2021 Form 10-K Financial Statement
#000166357722000024 Filed on January 12, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $115.1K | $448.3K |
| YoY Change | -74.33% | 3.41% |
| Cost Of Revenue | $1.494M | $177.6K |
| YoY Change | 741.5% | 1.75% |
| Gross Profit | -$1.379M | $270.8K |
| YoY Change | -609.4% | 4.52% |
| Gross Profit Margin | -1198.4% | 60.39% |
| Selling, General & Admin | $1.845M | $1.406M |
| YoY Change | 31.18% | 100.29% |
| % of Gross Profit | 519.36% | |
| Research & Development | $108.8K | |
| YoY Change | ||
| % of Gross Profit | 40.18% | |
| Depreciation & Amortization | $1.522M | $166.2K |
| YoY Change | 815.74% | 18.81% |
| % of Gross Profit | 61.38% | |
| Operating Expenses | $0.00 | $1.515M |
| YoY Change | -100.0% | 115.79% |
| Operating Profit | -$1.379M | -$1.244M |
| YoY Change | 10.85% | 180.84% |
| Interest Expense | -$167.2K | -$153.7K |
| YoY Change | 8.77% | -1791.31% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$23.92K | $0.00 |
| YoY Change | ||
| Pretax Income | -$3.663M | -$1.523M |
| YoY Change | 140.53% | 276.4% |
| Income Tax | -$55.35K | |
| % Of Pretax Income | ||
| Net Earnings | -$3.608M | -$1.523M |
| YoY Change | 136.9% | 276.4% |
| Net Earnings / Revenue | -3135.02% | -339.71% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$18.54K | -$211.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 194.6M shares | |
| Diluted Shares Outstanding | 194.6M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $132.3K | $2.455M |
| YoY Change | -94.61% | 56.9% |
| Cash & Equivalents | $132.3K | $2.455M |
| Short-Term Investments | ||
| Other Short-Term Assets | $13.57K | $11.02K |
| YoY Change | 23.14% | -49.84% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $0.00 | $137.7K |
| Other Receivables | $733.5K | $175.3K |
| Total Short-Term Assets | $879.3K | $2.779M |
| YoY Change | -68.36% | -30.4% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $101.5K | $228.1K |
| YoY Change | -55.49% | 47.5% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $778.1K | $1.761M |
| YoY Change | -55.8% | 11613.31% |
| Total Long-Term Assets | $4.878M | $2.164M |
| YoY Change | 125.48% | 270.82% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $879.3K | $2.779M |
| Total Long-Term Assets | $4.878M | $2.164M |
| Total Assets | $5.758M | $4.943M |
| YoY Change | 16.49% | 8.01% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $118.3K | $365.0K |
| YoY Change | -67.59% | 212.86% |
| Accrued Expenses | $48.23K | $73.66K |
| YoY Change | -34.52% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $374.3K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.108M | $938.4K |
| YoY Change | 18.07% | 171.9% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | $48.25K |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $0.00 | $48.25K |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.108M | $938.4K |
| Total Long-Term Liabilities | $0.00 | $48.25K |
| Total Liabilities | $1.108M | $986.6K |
| YoY Change | 12.3% | 185.88% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $4.650M | $3.956M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $5.758M | $4.943M |
| YoY Change | 16.49% | 8.01% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.608M | -$1.523M |
| YoY Change | 136.9% | 276.4% |
| Depreciation, Depletion And Amortization | $1.522M | $166.2K |
| YoY Change | 815.74% | 18.81% |
| Cash From Operating Activities | -$5.141M | -$1.263M |
| YoY Change | 306.94% | 55.76% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$5.000K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $1.047M |
| YoY Change | -100.0% | -192.27% |
| Cash From Investing Activities | -$5.000K | $1.047M |
| YoY Change | -100.48% | -184.83% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 2.823M | 1.107M |
| YoY Change | 155.13% | -67.45% |
| NET CHANGE | ||
| Cash From Operating Activities | -5.141M | -1.263M |
| Cash From Investing Activities | -5.000K | 1.047M |
| Cash From Financing Activities | 2.823M | 1.107M |
| Net Change In Cash | -2.323M | 890.3K |
| YoY Change | -360.9% | -34.27% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.141M | -$1.263M |
| Capital Expenditures | -$5.000K | |
| Free Cash Flow | -$5.136M | |
| YoY Change |
Facts In Submission
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|---|---|---|---|---|
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Preferred Stock Value
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