MeritValue

Decentral Life, Inc.

WDLFdata completeness 75%7 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Decentral Life, Inc. earns about -1096% on equity, but has diluted owners by 5875% over 5 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2018FY 2019FY 2020FY 2021FY 2022
Revenue$220,5921$482,4882$274,9483$292,1394$944,4134
Net income−$4.64M5−$3.34M6−$202,7217−$2.12M8$727,3868
Operating cash flow−$4.46M9−$4.46M10−$364,28511−$312,86712$395,98612
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$195,05113$6,05713—$77614$199,31014
Diluted shares123.8M2.18B9.60B7.08B7.39B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$0
your share of equity
Profit it earned you last year
$0
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $0 of net worth that earned you $0 last year.

iii. Is this a good business?
Moat signal · return on equity
-1096% avg · 5y
FY18 -2315%FY19 —FY20 —FY21 —FY22 123%

It earned an average -1096% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+5875% shares · 5y

Share count is up 5875% over 5 years — owners have been diluted. Worth asking what they got for it.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2018-12-31 · accession 0001493152-20-004440 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-012971 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2020-12-31 · accession 0001493152-22-009607 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001493152-23-008558 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2018-12-31 · accession 0001493152-20-004440 (NetIncomeLoss)
  6. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-012971 (NetIncomeLoss)
  7. 10-K · period ending 2020-12-31 · accession 0001493152-22-009607 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001493152-23-008558 (NetIncomeLoss)
  9. 10-K · period ending 2018-12-31 · accession 0001493152-20-004440 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-012971 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2020-12-31 · accession 0001493152-22-009607 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-12-31 · accession 0001493152-23-008558 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2018-12-31 · accession 0001493152-20-004440 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2021-12-31 · accession 0001493152-23-008558 (CashAndCashEquivalentsAtCarryingValue)