$AVAI
AVANT TECHNOLOGIES INC.

2021 Q1 Form 10-K Financial Statement

#000174079721000014 Filed on July 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2021 2020
Revenue $405.5K $1.214M $717.5K
YoY Change -43.0% 69.23%
Cost Of Revenue $247.9K $1.231M $461.1K
YoY Change -46.25% 166.88%
Gross Profit $157.6K -$16.53K $256.3K
YoY Change -37.03% -106.45%
Gross Profit Margin 38.87% -1.36% 35.73%
Selling, General & Admin $128.1K $230.4K $259.8K
YoY Change -41.21% -11.3% 232.08%
% of Gross Profit 81.29% 101.35%
Research & Development $0.00 $27.04K
YoY Change -100.0%
% of Gross Profit 10.55%
Depreciation & Amortization $13.73K $53.93K $36.94K
YoY Change -58.37% 45.99% 669.58%
% of Gross Profit 8.71% 14.41%
Operating Expenses $142.3K $287.2K $325.9K
YoY Change -39.94% -11.88% 316.62%
Operating Profit $15.37K -$303.7K -$69.59K
YoY Change 14.28% 336.44%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $360.00 $1.430K
YoY Change
Pretax Income $15.73K -$302.3K -$69.59K
YoY Change 16.95% 334.39% -11.04%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $15.73K -$302.3K -$69.59K
YoY Change 16.95% 334.39% -11.04%
Net Earnings / Revenue 3.88% -24.9% -9.7%
Basic Earnings Per Share
Diluted Earnings Per Share $598.50 -$11.50K -$3.420K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.36K $60.36K $27.30K
YoY Change 121.1% 121.1% 27200.0%
Cash & Equivalents $60.36K $60.36K $27.30K
Short-Term Investments
Other Short-Term Assets $204.9K $204.9K $10.40K
YoY Change 2103.66% 1870.58% -59.01%
Inventory $0.00 $0.00 $110.00
Prepaid Expenses
Receivables $63.63K $63.63K $29.57K
Other Receivables $291.4K $291.4K $80.98K
Total Short-Term Assets $620.3K $620.3K $148.4K
YoY Change 318.1% 318.1% 482.49%
LONG-TERM ASSETS
Property, Plant & Equipment $23.21K $23.21K $51.35K
YoY Change -54.8% -54.8% 914.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.940K $1.940K $1.960K
YoY Change -1.02% -1.02%
Total Long-Term Assets $196.0K $196.0K $271.6K
YoY Change -27.85% -27.85% 5278.42%
TOTAL ASSETS
Total Short-Term Assets $620.3K $620.3K $148.4K
Total Long-Term Assets $196.0K $196.0K $271.6K
Total Assets $816.3K $816.3K $420.0K
YoY Change 94.36% 94.36% 1276.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $270.9K $270.9K $50.82K
YoY Change 433.1% 433.1% 747.0%
Accrued Expenses $73.72K $73.72K $13.87K
YoY Change 431.51% 431.51%
Deferred Revenue
YoY Change
Short-Term Debt $423.8K $423.8K $390.2K
YoY Change 8.61% 8.61% 472.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.144M $1.144M $457.7K
YoY Change 149.9% 149.9% 471.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.144M $1.144M $457.7K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.144M $1.144M $457.7K
YoY Change 149.9% 149.9% 471.08%
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 -$327.4K -$327.4K -$37.69K
YoY Change
Total Liabilities & Shareholders Equity $816.3K $816.3K $420.0K
YoY Change 94.36% 94.36% 1276.05%

Cashflow Statement

Concept 2021 Q1 2021 2020
OPERATING ACTIVITIES
Net Income $15.73K -$302.3K -$69.59K
YoY Change 16.95% 334.39% -11.04%
Depreciation, Depletion And Amortization $13.73K $53.93K $36.94K
YoY Change -58.37% 45.99% 669.58%
Cash From Operating Activities $45.16K -$23.09K $130.7K
YoY Change -64.11% -117.66% -255.3%
INVESTING ACTIVITIES
Capital Expenditures -$301.5K
YoY Change 2957.71%
Acquisitions
YoY Change
Other Investing Activities $1.200K $21.37K $30.11K
YoY Change -96.01% -29.03%
Cash From Investing Activities $1.200K $21.37K -$271.4K
YoY Change -101.04% -107.87% 2652.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.50K 34.79K 167.9K
YoY Change -195.68% -79.27% 89.8%
NET CHANGE
Cash From Operating Activities 45.16K -23.09K 130.7K
Cash From Investing Activities 1.200K 21.37K -271.4K
Cash From Financing Activities -15.50K 34.79K 167.9K
Net Change In Cash 30.86K 33.07K 27.21K
YoY Change 15.06% 21.54% -586.76%
FREE CASH FLOW
Cash From Operating Activities $45.16K -$23.09K $130.7K
Capital Expenditures -$301.5K
Free Cash Flow $432.2K
YoY Change -681.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2020Q2 us-gaap Convertible Notes Payable Current
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CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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