2021 Q4 Form 10-K Financial Statement
#000153949722000793 Filed on April 11, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $169.9K | $2.201M | $724.2K |
| YoY Change | -26.72% | 203.88% | -55.61% |
| % of Gross Profit | |||
| Research & Development | $766.1K | $2.014M | $544.5K |
| YoY Change | 269.82% | ||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $936.0K | $4.214M | $1.269M |
| YoY Change | 20.57% | 232.18% | -22.24% |
| Operating Profit | -$4.214M | ||
| YoY Change | |||
| Interest Expense | -$62.44K | -$313.6K | -$1.274M |
| YoY Change | -34.34% | -75.38% | 461.13% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$313.6K | ||
| YoY Change | |||
| Pretax Income | -$998.4K | -$4.528M | -$2.543M |
| YoY Change | 14.58% | 78.09% | 36.81% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$1.038M | -$4.032M | -$2.481M |
| YoY Change | 28.25% | 62.53% | 33.48% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.04 | ||
| Diluted Earnings Per Share | -$9.435K | -$37.95K | -$26.40K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 106.3M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $72.36K | $72.36K | $41.69K |
| YoY Change | 73.57% | 73.57% | -75.42% |
| Cash & Equivalents | $72.36K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $0.00 | $0.00 | $274.7K |
| YoY Change | -100.0% | -100.0% | |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $72.36K | $72.36K | $316.4K |
| YoY Change | -77.13% | -77.13% | 44.06% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $46.93K | $46.93K | $10.00K |
| YoY Change | 369.32% | 369.3% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $72.36K | $72.36K | $316.4K |
| Total Long-Term Assets | $46.93K | $46.93K | $10.00K |
| Total Assets | $119.3K | $119.3K | $326.4K |
| YoY Change | -63.45% | -63.45% | 48.61% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $531.0K | $531.0K | $307.2K |
| YoY Change | 72.86% | 72.86% | 219.98% |
| Accrued Expenses | $347.5K | ||
| YoY Change | 505.96% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $2.122M | $2.122M | $1.612M |
| YoY Change | 31.62% | 31.62% | 89.47% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $3.277M | $3.278M | $2.268M |
| YoY Change | 44.53% | 44.53% | 122.56% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.277M | $3.278M | $2.268M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $3.277M | $2.880M | $3.156M |
| YoY Change | 3.86% | -8.73% | 209.72% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$8.754M | ||
| YoY Change | |||
| Common Stock | $110.8K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$3.158M | -$2.761M | -$2.829M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $119.3K | $119.3K | $326.4K |
| YoY Change | -63.45% | -63.45% | 48.61% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.038M | -$4.032M | -$2.481M |
| YoY Change | 28.25% | 62.53% | 33.48% |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$143.7K | -$1.697M | -$1.099M |
| YoY Change | -83.87% | 54.45% | 154.97% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$27.98K | -$36.93K | -$10.00K |
| YoY Change | 179.8% | 269.3% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$27.98K | -$36.93K | -$10.00K |
| YoY Change | 179.8% | 269.3% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 1.765M | 981.1K |
| YoY Change | -100.0% | 79.91% | 73.87% |
| NET CHANGE | |||
| Cash From Operating Activities | -143.7K | -1.697M | -1.099M |
| Cash From Investing Activities | -27.98K | -36.93K | -10.00K |
| Cash From Financing Activities | 0.000 | 1.765M | 981.1K |
| Net Change In Cash | -171.6K | 30.67K | -127.9K |
| YoY Change | -518.12% | -123.97% | -196.04% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$143.7K | -$1.697M | -$1.099M |
| Capital Expenditures | -$27.98K | -$36.93K | -$10.00K |
| Free Cash Flow | -$115.7K | -$1.660M | -$1.089M |
| YoY Change | -86.87% | 52.48% |
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