2021 Q4 Form 10-Q Financial Statement

#000143774921026767 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $1.687M $1.472M $1.040M
YoY Change 62.23% 33.76% 263.53%
Cost Of Revenue $576.4K $469.6K $500.0K
YoY Change 15.28% 62.94% 94.62%
Gross Profit $1.111M $1.002M $540.0K
YoY Change 105.71% 23.41% 1751.22%
Gross Profit Margin 65.84% 68.09% 51.92%
Selling, General & Admin $2.715M $1.384M $940.0K
YoY Change 188.81% 116.33% 200.46%
% of Gross Profit 244.39% 138.14% 174.07%
Research & Development $197.3K $111.9K
YoY Change 33.68%
% of Gross Profit 17.76% 11.17%
Depreciation & Amortization $5.250K $4.760K $0.00
YoY Change 50.16% -100.0%
% of Gross Profit 0.47% 0.47% 0.0%
Operating Expenses $2.917M $1.501M $860.0K
YoY Change 239.23% 106.59% 223.89%
Operating Profit -$1.807M -$498.9K -$320.0K
YoY Change 464.54% -683.66% 35.39%
Interest Expense -$72.46K -$40.45K -$200.0K
YoY Change -63.77% -74.72% -31.71%
% of Operating Profit
Other Income/Expense, Net $0.00 -$7.047K $0.00
YoY Change -95.55% -100.0%
Pretax Income -$1.879M -$506.0K -$520.0K
YoY Change 261.34% 595.87% -71.54%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.879M -$506.0K -$520.0K
YoY Change 261.34% 595.87% -71.54%
Net Earnings / Revenue -111.36% -34.38% -50.0%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$159.9K -$62.80K
COMMON SHARES
Basic Shares Outstanding 10.53M 9.718M 8.341M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.44M $420.4K $970.0K
YoY Change 976.53% 147.29% 4481.96%
Cash & Equivalents $2.426M $420.4K $972.8K
Short-Term Investments $8.016M
Other Short-Term Assets $227.4K $1.804K $0.00
YoY Change
Inventory $13.57K $23.46K $17.66K
Prepaid Expenses $112.9K $44.64K
Receivables $18.59K $16.70K $17.99K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.70M $612.0K $1.090M
YoY Change 882.0% 205.27% 3948.81%
LONG-TERM ASSETS
Property, Plant & Equipment $448.1K $465.9K $70.00K
YoY Change 540.2% 482.38% -44.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $80.00K
YoY Change -100.0% -31.96%
Total Long-Term Assets $448.1K $465.9K $68.03K
YoY Change 558.74% 135.33% -73.19%
TOTAL ASSETS
Total Short-Term Assets $10.70M $612.0K $1.090M
Total Long-Term Assets $448.1K $465.9K $68.03K
Total Assets $11.15M $1.078M $1.158M
YoY Change 863.0% 170.52% 312.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $585.6K $533.8K $352.5K
YoY Change 66.11% -8.21% -44.24%
Accrued Expenses $69.17K $66.39K $50.00K
YoY Change 38.34% -33.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $132.0K $390.0K
YoY Change -100.0% -82.63% -62.5%
Long-Term Debt Due $971.9K $142.0K $399.6K
YoY Change 143.2% -61.58%
Total Short-Term Liabilities $2.929M $1.515M $1.999M
YoY Change 46.49% -26.78% -43.72%
LONG-TERM LIABILITIES
Long-Term Debt $68.35K $930.1K $890.1K
YoY Change -92.32%
Other Long-Term Liabilities $335.6K $354.0K $30.00K
YoY Change 1018.8% 784.95% -55.04%
Total Long-Term Liabilities $404.0K $1.284M $916.4K
YoY Change -55.92% 3110.17% 1273.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.929M $1.515M $1.999M
Total Long-Term Liabilities $404.0K $1.284M $916.4K
Total Liabilities $3.333M $2.799M $2.916M
YoY Change 14.3% 32.67% -19.43%
SHAREHOLDERS EQUITY
Retained Earnings -$9.801M -$7.922M -$7.185M
YoY Change 36.41% 18.84% 5.2%
Common Stock $13.10K $10.32K $8.410K
YoY Change 55.76% 26.31% 6.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $7.817M -$1.722M -$1.758M
YoY Change
Total Liabilities & Shareholders Equity $11.15M $1.078M $1.158M
YoY Change 863.0% 170.52% 312.58%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$1.879M -$506.0K -$520.0K
YoY Change 261.34% 595.87% -71.54%
Depreciation, Depletion And Amortization $5.250K $4.760K $0.00
YoY Change 50.16% -100.0%
Cash From Operating Activities -$461.1K -$185.2K $50.00K
YoY Change -1022.26% -8081.47% -194.22%
INVESTING ACTIVITIES
Capital Expenditures -$3.300K -$6.100K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$8.004M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$8.007M -$6.100K $0.00
YoY Change -161.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.47M -14.82K 750.0K
YoY Change 1296.63% 5828.0% -35985.17%
NET CHANGE
Cash From Operating Activities -461.1K -185.2K 50.00K
Cash From Investing Activities -8.007M -6.100K 0.000
Cash From Financing Activities 10.47M -14.82K 750.0K
Net Change In Cash 2.006M -206.1K 800.0K
YoY Change 150.76% -1807.46% -5843.0%
FREE CASH FLOW
Cash From Operating Activities -$461.1K -$185.2K $50.00K
Capital Expenditures -$3.300K -$6.100K $0.00
Free Cash Flow -$457.8K -$179.1K $50.00K
YoY Change -1015.66% -7818.53% -194.22%

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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Common Stock
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blbx Repayments Of Notes Payable Related Parties
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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blbx Stock Issued Settlement Of Accrued Liabilities
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blbx Warrants Issued
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blbx Warrants Issued
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us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Use of Estimates</span> - The Company’s financial statement preparation requires that management make estimates and assumptions which affect the reporting of assets and liabilities and the related disclosure of contingent assets and liabilities in order to report these financial statements in conformity with GAAP. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2021Q3 us-gaap Common Stock Shares Authorized
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100000000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
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180000 USD
blbx Conversion Of Convertible Liability Shares Issued
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1.95
blbx Stock Issued During Period Shares Previously Subscribed Shares
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us-gaap Stock Issued During Period Shares New Issues
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CY2021Q3 us-gaap Shares Issued Price Per Share
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1.95
us-gaap Issuance Of Stock And Warrants For Services Or Claims
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21450 USD
CY2021Q3 us-gaap Warrants And Rights Outstanding Term
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blbx Warrants And Rights Outstanding Remaining Term
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CY2021Q3 blbx Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Vested
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534937
CY2021Q3 blbx Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Unvested
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97219
CY2021Q3 blbx Warrant Nonvested Cost Not Yet Recognized Amount
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CY2019Q4 us-gaap Class Of Warrant Or Right Outstanding
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CY2020Q1 blbx Warrants And Rights Outstanding Remaining Term
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CY2020 blbx Class Of Warrant Or Right Issued In Period
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CY2020 blbx Warrants And Rights Issued Remaining Term
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CY2020 blbx Class Of Warrant Or Right Exercised In Period
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CY2020 blbx Warrants And Rights Outstanding Remaining Term
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blbx Class Of Warrant Or Right Issued In Period
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blbx Warrants And Rights Issued Remaining Term
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blbx Class Of Warrant Or Right Exercised In Period
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CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
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CY2021Q3 blbx Shortterm And Longterm Debt Gross
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CY2020Q4 blbx Shortterm And Longterm Debt Gross
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CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
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59911 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
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294119 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2021Q2 blbx Lessee Operating Lease Liability To Be Paid After Year Four
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q3 us-gaap Long Term Debt Current
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CY2020Q4 us-gaap Long Term Debt Current
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CY2021Q3 us-gaap Long Term Debt Noncurrent
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930089 USD
CY2021Q3 us-gaap Debt Longterm And Shortterm Combined Amount
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1072104 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 blbx Repayments Of Trade Payables
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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22291 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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88792 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
87934 USD

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