10-Q Filing

MARVION INC. CIK: 1439264 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001683168-23-003294`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	bonanza_i10q-33123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 44 Cash Flow Statement 49 Stockholders Equity 12

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`	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`	$99.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.92K	USD	Point-in-time
Digital assets, net	`OtherAssetsCurrent`	$10.20K	USD	Point-in-time
Digital assets, net	`OtherAssetsCurrent`	$10.03K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	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, Shares Authorized	`CommonStockSharesAuthorized`	1.97B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.71M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	1.97B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.87B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.55M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.94B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87B	shares	Point-in-time
Deferred financing cost	`DeferredOfferingCosts`	$176.25K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.94B	shares	Point-in-time
Deferred financing cost	`DeferredOfferingCosts`	$176.25K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$94.20K	USD	Point-in-time
[custom:CommonStockToBeIssuedShares-0]	`CommonStockToBeIssuedShares`	138.47B	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$82.25K	USD	Point-in-time
[custom:CommonStockToBeIssuedShares-0]	`CommonStockToBeIssuedShares`	140.79B	shares	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$270.45K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$258.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.04M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.82M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$138.89K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$105.38K	USD	Point-in-time
Accrued consulting and service fee	`AccruedProfessionalFeesCurrent`	$5.79M	USD	Point-in-time
Accrued consulting and service fee	`AccruedProfessionalFeesCurrent`	$5.17M	USD	Point-in-time
Amounts due to related parties	`AmountsDueToRelatedPartiesCurrent`	$1.54M	USD	Point-in-time
Amounts due to related parties	`AmountsDueToRelatedPartiesCurrent`	$1.56M	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$60.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.27K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.55M	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 March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$194.27K	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 March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, respectively	`CommonStockToBeIssued`	$14.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.21K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.04K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.21M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-3.15M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.51M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-2.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.04M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$4.82M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`Revenues`	$1.70M	USD	1 Quarter
Revenue, net	`Revenues`	$107.77K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$37.78K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$1.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$297.58K	USD	1 Quarter
Gross profit	`GrossProfit`	$69.99K	USD	1 Quarter
Technology and development	`DevelopmentCosts`	$134.13K	USD	1 Quarter
Technology and development	`DevelopmentCosts`	$505.93K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$190.65K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$66.87K	USD	1 Quarter
Corporate development	`BusinessDevelopment`	$45.00K	USD	1 Quarter
Corporate development	`BusinessDevelopment`	$60.00K	USD	1 Quarter
Impairment loss of digital assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss of digital assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$445.06K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$444.00K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$814.84K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$1.08M	USD	1 Quarter
LOSS FROM OPERATION	`OperatingIncomeLoss`	$-517.26K	USD	1 Quarter
LOSS FROM OPERATION	`OperatingIncomeLoss`	$-1.01M	USD	1 Quarter
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfAssets`	$-21.91K	USD	1 Quarter
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Sundry income	`SundryIncome`	$263.00	USD	1 Quarter
Sundry income	`SundryIncome`	-	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$263.00	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-21.91K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.03M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-517.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-517.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Foreign currency adjustment gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.84K	USD	1 Quarter
Foreign currency adjustment gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$559.00	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-514.16K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.03M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.94B	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.87B	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	142.74B	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	140.34B	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-517.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.38K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.56K	USD	1 Quarter
Revenue received by digital assets	`RevenueReceivedByDigitalAssets`	$1.65M	USD	1 Quarter
Revenue received by digital assets	`RevenueReceivedByDigitalAssets`	$82.94K	USD	1 Quarter
Expense settled by digital assets	`ExpenseSettledByDigitalAssets`	$1.65M	USD	1 Quarter
Impairment loss of digital assets	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Impairment loss of digital assets	`ImpairmentOfIntangibleAssetsFinitelived`	$1.25K	USD	1 Quarter
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Loss on sale, use or exchange of digital assets	`GainLossOnDispositionOfIntangibleAssets`	$-21.91K	USD	1 Quarter
Digital assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$-72.51K	USD	1 Quarter
Digital assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.39M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.65M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.25K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.00K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$55.44K	USD	1 Quarter
Accrued consulting and service fee	`AccruedConsultingAndServiceFee`	$850.00K	USD	1 Quarter
Accrued consulting and service fee	`AccruedConsultingAndServiceFee`	$621.06K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-103.67K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-112.41K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.89K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.89K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of convertible note payable	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	1 Quarter
Proceeds from issuance of convertible note payable	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$60.00K	USD	1 Quarter
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$138.78K	USD	1 Quarter
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$17.31K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$77.31K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$138.78K	USD	1 Quarter
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.00	USD	1 Quarter
Foreign currency translation adjustment	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$754.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-34.35K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$33.27K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.27K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.39K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.92K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.12K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.27K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.39K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.92K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.12K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-3.15M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.51M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.84K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$559.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-517.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-3.15M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.51M	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.