2022 Q3 Form 10-Q Financial Statement
#000164033422001865 Filed on August 22, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $0.00 | ||
YoY Change | |||
Gross Profit | $0.00 | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $112.7K | $120.4K | $118.7K |
YoY Change | -9.19% | 7.93% | 2.26% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $11.20K | $14.36K | $18.64K |
YoY Change | -39.46% | -21.27% | -74.48% |
% of Gross Profit | |||
Operating Expenses | $112.7K | $120.4K | $118.7K |
YoY Change | -9.2% | 7.93% | 2.26% |
Operating Profit | -$112.7K | -$120.4K | |
YoY Change | -9.2% | 7.93% | |
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $155.00 | $833.00 | -$170.00 |
YoY Change | -162.0% | -200.0% | |
Pretax Income | -$112.6K | -$119.6K | -$118.8K |
YoY Change | -9.5% | 7.19% | 2.55% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$112.6K | -$119.6K | -$118.8K |
YoY Change | -9.5% | 7.19% | 2.55% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$56.73K | -$301.3K | -$59.91K |
COMMON SHARES | |||
Basic Shares Outstanding | 1.984M shares | 9.918M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.110K | $1.540K | $530.00 |
YoY Change | 290.74% | 258.14% | 76.67% |
Cash & Equivalents | $2.108K | $1.544K | $525.00 |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $9.761K | $8.735K | $6.840K |
YoY Change | 129.13% | 197.31% | 242.86% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $26.43K | $39.81K | $6.480K |
YoY Change | -39.89% | -36.32% | -91.86% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $26.43K | $39.81K | $6.481K |
YoY Change | -39.9% | -36.32% | -91.86% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.761K | $8.735K | $6.840K |
Total Long-Term Assets | $26.43K | $39.81K | $6.481K |
Total Assets | $36.19K | $48.55K | $13.32K |
YoY Change | -24.97% | -25.83% | -83.68% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $204.1K | $196.7K | $177.4K |
YoY Change | 126.91% | 97.12% | 77.95% |
Accrued Expenses | $26.87K | $40.27K | $26.48K |
YoY Change | -57.42% | -50.7% | -73.12% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $242.6K | $236.0K | $228.7K |
YoY Change | 39.96% | 35.98% | 33.21% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.596M | $2.556M | $2.458M |
YoY Change | 16.01% | 19.86% | 21.37% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.596M | $2.556M | $2.458M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $2.596M | $2.556M | $2.458M |
YoY Change | 16.01% | 19.86% | 21.37% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.634M | -$2.521M | -$2.401M |
YoY Change | 23.59% | 24.54% | |
Common Stock | $1.984K | $1.984K | $1.984K |
YoY Change | -80.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.560M | -$2.508M | -$2.444M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $36.19K | $48.55K | $13.32K |
YoY Change | -24.97% | -25.83% | -83.68% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$112.6K | -$119.6K | -$118.8K |
YoY Change | -9.5% | 7.19% | 2.55% |
Depreciation, Depletion And Amortization | $11.20K | $14.36K | $18.64K |
YoY Change | -39.46% | -21.27% | -74.48% |
Cash From Operating Activities | -$41.62K | -$48.23K | -$35.36K |
YoY Change | -26.26% | 19.8% | -78.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 42.21K | $49.27K | 35.27K |
YoY Change | -25.37% | 22.0% | -78.39% |
NET CHANGE | |||
Cash From Operating Activities | -41.62K | -$48.23K | -35.36K |
Cash From Investing Activities | 0.000 | $0.00 | 0.000 |
Cash From Financing Activities | 42.21K | $49.27K | 35.27K |
Net Change In Cash | 590.0 | $1.019K | -90.00 |
YoY Change | 391.67% | 683.85% | -47.06% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$41.62K | -$48.23K | -$35.36K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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InterimFinancialInformationpolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The unaudited financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) applicable to interim financial information and the requirements of Form 10-Q and Rule 8-03 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they do not include all of the information and disclosure required by accounting principles generally accepted in the United States of America for complete financial statements. Interim results are not necessarily indicative of results for a full year. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position and the results of operations and cash flows for the interim periods have been included.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These financial statements should be read in conjunction with the audited financial statements as of and for the year ended March 31, 2022, as not all disclosures required by generally accepted accounting principles for annual financial statements are presented. The interim financial statements follow the same accounting policies and methods of computations as the audited financial statements as of and for the year ended March 31, 2022.</p> | |
CY2022Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. </p> | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
56250 | usd |
CY2022Q2 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents as well as related party payables that it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposure is limited.</p> | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
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-111556 | usd |
CY2022Q2 | elre |
Weighted Average Number Of Share Outstanding Basic And Diluted Share
WeightedAverageNumberOfShareOutstandingBasicAndDilutedShare
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1983993 | shares |
CY2021Q2 | elre |
Weighted Average Number Of Share Outstanding Basic And Diluted Share
WeightedAverageNumberOfShareOutstandingBasicAndDilutedShare
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1983993 | shares |
CY2022Q2 | elre |
Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
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-0.06 | |
CY2022Q2 | us-gaap |
Due From Related Parties
DueFromRelatedParties
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236026 | usd |
CY2022Q1 | us-gaap |
Due From Related Parties
DueFromRelatedParties
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228675 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2521042 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-119573 | usd |
CY2022Q2 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
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48232 | usd |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
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3000000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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1983993 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
5-in-1 | |
CY2022Q2 | elre |
Incremental Borrowing Rate
IncrementalBorrowingRate
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0.0475 | pure |
CY2022Q2 | elre |
Operating Lease Expenses
OperatingLeaseExpenses
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14580 | usd |
CY2021Q2 | elre |
Operating Lease Expenses
OperatingLeaseExpenses
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19126 | usd |
CY2020Q3 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
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135832 | usd |