2024 Q2 Form 10-Q Financial Statement

#000147793224003000 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.863M $432.8K $50.73K
YoY Change -55.19% 753.07% -25.84%
Cost Of Revenue $2.581M $381.2K $45.86K
YoY Change -16.29% 731.29% -33.64%
Gross Profit -$717.9K $51.58K $4.875K
YoY Change -166.79% 957.99% -796.43%
Gross Profit Margin -38.53% 11.92% 9.61%
Selling, General & Admin $1.364M $2.562M
YoY Change -3.29%
% of Gross Profit 4967.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.17K $92.18K
YoY Change 449.94%
% of Gross Profit 178.72%
Operating Expenses $1.755M $3.033M $1.208M
YoY Change 20.18% 151.04% 104.24%
Operating Profit -$2.473M -$2.981M -$1.203M
YoY Change 541.41% 147.77% 103.18%
Interest Expense $173.3K $237.7K $97.35K
YoY Change 10.44% 144.16% -148.86%
% of Operating Profit
Other Income/Expense, Net -$19.75M -$1.495M -$2.207M
YoY Change 1568.61% -32.26% 1007.83%
Pretax Income -$22.23M -$4.476M
YoY Change 1316.24%
Income Tax
% Of Pretax Income
Net Earnings -$22.23M -$4.476M -$3.410M
YoY Change 1316.25% 31.26% 250.33%
Net Earnings / Revenue -1192.85% -1034.3% -6722.03%
Basic Earnings Per Share -$0.50 -$0.12 -$0.10
Diluted Earnings Per Share -$0.50 -$0.12
COMMON SHARES
Basic Shares Outstanding 40.12M shares 40.12M shares 35.33M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $255.3K $101.7K
YoY Change -76.96%
Cash & Equivalents $255.3K $101.7K $741.4K
Short-Term Investments
Other Short-Term Assets $1.167M $1.062M
YoY Change 75.68%
Inventory
Prepaid Expenses
Receivables $191.1K $184.7K
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.053M $1.430M $1.649M
YoY Change -4.85% -13.27% 46.76%
LONG-TERM ASSETS
Property, Plant & Equipment $216.1K $194.8K $3.604K
YoY Change 120.1% 5306.3%
Goodwill $762.9K $762.9K $762.9K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.559M $1.618M $1.055M
YoY Change -11.81% 53.34% -8.18%
TOTAL ASSETS
Total Short-Term Assets $2.053M $1.430M $1.649M
Total Long-Term Assets $1.559M $1.618M $1.055M
Total Assets $3.612M $3.048M $2.704M
YoY Change -7.99% 12.72% 18.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.058M $734.4K $1.050M
YoY Change 200.05% -30.05% 41.05%
Accrued Expenses $909.7K $1.128M $963.6K
YoY Change -30.77% 17.11% 815.43%
Deferred Revenue
YoY Change
Short-Term Debt $1.475M $1.504M
YoY Change -0.79%
Long-Term Debt Due $189.9K $579.3K
YoY Change
Total Short-Term Liabilities $6.283M $6.430M $8.557M
YoY Change 50.53% -24.86% 405.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.436M $31.25K
YoY Change -100.0% 7696.13% 53.19%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $2.436M $31.25K
YoY Change -100.0% 7696.13% 53.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.283M $6.430M $8.557M
Total Long-Term Liabilities $0.00 $2.436M $31.25K
Total Liabilities $6.283M $8.866M $8.588M
YoY Change 32.84% 3.23% 401.11%
SHAREHOLDERS EQUITY
Retained Earnings -$47.76M -$25.53M -$11.68M
YoY Change 260.5% 118.63%
Common Stock $5.786K $4.014K $3.535K
YoY Change 60.06% 13.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.670M -$5.818M -$5.885M
YoY Change
Total Liabilities & Shareholders Equity $3.612M $3.048M $2.704M
YoY Change -7.99% 12.72% 18.98%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$22.23M -$4.476M -$3.410M
YoY Change 1316.25% 31.26% 250.33%
Depreciation, Depletion And Amortization $92.17K $92.18K
YoY Change 449.94%
Cash From Operating Activities -$1.401M -$1.276M -$1.089M
YoY Change -209.0% 17.15% 48.87%
INVESTING ACTIVITIES
Capital Expenditures $33.50K $34.70K $0.00
YoY Change -92.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$33.50K -$34.70K $0.00
YoY Change -92.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.588M $0.00 $1.734M
YoY Change 2376.06% -100.0% 15.62%
NET CHANGE
Cash From Operating Activities -1.401M -$1.276M -$1.089M
Cash From Investing Activities -33.50K -$34.70K $0.00
Cash From Financing Activities 1.588M $0.00 $1.734M
Net Change In Cash 153.6K -$1.311M $645.1K
YoY Change -83.22% -303.18% -16.04%
FREE CASH FLOW
Cash From Operating Activities -$1.401M -$1.276M -$1.089M
Capital Expenditures $33.50K $34.70K $0.00
Free Cash Flow -$1.435M -$1.311M -$1.089M
YoY Change -268.55% 20.33%

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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1412379 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96308 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101665 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
741405 usd
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2024Q1 us-gaap Interest Paid
InterestPaid
177831 usd
CY2023Q1 us-gaap Interest Paid
InterestPaid
70274 usd
CY2024Q1 cipi Shares Issued For Settlement Of Accrued Interest
SharesIssuedForSettlementOfAccruedInterest
38382 usd
CY2023Q1 cipi Shares Issued For Settlement Of Accrued Interest
SharesIssuedForSettlementOfAccruedInterest
7589 usd
CY2024Q1 cipi Discount On Note Payable From Issuance Of Warrants
DiscountOnNotePayableFromIssuanceOfWarrants
353272 usd
CY2023Q1 cipi Discount On Note Payable From Issuance Of Warrants
DiscountOnNotePayableFromIssuanceOfWarrants
0 usd
CY2024Q1 cipi Discount On Notes Payable From Derivative Liability
DiscountOnNotesPayableFromDerivativeLiability
0 usd
CY2023Q1 cipi Discount On Notes Payable From Derivative Liability
DiscountOnNotesPayableFromDerivativeLiability
1563929 usd
CY2024Q1 cipi Discount On Convertible Notes Payable From Derivative Liability
DiscountOnConvertibleNotesPayableFromDerivativeLiability
0 usd
CY2023Q1 cipi Discount On Convertible Notes Payable From Derivative Liability
DiscountOnConvertibleNotesPayableFromDerivativeLiability
1804950 usd
CY2024Q1 cipi Accrued Interest Settled Through Note Payable
AccruedInterestSettledThroughNotePayable
0 usd
CY2023Q1 cipi Accrued Interest Settled Through Note Payable
AccruedInterestSettledThroughNotePayable
78929 usd
CY2024Q1 us-gaap Litigation Settlement Interest
LitigationSettlementInterest
0 usd
CY2023Q1 us-gaap Litigation Settlement Interest
LitigationSettlementInterest
50582 usd
CY2024Q1 us-gaap Notes Issued1
NotesIssued1
0 usd
CY2023Q1 us-gaap Notes Issued1
NotesIssued1
877897 usd
CY2024Q1 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
32611 usd
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
6392176 shares
CY2024Q1 cipi Options To Purchase Shares
OptionsToPurchaseShares
3131892 shares
CY2024Q1 cipi Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Total Expenses
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedTotalExpenses
2230147 usd
CY2024Q1 cipi Director Compensation Value
DirectorCompensationValue
474000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1003183 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
343090 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
660093 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1003183 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
263119 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
740064 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
239913 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
286852 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
133328 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
660093 usd

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0001477932-24-003000-index-headers.html Edgar Link pending
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0001477932-24-003000.txt Edgar Link pending
0001477932-24-003000-xbrl.zip Edgar Link pending
cipi-20240331.xsd Edgar Link pending
cipi_10q.htm Edgar Link pending
cipi_ex311.htm Edgar Link pending
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