10-Q Filing

FYNTECHNICAL INNOVATIONS INC CIK: 1497230 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001654954-24-002891`
Period End Date	20230630
Filing Date	20240308
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	smcentertainment_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 50 Cash Flow Statement 56 Stockholders Equity 31

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$2.35K	USD	Point-in-time
Cash	`Cash`	$41.09K	USD	Point-in-time
Receivable	`ReceivablesNetCurrent`	$300.00K	USD	Point-in-time
Receivable	`ReceivablesNetCurrent`	$300.00K	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.00K	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$308.35K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$341.09K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Goodwill	`Goodwill`	$64.19K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Total Assets	`Assets`	$308.35K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.16B	shares	Point-in-time
Total Assets	`Assets`	$405.29K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	962.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	962.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.16B	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.88K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.04K	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$1.21M	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$926.84K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$20.62K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$15.62K	USD	Point-in-time
Convertible notes and accrued interest	`ConvertibleNotesPayableCurrent`	$1.21M	USD	Point-in-time
Convertible notes and accrued interest	`ConvertibleNotesPayableCurrent`	$1.15M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$536.40K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$652.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.66M	USD	Point-in-time
Common stock $0.001 par value, 3,000,000,000 shares authorized; 1,162,060,743 and 962,535,830 shares issued and outstanding, respectively	`CommonStockValue`	$962.54K	USD	Point-in-time
Common stock $0.001 par value, 3,000,000,000 shares authorized; 1,162,060,743 and 962,535,830 shares issued and outstanding, respectively	`CommonStockValue`	$1.16M	USD	Point-in-time
Discount for series B Preferred stock	`DiscountForSeriesBPreferredStock`	$-24.97M	USD	Point-in-time
Discount for series B Preferred stock	`DiscountForSeriesBPreferredStock`	-	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	$16.90K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	$23.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.79M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.45M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.62M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.78M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.92M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$405.29K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$308.35K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$134.85K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$160.11K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$92.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$51.66K	USD	1 Quarter
Compensation expense - related party	`CompensationExpenseRelatedParty`	$145.68K	USD	1 Quarter
Compensation expense - related party	`CompensationExpenseRelatedParty`	$2.67M	USD	2 Qtrs
Compensation expense - related party	`CompensationExpenseRelatedParty`	$144.05K	USD	1 Quarter
Compensation expense - related party	`CompensationExpenseRelatedParty`	$288.40K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$197.34K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$423.25K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$236.62K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.83M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-423.25K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-236.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-197.34K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.83M	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.90K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.43K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.47K	USD	1 Quarter
Interest expense	`InterestExpense`	$39.84K	USD	2 Qtrs
Gain on conversion	`GainOnConversionOfDebt`	-	USD	1 Quarter
Gain on conversion	`GainOnConversionOfDebt`	$7.64K	USD	2 Qtrs
Gain on conversion	`GainOnConversionOfDebt`	-	USD	2 Qtrs
Gain on conversion	`GainOnConversionOfDebt`	$7.64K	USD	1 Quarter
Loss on conversion	`GainLossOnConversionOfDebt`	$-57.50K	USD	2 Qtrs
Loss on conversion	`GainLossOnConversionOfDebt`	$-57.50K	USD	1 Quarter
Loss on conversion	`GainLossOnConversionOfDebt`	-	USD	2 Qtrs
Loss on conversion	`GainLossOnConversionOfDebt`	-	USD	1 Quarter
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$-293.46K	USD	1 Quarter
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$-303.50K	USD	2 Qtrs
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$-67.17K	USD	1 Quarter
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$1.14M	USD	2 Qtrs
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-310.36K	USD	1 Quarter
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-122.51K	USD	1 Quarter
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-366.79K	USD	2 Qtrs
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$1.10M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-359.13K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-507.70K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.73M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-430.91K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-790.04K	USD	2 Qtrs
Net loss per share - basic and diluted	`NetLossPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`NetLossPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`NetLossPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`NetLossPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	913.61M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	1.03B	shares	2 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	1.05B	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	912.19M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-359.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-507.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.73M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-430.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-790.04K	USD	2 Qtrs
Common stock issued for services - related party	`CommonStockIssuedForServicesRelatedParty`	$8.40K	USD	2 Qtrs
Common stock issued for services - related party	`CommonStockIssuedForServicesRelatedParty`	$2.40M	USD	2 Qtrs
Common stock issued for services	`CommonStockIssuedForServices`	$37.50K	USD	2 Qtrs
Common stock issued for services	`CommonStockIssuedForServices`	$52.50K	USD	2 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	$-1.14M	USD	2 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	$303.50K	USD	2 Qtrs
Gain on conversion	`GainOnConversionOfDebt`	-	USD	1 Quarter
Gain on conversion	`GainOnConversionOfDebt`	$7.64K	USD	2 Qtrs
Gain on conversion	`GainOnConversionOfDebt`	-	USD	2 Qtrs
Gain on conversion	`GainOnConversionOfDebt`	$7.64K	USD	1 Quarter
Loss on conversion	`GainLossOnConversionOfDebt`	$-57.50K	USD	2 Qtrs
Loss on conversion	`GainLossOnConversionOfDebt`	$-57.50K	USD	1 Quarter
Loss on conversion	`GainLossOnConversionOfDebt`	-	USD	2 Qtrs
Loss on conversion	`GainLossOnConversionOfDebt`	-	USD	1 Quarter
Debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Debt discount	`AmortizationOfDebtDiscountPremium`	$4.60K	USD	2 Qtrs
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	2 Qtrs
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$6.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.25K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$9.34K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$35.24K	USD	2 Qtrs
Accrued compensation - related party	`IncreaseDecreaseAccruedCompensationReletedParty`	$221.96K	USD	2 Qtrs
Accrued compensation - related party	`IncreaseDecreaseAccruedCompensationReletedParty`	$280.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-161.65K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.18K	USD	2 Qtrs
Cash Flows from Investing Activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash Flows from Investing Activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash overdraft assumed with acquisition	`CashOverdraftAssumedWithAcquisition`	$425.00	USD	2 Qtrs
Cash overdraft assumed with acquisition	`CashOverdraftAssumedWithAcquisition`	-	USD	2 Qtrs
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	2 Qtrs
Proceeds from loans	`ProceedsFromShortTermDebt`	$105.35K	USD	2 Qtrs
Proceeds from loans	`ProceedsFromShortTermDebt`	$168.01K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$168.01K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$109.92K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$6.36K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$38.74K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.80K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.80K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.09K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.45M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.62M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.78M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.92M	USD	Point-in-time
Common stock issued for conversion of debt, amount	`CommonStockIssuedForConversionOfDebtAmount`	$151.20K	USD	1 Quarter
Common stock issued for conversion of debt, amount	`CommonStockIssuedForConversionOfDebtAmount`	$140.00K	USD	1 Quarter
Common stock issued for conversion of debt, amount	`CommonStockIssuedForConversionOfDebtAmount`	$131.04K	USD	1 Quarter
Common stock issued for services - related party, amount	`CommonStockIssuedForServicesRelatedPartyAmount`	$2.39M	USD	1 Quarter
Common stock issued for services, amount	`CommonStockIssuedForServicesAmount`	$27.10K	USD	1 Quarter
Common stock issued for services, amount	`CommonStockIssuedForServicesAmount`	$25.40K	USD	1 Quarter
Common stock issued for services, amount	`CommonStockIssuedForServicesAmount`	$15.00K	USD	1 Quarter
Common stock issued for services, amount	`CommonStockIssuedForServicesAmount`	$22.50K	USD	1 Quarter
Common stock cancelled, amount	`CommonStockCancelledAmount`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-359.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-507.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.22M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.73M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-430.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-790.04K	USD	2 Qtrs
Common stock issued for services - related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$10.68K	USD	1 Quarter
Common stock issued for services - related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$4.05K	USD	1 Quarter
Common stock issued for services - related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$4.35K	USD	1 Quarter
Preferred stock issued for acquisition, amount	`StockIssuedDuringPeriodValueAcquisitions`	$32.50K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.45M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.62M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.78M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.92M	USD	Point-in-time

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