NETBRANDS CORP.: 10-Q filed 2023-11-20

Name: NETBRANDS CORP.: 10-Q filed 2023-11-20
Creator: NETBRANDS CORP.

What NETBRANDS CORP. reported in its quarterly report filed 2023-11-20 (fiscal Q3 2023): 36 published measures, 106 facts as tagged in accession 0001493152-23-042089.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-11-20
Fiscal period: fiscal Q3 2023
Accession: 0001493152-23-042089 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All NETBRANDS CORP. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2023-09-30	657,776	USD
At 2022-12-31	980,434	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2023-09-30	2,344,796	USD
At 2022-12-31	1,691,386	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2023-09-30	-1,687,020	USD
At 2023-06-30	-1,325,280	USD
At 2023-03-31	-1,002,973	USD
At 2022-12-31	-710,953	USD
At 2022-09-30	-499,550	USD
At 2022-06-30	-218,772	USD
At 2022-03-31	-50,930	USD
At 2021-12-31	148,349	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-12-31	54,185	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-422,740	USD	92
2023-01-01 to 2023-09-30	-1,140,566	USD	273
2023-04-01 to 2023-06-30	-425,807	USD	91
2023-01-01 to 2023-03-31	-292,020	USD	90
2022-07-01 to 2022-09-30	-367,904	USD	92
2022-01-01 to 2022-09-30	-860,159	USD	273
2022-04-01 to 2022-06-30	-288,462	USD	91
2022-01-01 to 2022-03-31	-203,794	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-384,447	USD	273
2022-01-01 to 2022-09-30	-197,805	USD	273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	71,938	USD	92
2023-01-01 to 2023-09-30	584,004	USD	273
2022-07-01 to 2022-09-30	394,924	USD	92
2022-01-01 to 2022-09-30	1,288,532	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	330,262	USD	273
2022-01-01 to 2022-09-30	112,911	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	-50,000	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2023-09-30	-29,770,887	USD
At 2022-12-31	-28,630,321	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	16,137,930	shares	92
2023-01-01 to 2023-09-30	15,929,071	shares	273
2022-07-01 to 2022-09-30	15,305,702	shares	92
2022-01-01 to 2022-09-30	15,053,889	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	16,137,930	shares	92
2023-01-01 to 2023-09-30	15,929,071	shares	273
2022-07-01 to 2022-09-30	15,305,702	shares	92
2022-01-01 to 2022-09-30	15,053,889	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-0.03	USD/shares	92
2023-01-01 to 2023-09-30	-0.07	USD/shares	273
2022-07-01 to 2022-09-30	-0.02	USD/shares	92
2022-01-01 to 2022-09-30	-0.06	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-0.03	USD/shares	92
2023-01-01 to 2023-09-30	-0.07	USD/shares	273
2022-07-01 to 2022-09-30	-0.02	USD/shares	92
2022-01-01 to 2022-09-30	-0.06	USD/shares	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-12-31	277	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	164,500	USD	273
2022-01-01 to 2022-09-30	212,260	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-118,369	USD	92
2023-01-01 to 2023-09-30	-732,579	USD	273
2022-07-01 to 2022-09-30	-365,246	USD	92
2022-01-01 to 2022-09-30	-850,891	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2023-09-30	159,233	USD
At 2022-12-31	408,111	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	304,372	USD	92
2023-01-01 to 2023-09-30	407,987	USD	273
2022-07-01 to 2022-09-30	2,657	USD	92
2022-01-01 to 2022-09-30	9,268	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2023-09-30	1,452,238	USD
At 2022-12-31	709,135	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2023-09-30	3,540	USD
At 2022-12-31	63,904	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	151,697	USD	92
2023-01-01 to 2023-09-30	933,818	USD	273
2022-07-01 to 2022-09-30	414,763	USD	92
2022-01-01 to 2022-09-30	1,158,399	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2023-09-30	103,194	USD
At 2022-12-31	237,523	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	33,328	USD	92
2023-01-01 to 2023-09-30	201,239	USD	273
2022-07-01 to 2022-09-30	49,517	USD	92
2022-01-01 to 2022-09-30	307,508	USD	273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	38,610	USD	92
2023-01-01 to 2023-09-30	382,765	USD	273
2022-07-01 to 2022-09-30	345,407	USD	92
2022-01-01 to 2022-09-30	981,024	USD	273

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	36,709	USD	92
2023-01-01 to 2023-09-30	198,688	USD	273
2022-07-01 to 2022-09-30	46,581	USD	92
2022-01-01 to 2022-09-30	253,301	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2023-09-30	16,610,756	shares
At 2022-12-31	15,635,756	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2023-09-30	28,080,311	USD
At 2022-12-31	27,915,909	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2023-09-30	1,895	USD
At 2022-12-31	1,895	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2023-09-30	496,943	USD
At 2022-12-31	570,446	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-422,740	USD	92
2023-01-01 to 2023-09-30	-1,140,566	USD	273
2022-07-01 to 2022-09-30	-367,903	USD	92
2022-01-01 to 2022-09-30	-860,159	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	277	USD	273
2022-01-01 to 2022-09-30	2,761	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-304,372	USD	92
2023-01-01 to 2023-09-30	-407,987	USD	273
2022-07-01 to 2022-09-30	-2,657	USD	92
2022-01-01 to 2022-09-30	-9,268	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	9,268	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-60,364	USD	273
2022-01-01 to 2022-09-30	-84,019	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-128,141	USD	273
2022-01-01 to 2022-09-30	-354,815	USD	273

Inspect the source

Entity: NETBRANDS CORP. / CIK 0001725911
Captured: 2026-09-21T17:27:34.035Z
SEC response SHA-256: 83f9ef438ffba5de81e206b22d1763dd83bc47d75d396d4c50988ca7b23bd6e4

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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with urlopen("https://canlicapital.com/company-data/0001725911.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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