2021 Q3 Form 10-Q Financial Statement
#000149315221028937 Filed on November 16, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| Revenue | $69.73K | $577.5K |
| YoY Change | -76.71% | |
| Cost Of Revenue | -$10.46K | $241.8K |
| YoY Change | -103.66% | |
| Gross Profit | $80.19K | $335.6K |
| YoY Change | 486.18% | |
| Gross Profit Margin | 115.0% | 58.12% |
| Selling, General & Admin | $162.2K | $448.6K |
| YoY Change | -1.99% | |
| % of Gross Profit | 202.31% | 133.65% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $24.19K | $20.87K |
| YoY Change | -52.65% | |
| % of Gross Profit | 30.17% | 6.22% |
| Operating Expenses | $162.2K | $448.6K |
| YoY Change | -1.99% | |
| Operating Profit | -$82.03K | -$112.9K |
| YoY Change | -45.97% | |
| Interest Expense | $5.450K | $650.00 |
| YoY Change | 713.43% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$5.200K | $1.820K |
| YoY Change | -253.85% | |
| Pretax Income | -$81.79K | -$110.5K |
| YoY Change | -44.65% | |
| Income Tax | $0.00 | $8.220K |
| % Of Pretax Income | ||
| Net Earnings | -$81.79K | -$118.7K |
| YoY Change | -44.65% | |
| Net Earnings / Revenue | -117.3% | -20.55% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$4.039K | -$5.855K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 20.25M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $656.7K | $1.006M |
| YoY Change | -33.67% | |
| Cash & Equivalents | $656.7K | $1.006M |
| Short-Term Investments | ||
| Other Short-Term Assets | $410.4K | $121.5K |
| YoY Change | 215.7% | |
| Inventory | $199.2K | $206.3K |
| Prepaid Expenses | ||
| Receivables | $167.2K | |
| Other Receivables | $95.36K | |
| Total Short-Term Assets | $1.529M | $1.334M |
| YoY Change | 9.2% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $155.5K | $193.6K |
| YoY Change | -22.25% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $159.5K | $198.0K |
| YoY Change | -24.03% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.529M | $1.334M |
| Total Long-Term Assets | $159.5K | $198.0K |
| Total Assets | $1.688M | $1.532M |
| YoY Change | 4.87% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $7.830K | |
| YoY Change | ||
| Accrued Expenses | $162.2K | $2.320K |
| YoY Change | 170.4% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $822.2K | $697.3K |
| YoY Change | -57.18% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $270.8K | |
| YoY Change | ||
| Total Long-Term Liabilities | $270.8K | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $822.2K | $697.3K |
| Total Long-Term Liabilities | $270.8K | |
| Total Liabilities | $1.093M | $697.3K |
| YoY Change | -43.07% | |
| 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 | $595.4K | $834.8K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.688M | $1.532M |
| YoY Change | 4.87% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$81.79K | -$118.7K |
| YoY Change | -44.65% | |
| Depreciation, Depletion And Amortization | $24.19K | $20.87K |
| YoY Change | -52.65% | |
| Cash From Operating Activities | -$99.69K | -$48.42K |
| YoY Change | -125.1% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$27.36K | -$5.000K |
| YoY Change | -60.95% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$27.36K | -$4.990K |
| YoY Change | -56.48% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -6.510K | 39.71K |
| YoY Change | -205.85% | |
| NET CHANGE | ||
| Cash From Operating Activities | -99.69K | -48.42K |
| Cash From Investing Activities | -27.36K | -4.990K |
| Cash From Financing Activities | -6.510K | 39.71K |
| Net Change In Cash | -133.6K | -13.70K |
| YoY Change | -139.23% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$99.69K | -$48.42K |
| Capital Expenditures | -$27.36K | -$5.000K |
| Free Cash Flow | -$72.33K | -$43.42K |
| YoY Change | -115.48% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2020Q4 | CFOO |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
USD | ||
| us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
USD | ||
| us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
USD | ||
| us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | ||
| CY2021Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
USD | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
USD | |
| us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2021Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| CY2020Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| CY2020Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
USD | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | ||
| CY2021Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 |
