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10-Q Filing

CISO GLOBAL, INC. CIK: 1777319 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001493152-22-013916
Period End Date 20220331
Filing Date 20220516
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance form10-q_htm.xml
Filing Contents
Balance Sheet 83 line items
Line Item Tag Value Unit Period
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $77.81K USD Point-in-time
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $91.71K USD Point-in-time
Property and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $256.54K USD Point-in-time
Property and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $102.47K USD Point-in-time
Intangible assets, accumulated depreciation FiniteLivedIntangibleAssetsAccumulatedAmortization $323.33K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.73M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.86M USD Point-in-time
Intangible assets, accumulated depreciation FiniteLivedIntangibleAssetsAccumulatedAmortization $628.25K USD Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $91,707 and $77,811, respectively AccountsReceivableNetCurrent $4.84M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $91,707 and $77,811, respectively AccountsReceivableNetCurrent $5.95M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Notes receivable, related party NotesReceivableRelatedPartiesCurrent $1.09M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Notes receivable, related party NotesReceivableRelatedPartiesCurrent $1.16M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 135.46M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 125.85M shares Point-in-time
Inventory InventoryNet $189.60K USD Point-in-time
Inventory InventoryNet $735.89K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 125.85M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 135.46M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $960.97K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.17M USD Point-in-time
Contract asset OtherAssetsCurrent $218.15K USD Point-in-time
Contract asset OtherAssetsCurrent - USD Point-in-time
Total Current Assets AssetsCurrent $9.81M USD Point-in-time
Total Current Assets AssetsCurrent $14.09M USD Point-in-time
Property and equipment, net of accumulated depreciation of $256,540 and $102,466, respectively PropertyPlantAndEquipmentNet $3.44M USD Point-in-time
Property and equipment, net of accumulated depreciation of $256,540 and $102,466, respectively PropertyPlantAndEquipmentNet $2.39M USD Point-in-time
Right of use asset, net OperatingLeaseRightOfUseAsset $277.58K USD Point-in-time
Right of use asset, net OperatingLeaseRightOfUseAsset $406.77K USD Point-in-time
Right of use asset, net OperatingLeaseRightOfUseAsset $226.94K USD Point-in-time
Intangible assets, net of accumulated amortization of $628,245 and $323,331, respectively IntangibleAssetsNetExcludingGoodwill $6.40M USD Point-in-time
Intangible assets, net of accumulated amortization of $628,245 and $323,331, respectively IntangibleAssetsNetExcludingGoodwill $6.54M USD Point-in-time
Goodwill Goodwill $59.27M USD Point-in-time
Goodwill Goodwill $16.79M USD Point-in-time
Other assets OtherAssetsNoncurrent - USD Point-in-time
Other assets OtherAssetsNoncurrent $18.68K USD Point-in-time
Total Assets Assets $35.81M USD Point-in-time
Total Assets Assets $83.63M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $2.71M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $6.22M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.95M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $52.82K USD Point-in-time
Settlement liability SettlementLiability - USD Point-in-time
Settlement liability SettlementLiability $470.00K USD Point-in-time
Lease liability, current portion OperatingLeaseLiabilityCurrent $211.75K USD Point-in-time
Lease liability, current portion OperatingLeaseLiabilityCurrent $226.94K USD Point-in-time
Lease liability, current portion OperatingLeaseLiabilityCurrent $196.47K USD Point-in-time
Loans payable, current portion LoansPayableCurrent $212.26K USD Point-in-time
Loans payable, current portion LoansPayableCurrent $213.20K USD Point-in-time
Line of credit LinesOfCreditCurrent $369.83K USD Point-in-time
Line of credit LinesOfCreditCurrent - USD Point-in-time
Convertible note payable, net of debt discount, related party ConvertibleNotesPayableCurrent $1.50M USD Point-in-time
Convertible note payable, net of debt discount, related party ConvertibleNotesPayableCurrent $1.50M USD Point-in-time
Note payable, related party NotesPayableRelatedPartiesClassifiedCurrent - USD Point-in-time
Note payable, related party NotesPayableRelatedPartiesClassifiedCurrent $419.47K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $10.89M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $5.14M USD Point-in-time
Loans payable, net of current portion LongTermLoansPayable $5.28M USD Point-in-time
Loans payable, net of current portion LongTermLoansPayable $5.28M USD Point-in-time
Lease liability, net of current portion OperatingLeaseLiabilityNoncurrent $202.92K USD Point-in-time
Lease liability, net of current portion OperatingLeaseLiabilityNoncurrent $88.04K USD Point-in-time
Total Liabilities Liabilities $10.51M USD Point-in-time
Total Liabilities Liabilities $16.37M 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; 135,458,071 and 125,852,971 shares issued and outstanding on March 31, 2022 and December 31, 2021, respectively CommonStockValue $1.35K USD Point-in-time
Common stock, $.00001 par value; 250,000,000 shares authorized; 135,458,071 and 125,852,971 shares issued and outstanding on March 31, 2022 and December 31, 2021, respectively CommonStockValue $1.26K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $69.31M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $118.31M USD Point-in-time
Accumulated translation adjustment AccumulatedTranslationAdjustment $902.44K USD Point-in-time
Accumulated translation adjustment AccumulatedTranslationAdjustment - USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-51.96M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-44.01M USD Point-in-time
Total Stockholders Equity StockholdersEquity $25.30M USD Point-in-time
Total Stockholders Equity StockholdersEquity $67.26M USD Point-in-time
Total Stockholders Equity StockholdersEquity $7.74M USD Point-in-time
Total Stockholders Equity StockholdersEquity $10.05M USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $35.81M USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $83.63M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $2.56M USD 1 Quarter
Total revenue RevenueFromContractWithCustomerExcludingAssessedTax $9.33M USD 1 Quarter
Total cost of revenue CostOfRevenue $1.84M USD 1 Quarter
Total cost of revenue CostOfRevenue $9.28M USD 1 Quarter
Total gross profit GrossProfit $719.69K USD 1 Quarter
Total gross profit GrossProfit $48.72K USD 1 Quarter
Professional fees ProfessionalFees $623.06K USD 1 Quarter
Professional fees ProfessionalFees $157.35K USD 1 Quarter
Advertising and marketing MarketingAndAdvertisingExpense $45.23K USD 1 Quarter
Advertising and marketing MarketingAndAdvertisingExpense $155.34K USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $4.62M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.49M USD 1 Quarter
Stock based compensation AllocatedShareBasedCompensationExpense $2.57M USD 1 Quarter
Stock based compensation AllocatedShareBasedCompensationExpense $737.84K USD 1 Quarter
Total operating expenses OperatingExpenses $7.96M USD 1 Quarter
Total operating expenses OperatingExpenses $2.43M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.71M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-7.91M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $12.54K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $205.00 USD 1 Quarter
Interest expense, net InterestExpense $68.69K USD 1 Quarter
Interest expense, net InterestExpense $43.59K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-31.04K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-68.49K USD 1 Quarter
Net loss NetIncomeLoss $-7.94M USD 1 Quarter
Net loss NetIncomeLoss $-1.78M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $902.44K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-7.04M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-1.78M USD 1 Quarter
Net loss per common share - basic and diluted EarningsPerShareBasic $-0.02 USD 1 Quarter
Net loss per common share - basic and diluted EarningsPerShareBasic $-0.06 USD 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 133.98M shares 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 116.42M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-7.94M 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 $4.69M USD 1 Quarter
Issuance of common stock for services IssuanceOfStockAndWarrantsForServicesOrClaims $79.95K USD 1 Quarter
Issuance of common stock for services IssuanceOfStockAndWarrantsForServicesOrClaims $2.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $458.99K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $57.52K USD 1 Quarter
Right of use amortization OperatingLeaseRightOfUseAssetAmortizationExpense $45.39K USD 1 Quarter
Right of use amortization OperatingLeaseRightOfUseAssetAmortizationExpense $13.26K USD 1 Quarter
Settlement liability SettlementLiabilites $470.00K USD 1 Quarter
Settlement liability SettlementLiabilites - USD 1 Quarter
Gain on termination of operating lease GainOnTerminationOfOperatingLease - USD 1 Quarter
Gain on termination of operating lease GainOnTerminationOfOperatingLease $-22.29K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-397.55K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $176.48K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $522.34K USD 1 Quarter
Inventory IncreaseDecreaseInInventories - USD 1 Quarter
Contract assets IncreaseDecreaseInContractWithCustomerAsset $86.81K USD 1 Quarter
Contract assets IncreaseDecreaseInContractWithCustomerAsset - USD 1 Quarter
Prepaids and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $865.48K USD 1 Quarter
Prepaids and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $13.43K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.15M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-62.17K USD 1 Quarter
Lease liability IncreaseDecreaseInOperatingLeaseLiability $-16.16K USD 1 Quarter
Lease liability IncreaseDecreaseInOperatingLeaseLiability $-12.77K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue - USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $91.46K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.13M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-3.02M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $103.86K USD 1 Quarter
Cash paid in acquisitions, net PaymentsToAcquireBusinessesGross $4.92M USD 1 Quarter
Cash paid in acquisitions, net PaymentsToAcquireBusinessesGross - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-5.02M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Proceeds from sale of common stock ProceedsFromIssuanceOfCommonStock $3.25M USD 1 Quarter
Proceeds from sale of common stock ProceedsFromIssuanceOfCommonStock $9.47M USD 1 Quarter
Proceeds from stock option exercise ProceedsFromStockOptionsExercised - USD 1 Quarter
Proceeds from stock option exercise ProceedsFromStockOptionsExercised $38.00K USD 1 Quarter
Proceeds from line of credit ProceedsFromLinesOfCredit $221.35K USD 1 Quarter
Proceeds from line of credit ProceedsFromLinesOfCredit $86.58K 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 PaymentsOfLoansPayable $458.72K USD 1 Quarter
Payment on loans payable PaymentsOfLoansPayable $20.61K USD 1 Quarter
Payment on notes payable, related party RepaymentsOfRelatedPartyDebt $125.86K USD 1 Quarter
Payment on notes payable, related party RepaymentsOfRelatedPartyDebt - USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $9.01M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $3.26M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $164.29K USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations - USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $2.13M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.14M 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 $2.73M USD Point-in-time
Cash and cash equivalents - beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $3.86M 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 $2.73M USD Point-in-time
Cash and cash equivalents - end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $3.86M USD Point-in-time
Interest InterestPaidNet $36.07K USD 1 Quarter
Interest InterestPaidNet $34.16K USD 1 Quarter
Income taxes IncomeTaxesPaidNet - USD 1 Quarter
Income taxes IncomeTaxesPaidNet - USD 1 Quarter
Right of use asset and lease liability recorded upon adoption of ASC 842 RightOfUseAssetAndLeaseLiabilityRecordedUponAdoptionOfAsc842 - USD 1 Quarter
Right of use asset and lease liability recorded upon adoption of ASC 842 RightOfUseAssetAndLeaseLiabilityRecordedUponAdoptionOfAsc842 $175.76K USD 1 Quarter
Common stock issued in True Digital acquisition CommonStockIssuedInTrueDigitalAcquisition $34.73M USD 1 Quarter
Common stock issued in True Digital acquisition CommonStockIssuedInTrueDigitalAcquisition - USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $25.30M USD Point-in-time
Beginning balance, value StockholdersEquity $67.26M USD Point-in-time
Beginning balance, value StockholdersEquity $7.74M USD Point-in-time
Beginning balance, value StockholdersEquity $10.05M USD Point-in-time
Stock based compensation - stock options AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $4.69M USD 1 Quarter
Stock based compensation - stock options AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $838.76K USD 1 Quarter
Stock based compensation - common stock StockIssuedDuringPeriodValueShareBasedCompensation $79.95K USD 1 Quarter
Exercise of options StockIssuedDuringPeriodValueStockOptionsExercised $38.00K USD 1 Quarter
Exercise of stock options, shares StockIssuedDuringPeriodSharesStockOptionsExercised 100,000.00 shares 1 Quarter
Stock issued for cash in public offering StockIssuedDuringPeriodValueOther $9.47M USD 1 Quarter
Stock issued for True Digital acquisition StockIssuedDuringPeriodValueAcquisitions $34.73M USD 1 Quarter
Foreign currency translation ForeignCurrencyTranslation $902.44K USD 1 Quarter
Net loss NetIncomeLoss $-7.94M USD 1 Quarter
Net loss NetIncomeLoss $-1.78M USD 1 Quarter
Stock issued for cash StockIssuedDuringPeriodValueNewIssues $3.25M USD 1 Quarter
Ending balance, value StockholdersEquity $25.30M USD Point-in-time
Ending balance, value StockholdersEquity $67.26M USD Point-in-time
Ending balance, value StockholdersEquity $7.74M USD Point-in-time
Ending balance, value StockholdersEquity $10.05M USD Point-in-time

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

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