2022 Q4 Form 10-K Financial Statement

#000119312523087999 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $462.0K
YoY Change
Gross Profit -$462.0K
YoY Change
Gross Profit Margin
Selling, General & Admin $209.2K $1.028M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $216.0K $1.063M
YoY Change 11835.91% 2063.03%
Operating Profit -$1.063M
YoY Change
Interest Expense $1.754M $3.120M
YoY Change
% of Operating Profit
Other Income/Expense, Net $10.00 $3.120M
YoY Change
Pretax Income $1.538M $2.057M
YoY Change -85074.59% -4285.68%
Income Tax
% Of Pretax Income
Net Earnings $1.538M $2.057M
YoY Change -85074.59% -4285.67%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.06 $0.09
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $195.0M $195.0M
YoY Change 974961700.0% 974961700.0%
Cash & Equivalents $224.5K
Short-Term Investments $194.8M $194.8M
Other Short-Term Assets $494.8K $494.8K
YoY Change
Inventory
Prepaid Expenses $494.8K
Receivables
Other Receivables $28.46K
Total Short-Term Assets $195.5M $195.5M
YoY Change 977578225.0% 977578250.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $195.5M $195.5M
Total Long-Term Assets $0.00 $0.00
Total Assets $195.5M $195.5M
YoY Change 23105.51% 23105.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.185K $8.190K
YoY Change
Accrued Expenses $308.0K $587.6K
YoY Change 526.28% -20.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.237M $7.237M
YoY Change 735.02% 735.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.237M $7.237M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $7.237M $7.237M
YoY Change 735.02% 735.03%
SHAREHOLDERS EQUITY
Retained Earnings -$6.490M
YoY Change 13102.94%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.489M $188.3M
YoY Change
Total Liabilities & Shareholders Equity $195.5M $195.5M
YoY Change 23105.51% 23105.51%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.538M $2.057M
YoY Change -85074.59% -4285.67%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $355.1K -$1.294M
YoY Change 1775400.0% -6472395.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$191.6M
YoY Change
Cash From Investing Activities $0.00 -$191.6M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $189.8M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -410.9K 193.2M
YoY Change
NET CHANGE
Cash From Operating Activities 355.1K -1.294M
Cash From Investing Activities 0.000 -191.6M
Cash From Financing Activities -410.9K 193.2M
Net Change In Cash -55.85K 224.5K
YoY Change -279350.0% 1122170.0%
FREE CASH FLOW
Cash From Operating Activities $355.1K -$1.294M
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. </div></div>
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