$DTST
Data Storage Corp

2021 Q3 Form 10-Q Financial Statement

#000173112221001932 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $3.860M $2.720M
YoY Change 41.92% 35.32%
Cost Of Revenue $2.168M $1.620M
YoY Change 33.8% 31.71%
Gross Profit $1.693M $1.100M
YoY Change 53.88% 41.03%
Gross Profit Margin 43.85% 40.44%
Selling, General & Admin $2.024M $1.020M
YoY Change 98.46% 15.91%
% of Gross Profit 119.59% 92.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $370.6K $260.0K
YoY Change 42.55% 13.04%
% of Gross Profit 21.9% 23.64%
Operating Expenses $2.024M $1.020M
YoY Change 98.46% 14.61%
Operating Profit -$331.7K $80.00K
YoY Change -514.59% -172.73%
Interest Expense -$15.73K -$40.00K
YoY Change -60.68% 0.0%
% of Operating Profit -50.0%
Other Income/Expense, Net $466.3K $0.00
YoY Change -100.0%
Pretax Income $134.6K $40.00K
YoY Change 236.45% -130.77%
Income Tax
% Of Pretax Income
Net Earnings $135.6K $50.00K
YoY Change 171.26% -141.67%
Net Earnings / Revenue 3.51% 1.84%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $20.92K $14.79K
COMMON SHARES
Basic Shares Outstanding 6.351M shares
Diluted Shares Outstanding 6.483M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.89M $600.0K
YoY Change 2048.17% 114.29%
Cash & Equivalents $12.89M $600.0K
Short-Term Investments
Other Short-Term Assets $522.0K $210.0K
YoY Change 148.55% 10.53%
Inventory
Prepaid Expenses
Receivables $1.837M $930.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.25M $1.740M
YoY Change 776.32% 72.28%
LONG-TERM ASSETS
Property, Plant & Equipment $2.506M $2.780M
YoY Change -9.87% 7.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $72.15K $50.00K
YoY Change 44.3% -28.57%
Total Long-Term Assets $11.54M $6.350M
YoY Change 81.79% -0.31%
TOTAL ASSETS
Total Short-Term Assets $15.25M $1.740M
Total Long-Term Assets $11.54M $6.350M
Total Assets $26.79M $8.090M
YoY Change 231.17% 9.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.288M $1.190M
YoY Change 8.2% 40.0%
Accrued Expenses $204.6K $100.0K
YoY Change 104.6% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $50.00K $0.00
YoY Change
Long-Term Debt Due $983.1K $1.430M
YoY Change -31.25% 22.22%
Total Short-Term Liabilities $2.905M $4.300M
YoY Change -32.45% 20.79%
LONG-TERM LIABILITIES
Long-Term Debt $1.700M
YoY Change -11.46%
Other Long-Term Liabilities $274.7K $170.0K
YoY Change 61.59% -32.0%
Total Long-Term Liabilities $0.00 $1.870M
YoY Change -100.0% -13.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.905M $4.300M
Total Long-Term Liabilities $0.00 $1.870M
Total Liabilities $4.117M $6.080M
YoY Change -32.29% 7.23%
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 $22.67M $2.010M
YoY Change
Total Liabilities & Shareholders Equity $26.79M $8.090M
YoY Change 231.17% 9.62%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $135.6K $50.00K
YoY Change 171.26% -141.67%
Depreciation, Depletion And Amortization $370.6K $260.0K
YoY Change 42.55% 13.04%
Cash From Operating Activities -$672.0K $320.0K
YoY Change -309.99% 3.23%
INVESTING ACTIVITIES
Capital Expenditures -$115.2K -$60.00K
YoY Change 91.98%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$115.2K -$60.00K
YoY Change 92.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.60M -260.0K
YoY Change -4176.95% 13.04%
NET CHANGE
Cash From Operating Activities -672.0K 320.0K
Cash From Investing Activities -115.2K -60.00K
Cash From Financing Activities 10.60M -260.0K
Net Change In Cash 9.813M -0.0000000001164
YoY Change -8429225505718273000.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$672.0K $320.0K
Capital Expenditures -$115.2K -$60.00K
Free Cash Flow -$556.8K $380.0K
YoY Change -246.52% 22.58%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 us-gaap Interest And Dividends Payable Current
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USD
CY2021Q3 us-gaap Notes Payable Current
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CY2021Q3 us-gaap Long Term Debt Noncurrent
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USD
CY2020Q4 dtst Deferred Tax Liability Long Term
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CY2021Q3 us-gaap Preferred Stock Value
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USD
CY2021Q3 dtst Gain On Contingent Liability
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CY2020Q3 dtst Gain On Contingent Liability
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dtst Gain On Contingent Liability
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CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2020Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2020Q3 dtst Gain On Forgiveness Of Debt
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dtst Gain On Forgiveness Of Debt
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CY2021Q3 us-gaap Income Tax Expense Benefit
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CY2020Q3 us-gaap Income Tax Expense Benefit
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CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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dtst Conversion Of Preferred Series To Stock
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us-gaap Stock Issued During Period Value Stock Options Exercised
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dtst Gain On Forgiveness Of Debt
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dtst Gain On Contingent Liability
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Cash Acquired From Acquisition
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dtst Cash Consideration For Business Acquisition
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Lines Of Credit
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us-gaap Proceeds From Issuance Of Common Stock
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dtst Cash Received For Exercised Of Warrants
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us-gaap Proceeds From Stock Options Exercised
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dtst Repayments Of Dividend Payable
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USD
us-gaap Income Taxes Paid
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USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD

Files In Submission

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0001731122-21-001932.txt Edgar Link pending
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dtst-20210930.xsd Edgar Link pending
dtst-20210930_cal.xml Edgar Link unprocessable
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