10-Q Filing

PINEAPPLE, INC. CIK: 1654672 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-015278`
Period End Date	20220331
Filing Date	20220527
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 24 Cash Flow Statement 40 Stockholders Equity 12

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
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`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$21.00	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$21.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$6.92K	USD	Point-in-time
Property and equipment - net	`PropertyPlantAndEquipmentNet`	$8.52K	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
Common stock, shares issued	`CommonStockSharesIssued`	91.16M	shares	Point-in-time
Equity-method investment	`EquityMethodInvestments`	$9.29M	USD	Point-in-time
Equity-method investment	`EquityMethodInvestments`	$9.79M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	91.16M	shares	Point-in-time
Deposit on stock purchase agreement related party	`DepositsAssetsNoncurrent`	$100.00K	USD	Point-in-time
Deposit on stock purchase agreement related party	`DepositsAssetsNoncurrent`	$195.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	91.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	91.16M	shares	Point-in-time
Total Other Assets	`OtherAssets`	$9.39M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$9.99M	USD	Point-in-time
Total Assets	`Assets`	$9.40M	USD	Point-in-time
Total Assets	`Assets`	$9.99M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$715.55K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$714.42K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableAndAccruedLiabilitiesRelatedPartyCurrent`	$20.73K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableAndAccruedLiabilitiesRelatedPartyCurrent`	$16.50K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$6.77K	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$6.77K	USD	Point-in-time
Settlement payable-related party	`SettlementPayableRelatedPartyCurrent`	$615.00K	USD	Point-in-time
Settlement payable-related party	`SettlementPayableRelatedPartyCurrent`	$615.00K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$529.95K	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$623.23K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$912.87K	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$886.92K	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`	$105.52K	USD	Point-in-time
Contingent liabilities	`LossContingencyAccrualCarryingValueCurrent`	$105.52K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.07M	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, 91,163,569 shares issued and outstanding as of March 31, 2022, and December 30, 2021, respectively	`CommonStockValue`	$9.00	USD	Point-in-time
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 91,163,569 shares issued and outstanding as of March 31, 2022, and December 30, 2021, respectively	`CommonStockValue`	$9.00	USD	Point-in-time
Subscription received shares to be issued	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivables`	$100.00K	USD	Point-in-time
Subscription received shares to be issued	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivables`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$22.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$22.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.67M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$6.47M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$6.81M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$6.73M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$6.33M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.99M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.40M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$124.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$127.32K	USD	1 Quarter
Depreciation	`Depreciation`	$1.60K	USD	1 Quarter
Depreciation	`Depreciation`	$1.54K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$126.24K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$128.92K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-128.92K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-126.24K	USD	1 Quarter
Income (loss) from equity-method investment	`GainLossOnInvestments`	$-283.19K	USD	1 Quarter
Income (loss) from equity-method investment	`GainLossOnInvestments`	$504.14K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-283.19K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$504.14K	USD	1 Quarter
Income (Loss) from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$375.21K	USD	1 Quarter
Income (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 Income (Loss)	`NetIncomeLoss`	$-409.43K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$375.21K	USD	1 Quarter
Net Income (Loss) Per Share Basic and Diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Net Income (Loss) Per Share Basic and Diluted	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted Average Common Shares Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	91.16M	shares	1 Quarter
Weighted Average Common Shares Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	88.46M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-409.43K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$375.21K	USD	1 Quarter
Depreciation	`Depreciation`	$1.60K	USD	1 Quarter
Depreciation	`Depreciation`	$1.54K	USD	1 Quarter
Loss (income) from equity-method investment	`IncomeLossFromEquityMethodInvestments`	$504.14K	USD	1 Quarter
Loss (income) from equity-method investment	`IncomeLossFromEquityMethodInvestments`	$-283.19K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.18K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-36.19K	USD	1 Quarter
Accounts payable related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$4.23K	USD	1 Quarter
Accounts payable related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$50.98K	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$93.28K	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`	$-3.63K	USD	1 Quarter
Deposit on stock purchase agreement	`DepositInStockPurchaseAgreement`	-	USD	1 Quarter
Deposit on stock purchase agreement	`DepositInStockPurchaseAgreement`	$95.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-95.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds for stock subscription received	`ProceedsFromStockSubscriptionReceived`	$147.00K	USD	1 Quarter
Proceeds for stock subscription received	`ProceedsFromStockSubscriptionReceived`	$100.00K	USD	1 Quarter
Proceeds from related party notes payable	`ProceedsFromRelatedPartyDebt`	$2.65K	USD	1 Quarter
Proceeds from related party notes payable	`ProceedsFromRelatedPartyDebt`	$9.23K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$4.00K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$86.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.65K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$69.33K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$21.00	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`	$21.00	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`	$21.00	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

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$6.47M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.81M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.73M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.33M	USD	Point-in-time
Common stock subscription received	`CommonStockForCashToBeIssued`	$100.00K	USD	1 Quarter
Common stock subscription received	`CommonStockForCashToBeIssued`	$147.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-409.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$375.21K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$6.47M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.81M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.73M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.33M	USD	Point-in-time

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