2022 Q1 Form 10-Q Financial Statement
#000121390022026590 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.463M | $2.790M |
| YoY Change | -11.73% | 125.0% |
| % of Gross Profit | ||
| Research & Development | $596.3K | $2.050M |
| YoY Change | -70.91% | 93.4% |
| % of Gross Profit | ||
| Depreciation & Amortization | $2.070K | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $3.059M | $4.840M |
| YoY Change | -36.8% | 110.43% |
| Operating Profit | -$3.059M | |
| YoY Change | ||
| Interest Expense | $5.120K | $0.00 |
| YoY Change | -100.0% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $146.0K | $10.00K |
| YoY Change | 1360.0% | |
| Pretax Income | -$2.908M | -$4.830M |
| YoY Change | -39.8% | 111.84% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.908M | -$4.834M |
| YoY Change | -39.84% | 112.01% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.13 | |
| Diluted Earnings Per Share | -$125.6K | -$303.6K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 23.15M shares | |
| Diluted Shares Outstanding | 23.15M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $12.69M | $5.640M |
| YoY Change | 124.99% | 13.94% |
| Cash & Equivalents | $12.69M | $5.640M |
| Short-Term Investments | ||
| Other Short-Term Assets | $275.8K | $530.0K |
| YoY Change | -47.96% | -45.92% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $12.96M | $6.170M |
| YoY Change | 110.13% | 3.87% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $289.8K | $310.0K |
| YoY Change | -6.52% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $998.7K | $2.460M |
| YoY Change | -59.4% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $12.96M | $6.170M |
| Total Long-Term Assets | $998.7K | $2.460M |
| Total Assets | $13.96M | $8.630M |
| YoY Change | 61.8% | 45.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $415.1K | $640.0K |
| YoY Change | -35.14% | 220.0% |
| Accrued Expenses | $1.746M | $1.380M |
| YoY Change | 26.53% | 626.32% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $30.00K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.171M | $2.040M |
| YoY Change | 6.43% | 423.08% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.062M | $970.0K |
| YoY Change | 9.46% | |
| Total Long-Term Liabilities | $1.062M | $970.0K |
| YoY Change | 9.46% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.171M | $2.040M |
| Total Long-Term Liabilities | $1.062M | $970.0K |
| Total Liabilities | $3.256M | $3.010M |
| YoY Change | 8.18% | 671.79% |
| 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 | $10.71M | $5.618M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $13.96M | $8.630M |
| YoY Change | 61.8% | 45.29% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.908M | -$4.834M |
| YoY Change | -39.84% | 112.01% |
| Depreciation, Depletion And Amortization | $2.070K | $0.00 |
| YoY Change | ||
| Cash From Operating Activities | -$2.497M | -$2.840M |
| YoY Change | -12.09% | 55.19% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$30.00K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $30.00K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $0.00 | |
| 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 | 9.124M | 4.080M |
| YoY Change | 123.62% | |
| NET CHANGE | ||
| Cash From Operating Activities | -2.497M | -2.840M |
| Cash From Investing Activities | 0.000 | |
| Cash From Financing Activities | 9.124M | 4.080M |
| Net Change In Cash | $0.00 | 1.240M |
| YoY Change | -100.0% | -167.76% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.497M | -$2.840M |
| Capital Expenditures | -$30.00K | |
| Free Cash Flow | -$2.497M | -$2.810M |
| YoY Change | -11.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
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Net Cash Provided By Used In Investing Activities
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Proceeds From Warrant Exercises
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Interest Paid Net
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Noncash Cost Of Commitment Shares
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Unvested Restricted Stock Awards
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Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included I Additions
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Accrued Royalties Current
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|
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