10-Q Filing

AIADVERTISING, INC. CIK: 743758 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-057908`
Period End Date	20230331
Filing Date	20230718
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_aiadvert_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 55 Stockholders Equity 15

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
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 authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$55.83K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$756.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$95.30K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$880.07K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid and other current Assets	`OtherPrepaidExpenseCurrent`	$94.00K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid and other current Assets	`OtherPrepaidExpenseCurrent`	$105.08K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$256.21K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$974.83K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.18B	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$102.66K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.32B	shares	Point-in-time
PROPERTY & EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$94.61K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.18B	shares	Point-in-time
RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$175.97K	USD	Point-in-time
RIGHT-OF-USE ASSETS	`OperatingLeaseRightOfUseAsset`	$169.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.32B	shares	Point-in-time
Common stock, payable shares	`TemporaryEquityShareSubscriptions`	5.00M	shares	Point-in-time
Common stock, payable shares	`TemporaryEquityShareSubscriptions`	5.00M	shares	Point-in-time
Lease deposit	`SecurityDeposit`	$8.94K	USD	Point-in-time
Lease deposit	`SecurityDeposit`	$8.94K	USD	Point-in-time
Common stock, payable per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.11	USD	Point-in-time
Common stock, payable per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.11	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.20K	USD	Point-in-time
Goodwill and other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$20.20K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$29.14K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$29.14K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$563.98K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.07M	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedParty`	$10.82K	USD	Point-in-time
Accounts payable, related party	`AccountsPayableRelatedParty`	$10.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$39.23K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$156.55K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$29.72K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$28.49K	USD	Point-in-time
Lines of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Lines of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Deferred revenue and customer deposit	`ContractWithCustomerLiabilityCurrent`	$791.13K	USD	Point-in-time
Deferred revenue and customer deposit	`ContractWithCustomerLiabilityCurrent`	$1.28M	USD	Point-in-time
Convertible notes and interest payable, current, net	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes and interest payable, current, net	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable, related parties	`NotesPayableRelatedParties`	-	USD	Point-in-time
Notes payable, related parties	`NotesPayableRelatedParties`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.52M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.94M	USD	Point-in-time
Capital lease obligation, long term	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$147.48K	USD	Point-in-time
Capital lease obligation, long term	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$139.60K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$147.48K	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LiabilitiesNoncurrent`	$139.60K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.66M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.09M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 10,000,000,000 and 2,000,000,000 authorized shares; 1,315,856,715 and 1,175,324,203 shares issued and outstanding, respectively	`CommonStockValue`	$1.18M	USD	Point-in-time
Common stock, $0.001 par value; 10,000,000,000 and 2,000,000,000 authorized shares; 1,315,856,715 and 1,175,324,203 shares issued and outstanding, respectively	`CommonStockValue`	$1.32M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$50.47M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$49.60M	USD	Point-in-time
Common stock payable, consisting of 5,000,000 shares valued at $0.1128	`CommonStockPayables`	$564.00K	USD	Point-in-time
Common stock payable, consisting of 5,000,000 shares valued at $0.1128	`CommonStockPayables`	$564.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.74M	USD	Point-in-time
TOTAL SHAREHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-2.39M	USD	Point-in-time
TOTAL SHAREHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$2.92M	USD	Point-in-time
TOTAL SHAREHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-2.52M	USD	Point-in-time
TOTAL SHAREHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$1.35M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.27M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$563.98K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTaxes`	$1.20M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTaxes`	$2.17M	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.54M	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.66M	USD	1 Quarter
Gross Profit	`GrossProfit`	$519.30K	USD	1 Quarter
Gross Profit	`GrossProfit`	$-336.17K	USD	1 Quarter
Salaries and outside services	`SalariesAndWages`	$1.26M	USD	1 Quarter
Salaries and outside services	`SalariesAndWages`	$671.26K	USD	1 Quarter
Selling, general and administrative expenses	`OtherOperatingIncomeExpenseNet`	$-1.01M	USD	1 Quarter
Selling, general and administrative expenses	`OtherOperatingIncomeExpenseNet`	$-723.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.11K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.05K	USD	1 Quarter
TOTAL OPERATING (INCOME) EXPENSES	`OperatingExpenses`	$1.40M	USD	1 Quarter
TOTAL OPERATING (INCOME) EXPENSES	`OperatingExpenses`	$2.29M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-883.29K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS BEFORE OTHER INCOME AND TAXES	`OperatingIncomeLoss`	$-2.62M	USD	1 Quarter
Other expense	`OtherExpenses`	$5.00	USD	1 Quarter
Other expense	`OtherExpenses`	-	USD	1 Quarter
Gain (loss) on Sales of Discontinued Operations	`GainlossOnSalesOfDiscontinuedOperations`	-	USD	1 Quarter
Gain (loss) on Sales of Discontinued Operations	`GainlossOnSalesOfDiscontinuedOperations`	$-25.20K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-25.20K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-5.00	USD	1 Quarter
INCOME/(LOSS) FROM OPERATIONS BEFORE PROVISION FOR TAXES	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-883.29K	USD	1 Quarter
INCOME/(LOSS) FROM OPERATIONS BEFORE PROVISION FOR TAXES	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-2.60M	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION (BENEFIT) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME/(LOSS)	`NetIncomeLoss`	$-883.29K	USD	1 Quarter
NET INCOME/(LOSS)	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
NET INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-883.29K	USD	1 Quarter
NET INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.60M	USD	1 Quarter
BASIC (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
BASIC (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
DILUTED (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
DILUTED (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
BASIC (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.06B	shares	1 Quarter
BASIC (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.23B	shares	1 Quarter
DILUTED (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.06B	shares	1 Quarter
DILUTED (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.23B	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) from continued operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-883.29K	USD	1 Quarter
Net income (loss) from continued operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.60M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-1.15K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.11K	USD	1 Quarter
Gain on Sale of Discontinued Operations	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$-25.20K	USD	1 Quarter
Gain on Sale of Discontinued Operations	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	-	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$393.55K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$462.16K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-141.51K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$784.77K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.08K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-33.15K	USD	1 Quarter
Costs in excess of billings	`IncreaseDecreaseCostsInExcessOfBillings`	$16.64K	USD	1 Quarter
Costs in excess of billings	`IncreaseDecreaseCostsInExcessOfBillings`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-34.71K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$409.70K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$18.57K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$117.31K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseCustomerDeposits`	$493.09K	USD	1 Quarter
Customer Deposits	`IncreaseDecreaseCustomerDeposits`	$-3.49K	USD	1 Quarter
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.61M	USD	1 Quarter
NET CASH (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-611.08K	USD	1 Quarter
Cash paid for purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.57K	USD	1 Quarter
Cash paid for purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from the sale of discontinued operations	`ProceedsFromTheSaleOfDiscontinuedOperations`	-	USD	1 Quarter
Proceeds from the sale of discontinued operations	`ProceedsFromTheSaleOfDiscontinuedOperations`	$25.20K	USD	1 Quarter
NET CASH (USED IN)/PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET CASH (USED IN)/PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$15.63K	USD	1 Quarter
Proceeds of issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$556.01K	USD	1 Quarter
Proceeds of issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$50.87K	USD	Point-in-time
Proceeds of issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$230.97K	USD	Point-in-time
Proceeds of issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$643.62K	USD	1 Quarter
Proceeds of issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$102.11K	USD	Point-in-time
NET CASH (USED IN)/PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$556.01K	USD	1 Quarter
NET CASH (USED IN)/PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$643.62K	USD	1 Quarter
NET INCREASE / (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-55.08K	USD	1 Quarter
NET INCREASE / (DECREASE) IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-947.71K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$756.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.43M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.48M	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.83K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$756.00	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.43M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.48M	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.83K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Right of Use Assets	`RightOfUseAssets`	-	USD	1 Quarter
Right of Use Assets	`RightOfUseAssets`	$27.97K	USD	1 Quarter
Exercise of stock options	`StockIssued1`	-	USD	1 Quarter
Exercise of stock options	`StockIssued1`	$912.00	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.35M	USD	Point-in-time
Proceeds from issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$556.01K	USD	1 Quarter
Proceeds from issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$643.62K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$393.55K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$462.16K	USD	1 Quarter
Stock option exercised - cashless basis	`WarrantExerciseCashBasisValue`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-883.29K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
Balance	`StockholdersEquity`	$-2.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.35M	USD	Point-in-time

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