2022 Q3 Form 10-Q Financial Statement

#000143774922020437 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.219M $1.399M $1.687M
YoY Change -17.17% -4.39% 62.23%
Cost Of Revenue $493.0K $499.4K $576.4K
YoY Change 4.98% 21.94% 15.28%
Gross Profit $726.2K $899.9K $1.111M
YoY Change -27.54% -14.62% 105.71%
Gross Profit Margin 59.56% 64.31% 65.84%
Selling, General & Admin $1.617M $1.718M $2.715M
YoY Change 16.77% 78.4% 188.81%
% of Gross Profit 222.63% 190.89% 244.39%
Research & Development $302.3K $345.0K $197.3K
YoY Change 170.13% 69.73%
% of Gross Profit 41.63% 38.34% 17.76%
Depreciation & Amortization $5.520K $5.850K $5.250K
YoY Change 15.97% 8.53%
% of Gross Profit 0.76% 0.65% 0.47%
Operating Expenses $1.924M $2.069M $2.917M
YoY Change 28.2% 76.57% 239.23%
Operating Profit -$1.198M -$1.169M -$1.807M
YoY Change 140.17% 894.51% 464.54%
Interest Expense -$110.1K -$147.3K -$72.46K
YoY Change 172.29% 17.11% -63.77%
% of Operating Profit
Other Income/Expense, Net -$110.1K -$147.3K $0.00
YoY Change 1462.95% 17.1%
Pretax Income -$1.308M -$1.316M -$1.879M
YoY Change 158.6% 440.86% 261.34%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.308M -$1.316M -$1.879M
YoY Change 158.6% 440.86% 261.34%
Net Earnings / Revenue -107.32% -94.05% -111.36%
Basic Earnings Per Share -$0.10 -$0.10
Diluted Earnings Per Share -$99.23K -$99.81K -$159.9K
COMMON SHARES
Basic Shares Outstanding 13.19M 13.19M 10.53M
Diluted Shares Outstanding 13.19M 13.19M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.357M $7.070M $10.44M
YoY Change 1174.16% 1028.48% 976.53%
Cash & Equivalents $643.5K $335.1K $2.426M
Short-Term Investments $4.713M $6.735M $8.016M
Other Short-Term Assets $84.87K $102.8K $227.4K
YoY Change 4604.55%
Inventory $15.38K $15.38K $13.57K
Prepaid Expenses
Receivables $49.45K $21.59K $18.59K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.506M $7.210M $10.70M
YoY Change 799.75% 959.41% 882.0%
LONG-TERM ASSETS
Property, Plant & Equipment $450.7K $437.6K $448.1K
YoY Change -3.27% -8.13% 540.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $450.7K $437.6K $448.1K
YoY Change -3.27% -23.05% 558.74%
TOTAL ASSETS
Total Short-Term Assets $5.506M $7.210M $10.70M
Total Long-Term Assets $450.7K $437.6K $448.1K
Total Assets $5.957M $7.647M $11.15M
YoY Change 452.66% 512.15% 863.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $738.7K $807.5K $585.6K
YoY Change 38.39% 84.02% 66.11%
Accrued Expenses $77.90K $74.77K $69.17K
YoY Change 17.34% 9.54% 38.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $922.0K $938.6K $971.9K
YoY Change 549.23% 421.26% 143.2%
Total Short-Term Liabilities $2.377M $2.731M $2.929M
YoY Change 56.86% 69.31% 46.49%
LONG-TERM LIABILITIES
Long-Term Debt $46.82K $54.02K $68.35K
YoY Change -94.97% -94.11% -92.32%
Other Long-Term Liabilities $282.6K $300.0K $335.6K
YoY Change -20.16% -18.53% 1018.8%
Total Long-Term Liabilities $329.4K $354.1K $404.0K
YoY Change -74.34% -72.45% -55.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.377M $2.731M $2.929M
Total Long-Term Liabilities $329.4K $354.1K $404.0K
Total Liabilities $2.706M $3.086M $3.333M
YoY Change -3.32% 6.46% 14.3%
SHAREHOLDERS EQUITY
Retained Earnings -$13.67M -$12.36M -$9.801M
YoY Change 72.54% 66.66% 36.41%
Common Stock $13.19K $13.19K $13.10K
YoY Change 27.82% 53.49% 55.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.065M $945.4K $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $3.251M $4.562M $7.817M
YoY Change
Total Liabilities & Shareholders Equity $5.957M $7.647M $11.15M
YoY Change 452.66% 512.15% 863.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$1.308M -$1.316M -$1.879M
YoY Change 158.6% 440.86% 261.34%
Depreciation, Depletion And Amortization $5.520K $5.850K $5.250K
YoY Change 15.97% 8.53%
Cash From Operating Activities -$1.455M -$1.245M -$461.1K
YoY Change 685.6% 382.5% -1022.26%
INVESTING ACTIVITIES
Capital Expenditures -$32.89K -$30.58K -$3.300K
YoY Change 439.18% 31.36%
Acquisitions
YoY Change
Other Investing Activities $1.953M $1.082M -$8.004M
YoY Change
Cash From Investing Activities $1.920M $1.052M -$8.007M
YoY Change -31575.41% -4618.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.9K -122.9K 10.47M
YoY Change 958.64% -40.49% 1296.63%
NET CHANGE
Cash From Operating Activities -1.455M -1.245M -461.1K
Cash From Investing Activities 1.920M 1.052M -8.007M
Cash From Financing Activities -156.9K -122.9K 10.47M
Net Change In Cash 308.4K -316.4K 2.006M
YoY Change -249.65% -35.16% 150.76%
FREE CASH FLOW
Cash From Operating Activities -$1.455M -$1.245M -$461.1K
Capital Expenditures -$32.89K -$30.58K -$3.300K
Free Cash Flow -$1.422M -$1.215M -$457.8K
YoY Change 693.99% 417.32% -1015.66%

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UnrealizedGainLossOnInvestments
-283799 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13194 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1808 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5195 usd
blbx Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
-124605 usd
blbx Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
11058 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
221849 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
86244 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-4219 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-391400 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-89988 usd
blbx Repayment Of Senior Secured Notes Payable
RepaymentOfSeniorSecuredNotesPayable
60000 usd
blbx Repayment Of Senior Secured Notes Payable
RepaymentOfSeniorSecuredNotesPayable
-0 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
14189 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1405 usd
blbx Payments For Common Stock Subscribed
PaymentsForCommonStockSubscribed
12500 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2038532 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-26192 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30584 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54507 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13753390 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
-0 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
14750753 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
966779 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54507 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
150506 usd
blbx Payments For Common Stock Subscribed
PaymentsForCommonStockSubscribed
-0 usd
blbx Repayments Of Convertible Note Payable
RepaymentsOfConvertibleNotePayable
-0 usd
blbx Repayments Of Convertible Note Payable
RepaymentsOfConvertibleNotePayable
401378 usd
blbx Repayments Of Notes Payable Related Parties
RepaymentsOfNotesPayableRelatedParties
-0 usd
blbx Repayments Of Notes Payable Related Parties
RepaymentsOfNotesPayableRelatedParties
859 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
945449 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
-0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1019638 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-265636 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2091391 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-346335 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2426497 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
972825 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
335106 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
626490 usd
us-gaap Interest Paid Net
InterestPaidNet
58195 usd
us-gaap Interest Paid Net
InterestPaidNet
78502 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
blbx Stock Issued Settlement Of Accrued Liabilities
StockIssuedSettlementOfAccruedLiabilities
0 usd
blbx Stock Issued Settlement Of Accrued Liabilities
StockIssuedSettlementOfAccruedLiabilities
180000 usd
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2400000
us-gaap Use Of Estimates
UseOfEstimates
<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.
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-283799 usd
CY2022Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
6734720 usd
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
3269998
CY2022Q2 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
0.2 pure
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
654000
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
8015882 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13753390 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
14750753 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
558336
CY2021 blbx Warrants And Rights Outstanding Remaining Term
WarrantsAndRightsOutstandingRemainingTerm
P5Y1M2D
blbx Class Of Warrant Or Right Issued In Period
ClassOfWarrantOrRightIssuedInPeriod
0
blbx Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
120000
blbx Warrants And Rights Exercised Remaining Term
WarrantsAndRightsExercisedRemainingTerm
P3Y3M10D
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
438336
blbx Warrants And Rights Outstanding Remaining Term
WarrantsAndRightsOutstandingRemainingTerm
P5Y10D
CY2022Q2 blbx Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Vested
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsVested
366116
CY2022Q2 blbx Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Unvested
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsUnvested
72220
CY2022Q2 blbx Warrant Nonvested Cost Not Yet Recognized Amount
WarrantNonvestedCostNotYetRecognizedAmount
276296 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
44700 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
44098 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
87934 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
89948 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
91122 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
93136 usd
CY2022Q2 blbx Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
167645 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
573883 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
205615 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
368268 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
68230 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
300038 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M28D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1022 pure

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