10-K Filing

HEALTHTECH SOLUTIONS, INC./UT CIK: 1307624 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001262463-23-000045`
Period End Date	20221231
Filing Date	20230628
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	hlttf10k12312022_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 51 Cash Flow Statement 70 Stockholders Equity 19

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$97.59K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.11K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.24M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$403.60K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$138.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$305.59K	USD	Point-in-time
Loan receivable	`LoansReceivableHeldForSaleAmount`	$168.00K	USD	Point-in-time
Loan receivable	`LoansReceivableHeldForSaleAmount`	-	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	$42.85K	USD	Point-in-time
Other receivable	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Right of use asset, net	`OperatingLeaseRightOfUseAssetCurrent`	$375.48K	USD	Point-in-time
Right of use asset, net	`OperatingLeaseRightOfUseAssetCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$313.10K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.46M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Investment in and advance to non-consolidated affiliate	`DueFromAffiliateNoncurrentAsset`	$110.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Investment in and advance to non-consolidated affiliate	`DueFromAffiliateNoncurrentAsset`	$110.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	66.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	72.22M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$83.33K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$95.44K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	66.97M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	72.22M	shares	Point-in-time
Total Long Term Assets	`AssetsNoncurrent`	$288.77K	USD	Point-in-time
Total Long Term Assets	`AssetsNoncurrent`	$110.00K	USD	Point-in-time
Total Assets	`Assets`	$2.75M	USD	Point-in-time
Total Assets	`Assets`	$423.10K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$733.74K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.46M	USD	Point-in-time
Loans from non-affiliated parties	`DueToRelatedPartyCurrent`	$1.37M	USD	Point-in-time
Loans from non-affiliated parties	`DueToRelatedPartyCurrent`	-	USD	Point-in-time
Loans from shareholders	`LoansFromShareholders`	$1.62M	USD	Point-in-time
Loans from shareholders	`LoansFromShareholders`	$336.92K	USD	Point-in-time
Lease Liability	`OperatingLeaseLiabilityCurrent`	$375.48K	USD	Point-in-time
Lease Liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.07M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.83M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.07M	USD	Point-in-time
Series A preferred stock, $0.001 par value, 156,837 authorized, 110,520 and 110,520 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively	`PreferredStockValue`	$110.00	USD	Point-in-time
Series A preferred stock, $0.001 par value, 156,837 authorized, 110,520 and 110,520 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively	`PreferredStockValue`	$110.00	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 72,215,933 and 66,965,933 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$72.22K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 72,215,933 and 66,965,933 issued and outstanding as of December 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$66.97K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.68M	USD	Point-in-time
Stockholders' Equity (Deficit) Attributable to the Company:	`StockholdersEquity`	$-647.56K	USD	Point-in-time
Stockholders' Equity (Deficit) Attributable to the Company:	`StockholdersEquity`	$-2.75M	USD	Point-in-time
Non controlling Interest	`MinorityInterest`	$-321.67K	USD	Point-in-time
Non controlling Interest	`MinorityInterest`	-	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-647.56K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-562.60K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.07M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$2.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$423.10K	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Earning per share, basic	`EarningsPerShareBasic`	$-0.04	USD	Annual
Revenue	`Revenues`	$1.69M	USD	Annual
Earning per share, basic	`EarningsPerShareBasic`	$-0.31	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Cost of Goods	`CostOfRevenue`	$123.86K	USD	Annual
Cost of Goods	`CostOfRevenue`	-	USD	Annual
Earning per share, diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Earning per share, diluted	`EarningsPerShareDiluted`	$-0.31	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
Gross Profit	`GrossProfit`	$1.56M	USD	Annual
Weighted average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	68.07M	shares	Annual
Weighted average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.43M	shares	Annual
Weighted average number of shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.07M	shares	Annual
Weighted average number of shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.43M	shares	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.84M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.90M	USD	Annual
General and administrative-related party	`GeneralAndAdministrativerelatedParty`	$255.00K	USD	Annual
General and administrative-related party	`GeneralAndAdministrativerelatedParty`	$2.60M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$159.77K	USD	Annual
Research and development related party	`ResearchAndDevelopmentRelatedParty`	$322.00K	USD	Annual
Research and development related party	`ResearchAndDevelopmentRelatedParty`	$72.00K	USD	Annual
Depreciation & Amortization	`DepreciationAndAmortization`	$78.66K	USD	Annual
Depreciation & Amortization	`DepreciationAndAmortization`	$25.93K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.01M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.02M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-3.46M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-5.01M	USD	Annual
Interest expense	`InterestExpense`	$367.14K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	$2.93M	USD	Annual
Change in fair value of derivative liabilities	`ChangeInFairValueOfDerivativeLiabilities`	-	USD	Annual
Total Other Expenses	`NonoperatingIncomeExpense`	-	USD	Annual
Total Other Expenses	`NonoperatingIncomeExpense`	$-3.30M	USD	Annual
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.31M	USD	Annual
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.46M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-8.31M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.46M	USD	Annual
Loss from Discontinued Operations, net of taxes	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-668.96K	USD	Annual
Loss from Discontinued Operations, net of taxes	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Loss from disposal	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	$-134.11K	USD	Annual
Loss from disposal	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	-	USD	Annual
Total Loss from Discontinued Operations:	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-803.07K	USD	Annual
Net Loss	`ProfitLoss`	$-3.46M	USD	Annual
Net Loss	`ProfitLoss`	$-9.11M	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-413.72K	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net Loss attributable to Controlling Interest	`NetIncomeLoss`	$-3.04M	USD	Annual
Net Loss attributable to Controlling Interest	`NetIncomeLoss`	$-9.11M	USD	Annual

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-3.46M	USD	Annual
Net loss	`ProfitLoss`	$-9.11M	USD	Annual
Net loss from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	Annual
Net loss from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$668.96K	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.46M	USD	Annual
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-8.44M	USD	Annual
Amortization expense	`AmortizationOfIntangibleAssets`	$41.99K	USD	Annual
Amortization expense	`AmortizationOfIntangibleAssets`	$25.93K	USD	Annual
Depreciation expense	`DepreciationDepletionAndAmortization`	$36.67K	USD	Annual
Non-cash compensation	`NoncashCompensation`	$707.50K	USD	Annual
Non-cash interest	`OtherNoncashExpense`	$367.14K	USD	Annual
Non-cash interest	`OtherNoncashExpense`	-	USD	Annual
Non-cash stock option expense	`StockOptionPlanExpense`	$135.00K	USD	Annual
Issuance of common stock	`IssuanceOfCommonStock`	-	USD	Annual
Issuance of common stock	`IssuanceOfCommonStock`	$3.23M	USD	Annual
Inventory reserve	`InventoryWriteDown`	-	USD	Annual
Inventory reserve	`InventoryWriteDown`	$70.16K	USD	Annual
Allowance for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Allowance for bad debt	`ProvisionForDoubtfulAccounts`	$175.39K	USD	Annual
Loss on disposal of subsidiary	`GainLossOnDispositionOfAssets1`	$-134.11K	USD	Annual
Loss on disposal of subsidiary	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	-	USD	Annual
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$-2.93M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-105.17K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$128.06K	USD	Annual
Prepaid commissions	`IncreaseDecreaseInPrepaidCommissions`	$104.76K	USD	Annual
Prepaid commissions	`IncreaseDecreaseInPrepaidCommissions`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$473.75K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.41M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$42.85K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$653.58K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.66M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.56M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.22M	USD	Annual
Advances to divested subsidiary	`AdvancesToDivestedSubsidiary`	-	USD	Annual
Advances to divested subsidiary	`AdvancesToDivestedSubsidiary`	$913.07K	USD	Annual
Payment of loan receivable	`PaymentsForProceedsFromLoansReceivable`	-	USD	Annual
Payment of loan receivable	`PaymentsForProceedsFromLoansReceivable`	$168.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds of loans from shareholders	`ProceedsOfLoansFromShareholders`	$336.92K	USD	Annual
Proceeds of loans from shareholders	`ProceedsOfLoansFromShareholders`	$1.28M	USD	Annual
Proceeds from convertible debenture	`ProceedsFromConvertibleDebt`	$50.00K	USD	Annual
Proceeds from convertible debenture	`ProceedsFromConvertibleDebt`	-	USD	Annual
Loans from non-affiliated parties	`ProceedsFromRelatedPartyDebt`	$1.37M	USD	Annual
Loans from non-affiliated parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Capital contributions	`ProceedsFromContributionsFromParent`	$4.56K	USD	Annual
Capital contributions	`ProceedsFromContributionsFromParent`	-	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.79M	USD	Point-in-time
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.79M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.65M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.18M	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-121.89K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$90.48K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.00K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$97.59K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.00K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$97.59K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.11K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$61.00	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Acquisition of noncontrolling interest for issuance of common stock	`AcquiredNoncontrollingInterestForIssuanceOfCommonStock`	$187.50K	USD	Annual
Acquisition of noncontrolling interest for issuance of common stock	`AcquiredNoncontrollingInterestForIssuanceOfCommonStock`	-	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-647.56K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-562.60K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.07M	USD	Point-in-time
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$707.50K	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.23M	USD	Annual
Issuance of common stock in satisfaction of account payable	`IssuanceOfCommonStockInSatisfactionOfAccountPayable`	$187.50K	USD	Annual
Issuance of Stock Options	`ProceedsFromStockOptionsExercised`	$135.00K	USD	Annual
Issuance of common stock for cash proceeds	`StockIssuedDuringPeriodValueNewIssues`	$1.79M	USD	Annual
Issuance of common stock for cash proceeds, shares	`StockIssuedDuringPeriodSharesNewIssues`	3.51M	shares	Point-in-time
Issuance of common stock for cash proceeds, shares	`StockIssuedDuringPeriodSharesNewIssues`	8.96M	shares	Point-in-time
Conversion of Series A Preferred into common stock	`DebtConversionOriginalDebtAmount`	-	USD	Annual
Conversion of Debentures into common stock	`ConversionOfStockAmountIssued1`	$4.00M	USD	Annual
Conversion of Debentures into common stock, shares	`ConversionOfStockSharesConverted1`	16,910.00	shares	Point-in-time
Capital contributions	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.56K	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.11M	USD	Annual
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.46M	USD	Annual
Balance at December 31, 2022	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-647.56K	USD	Point-in-time
Balance at December 31, 2022	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-562.60K	USD	Point-in-time
Balance at December 31, 2022	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.07M	USD	Point-in-time

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