10-K Filing

AVANT TECHNOLOGIES INC. CIK: 1740797 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001740797-22-000007`
Period End Date	20220331
Filing Date	20220629
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	tren10k_2022_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 34 Cash Flow Statement 50 Stockholders Equity 20

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.36K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.29K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$126.16K	USD	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$203.63K	USD	Point-in-time
Loan Receivable	`LoansAndLeasesReceivableNetReportedAmount`	$291.36K	USD	Point-in-time
CommonStockValue PerShare	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Loan Receivable	`LoansAndLeasesReceivableNetReportedAmount`	$167.56K	USD	Point-in-time
CommonStockValue PerShare	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
CommonStock Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$63.63K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$3.77K	USD	Point-in-time
CommonStock Shares Authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Prepaid Rent	`PrepaidRent`	-	USD	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	26.32M	shares	Point-in-time
Common Stock Shares Issued	`CommonStockSharesIssued`	26.28M	shares	Point-in-time
Prepaid Rent	`PrepaidRent`	$98.00	USD	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	26.32M	shares	Point-in-time
Prepaid Taxes	`PrepaidTaxes`	$1.31K	USD	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	1.06M	shares	Point-in-time
Common Stock Shares Outstanding	`CommonStockSharesOutstanding`	26.28M	shares	Point-in-time
Prepaid Taxes	`PrepaidTaxes`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$620.29K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$330.87K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.07K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.02K	USD	Point-in-time
Furniture and Equipment	`PropertyPlantAndEquipmentNet`	$1.50K	USD	Point-in-time
Furniture and Equipment	`PropertyPlantAndEquipmentNet`	$1.50K	USD	Point-in-time
Vehicles	`PublicUtilitiesPropertyPlantAndEquipmentVehicles`	$33.72K	USD	Point-in-time
Vehicles	`PublicUtilitiesPropertyPlantAndEquipmentVehicles`	-	USD	Point-in-time
Total Fixed Assets	`PropertyPlantAndEquipmentCollectionsNotCapitalized`	$425.00	USD	Point-in-time
Total Fixed Assets	`PropertyPlantAndEquipmentCollectionsNotCapitalized`	$23.20K	USD	Point-in-time
Accumulated depreciation	`OtherIntangibleAssetsNet`	$83.93K	USD	Point-in-time
Accumulated depreciation	`OtherIntangibleAssetsNet`	$131.39K	USD	Point-in-time
App Development Cost	`DevelopmentCostsCumulative`	$97.40K	USD	Point-in-time
App Development Cost	`DevelopmentCostsCumulative`	$97.40K	USD	Point-in-time
RSS Database	`FiniteLivedIntangibleAssetsGross`	$149.00K	USD	Point-in-time
RSS Database	`FiniteLivedIntangibleAssetsGross`	$149.00K	USD	Point-in-time
Website Development	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$8.36K	USD	Point-in-time
Website Development	`CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers`	$8.36K	USD	Point-in-time
Total Intangible Assets	`IntangibleAssetsCurrent`	$170.83K	USD	Point-in-time
Total Intangible Assets	`IntangibleAssetsCurrent`	$123.37K	USD	Point-in-time
Deferred expenses	`DeferredSetUpCostsNoncurrent`	-	USD	Point-in-time
Deferred expenses	`DeferredSetUpCostsNoncurrent`	$1.94K	USD	Point-in-time
Total Other Assets	`DeferredCostsAndOtherAssets`	$1.94K	USD	Point-in-time
Total Other Assets	`DeferredCostsAndOtherAssets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$454.66K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$816.27K	USD	Point-in-time
Accrued Liabilities	`AccruedLiabilitiesCurrent`	$1.17K	USD	Point-in-time
Accrued Liabilities	`AccruedLiabilitiesCurrent`	$2.82K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$72.55K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$191.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$270.92K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.99K	USD	Point-in-time
Loan from Related Parties (note 6)	`DueToRelatedPartiesCurrent`	$154.94K	USD	Point-in-time
Loan from Related Parties (note 6)	`DueToRelatedPartiesCurrent`	$207.92K	USD	Point-in-time
Convertible Notes Payable (note 7)	`ConvertibleNotesPayableCurrent`	$60.00K	USD	Point-in-time
Convertible Notes Payable (note 7)	`ConvertibleNotesPayableCurrent`	$169.50K	USD	Point-in-time
Loan Payable	`LoansPayableCurrent`	$176.43K	USD	Point-in-time
Loan Payable	`LoansPayableCurrent`	$6.92K	USD	Point-in-time
Notes payable - Related Party	`NotesPayableRelatedPartiesClassifiedCurrent`	$99.00K	USD	Point-in-time
Notes payable - Related Party	`NotesPayableRelatedPartiesClassifiedCurrent`	$149.00K	USD	Point-in-time
Retainers from Customers	`RetainageDeposit`	$64.55K	USD	Point-in-time
Retainers from Customers	`RetainageDeposit`	$375.20K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$860.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total Liabilities	`Liabilities`	$860.23K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.14M	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 5,000,000 and 5,000,000 common shares issued and outstanding respectively	`PreferredStockValue`	$3.95K	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 5,000,000 and 5,000,000 common shares issued and outstanding respectively	`PreferredStockValue`	$3.95K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 26,316,083 and 26,281,600 common shares issued and outstanding respectively	`CommonStockValue`	$26.28K	USD	Point-in-time
Common stock, $0.001 par value, 250,000,000 shares authorized; 26,316,083 and 26,281,600 common shares issued and outstanding respectively	`CommonStockValue`	$26.32K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$293.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$60.19K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$169.00	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.39K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$495.85K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$369.33K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$405.56K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$327.41K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$454.66K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$816.27K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales	`ProceedsFromCustomers`	$1.21M	USD	Annual
Sales	`ProceedsFromCustomers`	$921.31K	USD	Annual
TOTAL INCOME	`InterestIncomeExpenseNet`	$921.31K	USD	Annual
TOTAL INCOME	`InterestIncomeExpenseNet`	$1.21M	USD	Annual
COGS	`CostOfGoodsAndServicesSold`	$710.51K	USD	Annual
COGS	`CostOfGoodsAndServicesSold`	$1.23M	USD	Annual
GROSS PROFIT	`GrossProfit`	$210.79K	USD	Annual
GROSS PROFIT	`GrossProfit`	$-16.54K	USD	Annual
Depreciation Expense	`CostDepreciationAmortizationAndDepletion`	$47.77K	USD	Annual
Depreciation Expense	`CostDepreciationAmortizationAndDepletion`	$56.75K	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$449.36K	USD	Annual
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$205.30K	USD	Annual
Professional Fees	`ProfessionalFees`	$55.60K	USD	Annual
Professional Fees	`ProfessionalFees`	$24.34K	USD	Annual
Rent Expenses	`LeaseAndRentalExpense`	$795.00	USD	Annual
Rent Expenses	`LeaseAndRentalExpense`	$1.19K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$553.92K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$287.19K	USD	Annual
OTHER (EXPENSES) INCOME	`OtherOperatingIncomeExpenseNet`	$1.43K	USD	Annual
OTHER (EXPENSES) INCOME	`OtherOperatingIncomeExpenseNet`	$216.60K	USD	Annual
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$126.52K	USD	Annual
NET INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$302.29K	USD	Annual
PROVISION FOR INCOME TAXES	`FederalIncomeTaxExpenseBenefitContinuingOperations`	-	USD	Annual
PROVISION FOR INCOME TAXES	`FederalIncomeTaxExpenseBenefitContinuingOperations`	-	USD	Annual
NET INCOME (LOSS)	`IncomeLossFromContinuingOperations`	$302.29K	USD	Annual
NET INCOME (LOSS)	`IncomeLossFromContinuingOperations`	$126.52K	USD	Annual
Foreign currency translation adjustment	`GoodwillForeignCurrencyTranslationGainLoss`	$11.39K	USD	Annual
Foreign currency translation adjustment	`GoodwillForeignCurrencyTranslationGainLoss`	$-11.56K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-130.08K	USD	Annual
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-290.90K	USD	Annual
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	-	USD	Annual
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	-	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	26.28M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	26.32M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetInvestmentIncome`	$248.02K	USD	Annual
Net Income	`NetInvestmentIncome`	$126.52K	USD	Annual
Foreign currency translation adjustment	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-9.53K	USD	Annual
Foreign currency translation adjustment	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$11.56K	USD	Annual
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$36.53K	USD	Annual
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$53.93K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-220.11K	USD	Annual
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$268.94K	USD	Annual
Accounts Receivables	`IncreaseDecreaseInAccountsReceivable`	$34.05K	USD	Annual
Accounts Receivables	`IncreaseDecreaseInAccountsReceivable`	$-59.86K	USD	Annual
Accrued Liabilities	`IncreaseDecreaseInAccruedLiabilities`	$12.38K	USD	Annual
Accrued Liabilities	`IncreaseDecreaseInAccruedLiabilities`	$972.00	USD	Annual
Accrued Payroll	`IncreaseDecreaseInAccruedSalaries`	$121.00K	USD	Annual
Accrued Payroll	`IncreaseDecreaseInAccruedSalaries`	$72.55K	USD	Annual
Deferred Expenses	`IncreaseDecreaseInDeferredCharges`	$1.94K	USD	Annual
Deferred Expenses	`IncreaseDecreaseInDeferredCharges`	$17.00	USD	Annual
Loan Receivable	`LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease`	$-114.38K	USD	Annual
Loan Receivable	`LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease`	$-210.39K	USD	Annual
Retainers from Customers	`Retainersfrom`	$310.65K	USD	Annual
Retainers from Customers	`Retainersfrom`	$-372.45K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-77.47K	USD	Annual
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$246.80K	USD	Annual
Prepaid Taxes	`IncreaseDecreaseInPrepaidTaxes`	$-1.31K	USD	Annual
Prepaid Taxes	`IncreaseDecreaseInPrepaidTaxes`	$210.00	USD	Annual
Prepaid Rent	`IncreaseDecreaseInPrepaidRent`	$98.00	USD	Annual
Prepaid Rent	`IncreaseDecreaseInPrepaidRent`	$-55.00	USD	Annual
Purchase of goods for resale	`PaymentsForProceedsFromProductiveAssets`	-	USD	Annual
Purchase of goods for resale	`PaymentsForProceedsFromProductiveAssets`	$114.00	USD	Annual
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$23.09K	USD	Annual
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$535.01K	USD	Annual
Vehicles acquisition cost	`VehiclesAcquisition`	$33.72K	USD	Annual
Vehicles acquisition cost	`VehiclesAcquisition`	$21.37K	USD	Annual
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.37K	USD	Annual
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.72K	USD	Annual
Additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$1.17K	USD	Annual
Additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	Annual
Loan from Related Parties	`LoansAndLeasesReceivableRelatedPartiesProceeds`	$92.37K	USD	Annual
Loan from Related Parties	`LoansAndLeasesReceivableRelatedPartiesProceeds`	$26.69K	USD	Annual
Loan Payable	`IncreaseDecreaseInNotesPayableRelatedParties`	$6.92K	USD	Annual
Loan Payable	`IncreaseDecreaseInNotesPayableRelatedParties`	$381.84K	USD	Annual
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$34.78K	USD	Annual
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$474.21K	USD	Annual
Net cash increase for period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.07K	USD	Annual
Net cash increase for period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$33.06K	USD	Annual
Cash at beginning of period	`Cash`	$60.36K	USD	Point-in-time
Cash at beginning of period	`Cash`	$27.30K	USD	Point-in-time
Cash at end of period	`CashEquivalentsAtCarryingValue`	$33.29K	USD	Point-in-time
Cash at end of period	`CashEquivalentsAtCarryingValue`	$60.36K	USD	Point-in-time
Supplemental disclosure of non-cash investing and financing activities: Right-of-use assets obtained in exchange for lease obligations	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	Annual
Supplemental disclosure of non-cash investing and financing activities: Right-of-use assets obtained in exchange for lease obligations	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$320.00	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityNoteSubscriptionsReceivable`	$-37.69K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	26.32M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	1.06M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	26.28M	shares	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-405.56K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-327.41K	USD	Point-in-time
Common Shares issued	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	Annual
Common Shares issued	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$25.22M	USD	Annual
Preferred Shares issued	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	Annual
Capital contribution	`ProceedsFromContributionsFromParent`	$1.17K	USD	Annual
Foreign currency translation adjustment	`FiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments`	$11.39K	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-302.29K	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-126.52K	USD	Annual
Balance, value	`CommonStockValueOutstanding`	$26.32M	USD	Point-in-time
Balance, value	`CommonStockValueOutstanding`	$26.28M	USD	Point-in-time
Conversion of Notes Payable into Common Shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	60,000.00	shares	Annual
Conversion of Notes Payable into Common Shares	`ConversionOfStockAmountIssued1`	$34.48K	USD	Annual
Foreign currency translation adjustment	`FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss`	$-11.63K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-405.56K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-327.41K	USD	Point-in-time

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