2023 Q2 Form 10-Q Financial Statement
#000147793223003345 Filed on May 12, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $11.00 | $6.570K | |
YoY Change | |||
Cost Of Revenue | $3.635K | $5.330K | |
YoY Change | |||
Gross Profit | -$3.624K | $1.240K | |
YoY Change | |||
Gross Profit Margin | -32945.45% | 18.87% | |
Selling, General & Admin | $7.690K | $5.920K | |
YoY Change | 127.51% | 5.9% | |
% of Gross Profit | 477.42% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $750.00 | $750.00 | |
YoY Change | 0.0% | 0.0% | |
% of Gross Profit | 60.48% | ||
Operating Expenses | $8.436K | $6.670K | |
YoY Change | 104.41% | 5.17% | |
Operating Profit | -$12.06K | -$5.430K | |
YoY Change | 192.22% | -14.38% | |
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $21.00 | $0.00 | |
YoY Change | -86.0% | -100.0% | |
Pretax Income | -$12.04K | -$5.430K | |
YoY Change | 202.51% | -39.87% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$12.04K | -$5.430K | |
YoY Change | 202.72% | -39.85% | |
Net Earnings / Revenue | -109445.45% | -82.65% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | |
COMMON SHARES | |||
Basic Shares Outstanding | 4.400M shares | 4.400M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.160K | $8.860K | |
YoY Change | -87.25% | -55.81% | |
Cash & Equivalents | $2.067K | $2.157K | $8.855K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $0.00 | $0.00 | $2.540K |
Prepaid Expenses | |||
Receivables | $0.00 | $833.00 | $850.00 |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $2.067K | $2.990K | $12.24K |
YoY Change | -90.51% | -82.35% | -38.94% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.125K | ||
YoY Change | -48.98% | ||
Goodwill | |||
YoY Change | |||
Intangibles | $1.000K | $1.000K | |
YoY Change | 0.0% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $4.125K | $4.875K | $5.630K |
YoY Change | -42.11% | -38.13% | -34.72% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.067K | $2.990K | $12.24K |
Total Long-Term Assets | $4.125K | $4.875K | $5.630K |
Total Assets | $6.192K | $7.865K | $17.87K |
YoY Change | -78.58% | -68.31% | -37.67% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $49.52K | $49.97K | $48.23K |
YoY Change | 8.4% | 69.15% | 63.44% |
Accrued Expenses | $48.26K | $48.25K | $48.27K |
YoY Change | -0.06% | 0.0% | -0.27% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $165.7K | $165.7K | |
YoY Change | 7.42% | 7.42% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $266.4K | $263.9K | $262.2K |
YoY Change | 7.36% | 13.74% | 12.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $266.4K | $263.9K | $262.2K |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $263.9K | $262.2K | |
YoY Change | 13.74% | 12.94% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$19.26M | -$19.25M | |
YoY Change | 0.22% | 0.26% | |
Common Stock | $4.400K | $4.400K | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$260.3K | -$256.0K | -$244.3K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.192K | $7.865K | $17.87K |
YoY Change | -78.58% | -68.31% | -37.67% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$12.04K | -$5.430K | |
YoY Change | 202.72% | -39.85% | |
Depreciation, Depletion And Amortization | $750.00 | $750.00 | |
YoY Change | 0.0% | 0.0% | |
Cash From Operating Activities | -$6.700K | -$16.08K | |
YoY Change | 115.43% | 58.58% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $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 | 0.000 | 21.45K | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -6.700K | -16.08K | |
Cash From Investing Activities | 0.000 | 0.000 | |
Cash From Financing Activities | 0.000 | 21.45K | |
Net Change In Cash | -6.700K | 5.370K | |
YoY Change | 115.43% | -152.96% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$6.700K | -$16.08K | |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$6.700K | -$16.08K | |
YoY Change | 115.43% | 58.58% |
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315 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12039 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-256019 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-219283 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1645 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-38381 | usd | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-256019 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
38381 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
26195 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
2250 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1225 | usd | |
us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
36 | usd | |
us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
21 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
833 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
0 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-8224 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-11398 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
16041 | usd | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13555 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
901 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2157 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16942 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
833 | usd |
CY2022Q2 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
16449 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
8225 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
2541 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
0 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
8224 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1645 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1225 | usd | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.350 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.210 | pure | |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-19253807 | usd |
CY2023Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
750 | usd |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
2250 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
2125 | usd | |
CY2023Q1 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
165666 | usd |
CY2022Q2 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
154216 | usd |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4400048 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |