2021 Form 10-K Financial Statement
#000149315222010159 Filed on April 15, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $3.885M | $3.166M |
| YoY Change | 22.7% | 2.04% |
| Cost Of Revenue | $3.107M | $2.381M |
| YoY Change | 30.5% | 13.87% |
| Gross Profit | $777.8K | $785.1K |
| YoY Change | -0.93% | -22.42% |
| Gross Profit Margin | 20.02% | 24.8% |
| Selling, General & Admin | $818.7K | $974.1K |
| YoY Change | -15.95% | -1.63% |
| % of Gross Profit | 105.26% | 124.07% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $6.760K | $8.450K |
| YoY Change | -20.0% | 35.63% |
| % of Gross Profit | 0.87% | 1.08% |
| Operating Expenses | $825.5K | $982.5K |
| YoY Change | -15.99% | -1.4% |
| Operating Profit | -$47.69K | -$197.4K |
| YoY Change | -75.84% | -1365.45% |
| Interest Expense | -$122.8K | -$6.320K |
| YoY Change | 1842.72% | -23.86% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$122.8K | |
| YoY Change | ||
| Pretax Income | -$170.5K | -$203.7K |
| YoY Change | -16.32% | -1277.69% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$170.5K | -$203.7K |
| YoY Change | -16.32% | 1319.79% |
| Net Earnings / Revenue | -4.39% | -6.43% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$4.943K | -$6.434K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 34.49M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $191.4K | $51.71K |
| YoY Change | 270.22% | -77.84% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $2.710K | $2.710K |
| YoY Change | 0.0% | 8.4% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $616.1K | $150.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $810.2K | $204.4K |
| YoY Change | 296.4% | -79.96% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $17.30K | $24.06K |
| YoY Change | -28.1% | -28.18% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $7.271M | $931.5K |
| YoY Change | 680.56% | 53.1% |
| Total Long-Term Assets | $7.321M | $1.088M |
| YoY Change | 572.88% | 61.43% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $810.2K | $204.4K |
| Total Long-Term Assets | $7.321M | $1.088M |
| Total Assets | $8.131M | $1.292M |
| YoY Change | 529.15% | -23.69% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $342.7K | $234.8K |
| YoY Change | 45.92% | -68.19% |
| Accrued Expenses | $120.1K | $13.10K |
| YoY Change | 816.56% | 91.8% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $3.321M | $86.57K |
| YoY Change | 3735.67% | 1174.96% |
| Long-Term Debt Due | $925.2K | $250.2K |
| YoY Change | 269.83% | 54.46% |
| Total Short-Term Liabilities | $5.138M | $807.9K |
| YoY Change | 535.96% | -32.43% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.508M | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $2.508M | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.138M | $807.9K |
| Total Long-Term Liabilities | $2.508M | $0.00 |
| Total Liabilities | $7.646M | $807.9K |
| YoY Change | 846.39% | -32.43% |
| 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 | $484.8K | $484.4K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.131M | $1.292M |
| YoY Change | 529.15% | -23.69% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$170.5K | -$203.7K |
| YoY Change | -16.32% | 1319.79% |
| Depreciation, Depletion And Amortization | $6.760K | $8.450K |
| YoY Change | -20.0% | 35.63% |
| Cash From Operating Activities | -$37.88K | -$186.1K |
| YoY Change | -79.65% | -181.98% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$761.8K | -$174.6K |
| YoY Change | 336.35% | -36.34% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$761.8K | -$174.6K |
| YoY Change | 336.35% | -36.34% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 939.4K | 182.8K |
| YoY Change | 413.83% | 12.89% |
| NET CHANGE | ||
| Cash From Operating Activities | -37.88K | -186.1K |
| Cash From Investing Activities | -761.8K | -174.6K |
| Cash From Financing Activities | 939.4K | 182.8K |
| Net Change In Cash | 139.7K | -177.9K |
| YoY Change | -178.55% | -255.06% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$37.88K | -$186.1K |
| Capital Expenditures | -$761.8K | -$174.6K |
| Free Cash Flow | $724.0K | -$11.54K |
| YoY Change | -6373.4% | -102.3% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
USD | |
| CY2020Q4 | DREM |
Notes Payable To Banks Current
NotesPayableToBanksCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Loans Payable To Bank Current
LoansPayableToBankCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
|
USD | |
| CY2021 | DREM |
Increase Decrease In Employee Advances
IncreaseDecreaseInEmployeeAdvances
|
USD | |
| CY2020 | DREM |
Increase Decrease In Deposits Held
IncreaseDecreaseInDepositsHeld
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
USD | |
| CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | DREM |
Mortgages Payable For Acquisition Of Property Held For Development
MortgagesPayableForAcquisitionOfPropertyHeldForDevelopment
|
USD | |
| CY2020Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
USD | |
| CY2020Q4 | us-gaap |
Loans Payable To Bank Current
LoansPayableToBankCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Long Term Loans From Bank
LongTermLoansFromBank
|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD |
