2022 Q4 Form 10-K Financial Statement

#000119312523110542 Filed on April 21, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $452.4K $1.453M
YoY Change 240.8% 941.5%
Operating Profit -$1.453M
YoY Change
Interest Expense $1.609M $2.542M
YoY Change 335070.83% 529585.42%
% of Operating Profit
Other Income/Expense, Net $0.00 -$30.00K
YoY Change -100.0% -91.28%
Pretax Income $1.156M $1.060M
YoY Change -342.81% -319.42%
Income Tax
% Of Pretax Income
Net Earnings $1.156M $1.060M
YoY Change -342.81% -319.42%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $461.9K $461.9K
YoY Change -47.27% -47.27%
Cash & Equivalents $461.9K
Short-Term Investments
Other Short-Term Assets $514.2K $514.2K
YoY Change -52.39% -52.39%
Inventory
Prepaid Expenses $514.2K
Receivables
Other Receivables
Total Short-Term Assets $976.1K $976.1K
YoY Change -32.08% -49.94%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $229.8M $229.8M
YoY Change 13.76% 13.76%
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $229.8M $229.8M
YoY Change 13.47% 13.76%
TOTAL ASSETS
Total Short-Term Assets $976.1K $976.1K
Total Long-Term Assets $229.8M $229.8M
Total Assets $230.8M $230.8M
YoY Change 13.15% 13.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.45K $51.45K
YoY Change 55.65% 55.91%
Accrued Expenses $504.2K $859.1K
YoY Change 531.21% 973.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $912.9K $912.9K
YoY Change 109.66% 109.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.875M $7.875M
YoY Change -96.23% -96.23%
Total Long-Term Liabilities $7.875M $7.875M
YoY Change -96.23% -96.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $912.9K $912.9K
Total Long-Term Liabilities $7.875M $7.875M
Total Liabilities $8.788M $8.788M
YoY Change 18.19% -95.8%
SHAREHOLDERS EQUITY
Retained Earnings -$7.712M
YoY Change 40.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.712M $222.0M
YoY Change
Total Liabilities & Shareholders Equity $230.8M $230.8M
YoY Change 13.15% 13.15%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.156M $1.060M
YoY Change -342.81% -319.42%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$69.16K -$413.9K
YoY Change -93.71% -62.37%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$25.25M
YoY Change -100.0% -94.02%
Cash From Investing Activities $0.00 -$25.25M
YoY Change -100.0% -87.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 25.25M
YoY Change -100.0% -87.62%
NET CHANGE
Cash From Operating Activities -69.16K -413.9K
Cash From Investing Activities 0.000 -25.25M
Cash From Financing Activities 0.000 25.25M
Net Change In Cash -69.16K -413.9K
YoY Change -107.9% -147.04%
FREE CASH FLOW
Cash From Operating Activities -$69.16K -$413.9K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20600000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><div style="font-weight:bold;display:inline;">Concentration of Credit Risk </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal <div style="text-indent: 0px; letter-spacing: 0px; top: 0px;;display:inline;">Depository Insurance Coverage</div> of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. </div>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2021Q4 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
3000000
CY2021Q4 ivcp Cash Deposited In To Operating Bank Account
CashDepositedInToOperatingBankAccount
2600000
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2284
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2284
CY2021Q4 ivcp Loansfromworkingcapital
Loansfromworkingcapital
0
CY2022Q4 ivcp Loansfromworkingcapital
Loansfromworkingcapital
0
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0

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d484779d10k.htm Edgar Link pending
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