2022 Q1 Form 10-Q Financial Statement
#000121390022027079 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $810.00 | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $3.368M | $996.8K |
| YoY Change | 237.91% | 414.38% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $3.540K | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $3.368M | $996.8K |
| YoY Change | 237.91% | 414.38% |
| Operating Profit | -$3.367M | |
| YoY Change | ||
| Interest Expense | $1.630K | $30.00 |
| YoY Change | 5333.33% | -100.21% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.633K | |
| YoY Change | ||
| Pretax Income | -$3.366M | -$996.8K |
| YoY Change | 237.68% | 379.31% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.366M | -$996.8K |
| YoY Change | 237.67% | 379.31% |
| Net Earnings / Revenue | -415536.54% | |
| Basic Earnings Per Share | -$0.17 | |
| Diluted Earnings Per Share | -$171.7K | -$61.22K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 19.60M shares | |
| Diluted Shares Outstanding | 15.33M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $17.74M | $1.628M |
| YoY Change | 989.76% | |
| Cash & Equivalents | $17.74M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $306.3K | $169.1K |
| YoY Change | 81.14% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $18.05M | $1.797M |
| YoY Change | 904.28% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $245.0K | $21.95K |
| YoY Change | 1016.31% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $245.0K | $21.95K |
| YoY Change | 1016.26% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $18.05M | $1.797M |
| Total Long-Term Assets | $245.0K | $21.95K |
| Total Assets | $18.29M | $1.819M |
| YoY Change | 905.63% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $350.0K | $140.0K |
| YoY Change | 150.06% | |
| Accrued Expenses | $57.01K | $21.95K |
| YoY Change | 159.73% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $5.360K | |
| YoY Change | ||
| Total Short-Term Liabilities | $415.1K | $169.9K |
| YoY Change | 144.32% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $680.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $135.5K | |
| YoY Change | ||
| Total Long-Term Liabilities | $135.5K | $680.00 |
| YoY Change | 19820.59% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $415.1K | $169.9K |
| Total Long-Term Liabilities | $135.5K | $680.00 |
| Total Liabilities | $550.6K | $170.6K |
| YoY Change | 222.76% | |
| 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 | $17.74M | $1.649M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $18.29M | $1.819M |
| YoY Change | 905.63% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.366M | -$996.8K |
| YoY Change | 237.67% | 379.31% |
| Depreciation, Depletion And Amortization | $3.540K | $0.00 |
| YoY Change | ||
| Cash From Operating Activities | -$2.231M | -$650.2K |
| YoY Change | 243.09% | 140.32% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$226.4K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$226.4K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -200.0 | 1.588M |
| YoY Change | -100.01% | 477.61% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.231M | -650.2K |
| Cash From Investing Activities | -226.4K | |
| Cash From Financing Activities | -200.0 | 1.588M |
| Net Change In Cash | -2.457M | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.231M | -$650.2K |
| Capital Expenditures | -$226.4K | |
| Free Cash Flow | -$2.005M | -$650.2K |
| YoY Change | 208.28% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
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Common Stock Options
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