10-Q/A Filing

ILUSTRATO PICTURES INTERNATIONAL INC. CIK: 1496383 Q2 2023

Filing Information

Form Type	10-Q/A
Accession Number	`0001663577-23-000466`
Period End Date	20230630
Filing Date	20230913
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	ilus10qa_063023_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 46 Cash Flow Statement 48 Stockholders Equity 37

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	1.44B	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	1.36B	shares	Point-in-time
Accounts Receivables	`AccountsReceivableNetCurrent`	$60.69M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	235.74M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	235.74M	shares	Point-in-time
Accounts Receivables	`AccountsReceivableNetCurrent`	$83.12M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$1.88M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$2.45M	USD	Point-in-time
Inventory (work-in-progress)	`InventoryWorkInProcess`	$40.62M	USD	Point-in-time
Inventory (work-in-progress)	`InventoryWorkInProcess`	$58.08M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$17.06M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$16.02M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$144.09M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$139.19M	USD	Point-in-time
Long term Investments	`LongTermInvestments`	$18.37M	USD	Point-in-time
Long term Investments	`LongTermInvestments`	$18.61M	USD	Point-in-time
Right of use of asset	`FinanceLeaseRightOfUseAsset`	$11.91M	USD	Point-in-time
Right of use of asset	`FinanceLeaseRightOfUseAsset`	$11.91M	USD	Point-in-time
Goodwill	`GoodwillGross`	$60.31M	USD	Point-in-time
Goodwill	`GoodwillGross`	$60.95M	USD	Point-in-time
Tangible Assets	`PropertyPlantAndEquipmentNet`	$21.02M	USD	Point-in-time
Tangible Assets	`PropertyPlantAndEquipmentNet`	$20.40M	USD	Point-in-time
Intangible Assets	`IntangibleAssetsGrossExcludingGoodwill`	$623.59K	USD	Point-in-time
Intangible Assets	`IntangibleAssetsGrossExcludingGoodwill`	$6.35K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$112.23M	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$111.87M	USD	Point-in-time
Total Assets	`Assets`	$255.96M	USD	Point-in-time
Total Assets	`Assets`	$251.42M	USD	Point-in-time
Account Payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.14M	USD	Point-in-time
Account Payable	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.47M	USD	Point-in-time
Current lease liability	`OperatingLeaseLiabilityCurrent`	$836.38K	USD	Point-in-time
Current lease liability	`OperatingLeaseLiabilityCurrent`	$835.94K	USD	Point-in-time
Other Current liabilities	`OtherLiabilitiesCurrent`	$102.06M	USD	Point-in-time
Other Current liabilities	`OtherLiabilitiesCurrent`	$102.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$155.64M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$155.04M	USD	Point-in-time
Notes Payable	`ConvertibleLongTermNotesPayable`	$10.55M	USD	Point-in-time
Notes Payable	`ConvertibleLongTermNotesPayable`	$11.89M	USD	Point-in-time
Non-current lease liability	`OperatingLeaseLiabilityNoncurrent`	$13.70M	USD	Point-in-time
Non-current lease liability	`OperatingLeaseLiabilityNoncurrent`	$13.58M	USD	Point-in-time
Other non-current liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$16.02M	USD	Point-in-time
Other non-current liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$14.62M	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$40.09M	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$40.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$195.74M	USD	Point-in-time
Total Liabilities	`Liabilities`	$195.30M	USD	Point-in-time
Common Stock: 2,000,000,000 shares authorized, $0.001 par value, 1,444,380,699 and 1,355,230,699 issued and outstanding	`CommonStockValue`	$1.44M	USD	Point-in-time
Common Stock: 2,000,000,000 shares authorized, $0.001 par value, 1,444,380,699 and 1,355,230,699 issued and outstanding	`CommonStockValue`	$1.36M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$21.67M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$20.63M	USD	Point-in-time
Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.67K	USD	Point-in-time
Other Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.07K	USD	Point-in-time
Non-Controlling Interest	`MinorityInterest`	$24.39M	USD	Point-in-time
Non-Controlling Interest	`MinorityInterest`	$29.67M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$5.13M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$6.37M	USD	Point-in-time
Net Income	`AccumulatedDistributionsInExcessOfNetIncome`	$4.56M	USD	Point-in-time
Net Income	`AccumulatedDistributionsInExcessOfNetIncome`	$980.22K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$60.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.12M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$251.42M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$255.96M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Total Net Revenue	`Revenues`	$43.36M	USD	2 Qtrs
Total Net Revenue	`Revenues`	$23.55M	USD	1 Quarter
Total Net Revenue	`Revenues`	$22.69M	USD	2 Qtrs
Total Net Revenue	`Revenues`	$19.68M	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$28.92M	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$15.04M	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$14.97M	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$13.82M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$8.51M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$5.86M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$14.44M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$7.72M	USD	2 Qtrs
General, Selling & Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$4.73M	USD	1 Quarter
General, Selling & Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$5.37M	USD	2 Qtrs
General, Selling & Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$8.50M	USD	2 Qtrs
General, Selling & Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$4.45M	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$8.22M	USD	2 Qtrs
Total Operating Expense	`OperatingExpenses`	$4.45M	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$4.73M	USD	1 Quarter
Total Operating Expense	`OperatingExpenses`	$5.37M	USD	2 Qtrs
PROFIT/ LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$5.93M	USD	2 Qtrs
PROFIT/ LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$2.34M	USD	2 Qtrs
PROFIT/ LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$1.41M	USD	1 Quarter
PROFIT/ LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$3.77M	USD	1 Quarter
Non- Operating Expenses	`OtherNonoperatingExpense`	$912.47K	USD	2 Qtrs
Non- Operating Expenses	`OtherNonoperatingExpense`	$4.04M	USD	2 Qtrs
Non- Operating Expenses	`OtherNonoperatingExpense`	$2.80M	USD	1 Quarter
Non- Operating Expenses	`OtherNonoperatingExpense`	$616.05K	USD	1 Quarter
Non-Operating Income	`OtherNonoperatingIncome`	$337.07K	USD	2 Qtrs
Non-Operating Income	`OtherNonoperatingIncome`	$1.16K	USD	1 Quarter
Non-Operating Income	`OtherNonoperatingIncome`	$4.70K	USD	2 Qtrs
Non-Operating Income	`OtherNonoperatingIncome`	$337.07K	USD	1 Quarter
NET PROFIT/ LOSS	`NetIncomeLoss`	$1.13M	USD	1 Quarter
NET PROFIT/ LOSS	`NetIncomeLoss`	$1.89M	USD	2 Qtrs
NET PROFIT/ LOSS	`NetIncomeLoss`	$980.22K	USD	1 Quarter
NET PROFIT/ LOSS	`NetIncomeLoss`	$914.66K	USD	1 Quarter
NET PROFIT/ LOSS	`NetIncomeLoss`	$636.64K	USD	1 Quarter
NET PROFIT/ LOSS	`NetIncomeLoss`	$1.77M	USD	2 Qtrs
BASIC EARNING PER SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	2 Qtrs
BASIC EARNING PER SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	2 Qtrs
BASIC EARNING PER SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
BASIC EARNING PER SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	1.27B	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	1.44B	shares	2 Qtrs
WEIGHTED AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	1.44B	shares	1 Quarter
WEIGHTED AVERAGE SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	1.27B	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Loss/ Profit	`NetIncomeLoss`	$1.13M	USD	1 Quarter
Net Loss/ Profit	`NetIncomeLoss`	$1.89M	USD	2 Qtrs
Net Loss/ Profit	`NetIncomeLoss`	$980.22K	USD	1 Quarter
Net Loss/ Profit	`NetIncomeLoss`	$914.66K	USD	1 Quarter
Net Loss/ Profit	`NetIncomeLoss`	$636.64K	USD	1 Quarter
Net Loss/ Profit	`NetIncomeLoss`	$1.77M	USD	2 Qtrs
Non- Cash non- operating Expenses	`OtherNoncashExpense`	$2.25M	USD	2 Qtrs
Non- Cash non- operating Expenses	`OtherNoncashExpense`	$156.40K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$1.33M	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$576.97K	USD	2 Qtrs
Finance cost	`DebtInstrumentPeriodicPaymentInterest`	$618.57K	USD	2 Qtrs
Finance cost	`DebtInstrumentPeriodicPaymentInterest`	$2.39M	USD	2 Qtrs
Discount on convertible Notes	`PreferredStockRedemptionDiscount`	$135.94K	USD	2 Qtrs
Discount on convertible Notes	`PreferredStockRedemptionDiscount`	$137.50K	USD	2 Qtrs
Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-21.56M	USD	2 Qtrs
Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-4.01M	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$606.76K	USD	2 Qtrs
Other Current Liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$15.82M	USD	2 Qtrs
Net cash (used In) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.98M	USD	2 Qtrs
Net cash (used In) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.49M	USD	2 Qtrs
Addition/ Disposal of Fixed Assets	`AssetsFairValueAdjustment`	$-707.21K	USD	2 Qtrs
Addition/ Disposal of Fixed Assets	`AssetsFairValueAdjustment`	$638.49K	USD	2 Qtrs
Changes in Non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.72M	USD	2 Qtrs
Changes in Non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-238.12K	USD	2 Qtrs
Changes in Non- Current Liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.51M	USD	2 Qtrs
Changes in Non- Current Liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$711.29K	USD	2 Qtrs
Net cash (used In) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.37M	USD	2 Qtrs
Net cash (used In) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.45M	USD	2 Qtrs
Funds raised through notes	`ProceedsFromIssuanceOfMediumTermNotes`	$5.00M	USD	2 Qtrs
Funds raised through notes	`ProceedsFromIssuanceOfMediumTermNotes`	$2.82M	USD	2 Qtrs
Finance cost	`FinanceCosts`	$-408.77K	USD	2 Qtrs
Finance cost	`FinanceCosts`	$-2.34M	USD	2 Qtrs
Discount on convertible Notes	`PreferredStockRedemptionDiscount`	$135.94K	USD	2 Qtrs
Discount on convertible Notes	`PreferredStockRedemptionDiscount`	$137.50K	USD	2 Qtrs
Note converted	`NoteConverted`	$-500.00K	USD	2 Qtrs
Note converted	`NoteConverted`	$-1.48M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.14M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.95M	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$389.80K	USD	2 Qtrs
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$97.28K	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$176.67K	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.48M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$273.94K	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.87M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$176.67K	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.48M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$273.94K	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.87M	USD	Point-in-time

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$56.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$57.25M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$18.07M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$18.90M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$60.22M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$20.19M	USD	Point-in-time
Shares issued	`StockIssuedDuringPeriodValueNewIssues`	$194.75K	USD	1 Quarter
Shares issued	`StockIssuedDuringPeriodValueNewIssues`	$548.50K	USD	1 Quarter
Shares issued	`StockIssuedDuringPeriodValueNewIssues`	$603.10K	USD	1 Quarter
Common stock cancelled	`StockCancelledDuringPeriod`	-	USD	1 Quarter
Preferred stock issued	`StockIssuedDuringPeriodValueOther`	$2.24K	USD	1 Quarter
Preferred stock issued	`StockIssuedDuringPeriodValueOther`	$100.00	USD	1 Quarter
Preferred stock cancelled	`PreferredStockCancelledDuringPeriod`	-	USD	1 Quarter
Changes in Retained earnings	`ChangesInRetainedEarnings`	$-1.64M	USD	1 Quarter
Current quarter income	`NetIncomeLoss`	$1.13M	USD	1 Quarter
Current quarter income	`NetIncomeLoss`	$1.89M	USD	2 Qtrs
Current quarter income	`NetIncomeLoss`	$980.22K	USD	1 Quarter
Current quarter income	`NetIncomeLoss`	$914.66K	USD	1 Quarter
Current quarter income	`NetIncomeLoss`	$636.64K	USD	1 Quarter
Current quarter income	`NetIncomeLoss`	$1.77M	USD	2 Qtrs
Preferred Stock Converted to Common Stock	`StockIssuedDuringPeriodValueConversionOfUnits`	$10.00K	USD	1 Quarter
Preferred Stock Converted to Common Stock	`StockIssuedDuringPeriodValueConversionOfUnits`	$-25.00K	USD	1 Quarter
Common stock converted into Preferred B	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-120.00K	USD	1 Quarter
Common stock converted into Preferred B	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-100.00	USD	1 Quarter
Changes in Retained Earnings	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-216.41K	USD	1 Quarter
Changes in Retained Earnings	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-12.43M	USD	1 Quarter
Share of profit transferred to Non-Controlling Interest	`NonControllingInbterest`	$1.59M	USD	1 Quarter
Convertible notes converted to common stock	`StockIssuedDuringPeriodForCoonversionOfNotes`	$-53.00K	USD	1 Quarter
Common stock converted into Preferred	`StockIssuedForCommonStockConvertedToPreferredValue`	$1.20K	USD	1 Quarter
Preferred Stock Converted to Common Stock	`PreferredStockConvertedIntoCommonStockValue`	$-243.00	USD	1 Quarter
Changes in Add Capital	`OtherComprehensiveIncomeLossNetOfTax`	$12.63M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$56.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$57.25M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$18.07M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$18.90M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$60.22M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$20.19M	USD	Point-in-time

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