2024 Q2 Form 10-Q Financial Statement

#000147793224001934 Filed on April 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $180.3K $284.2K
YoY Change 73.55% -59.18%
% of Gross Profit
Research & Development $445.6K $255.4K
YoY Change 258.91% 26.57%
% of Gross Profit
Depreciation & Amortization $0.00 $22.80K
YoY Change
% of Gross Profit
Operating Expenses $625.8K $368.0K $539.6K
YoY Change 174.47% -62.3% -39.91%
Operating Profit -$625.8K -$368.0K
YoY Change 174.47% -62.3%
Interest Expense $204.5K $2.703K -$98.81K
YoY Change 971.03% -52.22% 4086.86%
% of Operating Profit
Other Income/Expense, Net $545.4K -$27.65K $0.00
YoY Change -23.71%
Pretax Income -$80.44K -$395.6K -$7.556M
YoY Change -63.74% -62.28% 674.74%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$80.44K -$395.6K -$7.556M
YoY Change -63.74% -62.28% 674.74%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$0.11
COMMON SHARES
Basic Shares Outstanding 80.26M shares 80.26M shares 66.58M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.59K $1.800K $23.25K
YoY Change 185.91% -96.45% -88.31%
Cash & Equivalents $26.59K $1.796K $23.25K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $45.30K $0.00
Total Short-Term Assets $71.89K $1.800K $23.25K
YoY Change -99.56% -99.99% -99.92%
LONG-TERM ASSETS
Property, Plant & Equipment $4.691M $4.691M $4.818M
YoY Change -2.65%
Goodwill
YoY Change
Intangibles $1.662M $1.662M $0.00
YoY Change
Long-Term Investments $2.725M $2.725M $2.725M
YoY Change -9.17% -9.17%
Other Assets $20.72K
YoY Change
Total Long-Term Assets $9.099M $9.078M $7.543M
YoY Change 16.38% 202.61%
TOTAL ASSETS
Total Short-Term Assets $71.89K $1.800K $23.25K
Total Long-Term Assets $9.099M $9.078M $7.543M
Total Assets $9.171M $9.080M $7.567M
YoY Change -62.25% -75.3% -72.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $787.4K $1.216M $265.9K
YoY Change 551.52% 877.22% 438.9%
Accrued Expenses $341.4K $140.8K $134.3K
YoY Change 161.37% 10175.18% 21217.46%
Deferred Revenue
YoY Change
Short-Term Debt $2.611M $213.0K $213.0K
YoY Change 1761.98% 73.33% 965.05%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.908M $1.760M $1.126M
YoY Change 118.43% 206.84% 151.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.562M $4.562M $4.691M
YoY Change -2.74%
Total Long-Term Liabilities $4.562M $4.562M $4.691M
YoY Change -2.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.908M $1.760M $1.126M
Total Long-Term Liabilities $4.562M $4.562M $4.691M
Total Liabilities $6.470M $6.322M $5.817M
YoY Change 16.28% 1002.45% 1200.24%
SHAREHOLDERS EQUITY
Retained Earnings -$53.45M -$53.37M -$52.66M
YoY Change 50.99% 51.71% 61.9%
Common Stock $72.81K $72.76K $67.64K
YoY Change 9.36% -1.04% 16.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.701M $2.758M $1.750M
YoY Change
Total Liabilities & Shareholders Equity $9.171M $9.080M $7.567M
YoY Change -62.25% -75.3% -72.4%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q3
OPERATING ACTIVITIES
Net Income -$80.44K -$395.6K -$7.556M
YoY Change -63.74% -62.28% 674.74%
Depreciation, Depletion And Amortization $0.00 $22.80K
YoY Change
Cash From Operating Activities $220.00 -$12.19K $25.94K
YoY Change -100.53% -89.92% -102.25%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$20.72K
YoY Change
Cash From Investing Activities -$20.72K
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 45.30K 0.000 -11.99K
YoY Change -100.0% -101.01%
NET CHANGE
Cash From Operating Activities 220.0 -12.19K 25.94K
Cash From Investing Activities -20.72K
Cash From Financing Activities 45.30K 0.000 -11.99K
Net Change In Cash 24.80K -12.19K 13.95K
YoY Change -159.92% -127.65% -56.3%
FREE CASH FLOW
Cash From Operating Activities $220.00 -$12.19K $25.94K
Capital Expenditures
Free Cash Flow
YoY Change

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