2021 Form 10-K Financial Statement
#000121390022014911 Filed on March 24, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | $0.00 | |
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $4.410M | $3.253M |
| YoY Change | 35.57% | -7.79% |
| % of Gross Profit | ||
| Research & Development | $4.990M | $5.121M |
| YoY Change | -2.55% | -10.28% |
| % of Gross Profit | ||
| Depreciation & Amortization | $85.86K | $159.0K |
| YoY Change | -46.01% | -0.15% |
| % of Gross Profit | ||
| Operating Expenses | $9.400M | $8.374M |
| YoY Change | 12.26% | -9.33% |
| Operating Profit | -$9.400M | |
| YoY Change | ||
| Interest Expense | -$9.580K | $39.84K |
| YoY Change | -124.05% | -82.72% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $7.170K | -$5.020K |
| YoY Change | -242.83% | |
| Pretax Income | -$7.800M | -$8.339M |
| YoY Change | -6.47% | -10.67% |
| Income Tax | $800.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$7.800M | -$8.339M |
| YoY Change | -6.47% | -10.67% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$1.33 | |
| Diluted Earnings Per Share | -$294.5K | -$315.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 5.862M shares | |
| Diluted Shares Outstanding | 5.862M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $21.95M | $6.056M |
| YoY Change | 262.37% | -54.4% |
| Cash & Equivalents | $21.95M | $6.056M |
| Short-Term Investments | ||
| Other Short-Term Assets | $575.3K | $448.9K |
| YoY Change | 28.17% | -7.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $22.52M | $6.505M |
| YoY Change | 246.21% | -52.74% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $102.8K | $133.8K |
| YoY Change | -23.18% | -53.76% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $133.7K | $168.2K |
| YoY Change | -20.51% | -48.6% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $22.52M | $6.505M |
| Total Long-Term Assets | $133.7K | $168.2K |
| Total Assets | $22.65M | $6.673M |
| YoY Change | 239.49% | -52.64% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $112.3K | $73.02K |
| YoY Change | 53.75% | -37.24% |
| Accrued Expenses | $283.5K | $270.0K |
| YoY Change | 5.01% | 136.61% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $407.4K | $380.4K |
| YoY Change | 7.1% | 32.91% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $695.1K |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $695.1K |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $407.4K | $380.4K |
| Total Long-Term Liabilities | $0.00 | $695.1K |
| Total Liabilities | $407.4K | $1.076M |
| YoY Change | -62.12% | 275.76% |
| 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 | $22.25M | $5.598M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $22.65M | $6.673M |
| YoY Change | 239.49% | -52.64% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
USD | |
| CY2020Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
USD | |
| CY2021 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2020 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2020 | cyngn |
Ppp Loan Forgiveness
PPPLoanForgiveness
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
USD | |
| CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
USD | |
| CY2020 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
USD | |
| CY2020 | cyngn |
Gain On Forgiveness Of Paycheck Protection Program Loans
GainOnForgivenessOfPaycheckProtectionProgramLoans
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
USD | |
| CY2020 | us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
USD | |
| CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001874097 | |
| CY2020 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
USD | |
| CY2021 | cyngn |
The Companys Ppp Loan Was Forgiven By The Sba In The Amount
TheCompanysPPPLoanWasForgivenByTheSBAInTheAmount
|
USD | |
| CY2021 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
shares | |
| CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021 | us-gaap |
Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
|
2034 |
