10-Q Filing

DROR ORTHO-DESIGN, INC. CIK: 1282980 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001387131-21-011017`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	nvnt-10q_093021_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 48 Cash Flow Statement 28 Stockholders Equity 16

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	12.50M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	12.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$322.03K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$229.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$336.92K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$431.71K	USD	Point-in-time
Accounts receivables - related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts receivables - related party	`AccountsReceivableRelatedPartiesCurrent`	$1.36K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.04K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.97K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$328.07K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$235.35K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$235.35K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	202.31M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$328.07K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	202.31M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	202.31M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	202.31M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$101.39K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$119.54K	USD	Point-in-time
Accrued Royalties	`AccruedRoyaltiesCurrent`	$583.13K	USD	Point-in-time
Accrued Royalties	`AccruedRoyaltiesCurrent`	$620.63K	USD	Point-in-time
Accrued Royalties	`AccruedRoyaltiesCurrent`	$37.50K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$722.02K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$702.67K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$702.67K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$722.02K	USD	Point-in-time
Preferred stock, $0.0001 par value; 12,500,000 shares authorized, 0 shares issued and outstanding as of September 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 12,500,000 shares authorized, 0 shares issued and outstanding as of September 30, 2021 and December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 500,000,000 shares authorized, 202,308,728 shares issued and outstanding as of September 30, 2021 and December 31, 2020	`CommonStockValue`	$20.23K	USD	Point-in-time
Common stock, $0.0001 par value; 500,000,000 shares authorized, 202,308,728 shares issued and outstanding as of September 30, 2021 and December 31, 2020	`CommonStockValue`	$20.23K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$41.06M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$41.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.45M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-288.57K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-486.67K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-206.61K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-340.13K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-374.60K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-459.46K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$235.35K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$328.07K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.57K	USD	3 Qtrs
Revenue	`Revenues`	$913.00	USD	1 Quarter
Revenue	`Revenues`	$1.00K	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$70.55K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$6.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.60K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$30.43K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$21.41K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$73.89K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$21.06K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$63.75K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$51.50K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$114.49K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$134.30K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$28.07K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-51.50K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-27.16K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-111.92K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-133.30K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$224.00	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$50.00	USD	1 Quarter
Interest expense, net	`InterestExpense`	$58.00	USD	1 Quarter
Interest expense, net	`InterestExpense`	$155.00	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-224.00	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-155.00	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-50.00	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-58.00	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-133.52K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-112.07K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-27.21K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.56K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-112.07K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-27.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-51.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.52K	USD	3 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted-average common shares outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	202.31M	shares	3 Qtrs
Weighted-average common shares outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	202.31M	shares	3 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-112.07K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-27.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-51.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.52K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.02K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.07K	USD	3 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$1.36K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.15K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.76K	USD	3 Qtrs
Accrued Royalties	`AccruedRoyalties`	$87.50K	USD	3 Qtrs
Accrued Royalties	`AccruedRoyalties`	$37.50K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-93.01K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-94.79K	USD	3 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-94.79K	USD	3 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-93.01K	USD	3 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$322.03K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$229.02K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$336.92K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$431.71K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$322.03K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$229.02K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$336.92K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$431.71K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$224.00	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$155.00	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balances, December 31, 2019	`StockholdersEquity`	$-288.57K	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquity`	$-486.67K	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquity`	$-206.61K	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquity`	$-340.13K	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquity`	$-374.60K	USD	Point-in-time
Balances, December 31, 2019	`StockholdersEquity`	$-459.46K	USD	Point-in-time
Net Loss for the Nine Months	`NetIncomeLoss`	$-112.07K	USD	3 Qtrs
Net Loss for the Nine Months	`NetIncomeLoss`	$-27.21K	USD	1 Quarter
Net Loss for the Nine Months	`NetIncomeLoss`	$-51.56K	USD	1 Quarter
Net Loss for the Nine Months	`NetIncomeLoss`	$-133.52K	USD	3 Qtrs
Balances, September 30, 2020	`StockholdersEquity`	$-288.57K	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquity`	$-486.67K	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquity`	$-206.61K	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquity`	$-340.13K	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquity`	$-374.60K	USD	Point-in-time
Balances, September 30, 2020	`StockholdersEquity`	$-459.46K	USD	Point-in-time

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