2021 Form 10-K Financial Statement
#000121390022015800 Filed on March 29, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $11.00M | $294.1K | $584.8K |
| YoY Change | 1780.61% | 21.1% | -2.69% |
| Cost Of Revenue | $4.804M | $142.4K | $243.7K |
| YoY Change | 1871.28% | 57.51% | 10.21% |
| Gross Profit | $6.194M | $151.7K | $341.1K |
| YoY Change | 1715.84% | -0.5% | -10.2% |
| Gross Profit Margin | 56.32% | 51.57% | 58.33% |
| Selling, General & Admin | $7.673M | $122.8K | $604.9K |
| YoY Change | 1168.57% | -9.94% | 15.0% |
| % of Gross Profit | 123.87% | 80.97% | 177.31% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $270.4K | $7.920K | $32.54K |
| YoY Change | 731.04% | -14.01% | -39.68% |
| % of Gross Profit | 4.37% | 5.22% | 9.54% |
| Operating Expenses | $7.673M | $122.8K | $604.9K |
| YoY Change | 1168.57% | -9.94% | 15.0% |
| Operating Profit | -$1.479M | $28.88K | -$263.7K |
| YoY Change | 460.7% | 79.6% | 80.54% |
| Interest Expense | -$2.509M | $115.1K | $10.80K |
| YoY Change | -23333.52% | -128.31% | -102.16% |
| % of Operating Profit | 398.55% | ||
| Other Income/Expense, Net | $16.89K | ||
| YoY Change | |||
| Pretax Income | -$3.562M | $25.31K | -$148.1K |
| YoY Change | 2306.07% | -100.91% | -95.12% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | -$4.486M | $25.31K | -$148.1K |
| YoY Change | 2929.93% | -100.91% | -95.12% |
| Net Earnings / Revenue | -40.79% | 8.61% | -25.32% |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | -$8.214K | $293.30 | -$3.134K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 546.1M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.093M | $70.08K | $70.08K |
| YoY Change | 1459.93% | 207.5% | 207.5% |
| Cash & Equivalents | $70.08K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $33.56K | $8.260K | $8.260K |
| YoY Change | 306.3% | -55.71% | -55.71% |
| Inventory | $3.206M | $1.143M | $1.143M |
| Prepaid Expenses | |||
| Receivables | $51.32K | $100.3K | $100.3K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $4.384M | $1.322M | $1.322M |
| YoY Change | 231.73% | 2.26% | 2.26% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $191.5K | $148.1K | $148.1K |
| YoY Change | 29.31% | -23.07% | -23.07% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| 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 | $153.9K | $153.9K |
| YoY Change | 4051.59% | -22.39% | -22.39% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $4.384M | $1.322M | $1.322M |
| Total Long-Term Assets | $6.391M | $153.9K | $153.9K |
| Total Assets | $10.77M | $1.476M | $1.476M |
| YoY Change | 630.21% | -1.02% | -1.02% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.092M | $189.3K | |
| YoY Change | 1004.79% | -45.84% | |
| Accrued Expenses | $568.0K | $170.4K | $170.4K |
| YoY Change | 233.37% | -29.35% | -29.35% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $2.255M | $545.2K | $545.2K |
| YoY Change | 313.61% | -3.1% | -3.1% |
| Long-Term Debt Due | $855.2K | ||
| YoY Change | |||
| Total Short-Term Liabilities | $6.748M | $1.106M | $1.106M |
| YoY Change | 509.96% | -28.6% | -28.6% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $261.8K | $0.00 | |
| YoY Change | |||
| Other Long-Term Liabilities | $24.60K | $540.3K | $540.3K |
| YoY Change | -95.45% | -2.47% | -2.47% |
| Total Long-Term Liabilities | $286.4K | $0.00 | $540.3K |
| YoY Change | -47.0% | -100.0% | -2.47% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.748M | $1.106M | $1.106M |
| Total Long-Term Liabilities | $286.4K | $0.00 | $540.3K |
| Total Liabilities | $6.477M | $1.647M | $1.647M |
| YoY Change | 293.35% | -21.72% | -21.72% |
| 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 | $4.298M | -$171.1K | -$171.1K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $10.77M | $1.476M | $1.476M |
| YoY Change | 630.21% | -1.02% | -1.02% |
Cashflow Statement
Facts In Submission
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|---|---|---|---|---|
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Due To Related Parties Noncurrent
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