2022 Q1 Form 10-Q Financial Statement
#000149315222013772 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $12.30M | $4.468M |
| YoY Change | 175.38% | 5.85% |
| Cost Of Revenue | $5.443M | $3.288M |
| YoY Change | 65.54% | 24.5% |
| Gross Profit | $6.861M | $1.180M |
| YoY Change | 481.44% | -25.32% |
| Gross Profit Margin | 55.76% | 26.41% |
| Selling, General & Admin | $9.570M | $3.420M |
| YoY Change | 179.82% | 64.11% |
| % of Gross Profit | 139.48% | 289.83% |
| Research & Development | $168.0K | $244.0K |
| YoY Change | -31.15% | |
| % of Gross Profit | 2.45% | 20.68% |
| Depreciation & Amortization | $3.266M | $514.0K |
| YoY Change | 535.41% | 69.64% |
| % of Gross Profit | 47.6% | 43.56% |
| Operating Expenses | $13.60M | $4.571M |
| YoY Change | 197.62% | 83.06% |
| Operating Profit | -$6.743M | -$3.391M |
| YoY Change | 98.85% | 269.79% |
| Interest Expense | -$910.0K | -$1.624M |
| YoY Change | -43.97% | 54033.33% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$1.703M | |
| YoY Change | ||
| Pretax Income | -$8.951M | -$4.899M |
| YoY Change | 82.71% | 432.5% |
| Income Tax | -$837.0K | |
| % Of Pretax Income | ||
| Net Earnings | -$8.048M | -$3.981M |
| YoY Change | 102.16% | 109.64% |
| Net Earnings / Revenue | -65.41% | -89.1% |
| Basic Earnings Per Share | -$0.10 | |
| Diluted Earnings Per Share | -$95.10K | -$128.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 84.63M shares | |
| Diluted Shares Outstanding | 84.63M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $53.81M | $52.06M |
| YoY Change | 3.36% | 1269.31% |
| Cash & Equivalents | $53.81M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.869M | $1.451M |
| YoY Change | 28.81% | 182.3% |
| Inventory | $9.778M | $2.556M |
| Prepaid Expenses | ||
| Receivables | $6.103M | $3.806M |
| Other Receivables | $6.739M | $0.00 |
| Total Short-Term Assets | $78.30M | $59.87M |
| YoY Change | 30.77% | 521.04% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $73.79M | $4.235M |
| YoY Change | 1642.46% | -29.93% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $30.09M | $26.87M |
| YoY Change | 11.98% | 886.56% |
| Other Assets | $557.0K | $338.0K |
| YoY Change | 64.79% | 525.93% |
| Total Long-Term Assets | $203.6M | $82.93M |
| YoY Change | 145.46% | 554.94% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $78.30M | $59.87M |
| Total Long-Term Assets | $203.6M | $82.93M |
| Total Assets | $281.9M | $142.8M |
| YoY Change | 97.38% | 540.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.452M | $1.248M |
| YoY Change | 96.47% | -16.19% |
| Accrued Expenses | $17.06M | $1.936M |
| YoY Change | 780.94% | 80.09% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $6.835M | $498.0K |
| YoY Change | 1272.49% | 23.57% |
| Total Short-Term Liabilities | $26.74M | $4.340M |
| YoY Change | 516.22% | 4.4% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $59.40M | $1.661M |
| YoY Change | 3476.04% | -31.56% |
| Other Long-Term Liabilities | $1.662M | $525.0K |
| YoY Change | 216.57% | -58.23% |
| Total Long-Term Liabilities | $61.06M | $2.186M |
| YoY Change | 2693.23% | -40.66% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $26.74M | $4.340M |
| Total Long-Term Liabilities | $61.06M | $2.186M |
| Total Liabilities | $124.1M | $12.59M |
| YoY Change | 886.41% | 60.99% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $157.7M | $130.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $281.9M | $142.8M |
| YoY Change | 97.38% | 540.29% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$8.048M | -$3.981M |
| YoY Change | 102.16% | 109.64% |
| Depreciation, Depletion And Amortization | $3.266M | $514.0K |
| YoY Change | 535.41% | 69.64% |
| Cash From Operating Activities | -$6.070M | -$8.043M |
| YoY Change | -24.53% | 1614.93% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$942.0K | -$72.00K |
| YoY Change | 1208.33% | 5.88% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$4.417M | -$6.377M |
| YoY Change | -30.74% | 498.78% |
| Cash From Investing Activities | -$5.359M | -$6.449M |
| YoY Change | -16.9% | 469.2% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $246.0K | |
| YoY Change | ||
| Cash From Financing Activities | 8.645M | 61.09M |
| YoY Change | -85.85% | 1318.04% |
| NET CHANGE | ||
| Cash From Operating Activities | -6.070M | -8.043M |
| Cash From Investing Activities | -5.359M | -6.449M |
| Cash From Financing Activities | 8.645M | 61.09M |
| Net Change In Cash | -2.784M | 46.60M |
| YoY Change | -105.97% | 1621.99% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$6.070M | -$8.043M |
| Capital Expenditures | -$942.0K | -$72.00K |
| Free Cash Flow | -$5.128M | -$7.971M |
| YoY Change | -35.67% | 1887.78% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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| CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
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Asset Impairment Charges
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Deferred Income Tax Expense Benefit
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| CY2022Q1 | DSS |
Payment To Acquire Real Estate
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Debt Conversion To Equity In Subsidiary
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Termination Of Right Of Use Lease Asset
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Goodwill Impairment Loss
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