2021 Q2 Form 10-Q Financial Statement
#000149315221019491 Filed on August 12, 2021
Income Statement
| Concept | 2021 Q2 |
|---|---|
| Revenue | $0.00 |
| YoY Change | |
| Cost Of Revenue | |
| YoY Change | |
| Gross Profit | |
| YoY Change | |
| Gross Profit Margin | |
| Selling, General & Admin | $627.6K |
| YoY Change | -9.5% |
| % of Gross Profit | |
| Research & Development | $367.6K |
| YoY Change | 75.08% |
| % of Gross Profit | |
| Depreciation & Amortization | |
| YoY Change | |
| % of Gross Profit | |
| Operating Expenses | $995.1K |
| YoY Change | 10.16% |
| Operating Profit | -$995.1K |
| YoY Change | |
| Interest Expense | -$318.0K |
| YoY Change | 144.42% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$318.0K |
| YoY Change | |
| Pretax Income | -$1.313M |
| YoY Change | 12.74% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$1.313M |
| YoY Change | 12.74% |
| Net Earnings / Revenue | |
| Basic Earnings Per Share | -$0.05 |
| Diluted Earnings Per Share | -$40.20K |
| COMMON SHARES | |
| Basic Shares Outstanding | 32.66M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q2 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $81.71K |
| YoY Change | 7261.26% |
| Cash & Equivalents | $85.21K |
| Short-Term Investments | |
| Other Short-Term Assets | $223.3K |
| YoY Change | 175.1% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | |
| Other Receivables | |
| Total Short-Term Assets | $305.0K |
| YoY Change | 270.69% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | |
| YoY Change | |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $3.500K |
| YoY Change | |
| Total Long-Term Assets | $3.500K |
| YoY Change | |
| TOTAL ASSETS | |
| Total Short-Term Assets | $305.0K |
| Total Long-Term Assets | $3.500K |
| Total Assets | $308.5K |
| YoY Change | 274.94% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $340.0K |
| YoY Change | -23.74% |
| Accrued Expenses | $2.826M |
| YoY Change | 17.71% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $813.4K |
| YoY Change | -26.92% |
| Long-Term Debt Due | $5.835M |
| YoY Change | 178.53% |
| Total Short-Term Liabilities | $10.34M |
| YoY Change | 56.35% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $0.00 |
| YoY Change | |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $10.34M |
| Total Long-Term Liabilities | $0.00 |
| Total Liabilities | $10.34M |
| YoY Change | 56.35% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | -$28.54M |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | -$10.03M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $308.5K |
| YoY Change | 274.94% |
Cashflow Statement
| Concept | 2021 Q2 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$1.313M |
| YoY Change | 12.74% |
| Depreciation, Depletion And Amortization | |
| YoY Change | |
| Cash From Operating Activities | -$1.143M |
| YoY Change | 113.54% |
| 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 | 1.125M |
| YoY Change | 116.43% |
| NET CHANGE | |
| Cash From Operating Activities | -1.143M |
| Cash From Investing Activities | |
| Cash From Financing Activities | 1.125M |
| Net Change In Cash | -17.89K |
| YoY Change | 16.09% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$1.143M |
| Capital Expenditures | |
| Free Cash Flow | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q2 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
USD | |
| CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q2 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
USD | |
| CY2020Q2 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
USD | |
| CY2021Q2 | CLCS |
Gain On Forgiveness Of Accrued Interest
GainOnForgivenessOfAccruedInterest
|
USD | |
| CY2021Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
USD | |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
USD | ||
| CLCS |
Gain On Forgiveness Of Accrued Interest
GainOnForgivenessOfAccruedInterest
|
USD | ||
| us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
USD | ||
| us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
USD | ||
| us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
USD | ||
| us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
USD | ||
| CY2020Q2 | us-gaap |
Cash
Cash
|
USD | |
| CY2020Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
USD | |
| CY2020Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
USD | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| CLCS |
Original Issue Discount In Connection With Convertible
OriginalIssueDiscountInConnectionWithConvertible
|
USD | ||
| CLCS |
Reclassification Of Derivative Liabilities Equity
ReclassificationOfDerivativeLiabilitiesEquity
|
USD | ||
| CLCS |
Issuance Of Common Stock Pursuant To Cashless Warrant Exercise
IssuanceOfCommonStockPursuantToCashlessWarrantExercise
|
USD | ||
| CLCS |
Accrued Interest Converted Into Notes Payable
AccruedInterestConvertedIntoNotesPayable
|
USD | ||
| CLCS |
Issuance Of Warrants In Connection With Issuance Of Notes Payable
IssuanceOfWarrantsInConnectionWithIssuanceOfNotesPayable
|
USD | ||
| CLCS |
Issuance Of Warrants In Satisfaction Of Accrued Interest
IssuanceOfWarrantsInSatisfactionOfAccruedInterest
|
USD | ||
| CLCS |
Issuance Of Placement Agent Warrants
IssuanceOfPlacementAgentWarrants
|
USD | ||
| CLCS |
Issuance Of Common Stock As Debt Discount In Connection
IssuanceOfCommonStockAsDebtDiscountInConnection
|
USD | ||
| CLCS |
Repayment Of Convertible Note Payable And Accrued Interest By Third Party
RepaymentOfConvertibleNotePayableAndAccruedInterestByThirdParty
|
USD | ||
| CLCS |
Warrants And Conversion Options Issued In Connection With Issuance And Extension Of Notes Payable
WarrantsAndConversionOptionsIssuedInConnectionWithIssuanceAndExtensionOfNotesPayable
|
USD | ||
| CLCS |
Warrants Issued In Connection With Issuance Of Advance Payable
WarrantsIssuedInConnectionWithIssuanceOfAdvancePayable
|
USD | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-2837854 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2257576 | USD | |
| CY2021Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-28543847 | USD |
| CY2021Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
| CY2021Q2 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y |
