2022 Q1 Form 10-Q Financial Statement
#000149315222013104 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.247M | $767.7K |
| YoY Change | 192.72% | |
| % of Gross Profit | ||
| Research & Development | $2.762M | $562.5K |
| YoY Change | 391.05% | |
| % of Gross Profit | ||
| Depreciation & Amortization | $101.4K | $174.7K |
| YoY Change | -41.94% | |
| % of Gross Profit | ||
| Operating Expenses | $5.009M | $1.330M |
| YoY Change | 276.6% | |
| Operating Profit | -$5.009M | |
| YoY Change | ||
| Interest Expense | $5.830K | -$3.760K |
| YoY Change | -255.05% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $5.833K | |
| YoY Change | ||
| Pretax Income | -$5.004M | -$1.334M |
| YoY Change | 275.1% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$5.004M | -$1.334M |
| YoY Change | 275.1% | |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.44 | |
| Diluted Earnings Per Share | -$442.4K | -$65.23K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 11.31M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $12.62M | |
| YoY Change | ||
| Cash & Equivalents | $12.61M | |
| Short-Term Investments | $930.00 | |
| Other Short-Term Assets | $1.307M | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $651.4K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $14.57M | |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.859M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $3.859M | |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $14.57M | |
| Total Long-Term Assets | $3.859M | |
| Total Assets | $18.43M | |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $556.3K | |
| YoY Change | ||
| Accrued Expenses | $1.059M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | $15.34K | |
| YoY Change | ||
| Total Short-Term Liabilities | $1.631M | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $33.61K | |
| YoY Change | ||
| Other Long-Term Liabilities | $749.5K | |
| YoY Change | ||
| Total Long-Term Liabilities | $783.1K | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.631M | |
| Total Long-Term Liabilities | $783.1K | |
| Total Liabilities | $2.414M | |
| YoY Change | ||
| 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 | $16.02M | $1.344M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $18.43M | |
| YoY Change |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.004M | -$1.334M |
| YoY Change | 275.1% | |
| Depreciation, Depletion And Amortization | $101.4K | $174.7K |
| YoY Change | -41.94% | |
| Cash From Operating Activities | -$3.864M | -$1.674M |
| YoY Change | 130.85% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$10.40K | -$66.47K |
| YoY Change | -84.35% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$10.40K | -$66.47K |
| YoY Change | -84.35% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -3.680K | 1.351M |
| YoY Change | -100.27% | |
| NET CHANGE | ||
| Cash From Operating Activities | -3.864M | -1.674M |
| Cash From Investing Activities | -10.40K | -66.47K |
| Cash From Financing Activities | -3.680K | 1.351M |
| Net Change In Cash | -3.879M | -389.4K |
| YoY Change | 895.96% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$3.864M | -$1.674M |
| Capital Expenditures | -$10.40K | -$66.47K |
| Free Cash Flow | -$3.854M | -$1.608M |
| YoY Change | 139.75% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
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| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
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| CY2021Q1 | us-gaap |
Unrealized Gain Loss On Investments
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| CY2021Q1 | us-gaap |
Earnings Per Share Basic
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| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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shares | |
| CY2021Q1 | us-gaap |
Other Noncash Income Expense
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| CY2022Q1 | us-gaap |
Proceeds From Contributed Capital
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| CY2022Q1 | us-gaap |
Proceeds From Notes Payable
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|
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| CY2021Q1 | CING |
Property And Equipment Accrued But Not Yet Paid At End Of Period
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| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
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|
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| CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
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|
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| CY2022Q1 | CING |
Deferred Tax Assets Other Current
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|
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| CY2022Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
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|
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| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
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