10-Q Filing

CitroTech Inc. CIK: 894556 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001640334-23-000866`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	general_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 44 Cash Flow Statement 49 Stockholders Equity 12

Balance Sheet 53 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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.47K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.67K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.95M	shares	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.43K	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	150.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	300.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	94.25M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	150.00B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	93.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	94.25M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$240.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.54K	USD	Point-in-time
Inventory	`InventoryNet`	$114.64K	USD	Point-in-time
Inventory	`InventoryNet`	$102.27K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$170.32K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$172.34K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$4.20M	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$4.20M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$39.37K	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$24.77K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$4.55K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$4.28K	USD	Point-in-time
Total Assets	`Assets`	$4.40M	USD	Point-in-time
Total Assets	`Assets`	$4.41M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$121.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$87.40K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$35.00K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$35.00K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.13M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$899.15K	USD	Point-in-time
Operating lease liability - current portion	`OperatingLeaseLiabilityCurrent`	$24.77K	USD	Point-in-time
Operating lease liability - current portion	`OperatingLeaseLiabilityCurrent`	$39.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.31M	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`	$1.31M	USD	Point-in-time
Common Stock par value $0.001, authorized 1,000,000,000 shares, 94,245,388 and 93,945,388 shares issued and outstanding, respectively	`CommonStockValue`	$94.25K	USD	Point-in-time
Common Stock par value $0.001, authorized 1,000,000,000 shares, 94,245,388 and 93,945,388 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`	$62.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.38M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-73.25K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.40M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.41M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$55.59K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$13.85K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$41.74K	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$2.60K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$99.78K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$264.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.17K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$295.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.77K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$395.18K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-353.44K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-42.77K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$175.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-175.00	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-42.77K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-353.61K	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$13.02K	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$13.02K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-29.75K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-353.61K	USD	1 Quarter
Loss from continuing operations Per Common Share - Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Loss from continuing operations Per Common Share - Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Income from discontinuing operations Per Common Share- Basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Income from discontinuing operations Per Common Share- Basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net loss per common share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Loss from continuing operations Per Common Share - Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Loss from continuing operations Per Common Share - Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Income from discontinuing operations Per Common Share- Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Income from discontinuing operations Per Common Share- Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net loss per common share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per common share - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	22.95M	shares	1 Quarter
Basic Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	94.17M	shares	1 Quarter
Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.17M	shares	1 Quarter
Diluted Weighted Average Number of Common Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.95M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-353.61K	USD	1 Quarter
Net loss	`ProfitLoss`	$-29.75K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$86.85K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.10M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Impairment loss on digital assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$6.12K	USD	1 Quarter
Impairment loss on digital assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	-	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$15.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$264.00	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.06K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$12.38K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Digital currency	`IncreaseDecreaseInDigitalCurrency`	$374.00	USD	1 Quarter
Digital currency	`IncreaseDecreaseInDigitalCurrency`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-6.30K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Related party advances funding operating expense	`IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense`	$40.17K	USD	1 Quarter
Related party advances funding operating expense	`IncreaseDecreaseInRelatedPartyAdvancesFundingOperatingExpense`	$49.05K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$34.46K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.54K	USD	1 Quarter
Fixed cash payments related to operating leases	`OperatingLeasePayments`	$15.00K	USD	1 Quarter
Fixed cash payments related to operating leases	`OperatingLeasePayments`	-	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$33.52K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-176.91K	USD	1 Quarter
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$185.00K	USD	1 Quarter
Proceeds from loan - related party	`ProceedsFromRelatedPartyDebt`	$55.00K	USD	1 Quarter
Repayment of loan- related party	`RepaymentsOfRelatedPartyDebt`	$47.32K	USD	1 Quarter
Repayment of loan- related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$185.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$7.68K	USD	1 Quarter
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.10K	USD	1 Quarter
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$41.20K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.47K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.67K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.43K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.53K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.47K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.67K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.43K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$63.53K	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
Issuance of common stock for services	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	86,850.00	shares	1 Quarter
Issuance of common stock for services	`StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures`	0.00	shares	1 Quarter
Debt forgiveness - related party	`DebtForgivenessRelatedParty`	$9.36K	USD	1 Quarter
Debt forgiveness - related party	`DebtForgivenessRelatedParty`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$3.08M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$3.35M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-73.25K	USD	Point-in-time
Debt forgiveness - former related party	`DebtInstrumentDecreaseForgiveness`	$9.36K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-353.61K	USD	1 Quarter
Common stock issued for services, amount	`CommonStockIssuedForServicesAmount`	$86.85K	USD	1 Quarter
Balance, amount	`StockholdersEquity`	$-52.86K	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$3.08M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$3.35M	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.