2023 Q2 Form 10-Q Financial Statement
#000106299323009228 Filed on April 17, 2023
Income Statement
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
|---|---|---|---|
| Revenue | $1.068M | $899.0K | $896.4K |
| YoY Change | 6.88% | 0.29% | -3.68% |
| Cost Of Revenue | $133.8K | $126.6K | $151.3K |
| YoY Change | -36.19% | -16.34% | 64.65% |
| Gross Profit | $934.3K | $772.4K | $745.1K |
| YoY Change | 18.31% | 3.67% | -11.17% |
| Gross Profit Margin | 87.48% | 85.92% | 83.12% |
| Selling, General & Admin | $552.2K | $433.6K | $566.8K |
| YoY Change | 27.78% | -23.49% | 12.16% |
| % of Gross Profit | 59.11% | 56.14% | 76.07% |
| Research & Development | $247.4K | $312.9K | $367.3K |
| YoY Change | -24.14% | -14.81% | 8.87% |
| % of Gross Profit | 26.48% | 40.51% | 49.3% |
| Depreciation & Amortization | $34.32K | $30.00K | $20.00K |
| YoY Change | 4.46% | 50.0% | -33.33% |
| % of Gross Profit | 3.67% | 3.88% | 2.68% |
| Operating Expenses | $836.8K | $782.5K | $960.7K |
| YoY Change | 5.31% | -18.55% | 10.53% |
| Operating Profit | $97.46K | -$10.05K | -$215.6K |
| YoY Change | -2077.66% | -95.34% | 610.56% |
| Interest Expense | $20.00K | $40.00K | -$10.00K |
| YoY Change | -166.67% | -500.0% | -150.0% |
| % of Operating Profit | 20.52% | ||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $107.1K | -$1.276K | -$202.6K |
| YoY Change | -3402.04% | -99.37% | 575.37% |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | ||
| Net Earnings | $107.1K | -$1.276K | -$202.6K |
| YoY Change | -3402.04% | -99.37% | 587.61% |
| Net Earnings / Revenue | 10.02% | -0.14% | -22.6% |
| Basic Earnings Per Share | $0.01 | $0.00 | -$0.02 |
| Diluted Earnings Per Share | $0.01 | $0.00 | -$0.02 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 10.12M shares | 10.12M shares | 10.21M shares |
| Diluted Shares Outstanding | 10.12M shares | 10.12M shares | 10.21M shares |
Balance Sheet
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.830M | $1.970M | $2.430M |
| YoY Change | -6.15% | -18.93% | -19.27% |
| Cash & Equivalents | $1.825M | $1.974M | $2.434M |
| Short-Term Investments | |||
| Other Short-Term Assets | $80.00K | $80.00K | $80.00K |
| YoY Change | -20.0% | 0.0% | -20.0% |
| Inventory | |||
| Prepaid Expenses | $47.07K | $50.10K | |
| Receivables | $561.4K | $532.0K | $410.0K |
| Other Receivables | $51.04K | $48.32K | $30.00K |
| Total Short-Term Assets | $2.517M | $2.636M | $2.960M |
| YoY Change | -12.54% | -10.93% | -14.94% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $206.4K | $237.5K | $110.0K |
| YoY Change | -42.58% | 115.91% | -76.6% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $1.200M | $953.8K | |
| YoY Change | 371.39% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $10.00K | ||
| YoY Change | -75.0% | ||
| Total Long-Term Assets | $1.406M | $1.191M | $440.0K |
| YoY Change | 129.01% | 170.75% | -15.38% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.517M | $2.636M | $2.960M |
| Total Long-Term Assets | $1.406M | $1.191M | $440.0K |
| Total Assets | $3.923M | $3.828M | $3.400M |
| YoY Change | 12.35% | 12.58% | -15.0% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $108.8K | $103.1K | $70.00K |
| YoY Change | -6.35% | 47.25% | -50.0% |
| Accrued Expenses | $300.1K | $367.5K | $380.0K |
| YoY Change | -0.42% | -3.28% | -37.7% |
| 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 | $449.7K | $496.7K | $450.0K |
| YoY Change | 1.48% | 10.37% | -40.79% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | ||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $449.7K | $496.7K | $450.0K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $449.7K | $496.7K | $450.0K |
| YoY Change | 1.48% | 10.37% | -48.86% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$5.275M | -$5.382M | |
| YoY Change | -9.49% | ||
| Common Stock | $10.12K | $10.12K | |
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.473M | $3.331M | $2.951M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.923M | $3.828M | $3.400M |
| YoY Change | 12.35% | 12.58% | -15.0% |
Cashflow Statement
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $107.1K | -$1.276K | -$202.6K |
| YoY Change | -3402.04% | -99.37% | 587.61% |
| Depreciation, Depletion And Amortization | $34.32K | $30.00K | $20.00K |
| YoY Change | 4.46% | 50.0% | -33.33% |
| Cash From Operating Activities | $110.0K | -$60.00K | $120.0K |
| YoY Change | -137.93% | -150.0% | -340.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $250.0K | $210.0K | $90.00K |
| YoY Change | 19.05% | 133.33% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$250.0K | -$210.0K | -$90.00K |
| YoY Change | 19.05% | 133.33% | -400.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 0.000 | -150.0K |
| YoY Change | -100.0% | 200.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | 110.0K | -60.00K | 120.0K |
| Cash From Investing Activities | -250.0K | -210.0K | -90.00K |
| Cash From Financing Activities | 0.000 | 0.000 | -150.0K |
| Net Change In Cash | -140.0K | -270.0K | -120.0K |
| YoY Change | -72.0% | 125.0% | 71.43% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $110.0K | -$60.00K | $120.0K |
| Capital Expenditures | $250.0K | $210.0K | $90.00K |
| Free Cash Flow | -$140.0K | -$270.0K | $30.00K |
| YoY Change | -72.0% | -1000.0% | -160.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
576000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10122261 | shares |
| CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
478476 | usd |
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y10M28D | ||
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10122261 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10259374 | shares | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10208956 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10122261 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10259374 | shares | |
| CY2022Q1 | dsny |
Stock Retired During Period Value
StockRetiredDuringPeriodValue
|
135235 | usd |
| CY2022Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
8776 | usd |
