2022 Q1 Form 10-Q Financial Statement

#000141057822001386 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $52.00K $70.00K
YoY Change -25.71% -92.78%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.243M $2.370M
YoY Change -5.36% 41.07%
% of Gross Profit
Research & Development $14.67M $4.213M
YoY Change 248.21% 59.89%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $16.91M $6.586M
YoY Change 156.8% 52.7%
Operating Profit -$16.86M -$6.518M
YoY Change 158.68% 95.09%
Interest Expense $13.00K $10.00K
YoY Change 30.0% -83.33%
% of Operating Profit
Other Income/Expense, Net $13.00K $13.00K
YoY Change 0.0% -78.33%
Pretax Income -$16.85M -$6.510M
YoY Change 158.8% 98.48%
Income Tax
% Of Pretax Income
Net Earnings -$16.85M -$6.505M
YoY Change 159.0% 98.26%
Net Earnings / Revenue -32400.0% -9292.86%
Basic Earnings Per Share -$0.20 -$0.09
Diluted Earnings Per Share $0.20 $0.09
COMMON SHARES
Basic Shares Outstanding 85.05M 70.30M
Diluted Shares Outstanding 85.05M 70.30M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.48M $60.03M
YoY Change -30.91% 179.47%
Cash & Equivalents $41.48M $60.03M
Short-Term Investments
Other Short-Term Assets $52.00K $68.00K
YoY Change -23.53% -90.93%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $42.91M $61.43M
YoY Change -30.15% 164.67%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $42.91M $61.43M
Total Long-Term Assets $0.00 $0.00
Total Assets $42.91M $61.43M
YoY Change -30.15% 164.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.859M $3.528M
YoY Change 179.45% 52.73%
Accrued Expenses $339.0K $160.0K
YoY Change 111.88% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.69M $7.255M
YoY Change 212.75% 3.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $22.69M $7.255M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $22.69M $7.255M
YoY Change 212.75% 3.79%
SHAREHOLDERS EQUITY
Retained Earnings -$216.7M -$149.7M
YoY Change 44.76%
Common Stock $7.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.22M $54.18M
YoY Change
Total Liabilities & Shareholders Equity $42.91M $61.43M
YoY Change -30.15% 164.67%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$16.85M -$6.505M
YoY Change 159.0% 98.26%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$19.61M -$4.657M
YoY Change 321.0% 2.58%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 6.347M 23.92M
YoY Change -73.46% -42810.71%
NET CHANGE
Cash From Operating Activities -19.61M -4.657M
Cash From Investing Activities
Cash From Financing Activities 6.347M 23.92M
Net Change In Cash -13.26M 19.26M
YoY Change -168.84% -519.08%
FREE CASH FLOW
Cash From Operating Activities -$19.61M -$4.657M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Significant<span style="font-style:normal;font-weight:normal;"> </span>Accounting<span style="font-style:normal;font-weight:normal;"> </span>Policies</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="font-style:normal;font-weight:normal;">There have been no material changes in the Company’s significant accounting policies to those previously disclosed in the 2021 Annual Report on Form 10-K.</span></p>
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Files In Submission

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