2022 Q1 Form 10-Q Financial Statement
#000138713122006495 Filed on May 26, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $2.319M | $2.365M |
| YoY Change | -1.94% | 38.07% |
| Cost Of Revenue | $737.5K | $721.6K |
| YoY Change | 2.2% | -0.18% |
| Gross Profit | $1.582M | $1.643M |
| YoY Change | -3.76% | 66.0% |
| Gross Profit Margin | 68.2% | 69.49% |
| Selling, General & Admin | $1.128M | $824.3K |
| YoY Change | 36.89% | -1.26% |
| % of Gross Profit | 71.35% | 50.16% |
| Research & Development | $497.3K | $386.1K |
| YoY Change | 28.79% | 2.94% |
| % of Gross Profit | 31.44% | 23.49% |
| Depreciation & Amortization | $149.4K | $162.8K |
| YoY Change | -8.25% | -8.02% |
| % of Gross Profit | 9.45% | 9.91% |
| Operating Expenses | $1.905M | $1.417M |
| YoY Change | 34.42% | 2.17% |
| Operating Profit | -$323.2K | $226.3K |
| YoY Change | -242.85% | -157.0% |
| Interest Expense | -$2.022M | -$2.714M |
| YoY Change | -25.5% | 6.47% |
| % of Operating Profit | -1199.36% | |
| Other Income/Expense, Net | $0.00 | $270.00 |
| YoY Change | -100.0% | -81.25% |
| Pretax Income | -$2.345M | -$2.487M |
| YoY Change | -5.72% | -15.53% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.345M | -$2.487M |
| YoY Change | -5.72% | -15.53% |
| Net Earnings / Revenue | -101.12% | -105.17% |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$16.82K | -$17.85K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 141.9M shares | |
| Diluted Shares Outstanding | 141.9M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $764.7K | $355.4K |
| YoY Change | 115.14% | -39.69% |
| Cash & Equivalents | $764.7K | $355.4K |
| Short-Term Investments | ||
| Other Short-Term Assets | $122.4K | $110.1K |
| YoY Change | 11.18% | -36.6% |
| Inventory | $269.9K | $384.4K |
| Prepaid Expenses | ||
| Receivables | $1.091M | $1.151M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.248M | $2.001M |
| YoY Change | 12.36% | -14.09% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.531M | $2.077M |
| YoY Change | -26.31% | -18.79% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $283.4K | $183.6K |
| YoY Change | 54.37% | -13.13% |
| Total Long-Term Assets | $2.766M | $3.145M |
| YoY Change | -12.06% | -14.34% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.248M | $2.001M |
| Total Long-Term Assets | $2.766M | $3.145M |
| Total Assets | $5.014M | $5.146M |
| YoY Change | -2.57% | -14.24% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $453.9K | $112.8K |
| YoY Change | 302.4% | -67.08% |
| Accrued Expenses | $11.47M | $8.172M |
| YoY Change | 40.38% | 5834.14% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $700.0K | $700.0K |
| YoY Change | 0.0% | |
| Long-Term Debt Due | $20.00M | $20.11M |
| YoY Change | -0.57% | -4.28% |
| Total Short-Term Liabilities | $34.08M | $29.52M |
| YoY Change | 15.45% | 10.21% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $85.24M | $80.79M |
| YoY Change | 5.51% | 10.26% |
| Other Long-Term Liabilities | $446.6K | $534.3K |
| YoY Change | -16.42% | -11.93% |
| Total Long-Term Liabilities | $85.69M | $81.33M |
| YoY Change | 5.36% | 10.08% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $34.08M | $29.52M |
| Total Long-Term Liabilities | $85.69M | $81.33M |
| Total Liabilities | $119.8M | $110.8M |
| YoY Change | 8.05% | 10.11% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$200.2M | |
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$114.7M | -$105.7M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $5.014M | $5.146M |
| YoY Change | -2.57% | -14.24% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.345M | -$2.487M |
| YoY Change | -5.72% | -15.53% |
| Depreciation, Depletion And Amortization | $149.4K | $162.8K |
| YoY Change | -8.25% | -8.02% |
| Cash From Operating Activities | $178.9K | $47.49K |
| YoY Change | 276.71% | -139.49% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$56.11K | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$56.11K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -17.31K | -50.00K |
| YoY Change | -65.38% | -109.09% |
| NET CHANGE | ||
| Cash From Operating Activities | 178.9K | 47.49K |
| Cash From Investing Activities | -56.11K | |
| Cash From Financing Activities | -17.31K | -50.00K |
| Net Change In Cash | 105.5K | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $178.9K | $47.49K |
| Capital Expenditures | -$56.11K | $0.00 |
| Free Cash Flow | $235.0K | $47.49K |
| YoY Change | 394.86% | -360.5% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1394694 | USD |
| CY2022Q1 | crvw |
Additions To Deferred Costs
AdditionsToDeferredCosts
|
USD | |
| CY2021Q1 | crvw |
Additions To Deferred Costs
AdditionsToDeferredCosts
|
USD | |
| CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-200235054 | USD |
| CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-323224 | USD |
| CY2022Q1 | us-gaap |
Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
|
USD | |
| CY2020Q1 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P5Y | |
| CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
578298 | USD |
| CY2022Q1 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
139041 | USD |
| CY2021Q4 | us-gaap |
Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
|
103791 | USD |
| CY2022Q1 | us-gaap |
Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
USD | |
| CY2022Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
USD | |
| CY2022Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
USD |
