10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001493152-23-017431 |
| Period End Date | 20230331 |
| Filing Date | 20230515 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | form10-q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
57 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
|
100.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.38M | USD | Point-in-time |
| Cash and Cash Equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.31M | USD | Point-in-time |
| Restricted Cash |
RestrictedCashCurrent
|
$129.70K | USD | Point-in-time |
| Restricted Cash |
RestrictedCashCurrent
|
$129.53K | USD | Point-in-time |
| Accounts Receivable, Net |
AccountsReceivableNetCurrent
|
$1.22M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Accounts Receivable, Net |
AccountsReceivableNetCurrent
|
$505.58K | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Inventory, Net |
InventoryNet
|
$526.47K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Inventory, Net |
InventoryNet
|
$388.25K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
16.01M | shares | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$162.47K | USD | Point-in-time |
| Other Current Assets |
OtherAssetsCurrent
|
$371.99K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
15.07M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
15.07M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
16.01M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$9.57M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$9.56M | USD | Point-in-time |
| PROPERTY AND EQUIPMENT, NET |
PropertyPlantAndEquipmentNet
|
$204.52K | USD | Point-in-time |
| PROPERTY AND EQUIPMENT, NET |
PropertyPlantAndEquipmentNet
|
$32.91K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$267.39K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$288.60K | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$267.39K | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$288.60K | USD | Point-in-time |
| Total Assets |
Assets
|
$10.06M | USD | Point-in-time |
| Total Assets |
Assets
|
$9.86M | USD | Point-in-time |
| Accounts and Other Payables |
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
$1.31M | USD | Point-in-time |
| Accounts and Other Payables |
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
$1.64M | USD | Point-in-time |
| Due to Related Parties |
OtherLiabilitiesCurrent
|
- | USD | Point-in-time |
| Short Term Debt |
ShortTermBorrowings
|
$163.75K | USD | Point-in-time |
| Short Term Debt |
ShortTermBorrowings
|
$398.41K | USD | Point-in-time |
| Current Portion of Long-Term Debt |
LongTermDebtCurrent
|
$65.41K | USD | Point-in-time |
| Current Portion of Long-Term Debt |
LongTermDebtCurrent
|
$65.50K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$2.10M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.54M | USD | Point-in-time |
| LONG-TERM DEBT |
LongTermDebt
|
$190.78K | USD | Point-in-time |
| LONG-TERM DEBT |
LongTermDebt
|
$174.66K | USD | Point-in-time |
| LONG-TERM DIVIDENDS PAYABLE |
LongTermDividendPayable
|
- | USD | Point-in-time |
| Common Stock, $0.00001 par value; 100,000,000 shares authorized; 16,012,639 and 15,066,739 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$150.00 | USD | Point-in-time |
| Common Stock, $0.00001 par value; 100,000,000 shares authorized; 16,012,639 and 15,066,739 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$159.00 | USD | Point-in-time |
| Additional Paid-In Capital |
AdditionalPaidInCapital
|
$53.82M | USD | Point-in-time |
| Additional Paid-In Capital |
AdditionalPaidInCapital
|
$52.50M | USD | Point-in-time |
| Accumulated Comprehensive Loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-220.64K | USD | Point-in-time |
| Accumulated Comprehensive Loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-221.32K | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-44.71M | USD | Point-in-time |
| Accumulated Deficit |
RetainedEarningsAccumulatedDeficit
|
$-45.26M | USD | Point-in-time |
| Total Stockholders Equity (Deficit) |
StockholdersEquity
|
$7.57M | USD | Point-in-time |
| Total Stockholders Equity (Deficit) |
StockholdersEquity
|
$-777.28K | USD | Point-in-time |
| Total Stockholders Equity (Deficit) |
StockholdersEquity
|
$8.34M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$10.06M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$9.86M | USD | Point-in-time |
Income Statement
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| TOTAL REVENUE |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$230.86K | USD | 1 Quarter |
| TOTAL REVENUE |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.21M | USD | 1 Quarter |
| COST OF REVENUE |
CostOfRevenue
|
$1.72M | USD | 1 Quarter |
| COST OF REVENUE |
CostOfRevenue
|
$90.31K | USD | 1 Quarter |
| GROSS PROFIT |
GrossProfit
|
$140.55K | USD | 1 Quarter |
| GROSS PROFIT |
GrossProfit
|
$486.67K | USD | 1 Quarter |
| General & Administrative |
SellingGeneralAndAdministrativeExpense
|
$792.16K | USD | 1 Quarter |
| General & Administrative |
SellingGeneralAndAdministrativeExpense
|
$1.04M | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$792.16K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$1.04M | USD | 1 Quarter |
| LOSS FROM OPERATIONS |
OperatingIncomeLoss
|
$-651.62K | USD | 1 Quarter |
| LOSS FROM OPERATIONS |
OperatingIncomeLoss
|
$-550.96K | USD | 1 Quarter |
| Miscellaneous Income (Expense) |
MiscellaneousIncomeExpense
|
$53.00 | USD | 1 Quarter |
| Miscellaneous Income (Expense) |
MiscellaneousIncomeExpense
|
$172.00 | USD | 1 Quarter |
| Interest Income |
InvestmentIncomeInterest
|
$616.00 | USD | 1 Quarter |
| Interest Income |
InvestmentIncomeInterest
|
$19.86K | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$517.00 | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$12.83K | USD | 1 Quarter |
| Total Other Income (Expense) |
NonoperatingIncomeExpense
|
$-12.04K | USD | 1 Quarter |
| Total Other Income (Expense) |
NonoperatingIncomeExpense
|
$19.40K | USD | 1 Quarter |
| LOSS BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-531.56K | USD | 1 Quarter |
| LOSS BEFORE INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-663.66K | USD | 1 Quarter |
| BENEFIT (PROVISION) FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$18.70K | USD | 1 Quarter |
| BENEFIT (PROVISION) FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$3.14K | USD | 1 Quarter |
| NET LOSS |
NetIncomeLoss
|
$-550.26K | USD | 1 Quarter |
| NET LOSS |
NetIncomeLoss
|
$-666.80K | USD | 1 Quarter |
| NET LOSS |
NetIncomeLoss
|
$-3.35M | USD | Annual |
| BASIC AND DILUTED LOSS PER SHARE |
EarningsPerShareBasic
|
$-0.04 | USD | 1 Quarter |
| BASIC AND DILUTED LOSS PER SHARE |
EarningsPerShareBasic
|
$-0.07 | USD | 1 Quarter |
| WEIGHTED AVERAGE SHARES |
WeightedAverageNumberOfSharesOutstandingBasic
|
9.67M | shares | 1 Quarter |
| WEIGHTED AVERAGE SHARES |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.49M | shares | 1 Quarter |
Cash Flow Statement
61 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Loss |
NetIncomeLoss
|
$-550.26K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-666.80K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-3.35M | USD | Annual |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$4.66K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$5.03K | USD | 1 Quarter |
| Stock Option Compensation |
StockOptionPlanExpense
|
- | USD | 1 Quarter |
| Stock Option Compensation |
StockOptionPlanExpense
|
$67.50K | USD | 1 Quarter |
| Accounts Receivable |
IncreaseDecreaseInAccountsReceivable
|
$-717.11K | USD | 1 Quarter |
| Accounts Receivable |
IncreaseDecreaseInAccountsReceivable
|
$-330.27K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-138.22K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$242.58K | USD | 1 Quarter |
| Other Current Assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-209.52K | USD | 1 Quarter |
| Other Current Assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-31.09K | USD | 1 Quarter |
| Other Assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$-8.30K | USD | 1 Quarter |
| Other Assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$21.35K | USD | 1 Quarter |
| Increase (Decrease) in Accounts and Other Payables |
IncreaseDecreaseInOtherAccountsPayable
|
$-325.71K | USD | 1 Quarter |
| Increase (Decrease) in Accounts and Other Payables |
IncreaseDecreaseInOtherAccountsPayable
|
$-302.67K | USD | 1 Quarter |
| Net Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$172.56K | USD | 1 Quarter |
| Net Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-770.22K | USD | 1 Quarter |
| Purchase of Property and Equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.70K | USD | 1 Quarter |
| Purchase of Property and Equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$176.16K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-4.70K | USD | 1 Quarter |
| Net Cash Provided by (Used in) Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-176.16K | USD | 1 Quarter |
| Changes in Restricted Cash |
ProceedsFromRepaymentsOfChangesInRestrictedCash
|
$-175.00 | USD | 1 Quarter |
| Changes in Restricted Cash |
ProceedsFromRepaymentsOfChangesInRestrictedCash
|
- | USD | 1 Quarter |
| Proceeds from (Payments on) Short-Term Notes Payable/Debt |
ProceedsFromRepaymentsOfShortTermDebt
|
$-234.57K | USD | 1 Quarter |
| Proceeds from (Payments on) Short-Term Notes Payable/Debt |
ProceedsFromRepaymentsOfShortTermDebt
|
$174.65K | USD | 1 Quarter |
| Proceeds from (Payments to) Due to Related Parties |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
- | USD | 1 Quarter |
| Proceeds from (Payments to) Due to Related Parties |
ProceedsFromRepaymentsOfRelatedPartyDebt
|
- | USD | 1 Quarter |
| Proceeds from (Payments to) Long-Term Debt |
ProceedsFromRepaymentsOfNotesPayable
|
$-16.11K | USD | 1 Quarter |
| Proceeds from (Payments to) Long-Term Debt |
ProceedsFromRepaymentsOfNotesPayable
|
$-29.11K | USD | 1 Quarter |
| Payments for Deferred Finance Costs |
PaymentsForProceedsFromFinancingAndStockIssuanceCosts
|
- | USD | 1 Quarter |
| Payments for Deferred Finance Costs |
PaymentsForProceedsFromFinancingAndStockIssuanceCosts
|
- | USD | 1 Quarter |
| Common Stock Issued, Net of (Cost of Capital) |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Common Stock Issued, Net of (Cost of Capital) |
ProceedsFromIssuanceOfCommonStock
|
$1.32M | USD | 1 Quarter |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.07M | USD | 1 Quarter |
| Net Cash Provided by Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$145.54K | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-674.00 | USD | 1 Quarter |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-8.96K | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.07M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-638.34K | USD | 1 Quarter |
| Cash and Cash Equivalents- Beginning of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$1.39M | USD | Point-in-time |
| Cash and Cash Equivalents- Beginning of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$7.31M | USD | Point-in-time |
| Cash and Cash Equivalents- Beginning of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$746.93K | USD | Point-in-time |
| Cash and Cash Equivalents- Beginning of Period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$8.38M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$1.39M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$7.31M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$746.93K | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS - END OF PERIOD |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$8.38M | USD | Point-in-time |
| Interest Paid |
InterestPaidNet
|
$330.00 | USD | 1 Quarter |
| Interest Paid |
InterestPaidNet
|
$517.00 | USD | 1 Quarter |
| Income Tax Paid |
IncomeTaxesPaidNet
|
$1.63K | USD | 1 Quarter |
| Income Tax Paid |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Common Stock issued for Consulting Agreements related to Cost of Capital |
StockIssued1
|
- | USD | 1 Quarter |
| Common Stock issued for Consulting Agreements related to Cost of Capital |
StockIssued1
|
$1.90M | USD | 1 Quarter |
| Dividends Paid with Series B Preferred Stock |
DividendsPaidWithSeriesBPreferredStock
|
$23.75K | USD | 1 Quarter |
| Dividends Paid with Series B Preferred Stock |
DividendsPaidWithSeriesBPreferredStock
|
- | USD | 1 Quarter |
| Warrants Issued for Interest |
WarrantsIssuedForInterest
|
$139.46K | USD | 1 Quarter |
| Warrants Issued for Interest |
WarrantsIssuedForInterest
|
- | USD | 1 Quarter |
| Warrants Issued for Services |
WarrantsIssuedForServices
|
$11.47K | USD | 1 Quarter |
| Warrants Issued for Services |
WarrantsIssuedForServices
|
- | USD | 1 Quarter |
Stockholders Equity
21 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance, value |
StockholdersEquity
|
$7.57M | USD | Point-in-time |
| Balance, value |
StockholdersEquity
|
$-777.28K | USD | Point-in-time |
| Balance, value |
StockholdersEquity
|
$8.34M | USD | Point-in-time |
| Costs of Capital |
AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts
|
$-1.16M | USD | Annual |
| Stock Based Compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$120.58K | USD | Annual |
| Common Stock issued for conversion error |
StockIssuedDuringPeriodValueConversionOfUnits
|
- | USD | Annual |
| Common Stock issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$219.90K | USD | Annual |
| Warrants for Services |
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
$5.55K | USD | Annual |
| Exercise of options and warrants |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$23.00K | USD | Annual |
| Common Stock Offering for Cash |
StockIssuedDuringPeriodValueNewIssues
|
$8.01M | USD | Annual |
| Common Stock and Pre-Funded Warrant Offering for Cash August 2022 |
CommonStockAndPrefundedWarrantOffering
|
$5.00M | USD | Annual |
| Warrants sold in Over allotment |
AdjustmentsToAdditionalPaidInCapitalWarrantsSoldInOverAllotment
|
$2.80K | USD | Annual |
| Net Loss |
NetIncomeLoss
|
$-550.26K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-666.80K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-3.35M | USD | Annual |
| Comprehensive Loss |
OtherComprehensiveIncomeLossNetOfTax
|
$-77.15K | USD | Annual |
| Comprehensive Loss |
OtherComprehensiveIncomeLossNetOfTax
|
$-674.00 | USD | 1 Quarter |
| Exercise of warrants issued August 2022 |
StockIssuedDuringPeriodValueStockWarrantsExercised
|
$1.32M | USD | 1 Quarter |
| Balance, value |
StockholdersEquity
|
$7.57M | USD | Point-in-time |
| Balance, value |
StockholdersEquity
|
$-777.28K | USD | Point-in-time |
| Balance, value |
StockholdersEquity
|
$8.34M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.