10-Q Filing

ODYSIGHT.AI INC. CIK: 1577445 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-017240`
Period End Date	20190930
Filing Date	20191114
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	inllpq-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 34 Cash Flow Statement 40 Stockholders Equity 22

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.44K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.32K	USD	Point-in-time
Total assets	`Assets`	$2.44K	USD	Point-in-time
Total assets	`Assets`	$26.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.53M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable to related parties	`AccountsPayableRelatedPartiesCurrent`	$28.17K	USD	Point-in-time
Accounts payable to related parties	`AccountsPayableRelatedPartiesCurrent`	$47.89K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$225.00K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$170.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.17K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$272.89K	USD	Point-in-time
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 2,574,680 shares issued and outstanding as of September 30, 2019 and 2,529,680 shares issued and outstanding as of March 31, 2019.	`CommonStockValue`	$2.53K	USD	Point-in-time
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 2,574,680 shares issued and outstanding as of September 30, 2019 and 2,529,680 shares issued and outstanding as of March 31, 2019.	`CommonStockValue`	$2.57K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$70.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$75.09K	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$300.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-244.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-347.82K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-96.74K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-270.45K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-72.31K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-81.99K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-213.73K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-171.84K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.44K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$26.32K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$48.78K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$82.23K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$19.33K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.22K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$1.97K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$3.75K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$12.37K	USD	2 Qtrs
General & administrative	`GeneralAndAdministrativeExpense`	$2.27K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$52.53K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$94.60K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.60K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$4.19K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$2.83K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$8.23K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$1.55K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-8.23K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-1.55K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-4.19K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-2.83K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-46.10K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-102.83K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-14.75K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-24.43K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-56.72K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-24.43K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.57M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.57M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.53M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.53M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-46.10K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-102.83K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-14.75K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-24.43K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-56.72K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-24.43K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$4.22K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.92K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.30K	USD	2 Qtrs
Accounts payable to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$853.00	USD	2 Qtrs
Accounts payable to related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$19.73K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-78.88K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.79K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$51.00K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$10.00K	USD	Point-in-time
Payments on notes payable	`RepaymentsOfNotesPayable`	$41.00K	USD	Point-in-time
Proceeds from notes payable to related parties	`ProceedsFromRelatedPartyDebt`	$55.00K	USD	2 Qtrs
Proceeds from notes payable to related parties	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.00K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.88K	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.79K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$26.32K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.36K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.44K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.15K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$26.32K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.36K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.44K	USD	Point-in-time
CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.15K	USD	Point-in-time
Cash paid for: Interest	`InterestPaidNet`	$8.98K	USD	2 Qtrs
Cash paid for: Interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for: Income Tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for: Income Tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Stock subscription receivable	`StockSubscriptionReceivable`	-	USD	2 Qtrs
Stock subscription receivable	`StockSubscriptionReceivable`	$300.00	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-96.74K	USD	Point-in-time
Balance	`StockholdersEquity`	$-270.45K	USD	Point-in-time
Balance	`StockholdersEquity`	$-72.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.99K	USD	Point-in-time
Balance	`StockholdersEquity`	$-213.73K	USD	Point-in-time
Balance	`StockholdersEquity`	$-171.84K	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.50K	USD	1 Quarter
Warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.72K	USD	1 Quarter
Warrants exercised	`StockIssuedDuringPeriodValueWarrantsExercised`	$300.00	USD	1 Quarter
Subscription receivable	`StockIssuedDuringPeriodValueSubscriptionReceivable`	$-300.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-102.83K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.43K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-56.72K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.43K	USD	1 Quarter
Balance	`StockholdersEquity`	$-96.74K	USD	Point-in-time
Balance	`StockholdersEquity`	$-270.45K	USD	Point-in-time
Balance	`StockholdersEquity`	$-72.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-81.99K	USD	Point-in-time
Balance	`StockholdersEquity`	$-213.73K	USD	Point-in-time
Balance	`StockholdersEquity`	$-171.84K	USD	Point-in-time

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