2024 Q3 Form 10-Q Financial Statement

#000168316824005682 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $14.41K $10.97K
YoY Change -24.43% -35.74%
Cost Of Revenue $21.33K $23.29K
YoY Change 9.07% 20.69%
Gross Profit -$6.925K -$12.32K
YoY Change 1304.67% 452.85%
Gross Profit Margin -48.07% -112.32%
Selling, General & Admin $1.093M $921.1K
YoY Change 13.47% -20.18%
% of Gross Profit
Research & Development $195.8K $202.1K
YoY Change -1.24% -19.16%
% of Gross Profit
Depreciation & Amortization $45.76K
YoY Change 13.16%
% of Gross Profit
Operating Expenses $1.289M $1.123M
YoY Change 10.96% -20.0%
Operating Profit -$1.296M -$1.136M
YoY Change 11.51% -19.25%
Interest Expense -$102.5K
YoY Change -317.42%
% of Operating Profit
Other Income/Expense, Net -$70.22K -$102.5K
YoY Change -142.77% 75.67%
Pretax Income -$1.366M -$1.238M
YoY Change 36.89% -15.46%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.366M -$1.238M
YoY Change 36.89% -15.46%
Net Earnings / Revenue -9482.72% -11285.0%
Basic Earnings Per Share -$0.15 -$0.15
Diluted Earnings Per Share -$0.15 -$0.15
COMMON SHARES
Basic Shares Outstanding 8.611M shares 8.204M shares
Diluted Shares Outstanding 9.438M shares 8.217M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.223M
YoY Change 103.78%
Cash & Equivalents $1.312M $1.173M
Short-Term Investments $50.00K
Other Short-Term Assets $609.4K
YoY Change 238.53%
Inventory
Prepaid Expenses
Receivables $16.95K $19.71K
Other Receivables $0.00
Total Short-Term Assets $1.897M $1.852M
YoY Change 419.89% 132.02%
LONG-TERM ASSETS
Property, Plant & Equipment $892.00 $1.189K
YoY Change -56.76% -49.23%
Goodwill
YoY Change
Intangibles $1.290M $1.236M
YoY Change 9.66% 2.64%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.291M $1.237M
YoY Change 9.54% 2.54%
TOTAL ASSETS
Total Short-Term Assets $1.897M $1.852M
Total Long-Term Assets $1.291M $1.237M
Total Assets $3.188M $3.089M
YoY Change 106.58% 54.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $331.8K $179.1K
YoY Change -51.65% -70.52%
Accrued Expenses $448.0K
YoY Change 191.26%
Deferred Revenue
YoY Change
Short-Term Debt $777.1K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $678.3K $1.447M
YoY Change -71.4% -27.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $678.3K $1.447M
Total Long-Term Liabilities $0.00
Total Liabilities $678.3K $1.447M
YoY Change -71.38% -27.3%
SHAREHOLDERS EQUITY
Retained Earnings -$49.27M -$47.92M
YoY Change 14.54% 14.04%
Common Stock $100.00 $82.00
YoY Change 21.95% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.510M $1.642M
YoY Change
Total Liabilities & Shareholders Equity $3.188M $3.089M
YoY Change 106.58% 54.1%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.366M -$1.238M
YoY Change 36.89% -15.46%
Depreciation, Depletion And Amortization $45.76K
YoY Change 13.16%
Cash From Operating Activities -$1.055M
YoY Change 11.29%
INVESTING ACTIVITIES
Capital Expenditures $93.82K
YoY Change 54.03%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$93.82K
YoY Change 54.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 188.4K
YoY Change -83.82%
NET CHANGE
Cash From Operating Activities -1.055M
Cash From Investing Activities -93.82K
Cash From Financing Activities 188.4K
Net Change In Cash -959.9K
YoY Change -713.15%
FREE CASH FLOW
Cash From Operating Activities -$1.055M
Capital Expenditures $93.82K
Free Cash Flow -$1.148M
YoY Change 13.87%

Facts In Submission

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us-gaap Derivatives Reporting Of Derivative Activity
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CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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