10-Q Filing

PINEAPPLE EXPRESS CANNABIS CO CIK: 1710495 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-022083`
Period End Date	20230430
Filing Date	20230622
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 26 Cash Flow Statement 38 Stockholders Equity 11

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Investment percentage	`InvestmentOwnedPercentOfNetAssets`	0.50	pure	Point-in-time
Common stock value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorised	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock shares authorised	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	19.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	20.34M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	20.34M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	19.00M	shares	Point-in-time
50% investment in subsidiary	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
50% investment in subsidiary	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$209.30K	USD	Point-in-time
Due from related party	`OtherReceivables`	-	USD	Point-in-time
Due from related party	`OtherReceivables`	$112.96K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$322.26K	USD	Point-in-time
Equipment, software, leasehold improvement, net	`PropertyPlantAndEquipmentNet`	$2.19K	USD	Point-in-time
Equipment, software, leasehold improvement, net	`PropertyPlantAndEquipmentNet`	$2.30K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$2.30K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$2.19K	USD	Point-in-time
Total Assets	`Assets`	$324.44K	USD	Point-in-time
Total Assets	`Assets`	$2.30K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.31K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$19.20K	USD	Point-in-time
Related party loan	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Related party loan	`OtherLiabilitiesCurrent`	$45.34K	USD	Point-in-time
Deposit for stock purchase	`Deposits`	$500.00K	USD	Point-in-time
Deposit for stock purchase	`Deposits`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$19.20K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$546.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$19.20K	USD	Point-in-time
Total Liabilities	`Liabilities`	$546.65K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 20,344,550 and 19,004,550 shares issued and outstanding, respectively	`CommonStockValue`	$19.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 20,344,550 and 19,004,550 shares issued and outstanding, respectively	`CommonStockValue`	$20.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$688.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.64K	USD	Point-in-time
Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-403.40K	USD	Point-in-time
Accumulated Deficit)	`RetainedEarningsAccumulatedDeficit`	$-583.00K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-58.91K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$305.25K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-544.35K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-64.53K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$2.30K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$324.44K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.65K	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.28K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$29.71K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$10.28K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$29.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-29.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.63K	USD	1 Quarter
Income from equity-method investment	`GainLossOnInvestments`	$209.30K	USD	1 Quarter
Income from equity-method investment	`GainLossOnInvestments`	-	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$209.30K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Income from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Income from operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$179.59K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$179.59K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-5.63K	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 NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	3.73M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	20.34M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$179.59K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.63K	USD	1 Quarter
Depreciation	`Depreciation`	$115.00	USD	1 Quarter
Depreciation	`Depreciation`	$938.00	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.33K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.89K	USD	1 Quarter
Income from equity-method investment	`IncomeLossFromEquityMethodInvestments`	$209.30K	USD	1 Quarter
Income from equity-method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
CASH FLOWS FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-11.70K	USD	1 Quarter
CASH FLOWS FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-9.02K	USD	1 Quarter
Related party loan	`ProceedsFromRelatedPartyDebt`	$4.10K	USD	1 Quarter
Related party loan	`ProceedsFromRelatedPartyDebt`	$11.70K	USD	1 Quarter
Capital stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Capital stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Loss of cash account in reverse merger transaction	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	1 Quarter
Loss of cash account in reverse merger transaction	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$11.70K	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$4.10K	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	1 Quarter
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.92K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$352.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.27K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$352.00	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.27K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-58.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$305.25K	USD	Point-in-time
Balance	`StockholdersEquity`	$-544.35K	USD	Point-in-time
Balance	`StockholdersEquity`	$-64.53K	USD	Point-in-time
Net income (Loss)	`NetIncomeLoss`	$179.59K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$-5.63K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$670.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$-58.91K	USD	Point-in-time
Balance	`StockholdersEquity`	$305.25K	USD	Point-in-time
Balance	`StockholdersEquity`	$-544.35K	USD	Point-in-time
Balance	`StockholdersEquity`	$-64.53K	USD	Point-in-time

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