2023 Q2 Form 10-Q Financial Statement

#000168316823003620 Filed on May 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $7.933K $5.552K $7.704K
YoY Change -44.36% -27.93% -90.37%
Cost Of Revenue $0.00 $700.00 $0.00
YoY Change -100.0%
Gross Profit $7.930K $4.850K $0.00
YoY Change -20.7% -100.0%
Gross Profit Margin 99.96% 87.36% 0.0%
Selling, General & Admin $8.490K $96.12K $40.00K
YoY Change -78.78% 140.3% -55.56%
% of Gross Profit 107.06% 1981.86%
Research & Development $80.78K
YoY Change
% of Gross Profit 1018.68%
Depreciation & Amortization $1.490K $1.480K $0.00
YoY Change
% of Gross Profit 18.79% 30.52%
Operating Expenses $9.976K $98.31K $45.02K
YoY Change -79.01% 118.35% -49.97%
Operating Profit -$2.043K -$92.75K -$37.32K
YoY Change -93.86% 148.54% -6.7%
Interest Expense $2.085K $2.047K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.085K -$455.3K $0.00
YoY Change -100.0%
Pretax Income -$4.128K -$548.0K -$37.32K
YoY Change -87.59% 1368.51%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.128K -$548.0K -$37.32K
YoY Change -87.59% 1368.51%
Net Earnings / Revenue -52.04% -9870.91% -484.41%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 276.8M shares 273.8M shares 269.7M shares
Diluted Shares Outstanding 269.7M shares 275.3M shares 269.7M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $0.00 $0.00 $3.438K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $0.00
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $51.00K $42.00K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $85.51K $77.99K
YoY Change 113.77%
TOTAL ASSETS
Total Short-Term Assets $0.00 $0.00
Total Long-Term Assets $85.51K $77.99K
Total Assets $85.51K $77.99K
YoY Change 113.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.98K $22.33K
YoY Change 24.9%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.189K $4.189K
YoY Change -89.53%
Total Short-Term Liabilities $41.76K $39.11K
YoY Change -30.41%
LONG-TERM LIABILITIES
Long-Term Debt $195.8K $195.8K
YoY Change -2.09%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $195.8K $195.8K
YoY Change -2.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.76K $39.11K
Total Long-Term Liabilities $195.8K $195.8K
Total Liabilities $237.6K $234.9K
YoY Change -8.63%
SHAREHOLDERS EQUITY
Retained Earnings -$3.440M -$3.445M
YoY Change
Common Stock $276.8K $276.8K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$152.1K -$156.9K -$101.6K
YoY Change
Total Liabilities & Shareholders Equity $85.51K $77.99K
YoY Change 113.77%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.128K -$548.0K -$37.32K
YoY Change -87.59% 1368.51%
Depreciation, Depletion And Amortization $1.490K $1.480K $0.00
YoY Change
Cash From Operating Activities $0.00 -$566.00 -$20.92K
YoY Change -100.0% -97.29%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $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 0.000 -$110.00 $0.00
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 0.000 -$566.00 -$20.92K
Cash From Investing Activities 0.000 $0.00 $0.00
Cash From Financing Activities 0.000 -$110.00 $0.00
Net Change In Cash 0.000 -$676.00 -$20.92K
YoY Change -96.77%
FREE CASH FLOW
Cash From Operating Activities $0.00 -$566.00 -$20.92K
Capital Expenditures
Free Cash Flow
YoY Change

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Files In Submission

Name View Source Status
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0001683168-23-003620.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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