2023 Q4 Form 10-Q Financial Statement

#000152013823000473 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.254M $1.943M $2.007M
YoY Change -48.83% -3.2% -24.1%
% of Gross Profit
Research & Development $6.470M $8.876M $6.770M
YoY Change -8.0% 31.1% 137.91%
% of Gross Profit
Depreciation & Amortization $54.69K $60.00K $57.34K
YoY Change -4.64% 4.64% 0.0%
% of Gross Profit
Operating Expenses $8.781M $10.88M $8.834M
YoY Change -23.61% 23.11% 59.26%
Operating Profit -$8.781M -$10.88M -$8.834M
YoY Change -23.61% 23.11% 59.26%
Interest Expense $820.6K $1.005M $1.056M
YoY Change -22.1% -4.9% 16053.15%
% of Operating Profit
Other Income/Expense, Net $380.0K $165.4K
YoY Change -109.06%
Pretax Income -$8.401M -$10.71M -$10.42M
YoY Change -46.44% 2.83% 87.98%
Income Tax
% Of Pretax Income
Net Earnings -$8.401M -$10.71M -$10.42M
YoY Change -46.44% 2.83% 87.98%
Net Earnings / Revenue
Basic Earnings Per Share -$0.22 -$0.29 -$0.38
Diluted Earnings Per Share -$0.22 -$0.29 -$0.38
COMMON SHARES
Basic Shares Outstanding 37.74M shares 36.80M shares 30.17M shares
Diluted Shares Outstanding 38.17M shares 36.74M shares 27.21M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.23M $21.21M $21.23M
YoY Change -55.79% -0.1% 3.63%
Cash & Equivalents $20.23M $21.21M $21.23M
Short-Term Investments $0.00
Other Short-Term Assets $335.0K $1.550M $359.1K
YoY Change 38.83% 331.61% 239.05%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $20.56M $22.76M $21.59M
YoY Change -55.29% 5.44% 4.84%
LONG-TERM ASSETS
Property, Plant & Equipment $60.42K $70.00K $109.3K
YoY Change -39.6% -35.94%
Goodwill $345.7K $345.7K $345.7K
YoY Change 0.0% 0.0%
Intangibles $522.4K $579.8K $809.1K
YoY Change -30.51% -28.35%
Long-Term Investments
YoY Change
Other Assets $4.562K
YoY Change
Total Long-Term Assets $928.5K $996.2K $1.269M
YoY Change -22.76% -21.48% -8.35%
TOTAL ASSETS
Total Short-Term Assets $20.56M $22.76M $21.59M
Total Long-Term Assets $928.5K $996.2K $1.269M
Total Assets $21.49M $23.76M $22.86M
YoY Change -54.46% 3.94% 4.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.608M $2.715M $2.622M
YoY Change 11.18% 3.52% 285.98%
Accrued Expenses $48.23K $50.00K $40.32K
YoY Change 15.41% 24.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.20M $9.340M
YoY Change
Total Short-Term Liabilities $13.98M $13.21M $4.096M
YoY Change 79.32% 222.59% 225.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.970M $12.73M
YoY Change -100.0% -76.66%
Other Long-Term Liabilities $17.60K $30.00K
YoY Change
Total Long-Term Liabilities $17.60K $3.000M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.98M $13.21M $4.096M
Total Long-Term Liabilities $17.60K $3.000M $0.00
Total Liabilities $14.00M $16.21M $16.90M
YoY Change -33.73% -4.06% 868.98%
SHAREHOLDERS EQUITY
Retained Earnings -$320.3M -$311.9M -$261.4M
YoY Change 15.62% 19.34%
Common Stock $327.8M $319.5M $267.3M
YoY Change 8.14% 19.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.00 $2.00
YoY Change
Treasury Stock Shares
Shareholders Equity $7.491M $7.548M $5.961M
YoY Change
Total Liabilities & Shareholders Equity $21.49M $23.76M $22.86M
YoY Change -54.46% 3.94% 4.01%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$8.401M -$10.71M -$10.42M
YoY Change -46.44% 2.83% 87.98%
Depreciation, Depletion And Amortization $54.69K $60.00K $57.34K
YoY Change -4.64% 4.64% 0.0%
Cash From Operating Activities -$5.907M -$12.18M -$9.220M
YoY Change -26.25% 32.07% 263.77%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$5.000K $14.53M
YoY Change
Cash From Investing Activities -$5.000K $14.53M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.918M -$594.2K $11.81M
YoY Change -84.88% -105.03% -36.2%
NET CHANGE
Cash From Operating Activities -5.907M -$12.18M -$9.220M
Cash From Investing Activities -5.000K $14.53M
Cash From Financing Activities 4.918M -$594.2K $11.81M
Net Change In Cash -994.2K $1.754M $2.589M
YoY Change -104.05% -32.27% -83.79%
FREE CASH FLOW
Cash From Operating Activities -$5.907M -$12.18M -$9.220M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q3 bivi Accretion Of Loan Premiums
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AccretionOfLoanPremiums
236970 usd
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NotesPayableNoncurrent
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NotesPayableNoncurrent
5000000 usd
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LongtermDebtFinancingCosts
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LongtermDebtFinancingCosts
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CY2023Q3 bivi Long Term Deferred Discounts Finance Charges And Interest Included In Receivables
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CY2023Q2 bivi Long Term Deferred Discounts Finance Charges And Interest Included In Receivables
LongTermDeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
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CY2023Q3 bivi Long Term Accretion Of Loan Premiums
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CY2023Q2 bivi Long Term Accretion Of Loan Premiums
LongTermAccretionOfLoanPremiums
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CY2023Q3 bivi Long Term Notes Payable Net Of Financing Costs Unearned Premiums And Discount
LongTermNotesPayableNetOfFinancingCostsUnearnedPremiumsAndDiscount
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CY2023Q2 bivi Long Term Notes Payable Net Of Financing Costs Unearned Premiums And Discount
LongTermNotesPayableNetOfFinancingCostsUnearnedPremiumsAndDiscount
5227270 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
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CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
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CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
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CY2022Q4 bivi Total Compensation Cost
TotalCompensationCost
1744192 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
596457 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.24
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38730 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.12
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
557727 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.40
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StockBasedCompensationRestrictedStock
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CY2022Q3 bivi Stock Based Compensation Restricted Stock
StockBasedCompensationRestrictedStock
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CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
13000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
13000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
70748 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
80789 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46548 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44909 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
76769 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
87414 usd
CY2023Q3 bivi Schedule Of Future Estimated Minimum Lease Payments Under Non Cancelable Operating Leases
ScheduleOfFutureEstimatedMinimumLeasePaymentsUnderNonCancelableOperatingLeases
<table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfFutureEstimatedMinimumLeasePaymentsUnderNonCancelableOperatingLeases_z3Ukk6co57K1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Leases (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> <span id="xdx_8BE_zQbI86v5TpG1" style="display: none">Schedule of future estimated minimum lease payments under non-cancelable operating leases</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_499_20230930_zHmX5wcpJIi1" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; width: 87%">Year ending June 30, 2024 (Remaining 9 months)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">39,256</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"></td><td style="border-bottom: Black 1pt solid; text-align: right">44,636</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total minimum lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">83,892</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayment_iNI_pp0p0_di_zp7o4m4Ohzcc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less amount representing interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,123</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zoyt9mLcZoEg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Present value of future minimum lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76,769</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_zlKihAIpICp8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less current portion of operating lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(46,548</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_zXhfkiozsmS1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Operating lease liabilities, net of current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">30,221</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
39256 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
44636 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
83892 usd
CY2023Q3 bivi Capital Leases Future Minimum Payments Interest Included In Payment
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayment
7123 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
76769 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46548 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
30221 usd
CY2023Q3 bivi Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
12900 usd
CY2022Q3 bivi Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
12525 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1075 pure
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1075 pure
CY2023Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
30900 usd
CY2022Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
45500 usd

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