Castellum, Inc. (CTM) 10K Annual Reports & 10Q SEC Filings

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2022	Mar. 10, 2023	Dec. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	001-04321
Entity Registrant Name	CASTELLUM, INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	27-4079982
Entity Address, Address Line One	3 Bethesda Metro Center
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	(301)
Local Phone Number	961-4895
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	CTM
Security Exchange Name	NYSEAMER
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 28,528,705
Entity Common Stock, Shares Outstanding		42,255,592
Documents Incorporated by Reference	The information required by Part III (Items 10, 11, 12, 13 and 14) of this Annual Report on Form 10-K, to the extent not set forth herein, is incorporated herein by reference from the registrant's definitive proxy statement relating to the Annual Meeting of Shareholders to be held in 2023, which definitive proxy statement shall be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates
Entity Central Index Key	0001877939
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

ChatGPT says Castellum Leverages Cash Flows, Credit Facilities, and Equity Issuance for Growth.

No significant red flags were identified in the filing. The company reported strong revenue growth and a healthy liquidity position with sufficient cash and borrowing capacity to meet its obligations. The company also disclosed risks and uncertainties related to government contracts and budget appropriations, which is typical for companies in this industry. The language and tone used in the MD&A section appeared to be balanced and transparent.

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Assess how Castellum, Inc.'s management team is paid from their Annual Proxy

Castellum, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

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Inside Castellum, Inc.'s 10-K Annual Report:

Revenue - Geography Highlight
The increase in net cash provided (used) by financing activities was primarily due to the proceeds from uplisting to the NYSE American, proceeds from notes payable obtained in 2022, and issuance of preferred and common stock.

Financial - Cash Flow Highlight
This increase in investing cash flows primarily resulted from $453,480 received in 2021 resulting from acquisitions of MFSI, Merrison, and SSI (net of amounts paid), as well as $365,572 received from the sale of two investments in private companies held by MFSI.
Financial - Cash Flow Highlight
Comparison of the Years Ended December 31, 2021 and 2020 Operating activities Net cash used in operations in 2021 increased to $(1,350,136) compared to net cash flow provided by operations in 2020 of $1,006,091, a difference of $(2,356,227).
Financial - Expense Highlight
Assumptions may include discount rates, growth rates, cost of capital, tax rates, and remaining useful lives.
Revenue - Product Highlight
Revenue from FFP contracts is generally recognized ratably over the contract term, using a time-based measure of progress, even if billing is based on other metrics or milestones, including specific deliverables.
Revenue - Product
This increase in net cash...Read more
Revenue - Product
Realized Gain on Investment Realized...Read more
Revenue - Product
For CPFF contracts, we use...Read more
Financial - Expense
This decrease in indirect costs...Read more
M & A - Other
The decrease in net cash...Read more
Revenue - Geography
The Company's registration statement on...Read more
Financial - Expense
Operating expenses Total operating expenses...Read more
Revenue - Product
This $6,831,271 increase was primarily...Read more
M & A - Other
Incremental contributions from those acquisitions...Read more
Financial - Expense
This $1,600,081 increase was the...Read more
Revenue - Product
The principles in the standard...Read more
M & A - Other
This $4,897,512 increase was primarily...Read more
Financial - Expense
This fluctuation was primarily driven...Read more
Other - Other
Goodwill and Intangible Assets We...Read more
Financial - Expense
Indirect costs consist of expenses...Read more
Financial - Expense
Since these values impact the...Read more
Other - Other
Financing activities Net cash provided...Read more
Financial - Income
Other income (expense) Realized gain...Read more
Revenue - Product
This increase was driven primarily...Read more
Revenue - Product
For T&M contracts, we use...Read more
Financial - Cash Flow
Information about our cash flows...Read more
M & A - Other
This $574,144 increase was primarily...Read more
Financial - Income
Income tax (expense) benefit Income...Read more
Financial - Expense
Cost of revenues Total cost...Read more
Other - Other
Investing activities Net cash provided...Read more
Financial - Expense
The Company recognizes these compensation...Read more
Financial - Expense
This increase was offset by...Read more
Financial - Income
Deferred income taxes reflect the...Read more
Financial - Income
Deferred income taxes reflect the...Read more
Other - Other
ASC 350 requires that goodwill...Read more
Other - Other
This $38,851 increase was due...Read more
Financial - Cash Flow
This increase in financing cash...Read more
Revenue - Product
Priced contract options represent 100%...Read more
Other - Other
We expect to recognize approximately...Read more
Financial - Expense
This increase was primarily driven...Read more
Financial - Expense
Cost of Revenues Cost of...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Castellum, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: CTM
CIK: 1877939
Form Type: 10-K Annual Report
Accession Number: 0001877939-23-000005
Submitted to the SEC: Fri Mar 17 2023 4:04:32 PM EST
Accepted by the SEC: Fri Mar 17 2023
Period: Saturday, December 31, 2022
Industry: Management Consulting Services