2021 Q4 Form 10-K Financial Statement
#000121390022036794 Filed on July 01, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $1.368M | $994.5K | |
| YoY Change | |||
| Cost Of Revenue | $1.200M | $3.051M | |
| YoY Change | |||
| Gross Profit | $168.0K | $199.0K | |
| YoY Change | |||
| Gross Profit Margin | 12.28% | 20.01% | |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| % of Gross Profit | 0.0% | ||
| Depreciation & Amortization | $274.4K | $1.047M | $1.039M |
| YoY Change | 6.16% | 0.77% | -0.31% |
| % of Gross Profit | 163.33% | 526.31% | |
| Operating Expenses | $3.260M | $10.10M | $8.336M |
| YoY Change | 52.59% | 21.21% | -2.73% |
| Operating Profit | -$3.092M | -$9.905M | -$8.336M |
| YoY Change | 18.82% | -2.58% | |
| Interest Expense | -$1.788M | $48.35K | $17.11K |
| YoY Change | 388.82% | 182.63% | -97.08% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$509.3K | -$625.2K | -$15.80K |
| YoY Change | -141.55% | 3856.9% | 174.31% |
| Pretax Income | -$5.321M | -$9.380M | -$9.109M |
| YoY Change | 136.01% | 2.98% | 14.2% |
| Income Tax | -$20.00 | $3.240K | $3.290K |
| % Of Pretax Income | |||
| Net Earnings | -$5.321M | -$9.383M | -$9.112M |
| YoY Change | 136.01% | 2.98% | 14.19% |
| Net Earnings / Revenue | -388.94% | -943.49% | |
| Basic Earnings Per Share | -$0.97 | ||
| Diluted Earnings Per Share | -$549.7K | -$972.6K | -$955.0K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 9.648M shares | ||
| Diluted Shares Outstanding | 9.648M shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.033M | $1.033M | $4.977M |
| YoY Change | 53.81% | -79.24% | 562.47% |
| Cash & Equivalents | $3.289M | ||
| Short-Term Investments | $994.6K | $994.6K | $4.393M |
| Other Short-Term Assets | $4.065M | $4.065M | $3.677M |
| YoY Change | 148.61% | 10.56% | 23.61% |
| Inventory | $1.366M | $1.366M | $3.168M |
| Prepaid Expenses | $4.071M | ||
| Receivables | $136.8K | $136.8K | $0.00 |
| Other Receivables | $6.020K | $6.020K | $3.540K |
| Total Short-Term Assets | $6.608M | $6.608M | $11.83M |
| YoY Change | -12.14% | -44.13% | 63.84% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $36.92M | $37.10M | $37.69M |
| YoY Change | -2.04% | -1.57% | -0.99% |
| Goodwill | $1.475M | ||
| YoY Change | |||
| Intangibles | $1.898M | ||
| YoY Change | |||
| Long-Term Investments | $4.740M | $4.741M | $0.00 |
| YoY Change | |||
| Other Assets | $8.108M | $8.108M | $3.329M |
| YoY Change | 6.2% | 143.53% | 881.67% |
| Total Long-Term Assets | $48.58M | $48.58M | $44.89M |
| YoY Change | -1.25% | 8.22% | 4.95% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $6.608M | $6.608M | $11.83M |
| Total Long-Term Assets | $48.58M | $48.58M | $44.89M |
| Total Assets | $55.19M | $55.19M | $56.72M |
| YoY Change | -2.69% | -2.69% | 13.45% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.565M | $1.565M | $1.874M |
| YoY Change | -16.52% | -16.52% | 105.36% |
| Accrued Expenses | $3.261M | $3.261M | $1.489M |
| YoY Change | 120.58% | 118.95% | 162.41% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $1.634M | $1.634M | $527.1K |
| YoY Change | 209.96% | 209.96% | |
| Long-Term Debt Due | $11.33K | $22.82K | $10.17K |
| YoY Change | -46.49% | 124.39% | -45.38% |
| Total Short-Term Liabilities | $11.52M | $11.52M | $7.464M |
| YoY Change | 54.35% | 54.35% | 124.09% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $18.05K | $8.698M | $9.247M |
| YoY Change | -99.81% | -5.94% | 11176.99% |
| Other Long-Term Liabilities | $799.6K | $799.6K | $973.4K |
| YoY Change | -14.6% | -17.85% | 27.58% |
| Total Long-Term Liabilities | $9.497M | $9.497M | $10.22M |
| YoY Change | -7.08% | -7.08% | 1109.53% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $11.52M | $11.52M | $7.464M |
| Total Long-Term Liabilities | $9.497M | $9.497M | $10.22M |
| Total Liabilities | $21.02M | $21.02M | $17.69M |
| YoY Change | 18.85% | 18.85% | 323.49% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$41.77M | ||
| YoY Change | |||
| Common Stock | $9.716K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $34.17M | $34.17M | $39.03M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $55.19M | $55.19M | $56.72M |
| YoY Change | -2.69% | -2.69% | 13.45% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$5.321M | -$9.383M | -$9.112M |
| YoY Change | 136.01% | 2.98% | 14.19% |
| Depreciation, Depletion And Amortization | $274.4K | $1.047M | $1.039M |
| YoY Change | 6.16% | 0.77% | -0.31% |
| Cash From Operating Activities | -$548.3K | -$1.964M | -$1.912M |
| YoY Change | 38.57% | 2.71% | -78.1% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$78.23K | -$163.9K | -$115.9K |
| YoY Change | -10.05% | 41.39% | -83.25% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $64.29K | $86.91K | -$5.261M |
| YoY Change | -101.27% | -101.65% | |
| Cash From Investing Activities | -$13.94K | -$76.95K | -$5.377M |
| YoY Change | -99.73% | -98.57% | 676.91% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 524.2K | 1.677M | 11.38M |
| YoY Change | -94.71% | -85.26% | 4.27% |
| NET CHANGE | |||
| Cash From Operating Activities | -548.3K | -1.964M | -1.912M |
| Cash From Investing Activities | -13.94K | -76.95K | -5.377M |
| Cash From Financing Activities | 524.2K | 1.677M | 11.38M |
| Net Change In Cash | -38.09K | -363.8K | 4.089M |
| YoY Change | -100.87% | -108.9% | 174.25% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$548.3K | -$1.964M | -$1.912M |
| Capital Expenditures | -$78.23K | -$163.9K | -$115.9K |
| Free Cash Flow | -$470.1K | -$1.800M | -$1.796M |
| YoY Change | 52.27% | 0.21% | -77.65% |
Facts In Submission
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