2022 Q3 Form 10-Q Financial Statement
#000165495422011233 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $1.758M | $636.6K | $87.20K |
YoY Change | 384.17% | 213.62% | |
Cost Of Revenue | $1.176M | $319.0K | $41.08K |
YoY Change | 1034.75% | 358.89% | 3188.87% |
Gross Profit | $581.7K | $317.7K | $46.12K |
YoY Change | 124.25% | 137.98% | 5189.22% |
Gross Profit Margin | 33.1% | 49.9% | 52.89% |
Selling, General & Admin | $6.569M | $627.1K | $551.7K |
YoY Change | 725.32% | -27.08% | 5.5% |
% of Gross Profit | 1129.23% | 197.41% | 1196.24% |
Research & Development | $1.835M | $1.635M | $1.577M |
YoY Change | 183.67% | ||
% of Gross Profit | 315.4% | 514.65% | 3420.18% |
Depreciation & Amortization | $1.229M | $1.210M | $1.169M |
YoY Change | 135.03% | ||
% of Gross Profit | 211.3% | 380.93% | 2534.08% |
Operating Expenses | $8.404M | $2.262M | $2.129M |
YoY Change | 482.5% | -363.01% | 307.12% |
Operating Profit | -$7.822M | -$1.944M | -$2.083M |
YoY Change | 561.03% | 167.61% | 298.97% |
Interest Expense | $515.00 | $3.417K | $15.88K |
YoY Change | -97.81% | 0.0% | -258.83% |
% of Operating Profit | |||
Other Income/Expense, Net | $10.34K | $9.060K | $146.00 |
YoY Change | -99.28% | -101.05% | |
Pretax Income | -$7.822M | -$1.954M | -$2.100M |
YoY Change | 574.23% | 160.62% | 296.21% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$7.822M | -$1.954M | -$2.100M |
YoY Change | 574.23% | 160.62% | 293.23% |
Net Earnings / Revenue | -444.98% | -306.94% | -2408.14% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$511.2K | -$203.0K | -$218.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 19.48M shares | 144.4M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.417M | $1.754M | $1.871M |
YoY Change | 241.92% | 189.11% | 18613.5% |
Cash & Equivalents | $2.417M | $1.754M | $1.871M |
Short-Term Investments | |||
Other Short-Term Assets | $152.4K | $1.275M | $813.9K |
YoY Change | 14.53% | 935.43% | 2613.03% |
Inventory | $698.3K | $670.5K | $337.8K |
Prepaid Expenses | |||
Receivables | $400.2K | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $3.668M | $3.699M | $3.023M |
YoY Change | 314.56% | 325.42% | 7457.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.351M | $1.503M | $1.420M |
YoY Change | 3281.12% | 6456.84% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $116.4K | $124.7K | $79.60K |
YoY Change | 6386.07% | ||
Total Long-Term Assets | $35.41M | $36.71M | $37.71M |
YoY Change | 85.33% | 85.87% | 20851.78% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.668M | $3.699M | $3.023M |
Total Long-Term Assets | $35.41M | $36.71M | $37.71M |
Total Assets | $39.08M | $40.41M | $40.74M |
YoY Change | 95.47% | 95.97% | 18416.48% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $109.1K | ||
YoY Change | |||
Accrued Expenses | $1.383M | $2.598M | $1.340M |
YoY Change | 4223.3% | 12532.33% | 282.74% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $884.0K | $1.013M | $1.013M |
YoY Change | -59.55% | -40.79% | 322.25% |
Long-Term Debt Due | $376.5K | $3.377M | $3.377M |
YoY Change | -81.17% | 120.69% | 267.01% |
Total Short-Term Liabilities | $2.643M | $6.988M | $5.730M |
YoY Change | -6.33% | 194.1% | 281.97% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $27.40M | $26.90M |
YoY Change | |||
Other Long-Term Liabilities | $12.51K | $18.32K | $24.15K |
YoY Change | -64.55% | -54.85% | |
Total Long-Term Liabilities | $12.51K | $27.42M | $26.92M |
YoY Change | -64.55% | 67466.1% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.643M | $6.988M | $5.730M |
Total Long-Term Liabilities | $12.51K | $27.42M | $26.92M |
Total Liabilities | $2.656M | $34.41M | $32.65M |
YoY Change | -7.05% | 1323.64% | 2076.91% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$21.98M | -$14.16M | -$12.21M |
YoY Change | 153.74% | 88.74% | |
Common Stock | $194.8K | $1.444M | |
YoY Change | -86.33% | 1.48% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $36.43M | $6.006M | -$8.083M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $39.08M | $40.41M | $40.74M |
YoY Change | 95.47% | 95.97% | 18416.48% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$7.822M | -$1.954M | -$2.100M |
YoY Change | 574.23% | 160.62% | 293.23% |
Depreciation, Depletion And Amortization | $1.229M | $1.210M | $1.169M |
YoY Change | 135.03% | ||
Cash From Operating Activities | -$786.6K | -$229.3K | -$1.390M |
YoY Change | 49.48% | 434.03% | 556.42% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$245.2K | -$424.6K | $135.9K |
YoY Change | -1152.04% | 1721.36% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $4.710K | $135.9K | -$135.9K |
YoY Change | -110.86% | 339650.0% | |
Cash From Investing Activities | -$240.5K | -$288.7K | -$135.9K |
YoY Change | 1099.0% | 1139.95% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.646M | 545.0K | $1.645M |
YoY Change | 157.38% | -16.23% | 727.12% |
NET CHANGE | |||
Cash From Operating Activities | -786.6K | -229.3K | -$1.390M |
Cash From Investing Activities | -240.5K | -288.7K | -$135.9K |
Cash From Financing Activities | 1.646M | 545.0K | $1.645M |
Net Change In Cash | 618.9K | 27.08K | $119.1K |
YoY Change | 563.71% | -95.37% | -1025.52% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$786.6K | -$229.3K | -$1.390M |
Capital Expenditures | -$245.2K | -$424.6K | $135.9K |
Free Cash Flow | -$541.4K | $195.3K | -$1.526M |
YoY Change | -1.49% | -1095.41% |
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StockIssuedDuringPeriodValueShareBasedCompensation
|
139405 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
20000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
6835 | usd | |
aimd |
Option Expenseduringperiodsharesstockoptionsexercised
OptionExpenseduringperiodsharesstockoptionsexercised
|
181376 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1283781 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18205557 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-4053927 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-1283781 | usd | |
us-gaap |
Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
|
2378835 | usd | |
us-gaap |
Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
|
514850 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
86886 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
188210 | usd | |
aimd |
Stock Issued For Compensationnoncash
StockIssuedForCompensationnoncash
|
139405 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
36202 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
32934 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
2247 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-29881 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-139747 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-670507 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3024 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-775909 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-71941 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
802282 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
238110 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
606866 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
333763 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1619153 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-42926 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
424557 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
23312 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
36 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-424557 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-23276 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
1400000 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
652395 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
800000 | usd | |
aimd |
Stock Issued For Compensationnoncash
StockIssuedForCompensationnoncash
|
0 | usd | |
aimd |
Payments Of Lease Liabilities
PaymentsOfLeaseLiabilities
|
-10125 | usd | |
aimd |
Payments Of Lease Liabilities
PaymentsOfLeaseLiabilities
|
-1800 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2189875 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
650595 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
146165 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
584393 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-143787 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | usd | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1751499 | usd |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22245 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1753877 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
606638 | usd |
aimd |
Issuance Of Convertible Notes For Payables Related Party
IssuanceOfConvertibleNotesForPayablesRelatedParty
|
26000000 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
20000000 | usd | |
aimd |
Stock Issued For Compensationnoncash
StockIssuedForCompensationnoncash
|
139405 | usd | |
aimd |
Net Change In Equipment Payable
NetChangeInEquipmentPayable
|
117185 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | usd | |
aimd |
Rou Leased Assets
RouLeasedAssets
|
62846 | usd | |
CY2022Q1 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0185 | pure |
CY2022Q1 | aimd |
Maturity Date
MaturityDate
|
2023-02-28 | |
aimd |
Total Interest Expense Of Convertible Notes
TotalInterestExpenseOfConvertibleNotes
|
34486 | usd | |
aimd |
Total Interest Expense Of Convertible Notes
TotalInterestExpenseOfConvertibleNotes
|
32775 | usd | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2021 | aimd |
Non Convertible Notes Payable Related Party
NonConvertibleNotesPayableRelatedParty
|
129405 | usd |
aimd |
Total Non Convertible Notes Payable Addition
TotalNonConvertibleNotesPayableAddition
|
800000 | usd | |
aimd |
Debt Instrument Payment
DebtInstrumentPayment
|
0 | usd | |
aimd |
Non Convertible Notes Payable Related Party
NonConvertibleNotesPayableRelatedParty
|
929405 | usd | |
CY2022Q2 | aimd |
Non Convertible Notes Payable Related Party Accrued Interest
NonConvertibleNotesPayableRelatedPartyAccruedInterest
|
5221 | usd |
CY2021 | aimd |
Total Non Convertible Notes Payable
TotalNonConvertibleNotesPayable
|
213405 | usd |
aimd |
Non Convertible Notes Payable Related Party Addition
NonConvertibleNotesPayableRelatedPartyAddition
|
800000 | usd | |
aimd |
Total Non Convertible Notes Payable
TotalNonConvertibleNotesPayable
|
1013405 | usd | |
CY2022Q2 | aimd |
Total Non Convertible Notes Payable Accrued Interest
TotalNonConvertibleNotesPayableAccruedInterest
|
9143 | usd |
CY2021 | aimd |
Total Convertible And Nonconvertible
TotalConvertibleAndNonconvertible
|
3589931 | usd |
aimd |
Total Convertible And Nonconvertibleaddition
TotalConvertibleAndNonconvertibleaddition
|
800000 | usd | |
aimd |
Total Convertible And Nonconvertiblepayment
TotalConvertibleAndNonconvertiblepayment
|
0 | usd | |
aimd |
Total Convertible And Nonconvertible
TotalConvertibleAndNonconvertible
|
4389931 | usd | |
CY2022Q2 | aimd |
Total Convertible And Nonconvertiblepaymentaccrued
TotalConvertibleAndNonconvertiblepaymentaccrued
|
63159 | usd |
CY2022Q2 | aimd |
Convertible Notes Amount
ConvertibleNotesAmount
|
3000000 | usd |
CY2022Q1 | aimd |
Principal Amount Property
PrincipalAmountProperty
|
800000 | usd |
CY2022Q2 | aimd |
Cumulative Accrued Interest
CumulativeAccruedInterest
|
63159 | usd |
CY2021Q4 | aimd |
Cumulative Accrued Interest
CumulativeAccruedInterest
|
28673 | usd |
aimd |
Non Current Convertible Notes Payable
NonCurrentConvertibleNotesPayable
|
27400000 | usd | |
aimd |
Non Current Convertible Notes Payable
NonCurrentConvertibleNotesPayable
|
0 | usd | |
CY2022Q2 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
26000000 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
1400000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.01 | |
CY2022Q2 | aimd |
Public Offering Percentage
PublicOfferingPercentage
|
-0.80 | pure |
CY2022Q1 | aimd |
Total Assets Purchase Price
TotalAssetsPurchasePrice
|
26000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
24886023 | usd |
CY2022Q1 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
1113977 | usd |
CY2022Q2 | aimd |
Non Convertible Notes Payable To Related Parties
NonConvertibleNotesPayableToRelatedParties
|
30855931 | usd |
CY2021Q4 | aimd |
Non Convertible Notes Payable To Related Parties
NonConvertibleNotesPayableToRelatedParties
|
3505931 | usd |
us-gaap |
Development Costs
DevelopmentCosts
|
374170 | usd | |
us-gaap |
Development Costs
DevelopmentCosts
|
0 | usd | |
CY2022Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
179547 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
65156 | usd |
CY2021Q4 | us-gaap |
Inventory Gross
InventoryGross
|
0 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
35086424 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
37329191 | usd |
CY2022Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3376526 | usd |
CY2022Q2 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
26000000 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
30594799 | usd |
CY2022Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
27418323 | usd |
CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
30255 | usd |
CY2022Q2 | us-gaap |
Liabilities
Liabilities
|
34406722 | usd |