10-Q Filing

FREQUENCY HOLDINGS, INC CIK: 1624517 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001683168-23-001574`
Period End Date	20230131
Filing Date	20230317
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	yuenglings_i10q-013123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 32 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Net of discount	`ConvertibleNotesPayable`	$72.16K	USD	Point-in-time
Net of discount	`ConvertibleNotesPayable`	$123.81K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$2.15K	USD	Point-in-time
Cash	`Cash`	$4.75K	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
Inventory	`InventoryNet`	$56.21K	USD	Point-in-time
Prepaid stock compensation	`PrepaidStockCompensation`	$345.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Prepaid stock compensation	`PrepaidStockCompensation`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Other receivable related party	`AccountsReceivableNetCurrent`	$5.50K	USD	Point-in-time
Other receivable related party	`AccountsReceivableNetCurrent`	$5.50K	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
Total Current Assets	`AssetsCurrent`	$66.46K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$408.86K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.50B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	85.17M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.30K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$30.30K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	85.17M	shares	Point-in-time
Total Assets	`Assets`	$439.16K	USD	Point-in-time
Total Assets	`Assets`	$96.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$216.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$214.37K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$54.21K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$49.45K	USD	Point-in-time
Accrued compensation	`AccruedBonusesCurrent`	$41.00K	USD	Point-in-time
Accrued compensation	`AccruedBonusesCurrent`	$56.00K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$119.12K	USD	Point-in-time
Notes payable	`OtherLongTermDebtCurrent`	$119.12K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$595.09K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$589.09K	USD	Point-in-time
Convertible note payable, net of $72,160 and $123,813 discount, respectively	`ConvertibleNotesPayableCurrent`	$70.03K	USD	Point-in-time
Convertible note payable, net of $72,160 and $123,813 discount, respectively	`ConvertibleNotesPayableCurrent`	$14.26K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$247.03K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$190.29K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$693.80K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$693.80K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.97M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.97M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssued`	$392.02K	USD	Point-in-time
Preferred stock to be issued	`PreferredStockToBeIssued`	$392.02K	USD	Point-in-time
Total mezzanine equity	`TotalMezzanineEquity`	$392.02K	USD	Point-in-time
Total mezzanine equity	`TotalMezzanineEquity`	$392.02K	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; 2,500,000,000 shares authorized; 85,166,322 and 14,828,595 shares issued and outstanding, respectively	`CommonStockValue`	$14.83K	USD	Point-in-time
Common stock: $0.001 par value; 2,500,000,000 shares authorized; 85,166,322 and 14,828,595 shares issued and outstanding, respectively	`CommonStockValue`	$85.17K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.74M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.14M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.27M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.01M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.94M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$96.76K	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$439.16K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$14.96K	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$37.62K	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.10M	shares	1 Quarter
Officer compensation	`OfficersCompensation`	$22.50K	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.60M	shares	1 Quarter
Officer compensation	`OfficersCompensation`	$18.00K	USD	1 Quarter
Professional fees	`ProfessionalAndContractServicesExpense`	$43.80K	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.60M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.10M	shares	1 Quarter
Professional fees	`ProfessionalAndContractServicesExpense`	$12.78K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$99.43K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-99.43K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-50.25K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-20.53K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-113.33K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$174.00	USD	1 Quarter
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$65.12K	USD	1 Quarter
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Gain on conversion of debt	`GainOnConversionOfDebt`	$-14.56K	USD	1 Quarter
Gain on conversion of debt	`GainOnConversionOfDebt`	-	USD	1 Quarter
Loss on issuance of convertible debt	`LossOnIssuanceOfConvertibleDebt`	$-22.33K	USD	1 Quarter
Loss on issuance of convertible debt	`LossOnIssuanceOfConvertibleDebt`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-55.97K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-20.36K	USD	1 Quarter
Net loss	`ProfitLoss`	$-119.78K	USD	1 Quarter
Net loss	`ProfitLoss`	$-106.22K	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-119.78K	USD	1 Quarter
Net loss	`ProfitLoss`	$-106.22K	USD	1 Quarter
Stock compensation related party	`StockCompensationRelatedParty`	-	USD	1 Quarter
Stock compensation related party	`StockCompensationRelatedParty`	$7.50K	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock compensation	`ShareBasedCompensation`	$7.50K	USD	1 Quarter
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	$14.56K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$90.90K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$65.12K	USD	1 Quarter
Change in fair value of derivative	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Loss on issuance of convertible debt	`LossOnIssuanceOfConvertibleDebt`	$-22.33K	USD	1 Quarter
Loss on issuance of convertible debt	`LossOnIssuanceOfConvertibleDebt`	-	USD	1 Quarter
Other receivable related party	`IncreaseDecreaseDueFromOtherRelatedParties`	-	USD	1 Quarter
Other receivable related party	`IncreaseDecreaseDueFromOtherRelatedParties`	$5.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-5.12K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$2.13K	USD	1 Quarter
Accrued compensation related party	`IncreaseDecreaseAccruedCompensationRelatedParty`	-	USD	1 Quarter
Accrued compensation related party	`IncreaseDecreaseAccruedCompensationRelatedParty`	$15.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$8.94K	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`	$-31.60K	USD	1 Quarter
Cash flows from investing activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Cash flows from investing activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net (payments) proceeds from the sale of preferred stock	`ProceedsFromRepurchaseOfRedeemablePreferredStock`	-	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
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$35.00K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$51.41K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$6.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-100.94K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.00K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-228.79K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.60K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$350.90K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.15K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.75K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$122.11K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$350.90K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.15K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.75K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$122.11K	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
Common stock issued for prepaid services	`CommonStockIssuedForPrepaidServices`	$360.00K	USD	1 Quarter
Common stock issued for prepaid services	`CommonStockIssuedForPrepaidServices`	-	USD	1 Quarter
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$38.01K	USD	1 Quarter
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	-	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.27M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.01M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.94M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Stock issued for conversion of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$73.69K	USD	1 Quarter
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$180.00K	USD	1 Quarter
Stock issued for services related party	`StockIssuedForServicesRelatedParty`	$180.00K	USD	1 Quarter
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$96.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-106.22K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-119.78K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.27M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.01M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.94M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time

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