2021 Q4 Form 10-K Financial Statement
#000149315222008011 Filed on March 29, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $3.056M | $13.64M | $8.514M |
| YoY Change | -9.78% | 60.18% | -44.08% |
| Cost Of Revenue | $2.504M | $10.71M | $6.961M |
| YoY Change | -19.0% | 53.89% | -34.79% |
| Gross Profit | $551.9K | $2.926M | $1.553M |
| YoY Change | 86.64% | 88.41% | -65.86% |
| Gross Profit Margin | 18.06% | 21.45% | 18.24% |
| Selling, General & Admin | $1.371M | $4.435M | $3.525M |
| YoY Change | 85.88% | 25.8% | -33.96% |
| % of Gross Profit | 248.47% | 151.57% | 227.01% |
| Research & Development | $146.9K | $469.7K | $390.2K |
| YoY Change | 63.22% | 20.36% | -25.11% |
| % of Gross Profit | 26.62% | 16.05% | 25.13% |
| Depreciation & Amortization | $10.40K | $65.37K | $120.1K |
| YoY Change | -64.42% | -45.57% | -25.49% |
| % of Gross Profit | 1.88% | 2.23% | 7.73% |
| Operating Expenses | $1.518M | $4.905M | $3.916M |
| YoY Change | 84.31% | 25.26% | -33.17% |
| Operating Profit | -$966.3K | -$1.979M | -$2.363M |
| YoY Change | 83.01% | -16.26% | 80.27% |
| Interest Expense | $440.00 | -$2.830K | -$17.43K |
| YoY Change | -157.89% | -83.76% | -37.71% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $18.14K | $66.59K | $621.3K |
| YoY Change | -96.94% | -89.28% | |
| Pretax Income | -$401.9K | -$1.338M | -$1.759M |
| YoY Change | -732.4% | -23.93% | 31.39% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$401.9K | -$1.338M | -$1.759M |
| YoY Change | -732.4% | -23.93% | 31.39% |
| Net Earnings / Revenue | -13.15% | -9.81% | -20.66% |
| Basic Earnings Per Share | -$2.33 | ||
| Diluted Earnings Per Share | -$253.1K | -$845.2K | -$1.117M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 1.583M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.160M | $2.160M | $2.285M |
| YoY Change | -5.48% | -5.48% | 147.77% |
| Cash & Equivalents | $2.160M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $1.274M | $1.274M | $1.038M |
| YoY Change | 22.73% | 22.73% | 285.11% |
| Inventory | $378.3K | $378.3K | $327.1K |
| Prepaid Expenses | |||
| Receivables | $179.4K | $179.4K | $33.48K |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $3.991M | $3.991M | $3.683M |
| YoY Change | 8.36% | 8.36% | 43.81% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $77.35K | $643.2K | $491.7K |
| YoY Change | -84.27% | 30.82% | -37.92% |
| Goodwill | $631.1K | ||
| YoY Change | |||
| Intangibles | $1.830K | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $14.75K | $14.75K | |
| YoY Change | |||
| Total Long-Term Assets | $1.291M | $1.291M | $1.130M |
| YoY Change | 14.24% | 14.24% | -23.96% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.991M | $3.991M | $3.683M |
| Total Long-Term Assets | $1.291M | $1.291M | $1.130M |
| Total Assets | $5.282M | $5.282M | $4.813M |
| YoY Change | 9.74% | 9.74% | 18.92% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $616.1K | $616.1K | $918.6K |
| YoY Change | -32.94% | -32.94% | -29.28% |
| Accrued Expenses | $913.3K | $913.3K | $1.261M |
| YoY Change | -27.57% | -27.57% | 41.61% |
| Deferred Revenue | $2.840M | ||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $4.406M | $4.406M | $5.904M |
| YoY Change | -25.36% | -25.36% | 47.64% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $486.2K | $243.3K | |
| YoY Change | 99.86% | -39.81% | |
| Total Long-Term Liabilities | $486.2K | $486.2K | $243.3K |
| YoY Change | 99.86% | 99.86% | -39.81% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.406M | $4.406M | $5.904M |
| Total Long-Term Liabilities | $486.2K | $486.2K | $243.3K |
| Total Liabilities | $4.892M | $4.893M | $6.147M |
| YoY Change | -20.41% | -20.41% | 39.61% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$28.78M | ||
| YoY Change | |||
| Common Stock | $16.00 | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$3.571M | $389.5K | -$1.334M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $5.282M | $5.282M | $4.813M |
| YoY Change | 9.74% | 9.74% | 18.92% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$401.9K | -$1.338M | -$1.759M |
| YoY Change | -732.4% | -23.93% | 31.39% |
| Depreciation, Depletion And Amortization | $10.40K | $65.37K | $120.1K |
| YoY Change | -64.42% | -45.57% | -25.49% |
| Cash From Operating Activities | -$1.446M | -$3.207M | $818.0K |
| YoY Change | -762.06% | -492.06% | 21.76% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$53.34K | -$68.66K | -$9.330K |
| YoY Change | 814.92% | 635.91% | 206.91% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $10.00K | $11.50K | |
| YoY Change | |||
| Cash From Investing Activities | -$43.34K | -$57.16K | -$9.330K |
| YoY Change | 643.4% | 512.65% | 206.91% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.365M | 3.139M | 554.0K |
| YoY Change | 466.62% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -1.446M | -3.207M | 818.0K |
| Cash From Investing Activities | -43.34K | -57.16K | -9.330K |
| Cash From Financing Activities | 1.365M | 3.139M | 554.0K |
| Net Change In Cash | -124.3K | -125.3K | 1.363M |
| YoY Change | -158.46% | -109.19% | 103.76% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.446M | -$3.207M | $818.0K |
| Capital Expenditures | -$53.34K | -$68.66K | -$9.330K |
| Free Cash Flow | -$1.393M | -$3.139M | $827.4K |
| YoY Change | -721.05% | -479.34% | 22.6% |
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