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10-Q | 0000895419-23-000013 | 20230126160459 | 20221225 | WOLFSPEED, INC. | In January 2022, the Company commenced a plan to open a global IT shared services hub in Belfast, Northern Ireland in partnership with the Northern Ireland government. The Company recorded $0.2 million of severance-related costs relating to this plan for both the three and six months ended December 25, 2022 and has accrued $0.8 million as of December 25, 2022. | [
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10-Q | 0000895419-23-000013 | 20230126160459 | 20221225 | WOLFSPEED, INC. | The factory optimization restructuring plan concluded in fiscal 2022. For the three and six months ended December 26, 2021, the Company expensed and paid $1.8 million and $3.4 million, respectively, of restructuring charges associated with the movement of equipment related to the factory optimization plan. Additionally, the Company expensed and paid $0.3 million and $1.3 million of restructuring charges associated with disposals of certain long-lived assets for the three and six months ended December 26, 2021, respectively. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On February 2, 2015, the Company entered into a Share Exchange Agreement with Tanaris Power Holdings, Inc., whereby the Company acquired 100% of Tanaris Power Holdings, Inc. issued and outstanding common stock in exchange for shares of the Company's common stock equal to 51% of the issued and outstanding common stock of the Company. Tanaris Power Holdings, Inc. was the owner of certain rights in connection with the marketing and sale of smart lithium-ion batteries and battery technologies for various industrial vehicles markets and related applications. On March 6, 2015, the Company amended its Articles of Incorporation to change its name to Tanaris Power Holdings, Inc. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On February 2, 2015, the Company entered into a Share Exchange Agreement with Tanaris Power Holdings, Inc., whereby the Company acquired 100% of Tanaris Power Holdings, Inc. issued and outstanding common stock in exchange for shares of the Company's common stock equal to 51% of the issued and outstanding common stock of the Company. Tanaris Power Holdings, Inc. was the owner of certain rights in connection with the marketing and sale of smart lithium-ion batteries and battery technologies for various industrial vehicles markets and related applications. On March 6, 2015, the Company amended its Articles of Incorporation to change its name to Tanaris Power Holdings, Inc. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On October 25, 2021 our board of directors approved a share exchange agreement with Telecom Financial Services Limited ("TFS") for the acquisition one hundred percent (100%) of its stock. TFS owns the intellectual property critical to the operations of the company's financial technology business unit as well as certain key supplier, marketing and operating agreements. The acquisition of TFS closed on January 3, 2022. TFS has been renamed HammerPay [USA] Ltd. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On October 25, 2021 our board of directors approved a share exchange agreement with Telecom Financial Services Limited ("TFS") for the acquisition one hundred percent (100%) of its stock. TFS owns the intellectual property critical to the operations of the company's financial technology business unit as well as certain key supplier, marketing and operating agreements. The acquisition of TFS closed on January 3, 2022. TFS has been renamed HammerPay [USA] Ltd. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | In March 2020, the World Health Organization declared a global health pandemic related to the outbreak of a novel coronavirus. The COVID-19 pandemic adversely affected the company's financial performance in the third and fourth quarters of fiscal year 2020 and could have an impact throughout fiscal year 2021. In response to the COVID-19 pandemic, government health officials have recommended and mandated precautions to mitigate the spread of the virus, including shelter-in-place orders, prohibitions on public gatherings and other similar measures. As a result, the company and certain of the company's customers and suppliers temporarily closed locations beginning late in the second quarter of fiscal year 2020, continuing into the third quarter of fiscal year 2020. Partly due to the COVID-19 pandemic, the Company shut down the operations of its' Open Data Centers, LLC operations effective April 30, 2020. On May 5, 2020 and on February 26, 2021 the Company's 1stPoint Communications LLC subsidiary entered into two $88,097 notes payable to Bank of America, pursuant to the Paycheck Protection Program ("PPP Loan") under the CARES Act. 1stPoint has met the requirements for Loan Forgiveness, and as of October 19, 2021, these notes have been forgiven by the Small Business Administration in accordance with rules of the CARES Act. The amounts of have been reflected as other income in the company's financial statements. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | In March 2020, the World Health Organization declared a global health pandemic related to the outbreak of a novel coronavirus. The COVID-19 pandemic adversely affected the company's financial performance in the third and fourth quarters of fiscal year 2020 and could have an impact throughout fiscal year 2021. In response to the COVID-19 pandemic, government health officials have recommended and mandated precautions to mitigate the spread of the virus, including shelter-in-place orders, prohibitions on public gatherings and other similar measures. As a result, the company and certain of the company's customers and suppliers temporarily closed locations beginning late in the second quarter of fiscal year 2020, continuing into the third quarter of fiscal year 2020. Partly due to the COVID-19 pandemic, the Company shut down the operations of its' Open Data Centers, LLC operations effective April 30, 2020. On May 5, 2020 and on February 26, 2021 the Company's 1stPoint Communications LLC subsidiary entered into two $88,097 notes payable to Bank of America, pursuant to the Paycheck Protection Program ("PPP Loan") under the CARES Act. 1stPoint has met the requirements for Loan Forgiveness, and as of October 19, 2021, these notes have been forgiven by the Small Business Administration in accordance with rules of the CARES Act. The amounts of have been reflected as other income in the company's financial statements. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The Company has $7,300,120 of recognized indefinite lived intangible assets, which consist of customer contract assets from acquisitions and goodwill. These assets are not amortized and are evaluated routinely for potential impairment. If a determination is made that the intangible asset is impaired after performing the initial qualitative assessment, the asset's fair value will be calculated and compared with the carrying value to determine whether an impairment loss should be recognized. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The Company has $7,300,120 of recognized indefinite lived intangible assets, which consist of customer contract assets from acquisitions and goodwill. These assets are not amortized and are evaluated routinely for potential impairment. If a determination is made that the intangible asset is impaired after performing the initial qualitative assessment, the asset's fair value will be calculated and compared with the carrying value to determine whether an impairment loss should be recognized. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the fiscal year ended July 31, 2016, the Company entered into two promissory notes with a related party for an aggregate amount of $2,400,000 and $1,000,000, respectively. The $2,400,000 note matured on January 4, 2019. The terms consist of ten principal and interest payments due quarterly in the amount of $300,000 for total payments of $3,000,000. The Company is currently in default on this loan. To date, the Company has made payments on this note amounting to $725,831. The payments were applied to interest accrued as of the time of payment as well as to principal. The principal balance was $2,294,067 at July 31, 2019 and 2018. The interest accrued was $219,434 at July 31, 2019. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the fiscal year ended July 31, 2016, the Company entered into two promissory notes with a related party for an aggregate amount of $2,400,000 and $1,000,000, respectively. The $2,400,000 note matured on January 4, 2019. The terms consist of ten principal and interest payments due quarterly in the amount of $300,000 for total payments of $3,000,000. The Company is currently in default on this loan. To date, the Company has made payments on this note amounting to $725,831. The payments were applied to interest accrued as of the time of payment as well as to principal. The principal balance was $2,294,067 at July 31, 2019 and 2018. The interest accrued was $219,434 at July 31, 2019. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The $1,000,000 note matured on June 9, 2018 at which time the principal became due in its entirety, in addition to simple interest accrued at 3%. The company is currently in default on this loan. However, in November 1, 2018, as a term of the Stock Purchase Agreements signed as part of the acquisition of Open Data Centers, LLC, 1stPoint Communications LLC and Endstream Communications LLC, this party agreed to convert this debt at $3 per share of Common Stock at a time of the Company's choosing. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The $1,000,000 note matured on June 9, 2018 at which time the principal became due in its entirety, in addition to simple interest accrued at 3%. The company is currently in default on this loan. However, in November 1, 2018, as a term of the Stock Purchase Agreements signed as part of the acquisition of Open Data Centers, LLC, 1stPoint Communications LLC and Endstream Communications LLC, this party agreed to convert this debt at $3 per share of Common Stock at a time of the Company's choosing. | [
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the nine months ended April 30, 2020, the Company entered into a Stock Purchase Agreement with a related party on May 5, 2020 and May 30, 2020 in the amounts of $14,000 and $12,000 respectively. During the current fiscal year ending on July 31, 2020, the Company entered into convertible notes with Erik Levitt, the CEO of the company on April 20th and May 5th 2020 in the amounts of $36,300, and $12,000 respectively. The $12,000 note was paid on May 12th, 2020. The Company entered into a convertible note with Andrea Levitt, spouse of the CEO, Erik Levitt, on August 22, 2019 in the amount of $12,000. $4,500 has been repaid. The Company entered into a convertible note with two related parties on August 24, 2019 in the amount of $12,000 and $6,000 respectively. Any interest may be accrued as either cash or stock at the option of the Company. During the current fiscal year ending July 31, 2020, the Company entered into Stock Purchase Agreements from a related party in the amount of $10,000 on August 15, 2020, $25,000 on March 17, 2020, and $40,000 on March 26, 2020. On April 6, 2020, the Company entered into a promissory note for the sum of $36,300 with a related party. The note bears interest at a rate of 6%, payable quarterly. On September 1, 2020, the Company entered into a promissory note for the sum of $100,000 with a related party. The note bears interest at a rate of 6%, payable quarterly. On November 23, 2020, and on January 19, 2021 the Company entered into promissory notes for the sums of $10,000 and $75,000 with a related party. These notes bear interest at a rate of 6%, payable
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10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the nine months ended April 30, 2020, the Company entered into a Stock Purchase Agreement with a related party on May 5, 2020 and May 30, 2020 in the amounts of $14,000 and $12,000 respectively. During the current fiscal year ending on July 31, 2020, the Company entered into convertible notes with Erik Levitt, the CEO of the company on April 20th and May 5th 2020 in the amounts of $36,300, and $12,000 respectively. The $12,000 note was paid on May 12th, 2020. The Company entered into a convertible note with Andrea Levitt, spouse of the CEO, Erik Levitt, on August 22, 2019 in the amount of $12,000. $4,500 has been repaid. The Company entered into a convertible note with two related parties on August 24, 2019 in the amount of $12,000 and $6,000 respectively. Any interest may be accrued as either cash or stock at the option of the Company. During the current fiscal year ending July 31, 2020, the Company entered into Stock Purchase Agreements from a related party in the amount of $10,000 on August 15, 2020, $25,000 on March 17, 2020, and $40,000 on March 26, 2020. On April 6, 2020, the Company entered into a promissory note for the sum of $36,300 with a related party. The note bears interest at a rate of 6%, payable quarterly. On September 1, 2020, the Company entered into a promissory note for the sum of $100,000 with a related party. The note bears interest at a rate of 6%, payable quarterly. On November 23, 2020, and on January 19, 2021 the Company entered into promissory notes for the sums of $10,000 and $75,000 with a related party. These notes bear interest at a rate of 6%, payable
quarterly
and may be convertible into common stock at the Company's option. | [
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] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On February 26, 2021, March 9, 2021 and March 15, 2021 the Company entered into promissory notes for the sums of $25,000, $100,000 and $25,000 respectively, with a related party. These notes are bear interest at a rate of 6% payable quarterly unless forgiven by the note holder and may be converted into common stock at the Company's option. | [
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},
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] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On February 26, 2021, March 9, 2021 and March 15, 2021 the Company entered into promissory notes for the sums of $25,000, $100,000 and $25,000 respectively, with a related party. These notes are bear interest at a rate of 6% payable quarterly unless forgiven by the note holder and may be converted into common stock at the Company's option. | [
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"Value": 25000
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On January 15, 2022 the Company entered into a promissory note for the sum of $25,000 with a related party.These notes bear interest at a rate of 6%, payable quarterly and may be convertible into common stock at the Company's option, and on December 28, 2021, January 12, 2022 and January 21, 2022 1stPoint Communications, LLC entered into three notes in the amounts of $10,200, $7,600 and $4,000 with a related party under the same terms as the note on January 15, 2022. | [
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},
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"Value": 7600
},
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"Value": 4000
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On January 15, 2022 the Company entered into a promissory note for the sum of $25,000 with a related party.These notes bear interest at a rate of 6%, payable quarterly and may be convertible into common stock at the Company's option, and on December 28, 2021, January 12, 2022 and January 21, 2022 1stPoint Communications, LLC entered into three notes in the amounts of $10,200, $7,600 and $4,000 with a related party under the same terms as the note on January 15, 2022. | [
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},
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},
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},
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}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The Company has approximately $19,893,00 of NOL carried forward to offset taxable income in future years. The tax laws enacted in 2017 also changed the treatment of NOL. Prior to the change, NOL could be carried back up to two years and carried forward up to 20 years to offset taxable income. In the new tax law, the NOL that can be carried forward is limited to 80% of the taxable income, can no longer be carried back, but are allowed to be carried forward indefinitely. The new law will apply to NOL arising in tax years beginning December 31, 2017, hence, $3,000,000 of the NOL will be subject to the 80% limitation and will be carried forward indefinitely while $15,773,000 of the NOL will be carried forward for 20 years and will begin to expire in 2036. | [
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"End date for period": "2022-10-31",
"Label": "us-gaap:OperatingLossCarryforwards",
"Start character": 31,
"Start date for period": "2022-10-31",
"Value": 1989300
},
{
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"Label": "hmmr:NetOperatingLossCarryforwardsSubjectToLimitation",
"Start character": 562,
"Start date for period": "2022-10-31",
"Value": 3000000
},
{
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"End character": 679,
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"Label": "hmmr:NetOperatingLossCarryforwardsForFuturePeriod",
"Start character": 669,
"Start date for period": "2022-10-31",
"Value": 15773000
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The Company has approximately $19,893,00 of NOL carried forward to offset taxable income in future years. The tax laws enacted in 2017 also changed the treatment of NOL. Prior to the change, NOL could be carried back up to two years and carried forward up to 20 years to offset taxable income. In the new tax law, the NOL that can be carried forward is limited to 80% of the taxable income, can no longer be carried back, but are allowed to be carried forward indefinitely. The new law will apply to NOL arising in tax years beginning December 31, 2017, hence, $3,000,000 of the NOL will be subject to the 80% limitation and will be carried forward indefinitely while $15,773,000 of the NOL will be carried forward for 20 years and will begin to expire in 2036. | [
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"Start date for period": "2022-10-31",
"Value": 1989300
},
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"Start character": 562,
"Start date for period": "2022-10-31",
"Value": 3000000
},
{
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"Label": "hmmr:NetOperatingLossCarryforwardsForFuturePeriod",
"Start character": 669,
"Start date for period": "2022-10-31",
"Value": 15773000
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On January 4, 2019 the Company repurchased 13,000,000 shares of restricted Common Stock from substantial related-party shareholders. The shares of common stock were repurchased by the Company at $0.0001 per share. The repurchased shares were added to the Treasury stock of the Company and intend to be used for the purposes of effecting mergers, acquisitions, joint ventures, contractual relations and may be issued to investors under private placement agreements. 16,341,085 shares were issued from Treasury in conjunction with mergers and acquisitions, and operating activities. In connection with the Equity Purchase Agreement with Peak One, the Company issued 350,000 shares of treasury stock. | [
{
"Currency / Unit": null,
"End character": 202,
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"Label": "us-gaap:SaleOfStockPricePerShare",
"Start character": 196,
"Start date for period": "2019-01-04",
"Value": 0.0001
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On January 4, 2019 the Company repurchased 13,000,000 shares of restricted Common Stock from substantial related-party shareholders. The shares of common stock were repurchased by the Company at $0.0001 per share. The repurchased shares were added to the Treasury stock of the Company and intend to be used for the purposes of effecting mergers, acquisitions, joint ventures, contractual relations and may be issued to investors under private placement agreements. 16,341,085 shares were issued from Treasury in conjunction with mergers and acquisitions, and operating activities. In connection with the Equity Purchase Agreement with Peak One, the Company issued 350,000 shares of treasury stock. | [
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"Label": "us-gaap:SaleOfStockPricePerShare",
"Start character": 196,
"Start date for period": "2019-01-04",
"Value": 0.0001
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | In the quarter ended April 2021 the Company issued 3,008,366 additional shares associated with acquisitions and to settle liability. In the quarter Ended July 2021, the Company issued 1,757,500 to a related party to settle outstanding liabilities of $5,272,500. | [
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"End character": 260,
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"Label": "hmmr:StockIssuedDuringPeriodValueToSettleLiability",
"Start character": 251,
"Start date for period": "2021-05-01",
"Value": 5272500
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | In the quarter ended April 2021 the Company issued 3,008,366 additional shares associated with acquisitions and to settle liability. In the quarter Ended July 2021, the Company issued 1,757,500 to a related party to settle outstanding liabilities of $5,272,500. | [
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"Start character": 251,
"Start date for period": "2021-05-01",
"Value": 5272500
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the three months ended January 31, 2022, the company reclaimed 3,000,000 shares of Treasury stock in connection with a prior transaction, and will issue 5,000,000 shares of Treasury stock associated with the acquisition of TFS. The market value of the treasury shares at the closing of the acquisition were $4,250,500. | [
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"Label": "hmmr:MarketValueOfTreasuryStocksAtCloseOfAcquisition",
"Start character": 315,
"Start date for period": "2022-01-31",
"Value": 4250500
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the three months ended January 31, 2022, the company reclaimed 3,000,000 shares of Treasury stock in connection with a prior transaction, and will issue 5,000,000 shares of Treasury stock associated with the acquisition of TFS. The market value of the treasury shares at the closing of the acquisition were $4,250,500. | [
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"Label": "hmmr:MarketValueOfTreasuryStocksAtCloseOfAcquisition",
"Start character": 315,
"Start date for period": "2022-01-31",
"Value": 4250500
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the three months ended April 30, 2022, the Company issued 712,500 shares of common stock as commitment shares on borrowing. The shares were valued at their fair value of $454,908 and included in Financing charges. | [
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"End character": 185,
"End date for period": "2022-04-30",
"Label": "hmmr:CommitmentSharesIssuedForDebtValue",
"Start character": 178,
"Start date for period": "2022-02-01",
"Value": 454908
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | During the three months ended April 30, 2022, the Company issued 712,500 shares of common stock as commitment shares on borrowing. The shares were valued at their fair value of $454,908 and included in Financing charges. | [
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"Label": "hmmr:CommitmentSharesIssuedForDebtValue",
"Start character": 178,
"Start date for period": "2022-02-01",
"Value": 454908
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The matter of 15 Corporate Place, LLC v. Open Data Centers, LLC settled for $25,000 plus acceptance of the security deposit which has already been written down in assumption of this outcome. The final settlement was less than the $35,000 originally offered. | [
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"Label": "us-gaap:LossContingencyDamagesPaidValue",
"Start character": 77,
"Start date for period": "2022-08-01",
"Value": 25000
},
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"Label": "us-gaap:LossContingencyDamagesAwardedValue",
"Start character": 231,
"Start date for period": "2022-08-01",
"Value": 35000
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | The matter of 15 Corporate Place, LLC v. Open Data Centers, LLC settled for $25,000 plus acceptance of the security deposit which has already been written down in assumption of this outcome. The final settlement was less than the $35,000 originally offered. | [
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"Value": 35000
}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On October 4, 2022 the Company received a Notice of Conversion from Talos Victory Fund, LLC (“Talos”). Talos converted their principal, interest and conversion fee into Common Stock at $0.58 per share. 512,696 shares were issued, and this is reflected on the Statement of Equity. Non-cash interest expenses had been accrued in prior periods. | [
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}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On October 4, 2022 the Company received a Notice of Conversion from Talos Victory Fund, LLC (“Talos”). Talos converted their principal, interest and conversion fee into Common Stock at $0.58 per share. 512,696 shares were issued, and this is reflected on the Statement of Equity. Non-cash interest expenses had been accrued in prior periods. | [
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}
] |
10-Q | 0001062993-23-002529 | 20230209105343 | 20221031 | HAMMER FIBER OPTICS HOLDINGS CORP | On October 4, 2022 the Company received a Notice of Conversion from Talos Victory Fund, LLC (“Talos”). Talos converted their principal, interest and conversion fee into Common Stock at $0.58 per share. 512,696 shares were issued, and this is reflected on the Statement of Equity. Non-cash interest expenses had been accrued in prior periods. | [
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] |
10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | The maximum number of shares of common stock that may be issued under the 2022
Plan is initially 400,000,000. The number of shares will automatically be increased on the first day of the Company’s fiscal
year beginning in 2023 so that the total number of shares issuable will at all times equal fifteen percent (15%) of the Company’s
fully diluted capitalization on the first day of the Company’s fiscal year, unless the Board adopts a resolution providing
that the number of shares issuable under the 2022 Plan shall not be so increased. | [
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10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | Under the 2022 Equity Incentive
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January 1, 2023 and 20,000,000 shares will vest January 1, 2024. | [
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10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | Effective October 1, 2022, the
Company extended its research agreement with the University of Iowa through September 30, 2023. As consideration under the research agreement,
the University of Iowa will receive a maximum of $343,984 from the Company in four equal installments of $85,996. The agreement can
be terminated by either party upon sixty (60) days prior written notice to the other. | [
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10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | Effective October 1, 2022, the
Company extended its research agreement with the University of Michigan through September 30, 2023. As consideration under the research
agreement, the University of Michigan will receive a maximum of $298,194, from the Company in four equal installments of $74,549. In the
event of early termination by the Sponsor, the Sponsor will pay all costs accrued by the University as of the date of termination, including
non-cancellable obligations. | [
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10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | Effective
December 2021, the Company entered into a marketing media campaign in the amount of $350,000, during the year ended June 30, 2022. The
Company paid $262,500, and the remaining balance of $87,500 was paid on July 11, 2022 leaving a zero balance as of December 31, 2022. | [
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"Value": 87500
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10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | The
Company rented lab space with the University of Iowa as of February 2022. The monthly rent is a base of $1,468, plus an additional $500
for the rental of a lab on a month-to-month basis and is cancellable with a thirty (30) day notice. Due to the rental being month-to-month,
ASC 842 lease accounting is not applicable. | [
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] |
10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | Under
the 2022 Equity Incentive Plan, two employees were granted 150,000,000 restricted stock awards for services, which vested immediately.
The Company withheld 62,400,000 shares at a price of $0.027 to pay for the taxes owed by the employees in the amount of $1,684,800, and
the remaining 87,600,000 shares priced at $0.027 per share in the amount of $2,365,200 in stock compensation reported in the financial
statements. | [
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"Start date for period": "2022-07-01",
"Value": 2365200
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] |
10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | During the six months ended December
31, 2022, a consultant exercised 3,071,412 nonqualified stock options through a cashless exercise for $32,875 in stock compensation expense
reported in the financial statements. | [
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10-Q | 0001213900-23-011616 | 20230214172532 | 20221231 | SUNHYDROGEN, INC. | During
the six months ended December 31, 2021, the Company redeemed 24,887,463 of the Company’s stock options to related parties
for a total of $1,450,000. | [
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] |
10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On October 19, 2021, the Company acquired all the outstanding equity interests of United Silicon Carbide, Inc. ("United SiC"), a leading manufacturer of silicon carbide ("SiC") power semiconductors, for a total purchase price of $236.7 million. The acquisition expanded the Company's offerings to include SiC power products for a range of applications, such as electric vehicles, battery charging, IT infrastructure, renewables and circuit protection. | [
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"Start date for period": "2021-10-19",
"Value": 236700000
}
] |
10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | The purchase price comprised cash consideration of $227.2 million and contingent consideration of up to $31.3 million which is expected to be paid to the sellers (in the first quarter of fiscal 2024) upon achieving certain revenue and gross margin targets over the period beginning on the acquisition date through December 31, 2022. The estimated fair value of the contingent consideration liability was $9.5 million as of the acquisition date. At April 2, 2022, the contingent consideration liability was remeasured to a fair value of $17.6 million and is included in "Other long-term liabilities" in the Condensed Consolidated Balance Sheet. At December 31, 2022, the maximum contingent consideration of $31.3 million was earned and is included in "Other current liabilities" in the Condensed Consolidated Balance Sheet, with the increase in fair value recognized in "Other operating expense" in the Condensed Consolidated Statement of Operations. Refer to Note 5 for further information related to the fair value measurement. | [
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] |
10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On April 5, 2021, the Company acquired all the outstanding equity interests of NextInput, Inc. ("NextInput"), a leader in microelectromechanical system ("MEMS")-based sensing solutions, for a total cash purchase price of $173.3 million. The acquisition expanded the Company's offerings of MEMS-based products for mobile applications, providing sensing solutions for a broad range of applications in other markets. | [
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"Start date for period": "2021-04-05",
"Value": 173300000
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] |
10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | The Company invests in limited partnerships and accounts for these investments using the equity method. The carrying amounts of these investments, as of December 31, 2022 and April 2, 2022, were $20.2 million and $27.1 million, respectively, and are classified as "Long-term investments" in the Condensed Consolidated Balance Sheets. During the three and nine months ended December 31, 2022, the Company recorded a loss of $5.0 million and $4.7 million, respectively, based on its share of the limited partnerships' earnings. During the three and nine months ended January 1, 2022, the Company recorded a loss of $2.4 million and income of $13.6 million, respectively, based on its share of the limited partnerships' earnings. These amounts are included in "Other income, net" in the Condensed Consolidated Statements of Operations. | [
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"Start date for period": "2022-04-02",
"Value": 27100000
},
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"Value": 5000000
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"Start date for period": "2022-04-03",
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | nine months ended December 31, 2022, the Company received cash distributions of $0.2 million and $2.2 million, respectively, from these limited partnerships. No cash distributions were received during the three months ended January 1, 2022 and $13.5 million of cash distributions were received during the nine months ended January 1, 2022. The cash distributions were recognized as reductions to the carrying value of the investments and included in the cash flows from investing activities in the Condensed Consolidated Statements of Cash Flows. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On September 29, 2020, the Company and certain of its U.S. subsidiaries (the "Guarantors") entered into a five-year unsecured senior credit facility pursuant to a credit agreement (as amended, restated, modified or otherwise supplemented from time to time, the "Credit Agreement") with Bank of America, N.A., acting as administrative agent, and a syndicate of lenders. The Credit Agreement amended and restated the previous credit agreement dated as of December 5, 2017. The Credit Agreement includes a senior revolving line of credit (the "Revolving Facility") of up to $300.0 million, and included a senior term loan of $200.0 million (collectively, the "Credit Facility"), that was fully repaid in fiscal 2022. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On April 6, 2022, the Company and the administrative agent entered into an amendment to the Credit Agreement (the "LIBOR Transition Amendment") to replace the London Interbank Offered Rate as a reference rate available for use in the computation of interest under the Credit Agreement. As a result of the LIBOR Transition Amendment, at the Company’s option, loans under the Credit Agreement will bear interest at (i) the Applicable Rate (as defined in the Credit Agreement) plus the Term SOFR (as defined in the Credit Agreement) or (ii) the Applicable Rate plus a rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) the prime rate as set by the administrative agent, and (c) the Term SOFR plus 1.0% (the "Base Rate"). All swing line loans will bear interest at a rate equal to the Applicable Rate plus the Base Rate. The Term SOFR is the rate per annum equal to the forward-looking Secured Overnight Financing Rate term rate for interest periods of one, three or six months (as selected by the Company) plus an adjustment (as defined in the Credit Agreement). The Applicable Rate for Term SOFR loans ranges from 1.000% per annum to 1.250% per annum, and the Applicable Rate for Base Rate loans ranges from 0.000% per annum to 0.250% per annum. Undrawn amounts under the Credit Facility are subject to a commitment fee ranging from 0.150% to 0.200%. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | During the three and nine months ended December 31, 2022, there were no borrowings under the Revolving Facility. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | Interest is payable on the 2024 Notes on June 15 and December 15 of each year. The Company paid interest of $4.4 million and $8.8 million on the 2024 Notes during the | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On September 30, 2019, the Company issued $350.0 million aggregate principal amount of its 4.375% senior notes due 2029 (the "Initial 2029 Notes"). On December 20, 2019, and June 11, 2020, the Company issued an additional $200.0 million and $300.0 million, respectively, aggregate principal amount of such note | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On September 29, 2020, the Company issued $700.0 million aggregate principal amount of its 3.375% senior notes due 2031 (the "2031 Notes"). The 2031 Notes will mature on April 1, 2031, unless earlier redeemed in accordance with their terms. The 2031 Notes are senior unsecured obligations of the Company and are guaranteed, jointly and severally, by the Guarantors. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | The Company paid no interest on the 2031 Notes during the three months ended December 31, 2022 and January 1, 2022, and paid interest of | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | spectively, primarily related to the 2024 Notes, the 2029 Notes and the 2031 Notes, partially offset by interest capitalized to property and equipment of $1.0 million and $3.0 million, respectively. During the | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | nine months ended January 1, 2022, the Company recognized total interest expense of $16.3 million and $48.7 million, respectively, primarily related to the 2029 Notes and the 2031 Notes, partially offset by interest capitalized to property and equipment of $0.9 million and $2.8 million, respectively. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | On November 2, 2022, the Company announced that its Board of Directors authorized a new share repurchase program to repurchase up to $2.0 billion of the Company's outstanding common stock, which included the remaining authorized dollar amount under a prior program terminated concurrent with the new authorization. Under the current program, share repurchases are made in accordance with applicable securities laws on the open market or in privately negotiated transactions. The extent to which the Company repurchases its shares, the number of shares and the timing of any repurchases depends on general market conditions, regulatory requirements, alternative investment opportunities and other considerations. The program does not require the Company to repurchase a minimum number of shares, does not have a fixed term, and may be modified, suspended, or terminated at any time without prior notice. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | During the three and nine months ended December 31, 2022, the Company repurchased approximately 2.2 million and 7.2 million shares of its common stock for approximately $201.6 million and $711.7 million, respectively (including transaction costs) under the prior and current share repurchase programs. As of December 31, 2022, approximately $1,855.0 million remains available for repurchases under the current share repurchase program. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | During the three and nine months ended January 1, 2022, the Company repurchased approximately 1.9 million and 4.8 million shares, respectively, of its common stock for approximately $302.0 million and $825.4 million, respectively (including transaction costs). | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | In the first quarter of fiscal 2023, the purchase shortfall resulted in an impairment to the prepaid refundable deposit of approximately $13.0 million and additional reserves of approximately $11.0 million for inventory in excess of demand forecasts were recorded. Additionally, the Company assessed the future minimum purchase commitments over the remaining term of the agreement and recorded an estimated shortfall of $86.0 million, of which $8.0 million was recorded in "Other current liabilities" and $78.0 million was recorded in "Other long-term liabilities" in accordance with Accounting Standards Codification ("ASC") 330, " | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | " These transactions resulted in a total increase to cost of goods sold of $110.0 million in the first quarter of fiscal 2023. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | In October 2022, the Company renegotiated the terms of the agreement with the foundry supplier, which included extending the duration of the agreement through calendar year 2026. The Company believes that the amended agreement more closely aligns the contractual purchase commitments with forecasted demand. As a result of the amended agreement, in the second quarter of fiscal 2023, the Company recorded an impairment to the prepaid refundable deposit of approximately $38.0 million and additional reserves of approximately $5.0 million for inventory in excess of demand forecasts, which reduced the estimated shortfall liability that was previously recorded by $43.0 million. In the third quarter of fiscal 2023, the Company recorded an impairment to the prepaid refundable deposit of approximately $8.0 million and additional reserves of approximately $4.0 million for inventory in excess of demand forecasts, which reduced the estimated shortfall liability that was previously recorded by $12.0 million. There was no impact to the statements of operations in the second or third quarters of fiscal 2023. There were no material changes to the Company's estimated future purchase obligations under the current terms of the capacity reservation agreement during the current quarter. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | The Company’s income tax expense was $13.2 million and $82.1 million for the three and nine months ended December 31, 2022, respectively, and $67.0 million and $112.5 million, for the three and nine months ended January 1, 2022, respectively. The Company’s effective tax rate was (474.1)% and 25.4% for the three and nine months ended December 31, 2022, respectively, and 23.6% and 12.1% for the three and nine months ended January 1, 2022, respectively. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | The Company's effective tax rate for the three and nine months ended December 31, 2022 differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, global intangible low tax income ("GILTI"), domestic tax credits generated and discrete tax items recorded during the period. A discrete tax expense of $2.2 million and a discrete tax benefit of $10.4 million was recorded for the three and nine months ended December 31, 2022. The discrete tax expense for the three months ended December 31, 2022 primarily resulted from foreign currency gains recognized for tax purposes. The discrete tax benefit for the nine months ended December 31, 2022 primarily resulted from certain charges associated with a long-term | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | The Company's effective tax rate for the three and nine months ended January 1, 2022 differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, GILTI, domestic tax credits and discrete tax items recorded during the period. A discrete tax expense of $42.5 million and $12.0 million was recorded during the three and nine months ended January 1, 2022, respectively. The discrete tax expense for the three and nine months ended January 1, 2022 primarily related to the revaluation of deferred tax assets due to the extension of the Company’s tax holiday in Singapore. The discrete tax expense for the nine months ended January 1, 2022 was partially offset by the recognition of previously unrecognized tax benefits due to the expiration of the statute of limitations, stock-based compensation deductions and net tax benefits associated with other non-recurring restructuring activities, including a discrete charge associated with the intercompany restructuring of the NextInput intellectual property. | [
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10-Q | 0001604778-23-000034 | 20230202161036 | 20221231 | Qorvo, Inc. | In the computation of net loss per share for the three months ended December 31, 2022, approximately 2.0 million shares of outstanding stock-based awards were excluded because the effect of their inclusion would have been anti-dilutive. In the computation of diluted net income per share for the nine months ended December 31, 2022, approximately 0.9 million shares of outstanding stock-based awards were excluded because the effect of their inclusion would have been anti-dilutive. An immaterial number of shares of outstanding stock-based awards were excluded from the computation of diluted net income per share for the three and nine months ended January 1, 2022 because the effect of their inclusion would have been anti-dilutive. | [
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10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | As
of January 6, 2023, there were 2,127,503 shares of common stock, par value $0.01 per share, issued and outstanding. | [
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10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | Basic
net income per common share is computed by dividing net income available to common stockholders of TSR, Inc. by the weighted average
number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. During
the quarter ended February 28, 2021, the Company granted time and performance vesting restricted stock awards under its 2020 Equity Incentive
Plan (see Note 16 for further information). Diluted earnings per share gives effect to all potentially dilutive common shares outstanding
during the reporting period. The common stock equivalents associated with these restricted stock awards of 92,471, 91,318, 70,816, and
62,015 have been included for dilutive shares outstanding for the three and six months ended November 30, 2022 and 2021, respectively. | [
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"Value": 70816
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"Start date for period": "2021-06-01",
"Value": 62015
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] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | TSR
expects to utilize the Credit Facility for working capital and general corporate purposes. The maximum amount that may be advanced under
the Credit Facility at any time shall not exceed $2,000,000. | [
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10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | As
of November 30, 2022, the net payments exceeded borrowings outstanding against this Credit Facility resulting in a receivable from the
Lender of $69,968 which is included in “Other receivables” on the condensed consolidated balance sheet. The amount the Company
has borrowed fluctuates and, at times, it has utilized the maximum amount of $2,000,000 available under the facility to fund its payroll
and other obligations. | [
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"End date for period": "2022-11-30",
"Label": "us-gaap:OtherReceivables",
"Start character": 149,
"Start date for period": "2022-11-30",
"Value": 69968
},
{
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"End character": 352,
"End date for period": "2022-11-30",
"Label": "us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod",
"Start character": 343,
"Start date for period": "2022-06-01",
"Value": 2000000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | In
October 2021, the Company and Hughes agreed through mediation to settle this matter. In order to avoid lengthy and costly litigation
and discovery expenses, the Company has paid Hughes $705,000 to settle all claims. After adjusting for insurance reimbursement, the Company
accrued a charge of $580,000 to selling, general and administrative expenses in the quarter ended August 31, 2021. | [
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"Start character": 189,
"Start date for period": "2021-10-01",
"Value": 705000
},
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"Start date for period": "2021-06-01",
"Value": 580000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | On
April 1, 2020, the Company entered into a binding term sheet (“Term Sheet”) with Zeff Capital, L.P. (“Zeff”)
pursuant to which it agreed, among other things, to pay Zeff an amount of $900,000 over a period of three years in cash or cash and stock
in settlement of expenses incurred by Zeff during its solicitations in 2018 and 2019 in connection with the annual meetings of the Company,
the costs incurred in connection with the litigation initiated by and against the Company as well as negotiation, execution and enforcement
of the Settlement and Release Agreement, dated as of August 30, 2019, by and between the Company, Zeff and certain other parties. In
exchange for certain releases, the Term Sheet called for a cash payment of $300,000 on June 30, 2021, a second cash payment of $300,000
on June 30, 2022 and a third payment of $300,000 also on June 30, 2022, payable in cash or common stock at the Company’s option.
There was no interest due on these payments. The Company accrued $818,000, the estimated present
value of these payments using an effective interest rate of 5%, in the quarter ended February 29, 2020, as the events relating to the
expense occurred prior to such date. The $300,000 payment due June 30, 2021 was paid during the quarter ended August 31, 2021.
The two cash payments of $300,000 each were made by June 30, 2022 in full satisfaction of the settlement. | [
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"End character": 194,
"End date for period": "2020-04-01",
"Label": "us-gaap:PaymentsForLegalSettlements",
"Start character": 187,
"Start date for period": "2020-04-01",
"Value": 900000
},
{
"Currency / Unit": "iso4217:USD",
"End character": 746,
"End date for period": "2021-06-30",
"Label": "us-gaap:PaymentsForParticipationLiabilities",
"Start character": 739,
"Start date for period": "2021-06-30",
"Value": 300000
},
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"End date for period": "2021-06-30",
"Label": "us-gaap:PaymentsForParticipationLiabilities",
"Start character": 791,
"Start date for period": "2021-06-30",
"Value": 300000
},
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"End date for period": "2021-06-30",
"Label": "us-gaap:PaymentsForParticipationLiabilities",
"Start character": 840,
"Start date for period": "2021-06-30",
"Value": 300000
},
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"End character": 1001,
"End date for period": "2020-02-29",
"Label": "us-gaap:AccruedLiabilitiesCurrent",
"Start character": 994,
"Start date for period": "2020-02-29",
"Value": 818000
},
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"End character": 1086,
"End date for period": "2020-02-29",
"Label": "us-gaap:DebtInstrumentInterestRateEffectivePercentage",
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"Start date for period": "2020-02-29",
"Value": 0.05
},
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"End character": 1208,
"End date for period": "2021-06-30",
"Label": "us-gaap:PaymentsForParticipationLiabilities",
"Start character": 1201,
"Start date for period": "2021-06-30",
"Value": 300000
},
{
"Currency / Unit": "iso4217:USD",
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"End date for period": "2021-06-30",
"Label": "us-gaap:PaymentsForParticipationLiabilities",
"Start character": 1312,
"Start date for period": "2021-06-30",
"Value": 300000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | The Company accrued $818,000, the estimated present
value of these payments using an effective interest rate of 5%, in the quarter ended February 29, 2020, as the events relating to the
expense occurred prior to such date. | [
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"Start character": 21,
"Start date for period": "2020-02-29",
"Value": 818000
},
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"End date for period": "2020-02-29",
"Label": "us-gaap:DebtInstrumentInterestRateEffectivePercentage",
"Start character": 112,
"Start date for period": "2020-02-29",
"Value": 0.05
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | The two cash payments of $300,000 each were made by June 30, 2022 in full satisfaction of the settlement. | [
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"End date for period": "2022-06-30",
"Label": "us-gaap:PaymentsForParticipationLiabilities",
"Start character": 26,
"Start date for period": "2022-06-30",
"Value": 300000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | On
April 15, 2020, the Company received loan proceeds of $6,659,220 under the Paycheck Protection Program (the “PPP Loan”).
The Paycheck Protection Program (“PPP”) was established under the recent congressionally-approved Coronavirus Aid, Relief,
and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (“SBA”).
The PPP Loan to the Company was made through JPMorgan Chase Bank, N.A., a national banking association (“PPP Lender”). | [
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"End character": 67,
"End date for period": "2020-04-15",
"Label": "tsri:ProceedsFromLoan",
"Start character": 58,
"Start date for period": "2020-04-01",
"Value": 6659220
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | In
March 2021, the Company submitted a PPP Loan Forgiveness application to the SBA through the PPP Lender. On July 7, 2021, the Company
received notification from the PPP Lender that the SBA approved the Company’s application for forgiveness of the entire principal
amount of the PPP Loan plus accrued interest. The PPP Lender has applied the forgiveness amount to satisfy the PPP Loan. The Company
has no further obligations with respect to the PPP Loan. The Company recognized “Other Income” of $6,735,246 in the quarter
ended August 31, 2021 related to the forgiveness of the loan principal and accrued interest. It should be noted that the SBA has a six-year
period to review the forgiveness calculation. | [
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"End character": 507,
"End date for period": "2021-08-31",
"Label": "us-gaap:OtherIncome",
"Start character": 498,
"Start date for period": "2021-06-01",
"Value": 6735246
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | On
January 5, 2021, the members of the Board of Directors of the Company other than Robert Fitzgerald approved providing a waiver to QAR
Industries, Inc. for its contemplated acquisition of shares owned by Fintech Consulting LLC under the Company’s then existing rights
agreement (which covered a now non-existent class of Class A preferred stock) so that a distribution date would not occur under such
agreement as a result of the acquisition. QAR Industries, Inc. and Fintech Consulting LLC were both principal stockholders of the Company,
each owning more than 5% of the Company’s outstanding common stock prior to the consummation of the acquisition. Robert Fitzgerald
is the President and majority shareholder of QAR Industries, Inc. The other directors of the Company are not affiliated with QAR Industries,
Inc. | [
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"End date for period": "2021-01-05",
"Label": "tsri:CommonStockOutstandingPercentage",
"Start character": 11,
"Start date for period": "2021-01-05",
"Value": 0.05
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | On
February 3, 2021, the transaction was completed and QAR Industries, Inc. purchased 348,414 shares of TSR’s common stock from Fintech
Consulting LLC at a price of $7.25 per share. At the same time, Bradley M. Tirpak, Chairman of TSR, purchased 27,586 shares of TSR’s
common stock from Fintech Consulting LLC at a price of $7.25 per share. The foregoing transaction was the subject of litigation due to
a complaint filed by Fintech Consulting LLC on December 1, 2021. This lawsuit was dismissed with prejudice on December 7, 2022. | [
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"End character": 93,
"End date for period": "2021-02-03",
"Label": "us-gaap:SharesIssued",
"Start character": 86,
"Start date for period": "2021-02-03",
"Value": 348414
},
{
"Currency / Unit": null,
"End character": 170,
"End date for period": "2021-02-03",
"Label": "us-gaap:SharePrice",
"Start character": 166,
"Start date for period": "2021-02-03",
"Value": 7.25
},
{
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"End character": 252,
"End date for period": "2021-02-03",
"Label": "us-gaap:SharesIssued",
"Start character": 246,
"Start date for period": "2021-02-03",
"Value": 27586
},
{
"Currency / Unit": null,
"End character": 329,
"End date for period": "2021-02-03",
"Label": "us-gaap:SharePrice",
"Start character": 325,
"Start date for period": "2021-02-03",
"Value": 7.25
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | The
Company has provided placement services for an entity in which a Board of Director of the Company is the CEO. Revenues for such services
in fiscal 2022 were approximately $59,000. There were no amounts outstanding as accounts receivable from this entity as of May 31, 2022
or November 30, 2022. There was no activity with this client in the quarters ended November 30, 2022 or 2021. | [
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"End date for period": "2022-11-30",
"Label": "us-gaap:RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty",
"Start character": 176,
"Start date for period": "2022-06-01",
"Value": 59000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | Our
certificate of incorporation, as amended, authorizes the issuance of up to 12,500,000 shares of common stock, $0.01 par
value per share. | [
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"End date for period": "2022-11-30",
"Label": "us-gaap:CommonStockSharesAuthorized",
"Start character": 79,
"Start date for period": "2022-11-30",
"Value": 12500000
},
{
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"End date for period": "2022-11-30",
"Label": "us-gaap:CommonStockParOrStatedValuePerShare",
"Start character": 115,
"Start date for period": "2022-11-30",
"Value": 0.01
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | During
the fiscal year ended May 31, 2022, we sold an aggregate of 142,500 shares of common stock pursuant to the 2021 ATM for total
gross proceeds of $1,965,623 at an average selling price of $13.79 per share, resulting in net proceeds of $1,783,798 after deducting
$181,825 in commissions and other transactions costs. There were no shares sold during the quarters or six months ended November 30,
2022 and 2021. | [
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"Label": "us-gaap:IncrementalCommonSharesAttributableToConversionOfPreferredStock",
"Start character": 67,
"Start date for period": "2021-06-01",
"Value": 142500
},
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"End date for period": "2022-05-31",
"Label": "tsri:GrossProceeds",
"Start character": 152,
"Start date for period": "2021-06-01",
"Value": 1965623
},
{
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"End character": 199,
"End date for period": "2022-05-31",
"Label": "us-gaap:SaleOfStockPricePerShare",
"Start character": 194,
"Start date for period": "2022-05-31",
"Value": 13.79
},
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"End character": 250,
"End date for period": "2022-05-31",
"Label": "us-gaap:ProceedsFromDebtNetOfIssuanceCosts",
"Start character": 241,
"Start date for period": "2021-06-01",
"Value": 1783798
},
{
"Currency / Unit": "iso4217:USD",
"End character": 275,
"End date for period": "2022-05-31",
"Label": "us-gaap:PaymentsForCommissions",
"Start character": 268,
"Start date for period": "2021-06-01",
"Value": 181825
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | On
January 28, 2021, the Company granted 108,333 shares in time vesting restricted stock awards and 69,167 shares in time and performance
vesting restricted stock awards to officers, directors and key employees under the TSR, Inc. 2020 Equity Incentive Plan (the “Plan”).
The time vesting shares vest in tranches at the one-, two- and three-year anniversaries of the grants (“service condition”).
These shares had a grant date fair value of $826,000 based on the closing price of TSR’s common stock on the day prior to the grants.
The associated compensation expense is recognized on a straight-line basis over the time between grant date and the date the shares vest
(the “service period”). | [
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"End date for period": "2021-01-28",
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"Start character": 41,
"Start date for period": "2021-01-01",
"Value": 108333
},
{
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"End character": 106,
"End date for period": "2021-01-28",
"Label": "tsri:ShareBasedCompensationStockOptionVested",
"Start character": 100,
"Start date for period": "2021-01-01",
"Value": 69167
},
{
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"End character": 449,
"End date for period": "2021-01-28",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue",
"Start character": 442,
"Start date for period": "2021-01-28",
"Value": 826000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | The
time and performance vesting shares also vest in tranches at or after the two- and three-year anniversaries of the grants. The performance
condition is defined in the grant agreements and relates to the market price of the Company’s common stock over a stated period
of time (“market condition”). These shares had a grant date value of $262,000 based on the closing price of TSR common shares
on the day prior to the grants discounted by an estimated forfeiture rate of 40-60%. The Company took into account the historical volatility
of its common stock to assess the probability of satisfying the market condition. The associated compensation expense is recognized on
a straight-line basis between the time the achievement of the performance criteria is deemed probable and the time the shares may vest.
The market condition for the shares that vest on the two-year anniversary was met in October 2021. During the quarters ended November
30, 2022 and 2021, $69,000 and $177,000, respectively, have been recorded as stock-based compensation expense and included in selling,
general and administrative expenses. As of November 30, 2022, there is approximately $148,000 of unearned compensation expense that will
be expensed through February 2024; 142,666 stock awards expected to vest; 56,666 awards vested to date, of which 14,780 were forfeited
to pay taxes applicable to the stock awards. | [
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"End character": 348,
"End date for period": "2021-01-28",
"Label": "us-gaap:StockGrantedDuringPeriodValueSharebasedCompensation",
"Start character": 341,
"Start date for period": "2021-01-01",
"Value": 262000
},
{
"Currency / Unit": "xbrli:pure",
"End character": 476,
"End date for period": "2021-01-28",
"Label": "tsri:EstimatedForfeitureRates",
"Start character": 474,
"Start date for period": "2021-01-01",
"Value": 0.4
},
{
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"End character": 479,
"End date for period": "2021-01-28",
"Label": "tsri:EstimatedForfeitureRates",
"Start character": 477,
"Start date for period": "2021-01-01",
"Value": 0.6000000000000001
},
{
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"End character": 969,
"End date for period": "2022-11-30",
"Label": "us-gaap:CostsAndExpensesRelatedParty",
"Start character": 963,
"Start date for period": "2022-06-01",
"Value": 69000
},
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"End character": 982,
"End date for period": "2021-11-30",
"Label": "us-gaap:CostsAndExpensesRelatedParty",
"Start character": 975,
"Start date for period": "2021-06-01",
"Value": 177000
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | On
September 12, 2022, the Board of Directors authorized a stock repurchase program of up to $500,000 of the Company’s outstanding
common stock, par value $0.01 per share. The stock repurchase program commenced two business days after the filing of the related Form
8-K and is authorized for the next twelve (12) months. | [
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"End date for period": "2022-09-12",
"Label": "us-gaap:StockRepurchasedDuringPeriodValue",
"Start character": 94,
"Start date for period": "2022-09-01",
"Value": 500000
},
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"End date for period": "2022-09-12",
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"Start character": 156,
"Start date for period": "2022-09-12",
"Value": 0.01
}
] |
10-Q | 0001213900-23-001829 | 20230110070054 | 20221130 | TSR INC | During
the quarter ended November 30, 2022, 14,817 shares of the Company’s common stock were repurchased at an aggregate cost of $116,426.
No shares were repurchased in the quarter ended November 30, 2021. | [
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"Start character": 44,
"Start date for period": "2022-06-01",
"Value": 14817
},
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"End character": 137,
"End date for period": "2022-11-30",
"Label": "tsri:AggregateCost",
"Start character": 130,
"Start date for period": "2022-06-01",
"Value": 116426
}
] |
10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | Contract assets relate to unbilled amounts arising from goods that have already been transferred to the customer where the right to payment is not conditional on the passage of time. This results in recognition of an asset, as the amount of revenue recognized at a certain point in time exceeds the amount billed to customers. Contract assets are recorded in receivables within our Condensed Consolidated Balance Sheets and were $17.0 million and $17.2 million as of November 30, 2022, and August 31, 2022, respectively. | [
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"End character": 438,
"End date for period": "2022-11-30",
"Label": "us-gaap:CommodityContractAssetCurrent",
"Start character": 434,
"Start date for period": "2022-11-30",
"Value": 17000000
},
{
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"End character": 456,
"End date for period": "2022-08-31",
"Label": "us-gaap:CommodityContractAssetCurrent",
"Start character": 452,
"Start date for period": "2022-08-31",
"Value": 17200000
}
] |
10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | In addition to the short-term balances included in the table above, CHS Capital had long-term notes receivable, with durations of generally not more than 10 years, totaling $75.7 million and $54.3 million as of November 30, 2022, and August 31, 2022, respectively. The long-term notes receivable are included in other assets on our Condensed Consolidated Balance Sheets. As of November 30, 2022, and August 31, 2022, commercial notes represented 37% and 25%, respectively, and producer notes represented 63% and 75%, respectively, of total CHS Capital notes receivable. | [
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"End character": 182,
"End date for period": "2022-11-30",
"Label": "us-gaap:NotesAndLoansReceivableNetNoncurrent",
"Start character": 178,
"Start date for period": "2022-11-30",
"Value": 75700000
},
{
"Currency / Unit": "iso4217:USD",
"End character": 200,
"End date for period": "2022-08-31",
"Label": "us-gaap:NotesAndLoansReceivableNetNoncurrent",
"Start character": 196,
"Start date for period": "2022-08-31",
"Value": 54300000
},
{
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"End character": 452,
"End date for period": "2022-11-30",
"Label": "chscp:CommercialNotestoNotesandLoansReceivableNetPercentage",
"Start character": 450,
"Start date for period": "2022-11-30",
"Value": 0.37
},
{
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"End character": 460,
"End date for period": "2022-08-31",
"Label": "chscp:CommercialNotestoNotesandLoansReceivableNetPercentage",
"Start character": 458,
"Start date for period": "2022-08-31",
"Value": 0.25
},
{
"Currency / Unit": "xbrli:pure",
"End character": 510,
"End date for period": "2022-11-30",
"Label": "chscp:ProducerNotestoNotesandLoansReceivableNetPercentage",
"Start character": 508,
"Start date for period": "2022-11-30",
"Value": 0.63
},
{
"Currency / Unit": "xbrli:pure",
"End character": 518,
"End date for period": "2022-08-31",
"Label": "chscp:ProducerNotestoNotesandLoansReceivableNetPercentage",
"Start character": 516,
"Start date for period": "2022-08-31",
"Value": 0.75
}
] |
10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | CHS Capital has commitments to extend credit to customers if there are no violations of any contractually established conditions. As of November 30, 2022, CHS Capital customers had additional available credit of $1.0 billion. No significant troubled debt restructuring activity occurred and no third-party customer or borrower accounted for more than 10% of the total receivables balance as of November 30, 2022, or August 31, 2022. | [
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"Start character": 217,
"Start date for period": "2022-11-30",
"Value": 1000000000
}
] |
10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | As of November 30, 2022, and August 31, 2022, we valued approximately 12% and 14%, respectively, of inventories, primarily crude oil and refined fuels within our Energy segment, using the lower of cost, determined on the last in, first out ("LIFO") method, or net realizable value. If the first in, first out ("FIFO") method of accounting had been used, inventories | [
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"End character": 76,
"End date for period": "2022-11-30",
"Label": "us-gaap:PercentageOfLIFOInventory",
"Start character": 74,
"Start date for period": "2022-11-30",
"Value": 0.12
},
{
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | Joint ventures and other investments in which we have significant ownership and influence, but not control, are accounted for in our condensed consolidated financial statements using the equity method of accounting. Our only significant equity method investment during the three months ended November 30, 2022 and 2021, was CF Industries Nitrogen, LLC ("CF Nitrogen"), which is summarized below. In addition to recognition of our share of income from equity method investments, our equity method investments are evaluated for indicators of other-than-temporary impairment on an ongoing basis in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). Other investments consist primarily of investments in cooperatives without readily determinable fair values and are generally recorded at cost, unless an impairment or other observable market price change occurs requiring an adjustment. We have approximately $680.1 million of cumulative undistributed earnings from our equity method investees included in the investments balance as of November 30, 2022. | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | We have a $2.8 billion investment in CF Nitrogen, a strategic venture with CF Industries Holdings, Inc. ("CF Industries"). The investment consists of an approximate 8% membership interest (based on product tons) in CF Nitrogen. We account for this investment using the hypothetical liquidation at book value method, recognizing our share of the earnings and losses of CF Nitrogen as equity income from investments in our Nitrogen Production segment based on our contractual claims on the entity's net assets pursuant to the liquidation provisions of CF Nitrogen's Limited Liability Company Agreement, adjusted for semiannual cash distributions. | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | Our primary line of credit is a five-year unsecured revolving credit facility with a syndicate of domestic and international banks. The credit facility provides a committed amount of $2.75 billion that expires on July 16, 2024. There were no borrowings outstanding on this facility as of November 30, 2022, and August 31, 2022. We also maintain certain uncommitted bilateral facilities to support our working capital needs. | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | We have a receivables and loans securitization facility ("Securitization Facility") with certain unaffiliated financial institutions ("Purchasers"). Under the Securitization Facility, we and certain of our subsidiaries ("Originators") sell trade accounts and notes receivable ("Receivables") to Cofina Funding, LLC ("Cofina"), a wholly-owned, bankruptcy-remote, indirect subsidiary of CHS. Cofina in turn transfers the Receivables to the Purchasers, and this arrangement is accounted for as secured financing. We use the proceeds from the sale of Receivables under the Securitization Facility for general corporate purposes and settlements are made on a monthly basis. The amount available under the Securitization Facility fluctuates over time, based on the total amount of eligible Receivables generated during the normal course of business. The Securitization Facility consists of a committed portion with a maximum availability of $850.0 million and an uncommitted portion with a maximum availability of $250.0 million. As of November 30, 2022, total availability under the Securitization Facility was $929.0 million, of which no amount was utilized. | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | We also have a repurchase facility ("Repurchase Facility") related to the Securitization Facility. Under the Repurchase Facility, we can obtain repurchase agreement financing in an amount up to $150.0 million for subordinated notes issued by Cofina in favor of the Originators and representing a portion of the outstanding balance of the Receivables sold by the Originators to Cofina under the Securitization Facility. No balance was outstanding under the Repurchase Facility as of November 30, 2022, and August 31, 2022. | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | Interest expense for the three months ended November 30, 2022 and 2021, was $33.3 million and $23.4 million, respectively, net of capitalized interest of $2.5 million and $2.3 million, respectively. | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | While our revenues and operating results are derived primarily from businesses and operations that are wholly-owned or subsidiaries and limited liability companies in which we have a controlling interest, a portion of our business operations is conducted through companies in which we hold ownership interests of 50% or less or otherwise do not control the operations. We account for these investments primarily using the equity method of accounting, wherein we record our proportionate share of income or loss reported by the entity as equity income from investments, without consolidating the revenues and expenses of the entity in our Condensed Consolidated Statements of Operations. In our Ag segment, this includes our 50% interest in TEMCO. In our Nitrogen Production segment, this consists of our approximate 8% membership interest (based on product tons) in CF Nitrogen. In Corporate and Other, this principally includes our 50% ownership in Ventura Foods and our 12% ownership in Ardent Mills. See Note 5, | [
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | Derivative assets and liabilities with maturities of 12 months or less are recorded in other current assets and other current liabilities, respectively, on our Condensed Consolidated Balance Sheets. Derivative assets and liabilities with maturities greater than 12 months are recorded in other assets and other liabilities, respectively, on our Condensed Consolidated Balance Sheets. The amount of long-term derivative assets recorded on our Condensed Consolidated Balance Sheets as of November 30, 2022, and August 31, 2022, was $4.7 million and $8.5 million, respectively. The amount of long-term derivative liabilities recorded on our Condensed Consolidated Balance Sheets as of November 30, 2022, and August 31, 2022, was $2.4 million and $4.0 million, respectively. | [
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"Start date for period": "2022-11-30",
"Value": 4700000
},
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},
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10-Q | 0000823277-23-000006 | 20230111130049 | 20221130 | CHS INC | We conduct a substantial portion of our business in U.S. dollars, but are exposed to risks relating to foreign currency fluctuations, primarily due to global grain marketing transactions in South America, the Asia Pacific region and Europe, and purchases of products from Canada. We use foreign currency derivative instruments to mitigate the impact of exchange rate fluctuations. Although we have some risk exposure relating to foreign currency transactions, a larger impact with exchange rate fluctuations is the ability of foreign buyers to purchase U.S. agricultural products and the competitiveness of U.S. agricultural products compared to the same products offered by alternative sources of world supply. The notional amount of our foreign exchange derivative contracts was $1.6 billion and $1.9 billion as of November 30, 2022, and August 31, 2022, respectively. | [
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"Start date for period": "2022-08-31",
"Value": 1900000000
}
] |
Subsets and Splits