2023 Q1 Form 10-Q Financial Statement
#000106299323000662 Filed on January 09, 2023
Income Statement
| Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $200.6K | $159.9K | $104.2K |
| YoY Change | 52.0% | 53.36% | 162.74% |
| % of Gross Profit | |||
| Research & Development | $41.83K | $15.53K | $12.26K |
| YoY Change | -93.56% | 26.64% | 264.88% |
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $247.5K | $178.4K | $116.5K |
| YoY Change | -68.32% | 53.11% | 170.72% |
| Operating Profit | -$247.5K | -$178.4K | -$117.0K |
| YoY Change | -68.34% | 52.5% | |
| Interest Expense | $542.6K | -$268.5K | $280.00 |
| YoY Change | -7522.3% | -95982.14% | -98.21% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $19.24K | $21.20K | $0.00 |
| YoY Change | -61.52% | -100.0% | |
| Pretax Income | $295.1K | -$446.8K | -$116.2K |
| YoY Change | -139.95% | 284.47% | -152.21% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $295.1K | -$446.8K | -$116.2K |
| YoY Change | -139.95% | 284.47% | -152.21% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | $0.00 | $0.00 | $0.00 |
| Diluted Earnings Per Share | $0.00 | $0.00 | -$821.10 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 155.1M shares | 155.1M shares | 141.5M shares |
| Diluted Shares Outstanding | 169.1M shares | 155.1M shares | 141.5M shares |
Balance Sheet
| Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.737M | $2.625M | $375.9K |
| YoY Change | 1985.76% | 598.43% | 26.68% |
| Cash & Equivalents | $305.2K | $448.7K | $360.4K |
| Short-Term Investments | $2.431M | $2.176M | $15.44K |
| Other Short-Term Assets | $293.5K | $111.7K | $30.16K |
| YoY Change | 113.81% | 270.23% | 33.81% |
| Inventory | |||
| Prepaid Expenses | $293.5K | $111.7K | |
| Receivables | $2.345K | $7.039K | $6.070K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $3.032M | $2.744M | $412.1K |
| YoY Change | 1027.17% | 565.83% | 28.15% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $10.50K | $10.50K | |
| YoY Change | 0.0% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $10.50K | $10.50K | $0.00 |
| YoY Change | 0.0% | -100.0% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.032M | $2.744M | $412.1K |
| Total Long-Term Assets | $10.50K | $10.50K | $0.00 |
| Total Assets | $3.043M | $2.754M | $412.1K |
| YoY Change | 988.59% | 568.38% | 28.16% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $302.8K | $296.8K | $289.1K |
| YoY Change | 10.23% | 2.68% | -1.31% |
| 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 | $336.8K | $345.4K | $379.7K |
| YoY Change | -6.48% | -9.02% | -20.31% |
| 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 | $336.8K | $345.4K | $379.7K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $336.7K | $345.5K | $379.7K |
| YoY Change | -6.5% | -9.02% | -20.31% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$12.85M | -$13.14M | |
| YoY Change | |||
| Common Stock | $155.2K | $155.1K | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.706M | $2.409M | $32.39K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.043M | $2.754M | $412.1K |
| YoY Change | 988.59% | 568.38% | 28.16% |
Cashflow Statement
| Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $295.1K | -$446.8K | -$116.2K |
| YoY Change | -139.95% | 284.47% | -152.21% |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$434.4K | -$166.5K | -$125.3K |
| YoY Change | 55.81% | 32.93% | 210.64% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $288.9K | $0.00 | $0.00 |
| YoY Change | 482.99% | -100.0% | |
| Cash From Investing Activities | $288.9K | $0.00 | $0.00 |
| YoY Change | 482.99% | -100.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 2.000K | $0.00 | 131.4K |
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -434.4K | -$166.5K | -125.3K |
| Cash From Investing Activities | 288.9K | $0.00 | 0.000 |
| Cash From Financing Activities | 2.000K | $0.00 | 131.4K |
| Net Change In Cash | -143.5K | -$166.5K | 6.140K |
| YoY Change | -37.42% | -2811.68% | -97.1% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$434.4K | -$166.5K | -$125.3K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
360430 | usd |
| CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-178360 | usd |
| CY2022Q4 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-148162 | usd |
| CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
155116088 | shares |
| CY2021Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
141549184 | shares |
| CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
448710 | usd |
| CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
615207 | usd |
| CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | |
| CY2022Q4 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
| CY2022Q4 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-119100 | usd |
| CY2021Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | |
| CY2022Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155116088 | shares |
| CY2021Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
141549184 | shares |
| CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
354286 | usd |
| CY2022Q4 | enrt |
Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
|
0 | shares |
| CY2022Q4 | enrt |
Class Of Warrant Or Right Grants In Period Weighted Average Exercise Price
ClassOfWarrantOrRightGrantsInPeriodWeightedAverageExercisePrice
|
0 |
