10-Q Filing

MAKAMER HOLDINGS, INC. CIK: 1632081 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-047546`
Period End Date	20220630
Filing Date	20220815
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q0622_makamer_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 42 Cash Flow Statement 34 Stockholders Equity 15

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Cash	`Cash`	$72.29K	USD	Point-in-time
Cash	`Cash`	$913.51K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Security deposit	`DepositsAssetsCurrent`	$20.49K	USD	Point-in-time
Security deposit	`DepositsAssetsCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.13M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$414.60K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Assets from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Assets from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$8.51K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$72.29K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.36M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$11.65K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$14.65K	USD	Point-in-time
Operating lease asset	`OperatingLeaseRightOfUseAsset`	$106.87K	USD	Point-in-time
Operating lease asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Total Assets	`Assets`	$1.48M	USD	Point-in-time
Total Assets	`Assets`	$83.94K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$48.78K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$271.03K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$184.99K	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$74.56K	USD	Point-in-time
Liabilities from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Liabilities from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$68.25K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$413.84K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$233.77K	USD	Point-in-time
Operating lease liability, net of current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability, net of current	`OperatingLeaseLiabilityNoncurrent`	$33.47K	USD	Point-in-time
Total Liabilities	`Liabilities`	$233.77K	USD	Point-in-time
Total Liabilities	`Liabilities`	$447.31K	USD	Point-in-time
Commitments and Contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value; 250,000,000 shares authorized, 36,347,004 and 26,132,421 issued and outstanding, respectively	`CommonStockValue`	$2.61K	USD	Point-in-time
Common stock, $0.0001 par value; 250,000,000 shares authorized, 36,347,004 and 26,132,421 issued and outstanding, respectively	`CommonStockValue`	$3.63K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$179.09K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-331.53K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$587.30K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-149.83K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$1.03M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.48M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$83.94K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	-	USD	2 Qtrs
Loss from continuing operations diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.10	USD	1 Quarter
Sales	`Revenues`	-	USD	1 Quarter
Loss from continuing operations diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.12	USD	2 Qtrs
Loss from discontinuing operations diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.17	USD	2 Qtrs
Loss from discontinuing operations diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.15	USD	1 Quarter
Consulting	`Consulting`	$3.04M	USD	2 Qtrs
Net loss per common share - diluted	`EarningsPerShareDiluted`	$-0.29	USD	2 Qtrs
Net loss per common share - diluted	`EarningsPerShareDiluted`	$-0.25	USD	1 Quarter
Consulting	`Consulting`	$2.80M	USD	1 Quarter
Weighted average number of shares outstanding during the period - Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.39M	shares	2 Qtrs
Weighted average number of shares outstanding during the period - Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.25M	shares	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$77.99K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$82.02K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$121.19K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$109.11K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$572.39K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$584.13K	USD	2 Qtrs
Total cost and expenses	`CostsAndExpenses`	$3.83M	USD	2 Qtrs
Total cost and expenses	`CostsAndExpenses`	$3.56M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-3.83M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-3.56M	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$1.00	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$1.00	USD	2 Qtrs
Total Other Income	`OtherNonoperatingIncomeExpense`	$1.00	USD	2 Qtrs
Total Other Income	`OtherNonoperatingIncomeExpense`	$1.00	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.83M	USD	2 Qtrs
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.56M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$5.41M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$5.41M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-8.97M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-9.23M	USD	2 Qtrs
Loss from continuing operations basic (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.10	USD	1 Quarter
Loss from continuing operations basic (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.12	USD	2 Qtrs
Loss from discontinuing operations basic (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.17	USD	2 Qtrs
Loss from discontinuing operations basic (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.15	USD	1 Quarter
Net loss per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	1 Quarter
Net loss per common share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	2 Qtrs
Weighted average number of shares outstanding during the period - Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.25M	shares	1 Quarter
Weighted average number of shares outstanding during the period - Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.39M	shares	2 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.83M	USD	2 Qtrs
Net loss from discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-5.41M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-8.97M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.23M	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$3.27M	USD	2 Qtrs
Amortization of operating lease assets	`AmortizationOfIntangibleAssets`	$12.03K	USD	2 Qtrs
Increase in security deposits	`IncreaseDecreaseInSecurityDeposits`	$-20.49K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInInventories`	$414.60K	USD	2 Qtrs
Assets from discontinued operations	`IncreaseDecreaseInOtherOperatingAssets`	$-5.33M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$222.25K	USD	2 Qtrs
Decrease in operating lease liability	`DecreaseInOperatingLeaseLiability`	$10.86K	USD	2 Qtrs
Liabilities from discontinued operations	`LiabilitiesFromDiscontinuedOperations`	$68.25K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-774.86K	USD	2 Qtrs
Net Cash Used in Operating Activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-8.83K	USD	2 Qtrs
Net Cash Used in Operating activities continued operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-766.04K	USD	2 Qtrs
Cash paid for patent	`CashPaidForPatent`	$-3.00K	USD	2 Qtrs
Cash acquired in acquisition of Makamer, Inc.	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-1.01M	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$1.01M	USD	2 Qtrs
Net Cash Provided by Investing Activities discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net Cash Provided by Investing activities continued operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.01M	USD	2 Qtrs
Proceeds from common stock issuance for cash	`ProceedsFromdueToFormerOfficers`	$795.00K	USD	2 Qtrs
Repayment of note payable to related party	`RepaymentsOfNotesPayable`	$184.99K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$610.01K	USD	2 Qtrs
Net Cash Provided by Financing Activities discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net Cash Provided by Financing activities continued operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$610.00K	USD	2 Qtrs
Net Increase in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$841.22K	USD	2 Qtrs
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$913.51K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.29K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$913.51K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$72.29K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Operating lease asset obtained for operating lease liability upon remeasurement	`OperatingLeaseAssetObtainedForOperatingLeaseLiability`	$118.89K	USD	2 Qtrs
Common stock issued in connection with acquisition of Makamer, Inc.	`CommonStockIssuedInConnectionWithAcquisitionOfMakamerInc`	$6.35M	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$587.30K	USD	Point-in-time
Balance	`StockholdersEquity`	$-149.83K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.03M	USD	Point-in-time
Shares issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$795.00K	USD	2 Qtrs
Shares issuance in connection with the merger	`StockIssuedDuringPeriodValueAcquisitions`	$6.35M	USD	2 Qtrs
Shares issuance in connection with the merger	`StockIssuedDuringPeriodValueAcquisitions`	$6.35M	USD	1 Quarter
Share cancellation in connection with the merger	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Share cancellation in connection with the merger	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.06M	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.27M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.23M	USD	2 Qtrs
Balance	`StockholdersEquity`	$587.30K	USD	Point-in-time
Balance	`StockholdersEquity`	$-149.83K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.03M	USD	Point-in-time

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