2021 Form 10-K Financial Statement
#000149315222008586 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $3.609M | $2.475M |
| YoY Change | 45.86% | 70.26% |
| Cost Of Revenue | $546.9K | $303.5K |
| YoY Change | 80.18% | 159.18% |
| Gross Profit | $3.063M | $2.171M |
| YoY Change | 41.06% | 62.47% |
| Gross Profit Margin | 84.85% | 87.73% |
| Selling, General & Admin | $5.700M | $6.072M |
| YoY Change | -6.12% | 15.29% |
| % of Gross Profit | 186.11% | 279.65% |
| Research & Development | $0.00 | |
| YoY Change | -100.0% | |
| % of Gross Profit | 0.0% | |
| Depreciation & Amortization | $1.140M | $1.487M |
| YoY Change | -23.33% | -0.72% |
| % of Gross Profit | 37.24% | 68.5% |
| Operating Expenses | $5.700M | $6.072M |
| YoY Change | -6.12% | 15.2% |
| Operating Profit | -$2.637M | -$3.900M |
| YoY Change | -32.39% | -0.85% |
| Interest Expense | -$3.949M | -$9.924M |
| YoY Change | -60.21% | -281.21% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$3.838M | $0.00 |
| YoY Change | -100.0% | |
| Pretax Income | -$6.475M | -$13.91M |
| YoY Change | -53.44% | 2189.74% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$6.475M | -$13.91M |
| YoY Change | -53.44% | 2189.74% |
| Net Earnings / Revenue | -179.39% | -561.99% |
| Basic Earnings Per Share | -$68.79 | |
| Diluted Earnings Per Share | -$68.37M | -$663.5M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 94.71K shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.205M | $58.78K |
| YoY Change | 1949.9% | 214.84% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $70.80K | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $21.57K | $136.5K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $1.297M | $195.3K |
| YoY Change | 564.29% | 113.81% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $462.7K | $572.6K |
| YoY Change | -19.19% | 15.55% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $31.44K | $31.44K |
| YoY Change | 0.0% | 50.14% |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $1.764M | $2.915M |
| YoY Change | -39.49% | -20.32% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.297M | $195.3K |
| Total Long-Term Assets | $1.764M | $2.915M |
| Total Assets | $3.061M | $3.110M |
| YoY Change | -1.57% | -17.05% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $75.63K | $178.3K |
| YoY Change | -57.59% | -52.99% |
| Accrued Expenses | $350.4K | $384.6K |
| YoY Change | -8.88% | 119.49% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $2.787M | $1.917M |
| YoY Change | 45.39% | -43.81% |
| Total Short-Term Liabilities | $4.503M | $5.615M |
| YoY Change | -19.81% | -40.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.083M | $708.2K |
| YoY Change | 194.07% | 1224.16% |
| Other Long-Term Liabilities | $699.1K | $277.7K |
| YoY Change | 151.74% | -53.55% |
| Total Long-Term Liabilities | $2.782M | $985.9K |
| YoY Change | 182.15% | 51.37% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.503M | $5.615M |
| Total Long-Term Liabilities | $2.782M | $985.9K |
| Total Liabilities | $7.284M | $6.601M |
| YoY Change | 10.36% | -34.94% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$4.223M | -$3.491M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.061M | $3.110M |
| YoY Change | -1.57% | -17.05% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$6.475M | -$13.91M |
| YoY Change | -53.44% | 2189.74% |
| Depreciation, Depletion And Amortization | $1.140M | $1.487M |
| YoY Change | -23.33% | -0.72% |
| Cash From Operating Activities | -$855.5K | -$758.5K |
| YoY Change | 12.8% | -8.44% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$138.3K | -$315.0K |
| YoY Change | -56.09% | 12.52% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$146.4K | |
| YoY Change | ||
| Cash From Investing Activities | -$138.3K | -$461.4K |
| YoY Change | -70.02% | 64.82% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 2.140M | 1.260M |
| YoY Change | 69.84% | 57.08% |
| NET CHANGE | ||
| Cash From Operating Activities | -855.5K | -758.5K |
| Cash From Investing Activities | -138.3K | -461.4K |
| Cash From Financing Activities | 2.140M | 1.260M |
| Net Change In Cash | 1.146M | 40.11K |
| YoY Change | 2757.52% | -113.1% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$855.5K | -$758.5K |
| Capital Expenditures | -$138.3K | -$315.0K |
| Free Cash Flow | -$717.2K | -$443.5K |
| YoY Change | 61.72% | -19.15% |
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