2021 Form 10-K Financial Statement
#000149315222010714 Filed on April 22, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $6.227M | $930.0K | $4.556M |
| YoY Change | 36.69% | 26.69% | 53.52% |
| Cost Of Revenue | $4.338M | $745.1K | $3.092M |
| YoY Change | 40.31% | -7.51% | 22.72% |
| Gross Profit | $1.890M | $184.9K | $1.464M |
| YoY Change | 29.03% | -358.77% | 226.56% |
| Gross Profit Margin | 30.34% | 19.88% | 32.14% |
| Selling, General & Admin | $3.667M | $848.3K | $2.682M |
| YoY Change | 36.7% | 111.31% | 61.11% |
| % of Gross Profit | 194.06% | 458.71% | 183.17% |
| Research & Development | $75.44K | $30.00K | $115.2K |
| YoY Change | -34.49% | 71.47% | |
| % of Gross Profit | 3.99% | 16.22% | 7.86% |
| Depreciation & Amortization | $56.47K | $6.230K | $21.01K |
| YoY Change | 168.78% | 35.73% | 126.4% |
| % of Gross Profit | 2.99% | 3.37% | 1.43% |
| Operating Expenses | $3.742M | $878.5K | $2.797M |
| YoY Change | 33.77% | 124.27% | 61.51% |
| Operating Profit | -$1.853M | -$693.6K | -$1.333M |
| YoY Change | 38.98% | 49.75% | 3.85% |
| Interest Expense | -$21.52K | -$3.810K | -$18.56K |
| YoY Change | 15.95% | 204.8% | 162.52% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $264.2K | ||
| YoY Change | |||
| Pretax Income | -$1.588M | -$697.4K | -$1.352M |
| YoY Change | 17.52% | 17.13% | -4.93% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.588M | -$697.4K | -$1.352M |
| YoY Change | 17.52% | 17.13% | -4.93% |
| Net Earnings / Revenue | -25.51% | -74.99% | -29.67% |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | -$4.544K | -$2.303K | -$4.688K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 349.6M shares | ||
| Diluted Shares Outstanding | 349.6M shares |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $643.1K | $345.2K | $345.2K |
| YoY Change | 86.31% | 388.8% | 388.8% |
| Cash & Equivalents | $345.2K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $227.5K | $111.2K | $111.2K |
| YoY Change | 104.62% | 129.1% | 129.1% |
| Inventory | $1.895M | $863.8K | $863.8K |
| Prepaid Expenses | |||
| Receivables | $200.6K | $148.9K | $148.9K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.966M | $1.469M | $1.469M |
| YoY Change | 101.93% | 47.15% | 47.15% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $724.5K | $590.4K | $590.4K |
| YoY Change | 22.72% | -8.91% | -8.91% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $14.10K | $13.65K | $13.65K |
| YoY Change | 3.3% | -32.26% | -32.26% |
| Total Long-Term Assets | $1.708M | $604.0K | $604.0K |
| YoY Change | 182.68% | -9.61% | -9.61% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.966M | $1.469M | $1.469M |
| Total Long-Term Assets | $1.708M | $604.0K | $604.0K |
| Total Assets | $4.674M | $2.073M | $2.073M |
| YoY Change | 125.46% | 24.39% | 24.39% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $554.2K | $102.4K | $102.4K |
| YoY Change | 441.44% | -61.16% | -61.16% |
| Accrued Expenses | $459.7K | $107.7K | $107.7K |
| YoY Change | 326.88% | 9.82% | 9.82% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $110.0K | $110.0K |
| YoY Change | -100.0% | 0.0% | 0.0% |
| Long-Term Debt Due | $50.40K | $201.0K | $201.0K |
| YoY Change | -74.93% | 43.89% | 43.89% |
| Total Short-Term Liabilities | $1.396M | $1.029M | $1.029M |
| YoY Change | 35.66% | -26.64% | -26.64% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $427.2K | $120.8K | $120.8K |
| YoY Change | 253.71% | 101.07% | 101.07% |
| Other Long-Term Liabilities | $222.9K | $339.3K | $339.3K |
| YoY Change | -34.3% | -24.09% | -24.09% |
| Total Long-Term Liabilities | $650.1K | $460.1K | $460.1K |
| YoY Change | 41.31% | -9.27% | -9.27% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.396M | $1.029M | $1.029M |
| Total Long-Term Liabilities | $650.1K | $460.1K | $460.1K |
| Total Liabilities | $2.046M | $1.489M | $1.489M |
| YoY Change | 37.4% | -22.03% | -22.03% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.628M | $583.8K | $583.8K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.674M | $2.073M | $2.073M |
| YoY Change | 125.46% | 24.39% | 24.39% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.588M | -$697.4K | -$1.352M |
| YoY Change | 17.52% | 17.13% | -4.93% |
| Depreciation, Depletion And Amortization | $56.47K | $6.230K | $21.01K |
| YoY Change | 168.78% | 35.73% | 126.4% |
| Cash From Operating Activities | -$769.5K | -$398.0K | -$556.1K |
| YoY Change | 38.37% | 155.59% | 9.12% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$23.68K | $0.00 | -$5.500K |
| YoY Change | 330.55% | -100.0% | -94.31% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $541.4K | ||
| YoY Change | |||
| Cash From Investing Activities | $517.7K | $0.00 | -$5.500K |
| YoY Change | -9512.73% | -100.0% | -94.31% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 549.7K | -26.44K | 836.2K |
| YoY Change | -34.26% | -136.12% | 39.78% |
| NET CHANGE | |||
| Cash From Operating Activities | -769.5K | -398.0K | -556.1K |
| Cash From Investing Activities | 517.7K | 0.000 | -5.500K |
| Cash From Financing Activities | 549.7K | -26.44K | 836.2K |
| Net Change In Cash | 298.0K | -424.4K | 274.6K |
| YoY Change | 8.52% | 414.36% | -3460.71% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$769.5K | -$398.0K | -$556.1K |
| Capital Expenditures | -$23.68K | $0.00 | -$5.500K |
| Free Cash Flow | -$745.8K | -$398.0K | -$550.6K |
| YoY Change | 35.45% | 155.61% | 33.35% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
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| CY2020Q4 | us-gaap |
Goodwill
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Fair Value Of Assets Acquired
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Stock Issued1
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