2024 Q4 Form 10-Q Financial Statement

#000095017024127019 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.349M
YoY Change 19.85%
% of Gross Profit
Research & Development $3.722M
YoY Change 16818.18%
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $6.071M
YoY Change 206.15%
Operating Profit -$6.071M
YoY Change 206.15%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $224.0K
YoY Change 22300.0%
Pretax Income -$5.847M
YoY Change 219.51%
Income Tax
% Of Pretax Income
Net Earnings -$5.847M
YoY Change 220.03%
Net Earnings / Revenue
Basic Earnings Per Share -$0.27
Diluted Earnings Per Share -$0.27
COMMON SHARES
Basic Shares Outstanding 21.67M 21.67M
Diluted Shares Outstanding 21.66M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.65M
YoY Change 46.25%
Cash & Equivalents $17.65M
Short-Term Investments
Other Short-Term Assets $755.0K
YoY Change 3.42%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $18.68M
YoY Change 46.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.000K
YoY Change -96.55%
Goodwill $6.330M
YoY Change
Intangibles $79.20M
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000K
YoY Change
Total Long-Term Assets $85.53M
YoY Change 294841.38%
TOTAL ASSETS
Total Short-Term Assets $18.68M
Total Long-Term Assets $85.53M
Total Assets $104.2M
YoY Change 712.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.079M
YoY Change 122.93%
Accrued Expenses $4.580M
YoY Change 301.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.659M
YoY Change 248.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.659M
Total Long-Term Liabilities $0.00
Total Liabilities $8.985M
YoY Change 453.26%
SHAREHOLDERS EQUITY
Retained Earnings -$310.4M
YoY Change 10.4%
Common Stock $360.7M
YoY Change 23.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $95.23M
YoY Change
Total Liabilities & Shareholders Equity $104.2M
YoY Change 712.8%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$5.847M
YoY Change 220.03%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities -$3.819M
YoY Change 132.87%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $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 -446.0K
YoY Change
NET CHANGE
Cash From Operating Activities -3.819M
Cash From Investing Activities 0.000
Cash From Financing Activities -446.0K
Net Change In Cash -4.265M
YoY Change 287.73%
FREE CASH FLOW
Cash From Operating Activities -$3.819M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Net Cash Provided By Used In Financing Activities
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<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, the accrual for research and development expenses, the prepaid research and development expenses, and the value of stock-based compensation. Estimates are</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">periodically </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">reviewed in light of changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from those estimates.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
us-gaap Concentration Risk Credit Risk
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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Files In Submission

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0000950170-24-127019-index-headers.html Edgar Link pending
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0000950170-24-127019.txt Edgar Link pending
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