2022 Q1 Form 10-Q Financial Statement
#000149315222012169 Filed on May 05, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $813.5K | $523.4K |
| YoY Change | 55.43% | |
| Cost Of Revenue | $726.2K | $316.7K |
| YoY Change | 129.3% | |
| Gross Profit | $87.32K | $206.7K |
| YoY Change | -57.76% | |
| Gross Profit Margin | 10.73% | 39.49% |
| Selling, General & Admin | $1.305M | $4.367M |
| YoY Change | -70.11% | 1455686.67% |
| % of Gross Profit | 1495.04% | 2112.9% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $17.73K | $6.940K |
| YoY Change | 155.48% | |
| % of Gross Profit | 20.3% | 3.36% |
| Operating Expenses | $1.305M | $4.367M |
| YoY Change | -70.11% | 1455690.0% |
| Operating Profit | -$1.218M | -$4.161M |
| YoY Change | -70.72% | |
| Interest Expense | -$930.4K | -$1.287M |
| YoY Change | -27.68% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$54.23K | |
| YoY Change | ||
| Pretax Income | -$3.498M | -$5.799M |
| YoY Change | -39.67% | 1932760.0% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.498M | -$5.799M |
| YoY Change | -39.67% | 1932759.33% |
| Net Earnings / Revenue | -430.02% | -1107.91% |
| Basic Earnings Per Share | -$0.03 | |
| Diluted Earnings Per Share | -$32.17K | -$62.13K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 108.8M shares | |
| Diluted Shares Outstanding | 108.8M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $80.98K | $1.938M |
| YoY Change | -95.82% | |
| Cash & Equivalents | $80.98K | $1.938M |
| Short-Term Investments | ||
| Other Short-Term Assets | $54.00K | $400.0K |
| YoY Change | -86.5% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $118.7K | $47.83K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $253.7K | $2.386M |
| YoY Change | -89.37% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $59.14K | $63.08K |
| YoY Change | -6.25% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $601.5K | $142.7K |
| YoY Change | 321.39% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $253.7K | $2.386M |
| Total Long-Term Assets | $601.5K | $142.7K |
| Total Assets | $855.2K | $2.529M |
| YoY Change | -66.18% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $244.4K | $434.5K |
| YoY Change | -43.75% | 2211.33% |
| Accrued Expenses | $1.518M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $7.515M | $661.6K |
| YoY Change | 1035.86% | 2285.11% |
| Long-Term Debt Due | $2.552M | |
| YoY Change | ||
| Total Short-Term Liabilities | $10.85M | $4.937M |
| YoY Change | 119.75% | 10508.47% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.259M | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $1.259M | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $10.85M | $4.937M |
| Total Long-Term Liabilities | $1.259M | $0.00 |
| Total Liabilities | $12.11M | $4.937M |
| YoY Change | 145.25% | 10508.47% |
| 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 | -$11.25M | -$2.408M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $855.2K | $2.529M |
| YoY Change | -66.18% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.498M | -$5.799M |
| YoY Change | -39.67% | 1932759.33% |
| Depreciation, Depletion And Amortization | $17.73K | $6.940K |
| YoY Change | 155.48% | |
| Cash From Operating Activities | -$881.6K | -$1.628M |
| YoY Change | -45.85% | 13190.78% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$6.990K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $80.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$93.49K | -$6.910K |
| YoY Change | 1252.97% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 756.6K | 3.536M |
| YoY Change | -78.6% | 28761.22% |
| NET CHANGE | ||
| Cash From Operating Activities | -881.6K | -1.628M |
| Cash From Investing Activities | -93.49K | -6.910K |
| Cash From Financing Activities | 756.6K | 3.536M |
| Net Change In Cash | -218.5K | 1.900M |
| YoY Change | -111.5% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$881.6K | -$1.628M |
| Capital Expenditures | -$6.990K | |
| Free Cash Flow | -$881.6K | -$1.621M |
| YoY Change | -45.62% |
Facts In Submission
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Commitments And Contingencies
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