2021 Q1 Form 10-Q Financial Statement

#000143774921010912 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.210M $1.020M
YoY Change 18.63% 25.93%
% of Gross Profit
Research & Development $2.406M $1.349M
YoY Change 78.35% -48.25%
% of Gross Profit
Depreciation & Amortization $6.000K $6.000K
YoY Change 0.0% 0.0%
% of Gross Profit
Operating Expenses $2.406M $1.349M
YoY Change 78.35% -60.57%
Operating Profit -$3.619M -$2.404M
YoY Change 50.54% -29.73%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $4.000K -$12.00K
YoY Change -133.33% -93.26%
Pretax Income -$3.615M -$2.416M
YoY Change 49.63% -25.5%
Income Tax $7.000K $9.000K
% Of Pretax Income
Net Earnings -$3.622M -$2.425M
YoY Change 49.36% -25.43%
Net Earnings / Revenue
Basic Earnings Per Share -$0.19
Diluted Earnings Per Share -$192.9K -$185.4K
COMMON SHARES
Basic Shares Outstanding 18.77M 14.14M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.43M $12.60M
YoY Change 85.94% -8.42%
Cash & Equivalents $3.329M $3.300M
Short-Term Investments $20.10M $9.300M
Other Short-Term Assets $460.0K $540.0K
YoY Change -14.81% 80.0%
Inventory
Prepaid Expenses
Receivables $337.0K $985.0K
Other Receivables
Total Short-Term Assets $24.20M $14.17M
YoY Change 70.81% -5.21%
LONG-TERM ASSETS
Property, Plant & Equipment $75.00K $60.00K
YoY Change 25.0% -33.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $161.0K $200.0K
YoY Change -19.5% -63.64%
TOTAL ASSETS
Total Short-Term Assets $24.20M $14.17M
Total Long-Term Assets $161.0K $200.0K
Total Assets $24.36M $14.37M
YoY Change 69.55% -7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $689.0K $444.0K
YoY Change 55.18% -35.18%
Accrued Expenses $420.0K $435.0K
YoY Change -3.45% -36.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K $10.00K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $1.178M $935.0K
YoY Change 25.99% -34.39%
LONG-TERM LIABILITIES
Long-Term Debt $10.00K $10.00K
YoY Change 0.0% -50.0%
Other Long-Term Liabilities $30.00K $100.0K
YoY Change -70.0% -33.33%
Total Long-Term Liabilities $33.00K $107.0K
YoY Change -69.16% -34.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.178M $935.0K
Total Long-Term Liabilities $33.00K $107.0K
Total Liabilities $1.211M $1.042M
YoY Change 16.22% -34.38%
SHAREHOLDERS EQUITY
Retained Earnings -$72.53M -$59.04M
YoY Change 22.85% 19.96%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.15M $13.32M
YoY Change
Total Liabilities & Shareholders Equity $24.36M $14.37M
YoY Change 69.55% -7.29%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$3.622M -$2.425M
YoY Change 49.36% -25.43%
Depreciation, Depletion And Amortization $6.000K $6.000K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$4.313M -$2.978M
YoY Change 44.83% -4.98%
INVESTING ACTIVITIES
Capital Expenditures $9.000K $2.000K
YoY Change 350.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$5.300M
YoY Change -100.0% -51.51%
Cash From Investing Activities -$9.000K -$5.301M
YoY Change -99.83% -51.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $8.500M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $242.0K 7.696M
YoY Change -96.86% -384900.0%
NET CHANGE
Cash From Operating Activities -$4.313M -2.978M
Cash From Investing Activities -$9.000K -5.301M
Cash From Financing Activities $242.0K 7.696M
Net Change In Cash -$4.080M -583.0K
YoY Change 599.83% -95.85%
FREE CASH FLOW
Cash From Operating Activities -$4.313M -$2.978M
Capital Expenditures $9.000K $2.000K
Free Cash Flow -$4.322M -$2.980M
YoY Change 45.03% -4.91%

Facts In Submission

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5.60
CY2021Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y182D
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
4
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
511000
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
393000
CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2125000
CY2021Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
40000
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
7200
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7682000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
244000
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
16000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
23145000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
26014000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
7617000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
13323000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
14000
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18766656
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13107725

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