2024 Q2 Form 10-Q Financial Statement
#000178162924000011 Filed on April 15, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $15.39K | $9.760K | $7.480K |
YoY Change | 45.17% | 214.94% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $29.15K | $47.42K | -$93.28K |
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | -$13.47K | $36.16K | $24.94K |
YoY Change | 418.2% | ||
% of Gross Profit | |||
Operating Expenses | $87.21K | $128.5K | -$89.27K |
YoY Change | 15.55% | 51.54% | |
Operating Profit | |||
YoY Change | |||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $44.90K | $44.90K | -$179.2K |
YoY Change | 0.0% | 0.0% | |
Pretax Income | -$71.83K | -$118.7K | -$63.60K |
YoY Change | 10.72% | -245.34% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$71.83K | -$118.7K | -$63.60K |
YoY Change | 10.72% | 45.34% | |
Net Earnings / Revenue | -466.87% | -1216.32% | -850.27% |
Basic Earnings Per Share | -$0.02 | -$0.03 | |
Diluted Earnings Per Share | -$0.02 | -$0.03 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 4.328M shares | 4.328M shares | 4.328M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.070K | $710.00 | $290.00 |
YoY Change | |||
Cash & Equivalents | $1.069K | $707.00 | $286.00 |
Short-Term Investments | |||
Other Short-Term Assets | $70.41K | $72.28K | $64.49K |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $46.85K | $36.01K | $15.85K |
Receivables | $0.00 | $21.39K | |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $71.48K | $72.99K | $86.17K |
YoY Change | -23.89% | -42.23% | -51.27% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | ||
YoY Change | |||
Total Long-Term Assets | $130.9K | $144.0K | $22.16K |
YoY Change | -48.73% | -45.07% | -91.77% |
TOTAL ASSETS | |||
Total Short-Term Assets | $71.48K | $72.99K | $86.17K |
Total Long-Term Assets | $130.9K | $144.0K | $22.16K |
Total Assets | $202.3K | $217.0K | $108.3K |
YoY Change | -42.05% | -44.15% | -75.71% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $268.0K | $244.0K | $84.00K |
YoY Change | |||
Accrued Expenses | $5.800K | $23.53K | $44.90K |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $427.3K | $365.6K | $292.0K |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $718.2K | $661.0K | $433.6K |
YoY Change | 32.54% | 28.01% | -11.9% |
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 | $718.2K | $661.0K | $433.6K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $718.2K | $661.0K | $433.6K |
YoY Change | 32.54% | 28.01% | -11.9% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$551.4K | -$479.6K | -$360.9K |
YoY Change | -341.55% | -393.49% | -541.53% |
Common Stock | $4.328K | $4.328K | |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$515.8K | -$444.0K | -$325.3K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $202.3K | $217.0K | $108.3K |
YoY Change | -42.05% | -44.15% | -75.71% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$71.83K | -$118.7K | -$63.60K |
YoY Change | 10.72% | 45.34% | |
Depreciation, Depletion And Amortization | -$13.47K | $36.16K | $24.94K |
YoY Change | 418.2% | ||
Cash From Operating Activities | -$87.98K | $84.85K | -$320.4K |
YoY Change | -0.76% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $131.4K | ||
YoY Change | |||
Acquisitions | -$158.0K | ||
YoY Change | |||
Other Investing Activities | -$158.0K | $241.4K | |
YoY Change | |||
Cash From Investing Activities | $26.64K | -$158.0K | $241.4K |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 61.71K | $73.61K | 77.01K |
YoY Change | -13.09% | ||
NET CHANGE | |||
Cash From Operating Activities | -87.98K | $84.85K | -320.4K |
Cash From Investing Activities | 26.64K | -$158.0K | 241.4K |
Cash From Financing Activities | 61.71K | $73.61K | 77.01K |
Net Change In Cash | 370.0 | $421.00 | -1.990K |
YoY Change | -152.56% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$87.98K | $84.85K | -$320.4K |
Capital Expenditures | $131.4K | ||
Free Cash Flow | -$219.4K | ||
YoY Change |
Facts In Submission
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Operating Lease Cost
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Operating Lease Cost
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Basis Of Accounting
BasisOfAccounting
|
<p id="xdx_844_eus-gaap--BasisOfAccounting_zeLe4MZzoHMe" style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="text-decoration: underline"><span id="xdx_86B_zVLX0rIVoqE4">Interim Financial Statements</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. Therefore, these financial statements should be read in conjunction with the Company’s audited financial statements and notes filed with the Securities and Exchange Commission (the “SEC”) for the year ended November 30, 2023.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: center">10<br/> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>ANKAM, INC.</b></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</b></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>As of February 29, 2024</b></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Unaudited)</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> | |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_841_eus-gaap--UseOfEstimates_z1yw8bFOuYza" style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="text-decoration: underline"><span id="xdx_86B_zS93SaXdNiVi">Use of Estimates</span></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> | |
CY2024Q1 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
13419 | usd |
CY2023 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
53144 | usd |
CY2024Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
36160 | usd |
CY2023Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
6978 | usd |
CY2024Q1 | us-gaap |
Debt Current
DebtCurrent
|
365636 | usd |
CY2023Q4 | us-gaap |
Debt Current
DebtCurrent
|
292026 | usd |
CY2024Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
479606 | usd |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
360893 | usd |
CY2024Q1 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-479606 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-360893 | usd |
CY2024Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
100717 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
75787 | usd |
CY2024Q1 | ankm |
Less
Less
|
-100717 | usd |
CY2023Q4 | ankm |
Less
Less
|
-75787 | usd |