2024 Q4 Form 10-Q Financial Statement

#000155479524000284 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $36.15K
YoY Change -27.7%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $36.15K
YoY Change -31.09%
Operating Profit -$36.15K
YoY Change -31.09%
Interest Expense $2.998K
YoY Change -92.34%
% of Operating Profit
Other Income/Expense, Net -$2.998K
YoY Change -124.21%
Pretax Income -$39.15K
YoY Change -2.31%
Income Tax
% Of Pretax Income
Net Earnings -$39.15K
YoY Change -2.31%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 32.80M shares 32.80M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.00
YoY Change -95.4%
Cash & Equivalents $461.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $461.00
YoY Change -97.12%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $461.00
Total Long-Term Assets $0.00
Total Assets $461.00
YoY Change -97.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.000K
YoY Change
Accrued Expenses $17.88K
YoY Change -70.2%
Deferred Revenue
YoY Change
Short-Term Debt $155.6K
YoY Change -2.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $230.1K
YoY Change -38.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $230.1K
Total Long-Term Liabilities $0.00
Total Liabilities $230.1K
YoY Change -38.35%
SHAREHOLDERS EQUITY
Retained Earnings -$17.60M
YoY Change 1.56%
Common Stock $32.80K
YoY Change 32.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$229.6K
YoY Change
Total Liabilities & Shareholders Equity $461.00
YoY Change -97.12%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$39.15K
YoY Change -2.31%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$32.95K
YoY Change -34.1%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 26.20K
YoY Change -12.67%
NET CHANGE
Cash From Operating Activities -32.95K
Cash From Investing Activities
Cash From Financing Activities 26.20K
Net Change In Cash -6.750K
YoY Change -66.25%
FREE CASH FLOW
Cash From Operating Activities -$32.95K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Use Of Estimates
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<p id="xdx_841_eus-gaap--UseOfEstimates_zDKM2MFGXmHk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86C_znaf2RE3ZXjd">Use of estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</p>
us-gaap Concentration Risk Credit Risk
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<p id="xdx_846_eus-gaap--ConcentrationRiskCreditRisk_zqpLv7YCWvCd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_861_zIOnjpVGV0Sg">Concentrations of Credit Risk</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.</p>
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