2022 Q4 Form 10-K Financial Statement
#000106299322021911 Filed on November 14, 2022
Income Statement
| Concept | 2022 Q4 | 2022 Q3 | 2022 |
|---|---|---|---|
| Revenue | $1.021M | $990.0K | $4.024M |
| YoY Change | -10.0% | -3.88% | -3.56% |
| Cost Of Revenue | $129.4K | $180.0K | $656.8K |
| YoY Change | 10.11% | 63.64% | 66.73% |
| Gross Profit | $891.3K | $820.0K | $3.367M |
| YoY Change | -12.33% | -10.87% | -10.89% |
| Gross Profit Margin | 87.32% | 82.83% | 83.68% |
| Selling, General & Admin | $337.3K | $400.0K | $1.992M |
| YoY Change | -40.45% | -28.57% | -5.15% |
| % of Gross Profit | 37.84% | 48.78% | 59.15% |
| Research & Development | $263.4K | $150.0K | $1.100M |
| YoY Change | 1.94% | -34.78% | -7.98% |
| % of Gross Profit | 29.56% | 18.29% | 32.66% |
| Depreciation & Amortization | $33.90K | $50.00K | $129.0K |
| YoY Change | 100.54% | 66.67% | 43.26% |
| % of Gross Profit | 3.8% | 6.1% | 3.83% |
| Operating Expenses | $637.1K | $600.0K | $3.234M |
| YoY Change | -25.23% | -27.71% | -4.89% |
| Operating Profit | $254.2K | $220.0K | $133.3K |
| YoY Change | 54.47% | 144.44% | -64.79% |
| Interest Expense | $80.00K | -$20.00K | -$50.00K |
| YoY Change | 66.67% | ||
| % of Operating Profit | 31.47% | -9.09% | -37.52% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $261.9K | $190.0K | $153.4K |
| YoY Change | 58.13% | 111.11% | -59.89% |
| Income Tax | $3.600K | $0.00 | $4.348K |
| % Of Pretax Income | 1.37% | 0.0% | 2.83% |
| Net Earnings | $258.3K | $190.0K | $149.1K |
| YoY Change | 55.96% | 111.11% | -61.03% |
| Net Earnings / Revenue | 25.3% | 19.19% | 3.7% |
| Basic Earnings Per Share | $0.03 | $0.01 | |
| Diluted Earnings Per Share | $0.03 | $0.02 | $0.01 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 10.12M shares | 10.12M shares | 10.17M shares |
| Diluted Shares Outstanding | 10.12M shares | 10.17M shares |
Balance Sheet
| Concept | 2022 Q4 | 2022 Q3 | 2022 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.250M | $2.100M | $2.100M |
| YoY Change | -11.42% | -23.64% | -23.64% |
| Cash & Equivalents | $2.246M | $2.096M | $2.100M |
| Short-Term Investments | |||
| Other Short-Term Assets | $80.00K | $110.0K | $110.0K |
| YoY Change | -27.27% | 10.0% | 10.0% |
| Inventory | |||
| Prepaid Expenses | $51.83K | $83.24K | |
| Receivables | $380.1K | $483.8K | $480.0K |
| Other Receivables | $36.74K | $29.60K | $30.00K |
| Total Short-Term Assets | $2.747M | $2.726M | $2.730M |
| YoY Change | -15.99% | -17.64% | -17.52% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $268.3K | $311.8K | $310.0K |
| YoY Change | 3.2% | 117.3% | -6.06% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $758.3K | $529.7K | |
| YoY Change | 182.33% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $0.00 | $0.00 | |
| YoY Change | -100.0% | -100.0% | |
| Total Long-Term Assets | $1.027M | $841.5K | $840.0K |
| YoY Change | 90.12% | 51.1% | 50.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.747M | $2.726M | $2.730M |
| Total Long-Term Assets | $1.027M | $841.5K | $840.0K |
| Total Assets | $3.774M | $3.567M | $3.570M |
| YoY Change | -0.95% | -7.74% | -7.75% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $105.1K | $116.3K | $120.0K |
| YoY Change | 5.07% | -42.64% | -40.0% |
| Accrued Expenses | $338.6K | $319.7K | $320.0K |
| YoY Change | -29.46% | 3.19% | -40.74% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $460.5K | $457.1K | $460.0K |
| YoY Change | -21.94% | -38.9% | -38.67% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $460.5K | $457.1K | $460.0K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $460.5K | $457.1K | $460.0K |
| YoY Change | -21.94% | -38.9% | -38.67% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$5.381M | -$5.639M | |
| YoY Change | -2.58% | ||
| Common Stock | $10.12K | $10.12K | |
| YoY Change | -1.4% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.313M | $3.110M | $3.110M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.733M | $3.567M | $3.570M |
| YoY Change | -2.03% | -7.74% | -7.75% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 Q3 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $258.3K | $190.0K | $149.1K |
| YoY Change | 55.96% | 111.11% | -61.03% |
| Depreciation, Depletion And Amortization | $33.90K | $50.00K | $129.0K |
| YoY Change | 100.54% | 66.67% | 43.26% |
| Cash From Operating Activities | $459.5K | $530.0K | $307.2K |
| YoY Change | -973.21% | 488.89% | -41.92% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $310.0K | $326.3K |
| YoY Change | -100.0% | 181.82% | 628.95% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$248.3K | -$310.0K | -$692.8K |
| YoY Change | 209.28% | 181.82% | -217.26% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $179.4K | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | $0.00 | 0.000 | -$190.7K |
| YoY Change | -100.0% | -100.0% | -26.78% |
| NET CHANGE | |||
| Cash From Operating Activities | $459.5K | 530.0K | $307.2K |
| Cash From Investing Activities | -$248.3K | -310.0K | -$692.8K |
| Cash From Financing Activities | $0.00 | 0.000 | -$190.7K |
| Net Change In Cash | $150.3K | 220.0K | -$656.7K |
| YoY Change | -169.5% | -466.67% | -172.06% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $459.5K | $530.0K | $307.2K |
| Capital Expenditures | $0.00 | $310.0K | $326.3K |
| Free Cash Flow | $459.5K | $220.0K | -$19.14K |
| YoY Change | -858.02% | -1200.0% | -103.95% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | usd |
| CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
190253 | usd |
| CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3118398 | usd |
| CY2021 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
805017 | usd |
| CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
28714 | usd |
| CY2021 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
270898 | usd |
| CY2021Q3 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
35556 | usd |
| CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
0 | usd |
| CY2021Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
226978 | usd |
| CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3110287 | usd |
| CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-9498 | usd |
| CY2022 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
0 | usd |
| CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
9035 | usd |
| CY2022 | dei |
Auditor Firm
AuditorFirmId
|
995 | |
| CY2022 | dei |
Auditor Name
AuditorName
|
Smythe LLP | |
| CY2022 | dei |
Auditor Location
AuditorLocation
|
Vancouver | |
| CY2022Q3 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
0 | usd |
| CY2021 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
260405 | usd |
| CY2022 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
179401 | usd |
| CY2022 | dsny |
Impairment Expense
ImpairmentExpense
|
2683 | usd |
| CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><i><b>Use of Estimates</b></i></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make use of certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Significant estimates are related to the recoverability of long-term assets including property and equipment, intangible assets, amortization expense, and valuation of stock-based compensation.</span></span></p> </div> | |
| CY2020Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
457324 | usd |
| CY2021 | dsny |
Effect Of Foreign Exchange Rate Changes On Operating Lease Liability
EffectOfForeignExchangeRateChangesOnOperatingLeaseLiability
|
11838 | usd |
| CY2022 | dsny |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Expired Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExpiredNumberOfShares
|
7667 | shares |
| CY2022 | dsny |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Expired Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExpiredWeightedAverageGrantDateFairValue
|
1.5 |
