2024 Q2 Form 10-K Financial Statement

#000147793224002182 Filed on April 17, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $0.00 $1.603K
YoY Change -100.0% -88.5%
Cost Of Revenue $0.00 $995.00
YoY Change -100.0% -92.2%
Gross Profit $0.00 $608.00
YoY Change -100.0% -48.56%
Gross Profit Margin 37.93%
Selling, General & Admin $288.7K $1.709M
YoY Change -28.34% 1596.46%
% of Gross Profit 281101.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $288.7K $1.774M
YoY Change -38.29% 227.8%
Operating Profit -$288.7K -$1.773M
YoY Change -38.72% 228.4%
Interest Expense $128.4K
YoY Change 4994.61%
% of Operating Profit
Other Income/Expense, Net -$50.45K $192.8K
YoY Change 1901.31%
Pretax Income -$339.2K -$1.581M
YoY Change -28.01% 192.71%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$339.2K -$1.581M
YoY Change -28.01% 192.71%
Net Earnings / Revenue -98610.92%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 65.36M shares 47.26M shares 47.32M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $75.00K $48.94K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $72.77K $72.85K
Prepaid Expenses
Receivables $2.762K $3.600K
Other Receivables
Total Short-Term Assets $195.7K $148.3K
YoY Change 7.94% -36.01%
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 $195.7K $148.3K
Total Long-Term Assets $0.00 $0.00
Total Assets $195.7K $148.3K
YoY Change 7.94% -36.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $897.7K $612.7K
YoY Change 2.93% -25.9%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $950.6K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $897.7K $612.7K
Total Long-Term Liabilities $950.6K
Total Liabilities $2.118M $1.563M
YoY Change 89.06%
SHAREHOLDERS EQUITY
Retained Earnings -$3.048M -$2.422M
YoY Change 97.56% 187.89%
Common Stock $7.554K $5.858K
YoY Change 63.65% 56.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.923M -$1.415M
YoY Change
Total Liabilities & Shareholders Equity $195.7K $148.3K
YoY Change 7.94% -36.01%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$339.2K -$1.581M
YoY Change -28.01% 192.71%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$747.1K
YoY Change 22.45%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$86.50K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $412.5K
YoY Change 153.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $777.5K
YoY Change 10.18%
NET CHANGE
Cash From Operating Activities -$747.1K
Cash From Investing Activities -$86.50K
Cash From Financing Activities $777.5K
Net Change In Cash -$56.12K
YoY Change -158.76%
FREE CASH FLOW
Cash From Operating Activities -$747.1K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023 onesix Common Stock Issued In Payment Shares
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CY2023Q4 us-gaap Convertible Subordinated Debt
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CY2023 onesix Description Of Conversion Price
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CY2023 us-gaap Debt Conversion Original Debt Amount1
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q4 onesix Preferred Stock Shares Issued Related To Class A
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2023 onesix Common Stock Issued In Payment Amount
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CY2023 us-gaap Conversion Of Stock Shares Issued1
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CY2023 onesix Share Conversions Shares
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CY2023 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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825000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
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CY2023 us-gaap Stock Repurchased During Period Shares
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CY2023Q4 us-gaap Preferred Stock Liquidation Preference
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CY2023 us-gaap Preferred Stock Voting Rights
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Net
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0 usd

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