10-K Filing

CISO GLOBAL, INC. CIK: 1777319 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-005173`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	cerbe-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 45 Cash Flow Statement 58 Stockholders Equity 16

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Property plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$758.00	USD	Point-in-time
Property plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Intangible assets, accumulated depreciation	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$15.65K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.01K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $40,000 and $0, respectively	`AccountsReceivableNetCurrent`	$531.97K	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $40,000 and $0, respectively	`AccountsReceivableNetCurrent`	$176.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$70.28K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$256.01K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	113.91M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	70.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	70.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $758	`PropertyPlantAndEquipmentNet`	$10.90K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $758	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Intangible assets, net of accumulated amortization of $15,648	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net of accumulated amortization of $15,648	`IntangibleAssetsNetExcludingGoodwill`	$1.08M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$922.58K	USD	Point-in-time
Total Assets	`Assets`	$4.50M	USD	Point-in-time
Total Assets	`Assets`	$256.01K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$468.90K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.88K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$109.79K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$578.69K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$19.88K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesNoncurrent`	$200.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$219.88K	USD	Point-in-time
Total Liabilities	`Liabilities`	$578.69K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.00001 par value; 250,000,000 shares authorized; 113,912,500 and 70,000,000 shares issued and 107,912,500 and 70,000,000 outstanding, respectively	`CommonStockValue`	$1.14K	USD	Point-in-time
Common stock, $.00001 par value; 250,000,000 shares authorized; 113,912,500 and 70,000,000 shares issued and 107,912,500 and 70,000,000 outstanding, respectively	`CommonStockValue`	$700.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.99K	USD	Point-in-time
Retained earnings (Accumulated deficit )	`RetainedEarningsAccumulatedDeficit`	$25.44K	USD	Point-in-time
Retained earnings (Accumulated deficit )	`RetainedEarningsAccumulatedDeficit`	$-1.45M	USD	Point-in-time
Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$36.13K	USD	Point-in-time
Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$6.32M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.92M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$36.13K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$117.83K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$256.01K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.50M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.91M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$641.61K	USD	Annual
Total cost of revenue	`CostOfRevenue`	$936.17K	USD	Annual
Total cost of revenue	`CostOfRevenue`	$114.67K	USD	Annual
Total gross profit	`GrossProfit`	$971.76K	USD	Annual
Total gross profit	`GrossProfit`	$526.94K	USD	Annual
Professional fees	`ProfessionalFees`	$622.34K	USD	Annual
Professional fees	`ProfessionalFees`	-	USD	Annual
Advertising and marketing	`MarketingAndAdvertisingExpense`	$52.49K	USD	Annual
Advertising and marketing	`MarketingAndAdvertisingExpense`	$23.32K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$715.79K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$180.49K	USD	Annual
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$823.65K	USD	Annual
Stock based compensation	`AllocatedShareBasedCompensationExpense`	-	USD	Annual
Loss on impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Loss on impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$100.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$203.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.31M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$323.12K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.34M	USD	Annual
Interest expense, net	`InterestExpense`	$11.85K	USD	Annual
Interest expense, net	`InterestExpense`	-	USD	Annual
Total other expense	`OtherOperatingIncomeExpenseNet`	-	USD	Annual
Total other expense	`OtherOperatingIncomeExpenseNet`	$-11.85K	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$323.12K	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.35M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$323.12K	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$-1.35M	USD	Annual
Net loss per common share - basic	`EarningsPerShareBasic`	$-0.01	USD	Annual
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	Annual
Net loss per common share - diluted	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	70.00M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.08M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.00M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.08M	shares	Annual
Income before taxes	`BusinessAcquisitionsProFormaRevenue`	$323.12K	USD	Annual
Income tax expense	`BusinessAcquisitionsProFormaIncomeTaxExpense`	$84.00K	USD	Annual
Net income	`BusinessAcquisitionsProFormaNetIncomeLoss`	$239.12K	USD	Annual
Basic	`BasicEarningsPerShareProForma`	-	USD	Annual
Diluted	`DilutedEarningsPerShareProForma`	-	USD	Annual
Basic	`WeightedAverageNumberBasicSharesOutstandingAdjustmentProForma`	70.00M	shares	Annual
Diluted	`ProFormaWeightedAverageSharesOutstandingDiluted`	70.00M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$323.12K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-1.35M	USD	Annual
Provision for doubtful accounts	`ProvisionForLoanLeaseAndOtherLosses`	-	USD	Annual
Provision for doubtful accounts	`ProvisionForLoanLeaseAndOtherLosses`	$40.00K	USD	Annual
Stock based compensation - stock options	`StockBasedCompensationStockOptions`	-	USD	Annual
Stock based compensation - stock options	`StockBasedCompensationStockOptions`	$396.95K	USD	Annual
Stock based compensation - common stock	`StockBasedCompensationCommonStock`	-	USD	Annual
Stock based compensation - common stock	`StockBasedCompensationCommonStock`	$427.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.41K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	Annual
Loss on impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Loss on impairment of intangible assets	`ImpairmentOfIntangibleAssetsFinitelived`	$100.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$69.98K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-59.64K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.25K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$29.13K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.50K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$146.03K	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$5.88K	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.88K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-203.36K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$243.77K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.66K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$181.45K	USD	Annual
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$169.79K	USD	Annual
Contributions from member	`ProceedsFromRelatedParties`	-	USD	Annual
Contributions from member	`ProceedsFromRelatedParties`	$24.60K	USD	Annual
Distributions to member	`PaymentsToRelatedParties`	$124.58K	USD	Annual
Distributions to member	`PaymentsToRelatedParties`	$229.43K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.04M	USD	Annual
Payment on notes payable, related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payment on notes payable, related party	`RepaymentsOfRelatedPartyDebt`	$90.21K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-204.83K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.83M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.80M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$38.94K	USD	Annual
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$41.06K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.01K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$41.06K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.01K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Distribution commitment in a note payable to related party	`DistributionCommitmentInNotePayableToRelatedParty`	-	USD	Annual
Distribution commitment in a note payable to related party	`DistributionCommitmentInNotePayableToRelatedParty`	$200.00K	USD	Annual
Common stock issued in TalaTek acquisition	`CommonStockIssuedInAcquisition`	$2.48M	USD	Annual
Common stock issued in TalaTek acquisition	`CommonStockIssuedInAcquisition`	-	USD	Annual
Common stock issued in VCAB merger	`CommonStockIssuedInMerger`	-	USD	Annual
Common stock issued in VCAB merger	`CommonStockIssuedInMerger`	$12.46K	USD	Annual
Common stock repurchased	`CommonStockRepurchased`	$-2.40M	USD	Annual
Common stock repurchased	`CommonStockRepurchased`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.13K	USD	Point-in-time
Balance	`StockholdersEquity`	$117.83K	USD	Point-in-time
Dividends paid	`Dividends`	$404.83K	USD	Annual
Dividends paid	`Dividends`	$124.58K	USD	Annual
Stock based compensation - stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$396.95K	USD	Annual
Stock based compensation - common stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	$427.00K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$2.04M	USD	Annual
Stock issued in VCAB merger	`StockIssuedDuringPeriodValueMerger`	$12.46K	USD	Annual
Stock issued in TalaTek acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$2.48M	USD	Annual
Treasury stock	`TreasuryStock`	$-60.00	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$323.12K	USD	Annual
Net income/(loss)	`NetIncomeLoss`	$-1.35M	USD	Annual
Balance	`StockholdersEquity`	$3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.13K	USD	Point-in-time
Balance	`StockholdersEquity`	$117.83K	USD	Point-in-time

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