2023 Q1 Form 10-K Financial Statement

#000168316823002125 Filed on April 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $5.552K $8.910K $42.16K
YoY Change -27.93% -10.9% -78.77%
Cost Of Revenue $700.00 $590.00 $0.00
YoY Change -98.03% -100.0%
Gross Profit $4.850K $8.320K $42.16K
YoY Change -141.6% -78.71%
Gross Profit Margin 87.36% 93.38% 100.0%
Selling, General & Admin $96.12K $12.38K $104.8K
YoY Change 140.3% -69.05% -57.64%
% of Gross Profit 1981.86% 148.8% 248.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.480K $1.480K $5.930K
YoY Change 33.26%
% of Gross Profit 30.52% 17.79% 14.07%
Operating Expenses $98.31K $13.86K $120.5K
YoY Change 118.35% -65.35% -66.83%
Operating Profit -$92.75K -$5.540K -$78.31K
YoY Change 148.54% -90.77% -52.57%
Interest Expense $2.047K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$455.3K $0.00 $0.00
YoY Change -100.0%
Pretax Income -$548.0K -$5.540K -$78.31K
YoY Change 1368.51% -90.77% -19.16%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$548.0K -$5.540K -$78.31K
YoY Change 1368.51% -90.77% -19.16%
Net Earnings / Revenue -9870.91% -62.18% -185.74%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 273.8M shares 269.7M shares
Diluted Shares Outstanding 275.3M shares 269.7M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $680.00 $680.00
YoY Change -96.6% -97.21%
Cash & Equivalents $0.00 $676.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $676.00 $680.00
YoY Change -97.22% -97.21%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.00K $21.00K $21.00K
YoY Change -65.0% -65.0%
Other Assets
YoY Change
Total Long-Term Assets $77.99K $58.47K $58.47K
YoY Change -43.45% -43.45%
TOTAL ASSETS
Total Short-Term Assets $0.00 $676.00 $680.00
Total Long-Term Assets $77.99K $58.47K $58.47K
Total Assets $77.99K $59.15K $59.15K
YoY Change -53.7% -53.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.33K $19.72K $19.72K
YoY Change 97.2% 64.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.189K $4.189K $45.16K
YoY Change 93.67% 1990.74%
Total Short-Term Liabilities $39.11K $64.88K $64.88K
YoY Change 358.22% 358.19%
LONG-TERM LIABILITIES
Long-Term Debt $195.8K $195.8K $195.8K
YoY Change -1.02% -1.03%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $195.8K $195.8K $195.8K
YoY Change -1.02% -1.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.11K $64.88K $64.88K
Total Long-Term Liabilities $195.8K $195.8K $195.8K
Total Liabilities $234.9K $260.7K $260.7K
YoY Change 22.97% 22.97%
SHAREHOLDERS EQUITY
Retained Earnings -$3.445M -$2.918M
YoY Change 4.19%
Common Stock $276.8K $269.7K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$156.9K -$201.5K -$201.5K
YoY Change
Total Liabilities & Shareholders Equity $77.99K $59.15K $59.15K
YoY Change -53.7% -53.7%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$548.0K -$5.540K -$78.31K
YoY Change 1368.51% -90.77% -19.16%
Depreciation, Depletion And Amortization $1.480K $1.480K $5.930K
YoY Change 33.26%
Cash From Operating Activities -$566.00 -$4.360K -$64.65K
YoY Change -97.29% -93.77% -45.91%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $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 -$110.00 3.500K $40.97K
YoY Change -18.06%
NET CHANGE
Cash From Operating Activities -$566.00 -4.360K -$64.65K
Cash From Investing Activities $0.00 0.000 $0.00
Cash From Financing Activities -$110.00 3.500K $40.97K
Net Change In Cash -$676.00 -860.0 -$23.68K
YoY Change -96.77% -98.77% -65.93%
FREE CASH FLOW
Cash From Operating Activities -$566.00 -$4.360K -$64.65K
Capital Expenditures
Free Cash Flow
YoY Change

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613000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
588000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
613000 usd

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