2024 Q1 Form 10-K Financial Statement

#000168316824000266 Filed on January 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q3 2023
Revenue $3.522M $5.215M $39.18M
YoY Change -69.58% -63.5% -33.14%
Cost Of Revenue $1.869M $2.660M $21.97M
YoY Change -71.64% -68.62% -38.98%
Gross Profit $1.653M $2.555M $17.20M
YoY Change -66.86% -56.03% -23.82%
Gross Profit Margin 46.93% 48.99% 43.91%
Selling, General & Admin $3.413M $15.45M $36.84M
YoY Change -40.23% 63.33% -18.38%
% of Gross Profit 206.47% 604.69% 214.17%
Research & Development $164.7K $257.4K $1.074M
YoY Change -31.97% 27.1% -69.08%
% of Gross Profit 9.96% 10.08% 6.24%
Depreciation & Amortization $35.71K $1.681M $6.971M
YoY Change -97.98% 4.63% 9.31%
% of Gross Profit 2.16% 65.81% 40.52%
Operating Expenses $3.578M $17.22M $82.91M
YoY Change -39.89% 78.31% 50.13%
Operating Profit -$1.925M -$14.67M -$65.71M
YoY Change 99.59% 280.94% 101.29%
Interest Expense $1.705M -$1.164M $17.11M
YoY Change -36.58% -61.02% 72.96%
% of Operating Profit
Other Income/Expense, Net -$3.121M $80.53K -$18.54M
YoY Change 2.41% 111.03%
Pretax Income -$5.046M -$28.94M -$84.24M
YoY Change 25.77% 146.82% 103.35%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.046M -$28.94M -$84.24M
YoY Change 25.77% 119.11% 103.35%
Net Earnings / Revenue -143.24% -555.07% -215.03%
Basic Earnings Per Share -$0.34 -$32.23
Diluted Earnings Per Share -$0.34 -$3.30 -$32.23
COMMON SHARES
Basic Shares Outstanding 14.98M shares 300.2M shares 2.741M shares
Diluted Shares Outstanding 14.98M shares 2.741M shares

Balance Sheet

Concept 2024 Q1 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $633.0K $304.7K $304.7K
YoY Change -81.75% -94.45% -94.45%
Cash & Equivalents $633.0K $304.7K
Short-Term Investments
Other Short-Term Assets $990.3K $1.331M $1.331M
YoY Change -17.52% -55.9% -55.9%
Inventory
Prepaid Expenses
Receivables $552.4K $643.3K $643.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.176M $2.279M $2.279M
YoY Change -66.37% -77.55% -77.55%
LONG-TERM ASSETS
Property, Plant & Equipment $94.01K $161.2K $161.2K
YoY Change -82.38% -70.5% -70.5%
Goodwill $9.146M $8.963M
YoY Change -73.26% -70.77%
Intangibles $3.130M $3.702M
YoY Change -88.52% -86.56%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $12.37M $12.83M $12.83M
YoY Change -80.05% -78.17% -78.17%
TOTAL ASSETS
Total Short-Term Assets $2.176M $2.279M $2.279M
Total Long-Term Assets $12.37M $12.83M $12.83M
Total Assets $14.55M $15.10M $15.10M
YoY Change -78.76% -78.08% -78.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.22M $22.78M $22.78M
YoY Change 171.85% 70.15% 70.15%
Accrued Expenses $0.00 $0.00
YoY Change -100.0% -100.0%
Deferred Revenue $821.3K $937.9K
YoY Change -18.39% -26.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $46.10M $39.25M $39.25M
YoY Change 127.49% 85.13% 85.13%
Total Short-Term Liabilities $70.14M $62.97M $62.97M
YoY Change 134.65% 74.95% 74.95%
LONG-TERM LIABILITIES
Long-Term Debt $586.5K $559.6K $559.6K
YoY Change -95.44% -94.98% -94.98%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $586.5K $559.6K $559.6K
YoY Change -95.44% -94.98% -94.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.14M $62.97M $62.97M
Total Long-Term Liabilities $586.5K $559.6K $559.6K
Total Liabilities $70.73M $63.52M $63.52M
YoY Change 65.43% 34.77% 34.77%
SHAREHOLDERS EQUITY
Retained Earnings -$160.0M -$151.2M
YoY Change 106.5% 140.59%
Common Stock $14.98K $14.98K
YoY Change -40.42% -10.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$56.18M -$48.42M -$48.42M
YoY Change
Total Liabilities & Shareholders Equity $14.55M $15.10M $15.10M
YoY Change -78.76% -78.08% -78.08%

Cashflow Statement

Concept 2024 Q1 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$5.046M -$28.94M -$84.24M
YoY Change 25.77% 119.11% 103.35%
Depreciation, Depletion And Amortization $35.71K $1.681M $6.971M
YoY Change -97.98% 4.63% 9.31%
Cash From Operating Activities -$3.418M -$2.451M -$10.01M
YoY Change -37.01% 0.29% -12.19%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $50.00 $11.39K
YoY Change -100.0% -100.08% -100.95%
Acquisitions
YoY Change
Other Investing Activities $23.77K $23.77K
YoY Change -496.17% -100.04%
Cash From Investing Activities $0.00 $23.72K $12.38K
YoY Change -100.0% -136.25% -100.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.100M 1.650M $3.546M
YoY Change -28.13% -437.06% -94.43%
NET CHANGE
Cash From Operating Activities -3.418M -2.451M -$10.01M
Cash From Investing Activities 0.000 23.72K $12.38K
Cash From Financing Activities 2.100M 1.650M $3.546M
Net Change In Cash -1.318M -777.6K -$5.182M
YoY Change -47.42% -74.07% 44.79%
FREE CASH FLOW
Cash From Operating Activities -$3.418M -$2.451M -$10.01M
Capital Expenditures $0.00 $50.00 $11.39K
Free Cash Flow -$3.418M -$2.451M -$10.02M
YoY Change -37.04% 2.8% -1.73%

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Files In Submission

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