2021 Q3 Form 10-Q Financial Statement
#000149315221028535 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.148M | $690.0K |
| YoY Change | 211.25% | -44.35% |
| % of Gross Profit | ||
| Research & Development | $116.9K | $0.00 |
| YoY Change | -100.0% | |
| % of Gross Profit | ||
| Depreciation & Amortization | $2.290K | $10.00K |
| YoY Change | -77.1% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | $2.381M | $980.0K |
| YoY Change | 142.94% | -35.53% |
| Operating Profit | -$2.381M | |
| YoY Change | ||
| Interest Expense | $113.1K | $10.00K |
| YoY Change | 1031.2% | -50.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $443.8K | |
| YoY Change | ||
| Pretax Income | -$1.824M | -$970.0K |
| YoY Change | 88.0% | -35.33% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.824M | -$970.0K |
| YoY Change | 88.0% | -35.33% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.14 | |
| Diluted Earnings Per Share | -$126.8K | -$74.79K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 14.38M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $9.835M | $450.0K |
| YoY Change | 2085.45% | |
| Cash & Equivalents | $9.835M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $479.9K | $150.0K |
| YoY Change | 219.92% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $31.55K | $10.00K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $10.35M | $620.0K |
| YoY Change | 1568.7% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.108M | $2.010M |
| YoY Change | 4.88% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | $130.0K |
| YoY Change | -100.0% | |
| Total Long-Term Assets | $3.578M | $2.130M |
| YoY Change | 67.98% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $10.35M | $620.0K |
| Total Long-Term Assets | $3.578M | $2.130M |
| Total Assets | $13.92M | $2.750M |
| YoY Change | 406.33% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $197.2K | $950.0K |
| YoY Change | -79.24% | |
| Accrued Expenses | $813.9K | $570.0K |
| YoY Change | 42.78% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.830M | $1.540M |
| YoY Change | 18.86% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $47.09K | $30.00K |
| YoY Change | 56.97% | |
| Other Long-Term Liabilities | $1.843M | |
| YoY Change | ||
| Total Long-Term Liabilities | $1.890M | $30.00K |
| YoY Change | 6199.97% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.830M | $1.540M |
| Total Long-Term Liabilities | $1.890M | $30.00K |
| Total Liabilities | $3.720M | $1.570M |
| YoY Change | 136.97% | |
| 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 | $10.20M | $1.180M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $13.92M | $2.750M |
| YoY Change | 406.33% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.824M | -$970.0K |
| YoY Change | 88.0% | -35.33% |
| Depreciation, Depletion And Amortization | $2.290K | $10.00K |
| YoY Change | -77.1% | 0.0% |
| Cash From Operating Activities | -$2.218M | -$440.0K |
| YoY Change | 404.04% | -79.53% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$240.7K | $0.00 |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$744.2K | |
| YoY Change | ||
| Cash From Investing Activities | -$984.9K | $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 | 13.02M | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -2.218M | -440.0K |
| Cash From Investing Activities | -984.9K | 0.000 |
| Cash From Financing Activities | 13.02M | 0.000 |
| Net Change In Cash | 9.820M | -440.0K |
| YoY Change | -2331.89% | -79.44% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.218M | -$440.0K |
| Capital Expenditures | -$240.7K | $0.00 |
| Free Cash Flow | -$1.977M | -$440.0K |
| YoY Change | 349.34% | -79.53% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
USD | |
| CY2021Q3 | AFGS |
Deferred Ipo Costs
DeferredIpoCosts
|
USD | |
| CY2020Q4 | AFGS |
Contingent Consideration Payable
ContingentConsiderationPayable
|
USD | |
| CY2020Q4 | AFGS |
Warrants Liabilities
WarrantsLiabilities
|
USD | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
| CY2021Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
| CY2020Q3 | AFGS |
Accretion Of Interest On Senior Secured Debentures
AccretionOfInterestOnSeniorSecuredDebentures
|
USD | |
| AFGS |
Accretion Of Interest On Senior Secured Debentures
AccretionOfInterestOnSeniorSecuredDebentures
|
USD | ||
| CY2020Q3 | AFGS |
Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
|
USD | |
| AFGS |
Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
|
USD | ||
| CY2020Q3 | AFGS |
Issuance Cost Related To Warrants
IssuanceCostRelatedToWarrants
|
USD | |
| AFGS |
Issuance Cost Related To Warrants
IssuanceCostRelatedToWarrants
|
USD | ||
| CY2020Q3 | AFGS |
Gain Loss On Extension Of Debt Term
GainLossOnExtensionOfDebtTerm
|
USD | |
| AFGS |
Gain Loss On Extension Of Debt Term
GainLossOnExtensionOfDebtTerm
|
USD | ||
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2020Q3 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
USD | |
| CY2021Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| CY2021Q3 | AFGS |
Stock Issued During Period Value Shares Issued Dividend Preferred Shares
StockIssuedDuringPeriodValueSharesIssuedDividendPreferredShares
|
USD | |
| us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | ||
| AFGS |
Shares Issued On Cashless Exercise Of Options
SharesIssuedOnCashlessExerciseOfOptions
|
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 |
Gain Loss On Extension Of Debt Term
GainLossOnExtensionOfDebtTerm
|
USD | ||
| AFGS |
Issuance Cost Related To Warrants
IssuanceCostRelatedToWarrants
|
USD | ||
| AFGS |
Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
|
USD | ||
| AFGS |
Accretion Of Interest On Senior Secured Debentures
AccretionOfInterestOnSeniorSecuredDebentures
|
USD | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
USD | ||
| us-gaap |
Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
|
USD | ||
| us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
USD | ||
| AFGS |
Proceeds From Issuance Of Senior Secured Debentures
ProceedsFromIssuanceOfSeniorSecuredDebentures
|
USD | ||
| AFGS |
Financing Costs Of Senior Secured Debentures
FinancingCostsOfSeniorSecuredDebentures
|
USD | ||
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
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 Warrants Liability
FairValueOfWarrantsLiability
|
USD | ||
| AFGS |
Unpaid Amount Related To Construction In Progress
UnpaidAmountRelatedToConstructionInProgress
|
USD | ||
| AFGS |
Unpaid Initial Public Offering Costs
UnpaidInitialPublicOfferingCosts
|
USD | ||
| AFGS |
Unpaid Amount Related To Intangible Assets Included In Accrued Expenses
UnpaidAmountRelatedToIntangibleAssetsIncludedInAccruedExpenses
|
USD | ||
| CY2020Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
USD | |
| CY2020Q4 | AFGS |
Others Office Lease Deposit
OthersOfficeLeaseDeposit
|
USD | |
| CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y | |
| CY2021Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P5Y | |
| CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y | |
| CY2021Q3 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P5Y | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y | ||
| us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
|
P5Y | ||
| CY2021Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3.99 | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
6717873 | USD |
| CY2021Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.14 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.12 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.46 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.39 |
