2022 Q1 Form 10-Q Financial Statement
#000149315222015467 Filed on May 31, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.975M | $950.8K |
| YoY Change | 107.72% | 49.78% |
| Cost Of Revenue | $1.299M | $639.8K |
| YoY Change | 103.07% | 20.29% |
| Gross Profit | $675.8K | $311.0K |
| YoY Change | 117.31% | 202.24% |
| Gross Profit Margin | 34.22% | 32.71% |
| Selling, General & Admin | $1.106M | $737.0K |
| YoY Change | 50.02% | 95.2% |
| % of Gross Profit | 163.63% | 237.01% |
| Research & Development | $3.920K | $21.11K |
| YoY Change | -81.43% | 31.2% |
| % of Gross Profit | 0.58% | 6.79% |
| Depreciation & Amortization | $33.86K | $6.230K |
| YoY Change | 443.5% | 76.49% |
| % of Gross Profit | 5.01% | 2.0% |
| Operating Expenses | $1.110M | $758.1K |
| YoY Change | 46.37% | 92.58% |
| Operating Profit | -$433.9K | -$447.2K |
| YoY Change | -2.97% | 53.78% |
| Interest Expense | -$10.19K | -$3.810K |
| YoY Change | 167.45% | -35.64% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$10.19K | |
| YoY Change | ||
| Pretax Income | -$444.1K | -$441.0K |
| YoY Change | 0.71% | 48.63% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$444.1K | -$441.0K |
| YoY Change | 0.71% | 48.63% |
| Net Earnings / Revenue | -22.49% | -46.38% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$1.106K | -$1.426K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 401.5M shares | |
| Diluted Shares Outstanding | 401.5M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $604.3K | $343.9K |
| YoY Change | 75.71% | 857.94% |
| Cash & Equivalents | $604.3K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $395.4K | $244.9K |
| YoY Change | 61.47% | 940.67% |
| Inventory | $2.029M | $958.0K |
| Prepaid Expenses | ||
| Receivables | $268.6K | $161.8K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.297M | $1.709M |
| YoY Change | 93.0% | 85.45% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $654.4K | $560.3K |
| YoY Change | 16.8% | -9.73% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $17.83K | $12.15K |
| YoY Change | 46.75% | -34.85% |
| Total Long-Term Assets | $1.623M | $572.5K |
| YoY Change | 183.52% | -10.47% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.297M | $1.709M |
| Total Long-Term Assets | $1.623M | $572.5K |
| Total Assets | $4.920M | $2.281M |
| YoY Change | 115.72% | 46.16% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $18.03K | $91.01K |
| YoY Change | -80.19% | -62.12% |
| Accrued Expenses | $208.6K | $110.0K |
| YoY Change | 89.59% | 9.59% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $100.0K |
| YoY Change | -100.0% | -9.09% |
| Long-Term Debt Due | $46.87K | $70.02K |
| YoY Change | -33.06% | -50.16% |
| Total Short-Term Liabilities | $1.595M | $974.9K |
| YoY Change | 63.57% | -28.33% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $421.0K | $216.9K |
| YoY Change | 94.07% | 315.99% |
| Other Long-Term Liabilities | $189.1K | $313.1K |
| YoY Change | -39.59% | -25.59% |
| Total Long-Term Liabilities | $610.2K | $530.0K |
| YoY Change | 15.12% | 12.07% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.595M | $974.9K |
| Total Long-Term Liabilities | $610.2K | $530.0K |
| Total Liabilities | $2.205M | $1.505M |
| YoY Change | 46.51% | -17.91% |
| 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 | $2.716M | $776.1K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.920M | $2.281M |
| YoY Change | 115.72% | 46.16% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$444.1K | -$441.0K |
| YoY Change | 0.71% | 48.63% |
| Depreciation, Depletion And Amortization | $33.86K | $6.230K |
| YoY Change | 443.5% | 76.49% |
| Cash From Operating Activities | -$290.3K | -$251.5K |
| YoY Change | 15.46% | 27.27% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$2.880K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | -$2.880K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 254.4K | 250.2K |
| YoY Change | 1.67% | 53.61% |
| NET CHANGE | ||
| Cash From Operating Activities | -290.3K | -251.5K |
| Cash From Investing Activities | -2.880K | |
| Cash From Financing Activities | 254.4K | 250.2K |
| Net Change In Cash | -38.87K | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$290.3K | -$251.5K |
| Capital Expenditures | -$2.880K | |
| Free Cash Flow | -$287.5K | -$251.5K |
| YoY Change | 14.32% |
Facts In Submission
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|---|---|---|---|---|
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