2022 Q1 Form 10-Q Financial Statement
#000109181822000039 Filed on May 04, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $147.2K | $145.6K |
| YoY Change | 1.13% | -99.76% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $147.2K | $145.6K |
| YoY Change | 1.13% | -99.76% |
| Operating Profit | -$145.6K | |
| YoY Change | -99.76% | |
| Interest Expense | $0.00 | $87.00 |
| YoY Change | -100.0% | 0.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$87.00 | |
| YoY Change | -101.0% | |
| Pretax Income | -$147.2K | -$145.7K |
| YoY Change | 1.07% | -99.76% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$147.2K | -$145.7K |
| YoY Change | 1.07% | -99.76% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$3.091K | -$3.058K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 47.64M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $60.00 | $6.150K |
| YoY Change | -99.02% | -2.23% |
| Cash & Equivalents | $60.00 | $6.153K |
| Short-Term Investments | ||
| Other Short-Term Assets | $10.00 | $120.00 |
| YoY Change | -91.67% | |
| Inventory | ||
| Prepaid Expenses | $120.00 | |
| Receivables | $0.00 | |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $70.00 | $6.273K |
| YoY Change | -98.88% | -0.27% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $70.00 | $6.273K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $70.00 | $6.273K |
| YoY Change | -98.88% | -0.27% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $100.00 | $110.0K |
| YoY Change | -99.91% | 7.85% |
| Accrued Expenses | $1.181M | $706.2K |
| YoY Change | 67.26% | 104.59% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $169.8K | $123.6K |
| YoY Change | 37.29% | 783.77% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.387M | $971.3K |
| YoY Change | 42.78% | 71.45% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.387M | $971.3K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $1.387M | $971.3K |
| YoY Change | 42.77% | 71.45% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$90.14M | |
| YoY Change | ||
| Common Stock | $89.17M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$1.387M | -$965.1K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $70.00 | $6.273K |
| YoY Change | -98.88% | -0.27% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$147.2K | -$145.7K |
| YoY Change | 1.07% | -99.76% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$29.13K | -$21.56K |
| YoY Change | 35.14% | 21.48% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | ||
| 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 | 29.10K | $21.44K |
| YoY Change | 35.75% | 20.8% |
| NET CHANGE | ||
| Cash From Operating Activities | -29.13K | -$21.56K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 29.10K | $21.44K |
| Net Change In Cash | $0.00 | -$120.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$29.13K | -$21.56K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| CY2022Q1 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
USD | |
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001444839 | |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
| CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2022Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| CY2021Q4 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
USD |
