10-Q Filing

DROR ORTHO-DESIGN, INC. CIK: 1282980 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001387131-23-006462`
Period End Date	20230331
Filing Date	20230512
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	novint-10q_033123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 28 Cash Flow Statement 30 Stockholders Equity 10

Balance Sheet 46 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
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.36K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.08K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.35K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.48K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$28.84K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$60.43K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$60.43K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$28.84K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	202.31M	shares	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`	$107.44K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$101.15K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$683.13K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$695.63K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$803.07K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$784.28K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$803.07K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$784.28K	USD	Point-in-time
Preferred stock, $0.0001 par value; 12,500,000 shares authorized, 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 12,500,000 shares authorized, 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022	`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 March 31, 2023 and December 31, 2022	`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 March 31, 2023 and December 31, 2022	`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`	$-41.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.85M	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-723.86K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-545.11K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-774.24K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-594.42K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$28.84K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$60.43K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.65K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$24.43K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$23.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.95K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$50.38K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$49.30K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-50.38K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.30K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$14.00	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-14.00	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.31K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.38K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.38K	USD	1 Quarter
Net loss per share. basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share. basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share. diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share. diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	202.31M	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-49.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.38K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$203.00	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$135.00	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-1.36K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.13K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$6.29K	USD	1 Quarter
Accrued royalties	`IncreaseDecreaseInRoyaltiesPayable`	$12.50K	USD	1 Quarter
Accrued royalties	`IncreaseDecreaseInRoyaltiesPayable`	$12.50K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.79K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.73K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-38.79K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-31.73K	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.15K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.08K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.36K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.94K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.15K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.08K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.36K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.94K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$14.00	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-723.86K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-545.11K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-774.24K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-594.42K	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-49.31K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-50.38K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-723.86K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-545.11K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-774.24K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-594.42K	USD	Point-in-time

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