2024 Q2 Form 10-Q Financial Statement
#000106299324008368 Filed on April 15, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $141.0K | $105.1K |
| YoY Change | 20.24% | -47.62% |
| % of Gross Profit | ||
| Research & Development | $21.88K | $20.50K |
| YoY Change | -95.31% | -51.0% |
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $169.9K | $130.3K |
| YoY Change | -70.91% | -47.36% |
| Operating Profit | -$169.9K | -$130.3K |
| YoY Change | -70.91% | -47.36% |
| Interest Expense | -$118.0K | -$17.08K |
| YoY Change | -78.76% | -103.15% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $42.21K | $10.71K |
| YoY Change | -44.32% | |
| Pretax Income | -$287.9K | -$147.4K |
| YoY Change | -74.73% | -149.95% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$287.9K | -$147.4K |
| YoY Change | -74.73% | -149.94% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | $0.00 |
| Diluted Earnings Per Share | $0.00 | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 155.2M shares | 155.2M shares |
| Diluted Shares Outstanding | 155.2M shares | 155.2M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $372.2K | $698.0K |
| YoY Change | -79.05% | -74.49% |
| Cash & Equivalents | $197.7K | $267.7K |
| Short-Term Investments | $174.5K | $430.3K |
| Other Short-Term Assets | $84.50K | $42.08K |
| YoY Change | 8.95% | -85.66% |
| Inventory | ||
| Prepaid Expenses | $84.50K | $42.08K |
| Receivables | $3.558K | $1.299K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $460.3K | $741.4K |
| YoY Change | -75.26% | -75.55% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $10.50K | $10.50K |
| YoY Change | 0.0% | 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 |
| YoY Change | 0.0% | 0.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $460.3K | $741.4K |
| Total Long-Term Assets | $10.50K | $10.50K |
| Total Assets | $470.8K | $751.9K |
| YoY Change | -74.84% | -75.29% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $290.4K | $278.8K |
| YoY Change | 1.15% | -7.92% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $290.4K | $283.4K |
| YoY Change | -4.56% | -15.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $290.4K | $283.4K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $289.2K | $282.3K |
| YoY Change | -4.81% | -16.16% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$15.37M | -$15.08M |
| YoY Change | 9.91% | 17.41% |
| Common Stock | $155.2K | $155.2K |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $181.5K | $469.6K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $470.8K | $751.9K |
| YoY Change | -74.84% | -75.29% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$287.9K | -$147.4K |
| YoY Change | -74.73% | -149.94% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$209.2K | -$143.3K |
| YoY Change | -48.4% | -67.02% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $139.3K | $162.8K |
| YoY Change | -59.11% | -43.66% |
| Cash From Investing Activities | $139.3K | $162.8K |
| YoY Change | -59.11% | -43.66% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -209.2K | -143.3K |
| Cash From Investing Activities | 139.3K | 162.8K |
| Cash From Financing Activities | 0.000 | 0.000 |
| Net Change In Cash | -69.96K | 19.50K |
| YoY Change | 7.71% | -113.59% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$209.2K | -$143.3K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | ||
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155166088 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
169146124 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155166088 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155119403 | shares | |
| enrt |
Rental Commitment
RentalCommitment
|
853 | cad |
