2024 Q2 Form 10-K Financial Statement

#000107997324000814 Filed on May 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $55.10K $47.55K
YoY Change -24.51%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $55.10K $47.55K $199.4K
YoY Change 2.64% -24.51% -13.86%
Operating Profit -$55.10K -$199.4K
YoY Change 2.64% -13.86%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 -$14.05K $14.05K
YoY Change -100.0%
Pretax Income -$55.10K -$47.55K -$185.4K
YoY Change 39.04% -24.51% -19.93%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$55.10K -$47.55K -$185.4K
YoY Change 39.04% -24.51% -19.93%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 120.0M shares 120.0M shares 120.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.980K $1.330K $1.330K
YoY Change -15.29% -15.29%
Cash & Equivalents $7.978K $1.334K
Short-Term Investments
Other Short-Term Assets $9.100K $13.00K $13.00K
YoY Change 4.0% 4.0%
Inventory
Prepaid Expenses $9.100K $13.00K
Receivables
Other Receivables
Total Short-Term Assets $17.08K $14.33K $14.33K
YoY Change 88.75% 1.9% 1.85%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $17.08K $14.33K $14.33K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $17.08K $14.33K $14.33K
YoY Change 88.75% 1.9% 1.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.10K $21.76K $525.8K
YoY Change -1.54% -55.5% 28.58%
Accrued Expenses $900.0K $900.0K $900.0K
YoY Change 0.0% 0.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.032M $1.975M $1.975M
YoY Change 11.45% 10.38% 10.38%
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 $2.032M $1.975M $1.975M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.032M $1.975M $1.975M
YoY Change 11.45% 10.38% 10.38%
SHAREHOLDERS EQUITY
Retained Earnings -$2.074M -$2.019M
YoY Change 10.72% 10.11%
Common Stock $58.50K $58.50K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.015M -$1.960M -$1.960M
YoY Change
Total Liabilities & Shareholders Equity $17.08K $14.33K $14.33K
YoY Change 88.75% 1.9% 1.85%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$55.10K -$47.55K -$185.4K
YoY Change 39.04% -24.51% -19.93%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$9.856K -$4.670K -$69.02K
YoY Change -53.63% -83.47% -15.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
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 $16.50K 5.250K $68.79K
YoY Change -17.44% -80.65% -9.72%
NET CHANGE
Cash From Operating Activities -$9.856K -4.670K -$69.02K
Cash From Investing Activities $0.00 0.000 $0.00
Cash From Financing Activities $16.50K 5.250K $68.79K
Net Change In Cash $6.644K 580.0 -$233.00
YoY Change -623.56% -151.79% -95.62%
FREE CASH FLOW
Cash From Operating Activities -$9.856K -$4.670K -$69.02K
Capital Expenditures
Free Cash Flow
YoY Change

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