10-K Filing

CitroTech Inc. CIK: 894556 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001640334-22-000739`
Period End Date	20211231
Filing Date	20220412
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	gevi_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 47 Cash Flow Statement 50 Stockholders Equity 10

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.47K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Digital currency equipment, net	`PropertyPlantAndEquipmentNet`	$291.44K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Digital currency equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Digital currency	`DigitalCurrency`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Digital currency	`DigitalCurrency`	$33.32K	USD	Point-in-time
Total Assets	`Assets`	$330.23K	USD	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 Assets	`Assets`	-	USD	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.74K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$372.35K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$9.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$383.09K	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`	$383.09K	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`	$56.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.38M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-52.86K	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`	$330.23K	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Cryptocurrency mining	`CryptocurrencyMiningNew`	$38.92K	USD	Annual
Cryptocurrency mining	`CryptocurrencyMiningNew`	-	USD	Annual
Cost of revenue	`CostOfRevenue`	$18.61K	USD	Annual
Cost of revenue	`CostOfRevenue`	-	USD	Annual
Gross Profit	`GrossProfit`	$20.31K	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$3.67K	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	-	USD	Annual
Management compensation	`ManagementFeeExpense`	$15.00K	USD	Annual
Management compensation	`ManagementFeeExpense`	$109.36K	USD	Annual
Professional fees	`ProfessionalFees`	$39.54K	USD	Annual
Professional fees	`ProfessionalFees`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$109.36K	USD	Annual
Total operating expenses	`OperatingExpenses`	$58.21K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-37.91K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-109.36K	USD	Annual
Interest expense	`InterestExpense`	$945.00	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.47K	USD	Annual
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Impairment loss on digital currency	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$5.59K	USD	Annual
Impairment loss on digital currency	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-7.06K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	-	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-109.36K	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-44.97K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-109.36K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.97K	USD	Annual
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	Annual
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$70.18K	USD	Annual
Gain on disposition of Strategic Asset Holdings, LLC	`NetIncomeLossAttributableToNoncontrollingInterest`	$20.18K	USD	Annual
Gain on disposition of Strategic Asset Holdings, LLC	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-50.00K	USD	Annual
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-94.97K	USD	Annual
Net Loss	`NetIncomeLoss`	$-109.36K	USD	Annual
Loss from continuing operations per commons share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
Loss from continuing operations per commons share - basic and diluted	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	Annual
Loss from discontinued operations per common share - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Loss from discontinued operations per common share - basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasic`	-	USD	Annual
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasic`	-	USD	Annual
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	22.95M	shares	Annual
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	22.95M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$94.97K	USD	Annual
Net loss	`ProfitLoss`	$109.36K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$100.00K	USD	Annual
Impairment loss	`ImpairmentOfInvestments`	-	USD	Annual
Impairment loss	`ImpairmentOfInvestments`	$52.98K	USD	Annual
Impairment loss on digital assets	`GainLossOnSaleOfOtherAssets`	$-5.59K	USD	Annual
Impairment loss on digital assets	`GainLossOnSaleOfOtherAssets`	-	USD	Annual
Amortization digital assets machines	`AdjustmentForAmortization`	$9.74K	USD	Annual
Amortization digital assets machines	`AdjustmentForAmortization`	-	USD	Annual
Gain on discontinue operation -Strategic Asset Holdings, LLC	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-20.18K	USD	Annual
Gain on discontinue operation -Strategic Asset Holdings, LLC	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	Annual
Digital currency	`IncreaseDecreaseInDigitalCurrency`	-	USD	Annual
Digital currency	`IncreaseDecreaseInDigitalCurrency`	$-38.92K	USD	Annual
Related party advances funding operating expense	`IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense`	-	USD	Annual
Related party advances funding operating expense	`IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense`	$51.72K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.84K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Annual
Due to related party	`IncreaseDecreaseInDueToOtherRelatedParties`	$9.36K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToOtherRelatedParties`	$-5.00K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.21K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Cash proceeds from acquisition of Strategic Asset Holdings, LLC.	`ProceedsFromNotesPayable`	-	USD	Annual
Cash proceeds from acquisition of Strategic Asset Holdings, LLC.	`ProceedsFromNotesPayable`	$14.07K	USD	Annual
Acquisition digital currency equipment	`AcquisitionDigitalCurrencyEquipment`	$301.18K	USD	Annual
Acquisition digital currency equipment	`AcquisitionDigitalCurrencyEquipment`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-287.10K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceed from loan	`ProceedsFromLoanOriginations1`	$5.50K	USD	Annual
Proceed from loan	`ProceedsFromLoanOriginations1`	-	USD	Annual
Proceed from loan - related party	`ProceedsFromRelatedPartyDebt`	$311.27K	USD	Annual
Proceed from loan - related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$316.77K	USD	Annual
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.47K	USD	Annual
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.47K	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`	$5.47K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Issuance of note payable for acquisition of Strategic Asset Holdings, LLC.	`IssuanceOfNotePayableForAcquisitionOfStrategicAssetHoldingsLLC`	-	USD	Annual
Issuance of note payable for acquisition of Strategic Asset Holdings, LLC.	`IssuanceOfNotePayableForAcquisitionOfStrategicAssetHoldingsLLC`	$50.00K	USD	Annual
Debt forgiveness - related party	`AdjustmentsToAdditionalPaidInCapitalOther`	$51.47K	USD	Annual
Debt forgiveness - related party	`AdjustmentsToAdditionalPaidInCapitalOther`	-	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Issuance Convertible Series A Preferred Stock - related party compensation, amount	`StockIssuedDuringPeriodValueOther`	$100.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-94.97K	USD	Annual
Net loss	`NetIncomeLoss`	$-109.36K	USD	Annual
Debt forgiveness - related party	`DebtForgivenessRelatedParty`	$51.47K	USD	Annual
Balance, amount	`StockholdersEquity`	$-52.86K	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.