2021 Q3 Form 10-Q Financial Statement
#000149315221027840 Filed on November 10, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $3.706M | $1.635M |
| YoY Change | 126.74% | -70.39% |
| Cost Of Revenue | $2.959M | $1.109M |
| YoY Change | 166.9% | -71.86% |
| Gross Profit | $747.2K | $525.9K |
| YoY Change | 42.07% | -66.71% |
| Gross Profit Margin | 20.16% | 32.17% |
| Selling, General & Admin | $1.091M | $724.1K |
| YoY Change | 50.67% | -39.66% |
| % of Gross Profit | 146.03% | 137.69% |
| Research & Development | $98.62K | $84.43K |
| YoY Change | 16.81% | -15.57% |
| % of Gross Profit | 13.2% | 16.05% |
| Depreciation & Amortization | $17.79K | $90.87K |
| YoY Change | -80.42% | 202.9% |
| % of Gross Profit | 2.38% | 17.28% |
| Operating Expenses | $1.190M | $808.6K |
| YoY Change | 47.14% | -38.28% |
| Operating Profit | -$442.5K | -$282.7K |
| YoY Change | 56.56% | -204.69% |
| Interest Expense | -$1.300K | $12.22K |
| YoY Change | -110.64% | -120.37% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $35.93K | $10.00K |
| YoY Change | 259.3% | |
| Pretax Income | -$407.9K | -$270.4K |
| YoY Change | 50.83% | -222.93% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$407.9K | -$270.4K |
| YoY Change | 50.83% | -222.93% |
| Net Earnings / Revenue | -11.01% | -16.54% |
| Basic Earnings Per Share | -$1.69 | |
| Diluted Earnings Per Share | -$257.6K | -$171.4K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.584M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.284M | $2.072M |
| YoY Change | 10.21% | 3.62% |
| Cash & Equivalents | $2.284M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.157M | $757.5K |
| YoY Change | 52.76% | 9.78% |
| Inventory | $480.4K | $521.6K |
| Prepaid Expenses | ||
| Receivables | $32.25K | $97.26K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.954M | $3.449M |
| YoY Change | 14.64% | -7.79% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $293.3K | $569.1K |
| YoY Change | -48.46% | -34.59% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $24.18K | $0.00 |
| YoY Change | -100.0% | |
| Total Long-Term Assets | $955.4K | $1.208M |
| YoY Change | -20.88% | -22.59% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.954M | $3.449M |
| Total Long-Term Assets | $955.4K | $1.208M |
| Total Assets | $4.909M | $4.656M |
| YoY Change | 5.43% | -12.15% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $864.6K | $697.9K |
| YoY Change | 23.89% | -61.87% |
| Accrued Expenses | $1.157M | $1.055M |
| YoY Change | 9.65% | 163.7% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $5.118M | $5.242M |
| YoY Change | -2.37% | 16.23% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $517.5K | $556.4K |
| YoY Change | -7.0% | |
| Other Long-Term Liabilities | $37.08K | $279.5K |
| YoY Change | -86.74% | -39.23% |
| Total Long-Term Liabilities | $554.6K | $836.0K |
| YoY Change | -33.66% | 81.73% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.118M | $5.242M |
| Total Long-Term Liabilities | $554.6K | $836.0K |
| Total Liabilities | $5.672M | $6.078M |
| YoY Change | -6.67% | 22.29% |
| 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 | -$763.4K | -$1.422M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.909M | $4.656M |
| YoY Change | 5.43% | -12.15% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$407.9K | -$270.4K |
| YoY Change | 50.83% | -222.93% |
| Depreciation, Depletion And Amortization | $17.79K | $90.87K |
| YoY Change | -80.42% | 202.9% |
| Cash From Operating Activities | -$619.5K | $599.6K |
| YoY Change | -203.31% | 649.55% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | -$3.500K |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | $0.00 | -$3.500K |
| YoY Change | -100.0% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.260M | 554.0K |
| YoY Change | 127.41% | |
| NET CHANGE | ||
| Cash From Operating Activities | -619.5K | 599.6K |
| Cash From Investing Activities | 0.000 | -3.500K |
| Cash From Financing Activities | 1.260M | 554.0K |
| Net Change In Cash | 640.4K | 1.150M |
| YoY Change | -44.32% | 1337.67% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$619.5K | $599.6K |
| Capital Expenditures | $0.00 | -$3.500K |
| Free Cash Flow | -$619.5K | $603.1K |
| YoY Change | -202.71% | 653.92% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Current Reporting Status
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|
Yes | ||
| dei |
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Operating Lease Liability Noncurrent
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Commitments And Contingencies
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Convertible Preferred Stock Converted To Securities
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Dividends
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Increase Decrease In Lease Deposit
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