10-K Filing

CitroTech Inc. CIK: 894556 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001640334-23-000526`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	gevi_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 58 Cash Flow Statement 74 Stockholders Equity 14

Balance Sheet 55 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
Common stock, shares issued	`CommonStockSharesIssued`	150.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.95M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	300.00B	shares	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$5.47K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.95M	shares	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$55.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	150.00B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	93.95M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$114.64K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$170.08K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.47K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$4.20M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	-	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$39.37K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$240.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$291.44K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$4.55K	USD	Point-in-time
Digital currency	`DigitalCurrency`	$33.32K	USD	Point-in-time
Digital currency	`DigitalCurrency`	-	USD	Point-in-time
Digital currency	`DigitalCurrency`	$26.82K	USD	Point-in-time
Total Assets	`Assets`	$81.00	USD	Point-in-time
Total Assets	`Assets`	$330.23K	USD	Point-in-time
Total Assets	`Assets`	$4.41M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$87.40K	USD	Point-in-time
Convertible note	`ConvertibleNotesPayable`	$35.00K	USD	Point-in-time
Convertible note	`ConvertibleNotesPayable`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$372.35K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$899.15K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrentAndNoncurrent`	$9.36K	USD	Point-in-time
Operating lease liability - current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability - current portion	`OperatingLeaseLiabilityNoncurrent`	$39.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$383.09K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.06M	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,93,945,388 and 22,945,388 shares issued and outstanding, respectively	`CommonStockValue`	$22.95K	USD	Point-in-time
Common Stock par value $0.001, authorized 1,000,000,000 shares,93,945,388 and 22,945,388 shares issued and outstanding, respectively	`CommonStockValue`	$93.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$62.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$56.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-56.47M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$3.35M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$330.23K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$4.41M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$62.73K	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Cryptocurrency mining revenue	`CryptocurrencyMiningRevenue`	-	USD	Annual
Cryptocurrency mining revenue	`CryptocurrencyMiningRevenue`	$-38.92K	USD	Annual
Cost of revenue	`CostOfRevenue`	$18.61K	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.89K	USD	Annual
Gross Profit	`GrossProfit`	$20.31K	USD	Annual
Gross Profit	`GrossProfit`	$60.84K	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$3.67K	USD	Annual
General and administration	`GeneralAndAdministrativeExpense`	$377.72K	USD	Annual
Depreciation	`Depreciation`	$803.00	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Management compensation	`ManagementFeeExpense`	$15.00K	USD	Annual
Management compensation	`ManagementFeeExpense`	$2.10M	USD	Annual
Professional fees	`ProfessionalFees`	$39.54K	USD	Annual
Professional fees	`ProfessionalFees`	$500.88K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.98M	USD	Annual
Total operating expenses	`OperatingExpenses`	$58.21K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-37.91K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-2.92M	USD	Annual
Interest expense	`InterestExpense`	$255.00	USD	Annual
Interest expense	`InterestExpense`	$1.47K	USD	Annual
Impairment loss on digital currency	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$5.59K	USD	Annual
Impairment loss on digital currency	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-255.00	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-7.06K	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.97K	USD	Annual
Loss from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.92M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-44.97K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.92M	USD	Annual
Income (loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-70.18K	USD	Annual
Income (loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$13.02K	USD	Annual
Gain on disposition of Strategic Asset Holdings, LLC	`NetIncomeLossAttributableToNoncontrollingInterest1`	$20.18K	USD	Annual
Gain on disposition of Strategic Asset Holdings, LLC	`NetIncomeLossAttributableToNoncontrollingInterest1`	-	USD	Annual
Loss on disposition of digital currency and digital currency assets	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.03K	USD	Annual
Loss on disposition of digital currency and digital currency assets	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Gain (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-50.00K	USD	Annual
Gain (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$10.99K	USD	Annual
Net Loss	`NetIncomeLoss`	$-94.97K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.91M	USD	Annual
Loss from continuing operations Per Common Share - Basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.05	USD	Annual
Loss from continuing operations Per Common Share - Basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Gain (loss) from discontinuing operations Per Common Share- Basic	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	-	USD	Annual
Gain (loss) from discontinuing operations Per Common Share- Basic	`DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss`	-	USD	Annual
Net loss per common share - Basic	`EarningsPerShareBasic`	-	USD	Annual
Net loss per common share - Basic	`EarningsPerShareBasic`	$-0.05	USD	Annual
Loss from continuing operations Per Common Share - Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	Annual
Loss from continuing operations Per Common Share - Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.04	USD	Annual
Gain (loss) from discontinuing operations Per Common Share- Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Gain (loss) from discontinuing operations Per Common Share- Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Net loss per common share - Diluted	`EarningsPerShareDiluted`	-	USD	Annual
Net loss per common share - Diluted	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Basic Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	22.95M	shares	Annual
Basic Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	62.25M	shares	Annual
Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.95M	shares	Annual
Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.27M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$2.91M	USD	Annual
Net loss	`ProfitLoss`	$94.97K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.10M	USD	Annual
Loss on disposition of digital currency and digital currency assets	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax1`	-	USD	Annual
Loss on disposition of digital currency and digital currency assets	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax1`	$2.03K	USD	Annual
Impairment loss	`ImpairmentOfInvestments`	$52.98K	USD	Annual
Impairment loss	`ImpairmentOfInvestments`	-	USD	Annual
Impairment loss on digital assets	`GainLossOnSaleOfOtherAssets`	$-5.59K	USD	Annual
Impairment loss on digital assets	`GainLossOnSaleOfOtherAssets`	$-6.12K	USD	Annual
Non-cash lease expense	`OtherNoncashIncomeExpense`	$-44.65K	USD	Annual
Non-cash lease expense	`OtherNoncashIncomeExpense`	-	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$9.74K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$15.86K	USD	Annual
Gain on discontinue operation -Strategic Asset Holdings, LLC	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	Annual
Gain on discontinue operation -Strategic Asset Holdings, LLC	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-20.18K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$114.64K	USD	Annual
Digital currency	`IncreaseDecreaseInDigitalCurrency`	$374.00	USD	Annual
Digital currency	`IncreaseDecreaseInDigitalCurrency`	$-38.92K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$240.00	USD	Annual
Related party advances funding operating expense	`IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense`	$51.72K	USD	Annual
Related party advances funding operating expense	`IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense`	$108.57K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToOtherRelatedParties`	-	USD	Annual
Due to related party	`IncreaseDecreaseInDueToOtherRelatedParties`	$-5.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.84K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$76.66K	USD	Annual
Fixed cash payments related to operating leases	`OperatingLeasePayments`	$40.00K	USD	Annual
Fixed cash payments related to operating leases	`OperatingLeasePayments`	-	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-708.45K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.21K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.35K	USD	Annual
Share capital - Mighty Fire Breaker UK Limited	`ShareCapitalMightyFireBreakerUkLimited`	-	USD	Annual
Share capital - Mighty Fire Breaker UK Limited	`ShareCapitalMightyFireBreakerUkLimited`	$-1.00	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`	-	USD	Annual
Acquisition digital currency equipment	`AcquisitionDigitalCurrencyEquipment`	$301.18K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-287.10K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.35K	USD	Annual
Proceed from convertible note	`ProceedsFromHedgeFinancingActivities`	-	USD	Annual
Proceed from convertible note	`ProceedsFromHedgeFinancingActivities`	$35.00K	USD	Annual
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$311.27K	USD	Annual
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$784.48K	USD	Annual
Repayment of loan- related party	`RepaymentsOfRelatedPartyDebt`	$55.72K	USD	Annual
Proceeds from loan	`ProceedsFromLoanOriginations1`	-	USD	Annual
Proceeds from loan	`ProceedsFromLoanOriginations1`	$5.50K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$316.77K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$763.76K	USD	Annual
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.47K	USD	Annual
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$49.97K	USD	Annual
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.47K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.43K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.47K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.43K	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 common stock for services	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	70,000.00	shares	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	0.00	shares	Annual
Issuance of Preferred C Stock for acquisition of Mighty Fire Breakers	`StockIssuedDuringPeriodSharesNewIssues`	4.20M	shares	Annual
Issuance of Preferred C Stock for acquisition of Mighty Fire Breakers	`StockIssuedDuringPeriodSharesNewIssues`	0.00	shares	Annual
Common stock issued upon conversion of Preferred C stock	`ConversionOfStockSharesIssued1`	1,000.00	shares	Annual
Common stock issued upon conversion of Preferred C stock	`ConversionOfStockSharesIssued1`	50,000.00	shares	Point-in-time
Common stock issued upon conversion of Preferred C stock	`ConversionOfStockSharesIssued1`	0.00	shares	Annual
Debt forgiveness - related party	`AdjustmentsToAdditionalPaidInCapitalOther`	$51.47K	USD	Annual
Debt forgiveness - related party	`AdjustmentsToAdditionalPaidInCapitalOther`	$9.36K	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

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$3.35M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Debt forgiveness - related party	`DebtForgivenessRelatedParty`	$51.47K	USD	Annual
Net loss	`NetIncomeLoss`	$-94.97K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.91M	USD	Annual
Debt forgiveness - former related party	`DebtForgivenessFormerRelatedParty`	$9.36K	USD	Annual
Shares issued for acquisition of Mighty Fire Breakers, amount	`SharesIssuedForAcquisitionOfMightyFireBreakersAmount`	$4.20M	USD	Annual
Conversion of Convertible Series C Preferred stock of Common stock, amount	`ConversionOfConvertibleSeriesCPreferredStockOfCommonStockAmount`	-	USD	Annual
Stock based compensation, amount	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation, amount	`ShareBasedCompensation`	$2.10M	USD	Annual
Balance, amount	`StockholdersEquity`	$3.35M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-9.36K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time

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