2024 Q1 Form 10-K Financial Statement
#000149315224012269 Filed on April 01, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $482.1K | $554.9K | $1.977M |
YoY Change | 10.42% | 17.32% | 18.13% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.330K | $1.340K | $5.340K |
YoY Change | 0.0% | 0.75% | 3.49% |
% of Gross Profit | |||
Operating Expenses | $482.1K | $554.9K | $1.977M |
YoY Change | 10.42% | 17.32% | 18.13% |
Operating Profit | -$482.1K | -$1.977M | |
YoY Change | 10.42% | 18.13% | |
Interest Expense | -$36.83K | -$27.74K | $87.68K |
YoY Change | -272.75% | 3.05% | 24.35% |
% of Operating Profit | |||
Other Income/Expense, Net | -$36.83K | $0.00 | -$384.6K |
YoY Change | 72.73% | 445.46% | |
Pretax Income | -$519.0K | -$582.7K | -$2.361M |
YoY Change | 13.32% | 16.55% | 35.41% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$519.0K | -$582.7K | -$2.361M |
YoY Change | 13.32% | 16.55% | 35.41% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.02 | -$0.08 | |
Diluted Earnings Per Share | -$0.02 | -$0.02 | -$0.08 |
COMMON SHARES | |||
Basic Shares Outstanding | 28.55M shares | 28.55M shares | 28.47M shares |
Diluted Shares Outstanding | 28.55M shares | 28.47M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $139.7K | $67.40K | $67.40K |
YoY Change | -1.74% | 137.66% | 137.66% |
Cash & Equivalents | $94.77K | $2.458K | $2.460K |
Short-Term Investments | $44.96K | $64.94K | $64.94K |
Other Short-Term Assets | $44.96K | $64.94K | $72.93K |
YoY Change | 237.26% | 192.94% | 228.96% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $216.8K | $140.3K | $140.3K |
YoY Change | 39.41% | 177.74% | 177.77% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.29K | $12.62K | $12.62K |
YoY Change | -32.1% | -29.72% | -29.73% |
Goodwill | |||
YoY Change | |||
Intangibles | $3.150M | $3.150M | |
YoY Change | 0.0% | 0.0% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.161M | $3.163M | $3.163M |
YoY Change | -0.17% | -0.17% | -0.17% |
TOTAL ASSETS | |||
Total Short-Term Assets | $216.8K | $140.3K | $140.3K |
Total Long-Term Assets | $3.161M | $3.163M | $3.163M |
Total Assets | $3.378M | $3.303M | $3.303M |
YoY Change | 1.68% | 2.62% | 2.62% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $803.0K | $2.443M | $2.443M |
YoY Change | 51.63% | 57.75% | 57.75% |
Accrued Expenses | $1.829M | ||
YoY Change | 59.11% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.017M | $977.2K | $977.2K |
YoY Change | 18.7% | 5.53% | 5.53% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.162M | $3.932M | $3.932M |
YoY Change | 63.3% | 58.14% | 58.14% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $365.0K | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $365.0K | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.162M | $3.932M | $3.932M |
Total Long-Term Liabilities | $365.0K | $0.00 | $0.00 |
Total Liabilities | $4.527M | $3.932M | $3.932M |
YoY Change | 77.63% | 58.14% | 58.14% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$6.573M | -$6.054M | |
YoY Change | 58.36% | 63.94% | |
Common Stock | $28.55K | $28.55K | |
YoY Change | 0.35% | 0.71% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.148M | -$629.4K | -$629.4K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.378M | $3.303M | $3.303M |
YoY Change | 1.68% | 2.62% | 2.62% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$519.0K | -$582.7K | -$2.361M |
YoY Change | 13.32% | 16.55% | 35.41% |
Depreciation, Depletion And Amortization | $1.330K | $1.340K | $5.340K |
YoY Change | 0.0% | 0.75% | 3.49% |
Cash From Operating Activities | -$292.7K | -$178.4K | -$544.9K |
YoY Change | -5.63% | -60.01% | -41.73% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $500.0K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $385.0K | 120.0K | $519.0K |
YoY Change | -9.2% | -74.71% | -45.63% |
NET CHANGE | |||
Cash From Operating Activities | -$292.7K | -178.4K | -$544.9K |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | $385.0K | 120.0K | $519.0K |
Net Change In Cash | $92.31K | -58.43K | -$25.90K |
YoY Change | -18.92% | -306.76% | -244.47% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$292.7K | -$178.4K | -$544.9K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$292.7K | -$178.4K | -$544.9K |
YoY Change | -5.63% | -60.01% | -41.83% |
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ProceedsFromOtherShortTermDebt
|
465000 | usd |
CY2022 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
500000 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
556007 | usd |
CY2022 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
11980 | usd |
CY2022 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
37500 | usd |
CY2023 | us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
20000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
426007 | usd |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
130000 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
5900 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
518993 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
954587 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-25897 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
17926 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28355 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
10429 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
2458 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
28355 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37212 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14022 | usd |
CY2022 | CHMX |
Common Stock Issued On Conversion Of3rd Party Loan
CommonStockIssuedOnConversionOf3rdPartyLoan
|
686505 | usd |
CY2022 | CHMX |
Common Stock Issued On Conversion Of Related Party Loan
CommonStockIssuedOnConversionOfRelatedPartyLoan
|
76677 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28546834 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28546834 | shares |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-6053963 | usd |
CY2023Q4 | CHMX |
Working Capital Deficit
WorkingCapitalDeficit
|
3792098 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3692732 | usd |
CY2022Q4 | CHMX |
Working Capital Deficit
WorkingCapitalDeficit
|
2436203 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zlNaBhuGVP31" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_863_ztUOLe9VOFEk">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q4 | us-gaap |
Cash
Cash
|
2458 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
28355 | usd |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
72925 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
22169 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
350014 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3150114 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2443207 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1548740 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
250000 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2361231 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1743799 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1271332 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
775474 | usd |
CY2023Q4 | CHMX |
Deferred Tax Assets Non Current
DeferredTaxAssetsNonCurrent
|
1271332 | usd |
CY2022Q4 | CHMX |
Deferred Tax Assets Non Current
DeferredTaxAssetsNonCurrent
|
775474 | usd |
CY2023Q4 | CHMX |
Deferred Tax Asset Valuation Allowance Noncurrent
DeferredTaxAssetValuationAllowanceNoncurrent
|
-1271332 | usd |
CY2022Q4 | CHMX |
Deferred Tax Asset Valuation Allowance Noncurrent
DeferredTaxAssetValuationAllowanceNoncurrent
|
-775474 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28346834 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28546834 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
200000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1.25 |