10-Q Filing

FREQUENCY HOLDINGS, INC CIK: 1624517 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001683168-22-001638`
Period End Date	20220131
Filing Date	20220314
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	yuenglings_i10q-013122_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 32 Cash Flow Statement 49 Stockholders Equity 13

Balance Sheet 66 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`	$122.11K	USD	Point-in-time
Cash	`Cash`	$350.90K	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`	$56.21K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Inventory	`InventoryNet`	$56.21K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivable related party	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivable related party	`AccountsReceivableNetCurrent`	$5.50K	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`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$183.82K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.77B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.54B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.54B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.77B	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
Total Assets	`Assets`	$214.12K	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`	$190.71K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$38.17K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$40.71K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$132.12K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$119.12K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$620.59K	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`	$693.80K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Loan payable, net of current portion	`OtherLongTermDebtNoncurrent`	$156.50K	USD	Point-in-time
Loan payable, net of current portion	`OtherLongTermDebtNoncurrent`	$156.50K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.82M	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssuedValue`	$437.85K	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssuedValue`	$398.52K	USD	Point-in-time
Total mezzanine equity	`TotalMezzanineEquity`	$437.85K	USD	Point-in-time
Total mezzanine equity	`TotalMezzanineEquity`	$398.52K	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; 1,765,180,555 and 1,535,180,555 shares issued and outstanding, respectively	`CommonStockValue`	$1.77M	USD	Point-in-time
Common stock: $0.001 par value; 2,000,000,000 shares authorized; 1,765,180,555 and 1,535,180,555 shares issued and outstanding, respectively	`CommonStockValue`	$1.54M	USD	Point-in-time
Discount to common stock	`CommonStockDiscountOnShares`	$701.92K	USD	Point-in-time
Discount to common stock	`CommonStockDiscountOnShares`	$725.92K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssuedValue`	-	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssuedValue`	$165.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$620.47K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$565.47K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.67M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.01M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.86M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$437.42K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$214.12K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$3.39K	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$32.45K	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$-29.07K	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$33.91K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$37.62K	USD	1 Quarter
Officer compensation	`OfficersCompensation`	-	USD	1 Quarter
Officer compensation	`OfficersCompensation`	$18.00K	USD	1 Quarter
Professional fees	`ProfessionalAndContractServicesExpense`	$49.75K	USD	1 Quarter
Professional fees	`ProfessionalAndContractServicesExpense`	$43.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$83.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$99.43K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-112.73K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-99.43K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-16.21K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-20.53K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$174.00	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDisposalOfFixedAssets`	$1.00K	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDisposalOfFixedAssets`	-	USD	1 Quarter
Loss on conversion of debt	`LossOnConversionOfDebt`	$-26.00K	USD	1 Quarter
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-41.21K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-20.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.94K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted weighted average shares	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.66B	shares	1 Quarter
Basic and diluted weighted average shares	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.00B	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-119.78K	USD	1 Quarter
Net loss	`ProfitLoss`	$-153.94K	USD	1 Quarter
Gain on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	1 Quarter
Gain on extinguishment of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-26.00K	USD	1 Quarter
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	$1.00K	USD	1 Quarter
Gain on sale of fixed asset	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-148.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-32.45K	USD	1 Quarter
Other receivable related party	`IncreaseDecreaseDueFromOtherRelatedParties`	$5.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-29.16K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-5.12K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.66K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.55K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.85K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-121.84K	USD	1 Quarter
Proceeds from the sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from the sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net (payments) proceeds from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	$134.00K	USD	1 Quarter
Net (payments) proceeds from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	$-39.33K	USD	1 Quarter
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$96.00K	USD	1 Quarter
Payment on LOC	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payment on LOC	`RepaymentsOfLinesOfCredit`	$106.20K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$51.41K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$17.26K	USD	1 Quarter
Proceeds related party loans	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds related party loans	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$2.60K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$119.34K	USD	1 Quarter
Net cash (used) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-100.94K	USD	1 Quarter
Net decrease cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.50K	USD	1 Quarter
Net decrease cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-228.79K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$350.90K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$112.23K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$122.11K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$110.73K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$350.90K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$112.23K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$122.11K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$110.73K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Conversion of principal and interest into common stock	`ConversionOfPrincipalAndInterestIntoCommonStock`	$35.00K	USD	1 Quarter
Conversion of principal and interest into common stock	`ConversionOfPrincipalAndInterestIntoCommonStock`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.01M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Stock issued for conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$35.00K	USD	1 Quarter
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$134.00K	USD	1 Quarter
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$96.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-153.94K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.01M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time

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