2023 Q4 Form 10-Q Financial Statement

#000114036123053309 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $5.763M $2.097M
YoY Change 174.87% -68.09%
Cost Of Revenue $5.045M $2.731M
YoY Change 84.75% -38.21%
Gross Profit $717.5K -$634.3K
YoY Change -213.11% -129.49%
Gross Profit Margin 12.45% -30.26%
Selling, General & Admin $11.70M $7.854M
YoY Change 48.96% 176.05%
% of Gross Profit 1630.56%
Research & Development $1.635M $1.796M
YoY Change -8.99%
% of Gross Profit 227.86%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $13.33M $9.650M
YoY Change 38.17% 66.58%
Operating Profit -$12.62M -$10.28M
YoY Change 22.67% 182.38%
Interest Expense -$84.57K -$110.7K
YoY Change -23.57% -99.02%
% of Operating Profit
Other Income/Expense, Net -$111.8K -$3.484M
YoY Change -96.79%
Pretax Income -$16.10M -$15.13M
YoY Change 6.42% -54.38%
Income Tax -$384.00 -$43.37K
% Of Pretax Income
Net Earnings -$16.10M -$14.42M
YoY Change 11.67% -70.43%
Net Earnings / Revenue -279.42% -687.79%
Basic Earnings Per Share -$0.53
Diluted Earnings Per Share -$0.05
COMMON SHARES
Basic Shares Outstanding 304.4M 304.4M
Diluted Shares Outstanding 30.44M

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.60M $44.60M
YoY Change -78.17%
Cash & Equivalents $29.38M $44.65M $201.0M
Short-Term Investments $4.228M
Other Short-Term Assets $573.6K $523.7K
YoY Change -94.51%
Inventory $43.91M $43.08M
Prepaid Expenses
Receivables $6.531M $4.646M
Other Receivables $287.4K $210.3K
Total Short-Term Assets $104.9M $110.2M
YoY Change -48.31%
LONG-TERM ASSETS
Property, Plant & Equipment $20.40M $20.13M
YoY Change -11.87%
Goodwill $223.5K
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.686M $3.558M
YoY Change -86.64%
Other Assets $2.228M $2.153M
YoY Change -66.4%
Total Long-Term Assets $80.61M $81.71M
YoY Change 24.33%
TOTAL ASSETS
Total Short-Term Assets $104.9M $110.2M
Total Long-Term Assets $80.61M $81.71M
Total Assets $185.5M $191.9M
YoY Change -30.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.798M $4.843M
YoY Change 100.94%
Accrued Expenses $8.200M
YoY Change
Deferred Revenue $3.394M $3.085M
YoY Change 42.1%
Short-Term Debt $0.00 $10.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.30M $26.18M
YoY Change -58.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $33.70M
YoY Change
Total Long-Term Liabilities $34.37M $33.67M
YoY Change 33.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.30M $26.18M
Total Long-Term Liabilities $34.37M $33.67M
Total Liabilities $63.67M $59.85M
YoY Change -33.31%
SHAREHOLDERS EQUITY
Retained Earnings -$274.0M -$261.0M
YoY Change 24.66%
Common Stock $402.3M $401.7M
YoY Change 1.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $121.9M $132.0M
YoY Change
Total Liabilities & Shareholders Equity $185.5M $191.9M
YoY Change -30.73%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$16.10M -$14.42M
YoY Change 11.67% -70.43%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$10.09M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $2.240M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$680.0K
YoY Change
Cash From Investing Activities -$2.920M
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 -2.560M
YoY Change
NET CHANGE
Cash From Operating Activities -10.09M
Cash From Investing Activities -2.920M
Cash From Financing Activities -2.560M
Net Change In Cash -15.57M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$10.09M
Capital Expenditures $2.240M
Free Cash Flow -$12.33M
YoY Change

Facts In Submission

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18368453
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4324704
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3405862
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20132381
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14962591
us-gaap Depreciation
Depreciation
1128261
us-gaap Depreciation
Depreciation
588085
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
345540
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6617578
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4725288
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
233046
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
161496
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6384532
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4563792
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
83367
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
328142
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25084
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-92228
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41269258
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-38235254
us-gaap Operating Lease Cost
OperatingLeaseCost
3415206
us-gaap Operating Lease Cost
OperatingLeaseCost
1189026
us-gaap Short Term Lease Cost
ShortTermLeaseCost
637353
us-gaap Short Term Lease Cost
ShortTermLeaseCost
136028
us-gaap Lease Cost
LeaseCost
4052559
us-gaap Lease Cost
LeaseCost
1325054
us-gaap Operating Lease Payments
OperatingLeasePayments
2836188
us-gaap Operating Lease Payments
OperatingLeasePayments
663112
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M2D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0623
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0325
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1172649
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4751817
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4030334
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4083280
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4218766
CY2023Q3 cenn Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
7953619
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26210465
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4588094
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
21622371
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4548226
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17074145
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
24733336
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.61
cenn Warrants Exercisable Issuance Term
WarrantsExercisableIssuanceTerm
P5Y
cenn Number Of Warrants
NumberOfWarrants
2
CY2022Q3 cenn Number Of Complaint Causes In Contract And Tort Against Defendants
NumberOfComplaintCausesInContractAndTortAgainstDefendants
11
CY2022Q3 cenn Number Of Contract Claims
NumberOfContractClaims
4
CY2022Q3 cenn Number Of Tort Claims
NumberOfTortClaims
7
CY2022Q3 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
19000000
cenn Period To Amend Complaint
PeriodToAmendComplaint
P30D
CY2023Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
210335
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
366936
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
37951
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
716372

Files In Submission

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cenn-20230930_cal.xml Edgar Link unprocessable
cenn-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001140361-23-053309-index-headers.html Edgar Link pending
0001140361-23-053309-index.html Edgar Link pending
0001140361-23-053309.txt Edgar Link pending
0001140361-23-053309-xbrl.zip Edgar Link pending
cenn-20230930.xsd Edgar Link pending
cenn-20230930_def.xml Edgar Link unprocessable
cenn-20230930_lab.xml Edgar Link unprocessable
ef20012324_10q.htm Edgar Link pending
ef20012324_ex31-1.htm Edgar Link pending
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