2020 Q4 Form 10-Q Financial Statement

#000155198620000302 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.85M $12.44M $4.590M
YoY Change 724.62% 40.41% -19.9%
Cash & Equivalents $37.85M $12.44M $4.593M
Short-Term Investments
Other Short-Term Assets $1.080M $1.200M $640.0K
YoY Change 68.75% 39.53% -5.88%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $38.93M $13.63M $5.223M
YoY Change 645.3% 40.26% -18.56%
LONG-TERM ASSETS
Property, Plant & Equipment $11.19K $44.97K $25.42K
YoY Change -55.98% 57.96% -27.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.580K $5.580K $5.580K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $231.5K $276.5K $73.83K
YoY Change 213.6% 206.1% 81.52%
TOTAL ASSETS
Total Short-Term Assets $38.93M $13.63M $5.223M
Total Long-Term Assets $231.5K $276.5K $73.83K
Total Assets $39.16M $13.91M $5.297M
YoY Change 639.28% 41.79% -17.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.488M $2.565M $3.890M
YoY Change -61.75% -16.11% 7.5%
Accrued Expenses $5.290M $6.067M $4.748M
YoY Change 11.42% 225.63% 474.56%
Deferred Revenue
YoY Change
Short-Term Debt $10.00K $1.270M $3.180M
YoY Change -99.69% -67.27% -38.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.848M $10.11M $14.91M
YoY Change -54.07% -22.98% 47.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $170.0K $180.0K
YoY Change
Total Long-Term Liabilities $170.0K $180.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.848M $10.11M $14.91M
Total Long-Term Liabilities $170.0K $180.0K $0.00
Total Liabilities $7.016M $10.29M $14.91M
YoY Change -52.94% -21.64% 47.44%
SHAREHOLDERS EQUITY
Retained Earnings -$132.1M -$127.1M -$70.56M
YoY Change 87.15% 106.13% 62.16%
Common Stock $20.46K $14.96K $3.948K
YoY Change 418.31% 316.8% 51.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.14M $3.621M -$9.614M
YoY Change
Total Liabilities & Shareholders Equity $39.16M $13.91M $5.297M
YoY Change 639.28% 41.79% -17.93%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4

Facts In Submission

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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. Areas of the financial statements where estimates may have the most significant effect include accrued expenses, share-based compensation, valuation of the derivative liability and warrant liabilities, valuation allowance for income tax assets, management&#8217;s estimate of the acquisition costs associated with acquired in-process research and development and management&#8217;s assessment of the Company&#8217;s ability to continue as a going concern. Changes in the facts or circumstances underlying these estimates could result in material changes and actual results could differ from these estimates.</font></div></div>

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