2022 Form 10-K Financial Statement
#000155837022009398 Filed on May 26, 2022
Income Statement
Concept | 2022 | 2021 Q1 | 2021 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $217.2K | $50.00K | $278.8K |
YoY Change | -22.12% | -6.99% | -35.43% |
% of Gross Profit | |||
Research & Development | $759.5K | $200.0K | $1.023M |
YoY Change | -25.75% | -13.42% | -14.98% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $976.7K | $250.0K | $1.302M |
YoY Change | -24.97% | -12.21% | -20.38% |
Operating Profit | -$976.7K | -$1.302M | |
YoY Change | -24.97% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $100.0K | $97.77K |
YoY Change | -100.0% | 19900.0% | 19454.0% |
Pretax Income | -$976.7K | -$150.0K | -$1.204M |
YoY Change | -18.88% | -47.23% | -26.34% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$976.7K | -$150.0K | -$1.204M |
YoY Change | -18.88% | -47.23% | -26.34% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.01 | -$0.01 | |
Diluted Earnings Per Share | -$0.01 | -$1.141K | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 131.4M | 131.4M | |
Diluted Shares Outstanding | 131.4M | 131.4M |
Balance Sheet
Concept | 2022 | 2021 Q1 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.380K | $60.00 | |
YoY Change | 5533.33% | -62.5% | |
Cash & Equivalents | $3.380K | $62.00 | $60.00 |
Short-Term Investments | |||
Other Short-Term Assets | $1.280K | $890.00 | |
YoY Change | 43.82% | -95.48% | |
Inventory | |||
Prepaid Expenses | $894.00 | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $4.660K | $956.00 | $960.00 |
YoY Change | 385.42% | 497.5% | -95.16% |
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 | $4.660K | $956.00 | $960.00 |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $4.660K | $956.00 | $960.00 |
YoY Change | 385.42% | -95.16% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | $32.51K | $32.51K |
YoY Change | -100.0% | -46.54% | |
Accrued Expenses | $3.460K | $14.29K | $14.29K |
YoY Change | -75.79% | -87.2% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.460K | $50.00K | $46.80K |
YoY Change | -92.61% | -72.86% | |
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 | $3.460K | $50.00K | $46.80K |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $3.460K | $46.80K | $46.80K |
YoY Change | -92.61% | -72.86% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$124.9M | ||
YoY Change | |||
Common Stock | $124.8M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.210K | -$45.84K | -$45.84K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.660K | $956.00 | $960.00 |
YoY Change | 385.42% | -95.16% |
Cashflow Statement
Concept | 2022 | 2021 Q1 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$976.7K | -$150.0K | -$1.204M |
YoY Change | -18.88% | -47.23% | -26.34% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$325.1K | -$45.35K | -$394.4K |
YoY Change | -17.57% | -54.7% | -25.61% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
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 | 328.4K | 44.45K | 394.3K |
YoY Change | -16.7% | -55.58% | -25.55% |
NET CHANGE | |||
Cash From Operating Activities | -325.1K | -45.35K | -394.4K |
Cash From Investing Activities | |||
Cash From Financing Activities | 328.4K | 44.45K | 394.3K |
Net Change In Cash | 3.320K | -900.0 | -101.0 |
YoY Change | -3387.13% | 1700.0% | -81.3% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$325.1K | -$45.35K | -$394.4K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 36pt;"><span style="font-style:italic;font-weight:bold;">Management Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 0pt 36pt;"><span style="font-size:10pt;margin-left:0pt;visibility:hidden;"></span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 36pt;"><span style="white-space:pre-wrap;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reported periods. The significant estimates are the allocation of payroll and other expenses between the clinical trial expenses reported with BRI and Dr. Burzynski’s medical practice expenses. Department managers review at least quarterly the duties of each employee in their department and estimate the percentage of time each employee spends between clinical trials and the medical practice. Payroll costs are allocated between clinical trials and the medical practice based on these percentages. Other expenses are allocated based on the percentage of payroll allocated to either clinical trials or the medical practice. Management believes that the estimates and allocations are reasonable. Actual results could differ from these estimates.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;margin:0pt 0pt 0pt 36pt;"><span style="font-size:10pt;margin-left:0pt;visibility:hidden;"></span></p> | |
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|
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|
205098 | |
CY2021 | us-gaap |
Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
|
252840 | |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
-9880 | |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
1884 | |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
9880 | |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-1884 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
116099 | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
125979 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
|
42603 | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
|
42603 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
158702 | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
168582 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
158702 | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
168582 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2021 | us-gaap |
Revenues
Revenues
|
0 | |
CY2022 | us-gaap |
Revenues
Revenues
|
0 | |
CY2022 | bzyr |
Percentage Of Future Taxable Income Net Operating Loss Carryforwards
PercentageOfFutureTaxableIncomeNetOperatingLossCarryforwards
|
0.80 | |
CY2022 | bzyr |
Percentage On Net Operating Loss Carryforwards Limit Of Taxable Income Under Coronavirus Aid Relief And Economic Security Act
PercentageOnNetOperatingLossCarryforwardsLimitOfTaxableIncomeUnderCoronavirusAidReliefAndEconomicSecurityAct
|
0.80 | |
CY2022Q1 | bzyr |
Tax Cuts And Jobs Act Of2017 Net Operating Loss Carryforwards
TaxCutsAndJobsActOf2017NetOperatingLossCarryforwards
|
473902 | |
CY2022 | bzyr |
Net Operating Loss Carry Forward Indefinitely
NetOperatingLossCarryForwardIndefinitely
|
78948 | |
CY2022Q1 | bzyr |
Alternative Minimum Tax Credit Carryforwards
AlternativeMinimumTaxCreditCarryforwards
|
42603 | |
CY2021 | bzyr |
Forgiveness Of Accounts Payable And Accrued Expenses
ForgivenessOfAccountsPayableAndAccruedExpenses
|
-97773 | |
CY2022 | bzyr |
Forgiveness Of Accounts Payable And Accrued Expenses
ForgivenessOfAccountsPayableAndAccruedExpenses
|
0 |