10-K Filing

GAXOS.AI INC. CIK: 1895618 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001213900-23-025417`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	f10k2022_nftgaming_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 21 Cash Flow Statement 40 Stockholders Equity 11

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock; par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock; par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$679.78K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$400.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$202.60K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$882.78K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.08M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, share issued	`CommonStockSharesIssued`	10.42M	shares	Point-in-time
Common stock, share issued	`CommonStockSharesIssued`	10.42M	shares	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$58.65K	USD	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.42M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.42M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$2.08M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$941.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$245.01K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$10.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$255.69K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$255.69K	USD	Point-in-time
Commitments (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; par value $0.0001; 5,000,000 shares authorized; No shares issued and outstanding on December 31, 2022 and 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; par value $0.0001; 5,000,000 shares authorized; No shares issued and outstanding on December 31, 2022 and 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock; par value $0.0001: 50,000,000 shares authorized; 10,417,846 share issued and outstanding on December 31, 2022 and 2021	`CommonStockValue`	$1.04K	USD	Point-in-time
Common stock; par value $0.0001: 50,000,000 shares authorized; 10,417,846 share issued and outstanding on December 31, 2022 and 2021	`CommonStockValue`	$1.04K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Subscriptions receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$37.50K	USD	Point-in-time
Subscriptions receivable	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Subscriptions receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$37.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.26K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.43M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.07M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$685.73K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$941.43K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.08M	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	Annual
REVENUES	`Revenues`	-	USD	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.42M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.01M	shares	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$824.52K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.81K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.45K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$599.57K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$12.26K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.42M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.42M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.26K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$2.92K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.42M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-12.26K	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.42M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.01M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-12.26K	USD	1 Quarter
Amortization expense	`CostOfGoodsAndServicesSoldDepreciation`	$4.19K	USD	Annual
Amortization expense	`CostOfGoodsAndServicesSoldDepreciation`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$400.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.25K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$148.76K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$8.20K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.49K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.26M	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-3.52K	USD	1 Quarter
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$62.84K	USD	Annual
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-62.84K	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.08M	USD	1 Quarter
Proceeds from subscriptions receivable	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$37.50K	USD	Annual
Proceeds from subscriptions receivable	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Payment of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$112.60K	USD	Annual
Payment of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-75.10K	USD	Annual
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$2.08M	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.40M	USD	Annual
NET (DECREASE) INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.08M	USD	1 Quarter
CASH, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$679.78K	USD	Point-in-time
CASH, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
CASH, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$679.78K	USD	Point-in-time
CASH, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Deferred offering costs in accounts payable	`OfferingCostsPartnershipInterests`	-	USD	Point-in-time
Deferred offering costs in accounts payable	`OfferingCostsPartnershipInterests`	$90.00K	USD	Point-in-time
Common stock issued for subscription receivable	`StockIssued1`	-	USD	Annual
Common stock issued for subscription receivable	`StockIssued1`	$37.50K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$2.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$685.73K	USD	Point-in-time
Common shares issued to founders for cash	`StockIssuedDuringPeriodValueNewIssues`	$960.00	USD	1 Quarter
Common shares issued for cash	`StockIssuedDuringPeriodValueIssuedForServices`	$2.08M	USD	1 Quarter
Proceeds from subscriptions receivable	`StockIssuedDuringPeriodValueOther`	$37.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.42M	USD	Annual
Net loss	`NetIncomeLoss`	$-12.26K	USD	1 Quarter
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$2.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$685.73K	USD	Point-in-time

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