10-Q Filing

BUBBLR INC. CIK: 1873722 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001663577-23-000246`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	bblr10q_033123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 48 Cash Flow Statement 63 Stockholders Equity 26

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash	`Cash`	$32.53K	USD	Point-in-time
Cash	`Cash`	$35.12K	USD	Point-in-time
Other receivables	`AccountsReceivableNetCurrent`	$9.88K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	903.00	shares	Point-in-time
Other receivables	`AccountsReceivableNetCurrent`	$6.24K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.35K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	154.31M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	155.95M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.80K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.96K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.33M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.31M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.37M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.35M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.39M	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`	$393.97K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$96.33K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$50.09K	USD	Point-in-time
Loan payable, current portion	`LoansPayableCurrent`	$11.99K	USD	Point-in-time
Loan payable, current portion	`LoansPayableCurrent`	$12.22K	USD	Point-in-time
Loan payable - related party	`OtherLoansPayableCurrent`	$392.17K	USD	Point-in-time
Loan payable - related party	`OtherLoansPayableCurrent`	$636.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$595.86K	USD	Point-in-time
Loan payable, non-current portion	`LongTermLoansPayable`	$8.21K	USD	Point-in-time
Loan payable, non-current portion	`LongTermLoansPayable`	$10.46K	USD	Point-in-time
Loan payable, related party, non-current portion	`OtherLoansPayable`	$535.71K	USD	Point-in-time
Loan payable, related party, non-current portion	`OtherLoansPayable`	$525.29K	USD	Point-in-time
Warrant derivative liability	`DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement`	$198.48K	USD	Point-in-time
Warrant derivative liability	`DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement`	$271.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$814.91K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$734.24K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 155,948,778 and 154,309,318 shares issued and outstanding at March 31, 2023 and December 31, 2022	`CommonStockValue`	$1.56M	USD	Point-in-time
Common stock, $0.01 par value, 3,000,000,000 shares authorized; 155,948,778 and 154,309,318 shares issued and outstanding at March 31, 2023 and December 31, 2022	`CommonStockValue`	$1.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.88M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$412.01K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$392.87K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-560.45K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-1.68M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$86.28K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.39M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$1.42M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$11.12K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$47.62K	USD	Annual
Professional fees	`ProfessionalFees`	$192.83K	USD	Annual
Professional fees	`ProfessionalFees`	$-225.57K	USD	Annual
Market and regulation costs	`OtherCostAndExpenseOperating`	$312.46K	USD	Annual
Market and regulation costs	`OtherCostAndExpenseOperating`	$37.59K	USD	Annual
Compensation	`OfficersCompensation`	$140.94K	USD	Annual
Compensation	`OfficersCompensation`	$-31.34K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$59.63K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$107.59K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$61.26K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$39.15K	USD	Annual
Total operating expense	`OperatingExpenses`	$551.34K	USD	Annual
Total operating expense	`OperatingExpenses`	$201.96K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-201.96K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-551.34K	USD	Annual
Interest income	`InterestAndOtherIncome`	$452.00	USD	Annual
Interest income	`InterestAndOtherIncome`	$98.00	USD	Annual
Interest expense	`InterestExpense`	$1.13K	USD	Annual
Interest expense	`InterestExpense`	$414.84K	USD	Annual
Loss on change in fair value of warrant derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-23.89K	USD	Annual
Loss on change in fair value of warrant derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-72.52K	USD	Annual
Foreign currency transaction gain (loss)	`ForeignCurrencyTransactionLossBeforeTax`	$21.18K	USD	1 Quarter
Foreign currency transaction gain (loss)	`ForeignCurrencyTransactionLossBeforeTax`	$-21.18K	USD	Annual
Foreign currency transaction gain (loss)	`ForeignCurrencyTransactionLossBeforeTax`	$40.71K	USD	Annual
Foreign currency transaction gain (loss)	`ForeignCurrencyTransactionLossBeforeTax`	$40.71K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-478.99K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-52.38K	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-254.34K	USD	Annual
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.03M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss after income tax	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Net loss after income tax	`NetIncomeLoss`	$-254.34K	USD	Annual
Net loss after income tax	`NetIncomeLoss`	$-254.34K	USD	1 Quarter
Net loss after income tax	`NetIncomeLoss`	$-1.03M	USD	Annual
Foreign currency translation gain (loss)	`GoodwillForeignCurrencyTranslationGainLoss`	$13.37K	USD	Annual
Foreign currency translation gain (loss)	`GoodwillForeignCurrencyTranslationGainLoss`	$-19.14K	USD	Annual
Total other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.37K	USD	1 Quarter
Total other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-19.14K	USD	1 Quarter
Total other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-19.14K	USD	Annual
Total other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.37K	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-273.48K	USD	1 Quarter
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.02M	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-273.48K	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasic`	$-0.01	USD	Annual
Net loss per common share, basic and diluted	`EarningsPerShareBasic`	-	USD	Annual
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasic`	154.90M	shares	Annual
Weighted average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasic`	140.50M	shares	Annual

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.03M	USD	1 Quarter
Net loss	`ProfitLoss`	$-254.34K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$84.44K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$285.34K	USD	1 Quarter
Stock based finance incentive	`ShareBasedFinanceIncentive`	-	USD	1 Quarter
Stock based finance incentive	`ShareBasedFinanceIncentive`	$379.81K	USD	1 Quarter
Forfeit of restricted stock units	`RestrictedStockAwardForfeitures`	-	USD	1 Quarter
Forfeit of restricted stock units	`RestrictedStockAwardForfeitures`	$-659.05K	USD	1 Quarter
Loss on change in fair value of warrant derivative liability	`FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldUnrealizedGainLossOci`	$-23.89K	USD	1 Quarter
Loss on change in fair value of warrant derivative liability	`FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldUnrealizedGainLossOci`	$-72.52K	USD	1 Quarter
Amortization of debt discount	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization of debt discount	`AdjustmentForAmortization`	$22.43K	USD	1 Quarter
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$101.19K	USD	1 Quarter
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$56.52K	USD	1 Quarter
Depreciation	`Depreciation`	$4.22K	USD	1 Quarter
Depreciation	`Depreciation`	$3.11K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.58K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.78K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.16K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.98K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.52K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$336.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-158.38K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-404.30K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.14K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$11.68K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.14K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.68K	USD	1 Quarter
Repayment of loans payable	`PaymentsForLoans`	$3.32K	USD	1 Quarter
Repayment of loans payable	`PaymentsForLoans`	$3.32K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$2.43K	USD	1 Quarter
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	$18.23K	USD	1 Quarter
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	$52.56K	USD	1 Quarter
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$19.71K	USD	1 Quarter
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$223.78K	USD	1 Quarter
Net proceeds from issuance of Series C Preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Net proceeds from issuance of Series C Preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$421.00K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$15.00K	USD	1 Quarter
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$203.12K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$399.83K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-31.02K	USD	1 Quarter
Effects of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.68K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$30.52K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.58K	USD	1 Quarter
Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.53K	USD	Point-in-time
Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.12K	USD	Point-in-time
Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$93.49K	USD	Point-in-time
Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.97K	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.53K	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.12K	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$93.49K	USD	Point-in-time
Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.97K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.77K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$5.71K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Warrant liability	`WarrantLiability`	$449.04K	USD	1 Quarter
Warrant liability	`WarrantLiability`	-	USD	1 Quarter
Declared dividends	`DividendsCommonStock`	$21.67K	USD	1 Quarter
Declared dividends	`DividendsCommonStock`	$3.27K	USD	1 Quarter
Common stock issued in satisfaction of dividend payable	`StockIssuedDuringPeriodForSeriesCPreferredDividendAmount`	-	USD	1 Quarter
Common stock issued in satisfaction of dividend payable	`StockIssuedDuringPeriodForSeriesCPreferredDividendAmount`	$22.13K	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance - December 31, 2022	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance - December 31, 2022	`StockholdersEquity`	$-560.45K	USD	Point-in-time
Balance - December 31, 2022	`StockholdersEquity`	$-1.68M	USD	Point-in-time
Balance - December 31, 2022	`StockholdersEquity`	$86.28K	USD	Point-in-time
Issuance of common shares for Services - Advisory Board	`StockIssuedDuringPeriodValueShareBasedCompensation`	$75.46K	USD	1 Quarter
Issuance of common shares for Services Consulting	`StockIssuedDuringPeriodValueIssuedForServices`	$8.98K	USD	1 Quarter
Issuance of common shares for Services Consulting	`StockIssuedDuringPeriodValueIssuedForServices`	$285.34K	USD	1 Quarter
Issuance of common shares for Equity Finance Agreement Incentive	`StockIssuedDuringPeriodEquityFinanceAgreementValue`	$379.81K	USD	1 Quarter
Issuance of Series C Preferred Stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Dividend Series C Preferred Stock	`DividendSeriesCPreferredStock`	$-3.27K	USD	1 Quarter
Dividend Series C Preferred Stock	`DividendSeriesCPreferredStock`	$-21.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.34K	USD	Annual
Net loss	`NetIncomeLoss`	$-254.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	Annual
Other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.37K	USD	1 Quarter
Other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-19.14K	USD	1 Quarter
Other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-19.14K	USD	Annual
Other comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.37K	USD	Annual
Forfeit of restricted stock units	`RestrictedStockAwardForfeitures`	-	USD	1 Quarter
Forfeit of restricted stock units	`RestrictedStockAwardForfeitures`	$-659.05K	USD	1 Quarter
Issuance of common shares for Series C Preferred Shares Dividend	`StockIssuedDuringPeriodValueStockDividend`	$22.13K	USD	1 Quarter
Balance -March 31, 2023	`StockholdersEquity`	$-1.13M	USD	Point-in-time
Balance -March 31, 2023	`StockholdersEquity`	$-560.45K	USD	Point-in-time
Balance -March 31, 2023	`StockholdersEquity`	$-1.68M	USD	Point-in-time
Balance -March 31, 2023	`StockholdersEquity`	$86.28K	USD	Point-in-time

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