$AMST
Amesite Inc.

2021 Form 10-K Financial Statement

#000121390021047257 Filed on September 10, 2021

View on sec.gov

Income Statement

Concept 2021 2020 2019 Q2
Revenue $674.6K $60.00K $10.00K
YoY Change 1024.3% 500.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.649M $4.140M $1.810M
YoY Change 108.9% 3.76%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $751.5K $0.00 $80.00K
YoY Change -100.0%
% of Gross Profit
Operating Expenses $8.649M $4.140M $1.810M
YoY Change 108.9% 3.76%
Operating Profit
YoY Change
Interest Expense -$3.612M -$90.00K $10.00K
YoY Change 3913.64% -400.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$11.59M -$4.170M -$1.790M
YoY Change 177.85% 5.84%
Income Tax
% Of Pretax Income
Net Earnings -$11.59M -$4.170M -$1.790M
YoY Change 177.85% 5.84%
Net Earnings / Revenue -1717.56% -6950.0% -17900.0%
Basic Earnings Per Share -$0.59
Diluted Earnings Per Share -$594.2K -$204.2K -$87.66K
COMMON SHARES
Basic Shares Outstanding 19.50M shares
Diluted Shares Outstanding 19.50M shares

Balance Sheet

Concept 2021 2020 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.71M $4.090M
YoY Change 161.93% 304.95%
Cash & Equivalents $10.71M $4.090M
Short-Term Investments
Other Short-Term Assets $299.4K $230.0K
YoY Change 30.17% 130.0%
Inventory
Prepaid Expenses
Receivables $51.12K $60.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.06M $4.380M
YoY Change 152.59% 294.59%
LONG-TERM ASSETS
Property, Plant & Equipment $100.6K $50.00K
YoY Change 101.18% -44.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.413M $1.320M
YoY Change 7.06% 23.36%
TOTAL ASSETS
Total Short-Term Assets $11.06M $4.380M
Total Long-Term Assets $1.413M $1.320M
Total Assets $12.48M $5.700M
YoY Change 118.89% 161.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.8K $110.0K
YoY Change 27.05% -47.62%
Accrued Expenses $268.8K $190.0K
YoY Change 41.47% 58.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $2.030M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $741.7K $2.700M
YoY Change -72.53% 718.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $741.7K $2.700M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $741.7K $2.700M
YoY Change -72.53% 718.18%
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 $11.74M $3.000M
YoY Change
Total Liabilities & Shareholders Equity $12.48M $5.700M
YoY Change 118.89% 161.47%

Cashflow Statement

Concept 2021 2020 2019 Q2
OPERATING ACTIVITIES
Net Income -$11.59M -$4.170M -$1.790M
YoY Change 177.85% 5.84%
Depreciation, Depletion And Amortization $751.5K $0.00 $80.00K
YoY Change -100.0%
Cash From Operating Activities -$5.335M -$2.810M -$820.0K
YoY Change 89.85% 26.01%
INVESTING ACTIVITIES
Capital Expenditures -$842.3K -$800.0K -$260.0K
YoY Change 5.29% -22.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$842.3K -$800.0K -$260.0K
YoY Change 5.29% -22.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.80M 6.690M 0.000
YoY Change 91.27%
NET CHANGE
Cash From Operating Activities -5.335M -2.810M -820.0K
Cash From Investing Activities -842.3K -800.0K -260.0K
Cash From Financing Activities 12.80M 6.690M 0.000
Net Change In Cash 6.619M 3.080M -1.080M
YoY Change 114.91% -194.48%
FREE CASH FLOW
Cash From Operating Activities -$5.335M -$2.810M -$820.0K
Capital Expenditures -$842.3K -$800.0K -$260.0K
Free Cash Flow -$4.492M -$2.010M -$560.0K
YoY Change 123.5% 67.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q2 amst Accrued Payroll
AccruedPayroll
USD
CY2021Q2 amst Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
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CY2021Q2 us-gaap Deferred Tax Liabilities
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USD
CY2021 dei Entity Central Index Key
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CY2021Q2 us-gaap Notes Payable
NotesPayable
USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
USD
CY2020 amst Noncash Interest Expense On Notes Payable Converted To Common Stock
NoncashInterestExpenseOnNotesPayableConvertedToCommonStock
USD
CY2020 amst Conversion Of Convertible Notes Payable Including Accrued Interest Of73315 Into113 Of Common Stock
ConversionOfConvertibleNotesPayableIncludingAccruedInterestOf73315Into113OfCommonStock
USD
CY2020 amst Issuance Of Common Stock Exchange For Consulting Services
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USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Depreciation
Depreciation
USD
CY2020Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
USD

Files In Submission

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0001213900-21-047257-index-headers.html Edgar Link pending
0001213900-21-047257-index.html Edgar Link pending
0001213900-21-047257.txt Edgar Link pending
0001213900-21-047257-xbrl.zip Edgar Link pending
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f10k2021ex23-1_amesiteinc.htm Edgar Link pending
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