2021 Form 10-K Financial Statement
#000121390022016151 Filed on March 30, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $9.642M | $10.87M |
| YoY Change | -11.27% | -0.53% |
| Cost Of Revenue | $9.293M | $8.914M |
| YoY Change | 4.25% | -5.59% |
| Gross Profit | $349.3K | $1.953M |
| YoY Change | -82.12% | 31.76% |
| Gross Profit Margin | 3.62% | 17.97% |
| Selling, General & Admin | $2.853M | $4.153M |
| YoY Change | -31.31% | -10.59% |
| % of Gross Profit | 816.76% | 212.67% |
| Research & Development | $319.0K | $378.0K |
| YoY Change | -15.61% | 64.59% |
| % of Gross Profit | 91.32% | 19.35% |
| Depreciation & Amortization | $3.088M | $2.679M |
| YoY Change | 15.24% | -8.51% |
| % of Gross Profit | 884.08% | 137.2% |
| Operating Expenses | $3.210M | $4.531M |
| YoY Change | -29.16% | -7.05% |
| Operating Profit | -$2.861M | -$2.578M |
| YoY Change | 10.95% | -24.01% |
| Interest Expense | -$539.0K | -$288.5K |
| YoY Change | 86.83% | -1.94% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$539.0K | |
| YoY Change | ||
| Pretax Income | -$3.399M | -$2.867M |
| YoY Change | 18.58% | -86.15% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.399M | -$2.867M |
| YoY Change | 18.58% | -86.15% |
| Net Earnings / Revenue | -35.26% | -26.38% |
| Basic Earnings Per Share | -$0.74 | |
| Diluted Earnings Per Share | -$73.69K | -$65.72K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.613M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.859M | $957.7K |
| YoY Change | 407.39% | -10.91% |
| Cash & Equivalents | $4.859M | $957.7K |
| Short-Term Investments | ||
| Other Short-Term Assets | $58.79K | $73.67K |
| YoY Change | -20.2% | -60.61% |
| Inventory | $3.340M | $3.705M |
| Prepaid Expenses | ||
| Receivables | $714.5K | $501.9K |
| Other Receivables | $121.4K | $83.63K |
| Total Short-Term Assets | $9.093M | $5.322M |
| YoY Change | 70.87% | -4.61% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $13.41M | $15.61M |
| YoY Change | -14.12% | -5.09% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $13.56M | $15.80M |
| YoY Change | -14.18% | -5.16% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.093M | $5.322M |
| Total Long-Term Assets | $13.56M | $15.80M |
| Total Assets | $22.65M | $21.12M |
| YoY Change | 7.25% | -5.02% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $926.8K | $1.235M |
| YoY Change | -24.93% | -9.64% |
| Accrued Expenses | $383.7K | $229.4K |
| YoY Change | 67.25% | -18.41% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $4.329M | $2.038M |
| YoY Change | 112.37% | 1754.56% |
| Long-Term Debt Due | $0.00 | $2.299M |
| YoY Change | -100.0% | 6.92% |
| Total Short-Term Liabilities | $10.51M | $11.40M |
| YoY Change | -7.81% | 13.52% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $5.250M | $904.2K |
| YoY Change | 480.6% | -57.95% |
| Other Long-Term Liabilities | $44.18K | $0.00 |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $5.294M | $904.2K |
| YoY Change | 485.49% | -58.88% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $10.51M | $11.40M |
| Total Long-Term Liabilities | $5.294M | $904.2K |
| Total Liabilities | $16.63M | $13.11M |
| YoY Change | 26.83% | 0.89% |
| 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 | $6.018M | $8.005M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $22.65M | $21.12M |
| YoY Change | 7.25% | -5.02% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.399M | -$2.867M |
| YoY Change | 18.58% | -86.15% |
| Depreciation, Depletion And Amortization | $3.088M | $2.679M |
| YoY Change | 15.24% | -8.51% |
| Cash From Operating Activities | -$249.8K | -$42.26K |
| YoY Change | 491.2% | -106.95% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$438.1K | -$867.3K |
| YoY Change | -49.49% | 537.73% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$438.1K | -$867.3K |
| YoY Change | -49.49% | 537.73% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 4.598M | 624.2K |
| YoY Change | 636.6% | -136.11% |
| NET CHANGE | ||
| Cash From Operating Activities | -249.8K | -42.26K |
| Cash From Investing Activities | -438.1K | -867.3K |
| Cash From Financing Activities | 4.598M | 624.2K |
| Net Change In Cash | 3.910M | -285.4K |
| YoY Change | -1470.0% | -77.29% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$249.8K | -$42.26K |
| Capital Expenditures | -$438.1K | -$867.3K |
| Free Cash Flow | $188.2K | $825.1K |
| YoY Change | -77.19% | 10.85% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001106644 | |
| CY2021Q4 | us-gaap |
Long Term Construction Loan Current
LongTermConstructionLoanCurrent
|
USD | |
| CY2020 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
USD | |
| CY2020 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
USD | |
| CY2020 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
USD | |
| CY2021 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD |
