10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001376474-19-000064 |
| Period End Date | 20181231 |
| Filing Date | 20190329 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | nuze-20181231_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
39.58M | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$2.44M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$292.45K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$347.33K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
39.95M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
39.58M | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$144.63K | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
39.95M | shares | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$107.02K | USD | Point-in-time |
| Accounts receivable - Related party |
DueFromRelatedParties
|
$222.00 | USD | Point-in-time |
| Accounts receivable - Related party |
DueFromRelatedParties
|
$1.39K | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$134.88K | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$284.76K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$134.63K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$207.34K | USD | Point-in-time |
| Other current assets - Related party |
ContractWithCustomerAssetNetCurrent
|
$451.00 | USD | Point-in-time |
| Other current assets - Related party |
ContractWithCustomerAssetNetCurrent
|
$33.89K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.25M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$674.39K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$734.27K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$17.11K | USD | Point-in-time |
| Goodwill |
Goodwill
|
$17.11K | USD | Point-in-time |
| Customer List, net |
FiniteLivedIntangibleAssetsNet
|
$31.56K | USD | Point-in-time |
| Customer List, net |
FiniteLivedIntangibleAssetsNet
|
$34.42K | USD | Point-in-time |
| Other asset |
OtherAssetsNoncurrent
|
$2.21K | USD | Point-in-time |
| Other asset |
OtherAssetsNoncurrent
|
$1.67K | USD | Point-in-time |
| Assets, Noncurrent |
AssetsNoncurrent
|
$53.20K | USD | Point-in-time |
| Assets, Noncurrent |
AssetsNoncurrent
|
$50.88K | USD | Point-in-time |
| Total assets |
Assets
|
$2.98M | USD | Point-in-time |
| Total assets |
Assets
|
$3.83M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$268.28K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$318.78K | USD | Point-in-time |
| Current portion of long-term loan payable |
NotesPayableCurrent
|
$44.23K | USD | Point-in-time |
| Current portion of long-term loan payable |
NotesPayableCurrent
|
$34.28K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$160.77K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$142.49K | USD | Point-in-time |
| Other current liabilities - Related party |
ShortTermNonBankLoansAndNotesPayable
|
$2.78K | USD | Point-in-time |
| Other current liabilities - Related party |
ShortTermNonBankLoansAndNotesPayable
|
$2.88K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$498.42K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$476.07K | USD | Point-in-time |
| Loan payable - long term, net of current portion |
LongTermNotesPayable
|
$88.06K | USD | Point-in-time |
| Loan payable - long term, net of current portion |
LongTermNotesPayable
|
$91.00K | USD | Point-in-time |
| Other noncurrent liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$6.32K | USD | Point-in-time |
| Other noncurrent liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$6.53K | USD | Point-in-time |
| Liabilities, Noncurrent |
LiabilitiesNoncurrent
|
$97.53K | USD | Point-in-time |
| Liabilities, Noncurrent |
LiabilitiesNoncurrent
|
$94.38K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$595.95K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$570.45K | USD | Point-in-time |
| Common Stock, Value |
CommonStockValue
|
$396.00 | USD | Point-in-time |
| Common Stock, Value |
CommonStockValue
|
$399.00 | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$18.35M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$14.96M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-15.18M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-12.61M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-30.97K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-19.64K | USD | Point-in-time |
| Total NuZee, Inc. shareholders' equity |
StockholdersEquity
|
$2.32M | USD | Point-in-time |
| Total NuZee, Inc. shareholders' equity |
StockholdersEquity
|
$3.15M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$93.13K | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$86.27K | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.23M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.41M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.98M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.83M | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$353.41K | USD | 1 Quarter |
| Revenues |
Revenues
|
$356.88K | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$209.67K | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$239.01K | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$117.87K | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$143.74K | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$760.65K | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$2.73M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-642.78K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-2.59M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$4.18K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$507.00 | USD | 1 Quarter |
| Equity in loss of unconsolidated affiliate |
GainLossOnCondemnation
|
- | USD | 1 Quarter |
| Equity in loss of unconsolidated affiliate |
GainLossOnCondemnation
|
$-566.00 | USD | 1 Quarter |
| Other expense |
OtherNonoperatingExpense
|
$3.24K | USD | 1 Quarter |
| Other expense |
OtherNonoperatingExpense
|
- | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$713.00 | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$457.00 | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-643.56K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.59M | USD | 1 Quarter |
| Net loss attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-6.06K | USD | 1 Quarter |
| Net loss attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-11.71K | USD | 1 Quarter |
| Net loss attributable to NuZee, Inc. |
ProfitLoss
|
$-2.58M | USD | 1 Quarter |
| Net loss attributable to NuZee, Inc. |
ProfitLoss
|
$-637.50K | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic and diluted loss per common share |
EarningsPerShareBasicAndDiluted
|
$-0.06 | USD | 1 Quarter |
| Basic and diluted weighted average number of common stock outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
39.70M | shares | 1 Quarter |
| Basic and diluted weighted average number of common stock outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34.91M | shares | 1 Quarter |
Cash Flow Statement
80 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-643.56K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.59M | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$65.71K | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$23.54K | USD | 1 Quarter |
| Option expense |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$1.79M | USD | 1 Quarter |
| Option expense |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$133.49K | USD | 1 Quarter |
| Loss on sale of assets |
GainLossOnDispositionOfAssets1
|
$-3.22K | USD | 1 Quarter |
| Loss on sale of assets |
GainLossOnDispositionOfAssets1
|
- | USD | 1 Quarter |
| Loss on settlement of payable |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on settlement of payable |
GainsLossesOnExtinguishmentOfDebt
|
$-89.05K | USD | 1 Quarter |
| Inventory impairment |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Inventory impairment |
AssetImpairmentCharges
|
$4.56K | USD | 1 Quarter |
| Allowance for sales return |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Allowance for sales return |
ProvisionForDoubtfulAccounts
|
$7.74K | USD | 1 Quarter |
| Equity in loss of unconsolidated affiliate |
GainLossOnCondemnation
|
- | USD | 1 Quarter |
| Equity in loss of unconsolidated affiliate |
GainLossOnCondemnation
|
$-566.00 | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-29.88K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-58.66K | USD | 1 Quarter |
| Accounts receivable - Related party |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
$-6.18K | USD | 1 Quarter |
| Accounts receivable - Related party |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
$1.17K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$154.44K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$33.36K | USD | 1 Quarter |
| Prepaid expense and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$72.71K | USD | 1 Quarter |
| Prepaid expense and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$87.41K | USD | 1 Quarter |
| Increase (Decrease) in Contract with Customer, Asset |
IncreaseDecreaseInContractWithCustomerAsset
|
$-4.00K | USD | 1 Quarter |
| Increase (Decrease) in Contract with Customer, Asset |
IncreaseDecreaseInContractWithCustomerAsset
|
$-33.44K | USD | 1 Quarter |
| Other asset |
IncreaseDecreaseInOtherOperatingAssets
|
- | USD | 1 Quarter |
| Other asset |
IncreaseDecreaseInOtherOperatingAssets
|
$541.00 | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$68.92K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$100.89K | USD | 1 Quarter |
| Accounts payable - related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
- | USD | 1 Quarter |
| Accounts payable - related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$-10.94K | USD | 1 Quarter |
| Deferred revenue |
RecognitionOfDeferredRevenue
|
$-1.87K | USD | 1 Quarter |
| Deferred revenue |
RecognitionOfDeferredRevenue
|
- | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
- | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$211.00 | USD | 1 Quarter |
| Other current liabilities - related party |
IncreaseDecreaseInContractWithCustomerLiability
|
$93.00 | USD | 1 Quarter |
| Other current liabilities - related party |
IncreaseDecreaseInContractWithCustomerLiability
|
- | USD | 1 Quarter |
| Accrued expense and other current liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-18.29K | USD | 1 Quarter |
| Accrued expense and other current liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-66.53K | USD | 1 Quarter |
| Net cash used by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-742.99K | USD | 1 Quarter |
| Net cash used by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-512.59K | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$149.54K | USD | 1 Quarter |
| Purchase of equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$38.15K | USD | 1 Quarter |
| Proceeds from sales of equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$23.60K | USD | 1 Quarter |
| Proceeds from sales of equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-125.94K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-38.15K | USD | 1 Quarter |
| Proceeds from issuance of loan - short term - Related party |
ProceedsFromOtherDebt
|
$156.00K | USD | 1 Quarter |
| Proceeds from issuance of loan - short term - Related party |
ProceedsFromOtherDebt
|
- | USD | 1 Quarter |
| Repayment of loans - short term - Related party |
ProceedsFromRelatedPartyDebt
|
$-157.00K | USD | 1 Quarter |
| Repayment of loans - short term - Related party |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Repayment of loans - short term |
RepaymentsOfOtherDebt
|
$9.95K | USD | 1 Quarter |
| Repayment of loans - short term |
RepaymentsOfOtherDebt
|
$11.14K | USD | 1 Quarter |
| Payments on capital lease |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$864.00 | USD | 1 Quarter |
| Payments on capital lease |
RepaymentsOfDebtAndCapitalLeaseObligations
|
- | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$1.49M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$509.11K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$496.11K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.48M | USD | 1 Quarter |
| Effect of foreign exchange on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$19.12K | USD | 1 Quarter |
| Effect of foreign exchange on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-250.00 | USD | 1 Quarter |
| Net change in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$635.05K | USD | 1 Quarter |
| Net change in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-54.87K | USD | 1 Quarter |
| Cash and Cash Equivalents, at Carrying Value, Beginning Balance |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Beginning Balance |
CashAndCashEquivalentsAtCarryingValue
|
$2.44M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Beginning Balance |
CashAndCashEquivalentsAtCarryingValue
|
$292.45K | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Beginning Balance |
CashAndCashEquivalentsAtCarryingValue
|
$347.33K | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Ending Balance |
CashAndCashEquivalentsAtCarryingValue
|
$1.81M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Ending Balance |
CashAndCashEquivalentsAtCarryingValue
|
$2.44M | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Ending Balance |
CashAndCashEquivalentsAtCarryingValue
|
$292.45K | USD | Point-in-time |
| Cash and Cash Equivalents, at Carrying Value, Ending Balance |
CashAndCashEquivalentsAtCarryingValue
|
$347.33K | USD | Point-in-time |
| Cash paid for interest |
InterestPaidCapitalized
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidCapitalized
|
$543.00 | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
$800.00 | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Subscription receivable from issuance of common stock |
DebtConversionConvertedInstrumentAmount1
|
$153.00K | USD | 1 Quarter |
| Subscription receivable from issuance of common stock |
DebtConversionConvertedInstrumentAmount1
|
- | USD | 1 Quarter |
| Stock issued to settle payables |
StockIssuedToSettlePayables
|
$18.43K | USD | 1 Quarter |
| Stock issued to settle payables |
StockIssuedToSettlePayables
|
- | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-643.56K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.59M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-290.00 | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$16.18K | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-290.00 | USD | 1 Quarter |
| Total other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$16.18K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-2.57M | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-643.85K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.