2021 Q4 Form 10-K Financial Statement
#000149315222010126 Filed on April 15, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $11.74M | $21.41M | $10.51M |
| YoY Change | 323.98% | 103.74% | 0.67% |
| Cost Of Revenue | $9.554M | $15.75M | $6.450M |
| YoY Change | 500.85% | 144.18% | -10.54% |
| Gross Profit | $2.191M | $5.664M | $4.060M |
| YoY Change | 85.64% | 39.5% | 25.7% |
| Gross Profit Margin | 18.65% | 26.45% | 38.63% |
| Selling, General & Admin | $7.341M | $18.49M | $7.510M |
| YoY Change | 656.83% | 146.26% | -43.36% |
| % of Gross Profit | 335.14% | 326.53% | 184.98% |
| Research & Development | $528.6K | $1.931M | $1.840M |
| YoY Change | -10.41% | 4.93% | -8.46% |
| % of Gross Profit | 24.13% | 34.09% | 45.32% |
| Depreciation & Amortization | $582.9K | $822.5K | $250.0K |
| YoY Change | 871.43% | 229.0% | -35.9% |
| % of Gross Profit | 26.61% | 14.52% | 6.16% |
| Operating Expenses | $7.870M | $20.42M | $9.350M |
| YoY Change | 1330.89% | 118.45% | -38.73% |
| Operating Profit | -$5.679M | -$14.76M | -$5.290M |
| YoY Change | -1001.49% | 179.03% | -56.03% |
| Interest Expense | -$33.28M | $180.0K | $3.660M |
| YoY Change | -332899.0% | -95.08% | -194.33% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $40.10M | $40.10M | -$30.00K |
| YoY Change | -133773.07% | -66.67% | |
| Pretax Income | $1.143M | $25.53M | -$2.630M |
| YoY Change | -457.08% | -1070.76% | -73.73% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | $1.066M | $25.47M | -$2.630M |
| YoY Change | -433.23% | -1068.61% | -73.73% |
| Net Earnings / Revenue | 9.08% | 118.97% | -25.02% |
| Basic Earnings Per Share | $10.14 | ||
| Diluted Earnings Per Share | $20.24K | $507.2K | -$121.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 2.511M shares | ||
| Diluted Shares Outstanding | 2.511M shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $32.01M | $32.01M | $4.360M |
| YoY Change | 634.12% | 634.12% | 1111.11% |
| Cash & Equivalents | $32.01M | $32.01M | $4.360M |
| Short-Term Investments | |||
| Other Short-Term Assets | $9.729M | $9.729M | $2.030M |
| YoY Change | 379.25% | 379.25% | 434.21% |
| Inventory | $9.660M | $9.660M | $8.200M |
| Prepaid Expenses | $9.729M | ||
| Receivables | $2.727M | $2.727M | $1.710M |
| Other Receivables | $2.022M | $2.022M | $1.530M |
| Total Short-Term Assets | $56.14M | $56.14M | $17.83M |
| YoY Change | 214.89% | 214.89% | 133.07% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.841M | $7.834M | $1.420M |
| YoY Change | 381.76% | 451.72% | 343.75% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $16.90M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $2.107M | $2.107M | $1.150M |
| YoY Change | 83.24% | 83.24% | 116.98% |
| Total Long-Term Assets | $26.84M | $26.84M | $2.970M |
| YoY Change | 803.85% | 803.85% | 133.86% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $56.14M | $56.14M | $17.83M |
| Total Long-Term Assets | $26.84M | $26.84M | $2.970M |
| Total Assets | $82.99M | $82.99M | $20.80M |
| YoY Change | 298.99% | 298.99% | 133.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.569M | $4.569M | $1.140M |
| YoY Change | 300.8% | 300.8% | -51.28% |
| Accrued Expenses | $1.176M | $1.369M | $910.0K |
| YoY Change | 29.23% | 50.43% | -9.9% |
| Deferred Revenue | $1.666M | ||
| YoY Change | 0.0% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $389.9K | $389.9K | $10.00K |
| YoY Change | 3799.34% | 3799.3% | -99.45% |
| Total Short-Term Liabilities | $23.02M | $23.02M | $3.720M |
| YoY Change | 518.89% | 518.89% | -46.01% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $727.3K | $727.3K | $150.0K |
| YoY Change | 384.85% | 384.85% | -97.69% |
| Other Long-Term Liabilities | $3.376M | $3.376M | $2.570M |
| YoY Change | 31.36% | 31.36% | 38.92% |
| Total Long-Term Liabilities | $727.3K | $4.103M | $2.720M |
| YoY Change | -73.26% | 50.86% | -67.43% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $23.02M | $23.02M | $3.720M |
| Total Long-Term Liabilities | $727.3K | $4.103M | $2.720M |
| Total Liabilities | $27.13M | $27.18M | $6.440M |
| YoY Change | 321.21% | 322.09% | -57.72% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$68.67M | ||
| YoY Change | |||
| Common Stock | $124.5M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $55.81M | $55.81M | $14.36M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $82.99M | $82.99M | $20.80M |
| YoY Change | 298.99% | 298.99% | 133.18% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.066M | $25.47M | -$2.630M |
| YoY Change | -433.23% | -1068.61% | -73.73% |
| Depreciation, Depletion And Amortization | $582.9K | $822.5K | $250.0K |
| YoY Change | 871.43% | 229.0% | -35.9% |
| Cash From Operating Activities | -$5.594M | -$17.83M | -$13.27M |
| YoY Change | 77.6% | 34.33% | 1084.82% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.803M | -$7.617M | -$700.0K |
| YoY Change | 2905.33% | 988.19% | 159.26% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $637.3K | -$11.51M | -$800.0K |
| YoY Change | -215.88% | 1338.38% | |
| Cash From Investing Activities | -$1.166M | -$19.12M | -$1.500M |
| YoY Change | 91.12% | 1174.96% | 455.56% |
| 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 | -1.975M | 64.60M | 18.78M |
| YoY Change | 243.96% | -1115.14% | |
| NET CHANGE | |||
| Cash From Operating Activities | -5.594M | -17.83M | -13.27M |
| Cash From Investing Activities | -1.166M | -19.12M | -1.500M |
| Cash From Financing Activities | -1.975M | 64.60M | 18.78M |
| Net Change In Cash | -8.735M | 27.65M | 4.010M |
| YoY Change | 132.32% | 589.43% | -223.77% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$5.594M | -$17.83M | -$13.27M |
| Capital Expenditures | -$1.803M | -$7.617M | -$700.0K |
| Free Cash Flow | -$3.791M | -$10.21M | -$12.57M |
| YoY Change | 22.69% | -18.79% | 1378.82% |
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