2021 Q2 Form 10-Q Financial Statement
#000156459021042272 Filed on August 09, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
Revenue | $380.5K | $50.06K | $4.090K |
YoY Change | 660.03% | -32.68% | -98.1% |
Cost Of Revenue | $423.9K | $22.92K | $72.71K |
YoY Change | 1749.3% | -80.43% | -20.48% |
Gross Profit | -$43.37K | $27.14K | -$68.62K |
YoY Change | -259.8% | -163.49% | -155.36% |
Gross Profit Margin | -11.4% | 54.21% | -1677.75% |
Selling, General & Admin | $800.4K | $119.9K | $69.52K |
YoY Change | 567.74% | -70.32% | -86.32% |
% of Gross Profit | 441.67% | ||
Research & Development | $901.9K | $176.1K | $159.5K |
YoY Change | 412.21% | 36.49% | -67.39% |
% of Gross Profit | 648.75% | ||
Depreciation & Amortization | $2.724K | $43.85K | $56.27K |
YoY Change | -93.79% | -4.67% | -15.2% |
% of Gross Profit | 161.57% | ||
Operating Expenses | $1.702M | $119.9K | $229.0K |
YoY Change | 1320.09% | -77.51% | -77.04% |
Operating Profit | -$1.758M | -$324.2K | -$353.9K |
YoY Change | 442.19% | -49.05% | -62.35% |
Interest Expense | $64.77K | -$1.033M | $6.486M |
YoY Change | -106.27% | -74.77% | 55.16% |
% of Operating Profit | |||
Other Income/Expense, Net | $64.76K | -$1.033M | $6.746M |
YoY Change | -106.27% | -68.29% | 61.37% |
Pretax Income | -$1.693M | -$1.357M | $6.392M |
YoY Change | 24.76% | -65.15% | 97.24% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.693M | -$1.357M | $6.392M |
YoY Change | 24.76% | -65.15% | 97.25% |
Net Earnings / Revenue | -444.94% | -2710.56% | 156288.34% |
Basic Earnings Per Share | -$0.46 | $0.00 | $0.00 |
Diluted Earnings Per Share | -$0.46 | $0.00 | $112.10 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.669M | 5.168B | 4.759B |
Diluted Shares Outstanding | 3.669M | 5.168B | 57.00B |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.358M | $314.9K | |
YoY Change | 331.17% | -28.54% | |
Cash & Equivalents | $1.358M | $314.9K | |
Short-Term Investments | |||
Other Short-Term Assets | $504.6K | $45.32K | $43.54K |
YoY Change | 1013.31% | -54.68% | -76.13% |
Inventory | $589.5K | $510.0K | $510.0K |
Prepaid Expenses | |||
Receivables | $0.00 | $0.00 | $0.00 |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.452M | $870.3K | $553.6K |
YoY Change | 181.72% | -34.08% | -42.75% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $127.7K | $4.147M | $4.191M |
YoY Change | -96.92% | -3.98% | -3.99% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $625.0K | ||
YoY Change | |||
Total Long-Term Assets | $6.470M | $4.937M | $4.992M |
YoY Change | 31.06% | -4.77% | -4.82% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.452M | $870.3K | $553.6K |
Total Long-Term Assets | $6.470M | $4.937M | $4.992M |
Total Assets | $8.921M | $5.807M | $5.545M |
YoY Change | 53.64% | -10.72% | -10.72% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $661.1K | $1.344M | $1.370M |
YoY Change | -50.81% | -33.05% | -28.48% |
Accrued Expenses | $756.2K | $4.892M | $1.944M |
YoY Change | -84.54% | 195.07% | 13.4% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $693.2K | $12.71M | $11.79M |
YoY Change | -94.55% | 31.07% | 30.84% |
Long-Term Debt Due | $6.400M | $6.236M | |
YoY Change | 1674.08% | 1657.12% | |
Total Short-Term Liabilities | $3.233M | $25.81M | $24.24M |
YoY Change | -87.48% | 9.88% | 23.62% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $7.859M | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Other Long-Term Liabilities | $4.883M | $20.81K | $21.14K |
YoY Change | 23363.38% | -24.07% | |
Total Long-Term Liabilities | $12.74M | $20.81K | $21.14K |
YoY Change | 61127.2% | -99.57% | -99.57% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.233M | $25.81M | $24.24M |
Total Long-Term Liabilities | $12.74M | $20.81K | $21.14K |
Total Liabilities | $15.97M | $25.83M | $24.26M |
YoY Change | -38.16% | -8.92% | -1.28% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$417.0M | ||
YoY Change | 0.41% | ||
Common Stock | $475.9K | ||
YoY Change | 1375.48% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$7.053M | -$20.02M | -$18.71M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.921M | $5.807M | $5.545M |
YoY Change | 53.64% | -10.72% | -10.72% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 | 2020 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.693M | -$1.357M | $6.392M |
YoY Change | 24.76% | -65.15% | 97.25% |
Depreciation, Depletion And Amortization | $2.724K | $43.85K | $56.27K |
YoY Change | -93.79% | -4.67% | -15.2% |
Cash From Operating Activities | -$2.186M | -$128.3K | -$249.4K |
YoY Change | 1603.74% | -80.14% | -78.53% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$114.4K | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $254.4K |
YoY Change | -100.0% | -12045.54% | |
Cash From Investing Activities | -$114.4K | $0.00 | $254.4K |
YoY Change | -100.0% | -12040.08% | |
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 | 443.2K | -5.000K |
YoY Change | -100.0% | 121.6% | -100.42% |
NET CHANGE | |||
Cash From Operating Activities | -2.186M | -128.3K | -249.4K |
Cash From Investing Activities | -114.4K | 0.000 | 254.4K |
Cash From Financing Activities | 0.000 | 443.2K | -5.000K |
Net Change In Cash | -2.301M | 314.9K | 0.000 |
YoY Change | -830.71% | -19.21% | -100.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.186M | -$128.3K | -$249.4K |
Capital Expenditures | -$114.4K | $0.00 | $0.00 |
Free Cash Flow | -$2.072M | -$128.3K | -$249.4K |
YoY Change | 1514.6% | -80.14% | -78.53% |
Facts In Submission
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Assets
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Financing Activities
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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|
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Conversion Of Stock To Equity Amount
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Conversion Of Stock To Equity Amount
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|
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Net Income Loss Attributable To Parent Diluted
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Net Cash Provided By Used In Operating Activities
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|
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Working Capital Deficit
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Property Plant And Equipment Gross
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|
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Property Plant And Equipment Net
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Depreciation
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|
5314195 | |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5471953 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1018464 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1049018 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
480000 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
988800 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1080488 | |
CY2021Q2 | asti |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
2259194 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
6875964 | |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1404011 | |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5471953 | |
CY2021Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.070 | |
CY2021Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
589343 | |
CY2020Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
525626 | |
CY2021Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
100 | |
CY2021Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
17 | |
CY2020Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
8805 | |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
589460 | |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
534431 | |
asti |
Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
|
1 | ||
CY2021Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18345583473 | |
CY2021Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | |
CY2021Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2020Q4 | us-gaap |
Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
|
5303984 | |
asti |
Extinguishment Of Derivative Liability
ExtinguishmentOfDerivativeLiability
|
5303984 | ||
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000000 | |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 |