2022 Q1 Form 10-Q Financial Statement
#000149315222011429 Filed on April 28, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $2.526M | $1.015M |
| YoY Change | 148.9% | 38.29% |
| Cost Of Revenue | $1.762M | $665.5K |
| YoY Change | 164.75% | 97.44% |
| Gross Profit | $764.0K | $349.3K |
| YoY Change | 118.71% | -11.97% |
| Gross Profit Margin | 30.25% | 34.42% |
| Selling, General & Admin | $1.467M | $683.5K |
| YoY Change | 114.64% | -39.99% |
| % of Gross Profit | 192.02% | 195.65% |
| Research & Development | $30.00K | $68.14K |
| YoY Change | -55.97% | -20.23% |
| % of Gross Profit | 3.93% | 19.51% |
| Depreciation & Amortization | $161.0K | $146.9K |
| YoY Change | 9.58% | -2.14% |
| % of Gross Profit | 21.07% | 42.06% |
| Operating Expenses | $1.658M | $898.5K |
| YoY Change | 84.52% | -34.63% |
| Operating Profit | -$894.0K | -$549.2K |
| YoY Change | 62.78% | -43.83% |
| Interest Expense | -$42.30K | |
| YoY Change | -70.72% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$894.0K | -$591.5K |
| YoY Change | 51.14% | -20.4% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$894.0K | -$591.5K |
| YoY Change | 51.14% | -20.4% |
| Net Earnings / Revenue | -35.39% | -58.29% |
| Basic Earnings Per Share | -$0.07 | |
| Diluted Earnings Per Share | -$69.22K | -$51.57K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 12.91M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.284M | $1.970M |
| YoY Change | 117.49% | -15.86% |
| Cash & Equivalents | $4.534M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $351.8K | $201.0K |
| YoY Change | 74.99% | 123.64% |
| Inventory | $850.8K | $764.0K |
| Prepaid Expenses | ||
| Receivables | $1.720M | $578.7K |
| Other Receivables | $232.0K | $0.00 |
| Total Short-Term Assets | $7.439M | $3.514M |
| YoY Change | 111.71% | -31.87% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.527M | $1.953M |
| YoY Change | -21.85% | -21.19% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $6.750K | $14.82K |
| YoY Change | -54.45% | 78.55% |
| Total Long-Term Assets | $1.888M | $2.384M |
| YoY Change | -20.81% | -19.26% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $7.439M | $3.514M |
| Total Long-Term Assets | $1.888M | $2.384M |
| Total Assets | $9.326M | $5.897M |
| YoY Change | 58.15% | -27.28% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.378M | $336.7K |
| YoY Change | 309.17% | -39.59% |
| Accrued Expenses | $502.4K | $1.041M |
| YoY Change | -51.74% | 91.3% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $200.6K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $1.487M | |
| YoY Change | 767.62% | |
| Total Short-Term Liabilities | $1.880M | $3.491M |
| YoY Change | -46.15% | 171.96% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $631.3K |
| YoY Change | -100.0% | -43.99% |
| Other Long-Term Liabilities | $33.60K | $76.73K |
| YoY Change | -56.21% | -69.83% |
| Total Long-Term Liabilities | $33.60K | $708.0K |
| YoY Change | -95.25% | -48.75% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.880M | $3.491M |
| Total Long-Term Liabilities | $33.60K | $708.0K |
| Total Liabilities | $1.914M | $4.199M |
| YoY Change | -54.43% | 57.56% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $7.413M | $1.698M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.326M | $5.897M |
| YoY Change | 58.15% | -27.28% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$894.0K | -$591.5K |
| YoY Change | 51.14% | -20.4% |
| Depreciation, Depletion And Amortization | $161.0K | $146.9K |
| YoY Change | 9.58% | -2.14% |
| Cash From Operating Activities | -$1.132M | -$394.1K |
| YoY Change | 187.28% | -59.52% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$13.52K | -$5.910K |
| YoY Change | 128.76% | -67.86% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$13.52K | -$5.910K |
| YoY Change | 128.76% | -67.86% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 5.000K | 552.9K |
| YoY Change | -99.1% | -76.08% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.132M | -394.1K |
| Cash From Investing Activities | -13.52K | -5.910K |
| Cash From Financing Activities | 5.000K | 552.9K |
| Net Change In Cash | -1.141M | 152.9K |
| YoY Change | -845.97% | -88.41% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.132M | -$394.1K |
| Capital Expenditures | -$13.52K | -$5.910K |
| Free Cash Flow | -$1.119M | -$388.2K |
| YoY Change | 188.17% | -59.36% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| CY2022Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
USD | |
| CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
| CY2022Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2022Q1 | BRFH |
Equipment Included In Accounts Payable And Accrued Liability
EquipmentIncludedInAccountsPayableAndAccruedLiability
|
USD | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
shares | |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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