10-K Filing

BUBBLR INC. CIK: 1873722 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001663577-22-000190`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	bblr10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 51 Cash Flow Statement 68 Stockholders Equity 21

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$62.97K	USD	Point-in-time
Cash	`Cash`	$96.60K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$14.37K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$17.97K	USD	Point-in-time
Advances receivable	`AdvancesToAffiliate`	$80.25K	USD	Point-in-time
Advances receivable	`AdvancesToAffiliate`	$79.41K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$161.18K	USD	Point-in-time
Debt Instrument, Unamortized Discount (Premium), Net	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Debt Instrument, Unamortized Discount (Premium), Net	`DebtInstrumentUnamortizedDiscountPremiumNet`	$69.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$190.38K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.62K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$64.77K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.89K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$1.63M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$1.24M	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$1.58M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.65M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.70M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.84M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.86M	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$200.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	132.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	140.19M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$324.20K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	140.19M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	132.57M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$12.26K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$21.41K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$25.00K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Treasury stock, preferred shares	`TreasuryStockPreferredShares`	1.00	shares	Point-in-time
Treasury stock, preferred shares	`TreasuryStockPreferredShares`	1.00	shares	Point-in-time
Loan payable, current portion	`LoansPayableCurrent`	$13.50K	USD	Point-in-time
Loan payable, current portion	`LoansPayableCurrent`	$13.40K	USD	Point-in-time
Loan payable - related party	`DueToRelatedPartiesCurrent`	$797.92K	USD	Point-in-time
Loan payable - related party	`DueToRelatedPartiesCurrent`	$509.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$744.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.17M	USD	Point-in-time
Convertible note payable - net of discount $69,714 and $0	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Convertible note payable - net of discount $69,714 and $0	`ConvertibleLongTermNotesPayable`	$2.22M	USD	Point-in-time
Loan payable, non-current portion	`LongTermLoansPayable`	$22.52K	USD	Point-in-time
Loan payable, non-current portion	`LongTermLoansPayable`	$33.36K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$33.36K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.24M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.21M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.99M	USD	Point-in-time
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 140,186,096 and 132,565,226 shares issued and outstanding at December 31, 2021 and 2020	`CommonStockValue`	$1.33M	USD	Point-in-time
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 140,186,096 and 132,565,226 shares issued and outstanding at December 31, 2021 and 2020	`CommonStockValue`	$1.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$354.09K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$377.24K	USD	Point-in-time
Treasury stock, 1 share of Special 2019 Series A Preferred Stock at cost	`TreasuryStockPreferredValue`	-	USD	Point-in-time
Treasury stock, 1 share of Special 2019 Series A Preferred Stock at cost	`TreasuryStockPreferredValue`	$60.00K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$1.13M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$631.78K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.84M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.86M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$80.29K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$126.40K	USD	Annual
Professional fees	`ProfessionalFees`	$2.07M	USD	Annual
Professional fees	`ProfessionalFees`	$268.62K	USD	Annual
Market and regulation costs	`OtherCostAndExpenseOperating`	$132.22K	USD	Annual
Market and regulation costs	`OtherCostAndExpenseOperating`	$170.44K	USD	Annual
Compensation	`OfficersCompensation`	$396.32K	USD	Annual
Compensation	`OfficersCompensation`	$612.74K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$379.89K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$283.30K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$106.38K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$302.81K	USD	Annual
Total operating expense	`OperatingExpenses`	$3.66M	USD	Annual
Total operating expense	`OperatingExpenses`	$1.27M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.27M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-3.66M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$2.67M	USD	2 Qtrs
Other income	`OtherIncome`	$75.26K	USD	Annual
Other income	`OtherIncome`	$209.73K	USD	Annual
Interest income	`InterestAndOtherIncome`	$4.56K	USD	Annual
Interest income	`InterestAndOtherIncome`	$1.55K	USD	Annual
Gain on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$-5.00K	USD	Annual
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsFinitelived`	$9.17K	USD	Annual
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	$15.35K	USD	Annual
Loss on disposal of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on disposal of fixed asset	`GainLossOnDispositionOfAssets`	$5.23K	USD	Annual
Interest expense	`InterestExpense`	$65.32K	USD	Annual
Interest expense	`InterestExpense`	$43.34K	USD	Annual
Foreign currency transaction loss	`ForeignCurrencyTransactionLossBeforeTax`	$5.88K	USD	Annual
Foreign currency transaction loss	`ForeignCurrencyTransactionLossBeforeTax`	$47.84K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-31.34K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$135.31K	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.69M	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss after income tax	`NetIncomeLoss`	$-3.69M	USD	Annual
Net loss after income tax	`NetIncomeLoss`	$-1.13M	USD	Annual
Foreign currency translation gain (loss)	`GoodwillForeignCurrencyTranslationGainLoss`	$-31.05K	USD	Annual
Foreign currency translation gain (loss)	`GoodwillForeignCurrencyTranslationGainLoss`	$23.15K	USD	Annual
Total other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$23.15K	USD	Annual
Total other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-31.05K	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.67M	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.16M	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	137.66M	shares	Annual
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	129.10M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-3.69M	USD	Annual
Net loss	`ProfitLoss`	$-1.13M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.77M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-5.00K	USD	Annual
Loss on disposal of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on disposal of fixed asset	`GainLossOnDispositionOfAssets`	$5.23K	USD	Annual
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsFinitelived`	$9.17K	USD	Annual
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Unrealized loss on investment	`UnrealizedGainLossOnInvestments`	$15.35K	USD	Annual
Amortization of debt discount	`AdjustmentForAmortization`	$34.86K	USD	Annual
Amortization of debt discount	`AdjustmentForAmortization`	-	USD	Annual
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$273.55K	USD	Annual
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$366.33K	USD	Annual
Depreciation	`Depreciation`	$13.32K	USD	Annual
Depreciation	`Depreciation`	$9.75K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.77K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.87K	USD	Annual
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$9.03K	USD	Annual
Increase in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$12.26K	USD	Annual
(Decrease) increase accounts payables	`IncreaseDecreaseInAccountsPayableTrade`	$-73.18K	USD	Annual
(Decrease) increase accounts payables	`IncreaseDecreaseInAccountsPayableTrade`	$246.41K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-504.22K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.58M	USD	Annual
Proceeds from repayments on advances receivable	`ProceedsFromCollectionOfAdvanceToAffiliate`	$6.56K	USD	Annual
Proceeds from repayments on advances receivable	`ProceedsFromCollectionOfAdvanceToAffiliate`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.80K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.63K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$597.20K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$422.86K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-441.49K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-592.45K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$10.79K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$10.29K	USD	Annual
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	$18.04K	USD	Annual
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	$303.07K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$81.16K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$297.01K	USD	Annual
Proceeds from issuance of pre-merger common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of pre-merger common stock	`ProceedsFromIssuanceOfCommonStock`	$239.63K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$403.88K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$2.18M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$912.19K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.95M	USD	Annual
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-14.13K	USD	Annual
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$35.28K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-33.63K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-198.61K	USD	Annual
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$295.21K	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$62.97K	USD	Point-in-time
Cash - Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$96.60K	USD	Point-in-time
Cash - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$295.21K	USD	Point-in-time
Cash - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$62.97K	USD	Point-in-time
Cash - End of Year	`CashAndCashEquivalentsAtCarryingValue`	$96.60K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.85K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$31.08K	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Original issue discount on convertible notes	`OriginalIssueDiscountOnConvertibleNotes`	-	USD	Annual
Original issue discount on convertible notes	`OriginalIssueDiscountOnConvertibleNotes`	$104.57K	USD	Annual
Common stock issued for conversion of debt	`StockIssuedDuringPeriodValueConversionOfUnits`	$403.88K	USD	Annual
Common stock issued for conversion of debt	`StockIssuedDuringPeriodValueConversionOfUnits`	$70.00K	USD	Annual
Issuance of Special 2019 Series A Preferred Stock to related party in satisfaction of debt	`StockIssuedDuringPeriodValueOther`	$60.00K	USD	Annual
Issuance of Special 2019 Series A Preferred Stock to related party in satisfaction of debt	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Common stock issued for conversion of Series B Preferred Stock	`PreferredBSharesConvertedToCommonSharesValue`	-	USD	Annual
Common stock issued for conversion of Series B Preferred Stock	`PreferredBSharesConvertedToCommonSharesValue`	$6.00K	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance -December 31, 2020	`StockholdersEquity`	$1.13M	USD	Point-in-time
Balance -December 31, 2020	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance -December 31, 2020	`StockholdersEquity`	$631.78K	USD	Point-in-time
Common shares issued for debt conversion	`CommonStockIssuedForSettlementOfDebtValue1`	$403.88K	USD	Annual
Common shares issued for debt conversion	`CommonStockIssuedForSettlementOfDebtValue1`	$45.00K	USD	Annual
Common shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$239.63K	USD	Annual
Reverse acquisition recapitalization	`ReverseAcquisitionRecapitalization`	$20.58K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.69M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.13M	USD	Annual
Other comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$23.15K	USD	Annual
Other comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-31.05K	USD	Annual
Preferred B shares conversion to common stock	`PreferredBSharesConvertedToCommonSharesValue`	-	USD	Annual
Preferred B shares conversion to common stock	`PreferredBSharesConvertedToCommonSharesValue`	$6.00K	USD	Annual
Common shares issued for Services - Advisory Board	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.64M	USD	Annual
Common shares issued for Services Consulting	`StockIssuedDuringPeriodValueIssuedForServices`	$131.61K	USD	Annual
Issuance of Special 2019 Series A Preferred Stock to related party in satisfaction of debt	`StockIssuedDuringPeriodValueOther`	$60.00K	USD	Annual
Issuance of Special 2019 Series A Preferred Stock to related party in satisfaction of debt	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Common shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$25.00K	USD	Annual
Balance -December 31, 2021	`StockholdersEquity`	$1.13M	USD	Point-in-time
Balance -December 31, 2021	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance -December 31, 2021	`StockholdersEquity`	$631.78K	USD	Point-in-time

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