2022 Q1 Form 10-Q Financial Statement
#000168316822003992 Filed on May 25, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $3.770M | $1.370M |
| YoY Change | 175.18% | 3.79% |
| Cost Of Revenue | $4.075M | $1.520M |
| YoY Change | 168.09% | 11.76% |
| Gross Profit | -$305.0K | -$150.0K |
| YoY Change | 103.33% | 275.0% |
| Gross Profit Margin | -8.09% | -10.95% |
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $187.0K | $20.00K |
| YoY Change | 835.0% | 100.0% |
| % of Gross Profit | ||
| Operating Expenses | $1.975M | $1.100M |
| YoY Change | 79.55% | 22.22% |
| Operating Profit | -$2.280M | -$1.250M |
| YoY Change | 82.4% | 32.98% |
| Interest Expense | $2.000K | $0.00 |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | |
| YoY Change | ||
| Pretax Income | -$2.278M | -$1.250M |
| YoY Change | 82.24% | 32.98% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$2.278M | -$1.251M |
| YoY Change | 82.09% | 33.09% |
| Net Earnings / Revenue | -60.42% | -91.31% |
| Basic Earnings Per Share | -$0.24 | |
| Diluted Earnings Per Share | -$244.7K | -$142.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 9.309M shares | |
| Diluted Shares Outstanding | 9.309M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $19.18M | $28.21M |
| YoY Change | -32.02% | 1060.91% |
| Cash & Equivalents | $19.18M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.718M | $140.0K |
| YoY Change | 1127.14% | -63.16% |
| Inventory | $4.403M | $1.550M |
| Prepaid Expenses | ||
| Receivables | $2.634M | $1.580M |
| Other Receivables | $37.00K | $0.00 |
| Total Short-Term Assets | $27.97M | $31.49M |
| YoY Change | -11.18% | 398.26% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.204M | $2.610M |
| YoY Change | 22.76% | 536.59% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $62.00K | $50.00K |
| YoY Change | 24.0% | -16.67% |
| Total Long-Term Assets | $18.54M | $2.970M |
| YoY Change | 524.31% | 330.43% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $27.97M | $31.49M |
| Total Long-Term Assets | $18.54M | $2.970M |
| Total Assets | $46.51M | $34.46M |
| YoY Change | 34.97% | 391.58% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.036M | $900.0K |
| YoY Change | 126.22% | -10.89% |
| Accrued Expenses | $1.791M | $990.0K |
| YoY Change | 80.91% | 57.14% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $6.128M | $1.980M |
| YoY Change | 209.49% | 13.79% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $2.034M | $1.960M |
| YoY Change | 3.78% | |
| Total Long-Term Liabilities | $2.034M | $1.960M |
| YoY Change | 3.78% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $6.128M | $1.980M |
| Total Long-Term Liabilities | $2.034M | $1.960M |
| Total Liabilities | $8.162M | $3.950M |
| YoY Change | 106.63% | 127.01% |
| 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 | $38.35M | $30.52M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $46.51M | $34.46M |
| YoY Change | 34.97% | 391.58% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.278M | -$1.251M |
| YoY Change | 82.09% | 33.09% |
| Depreciation, Depletion And Amortization | $187.0K | $20.00K |
| YoY Change | 835.0% | 100.0% |
| Cash From Operating Activities | -$1.907M | -$856.0K |
| YoY Change | 122.78% | -44.77% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$143.0K | -$60.00K |
| YoY Change | 138.33% | -57.14% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$811.0K | |
| YoY Change | ||
| Cash From Investing Activities | -$954.0K | -$60.00K |
| YoY Change | 1490.0% | -57.14% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 88.00K | 2.420M |
| YoY Change | -96.36% | 764.29% |
| NET CHANGE | ||
| Cash From Operating Activities | -$1.907M | -$856.0K |
| Cash From Investing Activities | -954.0K | -60.00K |
| Cash From Financing Activities | 88.00K | 2.420M |
| Net Change In Cash | -$1.907M | -$856.0K |
| YoY Change | 122.78% | -39.29% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.907M | -$856.0K |
| Capital Expenditures | -$143.0K | -$60.00K |
| Free Cash Flow | -$1.764M | -$796.0K |
| YoY Change | 121.61% | -43.55% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Asset Acquisition Contingent Consideration Liability Noncurrent
AssetAcquisitionContingentConsiderationLiabilityNoncurrent
|
USD | |
| CY2021Q1 | BEEM |
Stock Issued To Escrow Account Unvested Value
StockIssuedToEscrowAccountUnvestedValue
|
USD | |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2278000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1251000 | USD |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1907000 | USD |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-856000 | USD |
| CY2022Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
88000 | USD |
| CY2021Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
2470000 | USD |
