10-K Filing

BULLFROG AI HOLDINGS, INC. CIK: 1829247 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001493152-23-013524`
Period End Date	20221231
Filing Date	20230425
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 20

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$57.67K	USD	Point-in-time
Cash	`Cash`	$10.01K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$15.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$72.67K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.01K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$7.70K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$7.70K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.01K	USD	Point-in-time
Debt discount	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$80.37K	USD	Point-in-time
Debt discount	`DebtInstrumentUnamortizedDiscount`	$12.96K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$543.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.59K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$68.56K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$416.07K	USD	Point-in-time
Accrued expenses-related party	`AccruedLiabilitiesRelatedPartiesCurrent`	$566.92K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accrued expenses-related party	`AccruedLiabilitiesRelatedPartiesCurrent`	$285.67K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$32.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$10.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$49.00K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	4.02M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	4.62M	shares	Point-in-time
Convertible notes, net of $0 and $12,962 debt discount, respectively	`ConvertibleDebtCurrent`	$1.32M	USD	Point-in-time
Convertible notes, net of $0 and $12,962 debt discount, respectively	`ConvertibleDebtCurrent`	$284.04K	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	4.02M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	4.62M	shares	Point-in-time
Convertible notes-related party, net of $0 and $1,584 debt discount, respectively	`ConvertibleNotesPayableRelatedPartiesCurrent`	$253.27K	USD	Point-in-time
Convertible notes-related party, net of $0 and $1,584 debt discount, respectively	`ConvertibleNotesPayableRelatedPartiesCurrent`	$254.85K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.14M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.14M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.02M	USD	Point-in-time
Series A Preferred stock, $0.00001 par value, 5,500,000 shares authorized; 73,449 and 0 shares are issued and outstanding, respectively,	`PreferredStockValue`	$1.00	USD	Point-in-time
Series A Preferred stock, $0.00001 par value, 5,500,000 shares authorized; 73,449 and 0 shares are issued and outstanding, respectively,	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 100,000,000 shares authorized; 4,021,935 and 4,622,789 shares are issued and outstanding as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$40.00	USD	Point-in-time
Common stock, $0.00001 par value, 100,000,000 shares authorized; 4,021,935 and 4,622,789 shares are issued and outstanding as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$46.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$587.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.60M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-1.01M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-540.52K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-3.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$10.01K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$80.37K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.00K	USD	Annual
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
TOTAL NET REVENUES	`Revenues`	-	USD	Annual
TOTAL NET REVENUES	`Revenues`	$10.00K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$800.00	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	Annual
TOTAL COST OF GOODS SOLD	`CostOfRevenue`	-	USD	Annual
TOTAL COST OF GOODS SOLD	`CostOfRevenue`	$800.00	USD	Annual
GROSS PROFIT	`GrossProfit`	$9.20K	USD	Annual
GROSS PROFIT	`GrossProfit`	-	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$25.00K	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$609.27K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$327.33K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.31M	USD	Annual
Payroll and salary	`SalariesAndWages`	$98.25K	USD	Annual
Payroll and salary	`SalariesAndWages`	-	USD	Annual
Payroll and salary-related party	`PayrollAndSalaryRelatedParties`	$203.03K	USD	Annual
Payroll and salary-related party	`PayrollAndSalaryRelatedParties`	$449.60K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.47M	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$555.36K	USD	Annual
(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-2.46M	USD	Annual
(LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-555.36K	USD	Annual
Interest expense	`InterestExpense`	$347.14K	USD	Annual
Interest expense	`InterestExpense`	$40.40K	USD	Annual
Other Income	`OtherNonoperatingIncomeExpense`	$9.92K	USD	Annual
Other Income	`OtherNonoperatingIncomeExpense`	$459.00	USD	Annual
TOTAL OTHER (EXPENSE)	`NonoperatingIncomeExpense`	$-346.69K	USD	Annual
TOTAL OTHER (EXPENSE)	`NonoperatingIncomeExpense`	$-30.48K	USD	Annual
NET (LOSS)	`NetIncomeLoss`	$-585.84K	USD	Annual
NET (LOSS)	`NetIncomeLoss`	$-2.80M	USD	Annual
Basic and diluted	`EarningsPerShareBasic`	$-0.70	USD	Annual
Basic and diluted	`EarningsPerShareBasic`	$-14.00	USD	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	4.12M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	4.01M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-585.84K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-2.80M	USD	Annual
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$9.92K	USD	Annual
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Depreciation expense	`Depreciation`	$1.04K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Shares issuance for license	`IssuanceOfStockForLicense`	$189.83K	USD	Annual
Shares issuance for license	`IssuanceOfStockForLicense`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$98.95K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$340.15K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$12.66K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$214.43K	USD	Annual
Imputed Interest	`ReceivablesWithImputedInterestAmount`	$-9.22K	USD	Annual
Imputed Interest	`ReceivablesWithImputedInterestAmount`	$-4.54K	USD	Annual
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$15.00K	USD	Annual
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-25.85K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$475.40K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$27.38K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$373.27K	USD	Annual
Accrued expenses-related party	`IncreaseDecreaseInAccruedExpensesRelatedParties`	$85.67K	USD	Annual
Accrued expenses-related party	`IncreaseDecreaseInAccruedExpensesRelatedParties`	$281.25K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$22.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$10.00K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-382.40K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-910.89K	USD	Annual
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.74K	USD	Annual
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
NET CASH FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
NET CASH FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-8.74K	USD	Annual
Proceeds from convertible notes payables	`ProceedsFromConvertibleDebt`	$1.02M	USD	Annual
Proceeds from convertible notes payables	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from convertible notes payables-related party	`ProceedsFromConvertibleNotesPayableRelatedParty`	$298.90K	USD	Annual
Proceeds from convertible notes payables-related party	`ProceedsFromConvertibleNotesPayableRelatedParty`	-	USD	Annual
Repayment of note payable and interest-related party	`RepaymentsOfRelatedPartyDebt`	$49.00K	USD	Annual
Repayment of note payable and interest-related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from notes payables - related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from notes payables - related party	`ProceedsFromRelatedPartyDebt`	$88.40K	USD	Annual
Proceeds from subscription payable	`ProceedsFromOtherEquity`	-	USD	Annual
Proceeds from subscription payable	`ProceedsFromOtherEquity`	$100.00	USD	Annual
NET CASH FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$387.40K	USD	Annual
NET CASH FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$967.29K	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.00K	USD	Annual
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$47.66K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.01K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.67K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.02K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.01K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.67K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.02K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	$5.76K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Reclassification of warrant	`ReclassificationOfWarrant`	-	USD	Annual
Reclassification of warrant	`ReclassificationOfWarrant`	$11.10K	USD	Annual
Conversion of Convertible Note payable	`ConversionOfConvertibleNotePayable`	$226.14K	USD	Annual
Conversion of Convertible Note payable	`ConversionOfConvertibleNotePayable`	-	USD	Annual
Cancellation of common stocks	`CancellationOfCommonStock`	$8.00	USD	Annual
Cancellation of common stocks	`CancellationOfCommonStock`	-	USD	Annual
Shares issued for license	`StockIssued1`	$189.83K	USD	Annual
Shares issued for license	`StockIssued1`	-	USD	Annual
Shares issued for services	`StockIssuedForServices`	$340.15K	USD	Annual
Shares issued for services	`StockIssuedForServices`	$20.00	USD	Annual
Warrants issued with convertible notes	`WarrantsIssuedForConvertibleNotes`	-	USD	Annual
Warrants issued with convertible notes	`WarrantsIssuedForConvertibleNotes`	$13.66K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$-540.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.06M	USD	Point-in-time
Cash from subscription receivables	`StockholderEquitySubscriptionsReceivable`	$100.00	USD	Annual
Warrants issued with convertible notes	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$13.66K	USD	Annual
Imputed Interest	`AdjustmentsToAdditionalPaidInCapitalOther`	$9.22K	USD	Annual
Imputed Interest	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.54K	USD	Annual
Equity compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$340.15K	USD	Annual
Equity compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.38K	USD	Annual
Equity compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$89.57K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-585.84K	USD	Annual
Net (Loss)	`NetIncomeLoss`	$-2.80M	USD	Annual
Conversion of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$226.14K	USD	Annual
Reclassification of warrant	`AdjustmentsToAdditionalPaidInReclassificationsOfWarrant`	$-11.10K	USD	Annual
Shares cancellation	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	Annual
Shares issuance for license	`StockIssuedDuringPeriodValueOther`	$189.83K	USD	Annual
Common stocks converted to Series A Preferred stock	`StockIssuedDuringPeriodValueConversionOfUnits`	-	USD	Annual
Balance	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$-540.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.06M	USD	Point-in-time

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