2021 Form 10-K Financial Statement
#000121390022001080 Filed on January 07, 2022
Income Statement
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| Revenue | $2.423M | $831.9K | $4.455M |
| YoY Change | -45.61% | -51.01% | 213.75% |
| Cost Of Revenue | $1.554M | $551.5K | $3.351M |
| YoY Change | -53.65% | -61.86% | 181.63% |
| Gross Profit | $869.5K | $280.3K | $1.104M |
| YoY Change | -21.22% | 11.3% | 379.89% |
| Gross Profit Margin | 35.88% | 33.7% | 24.77% |
| Selling, General & Admin | $2.835M | $766.2K | $2.830M |
| YoY Change | 0.17% | 12.55% | 298.61% |
| % of Gross Profit | 326.04% | 273.32% | 256.41% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $7.370K | $2.770K | $11.09K |
| YoY Change | -33.54% | -99.0% | |
| % of Gross Profit | 0.85% | 0.99% | 1.0% |
| Operating Expenses | $2.842M | $769.0K | $2.841M |
| YoY Change | 0.04% | 2.54% | 294.62% |
| Operating Profit | -$1.973M | -$488.7K | -$1.737M |
| YoY Change | 13.54% | -1.9% | 254.59% |
| Interest Expense | -$1.446M | -$428.5K | -$1.598M |
| YoY Change | -9.52% | 287.27% | 370.07% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$90.68K | ||
| YoY Change | |||
| Pretax Income | -$1.882M | -$591.7K | -$4.328M |
| YoY Change | -56.52% | -82.51% | 546.02% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.882M | -$591.7K | -$4.328M |
| YoY Change | -56.52% | -82.51% | 546.02% |
| Net Earnings / Revenue | -77.68% | -71.12% | -97.15% |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | -$1.321K | -$6.361K | -$46.54K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 1.425B shares | ||
| Diluted Shares Outstanding | 1.425B shares |
Balance Sheet
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $986.0K | $164.0K | $164.0K |
| YoY Change | 501.15% | 9.46% | 2.51% |
| Cash & Equivalents | $164.0K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $28.88K | $35.40K | $35.40K |
| YoY Change | -18.42% | 678.02% | |
| Inventory | $61.84K | $44.60K | $44.60K |
| Prepaid Expenses | |||
| Receivables | $128.4K | $349.4K | $349.4K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $1.205M | $593.4K | $593.4K |
| YoY Change | 103.07% | -44.26% | -40.66% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $87.21K | $147.6K | $147.6K |
| YoY Change | -40.92% | 641.01% | 638.05% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $119.7K | ||
| YoY Change | |||
| Total Long-Term Assets | $251.5K | $147.6K | $147.6K |
| YoY Change | 70.4% | 641.01% | 1376.1% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.205M | $593.4K | $593.4K |
| Total Long-Term Assets | $251.5K | $147.6K | $147.6K |
| Total Assets | $1.457M | $741.0K | $741.0K |
| YoY Change | 96.57% | -31.68% | -26.63% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.667M | $2.833M | $2.833M |
| YoY Change | -5.85% | -10.45% | -15.19% |
| Accrued Expenses | $4.368M | $3.648M | $3.648M |
| YoY Change | 19.76% | 91.33% | 49.49% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $877.9K | $941.6K | $941.6K |
| YoY Change | -6.77% | -23.42% | -30.25% |
| Long-Term Debt Due | $7.833M | $9.214M | $9.214M |
| YoY Change | -14.99% | 13.83% | 16.93% |
| Total Short-Term Liabilities | $15.91M | $16.81M | $16.81M |
| YoY Change | -5.31% | 14.36% | 10.65% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $303.2K | $1.791M | $1.791M |
| YoY Change | -83.07% | 39.63% | 42.17% |
| Other Long-Term Liabilities | $34.81K | $86.99K | $86.99K |
| YoY Change | -59.98% | ||
| Total Long-Term Liabilities | $338.0K | $1.878M | $1.878M |
| YoY Change | -82.0% | 46.41% | 49.07% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $15.91M | $16.81M | $16.81M |
| Total Long-Term Liabilities | $338.0K | $1.878M | $1.878M |
| Total Liabilities | $16.25M | $18.69M | $18.69M |
| YoY Change | -13.02% | 16.93% | 13.59% |
| 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 | -$14.80M | -$17.94M | -$17.94M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.457M | $741.0K | $741.0K |
| YoY Change | 96.57% | -31.68% | -26.63% |
Cashflow Statement
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