2021 Form 10-K Financial Statement
#000149315222006549 Filed on March 10, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $434.6K | $3.900K | $14.40K |
| YoY Change | 2917.71% | -77.46% | -78.1% |
| Cost Of Revenue | $273.8K | ||
| YoY Change | |||
| Gross Profit | $160.8K | $14.40K | |
| YoY Change | 1016.32% | -59.14% | |
| Gross Profit Margin | 36.99% | 100.0% | |
| Selling, General & Admin | $2.207M | $557.4K | $3.072M |
| YoY Change | -28.14% | -23.31% | 77.74% |
| % of Gross Profit | 1373.17% | 21330.56% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $32.50K | ||
| YoY Change | |||
| % of Gross Profit | 20.22% | ||
| Operating Expenses | $2.240M | $557.4K | $3.072M |
| YoY Change | -27.08% | -23.9% | 75.45% |
| Operating Profit | -$2.079M | -$3.057M | |
| YoY Change | -31.99% | 78.22% | |
| Interest Expense | -$16.37K | -$3.860K | -$68.04K |
| YoY Change | -75.94% | -95.1% | -22.3% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $1.310M | $50.43K | $307.5K |
| YoY Change | 325.94% | -158.67% | -446.03% |
| Pretax Income | -$785.6K | -$506.9K | -$2.818M |
| YoY Change | -72.12% | -42.39% | 48.94% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$785.6K | -$506.9K | -$2.818M |
| YoY Change | -72.12% | -42.5% | 55.79% |
| Net Earnings / Revenue | -180.79% | -12997.69% | -19567.5% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$35.61K | -$23.68K | -$131.7K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 22.06M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $75.70K | $26.33K | $26.33K |
| YoY Change | 187.5% | 1535.4% | 1535.4% |
| Cash & Equivalents | $75.70K | $26.33K | $26.33K |
| Short-Term Investments | |||
| Other Short-Term Assets | $86.18K | ||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $0.00 | $3.900K | $3.900K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $161.9K | $30.23K | $30.23K |
| YoY Change | 435.49% | 1777.64% | 1777.64% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $1.358M | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $161.9K | $30.23K | $30.23K |
| Total Long-Term Assets | $1.358M | $0.00 | $0.00 |
| Total Assets | $1.520M | $30.23K | $30.23K |
| YoY Change | 4927.62% | 1777.64% | 1777.64% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.934M | $1.930M | $1.933M |
| YoY Change | 0.03% | 22.57% | 22.78% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Long-Term Debt Due | $444.5K | $300.0K | $300.0K |
| YoY Change | 48.17% | ||
| Total Short-Term Liabilities | $2.378M | $2.233M | $2.233M |
| YoY Change | 6.49% | 19.03% | 19.03% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $157.4K | $192.6K | $192.6K |
| YoY Change | -18.29% | 156.79% | 156.79% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $157.4K | $192.6K | $192.6K |
| YoY Change | -18.29% | 156.79% | 156.79% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.378M | $2.233M | $2.233M |
| Total Long-Term Liabilities | $157.4K | $192.6K | $192.6K |
| Total Liabilities | $2.536M | $2.426M | $2.426M |
| YoY Change | 4.53% | 24.33% | 24.33% |
| 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 | -$1.016M | -$2.396M | -$2.396M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.520M | $30.23K | $30.23K |
| YoY Change | 4927.62% | 1777.64% | 1777.64% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$785.6K | -$506.9K | -$2.818M |
| YoY Change | -72.12% | -42.5% | 55.79% |
| Depreciation, Depletion And Amortization | $32.50K | ||
| YoY Change | |||
| Cash From Operating Activities | -$152.2K | -$88.01K | -$302.8K |
| YoY Change | -49.72% | 61.19% | -73.79% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$786.2K | $0.00 | $209.9K |
| YoY Change | -474.46% | -100.0% | -80.55% |
| Cash From Investing Activities | -$786.2K | $0.00 | $209.9K |
| YoY Change | -474.46% | -100.0% | -80.55% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 987.8K | 0.000 | 117.6K |
| YoY Change | 740.01% | -100.0% | 56.79% |
| NET CHANGE | |||
| Cash From Operating Activities | -152.2K | -88.01K | -302.8K |
| Cash From Investing Activities | -786.2K | 0.000 | 209.9K |
| Cash From Financing Activities | 987.8K | 0.000 | 117.6K |
| Net Change In Cash | 49.38K | -88.01K | 24.72K |
| YoY Change | 99.76% | -108.0% | -3078.31% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$152.2K | -$88.01K | -$302.8K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
USD | |
| CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
USD | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
USD | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
| CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
USD | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
USD | |
| CY2020 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
USD | |
| CY2021 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
USD | |
| CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
USD | |
| CY2021 | CRCW |
Financing Costs Associated With Convertible Debt
FinancingCostsAssociatedWithConvertibleDebt
|
USD | |
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
USD | |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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| CY2020 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
USD | |
| CY2021 | CRCW |
Proceeds From Sales Of Cryptocurrency
ProceedsFromSalesOfCryptocurrency
|
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| CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
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| CY2020 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD |
