2022 Q1 Form 10-Q Financial Statement
#000149315222013178 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.751M | $1.705M |
| YoY Change | 2.7% | 27.43% |
| Cost Of Revenue | $493.0K | $495.0K |
| YoY Change | -0.4% | 18.99% |
| Gross Profit | $1.258M | $1.210M |
| YoY Change | 3.97% | 31.24% |
| Gross Profit Margin | 71.84% | 70.97% |
| Selling, General & Admin | $1.182M | $1.006M |
| YoY Change | 17.5% | -3.36% |
| % of Gross Profit | 93.96% | 83.14% |
| Research & Development | $198.0K | $178.0K |
| YoY Change | 11.24% | 14.84% |
| % of Gross Profit | 15.74% | 14.71% |
| Depreciation & Amortization | $20.00K | $18.00K |
| YoY Change | 11.11% | 12.5% |
| % of Gross Profit | 1.59% | 1.49% |
| Operating Expenses | $1.380M | $1.184M |
| YoY Change | 16.55% | -1.0% |
| Operating Profit | -$122.0K | $26.00K |
| YoY Change | -569.23% | -109.49% |
| Interest Expense | $0.00 | -$4.000K |
| YoY Change | -100.0% | -60.0% |
| % of Operating Profit | -15.38% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$122.0K | $22.00K |
| YoY Change | -654.55% | -107.75% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$122.0K | $22.00K |
| YoY Change | -654.55% | -107.77% |
| Net Earnings / Revenue | -6.97% | 1.29% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$3.099K | $501.80 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 39.69K shares | |
| Diluted Shares Outstanding | 39.69K shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.784M | $1.974M |
| YoY Change | -9.63% | 39.41% |
| Cash & Equivalents | $1.784M | $1.974M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.059M | $863.0K |
| YoY Change | 22.71% | -5.89% |
| Inventory | $674.0K | $243.0K |
| Prepaid Expenses | ||
| Receivables | $820.0K | $647.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $4.337M | $3.727M |
| YoY Change | 16.37% | 17.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.030M | $729.0K |
| YoY Change | 41.29% | -11.85% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $980.0K | $623.0K |
| YoY Change | 57.3% | -12.38% |
| Total Long-Term Assets | $2.010M | $1.352M |
| YoY Change | 48.67% | -12.09% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.337M | $3.727M |
| Total Long-Term Assets | $2.010M | $1.352M |
| Total Assets | $6.347M | $5.079M |
| YoY Change | 24.97% | 7.88% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $516.0K | $298.0K |
| YoY Change | 73.15% | 19.2% |
| Accrued Expenses | $336.0K | $292.0K |
| YoY Change | 15.07% | 122.9% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $0.00 | |
| YoY Change | ||
| Total Short-Term Liabilities | $4.539M | $3.798M |
| YoY Change | 19.51% | 2.68% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $2.361M | $1.764M |
| YoY Change | 33.84% | -7.84% |
| Total Long-Term Liabilities | $2.361M | $1.764M |
| YoY Change | 33.84% | -7.84% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.539M | $3.798M |
| Total Long-Term Liabilities | $2.361M | $1.764M |
| Total Liabilities | $6.908M | $5.567M |
| YoY Change | 24.09% | -0.8% |
| 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 | -$561.0K | -$488.0K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $6.347M | $5.079M |
| YoY Change | 24.97% | 7.88% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$122.0K | $22.00K |
| YoY Change | -654.55% | -107.77% |
| Depreciation, Depletion And Amortization | $20.00K | $18.00K |
| YoY Change | 11.11% | 12.5% |
| Cash From Operating Activities | $221.0K | $68.00K |
| YoY Change | 225.0% | -71.31% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$159.0K | -$8.000K |
| YoY Change | 1887.5% | -91.11% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$159.0K | -$8.000K |
| YoY Change | 1887.5% | -91.11% |
| 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 | -149.0K |
| YoY Change | -100.0% | -777.27% |
| NET CHANGE | ||
| Cash From Operating Activities | 221.0K | 68.00K |
| Cash From Investing Activities | -159.0K | -8.000K |
| Cash From Financing Activities | 0.000 | -149.0K |
| Net Change In Cash | 62.00K | -89.00K |
| YoY Change | -169.66% | -152.66% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $221.0K | $68.00K |
| Capital Expenditures | -$159.0K | -$8.000K |
| Free Cash Flow | $380.0K | $76.00K |
| YoY Change | 400.0% | -76.76% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | ACFN |
Finance Income Expense Net
FinanceIncomeExpenseNet
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
USD | |
| CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2022Q1 | ACFN |
Weighted Average Number Of Shares Outstanding Warrants
WeightedAverageNumberOfSharesOutstandingWarrants
|
shares | |
| CY2022Q1 | ACFN |
Weighted Average Number Of Shares Outstanding Stock Option
WeightedAverageNumberOfSharesOutstandingStockOption
|
shares | |
| CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2022Q1 | ACFN |
Share Based Compensation Arrangement By Share Based Payment Award Option Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionForfeituresAndExpirationsInPeriod
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
||
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
shares | |
| CY2022Q1 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Two
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearTwo
|
572000 | USD |
| CY2022Q1 | ACFN |
Contract With Customer Liability Recognized Cost Of Sales In Year Three
ContractWithCustomerLiabilityRecognizedCostOfSalesInYearThree
|
225000 | USD |
