2022 Q1 Form 10-Q Financial Statement
#000149315222013876 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 |
|---|---|
| Revenue | $12.73M |
| YoY Change | 37.45% |
| Cost Of Revenue | $8.676M |
| YoY Change | 62.72% |
| Gross Profit | $4.053M |
| YoY Change | 3.15% |
| Gross Profit Margin | 31.84% |
| Selling, General & Admin | $6.757M |
| YoY Change | 28.71% |
| % of Gross Profit | 166.74% |
| Research & Development | $1.115M |
| YoY Change | 73.77% |
| % of Gross Profit | 27.51% |
| Depreciation & Amortization | $599.9K |
| YoY Change | 87.79% |
| % of Gross Profit | 14.8% |
| Operating Expenses | $7.872M |
| YoY Change | 33.62% |
| Operating Profit | -$3.819M |
| YoY Change | 94.61% |
| Interest Expense | -$1.318M |
| YoY Change | 55.17% |
| % of Operating Profit | |
| Other Income/Expense, Net | $334.9K |
| YoY Change | -93.74% |
| Pretax Income | -$4.802M |
| YoY Change | -288.87% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$4.721M |
| YoY Change | -292.38% |
| Net Earnings / Revenue | -37.09% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | -$196.0K |
| COMMON SHARES | |
| Basic Shares Outstanding | 688.3K shares |
| Diluted Shares Outstanding | 688.3K shares |
Balance Sheet
| Concept | 2022 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $13.60M |
| YoY Change | -15.54% |
| Cash & Equivalents | $8.970M |
| Short-Term Investments | $4.625M |
| Other Short-Term Assets | $5.028M |
| YoY Change | 42.55% |
| Inventory | $7.067M |
| Prepaid Expenses | |
| Receivables | $7.478M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $33.17M |
| YoY Change | -2.12% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $9.479M |
| YoY Change | -7.05% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $1.280M |
| YoY Change | -86.38% |
| Total Long-Term Assets | $18.58M |
| YoY Change | -27.08% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $33.17M |
| Total Long-Term Assets | $18.58M |
| Total Assets | $51.75M |
| YoY Change | -12.83% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $4.765M |
| YoY Change | 105.85% |
| Accrued Expenses | $2.215M |
| YoY Change | -35.48% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $15.72M |
| YoY Change | 138.03% |
| Total Short-Term Liabilities | $25.56M |
| YoY Change | 83.62% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $4.629M |
| YoY Change | -62.04% |
| Other Long-Term Liabilities | $3.418M |
| YoY Change | -13.83% |
| Total Long-Term Liabilities | $8.046M |
| YoY Change | -50.2% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $25.56M |
| Total Long-Term Liabilities | $8.046M |
| Total Liabilities | $34.44M |
| YoY Change | 10.72% |
| 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 | $17.31M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $51.75M |
| YoY Change | -12.83% |
Cashflow Statement
| Concept | 2022 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$4.721M |
| YoY Change | -292.38% |
| Depreciation, Depletion And Amortization | $599.9K |
| YoY Change | 87.79% |
| Cash From Operating Activities | -$2.883M |
| YoY Change | 62.84% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$634.2K |
| YoY Change | -31.79% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$4.729M |
| YoY Change | -417.99% |
| Cash From Investing Activities | -$5.363M |
| YoY Change | -1062.36% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 7.117M |
| YoY Change | 713.42% |
| NET CHANGE | |
| Cash From Operating Activities | -2.883M |
| Cash From Investing Activities | -5.363M |
| Cash From Financing Activities | 7.117M |
| Net Change In Cash | -1.129M |
| YoY Change | 233.72% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$2.883M |
| Capital Expenditures | -$634.2K |
| Free Cash Flow | -$2.249M |
| YoY Change | 167.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | CETX |
Settlement Agreement Related Party
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| CY2022Q1 | us-gaap |
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| CY2021Q4 | us-gaap |
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| CY2021Q3 | CETX |
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| CY2021Q3 | CETX |
Finance Lease Liabilities Current
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| CY2022Q1 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
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Finance Lease Liability Payments Due Next Twelve Months
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