2021 Q4 Form 10-K Financial Statement
#000149315222007903 Filed on March 28, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $1.384M | $12.27M | $1.990M |
| YoY Change | -30.45% | 516.5% | |
| % of Gross Profit | |||
| Research & Development | $1.263M | $8.410M | $5.093M |
| YoY Change | -75.2% | 65.13% | |
| % of Gross Profit | |||
| Depreciation & Amortization | $357.0K | $708.3K | $351.4K |
| YoY Change | 1.6% | 6.35% | |
| % of Gross Profit | |||
| Operating Expenses | $2.647M | $20.68M | $7.083M |
| YoY Change | -62.63% | 191.94% | |
| Operating Profit | -$20.68M | ||
| YoY Change | |||
| Interest Expense | -$6.600K | -$30.59K | -$100.3K |
| YoY Change | -93.42% | -69.49% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$30.59K | ||
| YoY Change | |||
| Pretax Income | -$2.654M | -$20.71M | -$7.184M |
| YoY Change | -63.06% | 188.29% | |
| Income Tax | $0.00 | $0.00 | |
| % Of Pretax Income | |||
| Net Earnings | -$2.654M | -$20.71M | -$7.184M |
| YoY Change | -63.06% | 188.29% | |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$2.79 | ||
| Diluted Earnings Per Share | -$322.5K | -$2.794M | -$351.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.414M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $16.49M | $16.49M | |
| YoY Change | 1276.07% | ||
| Cash & Equivalents | $16.49M | $16.49M | $1.198M |
| Short-Term Investments | $930.00 | $930.00 | |
| Other Short-Term Assets | $1.698M | $1.698M | |
| YoY Change | 286.43% | ||
| Inventory | |||
| Prepaid Expenses | $1.698M | ||
| Receivables | $690.3K | $690.3K | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $18.88M | $18.88M | |
| YoY Change | 954.95% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.145M | $4.004M | |
| YoY Change | 0.16% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $4.004M | $4.004M | |
| YoY Change | 0.16% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $18.88M | $18.88M | |
| Total Long-Term Assets | $4.004M | $4.004M | |
| Total Assets | $22.89M | $22.89M | |
| YoY Change | 295.44% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $264.7K | $264.7K | |
| YoY Change | -72.86% | ||
| Accrued Expenses | $601.3K | $896.9K | |
| YoY Change | -38.13% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $15.10K | $15.10K | |
| YoY Change | -96.54% | ||
| Total Short-Term Liabilities | $1.177M | $1.177M | |
| YoY Change | -64.99% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $37.53K | $37.53K | |
| YoY Change | -28.69% | ||
| Other Long-Term Liabilities | $828.5K | ||
| YoY Change | -23.36% | ||
| Total Long-Term Liabilities | $0.00 | $866.0K | |
| YoY Change | -23.61% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.177M | $1.177M | |
| Total Long-Term Liabilities | $0.00 | $866.0K | |
| Total Liabilities | $2.043M | $2.043M | |
| YoY Change | -54.56% | ||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$51.73M | ||
| YoY Change | |||
| Common Stock | $1.131K | $0.00 | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $20.84M | $20.84M | $1.292M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $22.89M | $22.89M | |
| YoY Change | 295.44% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.654M | -$20.71M | -$7.184M |
| YoY Change | -63.06% | 188.29% | |
| Depreciation, Depletion And Amortization | $357.0K | $708.3K | $351.4K |
| YoY Change | 1.6% | 6.35% | |
| Cash From Operating Activities | -$7.208M | -$10.43M | -$3.598M |
| YoY Change | 100.32% | 53.17% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$725.8K | -$814.7K | -$130.4K |
| YoY Change | 456.62% | 102.62% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$725.8K | -$814.7K | -$130.4K |
| YoY Change | 456.67% | 112.08% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 23.38M | 26.54M | 4.897M |
| YoY Change | 377.51% | 232.84% | |
| NET CHANGE | |||
| Cash From Operating Activities | -7.208M | -10.43M | -3.598M |
| Cash From Investing Activities | -725.8K | -814.7K | -130.4K |
| Cash From Financing Activities | 23.38M | 26.54M | 4.897M |
| Net Change In Cash | 15.45M | 15.30M | 1.168M |
| YoY Change | 1222.65% | 1862.89% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$7.208M | -$10.43M | -$3.598M |
| Capital Expenditures | -$725.8K | -$814.7K | -$130.4K |
| Free Cash Flow | -$6.482M | -$9.618M | -$3.468M |
| YoY Change | 86.92% | 50.07% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
USD | |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2021 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
USD | |
| CY2021Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Members Capital
MembersCapital
|
USD | |
| CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
USD | |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
USD | |
| CY2020Q4 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2020 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
USD | |
| CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
USD | |
| CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
||
| CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
shares | |
| CY2021 | CING |
Unrealized Gain On Shortterm Investments
UnrealizedGainOnShorttermInvestments
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
USD | |
| CY2020 | us-gaap |
Noncash Contribution Expense
NoncashContributionExpense
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
USD | |
| CY2020 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
USD |
