10-K Filing

STANDARD PREMIUM FINANCE HOLDINGS, INC. CIK: 1807893 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001079973-24-000379`
Period End Date	20231231
Filing Date	20240315
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	spfx_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 38 Cash Flow Statement 80 Stockholders Equity 16

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$421.21K	USD	Point-in-time
Cash	`Cash`	$45.24K	USD	Point-in-time
Premium finance contracts and related receivable, net of allowance for credit losses of $1,501,593 and $1,129,498 at December 31, 2023 and December 31, 2022, respectively	`PremiumFinanceContractsAndRelatedReceivableNet`	$60.74M	USD	Point-in-time
Premium finance contracts and related receivable, net of allowance for credit losses of $1,501,593 and $1,129,498 at December 31, 2023 and December 31, 2022, respectively	`PremiumFinanceContractsAndRelatedReceivableNet`	$49.47M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$307.21K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$348.80K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$50.24M	USD	Point-in-time
Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLoss`	$1.13M	USD	Point-in-time
Allowance for credit losses	`AccountsAndFinancingReceivableAllowanceForCreditLoss`	$1.50M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$61.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$103.59K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$122.50K	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`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$80.84K	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$196.41K	USD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	$51.92K	USD	Point-in-time
Finance lease assets	`FinanceLeaseRightOfUseAsset`	$38.66K	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$603.82K	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$650.24K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$288.16K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$391.00K	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
TOTAL OTHER ASSETS	`OtherAssets`	$1.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$891.98K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.91M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$51.49M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$62.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.91M	shares	Point-in-time
Cash overdraft	`BankOverdrafts`	$168.54K	USD	Point-in-time
Cash overdraft	`BankOverdrafts`	-	USD	Point-in-time
Line of credit, net	`LinesOfCreditCurrent`	$32.71M	USD	Point-in-time
Line of credit, net	`LinesOfCreditCurrent`	$42.37M	USD	Point-in-time
Drafts payable	`DraftsPayable`	$1.83M	USD	Point-in-time
Drafts payable	`DraftsPayable`	$2.68M	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$2.18M	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$1.34M	USD	Point-in-time
Note payable - stockholders and related parties - current portion	`NotePayableStockholdersAndRelatedPartiesCurrentPortion`	$109.00K	USD	Point-in-time
Note payable - stockholders and related parties - current portion	`NotePayableStockholdersAndRelatedPartiesCurrentPortion`	$310.00K	USD	Point-in-time
Payroll Protection Program loan - current portion	`PayrollProtectionProgramLoanNetOfCurrentPortion`	$92.78K	USD	Point-in-time
Payroll Protection Program loan - current portion	`PayrollProtectionProgramLoanNetOfCurrentPortion`	$91.85K	USD	Point-in-time
Operating lease obligation - current portion	`OperatingLeaseLiabilityCurrent`	$50.59K	USD	Point-in-time
Operating lease obligation - current portion	`OperatingLeaseLiabilityCurrent`	$122.55K	USD	Point-in-time
Finance lease obligation - current portion	`FinanceLeaseLiabilityCurrent`	$12.49K	USD	Point-in-time
Finance lease obligation - current portion	`FinanceLeaseLiabilityCurrent`	$13.17K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.32M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.56M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$49.43M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$37.54M	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$5.95M	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$4.68M	USD	Point-in-time
Note payable - stockholders and related parties, net of current portion	`NotePayableStockholdersAndRelatedPartiesNetOfCurrentPortion`	$1.82M	USD	Point-in-time
Note payable - stockholders and related parties, net of current portion	`NotePayableStockholdersAndRelatedPartiesNetOfCurrentPortion`	$1.78M	USD	Point-in-time
Payroll Protection Program loan, net of current portion	`PayrollProtectionProgramLoanNetOfNonCurrentPortion`	$31.14K	USD	Point-in-time
Payroll Protection Program loan, net of current portion	`PayrollProtectionProgramLoanNetOfNonCurrentPortion`	$123.92K	USD	Point-in-time
Operating lease obligation, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$73.85K	USD	Point-in-time
Operating lease obligation, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$30.25K	USD	Point-in-time
Finance lease obligation, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$27.39K	USD	Point-in-time
Finance lease obligation, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$40.56K	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$6.55M	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$8.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$45.54M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$55.98M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (see Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (see Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 20 million shares authorized, 600,000 shares designated as Series A - convertible, 166,000 issued and outstanding at December 31, 2023 and 2022	`PreferredStockValue`	$166.00	USD	Point-in-time
Preferred stock, par value $0.001 per share; 20 million shares authorized, 600,000 shares designated as Series A - convertible, 166,000 issued and outstanding at December 31, 2023 and 2022	`PreferredStockValue`	$166.00	USD	Point-in-time
Common stock, par value $0.001 per share; 100 million shares authorized, 2,905,016 shares issued and outstanding at December 31, 2023 and 2022	`CommonStockValue`	$2.90K	USD	Point-in-time
Common stock, par value $0.001 per share; 100 million shares authorized, 2,905,016 shares issued and outstanding at December 31, 2023 and 2022	`CommonStockValue`	$2.90K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.41M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.57M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$5.95M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$6.40M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$4.53M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$51.49M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$62.38M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
TOTAL REVENUES	`Revenues`	$8.16M	USD	Annual
TOTAL REVENUES	`Revenues`	$9.72M	USD	Annual
Interest	`InterestExpense`	$2.33M	USD	Annual
Interest	`InterestExpense`	$3.80M	USD	Annual
Salaries and wages	`SalariesAndWages`	$1.77M	USD	Annual
Salaries and wages	`SalariesAndWages`	$1.56M	USD	Annual
Commissions	`LeasingCommissionsExpense`	$976.99K	USD	Annual
Commissions	`LeasingCommissionsExpense`	$1.15M	USD	Annual
Provision for credit losses	`ProvisionForOtherCreditLosses`	$734.04K	USD	Annual
Provision for credit losses	`ProvisionForOtherCreditLosses`	$950.82K	USD	Annual
Professional fees	`ProfessionalFees`	$374.14K	USD	Annual
Professional fees	`ProfessionalFees`	$310.95K	USD	Annual
Postage	`PostageExpense`	$114.98K	USD	Annual
Postage	`PostageExpense`	$110.75K	USD	Annual
Insurance	`OtherExpenses`	$124.48K	USD	Annual
Insurance	`OtherExpenses`	$181.79K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$881.28K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$792.94K	USD	Annual
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$9.01M	USD	Annual
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$7.14M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$712.89K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.01M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$180.49K	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$206.19K	USD	Annual
NET INCOME	`NetIncomeLoss`	$806.13K	USD	Annual
NET INCOME	`NetIncomeLoss`	$532.40K	USD	Annual
PREFERRED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$116.20K	USD	Annual
PREFERRED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$89.19K	USD	Annual
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$416.20K	USD	Annual
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$716.94K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.25	USD	Annual
Basic	`EarningsPerShareBasic`	$0.14	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.21	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.13	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.91M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	2.91M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.41M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.29M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$806.13K	USD	Annual
NET INCOME	`NetIncomeLoss`	$532.40K	USD	Annual
Depreciation	`Depreciation`	$22.28K	USD	Annual
Depreciation	`Depreciation`	$25.29K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-2.17K	USD	Annual
Amortization of right to use asset - operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$103.58K	USD	Annual
Amortization of right to use asset - operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$115.57K	USD	Annual
Amortization of finance lease asset	`FinanceLeaseRightOfUseAssetAmortization`	$13.26K	USD	Annual
Amortization of finance lease asset	`FinanceLeaseRightOfUseAssetAmortization`	$13.26K	USD	Annual
Provision for credit losses	`ProvisionForOtherCreditLosses`	$734.04K	USD	Annual
Provision for credit losses	`ProvisionForOtherCreditLosses`	$950.82K	USD	Annual
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-70.20K	USD	Annual
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-104.70K	USD	Annual
Options issued for services	`OptionsIssuedForServices`	$19.88K	USD	Annual
Options issued for services	`OptionsIssuedForServices`	$28.20K	USD	Annual
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	-	USD	Annual
Warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$10.80K	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-41.59K	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-189.34K	USD	Annual
(Increase)/Decrease in deferred tax asset, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$102.84K	USD	Annual
(Increase)/Decrease in deferred tax asset, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-58.84K	USD	Annual
Increase/(Decrease) in drafts payable	`IncreasedecreaseInDraftsPayable`	$853.48K	USD	Annual
Increase/(Decrease) in drafts payable	`IncreasedecreaseInDraftsPayable`	$-107.39K	USD	Annual
Increase/(Decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$237.34K	USD	Annual
Increase/(Decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-194.83K	USD	Annual
Decrease in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-115.57K	USD	Annual
Decrease in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-103.58K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.62M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.68M	USD	Annual
Disbursements under premium finance contracts receivable, net	`DisbursementsUnderPremiumFinanceContractsReceivableNet`	$3.53M	USD	Annual
Disbursements under premium finance contracts receivable, net	`DisbursementsUnderPremiumFinanceContractsReceivableNet`	$12.22M	USD	Annual
Payments made on cash surrender value of life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$43.94K	USD	Annual
Payments made on cash surrender value of life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$46.42K	USD	Annual
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.52K	USD	Annual
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.50K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.75K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.72K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.62M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.31M	USD	Annual
Cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-153.26K	USD	Annual
Cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$168.54K	USD	Annual
Proceeds of line of credit, net of repayments	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.17M	USD	Annual
Proceeds of line of credit, net of repayments	`ProceedsFromRepaymentsOfLinesOfCredit`	$9.56M	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$575.51K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$350.21K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$288.40K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$771.58K	USD	Annual
Proceeds from notes payable - stockholders and related parties	`ProceedsFromRelatedPartyDebt`	$35.00K	USD	Annual
Proceeds from notes payable - stockholders and related parties	`ProceedsFromRelatedPartyDebt`	$190.00K	USD	Annual
Repayment of notes payable - stockholders and related parties	`RepaymentOfNotesPayableStockholdersAndRelatedParties`	$27.00K	USD	Annual
Repayment of notes payable - stockholders and related parties	`RepaymentOfNotesPayableStockholdersAndRelatedParties`	$181.30K	USD	Annual
Repayment of finance lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$12.49K	USD	Annual
Repayment of finance lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$11.86K	USD	Annual
Proceeds from the sale of Series A Convertible Preferred Stock	`ProceedsFromIssuanceOrSaleOfEquity`	$400.00K	USD	Annual
Proceeds from the sale of Series A Convertible Preferred Stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Repayment of PPP loan	`RepaymentOfPppLoan`	$91.85K	USD	Annual
Repayment of PPP loan	`RepaymentOfPppLoan`	$55.22K	USD	Annual
Paid-in capital	`ProceedsFromContributionsFromParent`	-	USD	Annual
Paid-in capital	`ProceedsFromContributionsFromParent`	$45.00	USD	Annual
Dividends paid on Series A Convertible Preferred Stock	`DividendDistributionsPaid`	$116.20K	USD	Annual
Dividends paid on Series A Convertible Preferred Stock	`DividendDistributionsPaid`	$89.19K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.25M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.40M	USD	Annual
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$400.22K	USD	Annual
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-375.97K	USD	Annual
CASH AT THE BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.24K	USD	Point-in-time
CASH AT THE BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.99K	USD	Point-in-time
CASH AT THE BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$421.21K	USD	Point-in-time
CASH AT THE END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.24K	USD	Point-in-time
CASH AT THE END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.99K	USD	Point-in-time
CASH AT THE END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$421.21K	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$78.05K	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$395.24K	USD	Annual
Interest paid	`InterestPaidNet`	$2.20M	USD	Annual
Interest paid	`InterestPaidNet`	$3.70M	USD	Annual
Debt exchanged for Series A Convertible Preferred Stock	`DebtExchangedForSeriesConvertiblePreferredStock`	-	USD	Annual
Debt exchanged for Series A Convertible Preferred Stock	`DebtExchangedForSeriesConvertiblePreferredStock`	$270.00K	USD	Annual
Operating lease assets obtained in exchange for lease liabilities	`OperatingLeaseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Operating lease assets obtained in exchange for lease liabilities	`OperatingLeaseAssetObtainedInExchangeForOperatingLeaseLiability`	$71.04K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$5.95M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$6.40M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.53M	USD	Point-in-time
Series A Convertible Preferred Stock issued for cash	`SeriesAConvertiblePreferredStockIssuedForCash`	$400.00K	USD	Annual
Series A Convertible Preferred Stock issued in exchange for note payable	`SeriesAConvertiblePreferredStockIssuedInExchangeForNotePayable`	$270.00K	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	$10.80K	USD	Annual
Options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$19.88K	USD	Annual
Options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$28.20K	USD	Annual
Paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$45.00	USD	Annual
Dividends paid on preferred stock	`DividendsPaidOnPreferredStock`	$-89.19K	USD	Annual
Dividends paid on preferred stock	`DividendsPaidOnPreferredStock`	$-116.20K	USD	Annual
Net income	`ProfitLoss`	$806.13K	USD	Annual
Net income	`ProfitLoss`	$532.40K	USD	Annual
Ending balance, value	`StockholdersEquity`	$5.95M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$6.40M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.53M	USD	Point-in-time

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