2022 Q1 Form 10-Q Financial Statement
#000157570522000310 Filed on May 10, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $104.0K | $100.7K |
| YoY Change | 3.32% | 67.77% |
| Cost Of Revenue | $51.00K | $34.40K |
| YoY Change | 48.26% | 72.0% |
| Gross Profit | $53.00K | $66.26K |
| YoY Change | -20.01% | 120.87% |
| Gross Profit Margin | 50.96% | 65.83% |
| Selling, General & Admin | $2.779M | $1.780M |
| YoY Change | 56.09% | 25.38% |
| % of Gross Profit | 5243.4% | 2686.93% |
| Research & Development | $2.053M | |
| YoY Change | ||
| % of Gross Profit | 3873.58% | |
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $5.664M | $0.00 |
| YoY Change | -100.0% | |
| Operating Profit | -$5.611M | $66.26K |
| YoY Change | -8568.16% | -104.73% |
| Interest Expense | $81.00K | -$636.4K |
| YoY Change | -112.73% | 809.09% |
| % of Operating Profit | -960.4% | |
| Other Income/Expense, Net | $75.00K | |
| YoY Change | ||
| Pretax Income | -$5.455M | -$66.29M |
| YoY Change | -91.77% | 4440.65% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$5.455M | -$66.29M |
| YoY Change | -91.77% | 4440.62% |
| Net Earnings / Revenue | -5245.19% | -65858.33% |
| Basic Earnings Per Share | -$0.35 | |
| Diluted Earnings Per Share | -$352.4K | -$3.978M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 15.47M shares | |
| Diluted Shares Outstanding | 15.47M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.29M | $617.8K |
| YoY Change | 1565.61% | 2988.95% |
| Cash & Equivalents | $10.29M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $846.0K | $67.31K |
| YoY Change | 1156.87% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $43.00K | $67.12K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $11.18M | $752.2K |
| YoY Change | 1386.13% | 1404.44% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $173.0K | $234.5K |
| YoY Change | -26.24% | -21.82% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $3.068M | $32.54K |
| YoY Change | 9328.4% | 225.4% |
| Total Long-Term Assets | $6.892M | $6.735M |
| YoY Change | 2.32% | 2145.16% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $11.18M | $752.2K |
| Total Long-Term Assets | $6.892M | $6.735M |
| Total Assets | $18.07M | $7.488M |
| YoY Change | 141.34% | 2039.34% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $474.0K | $1.632M |
| YoY Change | -70.95% | -5.14% |
| Accrued Expenses | $1.885M | $2.122M |
| YoY Change | -11.16% | -13.04% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.766M | $1.816M |
| YoY Change | -2.73% | -36.74% |
| Long-Term Debt Due | $511.7K | |
| YoY Change | ||
| Total Short-Term Liabilities | $5.018M | $7.616M |
| YoY Change | -34.11% | 2.09% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $67.00K | $607.3K |
| YoY Change | -88.97% | |
| Other Long-Term Liabilities | $2.267M | $922.7K |
| YoY Change | 145.68% | 130.68% |
| Total Long-Term Liabilities | $2.334M | $1.530M |
| YoY Change | 52.55% | 282.51% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.018M | $7.616M |
| Total Long-Term Liabilities | $2.334M | $1.530M |
| Total Liabilities | $7.352M | $9.146M |
| YoY Change | -19.62% | 16.36% |
| 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 | $10.72M | -$1.659M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $18.07M | $7.488M |
| YoY Change | 141.34% | 2039.34% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.455M | -$66.29M |
| YoY Change | -91.77% | 4440.62% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$2.878M | -$2.775M |
| YoY Change | 3.71% | 7.56% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$185.0K | -$936.4K |
| YoY Change | -80.24% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $430.0K | |
| YoY Change | -4.44% | |
| Cash From Investing Activities | -$185.0K | -$506.4K |
| YoY Change | -63.47% | -207.74% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 13.35M | 3.674M |
| YoY Change | 263.25% | 90.35% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.878M | -2.775M |
| Cash From Investing Activities | -185.0K | -506.4K |
| Cash From Financing Activities | 13.35M | 3.674M |
| Net Change In Cash | 10.28M | 392.4K |
| YoY Change | 2520.02% | -318.02% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.878M | -$2.775M |
| Capital Expenditures | -$185.0K | -$936.4K |
| Free Cash Flow | -$2.693M | -$1.839M |
| YoY Change | 46.47% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
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| CY2021Q4 | apcx |
Antidilution Liability
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| CY2021Q1 | us-gaap |
Research And Development Expense
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| CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
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| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
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| CY2021Q1 | us-gaap |
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| CY2022Q1 | apcx |
Common Stock Cancelled
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| CY2021Q1 | apcx |
Issuance Of Stock For Prepaid Services
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| CY2021Q1 | apcx |
Common Stock Issued For Forbearances
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| CY2022Q1 | apcx |
Stock Issued For Purchase Of Judgment
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| CY2022Q1 | apcx |
Imputed Interest On Notes Payable
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| CY2022Q1 | us-gaap |
Repayments Of Related Party Debt
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Repayments Of Notes Payable
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| CY2021Q1 | apcx |
Net Proceeds From Offering
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| CY2022Q1 | us-gaap |
Payments For Repurchase Of Equity
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| CY2022Q1 | apcx |
Proceeds From Sale Of Repurchase Option
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| CY2022Q1 | us-gaap |
Interest Paid Net
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| CY2021Q1 | us-gaap |
Interest Paid Net
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| CY2022Q1 | us-gaap |
Income Taxes Paid Net
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| CY2021Q1 | us-gaap |
Income Taxes Paid Net
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| CY2022Q1 | apcx |
Noncash Investing And Financing Transactions Related To Capitalized Software And Licensing Costs
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| CY2021Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
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| CY2022Q1 | apcx |
Antidilution Provision
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