2022 Q4 Form 10-Q Financial Statement

#000143774922027277 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.068M $1.219M
YoY Change -36.69% -17.17%
Cost Of Revenue $508.5K $493.0K
YoY Change -11.78% 4.98%
Gross Profit $559.7K $726.2K
YoY Change -49.62% -27.54%
Gross Profit Margin 52.39% 59.56%
Selling, General & Admin $1.340M $1.617M
YoY Change -50.63% 16.77%
% of Gross Profit 239.5% 222.63%
Research & Development $371.0K $302.3K
YoY Change 88.06% 170.13%
% of Gross Profit 66.29% 41.63%
Depreciation & Amortization $6.080K $5.520K
YoY Change 15.81% 15.97%
% of Gross Profit 1.09% 0.76%
Operating Expenses $1.717M $1.924M
YoY Change -41.13% 28.2%
Operating Profit -$1.158M -$1.198M
YoY Change -35.91% 140.17%
Interest Expense $4.900K -$110.1K
YoY Change -106.76% 172.29%
% of Operating Profit
Other Income/Expense, Net -$110.1K
YoY Change 1462.95%
Pretax Income -$1.153M -$1.308M
YoY Change -38.64% 158.6%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.153M -$1.308M
YoY Change -38.64% 158.6%
Net Earnings / Revenue -107.93% -107.32%
Basic Earnings Per Share -$0.10
Diluted Earnings Per Share -$0.35 -$99.23K
COMMON SHARES
Basic Shares Outstanding 13.19M 13.19M
Diluted Shares Outstanding 13.19M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.642M $5.357M
YoY Change -65.12% 1174.16%
Cash & Equivalents $425.6K $643.5K
Short-Term Investments $3.216M $4.713M
Other Short-Term Assets $190.1K $84.87K
YoY Change -16.41% 4604.55%
Inventory $15.46K $15.38K
Prepaid Expenses
Receivables $59.61K $49.45K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.907M $5.506M
YoY Change -63.49% 799.75%
LONG-TERM ASSETS
Property, Plant & Equipment $428.7K $450.7K
YoY Change -4.33% -3.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $428.7K $450.7K
YoY Change -4.33% -3.27%
TOTAL ASSETS
Total Short-Term Assets $3.907M $5.506M
Total Long-Term Assets $428.7K $450.7K
Total Assets $4.336M $5.957M
YoY Change -61.11% 452.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $730.1K $738.7K
YoY Change 24.67% 38.39%
Accrued Expenses $71.62K $77.90K
YoY Change 3.54% 17.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $28.73K $922.0K
YoY Change -97.04% 549.23%
Total Short-Term Liabilities $1.853M $2.377M
YoY Change -36.73% 56.86%
LONG-TERM LIABILITIES
Long-Term Debt $39.61K $46.82K
YoY Change -42.05% -94.97%
Other Long-Term Liabilities $265.6K $282.6K
YoY Change -20.86% -20.16%
Total Long-Term Liabilities $305.3K $329.4K
YoY Change -24.44% -74.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.853M $2.377M
Total Long-Term Liabilities $305.3K $329.4K
Total Liabilities $2.158M $2.706M
YoY Change -35.24% -3.32%
SHAREHOLDERS EQUITY
Retained Earnings -$14.82M -$13.67M
YoY Change 51.22% 72.54%
Common Stock $13.19K $13.19K
YoY Change 0.71% 27.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.102M $1.065M
YoY Change
Treasury Stock Shares
Shareholders Equity $2.178M $3.251M
YoY Change
Total Liabilities & Shareholders Equity $4.336M $5.957M
YoY Change -61.11% 452.66%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$1.153M -$1.308M
YoY Change -38.64% 158.6%
Depreciation, Depletion And Amortization $6.080K $5.520K
YoY Change 15.81% 15.97%
Cash From Operating Activities -$791.8K -$1.455M
YoY Change 71.71% 685.6%
INVESTING ACTIVITIES
Capital Expenditures $2.470K -$32.89K
YoY Change -174.85% 439.18%
Acquisitions
YoY Change
Other Investing Activities $1.521M $1.953M
YoY Change -119.0%
Cash From Investing Activities $1.518M $1.920M
YoY Change -118.96% -31575.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -944.3K -156.9K
YoY Change -109.01% 958.64%
NET CHANGE
Cash From Operating Activities -791.8K -1.455M
Cash From Investing Activities 1.518M 1.920M
Cash From Financing Activities -944.3K -156.9K
Net Change In Cash -218.0K 308.4K
YoY Change -110.86% -249.65%
FREE CASH FLOW
Cash From Operating Activities -$791.8K -$1.455M
Capital Expenditures $2.470K -$32.89K
Free Cash Flow -$794.3K -$1.422M
YoY Change 73.49% 693.99%

Facts In Submission

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us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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blbx Increase Decrease In Prepaid Expenses And Other Current Assets
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blbx Increase Decrease In Prepaid Expenses And Other Current Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60610 usd
us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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blbx Repayment Of Senior Secured Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Issuance Of Common Stock
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blbx Repayment Of Senior Secured Notes Payable
RepaymentOfSeniorSecuredNotesPayable
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blbx Repayments Of Convertible Note Payable
RepaymentsOfConvertibleNotePayable
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blbx Repayments Of Convertible Note Payable
RepaymentsOfConvertibleNotePayable
416197 usd
blbx Repayments Of Notes Payable Related Parties
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blbx Repayments Of Notes Payable Related Parties
RepaymentsOfNotesPayableRelatedParties
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us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1065216 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
420400 usd
us-gaap Interest Paid Net
InterestPaidNet
86220 usd
us-gaap Interest Paid Net
InterestPaidNet
108705 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
blbx Common Stock Issued In Settlement Of Common Stock Payable
CommonStockIssuedInSettlementOfCommonStockPayable
30000 usd
blbx Common Stock Issued In Settlement Of Common Stock Payable
CommonStockIssuedInSettlementOfCommonStockPayable
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blbx Stock Issued Settlement Of Accrued Liabilities
StockIssuedSettlementOfAccruedLiabilities
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blbx Stock Issued Settlement Of Accrued Liabilities
StockIssuedSettlementOfAccruedLiabilities
180000 usd
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
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2400000
us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2022Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
4713028 usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Conversion Of Stock Shares Converted1
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3269998
CY2022Q3 us-gaap Preferred Stock Convertible Conversion Ratio
PreferredStockConvertibleConversionRatio
0.2 pure
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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654000
CY2021Q4 us-gaap Marketable Securities Current
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
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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
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CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
438336
blbx Warrants And Rights Outstanding Remaining Term
WarrantsAndRightsOutstandingRemainingTerm
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CY2022Q3 blbx Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Vested
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsVested
374449
CY2022Q3 blbx Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Unvested
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsUnvested
63887
CY2022Q3 blbx Warrant Nonvested Cost Not Yet Recognized Amount
WarrantNonvestedCostNotYetRecognizedAmount
244416 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
71700 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
21648 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
87934 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
89948 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
91122 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
93136 usd
CY2022Q3 blbx Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
167645 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
551433 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
197454 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
353979 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
71354 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
282625 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1000 pure

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