrent`	$98.64K	USD	Point-in-time
Convertible notes and interest payable, current, net	`ConvertibleNotesPayableCurrent`	$97.01K	USD	Point-in-time
Capital lease obligation, current	`CapitalLeaseObligationsCurrent`	$32.38K	USD	Point-in-time
Capital lease obligation, current	`CapitalLeaseObligationsCurrent`	$32.38K	USD	Point-in-time
Notes payable, related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.81M	USD	Point-in-time
Notes payable, related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$670.82K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.42M	USD	Point-in-time
Capital lease obligation, long term	`CapitalLeaseObligationsNoncurrent`	$46.75K	USD	Point-in-time
Capital lease obligation, long term	`CapitalLeaseObligationsNoncurrent`	$54.69K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$1.02M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$1.02M	USD	Point-in-time
Accrued expenses, long term	`OtherAccruedLiabilitiesNoncurrent`	$207.80K	USD	Point-in-time
Accrued expenses, long term	`OtherAccruedLiabilitiesNoncurrent`	$206.75K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$1.28M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.27M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.71M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (see Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (see Note 13)	`CommitmentsAndContingencies`	-	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 14,425 issued and outstanding shares at March 31, 2018 and December 31, 2017, respectively; Series D Preferred Stock; 90,000 authorized, 90,000 and 90,000 issued and outstanding shares at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$142.00	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 14,425 issued and outstanding shares at March 31, 2018 and December 31, 2017, respectively; Series D Preferred Stock; 90,000 authorized, 90,000 and 90,000 issued and outstanding shares at March 31, 2018 and December 31, 2017	`PreferredStockValue`	$142.00	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`	$29.20M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$29.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.62M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$5.92M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY (DEFICIT)	`StockholdersEquity`	$6.60M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$12.19M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$11.31M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.40M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$486.11K	USD	1 Quarter
REVENUE - related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
REVENUE - related party	`RevenueFromRelatedParties`	$1.48M	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$2.88M	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$486.11K	USD	1 Quarter
Salaries and outside services	`SalariesAndWages`	$1.48M	USD	1 Quarter
Salaries and outside services	`SalariesAndWages`	$774.17K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$252.40K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$124.10K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$160.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$253.39K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$62.91K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$3.71M	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.21M	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-832.28K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-727.47K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$-23.62K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$-2.01K	USD	1 Quarter
Gain (loss) on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain (loss) on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-22.36K	USD	1 Quarter
Interest expense	`InterestExpense`	$43.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$30.76K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-32.77K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-89.08K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE PROVISION FOR TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-760.25K	USD	1 Quarter
LOSS FROM OPERATIONS BEFORE PROVISION FOR TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-921.36K	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-129.99K	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-760.25K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-791.37K	USD	1 Quarter
PREFERRED DIVIDENDS	`DividendsPreferredStock`	$20.00K	USD	1 Quarter
PREFERRED DIVIDENDS	`DividendsPreferredStock`	$54.48K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-845.85K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-780.25K	USD	1 Quarter
BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
DILUTED	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
DILUTED	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	130.25M	shares	1 Quarter
BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	130.25M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.25M	shares	1 Quarter
DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.25M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-760.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-791.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$253.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$124.10K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$160.07K	USD	1 Quarter
(Gain) loss on sale of fixed assets	`GainLossOnSaleOfOtherAssets`	$-20.82K	USD	1 Quarter
(Gain) loss on sale of fixed assets	`GainLossOnSaleOfOtherAssets`	$-1.57K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.38K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.24K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.05K	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.63K	USD	1 Quarter
Lease deposit	`IncreaseDecreaseInOtherOperatingAssets`	$1.30K	USD	1 Quarter
Lease deposit	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$431.43K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-61.01K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$86.62K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$54.43K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$419.61K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$125.31K	USD	1 Quarter
Deferred tax liability	`IncreaseDecreaseInDeferredLiabilities`	-	USD	1 Quarter
Deferred tax liability	`IncreaseDecreaseInDeferredLiabilities`	$-129.99K	USD	1 Quarter
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-149.15K	USD	1 Quarter
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$59.75K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.46K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.53K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.41K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.66K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-120.00	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-13.80K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$20.00K	USD	1 Quarter
Dividend paid	`PaymentsOfDividends`	$54.48K	USD	1 Quarter
Net proceeds (payments) on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$180.19K	USD	1 Quarter
Net proceeds (payments) on line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-151.60K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$15.89K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Payments on promissory notes	`RepaymentsOfNotesPayable`	$85.15K	USD	1 Quarter
Payments on promissory notes	`RepaymentsOfNotesPayable`	$30.00K	USD	1 Quarter
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$202.00K	USD	1 Quarter
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$206.00K	USD	1 Quarter
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-101.11K	USD	1 Quarter
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$332.19K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$182.92K	USD	1 Quarter
NET INCREASE/(DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.16K	USD	1 Quarter
CASH, BEGINNING OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$272.32K	USD	Point-in-time
CASH, BEGINNING OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$217.16K	USD	Point-in-time
CASH, BEGINNING OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
CASH, BEGINNING OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$232.58K	USD	Point-in-time
CASH, END OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$272.32K	USD	Point-in-time
CASH, END OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$217.16K	USD	Point-in-time
CASH, END OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$49.66K	USD	Point-in-time
CASH, END OF PERIOD/YEAR	`CashAndCashEquivalentsAtCarryingValue`	$232.58K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$35.06K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$27.54K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	142,450.00	shares	Point-in-time
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	142,450.00	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`	$5.92M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.60M	USD	Point-in-time
Dividend on Series A Preferred stock	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$20.00K	USD	1 Quarter
Dividend on Series D Preferred stock	`AdjustmentsToAdditionalPaidInCapitalOther`	$-34.48K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$160.07K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-760.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-791.37K	USD	1 Quarter
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	142,450.00	shares	Point-in-time
Balance Preferred Stock, shares	`PreferredStockSharesOutstanding`	142,450.00	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`	$5.92M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.60M	USD	Point-in-time

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