2022 Q1 Form 10-Q Financial Statement
#000149315222018268 Filed on June 30, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $3.459M | $2.400M |
| YoY Change | 44.15% | 5.71% |
| Cost Of Revenue | $1.691M | $1.367M |
| YoY Change | 23.69% | -25.03% |
| Gross Profit | $1.769M | $1.033M |
| YoY Change | 71.22% | 131.01% |
| Gross Profit Margin | 51.13% | 43.04% |
| Selling, General & Admin | $3.491M | $3.879M |
| YoY Change | -9.99% | -2.53% |
| % of Gross Profit | 197.4% | 375.51% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $399.7K | $414.3K |
| YoY Change | -3.54% | -56.75% |
| % of Gross Profit | 22.6% | 40.11% |
| Operating Expenses | $3.887M | $4.274M |
| YoY Change | -9.06% | 7.41% |
| Operating Profit | -$2.119M | -$3.242M |
| YoY Change | -34.64% | -8.23% |
| Interest Expense | -$35.30K | -$296.3K |
| YoY Change | -88.09% | -3403.01% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$804.3K | $121.8K |
| YoY Change | -760.17% | -55477.27% |
| Pretax Income | -$2.117M | -$1.709M |
| YoY Change | 23.85% | -51.49% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.117M | -$1.709M |
| YoY Change | 23.85% | -50.58% |
| Net Earnings / Revenue | -61.2% | -71.23% |
| Basic Earnings Per Share | -$0.01 | |
| Diluted Earnings Per Share | -$14.20K | -$14.37K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 149.1M shares | |
| Diluted Shares Outstanding | 149.1M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $575.3K | $1.548M |
| YoY Change | -62.83% | 21.86% |
| Cash & Equivalents | $575.3K | $1.548M |
| Short-Term Investments | ||
| Other Short-Term Assets | $885.4K | $825.1K |
| YoY Change | 7.3% | 70.11% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $2.702M | $2.764M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $4.162M | $5.137M |
| YoY Change | -18.97% | 2.71% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $58.59K | $101.8K |
| YoY Change | -42.43% | -72.8% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $432.5K | $925.0K |
| YoY Change | -53.25% | 6.36% |
| Total Long-Term Assets | $25.81M | $27.94M |
| YoY Change | -7.61% | -62.04% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.162M | $5.137M |
| Total Long-Term Assets | $25.81M | $27.94M |
| Total Assets | $29.97M | $33.07M |
| YoY Change | -9.38% | -57.92% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $8.456M | $8.034M |
| YoY Change | 5.26% | -1.46% |
| Accrued Expenses | $4.406M | $3.025M |
| YoY Change | 45.65% | 250.23% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $507.8K | $2.221M |
| YoY Change | -77.14% | 664.31% |
| Total Short-Term Liabilities | $14.31M | $14.17M |
| YoY Change | 1.02% | 47.93% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $24.19M | $16.50M |
| YoY Change | 46.65% | 56428.75% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $24.19M | $16.50M |
| YoY Change | 46.65% | 10199.13% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $14.31M | $14.17M |
| Total Long-Term Liabilities | $24.19M | $16.50M |
| Total Liabilities | $38.50M | $30.67M |
| YoY Change | 25.57% | 199.0% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | 825.2K shares | |
| Shareholders Equity | -$8.533M | $2.407M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $29.97M | $33.07M |
| YoY Change | -9.38% | -57.92% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.117M | -$1.709M |
| YoY Change | 23.85% | -50.58% |
| Depreciation, Depletion And Amortization | $399.7K | $414.3K |
| YoY Change | -3.54% | -56.75% |
| Cash From Operating Activities | -$1.242M | -$222.1K |
| YoY Change | 459.06% | -83.78% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$6.560K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$6.560K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.036M | 1.040M |
| YoY Change | -0.45% | -38.16% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.242M | -222.1K |
| Cash From Investing Activities | -6.560K | |
| Cash From Financing Activities | 1.036M | 1.040M |
| Net Change In Cash | $0.00 | 811.6K |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.242M | -$222.1K |
| Capital Expenditures | -$6.560K | |
| Free Cash Flow | -$1.242M | -$215.5K |
| YoY Change | 476.08% | -84.26% |
Facts In Submission
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|---|---|---|---|---|
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Commitments And Contingencies
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10254 | USD |
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10254 | USD |
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216101 | USD |
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Share Issuance Liability
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27012 | USD |
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366899 | USD |
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|
366899 | USD |
