2023 Q2 Form 10-K Financial Statement

#000164033423001168 Filed on June 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022
Revenue $0.00 $58.40K $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $58.40K $0.00
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $11.34K $430.4K $472.8K
YoY Change -90.58% -8.97% 65.04%
% of Gross Profit 736.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.90K
YoY Change 2.55%
% of Gross Profit
Operating Expenses $11.34K $430.4K $472.8K
YoY Change -90.58% -8.97% 65.04%
Operating Profit -$11.34K -$372.0K -$472.8K
YoY Change -90.58% -21.32% 65.04%
Interest Expense $0.00 $0.00 $1.00
YoY Change -100.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $658.00 $900.00 -$417.00
YoY Change -21.01% -315.83% -349.7%
Pretax Income -$10.68K -$371.1K -$473.2K
YoY Change -91.07% -21.58% 65.28%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.68K -$371.1K -$473.2K
YoY Change -91.07% -21.58% 65.28%
Net Earnings / Revenue -635.41%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$0.19 -$238.6K
COMMON SHARES
Basic Shares Outstanding 1.984M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q2 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $730.00 $900.00 $530.00
YoY Change -52.6% 69.81% 76.67%
Cash & Equivalents $726.00 $900.00 $530.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.991K $10.32K $6.840K
YoY Change 14.38% 50.88% 242.0%
LONG-TERM ASSETS
Property, Plant & Equipment $4.130K $2.600K $6.480K
YoY Change -89.63% -59.88% -91.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.133K $2.600K $6.480K
YoY Change -89.62% -59.88% -91.86%
TOTAL ASSETS
Total Short-Term Assets $9.991K $10.32K $6.840K
Total Long-Term Assets $4.133K $2.600K $6.480K
Total Assets $14.12K $12.92K $13.32K
YoY Change -70.91% -3.0% -83.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $242.4K $231.7K $177.4K
YoY Change 23.21% 30.63% 77.95%
Accrued Expenses $440.00 $6.460K $26.48K
YoY Change -98.91% -75.6% -73.12%
Deferred Revenue
YoY Change
Short-Term Debt $23.44K $286.7K $228.7K
YoY Change -90.07% 25.36% 33.21%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.588M $2.621M $2.458M
YoY Change 1.25% 6.63% 21.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.280K $0.00
YoY Change
Total Long-Term Liabilities $4.280K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.588M $2.621M $2.458M
Total Long-Term Liabilities $4.280K $0.00 $0.00
Total Liabilities $2.592M $2.621M $2.458M
YoY Change 1.42% 6.63% 21.37%
SHAREHOLDERS EQUITY
Retained Earnings -$2.783M
YoY Change 10.4%
Common Stock $122.0K
YoY Change 6048.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.578M -$2.608M -$2.444M
YoY Change
Total Liabilities & Shareholders Equity $14.12K $12.92K $13.32K
YoY Change -70.91% -3.0% -83.68%

Cashflow Statement

Concept 2023 Q2 2023 2022
OPERATING ACTIVITIES
Net Income -$10.68K -$371.1K -$473.2K
YoY Change -91.07% -21.58% 65.28%
Depreciation, Depletion And Amortization $74.90K
YoY Change 2.55%
Cash From Operating Activities $4.356K -$71.38K -$172.8K
YoY Change -109.03% -58.69% -50.38%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $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 $2.656K 71.78K $173.0K
YoY Change -94.61% -58.5% -50.25%
NET CHANGE
Cash From Operating Activities $4.356K -71.38K -$172.8K
Cash From Investing Activities $0.00 $0.00 $0.00
Cash From Financing Activities $2.656K 71.78K $173.0K
Net Change In Cash -$170.00 400.0 $225.00
YoY Change -116.68% 77.78% -147.37%
FREE CASH FLOW
Cash From Operating Activities $4.356K -$71.38K -$172.8K
Capital Expenditures
Free Cash Flow
YoY Change

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6007 usd
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2023Q1 elre Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Thereafter
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderThereafter
0 usd
CY2023Q1 elre Lease Payment At Present Value
LeasePaymentAtPresentValue
6007 usd
CY2020Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
143508 usd
CY2017Q4 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. As a result of the reduction in the U.S. corporate income tax rate from 34% to 21% under the Tax Reform Act, the Company revalued its ending net deferred tax assets

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0001640334-23-001168.txt Edgar Link pending
0001640334-23-001168-xbrl.zip Edgar Link pending
elre-20230331.xsd Edgar Link pending
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