2022 Q1 Form 10-Q Financial Statement
#000149315222014628 Filed on May 20, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $10.29M | $2.540M |
| YoY Change | 305.31% | 4.53% |
| Cost Of Revenue | $8.355M | $1.720M |
| YoY Change | 385.77% | 48.28% |
| Gross Profit | $1.940M | $810.0K |
| YoY Change | 139.46% | -36.22% |
| Gross Profit Margin | 18.84% | 31.89% |
| Selling, General & Admin | $8.245M | $3.230M |
| YoY Change | 155.26% | 19.19% |
| % of Gross Profit | 425.08% | 398.77% |
| Research & Development | $498.0K | $450.0K |
| YoY Change | 10.67% | -8.16% |
| % of Gross Profit | 25.68% | 55.56% |
| Depreciation & Amortization | $493.4K | $60.00K |
| YoY Change | 722.33% | -14.29% |
| % of Gross Profit | 25.44% | 7.41% |
| Operating Expenses | $8.743M | $3.680M |
| YoY Change | 137.58% | 15.36% |
| Operating Profit | -$6.803M | -$2.870M |
| YoY Change | 137.05% | 49.48% |
| Interest Expense | $117.7K | $24.59M |
| YoY Change | -99.52% | -6097.56% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$12.61K | |
| YoY Change | ||
| Pretax Income | -$6.698M | $21.72M |
| YoY Change | -130.84% | -1032.19% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$6.698M | $21.72M |
| YoY Change | -130.84% | -1032.27% |
| Net Earnings / Revenue | -65.06% | 855.19% |
| Basic Earnings Per Share | -$2.59 | |
| Diluted Earnings Per Share | -$129.6K | $485.1K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 2.547M shares | |
| Diluted Shares Outstanding | 2.547M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $20.56M | $67.63M |
| YoY Change | -69.6% | 20393.94% |
| Cash & Equivalents | $20.56M | $67.63M |
| Short-Term Investments | ||
| Other Short-Term Assets | $10.27M | $1.830M |
| YoY Change | 461.33% | 335.71% |
| Inventory | $9.406M | $8.890M |
| Prepaid Expenses | ||
| Receivables | $3.622M | $1.130M |
| Other Receivables | $1.980M | $1.910M |
| Total Short-Term Assets | $45.84M | $81.39M |
| YoY Change | -43.68% | 913.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $9.531M | $1.460M |
| YoY Change | 552.83% | 508.33% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $4.637M | $1.340M |
| YoY Change | 246.01% | 143.64% |
| Total Long-Term Assets | $33.18M | $3.190M |
| YoY Change | 940.27% | 163.64% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $45.84M | $81.39M |
| Total Long-Term Assets | $33.18M | $3.190M |
| Total Assets | $79.03M | $84.58M |
| YoY Change | -6.57% | 815.37% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $7.727M | $670.0K |
| YoY Change | 1053.23% | -71.0% |
| Accrued Expenses | $1.395M | $980.0K |
| YoY Change | 42.35% | 6.52% |
| Deferred Revenue | $1.789M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $662.7K | $10.00K |
| YoY Change | 6527.2% | -98.31% |
| Total Short-Term Liabilities | $26.36M | $29.94M |
| YoY Change | -11.96% | 423.43% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.249M | $150.0K |
| YoY Change | 732.9% | -97.58% |
| Other Long-Term Liabilities | $3.939M | $2.730M |
| YoY Change | 44.27% | 51.67% |
| Total Long-Term Liabilities | $5.188M | $2.880M |
| YoY Change | 80.14% | -63.95% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $26.36M | $29.94M |
| Total Long-Term Liabilities | $5.188M | $2.880M |
| Total Liabilities | $31.49M | $32.82M |
| YoY Change | -4.06% | 139.39% |
| 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 | $47.54M | $51.76M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $79.03M | $84.58M |
| YoY Change | -6.57% | 815.37% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$6.698M | $21.72M |
| YoY Change | -130.84% | -1032.27% |
| Depreciation, Depletion And Amortization | $493.4K | $60.00K |
| YoY Change | 722.33% | -14.29% |
| Cash From Operating Activities | -$6.056M | -$3.210M |
| YoY Change | 88.65% | 57.35% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.812M | -$100.0K |
| YoY Change | 1711.72% | 233.33% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$1.384M | |
| YoY Change | ||
| Cash From Investing Activities | -$3.195M | -$100.0K |
| YoY Change | 3095.35% | 233.33% |
| 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 | -2.196M | 66.57M |
| YoY Change | -103.3% | 3163.24% |
| NET CHANGE | ||
| Cash From Operating Activities | -6.056M | -3.210M |
| Cash From Investing Activities | -3.195M | -100.0K |
| Cash From Financing Activities | -2.196M | 66.57M |
| Net Change In Cash | -11.45M | 63.26M |
| YoY Change | -118.09% | -210966.67% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$6.056M | -$3.210M |
| Capital Expenditures | -$1.812M | -$100.0K |
| Free Cash Flow | -$4.244M | -$3.110M |
| YoY Change | 36.46% | 54.73% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
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| CY2021Q4 | us-gaap |
Commitments And Contingencies
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| CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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| CY2021Q1 | DGLY |
Change In Fair Value Of Contingent Consideration Promissory Notes And Earnout Agreements
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| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
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Stock Issued During Period Value Restricted Stock Award Forfeitures
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Stock Issued During Period Value Restricted Stock Award Gross
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Provision For Doubtful Accounts Receivable
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Change In Fair Value Of Contingent Consideration Promissory Notes And Earnout Agreements
ChangeInFairValueOfContingentConsiderationPromissoryNotesAndEarnoutAgreements
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| CY2021Q1 | DGLY |
Increase Decrease In Accrued Income Taxes Payables
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| CY2021Q1 | us-gaap |
Payments To Acquire Businesses Gross
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Other Payments To Acquire Businesses
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|
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Payments For Repurchase Of Common Stock
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Payments To Minority Shareholders
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| CY2022Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
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| CY2022Q1 | DGLY |
Proceeds From Issuance Of Common Stock Upon Exercise Of Prefunded Warrants
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Payment For Contingent Consideration Liability Financing Activities
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Interest Paid Net
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Income Taxes Paid Net
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Amounts Allocated To Initial Measurement Of Warrant Derivative Liabilities In Connection To Warrants And Prefunded Warrants
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| CY2021Q1 | DGLY |
Issuance Of Contingent Consideration Promissory Note For Business And Asset Acquisitions
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| CY2021Q1 | us-gaap |
Fair Value Of Assets Acquired
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| CY2021Q1 | DGLY |
Goodwill Acquired In Business Acquisitions
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| CY2021Q1 | us-gaap |
Liabilities Assumed1
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Debt Securities Available For Sale Realized Gain
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Available For Sale Debt Securities Gross Unrealized Gain
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Inventory Work In Process
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| CY2021Q4 | DGLY |
Business Combination Contingent Consideration Liability Two
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| CY2021Q4 | DGLY |
Business Combination Contingent Consideration Liability Three
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Incremental Common Shares Attributable To Call Options And Warrants
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