2021 Form 10-K Financial Statement
#000166357721000668 Filed on December 14, 2021
Income Statement
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| Revenue | $49.44M | $1.950M | $10.03M |
| YoY Change | 392.9% | -15.95% | 121.41% |
| Cost Of Revenue | $13.96M | $1.180M | $7.910M |
| YoY Change | 76.55% | -42.16% | 104.92% |
| Gross Profit | $35.47M | $780.0K | $2.120M |
| YoY Change | 1573.27% | 178.57% | 216.42% |
| Gross Profit Margin | 71.75% | 40.0% | 21.14% |
| Selling, General & Admin | $38.92M | $7.680M | $14.43M |
| YoY Change | 169.72% | 260.56% | 105.85% |
| % of Gross Profit | 109.72% | 984.62% | 680.66% |
| Research & Development | $160.0K | $0.00 | |
| YoY Change | |||
| % of Gross Profit | 20.51% | 0.0% | |
| Depreciation & Amortization | $12.24M | $710.0K | $2.830M |
| YoY Change | 332.66% | -31.73% | -15.52% |
| % of Gross Profit | 34.52% | 91.03% | 133.49% |
| Operating Expenses | $51.16M | $8.510M | $17.26M |
| YoY Change | 196.43% | 168.45% | 66.28% |
| Operating Profit | -$15.69M | -$7.730M | -$15.14M |
| YoY Change | 3.64% | 167.47% | 55.92% |
| Interest Expense | $3.032M | $680.0K | -$8.220M |
| YoY Change | -136.88% | -129.69% | -13.29% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $629.0K | $0.00 | $20.00K |
| YoY Change | 3044.9% | ||
| Pretax Income | -$21.81M | -$7.060M | -$23.35M |
| YoY Change | -6.59% | -41.65% | -10.6% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$21.81M | -$7.060M | -$23.35M |
| YoY Change | -6.59% | -41.65% | -10.6% |
| Net Earnings / Revenue | -44.12% | -362.05% | -232.8% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$740.9K | -$410.7K | -$2.445M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 29.44M | ||
| Diluted Shares Outstanding | 29.44M |
Balance Sheet
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $18.53M | $3.600M | $3.630M |
| YoY Change | 410.6% | -53.85% | -53.7% |
| Cash & Equivalents | $3.126M | ||
| Short-Term Investments | $494.6K | $500.0K | $500.0K |
| Other Short-Term Assets | $33.90M | $3.580M | |
| YoY Change | 846.89% | 195.87% | |
| Inventory | $2.673M | ||
| Prepaid Expenses | |||
| Receivables | $2.620M | $1.100M | $1.050M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $57.73M | $8.300M | $8.250M |
| YoY Change | 599.71% | -16.16% | -16.5% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $139.1M | $200.0K | $160.0K |
| YoY Change | 86825.69% | 100.0% | 6.67% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $88.84M | ||
| YoY Change | |||
| Total Long-Term Assets | $259.7M | $14.00M | $14.09M |
| YoY Change | 1743.48% | 3.7% | 3.99% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $57.73M | $8.300M | $8.250M |
| Total Long-Term Assets | $259.7M | $14.00M | $14.09M |
| Total Assets | $317.5M | $22.30M | $22.34M |
| YoY Change | 1321.1% | -4.7% | -4.65% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $7.975M | $4.500M | $4.530M |
| YoY Change | 76.05% | 462.5% | 432.94% |
| Accrued Expenses | $256.2K | $0.00 | $40.00K |
| YoY Change | 540.5% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $413.8K | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Total Short-Term Liabilities | $10.06M | $5.400M | $5.380M |
| YoY Change | 87.04% | 260.0% | 258.67% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $458.3K | $500.0K | $530.0K |
| YoY Change | -13.53% | -83.33% | -82.62% |
| Other Long-Term Liabilities | $1.235M | ||
| YoY Change | |||
| Total Long-Term Liabilities | $1.694M | $500.0K | $530.0K |
| YoY Change | 219.55% | -83.33% | -82.62% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $10.06M | $5.400M | $5.380M |
| Total Long-Term Liabilities | $1.694M | $500.0K | $530.0K |
| Total Liabilities | $11.76M | $5.900M | $5.910M |
| YoY Change | 98.93% | 31.11% | 29.89% |
| 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 | $305.7M | $16.43M | $16.43M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $317.5M | $22.30M | $22.34M |
| YoY Change | 1321.1% | -4.7% | -4.65% |
Cashflow Statement
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$21.81M | -$7.060M | -$23.35M |
| YoY Change | -6.59% | -41.65% | -10.6% |
| Depreciation, Depletion And Amortization | $12.24M | $710.0K | $2.830M |
| YoY Change | 332.66% | -31.73% | -15.52% |
| Cash From Operating Activities | -$35.43M | -$2.960M | -$6.640M |
| YoY Change | 433.57% | -3388.89% | 16.49% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$139.2M | $0.00 | -$30.00K |
| YoY Change | 464016.5% | -100.0% | -70.0% |
| Acquisitions | $0.00 | ||
| YoY Change | |||
| Other Investing Activities | -$78.48M | $290.0K | -$2.350M |
| YoY Change | 3239.57% | 312.28% | |
| Cash From Investing Activities | -$217.7M | $290.0K | -$2.380M |
| YoY Change | 9047.69% | -514.29% | 255.22% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 268.1M | 3.850M | 4.310M |
| YoY Change | 6119.45% | -2126.32% | -68.77% |
| NET CHANGE | |||
| Cash From Operating Activities | -35.43M | -2.960M | -6.640M |
| Cash From Investing Activities | -217.7M | 290.0K | -2.380M |
| Cash From Financing Activities | 268.1M | 3.850M | 4.310M |
| Net Change In Cash | 14.91M | 1.180M | -4.710M |
| YoY Change | -416.65% | -794.12% | -163.39% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$35.43M | -$2.960M | -$6.640M |
| Capital Expenditures | -$139.2M | $0.00 | -$30.00K |
| Free Cash Flow | $103.8M | -$2.960M | -$6.610M |
| YoY Change | -1670.43% | -1950.0% | 18.04% |
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