10-K Filing

FREQUENCY HOLDINGS, INC CIK: 1624517 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001683168-22-000568`
Period End Date	20211031
Filing Date	20220131
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	yuengling_i10k-103121_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 44 Cash Flow Statement 68 Stockholders Equity 18

Balance Sheet 67 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$112.23K	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
Cash	`Cash`	$350.90K	USD	Point-in-time
Cash	`Cash`	$173.29K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	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
Inventory	`InventoryNet`	$56.21K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.59K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$320.55K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$407.12K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	810.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.54B	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.30K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.54B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	810.18M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.30K	USD	Point-in-time
Total Assets	`Assets`	$350.85K	USD	Point-in-time
Total Assets	`Assets`	$437.42K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.29K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$54.10K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$38.17K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$179.87K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$132.12K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$818.80K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$659.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$800.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$800.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.83M	USD	Point-in-time
Loan payable, net of current portion	`OtherLongTermDebtNoncurrent`	$156.50K	USD	Point-in-time
Loan payable, net of current portion	`OtherLongTermDebtNoncurrent`	$155.93K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.21M	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssuedValue`	$269.25K	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssuedValue`	$437.85K	USD	Point-in-time
Total mezzanine equity	`TotalMezzanineEquity`	$437.85K	USD	Point-in-time
Total mezzanine equity	`TotalMezzanineEquity`	$269.25K	USD	Point-in-time
Preferred stock, Series A; par value $0.001; 10,000,000 shares authorized, 5,000,000 shares issued and outstanding	`PreferredStockValue`	$5.00K	USD	Point-in-time
Preferred stock, Series A; par value $0.001; 10,000,000 shares authorized, 5,000,000 shares issued and outstanding	`PreferredStockValue`	$5.00K	USD	Point-in-time
Common stock: $0.001 par value; 2,000,000,000 shares authorized; 1,535,180,555 and 810,180,555 shares issued and outstanding, respectively	`CommonStockValue`	$1.54M	USD	Point-in-time
Common stock: $0.001 par value; 2,000,000,000 shares authorized; 1,535,180,555 and 810,180,555 shares issued and outstanding, respectively	`CommonStockValue`	$810.18K	USD	Point-in-time
Discount to common stock	`CommonStockDiscountOnShares`	$396.92K	USD	Point-in-time
Discount to common stock	`CommonStockDiscountOnShares`	$701.92K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssuedValue`	$165.00K	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`	$5.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.95M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.13M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.24M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$350.85K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$437.42K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$3.45K	USD	Annual
Revenue	`Revenues`	$57.46K	USD	Annual
Cost of goods sold	`CostOfRevenue`	$45.17K	USD	Annual
Cost of goods sold	`CostOfRevenue`	$148.01K	USD	Annual
Gross margin	`GrossProfit`	$-144.56K	USD	Annual
Gross margin	`GrossProfit`	$12.29K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$90.22K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$147.45K	USD	Annual
Consulting related party	`CostsAndExpensesRelatedParty`	-	USD	Annual
Consulting related party	`CostsAndExpensesRelatedParty`	$85.00K	USD	Annual
Professional fees	`ProfessionalAndContractServicesExpense`	$84.94K	USD	Annual
Professional fees	`ProfessionalAndContractServicesExpense`	$171.69K	USD	Annual
Total operating expenses	`OperatingExpenses`	$232.39K	USD	Annual
Total operating expenses	`OperatingExpenses`	$346.92K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-491.48K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-220.10K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-176.16K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-127.93K	USD	Annual
Interest income	`InterestAndOtherIncome`	$738.00	USD	Annual
Interest income	`InterestAndOtherIncome`	$2.07K	USD	Annual
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$154.62K	USD	Annual
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$14.88K	USD	Annual
Loss on issuance of convertible notes	`LossOnIssuanceOfConvertibleNotes`	-	USD	Annual
Loss on issuance of convertible notes	`LossOnIssuanceOfConvertibleNotes`	$-59.03K	USD	Annual
Gain on sale of asset	`GainsLossesOnSalesOfAssets`	$416.00	USD	Annual
Gain on sale of asset	`GainsLossesOnSalesOfAssets`	$1.00K	USD	Annual
Early payment penalty	`GainLossOnDisposalOfFixedAssets`	-	USD	Annual
Early payment penalty	`GainLossOnDisposalOfFixedAssets`	$-17.82K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$151.42K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-1.97K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-26.00K	USD	Annual
Total other (expense) income	`NonoperatingIncomeExpense`	$27.21K	USD	Annual
Total other (expense) income	`NonoperatingIncomeExpense`	$-110.97K	USD	Annual
Loss before provision for income tax	`ProfitLoss`	$-192.89K	USD	Annual
Loss before provision for income tax	`ProfitLoss`	$-602.45K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-192.89K	USD	Annual
Net Loss	`NetIncomeLoss`	$-602.45K	USD	Annual
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average shares, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.19B	shares	Annual
Weighted average shares, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	501.95M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-192.89K	USD	Annual
Net loss	`NetIncomeLoss`	$-602.45K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$3.67K	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	-	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$-50.00K	USD	Annual
Early payment penalty	`EarlyPaymentPenalty`	$17.82K	USD	Annual
Early payment penalty	`EarlyPaymentPenalty`	-	USD	Annual
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$93.75K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-1.97K	USD	Annual
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$-26.00K	USD	Annual
Gain on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	Annual
Gain on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$151.42K	USD	Annual
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	$416.00	USD	Annual
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	$1.00K	USD	Annual
Loss on issuance of convertible debt	`LossOnIssuanceOfConvertibleDebt`	-	USD	Annual
Loss on issuance of convertible debt	`LossOnIssuanceOfConvertibleDebt`	$-59.03K	USD	Annual
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$154.62K	USD	Annual
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$14.88K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.59K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.36K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-40.43K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-146.51K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-5.47K	USD	Annual
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-24.50K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$9.72K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$15.87K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-416.80K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-259.13K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$30.30K	USD	Annual
Proceeds from the sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00K	USD	Annual
Proceeds from the sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.30K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$118.30K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$114.58K	USD	Annual
Net proceeds from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	$115.45K	USD	Annual
Net proceeds from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	$168.60K	USD	Annual
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$77.50K	USD	Annual
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$540.00K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$142.39K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$97.72K	USD	Annual
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$86.25K	USD	Annual
Repayment of convertible debt	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Repayment of convertible debt	`RepaymentsOfConvertibleDebt`	$111.57K	USD	Annual
Proceeds related party loan	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds related party loan	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$30.57K	USD	Annual
Payments related party loan	`RepaymentsOfRelatedPartyDebt`	$1.15K	USD	Annual
Payments related party loan	`RepaymentsOfRelatedPartyDebt`	$30.57K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$212.38K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$655.47K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$238.67K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-61.05K	USD	Annual
Cash, beginning of year	`Cash`	$112.23K	USD	Point-in-time
Cash, beginning of year	`Cash`	$350.90K	USD	Point-in-time
Cash, beginning of year	`Cash`	$173.29K	USD	Point-in-time
Cash, end of year	`Cash`	$112.23K	USD	Point-in-time
Cash, end of year	`Cash`	$350.90K	USD	Point-in-time
Cash, end of year	`Cash`	$173.29K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$45.00K	USD	Annual
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$100.96K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.13M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Stock issued for conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$100.96K	USD	Annual
Stock issued for conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$78.40K	USD	Annual
Stock issued to YIC Acquisitions Corp.	`StockIssuedToYicAcquisitionsCorp.`	-	USD	Annual
Beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$50.00K	USD	Annual
Loss on convertible debt	`LossOnConversionOfDebt`	$75.62K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$77.50K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$540.00K	USD	Annual
Loss on settlement of derivative	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsTax`	$130.40K	USD	Annual
Net Loss	`NetIncomeLoss`	$-192.89K	USD	Annual
Net Loss	`NetIncomeLoss`	$-602.45K	USD	Annual
Stock returned	`StockReturned`	-	USD	Annual
[custom:StockReturnedShares]	`StockReturnedShares`	-100.00M	shares	Annual
Ending balance, value	`StockholdersEquity`	$-2.13M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.24M	USD	Point-in-time

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