10-Q Filing

PINEAPPLE, INC. CIK: 1654672 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-008624`
Period End Date	20200331
Filing Date	20210413
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	pnpl-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 28 Cash Flow Statement 58 Stockholders Equity 14

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Stock subscription receivable	`StockSubscriptionReceivableCurrent`	$1.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Stock subscription receivable	`StockSubscriptionReceivableCurrent`	$1.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Property and equipment (net of depreciation)	`PropertyPlantAndEquipmentNet`	$19.62K	USD	Point-in-time
Property and equipment (net of depreciation)	`PropertyPlantAndEquipmentNet`	$21.78K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$122.98K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	76.89M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$16.82K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	87.45M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$40.77K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	87.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	76.89M	shares	Point-in-time
Equity method investment	`EquityMethodInvestments`	$9.83M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$10.94M	USD	Point-in-time
Deposits	`DepositAssets`	$7.94K	USD	Point-in-time
Deposits	`DepositAssets`	$7.94K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$10.95M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$9.83M	USD	Point-in-time
Total Assets	`Assets`	$12.01M	USD	Point-in-time
Total Assets	`Assets`	$10.87M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$871.53K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$896.77K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$27.21K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$312.18K	USD	Point-in-time
Stock subscriptions payable	`StockSubscriptionsPayableCurrent`	$5.94M	USD	Point-in-time
Stock subscriptions payable	`StockSubscriptionsPayableCurrent`	$6.00K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$41.14K	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityCurrent`	$16.97K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$61.52K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$39.05K	USD	Point-in-time
Notes payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.53M	USD	Point-in-time
Notes payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.14M	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$19.84K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$19.84K	USD	Point-in-time
Advances on agreements	`AdvanceOnAgreementsCurrent`	$784.00K	USD	Point-in-time
Advances on agreements	`AdvanceOnAgreementsCurrent`	$784.00K	USD	Point-in-time
Put option liability	`PutOptionLiabilityCurrent`	$1.00M	USD	Point-in-time
Put option liability	`PutOptionLiabilityCurrent`	$1.00M	USD	Point-in-time
Contingent liabilities	`LossContingencyAccrualCarryingValueCurrent`	$140.05K	USD	Point-in-time
Contingent liabilities	`LossContingencyAccrualCarryingValueCurrent`	$140.05K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.29M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.29M	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, $0.0000001 par value, 500,000,000 shares authorized, 87,446,200 and 76,890,925 shares issued and outstanding, respectively	`CommonStockValue`	$7.00	USD	Point-in-time
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 87,446,200 and 76,890,925 shares issued and outstanding, respectively	`CommonStockValue`	$8.00	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$20.08M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$14.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-4.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-4.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$720.95K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.38M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.87M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.01M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.00K	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$124.63K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$195.81K	USD	1 Quarter
Depreciation	`Depreciation`	$2.16K	USD	1 Quarter
Depreciation	`Depreciation`	$2.16K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$197.96K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$126.78K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-197.96K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-111.78K	USD	1 Quarter
Interest expense	`InterestExpense`	$35.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$28.62K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$12.38K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$2.59K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$50.17K	USD	1 Quarter
Total Other (Income) Expense	`NonoperatingIncomeExpense`	$78.79K	USD	1 Quarter
Total Other (Income) Expense	`NonoperatingIncomeExpense`	$50.51K	USD	1 Quarter
Loss from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-162.29K	USD	1 Quarter
Loss from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-276.75K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-276.75K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-162.29K	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Common Shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	82.58M	shares	1 Quarter
Weighted Average Common Shares - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	65.86M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-276.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.29K	USD	1 Quarter
Depreciation	`Depreciation`	$2.16K	USD	1 Quarter
Depreciation	`Depreciation`	$2.16K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$529.00	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$-219.00	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$2.59K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$50.17K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$12.38K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense - debt settlements	`InterestExpenseDebt`	$4.12K	USD	1 Quarter
Interest expense - debt settlements	`InterestExpenseDebt`	-	USD	1 Quarter
Gain from related party settlements	`GainFromRelatedPartySettlements`	$135.12K	USD	1 Quarter
Gain from related party settlements	`GainFromRelatedPartySettlements`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.50K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-120.77K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.25K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$24.66K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-24.19K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	-	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$22.47K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-152.86K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.77K	USD	1 Quarter
Proceeds from related party notes payable	`ProceedsFromRelatedPartyDebt`	$148.67K	USD	1 Quarter
Proceeds from related party notes payable	`ProceedsFromRelatedPartyDebt`	$165.36K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$1.90K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$10.00K	USD	1 Quarter
Refund of additional paid-in-capital	`RepaymentsOfAdditionalPaidInCapital`	$-2.50K	USD	1 Quarter
Refund of additional paid-in-capital	`RepaymentsOfAdditionalPaidInCapital`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$152.86K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$146.77K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Stock and stock subscriptions issued in exchange for equity method investment	`StockAndStockSubscriptionsIssuedInExchangeForEquityMethodInvestment`	$11.00M	USD	1 Quarter
Stock and stock subscriptions issued in exchange for equity method investment	`StockAndStockSubscriptionsIssuedInExchangeForEquityMethodInvestment`	-	USD	1 Quarter
Common stock issued for prior year equity method investment	`TransferOfInvestments`	$5.50M	USD	1 Quarter
Common stock issued for prior year equity method investment	`TransferOfInvestments`	-	USD	1 Quarter
Common stock issued for prior year settlements	`CommonStockIssuedForPriorYearSettlements`	$440.22K	USD	1 Quarter
Common stock issued for prior year settlements	`CommonStockIssuedForPriorYearSettlements`	-	USD	1 Quarter
Equity method investment exchanged for forgiveness of related party note payable and accrued interest	`EquityMethodInvestmentExchangedForForgivenessOfRelatedPartyNotePayableAndAccruedInterest`	-	USD	1 Quarter
Equity method investment exchanged for forgiveness of related party note payable and accrued interest	`EquityMethodInvestmentExchangedForForgivenessOfRelatedPartyNotePayableAndAccruedInterest`	$1.06M	USD	1 Quarter
Right-of-use asset and lease liability from the adoption of ASU 2016-02	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Right-of-use asset and lease liability from the adoption of ASU 2016-02	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$122.98K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-4.33M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-4.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$720.95K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Gain of settlements of related party debt	`AdjustmentsToAdditionalPaidInCapitalGainOnSettlementOfRelatedPartydebt`	$135.12K	USD	1 Quarter
Refund of additional paid-in-capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$-2.50K	USD	1 Quarter
Common stock issued for settlements of debt and payables	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$440.22K	USD	1 Quarter
Issuance of common shares for equity method investment	`StockIssuedDuringPeriodValueNewIssues`	$5.50M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-276.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.29K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-4.33M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-4.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$720.95K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.38M	USD	Point-in-time

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