GIFTIFY, INC.: 10-K filed 2024-04-09

Name: GIFTIFY, INC.: 10-K filed 2024-04-09
Creator: GIFTIFY, INC.

What GIFTIFY, INC. reported in its annual report filed 2024-04-09 (fiscal FY 2023): 48 published measures, 109 facts as tagged in accession 0001493152-24-014101.

This filing

Form: 10-K (annual report)
Filed: 2024-04-09
Fiscal period: fiscal FY 2023
Accession: 0001493152-24-014101 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 GIFTIFY, INC. 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 2023-12-31	39,762,014	USD
At 2022-12-31	13,136,294	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-12-31	15,440,820	USD
At 2022-12-31	34,450,128	USD

Stockholders equity

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

Period	Value	Unit
At 2023-12-31	24,321,194	USD
At 2023-12-29	1,524,359	USD
At 2022-12-31	-25,398,187	USD
At 2021-12-31	-17,090,872	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 2023-12-31	4,099,737	USD
At 2022-12-31	2,040,680	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
2023-12-30 to 2023-12-31	-5,020,000	USD	2
2023-01-01 to 2023-12-29	-124,545	USD	363
2022-01-01 to 2022-12-31	-8,324,579	USD	365

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 2023-12-29	-541,791	USD	363
2022-01-01 to 2022-12-31	-102,411	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2023-12-30 to 2023-12-31	484,860	USD	2
2023-01-01 to 2023-12-29	86,661,944	USD	363
2022-01-01 to 2022-12-31	97,008,102	USD	365

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 2023-12-29	1,462,376	USD	363
2022-01-01 to 2022-12-31	409,331	USD	365

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
2023-12-30 to 2023-12-31	2,038,472	USD	2
2023-01-01 to 2023-12-29	-900,000	USD	363
2022-01-01 to 2022-12-31	-1,000,479	USD	365

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 2023-12-31	-69,462,507	USD
At 2022-12-31	-30,335,139	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
2023-12-30 to 2023-12-31	24,119,967	shares	2
2023-01-01 to 2023-12-29	15,927,387	shares	363
2022-01-01 to 2022-12-31	13,774,292	shares	365

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
2023-12-30 to 2023-12-31	24,119,967	shares	2
2023-01-01 to 2023-12-29	15,927,387	shares	363
2022-01-01 to 2022-12-31	13,774,292	shares	365

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
2023-12-30 to 2023-12-31	-0.21	USD/shares	2
2023-01-01 to 2023-12-29	-0.01	USD/shares	363
2022-01-01 to 2022-12-31	-0.57	USD/shares	365

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
2023-12-30 to 2023-12-31	-0.21	USD/shares	2
2023-01-01 to 2023-12-29	-0.01	USD/shares	363
2022-01-01 to 2022-12-31	-0.57	USD/shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2023-01-01 to 2023-12-29	29,673	USD	363
2022-01-01 to 2022-12-31	899	USD	365

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 2023-12-31	2,563,312	USD
At 2022-12-31	3,692,242	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 2023-12-31	141,304	USD	365

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
2023-12-30 to 2023-12-31	-5,020,000	USD	2
2023-01-01 to 2023-12-29	-3,080,406	USD	363
2022-01-01 to 2022-12-31	-5,600,348	USD	365

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 2023-12-31	10,110,294	USD
At 2022-12-31	8,577,355	USD

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 2023-12-31	11,979,721	USD
At 2022-12-31	34,383,438	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2023-12-31	2,218,285	USD
At 2022-12-31	1,213,963	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2023-12-31	20,007,669	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit
At 2023-12-31	6,700,000	USD
At 2023-12-29	6,700,000	USD
At 2022-12-31	550,000	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 2023-12-31	1,681,165	USD
At 2022-12-31	1,510,236	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
2023-12-30 to 2023-12-31	5,086,510	USD	2
2023-01-01 to 2023-12-29	13,521,705	USD	363
2022-01-01 to 2022-12-31	16,080,941	USD	365

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 2023-12-31	4,152,273	USD
At 2022-12-31	4,969,126	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
2023-12-30 to 2023-12-31	66,510	USD	2
2023-01-01 to 2023-12-29	10,441,299	USD	363
2022-01-01 to 2022-12-31	10,480,593	USD	365

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
2023-12-30 to 2023-12-31	418,350	USD	2
2023-01-01 to 2023-12-29	76,220,645	USD	363
2022-01-01 to 2022-12-31	86,527,509	USD	365

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
2023-12-30 to 2023-12-31	5,086,510	USD	2
2023-01-01 to 2023-12-29	11,152,428	USD	363
2022-01-01 to 2022-12-31	11,268,508	USD	365

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 2023-12-31	24,119,967	shares
At 2022-12-31	29,035,625	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 2023-12-31	93,376,244	USD
At 2022-12-31	4,934,052	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 2023-12-31	315,183	USD
At 2022-12-31	258,641	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2023-12-31	337,305	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2023-12-31	2,563,312	USD
At 2022-12-31	10,807,435	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-12-31	7,115,193	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2023-12-31	6,700,000	USD
At 2022-12-31	550,000	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2023-12-31	1,175,934	USD
At 2022-12-31	501,559	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2023-12-31	177,119	USD
At 2022-12-31	57,313	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2023-12-31	336,996	USD
At 2022-12-31	212,827	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit
At 2023-12-31	85,000	USD
At 2023-12-29	1,178,000	USD
At 2022-12-31	1,028,000	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
2023-12-30 to 2023-12-31	-5,020,000	USD	2
2023-01-01 to 2023-12-29	-94,872	USD	363
2022-01-01 to 2022-12-31	-8,323,680	USD	365

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 2023-12-29	1,290,190	USD	363
2022-01-01 to 2022-12-31	4,402,602	USD	365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2023-01-01 to 2023-12-29	300,000	USD	363
2022-01-01 to 2022-12-31	300,000	USD	365

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
2023-01-01 to 2023-12-29	2,985,534	USD	363
2022-01-01 to 2022-12-31	-2,723,332	USD	365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2023-01-01 to 2023-12-29	29,673	USD	363
2022-01-01 to 2022-12-31	2,549	USD	365

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 2023-12-29	74,340	USD	363
2022-01-01 to 2022-12-31	901,789	USD	365

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 2023-12-29	-816,853	USD	363
2022-01-01 to 2022-12-31	-455,629	USD	365

Change in accounts payable

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

Period	Value	Unit	Days
2023-01-01 to 2023-12-29	84,611	USD	363
2022-01-01 to 2022-12-31	261,540	USD	365

Inspect the source

Entity: GIFTIFY, INC. / CIK 0001760233
Captured: 2026-09-21T17:29:46.474Z
SEC response SHA-256: e575d13f0f85b9a114536ede5bfe88f69d359bd2635e57e080041c097babb1b8

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

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import json
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with urlopen("https://canlicapital.com/company-data/0001760233.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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