2024 Q1 Form 10-K Financial Statement

#000149315224012269 Filed on April 01, 2024

View on sec.gov

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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<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>
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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

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