10-Q Filing

FREQUENCY HOLDINGS, INC CIK: 1624517 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001683168-21-003028`
Period End Date	20210430
Filing Date	20210720
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	arsn-20210430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 70 Cash Flow Statement 56 Stockholders Equity 27

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$112.53K	USD	Point-in-time
Cash	`Cash`	$173.29K	USD	Point-in-time
Cash	`Cash`	$104.39K	USD	Point-in-time
Cash	`Cash`	$112.23K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory	`InventoryNet`	$151.17K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Inventory	`InventoryNet`	$202.72K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.59K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$269.14K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$320.55K	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`	1.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.30K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.30K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.26B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	810.18M	shares	Point-in-time
Total Assets	`Assets`	$350.85K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.26B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	810.18M	shares	Point-in-time
Total Assets	`Assets`	$299.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.29K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$173.99K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$54.10K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$50.11K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$4.25K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$167.12K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$179.87K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$191.21K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$974.73K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$800.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$764.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.35M	USD	Point-in-time
Loans payable, net of current portion	`LongTermDebtNoncurrent`	$814.11K	USD	Point-in-time
Loans payable, net of current portion	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Line of credit, net of current portion	`LongTermLineOfCredit`	$36.00K	USD	Point-in-time
Line of credit, net of current portion	`LongTermLineOfCredit`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.21M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: par value $0.001; 10,000,000 shares authorized, 5,000,000 and 5,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$5.00K	USD	Point-in-time
Preferred stock: par value $0.001; 10,000,000 shares authorized, 5,000,000 and 5,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$5.00K	USD	Point-in-time
Common stock: $0.001 par value; 1,500,000,000 shares authorized; 1,260,180,555 and 810,180,555 shares issued and outstanding, respectively	`CommonStockValue`	$810.18K	USD	Point-in-time
Common stock: $0.001 par value; 1,500,000,000 shares authorized; 1,260,180,555 and 810,180,555 shares issued and outstanding, respectively	`CommonStockValue`	$1.26M	USD	Point-in-time
Discount to common stock	`CommonStockDiscountOnShares`	$801.92K	USD	Point-in-time
Discount to common stock	`CommonStockDiscountOnShares`	$396.92K	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssuedValue`	$269.25K	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssuedValue`	$457.85K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssuedValue`	$12.50K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssuedValue`	$12.50K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$389.16K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$389.16K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.22M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.95M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.90M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$350.85K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$299.44K	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$3.62K	USD	2 Qtrs
Revenue	`Revenues`	$27.37K	USD	1 Quarter
Revenue	`Revenues`	$53.10K	USD	2 Qtrs
Revenue	`Revenues`	$230.00	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$20.60K	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$53.05K	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$16.27K	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$39.78K	USD	2 Qtrs
Gross margin	`GrossProfit`	$-20.37K	USD	1 Quarter
Gross margin	`GrossProfit`	$-49.44K	USD	2 Qtrs
Gross margin	`GrossProfit`	$13.32K	USD	2 Qtrs
Gross margin	`GrossProfit`	$11.10K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$90.03K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$105.37K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$158.83K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.37K	USD	1 Quarter
Consulting - related party	`CostsAndExpensesRelatedParty`	-	USD	1 Quarter
Consulting - related party	`CostsAndExpensesRelatedParty`	$80.00K	USD	1 Quarter
Consulting - related party	`CostsAndExpensesRelatedParty`	-	USD	2 Qtrs
Consulting - related party	`CostsAndExpensesRelatedParty`	$85.00K	USD	2 Qtrs
Professional fees	`ProfessionalAndContractServicesExpense`	$24.20K	USD	2 Qtrs
Professional fees	`ProfessionalAndContractServicesExpense`	$19.20K	USD	1 Quarter
Professional fees	`ProfessionalAndContractServicesExpense`	$18.10K	USD	2 Qtrs
Professional fees	`ProfessionalAndContractServicesExpense`	$5.60K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$110.97K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$115.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$199.23K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$176.93K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-135.94K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-99.87K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-248.67K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-163.61K	USD	2 Qtrs
Interest expense	`InterestExpense`	$19.82K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.31K	USD	1 Quarter
Interest expense	`InterestExpense`	$78.35K	USD	2 Qtrs
Interest expense	`InterestExpense`	$36.03K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$1.04K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$1.04K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$372.00	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$372.00	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	2 Qtrs
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$33.54K	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$33.54K	USD	2 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`LossOnConversionOfDebt`	$-26.00K	USD	2 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`LossOnConversionOfDebt`	$-14.71K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-92.02K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-49.27K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-27.12K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$14.08K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-255.63K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-121.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$56.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-149.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-275.79K	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted weighted average shares	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.16B	shares	1 Quarter
Basic and diluted weighted average shares	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	326.55M	shares	1 Quarter
Basic and diluted weighted average shares	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	284.51M	shares	2 Qtrs
Basic and diluted weighted average shares	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.08B	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-255.63K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-121.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$56.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-149.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-275.79K	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-26.00K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfProperty`	$-14.71K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfProperty`	-	USD	2 Qtrs
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	$1.00K	USD	2 Qtrs
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Stock issued to subsidiary	`StockIssuedToSubsidiary`	-	USD	2 Qtrs
Stock issued to subsidiary	`StockIssuedToSubsidiary`	$90.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-148.00	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.12K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-40.03K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-51.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-27.30K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$10.35K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$10.61K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.26K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-219.14K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.82K	USD	2 Qtrs
Proceeds from the sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from the sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$35.00K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$30.58K	USD	2 Qtrs
Net payments (proceeds) from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	$188.60K	USD	2 Qtrs
Net payments (proceeds) from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	$-21.25K	USD	2 Qtrs
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$77.50K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$72.13K	USD	2 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$5.00K	USD	2 Qtrs
Proceeds / (payments) - related party loan	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$4.25K	USD	2 Qtrs
Proceeds / (payments) - related party loan	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-200.00	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$218.43K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.92K	USD	2 Qtrs
Net decrease cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-68.90K	USD	2 Qtrs
Net decrease cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$296.00	USD	2 Qtrs
Cash, beginning of period	`Cash`	$112.53K	USD	Point-in-time
Cash, beginning of period	`Cash`	$173.29K	USD	Point-in-time
Cash, beginning of period	`Cash`	$104.39K	USD	Point-in-time
Cash, beginning of period	`Cash`	$112.23K	USD	Point-in-time
Cash, end of period	`Cash`	$112.53K	USD	Point-in-time
Cash, end of period	`Cash`	$173.29K	USD	Point-in-time
Cash, end of period	`Cash`	$104.39K	USD	Point-in-time
Cash, end of period	`Cash`	$112.23K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.95M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.90M	USD	Point-in-time
Stock issued for conversion of debt, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$10.00K	USD	1 Quarter
Stock issued for conversion of debt, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$35.00K	USD	1 Quarter
Stock issued for conversion of debt, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$29.48K	USD	1 Quarter
Stock issued for conversion of debt, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$17.50K	USD	1 Quarter
Stock issued for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	134,000.00	shares	1 Quarter
Stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$54.60K	USD	1 Quarter
Stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$57.70K	USD	1 Quarter
Stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$-1.42K	USD	1 Quarter
Stock issued to subsidiary, value	`StockIssuedToSubsidiaryValue`	$90.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-255.63K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-121.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$56.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-149.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-275.79K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-1.95M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.90M	USD	Point-in-time

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