2022 Q4 Form 10-Q Financial Statement

#000095017022024490 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.731M $2.262M $5.035M
YoY Change -26.55% -55.07% 64.01%
% of Gross Profit
Research & Development $3.297M $4.880M $5.210M
YoY Change -58.33% -6.33% 53.24%
% of Gross Profit
Depreciation & Amortization $10.00K $23.00K $30.00K
YoY Change -64.29% -23.33% 87.5%
% of Gross Profit
Operating Expenses $6.028M $7.142M $10.25M
YoY Change -48.17% -30.29% 62.72%
Operating Profit -$7.142M -$10.25M
YoY Change -30.29% 62.72%
Interest Expense -$368.0K -$366.0K -$180.0K
YoY Change -20.0% 103.33% -43.75%
% of Operating Profit
Other Income/Expense, Net $77.00K -$366.0K $360.0K
YoY Change -201.67% -212.15%
Pretax Income -$6.319M -$7.508M -$9.885M
YoY Change -47.73% -24.05% 49.32%
Income Tax
% Of Pretax Income
Net Earnings -$6.319M -$7.508M -$9.885M
YoY Change -47.73% -24.05% 49.39%
Net Earnings / Revenue
Basic Earnings Per Share -$0.09 -$0.11
Diluted Earnings Per Share -$2.92 -$0.09 -$114.7K
COMMON SHARES
Basic Shares Outstanding 86.66M 86.66M 86.21M
Diluted Shares Outstanding 86.66M 86.21M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.20M $24.55M $52.43M
YoY Change -54.58% -53.17% 71.4%
Cash & Equivalents $19.20M $24.55M $52.43M
Short-Term Investments $0.00
Other Short-Term Assets $922.0K $1.117M $1.110M
YoY Change -23.93% 0.63% -31.48%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $20.13M $25.67M $53.54M
YoY Change -53.71% -52.05% 66.23%
LONG-TERM ASSETS
Property, Plant & Equipment $169.0K $215.0K $224.0K
YoY Change -21.76% -4.02% 50.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $994.0K $1.208M $1.841M
YoY Change -40.08% -34.38% 151.5%
TOTAL ASSETS
Total Short-Term Assets $20.13M $25.67M $53.54M
Total Long-Term Assets $994.0K $1.208M $1.841M
Total Assets $21.12M $26.88M $55.38M
YoY Change -53.2% -51.47% 68.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.020M $1.595M $2.509M
YoY Change 119.0% -36.43% 293.26%
Accrued Expenses $2.799M $4.518M $2.611M
YoY Change -33.29% 73.04% -15.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.980M $2.530M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $23.09M $21.68M $9.510M
YoY Change 131.95% 127.97% -4.8%
LONG-TERM LIABILITIES
Long-Term Debt $8.557M $9.863M $11.91M
YoY Change -28.67% -17.19% 52.26%
Other Long-Term Liabilities $135.0K $318.0K $964.0K
YoY Change -83.21% -67.01% 1506.67%
Total Long-Term Liabilities $8.557M $9.863M $11.91M
YoY Change -28.67% -17.19% 52.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.09M $21.68M $9.510M
Total Long-Term Liabilities $8.557M $9.863M $11.91M
Total Liabilities $31.78M $31.86M $22.39M
YoY Change 39.67% 42.33% 25.31%
SHAREHOLDERS EQUITY
Retained Earnings -$274.4M -$268.1M -$226.2M
YoY Change 15.14% 18.52% 36.68%
Common Stock $263.7M $265.3M
YoY Change 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$10.66M -$4.982M $33.00M
YoY Change
Total Liabilities & Shareholders Equity $21.12M $26.88M $55.38M
YoY Change -53.2% -51.47% 68.12%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$6.319M -$7.508M -$9.885M
YoY Change -47.73% -24.05% 49.39%
Depreciation, Depletion And Amortization $10.00K $23.00K $30.00K
YoY Change -64.29% -23.33% 87.5%
Cash From Operating Activities -$5.661M -$6.946M -$7.588M
YoY Change -43.0% -8.46% 44.26%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$48.00K -$69.00K
YoY Change -100.0% -30.43%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 -$48.00K -$69.00K
YoY Change -100.0% -30.43% -101.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 312.0K 1.500M 3.355M
YoY Change -295.0% -55.29% -368.4%
NET CHANGE
Cash From Operating Activities -5.661M -6.946M -7.588M
Cash From Investing Activities 0.000 -48.00K -69.00K
Cash From Financing Activities 312.0K 1.500M 3.355M
Net Change In Cash -5.349M -5.494M -4.302M
YoY Change -47.1% 27.71% -1892.5%
FREE CASH FLOW
Cash From Operating Activities -$5.661M -$6.946M -$7.588M
Capital Expenditures $0.00 -$48.00K -$69.00K
Free Cash Flow -$5.661M -$6.898M -$7.519M
YoY Change -42.88% -8.26%

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CY2022Q3 elox Change In Fair Value Of Derivative Liabilities
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us-gaap Stockholders Equity Reverse Stock Split
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