2023 Q3 Form 10-Q Financial Statement
#000143774923023598 Filed on August 14, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $728.5K | $737.4K |
YoY Change | -40.25% | -47.3% |
Cost Of Revenue | $327.9K | $427.0K |
YoY Change | -33.48% | -14.51% |
Gross Profit | $400.5K | $310.4K |
YoY Change | -44.84% | -65.5% |
Gross Profit Margin | 54.98% | 42.1% |
Selling, General & Admin | $1.090M | $1.504M |
YoY Change | -32.58% | -12.46% |
% of Gross Profit | 272.13% | 484.43% |
Research & Development | $173.7K | $227.3K |
YoY Change | -42.55% | -34.13% |
% of Gross Profit | 43.36% | 73.21% |
Depreciation & Amortization | $10.00K | $10.68K |
YoY Change | 81.16% | 82.56% |
% of Gross Profit | 2.5% | 3.44% |
Operating Expenses | $1.270M | $1.742M |
YoY Change | -34.02% | -15.8% |
Operating Profit | -$869.2K | -$1.431M |
YoY Change | -27.46% | 22.46% |
Interest Expense | $10.00K | $6.800K |
YoY Change | -109.08% | -104.62% |
% of Operating Profit | ||
Other Income/Expense, Net | $197.5K | $6.805K |
YoY Change | -279.3% | -104.62% |
Pretax Income | -$671.7K | -$1.424M |
YoY Change | -48.66% | 8.24% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$671.7K | -$1.424M |
YoY Change | -48.66% | 8.24% |
Net Earnings / Revenue | -92.21% | -193.18% |
Basic Earnings Per Share | -$0.21 | -$0.45 |
Diluted Earnings Per Share | -$0.21 | -$0.45 |
COMMON SHARES | ||
Basic Shares Outstanding | 3.185M | 3.146M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $470.0K | $945.7K |
YoY Change | -91.23% | -86.62% |
Cash & Equivalents | $463.3K | $272.6K |
Short-Term Investments | $0.00 | $673.2K |
Other Short-Term Assets | $260.0K | $144.7K |
YoY Change | 206.35% | 40.72% |
Inventory | $3.464K | $15.46K |
Prepaid Expenses | ||
Receivables | $82.10K | $290.0K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $810.5K | $1.396M |
YoY Change | -85.28% | -80.64% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $350.0K | $374.8K |
YoY Change | -22.34% | -14.35% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $8.420M | $8.424M |
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $8.770M | $8.799M |
YoY Change | 1845.96% | 1910.7% |
TOTAL ASSETS | ||
Total Short-Term Assets | $810.5K | $1.396M |
Total Long-Term Assets | $8.770M | $8.799M |
Total Assets | $9.581M | $10.19M |
YoY Change | 60.83% | 33.31% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $825.1K | $750.1K |
YoY Change | 11.69% | -7.1% |
Accrued Expenses | $70.00K | $68.98K |
YoY Change | -10.14% | -7.74% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $30.00K | $28.88K |
YoY Change | -96.75% | -96.92% |
Total Short-Term Liabilities | $1.493M | $1.568M |
YoY Change | -37.18% | -42.58% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $20.00K | $25.14K |
YoY Change | -57.28% | -53.46% |
Other Long-Term Liabilities | $220.0K | $232.7K |
YoY Change | -22.16% | -22.45% |
Total Long-Term Liabilities | $234.4K | $257.8K |
YoY Change | -28.84% | -27.18% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.493M | $1.568M |
Total Long-Term Liabilities | $234.4K | $257.8K |
Total Liabilities | $1.728M | $1.826M |
YoY Change | -36.17% | -40.81% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$18.82M | -$18.15M |
YoY Change | 37.68% | 46.82% |
Common Stock | $3.198K | $3.270K |
YoY Change | -75.76% | -75.2% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $15.29K | $15.29K |
YoY Change | -98.56% | -98.38% |
Treasury Stock Shares | ||
Shareholders Equity | $7.853M | $8.368M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $9.581M | $10.19M |
YoY Change | 60.83% | 33.31% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$671.7K | -$1.424M |
YoY Change | -48.66% | 8.24% |
Depreciation, Depletion And Amortization | $10.00K | $10.68K |
YoY Change | 81.16% | 82.56% |
Cash From Operating Activities | -$480.0K | -$1.466M |
YoY Change | -67.0% | 17.74% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | $2.880K |
YoY Change | -100.0% | -109.42% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $680.0K | $1.514M |
YoY Change | -65.18% | 39.9% |
Cash From Investing Activities | $680.0K | $1.511M |
YoY Change | -64.58% | 43.7% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -10.00K | -22.46K |
YoY Change | -93.63% | -81.73% |
NET CHANGE | ||
Cash From Operating Activities | -480.0K | -1.466M |
Cash From Investing Activities | 680.0K | 1.511M |
Cash From Financing Activities | -10.00K | -22.46K |
Net Change In Cash | 190.0K | 22.76K |
YoY Change | -38.4% | -107.19% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$480.0K | -$1.466M |
Capital Expenditures | $0.00 | $2.880K |
Free Cash Flow | -$480.0K | -$1.469M |
YoY Change | -66.24% | 20.94% |
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<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. | ||
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
91122 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
93136 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
95150 | usd |
CY2023Q2 | blbx |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
72495 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
486154 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
186116 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
300038 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
67371 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
232667 | usd |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y3D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.1000 | pure |