2024 Q3 Form 10-Q Financial Statement

#000121390024069044 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $81.27K
YoY Change 120.48%
% of Gross Profit
Research & Development $451.0K $389.2K $349.6K
YoY Change 82.58% 11.34%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.302M $1.497M $81.27K
YoY Change 134.39% 1742.02% 120.48%
Operating Profit -$1.302M -$1.497M -$81.27K
YoY Change 134.39% 1742.02% 120.48%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$525.2K -$9.872K
YoY Change -28894.46%
Pretax Income -$1.827M -$1.507M -$81.27K
YoY Change 230.05% 1754.17% 120.48%
Income Tax
% Of Pretax Income
Net Earnings -$1.827M -$1.507M -$81.27K
YoY Change 230.05% 1754.17% 120.48%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 495.5M shares 495.5M shares 202.3M shares
Diluted Shares Outstanding 738.3M shares 495.5M shares 202.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.22K
YoY Change -78.21%
Cash & Equivalents $1.143M $1.834M $27.22K
Short-Term Investments
Other Short-Term Assets $1.960K
YoY Change 6.52%
Inventory
Prepaid Expenses $1.959K
Receivables
Other Receivables
Total Short-Term Assets $1.242M $1.895M $29.18K
YoY Change -70.16% 6394.15% -76.98%
LONG-TERM ASSETS
Property, Plant & Equipment $25.38K $26.61K
YoY Change 916.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $25.38K $26.61K $0.00
YoY Change 916.71%
TOTAL ASSETS
Total Short-Term Assets $1.242M $1.895M $29.18K
Total Long-Term Assets $25.38K $26.61K $0.00
Total Assets $1.267M $1.921M $29.18K
YoY Change -69.57% 6485.37% -76.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.68K $94.34K $176.0K
YoY Change 1353.48% -46.38% 77.17%
Accrued Expenses $592.00
YoY Change 0.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $887.9K $257.9K $884.7K
YoY Change -9.47% -70.85% 16.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $5.126K
YoY Change 1248.95%
Total Long-Term Liabilities $5.126K $0.00
YoY Change 1248.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $887.9K $257.9K $884.7K
Total Long-Term Liabilities $5.126K $0.00
Total Liabilities $893.0K $263.0K $884.7K
YoY Change -8.98% -70.27% 16.71%
SHAREHOLDERS EQUITY
Retained Earnings -$18.37M -$16.55M -$41.94M
YoY Change 60.21% -60.54% 0.54%
Common Stock $95.70K $49.55K $41.08M
YoY Change 93.16% -99.88% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $374.5K $1.658M -$855.5K
YoY Change
Total Liabilities & Shareholders Equity $1.267M $1.921M $29.18K
YoY Change -69.57% 6485.37% -76.98%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.827M -$1.507M -$81.27K
YoY Change 230.05% 1754.17% 120.48%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$16.14K
YoY Change -27.4%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
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 20.00K
YoY Change
NET CHANGE
Cash From Operating Activities -16.14K
Cash From Investing Activities 0.000
Cash From Financing Activities 20.00K
Net Change In Cash 3.860K
YoY Change -117.36%
FREE CASH FLOW
Cash From Operating Activities -$16.14K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates and Assumptions</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates or assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could vary from those estimates. Management utilizes various other estimates, including but not limited to accrued royalties, accrued expenses, the valuation of stock-based compensation, the valuation allowance for deferred tax assets and other contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the period that they are determined to be necessary.</p>
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3 pure
dror Minimum Trading Volume Of Common Stock Each Trading Day Condition For Warrant Redemption
MinimumTradingVolumeOfCommonStockEachTradingDayConditionForWarrantRedemption
500000 usd
dror Warrant Redemption Price Per Share
WarrantRedemptionPricePerShare
0.001
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
21122239 shares
CY2024Q2 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.0037
CY2024Q2 dror Vested Immediately Grant And Terminate
VestedImmediatelyGrantAndTerminate
P10Y
CY2024Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
170920 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
774428 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
5088 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1311625 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10120 usd
CY2023Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
3651 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
992768 usd
CY2024Q2 dror Share Based Compensation Relating To Research And Development Expenses
ShareBasedCompensationRelatingToResearchAndDevelopmentExpenses
163734 usd
CY2023Q2 dror Share Based Compensation Relating To Research And Development Expenses
ShareBasedCompensationRelatingToResearchAndDevelopmentExpenses
1437 usd
dror Share Based Compensation Relating To Research And Development Expenses
ShareBasedCompensationRelatingToResearchAndDevelopmentExpenses
318857 usd
dror Share Based Compensation Relating To Research And Development Expenses
ShareBasedCompensationRelatingToResearchAndDevelopmentExpenses
2857 usd
CY2022Q2 dror Consideration Amount
ConsiderationAmount
3500 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2610 shares
CY2022Q2 us-gaap Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
9597675 shares
CY2024Q1 us-gaap Payments For Fees
PaymentsForFees
5000 usd
CY2024Q1 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
55000 usd
CY2023Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
145000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
10454500 shares
CY2023Q3 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.033
CY2023Q3 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
14500 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2024-07-15
CY2024Q2 us-gaap Product Warranty Liquidation Proceeds Amount
ProductWarrantyLiquidationProceedsAmount
35814 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
495454546 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
495454546 shares
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001282980

Files In Submission

Name View Source Status
dror-20240630_cal.xml Edgar Link unprocessable
0001213900-24-069044-index-headers.html Edgar Link pending
0001213900-24-069044-index.html Edgar Link pending
0001213900-24-069044.txt Edgar Link pending
0001213900-24-069044-xbrl.zip Edgar Link pending
dror-20240630.xsd Edgar Link pending
ea0211157-10q_drorortho.htm Edgar Link pending
ea021115701ex31-1_drorortho.htm Edgar Link pending
ea021115701ex31-2_drorortho.htm Edgar Link pending
ea021115701ex32-1_drorortho.htm Edgar Link pending
ea021115701ex32-2_drorortho.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
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R2.htm Edgar Link pending
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R22.htm Edgar Link pending
R23.htm Edgar Link pending
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R25.htm Edgar Link pending
R3.htm Edgar Link pending
dror-20240630_def.xml Edgar Link unprocessable
dror-20240630_lab.xml Edgar Link unprocessable
dror-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ea0211157-10q_drorortho_htm.xml Edgar Link completed
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending