2023 Q1 Form 10-Q Financial Statement

#000149315223004371 Filed on February 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2020 Q3 2020 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $40.00K
YoY Change 33.51%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $35.56K $16.32K
YoY Change 18.68% -98.34%
Operating Profit -$16.32K
YoY Change -98.34%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$35.56K -$16.32K
YoY Change 18.68% -98.34%
Income Tax
% Of Pretax Income
Net Earnings -$35.56K -$16.32K
YoY Change 18.68% -98.34%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 604.0M shares 604.0M shares 604.0M shares
Diluted Shares Outstanding 604.0M shares

Balance Sheet

Concept 2023 Q1 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory $168.3K $168.3K
Prepaid Expenses $36.44K $36.44K
Receivables $4.604K $4.604K
Other Receivables $381.0K $381.0K
Total Short-Term Assets $2.158M $2.158M
YoY Change 97.06% 73.73%
LONG-TERM ASSETS
Property, Plant & Equipment $810.7K $810.7K
YoY Change 24.0% 17.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $0.00 $1.615M $1.615M
YoY Change 147.05% 133.34%
TOTAL ASSETS
Total Short-Term Assets $2.158M $2.158M
Total Long-Term Assets $0.00 $1.615M $1.615M
Total Assets $3.773M $3.773M
YoY Change 115.75% 95.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.4K $105.4K
YoY Change -6.86% 141.87%
Accrued Expenses $10.00K
YoY Change -99.41%
Deferred Revenue
YoY Change
Short-Term Debt $90.00K
YoY Change -98.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $98.48K $7.496M $7.479M
YoY Change -98.7% 41.1% 62.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $796.8K $796.8K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.48K $7.496M $7.479M
Total Long-Term Liabilities $0.00 $796.8K $796.8K
Total Liabilities $98.48K $8.292M $8.276M
YoY Change -98.82% 56.1% 79.5%
SHAREHOLDERS EQUITY
Retained Earnings -$1.034M -$5.522M -$5.506M
YoY Change
Common Stock $604.0K $604.0K $604.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$98.48K -$4.520M -$4.503M
YoY Change
Total Liabilities & Shareholders Equity $3.773M $3.773M
YoY Change 115.75% 95.07%

Cashflow Statement

Concept 2023 Q1 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$35.56K -$16.32K
YoY Change 18.68% -98.34%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$26.96K
YoY Change -15.31%
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 $26.96K
YoY Change -15.31%
NET CHANGE
Cash From Operating Activities -$26.96K
Cash From Investing Activities
Cash From Financing Activities $26.96K
Net Change In Cash $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$26.96K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_848_eus-gaap--UseOfEstimates_zKdayzxBdO78" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86B_zYBhCR5jBao1">Use of Estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of inventory, and recoverability of carrying amount, and the estimated useful lives of long-lived assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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Files In Submission

Name View Source Status
0001493152-23-004371-index-headers.html Edgar Link pending
0001493152-23-004371-index.html Edgar Link pending
0001493152-23-004371.txt Edgar Link pending
0001493152-23-004371-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
ssdt-20200930.xsd Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
ssdt-20200930_def.xml Edgar Link unprocessable
ssdt-20200930_cal.xml Edgar Link unprocessable
ssdt-20200930_lab.xml Edgar Link unprocessable
ssdt-20200930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed