2021 Q4 Form 10-K Financial Statement
#000149315222008259 Filed on March 31, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $3.000M | $3.000M | $3.000M |
| YoY Change | 0.0% | -70.0% | |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $4.678M | $22.80M | $7.400M |
| YoY Change | -36.78% | -4.14% | 56.45% |
| % of Gross Profit | |||
| Research & Development | $11.70M | $34.33M | $9.240M |
| YoY Change | 26.63% | 13.89% | -3.85% |
| % of Gross Profit | |||
| Depreciation & Amortization | $807.0K | $3.250M | $840.0K |
| YoY Change | -3.93% | -29.19% | -59.42% |
| % of Gross Profit | |||
| Operating Expenses | $17.19M | $60.37M | $17.48M |
| YoY Change | -1.68% | 3.2% | 6.52% |
| Operating Profit | -$89.84M | ||
| YoY Change | |||
| Interest Expense | -$31.00K | -$3.601M | -$1.350M |
| YoY Change | -97.7% | 28.15% | 6650.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$46.68M | -$84.94M | -$15.83M |
| YoY Change | 194.9% | 0.84% | -3.65% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$46.68M | -$84.94M | -$15.83M |
| YoY Change | 194.9% | 0.84% | -3.65% |
| Net Earnings / Revenue | -1556.1% | -2831.2% | -527.67% |
| Basic Earnings Per Share | -$21.57 | ||
| Diluted Earnings Per Share | -$11.12M | -$21.57M | -$173.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 3.938M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $45.02M | $45.02M | $95.00M |
| YoY Change | -52.61% | -52.61% | -26.53% |
| Cash & Equivalents | $32.94M | $32.94M | $13.57M |
| Short-Term Investments | $12.09M | $12.09M | $82.40M |
| Other Short-Term Assets | $7.377M | $7.377M | $2.700M |
| YoY Change | 173.22% | 173.22% | -12.9% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $3.000M | $3.000M | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $56.29M | $55.40M | $97.70M |
| YoY Change | -42.38% | -43.29% | -26.21% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $12.34M | $21.74M | $18.40M |
| YoY Change | -32.94% | 18.16% | -13.21% |
| Goodwill | $32.47M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $168.0K | $1.059M | $1.100M |
| YoY Change | -84.73% | -3.73% | 0.0% |
| Total Long-Term Assets | $23.29M | $24.19M | $53.50M |
| YoY Change | -56.46% | -54.79% | -41.21% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $56.29M | $55.40M | $97.70M |
| Total Long-Term Assets | $23.29M | $24.19M | $53.50M |
| Total Assets | $79.59M | $79.59M | $151.2M |
| YoY Change | -47.36% | -47.36% | -32.32% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.325M | $4.325M | $4.700M |
| YoY Change | -7.98% | -7.98% | 23.68% |
| Accrued Expenses | $5.585M | $7.403M | $5.100M |
| YoY Change | 9.51% | 45.16% | -29.17% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $300.0K |
| YoY Change | -100.0% | -100.0% | |
| Long-Term Debt Due | $0.00 | $0.00 | $300.0K |
| YoY Change | -100.0% | -100.0% | |
| Total Short-Term Liabilities | $16.62M | $16.62M | $42.00M |
| YoY Change | -60.42% | -60.42% | 8.53% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $1.400M |
| YoY Change | -100.0% | -100.0% | |
| Other Long-Term Liabilities | $200.0K | $11.59M | |
| YoY Change | 118.64% | ||
| Total Long-Term Liabilities | $200.0K | $11.59M | $0.00 |
| YoY Change | 72.96% | -100.0% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $16.62M | $16.62M | $42.00M |
| Total Long-Term Liabilities | $200.0K | $11.59M | $0.00 |
| Total Liabilities | $28.21M | $28.21M | $48.60M |
| YoY Change | -41.95% | -41.95% | 8.0% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$655.6M | ||
| YoY Change | |||
| Common Stock | $1.472M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $51.38M | $51.38M | $102.6M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $79.59M | $79.59M | $151.2M |
| YoY Change | -47.36% | -47.36% | -32.32% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$46.68M | -$84.94M | -$15.83M |
| YoY Change | 194.9% | 0.84% | -3.65% |
| Depreciation, Depletion And Amortization | $807.0K | $3.250M | $840.0K |
| YoY Change | -3.93% | -29.19% | -59.42% |
| Cash From Operating Activities | -$30.26M | -$65.67M | -$1.610M |
| YoY Change | 1779.32% | 87.51% | -88.7% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$3.248M | -$4.151M | -$40.00K |
| YoY Change | 8020.0% | 209.78% | -66.67% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $11.25M | $70.21M | $5.810M |
| YoY Change | 93.58% | -185.23% | -800.0% |
| Cash From Investing Activities | $7.999M | $66.06M | $5.790M |
| YoY Change | 38.15% | -178.92% | -715.96% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 16.33M | 24.86M | 10.00K |
| YoY Change | 163210.0% | 1181.49% | -99.99% |
| NET CHANGE | |||
| Cash From Operating Activities | -30.26M | -65.67M | -1.610M |
| Cash From Investing Activities | 7.999M | 66.06M | 5.790M |
| Cash From Financing Activities | 16.33M | 24.86M | 10.00K |
| Net Change In Cash | -5.927M | 25.26M | 4.190M |
| YoY Change | -241.46% | -121.63% | -94.85% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$30.26M | -$65.67M | -$1.610M |
| Capital Expenditures | -$3.248M | -$4.151M | -$40.00K |
| Free Cash Flow | -$27.01M | -$61.51M | -$1.570M |
| YoY Change | 1620.32% | 82.64% | -88.89% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.074 | pure |
| CY2020Q4 | us-gaap |
Accounts Receivable Net Current
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|
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| CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
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| CY2021Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
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| CY2021Q4 | us-gaap |
Long Term Loans Payable
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|
USD | |
| CY2020Q4 | us-gaap |
Due To Related Parties Noncurrent
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|
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| CY2020Q4 | us-gaap |
Other Liabilities Noncurrent
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Preferred Stock Value
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Commitments And Contingencies
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|
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|
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|
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|
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| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
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|
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| CY2020 | abeo |
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|
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|
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|
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|
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Proceeds From Issuance Of Common Stock
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|
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Interest Paid Net
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| CY2020 | us-gaap |
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|
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