2021 Q3 Form 10-Q Financial Statement
#000121390021059345 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| Revenue | $64.32M | $23.03M |
| YoY Change | ||
| Cost Of Revenue | $12.42M | $3.820M |
| YoY Change | ||
| Gross Profit | $51.91M | $19.21M |
| YoY Change | ||
| Gross Profit Margin | 80.69% | 83.41% |
| Selling, General & Admin | $34.12M | $8.790M |
| YoY Change | ||
| % of Gross Profit | 65.74% | 45.76% |
| Research & Development | $16.93M | $4.610M |
| YoY Change | ||
| % of Gross Profit | 32.62% | 24.0% |
| Depreciation & Amortization | $156.0K | $250.0K |
| YoY Change | -67.5% | |
| % of Gross Profit | 0.3% | 1.3% |
| Operating Expenses | $51.05M | $13.40M |
| YoY Change | ||
| Operating Profit | $853.0K | $5.810M |
| YoY Change | ||
| Interest Expense | -$3.878M | -$210.0K |
| YoY Change | ||
| % of Operating Profit | -454.63% | -3.61% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$3.025M | $5.610M |
| YoY Change | ||
| Income Tax | $829.0K | $300.0K |
| % Of Pretax Income | 5.35% | |
| Net Earnings | -$3.854M | $1.880M |
| YoY Change | ||
| Net Earnings / Revenue | -5.99% | 8.16% |
| Basic Earnings Per Share | -$0.45 | |
| Diluted Earnings Per Share | -$32.40K | $0.02 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.85M shares | |
| Diluted Shares Outstanding | 18.85M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $14.47M | |
| YoY Change | ||
| Cash & Equivalents | $14.47M | $15.65M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.966M | $197.0K |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | $862.0K | |
| Receivables | $34.22M | $34.80M |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $50.66M | $51.62M |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.298M | $2.325M |
| YoY Change | ||
| Goodwill | $4.555M | |
| YoY Change | ||
| Intangibles | $33.00K | |
| YoY Change | ||
| Long-Term Investments | $317.0K | |
| YoY Change | ||
| Other Assets | $4.321M | $127.0K |
| YoY Change | ||
| Total Long-Term Assets | $12.49M | $7.835M |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $50.66M | $51.62M |
| Total Long-Term Assets | $12.49M | $7.835M |
| Total Assets | $63.15M | $59.46M |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.564M | $1.854M |
| YoY Change | ||
| Accrued Expenses | $11.44M | $1.155M |
| YoY Change | ||
| Deferred Revenue | $118.0K | |
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $1.527M |
| YoY Change | ||
| Total Short-Term Liabilities | $14.00M | $11.04M |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $6.000M | $7.506M |
| YoY Change | ||
| Other Long-Term Liabilities | $6.544M | $3.144M |
| YoY Change | ||
| Total Long-Term Liabilities | $12.54M | $11.15M |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $14.00M | $11.04M |
| Total Long-Term Liabilities | $12.54M | $11.15M |
| Total Liabilities | $26.55M | $22.19M |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$48.11M | |
| YoY Change | ||
| Common Stock | $2.000K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $1.629M | |
| YoY Change | ||
| Treasury Stock Shares | 1.914M shares | |
| Shareholders Equity | -$41.29M | -$49.73M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $63.15M | $59.46M |
| YoY Change |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.854M | $1.880M |
| YoY Change | ||
| Depreciation, Depletion And Amortization | $156.0K | $250.0K |
| YoY Change | -67.5% | |
| Cash From Operating Activities | -$1.301M | -$1.680M |
| YoY Change | -47.54% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.143M | $230.0K |
| YoY Change | -242.88% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$34.00K | $30.00K |
| YoY Change | -168.0% | |
| Cash From Investing Activities | -$1.177M | -$200.0K |
| YoY Change | 56.93% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 515.0K | -560.0K |
| YoY Change | -94.61% | |
| NET CHANGE | ||
| Cash From Operating Activities | -1.301M | -1.680M |
| Cash From Investing Activities | -1.177M | -200.0K |
| Cash From Financing Activities | 515.0K | -560.0K |
| Net Change In Cash | -1.963M | -2.440M |
| YoY Change | -131.01% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.301M | -$1.680M |
| Capital Expenditures | -$1.143M | $230.0K |
| Free Cash Flow | -$158.0K | -$1.910M |
| YoY Change | -95.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
USD | |
| CY2020Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Deferred Costs
DeferredCosts
|
USD | |
| CY2020Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
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|
USD | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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| CY2021Q3 | us-gaap |
Preferred Stock Value
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|
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| CY2020Q4 | us-gaap |
Preferred Stock Value
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|
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| CY2021Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001835378 | ||
| dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
00-0000000 | ||
| CY2020Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Issued
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|
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| CY2021Q3 | us-gaap |
Preferred Stock Shares Outstanding
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|
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| CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
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|
shares | |
| CY2021Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
USD | |
| CY2021Q3 | nyse |
Transactions Costs Attributed To Warrants Liability
TransactionsCostsAttributedToWarrantsLiability
|
USD | |
| CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-41291541 | USD |
| CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
USD |
