2024 Q2 Form 10-Q Financial Statement

#000165495424006398 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $874.6K $1.603M
YoY Change -2.11% 47.72%
% of Gross Profit
Research & Development $2.009M $1.601M
YoY Change 139.48% 34.22%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.884M $3.204M
YoY Change 66.46% 40.65%
Operating Profit -$2.884M -$3.204M
YoY Change 66.46% 40.65%
Interest Expense $54.64K $69.30K
YoY Change 75.97% 84.6%
% of Operating Profit
Other Income/Expense, Net $1.400M
YoY Change
Pretax Income -$2.829M -$3.134M
YoY Change 66.29% 39.91%
Income Tax
% Of Pretax Income
Net Earnings -$2.829M -$3.134M
YoY Change 66.28% 39.91%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$4.18 -$0.47
COMMON SHARES
Basic Shares Outstanding 6.661M shares 6.661M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.947M $4.734M
YoY Change -41.37% -46.0%
Cash & Equivalents $4.947M $4.734M
Short-Term Investments
Other Short-Term Assets $289.5K $446.1K
YoY Change 5.81% -14.54%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.237M $5.180M
YoY Change -39.9% -44.27%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.00 -$4.00
YoY Change 100.0% -20.0%
TOTAL ASSETS
Total Short-Term Assets $5.237M $5.180M
Total Long-Term Assets $2.00 -$4.00
Total Assets $5.237M $5.180M
YoY Change -39.9% -44.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.327M $822.5K
YoY Change 203.16% 66.89%
Accrued Expenses $591.3K $549.2K
YoY Change 141.25% -23.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.918M $1.372M
YoY Change 180.94% 13.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.918M $1.372M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.918M $1.372M
YoY Change 180.94% 13.65%
SHAREHOLDERS EQUITY
Retained Earnings -$59.35M -$56.52M
YoY Change 19.82% 18.16%
Common Stock $69.00 $666.00
YoY Change -78.37% 178.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.318M $3.808M
YoY Change
Total Liabilities & Shareholders Equity $5.237M $5.180M
YoY Change -39.9% -44.27%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$2.829M -$3.134M
YoY Change 66.28% 39.91%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.126M -$2.704M
YoY Change 15.52% 63.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.339M $0.00
YoY Change 54.71% -100.0%
NET CHANGE
Cash From Operating Activities -2.126M -$2.704M
Cash From Investing Activities
Cash From Financing Activities 2.339M $0.00
Net Change In Cash 213.5K -$2.704M
YoY Change -165.03% -207.09%
FREE CASH FLOW
Cash From Operating Activities -$2.126M -$2.704M
Capital Expenditures
Free Cash Flow
YoY Change

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