2020 Q2 Form 10-Q Financial Statement

#000106299320003293 Filed on July 14, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q3 2019 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $31.55K $51.44K $60.91K
YoY Change -48.2% -35.7% -59.39%
% of Gross Profit
Research & Development $266.00 $1.030K $6.163K
YoY Change -95.68% -69.19%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $33.18K $52.46K $68.39K
YoY Change -51.49% -34.43% -59.77%
Operating Profit -$33.18K -$68.39K
YoY Change -51.49%
Interest Expense $321.00 -$3.490K $307.00
YoY Change 4.56%
% of Operating Profit
Other Income/Expense, Net $1.959K $7.543K
YoY Change -74.03% -175.43%
Pretax Income -$30.80K -$55.96K -$67.13K
YoY Change -54.12% -30.05% -62.71%
Income Tax
% Of Pretax Income
Net Earnings -$30.80K -$55.96K -$67.13K
YoY Change -54.12% -30.05% -62.71%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 -$438.90 -$544.60
COMMON SHARES
Basic Shares Outstanding 128.5M shares
Diluted Shares Outstanding 128.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.78K $9.760K $14.20K
YoY Change 553.38% -94.58% -89.08%
Cash & Equivalents $92.78K $9.758K $14.20K
Short-Term Investments
Other Short-Term Assets $10.94K $30.26K $44.79K
YoY Change -75.57% -66.38% -62.68%
Inventory
Prepaid Expenses $10.94K $30.26K
Receivables $855.00 $6.225K $4.830K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $104.6K $46.25K $63.82K
YoY Change 63.86% -82.87% -74.47%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $104.6K $46.25K $63.82K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $104.6K $46.25K $63.82K
YoY Change 63.86% -82.87% -74.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.8K $283.4K $277.3K
YoY Change -1.99% 1.23% 2.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $15.48K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $466.3K $502.1K $463.7K
YoY Change 0.55% 11.58% 0.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $466.3K $502.1K $463.7K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $466.3K $502.1K $463.7K
YoY Change 0.55% 11.58% 0.81%
SHAREHOLDERS EQUITY
Retained Earnings -$14.25M -$14.31M
YoY Change
Common Stock $127.5K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$361.7K -$455.9K -$399.9K
YoY Change
Total Liabilities & Shareholders Equity $104.6K $46.25K $63.82K
YoY Change 63.86% -82.87% -74.47%

Cashflow Statement

Concept 2020 Q2 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$30.80K -$55.96K -$67.13K
YoY Change -54.12% -30.05% -62.71%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$39.30K -$19.75K -$94.33K
YoY Change -58.34% -60.5% -5.67%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $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 0.000 15.30K 97.06K
YoY Change -100.0% -84.7% -51.47%
NET CHANGE
Cash From Operating Activities -39.30K -19.75K -94.33K
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000 15.30K 97.06K
Net Change In Cash -39.30K -4.450K 2.730K
YoY Change -1539.56% -108.9% -97.27%
FREE CASH FLOW
Cash From Operating Activities -$39.30K -$19.75K -$94.33K
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Use Of Estimates
UseOfEstimates
<div><div><div><p style="margin-left:99pt;text-indent:-84pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>b)</strong><span style="width:13.11pt;text-indent:0pt;display:inline-block">&#160;</span><strong>Accounting Estimates</strong></span></span></p><p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of financial statements in conformity with generally accepted accounting principles 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 and the reported amounts of expenses during the reporting period.&#160; On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to revenue recognition, inventory valuation, and stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions.</span></span></p></div></div></div>
enrt Percentage Of Land Rights Interest
PercentageOfLandRightsInterest
1 pure
CY2020Q1 enrt Percentage Of Royalty Agreement
PercentageOfRoyaltyAgreement
0.01 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
2000000 shares
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P2Y
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.10
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment

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enrt-20200531.xml Edgar Link completed
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