2024 Q3 Form 10-Q Financial Statement

#000140191424000038 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $41.69K $22.44K
YoY Change -95.83%
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $41.69K $22.44K
YoY Change
Gross Profit Margin 100.0% 100.01%
Selling, General & Admin $2.066M $2.473M
YoY Change -24.03% -16.04%
% of Gross Profit 4956.27% 11021.08%
Research & Development $2.657M $4.909M
YoY Change -60.2% -18.78%
% of Gross Profit 6372.68% 21875.11%
Depreciation & Amortization $9.740K $15.44K
YoY Change -2.6% 60.67%
% of Gross Profit 23.36% 68.81%
Operating Expenses $4.723M $7.382M
YoY Change -49.74% -17.88%
Operating Profit -$4.681M -$7.359M
YoY Change -44.25% -18.13%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$21.15K -$109.3K
YoY Change -121.73% -148.1%
Pretax Income -$4.703M $12.91M
YoY Change -43.34% -247.34%
Income Tax
% Of Pretax Income
Net Earnings -$4.703M $12.91M
YoY Change -43.34% -247.34%
Net Earnings / Revenue -11279.42% 57539.25%
Basic Earnings Per Share -$0.55 $1.53
Diluted Earnings Per Share -$0.55 $1.52
COMMON SHARES
Basic Shares Outstanding 8.546M shares 101.1M shares
Diluted Shares Outstanding 8.534M shares 8.476M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.23M $16.41M
YoY Change -19.13% 23.15%
Cash & Equivalents $11.20M $16.40M
Short-Term Investments
Other Short-Term Assets $3.195M $3.512M
YoY Change 284.27% 1190.81%
Inventory
Prepaid Expenses $3.195M $3.512M
Receivables
Other Receivables $518.9K $902.2K
Total Short-Term Assets $14.95M $20.83M
YoY Change -33.38% -6.36%
LONG-TERM ASSETS
Property, Plant & Equipment $706.3K $322.3K
YoY Change 1104.74% 603.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $533.9K $528.6K
YoY Change -32.96% -42.6%
Total Long-Term Assets $3.113M $2.777M
YoY Change 18.87% 187.25%
TOTAL ASSETS
Total Short-Term Assets $14.95M $20.83M
Total Long-Term Assets $3.113M $2.777M
Total Assets $18.06M $23.61M
YoY Change -27.92% 1.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.049M $1.910M
YoY Change -78.97% -70.8%
Accrued Expenses $1.851M $1.254M
YoY Change -65.03% -70.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.16M $14.59M
YoY Change -50.06% -40.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.388M $6.345M
YoY Change 538.76% 416.45%
Total Long-Term Liabilities $6.388M $6.345M
YoY Change 538.76% 416.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.16M $14.59M
Total Long-Term Liabilities $6.388M $6.345M
Total Liabilities $19.54M $20.93M
YoY Change -28.52% -19.26%
SHAREHOLDERS EQUITY
Retained Earnings -$169.8M -$165.1M
YoY Change 2.17% 4.56%
Common Stock $168.7M $168.1M
YoY Change 2.65% 8.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.484M $2.672M
YoY Change
Total Liabilities & Shareholders Equity $18.06M $23.61M
YoY Change -27.92% 1.71%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$4.703M $12.91M
YoY Change -43.34% -247.34%
Depreciation, Depletion And Amortization $9.740K $15.44K
YoY Change -2.6% 60.67%
Cash From Operating Activities -$5.924M $12.90M
YoY Change -25.76% -295.93%
INVESTING ACTIVITIES
Capital Expenditures -$282.3K $285.2K
YoY Change -1511.6%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $282.3K -$285.2K
YoY Change -1511.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 436.4K 115.4K
YoY Change -94.91% -74.49%
NET CHANGE
Cash From Operating Activities -5.924M 12.90M
Cash From Investing Activities 282.3K -285.2K
Cash From Financing Activities 436.4K 115.4K
Net Change In Cash -5.205M 12.73M
YoY Change -997.47% -307.61%
FREE CASH FLOW
Cash From Operating Activities -$5.924M $12.90M
Capital Expenditures -$282.3K $285.2K
Free Cash Flow -$5.642M $12.62M
YoY Change -29.48% -291.6%

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