10-Q Filing

CitroTech Inc. CIK: 894556 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001640334-21-002537`
Period End Date	20210630
Filing Date	20211008
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	gevi_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 50 Cash Flow Statement 31 Stockholders Equity 18

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$4.06K	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.95M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.95M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.06K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.95M	shares	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.95M	shares	Point-in-time
Total Assets	`Assets`	$4.06K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$524.00	USD	Point-in-time
Loan payable	`LoansPayableCurrent`	$17.26K	USD	Point-in-time
Loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Note payable - related party	`NotesPayableCurrent`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$9.36K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$9.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$77.14K	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.36K	USD	Point-in-time
Total Liabilities	`Liabilities`	$77.14K	USD	Point-in-time
Common Stock par value $0.001, authorized 1,000,000,000 shares, 22,945,388 shares issued and outstanding	`CommonStockValue`	$22.95K	USD	Point-in-time
Common Stock par value $0.001, authorized 1,000,000,000 shares, 22,945,388 shares issued and outstanding	`CommonStockValue`	$22.95K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$56.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$56.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.44M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-73.08K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$4.06K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
General and administration	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$3.82K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$3.82K	USD	2 Qtrs
Management compensation	`ProfessionalFees`	$6.41K	USD	2 Qtrs
Management compensation	`ProfessionalFees`	-	USD	2 Qtrs
Management compensation	`ProfessionalFees`	-	USD	1 Quarter
Management compensation	`ProfessionalFees`	$6.41K	USD	1 Quarter
Impairment loss	`GoodwillImpairmentLoss`	-	USD	2 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment loss	`GoodwillImpairmentLoss`	$52.98K	USD	2 Qtrs
Impairment loss	`GoodwillImpairmentLoss`	$52.98K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.20K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	-	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	-	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	-	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-63.20K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-63.20K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$524.00	USD	1 Quarter
Interest expense	`InterestExpense`	$524.00	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-524.00	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-524.00	USD	2 Qtrs
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-63.73K	USD	2 Qtrs
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-63.73K	USD	1 Quarter
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-63.73K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-63.73K	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.95M	shares	1 Quarter
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.95M	shares	2 Qtrs
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.95M	shares	1 Quarter
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.95M	shares	2 Qtrs

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	-	USD	2 Qtrs
Net loss	`ProfitLoss`	$-63.73K	USD	2 Qtrs
Impairment loss	`GoodwillAndIntangibleAssetImpairment`	$52.98K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.77K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.52K	USD	2 Qtrs
Acquisition of Strategic Asset Holdings	`ProceedsFromPreviousAcquisition`	$14.07K	USD	2 Qtrs
Acquisition of Strategic Asset Holdings	`ProceedsFromPreviousAcquisition`	-	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$14.07K	USD	2 Qtrs
Proceed from loan	`ProceedsFromLoanOriginations1`	$2.50K	USD	2 Qtrs
Proceed from loan	`ProceedsFromLoanOriginations1`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.50K	USD	2 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.06K	USD	2 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.06K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.06K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Issuance of note payable for acquisition	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Issuance of note payable for acquisition	`ProceedsFromNotesPayable`	$50.00K	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-73.08K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.73K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-63.73K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-73.08K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time

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