10-Q Filing

CitroTech Inc. CIK: 894556 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001640334-22-000996`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	gevi_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 24 Cash Flow Statement 36 Stockholders Equity 11

Balance Sheet 38 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$46.67K	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
Cash	`CashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$46.67K	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
Total Current Assets	`AssetsCurrent`	$5.47K	USD	Point-in-time
Digital currency equipment, net	`IntangibleAssetsNetExcludingGoodwill`	$276.38K	USD	Point-in-time
Digital currency equipment, net	`IntangibleAssetsNetExcludingGoodwill`	$291.44K	USD	Point-in-time
Digital currency	`FiniteLivedIntangibleAssetsNet`	$26.82K	USD	Point-in-time
Digital currency	`FiniteLivedIntangibleAssetsNet`	$33.32K	USD	Point-in-time
Total Assets	`Assets`	$349.87K	USD	Point-in-time
Total Assets	`Assets`	$330.23K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.29K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.74K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$372.35K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$410.84K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$423.13K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$383.09K	USD	Point-in-time
Total Liabilities	`Liabilities`	$423.13K	USD	Point-in-time
Total Liabilities	`Liabilities`	$383.09K	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`	$56.40M	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`	$-56.50M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-73.25K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$349.87K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$330.23K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Cryptocurrency mining	`Revenues`	$46.98K	USD	1 Quarter
Cryptocurrency mining	`Revenues`	-	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$27.84K	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$19.14K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$2.60K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.17K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.77K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-23.62K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	-	USD	1 Quarter
Impairment loss on digital currency	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	1 Quarter
Impairment loss on digital currency	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$6.12K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-6.12K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-29.75K	USD	1 Quarter
Net loss per common share - basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share - basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	22.95M	shares	1 Quarter
Basic and Diluted Weighted Average Number of Common Shares Outstanding	`BasicAndDilutedWeightedAverageNumberOfCommonSharesOutstanding`	22.95M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$29.75K	USD	1 Quarter
Net loss	`ProfitLoss`	-	USD	1 Quarter
Impairment loss on digital assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	1 Quarter
Impairment loss on digital assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$6.12K	USD	1 Quarter
Amortization digital assets machines	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization digital assets machines	`AmortizationOfIntangibleAssets`	$15.06K	USD	1 Quarter
Digital currency	`IncreaseDecreaseInDigitalCurrency`	$374.00	USD	1 Quarter
Digital currency	`IncreaseDecreaseInDigitalCurrency`	-	USD	1 Quarter
Related party advances funding operating expense	`OperatingCostsAndExpenses`	-	USD	1 Quarter
Related party advances funding operating expense	`OperatingCostsAndExpenses`	$40.17K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.54K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$33.52K	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Repayment of loan- related party	`RepaymentsOfRelatedPartyDebt`	$47.32K	USD	1 Quarter
Repayment of loan- related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceed from loan - related party	`ProceedsFromRelatedPartyDebt`	$55.00K	USD	1 Quarter
Proceed from loan - related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$7.68K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$41.20K	USD	1 Quarter
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.67K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.47K	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`	$46.67K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Debt forgiveness - related party	`DebtForgivenessRelatedParty`	$9.36K	USD	1 Quarter
Debt forgiveness - related party	`DebtForgivenessRelatedParty`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-73.25K	USD	Point-in-time
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.75K	USD	1 Quarter
Debt forgiveness - former related party	`DebtInstrumentDecreaseForgiveness`	$9.36K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-73.25K	USD	Point-in-time

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