2021 Form 10-K Financial Statement
#000121390022016855 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $2.387M | $451.5K | $466.6K |
| YoY Change | 411.61% | 99170.21% | |
| Cost Of Revenue | $1.020M | $368.8K | $368.8K |
| YoY Change | 176.48% | ||
| Gross Profit | $1.367M | $82.61K | $97.73K |
| YoY Change | 1299.01% | ||
| Gross Profit Margin | 57.28% | 18.3% | 20.95% |
| Selling, General & Admin | $1.421M | $138.5K | $457.9K |
| YoY Change | 210.31% | 220.72% | 335.16% |
| % of Gross Profit | 103.92% | 167.68% | 468.52% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $2.260K | $0.00 | |
| YoY Change | |||
| % of Gross Profit | 0.17% | 0.0% | |
| Operating Expenses | $1.421M | $138.5K | $457.9K |
| YoY Change | 210.32% | 220.72% | 335.15% |
| Operating Profit | -$53.59K | -$55.91K | -$360.1K |
| YoY Change | -85.12% | ||
| Interest Expense | -$94.14K | -$94.14K | |
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | -$43.11M | $6.470K | $6.470K |
| YoY Change | -666422.57% | ||
| Pretax Income | -$43.16M | -$143.6K | -$447.8K |
| YoY Change | 9538.84% | 232.44% | 327.55% |
| Income Tax | $70.00 | $1.240K | $1.240K |
| % Of Pretax Income | |||
| Net Earnings | -$43.16M | -$144.8K | -$449.1K |
| YoY Change | 9512.24% | 235.31% | 328.74% |
| Net Earnings / Revenue | -1808.31% | -32.08% | -96.25% |
| Basic Earnings Per Share | -$0.14 | ||
| Diluted Earnings Per Share | -$140.9K | -$1.626K | -$5.241K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 306.4M shares | ||
| Diluted Shares Outstanding | 306.4M shares |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $308.5K | $343.8K | $343.8K |
| YoY Change | -10.26% | 1311.33% | 1311.33% |
| Cash & Equivalents | $343.8K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $60.39K | ||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $427.5K | $259.0K | $259.0K |
| Other Receivables | $223.8K | $2.180K | $2.180K |
| Total Short-Term Assets | $1.020M | $605.0K | $605.0K |
| YoY Change | 68.64% | 2383.5% | 2383.5% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $33.57K | $70.21K | |
| YoY Change | -52.19% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $33.58K | $70.21K | $70.21K |
| YoY Change | -52.17% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.020M | $605.0K | $605.0K |
| Total Long-Term Assets | $33.58K | $70.21K | $70.21K |
| Total Assets | $1.054M | $675.2K | $675.2K |
| YoY Change | 56.08% | 2671.72% | 2671.72% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $250.8K | $97.76K | $97.76K |
| YoY Change | 156.55% | 1677.45% | 1677.45% |
| Accrued Expenses | $60.39K | $70.21K | $70.21K |
| YoY Change | -13.99% | 3519.07% | 3519.07% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $405.7K | $405.7K |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $588.1K | $733.1K | $733.1K |
| YoY Change | -19.77% | 9545.39% | 9545.39% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $22.95K | ||
| YoY Change | |||
| Total Long-Term Liabilities | $22.95K | $0.00 | |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $588.1K | $733.1K | $733.1K |
| Total Long-Term Liabilities | $22.95K | $0.00 | |
| Total Liabilities | $611.1K | $733.1K | $733.1K |
| YoY Change | -16.64% | 9545.39% | 9545.39% |
| 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 | $442.8K | -$57.86K | -$57.86K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.054M | $675.2K | $675.2K |
| YoY Change | 56.08% | 2671.72% | 2671.72% |
Cashflow Statement
Facts In Submission
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