2022 Q4 Form 10-K Financial Statement
#000106299322022865 Filed on November 29, 2022
Income Statement
| Concept | 2022 Q4 | 2022 Q3 | 2022 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $159.9K | $189.8K | $538.8K |
| YoY Change | 53.36% | 27.69% | -9.12% |
| % of Gross Profit | |||
| Research & Development | $15.53K | $297.9K | $808.8K |
| YoY Change | 26.64% | 3384.21% | 3855.01% |
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $178.4K | $487.7K | $1.566M |
| YoY Change | 53.11% | 210.27% | 155.35% |
| Operating Profit | -$178.4K | -$1.566M | |
| YoY Change | 52.5% | 154.76% | |
| Interest Expense | -$268.5K | -$318.8K | $6.251K |
| YoY Change | -95982.14% | -65163.27% | -85.46% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $21.20K | -$4.532M | $57.33K |
| YoY Change | -77.07% | ||
| Pretax Income | -$446.8K | -$806.5K | $1.974M |
| YoY Change | 284.47% | 257.36% | -607.08% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | -$446.8K | -$806.5K | $1.974M |
| YoY Change | 284.47% | 257.36% | -607.08% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | $0.00 | $0.01 | |
| Diluted Earnings Per Share | $0.00 | -$5.197K | $0.01 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 155.1M shares | 151.0M shares | |
| Diluted Shares Outstanding | 155.1M shares | 152.0M shares |
Balance Sheet
| Concept | 2022 Q4 | 2022 Q3 | 2022 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.625M | $3.059M | $3.059M |
| YoY Change | 598.43% | 728.36% | 728.36% |
| Cash & Equivalents | $448.7K | $615.2K | $615.2K |
| Short-Term Investments | $2.176M | $2.444M | $2.444M |
| Other Short-Term Assets | $111.7K | $139.3K | $139.3K |
| YoY Change | 270.23% | 237.64% | 237.64% |
| Inventory | |||
| Prepaid Expenses | $111.7K | $139.3K | |
| Receivables | $7.039K | $4.877K | $4.880K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.744M | $3.203M | $3.203M |
| YoY Change | 565.83% | 671.66% | 671.66% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $10.50K | $10.50K | $10.50K |
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $10.50K | $10.50K | $10.50K |
| YoY Change | |||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.744M | $3.203M | $3.203M |
| Total Long-Term Assets | $10.50K | $10.50K | $10.50K |
| Total Assets | $2.754M | $3.214M | $3.214M |
| YoY Change | 568.38% | 674.19% | 674.18% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $296.8K | $293.4K | $293.5K |
| YoY Change | 2.68% | -5.12% | -5.12% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $345.4K | $357.9K | $357.9K |
| YoY Change | -9.02% | -14.98% | -14.99% |
| 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 | $345.4K | $357.9K | $357.9K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $345.5K | $357.9K | $357.9K |
| YoY Change | -9.02% | -14.99% | -14.99% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$13.14M | -$12.69M | |
| YoY Change | -13.46% | ||
| Common Stock | $155.1K | $155.1K | |
| YoY Change | 11.42% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.409M | $2.856M | $2.856M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.754M | $3.214M | $3.214M |
| YoY Change | 568.38% | 674.19% | 674.18% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 Q3 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$446.8K | -$806.5K | $1.974M |
| YoY Change | 284.47% | 257.36% | -607.08% |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$166.5K | -$419.0K | -$970.0K |
| YoY Change | 32.93% | 280.89% | 137.64% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | -$10.50K | |
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $1.110M |
| YoY Change | 261.38% | ||
| Cash From Investing Activities | $0.00 | $0.00 | $1.100M |
| YoY Change | 257.97% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | $0.00 | 0.000 | $131.4K |
| YoY Change | -100.0% | -100.0% | -67.94% |
| NET CHANGE | |||
| Cash From Operating Activities | -$166.5K | -419.0K | -$970.0K |
| Cash From Investing Activities | $0.00 | 0.000 | $1.100M |
| Cash From Financing Activities | $0.00 | 0.000 | $131.4K |
| Net Change In Cash | -$166.5K | -419.0K | $260.9K |
| YoY Change | -2811.68% | -1538.45% | -15.49% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$166.5K | -$419.0K | -$970.0K |
| Capital Expenditures | $0.00 | -$10.50K | |
| Free Cash Flow | -$419.0K | -$959.5K | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3293224 | shares |
| CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.08 | |
| CY2021 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
17705 | usd |
| CY2022 | enrt |
Percentage Of Land Rights Interest
PercentageOfLandRightsInterest
|
1 | pure |
| CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
95992 | usd |
| CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1974407 | usd |
| CY2022 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
-7641 | usd |
| CY2021 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
53488 | usd |
| CY2022 | enrt |
Proceeds From Sale Of Mineral Property
ProceedsFromSaleOfMineralProperty
|
1100000 | usd |
| CY2021 | enrt |
Proceeds From Sale Of Mineral Property
ProceedsFromSaleOfMineralProperty
|
0 | usd |
| CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | usd |
| CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
95992 | usd |
| CY2022 | enrt |
Net Proceeds From Subscriptions Received
NetProceedsFromSubscriptionsReceived
|
0 | usd |
| CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.07 | |
| CY2022 | enrt |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriod
|
226776 | shares |
| CY2022 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | usd |
| CY2022 | dei |
Auditor Name
AuditorName
|
DAVIDSON & COMPANY LLP | |
| CY2022Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
64409 | usd |
| CY2021Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
111659 | usd |
| CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2855786 | usd |
| CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5841 | usd |
| CY2021 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
69000 | usd |
| CY2021 | enrt |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
180000 | usd |
| CY2022 | enrt |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
131390 | usd |
| CY2022 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
163130 | usd |
| CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2855786 | usd |
| CY2022 | us-gaap |
Interest Expense
InterestExpense
|
6251 | usd |
| CY2021 | us-gaap |
Interest Expense
InterestExpense
|
1416 | usd |
| CY2022 | us-gaap |
Lease Cost
LeaseCost
|
10404 | usd |
| CY2021 | us-gaap |
Lease Cost
LeaseCost
|
7042 | usd |
| CY2022 | us-gaap |
Communication
Communication
|
19 | usd |
| CY2021 | us-gaap |
Communication
Communication
|
75 | usd |
| CY2022 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
26732 | usd |
| CY2021 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
0 | usd |
| CY2022 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-7641 | usd |
| CY2021 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
53488 | usd |
| CY2022 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | usd |
| CY2021 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
69000 | usd |
| CY2022 | us-gaap |
Royalty Income Nonoperating
RoyaltyIncomeNonoperating
|
0 | usd |
| CY2021 | us-gaap |
Royalty Income Nonoperating
RoyaltyIncomeNonoperating
|
250000 | usd |
| CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-389368 | usd |
| CY2022 | enrt |
Marketable Securities Unrealized Gain Loss Total
MarketableSecuritiesUnrealizedGainLossTotal
|
-985921 | usd |
| CY2021 | enrt |
Marketable Securities Unrealized Gain Loss Total
MarketableSecuritiesUnrealizedGainLossTotal
|
-5680 | usd |
| CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
| CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
69000 | usd |
| CY2022 | enrt |
Income From Royalty Grant
IncomeFromRoyaltyGrant
|
0 | usd |
| CY2021 | enrt |
Income From Royalty Grant
IncomeFromRoyaltyGrant
|
250000 | usd |
| CY2021 | enrt |
Net Proceeds From Subscriptions Received
NetProceedsFromSubscriptionsReceived
|
180000 | usd |
| CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
2000000 | shares |
| CY2022Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.06 | |
| CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
|
2027-08-18 | |
| CY2021Q1 | enrt |
Number Of Units Issued In Final Tranche Of Private Placement
NumberOfUnitsIssuedInFinalTrancheOfPrivatePlacement
|
3000000 | shares |
| CY2021Q1 | enrt |
Units Issue Price
UnitsIssuePrice
|
0.06 | |
| CY2021Q1 | enrt |
Gross Proceeds Of Units Issued In Final Tranche Of Private Placement
GrossProceedsOfUnitsIssuedInFinalTrancheOfPrivatePlacement
|
180000000 | usd |
| CY2021Q1 | enrt |
Description Of Units Issuance In Private Placement
DescriptionOfUnitsIssuanceInPrivatePlacement
|
Each unit consists of one common share of the Company and one half (0.5) of a non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of 12 months from the date of issuance | |
| CY2021Q1 | enrt |
Purchase Price Per Share To Purchase One Additional Common Share
PurchasePricePerShareToPurchaseOneAdditionalCommonShare
|
0.09 | |
| CY2021 | enrt |
Stock Issued During Period Shares Warrants Exercised
StockIssuedDuringPeriodSharesWarrantsExercised
|
2720000 | shares |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
2.02 | pure |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0226 | pure |
| CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
| CY2022 | enrt |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
|
0 | pure |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.05 | |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
3500000 | shares |
| CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.04 | |
| CY2022Q3 | us-gaap |
Share Price
SharePrice
|
0.048 | |
| CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
0 | usd |
| CY2022Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.04 | |
| CY2022Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
4973369 | shares |
| CY2022Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2430960 | usd |
| CY2021Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2853193 | usd |
| CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
10259316 | usd |
| CY2022 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment |
| CY2022Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
10500000 | usd |
