2022 Q1 Form 10-Q Financial Statement

#000117184322003730 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $7.652M $8.396M
YoY Change -8.86% 91.51%
Cost Of Revenue $7.518M $9.113M
YoY Change -17.5% 161.49%
Gross Profit $134.0K -$717.0K
YoY Change -118.69% -179.76%
Gross Profit Margin 1.75% -8.54%
Selling, General & Admin $1.617M $1.024M
YoY Change 57.91% -65.42%
% of Gross Profit 1206.72%
Research & Development $68.00K $70.00K
YoY Change -2.86% -67.29%
% of Gross Profit 50.75%
Depreciation & Amortization $554.0K $112.0K
YoY Change 394.64% -45.89%
% of Gross Profit 413.43%
Operating Expenses $1.685M $1.098M
YoY Change 53.46% -65.42%
Operating Profit -$1.551M -$1.815M
YoY Change -14.55% -20.25%
Interest Expense $46.00K $1.000K
YoY Change 4500.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $832.0K $2.484M
YoY Change -66.51% 5545.45%
Pretax Income -$719.0K $669.0K
YoY Change -207.47% -129.97%
Income Tax -$2.000K -$18.00K
% Of Pretax Income -2.69%
Net Earnings -$717.0K $685.0K
YoY Change -204.67% -129.65%
Net Earnings / Revenue -9.37% 8.16%
Basic Earnings Per Share -$0.02 $0.02
Diluted Earnings Per Share -$20.28K $24.03K
COMMON SHARES
Basic Shares Outstanding 35.35M 28.51M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.824M $15.79M
YoY Change -69.44%
Cash & Equivalents $4.824M $15.79M
Short-Term Investments
Other Short-Term Assets $3.173M $1.765M
YoY Change 79.77% 112.39%
Inventory
Prepaid Expenses
Receivables $3.611M $1.694M
Other Receivables $0.00 $1.765M
Total Short-Term Assets $18.30M $26.54M
YoY Change -31.05% 153.9%
LONG-TERM ASSETS
Property, Plant & Equipment $351.0K $61.00K
YoY Change 475.41% -18.67%
Goodwill
YoY Change
Intangibles $6.989M $3.603M
YoY Change 93.98% 112.19%
Long-Term Investments $2.285M $404.0K
YoY Change 465.59%
Other Assets $521.0K $1.417M
YoY Change -63.23%
Total Long-Term Assets $12.11M $12.09M
YoY Change 0.22% 50.32%
TOTAL ASSETS
Total Short-Term Assets $18.30M $26.54M
Total Long-Term Assets $12.11M $12.09M
Total Assets $30.41M $38.63M
YoY Change -21.26% 108.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $751.0K $1.226M
YoY Change -38.74% 377.04%
Accrued Expenses $533.0K $553.0K
YoY Change -3.62%
Deferred Revenue $1.047M $1.592M
YoY Change -34.23% -24.33%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.379M $18.18M
YoY Change -59.41% 166.62%
LONG-TERM LIABILITIES
Long-Term Debt $138.0K $133.0K
YoY Change 3.76%
Other Long-Term Liabilities $1.853M $1.953M
YoY Change -5.12%
Total Long-Term Liabilities $1.991M $2.086M
YoY Change -4.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.379M $18.18M
Total Long-Term Liabilities $1.991M $2.086M
Total Liabilities $9.370M $20.27M
YoY Change -53.77% 191.91%
SHAREHOLDERS EQUITY
Retained Earnings -$44.45M -$40.30M
YoY Change 10.31% 5.81%
Common Stock $35.00K $31.00K
YoY Change 12.9% 40.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.04M $18.42M
YoY Change
Total Liabilities & Shareholders Equity $30.41M $38.63M
YoY Change -21.26% 108.86%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$717.0K $685.0K
YoY Change -204.67% -129.65%
Depreciation, Depletion And Amortization $554.0K $112.0K
YoY Change 394.64% -45.89%
Cash From Operating Activities -$890.0K -$3.706M
YoY Change -75.98% -344.14%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$1.160M
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$1.458M -$705.0K
YoY Change 106.81%
Cash From Investing Activities -$1.458M -$1.865M
YoY Change -21.82% 66.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 $17.11M
YoY Change -100.0% -4079.3%
NET CHANGE
Cash From Operating Activities -$890.0K -$3.706M
Cash From Investing Activities -$1.458M -$1.865M
Cash From Financing Activities $0.00 $17.11M
Net Change In Cash -$2.349M $11.49M
YoY Change -120.45% -24033.33%
FREE CASH FLOW
Cash From Operating Activities -$890.0K -$3.706M
Capital Expenditures $0.00 -$1.160M
Free Cash Flow -$890.0K -$2.546M
YoY Change -65.04%

Facts In Submission

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<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> <p style="font-family: Times New Roman;font-size: 10pt;font-variant:normal;margin:0pt;"><b><em style="font: inherit;">1.</em></b></p> </td><td style="width: auto;"> <p style="font-family: Times New Roman;font-size: 10pt;font-variant:normal;margin:0pt;"><b>Organization and nature of operations </b></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 18pt;">ZW Data Action Technologies Inc. (the “Company”) was incorporated in the State of Texas in <em style="font: inherit;"> April 2006 </em>and re-domiciled to become a Nevada corporation in <em style="font: inherit;"> October 2006. </em>On <em style="font: inherit;"> June 26, 2009, </em>the Company consummated a share exchange transaction with China Net Online Media Group Limited (the “Share Exchange”), a company organized under the laws of British Virgin Islands (“China Net BVI”). As a result of the Share Exchange, China Net BVI became a wholly owned subsidiary of the Company and the Company is now a holding company, which, through certain contractual arrangements with operating companies in the People’s Republic of China (the “PRC”), is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (<em style="font: inherit;">O2O</em>) advertising and marketing services as well as the related data and technical services to small and medium enterprises (SMEs) in the PRC.</p>
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0001171843-22-003730.txt Edgar Link pending
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cnet-20220331.xsd Edgar Link pending
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cnet-20220331_def.xml Edgar Link unprocessable
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