10-Q Filing

FYNTECHNICAL INNOVATIONS INC CIK: 1497230 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001829126-23-008176`
Period End Date	20230930
Filing Date	20231222
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	smcentertainment_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 65 Cash Flow Statement 58 Stockholders Equity 39

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$2.35K	USD	Point-in-time
Cash	`Cash`	$17.92K	USD	Point-in-time
Receivable	`ReceivablesNetCurrent`	$300.00K	USD	Point-in-time
Receivable	`ReceivablesNetCurrent`	$300.00K	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Prepaids and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.00K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$308.35K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$317.92K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$10.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.32B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	962.54M	shares	Point-in-time
Intangible assets. net	`FiniteLivedIntangibleAssetsNet`	$12.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.32B	shares	Point-in-time
Intangible assets. net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	962.54M	shares	Point-in-time
Total Assets	`Assets`	$23.89M	USD	Point-in-time
Total Assets	`Assets`	$308.35K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$96.31K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.04K	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$926.84K	USD	Point-in-time
Accrued compensation	`AccruedCompensation`	$1.34M	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$22.39K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$15.62K	USD	Point-in-time
Convertible notes and accrued interest	`ConvertibleNotesPayableCurrent`	$1.23M	USD	Point-in-time
Convertible notes and accrued interest	`ConvertibleNotesPayableCurrent`	$1.15M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$536.40K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$608.34K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.30M	USD	Point-in-time
Common stock $0.001 par value, 3,000,000,000 shares authorized; 1,315,960,743 and 962,535,830 shares issued and outstanding, respectively	`CommonStockValue`	$1.32M	USD	Point-in-time
Common stock $0.001 par value, 3,000,000,000 shares authorized; 1,315,960,743 and 962,535,830 shares issued and outstanding, respectively	`CommonStockValue`	$962.54K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	$23.50K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	$19.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.54M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.62M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.92M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.45M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$21.53M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.84M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$20.60M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$23.89M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$308.35K	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$201.46K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$110.90K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$245.75K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$41.35K	USD	1 Quarter
Compensation expense related party	`CompensationExpenseRelatedParty`	$144.60K	USD	1 Quarter
Compensation expense related party	`CompensationExpenseRelatedParty`	$2.81M	USD	3 Qtrs
Compensation expense related party	`CompensationExpenseRelatedParty`	$233.10K	USD	1 Quarter
Compensation expense related party	`CompensationExpenseRelatedParty`	$521.20K	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	$1.46M	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	-	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	$727.50K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.22M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.07M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.01M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$185.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.07M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.01M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.22M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-185.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$64.29K	USD	3 Qtrs
Interest expense	`InterestExpense`	$21.43K	USD	3 Qtrs
Gain on conversion of debt	`GainOnConversionOfDebt`	$-7.64K	USD	1 Quarter
Gain on conversion of debt	`GainOnConversionOfDebt`	$-7.64K	USD	3 Qtrs
Gain on conversion of debt	`GainOnConversionOfDebt`	-	USD	1 Quarter
Gain on conversion of debt	`GainOnConversionOfDebt`	-	USD	3 Qtrs
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$1.68M	USD	Annual
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$-259.03K	USD	3 Qtrs
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$234.44K	USD	1 Quarter
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$24.08K	USD	1 Quarter
Change in fair value of derivative	`DerivativeGainLossOnDerivativeNet`	$1.38M	USD	3 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	$45.81K	USD	3 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	3 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	$45.81K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$20.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$20.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	3 Qtrs
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-318.63K	USD	3 Qtrs
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$-22.10K	USD	1 Quarter
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$1.33M	USD	3 Qtrs
Total Other (Expense) Income	`NonoperatingIncomeExpense`	$229.98K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-2.54M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$44.03K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-1.68M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Earnings Per Share, Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	924.01M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12B	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.28B	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	939.08M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.28B	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.12B	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	939.08M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	924.01M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.68M	USD	3 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.54M	USD	3 Qtrs
Common stock issued for services related party	`CommonStockIssuedForServicesRelatedParty`	$101.20K	USD	3 Qtrs
Common stock issued for services related party	`CommonStockIssuedForServicesRelatedParty`	$2.41M	USD	3 Qtrs
Common stock issued for services	`CommonStockIssuedForService`	$72.10K	USD	3 Qtrs
Common stock issued for services	`CommonStockIssuedForService`	$37.50K	USD	3 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	$1.38M	USD	3 Qtrs
Change in fair value of derivative	`ChangeInFairValueOfDerivative`	$-316.53K	USD	3 Qtrs
Gain on conversion of debt	`GainOnConversionOfDebt`	$-7.64K	USD	1 Quarter
Gain on conversion of debt	`GainOnConversionOfDebt`	$-7.64K	USD	3 Qtrs
Gain on conversion of debt	`GainOnConversionOfDebt`	-	USD	1 Quarter
Gain on conversion of debt	`GainOnConversionOfDebt`	-	USD	3 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	$45.81K	USD	3 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`LossOnConversionOfDebt`	-	USD	3 Qtrs
Loss on conversion of debt	`LossOnConversionOfDebt`	$45.81K	USD	1 Quarter
Debt discount	`AmortizationOfDebtDiscountPremium`	$4.60K	USD	3 Qtrs
Debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	$1.46M	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	-	USD	3 Qtrs
Amortization expense	`AdjustmentForAmortization`	$727.50K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	-	USD	1 Quarter
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	3 Qtrs
Prepaids	`IncreaseDecreaseInPrepaidExpense`	$6.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.55K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.00K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-35.04K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-59.69K	USD	3 Qtrs
Accrued compensation related party	`IncreaseDecreaseAccruedCompensationReletedParty`	$316.96K	USD	3 Qtrs
Accrued compensation related party	`IncreaseDecreaseAccruedCompensationReletedParty`	$417.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-170.50K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.59K	USD	3 Qtrs
Cash Flows from Investing Activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Cash Flows from Investing Activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Cash overdraft assumed with acquisition	`CashOverdraftAssumedWithAcquisition`	$425.00	USD	3 Qtrs
Cash overdraft assumed with acquisition	`CashOverdraftAssumedWithAcquisition`	-	USD	3 Qtrs
Proceeds from loan related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	3 Qtrs
Proceeds from loan related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from loans	`ProceedsFromShortTermDebt`	$138.58K	USD	3 Qtrs
Proceeds from loans	`ProceedsFromShortTermDebt`	$181.75K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$181.75K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$143.16K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.25K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$15.57K	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.70K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.92K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.70K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.92K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Debt converted to common stock	`DebtConvertedToCommonStock`	$30.00K	USD	3 Qtrs
Debt converted to common stock	`DebtConvertedToCommonStock`	-	USD	3 Qtrs

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.62M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.92M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.45M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$21.53M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.84M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$20.60M	USD	Point-in-time
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$151.20K	USD	1 Quarter
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$131.04K	USD	1 Quarter
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$64.68K	USD	1 Quarter
Common stock issued for conversion of debt	`CommonStockIssuedForConversionOfDebt`	$140.00K	USD	1 Quarter
Common stock issued for services related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$92.80K	USD	1 Quarter
Common stock issued for services related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$4.05K	USD	1 Quarter
Common stock issued for services related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$12.50K	USD	1 Quarter
Common stock issued for services related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$4.35K	USD	1 Quarter
Common stock issued for services related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$10.68K	USD	1 Quarter
Common stock issued for services related party	`StockIssuedDuringCommonStockIssuedForServicesRelatedParty`	$2.39M	USD	1 Quarter
Preferred stock issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$25.00M	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$15.00K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$25.40K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$22.50K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$22.50K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$27.10K	USD	1 Quarter
Common stock cancelled	`CommonStockCancelled`	-	USD	1 Quarter
Net income	`ProfitLoss`	$44.03K	USD	1 Quarter
Net income	`ProfitLoss`	$-1.22M	USD	1 Quarter
Net income	`ProfitLoss`	$-507.70K	USD	1 Quarter
Net income	`ProfitLoss`	$-430.91K	USD	1 Quarter
Net income	`ProfitLoss`	$-1.02M	USD	1 Quarter
Net income	`ProfitLoss`	$-1.09M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.62M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.92M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.45M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$21.53M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.84M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$20.60M	USD	Point-in-time

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