10-K Filing

MARVION INC. CIK: 1439264 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001683168-23-002449`
Period End Date	20221231
Filing Date	20230417
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	bonanza_i10k-123122_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 44 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 61 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`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock undesignated	`PreferredStockSharesUndesignated`	19.00M	shares	Point-in-time
Preferred stock undesignated	`PreferredStockSharesUndesignated`	19.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.12K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.27K	USD	Point-in-time
Digital assets, net	`OtherAssetsCurrent`	$98.86K	USD	Point-in-time
Digital assets, net	`OtherAssetsCurrent`	$10.20K	USD	Point-in-time
Inventories, net	`InventoryNet`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.06M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.75K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.97B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.97B	shares	Point-in-time
Deferred financing cost	`DeferredOfferingCosts`	$176.25K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.87B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.94B	shares	Point-in-time
Deferred financing cost	`DeferredOfferingCosts`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$141.38K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$94.20K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.94B	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$141.38K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$270.45K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$285.11K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.82M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$46.63K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$105.38K	USD	Point-in-time
Accrued consulting and service fee	`AccruedProfessionalFeesCurrent`	$2.07M	USD	Point-in-time
Accrued consulting and service fee	`AccruedProfessionalFeesCurrent`	$5.17M	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent1`	$1.54M	USD	Point-in-time
Amounts due to related parties	`DueToRelatedPartiesCurrent1`	$283.64K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.27K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$5.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.41M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.41M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.0001, 1,970,000,000 shares authorized, 1,942,681,876 and 1,867,681,876 shares issued and outstanding as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$186.77K	USD	Point-in-time
Common stock, par value $0.0001, 1,970,000,000 shares authorized, 1,942,681,876 and 1,867,681,876 shares issued and outstanding as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$194.27K	USD	Point-in-time
Common stock, $0.0001 par value, 140,794,298,026 and 138,468,716,631 shares to be issued as of December 31, 2022 and December 31, 2021, respectively	`CommonStockToBeIssued`	$14.08M	USD	Point-in-time
Common stock, $0.0001 par value, 140,794,298,026 and 138,468,716,631 shares to be issued as of December 31, 2022 and December 31, 2021, respectively	`CommonStockToBeIssued`	$13.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.00	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.04K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.16M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-1.63K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$4.82M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$285.11K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-0.01	USD	Annual
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	Annual
Revenue, net	`Revenues`	$11.48M	USD	Annual
Revenue, net	`Revenues`	$297.09K	USD	Annual
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Cost of revenue	`CostOfRevenue`	$87.82K	USD	Annual
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Cost of revenue	`CostOfRevenue`	$8.69M	USD	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.35B	shares	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.88B	shares	Annual
Gross profit	`GrossProfit`	$2.79M	USD	Annual
Gross profit	`GrossProfit`	$209.27K	USD	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.88B	shares	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.35B	shares	Annual
Technology and development	`DevelopmentCosts`	$9.00M	USD	Annual
Technology and development	`DevelopmentCosts`	$124.15K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$185.36K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$784.13K	USD	Annual
Corporate development	`BusinessDevelopment`	$285.36K	USD	Annual
Corporate development	`BusinessDevelopment`	$680.00K	USD	Annual
Loss on impairment of digital assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.64K	USD	Annual
Loss on impairment of digital assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.08K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.74M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.33M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$12.82M	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$2.33M	USD	Annual
LOSS FROM OPERATION	`OperatingIncomeLoss`	$-2.12M	USD	Annual
LOSS FROM OPERATION	`OperatingIncomeLoss`	$-10.03M	USD	Annual
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfIntangibleAssets`	$-18.56K	USD	Annual
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	Annual
Sundry income	`SundryIncome`	-	USD	Annual
Sundry income	`SundryIncome`	$-459.00	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	-	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-18.10K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.05M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.12M	USD	Annual
Income tax credit (expense)	`IncomeTaxExpenseBenefit`	$-3.82K	USD	Annual
Income tax credit (expense)	`IncomeTaxExpenseBenefit`	$5.13K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.12M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-10.05M	USD	Annual
Foreign currency adjustment gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$23.00	USD	Annual
Foreign currency adjustment gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.05K	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-10.05M	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-2.12M	USD	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.12M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.05M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$48.58K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.33K	USD	Annual
Revenue received by digital assets	`RevenueReceivedByDigitalAssets`	$2.72M	USD	Annual
Revenue received by digital assets	`RevenueReceivedByDigitalAssets`	$95.95K	USD	Annual
Expense settled by digital assets	`ExpenseSettledByDigitalAssets`	-	USD	Annual
Expense settled by digital assets	`ExpenseSettledByDigitalAssets`	$11.39M	USD	Annual
Digital assets purchased / exchanged	`DigitalAssetsPurchasedExchanged`	$2.00	USD	Annual
Digital assets purchased / exchanged	`DigitalAssetsPurchasedExchanged`	-	USD	Annual
Impairment loss of digital assets	`ImpairmentOfIntangibleAssetsFinitelived`	$4.08K	USD	Annual
Impairment loss of digital assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.64K	USD	Annual
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfIntangibleAssets`	$-18.56K	USD	Annual
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	Annual
Digital assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$4.55K	USD	Annual
Digital assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.46K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.04M	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.12M	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.01K	USD	Annual
Accrued consulting and service fee	`AccruedConsultingAndServiceFee`	$3.10M	USD	Annual
Accrued consulting and service fee	`AccruedConsultingAndServiceFee`	-	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-3.82K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$5.11K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-98.97K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.90K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$153.71K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.90K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-153.71K	USD	Annual
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$279.42K	USD	Annual
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$1.26M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.26M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$279.42K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.98K	USD	Annual
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.00	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.76K	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$71.15K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.27K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.12K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.27K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.12K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.36K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.63K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Acquisition of licensed adaptation right	`AcquisitionOfLicensedAdaptationRight`	$10.00M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$23.00	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-5.05K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-2.12M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-10.05M	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$176.25K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.63K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.00M	USD	Point-in-time

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