2024 Q3 Form 10-Q Financial Statement
#000106299324014899 Filed on August 13, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $0.00 | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.730M | |
| YoY Change | 5.84% | |
| % of Gross Profit | ||
| Research & Development | $6.429M | |
| YoY Change | -15.4% | |
| % of Gross Profit | ||
| Depreciation & Amortization | $60.00K | $66.49K |
| YoY Change | -47.07% | 5.13% |
| % of Gross Profit | ||
| Operating Expenses | $9.225M | |
| YoY Change | -9.37% | |
| Operating Profit | -$10.23M | -$9.225M |
| YoY Change | 15.45% | -9.37% |
| Interest Expense | $55.66K | $45.67K |
| YoY Change | -4.13% | 11.25% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $119.7K | $60.70K |
| YoY Change | 106.2% | 47.86% |
| Pretax Income | -$10.11M | -$9.164M |
| YoY Change | 14.85% | -9.6% |
| Income Tax | -$15.99K | -$11.65K |
| % Of Pretax Income | ||
| Net Earnings | -$10.09M | -$9.153M |
| YoY Change | 18.15% | -6.82% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.11 | -$0.10 |
| Diluted Earnings Per Share | -$0.11 | -$0.10 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 93.66M shares | 87.71M shares |
| Diluted Shares Outstanding | 93.60M shares | 87.89M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $16.08M | |
| YoY Change | 4.12% | |
| Cash & Equivalents | $14.70M | $16.08M |
| Short-Term Investments | ||
| Other Short-Term Assets | $696.7K | |
| YoY Change | 0.03% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $15.47M | $16.77M |
| YoY Change | 15.25% | 3.15% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.121M | $2.202M |
| YoY Change | 5.96% | 35.89% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $459.4K | $449.4K |
| YoY Change | 17.29% | 28.16% |
| Total Long-Term Assets | $85.29M | $85.11M |
| YoY Change | 4.6% | 5.32% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $15.47M | $16.77M |
| Total Long-Term Assets | $85.29M | $85.11M |
| Total Assets | $100.8M | $101.9M |
| YoY Change | 6.11% | 4.96% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.420M | |
| YoY Change | 111.03% | |
| Accrued Expenses | $951.1K | $657.2K |
| YoY Change | -9.5% | -29.73% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $7.120M | $6.115M |
| YoY Change | 223.2% | 137.23% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | ||
| Other Long-Term Liabilities | $49.35K | |
| YoY Change | ||
| Total Long-Term Liabilities | $49.35K | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $7.120M | $6.115M |
| Total Long-Term Liabilities | $49.35K | |
| Total Liabilities | $7.454M | $6.207M |
| YoY Change | 167.31% | 86.92% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$70.51M | -$60.41M |
| YoY Change | 108.31% | 138.74% |
| Common Stock | $93.72K | $90.87K |
| YoY Change | 18.52% | 18.24% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $95.68M | |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $100.8M | $101.9M |
| YoY Change | 6.11% | 4.96% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$10.09M | -$9.153M |
| YoY Change | 18.15% | -6.82% |
| Depreciation, Depletion And Amortization | $60.00K | $66.49K |
| YoY Change | -47.07% | 5.13% |
| Cash From Operating Activities | -$5.681M | |
| YoY Change | -33.74% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $241.6K | |
| YoY Change | -53.13% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$220.8K | |
| YoY Change | -56.53% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 6.871M | |
| YoY Change | 61.69% | |
| NET CHANGE | ||
| Cash From Operating Activities | -5.681M | |
| Cash From Investing Activities | -220.8K | |
| Cash From Financing Activities | 6.871M | |
| Net Change In Cash | 968.4K | |
| YoY Change | -120.03% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.681M | |
| Capital Expenditures | $241.6K | |
| Free Cash Flow | -$5.923M | |
| YoY Change | -34.84% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9164464 | usd |
| CY2024Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
9679 | usd |
| CY2024Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-21333 | usd |
| CY2023Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-314580 | usd |
| CY2024Q2 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
1595126 | usd |
| CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2023Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
| CY2023Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
| us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
14627 | usd | |
| CY2023Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-42666 | usd | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-589093 | usd | |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
807523 | usd |
| CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
973572 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1292734 | usd |
| CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1256498 | usd |
| us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div> <p style="text-align: justify;"><span style="text-decoration: underline;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Reclassifications</span></span></span></p> <p style="text-align: justify; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Certain reclassifications have been made to conform prior year's data to the current presentation. The reclassifications have no effect on the results of reported operations or stockholders' deficit or cash flows.</span></span></p> </div> |
