2022 Q3 Form 10-Q Financial Statement

#000143774922020831 Filed on August 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.374M $1.947M $1.941M
YoY Change 5.75% 96.26% 2.78%
Cost Of Revenue $393.8K $724.0K $337.4K
YoY Change 33.63% 202.19% -55.98%
Gross Profit $979.8K $1.223M $1.604M
YoY Change -2.43% 62.54% 42.93%
Gross Profit Margin 71.33% 62.82% 82.62%
Selling, General & Admin $2.511M $2.007M $1.798M
YoY Change 81.21% 46.03% 18.57%
% of Gross Profit 256.26% 164.05% 112.11%
Research & Development $829.5K $784.1K $805.3K
YoY Change 35.41% 59.71% 82.33%
% of Gross Profit 84.66% 64.1% 50.21%
Depreciation & Amortization $122.4K $62.73K $11.22K
YoY Change 81.18% -10.73% -55.33%
% of Gross Profit 12.5% 5.13% 0.7%
Operating Expenses $3.340M $2.791M $2.603M
YoY Change 67.17% 49.63% 32.95%
Operating Profit -$2.360M -$1.567M -$999.5K
YoY Change 137.48% 40.9% 19.55%
Interest Expense $2.071K $1.540K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net -$42.06K -$151.5K $131.00
YoY Change 41.76% 208.05% -100.85%
Pretax Income -$2.403M -$1.719M -$999.4K
YoY Change 134.7% 47.97% 17.58%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.403M -$1.719M -$999.4K
YoY Change 134.7% 47.97% 17.38%
Net Earnings / Revenue -174.91% -88.28% -51.48%
Basic Earnings Per Share -$0.29 -$0.21 -$0.13
Diluted Earnings Per Share -$294.8K -$212.3K -$126.7K
COMMON SHARES
Basic Shares Outstanding 8.451M 8.098M 7.885M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.775M $4.893M $5.801M
YoY Change -71.07% -59.2% -58.68%
Cash & Equivalents $2.800M $4.893M $5.801M
Short-Term Investments
Other Short-Term Assets $49.50K $76.94K $51.85K
YoY Change -7.48% 55.43% 4.1%
Inventory $4.893M $4.889M $4.956M
Prepaid Expenses
Receivables $1.808M $2.039M $2.553M
Other Receivables $49.50K $196.6K $133.9K
Total Short-Term Assets $9.883M $12.35M $13.81M
YoY Change -41.08% -28.59% -22.13%
LONG-TERM ASSETS
Property, Plant & Equipment $125.8K $135.2K $129.2K
YoY Change 76.06% 124.43% 84.55%
Goodwill $2.198M $2.256M $1.721M
YoY Change 74.07% 78.72% 36.3%
Intangibles $1.799M $1.953M $2.647M
YoY Change 33.06% 38.87% 81.27%
Long-Term Investments $262.8K $302.8K $452.8K
YoY Change -45.57%
Other Assets $307.4K $309.9K $288.5K
YoY Change 35.23% 54.03% 60.28%
Total Long-Term Assets $5.143M $5.276M $5.597M
YoY Change 30.01% 44.49% 49.12%
TOTAL ASSETS
Total Short-Term Assets $9.883M $12.35M $13.81M
Total Long-Term Assets $5.143M $5.276M $5.597M
Total Assets $15.03M $17.62M $19.40M
YoY Change -27.51% -15.85% -9.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.069M $1.279M $1.014M
YoY Change -25.64% 47.92% 227.9%
Accrued Expenses $875.9K $849.7K $895.5K
YoY Change 25.23% 47.72% 67.08%
Deferred Revenue $600.8K $588.9K $798.8K
YoY Change -10.58% 7.12% 52.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $120.0K $122.0K $123.0K
YoY Change
Total Short-Term Liabilities $3.344M $3.533M $3.488M
YoY Change 10.92% 59.75% 117.99%
LONG-TERM LIABILITIES
Long-Term Debt $321.9K $379.3K $423.7K
YoY Change
Other Long-Term Liabilities $162.1K $93.53K $109.4K
YoY Change -10.11% -59.93% -57.92%
Total Long-Term Liabilities $483.9K $472.8K $533.1K
YoY Change 168.42% 102.57% 104.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.344M $3.533M $3.488M
Total Long-Term Liabilities $483.9K $472.8K $533.1K
Total Liabilities $3.828M $4.005M $4.021M
YoY Change 19.81% 63.84% 116.09%
SHAREHOLDERS EQUITY
Retained Earnings -$109.7M -$107.3M -$105.6M
YoY Change 6.97% 5.68% 5.19%
Common Stock $845.00 $844.00 $841.00
YoY Change 7.92% 7.93% 7.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.20M $13.62M $15.38M
YoY Change
Total Liabilities & Shareholders Equity $15.03M $17.62M $19.40M
YoY Change -27.51% -15.85% -9.68%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.403M -$1.719M -$999.4K
YoY Change 134.7% 47.97% 17.38%
Depreciation, Depletion And Amortization $122.4K $62.73K $11.22K
YoY Change 81.18% -10.73% -55.33%
Cash From Operating Activities -$2.041M -$853.1K -$1.434M
YoY Change 9.4% -58.23% -55.16%
INVESTING ACTIVITIES
Capital Expenditures -$8.180K -$18.43K $4.459K
YoY Change -63.12% 223.33% -66.49%
Acquisitions
YoY Change
Other Investing Activities $2.000K $43.13K -$540.6K
YoY Change
Cash From Investing Activities -$6.180K $24.70K -$545.0K
YoY Change -72.14% -533.33% 3995.87%
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 0.000 $0.00
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -2.041M -853.1K -$1.434M
Cash From Investing Activities -6.180K 24.70K -$545.0K
Cash From Financing Activities 0.000 0.000 $0.00
Net Change In Cash -2.047M -828.4K -$1.953M
YoY Change 8.44% -59.66% -43.63%
FREE CASH FLOW
Cash From Operating Activities -$2.041M -$853.1K -$1.434M
Capital Expenditures -$8.180K -$18.43K $4.459K
Free Cash Flow -$2.033M -$834.6K -$1.439M
YoY Change 10.27% -59.02% -55.2%

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