2022 Q1 Form 10-Q Financial Statement
#000106299322010183 Filed on April 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $896.4K | $930.7K |
| YoY Change | -3.68% | 15.37% |
| Cost Of Revenue | $151.3K | $91.90K |
| YoY Change | 64.65% | 32.96% |
| Gross Profit | $745.1K | $838.8K |
| YoY Change | -11.17% | 13.72% |
| Gross Profit Margin | 83.12% | 90.13% |
| Selling, General & Admin | $566.8K | $505.3K |
| YoY Change | 12.16% | -12.64% |
| % of Gross Profit | 76.07% | 60.25% |
| Research & Development | $367.3K | $337.4K |
| YoY Change | 8.87% | 17.25% |
| % of Gross Profit | 49.3% | 40.22% |
| Depreciation & Amortization | $20.00K | $30.00K |
| YoY Change | -33.33% | -25.0% |
| % of Gross Profit | 2.68% | 3.58% |
| Operating Expenses | $960.7K | $869.1K |
| YoY Change | 10.53% | -3.61% |
| Operating Profit | -$215.6K | -$30.34K |
| YoY Change | 610.56% | -81.51% |
| Interest Expense | -$10.00K | $20.00K |
| YoY Change | -150.0% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | |
| YoY Change | -100.0% | |
| Pretax Income | -$202.6K | -$30.00K |
| YoY Change | 575.37% | -81.25% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$202.6K | -$29.47K |
| YoY Change | 587.61% | -81.03% |
| Net Earnings / Revenue | -22.6% | -3.17% |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$0.02 | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 10.21M shares | |
| Diluted Shares Outstanding | 10.21M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.430M | $3.010M |
| YoY Change | -19.27% | 38.07% |
| Cash & Equivalents | $2.434M | $3.010M |
| Short-Term Investments | $0.00 | |
| Other Short-Term Assets | $80.00K | $100.0K |
| YoY Change | -20.0% | 42.86% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $410.0K | $328.1K |
| Other Receivables | $30.00K | $40.00K |
| Total Short-Term Assets | $2.960M | $3.480M |
| YoY Change | -14.94% | 23.09% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $110.0K | $470.0K |
| YoY Change | -76.6% | 96.71% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $10.00K | $40.00K |
| YoY Change | -75.0% | 33.33% |
| Total Long-Term Assets | $440.0K | $520.0K |
| YoY Change | -15.38% | -34.6% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.960M | $3.480M |
| Total Long-Term Assets | $440.0K | $520.0K |
| Total Assets | $3.400M | $4.000M |
| YoY Change | -15.0% | 10.43% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $70.00K | $140.0K |
| YoY Change | -50.0% | -43.13% |
| Accrued Expenses | $380.0K | $610.0K |
| YoY Change | -37.7% | 137.65% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $450.0K | $760.0K |
| YoY Change | -40.79% | 4.15% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $110.0K | |
| YoY Change | -66.67% | |
| Total Long-Term Liabilities | $0.00 | $110.0K |
| YoY Change | -100.0% | -66.67% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $450.0K | $760.0K |
| Total Long-Term Liabilities | $0.00 | $110.0K |
| Total Liabilities | $450.0K | $880.0K |
| YoY Change | -48.86% | -17.23% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $10.41K | |
| YoY Change | -0.4% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.951M | $3.125M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.400M | $4.000M |
| YoY Change | -15.0% | 10.43% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$202.6K | -$29.47K |
| YoY Change | 587.61% | -81.03% |
| Depreciation, Depletion And Amortization | $20.00K | $30.00K |
| YoY Change | -33.33% | -25.0% |
| Cash From Operating Activities | $120.0K | -$50.00K |
| YoY Change | -340.0% | -77.27% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $90.00K | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $40.00K |
| YoY Change | -100.0% | 300.0% |
| Cash From Investing Activities | -$90.00K | $30.00K |
| YoY Change | -400.0% | -200.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -150.0K | -50.00K |
| YoY Change | 200.0% | -79.17% |
| NET CHANGE | ||
| Cash From Operating Activities | 120.0K | -50.00K |
| Cash From Investing Activities | -90.00K | 30.00K |
| Cash From Financing Activities | -150.0K | -50.00K |
| Net Change In Cash | -120.0K | -70.00K |
| YoY Change | 71.43% | -85.71% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $120.0K | -$50.00K |
| Capital Expenditures | $90.00K | $0.00 |
| Free Cash Flow | $30.00K | -$50.00K |
| YoY Change | -160.0% | -80.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
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Commitments And Contingencies
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Commitments And Contingencies
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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Gain Loss On Disposition Of Assets1
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Earnings Per Share Basic And Diluted
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|
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Earnings Per Share Basic And Diluted
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Weighted Average Number Of Share Outstanding Basic And Diluted
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Net Income Loss
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Stock Retired During Period Value
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Operating Lease Liability Noncurrent
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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