XML 62 R51.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Restatement of Previously Issued Financial Statements (Details - Restatement adjustments) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenue $ 1,411,124   $ 0   $ 2,030,039 $ 0
Cost of goods sold 1,022,684   0   1,437,432 0
Gross profit 388,440   0   592,607 0
Operating expenses:            
Research and development 10,282   0   27,078 0
General and administrative 1,349,587   434,917   2,353,761 1,612,439
Depreciation and amortization 171   381   342 763
Total operating expenses 1,960,144   435,298   3,250,664 1,613,202
Loss from operations (1,571,704)   (435,298)   (2,658,057) (1,613,202)
Other income:            
Total other income (40,534)   (0)   (60,183) (0)
Net loss $ (1,612,238) $ (1,106,002) $ (435,298) $ (1,177,904) $ (2,718,240) $ (1,613,202)
Earnings per share $ (0.16)   $ (0.13)   $ (0.34) $ (0.47)
Earnings per share $ (0.16)   $ (0.13)   $ (0.34) $ (0.47)
Weighted average common shares outstanding 10,040,741   3,384,837   8,053,299 3,398,470
Weighted average common shares outstanding 10,040,741   3,384,837   8,053,299 3,398,470
Beginning balance, value $ 21,222,816 1,414,919 $ 2,620,477 3,198,381 $ 1,414,919 $ 3,198,381
Issuance of common shares       600,000    
Conversion to preferred shares      
Ending balance, value 19,971,821 21,222,816 2,185,179 2,620,477 19,971,821 2,185,179
Cash flows from operating activities:            
Depreciation         342 762
Stock compensation expense         361,243
Change in assets and liabilities:            
Accounts receivable         (6,798) (0)
Other current assets         129,089 (22,500)
Accounts payable and accrued expenses         384,556 (32,922)
Net cash used in operating activities         (2,181,840) (1,022,861)
Cash flows from investing activities            
Net cash used in investing activities         (852,801) 0
Cash flows from financing activities:            
Net cash provided by financing activities         4,362,313 (223,579)
Net increase (decrease) in cash         1,327,672 (1,246,440)
Cash, beginning of period   894,773   3,099,422 894,773 3,099,422
Cash, end of period 2,222,445   1,852,982   $ 2,222,445 $ 1,852,982
Common Stock [Member]            
Other income:            
Net loss    
Beginning balance, shares 9,333,341 3,217,255 3,467,255 3,392,250 3,217,255 3,392,250
Beginning balance, value $ 93,334 $ 32,173 $ 34,673 $ 33,923 $ 32,173 $ 33,923
Issuance of common shares, shares       75,005    
Issuance of common shares       $ 750    
Conversion to preferred shares, shares 100,000 600,000 (250,000)      
Conversion to preferred shares $ 1,000 $ 6,000 $ (2,500)      
Ending balance, shares 10,411,240 9,333,341 3,217,255 3,467,255 10,411,240 3,217,255
Ending balance, value $ 104,113 $ 93,334 $ 32,173 $ 34,673 $ 104,113 $ 32,173
Additional Paid-in Capital [Member]            
Other income:            
Net loss    
Beginning balance, value 26,168,529 5,315,790 5,313,291 4,714,041 5,315,790 4,714,041
Issuance of common shares       599,250    
Conversion to preferred shares (1,000) (5,999) 2,499      
Ending balance, value 26,518,993 26,168,529 5,315,790 5,313,291 26,518,993 5,315,790
Retained Earnings [Member]            
Other income:            
Net loss (1,612,238) (1,106,002) (435,298) (1,177,904)    
Beginning balance, value (5,039,048) (3,933,046) (2,727,488) (1,549,584) (3,933,046) (1,549,584)
Issuance of common shares          
Conversion to preferred shares      
Ending balance, value $ (6,651,286) $ (5,039,048) (3,162,786) (2,727,488) $ (6,651,286) (3,162,786)
Previously Reported [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenue           0
Cost of goods sold           0
Gross profit           0
Operating expenses:            
Research and development           0
General and administrative           1,023,433
Depreciation and amortization           762
Total operating expenses           1,024,195
Loss from operations           (1,024,195)
Other income:            
Interest income           0
Total other income           0
Net loss before income tax           (1,024,195)
Income tax benefit (expense)           0
Net loss           $ (1,024,195)
Earnings per share           $ (0.30)
Earnings per share           $ (0.30)
Weighted average common shares outstanding           3,398,470
Weighted average common shares outstanding           3,398,470
Beginning balance, value       3,209,374   $ 3,209,374
Ending balance, value     2,185,929     2,185,929
Cash flows from operating activities:            
Depreciation           763
Stock compensation expense           0
Change in assets and liabilities:            
Accounts receivable           0
Deferred offering costs           (223,579)
Other current assets           22,500
Accounts payable and accrued expenses           (21,929)
Net cash used in operating activities           (1,246,440)
Cash flows from investing activities            
Purchases of property and equipment           0
Net cash used in investing activities           0
Cash flows from financing activities:            
Deferred offering costs           0
Net cash provided by financing activities           0
Net increase (decrease) in cash           (1,246,440)
Cash, beginning of period       $ 3,099,422   3,099,422
Cash, end of period     $ 1,852,982     1,852,982
Supplemental disclosures of cash flow information:            
Cash paid for interest           0
Cash paid for income tax           $ 0
Previously Reported [Member] | Series B Preferred Stock [Member]            
Other income:            
Beginning balance, shares       140   140
Beginning balance, value       $ 1   $ 1
Conversion to preferred shares, shares           50
Conversion to preferred shares           $ 1
Ending balance, shares     190     190
Ending balance, value     $ 2     $ 2
Previously Reported [Member] | Common Stock [Member]            
Other income:            
Beginning balance, shares       3,392,250   3,392,250
Beginning balance, value       $ 33,923   $ 33,923
Issuance of common shares, shares           75,005
Issuance of common shares           $ 750
Conversion to preferred shares, shares           (250,000)
Conversion to preferred shares           $ (2,500)
Ending balance, shares     3,217,255     3,217,255
Ending balance, value     $ 32,173     $ 32,173
Previously Reported [Member] | Additional Paid-in Capital [Member]            
Other income:            
Beginning balance, value       4,714,041   4,714,041
Issuance of common shares           (750)
Conversion to preferred shares           2,499
Ending balance, value     4,716,540     4,716,540
Previously Reported [Member] | Stocks To Be Issued [Member]            
Other income:            
Beginning balance, value       0   0
Ending balance, value     0     0
Previously Reported [Member] | Retained Earnings [Member]            
Other income:            
Net loss           (1,024,195)
Beginning balance, value       (1,538,591)   (1,538,591)
Ending balance, value     (2,562,786)     (2,562,786)
Revision of Prior Period, Adjustment [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenue           0
Cost of goods sold           0
Gross profit           0
Operating expenses:            
Research and development           0
General and administrative           589,007
Depreciation and amortization           0
Total operating expenses           589,007
Loss from operations           (589,007)
Other income:            
Interest income           0
Total other income           0
Net loss before income tax           (589,007)
Income tax benefit (expense)           0
Net loss           $ (589,007)
Earnings per share           $ (0.17)
Earnings per share           $ (0.17)
Weighted average common shares outstanding           0
Weighted average common shares outstanding           0
Beginning balance, value       (10,993)   $ (10,993)
Issuance of common shares           600,000
Ending balance, value     0     0
Cash flows from operating activities:            
Depreciation           0
Stock compensation expense           600,000
Change in assets and liabilities:            
Accounts receivable           0
Deferred offering costs           223,579
Other current assets           0
Accounts payable and accrued expenses           (10,993)
Net cash used in operating activities           223,579
Cash flows from investing activities            
Purchases of property and equipment           0
Net cash used in investing activities           0
Cash flows from financing activities:            
Deferred offering costs           (223,579)
Net cash provided by financing activities           (223,579)
Net increase (decrease) in cash           0
Cash, beginning of period       $ 0   0
Cash, end of period     $ 0     0
Supplemental disclosures of cash flow information:            
Cash paid for interest           0
Cash paid for income tax           $ 0
Revision of Prior Period, Adjustment [Member] | Series B Preferred Stock [Member]            
Other income:            
Beginning balance, shares       0   0
Beginning balance, value       $ 0   $ 0
Ending balance, shares     0     0
Ending balance, value     $ 0     $ 0
Revision of Prior Period, Adjustment [Member] | Common Stock [Member]            
Other income:            
Beginning balance, shares       0   0
Beginning balance, value       $ 0   $ 0
Ending balance, shares     0     0
Ending balance, value     $ 0     $ 0
Revision of Prior Period, Adjustment [Member] | Additional Paid-in Capital [Member]            
Other income:            
Beginning balance, value       0   0
Issuance of common shares           600,000
Ending balance, value     600,000     600,000
Revision of Prior Period, Adjustment [Member] | Stocks To Be Issued [Member]            
Other income:            
Beginning balance, value       0   0
Ending balance, value     0     0
Revision of Prior Period, Adjustment [Member] | Retained Earnings [Member]            
Other income:            
Net loss           (589,007)
Beginning balance, value       (10,993)   (10,993)
Ending balance, value     (600,000)     (600,000)
As Restated [Member]            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]            
Revenue           0
Cost of goods sold           0
Gross profit           0
Operating expenses:            
Research and development           0
General and administrative           1,612,440
Depreciation and amortization           762
Total operating expenses           1,613,202
Loss from operations           (1,613,202)
Other income:            
Interest income           0
Total other income           0
Net loss before income tax           (1,613,202)
Income tax benefit (expense)           0
Net loss           $ (1,613,202)
Earnings per share           $ (0.47)
Earnings per share           $ (0.47)
Weighted average common shares outstanding           3,398,470
Weighted average common shares outstanding           3,398,470
Beginning balance, value       3,198,381   $ 3,198,381
Issuance of common shares           600,000
Ending balance, value     2,185,179     2,185,179
Cash flows from operating activities:            
Depreciation           763
Stock compensation expense           600,000
Change in assets and liabilities:            
Accounts receivable           0
Deferred offering costs           0
Other current assets           22,500
Accounts payable and accrued expenses           (32,922)
Net cash used in operating activities           (1,022,861)
Cash flows from investing activities            
Purchases of property and equipment           0
Net cash used in investing activities           0
Cash flows from financing activities:            
Deferred offering costs           (223,579)
Net cash provided by financing activities           (223,579)
Net increase (decrease) in cash           (1,246,440)
Cash, beginning of period       $ 3,099,422   3,099,422
Cash, end of period     $ 1,852,982     1,852,982
Supplemental disclosures of cash flow information:            
Cash paid for interest           0
Cash paid for income tax           $ 0
As Restated [Member] | Series B Preferred Stock [Member]            
Other income:            
Beginning balance, shares       140   140
Beginning balance, value       $ 1   $ 1
Conversion to preferred shares, shares           50
Conversion to preferred shares           $ 1
Ending balance, shares     190     190
Ending balance, value     $ 2     $ 2
As Restated [Member] | Common Stock [Member]            
Other income:            
Beginning balance, shares       3,392,250   3,392,250
Beginning balance, value       $ 33,923   $ 33,923
Issuance of common shares, shares           75,005
Issuance of common shares           $ 750
Conversion to preferred shares, shares           (250,000)
Conversion to preferred shares           $ (2,500)
Ending balance, shares     3,217,255     3,217,255
Ending balance, value     $ 32,173     $ 32,173
As Restated [Member] | Additional Paid-in Capital [Member]            
Other income:            
Beginning balance, value       4,714,041   4,714,041
Issuance of common shares           599,250
Conversion to preferred shares           2,499
Ending balance, value     5,315,790     5,315,790
As Restated [Member] | Stocks To Be Issued [Member]            
Other income:            
Beginning balance, value       0   0
Ending balance, value     0     0
As Restated [Member] | Retained Earnings [Member]            
Other income:            
Net loss           (1,613,202)
Beginning balance, value       $ (1,549,584)   (1,549,584)
Ending balance, value     $ (3,162,786)     $ (3,162,786)