2021 Q2 Form 10-Q Financial Statement
#000149315221018340 Filed on August 03, 2021
Income Statement
| Concept | 2021 Q2 | 2020 Q4 | 2020 Q2 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $679.7K | $790.0K | $1.393M |
| YoY Change | -51.22% | -34.17% | |
| % of Gross Profit | |||
| Research & Development | $31.28K | $10.00K | $113.4K |
| YoY Change | -72.43% | -92.86% | |
| % of Gross Profit | |||
| Depreciation & Amortization | $2.728K | $0.00 | -$2.230K |
| YoY Change | -222.33% | ||
| % of Gross Profit | |||
| Operating Expenses | $31.28K | $760.0K | $1.604M |
| YoY Change | -98.05% | -40.16% | |
| Operating Profit | -$714.8K | ||
| YoY Change | |||
| Interest Expense | -$433.0K | $20.00K | -$9.640K |
| YoY Change | 4391.39% | -300.0% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$1.207M | -$740.0K | -$1.614M |
| YoY Change | -25.21% | -42.19% | |
| Income Tax | -$110.0K | ||
| % Of Pretax Income | |||
| Net Earnings | -$1.207M | -$630.0K | -$1.614M |
| YoY Change | -25.21% | -50.78% | |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.20 | ||
| Diluted Earnings Per Share | -$80.55K | -$48.57K | -$111.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 8.893M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q2 | 2020 Q4 | 2020 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $157.1K | $650.0K | $910.0K |
| YoY Change | -82.74% | ||
| Cash & Equivalents | $157.1K | $653.4K | |
| Short-Term Investments | |||
| Other Short-Term Assets | $229.8K | $240.0K | |
| YoY Change | -4.24% | ||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $9.510K | $10.00K | $0.00 |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $396.4K | $880.0K | $1.160M |
| YoY Change | -65.83% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.154M | $2.100M | $1.970M |
| YoY Change | 9.32% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.043M | $390.0K | $120.0K |
| YoY Change | 768.94% | ||
| Total Long-Term Assets | $3.196M | $2.490M | $2.090M |
| YoY Change | 52.94% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $396.4K | $880.0K | $1.160M |
| Total Long-Term Assets | $3.196M | $2.490M | $2.090M |
| Total Assets | $3.593M | $3.370M | $3.250M |
| YoY Change | 10.55% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.256M | $990.0K | $890.0K |
| YoY Change | 41.08% | ||
| Accrued Expenses | $0.00 | $910.0K | $510.0K |
| YoY Change | -100.0% | ||
| 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 | $3.004M | $1.930M | $1.420M |
| YoY Change | 111.53% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $48.41K | $30.00K | $30.00K |
| YoY Change | 61.37% | ||
| Other Long-Term Liabilities | $270.7K | ||
| YoY Change | |||
| Total Long-Term Liabilities | $319.1K | $30.00K | $30.00K |
| YoY Change | 963.6% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.004M | $1.930M | $1.420M |
| Total Long-Term Liabilities | $319.1K | $30.00K | $30.00K |
| Total Liabilities | $3.323M | $1.960M | $1.450M |
| YoY Change | 129.15% | ||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $7.023M | $5.696M | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $270.0K | $1.403M | $1.790M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.593M | $3.370M | $3.250M |
| YoY Change | 10.55% |
Cashflow Statement
| Concept | 2021 Q2 | 2020 Q4 | 2020 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.207M | -$630.0K | -$1.614M |
| YoY Change | -25.21% | -50.78% | |
| Depreciation, Depletion And Amortization | $2.728K | $0.00 | -$2.230K |
| YoY Change | -222.33% | ||
| Cash From Operating Activities | -$427.7K | -$220.0K | -$339.0K |
| YoY Change | 26.18% | -46.34% | -80.63% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$30.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$170.0K | ||
| YoY Change | -86.82% | ||
| Cash From Investing Activities | -$30.00 | -$170.0K | $0.00 |
| YoY Change | -86.82% | -100.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -95.67K | 610.0K | -10.00K |
| YoY Change | 856.7% | -3150.0% | -100.13% |
| NET CHANGE | |||
| Cash From Operating Activities | -427.7K | -220.0K | -339.0K |
| Cash From Investing Activities | -30.00 | -170.0K | 0.000 |
| Cash From Financing Activities | -95.67K | 610.0K | -10.00K |
| Net Change In Cash | -523.4K | 220.0K | -349.0K |
| YoY Change | 49.99% | -112.79% | -106.06% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$427.7K | -$220.0K | -$339.0K |
| Capital Expenditures | -$30.00 | $0.00 | $0.00 |
| Free Cash Flow | -$427.7K | -$220.0K | -$339.0K |
| YoY Change | 26.17% | -45.0% | -80.52% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
USD | |
| CY2020Q4 | AFGS |
Obligation To Issue Warrants
ObligationToIssueWarrants
|
USD | |
| CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
USD | |
| CY2020Q2 | AFGS |
Accretion Of Interest On Senior Secured Debentures
AccretionOfInterestOnSeniorSecuredDebentures
|
USD | |
| AFGS |
Accretion Of Interest On Senior Secured Debentures
AccretionOfInterestOnSeniorSecuredDebentures
|
USD | ||
| CY2020Q2 | AFGS |
Gain Loss On Extension Of Debt Term
GainLossOnExtensionOfDebtTerm
|
USD | |
| AFGS |
Gain Loss On Extension Of Debt Term
GainLossOnExtensionOfDebtTerm
|
USD | ||
| CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
USD | |
| CY2021Q2 | AFGS |
Stock Issued During Period Value Shares Issued Dividend Preferred Shares
StockIssuedDuringPeriodValueSharesIssuedDividendPreferredShares
|
USD | |
| CY2020Q2 | AFGS |
Stock Issued During Period Value Shares Issued Dividend Preferred Shares
StockIssuedDuringPeriodValueSharesIssuedDividendPreferredShares
|
USD | |
| us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
USD | ||
| us-gaap |
Preferred Stock Shares Authorized Unlimited
PreferredStockSharesAuthorizedUnlimited
|
Unlimited | ||
| CY2020 | us-gaap |
Preferred Stock Shares Authorized Unlimited
PreferredStockSharesAuthorizedUnlimited
|
Unlimited | |
| CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5696050 | USD |
| AFGS |
Stock Issued During Period Value Shares Issued Dividend Preferred Shares
StockIssuedDuringPeriodValueSharesIssuedDividendPreferredShares
|
USD | ||
| AFGS |
Stock Issued During Period Value Shares Issued Dividend Preferred Shares
StockIssuedDuringPeriodValueSharesIssuedDividendPreferredShares
|
USD | ||
| AFGS |
Shares Issued For Debt Term Extension
SharesIssuedForDebtTermExtension
|
USD | ||
| AFGS |
Accretion Of Interest On Senior Secured Debentures
AccretionOfInterestOnSeniorSecuredDebentures
|
USD | ||
| AFGS |
Gain Loss On Extension Of Debt Term
GainLossOnExtensionOfDebtTerm
|
USD | ||
| AFGS |
Proceeds From Issuance Of Senior Secured Debentures
ProceedsFromIssuanceOfSeniorSecuredDebentures
|
USD | ||
| AFGS |
Financing Costs Of Senior Secured Debentures
FinancingCostsOfSeniorSecuredDebentures
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| AFGS |
Fair Value Of Obligation To Issue Warrants In Connection With Senior Secured Debentures
FairValueOfObligationToIssueWarrantsInConnectionWithSeniorSecuredDebentures
|
USD | ||
| AFGS |
Fair Value Of Shares In Connection With Extension Of Senior Secured Debentures
FairValueOfSharesInConnectionWithExtensionOfSeniorSecuredDebentures
|
USD | ||
| CY2020Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
USD | |
| CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
0 | USD |
| CY2021Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P5Y | |
| CY2021Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
6717873 | USD |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
6717873 | USD |
| CY2021Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.20 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.14 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.30 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.27 | ||
| CY2021Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
8892989 | shares |
| CY2020Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7811788 | shares |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
8668881 | shares | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7762577 | shares |
