2022 Q3 Form 10-Q Financial Statement

#000156459022029122 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.770M $2.866M $2.838M
YoY Change 31.78% 38.12% 21.28%
% of Gross Profit
Research & Development $9.869M $7.207M $4.388M
YoY Change 114.96% -21.89% -22.23%
% of Gross Profit
Depreciation & Amortization $55.00K $56.00K $60.00K
YoY Change -9.84% -16.42% 0.0%
% of Gross Profit
Operating Expenses $9.869M $7.207M $7.226M
YoY Change 47.45% -21.89% 28.08%
Operating Profit
YoY Change
Interest Expense $481.0K $404.0K $357.0K
YoY Change 15933.33% 13366.67% 3470.0%
% of Operating Profit
Other Income/Expense, Net -$438.0K -$395.0K $6.000K
YoY Change 43700.0% 4288.89% -140.0%
Pretax Income -$13.08M -$10.47M -$7.573M
YoY Change 95.44% -7.45% -5.34%
Income Tax
% Of Pretax Income
Net Earnings -$13.08M -$10.47M -$7.573M
YoY Change 95.44% -7.45% -5.33%
Net Earnings / Revenue
Basic Earnings Per Share -$1.35 -$1.08 -$0.80
Diluted Earnings Per Share -$1.35 -$1.08 -$800.6K
COMMON SHARES
Basic Shares Outstanding 9.682M 9.648M 9.459M
Diluted Shares Outstanding 9.694M 9.648M 9.459M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.20M $29.38M $36.34M
YoY Change -45.37% -30.05% 22.76%
Cash & Equivalents $18.20M $29.40M $36.30M
Short-Term Investments
Other Short-Term Assets $2.615M $1.457M $1.355M
YoY Change 105.91% 238.84% 69.38%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $20.96M $31.15M $37.69M
YoY Change -39.66% -26.59% 23.83%
LONG-TERM ASSETS
Property, Plant & Equipment $18.00K $33.00K $49.00K
YoY Change -82.0% 22.22% 48.48%
Goodwill $1.034M $1.034M $1.034M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $239.0K $240.0K $253.0K
YoY Change 1.7% 5.73% 26.5%
Total Long-Term Assets $2.766M $2.837M $2.922M
YoY Change -9.78% -9.48% -10.4%
TOTAL ASSETS
Total Short-Term Assets $20.96M $31.15M $37.69M
Total Long-Term Assets $2.766M $2.837M $2.922M
Total Assets $23.72M $33.99M $40.61M
YoY Change -37.24% -25.41% 20.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $412.0K $656.0K $418.0K
YoY Change -49.45% 14.09% -30.33%
Accrued Expenses $6.504M $4.703M $3.592M
YoY Change 187.66% 14.85% 23.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.916M $5.359M $4.010M
YoY Change 124.84% 14.75% 14.57%
LONG-TERM LIABILITIES
Long-Term Debt $15.76M $15.46M $15.17M
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Long-Term Liabilities $15.76M $15.46M $15.17M
YoY Change 68434.78% 37607.32% 15071.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.916M $5.359M $4.010M
Total Long-Term Liabilities $15.76M $15.46M $15.17M
Total Liabilities $22.68M $20.82M $19.18M
YoY Change 631.82% 341.92% 436.68%
SHAREHOLDERS EQUITY
Retained Earnings -$124.7M -$111.6M -$101.2M
YoY Change 44.33% 40.03%
Common Stock $125.7M $124.8M
YoY Change 3.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.044M $13.17M $21.43M
YoY Change
Total Liabilities & Shareholders Equity $23.72M $33.99M $40.61M
YoY Change -37.24% -25.41% 20.52%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$13.08M -$10.47M -$7.573M
YoY Change 95.44% -7.45% -5.33%
Depreciation, Depletion And Amortization $55.00K $56.00K $60.00K
YoY Change -9.84% -16.42% 0.0%
Cash From Operating Activities -$11.31M -$8.320M -$6.800M
YoY Change 30.06% -8.35% 5.39%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 126.0K 1.361M 95.00K
YoY Change 1475.0% -93.65% -59.75%
NET CHANGE
Cash From Operating Activities -11.31M -8.320M -6.800M
Cash From Investing Activities
Cash From Financing Activities 126.0K 1.361M 95.00K
Net Change In Cash -11.18M -6.959M -6.685M
YoY Change 28.72% -156.32% 7.55%
FREE CASH FLOW
Cash From Operating Activities -$11.31M -$8.320M -$6.800M
Capital Expenditures
Free Cash Flow
YoY Change

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