2024 Q1 Form 10-Q Financial Statement
#000106299324000877 Filed on January 16, 2024
Income Statement
| Concept | 2024 Q1 | 2023 Q4 |
|---|---|---|
| Revenue | $986.3K | $1.155M |
| YoY Change | 9.71% | 13.13% |
| Cost Of Revenue | $135.3K | $163.4K |
| YoY Change | 6.91% | 26.24% |
| Gross Profit | $851.0K | $991.4K |
| YoY Change | 10.17% | 11.23% |
| Gross Profit Margin | 86.28% | 85.85% |
| Selling, General & Admin | $490.3K | $363.7K |
| YoY Change | 13.05% | 7.85% |
| % of Gross Profit | 57.61% | 36.69% |
| Research & Development | $419.2K | $308.5K |
| YoY Change | 33.97% | 17.13% |
| % of Gross Profit | 49.26% | 31.12% |
| Depreciation & Amortization | $83.08K | $77.47K |
| YoY Change | 176.94% | 128.52% |
| % of Gross Profit | 9.76% | 7.81% |
| Operating Expenses | $996.5K | $753.4K |
| YoY Change | 27.34% | 18.26% |
| Operating Profit | -$145.5K | $238.0K |
| YoY Change | 1347.06% | -6.38% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$130.0K | $249.5K |
| YoY Change | 10089.03% | -4.72% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | |
| Net Earnings | -$130.0K | $249.5K |
| YoY Change | 10089.03% | -3.39% |
| Net Earnings / Revenue | -13.18% | 21.61% |
| Basic Earnings Per Share | -$0.01 | $0.02 |
| Diluted Earnings Per Share | -$0.01 | $0.02 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 9.821M shares | 9.925M shares |
| Diluted Shares Outstanding | 10.11M shares | 10.29M shares |
Balance Sheet
| Concept | 2024 Q1 | 2023 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $1.540M | $1.832M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | $40.30K | $51.12K |
| Receivables | $634.5K | $622.8K |
| Other Receivables | $63.75K | $56.33K |
| Total Short-Term Assets | $2.310M | $2.595M |
| YoY Change | -12.37% | -5.55% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $531.9K | $586.4K |
| YoY Change | 123.94% | 118.56% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $872.8K | $796.5K |
| YoY Change | -8.5% | 5.03% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $1.405M | $1.383M |
| YoY Change | 17.91% | 34.71% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.310M | $2.595M |
| Total Long-Term Assets | $1.405M | $1.383M |
| Total Assets | $3.715M | $3.978M |
| YoY Change | -2.95% | 5.4% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $101.1K | $92.66K |
| YoY Change | -1.95% | -11.81% |
| Accrued Expenses | $294.0K | $304.0K |
| YoY Change | -20.0% | -10.2% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $414.4K | $424.2K |
| YoY Change | -16.56% | -7.9% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | ||
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | ||
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $414.4K | $424.2K |
| Total Long-Term Liabilities | ||
| Total Liabilities | $414.4K | $424.2K |
| YoY Change | -16.56% | -7.9% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$5.185M | -$5.055M |
| YoY Change | -3.67% | -6.06% |
| Common Stock | $9.787K | $9.924K |
| YoY Change | -3.31% | -1.96% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $3.301M | $3.553M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.715M | $3.978M |
| YoY Change | -2.95% | 6.56% |
Cashflow Statement
| Concept | 2024 Q1 | 2023 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$130.0K | $249.5K |
| YoY Change | 10089.03% | -3.39% |
| Depreciation, Depletion And Amortization | $83.08K | $77.47K |
| YoY Change | 176.94% | 128.52% |
| Cash From Operating Activities | $188.8K | |
| YoY Change | -58.92% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $23.34K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$177.4K | |
| YoY Change | -28.56% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$170.8K | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | $188.8K | |
| Cash From Investing Activities | -$177.4K | |
| Cash From Financing Activities | -$170.8K | |
| Net Change In Cash | -$170.4K | |
| YoY Change | -213.39% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $188.8K | |
| Capital Expenditures | $23.34K | |
| Free Cash Flow | $165.4K | |
| YoY Change | -64.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
129447 | usd |
| CY2023Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
| CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
| CY2023Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
163418 | usd |
| CY2023Q4 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
13805 | usd |
| CY2024Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
9820710 | shares |
| CY2023Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
| CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 |
