2022 Q4 Form 10-Q Financial Statement

#000147793222008435 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $1.240K
YoY Change -100.0%
Cost Of Revenue $0.00 $0.00 $560.00
YoY Change -100.0%
Gross Profit $0.00 $0.00 $680.00
YoY Change -100.0%
Gross Profit Margin 54.84%
Selling, General & Admin $161.6K $139.8K $130.2K
YoY Change 30.54% 7.38% 501.06%
% of Gross Profit 19145.59%
Research & Development $192.0K $284.5K $113.9K
YoY Change 347.11% 149.79% 21.05%
% of Gross Profit 16751.47%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $353.6K $424.3K $244.1K
YoY Change 112.08% 73.83% -125.38%
Operating Profit -$353.6K -$424.3K -$243.4K
YoY Change 112.08% 74.31%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income -$353.6K -$424.3K -$243.4K
YoY Change 112.08% 74.31% -125.71%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$353.6K -$424.3K -$243.4K
YoY Change 112.08% 74.31% -125.71%
Net Earnings / Revenue -19631.45%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$10.87K -$6.980K
COMMON SHARES
Basic Shares Outstanding 38.92M shares 38.92M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $680.00 $2.700K $1.770K
YoY Change -45.16% 52.54% -99.27%
Cash & Equivalents $679.00 $2.702K $1.768K
Short-Term Investments
Other Short-Term Assets $110.8K $5.830K $0.00
YoY Change -100.0%
Inventory $49.44K
Prepaid Expenses $5.833K $0.00
Receivables
Other Receivables
Total Short-Term Assets $111.5K $8.535K $51.21K
YoY Change 119.98% -83.33% -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 $111.5K $8.535K $51.21K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $111.5K $8.535K $51.21K
YoY Change 119.98% -83.33% -82.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $625.2K $405.6K $121.2K
YoY Change 417.7% 234.51% 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 $1.975M $1.625M $606.9K
YoY Change 155.4% 167.66% 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 $1.975M $1.625M $606.9K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.975M $1.625M $606.9K
YoY Change 155.4% 167.66% 775.94%
SHAREHOLDERS EQUITY
Retained Earnings -$4.938M -$4.585M -$1.704M
YoY Change 163.93% 169.0%
Common Stock $39.12K $39.12K $34.88K
YoY Change 11.52% 12.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.863M -$1.616M -$555.7K
YoY Change
Total Liabilities & Shareholders Equity $111.5K $8.535K $51.21K
YoY Change 119.98% -83.33% -82.51%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$353.6K -$424.3K -$243.4K
YoY Change 112.08% 74.31% -125.71%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $200.00 -$47.48K -$6.040K
YoY Change -137.66% 686.09% -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 50.00K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 200.0 -47.48K -6.040K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 0.000 50.00K 0.000
Net Change In Cash 200.0 2.520K -6.040K
YoY Change -137.66% -141.72% -102.49%
FREE CASH FLOW
Cash From Operating Activities $200.00 -$47.48K -$6.040K
Capital Expenditures
Free Cash Flow
YoY Change

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