10-Q Filing

CitroTech Inc. CIK: 894556 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001640334-21-002593`
Period End Date	20210930
Filing Date	20211019
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	gevi_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 64 Cash Flow Statement 42 Stockholders Equity 24

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashEquivalentsAtCarryingValue`	$686.00	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$686.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Total Assets	`Assets`	$686.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.47K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Loan payable	`LoansPayableCurrent`	$20.26K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.95M	shares	Point-in-time
Note payable - related party	`NotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.95M	shares	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$9.36K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$11.09K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$82.82K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.36K	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.36K	USD	Point-in-time
Total Liabilities	`Liabilities`	$82.82K	USD	Point-in-time
Convertible Series A Preferred Stock, par value $0.001, authorized 10,000,000 shares, 10,000,000 shares and 0 shares issued and outstanding, respectively	`PreferredStockValue`	$10.00K	USD	Point-in-time
Convertible Series A Preferred Stock, par value $0.001, authorized 10,000,000 shares, 10,000,000 shares and 0 shares issued and outstanding, respectively	`PreferredStockValue`	$10.00K	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`	$-56.45M	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 Stockholders' Deficit	`StockholdersEquity`	$-82.14K	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`	$-73.08K	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`	$686.00	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSolds`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSolds`	-	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSolds`	-	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsSolds`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$2.02K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	-	USD	3 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$5.84K	USD	3 Qtrs
Management compensation	`ProfessionalFees`	$4.36K	USD	1 Quarter
Management compensation	`ProfessionalFees`	$10.55K	USD	3 Qtrs
Management compensation	`ProfessionalFees`	-	USD	1 Quarter
Management compensation	`ProfessionalFees`	-	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$52.98K	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$71.31K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$8.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-8.11K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	-	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-71.31K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.47K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$945.00	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-945.00	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-1.47K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	3 Qtrs
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.05K	USD	1 Quarter
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Net Loss before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-72.78K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-72.78K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-63.73K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.05K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	3 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.95M	shares	3 Qtrs
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.95M	shares	3 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	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.78K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-63.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$52.98K	USD	3 Qtrs
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.47K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToOtherRelatedParties`	$-552.00	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToOtherRelatedParties`	-	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.89K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Cash proceeds from acquisition of Strategic Asset Holdings, Inc.	`CashProceedsFromAcquisitionOfStrategicAssetHoldingsInc`	$14.07K	USD	3 Qtrs
Cash proceeds from acquisition of Strategic Asset Holdings, Inc.	`CashProceedsFromAcquisitionOfStrategicAssetHoldingsInc`	-	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$14.07K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromLoanOriginations1`	$5.50K	USD	3 Qtrs
Proceeds from loan payable	`ProceedsFromLoanOriginations1`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.50K	USD	3 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$686.00	USD	3 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$686.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$686.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Issuance of note payable for acquisition of Strategic Asset Holdings, Inc,	`ProceedsFromNotesPayable`	$50.00K	USD	3 Qtrs
Issuance of note payable for acquisition of Strategic Asset Holdings, Inc,	`ProceedsFromNotesPayable`	-	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-82.14K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
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
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.78K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-63.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	3 Qtrs
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-82.14K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
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

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