2021 Q4 Form 10-Q Financial Statement

#000140191421000137 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.427M $2.236M $1.823M
YoY Change 34.81% 62.05% 15.36%
% of Gross Profit
Research & Development $7.116M $10.43M $7.340M
YoY Change 7.18% 68.17% 32.32%
% of Gross Profit
Depreciation & Amortization $7.040K $6.350K $3.020K
YoY Change -68.25% -69.8%
% of Gross Profit
Operating Expenses $9.543M $12.67M $9.163M
YoY Change 13.07% 67.1% 28.59%
Operating Profit -$12.67M -$9.163M
YoY Change 67.1% 28.59%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $830.00 $1.508K $175.00
YoY Change -252.94% -89.18%
Pretax Income -$9.542M -$12.67M -$9.163M
YoY Change 13.06% 67.12% 28.69%
Income Tax
% Of Pretax Income
Net Earnings -$9.542M -$12.67M -$9.163M
YoY Change 13.06% 67.05% 28.61%
Net Earnings / Revenue
Basic Earnings Per Share -$0.18 -$0.18
Diluted Earnings Per Share -$183.4K -$0.18 -$0.18
COMMON SHARES
Basic Shares Outstanding 76.60M shares 70.78M shares 50.44M shares
Diluted Shares Outstanding 70.78M shares 50.44M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.67M $45.57M $9.112M
YoY Change 1006.51% 745.47% 70.31%
Cash & Equivalents $51.67M $45.57M $9.112M
Short-Term Investments
Other Short-Term Assets $2.477M $2.516M $1.992M
YoY Change 33.87% 82.33% -11.46%
Inventory
Prepaid Expenses $2.477M $2.516M $1.992M
Receivables
Other Receivables $1.145M $156.2K $2.955M
Total Short-Term Assets $55.30M $48.24M $14.06M
YoY Change 691.76% 590.72% 80.78%
LONG-TERM ASSETS
Property, Plant & Equipment $26.04K $33.09K $24.91K
YoY Change -31.34% -21.87% -54.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $485.1K $535.2K $738.3K
YoY Change -8.27% -15.71% -0.05%
Total Long-Term Assets $511.2K $568.3K $763.2K
YoY Change -9.82% -16.09% -3.82%
TOTAL ASSETS
Total Short-Term Assets $55.30M $48.24M $14.06M
Total Long-Term Assets $511.2K $568.3K $763.2K
Total Assets $55.81M $48.81M $14.82M
YoY Change 639.1% 537.08% 72.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.103M $605.7K $216.0K
YoY Change 105.92% -61.05% -87.4%
Accrued Expenses $3.136M $3.777M $4.370M
YoY Change -6.65% 53.9% 166.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.05M $15.91M $6.005M
YoY Change 109.55% 99.72% -1.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $1.016M $1.074M
YoY Change -100.0% -5.94% -50.76%
Total Long-Term Liabilities $0.00 $1.016M $1.074M
YoY Change -100.0% -5.94% -50.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.05M $15.91M $6.005M
Total Long-Term Liabilities $0.00 $1.016M $1.074M
Total Liabilities $17.05M $16.92M $7.078M
YoY Change 95.95% 87.04% -14.3%
SHAREHOLDERS EQUITY
Retained Earnings -$110.1M -$100.6M -$87.90M
YoY Change 54.17% 59.68% 58.66%
Common Stock $149.0M $132.6M $145.8M
YoY Change 111.79% 114.92% 161.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.75M $31.89M $7.744M
YoY Change
Total Liabilities & Shareholders Equity $55.81M $48.81M $14.82M
YoY Change 639.1% 537.08% 72.95%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$9.542M -$12.67M -$9.163M
YoY Change 13.06% 67.05% 28.61%
Depreciation, Depletion And Amortization $7.040K $6.350K $3.020K
YoY Change -68.25% -69.8%
Cash From Operating Activities -$9.916M $1.320M -$11.79M
YoY Change 7.9% -124.63% 188.93%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$14.52K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$14.52K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $36.20M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.00M 35.22M 13.26M
YoY Change 89.39% 552.16% 201.97%
NET CHANGE
Cash From Operating Activities -9.916M 1.320M -11.79M
Cash From Investing Activities 0.000 -14.52K 0.000
Cash From Financing Activities 16.00M 35.22M 13.26M
Net Change In Cash 6.088M 36.52M 1.468M
YoY Change -922.69% 91205.82% 406.2%
FREE CASH FLOW
Cash From Operating Activities -$9.916M $1.320M -$11.79M
Capital Expenditures $0.00 -$14.52K $0.00
Free Cash Flow -$9.916M $1.335M -$11.79M
YoY Change 7.9% -124.9% 190.36%

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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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us-gaap Operating Lease Cost
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CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4692234 shares

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