2021 Q4 Form 10-K Financial Statement
#000149315222007551 Filed on March 23, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $0.00 | $2.010M | |
| YoY Change | -100.0% | -69.36% | |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | -$1.062M | $5.427M | $5.290M |
| YoY Change | -205.15% | 2.59% | 8.85% |
| % of Gross Profit | |||
| Research & Development | $4.764M | $8.794M | $6.310M |
| YoY Change | 391.13% | 39.37% | 57.75% |
| % of Gross Profit | |||
| Depreciation & Amortization | $48.00K | $190.0K | $160.0K |
| YoY Change | -4.0% | 18.75% | 60.0% |
| % of Gross Profit | |||
| Operating Expenses | $3.702M | $14.22M | $11.60M |
| YoY Change | 86.97% | 22.59% | 30.78% |
| Operating Profit | -$14.22M | ||
| YoY Change | |||
| Interest Expense | $17.00K | $36.00K | -$60.00K |
| YoY Change | -156.67% | -160.0% | -125.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $36.00K | ||
| YoY Change | |||
| Pretax Income | -$3.685M | -$14.19M | -$9.650M |
| YoY Change | 147.32% | 46.99% | -79.97% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$3.685M | -$14.19M | -$9.650M |
| YoY Change | 147.32% | 46.99% | -79.97% |
| Net Earnings / Revenue | -480.1% | ||
| Basic Earnings Per Share | -$0.16 | ||
| Diluted Earnings Per Share | -$37.77K | -$160.5K | -$174.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.364M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $58.71M | $58.71M | $33.00M |
| YoY Change | 77.89% | 77.89% | 345.95% |
| Cash & Equivalents | $58.71M | $58.71M | $33.00M |
| Short-Term Investments | |||
| Other Short-Term Assets | $618.0K | $618.0K | $500.0K |
| YoY Change | 23.6% | 23.6% | 66.67% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $0.00 | $600.0K | |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $59.32M | $59.32M | $34.00M |
| YoY Change | 74.48% | 74.48% | 309.64% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $453.0K | $931.0K | $1.100M |
| YoY Change | -58.82% | -15.36% | 0.0% |
| Goodwill | $19.09M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $46.00K | $46.00K | $0.00 |
| YoY Change | -100.0% | ||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $20.07M | $20.07M | $20.20M |
| YoY Change | -0.65% | -0.65% | 0.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $59.32M | $59.32M | $34.00M |
| Total Long-Term Assets | $20.07M | $20.07M | $20.20M |
| Total Assets | $79.39M | $79.39M | $54.20M |
| YoY Change | 46.48% | 46.48% | 90.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $578.0K | $578.0K | $700.0K |
| YoY Change | -17.43% | -17.43% | -53.33% |
| Accrued Expenses | $928.0K | $928.0K | $600.0K |
| YoY Change | 54.67% | 54.67% | -14.29% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $27.00K | $27.00K | $0.00 |
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $1.545M | $1.545M | $1.400M |
| YoY Change | 10.36% | 10.36% | -39.13% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $7.000K | $7.000K | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $291.0K | $291.0K | $300.0K |
| YoY Change | -3.0% | -3.0% | -40.0% |
| Total Long-Term Liabilities | $298.0K | $298.0K | $300.0K |
| YoY Change | -0.67% | -0.67% | -40.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.545M | $1.545M | $1.400M |
| Total Long-Term Liabilities | $298.0K | $298.0K | $300.0K |
| Total Liabilities | $1.843M | $1.843M | $1.700M |
| YoY Change | 8.41% | 8.41% | -39.29% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$259.1M | ||
| YoY Change | |||
| Common Stock | $336.6M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $77.55M | $77.55M | $52.50M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $79.39M | $79.39M | $54.20M |
| YoY Change | 46.48% | 46.48% | 90.18% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$3.685M | -$14.19M | -$9.650M |
| YoY Change | 147.32% | 46.99% | -79.97% |
| Depreciation, Depletion And Amortization | $48.00K | $190.0K | $160.0K |
| YoY Change | -4.0% | 18.75% | 60.0% |
| Cash From Operating Activities | -$2.922M | -$12.72M | -$9.830M |
| YoY Change | 22.77% | 29.39% | 530.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$8.000K | -$52.00K | -$240.0K |
| YoY Change | -78.33% | 60.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$8.000K | -$52.00K | -$240.0K |
| YoY Change | -78.33% | 60.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -9.000K | 38.47M | 35.66M |
| YoY Change | -100.25% | 7.87% | 455.45% |
| NET CHANGE | |||
| Cash From Operating Activities | -2.922M | -12.72M | -9.830M |
| Cash From Investing Activities | -8.000K | -52.00K | -240.0K |
| Cash From Financing Activities | -9.000K | 38.47M | 35.66M |
| Net Change In Cash | -2.939M | 25.70M | 25.59M |
| YoY Change | -338.94% | 0.41% | 443.31% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.922M | -$12.72M | -$9.830M |
| Capital Expenditures | -$8.000K | -$52.00K | -$240.0K |
| Free Cash Flow | -$2.914M | -$12.67M | -$9.590M |
| YoY Change | 22.44% | 32.09% | 580.14% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2020 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
| CY2021 | COCP |
Increase Decrease In Deposits Assets
IncreaseDecreaseInDepositsAssets
|
USD | |
| CY2021 | COCP |
Recognition Of Finance Lease Rightofuse Asset And Liability
RecognitionOfFinanceLeaseRightofuseAssetAndLiability
|
USD | |
| CY2020 | COCP |
Recognition Of Operating Lease Rightofuse Assets And Operating Lease Liabilities
RecognitionOfOperatingLeaseRightofuseAssetsAndOperatingLeaseLiabilities
|
USD | |
| CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
USD | |
| CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
USD | |
| CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
USD | |
| CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
USD | |
| CY2021Q4 | COCP |
Finance Lease Liability Payments Due Year Four And Thereafter
FinanceLeaseLiabilityPaymentsDueYearFourAndThereafter
|
USD |
