2021 Form 10-K Financial Statement
#000149315222008572 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $986.8K | $1.256M |
| YoY Change | -21.41% | 134.66% |
| Cost Of Revenue | $812.1K | $952.5K |
| YoY Change | -14.74% | 151.27% |
| Gross Profit | $174.7K | $303.2K |
| YoY Change | -42.38% | 94.32% |
| Gross Profit Margin | 17.7% | 24.15% |
| Selling, General & Admin | $2.981M | $2.303M |
| YoY Change | 29.47% | -55.31% |
| % of Gross Profit | 1706.42% | 759.46% |
| Research & Development | $501.4K | $710.8K |
| YoY Change | -29.46% | -24.51% |
| % of Gross Profit | 286.99% | 234.43% |
| Depreciation & Amortization | $3.640K | $61.72K |
| YoY Change | -94.1% | -0.5% |
| % of Gross Profit | 2.08% | 20.36% |
| Operating Expenses | $3.486M | $3.075M |
| YoY Change | 13.37% | -50.05% |
| Operating Profit | -$3.311M | -$2.772M |
| YoY Change | 19.46% | -53.8% |
| Interest Expense | -$2.062M | -$2.293M |
| YoY Change | -10.08% | 43.14% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$6.099M | -$5.981M |
| YoY Change | 1.97% | -21.32% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$6.099M | -$5.981M |
| YoY Change | 1.97% | -21.32% |
| Net Earnings / Revenue | -618.03% | -476.31% |
| Basic Earnings Per Share | -$4.85 | |
| Diluted Earnings Per Share | -$4.848M | -$7.830M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.258M shares | |
| Diluted Shares Outstanding | 1.940M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $17.61K | $60.90K |
| YoY Change | -71.08% | -53.74% |
| Cash & Equivalents | $17.61K | $60.90K |
| Short-Term Investments | ||
| Other Short-Term Assets | $163.5K | $48.64K |
| YoY Change | 236.12% | -91.04% |
| Inventory | $685.9K | $822.9K |
| Prepaid Expenses | ||
| Receivables | $100.8K | $176.8K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $967.7K | $1.109M |
| YoY Change | -12.76% | -38.4% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $900.00 | $5.270K |
| YoY Change | -82.92% | -92.13% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $0.00 | $0.00 |
| YoY Change | ||
| Other Assets | $0.00 | $6.840K |
| YoY Change | -100.0% | 0.0% |
| Total Long-Term Assets | $900.00 | $12.10K |
| YoY Change | -92.56% | -83.61% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $967.7K | $1.109M |
| Total Long-Term Assets | $900.00 | $12.10K |
| Total Assets | $968.6K | $1.121M |
| YoY Change | -13.62% | -40.18% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.032M | $540.2K |
| YoY Change | 91.1% | -21.04% |
| Accrued Expenses | $204.0K | $603.5K |
| YoY Change | -66.2% | 98.6% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $3.903M | $4.692M |
| YoY Change | -16.83% | 29.41% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $5.139M | $5.836M |
| YoY Change | -11.94% | 26.49% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $297.9K |
| YoY Change | -100.0% | 43.29% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $297.9K |
| YoY Change | -100.0% | 43.29% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.139M | $5.836M |
| Total Long-Term Liabilities | $0.00 | $297.9K |
| Total Liabilities | $5.139M | $6.134M |
| YoY Change | -16.22% | 27.21% |
| 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 | -$4.170M | -$5.012M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $968.6K | $1.121M |
| YoY Change | -13.62% | -40.18% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
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|
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| CY2020 | AREB |
Conversion Of Debt To Equity
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|
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| CY2021Q4 | us-gaap |
Inventory For Long Term Contracts Or Programs
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|
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| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
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|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
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Warrants And Rights Outstanding Term
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P5Y | |
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Warrants And Rights Outstanding Term
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| CY2021Q4 | us-gaap |
Warrants And Rights Outstanding Term
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|
P3Y | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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|
USD | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
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|
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| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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|
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| CY2020 | AREB |
Share Based Compensation Arrangement By Share Based Payment Award Options Expired In Period Total Intrinsic Value
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|
USD | |
| CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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|
USD | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
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| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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|
USD | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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|
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| CY2021 | AREB |
Share Based Compensation Arrangement By Share Based Payment Award Options Expired In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodTotalIntrinsicValue
|
USD | |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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|
USD | |
| CY2021Q4 | us-gaap |
Inventory Work In Process
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|
USD | |
| CY2021Q4 | us-gaap |
Deposit Assets
DepositAssets
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Investments
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|
USD | |
| CY2020Q4 | us-gaap |
Long Term Investments
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|
USD | |
| CY2021Q4 | us-gaap |
Other Assets Noncurrent
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|
USD | |
| CY2021Q4 | us-gaap |
Due To Related Parties Noncurrent
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|
USD | |
| CY2020Q4 | AREB |
Preferred Shares Series B Value
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|
USD | |
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Income Tax Expense Benefit
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| CY2020 | us-gaap |
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Payments To Acquire Property Plant And Equipment
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|
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| CY2020 | us-gaap |
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|
USD | |
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Net Cash Provided By Used In Investing Activities
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| CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
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|
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Proceeds From Issuance Of Common Stock
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|
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