10-K Filing

BUBBLR INC. CIK: 1873722 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001493152-24-010665`
Period End Date	20231231
Filing Date	20240320
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 52 Cash Flow Statement 66 Stockholders Equity 29

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash	`Cash`	$7.67K	USD	Point-in-time
Cash	`Cash`	$32.53K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$87.50K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$9.88K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.42K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$95.17K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	154.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	159.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	159.69M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.96K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.30K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	154.31M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.33M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.46M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.37M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.49M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.58M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$141.60K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$373.61K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$943.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$50.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$595.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
Warrant derivative liability	`DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement`	$39.12K	USD	Point-in-time
Warrant derivative liability	`DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement`	$198.48K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$591.75K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$734.24K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Series C Convertible Preferred Stock, $0.001 par value, 2,000 authorized, 903 and 903 shares issued and outstanding at December 31, 2023, and 2022	`PreferredStockValue`	$1.00	USD	Point-in-time
Series C Convertible Preferred Stock, $0.001 par value, 2,000 authorized, 903 and 903 shares issued and outstanding at December 31, 2023, and 2022	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 159,690,447 and 154,309,318 shares issued and outstanding at December 31, 2023, and 2022	`CommonStockValue`	$1.60M	USD	Point-in-time
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 159,690,447 and 154,309,318 shares issued and outstanding at December 31, 2023, and 2022	`CommonStockValue`	$1.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$13.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.61M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$412.01K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$350.83K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-496.12K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$86.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.42M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.62K	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
Cost of sales	`CostOfRevenue`	-	USD	Annual
Cost of sales	`CostOfRevenue`	-	USD	Annual
Gross Profit	`GrossProfit`	$2.62K	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.86M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$736.77K	USD	Annual
Professional fees	`ProfessionalFees`	$2.88M	USD	Annual
Professional fees	`ProfessionalFees`	$288.11K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$198.46K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$514.91K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$387.30K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$197.32K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$61.11K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$94.64K	USD	Annual
Total operating expense	`OperatingExpenses`	$4.30M	USD	Annual
Total operating expense	`OperatingExpenses`	$2.92M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.30M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.92M	USD	Annual
Other income	`OtherNonoperatingIncome`	$71.97K	USD	Annual
Other income	`OtherNonoperatingIncome`	$142.21K	USD	Annual
Interest income	`InterestAndOtherIncome`	$104.00	USD	Annual
Interest income	`InterestAndOtherIncome`	$1.55K	USD	Annual
Interest expense	`InterestExpense`	$13.48K	USD	Annual
Interest expense	`InterestExpense`	$575.78K	USD	Annual
Gain on change in fair value of warrant derivative liability	`DerivativeGainLossOnDerivativeNet`	$159.36K	USD	Annual
Gain on change in fair value of warrant derivative liability	`DerivativeGainLossOnDerivativeNet`	$494.75K	USD	Annual
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$50.18K	USD	Annual
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-191.45K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$268.14K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-128.71K	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.43M	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.65M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss after income tax	`NetIncomeLoss`	$-2.65M	USD	Annual
Net loss after income tax	`NetIncomeLoss`	$-4.43M	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-61.18K	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.77K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-61.18K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$34.77K	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.39M	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.71M	USD	Annual
Net loss per common share, basic	`EarningsPerShareBasic`	$-0.02	USD	Annual
Net loss per common share, basic	`EarningsPerShareBasic`	$-0.03	USD	Annual
Net loss per common share, diluted	`EarningsPerShareDiluted`	$-0.03	USD	Annual
Net loss per common share, diluted	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Weighted average number of common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	150.42M	shares	Annual
Weighted average number of common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	156.71M	shares	Annual
Weighted average number of common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	156.71M	shares	Annual
Weighted average number of common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	150.42M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.43M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$450.34K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$2.12M	USD	Annual
Vesting of restricted stock units	`VestingOfDeferredStockBasedCompensation`	$-1.56M	USD	Annual
Vesting of restricted stock units	`VestingOfDeferredStockBasedCompensation`	$-659.05K	USD	Annual
Stock issued for payment of debt	`StockIssuedForPaymentOfDebt`	$821.43K	USD	Annual
Stock issued for payment of debt	`StockIssuedForPaymentOfDebt`	-	USD	Annual
Forfeit of deferred stock compensation	`ForfeitOfDeferredStockCompensation`	$659.05K	USD	Annual
Forfeit of deferred stock compensation	`ForfeitOfDeferredStockCompensation`	-	USD	Annual
Stock based finance incentive	`ShareBasedFinanceIncentive`	-	USD	Annual
Stock based finance incentive	`ShareBasedFinanceIncentive`	$451.52K	USD	Annual
Disposal of fixed assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Disposal of fixed assets	`GainLossOnDispositionOfAssets1`	$-90.00	USD	Annual
Impairment of fixed assets	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Impairment of fixed assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$6.37K	USD	Annual
Gain on change in fair value of warrant derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$494.75K	USD	Annual
Gain on change in fair value of warrant derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$159.36K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$69.71K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$372.98K	USD	Annual
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$184.63K	USD	Annual
Depreciation	`Depreciation`	$12.70K	USD	Annual
Depreciation	`Depreciation`	$14.33K	USD	Annual
(Increase) decrease in other receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.64K	USD	Annual
(Increase) decrease in other receivables	`IncreaseDecreaseInAccountsReceivable`	$75.36K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$8.73K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$227.24K	USD	Annual
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$847.92K	USD	Annual
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$52.23K	USD	Annual
Net cash provided by/(used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.17M	USD	Annual
Net cash provided by/(used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$565.89K	USD	Annual
Proceeds from repayment of advances receivable	`RepaymentOfNotesReceivableFromRelatedParties`	-	USD	Annual
Proceeds from repayment of advances receivable	`RepaymentOfNotesReceivableFromRelatedParties`	$1.23K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$248.37K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$238.90K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-248.37K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-237.67K	USD	Annual
Increase in dividends payable	`PaymentsOfDividends`	$20.03K	USD	Annual
Increase in dividends payable	`PaymentsOfDividends`	$42.88K	USD	Annual
Proceeds from loans payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from loans payable	`ProceedsFromNotesPayable`	$15.00K	USD	Annual
Payment of loans payable	`RepaymentsOfDebt`	$29.94K	USD	Annual
Payment of loans payable	`RepaymentsOfDebt`	$10.76K	USD	Annual
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$572.62K	USD	Annual
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$520.76K	USD	Annual
Repayment of loans payable related party	`RepaymentsOfRelatedPartyDebt`	$821.16K	USD	Annual
Repayment of loans payable related party	`RepaymentsOfRelatedPartyDebt`	$77.94K	USD	Annual
Net proceeds from issuance of Series C Preferred Stock and associated warrants	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$789.00K	USD	Annual
Net proceeds from issuance of Series C Preferred Stock and associated warrants	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-302.19K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.20M	USD	Annual
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$180.08K	USD	Annual
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-40.19K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-30.43K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.86K	USD	Annual
Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$32.53K	USD	Point-in-time
Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.97K	USD	Point-in-time
Cash Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.67K	USD	Point-in-time
Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$32.53K	USD	Point-in-time
Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.97K	USD	Point-in-time
Cash End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.67K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$13.04K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$7.56K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$-496.12K	USD	Point-in-time
Balance	`StockholdersEquity`	$86.28K	USD	Point-in-time
Issuance of common shares for Services - -Executive Board	`StockIssuedDuringPeriodValueShareBasedCompensation`	$75.46K	USD	Annual
Issuance of common shares for consultancy	`StockIssuedDuringPeriodValueIssuedForServices`	$100.00K	USD	Annual
Issuance of common shares for consultancy	`StockIssuedDuringPeriodValueIssuedForServices`	$2.04M	USD	Annual
Issuance of common shares for Equity Finance Agreement Incentive	`StockIssuedDuringPeriodValueOther`	$379.81K	USD	Annual
Issuance of common shares for debt conversion	`StockIssuedDuringPeriodValueIssuanceOfCommonSharesForDebtConversion`	$28.00K	USD	Annual
Issuance of common shares for loan waiver	`StockIssuedDuringPeriodValueIssuedOfCommonSharesForWaiver`	$71.70K	USD	Annual
Issuance of common shares for note conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.35M	USD	Annual
Issuance of common shares Series C Preference Share Dividends	`StockIssuedDuringPeriodValueStockDividend`	$22.13K	USD	Annual
Issuance of common shares Series C Preference Share Dividends	`StockIssuedDuringPeriodValueStockDividend`	$43.80K	USD	Annual
Issuance of Series C Preferred Shares	`StockIssuedDuringPeriodValueIssuanceOfPreferredShares`	$95.77K	USD	Annual
Repurchase and cancellation of Special 2019 Series A Preferred Stock via issuance of related party note payable	`StockRepurchasedAndRetiredDuringPeriodValue`	$60.00K	USD	Annual
Vesting of share options	`AdjustmentsToAdditionalPaidInCapitalOther`	$1.56M	USD	Annual
Vesting of share options	`AdjustmentsToAdditionalPaidInCapitalOther`	$659.05K	USD	Annual
Series C Preferred Shares Dividend	`StockIssuedDuringPeriodValuePreferredSharesDividend`	$-64.29K	USD	Annual
Series C Preferred Shares Dividend	`StockIssuedDuringPeriodValuePreferredSharesDividend`	$-86.69K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.65M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.43M	USD	Annual
Other comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.77K	USD	Annual
Other comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-61.18K	USD	Annual
Issuance of common shares for investor relations	`StockIssuedDuringPeriodValueIssuanceOfCommonSharesForInvestorRelations`	$285.34K	USD	Annual
Issuance of common shares for professional services	`StockIssuedDuringPeriodValueIssuedForProfessionalServices`	$65.00K	USD	Annual
Loan resolution	`StockIssuedDuringPeriodValueLoanResolution`	$821.43K	USD	Annual
Forfeit restrictive stock units	`StockIssuedDuringPeriodValueForfeitRestrictiveStockUnits`	$-659.05K	USD	Annual
Balance	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$-496.12K	USD	Point-in-time
Balance	`StockholdersEquity`	$86.28K	USD	Point-in-time

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