2021 Q4 Form 10-K Financial Statement

#000149315222010110 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4 2020
Revenue $2.302M $980.0K $15.78M
YoY Change 134.94% -136.03% 26.04%
Cost Of Revenue $2.406M $1.430M $11.40M
YoY Change 68.27% -149.65% 51.39%
Gross Profit -$103.8K -$440.0K $4.380M
YoY Change -76.41% -358.82% -12.22%
Gross Profit Margin -4.51% -44.9% 27.76%
Selling, General & Admin $35.47M $1.840M $12.28M
YoY Change 1827.98% -57.7% -12.85%
% of Gross Profit 280.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$1.227M $410.0K $1.350M
YoY Change -399.22% 10.81% 2.27%
% of Gross Profit 30.82%
Operating Expenses $35.47M $1.840M $12.28M
YoY Change 1827.98% -77.75% -12.85%
Operating Profit -$35.58M -$2.280M -$7.900M
YoY Change 1460.47% -71.85% -13.19%
Interest Expense -$30.47M -$820.0K -$3.400M
YoY Change 3615.28% 95.24% 161.54%
% of Operating Profit
Other Income/Expense, Net $141.3M -$4.890M
YoY Change -2990.11% -16400.0%
Pretax Income $71.41M -$3.080M -$6.290M
YoY Change -2418.6% -63.76% -55.74%
Income Tax $189.5K $20.00K $20.00K
% Of Pretax Income 0.27%
Net Earnings $75.43M -$1.960M -$5.150M
YoY Change -3948.39% -72.7% -60.17%
Net Earnings / Revenue 3276.07% -200.0% -32.64%
Basic Earnings Per Share
Diluted Earnings Per Share $594.4K -$206.3K -$490.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.79M $1.270M $1.270M
YoY Change 6812.61% 209.76% 209.76%
Cash & Equivalents $87.61M $249.4K $250.0K
Short-Term Investments $178.0K $1.020M $1.020M
Other Short-Term Assets $110.4M $780.0K $790.0K
YoY Change 14054.28% -15.22% -14.13%
Inventory $475.7K $1.128M $1.690M
Prepaid Expenses
Receivables $1.124M $1.382M $1.600M
Other Receivables $19.95M $0.00 $0.00
Total Short-Term Assets $219.7M $5.342M $5.340M
YoY Change 4013.33% 7.71% 7.66%
LONG-TERM ASSETS
Property, Plant & Equipment $1.377M $1.011M $1.160M
YoY Change 36.2% -39.11% -30.12%
Goodwill $121.6M $5.984M
YoY Change 1931.8%
Intangibles $40.53M
YoY Change
Long-Term Investments $1.000M
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $185.4M $22.69M $22.69M
YoY Change 717.25% 21.64% 21.66%
TOTAL ASSETS
Total Short-Term Assets $219.7M $5.342M $5.340M
Total Long-Term Assets $185.4M $22.69M $22.69M
Total Assets $405.1M $28.03M $28.03M
YoY Change 1345.48% 18.71% 18.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.106M $3.618M $4.110M
YoY Change 68.75% -51.1% -44.46%
Accrued Expenses $19.43M $2.200M $1.990M
YoY Change 783.25% 17.65% 25.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.500M $1.500M
YoY Change -100.0% -17.58% -17.58%
Long-Term Debt Due $44.37M $3.270M
YoY Change 93.49%
Total Short-Term Liabilities $70.19M $11.29M $11.29M
YoY Change 521.94% -12.99% -12.95%
LONG-TERM LIABILITIES
Long-Term Debt $2.621M $3.160M $3.160M
YoY Change -17.06% 17.04% 17.04%
Other Long-Term Liabilities $198.6M $60.00K $60.00K
YoY Change 330961.13% -87.5% -87.5%
Total Long-Term Liabilities $201.3M $3.220M $3.220M
YoY Change 6150.24% 1.26% 1.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.19M $11.29M $11.29M
Total Long-Term Liabilities $201.3M $3.220M $3.220M
Total Liabilities $271.5M $14.51M $12.61M
YoY Change 1771.4% -8.42% -20.39%
SHAREHOLDERS EQUITY
Retained Earnings -$736.8M -$23.65M
YoY Change 3015.67%
Common Stock $150.1K $14.47K
YoY Change 937.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $113.4M $15.42M $15.42M
YoY Change
Total Liabilities & Shareholders Equity $405.1M $28.03M $28.03M
YoY Change 1345.48% 18.71% 18.72%

Cashflow Statement

Concept 2021 Q4 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $75.43M -$1.960M -$5.150M
YoY Change -3948.39% -72.7% -60.17%
Depreciation, Depletion And Amortization -$1.227M $410.0K $1.350M
YoY Change -399.22% 10.81% 2.27%
Cash From Operating Activities -$25.34M $870.0K -$2.440M
YoY Change -3012.18% -131.75% -51.59%
INVESTING ACTIVITIES
Capital Expenditures -$3.240M -$1.640M -$1.830M
YoY Change 97.53% 3180.0% 1043.75%
Acquisitions
YoY Change
Other Investing Activities -$6.742M $180.0K $180.0K
YoY Change -3845.33%
Cash From Investing Activities -$9.981M -$1.460M -$1.650M
YoY Change 583.64% 2820.0% 931.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 72.99M 440.0K 3.920M
YoY Change 16489.03% -77.89% 10.11%
NET CHANGE
Cash From Operating Activities -25.34M 870.0K -2.440M
Cash From Investing Activities -9.981M -1.460M -1.650M
Cash From Financing Activities 72.99M 440.0K 3.920M
Net Change In Cash 37.67M -150.0K -170.0K
YoY Change -25216.42% -81.25% -89.63%
FREE CASH FLOW
Cash From Operating Activities -$25.34M $870.0K -$2.440M
Capital Expenditures -$3.240M -$1.640M -$1.830M
Free Cash Flow -$22.10M $2.510M -$610.0K
YoY Change -980.33% -193.31% -87.5%

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