2021 Q4 Form 10-K Financial Statement

#000155837022003845 Filed on March 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $989.0K $4.474M $504.0K
YoY Change 96.23% 443.62%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.223M $8.281M $877.0K
YoY Change 153.48% 20.61% -7.68%
% of Gross Profit
Research & Development $4.814M $20.02M $4.980M
YoY Change -3.33% 38.57% 198.2%
% of Gross Profit
Depreciation & Amortization $277.0K $1.200M $274.0K
YoY Change 1.09% 9.09% -9.27%
% of Gross Profit
Operating Expenses $7.037M $28.30M $5.857M
YoY Change 20.15% 26.27% 123.55%
Operating Profit -$23.82M
YoY Change 10.35%
Interest Expense $1.000K $100.0K -$177.0K
YoY Change -100.56% -83.33% -11.5%
% of Operating Profit
Other Income/Expense, Net $667.0K $1.106M
YoY Change -212.29% 1.65%
Pretax Income -$6.047M -$23.16M -$6.624M
YoY Change -8.71% 4.39% 44.31%
Income Tax
% Of Pretax Income
Net Earnings -$6.047M -$23.16M -$6.624M
YoY Change -8.71% 4.39% 44.31%
Net Earnings / Revenue -611.43% -517.55% -1314.29%
Basic Earnings Per Share -$0.96
Diluted Earnings Per Share -$229.7K -$0.96 -$359.3K
COMMON SHARES
Basic Shares Outstanding 27.09M 24.10M
Diluted Shares Outstanding 24.10M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.29M $10.29M $9.649M
YoY Change 6.62% 6.62% 59.94%
Cash & Equivalents $10.29M $10.29M $9.649M
Short-Term Investments
Other Short-Term Assets $4.707M $4.707M $1.197M
YoY Change 293.23% 293.23% 92.44%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $15.00M $15.00M $10.85M
YoY Change 38.25% 38.25% 62.98%
LONG-TERM ASSETS
Property, Plant & Equipment $2.220M $38.07M $2.047M
YoY Change 8.45% 196.58% -51.44%
Goodwill $3.490M $3.490M
YoY Change 0.0%
Intangibles $10.26M $10.26M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $1.755M $2.955M $887.0K
YoY Change 97.86% 41.59% 6.23%
Total Long-Term Assets $54.77M $54.77M $28.67M
YoY Change 91.05% 91.05% 52.53%
TOTAL ASSETS
Total Short-Term Assets $15.00M $15.00M $10.85M
Total Long-Term Assets $54.77M $54.77M $28.67M
Total Assets $69.77M $69.77M $39.52M
YoY Change 76.56% 76.56% 55.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.138M $1.138M $956.0K
YoY Change 19.04% 19.04% 74.77%
Accrued Expenses $3.147M $3.147M $2.839M
YoY Change 10.85% 10.85% -15.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $722.0K
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.814M $4.814M $6.705M
YoY Change -28.2% -28.2% 37.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $36.48M $36.48M $10.88M
YoY Change 235.39% 235.39% 274.81%
Total Long-Term Liabilities $36.48M $36.48M $10.88M
YoY Change 235.39% 235.39% 274.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.814M $4.814M $6.705M
Total Long-Term Liabilities $36.48M $36.48M $10.88M
Total Liabilities $44.37M $44.37M $20.66M
YoY Change 114.78% 114.78% 90.27%
SHAREHOLDERS EQUITY
Retained Earnings -$202.9M -$179.7M
YoY Change 12.89%
Common Stock $271.0K $187.0K
YoY Change 44.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.40M $25.40M $18.86M
YoY Change
Total Liabilities & Shareholders Equity $69.77M $69.77M $39.52M
YoY Change 76.56% 76.56% 55.26%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$6.047M -$23.16M -$6.624M
YoY Change -8.71% 4.39% 44.31%
Depreciation, Depletion And Amortization $277.0K $1.200M $274.0K
YoY Change 1.09% 9.09% -9.27%
Cash From Operating Activities -$8.598M -$23.58M -$6.302M
YoY Change 36.43% 29.04% 130.93%
INVESTING ACTIVITIES
Capital Expenditures -$228.0K $1.304M -$366.0K
YoY Change -37.7% 58.25% 1642.86%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$228.0K -$1.304M -$366.0K
YoY Change -37.7% 58.25% -608.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $26.32M
YoY Change 14.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.038M 25.52M 432.0K
YoY Change 1529.17% 9.94%
NET CHANGE
Cash From Operating Activities -8.598M -23.58M -6.302M
Cash From Investing Activities -228.0K -1.304M -366.0K
Cash From Financing Activities 7.038M 25.52M 432.0K
Net Change In Cash -1.788M 639.0K -6.236M
YoY Change -71.33% -84.48% 134.7%
FREE CASH FLOW
Cash From Operating Activities -$8.598M -$23.58M -$6.302M
Capital Expenditures -$228.0K $1.304M -$366.0K
Free Cash Flow -$8.370M -$24.88M -$5.936M
YoY Change 41.0% 30.3% 119.2%

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