2020 Q3 Form 10-Q Financial Statement

#000156459021018951 Filed on April 15, 2021

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $5.232M $0.00
YoY Change
Cost Of Revenue $1.315M
YoY Change
Gross Profit $3.917M
YoY Change
Gross Profit Margin 74.87%
Selling, General & Admin $2.246M $9.030K
YoY Change 24772.65% -93.23%
% of Gross Profit 57.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.629M $808.00
YoY Change 325271.29% 0.0%
% of Gross Profit 67.12%
Operating Expenses $4.743M $9.030K
YoY Change 52424.92% -93.23%
Operating Profit -$826.0K -$9.034K
YoY Change 9043.24% -93.23%
Interest Expense -$1.717M $328.00
YoY Change -523575.61% 28.13%
% of Operating Profit
Other Income/Expense, Net -$1.717M
YoY Change
Pretax Income -$2.543M -$9.360K
YoY Change 27068.8% -93.0%
Income Tax -$600.0K
% Of Pretax Income
Net Earnings -$1.630M -$9.362K
YoY Change 17310.81% -93.0%
Net Earnings / Revenue -31.15%
Basic Earnings Per Share
Diluted Earnings Per Share -$72.57K -$3.585K
COMMON SHARES
Basic Shares Outstanding 22.46M 2.611M
Diluted Shares Outstanding 22.46M

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.405M $32.23K
YoY Change 10464.69% -87.72%
Cash & Equivalents $3.405M $348.0K
Short-Term Investments
Other Short-Term Assets $11.03K
YoY Change -75.96%
Inventory
Prepaid Expenses
Receivables $2.763M
Other Receivables $105.0K
Total Short-Term Assets $6.168M $43.26K
YoY Change 14156.99% -85.96%
LONG-TERM ASSETS
Property, Plant & Equipment $114.0K $16.15K
YoY Change 605.79% -16.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.833M
YoY Change
Total Long-Term Assets $183.3M $16.15K
YoY Change 1135022.59% -16.67%
TOTAL ASSETS
Total Short-Term Assets $6.168M $43.26K
Total Long-Term Assets $183.3M $16.15K
Total Assets $189.5M $59.42K
YoY Change 318864.91% -81.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.148M $267.3K
YoY Change 3322.5% 520.74%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.808M $294.7K
YoY Change 3228.67% 153.82%
LONG-TERM LIABILITIES
Long-Term Debt $117.7M $0.00
YoY Change
Other Long-Term Liabilities $3.092M
YoY Change
Total Long-Term Liabilities $120.8M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $9.808M $294.7K
Total Long-Term Liabilities $120.8M $0.00
Total Liabilities $142.4M $294.7K
YoY Change 48219.71% 153.82%
SHAREHOLDERS EQUITY
Retained Earnings -$112.1M
YoY Change 0.4%
Common Stock $26.11K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.14M -$235.2K
YoY Change
Total Liabilities & Shareholders Equity $189.5M $59.42K
YoY Change 318864.91% -81.87%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$1.630M -$9.362K
YoY Change 17310.81% -93.0%
Depreciation, Depletion And Amortization $2.629M $808.00
YoY Change 325271.29% 0.0%
Cash From Operating Activities -$1.881M $35.68K
YoY Change -5371.86% -143.08%
INVESTING ACTIVITIES
Capital Expenditures -$1.372M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $86.00K
YoY Change
Cash From Investing Activities -$1.286M
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 510.0K -8.180K
YoY Change -6334.72% 156.43%
NET CHANGE
Cash From Operating Activities -1.881M 35.68K
Cash From Investing Activities -1.286M
Cash From Financing Activities 510.0K -8.180K
Net Change In Cash -2.657M 27.50K
YoY Change -9761.82% -131.97%
FREE CASH FLOW
Cash From Operating Activities -$1.881M $35.68K
Capital Expenditures -$1.372M
Free Cash Flow -$509.0K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Prior Period Reclassification Adjustment Description
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<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications have been made to the consolidated balance sheet as of December 31, 2019 to conform to the 2020 presentation.</p>
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