2022 Q4 Form 10-Q Financial Statement

#000147793222008312 Filed on November 10, 2022

View on sec.gov

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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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

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001477932-22-008312-index-headers.html Edgar Link pending
0001477932-22-008312-index.html Edgar Link pending
0001477932-22-008312.txt Edgar Link pending
0001477932-22-008312-xbrl.zip Edgar Link pending
cipi-20220930.xsd Edgar Link pending
cipi_10q.htm Edgar Link pending
cipi-20220930_cal.xml Edgar Link unprocessable
cipi-20220930_def.xml Edgar Link unprocessable
cipi_ex311.htm Edgar Link pending
cipi_ex312.htm Edgar Link pending
cipi_ex321.htm Edgar Link pending
cipi_ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
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R12.htm Edgar Link pending
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R3.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
cipi_10q_htm.xml Edgar Link completed
cipi-20220930_pre.xml Edgar Link unprocessable
cipi-20220930_lab.xml Edgar Link unprocessable