2022 Q1 Form 10-Q Financial Statement
#000190359622000355 Filed on May 23, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $619.9K | $326.0K |
| YoY Change | 90.15% | -25.98% |
| Cost Of Revenue | $452.3K | $141.8K |
| YoY Change | 218.95% | -37.9% |
| Gross Profit | $167.6K | $184.2K |
| YoY Change | -9.02% | -13.13% |
| Gross Profit Margin | 27.03% | 56.5% |
| Selling, General & Admin | $676.5K | $417.3K |
| YoY Change | 62.09% | 5.52% |
| % of Gross Profit | 403.74% | 226.6% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $37.48K | $3.250K |
| YoY Change | 1053.23% | 8.33% |
| % of Gross Profit | 22.37% | 1.76% |
| Operating Expenses | $676.5K | $417.3K |
| YoY Change | 62.09% | 5.52% |
| Operating Profit | -$508.9K | -$233.2K |
| YoY Change | 118.27% | 27.08% |
| Interest Expense | -$27.12K | -$180.00 |
| YoY Change | 14966.67% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $13.86K | $900.00 |
| YoY Change | 1440.0% | -84.82% |
| Pretax Income | -$522.2K | -$121.9K |
| YoY Change | 328.37% | -31.34% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$522.2K | -$121.9K |
| YoY Change | 328.37% | -31.34% |
| Net Earnings / Revenue | -84.24% | -37.39% |
| Basic Earnings Per Share | -$0.01 | |
| Diluted Earnings Per Share | -$6.255K | -$1.644K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.321M | $2.443M |
| YoY Change | 76.88% | 182.61% |
| Cash & Equivalents | $4.318M | $2.440M |
| Short-Term Investments | $2.900K | $2.900K |
| Other Short-Term Assets | $1.428M | $51.20K |
| YoY Change | 2689.9% | -10.8% |
| Inventory | $317.2K | $121.5K |
| Prepaid Expenses | ||
| Receivables | $264.9K | $27.27K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $6.331M | $2.643M |
| YoY Change | 139.58% | 136.3% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $418.8K | $22.98K |
| YoY Change | 1722.54% | -41.54% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $6.000K | $20.00K |
| YoY Change | -70.0% | |
| Total Long-Term Assets | $3.140M | $46.31K |
| YoY Change | 6679.66% | 17.81% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.331M | $2.643M |
| Total Long-Term Assets | $3.140M | $46.31K |
| Total Assets | $9.471M | $2.689M |
| YoY Change | 252.21% | 132.27% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $393.6K | $59.97K |
| YoY Change | 556.26% | -1.15% |
| Accrued Expenses | $178.5K | $12.15K |
| YoY Change | 1368.89% | -93.37% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $550.0K | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $7.073M | $185.4K |
| YoY Change | 3715.14% | -55.02% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $550.0K | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $112.5K | |
| YoY Change | ||
| Total Long-Term Liabilities | $662.5K | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $7.073M | $185.4K |
| Total Long-Term Liabilities | $662.5K | $0.00 |
| Total Liabilities | $7.735M | $185.4K |
| YoY Change | 4072.5% | -55.02% |
| 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 | $1.735M | $2.504M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.471M | $2.689M |
| YoY Change | 252.21% | 132.27% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$522.2K | -$121.9K |
| YoY Change | 328.37% | -31.34% |
| Depreciation, Depletion And Amortization | $37.48K | $3.250K |
| YoY Change | 1053.23% | 8.33% |
| Cash From Operating Activities | $3.563M | -$276.7K |
| YoY Change | -1387.85% | 221.52% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$8.250K | -$4.900K |
| YoY Change | 68.37% | 115.86% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$8.250K | -$4.900K |
| YoY Change | 68.37% | 115.86% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 92.46K | 998.3K |
| YoY Change | -90.74% | |
| NET CHANGE | ||
| Cash From Operating Activities | 3.563M | -276.7K |
| Cash From Investing Activities | -8.250K | -4.900K |
| Cash From Financing Activities | 92.46K | 998.3K |
| Net Change In Cash | 3.647M | 716.7K |
| YoY Change | 408.89% | -911.5% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.563M | -$276.7K |
| Capital Expenditures | -$8.250K | -$4.900K |
| Free Cash Flow | $3.571M | -$271.8K |
| YoY Change | -1414.11% | 224.39% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Stockholders Equity Note Subscriptions Receivable
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| CY2021Q1 | AMMJ |
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Debt Forgiveness
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Income Tax Expense Benefit
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Debt Forgiveness1
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Increase Decrease In Prepaid Acquisition Costs
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Right To Use Lease Asset1
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Increase Decrease In Litigation Settlement Liability
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Increase Decrease In Operating Lease Liability
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Income Taxes Paid
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Income Taxes Paid
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Interest Paid Net
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Interest Paid Net
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|
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| CY2021Q1 | AMMJ |
Common Stock Issued For Stock Compensation Payable
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|
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Subscription Receivable Issued For Stock
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|
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Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
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Business Acquisitions Pro Forma Basic And Diluted Loss Per Share
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Capital Lease Obligations
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Long Term Notes Payable
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