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Auto Parts 4Less Group, Inc. (FLESD) SEC Filing 10-K Annual Report for the fiscal year ending Monday, January 31, 2022

4Less Group, Inc.

CIK: 1438901 Ticker: FLESD
Cover - USD ($)
12 Months Ended
Jan. 31, 2022
Apr. 25, 2022
Jul. 31, 2021
Cover [Abstract]   
Document Type10-K  
Amendment Flagfalse  
Document Annual Reporttrue  
Document Transition Reportfalse  
Document Period End DateJan. 31, 2022  
Document Fiscal Period FocusFY  
Document Fiscal Year Focus2022  
Current Fiscal Year End Date--01-31  
Entity File Number333-152444  
Entity Registrant NameAUTO PARTS 4LESS GROUP, INC.  
Entity Central Index Key0001438901  
Entity Tax Identification Number90-1494749  
Entity Incorporation, State or Country CodeNV  
Entity Address, Address Line One106 W. Mayflower  
Entity Address, City or TownLas Vegas  
Entity Address, State or ProvinceNV  
Entity Address, Postal Zip Code89030  
City Area Code702  
Local Phone Number267-6100  
Title of 12(b) SecurityCommon Stock  
Trading SymbolFLES  
Entity Well-known Seasoned IssuerNo  
Entity Voluntary FilersNo  
Entity Current Reporting StatusYes  
Entity Interactive Data CurrentYes  
Entity Filer CategoryNon-accelerated Filer  
Entity Small Businesstrue  
Entity Emerging Growth Companyfalse  
Entity Shell Companyfalse  
Entity Public Float  $ 5,910,053
Entity Common Stock, Shares Outstanding 1,447,555 
Auditor NameL J Soldinger Associates, LLC  
Auditor LocationDeer Park, Illinois  
Auditor Firm ID318  

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4Less Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Shareholder's Deficit
Consolidated Statements Of Shareholder's Deficit (Parenthetical)
A Summary Of The Weighted Average (In Aggregate) Significant Unobservable Inputs (Level 3 Inputs) Used In Measuring The Company???S Embedded Conversion Features That Are Categorized Within Level 3 Of The Fair Value Hierarchy As Of January 31, 2022 Is As Fol (Details)
Below Is A Summary Of Our Lease Assets And Liabilities At January 31, 2022 And January 31, 2021. (Details)
Commitments And Contingencies
Commitments And Contingencies (Details Narrative)
Commitments And Contingencies (Tables)
Customer Deposits
Customer Deposits (Details Narrative)
Deferred Revenue
Deferred Revenue (Details Narrative)
Derivative Liabilities
Derivative Liabilities (Details Narrative)
Derivative Liabilities (Tables)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (Details Narrative)
Description Of Business And Summary Of Significant Accounting Policies (Policies)
Description Of Business And Summary Of Significant Accounting Policies (Tables)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Tables)
For The Year Ended January 31 ,2021 The Company Issued The Following Warrants: (Details)
Going Concern And Financial Position
Going Concern And Financial Position (Details Narrative)
Income Taxes
Income Taxes (Details Narrative)
Income Taxes (Tables)
Leases
Leases (Details Narrative)
Leases (Tables)
Ppp Loan
Ppp Loan (Details Narrative)
Property
Property (Details Narrative)
Property (Tables)
Property Consists Of The Following At January 31, 2022 And 2021 (Details)
Related Party Transactions
Related Party Transactions (Details Narrative)
Schedule Of Deferred Tax Asset (Details)
Schedule Of Income Tax Expense (Benefit) (Details)
Schedule Of Minimum Lease Obligations (Details)
Schedule Of Statutory Federal Income Tax Provision (Details)
Schedule Of Warrants Outstanding (Details)
Short-Term And Long-Term Debt
Short-Term And Long-Term Debt (Tables)
Short-Term Convertible Debt
Short-Term Convertible Debt (Details Narrative)
Short-Term Convertible Debt (Tables)
Stockholders??? Deficit
Stockholders??? Deficit (Details Narrative)
Stockholders??? Deficit (Tables)
Subsequent Events
Subsequent Events (Details Narrative)
The Anti-Dilutive Shares Of Common Stock Equivalents For The Years Ended January 31, 2022 And January 31, 2021 Were As Follows: (Details)
The Company Had The Following Fully Vested Options Outstanding At January 31, 2022: (Details)
The Company Had The Following Options And Warrants Outstanding At January 31, 2022: (Details)
The Components Of The Company???S Convertible Debt As Of January 31, 2022 And 2021 Were As Follows: (Details)
The Components Of The Company???S Short-Term And Long Term Debt As Of January 31, 2022 And 2021 Were As Follows: (Details)
The Following Are The Minimum Amounts Due On The Notes As Of January 31, 2022: (Details)
The Following Table Presents Changes In Level 3 Liabilities Measured At Fair Value For The Years Ended January 31, 2022 And January 31, 2021 (Details)
The Following Table Sets Forth, By Level Within The Fair Value Hierarchy, The Company???S Financial Liabilities That Were Accounted For At Fair Value On A Recurring Basis As Of January 31, 2022 And January 31, 2021: (Details)
The Following Table Shows Revenue Split Between Proprietary And Third Party Website Revenue For The Years Ended January 31, 2022 And 2021: (Details)
The Net Income (Loss) Per Common Share Amounts For The Years Ended January 31, 2022 And January 31, 2021 Were Determined As Follows: (Details)

Material Contracts, Statements, Certifications & more

4Less Group, Inc. provided additional information to their SEC Filing as exhibits

Ticker: FLESD
CIK: 1438901
Form Type: 10-K Annual Report
Accession Number: 0001161697-22-000222
Submitted to the SEC: Mon May 09 2022 5:24:12 PM EST
Accepted by the SEC: Mon May 09 2022
Period: Monday, January 31, 2022
Industry: Business Services

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