2024 Q3 Form 10-Q Financial Statement

#000182912624007504 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $6.980M $4.520M
YoY Change 54.42%
Cost Of Revenue $6.086M $3.810M
YoY Change 59.74% -31.47%
Gross Profit $893.5K $710.0K
YoY Change 25.85% -48.18%
Gross Profit Margin 12.8% 15.71%
Selling, General & Admin $720.0K
YoY Change 36597.25%
% of Gross Profit 101.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $61.21K $10.00K
YoY Change 512.14% 0.0%
% of Gross Profit 6.85% 1.41%
Operating Expenses $1.397M $830.0K
YoY Change 68.29% 11023.02%
Operating Profit -$503.3K -$120.0K
YoY Change 319.42% -108.81%
Interest Expense -$40.00K
YoY Change 0.0%
% of Operating Profit
Other Income/Expense, Net $10.20K -$60.00K
YoY Change -116.99% -25.0%
Pretax Income -$220.0K
YoY Change 2849.06%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$493.1K -$220.0K
YoY Change 124.14% 2848.27%
Net Earnings / Revenue -7.06% -4.87%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 94.92M shares 94.47M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.560M
YoY Change
Cash & Equivalents $896.6K $1.558M
Short-Term Investments
Other Short-Term Assets $180.0K
YoY Change
Inventory
Prepaid Expenses $402.8K $178.6K
Receivables $1.690M $1.765M
Other Receivables $0.00
Total Short-Term Assets $3.103M $3.501M
YoY Change -11.37%
LONG-TERM ASSETS
Property, Plant & Equipment $934.2K $282.3K
YoY Change 230.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.274M $585.0K
YoY Change 288.67%
TOTAL ASSETS
Total Short-Term Assets $3.103M $3.501M
Total Long-Term Assets $2.274M $585.0K
Total Assets $5.377M $4.086M
YoY Change 31.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $830.3K $502.2K
YoY Change 65.34%
Accrued Expenses $112.9K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $720.0K
YoY Change
Total Short-Term Liabilities $4.551M $2.266M
YoY Change 100.84% 4513.36%
LONG-TERM LIABILITIES
Long-Term Debt $2.730M
YoY Change
Other Long-Term Liabilities $290.0K
YoY Change
Total Long-Term Liabilities $3.020M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.551M $2.266M
Total Long-Term Liabilities $3.020M
Total Liabilities $8.652M $5.288M
YoY Change 63.61% 10665.43%
SHAREHOLDERS EQUITY
Retained Earnings -$3.435M -$1.360M
YoY Change 152.48% -86.53%
Common Stock $159.8K $158.3K
YoY Change 0.95% 131.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.275M -$1.202M
YoY Change
Total Liabilities & Shareholders Equity $5.377M $4.086M
YoY Change 31.59%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$493.1K -$220.0K
YoY Change 124.14% 2848.27%
Depreciation, Depletion And Amortization $61.21K $10.00K
YoY Change 512.14% 0.0%
Cash From Operating Activities -$1.410M
YoY Change 18800.8%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change -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 -20.00K
YoY Change -368.1%
NET CHANGE
Cash From Operating Activities -1.410M
Cash From Investing Activities 0.000
Cash From Financing Activities -20.00K
Net Change In Cash -1.430M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$1.410M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-493111 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-208855 usd
CY2002Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1000 shares
CY2024Q3 AGSS Holder Ownership
HolderOwnership
0.88 pure
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_zd9s63DCJlek" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86E_zlDydCDv1RMh">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing financial statements in conformity with United States generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates include estimated useful lives and potential impairment of property and equipment, along with the collectability of some receivables from customers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2024Q3 us-gaap Cash
Cash
896616 usd
CY2023Q4 us-gaap Cash
Cash
2166118 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1005633 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1060015 usd
CY2024Q3 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
9300 usd
CY2024Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
333950 usd
CY2023Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
340700 usd
CY2021Q3 AGSS Consideration Paid Shares
ConsiderationPaidShares
500000 usd
CY2024Q3 AGSS Notes Receivablerelated Party
NotesReceivablerelatedParty
0 usd
CY2023Q4 AGSS Notes Receivablerelated Party
NotesReceivablerelatedParty
0 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1715655 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1200197 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
781500 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
626083 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
934155 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
574114 usd
CY2024Q3 AGSS Pension Balances
PensionBalances
575172 usd
CY2023Q4 AGSS Pension Balances
PensionBalances
507793 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
49035 usd
CY2024Q3 us-gaap Notes Payable
NotesPayable
4873185 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
4194840 usd
us-gaap Profit Loss
ProfitLoss
1781343 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
0 usd
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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