2022 Q3 Form 10-Q Financial Statement
#000106299322017622 Filed on August 10, 2022
Income Statement
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $2.396M | $3.309M | $7.515M |
| YoY Change | -23.45% | -66.6% | 479.84% |
| % of Gross Profit | |||
| Research & Development | $4.678M | $3.772M | $1.217M |
| YoY Change | 149.48% | 72.72% | -499.86% |
| % of Gross Profit | |||
| Depreciation & Amortization | $53.62K | $48.22K | $30.59K |
| YoY Change | 75.24% | 74.32% | 86.07% |
| % of Gross Profit | |||
| Operating Expenses | $7.074M | $7.080M | $8.732M |
| YoY Change | 41.33% | -41.43% | 780.6% |
| Operating Profit | -$7.074M | -$7.080M | -$7.638M |
| YoY Change | 36.73% | -45.17% | |
| Interest Expense | $0.00 | $0.00 | $19.83K |
| YoY Change | -100.0% | -100.0% | -99.93% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$42.96K | $52.73K | $140.1K |
| YoY Change | 925.25% | -150.07% | -2902.56% |
| Pretax Income | -$7.117M | -$7.027M | -$8.712M |
| YoY Change | 41.44% | -46.02% | -131.65% |
| Income Tax | -$541.2K | -$1.219M | -$5.685M |
| % Of Pretax Income | |||
| Net Earnings | -$6.576M | -$5.809M | $10.04M |
| YoY Change | 30.69% | -29.97% | -64.68% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.09 | -$0.08 | $0.04 |
| Diluted Earnings Per Share | -$0.09 | -$0.08 | $282.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 71.99M shares | 70.96M shares | 35.64M shares |
| Diluted Shares Outstanding | 72.03M shares | 70.96M shares | 35.64M shares |
Balance Sheet
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $28.07M | $35.04M | $41.40M |
| YoY Change | -46.25% | 41.0% | 261.75% |
| Cash & Equivalents | $28.07M | $35.04M | $41.40M |
| Short-Term Investments | |||
| Other Short-Term Assets | $771.3K | $970.4K | $376.7K |
| YoY Change | 422.03% | 1338.42% | -2.13% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $100.1K | $665.6K | $94.81K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $28.94M | $36.68M | $41.87M |
| YoY Change | -44.74% | 47.18% | 253.97% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.290M | $1.284M | $1.229M |
| YoY Change | -92.26% | -84.61% | 41.15% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $20.00K | $40.00K | $20.00K |
| YoY Change | |||
| Total Long-Term Assets | $79.80M | $78.32M | $78.21M |
| YoY Change | 378.94% | 838.98% | 33.01% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $28.94M | $36.68M | $41.87M |
| Total Long-Term Assets | $79.80M | $78.32M | $78.21M |
| Total Assets | $108.7M | $115.0M | $120.1M |
| YoY Change | 57.53% | 245.76% | 70.01% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.403M | $2.178M | $0.00 |
| YoY Change | 128.79% | 2580.25% | -100.0% |
| Accrued Expenses | $606.2K | $341.2K | $468.0K |
| YoY Change | 45.62% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $2.034M | $2.548M | $2.537M |
| YoY Change | 231.72% | 73.5% | 44.45% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.034M | $2.548M | $2.537M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $3.987M | $5.042M | $6.250M |
| YoY Change | 550.25% | 243.34% | -46.25% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $681.2K | $7.257M | $13.07M |
| YoY Change | -49.12% | ||
| Common Stock | $72.18K | $71.99K | $70.85K |
| YoY Change | 101.65% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $104.8M | $110.0M | $113.8M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $108.7M | $115.0M | $120.1M |
| YoY Change | 57.53% | 245.76% | 70.01% |
Cashflow Statement
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$6.576M | -$5.809M | $10.04M |
| YoY Change | 30.69% | -29.97% | -64.68% |
| Depreciation, Depletion And Amortization | $53.62K | $48.22K | $30.59K |
| YoY Change | 75.24% | 74.32% | 86.07% |
| Cash From Operating Activities | -$6.125M | -$6.210M | -$4.198M |
| YoY Change | 163.92% | 220.08% | 662.7% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$856.3K | $102.8K | -$2.389M |
| YoY Change | -65.86% | -26.87% | -75.95% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$20.00K | ||
| YoY Change | -100.22% | ||
| Cash From Investing Activities | -$856.3K | -$160.7K | -$2.409M |
| YoY Change | -65.86% | -84.57% | 151.17% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | -100.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 7.500K | $12.00K | 318.6K |
| YoY Change | -99.98% | -99.93% | -95.61% |
| NET CHANGE | |||
| Cash From Operating Activities | -6.125M | -$6.210M | -4.198M |
| Cash From Investing Activities | -856.3K | -$160.7K | -2.409M |
| Cash From Financing Activities | 7.500K | $12.00K | 318.6K |
| Net Change In Cash | -6.974M | -$6.359M | -6.289M |
| YoY Change | -125.48% | -145.79% | -209.44% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$6.125M | -$6.210M | -$4.198M |
| Capital Expenditures | -$856.3K | $102.8K | -$2.389M |
| Free Cash Flow | -$5.269M | -$6.313M | -$1.808M |
| YoY Change | -2915.73% | 203.4% | -119.27% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
20000 | usd |
| CY2022Q2 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | |
| CY2022Q2 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
| CY2022Q2 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
| CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
| CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
52729 | usd |
| CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-105315 | usd |
| CY2021Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
37876 | usd |
| CY2022Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
0 | usd |
| CY2021Q2 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | usd |
| CY2022Q2 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | usd |
| CY2021Q2 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
351075 | usd |
| CY2022Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
| CY2021Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
16895534 | usd |
