2022 Q3 Form 10-K Financial Statement

#000121465922008985 Filed on July 19, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.660M $2.212M $7.118M
YoY Change 19.41% 138.5% 95.49%
% of Gross Profit
Research & Development $1.376M $1.661M $5.201M
YoY Change 50.15% 467.54% 296.83%
% of Gross Profit
Depreciation & Amortization $7.097K $3.550K $3.549K
YoY Change
% of Gross Profit
Operating Expenses $1.376M $3.873M $5.201M
YoY Change -40.34% 217.45% 296.83%
Operating Profit -$3.036M -$12.32M
YoY Change 31.62% 148.78%
Interest Expense $1.532K -$600.00 $46.52K
YoY Change -111.24% -98.37% -67.33%
% of Operating Profit
Other Income/Expense, Net -$1.532K -$42.52K
YoY Change -88.76% -55.09%
Pretax Income -$3.037M -$3.869M -$12.36M
YoY Change 30.92% 207.87% 144.96%
Income Tax
% Of Pretax Income
Net Earnings -$3.037M -$3.869M -$12.36M
YoY Change 30.92% 207.87% 144.96%
Net Earnings / Revenue
Basic Earnings Per Share -$0.03 -$0.14
Diluted Earnings Per Share -$31.16K -$44.01K -$138.8K
COMMON SHARES
Basic Shares Outstanding 95.48M shares 89.10M shares
Diluted Shares Outstanding 97.48M shares 89.10M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.53M $14.06M $14.06M
YoY Change -26.19% 628.97% 628.97%
Cash & Equivalents $11.53M $14.06M
Short-Term Investments
Other Short-Term Assets $578.1K $349.7K $349.7K
YoY Change -51.14% -63.84% -63.84%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.11M $14.41M $14.41M
YoY Change -27.96% 394.87% 394.87%
LONG-TERM ASSETS
Property, Plant & Equipment $95.81K $102.9K $102.9K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $95.81K $102.9K $102.9K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $12.11M $14.41M $14.41M
Total Long-Term Assets $95.81K $102.9K $102.9K
Total Assets $12.21M $14.52M $14.52M
YoY Change -27.39% 398.4% 398.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.029M $1.163M $1.163M
YoY Change -4.09% 130.91% 130.91%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.029M $1.165M $1.165M
YoY Change -30.18% 29.49% 29.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.029M $1.165M $1.165M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.029M $1.165M $1.165M
YoY Change -30.18% 29.49% 29.49%
SHAREHOLDERS EQUITY
Retained Earnings -$32.23M -$29.19M
YoY Change 68.29% 73.44%
Common Stock $9.548K $9.548K
YoY Change 41.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.18M $13.35M $13.35M
YoY Change
Total Liabilities & Shareholders Equity $12.21M $14.52M $14.52M
YoY Change -27.39% 398.4% 398.4%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$3.037M -$3.869M -$12.36M
YoY Change 30.92% 207.87% 144.96%
Depreciation, Depletion And Amortization $7.097K $3.550K $3.549K
YoY Change
Cash From Operating Activities -$2.537M -$1.562M -$6.614M
YoY Change 107.47% 24.21% 143.88%
INVESTING ACTIVITIES
Capital Expenditures -$106.5K -$106.5K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$106.5K -$106.5K
YoY Change -205.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.000M
YoY Change 185.71%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.942M $18.85M
YoY Change 25.3% 323.7%
NET CHANGE
Cash From Operating Activities -$2.537M -1.562M -$6.614M
Cash From Investing Activities -106.5K -$106.5K
Cash From Financing Activities 3.942M $18.85M
Net Change In Cash -$2.537M 2.274M $12.13M
YoY Change 20.39% 559.85%
FREE CASH FLOW
Cash From Operating Activities -$2.537M -$1.562M -$6.614M
Capital Expenditures -$106.5K -$106.5K
Free Cash Flow -$1.456M -$6.508M
YoY Change

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10000000 shares
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0.0001

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