2022 Q1 Form 10-Q Financial Statement

#000147793222000229 Filed on January 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q3
Revenue $0.00 $0.00 $1.240K
YoY Change
Cost Of Revenue $0.00 $560.00
YoY Change
Gross Profit $0.00 $680.00
YoY Change
Gross Profit Margin 54.84%
Selling, General & Admin $1.933M $123.8K $130.2K
YoY Change 265.65% -38.48% 501.06%
% of Gross Profit 19145.59%
Research & Development $84.05K $42.95K $113.9K
YoY Change -52.87% 177.31% 21.05%
% of Gross Profit 16751.47%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.017M $166.8K $244.1K
YoY Change 185.31% -23.06% -125.38%
Operating Profit -$2.017M -$166.8K -$243.4K
YoY Change 185.31% -23.06%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$2.017M -$166.8K -$243.4K
YoY Change 185.31% -23.05% -125.71%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.017M -$166.8K -$243.4K
YoY Change 185.31% -23.05% -125.71%
Net Earnings / Revenue -19631.45%
Basic Earnings Per Share
Diluted Earnings Per Share -$53.99K -$4.769K -$6.980K
COMMON SHARES
Basic Shares Outstanding 35.07M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.440K $1.240K $1.770K
YoY Change 190.48% -88.82% -99.27%
Cash & Equivalents $145.00 $1.237K $1.768K
Short-Term Investments
Other Short-Term Assets $15.83K $0.00
YoY Change -68.34% -100.0%
Inventory $49.44K $49.44K $49.44K
Prepaid Expenses $15.83K $0.00
Receivables
Other Receivables
Total Short-Term Assets $15.98K $50.68K $51.21K
YoY Change -68.57% -17.05% -82.51%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $15.98K $50.68K $51.21K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $15.98K $50.68K $51.21K
YoY Change -68.57% -17.05% -82.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.1K $120.8K $121.2K
YoY Change -49.93% 122.66% 75.23%
Accrued Expenses $100.00 $100.00 $100.00
YoY Change 0.0% 0.0% 0.0%
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 $1.093M $773.2K $606.9K
YoY Change 277.01% 1322.82% 775.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.093M $773.2K $606.9K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.093M $773.2K $606.9K
YoY Change 277.01% 1322.82% 775.94%
SHAREHOLDERS EQUITY
Retained Earnings -$3.996M -$1.871M -$1.704M
YoY Change
Common Stock $38.92K $35.08K $34.88K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.077M -$722.5K -$555.7K
YoY Change
Total Liabilities & Shareholders Equity $15.98K $50.68K $51.21K
YoY Change -68.57% -17.05% -82.51%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.017M -$166.8K -$243.4K
YoY Change 185.31% -23.05% -125.71%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.200K -$531.00 -$6.040K
YoY Change -101.33% -99.77% -98.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $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 0.000 $0.00 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities 1.200K -$531.00 -6.040K
Cash From Investing Activities 0.000 $0.00 0.000
Cash From Financing Activities 0.000 $0.00 0.000
Net Change In Cash 1.200K -$531.00 -6.040K
YoY Change -111.71% -99.77% -102.49%
FREE CASH FLOW
Cash From Operating Activities $1.200K -$531.00 -$6.040K
Capital Expenditures
Free Cash Flow
YoY Change

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