2021 Q3 Form 10-Q Financial Statement
#000149315221029612 Filed on November 22, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| Revenue | $2.232M | $980.0K | $4.250M |
| YoY Change | -47.48% | -136.03% | 20.4% |
| Cost Of Revenue | $1.532M | $1.430M | $2.670M |
| YoY Change | -42.63% | -149.65% | 5.12% |
| Gross Profit | $700.2K | -$440.0K | $1.580M |
| YoY Change | -55.69% | -358.82% | 59.6% |
| Gross Profit Margin | 31.37% | -44.9% | 37.18% |
| Selling, General & Admin | $25.87M | $1.840M | $3.470M |
| YoY Change | 645.52% | -57.7% | 5.15% |
| % of Gross Profit | 3694.84% | 219.62% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $3.932M | $410.0K | $330.0K |
| YoY Change | 1091.49% | 10.81% | 3.13% |
| % of Gross Profit | 561.58% | 20.89% | |
| Operating Expenses | $25.87M | $1.840M | $3.470M |
| YoY Change | 645.52% | -77.75% | 5.15% |
| Operating Profit | -$25.17M | -$2.280M | -$1.890M |
| YoY Change | 1231.71% | -71.85% | -18.18% |
| Interest Expense | -$27.63M | -$820.0K | -$1.000M |
| YoY Change | 2662.63% | 95.24% | 185.71% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$493.4M | -$4.890M | |
| YoY Change | -16400.0% | ||
| Pretax Income | -$546.2M | -$3.080M | -$2.870M |
| YoY Change | 18931.19% | -63.76% | 9.13% |
| Income Tax | $20.00K | ||
| % Of Pretax Income | |||
| Net Earnings | -$542.5M | -$1.960M | -$2.830M |
| YoY Change | 19068.31% | -72.7% | 9.69% |
| Net Earnings / Revenue | -24304.01% | -200.0% | -66.59% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$7.585M | -$206.3K | -$303.6K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 71.52M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $50.22M | $1.270M | $380.0K |
| YoY Change | 13115.67% | 209.76% | -68.6% |
| Cash & Equivalents | $49.94M | $249.4K | $380.0K |
| Short-Term Investments | $282.0K | $1.020M | |
| Other Short-Term Assets | $103.9M | $780.0K | $1.530M |
| YoY Change | 6687.95% | -15.22% | 53.0% |
| Inventory | $789.7K | $1.128M | $1.520M |
| Prepaid Expenses | |||
| Receivables | $1.901M | $1.382M | $3.150M |
| Other Receivables | $18.15M | $0.00 | $140.0K |
| Total Short-Term Assets | $174.9M | $5.342M | $6.720M |
| YoY Change | 2502.92% | 7.71% | 28.24% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.053M | $1.011M | $1.520M |
| YoY Change | -30.74% | -39.11% | -14.61% |
| Goodwill | $5.984M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $0.00 | ||
| YoY Change | |||
| Total Long-Term Assets | $162.0M | $22.69M | $17.69M |
| YoY Change | 815.76% | 21.64% | -24.37% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $174.9M | $5.342M | $6.720M |
| Total Long-Term Assets | $162.0M | $22.69M | $17.69M |
| Total Assets | $336.9M | $28.03M | $24.41M |
| YoY Change | 1280.23% | 18.71% | -14.74% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.587M | $3.618M | $3.020M |
| YoY Change | 85.0% | -51.1% | -56.42% |
| Accrued Expenses | $3.124M | $2.200M | $1.900M |
| YoY Change | 64.42% | 17.65% | -11.21% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $1.500M | $1.620M |
| YoY Change | -100.0% | -17.58% | -5.81% |
| Long-Term Debt Due | $2.530M | ||
| YoY Change | 143.27% | ||
| Total Short-Term Liabilities | $37.43M | $11.29M | $10.12M |
| YoY Change | 269.84% | -12.99% | -15.88% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.873M | $3.160M | $3.410M |
| YoY Change | -15.74% | 17.04% | -31.94% |
| Other Long-Term Liabilities | $468.6M | $60.00K | $260.0K |
| YoY Change | 180135.65% | -87.5% | -50.94% |
| Total Long-Term Liabilities | $471.5M | $3.220M | $3.670M |
| YoY Change | 12747.03% | 1.26% | -33.75% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $37.43M | $11.29M | $10.12M |
| Total Long-Term Liabilities | $471.5M | $3.220M | $3.670M |
| Total Liabilities | $531.1M | $14.51M | $12.65M |
| YoY Change | 4098.46% | -8.42% | -31.62% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$23.65M | ||
| YoY Change | |||
| Common Stock | $14.47K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$194.2M | $15.42M | $11.76M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $336.9M | $28.03M | $24.41M |
| YoY Change | 1280.23% | 18.71% | -14.74% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$542.5M | -$1.960M | -$2.830M |
| YoY Change | 19068.31% | -72.7% | 9.69% |
| Depreciation, Depletion And Amortization | $3.932M | $410.0K | $330.0K |
| YoY Change | 1091.49% | 10.81% | 3.13% |
| Cash From Operating Activities | -$12.00M | $870.0K | -$820.0K |
| YoY Change | 1363.98% | -131.75% | 115.79% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$192.5K | -$1.640M | -$130.0K |
| YoY Change | 48.1% | 3180.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$93.91M | $180.0K | |
| YoY Change | |||
| Cash From Investing Activities | -$94.10M | -$1.460M | -$130.0K |
| YoY Change | 72287.48% | 2820.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 181.3M | 440.0K | -420.0K |
| YoY Change | -43264.13% | -77.89% | -333.33% |
| NET CHANGE | |||
| Cash From Operating Activities | -12.00M | 870.0K | -820.0K |
| Cash From Investing Activities | -94.10M | -1.460M | -130.0K |
| Cash From Financing Activities | 181.3M | 440.0K | -420.0K |
| Net Change In Cash | 75.18M | -150.0K | -1.370M |
| YoY Change | -5587.66% | -81.25% | 585.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$12.00M | $870.0K | -$820.0K |
| Capital Expenditures | -$192.5K | -$1.640M | -$130.0K |
| Free Cash Flow | -$11.81M | $2.510M | -$690.0K |
| YoY Change | 1611.9% | -193.31% | 81.58% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Restricted Cash
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Assets Held For Sale Not Part Of Disposal Group Current
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Long Term Debt Current
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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