10-Q Filing

CISO GLOBAL, INC. CIK: 1777319 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-008493`
Period End Date	20200331
Filing Date	20200513
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	cerbe-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 39 Cash Flow Statement 36 Stockholders Equity 15

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`	$1.73K	USD	Point-in-time
Property plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$758.00	USD	Point-in-time
Intangible assets, accumulated depreciation	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$31.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	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
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	`AccountsReceivableNetCurrent`	$584.73K	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $40,000	`AccountsReceivableNetCurrent`	$531.97K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$116.48K	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	108.26M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	113.91M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.48M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.91M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $1,729 and $758, respectively	`PropertyPlantAndEquipmentNet`	$10.90K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,729 and $758, respectively	`PropertyPlantAndEquipmentNet`	$9.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.26M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $31,296 and $15,648, respectively	`IntangibleAssetsNetExcludingGoodwill`	$1.08M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $31,296 and $15,648, respectively	`IntangibleAssetsNetExcludingGoodwill`	$1.07M	USD	Point-in-time
Goodwill	`Goodwill`	$922.58K	USD	Point-in-time
Goodwill	`Goodwill`	$922.58K	USD	Point-in-time
Total Assets	`Assets`	$4.28M	USD	Point-in-time
Total Assets	`Assets`	$4.50M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$611.02K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$468.90K	USD	Point-in-time
Stock payable	`StockPayableCurrent`	-	USD	Point-in-time
Stock payable	`StockPayableCurrent`	$10.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$109.79K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$109.79K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$730.81K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$578.69K	USD	Point-in-time
Total Liabilities	`Liabilities`	$578.69K	USD	Point-in-time
Total Liabilities	`Liabilities`	$730.81K	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; 108,262,500 and 113,912,500 shares issued and 108,262,500 and 107,912,500 outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$1.14K	USD	Point-in-time
Common stock, $.00001 par value; 250,000,000 shares authorized; 108,262,500 and 113,912,500 shares issued and 108,262,500 and 107,912,500 outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$1.08K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.45M	USD	Point-in-time
Stockholders' Equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$3.54M	USD	Point-in-time
Stockholders' Equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$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`	$10.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.92M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.54M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$36.13K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.50M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$197.81K	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.07M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$775.24K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$43.66K	USD	1 Quarter
Total gross profit	`GrossProfit`	$154.15K	USD	1 Quarter
Total gross profit	`GrossProfit`	$292.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.42K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$196.35K	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$27.86K	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$3.19K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$580.20K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$32.38K	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$325.43K	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.99K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.13M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-836.86K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$102.16K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.28K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.02K	USD	1 Quarter
Total other expense	`OtherOperatingIncomeExpenseNet`	$-2.28K	USD	1 Quarter
Total other expense	`OtherOperatingIncomeExpenseNet`	$-3.02K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-839.14K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$99.14K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$99.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-839.14K	USD	1 Quarter
Net loss per common share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	108.08M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.08M	shares	1 Quarter
Income before taxes	`BusinessAcquisitionsProFormaRevenue`	$99.14K	USD	1 Quarter
Income tax expense	`BusinessAcquisitionsProFormaIncomeTaxExpense`	$25.78K	USD	1 Quarter
Net income	`BusinessAcquisitionsProFormaNetIncomeLoss`	$73.36K	USD	1 Quarter
Basic	`BasicEarningsPerShareProForma`	-	USD	1 Quarter
Diluted	`DilutedEarningsPerShareProForma`	-	USD	1 Quarter
Basic	`WeightedAverageNumberBasicSharesOutstandingAdjustmentProForma`	70.00M	shares	1 Quarter
Diluted	`ProFormaWeightedAverageSharesOutstandingDiluted`	70.00M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$99.14K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-839.14K	USD	1 Quarter
Stock based compensation - stock options	`StockBasedCompensationStockOptions`	$325.43K	USD	1 Quarter
Stock based compensation - stock options	`StockBasedCompensationStockOptions`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.62K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-176.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$52.76K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$2.71K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$46.20K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.43K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$142.12K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-443.94K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$329.86K	USD	1 Quarter
Distributions to member	`PaymentsToRelatedParties`	$125.27K	USD	1 Quarter
Distributions to member	`PaymentsToRelatedParties`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$140.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-125.27K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$140.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-303.94K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$204.59K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$284.59K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.57M	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`	$1.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$284.59K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.57M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$80.01K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$5.88K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$10.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.13K	USD	Point-in-time
Distributions to member	`DistributionsToMemberOfBoard`	$-125.27K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$325.43K	USD	1 Quarter
Common shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$140.00K	USD	1 Quarter
Common shares issued for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	350,000.00	shares	1 Quarter
Return of treasury stock to authorized capital	`StockIssuedDuringPeriodValueTreasuryStockReissued`	-	USD	1 Quarter
Net Income/(loss)	`NetIncomeLoss`	$99.14K	USD	1 Quarter
Net Income/(loss)	`NetIncomeLoss`	$-839.14K	USD	1 Quarter
Balance	`StockholdersEquity`	$10.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.13K	USD	Point-in-time

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