2024 Q1 Form 10-Q Financial Statement

#000147793224003020 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $840.4K $0.00
YoY Change
Cost Of Revenue $561.5K $0.00
YoY Change
Gross Profit $278.9K $0.00
YoY Change
Gross Profit Margin 33.18%
Selling, General & Admin $521.4K $3.517M
YoY Change -85.18% 517.1%
% of Gross Profit 186.98%
Research & Development $215.1K $207.3K
YoY Change 3.76% -29.25%
% of Gross Profit 77.14%
Depreciation & Amortization $103.2K $0.00
YoY Change
% of Gross Profit 37.01%
Operating Expenses $6.094M $3.725M
YoY Change 63.6% 334.0%
Operating Profit -$5.815M -$3.725M
YoY Change 56.11% 334.0%
Interest Expense $13.79K -$540.00
YoY Change -2653.33%
% of Operating Profit
Other Income/Expense, Net -$1.198M $109.7K
YoY Change -1191.3% 16403.16%
Pretax Income -$7.012M -$3.615M
YoY Change 93.98% 320.36%
Income Tax $47.62K $0.00
% Of Pretax Income
Net Earnings -$6.965M -$3.615M
YoY Change 92.66% 321.54%
Net Earnings / Revenue -828.8%
Basic Earnings Per Share -$0.16 -$0.12
Diluted Earnings Per Share -$0.16 -$0.12
COMMON SHARES
Basic Shares Outstanding 37.39M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.89M $5.082M
YoY Change 370.08%
Cash & Equivalents $23.89M $5.082M
Short-Term Investments
Other Short-Term Assets $1.932M $688.3K
YoY Change 180.66%
Inventory
Prepaid Expenses
Receivables $354.1K $0.00
Other Receivables $0.00
Total Short-Term Assets $26.18M $5.771M
YoY Change 353.62%
LONG-TERM ASSETS
Property, Plant & Equipment $14.36M $8.006M
YoY Change 79.41%
Goodwill $3.166M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.2K $133.6K
YoY Change 49.82%
Total Long-Term Assets $19.21M $8.836M
YoY Change 117.4%
TOTAL ASSETS
Total Short-Term Assets $26.18M $5.771M
Total Long-Term Assets $19.21M $8.836M
Total Assets $45.39M $14.61M
YoY Change 210.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.223M $1.287M
YoY Change 72.75%
Accrued Expenses $1.769M $408.6K
YoY Change 332.91%
Deferred Revenue
YoY Change
Short-Term Debt $206.6K $33.85K
YoY Change 510.25%
Long-Term Debt Due $60.84K
YoY Change
Total Short-Term Liabilities $7.332M $1.996M
YoY Change 267.27%
LONG-TERM LIABILITIES
Long-Term Debt $22.20M $0.00
YoY Change
Other Long-Term Liabilities $1.653M $698.0K
YoY Change 136.84%
Total Long-Term Liabilities $1.653M $698.0K
YoY Change 136.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.332M $1.996M
Total Long-Term Liabilities $1.653M $698.0K
Total Liabilities $32.36M $2.694M
YoY Change 1100.96%
SHAREHOLDERS EQUITY
Retained Earnings -$30.79M -$11.17M
YoY Change 175.67%
Common Stock $486.0K $373.9K
YoY Change 29.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.52M $11.91M
YoY Change
Total Liabilities & Shareholders Equity $45.39M $14.61M
YoY Change 210.73%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$6.965M -$3.615M
YoY Change 92.66% 321.54%
Depreciation, Depletion And Amortization $103.2K $0.00
YoY Change
Cash From Operating Activities -$2.970M -$1.445M
YoY Change 105.57% 401.82%
INVESTING ACTIVITIES
Capital Expenditures $1.246M $362.1K
YoY Change 244.1% -59.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.246M -$362.1K
YoY Change 244.1% -59.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $20.26M $4.494M
YoY Change 350.95% 101.24%
NET CHANGE
Cash From Operating Activities -$2.970M -$1.445M
Cash From Investing Activities -$1.246M -$362.1K
Cash From Financing Activities $20.26M $4.494M
Net Change In Cash $16.05M $2.687M
YoY Change 497.33% 156.82%
FREE CASH FLOW
Cash From Operating Activities -$2.970M -$1.445M
Capital Expenditures $1.246M $362.1K
Free Cash Flow -$4.216M -$1.807M
YoY Change 133.33% 52.25%

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CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
44561844 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29141525 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2731000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2901000 shares
CY2024Q1 aspi Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
3386076 shares
CY2023Q1 aspi Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
3386076 shares
CY2024Q1 aspi Restricted Stock
RestrictedStock
3800000 shares
CY2023Q1 aspi Restricted Stock
RestrictedStock
7719250 shares
CY2024Q1 aspi Shares Of Common Stock Equivalents
SharesOfCommonStockEquivalents
9917076 shares
CY2023Q1 aspi Shares Of Common Stock Equivalents
SharesOfCommonStockEquivalents
14006326 shares
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007 pure

Files In Submission

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0001477932-24-003020-index-headers.html Edgar Link pending
0001477932-24-003020-index.html Edgar Link pending
0001477932-24-003020.txt Edgar Link pending
0001477932-24-003020-xbrl.zip Edgar Link pending
aspi-20240331.xsd Edgar Link pending
aspi_10q.htm Edgar Link pending
aspi_ex311.htm Edgar Link pending
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aspi_ex321.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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aspi-20240331_cal.xml Edgar Link unprocessable