2022 Q1 Form 10-Q Financial Statement
#000117891322001917 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $68.00K | $160.0K |
| YoY Change | -57.5% | 300.0% |
| Cost Of Revenue | $54.00K | $60.00K |
| YoY Change | -10.0% | 50.0% |
| Gross Profit | $14.00K | $100.0K |
| YoY Change | -86.0% | |
| Gross Profit Margin | 20.59% | 62.5% |
| Selling, General & Admin | $2.171M | $1.310M |
| YoY Change | 65.73% | 1.55% |
| % of Gross Profit | 15507.14% | 1310.0% |
| Research & Development | $1.690M | $1.160M |
| YoY Change | 45.69% | -27.95% |
| % of Gross Profit | 12071.43% | 1160.0% |
| Depreciation & Amortization | $16.00K | $90.00K |
| YoY Change | -82.22% | 80.0% |
| % of Gross Profit | 114.29% | 90.0% |
| Operating Expenses | $3.849M | $2.460M |
| YoY Change | 56.46% | -15.17% |
| Operating Profit | -$3.835M | -$2.360M |
| YoY Change | 62.5% | -18.62% |
| Interest Expense | $44.00K | -$7.100M |
| YoY Change | -100.62% | 14100.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $44.00K | $10.00K |
| YoY Change | 340.0% | -50.0% |
| Pretax Income | -$3.791M | -$9.450M |
| YoY Change | -59.88% | 223.63% |
| Income Tax | -$7.000K | $40.00K |
| % Of Pretax Income | ||
| Net Earnings | -$3.784M | -$2.296M |
| YoY Change | 64.81% | -21.37% |
| Net Earnings / Revenue | -5564.71% | -1435.0% |
| Basic Earnings Per Share | $0.13 | |
| Diluted Earnings Per Share | -$131.4K | -$433.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 28.80M shares | |
| Diluted Shares Outstanding | 28.80M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $20.11M | $16.38M |
| YoY Change | 22.77% | 22.88% |
| Cash & Equivalents | $20.11M | $16.45M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.322M | $1.040M |
| YoY Change | 27.12% | 31.65% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $210.0K | $20.00K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $21.64M | $17.43M |
| YoY Change | 24.16% | 23.53% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $163.0K | $490.0K |
| YoY Change | -66.73% | 6.52% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $296.0K | |
| YoY Change | ||
| Total Long-Term Assets | $671.0K | $1.100M |
| YoY Change | -39.0% | 2.8% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $21.64M | $17.43M |
| Total Long-Term Assets | $671.0K | $1.100M |
| Total Assets | $22.31M | $18.53M |
| YoY Change | 20.41% | 22.07% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $199.0K | $440.0K |
| YoY Change | -54.77% | 2.33% |
| Accrued Expenses | $1.975M | |
| YoY Change | ||
| Deferred Revenue | $0.00 | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $180.0K | |
| YoY Change | 20.0% | |
| Total Short-Term Liabilities | $2.334M | $10.62M |
| YoY Change | -78.02% | 113.68% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $220.0K |
| YoY Change | -100.0% | 69.23% |
| Other Long-Term Liabilities | $233.0K | $80.00K |
| YoY Change | 191.25% | 14.29% |
| Total Long-Term Liabilities | $233.0K | $300.0K |
| YoY Change | -22.33% | 50.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.334M | $10.62M |
| Total Long-Term Liabilities | $233.0K | $300.0K |
| Total Liabilities | $2.567M | $10.91M |
| YoY Change | -76.47% | 111.03% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$86.20M | |
| YoY Change | ||
| Common Stock | $105.9M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $19.75M | $15.65M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $22.31M | $18.53M |
| YoY Change | 20.41% | 22.07% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.784M | -$2.296M |
| YoY Change | 64.81% | -21.37% |
| Depreciation, Depletion And Amortization | $16.00K | $90.00K |
| YoY Change | -82.22% | 80.0% |
| Cash From Operating Activities | -$4.792M | -$2.280M |
| YoY Change | 110.18% | -14.29% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$23.00K | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$23.00K | $0.00 |
| YoY Change | -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 | 0.000 | 10.06M |
| YoY Change | -100.0% | 1112.05% |
| NET CHANGE | ||
| Cash From Operating Activities | -4.792M | -2.280M |
| Cash From Investing Activities | -23.00K | 0.000 |
| Cash From Financing Activities | 0.000 | 10.06M |
| Net Change In Cash | -4.815M | 7.780M |
| YoY Change | -161.89% | -518.28% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.792M | -$2.280M |
| Capital Expenditures | -$23.00K | $0.00 |
| Free Cash Flow | -$4.769M | -$2.280M |
| YoY Change | 109.17% | -13.31% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
USD | |
| CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
USD | |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20109000 | USD |
| CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
24892000 | USD |
| CY2022Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
210000 | USD |
| CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
183000 | USD |
| CY2022Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1322000 | USD |
| CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
254000 | USD |
| CY2022Q1 | us-gaap |
Assets Current
AssetsCurrent
|
21641000 | USD |
| CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
25329000 | USD |
| CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
163000 | USD |
| CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
156000 | USD |
| CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
212000 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
239000 | USD |
| CY2022Q1 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
250000 | USD |
| CY2021Q4 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
217000 | USD |
| CY2022Q1 | us-gaap |
Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
46000 | USD |
| CY2021Q4 | us-gaap |
Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
46000 | USD |
| CY2022Q1 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
671000 | USD |
| CY2021Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
658000 | USD |
| CY2022Q1 | us-gaap |
Assets
Assets
|
22312000 | USD |
| CY2021Q4 | us-gaap |
Assets
Assets
|
25987000 | USD |
| CY2022Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
199000 | USD |
| CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
166000 | USD |
| CY2022Q1 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
1993000 | USD |
| CY2021Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
2801000 | USD |
| CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
142000 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
179000 | USD |
| CY2022Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
0 | USD |
| CY2021Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
15000 | USD |
| CY2022Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2334000 | USD |
| CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3161000 | USD |
| CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
98000 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
123000 | USD |
| CY2022Q1 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
135000 | USD |
| CY2021Q4 | us-gaap |
Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
|
138000 | USD |
| CY2022Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
233000 | USD |
| CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
261000 | USD |
| CY2022Q1 | us-gaap |
Liabilities
Liabilities
|
2567000 | USD |
| CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0000769 | |
| CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0000769 | |
| CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
140010000 | shares |
| CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
3422000 | USD |
| CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
140010000 | shares |
| CY2022Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28804411 | shares |
| CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28804411 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28804411 | shares |
| CY2022Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.13 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.10 | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
28804411 | shares |
| CY2021Q1 | entx |
Exercise Of Warrants Value
ExerciseOfWarrantsValue
|
24000 | USD |
| CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
327000 | USD |
| CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
0 | USD |
| CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28804411 | shares |
| CY2022Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
105914000 | USD |
| CY2021Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
104950000 | USD |
| CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
41000 | USD |
| CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
41000 | USD |
| CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-86210000 | USD |
| CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-82426000 | USD |
| CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19745000 | USD |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22565000 | USD |
| CY2022Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
22312000 | USD |
| CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25987000 | USD |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21890100 | shares |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7510000 | USD |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2296000 | USD |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
9858000 | USD |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
227000 | USD |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15650000 | USD |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22565000 | USD |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3784000 | USD |
| CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
964000 | USD |
| CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19745000 | USD |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20149000 | USD |
| CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20149000 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16451000 | USD |
| CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
33000 | USD |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16451000 | USD |
| CY2022Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
700000 | shares |
| CY2022Q1 | entx |
Net Proceeds From Issuance Of Common Stock
NetProceedsFromIssuanceOfCommonStock
|
9600 | USD |
| CY2022Q1 | entx |
Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
|
1400000 | shares |
| CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-86200000 | USD |
| CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6238605 | shares |
| CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7894997 | shares |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
2.86 | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
|
The options vest over 4 years from the date of grant; 25% vest on the first anniversary of the date of grant and the remaining 75% of the option will vest in twelve equal quarterly installments following the first anniversary of the grant date. | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | |
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
274000 | USD |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
55000 | shares |
| CY2022Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
210000 | USD |
| CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
147000 | USD |
| CY2022Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
160000 | USD |
| CY2021Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
134000 | USD |
| CY2022Q1 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
314000 | USD |
| CY2021Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
308000 | USD |
| CY2022Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1309000 | USD |
| CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2212000 | USD |
| CY2022Q1 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
1993000 | USD |
| CY2021Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
2801000 | USD |
