2022 Q1 Form 10-Q Financial Statement
#000121390022027190 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | $0.00 | |
| YoY Change | -100.0% | |
| Gross Profit | $0.00 | |
| YoY Change | -100.0% | |
| Gross Profit Margin | ||
| Selling, General & Admin | $3.471M | $4.357M |
| YoY Change | -20.34% | 266.16% |
| % of Gross Profit | ||
| Research & Development | $1.096M | $905.2K |
| YoY Change | 21.08% | 182.87% |
| % of Gross Profit | ||
| Depreciation & Amortization | $107.0K | $42.84K |
| YoY Change | 149.77% | 114.2% |
| % of Gross Profit | ||
| Operating Expenses | $4.567M | $5.263M |
| YoY Change | -13.22% | 260.45% |
| Operating Profit | -$4.567M | -$5.263M |
| YoY Change | -13.22% | 224.85% |
| Interest Expense | -$3.000K | -$582.9K |
| YoY Change | -99.49% | 115.87% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$3.000K | -$1.017M |
| YoY Change | -99.71% | 578.13% |
| Pretax Income | -$4.570M | -$20.67M |
| YoY Change | -77.89% | 798.84% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$4.570M | -$20.67M |
| YoY Change | -77.89% | 798.84% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$288.2K | -$1.392M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 15.86M shares | |
| Diluted Shares Outstanding | 15.86M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.513M | $15.30M |
| YoY Change | -83.57% | 30493.84% |
| Cash & Equivalents | $2.513M | $15.30M |
| Short-Term Investments | ||
| Other Short-Term Assets | $774.0K | $345.6K |
| YoY Change | 123.93% | 3356.4% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $3.287M | $15.64M |
| YoY Change | -78.99% | 25970.95% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.069M | $209.1K |
| YoY Change | 1367.51% | 132.37% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $402.0K | $20.37K |
| YoY Change | 1873.49% | |
| Total Long-Term Assets | $5.186M | $1.879M |
| YoY Change | 175.99% | 469.4% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.287M | $15.64M |
| Total Long-Term Assets | $5.186M | $1.879M |
| Total Assets | $8.473M | $17.52M |
| YoY Change | -51.64% | 4392.72% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $330.0K | $285.2K |
| YoY Change | 15.73% | -77.37% |
| Accrued Expenses | $597.0K | $210.9K |
| YoY Change | 183.07% | -82.71% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $8.000K | $438.5K |
| YoY Change | -98.18% | -85.76% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $935.0K | $934.6K |
| YoY Change | 0.05% | -87.29% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.814M | |
| YoY Change | ||
| Total Long-Term Liabilities | $1.814M | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $935.0K | $934.6K |
| Total Long-Term Liabilities | $1.814M | $0.00 |
| Total Liabilities | $2.749M | $934.6K |
| YoY Change | 194.15% | -87.29% |
| 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 | $5.724M | $16.59M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.473M | $17.52M |
| YoY Change | -51.64% | 4392.72% |
Cashflow Statement
Facts In Submission
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|---|---|---|---|---|
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Gain Loss On Sale Of Property Plant Equipment
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Increase Decrease In Accrued Interest
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Repurchase Beneficial Conversion Feature In Connection With Conversion Of Notes Payable
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Reclassifications Of Warrant Liabilities
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Accrued Rent Current
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