2021 Q3 Form 10-Q Financial Statement
#000121390021059317 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| Revenue | $99.00K | $62.19K | $115.6K |
| YoY Change | -14.32% | -37.79% | -41.56% |
| Cost Of Revenue | $390.00 | $1.900K | $8.620K |
| YoY Change | -95.48% | -23.69% | 207.86% |
| Gross Profit | $98.61K | $60.29K | $106.9K |
| YoY Change | -7.78% | -38.15% | -45.14% |
| Gross Profit Margin | 99.61% | 96.94% | 92.54% |
| Selling, General & Admin | $1.806M | $4.728M | $1.262M |
| YoY Change | 43.06% | 396.77% | 21.21% |
| % of Gross Profit | 1831.19% | 7841.48% | 1180.4% |
| Research & Development | $263.4K | $180.0K | $134.5K |
| YoY Change | 95.85% | -33.23% | -50.04% |
| % of Gross Profit | 267.13% | 298.56% | 125.78% |
| Depreciation & Amortization | $2.860K | $6.810K | $8.730K |
| YoY Change | -67.24% | -39.2% | -38.78% |
| % of Gross Profit | 2.9% | 11.3% | 8.16% |
| Operating Expenses | $2.069M | $4.911M | $1.397M |
| YoY Change | 48.15% | 302.12% | 6.57% |
| Operating Profit | -$1.971M | -$4.851M | -$1.290M |
| YoY Change | 52.78% | 331.63% | 15.61% |
| Interest Expense | -$127.1K | -$200.9K | -$883.4K |
| YoY Change | -85.61% | 68.28% | 417.7% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $135.8K | $4.460K | $5.800K |
| YoY Change | 2240.52% | -95.55% | 13.06% |
| Pretax Income | -$1.962M | -$5.056M | -$2.176M |
| YoY Change | -9.83% | 342.29% | 69.84% |
| Income Tax | -$75.67K | -$86.41K | -$44.74K |
| % Of Pretax Income | |||
| Net Earnings | -$1.806M | -$4.848M | -$1.846M |
| YoY Change | -2.14% | 349.89% | 51.96% |
| Net Earnings / Revenue | -1824.74% | -7795.92% | -1597.62% |
| Basic Earnings Per Share | -$0.07 | ||
| Diluted Earnings Per Share | -$67.20K | -$237.6K | -$94.73K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 26.88M shares | ||
| Diluted Shares Outstanding | 26.88M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.827M | $4.273M | $135.7K |
| YoY Change | 2719.93% | 2861.34% | -86.9% |
| Cash & Equivalents | $3.716M | $5.001M | $135.7K |
| Short-Term Investments | $111.3K | ||
| Other Short-Term Assets | $2.190M | $116.8K | |
| YoY Change | 1775.16% | 54.55% | |
| Inventory | $60.01K | $0.00 | |
| Prepaid Expenses | |||
| Receivables | $473.2K | $303.2K | $292.8K |
| Other Receivables | $561.1K | $696.3K | $632.5K |
| Total Short-Term Assets | $7.111M | $6.173M | $1.178M |
| YoY Change | 503.76% | 602.88% | -31.03% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.082M | $2.288M | $2.349M |
| YoY Change | -11.37% | 118.83% | 169.28% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $1.007M | $1.191M | $1.192M |
| YoY Change | -15.56% | -64.61% | -63.55% |
| Other Assets | $2.155M | $1.955M | $1.810M |
| YoY Change | 19.05% | 19.26% | 16.46% |
| Total Long-Term Assets | $5.244M | $5.434M | $5.352M |
| YoY Change | -2.01% | -10.18% | -6.07% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $7.111M | $6.173M | $1.178M |
| Total Long-Term Assets | $5.244M | $5.434M | $5.352M |
| Total Assets | $12.35M | $11.61M | $6.529M |
| YoY Change | 89.22% | 67.54% | -11.82% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $16.50K | $23.04K | $23.07K |
| YoY Change | -28.48% | -4.0% | 72.42% |
| Accrued Expenses | $1.476M | $2.435M | $3.043M |
| YoY Change | -51.49% | 5.33% | 50.2% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $1.637M | $1.836M | $1.926M |
| YoY Change | -14.98% | -35.33% | -31.28% |
| Long-Term Debt Due | $0.00 | $250.0K | $500.0K |
| YoY Change | -100.0% | -79.18% | 83.45% |
| Total Short-Term Liabilities | $3.439M | $4.844M | $6.046M |
| YoY Change | -43.12% | -28.91% | 2.85% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $104.2K | $2.624M | $124.4K |
| YoY Change | -16.26% | -81.91% | |
| Other Long-Term Liabilities | $1.222M | $1.476M | $1.551M |
| YoY Change | -21.22% | 518.96% | 1319.55% |
| Total Long-Term Liabilities | $1.326M | $4.100M | $1.676M |
| YoY Change | -20.86% | 1619.61% | 110.31% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.439M | $4.844M | $6.046M |
| Total Long-Term Liabilities | $1.326M | $4.100M | $1.676M |
| Total Liabilities | $3.761M | $8.168M | $7.066M |
| YoY Change | -46.77% | 15.39% | 4.85% |
| 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 | $8.594M | $3.438M | -$536.4K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $12.35M | $11.61M | $6.529M |
| YoY Change | 89.22% | 67.54% | -11.82% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.806M | -$4.848M | -$1.846M |
| YoY Change | -2.14% | 349.89% | 51.96% |
| Depreciation, Depletion And Amortization | $2.860K | $6.810K | $8.730K |
| YoY Change | -67.24% | -39.2% | -38.78% |
| Cash From Operating Activities | -$2.684M | -$2.188M | -$328.8K |
| YoY Change | 716.44% | 46.28% | 35.75% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$17.50K | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$324.9K | $107.1K | -$365.8K |
| YoY Change | -11.19% | -48786.36% | 2494.61% |
| Cash From Investing Activities | -$342.4K | $107.1K | -$365.8K |
| YoY Change | -6.4% | -48786.36% | 2494.61% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 5.817M | 6.869M | 443.7K |
| YoY Change | 1211.19% | 1036.79% | -40.98% |
| NET CHANGE | |||
| Cash From Operating Activities | -2.684M | -2.188M | -328.8K |
| Cash From Investing Activities | -342.4K | 107.1K | -365.8K |
| Cash From Financing Activities | 5.817M | 6.869M | 443.7K |
| Net Change In Cash | 2.791M | 4.788M | -251.0K |
| YoY Change | -1211.97% | -636.91% | -150.66% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.684M | -$2.188M | -$328.8K |
| Capital Expenditures | -$17.50K | ||
| Free Cash Flow | -$2.667M | ||
| YoY Change |
Facts In Submission
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|---|---|---|---|---|
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