2022 Q1 Form 10-Q Financial Statement
#000109181822000058 Filed on May 11, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $470.6K | $422.7K |
| YoY Change | 11.33% | -18.09% |
| Cost Of Revenue | $65.90K | $73.47K |
| YoY Change | -10.3% | -44.39% |
| Gross Profit | $404.7K | $349.3K |
| YoY Change | 15.88% | -9.05% |
| Gross Profit Margin | 86.0% | 82.62% |
| Selling, General & Admin | $251.0K | $238.0K |
| YoY Change | 5.46% | -7.66% |
| % of Gross Profit | 62.02% | 68.14% |
| Research & Development | $47.02K | $39.54K |
| YoY Change | 18.92% | 27.26% |
| % of Gross Profit | 11.62% | 11.32% |
| Depreciation & Amortization | $960.00 | $450.00 |
| YoY Change | 113.33% | -99.04% |
| % of Gross Profit | 0.24% | 0.13% |
| Operating Expenses | $299.0K | $278.0K |
| YoY Change | 7.55% | -17.14% |
| Operating Profit | $105.8K | $71.27K |
| YoY Change | 48.38% | 46.89% |
| Interest Expense | -$100.00 | |
| YoY Change | ||
| % of Operating Profit | -0.09% | |
| Other Income/Expense, Net | -$101.00 | -$150.00 |
| YoY Change | -32.67% | -87.39% |
| Pretax Income | $105.7K | $71.12K |
| YoY Change | 48.57% | 50.3% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $105.7K | $71.12K |
| YoY Change | 48.57% | 1124.1% |
| Net Earnings / Revenue | 22.45% | 16.82% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $462.70 | $317.20 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 228.6M shares | |
| Diluted Shares Outstanding | 599.7M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $383.8K | $105.2K |
| YoY Change | 264.84% | -4.32% |
| Cash & Equivalents | $383.8K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $36.04K | $50.63K |
| YoY Change | -28.82% | |
| Inventory | $19.25K | $6.990K |
| Prepaid Expenses | ||
| Receivables | $290.8K | $156.1K |
| Other Receivables | $0.00 | $25.00K |
| Total Short-Term Assets | $729.9K | $343.9K |
| YoY Change | 112.23% | 44.42% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $14.68K | $7.530K |
| YoY Change | 94.95% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $67.97K | $24.02K |
| YoY Change | 182.97% | -95.34% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $729.9K | $343.9K |
| Total Long-Term Assets | $67.97K | $24.02K |
| Total Assets | $797.9K | $367.9K |
| YoY Change | 116.85% | -51.14% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $153.0K | $231.8K |
| YoY Change | -33.98% | 6.5% |
| Accrued Expenses | $0.00 | |
| YoY Change | -100.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | |
| YoY Change | -100.0% | |
| Total Short-Term Liabilities | $939.8K | $934.9K |
| YoY Change | 0.53% | -14.19% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $106.7K |
| YoY Change | -100.0% | 369.14% |
| Other Long-Term Liabilities | $144.4K | $6.600K |
| YoY Change | 2087.88% | -72.87% |
| Total Long-Term Liabilities | $144.4K | $113.3K |
| YoY Change | 27.42% | 140.72% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $939.8K | $934.9K |
| Total Long-Term Liabilities | $144.4K | $113.3K |
| Total Liabilities | $1.084M | $1.048M |
| YoY Change | 3.44% | -7.77% |
| 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 | -$286.4K | -$680.3K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $797.9K | $367.9K |
| YoY Change | 116.85% | -51.14% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $105.7K | $71.12K |
| YoY Change | 48.57% | 1124.1% |
| Depreciation, Depletion And Amortization | $960.00 | $450.00 |
| YoY Change | 113.33% | -99.04% |
| Cash From Operating Activities | $5.680K | $79.58K |
| YoY Change | -92.86% | -55.25% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | $0.00 | |
| 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 | 0.000 | -32.83K |
| YoY Change | -100.0% | -51.89% |
| NET CHANGE | ||
| Cash From Operating Activities | 5.680K | 79.58K |
| Cash From Investing Activities | 0.000 | |
| Cash From Financing Activities | 0.000 | -32.83K |
| Net Change In Cash | 5.680K | 46.75K |
| YoY Change | -87.85% | -57.35% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $5.680K | $79.58K |
| Capital Expenditures | $0.00 | |
| Free Cash Flow | $5.680K | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
USD | ||
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
|
USD | |
| us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | ||
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| dei |
Entity File Number
EntityFileNumber
|
000-55329 | ||
| CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
228120695 | shares |
| CY2021Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
228578995 | shares |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
USD |
