10-Q Filing

NANO MAGIC INC. CIK: 891417 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001493152-14-003721`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	penc-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 100 Cash Flow Statement 68 Stockholders Equity 11

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$100.37K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.41K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$254.43K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.52M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$17.22K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedPartiesCurrent`	$9.11K	USD	Point-in-time
Inventory	`InventoryNet`	$1.48M	USD	Point-in-time
Inventory	`InventoryNet`	$1.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$107.72K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$426.59K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.23M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$803.28K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$672.70K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.39M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Other assets	`OtherAssets`	$73.50K	USD	Point-in-time
Other assets	`OtherAssets`	$37.20K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$746.21K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$3.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.98M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.26M	USD	Point-in-time
Bank revolving line of credit	`LinesOfCreditCurrent`	$199.92K	USD	Point-in-time
Bank revolving line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Current portion of bank term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Current portion of bank term loan	`ShortTermBorrowings`	$60.00K	USD	Point-in-time
Convertible notes payable, net	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable, net	`ConvertibleNotesPayableCurrent`	$66.67K	USD	Point-in-time
Convertible notes payable - related parties, net	`ConvertibleNotesPayableRelatedPartiesNetCurrent`	$80.00K	USD	Point-in-time
Convertible notes payable - related parties, net	`ConvertibleNotesPayableRelatedPartiesNetCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$721.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$123.28K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$344.27K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$50.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$120.87K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Bank term loan, net of current portion	`LongTermLoansFromBank`	$515.00K	USD	Point-in-time
Bank term loan, net of current portion	`LongTermLoansFromBank`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilities`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilities`	$127.91K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$642.91K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.97M	USD	Point-in-time
Preferred stock, $.0001 par value, 20,000,000 shares authorized; No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.0001 par value, 20,000,000 shares authorized; No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.10M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.44M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.26M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.98M	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Third parties	`RevenueFromThirdParties`	$2.39M	USD	1 Quarter
Third parties	`RevenueFromThirdParties`	$6.53M	USD	3 Qtrs
Third parties	`RevenueFromThirdParties`	$1.91M	USD	1 Quarter
Third parties	`RevenueFromThirdParties`	$7.45M	USD	3 Qtrs
Related party	`RevenueFromRelatedParties`	$40.81K	USD	1 Quarter
Related party	`RevenueFromRelatedParties`	$44.35K	USD	1 Quarter
Related party	`RevenueFromRelatedParties`	$174.63K	USD	3 Qtrs
Related party	`RevenueFromRelatedParties`	$147.86K	USD	3 Qtrs
Total Sales	`SalesRevenueGoodsNet`	$6.70M	USD	3 Qtrs
Total Sales	`SalesRevenueGoodsNet`	$7.59M	USD	3 Qtrs
Total Sales	`SalesRevenueGoodsNet`	$1.95M	USD	1 Quarter
Total Sales	`SalesRevenueGoodsNet`	$2.44M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$1.52M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$4.15M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$1.34M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$4.17M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$613.96K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$911.34K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.56M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$3.42M	USD	3 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$186.06K	USD	3 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$201.11K	USD	3 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$42.03K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$57.88K	USD	1 Quarter
Salaries, wages and contract labor	`SalariesWagesAndOfficersCompensation`	$313.73K	USD	1 Quarter
Salaries, wages and contract labor	`SalariesWagesAndOfficersCompensation`	$574.21K	USD	1 Quarter
Salaries, wages and contract labor	`SalariesWagesAndOfficersCompensation`	$961.11K	USD	3 Qtrs
Salaries, wages and contract labor	`SalariesWagesAndOfficersCompensation`	$1.45M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$267.13K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$131.37K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$727.02K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$426.74K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$82.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$568.23K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$249.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$272.51K	USD	3 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$175.09K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$622.09K	USD	3 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$557.06K	USD	3 Qtrs
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$265.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.72M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$895.84K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.26M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.25M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-163.30K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$169.62K	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-648.72K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$15.50K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$35.00	USD	3 Qtrs
Interest income	`InterestIncomeOther`	-	USD	3 Qtrs
Interest income	`InterestIncomeOther`	-	USD	1 Quarter
Interest income	`InterestIncomeOther`	$6.00	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$1.81K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$72.05K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$15.52K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$19.23K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$12.12K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$37.68K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$30.81K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-34.34K	USD	3 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$-19.23K	USD	3 Qtrs
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$10.32K	USD	1 Quarter
Total Other Income/(Expense)	`NonoperatingIncomeExpense`	$15.30K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-197.64K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.80K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-638.40K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$150.39K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$55.90K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-159.73K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$94.49K	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$30.80K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-197.64K	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-478.68K	USD	1 Quarter
Net (income) loss attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$53.42K	USD	3 Qtrs
Net (income) loss attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-29.79K	USD	1 Quarter
Net (income) loss attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.48K	USD	1 Quarter
Net (income) loss attributable to former non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-28.69K	USD	3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$26.32K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$-448.89K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$-168.95K	USD	3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO PEN INC.	`NetIncomeLoss`	$41.07K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.64M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	325.64M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	401.18M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	351.10M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	325.64M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	325.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	401.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	351.10M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$94.49K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$30.80K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-197.64K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-478.68K	USD	1 Quarter
Change in inventory obsolescence reserve	`ChangeInInventoryObsolescenceReserve`	$26.54K	USD	3 Qtrs
Change in inventory obsolescence reserve	`ChangeInInventoryObsolescenceReserve`	$217.21K	USD	3 Qtrs
Change in value of equity credits	`ChangeInValueOfEquityCredits`	-	USD	3 Qtrs
Change in value of equity credits	`ChangeInValueOfEquityCredits`	$-160.00	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$171.50K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$165.21K	USD	3 Qtrs
Amortization of deferred lease incentives	`AmortizationOfLeaseIncentives`	$-9.62K	USD	3 Qtrs
Amortization of deferred lease incentives	`AmortizationOfLeaseIncentives`	$-9.62K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$103.09K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-713.60K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$640.93K	USD	3 Qtrs
Accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-8.11K	USD	3 Qtrs
Accounts receivable related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-68.30K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-202.03K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$275.76K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$230.56K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$137.36K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$166.32K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-179.69K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$101.00K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$77.14K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$50.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-25.60K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-567.29K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.02M	USD	3 Qtrs
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$48.12K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.80K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$144.04K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-37.80K	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-95.92K	USD	3 Qtrs
Repayment of bank line of credit, net	`RepaymentsOfLinesOfCredit`	$774.92K	USD	3 Qtrs
Repayment of bank line of credit, net	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$740.08K	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	-	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-774.92K	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-740.08K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$154.06K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.35M	USD	3 Qtrs
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$100.37K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$195.41K	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
CASH, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$254.43K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.37K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.41K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$254.43K	USD	Point-in-time
Interest	`InterestPaid`	$72.05K	USD	3 Qtrs
Interest	`InterestPaid`	$19.23K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Liabilities assumed in share exchange	`LiabilitiesAssumedInShareExchange`	$1.69M	USD	3 Qtrs
Liabilities assumed in share exchange	`LiabilitiesAssumedInShareExchange`	-	USD	3 Qtrs
Less: assets acquired in share exchange	`FairValueOfAssetsAcquired`	$496.69K	USD	3 Qtrs
Less: assets acquired in share exchange	`FairValueOfAssetsAcquired`	-	USD	3 Qtrs
Net liabilities assumed	`LiabilitiesAssumed1`	$1.19M	USD	3 Qtrs
Net liabilities assumed	`LiabilitiesAssumed1`	-	USD	3 Qtrs
Fair value of shares exchanged	`FairValueOfSharesExchanged`	-	USD	3 Qtrs
Fair value of shares exchanged	`FairValueOfSharesExchanged`	$1.24M	USD	3 Qtrs
Increase in intangible assets	`IncreaseDecreaseInIntangibleAssets`	$2.43M	USD	3 Qtrs
Increase in intangible assets	`IncreaseDecreaseInIntangibleAssets`	-	USD	3 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.44M	USD	Point-in-time
Shares deemed issued in reverse merger	`StockSharesDeemedIssedValueDuringPeriodInReverseMerger`	$1.24M	USD	3 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$89.32K	USD	3 Qtrs
Accretion of Class A shares issuable based on market conditions	`AdjustmentsToAdditionalPaidInCapitalAccretionOfClassSharesIssuableBasedOnMarketConditions`	$13.77K	USD	3 Qtrs
Net income	`ProfitLoss`	$94.49K	USD	3 Qtrs
Net income	`ProfitLoss`	$30.80K	USD	1 Quarter
Net income	`ProfitLoss`	$-197.64K	USD	3 Qtrs
Net income	`ProfitLoss`	$-478.68K	USD	1 Quarter
Balance	`StockholdersEquity`	$2.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.44M	USD	Point-in-time

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