2020 Q2 Form 10-Q Financial Statement
#000121390021041058 Filed on August 09, 2021
Income Statement
| Concept | 2020 Q2 | 2020 Q1 |
|---|---|---|
| Revenue | -$70.00K | $70.00K |
| YoY Change | ||
| Cost Of Revenue | $60.00K | |
| YoY Change | ||
| Gross Profit | -$70.00K | $10.00K |
| YoY Change | ||
| Gross Profit Margin | 14.29% | |
| Selling, General & Admin | -$460.0K | $810.0K |
| YoY Change | -518.18% | 800.0% |
| % of Gross Profit | 8100.0% | |
| Research & Development | $3.350M | $3.000M |
| YoY Change | ||
| % of Gross Profit | 30000.0% | |
| Depreciation & Amortization | $240.0K | $220.0K |
| YoY Change | ||
| % of Gross Profit | 2200.0% | |
| Operating Expenses | -$3.720M | $4.010M |
| YoY Change | -3481.82% | 4355.56% |
| Operating Profit | $3.650M | -$4.000M |
| YoY Change | ||
| Interest Expense | $420.0K | -$50.00K |
| YoY Change | 23.53% | |
| % of Operating Profit | 11.51% | |
| Other Income/Expense, Net | -$1.130M | $110.0K |
| YoY Change | ||
| Pretax Income | $3.960M | -$3.940M |
| YoY Change | 1621.74% | 4277.78% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$5.819M | -$3.941M |
| YoY Change | -2630.0% | 4278.89% |
| Net Earnings / Revenue | -5630.0% | |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $120.0K | -$227.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q2 | 2020 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $260.0K | $330.0K |
| YoY Change | -51.85% | -49.23% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $10.00K | $30.00K |
| YoY Change | 0.0% | 0.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $280.0K | $360.0K |
| YoY Change | -48.15% | -47.06% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $25.28M | $48.93M |
| YoY Change | -46.13% | 4.89% |
| Total Long-Term Assets | $25.27M | $48.93M |
| YoY Change | -46.15% | 4.91% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $280.0K | $360.0K |
| Total Long-Term Assets | $25.27M | $48.93M |
| Total Assets | $25.55M | $49.29M |
| YoY Change | -46.18% | 4.16% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $180.0K | $150.0K |
| YoY Change | 150.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.700M | $1.380M |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.350M | $1.970M |
| YoY Change | 1282.35% | 885.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.390M | $1.840M |
| YoY Change | -24.46% | 0.0% |
| Total Long-Term Liabilities | $1.390M | $1.840M |
| YoY Change | -24.46% | 0.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.350M | $1.970M |
| Total Long-Term Liabilities | $1.390M | $1.840M |
| Total Liabilities | $3.740M | $3.810M |
| YoY Change | 86.07% | 86.76% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$77.17M | -$71.54M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $25.55M | $49.29M |
| YoY Change | -46.18% | 4.16% |
Cashflow Statement
| Concept | 2020 Q2 | 2020 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.819M | -$3.941M |
| YoY Change | -2630.0% | 4278.89% |
| Depreciation, Depletion And Amortization | $240.0K | $220.0K |
| YoY Change | ||
| Cash From Operating Activities | $3.000M | -$3.250M |
| YoY Change | -1864.71% | 3150.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $170.0K | -$20.00K |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$170.0K | -$20.00K |
| 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 | -1.470M | 1.550M |
| YoY Change | -2550.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | 3.000M | -3.250M |
| Cash From Investing Activities | -170.0K | -20.00K |
| Cash From Financing Activities | -1.470M | 1.550M |
| Net Change In Cash | 1.530M | -1.720M |
| YoY Change | -1490.91% | 1620.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.000M | -$3.250M |
| Capital Expenditures | $170.0K | -$20.00K |
| Free Cash Flow | $2.830M | -$3.230M |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001822791 | ||
| CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25925000 | USD |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
341000 | USD |
| CY2021Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.05 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.34 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.71 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.56 | ||
| CY2021Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
61165018 | shares |
| CY2020Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
17357505 | shares |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
60919340 | shares | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
17357505 | shares | |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
341000 | USD |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
50000 | USD |
| CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3265000 | USD |
| CY2021Q1 | clnn |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
24000 | USD |
| CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-39756000 | USD |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-36076000 | USD |
| clnn |
Gain On Extinguishment Of Notes Payable
GainOnExtinguishmentOfNotesPayable
|
USD | ||
| CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9250000 | USD |
| CY2021Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
58000 | USD |
| CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4255000 | USD |
| CY2021Q2 | clnn |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
-61000 | USD |
| CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-3351000 | USD |
| CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-25925000 | USD |
| CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-67774000 | USD |
| CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
171000 | USD |
| CY2020Q1 | clnn |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
6000 | USD |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-3941000 | USD |
| CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-71538000 | USD |
| CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
174000 | USD |
| CY2020Q2 | clnn |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
10000 | USD |
| CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-5819000 | USD |
| CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-77173000 | USD |
| CY2021Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
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| CY2020Q4 | clnn |
Convertible Long Term Note Payable
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|
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| CY2020Q4 | clnn |
Warrant Liability Noncurrent
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Gain Loss On Contract Termination
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Change In Fair Value Of Contingent Earnout
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|
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Income Tax Expense Benefit
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Gain Loss On Termination Of Lease
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|
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Gains Losses On Extinguishment Of Debt
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|
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Gain Loss On Disposition Of Intangible Assets
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Amortization Of Debt Discount Premium
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Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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Directors Officers Insurance
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Debt Instrument Unamortized Discount Year Five
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Debt Instrument Thereafter
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Series C Redeemable Convertible Preferred Stock
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Series B Redeemable Convertible Preferred Stock
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Series A Redeemable Convertible Preferred Stock
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Series A Redeemable Convertible Preferred Stock Warrantsin Shares
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Convertible Notes Payables
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Common Stock Warrants
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Chardan Unit Purchase Option To Purchase Common Stock
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Initial Shareholders Contingent Earnout Sharessee Note3 And12in Dollars
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shares |
