10-Q Filing

DROR ORTHO-DESIGN, INC. CIK: 1282980 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001387131-23-009779`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	nvnt-10q_063023_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 56 Cash Flow Statement 35 Stockholders Equity 16

Balance Sheet 50 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`	$55.08K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.22K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.96K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.35K	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
Total Current Assets	`AssetsCurrent`	$60.43K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$29.18K	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`	$29.18K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$60.43K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	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`	$126.54K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$101.15K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$708.13K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$683.13K	USD	Point-in-time
Note payable related party	`NotesPayable`	$50.00K	USD	Point-in-time
Note payable related party	`NotesPayable`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$784.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$884.67K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$784.28K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$884.67K	USD	Point-in-time
Preferred stock, $0.0001 par value; 12,500,000 shares authorized, 0 shares issued and outstanding as of June 30, 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 June 30, 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 June 30, 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 June 30, 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`	$-41.94M	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-774.24K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-855.50K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-594.42K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-723.86K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-631.28K	USD	Point-in-time
TOTAL STOCKHOLDERS DEFICIT	`StockholdersEquity`	$-545.11K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$60.43K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$29.18K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$82.53K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$58.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.50K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.86K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$23.16K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$49.11K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$23.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$46.66K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$131.64K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$36.86K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$81.27K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$86.16K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-131.64K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-36.86K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-81.27K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-86.16K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-14.00	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	-	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-14.00	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.86K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-81.27K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-86.17K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-131.64K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-81.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-86.17K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-36.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-131.64K	USD	2 Qtrs
Net loss per share. basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share. basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share. basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share. basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share. diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share. diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share. diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share. diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	202.31M	shares	2 Qtrs
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	202.31M	shares	1 Quarter
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	202.31M	shares	2 Qtrs
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	202.31M	shares	2 Qtrs
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	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	2 Qtrs

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-81.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-86.17K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-36.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-131.64K	USD	2 Qtrs
Expenses paid by related party	`OtherNoncashExpense`	$30.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.39K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.23K	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-1.36K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$25.39K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-4.43K	USD	2 Qtrs
Accrued royalties	`IncreaseDecreaseInRoyaltiesPayable`	$25.00K	USD	2 Qtrs
Accrued royalties	`IncreaseDecreaseInRoyaltiesPayable`	$25.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.87K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.02K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from related party promissory note	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from related party promissory note	`ProceedsFromRelatedPartyDebt`	$20.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.00K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-27.86K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-61.02K	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.08K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.92K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.22K	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`	$55.08K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.92K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.22K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.94K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$14.00	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$458.00	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-774.24K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-855.50K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-594.42K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-723.86K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-631.28K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-545.11K	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-81.27K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-86.17K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-36.86K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-131.64K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-774.24K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-855.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-594.42K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-723.86K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-631.28K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-545.11K	USD	Point-in-time

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