2021 Form 10-K Financial Statement
#000149315222009946 Filed on April 14, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $14.39M | $12.84M |
| YoY Change | 12.08% | -15.14% |
| Cost Of Revenue | $1.628M | $1.624M |
| YoY Change | 0.26% | -36.07% |
| Gross Profit | $12.76M | $11.21M |
| YoY Change | 13.79% | -10.92% |
| Gross Profit Margin | 88.68% | 87.35% |
| Selling, General & Admin | $21.06M | $16.38M |
| YoY Change | 28.58% | -4.89% |
| % of Gross Profit | 165.06% | 146.08% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $1.649M | $1.722M |
| YoY Change | -4.25% | 10.92% |
| % of Gross Profit | 12.93% | 15.36% |
| Operating Expenses | $22.71M | $17.68M |
| YoY Change | 28.4% | -5.79% |
| Operating Profit | -$9.949M | -$6.473M |
| YoY Change | 53.71% | 4.64% |
| Interest Expense | -$501.2K | -$557.0K |
| YoY Change | -10.02% | -37.41% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $240.00 | $10.00 |
| YoY Change | 2300.0% | -100.06% |
| Pretax Income | -$10.54M | -$5.542M |
| YoY Change | 90.21% | -20.27% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$10.54M | -$5.542M |
| YoY Change | 90.21% | -14.7% |
| Net Earnings / Revenue | -73.28% | -43.18% |
| Basic Earnings Per Share | -$0.47 | |
| Diluted Earnings Per Share | -$467.5K | -$501.6K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 22.55M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.119M | $2.624M |
| YoY Change | 171.31% | 602.17% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $739.2K | $619.7K |
| YoY Change | 19.28% | -34.46% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.209M | $1.514M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $9.068M | $4.757M |
| YoY Change | 90.6% | 84.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $7.272M | $5.593M |
| YoY Change | 30.01% | -24.53% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $430.9K | $743.3K |
| YoY Change | -42.03% | -39.04% |
| Total Long-Term Assets | $18.16M | $14.99M |
| YoY Change | 21.17% | -15.99% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.068M | $4.757M |
| Total Long-Term Assets | $18.16M | $14.99M |
| Total Assets | $27.23M | $19.75M |
| YoY Change | 37.9% | -3.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.520M | $1.690M |
| YoY Change | 49.11% | -41.92% |
| Accrued Expenses | $1.478M | $1.078M |
| YoY Change | 37.1% | 5.16% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $273.5K | $2.546M |
| YoY Change | -89.25% | 76.77% |
| Total Short-Term Liabilities | $4.934M | $5.950M |
| YoY Change | -17.08% | -1.9% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $134.0K | $2.007M |
| YoY Change | -93.33% | -7.74% |
| Other Long-Term Liabilities | $4.208M | $3.975M |
| YoY Change | 5.86% | -6.23% |
| Total Long-Term Liabilities | $4.342M | $5.982M |
| YoY Change | -27.42% | -6.74% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.934M | $5.950M |
| Total Long-Term Liabilities | $4.342M | $5.982M |
| Total Liabilities | $9.276M | $9.314M |
| YoY Change | -0.41% | -10.45% |
| 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 | $17.95M | $10.43M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $27.23M | $19.75M |
| YoY Change | 37.9% | -3.29% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$10.54M | -$5.542M |
| YoY Change | 90.21% | -14.7% |
| Depreciation, Depletion And Amortization | $1.649M | $1.722M |
| YoY Change | -4.25% | 10.92% |
| Cash From Operating Activities | -$7.591M | -$5.993M |
| YoY Change | 26.66% | 47.3% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$763.5K | -$126.0K |
| YoY Change | 505.96% | -89.5% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$1.694M | -$443.8K |
| YoY Change | 281.76% | -401.67% |
| Cash From Investing Activities | -$2.458M | -$569.7K |
| YoY Change | 331.34% | -45.9% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 14.54M | 8.813M |
| YoY Change | 65.02% | 66.25% |
| NET CHANGE | ||
| Cash From Operating Activities | -7.591M | -5.993M |
| Cash From Investing Activities | -2.458M | -569.7K |
| Cash From Financing Activities | 14.54M | 8.813M |
| Net Change In Cash | 4.495M | 2.250M |
| YoY Change | 99.76% | 1154.47% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$7.591M | -$5.993M |
| Capital Expenditures | -$763.5K | -$126.0K |
| Free Cash Flow | -$6.828M | -$5.867M |
| YoY Change | 16.36% | 104.54% |
Facts In Submission
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