2021 Q1 Form 10-Q Financial Statement
#000092661721000057 Filed on May 14, 2021
Income Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
Revenue | $1.496M | $1.220M |
YoY Change | 22.62% | 51.93% |
Cost Of Revenue | $893.0K | $800.0K |
YoY Change | 11.63% | 15.27% |
Gross Profit | $603.0K | $420.0K |
YoY Change | 43.57% | 285.32% |
Gross Profit Margin | 40.31% | 34.43% |
Selling, General & Admin | $5.617M | $3.825M |
YoY Change | 46.85% | 5.69% |
% of Gross Profit | 931.51% | 910.71% |
Research & Development | $872.0K | $395.0K |
YoY Change | 120.76% | 89.0% |
% of Gross Profit | 144.61% | 94.05% |
Depreciation & Amortization | $90.00K | $56.00K |
YoY Change | 60.71% | -54.84% |
% of Gross Profit | 14.93% | 13.33% |
Operating Expenses | $6.489M | $4.220M |
YoY Change | 53.77% | 10.24% |
Operating Profit | -$5.886M | -$3.800M |
YoY Change | 54.89% | 2.18% |
Interest Expense | -$20.00K | $10.00K |
YoY Change | -300.0% | 0.0% |
% of Operating Profit | ||
Other Income/Expense, Net | -$10.00K | $86.00K |
YoY Change | -111.63% | -2250.0% |
Pretax Income | -$5.920M | -$3.710M |
YoY Change | 59.57% | -0.27% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$5.920M | -$3.706M |
YoY Change | 59.74% | -0.27% |
Net Earnings / Revenue | -395.72% | -303.77% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$54.48K | -$38.13K |
COMMON SHARES | ||
Basic Shares Outstanding | 111.7M | 97.29M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $59.40M | $8.100M |
YoY Change | 633.33% | 30.65% |
Cash & Equivalents | $59.37M | $8.132M |
Short-Term Investments | ||
Other Short-Term Assets | $1.000M | $800.0K |
YoY Change | 25.0% | 33.33% |
Inventory | $71.00K | $63.00K |
Prepaid Expenses | ||
Receivables | $952.0K | $946.0K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $61.37M | $9.986M |
YoY Change | 514.59% | 31.81% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $533.0K | $318.0K |
YoY Change | 67.61% | -40.11% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $0.00 | $49.00K |
YoY Change | -100.0% | -66.67% |
Total Long-Term Assets | $924.0K | $367.0K |
YoY Change | 151.77% | -45.87% |
TOTAL ASSETS | ||
Total Short-Term Assets | $61.37M | $9.986M |
Total Long-Term Assets | $924.0K | $367.0K |
Total Assets | $62.30M | $10.35M |
YoY Change | 501.73% | 25.43% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.587M | $1.595M |
YoY Change | -0.5% | 37.86% |
Accrued Expenses | $3.471M | $2.164M |
YoY Change | 60.4% | 15.17% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $400.0K | $194.0K |
YoY Change | 106.19% | 2.11% |
Long-Term Debt Due | $201.0K | |
YoY Change | ||
Total Short-Term Liabilities | $6.100M | $3.985M |
YoY Change | 53.07% | 19.45% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.718M | $1.050M |
YoY Change | 158.86% | -15.59% |
Other Long-Term Liabilities | $400.0K | $16.00K |
YoY Change | 2400.0% | -56.76% |
Total Long-Term Liabilities | $2.718M | $1.066M |
YoY Change | 154.97% | -16.78% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.100M | $3.985M |
Total Long-Term Liabilities | $2.718M | $1.066M |
Total Liabilities | $10.00M | $5.051M |
YoY Change | 97.98% | 9.4% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$446.0M | -$425.9M |
YoY Change | 4.72% | 3.71% |
Common Stock | $112.0K | $97.00K |
YoY Change | 15.46% | 29.33% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $52.33M | $5.302M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $62.30M | $10.35M |
YoY Change | 501.73% | 25.43% |
Cashflow Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$5.920M | -$3.706M |
YoY Change | 59.74% | -0.27% |
Depreciation, Depletion And Amortization | $90.00K | $56.00K |
YoY Change | 60.71% | -54.84% |
Cash From Operating Activities | -$5.255M | -$3.501M |
YoY Change | 50.1% | 12.64% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $41.00K | $23.00K |
YoY Change | 78.26% | -53.06% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | -$41.00K | -$23.00K |
YoY Change | 78.26% | -52.08% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $48.24M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 48.03M | -47.00K |
YoY Change | -102300.0% | 56.67% |
NET CHANGE | ||
Cash From Operating Activities | -5.255M | -3.501M |
Cash From Investing Activities | -41.00K | -23.00K |
Cash From Financing Activities | 48.03M | -47.00K |
Net Change In Cash | 42.74M | -3.571M |
YoY Change | -1296.81% | 12.08% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$5.255M | -$3.501M |
Capital Expenditures | $41.00K | $23.00K |
Free Cash Flow | -$5.296M | -$3.524M |
YoY Change | 50.28% | 11.62% |
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48236000 | |
CY2020Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1000 | |
CY2021Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
317000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
583000 | |
CY2021Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
533000 | |
CY2020Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
48000 | |
CY2021Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
3000 | |
CY2020Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
395000 | |
CY2021Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
872000 | |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-440066000 | |
CY2021Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-445986000 | |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
1220000 | |
CY2021Q1 | us-gaap |
Revenues
Revenues
|
1496000 | |
CY2020Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2115000 | |
CY2021Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3108000 | |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
269000 | |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
489000 | |
CY2020Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
269000 | |
CY2021Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
489000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8738000 | |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5302000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9719000 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
52325000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
47720000 | |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
317000 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
97287461 | |
CY2021Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
108661712 |