2021 Q3 Form 10-Q Financial Statement

#000121390021057373 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $110.0K $0.00 -$70.00K
YoY Change
Cost Of Revenue $14.00K
YoY Change
Gross Profit $96.00K $0.00 -$70.00K
YoY Change
Gross Profit Margin 87.27%
Selling, General & Admin $4.371M $490.0K -$460.0K
YoY Change 792.04% 226.67% -518.18%
% of Gross Profit 4553.13%
Research & Development $5.946M $3.790M $3.350M
YoY Change 56.89%
% of Gross Profit 6193.75%
Depreciation & Amortization $235.0K $240.0K $240.0K
YoY Change -2.08%
% of Gross Profit 244.79%
Operating Expenses $10.55M $490.0K -$3.720M
YoY Change 2052.24% 226.67% -3481.82%
Operating Profit -$10.45M -$490.0K $3.650M
YoY Change 2032.65%
Interest Expense $35.12M $0.00 $420.0K
YoY Change -100.0% 23.53%
% of Operating Profit 11.51%
Other Income/Expense, Net $4.203M -$3.710M -$1.130M
YoY Change -213.29%
Pretax Income $28.88M -$480.0K $3.960M
YoY Change -6115.63% -500.0% 1621.74%
Income Tax -$69.00K
% Of Pretax Income -0.24%
Net Earnings $28.94M -$480.0K -$5.819M
YoY Change -6130.0% -500.0% -2630.0%
Net Earnings / Revenue 26312.73%
Basic Earnings Per Share $0.47 -$0.59
Diluted Earnings Per Share $0.42 -$0.59 $120.0K
COMMON SHARES
Basic Shares Outstanding 62.07M shares 17.36M shares
Diluted Shares Outstanding 70.04M shares 17.36M shares

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.55M $440.0K $260.0K
YoY Change 13661.82% -2.22% -51.85%
Cash & Equivalents $60.61M
Short-Term Investments
Other Short-Term Assets $3.520M $90.00K $10.00K
YoY Change 3811.11% 50.0% 0.0%
Inventory $41.00K
Prepaid Expenses
Receivables $68.00K
Other Receivables $1.212M
Total Short-Term Assets $65.39M $530.0K $280.0K
YoY Change 12238.3% 3.92% -48.15%
LONG-TERM ASSETS
Property, Plant & Equipment $7.586M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $58.00K $25.59M $25.28M
YoY Change -99.77% -46.28% -46.13%
Total Long-Term Assets $7.644M $25.59M $25.27M
YoY Change -70.13% -46.28% -46.15%
TOTAL ASSETS
Total Short-Term Assets $65.39M $530.0K $280.0K
Total Long-Term Assets $7.644M $25.59M $25.27M
Total Assets $73.04M $26.12M $25.55M
YoY Change 179.62% -45.75% -46.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.023M
YoY Change
Accrued Expenses $3.379M $180.0K $180.0K
YoY Change 1777.22% 1700.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $2.010M $1.700M
YoY Change -100.0% 336.96%
Long-Term Debt Due $153.0K
YoY Change
Total Short-Term Liabilities $4.831M $3.400M $2.350M
YoY Change 42.09% 353.33% 1282.35%
LONG-TERM LIABILITIES
Long-Term Debt $19.30M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $43.16M $1.390M $1.390M
YoY Change 3004.68% -24.46% -24.46%
Total Long-Term Liabilities $62.45M $1.390M $1.390M
YoY Change 4392.95% -24.46% -24.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.831M $3.400M $2.350M
Total Long-Term Liabilities $62.45M $1.390M $1.390M
Total Liabilities $67.35M $4.790M $3.740M
YoY Change 1306.08% 84.94% 86.07%
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 $5.686M -$87.26M -$77.17M
YoY Change
Total Liabilities & Shareholders Equity $73.04M $26.12M $25.55M
YoY Change 179.62% -45.75% -46.18%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $28.94M -$480.0K -$5.819M
YoY Change -6130.0% -500.0% -2630.0%
Depreciation, Depletion And Amortization $235.0K $240.0K $240.0K
YoY Change -2.08%
Cash From Operating Activities -$7.305M -$550.0K $3.000M
YoY Change 1228.18% 175.0% -1864.71%
INVESTING ACTIVITIES
Capital Expenditures -$241.0K $80.00K $170.0K
YoY Change -401.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$241.0K -$80.00K -$170.0K
YoY Change 201.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.232M 730.0K -1.470M
YoY Change 616.71% 563.64% -2550.0%
NET CHANGE
Cash From Operating Activities -7.305M -550.0K 3.000M
Cash From Investing Activities -241.0K -80.00K -170.0K
Cash From Financing Activities 5.232M 730.0K -1.470M
Net Change In Cash -2.314M 180.0K 1.530M
YoY Change -1385.56% -300.0% -1490.91%
FREE CASH FLOW
Cash From Operating Activities -$7.305M -$550.0K $3.000M
Capital Expenditures -$241.0K $80.00K $170.0K
Free Cash Flow -$7.064M -$630.0K $2.830M
YoY Change 1021.27%

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