Decentral Life (Decentral Life) Beneish M-Score : 0.00 (As of Jun. 25, 2024)

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What is Decentral Life Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Decentral Life's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of Decentral Life was -3.66. The lowest was -97.95. And the median was -48.68.

Decentral Life Beneish M-Score Historical Data

The historical data trend for Decentral Life's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Decentral Life Beneish M-Score Chart

Decentral Life Annual Data

Trend

Aug06

Aug07

Aug08

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

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Decentral Life Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Decentral Life's Beneish M-Score

For the Software - Application subindustry, Decentral Life's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Decentral Life's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, Decentral Life's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Decentral Life's Beneish M-Score falls into.

Decentral Life Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Decentral Life for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $0.55 Mil.
Revenue was 0.173 + 0.173 + 0.143 + 0.293 = $0.78 Mil.
Gross Profit was 0.173 + 0.145 + 0.127 + 0.245 = $0.69 Mil.
Total Current Assets was $0.64 Mil.
Total Assets was $0.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.68 Mil.
Total Current Liabilities was $0.09 Mil.
Long-Term Debt & Capital Lease Obligation was $0.12 Mil.
Net Income was -0.087 + -0.018 + -0.053 + 0.231 = $0.07 Mil.
Non Operating Income was 0 + 0 + 0 + 0.064 = $0.06 Mil.
Cash Flow from Operations was 0.048 + -0.125 + 0.089 + 0.016 = $0.03 Mil.

Total Receivables was $0.48 Mil.
Revenue was 0.512 + 0.14 + 0 + 0.055 = $0.71 Mil.
Gross Profit was 0.512 + 0.14 + 0 + 0.054 = $0.71 Mil.
Total Current Assets was $0.87 Mil.
Total Assets was $0.87 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.38 Mil.
Total Current Liabilities was $0.05 Mil.
Long-Term Debt & Capital Lease Obligation was $0.45 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(0.547 / 0.782)	/	(0.481 / 0.707)
	=	0.699488	/	0.680339
	=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(0.706 / 0.707)	/	(0.69 / 0.782)
	=	0.998586	/	0.882353
	=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (0.643 + 0) / 0.643)	/	(1 - (0.865 + 0) / 0.865)
	=	0	/	0
	=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	0.782	/	0.707
	=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(0.681 / 0.782)	/	(0.377 / 0.707)
	=	0.870844	/	0.533239
	=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0.118 + 0.09) / 0.643)	/	((0.451 + 0.051) / 0.865)
	=	0.323484	/	0.580347
	=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(0.073 - 0.064	-	0.028)	/	0.643
	=	-0.029549

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Decentral Life Beneish M-Score Related Terms

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Decentral Life (Decentral Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Decentral Life Inc (OTCPK:WDLF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

6400 S. Fiddlers Green Circle, Greenwood Village, CO, USA, 80111

Website

https://www.wdlf.ai

Decentral Life Inc is a SaaS company providing blockchain and AI technology through license agreements, with a division of the company, Social Life Network, that operates a Technology Business Incubator (TBI) that provides tech start-ups with executive leadership and consulting, making it easier for start-up founders to focus on raising capital, perfecting their business model, and growing their customer base and usership. The Company's seed technology is an artificial intelligence powered social network and Ecommerce platform that leverages blockchain technology to increase speed, security and accuracy on the niche social networks that it licenses to the companies in its TBI.

Executives

Mark Disiena	officer: CFO & CAO	6835 VALJEAN AVENUE, VAN NUYS CA 91406
Vincent Keber	director	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Leslie Bocskor	director	1900 WALDMAN AVE., LAS VEGAS NV 89102
Douglas Scott Karnedy	director, officer: Chief Operating Officer	39 COVE STREET, GOFFSTOWN NH 03045
Ken S Tapp	director, 10 percent owner, officer: CEO	8100 E. UNION AVE., STE 1809, DENVER CO 80237
Somerset Private Fund Ltd	10 percent owner	387 CORONOA ST STE 555, DENVER CO 80218
Andrew Rodosevich	director, officer: CFO and Director	8100 EAST UNION AVE #1809, DENVER CO 80237
Kagel Family Trust	10 percent owner	1801 CENTURY PARK EAST, SUITE 2500, LOS ANGELES CA 90061
Richard L Songer	director, 10 percent owner, officer: ______________	207 W 138TH ST, LOS ANGELES CA 90061
Judith A Songer	director, 10 percent owner, officer: ______________________	207 W 138TH ST, LOS ANGELES CA 90061
Lori J Heskett	director, 10 percent owner, officer: __________________	207 W 138TH ST, LOS ANGELES CA 90061