2023 Q2 Form 10-Q Financial Statement

#000089843223000326 Filed on May 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $280.3K $278.1K $0.00
YoY Change 28267.71%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $280.3K $278.1K $0.00
YoY Change 28267.71%
Operating Profit
YoY Change
Interest Expense $810.0K $420.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $530.0K $140.0K $0.00
YoY Change
Income Tax $228.6K $29.32K
% Of Pretax Income 43.13% 20.94%
Net Earnings $301.5K $110.3K -$126.00
YoY Change -30612.55% -87643.65%
Net Earnings / Revenue
Basic Earnings Per Share $0.03 $0.02
Diluted Earnings Per Share $0.03 $0.02 $0.00
COMMON SHARES
Basic Shares Outstanding 9.055M shares 9.055M shares
Diluted Shares Outstanding 9.055M shares 5.231M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $350.0K
YoY Change -100.0%
Cash & Equivalents $1.181K $348.8K $16.39K
Short-Term Investments
Other Short-Term Assets $60.00K $80.00K
YoY Change
Inventory
Prepaid Expenses $57.80K $81.07K
Receivables
Other Receivables
Total Short-Term Assets $58.98K $429.9K
YoY Change -15.75%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.44M $70.63M
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $71.44M $70.63M
YoY Change 7115.71%
TOTAL ASSETS
Total Short-Term Assets $58.98K $429.9K
Total Long-Term Assets $71.44M $70.63M
Total Assets $71.49M $71.06M
YoY Change 6644.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $270.0K $390.0K
YoY Change
Accrued Expenses $0.00 $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $541.4K $403.4K
YoY Change -48.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $541.4K $403.4K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.611M $2.473M
YoY Change 146.36%
SHAREHOLDERS EQUITY
Retained Earnings -$2.095M -$1.830M
YoY Change
Common Stock $216.00 $216.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.095M -$1.830M -$2.246K
YoY Change
Total Liabilities & Shareholders Equity $71.49M $71.06M
YoY Change 6644.76%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $301.5K $110.3K -$126.00
YoY Change -30612.55% -87643.65%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$350.0K -$48.43K -$126.00
YoY Change 3400.0% 38333.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$70.21M
YoY Change
Cash From Investing Activities $0.00 -$70.21M
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 0.000 $70.48M $11.76K
YoY Change -100.0% 599170.7%
NET CHANGE
Cash From Operating Activities -350.0K -$48.43K -$126.00
Cash From Investing Activities 0.000 -$70.21M
Cash From Financing Activities 0.000 $70.48M $11.76K
Net Change In Cash -350.0K $224.3K $11.64K
YoY Change -600.0% 1827.81%
FREE CASH FLOW
Cash From Operating Activities -$350.0K -$48.43K -$126.00
Capital Expenditures
Free Cash Flow
YoY Change

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