2019 Form 10-K Financial Statement
#000155837020001509 Filed on February 27, 2020
Income Statement
| Concept | 2019 |
|---|---|
| Revenue | $7.730M |
| YoY Change | 7.11% |
| Cost Of Revenue | $2.377M |
| YoY Change | 3.84% |
| Gross Profit | $5.353M |
| YoY Change | 8.62% |
| Gross Profit Margin | 69.25% |
| Selling, General & Admin | $4.396M |
| YoY Change | 22.76% |
| % of Gross Profit | 82.12% |
| Research & Development | $7.917M |
| YoY Change | 12.08% |
| % of Gross Profit | 147.9% |
| Depreciation & Amortization | $1.098M |
| YoY Change | -6.23% |
| % of Gross Profit | 20.51% |
| Operating Expenses | $10.40M |
| YoY Change | 51.0% |
| Operating Profit | -$5.048M |
| YoY Change | 157.55% |
| Interest Expense | -$303.0K |
| YoY Change | -1182.14% |
| % of Operating Profit | |
| Other Income/Expense, Net | $0.00 |
| YoY Change | |
| Pretax Income | -$5.351M |
| YoY Change | 176.97% |
| Income Tax | $35.00K |
| % Of Pretax Income | |
| Net Earnings | -$5.386M |
| YoY Change | 176.92% |
| Net Earnings / Revenue | -69.68% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | -$53.30K |
| COMMON SHARES | |
| Basic Shares Outstanding | 101.1M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $4.593M |
| YoY Change | 26.77% |
| Cash & Equivalents | $4.593M |
| Short-Term Investments | $0.00 |
| Other Short-Term Assets | $923.0K |
| YoY Change | 49.11% |
| Inventory | $231.0K |
| Prepaid Expenses | |
| Receivables | $448.0K |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $6.195M |
| YoY Change | 24.75% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $6.651M |
| YoY Change | -6.44% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $511.0K |
| YoY Change | -10.19% |
| Total Long-Term Assets | $7.162M |
| YoY Change | -6.72% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $6.195M |
| Total Long-Term Assets | $7.162M |
| Total Assets | $13.36M |
| YoY Change | 5.64% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $1.111M |
| YoY Change | 210.34% |
| Accrued Expenses | $724.0K |
| YoY Change | -46.13% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $4.423M |
| YoY Change | 94.5% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | $3.333M |
| YoY Change | 11.1% |
| Total Long-Term Liabilities | $3.333M |
| YoY Change | 11.1% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $4.423M |
| Total Long-Term Liabilities | $3.333M |
| Total Liabilities | $7.756M |
| YoY Change | 47.06% |
| 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 | $5.601M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $13.36M |
| YoY Change | 5.64% |
Cashflow Statement
| Concept | 2019 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$5.386M |
| YoY Change | 176.92% |
| Depreciation, Depletion And Amortization | $1.098M |
| YoY Change | -6.23% |
| Cash From Operating Activities | -$4.395M |
| YoY Change | -23.04% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$38.00K |
| YoY Change | -75.0% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $3.257M |
| YoY Change | -36.1% |
| Cash From Investing Activities | $3.219M |
| YoY Change | -34.9% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 2.476M |
| YoY Change | 206.06% |
| NET CHANGE | |
| Cash From Operating Activities | -4.395M |
| Cash From Investing Activities | 3.219M |
| Cash From Financing Activities | 2.476M |
| Net Change In Cash | 1.300M |
| YoY Change | 2923.26% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$4.395M |
| Capital Expenditures | -$38.00K |
| Free Cash Flow | -$4.357M |
| YoY Change | -21.62% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
101058219 |
