10-K Filing

STANDARD PREMIUM FINANCE HOLDINGS, INC. CIK: 1807893 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001553350-22-000241`
Period End Date	20211231
Filing Date	20220325
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	spfh_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 34 Cash Flow Statement 78 Stockholders Equity 14

Balance Sheet 87 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	`Cash`	$20.99K	USD	Point-in-time
Designated shares	`DesignatedShares`	600,000.00	shares	Point-in-time
Cash	`Cash`	$477.29K	USD	Point-in-time
Designated shares	`DesignatedShares`	600,000.00	shares	Point-in-time
Premium finance contracts and related receivable, net	`PremiumFinanceContractsAndRelatedReceivableNet`	$46.67M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	99,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	99,000.00	shares	Point-in-time
Premium finance contracts and related receivable, net	`PremiumFinanceContractsAndRelatedReceivableNet`	$39.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$538.14K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$383.91K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	99,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	99,000.00	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$47.23M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$39.86M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$81.55K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$83.79K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.91M	shares	Point-in-time
OPERATING LEASE ASSETS	`OperatingLeaseRightOfUseAsset`	$95.42K	USD	Point-in-time
OPERATING LEASE ASSETS	`OperatingLeaseRightOfUseAsset`	$228.95K	USD	Point-in-time
FINANCE LEASE ASSETS	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.91M	shares	Point-in-time
FINANCE LEASE ASSETS	`FinanceLeaseRightOfUseAsset`	$65.18K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.91M	shares	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$516.31K	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$559.88K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$347.00K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$260.00K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$776.31K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$906.88K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$40.81M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$48.52M	USD	Point-in-time
Cash overdraft	`BankOverdrafts`	-	USD	Point-in-time
Cash overdraft	`BankOverdrafts`	$153.26K	USD	Point-in-time
Line of credit, net	`LinesOfCreditCurrent`	$25.65M	USD	Point-in-time
Line of credit, net	`LinesOfCreditCurrent`	$30.48M	USD	Point-in-time
Drafts payable	`DraftsPayable`	$1.87M	USD	Point-in-time
Drafts payable	`DraftsPayable`	$1.94M	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$2.26M	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$2.29M	USD	Point-in-time
Note payable - stockholders and related parties - current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$351.30K	USD	Point-in-time
Note payable - stockholders and related parties - current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$862.00K	USD	Point-in-time
Payroll Protection Program loan - current portion	`PayrollProtectionProgramLoanCurrentPortion`	$271.00K	USD	Point-in-time
Payroll Protection Program loan - current portion	`PayrollProtectionProgramLoanCurrentPortion`	$15.02K	USD	Point-in-time
Operating lease obligation - current portion	`OperatingLeaseLiabilityCurrent`	$39.34K	USD	Point-in-time
Operating lease obligation - current portion	`OperatingLeaseLiabilityCurrent`	$104.88K	USD	Point-in-time
Finance lease obligation - current portion	`FinanceLeaseLiabilityCurrent`	$11.86K	USD	Point-in-time
Finance lease obligation - current portion	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.51M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.21M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$31.40M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$37.61M	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$3.82M	USD	Point-in-time
Note payable, net of current portion	`LongTermNotesPayable`	$4.96M	USD	Point-in-time
Note payable - stockholders and related parties, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.23M	USD	Point-in-time
Note payable - stockholders and related parties, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.60M	USD	Point-in-time
Payroll Protection Program loan, net of current portion	`PayrollProtectionProgramLoanNetOfCurrentPortion`	$255.98K	USD	Point-in-time
Payroll Protection Program loan, net of current portion	`PayrollProtectionProgramLoanNetOfCurrentPortion`	-	USD	Point-in-time
Operating lease obligation, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$124.07K	USD	Point-in-time
Operating lease obligation, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$56.08K	USD	Point-in-time
Finance lease obligation, net of current portion	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Finance lease obligation, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$53.05K	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$5.73M	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$6.37M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$37.13M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.98M	USD	Point-in-time
Preferred stock, par value $.001 per share; 20 million shares authorized, 600,000 shares designated as Series A - convertible, 99,000 and 99,000 issued and outstanding at December 31, 2021 and December 31, 2020, respectively	`PreferredStockValue`	$99.00	USD	Point-in-time
Preferred stock, par value $.001 per share; 20 million shares authorized, 600,000 shares designated as Series A - convertible, 99,000 and 99,000 issued and outstanding at December 31, 2021 and December 31, 2020, respectively	`PreferredStockValue`	$99.00	USD	Point-in-time
Common stock, par value $.001 per share; 100 million shares authorized, 2,905,016 and 2,905,016 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$2.90K	USD	Point-in-time
Common stock, par value $.001 per share; 100 million shares authorized, 2,905,016 and 2,905,016 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$2.90K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.04M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$3.68M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$4.53M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$3.08M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$40.81M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$48.52M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
TOTAL REVENUES	`Revenues`	$7.66M	USD	Annual
TOTAL REVENUES	`Revenues`	$6.43M	USD	Annual
Interest expense	`InterestExpense`	$1.73M	USD	Annual
Interest expense	`InterestExpense`	$1.70M	USD	Annual
Salaries and wages	`SalariesAndWages`	$1.37M	USD	Annual
Salaries and wages	`SalariesAndWages`	$1.47M	USD	Annual
Commission expense	`LeasingCommissionsExpense`	$842.90K	USD	Annual
Commission expense	`LeasingCommissionsExpense`	$1.00M	USD	Annual
Bad debts	`BadDebts`	$397.03K	USD	Annual
Bad debts	`BadDebts`	$842.02K	USD	Annual
Professional fees	`ProfessionalFees`	$180.55K	USD	Annual
Professional fees	`ProfessionalFees`	$350.14K	USD	Annual
Postage expense	`PostageExpense`	$111.24K	USD	Annual
Postage expense	`PostageExpense`	$122.45K	USD	Annual
Insurance expense	`OtherExpenses`	$165.54K	USD	Annual
Insurance expense	`OtherExpenses`	$166.81K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$677.24K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$808.96K	USD	Annual
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$6.48M	USD	Annual
TOTAL COSTS AND EXPENSES	`OperatingCostsAndExpenses`	$5.46M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$977.69K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.19M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$310.01K	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$290.29K	USD	Annual
NET INCOME	`NetIncomeLoss`	$687.40K	USD	Annual
NET INCOME	`NetIncomeLoss`	$876.32K	USD	Annual
PREFFERED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$55.80K	USD	Annual
PREFFERED SHARE DIVIDENDS	`DividendsPreferredStockStock`	$69.30K	USD	Annual
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$631.60K	USD	Annual
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$807.02K	USD	Annual
Basic and Diluted	`NetIncomePerShareAttributableToCommonShareholdersBasicAndDiluted`	$0.28	USD	Annual
Basic and Diluted	`NetIncomePerShareAttributableToCommonShareholdersBasicAndDiluted`	$0.21	USD	Annual
Basic and Diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	2.91M	shares	Annual
Basic and Diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	3.05M	shares	Annual

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$687.40K	USD	Annual
NET INCOME	`NetIncomeLoss`	$876.32K	USD	Annual
Depreciation	`Depreciation`	$25.21K	USD	Annual
Depreciation	`Depreciation`	$34.68K	USD	Annual
Amortization of right to use asset - operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$109.45K	USD	Annual
Amortization of right to use asset - operating lease	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$101.81K	USD	Annual
Amortization of finance lease asset	`FinanceLeaseRightOfUseAssetAmortization`	-	USD	Annual
Amortization of finance lease asset	`FinanceLeaseRightOfUseAssetAmortization`	$625.00	USD	Annual
Bad debt expense	`BadDebtExpense`	$842.02K	USD	Annual
Bad debt expense	`BadDebtExpense`	$397.03K	USD	Annual
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-61.65K	USD	Annual
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-142.98K	USD	Annual
Options issued for services	`OptionsIssuedForServices`	$34.67K	USD	Annual
Options issued for services	`OptionsIssuedForServices`	$28.89K	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	$-27.20K	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	$-9.28K	USD	Annual
(Increase)/Decrease in premium finance contracts	`IncreasedecreaseInPremiumFinanceContracts`	$8.52M	USD	Annual
(Increase)/Decrease in premium finance contracts	`IncreasedecreaseInPremiumFinanceContracts`	$597.59K	USD	Annual
(Increase)/Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$154.23K	USD	Annual
(Increase)/Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$282.87K	USD	Annual
(Increase)/Decrease in deferred tax asset, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$87.00K	USD	Annual
(Increase)/Decrease in deferred tax asset, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$10.00K	USD	Annual
Increase/(Decrease) in drafts payable	`IncreaseDecreaseInBookOverdrafts`	$64.31K	USD	Annual
Increase/(Decrease) in drafts payable	`IncreaseDecreaseInBookOverdrafts`	$583.27K	USD	Annual
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$302.27K	USD	Annual
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$376.50K	USD	Annual
Increase/(Decrease) in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-109.45K	USD	Annual
Increase/(Decrease) in operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-101.81K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.30M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.45M	USD	Annual
Payments made on life insurance policy	`PaymentsToAcquireLifeInsurancePolicies`	$40.40K	USD	Annual
Payments made on life insurance policy	`PaymentsToAcquireLifeInsurancePolicies`	$43.57K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.93K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.89K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.29K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.50K	USD	Annual
Cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	Annual
Cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$153.26K	USD	Annual
Proceeds from notes payable - stockholders and related parties	`ProceedsFromRelatedPartyDebt`	$168.00K	USD	Annual
Proceeds from notes payable - stockholders and related parties	`ProceedsFromRelatedPartyDebt`	$60.00K	USD	Annual
Repayment of notes payable - stockholders and related parties	`RepaymentsOfRelatedPartyDebt`	$25.00K	USD	Annual
Repayment of notes payable - stockholders and related parties	`RepaymentsOfRelatedPartyDebt`	$10.00K	USD	Annual
Repayment of finance lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$891.00	USD	Annual
Repayment of finance lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	-	USD	Annual
Proceeds from PPP Loan	`ProceedsFromPppLoan`	-	USD	Annual
Proceeds from PPP Loan	`ProceedsFromPppLoan`	$271.00K	USD	Annual
Proceeds of line of credit, net of repayments	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.23M	USD	Annual
Proceeds of line of credit, net of repayments	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.68M	USD	Annual
Dividends paid	`DividendDistributionsPaid`	$48.98K	USD	Annual
Dividends paid	`DividendDistributionsPaid`	$69.30K	USD	Annual
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOrSaleOfEquity`	$320.00K	USD	Annual
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Proceeds from notes payable - other	`ProceedsFromSecuredNotesPayable`	$170.00K	USD	Annual
Proceeds from notes payable - other	`ProceedsFromSecuredNotesPayable`	$1.25M	USD	Annual
Repayment of notes payable - other	`ProceedsFromRepaymentsOfNotesPayable`	$-633.00K	USD	Annual
Repayment of notes payable - other	`ProceedsFromRepaymentsOfNotesPayable`	$-77.40K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.07M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.10M	USD	Annual
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-456.30K	USD	Annual
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$131.68K	USD	Annual
CASH AT THE BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$477.29K	USD	Point-in-time
CASH AT THE BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$345.61K	USD	Point-in-time
CASH AT THE BEGINNING OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.99K	USD	Point-in-time
CASH AT THE END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$477.29K	USD	Point-in-time
CASH AT THE END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$345.61K	USD	Point-in-time
CASH AT THE END OF THE YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.99K	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$365.25K	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$222.95K	USD	Annual
Interest paid	`InterestPaidNet`	$1.73M	USD	Annual
Interest paid	`InterestPaidNet`	$1.61M	USD	Annual
Debt issued to retire common stock	`DebtIssuedToRetireCommonStock`	-	USD	Annual
Debt issued to retire common stock	`DebtIssuedToRetireCommonStock`	$480.00K	USD	Annual
Debt exchanged for Series A Convertible Preferred Stock	`DebtExchangedForSeriesConvertiblePreferredStock`	$70.00K	USD	Annual
Debt exchanged for Series A Convertible Preferred Stock	`DebtExchangedForSeriesConvertiblePreferredStock`	-	USD	Annual
Operating lease assets obtained in exchange for lease liabilities	`OperatingLeaseAssetObtainedInExchangeForOperatingLeaseLiability`	$235.34K	USD	Annual
Operating lease assets obtained in exchange for lease liabilities	`OperatingLeaseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Finance lease assets obtained in exchange for lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$65.80K	USD	Annual
Finance lease assets obtained in exchange for lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$3.68M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.53M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.08M	USD	Point-in-time
Series A Convertible Preferred Stock issued for cash and exchanged for note payable	`SeriesConvertiblePreferredStockIssuedInExchangeForNotePayableAndCash`	$390.00K	USD	Annual
Debit issued to retire stock	`DebtIssuedToRetireStock`	$-480.00K	USD	Annual
Options and warrants issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$43.94K	USD	Annual
Options and warrants issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$56.09K	USD	Annual
Distributions (preferred shares)	`DistributionsPreferredShares`	$-48.98K	USD	Annual
Distributions (preferred shares)	`DistributionsPreferredShares`	$-69.30K	USD	Annual
Net income	`ProfitLoss`	$876.32K	USD	Annual
Net income	`ProfitLoss`	$687.40K	USD	Annual
Ending balance, value	`StockholdersEquity`	$3.68M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.53M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.08M	USD	Point-in-time

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