2021 Q4 Form 10-K Financial Statement

#000156459022011698 Filed on March 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.203M $13.13M $3.320M
YoY Change -3.52% 30.67% 242.27%
% of Gross Profit
Research & Development $6.182M $23.74M $3.040M
YoY Change 103.36% 287.13% 128.57%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $9.385M $23.74M $6.360M
YoY Change 47.56% 287.13% 176.52%
Operating Profit -$36.87M
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $7.000K $40.00K
YoY Change -100.0% -91.14% 100.0%
Pretax Income -$9.385M -$36.86M -$6.310M
YoY Change 48.73% 58.78% 52.42%
Income Tax -$579.0K -$2.354M -$400.0K
% Of Pretax Income
Net Earnings -$8.806M -$34.50M -$5.900M
YoY Change 49.25% 51.24% 42.51%
Net Earnings / Revenue
Basic Earnings Per Share -$2.33
Diluted Earnings Per Share -$594.4K -$2.328M -$2.115M
COMMON SHARES
Basic Shares Outstanding 14.82M 1.431M
Diluted Shares Outstanding 14.82M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.83M $84.83M $114.2M
YoY Change -25.72% -25.72% 1197.73%
Cash & Equivalents $84.83M $84.83M $114.2M
Short-Term Investments
Other Short-Term Assets $34.00K $3.513M $38.00K
YoY Change -10.53% 170.23% -29.63%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $88.35M $88.35M $115.6M
YoY Change -23.6% -23.58% 1059.66%
LONG-TERM ASSETS
Property, Plant & Equipment $768.0K $768.0K $100.0K
YoY Change 668.0% 668.0% 1900.0%
Goodwill $48.65M $48.65M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $400.0K $400.0K $383.0K
YoY Change 4.44% 0.0% -40.06%
Total Long-Term Assets $82.20M $82.20M $81.56M
YoY Change 0.79% 0.74% 8395.31%
TOTAL ASSETS
Total Short-Term Assets $88.35M $88.35M $115.6M
Total Long-Term Assets $82.20M $82.20M $81.56M
Total Assets $170.5M $170.5M $197.2M
YoY Change -13.51% -13.52% 1703.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.813M $1.813M $1.366M
YoY Change 32.72% 29.5% 315.2%
Accrued Expenses $2.588M $2.588M $1.100M
YoY Change 135.27% 135.27% 10.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.401M $4.401M $2.483M
YoY Change 77.25% 76.04% 87.82%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $400.0K $400.0K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $400.0K $400.0K $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.401M $4.401M $2.483M
Total Long-Term Liabilities $400.0K $400.0K $0.00
Total Liabilities $6.553M $6.553M $6.589M
YoY Change -0.55% -0.71% 349.45%
SHAREHOLDERS EQUITY
Retained Earnings -$114.9M -$80.39M
YoY Change 42.92% 39.61%
Common Stock $278.9M $271.0M
YoY Change 2.92% 304.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $164.0M $164.0M $190.6M
YoY Change
Total Liabilities & Shareholders Equity $170.5M $170.5M $197.2M
YoY Change -13.51% -13.52% 1703.91%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$8.806M -$34.50M -$5.900M
YoY Change 49.25% 51.24% 42.51%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Operating Activities -$9.208M -$28.90M -$9.430M
YoY Change -2.35% 89.98% 364.53%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -449.0K 9.160M
YoY Change -100.0% -100.41%
NET CHANGE
Cash From Operating Activities -9.208M -28.90M -9.430M
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 0.000 -449.0K 9.160M
Net Change In Cash -9.208M -29.36M -270.0K
YoY Change 3310.37% -127.86% -86.7%
FREE CASH FLOW
Cash From Operating Activities -$9.208M -$28.90M -$9.430M
Capital Expenditures
Free Cash Flow
YoY Change

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