2021 Q4 Form 10-Q Financial Statement
#000121390021057375 Filed on November 08, 2021
Income Statement
| Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
|---|---|---|---|
| Revenue | $5.536M | $2.175M | $137.3K |
| YoY Change | 1782.27% | 1483.69% | 0.23% |
| Cost Of Revenue | $2.705M | $1.411M | $29.10K |
| YoY Change | 1798.82% | 4748.35% | -41.77% |
| Gross Profit | $2.832M | $764.2K | $108.2K |
| YoY Change | 1766.72% | 606.0% | 24.33% |
| Gross Profit Margin | 51.15% | 35.13% | 78.81% |
| Selling, General & Admin | $2.520M | $1.716M | $104.2K |
| YoY Change | 1951.54% | 1546.52% | -2.15% |
| % of Gross Profit | 88.98% | 224.49% | 96.26% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $71.37K | $70.99K | $8.000K |
| YoY Change | 801.14% | 787.37% | -15.25% |
| % of Gross Profit | 2.52% | 9.29% | 7.39% |
| Operating Expenses | $2.520M | $1.716M | $104.2K |
| YoY Change | 1951.71% | 1546.69% | -2.16% |
| Operating Profit | $311.9K | -$951.3K | $4.060K |
| YoY Change | 980.06% | -23532.27% | -120.91% |
| Interest Expense | $107.9K | -$610.6K | $161.2K |
| YoY Change | -6.28% | -478.68% | -589.79% |
| % of Operating Profit | 34.58% | 3971.43% | |
| Other Income/Expense, Net | -$17.52K | $10.00K | |
| YoY Change | |||
| Pretax Income | $283.2K | -$1.447M | $388.9K |
| YoY Change | 1018.96% | -472.19% | -842.93% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | -$1.501M | -$963.6K | $388.9K |
| YoY Change | -6031.37% | -347.81% | -842.93% |
| Net Earnings / Revenue | -27.12% | -44.3% | 283.13% |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | -$1.486K | -$1.423K | $2.331K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 957.4M shares | 676.9M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.093M | $1.143M | $86.31K |
| YoY Change | 1459.93% | 1224.49% | |
| Cash & Equivalents | $1.093M | $1.143M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $33.56K | $32.03K | $3.220K |
| YoY Change | 306.3% | 894.72% | |
| Inventory | $3.206M | $2.970M | $1.188M |
| Prepaid Expenses | |||
| Receivables | $51.32K | $95.49K | $161.5K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $4.384M | $4.240M | $1.439M |
| YoY Change | 231.73% | 194.58% | 17.22% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $191.5K | $225.5K | $159.1K |
| YoY Change | 29.31% | 41.67% | -20.42% |
| Goodwill | $5.681M | ||
| YoY Change | |||
| Intangibles | $511.3K | ||
| YoY Change | |||
| Long-Term Investments | $6.600K | $5.830K | $5.830K |
| YoY Change | 13.21% | 0.0% | 0.0% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $6.391M | $6.484M | $165.0K |
| YoY Change | 4051.59% | 3830.3% | -19.83% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $4.384M | $4.240M | $1.439M |
| Total Long-Term Assets | $6.391M | $6.484M | $165.0K |
| Total Assets | $10.77M | $10.72M | $1.604M |
| YoY Change | 630.21% | 568.44% | 11.9% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.092M | $1.910M | $235.5K |
| YoY Change | 710.99% | -39.92% | |
| Accrued Expenses | $628.7K | $189.9K | |
| YoY Change | 231.08% | 1555.54% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $2.255M | $2.111M | $789.4K |
| YoY Change | 313.61% | 167.36% | 33.89% |
| Long-Term Debt Due | $855.2K | $1.166M | |
| YoY Change | |||
| Total Short-Term Liabilities | $6.748M | $7.764M | $1.426M |
| YoY Change | 509.96% | 444.6% | 12.14% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $261.8K | $260.9K | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $24.60K | $28.72K | $543.9K |
| YoY Change | -95.45% | -94.72% | -48.57% |
| Total Long-Term Liabilities | $286.4K | $289.7K | $543.9K |
| YoY Change | -46.74% | -48.57% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.748M | $7.764M | $1.426M |
| Total Long-Term Liabilities | $286.4K | $289.7K | $543.9K |
| Total Liabilities | $6.477M | $7.559M | $1.969M |
| YoY Change | 293.35% | 283.8% | -15.43% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$14.45M | ||
| YoY Change | |||
| Common Stock | $12.17K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $4.298M | $3.166M | -$365.1K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $10.77M | $10.72M | $1.604M |
| YoY Change | 630.21% | 568.44% | 11.9% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.501M | -$963.6K | $388.9K |
| YoY Change | -6031.37% | -347.81% | -842.93% |
| Depreciation, Depletion And Amortization | $71.37K | $70.99K | $8.000K |
| YoY Change | 801.14% | 787.37% | -15.25% |
| Cash From Operating Activities | $116.2K | -$1.540M | -$288.7K |
| YoY Change | -5.73% | 433.41% | -7463.78% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | -$3.330K | $0.00 |
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$838.5K | |
| YoY Change | |||
| Cash From Investing Activities | $0.00 | -$841.9K | $0.00 |
| YoY Change | |||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -166.2K | 1.106M | 375.0K |
| YoY Change | 19.12% | 194.86% | -2175.1% |
| NET CHANGE | |||
| Cash From Operating Activities | 116.2K | -1.540M | -288.7K |
| Cash From Investing Activities | 0.000 | -841.9K | 0.000 |
| Cash From Financing Activities | -166.2K | 1.106M | 375.0K |
| Net Change In Cash | -49.97K | -1.276M | 86.31K |
| YoY Change | 207.89% | -1578.33% | -709.96% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $116.2K | -$1.540M | -$288.7K |
| Capital Expenditures | $0.00 | -$3.330K | $0.00 |
| Free Cash Flow | $116.2K | -$1.536M | -$288.7K |
| YoY Change | -5.73% | 432.26% | -7463.78% |
Facts In Submission
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