2023 Q4 Form 10-Q Financial Statement

#000182912623007347 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $8.648M $4.520M $24.95M
YoY Change -65.33%
Cost Of Revenue $7.718M $3.810M $21.95M
YoY Change -64.84% -31.47%
Gross Profit $930.2K $710.0K $2.999M
YoY Change -68.98% -48.18%
Gross Profit Margin 10.76% 15.71% 12.02%
Selling, General & Admin $1.208M $720.0K $2.463M
YoY Change -50.97% 36597.25% 62423.1%
% of Gross Profit 129.85% 101.41% 82.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.58K $10.00K $42.93K
YoY Change 87.7% 0.0% -14.14%
% of Gross Profit 8.66% 1.41% 1.43%
Operating Expenses $1.414M $830.0K $2.928M
YoY Change -51.71% 11023.02% 74225.63%
Operating Profit -$484.0K -$120.0K $70.35K
YoY Change -787.97% -108.81%
Interest Expense -$134.6K -$40.00K -$105.8K
YoY Change 27.19% 0.0%
% of Operating Profit -150.43%
Other Income/Expense, Net -$23.03K -$60.00K -$344.1K
YoY Change -93.31% -25.0%
Pretax Income -$641.6K -$220.0K -$379.6K
YoY Change 69.04% 2849.06% 9534.01%
Income Tax $22.76K $0.00 $10.35K
% Of Pretax Income
Net Earnings -$664.4K -$220.0K -$389.9K
YoY Change 70.39% 2848.27% 9796.7%
Net Earnings / Revenue -7.68% -4.87% -1.56%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 94.47M shares 94.47M shares 3.417M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.166M $1.560M $1.228M
YoY Change 76.44%
Cash & Equivalents $2.166M $1.558M $1.228M
Short-Term Investments
Other Short-Term Assets $388.7K $180.0K $110.8K
YoY Change 250.74%
Inventory
Prepaid Expenses $327.1K $178.6K $110.8K
Receivables $1.583M $1.765M $1.869M
Other Receivables $9.300K $0.00 $0.00
Total Short-Term Assets $4.148M $3.501M $3.208M
YoY Change 29.3%
LONG-TERM ASSETS
Property, Plant & Equipment $1.580M $282.3K $298.8K
YoY Change 428.69% 125.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.920M $585.0K $601.5K
YoY Change 219.28%
TOTAL ASSETS
Total Short-Term Assets $4.148M $3.501M $3.208M
Total Long-Term Assets $1.920M $585.0K $601.5K
Total Assets $6.068M $4.086M $3.809M
YoY Change 59.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $449.9K $502.2K $761.5K
YoY Change -40.92% 82.03%
Accrued Expenses $1.134M $112.9K $49.04K
YoY Change 2213.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.160M $720.0K $719.6K
YoY Change 200.23%
Total Short-Term Liabilities $4.467M $2.266M $2.721M
YoY Change 64.16% 4513.36% 25581.6%
LONG-TERM LIABILITIES
Long-Term Debt $2.034M $2.730M $2.783M
YoY Change -26.89%
Other Long-Term Liabilities $1.060M $290.0K $294.4K
YoY Change 260.07%
Total Long-Term Liabilities $3.095M $3.020M $3.077M
YoY Change 0.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.467M $2.266M $2.721M
Total Long-Term Liabilities $3.095M $3.020M $3.077M
Total Liabilities $7.562M $5.288M $5.798M
YoY Change 30.41% 10665.43% 54601.82%
SHAREHOLDERS EQUITY
Retained Earnings -$1.653M -$1.360M -$2.147M
YoY Change -23.0% -86.53% -78.66%
Common Stock $159.8K $158.3K $158.3K
YoY Change 0.95% 131.68% 131.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.494M -$1.202M -$1.989M
YoY Change
Total Liabilities & Shareholders Equity $6.068M $4.086M $3.809M
YoY Change 59.3%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$664.4K -$220.0K -$389.9K
YoY Change 70.39% 2848.27% 9796.7%
Depreciation, Depletion And Amortization $80.58K $10.00K $42.93K
YoY Change 87.7% 0.0% -14.14%
Cash From Operating Activities -$479.2K -$1.410M $305.0K
YoY Change -257.13% 18800.8% -6323.88%
INVESTING ACTIVITIES
Capital Expenditures $143.0K $6.040K
YoY Change 2267.22% -69.8%
Acquisitions
YoY Change
Other Investing Activities -$40.00K $0.00 -$1.234M
YoY Change -96.76% -100.0% 146.72%
Cash From Investing Activities -$183.0K $0.00 -$1.240M
YoY Change -85.24% -100.0% 138.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 746.8K -20.00K 32.53K
YoY Change 2195.79% -368.1% 563.88%
NET CHANGE
Cash From Operating Activities -479.2K -1.410M 305.0K
Cash From Investing Activities -183.0K 0.000 -1.240M
Cash From Financing Activities 746.8K -20.00K 32.53K
Net Change In Cash 84.63K -1.430M -902.1K
YoY Change -109.38%
FREE CASH FLOW
Cash From Operating Activities -$479.2K -$1.410M $305.0K
Capital Expenditures $143.0K $6.040K
Free Cash Flow -$622.2K $298.9K
YoY Change -308.14% -1300.52%

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612957 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
343485 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
314151 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
282317 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
298806 usd
CY2023Q3 AGSS Pension Balances
PensionBalances
360208 usd
CY2022Q4 AGSS Pension Balances
PensionBalances
453965 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
112935 usd
AGSS Schedule Of Details The Loan Active
ScheduleOfDetailsTheLoanActive
<table cellpadding="0" cellspacing="0" id="xdx_880_ecustom--ScheduleOfDetailsTheLoanActive_zblye0o3I0ki" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - NOTES PAYABLE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"><span id="xdx_8BC_zYhxy7Y4ar56" style="display: none">Schedule of the loan active</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2023</td><td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td><td style="vertical-align: bottom; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2022</td><td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Current Portion:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.25in; vertical-align: top; width: 76%; text-align: left; padding-bottom: 1pt">Notes and loans payable</td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--NotesAndLoansPayableCurrent_pp0p0_c20230930__us-gaap--ShortTermDebtTypeAxis__custom--NotesAndLoansPayableMember_zwOJj3a0W8Ml" style="border-bottom: Black 1pt solid; width: 9%; text-align: right" title="Total Current Portion">719,563</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--NotesAndLoansPayableCurrent_c20221231__us-gaap--ShortTermDebtTypeAxis__custom--NotesAndLoansPayableMember_pp0p0" style="border-bottom: Black 1pt solid; width: 9%; text-align: right" title="Total Current Portion">719,563</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.375in; vertical-align: top; text-align: left; padding-bottom: 1pt">Total Current Portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--NotesAndLoansPayableCurrent_pp0p0_c20230930_zmNL68IjhqUh" style="border-bottom: Black 1pt solid; text-align: right" title="Total Current Portion">719,563</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--NotesAndLoansPayableCurrent_c20221231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total Current Portion">719,563</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Long term Portion:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in; vertical-align: top; text-align: left; padding-bottom: 1pt">Notes and loans payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--NotesAndLoansPayable_pp0p0_c20230930__us-gaap--ShortTermDebtTypeAxis__custom--NotesAndLoansPayableMember_za6FOtcuCWne" style="border-bottom: Black 1pt solid; text-align: right" title="Total Long-term Portion">2,727,510</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--NotesAndLoansPayable_c20221231__us-gaap--ShortTermDebtTypeAxis__custom--NotesAndLoansPayableMember_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total Long-term Portion">2,782,784</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.375in; vertical-align: top; text-align: left; padding-bottom: 1pt">Total Long-term Portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--NotesAndLoansPayable_pp0p0_c20230930_zw4EEZ4mIBF9" style="border-bottom: Black 1pt solid; text-align: right" title="Total Long-term Portion">2,727,510</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--NotesAndLoansPayable_c20221231_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Total Long-term Portion">2,782,784</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left; padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--NotesPayable_pp0p0_c20230930_z0fcp0tLWCvg" style="border-bottom: Black 2.5pt double; text-align: right" title="Notes Payable">3,447,073</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--NotesPayable_c20221231_pp0p0" style="border-bottom: Black 2.5pt double; text-align: right" title="Notes Payable">3,502,347</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023Q3 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
719563 usd
CY2022Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
719563 usd
CY2023Q3 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2727510 usd
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2782784 usd
CY2023Q3 us-gaap Notes Payable
NotesPayable
3447073 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
3502347 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
473000 usd
AGSS Additional Other Expenses
AdditionalOtherExpenses
191500 usd
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
23000 usd

Files In Submission

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agss-20230930_cal.xml Edgar Link unprocessable
agss-20230930_def.xml Edgar Link unprocessable
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0001829126-23-007347.txt Edgar Link pending
0001829126-23-007347-xbrl.zip Edgar Link pending
agss-20230930.xsd Edgar Link pending
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