2022 Q1 Form 10-Q Financial Statement
#000149315222013523 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $3.764M | $584.0K |
| YoY Change | 544.52% | 284.21% |
| % of Gross Profit | ||
| Research & Development | $7.255M | $2.196M |
| YoY Change | 230.37% | 82.09% |
| % of Gross Profit | ||
| Depreciation & Amortization | $11.00K | $2.000K |
| YoY Change | 450.0% | |
| % of Gross Profit | ||
| Operating Expenses | $11.02M | $2.780M |
| YoY Change | 296.37% | 104.71% |
| Operating Profit | -$11.02M | |
| YoY Change | ||
| Interest Expense | $109.0K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | -$1.000K |
| YoY Change | -100.0% | -97.5% |
| Pretax Income | -$10.91M | -$2.781M |
| YoY Change | 292.3% | 93.66% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$10.91M | -$2.781M |
| YoY Change | 292.3% | 93.66% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.45 | |
| Diluted Earnings Per Share | -$446.9K | -$120.3K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 24.41M | |
| Diluted Shares Outstanding | 24.41M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $161.1M | $8.641M |
| YoY Change | 1764.04% | |
| Cash & Equivalents | $28.14M | |
| Short-Term Investments | $132.9M | |
| Other Short-Term Assets | $4.813M | $963.0K |
| YoY Change | 399.79% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $165.9M | $9.604M |
| YoY Change | 1627.25% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $787.0K | $37.00K |
| YoY Change | 2027.03% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $327.0K | $307.0K |
| YoY Change | 6.51% | |
| Total Long-Term Assets | $1.114M | $344.0K |
| YoY Change | 223.84% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $165.9M | $9.604M |
| Total Long-Term Assets | $1.114M | $344.0K |
| Total Assets | $167.0M | $9.948M |
| YoY Change | 1578.72% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.863M | $1.550M |
| YoY Change | 84.71% | |
| Accrued Expenses | $1.599M | $200.0K |
| YoY Change | 699.5% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.703M | $1.782M |
| YoY Change | 163.92% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $349.0K | |
| YoY Change | ||
| Total Long-Term Liabilities | $349.0K | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.703M | $1.782M |
| Total Long-Term Liabilities | $349.0K | $0.00 |
| Total Liabilities | $5.052M | $1.782M |
| YoY Change | 183.5% | |
| 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 | $161.9M | -$16.12M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $167.0M | $9.948M |
| YoY Change | 1578.72% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$10.91M | -$2.781M |
| YoY Change | 292.3% | 93.66% |
| Depreciation, Depletion And Amortization | $11.00K | $2.000K |
| YoY Change | 450.0% | |
| Cash From Operating Activities | -$5.661M | -$3.775M |
| YoY Change | 49.96% | 219.1% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$28.00K | -$40.00K |
| YoY Change | -30.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$20.37M | |
| YoY Change | ||
| Cash From Investing Activities | -$20.40M | -$40.00K |
| YoY Change | 50897.5% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 7.883M | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -5.661M | -3.775M |
| Cash From Investing Activities | -20.40M | -40.00K |
| Cash From Financing Activities | 7.883M | |
| Net Change In Cash | $0.00 | 4.068M |
| YoY Change | -100.0% | -443.87% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.661M | -$3.775M |
| Capital Expenditures | -$28.00K | -$40.00K |
| Free Cash Flow | -$5.633M | -$3.735M |
| YoY Change | 50.82% | 215.72% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Commitments And Contingencies
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Capital Expenditures Incurred But Not Yet Paid
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Deferred Offering Costs Included In Accounts Payable
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