2022 Q3 Form 10-Q Financial Statement

#000166357722000400 Filed on July 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $872.0K $256.0K $1.800M
YoY Change 657.67% -600.0% 2150.0%
Cost Of Revenue $986.3K $862.4K $686.6K
YoY Change -34.0% 103.55% 128.86%
Gross Profit -$114.3K -$606.4K $1.113M
YoY Change -91.72% 27.7% -606.1%
Gross Profit Margin -13.1% -236.88% 61.86%
Selling, General & Admin $289.7K $370.1K $663.0K
YoY Change -84.29% -16.53% -6.62%
% of Gross Profit 59.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $987.4K $875.7K $699.9K
YoY Change 56.97% 97.79% 136.34%
% of Gross Profit 62.86%
Operating Expenses $289.7K -$421.3K $663.0K
YoY Change -84.29% -18.64% -6.62%
Operating Profit -$404.0K -$1.028M $450.4K
YoY Change -87.47% 3.53% -148.43%
Interest Expense -$240.00 $0.00 $0.00
YoY Change -99.86% -100.0% -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net $0.00 -$142.0K
YoY Change -100.0% 1924.96%
Pretax Income -$404.2K -$1.170M $450.4K
YoY Change -88.97% 8.31% -142.9%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$404.2K -$1.170M $450.4K
YoY Change -88.8% 8.31% -145.04%
Net Earnings / Revenue -46.35% -456.9% 25.02%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.120K -$3.643K $1.523K
COMMON SHARES
Basic Shares Outstanding 362.1M shares 321.0M shares 248.4M shares
Diluted Shares Outstanding 321.0M shares 298.3M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.22K $371.8K $131.7K
YoY Change -36.32% 453.21% -40.16%
Cash & Equivalents $84.22K $371.8K $131.7K
Short-Term Investments
Other Short-Term Assets $13.04K $2.330K $24.48K
YoY Change -3.91% 16.5% 144.8%
Inventory
Prepaid Expenses $13.04K $2.333K
Receivables $8.120K
Other Receivables $0.00
Total Short-Term Assets $97.26K $382.2K $1.172M
YoY Change -88.94% -1.91% 139.28%
LONG-TERM ASSETS
Property, Plant & Equipment $12.70K $13.80K $1.036M
YoY Change -76.36% -89.98% 509.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $927.0K $1.842M $2.411M
YoY Change 19.13% 47.88% 40.17%
Total Long-Term Assets $5.742M $6.438M $6.072M
YoY Change 17.7% 35.32% 34.64%
TOTAL ASSETS
Total Short-Term Assets $97.26K $382.2K $1.172M
Total Long-Term Assets $5.742M $6.438M $6.072M
Total Assets $5.839M $6.820M $7.245M
YoY Change 1.42% 32.5% 44.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $293.8K $333.9K $147.4K
YoY Change 148.39% 261.65% 34.04%
Accrued Expenses $229.8K $229.0K $177.5K
YoY Change 376.49% 220.92% 153.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $954.1K $1.646M $1.231M
YoY Change -13.88% 260.11% 146.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $863.2K $920.9K $903.0K
YoY Change 8929.7%
Total Long-Term Liabilities $863.2K $920.9K $903.0K
YoY Change 8929.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $954.1K $1.646M $1.231M
Total Long-Term Liabilities $863.2K $920.9K $903.0K
Total Liabilities $1.817M $2.567M $2.134M
YoY Change 64.02% 461.54% 318.36%
SHAREHOLDERS EQUITY
Retained Earnings -$8.790M -$8.366M
YoY Change 33.61%
Common Stock $13.02M $12.92M
YoY Change 15.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.022M $4.253M $5.111M
YoY Change
Total Liabilities & Shareholders Equity $5.839M $6.820M $7.245M
YoY Change 1.42% 32.5% 44.9%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$404.2K -$1.170M $450.4K
YoY Change -88.8% 8.31% -145.04%
Depreciation, Depletion And Amortization $987.4K $875.7K $699.9K
YoY Change 56.97% 97.79% 136.34%
Cash From Operating Activities -$1.022M $421.2K -$270.2K
YoY Change -6.96% -155.94% -90.85%
INVESTING ACTIVITIES
Capital Expenditures $280.0K -$280.0K $0.00
YoY Change -5700.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $280.0K -$280.0K $0.00
YoY Change -5700.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 454.1K 98.90K 231.1K
YoY Change -60.96% -83.24% -69.43%
NET CHANGE
Cash From Operating Activities -1.022M 421.2K -270.2K
Cash From Investing Activities 280.0K -280.0K 0.000
Cash From Financing Activities 454.1K 98.90K 231.1K
Net Change In Cash -287.5K 240.1K -39.02K
YoY Change -542.03% -252.1% -95.09%
FREE CASH FLOW
Cash From Operating Activities -$1.022M $421.2K -$270.2K
Capital Expenditures $280.0K -$280.0K $0.00
Free Cash Flow -$1.302M $701.2K -$270.2K
YoY Change 18.53% -192.5% -93.8%

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243500 usd
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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8.37 usd
CY2022Q2 us-gaap Capital
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2.06 usd
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CY2020Q4 us-gaap Increase Decrease In Derivative Assets And Liabilities
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CY2021Q1 ABQQ Decrease From Note Pre Payment
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18439 usd
CY2021Q2 ABQQ Decrease From Note Pre Payment
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CY2021Q3 us-gaap Cash Equivalents At Carrying Value
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CY2022Q2 us-gaap Cash Fdic Insured Amount
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CY2022Q2 us-gaap Operating Leases Rent Expense Net
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82527 usd
CY2021Q2 us-gaap Operating Leases Rent Expense Net
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CY2022Q2 us-gaap Receivable With Imputed Interest Discount
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CY2022Q2 us-gaap Deferred Costs Leasing Net Current
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229014 usd
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DeferredCostsLeasingNetCurrent
48226 usd
CY2022Q2 us-gaap Deferred Costs Leasing Net Noncurrent
DeferredCostsLeasingNetNoncurrent
920900 usd

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