2022 Q4 Form 20-F Financial Statement

#000110465923040145 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.952M $3.952M $2.378M
YoY Change 66.19% 66.19% 15.72%
% of Gross Profit
Research & Development $8.869M $8.869M $7.419M
YoY Change 19.54% 19.54% 101.17%
% of Gross Profit
Depreciation & Amortization $64.00K $15.00K
YoY Change 113.33% 66.67%
% of Gross Profit
Operating Expenses $12.82M $12.82M $9.797M
YoY Change 30.87% 30.87% 70.59%
Operating Profit -$12.82M
YoY Change 30.87%
Interest Expense $173.0K $16.00K $131.0K
YoY Change 32.06% -87.79% -1555.56%
% of Operating Profit
Other Income/Expense, Net $173.0K
YoY Change 32.06%
Pretax Income -$12.65M -$12.65M -$9.666M
YoY Change 30.85% 30.85% 68.05%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$12.65M -$12.60M -$9.666M
YoY Change 30.85% 30.35% 68.02%
Net Earnings / Revenue
Basic Earnings Per Share -$0.63
Diluted Earnings Per Share -$0.63 -$0.63 -$401.2K
COMMON SHARES
Basic Shares Outstanding 24.90M 19.98M
Diluted Shares Outstanding 19.98M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.09M $42.09M $17.34M
YoY Change 142.67% 142.67%
Cash & Equivalents $42.10M $17.34M
Short-Term Investments
Other Short-Term Assets $699.0K $699.0K $64.00K
YoY Change 992.19% 992.19%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $42.81M $42.81M $17.43M
YoY Change 145.58% 145.58%
LONG-TERM ASSETS
Property, Plant & Equipment $541.0K $1.347M $94.00K
YoY Change 475.53% 1332.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $119.0K $119.0K $823.0K
YoY Change -85.54% -85.54%
Total Long-Term Assets $1.466M $1.466M $917.0K
YoY Change 59.87% 59.87%
TOTAL ASSETS
Total Short-Term Assets $42.81M $42.81M $17.43M
Total Long-Term Assets $1.466M $1.466M $917.0K
Total Assets $44.27M $44.27M $18.35M
YoY Change 141.3% 141.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.906M $2.030M $1.413M
YoY Change 34.89% 43.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $71.00K
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.104M $2.104M $1.635M
YoY Change 28.69% 28.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $668.0K $668.0K
YoY Change
Total Long-Term Liabilities $668.0K $668.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.104M $2.104M $1.635M
Total Long-Term Liabilities $668.0K $668.0K $0.00
Total Liabilities $2.772M $2.772M $1.635M
YoY Change 69.54% 69.54%
SHAREHOLDERS EQUITY
Retained Earnings -$39.90M -$27.20M
YoY Change 46.69% 54.55%
Common Stock $3.000K $1.000K
YoY Change 200.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.50M $41.50M $16.71M
YoY Change
Total Liabilities & Shareholders Equity $44.27M $44.27M $18.35M
YoY Change 141.3% 141.3%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$12.65M -$12.60M -$9.666M
YoY Change 30.85% 30.35% 68.02%
Depreciation, Depletion And Amortization $64.00K $15.00K
YoY Change 113.33% 66.67%
Cash From Operating Activities -$11.46M -$3.989M
YoY Change 53.3% 30.96%
INVESTING ACTIVITIES
Capital Expenditures $394.0K $0.00
YoY Change -632.43%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.000K
YoY Change -100.0% -115.0%
Cash From Investing Activities -$394.0K $3.000K
YoY Change 603.57% -115.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $232.0K
YoY Change -99.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.96M -583.0K
YoY Change -6440.14% -102.67%
NET CHANGE
Cash From Operating Activities -11.46M -3.989M
Cash From Investing Activities -394.0K 3.000K
Cash From Financing Activities 36.96M -583.0K
Net Change In Cash 24.75M -4.569M
YoY Change -405.0% -124.34%
FREE CASH FLOW
Cash From Operating Activities -$11.46M -$3.989M
Capital Expenditures $394.0K $0.00
Free Cash Flow -$11.85M -$3.989M
YoY Change 60.16% 30.96%

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