10-Q Filing

PINEAPPLE, INC. CIK: 1654672 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-026495`
Period End Date	20210331
Filing Date	20211027
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	pnpl-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 27 Cash Flow Statement 48 Stockholders Equity 13

Balance Sheet 68 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Property and equipment (net of depreciation)	`PropertyPlantAndEquipmentNet`	$14.92K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Property and equipment (net of depreciation)	`PropertyPlantAndEquipmentNet`	$13.38K	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
Equity method investment	`EquityMethodInvestments`	$9.49M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	88.46M	shares	Point-in-time
Equity method investment	`EquityMethodInvestments`	$9.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	88.46M	shares	Point-in-time
Total Other Assets	`OtherAssets`	$9.21M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$9.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	88.46M	shares	Point-in-time
Total Assets	`Assets`	$9.22M	USD	Point-in-time
Total Assets	`Assets`	$9.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$869.91K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$780.23K	USD	Point-in-time
Accounts payable and accrued liabilities related party	`AccountsPayableAndAccruedLiabilitiesRelatedPartyCurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities related party	`AccountsPayableAndAccruedLiabilitiesRelatedPartyCurrent`	$79.48K	USD	Point-in-time
Accrued interest payable related party	`AccruedInterestPayableRelatedParty`	$45.64K	USD	Point-in-time
Accrued interest payable related party	`AccruedInterestPayableRelatedParty`	$45.64K	USD	Point-in-time
Accrued interest payable other	`InterestPayableCurrent`	$6.77K	USD	Point-in-time
Accrued interest payable other	`InterestPayableCurrent`	$6.77K	USD	Point-in-time
Settlement payable related party	`SettlementPayableRelatedParty`	$615.00K	USD	Point-in-time
Settlement payable related party	`SettlementPayableRelatedParty`	$615.00K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$90.56K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$131.13K	USD	Point-in-time
Notes payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$804.50K	USD	Point-in-time
Notes payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$857.17K	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`	$169.00K	USD	Point-in-time
Advances on agreements	`AdvanceOnAgreementsCurrent`	$169.00K	USD	Point-in-time
Contingent liabilities	`LossContingencyAccrualCarryingValueCurrent`	$100.05K	USD	Point-in-time
Contingent liabilities	`LossContingencyAccrualCarryingValueCurrent`	$100.05K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.77M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.75M	USD	Point-in-time
Commitments and contingencies (note 12)	`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, 88,461,200 shares issued and outstanding as of March 31, 2021, and December 30, 2020	`CommonStockValue`	$8.00	USD	Point-in-time
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 88,461,200 shares issued and outstanding as of March 31, 2021, and December 30, 2020	`CommonStockValue`	$8.00	USD	Point-in-time
Stock Payable	`StockPayable`	$147.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$21.30M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$21.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.98M	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 Stockholders' Equity	`StockholdersEquity`	$6.73M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.47M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.50M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$124.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$195.81K	USD	1 Quarter
Depreciation	`Depreciation`	$2.16K	USD	1 Quarter
Depreciation	`Depreciation`	$1.54K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$197.96K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$126.24K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-126.24K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-197.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$28.62K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Loss from equity method investment	`GainLossOnInvestments`	$283.19K	USD	1 Quarter
Loss from equity method investment	`GainLossOnInvestments`	$50.17K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$78.79K	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$283.19K	USD	1 Quarter
Loss from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-276.75K	USD	1 Quarter
Loss from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-409.43K	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`	$-409.43K	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`	88.46M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-276.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-409.43K	USD	1 Quarter
Depreciation	`Depreciation`	$2.16K	USD	1 Quarter
Depreciation	`Depreciation`	$1.54K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	-	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$-219.00	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-50.17K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-283.19K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.50K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.25K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.19K	USD	1 Quarter
Accounts payable and accrued liabilities related party	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued liabilities related party	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$50.98K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$24.66K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$22.47K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$40.58K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.33K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.77K	USD	1 Quarter
Common stock to be issued for cash	`ProceedsFromIssuanceOrSaleOfEquity`	$147.00K	USD	1 Quarter
Common stock to be issued for cash	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from related party notes payable	`ProceedsFromRelatedPartyDebt`	$148.67K	USD	1 Quarter
Proceeds from related party notes payable	`ProceedsFromRelatedPartyDebt`	$9.23K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$86.90K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$1.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$69.33K	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 Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash, End of Period	`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
Common stock issued for prior year equity method investment	`TransferOfInvestments`	-	USD	1 Quarter
Common stock issued for prior year equity method investment	`TransferOfInvestments`	$5.50M	USD	1 Quarter
Common stock issued for prior year settlements	`StockIssued1`	$440.22K	USD	1 Quarter
Common stock issued for prior year settlements	`StockIssued1`	-	USD	1 Quarter
Equity method investment exchanged for forgiveness of related party note payable and accrued interest	`EquityMethodInvestmentExchangedForForgivenessOfRelatedPartyNotePayableAndAccruedInterest`	$1.06M	USD	1 Quarter
Equity method investment exchanged for forgiveness of related party note payable and accrued interest	`EquityMethodInvestmentExchangedForForgivenessOfRelatedPartyNotePayableAndAccruedInterest`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$720.95K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.73M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.47M	USD	Point-in-time
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
Common stock for cash to be issued	`StockIssuedDuringPeriodValueOther`	$147.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-276.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-409.43K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$720.95K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.73M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.47M	USD	Point-in-time

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