10-Q Filing

CISO GLOBAL, INC. CIK: 1777319 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011939`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	cerbe-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 46 Stockholders Equity 17

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Property plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$18.90K	USD	Point-in-time
Property plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.47K	USD	Point-in-time
Property plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$18.90K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.33M	USD	Point-in-time
Intangible assets, accumulated depreciation	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$116.65K	USD	Point-in-time
Intangible assets, accumulated depreciation	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$151.46K	USD	Point-in-time
Intangible assets, accumulated depreciation	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$151.46K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.20M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $40,000	`AccountsReceivableNetCurrent`	$1.01M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $40,000	`AccountsReceivableNetCurrent`	$1.18M	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`	250.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$155.57K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$142.14K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.73M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	116.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.73M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $18,897 and $14,473, respectively	`PropertyPlantAndEquipmentNet`	$76.21K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	116.10M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $18,897 and $14,473, respectively	`PropertyPlantAndEquipmentNet`	$80.63K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$137.83K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$13.43K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$175.93K	USD	Point-in-time
Intangible assets, net of accumulated amortization of $151,462 and $116,468, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.07M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $151,462 and $116,468, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.11M	USD	Point-in-time
Goodwill	`Goodwill`	$4.10M	USD	Point-in-time
Goodwill	`Goodwill`	$4.10M	USD	Point-in-time
Total Assets	`Assets`	$15.09M	USD	Point-in-time
Total Assets	`Assets`	$12.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$809.80K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$747.64K	USD	Point-in-time
Stock payable	`StockPayableCurrent`	$48.00K	USD	Point-in-time
Stock payable	`StockPayableCurrent`	$46.00K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$137.83K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$8.99K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$101.83K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$9.40K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$9.45K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$3.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$33.36K	USD	Point-in-time
Convertible note payable, net of debt discount, related party	`ConvertibleNotesPayable`	$2.94M	USD	Point-in-time
Convertible note payable, net of debt discount, related party	`ConvertibleNotesPayable`	$2.93M	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$59.79K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$59.79K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.94M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.86M	USD	Point-in-time
Loans payable, net of current portion	`LongTermLoansPayable`	$1.02M	USD	Point-in-time
Loans payable, net of current portion	`LongTermLoansPayable`	$1.04M	USD	Point-in-time
Lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$4.69K	USD	Point-in-time
Lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$74.84K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.91M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.00001 par value; 250,000,000 shares authorized; 117,729,971 and 116,104,971 shares issued and outstanding, respectively	`CommonStockValue`	$1.18K	USD	Point-in-time
Common stock, $.00001 par value; 250,000,000 shares authorized; 117,729,971 and 116,104,971 shares issued and outstanding, respectively	`CommonStockValue`	$1.16K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.87M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.92M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.05M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.74M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.54M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.09M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.65M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.07M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.56M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$775.24K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$1.74M	USD	1 Quarter
Total gross profit	`GrossProfit`	$292.98K	USD	1 Quarter
Total gross profit	`GrossProfit`	$820.62K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$157.35K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$196.35K	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$27.86K	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$45.23K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$580.20K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.49M	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$838.76K	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$325.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.53M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.13M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-836.86K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.71M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$205.00	USD	1 Quarter
Interest expense, net	`InterestExpense`	$68.69K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.28K	USD	1 Quarter
Total other expense	`OtherOperatingIncomeExpenseNet`	$-68.49K	USD	1 Quarter
Total other expense	`OtherOperatingIncomeExpenseNet`	$-2.28K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.78M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-839.14K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-839.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.78M	USD	1 Quarter
Net loss per common share - basic	`EarningsPerShareBasic`	$-0.02	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
Net loss per common share - diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	116.42M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	108.08M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.42M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.08M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-839.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.78M	USD	1 Quarter
Stock based compensation - stock options	`ShareBasedCompensation`	$838.76K	USD	1 Quarter
Stock based compensation - stock options	`ShareBasedCompensation`	$325.43K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$2.00K	USD	1 Quarter
Issuance of common stock for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$57.52K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.62K	USD	1 Quarter
Right of use amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	1 Quarter
Right of use amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$13.26K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$176.48K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$52.76K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$46.20K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$13.43K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$142.12K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-62.17K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-12.77K	USD	1 Quarter
Lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-443.94K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.13M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.25M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$140.00K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$221.35K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$190.99K	USD	1 Quarter
Payment on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payment on loans payable	`RepaymentsOfLongTermDebt`	$20.61K	USD	1 Quarter
Payment on loans payable	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$140.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-303.94K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.13M	USD	1 Quarter
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.20M	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.33M	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.57M	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.20M	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.33M	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.57M	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	$34.16K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$5.88K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Right of use asset and lease liability recorded upon adoption of ASC 842	`LiabilitiesAssumed1`	-	USD	1 Quarter
Right of use asset and lease liability recorded upon adoption of ASC 842	`LiabilitiesAssumed1`	$175.76K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.54M	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Stock based compensation - stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$838.76K	USD	1 Quarter
Stock based compensation - stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$325.43K	USD	1 Quarter
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$140.00K	USD	1 Quarter
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$3.25M	USD	1 Quarter
Return of treasury stock to authorized capital	`StockIssuedDuringPeriodValueTreasuryStockReissued`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-839.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.78M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.54M	USD	Point-in-time
Balance, shares	`SharesOutstanding`	-	shares	Point-in-time

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