2021 Q1 Form 10-Q Financial Statement

#000119312521162338 Filed on May 17, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $32.68M $15.07M
YoY Change
% of Gross Profit
Research & Development $159.1M $51.53M
YoY Change
% of Gross Profit
Depreciation & Amortization $5.994M
YoY Change
% of Gross Profit
Operating Expenses $191.8M $66.60M
YoY Change
Operating Profit -$191.8M
YoY Change
Interest Expense -$2.020M $75.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.015M -$6.000K
YoY Change
Pretax Income -$191.3M -$66.53M
YoY Change
Income Tax -$2.644M $1.000K
% Of Pretax Income
Net Earnings -$188.6M -$66.53M
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share -$0.39
Diluted Earnings Per Share -$0.39 -$66.89K
COMMON SHARES
Basic Shares Outstanding 483.6M shares
Diluted Shares Outstanding 483.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $760.0K
YoY Change
Cash & Equivalents $757.6K $387.3M
Short-Term Investments
Other Short-Term Assets $1.510M
YoY Change
Inventory
Prepaid Expenses $1.506M $6.380K
Receivables
Other Receivables
Total Short-Term Assets $2.264M $406.4M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $10.90M
YoY Change
Goodwill $30.05M
YoY Change
Intangibles $52.70M
YoY Change
Long-Term Investments $977.5M $0.00
YoY Change
Other Assets $15.63M
YoY Change
Total Long-Term Assets $979.2M $212.4M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $2.264M $406.4M
Total Long-Term Assets $979.2M $212.4M
Total Assets $981.4M $618.9M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.95K $6.502M
YoY Change
Accrued Expenses $359.7K $3.412M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $90.00K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.016M $31.95M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $70.30M $25.00K
YoY Change
Total Long-Term Liabilities $70.30M $25.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.016M $31.95M
Total Long-Term Liabilities $70.30M $25.00K
Total Liabilities $71.41M $132.2M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$1.202M -$18.62K
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $520.2M -$276.6M
YoY Change
Total Liabilities & Shareholders Equity $981.4M $618.9M
YoY Change

Cashflow Statement

Concept 2021 Q1 2020 Q4
OPERATING ACTIVITIES
Net Income -$188.6M -$66.53M
YoY Change
Depreciation, Depletion And Amortization $5.994M
YoY Change
Cash From Operating Activities -$151.0M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $3.381M
YoY Change
Acquisitions -$294.4M
YoY Change
Other Investing Activities -$977.5M
YoY Change
Cash From Investing Activities $291.1M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $617.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $398.5M
YoY Change
NET CHANGE
Cash From Operating Activities -$151.0M
Cash From Investing Activities $291.1M
Cash From Financing Activities $398.5M
Net Change In Cash $538.6M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$151.0M
Capital Expenditures $3.381M
Free Cash Flow -$154.4M
YoY Change

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<div style="font-family: times new roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt; margin-left: 4%;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentration of Credit Risk</div></div></div></div> <div style="text-indent: 4%; font-family: times new roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage limit of $250,000. As of March&#160;31, 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts </div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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