2023 Q3 Form 10-K Financial Statement
#000106299323018559 Filed on September 28, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 | 2023 |
|---|---|---|---|
| Revenue | $9.352M | $8.440M | $40.61M |
| YoY Change | -22.41% | -24.59% | -8.41% |
| Cost Of Revenue | $7.046M | $7.200M | $30.46M |
| YoY Change | -16.22% | -16.03% | -9.52% |
| Gross Profit | $2.306M | $1.240M | $10.15M |
| YoY Change | -36.7% | -52.62% | -4.9% |
| Gross Profit Margin | 24.66% | 14.69% | 24.99% |
| Selling, General & Admin | $2.546M | $3.590M | $15.00M |
| YoY Change | -38.18% | -12.54% | -2.77% |
| % of Gross Profit | 110.39% | 289.52% | 147.8% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $320.0K | $340.0K | $421.5K |
| YoY Change | -7.01% | -2.9% | 7.05% |
| % of Gross Profit | 13.88% | 27.42% | 4.15% |
| Operating Expenses | $2.546M | $3.590M | $15.00M |
| YoY Change | -38.18% | -12.54% | -2.77% |
| Operating Profit | -$239.5K | -$2.350M | -$4.852M |
| YoY Change | -49.58% | 57.99% | 2.01% |
| Interest Expense | $79.68K | -$20.00K | $118.3K |
| YoY Change | 153.32% | -43.13% | -20.06% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$79.68K | $0.00 | -$121.7K |
| YoY Change | 157.59% | -100.0% | -115.95% |
| Pretax Income | -$319.2K | -$2.390M | -$4.973M |
| YoY Change | -163.09% | 52.65% | 24.55% |
| Income Tax | $11.48K | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$330.7K | -$2.381M | -$4.973M |
| YoY Change | -34.64% | 52.08% | 24.55% |
| Net Earnings / Revenue | -3.54% | -28.21% | -12.25% |
| Basic Earnings Per Share | -$0.12 | -$1.46 | |
| Diluted Earnings Per Share | -$0.12 | -$0.63 | -$1.46 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 4.260M shares | 4.045M shares | 3.871M shares |
| Diluted Shares Outstanding | 4.262M shares | 3.871M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 | 2023 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $430.0K | $400.0K | $400.0K |
| YoY Change | -46.49% | -27.29% | -27.29% |
| Cash & Equivalents | $432.7K | $398.8K | $400.0K |
| Short-Term Investments | |||
| Other Short-Term Assets | $1.470M | $850.0K | $850.0K |
| YoY Change | 126.79% | 14.55% | 14.55% |
| Inventory | $6.838M | $7.403M | $7.400M |
| Prepaid Expenses | $1.324M | $701.5K | |
| Receivables | $4.260M | $3.722M | $3.720M |
| Other Receivables | $215.6K | $39.68K | $40.00K |
| Total Short-Term Assets | $13.22M | $12.42M | $12.42M |
| YoY Change | -31.62% | -35.41% | -35.4% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.317M | $2.448M | $6.080M |
| YoY Change | -15.51% | -15.91% | 35.81% |
| Goodwill | $7.117M | $7.117M | |
| YoY Change | 0.0% | 0.0% | |
| Intangibles | $3.464M | $3.618M | |
| YoY Change | -15.15% | -14.68% | |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $820.0K | $830.0K | $830.0K |
| YoY Change | 124.45% | 122.08% | 122.08% |
| Total Long-Term Assets | $17.12M | $17.64M | $17.64M |
| YoY Change | 9.46% | 8.86% | 8.83% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $13.22M | $12.42M | $12.42M |
| Total Long-Term Assets | $17.12M | $17.64M | $17.64M |
| Total Assets | $30.35M | $30.06M | $30.06M |
| YoY Change | -13.25% | -15.16% | -15.17% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.873M | $4.530M | $4.530M |
| YoY Change | -44.11% | -26.57% | -26.57% |
| Accrued Expenses | $1.067M | $891.5K | $2.840M |
| YoY Change | 71.12% | 3.37% | -7.44% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $1.800M | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $290.0K | $0.00 | $290.0K |
| YoY Change | 15179.24% | -100.0% | -11.17% |
| Total Short-Term Liabilities | $8.903M | $7.941M | $7.940M |
| YoY Change | -12.5% | -20.07% | -20.08% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.660M | $1.730M | $1.730M |
| YoY Change | -11.34% | -10.76% | |
| Other Long-Term Liabilities | $200.1K | $201.7K | $3.530M |
| YoY Change | -2.68% | -89.16% | 89.63% |
| Total Long-Term Liabilities | $200.1K | $201.7K | $5.260M |
| YoY Change | -2.68% | 38.42% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $8.903M | $7.941M | $7.940M |
| Total Long-Term Liabilities | $200.1K | $201.7K | $5.260M |
| Total Liabilities | $13.80M | $13.21M | $13.21M |
| YoY Change | 0.53% | -3.85% | -3.83% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$26.01M | -$25.48M | |
| YoY Change | 26.92% | 28.59% | |
| Common Stock | $34.57M | $34.36M | |
| YoY Change | 2.39% | 2.45% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $16.55M | $16.86M | $16.86M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $30.35M | $30.06M | $30.06M |
| YoY Change | -13.25% | -15.16% | -15.17% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 | 2023 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$330.7K | -$2.381M | -$4.973M |
| YoY Change | -34.64% | 52.08% | 24.55% |
| Depreciation, Depletion And Amortization | $320.0K | $340.0K | $421.5K |
| YoY Change | -7.01% | -2.9% | 7.05% |
| Cash From Operating Activities | -$1.665M | -$30.00K | $371.1K |
| YoY Change | -557.18% | -98.15% | -107.6% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $34.61K | $10.00K | $186.9K |
| YoY Change | 74.92% | -117.71% | -41.21% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$34.61K | -$10.00K | -$186.9K |
| YoY Change | 74.92% | -82.29% | -41.21% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $0.00 | $5.362K | |
| YoY Change | -100.0% | ||
| Cash From Financing Activities | $1.734M | -70.00K | -$332.7K |
| YoY Change | -2005.98% | -21.86% | -4.97% |
| NET CHANGE | |||
| Cash From Operating Activities | -$1.665M | -30.00K | $371.1K |
| Cash From Investing Activities | -$34.61K | -10.00K | -$186.9K |
| Cash From Financing Activities | $1.734M | -70.00K | -$332.7K |
| Net Change In Cash | $33.89K | -110.0K | -$148.4K |
| YoY Change | -86.63% | -93.79% | -97.33% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.665M | -$30.00K | $371.1K |
| Capital Expenditures | $34.61K | $10.00K | $186.9K |
| Free Cash Flow | -$1.700M | -$40.00K | $184.3K |
| YoY Change | -593.49% | -97.45% | -103.54% |
Facts In Submission
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