2023 Q1 Form 10-K Financial Statement

#000109181823000028 Filed on March 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $143.5K $126.6K $530.0K
YoY Change -2.57% -0.59% 0.45%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $143.5K $126.6K $528.1K
YoY Change -2.57% -0.58% 0.08%
Operating Profit -$528.1K
YoY Change 0.08%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $143.5K -$126.6K -$528.1K
YoY Change -197.43% 546.07% 25.69%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$143.5K -$126.6K -$528.1K
YoY Change -2.57% 546.07% 25.69%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 47.64M shares 47.64M shares 47.64M shares
Diluted Shares Outstanding 47.64M shares 47.64M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.00 $70.00 $70.00
YoY Change -33.33% -22.22% -22.22%
Cash & Equivalents $43.00 $73.00 $70.00
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $43.00 $73.00 $70.00
YoY Change -38.57% -45.11% -46.15%
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 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $43.00 $73.00 $70.00
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $43.00 $73.00 $70.00
YoY Change -38.57% -45.11% -46.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.210K $750.00 $750.00
YoY Change 2110.0% -2.6% -2.6%
Accrued Expenses $1.656M $1.537M $1.537M
YoY Change 40.21% 44.71% 44.71%
Deferred Revenue
YoY Change
Short-Term Debt $216.8K $193.6K $193.6K
YoY Change 27.71% 37.62% 37.62%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.911M $1.768M $1.768M
YoY Change 37.8% 42.58% 42.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.911M $1.768M $1.768M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.911M $1.768M $1.768M
YoY Change 37.8% 42.58% 42.58%
SHAREHOLDERS EQUITY
Retained Earnings -$91.08M -$90.94M
YoY Change 0.58%
Common Stock $4.763K $4.763K
YoY Change -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.911M -$1.767M -$1.767M
YoY Change
Total Liabilities & Shareholders Equity $43.00 $73.00 $70.00
YoY Change -38.57% -45.11% -46.15%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$143.5K -$126.6K -$528.1K
YoY Change -2.57% 546.07% 25.69%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$23.25K -$7.470K -$53.03K
YoY Change -20.18% -17.73% -2.01%
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
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 $23.22K 7.450K $53.01K
YoY Change -20.2% -17.68% 10.58%
NET CHANGE
Cash From Operating Activities -$23.25K -7.470K -$53.03K
Cash From Investing Activities 0.000
Cash From Financing Activities $23.22K 7.450K $53.01K
Net Change In Cash -$30.00 -20.00 -$20.00
YoY Change -33.33% -99.68%
FREE CASH FLOW
Cash From Operating Activities -$23.25K -$7.470K -$53.03K
Capital Expenditures
Free Cash Flow
YoY Change

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