2022 Q4 Form 10-Q Financial Statement
#000147793222008312 Filed on November 10, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
Revenue | $2.618M | $98.45K | |
YoY Change | |||
Cost Of Revenue | $2.169M | -$1.400K | |
YoY Change | 3506.21% | -102.33% | |
Gross Profit | $143.4K | $99.85K | |
YoY Change | -338.47% | -266.42% | |
Gross Profit Margin | 5.48% | 101.42% | |
Selling, General & Admin | $3.583M | -$100.7K | |
YoY Change | 4466.69% | -4826.29% | |
% of Gross Profit | 2497.63% | -100.82% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $15.56K | ||
YoY Change | |||
% of Gross Profit | 10.85% | ||
Operating Expenses | $2.429M | -$99.65K | |
YoY Change | 2996.85% | -4778.4% | |
Operating Profit | -$2.286M | $199.5K | |
YoY Change | 1549.38% | -421.1% | |
Interest Expense | $43.38K | -$15.00K | |
YoY Change | |||
% of Operating Profit | -7.52% | ||
Other Income/Expense, Net | -$300.9K | ||
YoY Change | |||
Pretax Income | -$5.262M | $136.2K | |
YoY Change | 3696.33% | -319.2% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.587M | $136.2K | |
YoY Change | 1766.46% | -319.2% | |
Net Earnings / Revenue | -98.82% | 138.33% | |
Basic Earnings Per Share | -$0.07 | ||
Diluted Earnings Per Share | -$0.15 | $981.10 | |
COMMON SHARES | |||
Basic Shares Outstanding | 35.23M shares | 35.14M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $348.7K | $252.2K | |
YoY Change | 3690.11% | 14734.71% | |
Cash & Equivalents | $96.31K | $348.7K | $252.2K |
Short-Term Investments | |||
Other Short-Term Assets | $94.98K | ||
YoY Change | |||
Inventory | $174.8K | ||
Prepaid Expenses | $94.98K | ||
Receivables | $0.00 | $423.8K | $40.81K |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $1.176M | $1.042M | $293.0K |
YoY Change | 301.52% | 11229.88% | 17135.06% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.004K | $7.905K | $0.00 |
YoY Change | |||
Goodwill | $762.9K | $762.9K | $762.9K |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.081M | $1.127M | $1.164M |
YoY Change | -7.18% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $1.176M | $1.042M | $293.0K |
Total Long-Term Assets | $1.081M | $1.127M | $1.164M |
Total Assets | $2.257M | $2.169M | $1.457M |
YoY Change | 54.89% | 23474.73% | 85611.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.070M | $814.8K | $819.4K |
YoY Change | 30.55% | 161.49% | 258.75% |
Accrued Expenses | $1.286M | $1.102M | $58.35K |
YoY Change | 2103.77% | 19.5% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.243M | $30.00K | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.718M | $3.288M | $1.004M |
YoY Change | 369.79% | 955.28% | 262.24% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $344.6K | $207.1K | $20.40K |
YoY Change | 1589.19% | ||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $344.6K | $207.1K | $20.40K |
YoY Change | 1589.19% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.718M | $3.288M | $1.004M |
Total Long-Term Liabilities | $344.6K | $207.1K | $20.40K |
Total Liabilities | $5.063M | $3.495M | $1.025M |
YoY Change | 394.07% | 1021.73% | 269.6% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.268M | -$6.367M | -$1.106M |
YoY Change | 647.92% | ||
Common Stock | $3.532K | $3.514K | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.806M | -$1.326M | $432.4K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.257M | $2.169M | $1.457M |
YoY Change | 54.89% | 23474.73% | 85611.59% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.587M | $136.2K | |
YoY Change | 1766.46% | -319.2% | |
Depreciation, Depletion And Amortization | $15.56K | ||
YoY Change | |||
Cash From Operating Activities | -$638.0K | $103.6K | |
YoY Change | 646.84% | -4964.32% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $8.310K | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $217.5K | ||
YoY Change | |||
Cash From Investing Activities | -$8.310K | $217.5K | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 580.0K | -150.8K | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -638.0K | 103.6K | |
Cash From Investing Activities | -8.310K | 217.5K | |
Cash From Financing Activities | 580.0K | -150.8K | |
Net Change In Cash | -66.26K | 170.3K | |
YoY Change | -22.43% | -8095.77% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$638.0K | $103.6K | |
Capital Expenditures | $8.310K | ||
Free Cash Flow | -$646.3K | ||
YoY Change |
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NetIncomeLoss
|
-5261707 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8701 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
58966790 | shares | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-547569 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3507 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-551076 | usd |
CY2021Q2 | cipi |
Stock Issued During Period Shares Pre Merger Tccr Transactions Amount
StockIssuedDuringPeriodSharesPreMergerTCCRTransactionsAmount
|
0 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4208 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-555284 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-986 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-556270 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
432420 | usd |
CY2022Q1 | cipi |
Issuance Warrants Connectionwith Debt
IssuanceWarrantsConnectionwithDebt
|
799128 | usd |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
150504 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
150000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-973460 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
558592 | usd |
CY2022Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
179234 | usd |
CY2022Q2 | cipi |
Elimination Of Class A And Class B Common Stock For Single Class Of Common Stock Amount
EliminationOfClassAAndClassBCommonStockForSingleClassOfCommonStockAmount
|
0 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
500000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1701330 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-463504 | usd |
CY2022Q3 | cipi |
Issuance Warrants Connectionwith Debt
IssuanceWarrantsConnectionwithDebt
|
417314 | usd |
CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
1306773 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2586917 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1326334 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5261707 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8701 | usd | |
us-gaap |
Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
|
45880 | usd | |
us-gaap |
Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
|
0 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
685639 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | usd | |
cipi |
Shares Issued For Services
SharesIssuedForServices
|
500000 | usd | |
cipi |
Shares Issued For Services
SharesIssuedForServices
|
0 | usd | |
cipi |
Stock Based Compensation Used In Operating Activities
StockBasedCompensationUsedInOperatingActivities
|
1636511 | usd | |
cipi |
Stock Based Compensation Used In Operating Activities
StockBasedCompensationUsedInOperatingActivities
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
383028 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6859 | usd | |
cipi |
Inventory
Inventory
|
174843 | usd | |
cipi |
Inventory
Inventory
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
94983 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4633 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-27224 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1043152 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-960 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
32816 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1975196 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-43744 | usd | |
cipi |
Payments To Acquire Property And Equipment
PaymentsToAcquirePropertyAndEquipment
|
-8305 | usd | |
cipi |
Payments To Acquire Property And Equipment
PaymentsToAcquirePropertyAndEquipment
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8305 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
cipi |
Proceeds From Issuance Of Notes Payable
ProceedsFromIssuanceOfNotesPayable
|
1930000 | usd | |
cipi |
Proceeds From Issuance Of Notes Payable
ProceedsFromIssuanceOfNotesPayable
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
150000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2080000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
96499 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-43744 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
252189 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
74375 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
348688 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30631 | usd |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
32141 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd | |
cipi |
Discount On Note Payable From Issuance Of Warrants
DiscountOnNotePayableFromIssuanceOfWarrants
|
1216442 | usd | |
us-gaap |
Interest Paid
InterestPaid
|
0 | usd | |
cipi |
Original Issuance Discount On Note Payable
OriginalIssuanceDiscountOnNotePayable
|
135000 | usd | |
cipi |
Discount On Note Payable From Issuance Of Warrants
DiscountOnNotePayableFromIssuanceOfWarrants
|
0 | usd | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
1:1 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | ||
us-gaap |
Fdic Indemnification Asset Period Increase Decrease
FDICIndemnificationAssetPeriodIncreaseDecrease
|
250000 | usd | |
CY2022Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
65497 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
90189 | usd |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
1:1 | ||
CY2022Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2020Q2 | us-gaap |
Policy Loans Receivable
PolicyLoansReceivable
|
20400 | usd |
CY2020Q2 | cipi |
Note Interest Rate
NoteInterestRate
|
0.0375 | pure |
CY2020Q2 | cipi |
Long Term Debt By Maturity
LongTermDebtByMaturity
|
March 2050 | |
CY2020Q2 | cipi |
Description Of Monthly Payments
DescriptionOfMonthlyPayments
|
The note requires $100 monthly payments beginning in May 2022 until maturity. | |
CY2014Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
30000 | usd |
CY2014Q4 | us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
8.00% at issuance to 34.00% for the period ended September 30, 2022 | |
CY2022Q3 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
41530 | usd |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
400000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
150000 | usd |
CY2022Q1 | cipi |
Shares Issuedfor Cash Shares
SharesIssuedforCashShares
|
600000 | shares |
CY2022Q2 | cipi |
Stock Issued During Period Shares Issues
StockIssuedDuringPeriodSharesIssues
|
500000 | shares |
CY2022Q2 | cipi |
Stock Issued During Period Amount Issues
StockIssuedDuringPeriodAmountIssues
|
500000 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
1621350 | shares | |
CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
2562718 | shares |
CY2022Q3 | cipi |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Total Expenses
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedTotalExpenses
|
1680658 | usd |