2021 Q3 Form 10-Q Financial Statement
#000149315221027749 Filed on November 10, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $1.706M | $1.517M |
| YoY Change | 12.46% | 9.45% |
| Cost Of Revenue | $464.0K | $440.0K |
| YoY Change | 5.45% | -5.17% |
| Gross Profit | $1.242M | $1.077M |
| YoY Change | 15.32% | 16.81% |
| Gross Profit Margin | 72.8% | 71.0% |
| Selling, General & Admin | $1.038M | $940.0K |
| YoY Change | 10.43% | 3.07% |
| % of Gross Profit | 83.57% | 87.28% |
| Research & Development | $179.0K | $160.0K |
| YoY Change | 11.88% | 16.79% |
| % of Gross Profit | 14.41% | 14.86% |
| Depreciation & Amortization | $19.00K | $0.00 |
| YoY Change | -100.0% | |
| % of Gross Profit | 1.53% | 0.0% |
| Operating Expenses | $1.217M | $1.100M |
| YoY Change | 10.64% | 4.86% |
| Operating Profit | $25.00K | -$23.00K |
| YoY Change | -208.7% | -81.89% |
| Interest Expense | $0.00 | -$8.000K |
| YoY Change | -100.0% | -233.33% |
| % of Operating Profit | 0.0% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $25.00K | -$31.00K |
| YoY Change | -180.65% | -74.38% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $23.00K | -$32.00K |
| YoY Change | -171.88% | -73.55% |
| Net Earnings / Revenue | 1.35% | -2.11% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $575.60 | -$806.30 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 39.69M shares | |
| Diluted Shares Outstanding | 39.96M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.016M | $1.966M |
| YoY Change | 2.54% | 46.94% |
| Cash & Equivalents | $2.016M | $1.966M |
| Short-Term Investments | ||
| Other Short-Term Assets | $930.0K | $923.0K |
| YoY Change | 0.76% | -18.53% |
| Inventory | $477.0K | $299.0K |
| Prepaid Expenses | ||
| Receivables | $792.0K | $732.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $4.215M | $3.920M |
| YoY Change | 7.53% | 9.19% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $856.0K | $782.0K |
| YoY Change | 9.46% | 562.71% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $787.0K | $670.0K |
| YoY Change | 17.46% | -13.44% |
| Total Long-Term Assets | $1.643M | $1.452M |
| YoY Change | 13.15% | 62.78% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.215M | $3.920M |
| Total Long-Term Assets | $1.643M | $1.452M |
| Total Assets | $5.858M | $5.372M |
| YoY Change | 9.05% | 19.86% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $383.0K | $273.0K |
| YoY Change | 40.29% | 7.91% |
| Accrued Expenses | $331.0K | $152.0K |
| YoY Change | 117.76% | -23.23% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $171.0K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $0.00 | $256.0K |
| YoY Change | -100.0% | 79.02% |
| Total Short-Term Liabilities | $4.202M | $4.284M |
| YoY Change | -1.91% | 20.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $207.0K |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $2.069M | $1.830M |
| YoY Change | 13.06% | 22.24% |
| Total Long-Term Liabilities | $2.069M | $2.037M |
| YoY Change | 1.57% | 36.07% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.202M | $4.284M |
| Total Long-Term Liabilities | $2.069M | $2.037M |
| Total Liabilities | $6.278M | $6.320M |
| YoY Change | -0.66% | 24.7% |
| 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 | -$420.0K | -$948.0K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $5.858M | $5.372M |
| YoY Change | 9.05% | 19.86% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $23.00K | -$32.00K |
| YoY Change | -171.88% | -73.55% |
| Depreciation, Depletion And Amortization | $19.00K | $0.00 |
| YoY Change | -100.0% | |
| Cash From Operating Activities | $240.0K | $222.0K |
| YoY Change | 8.11% | -143.53% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$179.0K | -$6.000K |
| YoY Change | 2883.33% | -90.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$179.0K | -$6.000K |
| YoY Change | 2883.33% | -99.41% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | -10.00K |
| YoY Change | -100.0% | -85.29% |
| NET CHANGE | ||
| Cash From Operating Activities | 240.0K | 222.0K |
| Cash From Investing Activities | -179.0K | -6.000K |
| Cash From Financing Activities | 0.000 | -10.00K |
| Net Change In Cash | 61.00K | 206.0K |
| YoY Change | -70.39% | -112.97% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $240.0K | $222.0K |
| Capital Expenditures | -$179.0K | -$6.000K |
| Free Cash Flow | $419.0K | $228.0K |
| YoY Change | 83.77% | -150.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Debt Current
DebtCurrent
|
USD | |
| CY2021Q3 | ACFN |
Finance Income Expense Net
FinanceIncomeExpenseNet
|
USD | |
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q2 | ACFN |
Value Of Expired Warrants
ValueOfExpiredWarrants
|
USD | |
| ACFN |
Proceeds From Loan
ProceedsFromLoan
|
USD | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | ||
| ACFN |
Weighted Average Number Of Shares Outstanding Warrants
WeightedAverageNumberOfSharesOutstandingWarrants
|
shares | ||
| CY2020Q3 | ACFN |
Weighted Average Number Of Shares Outstanding Warrants
WeightedAverageNumberOfSharesOutstandingWarrants
|
shares | |
| ACFN |
Weighted Average Number Of Shares Outstanding Stock Option
WeightedAverageNumberOfSharesOutstandingStockOption
|
shares | ||
| CY2020Q3 | ACFN |
Weighted Average Number Of Shares Outstanding Stock Option
WeightedAverageNumberOfSharesOutstandingStockOption
|
shares | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
|||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0053 | pure | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | ||
| CY2020Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
USD | |
| CY2021Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
471000 | USD |
| CY2021Q3 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Two
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearTwo
|
459000 | USD |
| CY2021Q3 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Three
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearThree
|
178000 | USD |
