2022 Q1 Form 10-Q Financial Statement
#000121390022025572 Filed on May 11, 2022
Income Statement
| Concept | 2022 Q1 |
|---|---|
| Revenue | $12.06M |
| YoY Change | -12.03% |
| Cost Of Revenue | $9.984M |
| YoY Change | -16.21% |
| Gross Profit | $2.078M |
| YoY Change | 15.64% |
| Gross Profit Margin | 17.23% |
| Selling, General & Admin | |
| YoY Change | |
| % of Gross Profit | |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $665.0K |
| YoY Change | -6.73% |
| % of Gross Profit | 32.0% |
| Operating Expenses | $1.871M |
| YoY Change | 5.71% |
| Operating Profit | $207.0K |
| YoY Change | 666.67% |
| Interest Expense | -$323.0K |
| YoY Change | 8.75% |
| % of Operating Profit | -156.04% |
| Other Income/Expense, Net | $88.00K |
| YoY Change | -25.42% |
| Pretax Income | -$28.00K |
| YoY Change | -81.58% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$28.00K |
| YoY Change | -81.58% |
| Net Earnings / Revenue | -0.23% |
| Basic Earnings Per Share | -$0.01 |
| Diluted Earnings Per Share | -$870.00 |
| COMMON SHARES | |
| Basic Shares Outstanding | 3.218M shares |
| Diluted Shares Outstanding | 3.218M shares |
Balance Sheet
| Concept | 2022 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $364.0K |
| YoY Change | -78.97% |
| Cash & Equivalents | $364.0K |
| Short-Term Investments | |
| Other Short-Term Assets | $280.0K |
| YoY Change | 5.66% |
| Inventory | $32.00M |
| Prepaid Expenses | |
| Receivables | $7.558M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $40.20M |
| YoY Change | -8.39% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $11.06M |
| YoY Change | -11.78% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $1.026M |
| YoY Change | 31.37% |
| Total Long-Term Assets | $12.25M |
| YoY Change | -9.14% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $40.20M |
| Total Long-Term Assets | $12.25M |
| Total Assets | $52.45M |
| YoY Change | -8.57% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $7.042M |
| YoY Change | -14.6% |
| Accrued Expenses | $708.0K |
| YoY Change | 2.16% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $13.28M |
| YoY Change | -14.92% |
| Total Short-Term Liabilities | $22.80M |
| YoY Change | -15.24% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $8.977M |
| YoY Change | -18.38% |
| Other Long-Term Liabilities | $3.188M |
| YoY Change | -19.96% |
| Total Long-Term Liabilities | $12.17M |
| YoY Change | -18.8% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $22.80M |
| Total Long-Term Liabilities | $12.17M |
| Total Liabilities | $34.97M |
| YoY Change | -17.13% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $17.48M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $52.45M |
| YoY Change | -8.57% |
Cashflow Statement
| Concept | 2022 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$28.00K |
| YoY Change | -81.58% |
| Depreciation, Depletion And Amortization | $665.0K |
| YoY Change | -6.73% |
| Cash From Operating Activities | $1.285M |
| YoY Change | 126.63% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$430.0K |
| YoY Change | 57.51% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | |
| YoY Change | |
| Cash From Investing Activities | -$430.0K |
| YoY Change | 57.51% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -1.118M |
| YoY Change | 4.68% |
| NET CHANGE | |
| Cash From Operating Activities | 1.285M |
| Cash From Investing Activities | -430.0K |
| Cash From Financing Activities | -1.118M |
| Net Change In Cash | -263.0K |
| YoY Change | -66.02% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $1.285M |
| Capital Expenditures | -$430.0K |
| Free Cash Flow | $1.715M |
| YoY Change | 104.17% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001009891 | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2022Q1 | airi |
Noncash Interest Expense
NoncashInterestExpense
|
USD | |
| CY2022Q1 | airi |
Capitalization Of Related Party Note Interest To Principal
CapitalizationOfRelatedPartyNoteInterestToPrincipal
|
USD |
