2021 Q4 Form 10-Q Financial Statement
#000149315222004471 Filed on February 14, 2022
Income Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| Revenue | $8.975M | $6.047M |
| YoY Change | 48.43% | 19.61% |
| Cost Of Revenue | $4.957M | $2.643M |
| YoY Change | 87.54% | 22.18% |
| Gross Profit | $4.018M | $3.403M |
| YoY Change | 18.05% | 17.69% |
| Gross Profit Margin | 44.77% | 56.29% |
| Selling, General & Admin | $933.2K | $827.7K |
| YoY Change | 12.75% | -7.04% |
| % of Gross Profit | 23.23% | 24.32% |
| Research & Development | $956.6K | |
| YoY Change | ||
| % of Gross Profit | 23.81% | |
| Depreciation & Amortization | $296.6K | $328.9K |
| YoY Change | -9.83% | -0.47% |
| % of Gross Profit | 7.38% | 9.66% |
| Operating Expenses | $2.186M | $2.402M |
| YoY Change | -8.99% | 9.17% |
| Operating Profit | $1.831M | $1.001M |
| YoY Change | 82.92% | 44.85% |
| Interest Expense | $452.1K | $1.004M |
| YoY Change | -54.97% | -131.85% |
| % of Operating Profit | 24.69% | 100.28% |
| Other Income/Expense, Net | $452.1K | |
| YoY Change | ||
| Pretax Income | $2.283M | $2.012M |
| YoY Change | 13.48% | -208.14% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $2.283M | $2.012M |
| YoY Change | 13.48% | -208.14% |
| Net Earnings / Revenue | 25.44% | 33.28% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $2.258K | $1.994K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.011B shares | |
| Diluted Shares Outstanding | 1.011B shares |
Balance Sheet
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.288M | $5.413M |
| YoY Change | 34.65% | 189.44% |
| Cash & Equivalents | $7.693M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $831.1K | $1.027M |
| YoY Change | -19.09% | 28.96% |
| Inventory | $6.694M | $4.802M |
| Prepaid Expenses | ||
| Receivables | $2.661M | $3.296M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $17.48M | $14.54M |
| YoY Change | 20.2% | 60.78% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $7.068M | $6.996M |
| YoY Change | 1.03% | -11.79% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $364.6K | $91.74K |
| YoY Change | 297.38% | 21.46% |
| Other Assets | $405.0K | $405.0K |
| YoY Change | 0.0% | 0.35% |
| Total Long-Term Assets | $14.47M | $14.13M |
| YoY Change | 2.44% | -6.1% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $17.48M | $14.54M |
| Total Long-Term Assets | $14.47M | $14.13M |
| Total Assets | $31.95M | $28.67M |
| YoY Change | 11.45% | 19.01% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.284M | $700.9K |
| YoY Change | 83.24% | -28.92% |
| Accrued Expenses | $4.180M | $4.826M |
| YoY Change | -13.39% | 4.29% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $400.4K | $1.702M |
| YoY Change | -76.47% | 3.34% |
| Total Short-Term Liabilities | $5.878M | $7.242M |
| YoY Change | -18.84% | -6.51% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.433M | $2.745M |
| YoY Change | -47.8% | 47.32% |
| Other Long-Term Liabilities | $1.846M | $2.047M |
| YoY Change | -9.81% | -62.07% |
| Total Long-Term Liabilities | $3.279M | $4.792M |
| YoY Change | -31.57% | -33.99% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.878M | $7.242M |
| Total Long-Term Liabilities | $3.279M | $4.792M |
| Total Liabilities | $9.157M | $12.03M |
| YoY Change | -23.91% | -19.8% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $22.79M | $16.63M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $31.95M | $28.67M |
| YoY Change | 11.45% | 19.01% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $2.283M | $2.012M |
| YoY Change | 13.48% | -208.14% |
| Depreciation, Depletion And Amortization | $296.6K | $328.9K |
| YoY Change | -9.83% | -0.47% |
| Cash From Operating Activities | $3.034M | $1.235M |
| YoY Change | 145.59% | -495.74% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$82.08K | -$50.23K |
| YoY Change | 63.41% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $12.52K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$82.08K | -$37.71K |
| YoY Change | 117.66% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -153.9K | -150.4K |
| YoY Change | 2.27% | 108.81% |
| NET CHANGE | ||
| Cash From Operating Activities | 3.034M | 1.235M |
| Cash From Investing Activities | -82.08K | -37.71K |
| Cash From Financing Activities | -153.9K | -150.4K |
| Net Change In Cash | 2.798M | 1.047M |
| YoY Change | 167.19% | -372.55% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.034M | $1.235M |
| Capital Expenditures | -$82.08K | -$50.23K |
| Free Cash Flow | $3.116M | $1.286M |
| YoY Change | 142.38% | -511.83% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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shares | |
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2021-12-31 | |
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