2022 Q4 Form 10-Q Financial Statement
#000117891322003941 Filed on November 10, 2022
Income Statement
| Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
|---|---|---|---|
| Revenue | $14.00K | $8.000K | $140.0K |
| YoY Change | -97.55% | -94.29% | 180.0% |
| Cost Of Revenue | $8.000K | $6.000K | $65.00K |
| YoY Change | -97.86% | -90.77% | 116.67% |
| Gross Profit | $6.000K | $2.000K | $75.00K |
| YoY Change | -96.97% | -97.33% | 275.0% |
| Gross Profit Margin | 42.86% | 25.0% | 53.57% |
| Selling, General & Admin | $1.741M | $1.460M | $1.450M |
| YoY Change | -69.4% | 0.69% | 74.7% |
| % of Gross Profit | 29016.67% | 73000.0% | 1933.33% |
| Research & Development | $1.351M | $1.413M | $1.729M |
| YoY Change | -80.05% | -18.28% | 7.39% |
| % of Gross Profit | 22516.67% | 70650.0% | 2305.33% |
| Depreciation & Amortization | $16.00K | $16.00K | |
| YoY Change | -69.81% | ||
| % of Gross Profit | 266.67% | 800.0% | |
| Operating Expenses | $3.074M | $2.867M | $3.168M |
| YoY Change | -75.24% | -9.5% | 29.84% |
| Operating Profit | -$3.068M | -$2.865M | -$3.093M |
| YoY Change | -74.89% | -7.37% | 27.81% |
| Interest Expense | -$8.000K | $697.0K | |
| YoY Change | -101.15% | -13.95% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$13.00K | -$8.000K | -$20.00K |
| YoY Change | -60.0% | 100.0% | |
| Pretax Income | -$3.081M | -$2.873M | -$2.416M |
| YoY Change | -74.84% | 18.92% | 49.14% |
| Income Tax | -$46.00K | $194.0K | $45.00K |
| % Of Pretax Income | |||
| Net Earnings | -$3.035M | -$3.067M | -$2.461M |
| YoY Change | -75.1% | 24.62% | 51.91% |
| Net Earnings / Revenue | -21678.57% | -38337.5% | -1757.86% |
| Basic Earnings Per Share | $0.11 | $0.11 | |
| Diluted Earnings Per Share | -$0.11 | $0.11 | -$85.81K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 28.81M shares | 28.81M shares | 28.68M shares |
| Diluted Shares Outstanding | 28.81M shares | 28.68M shares |
Balance Sheet
| Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $12.31M | $14.32M | $27.40M |
| YoY Change | -50.55% | -47.72% | 287.48% |
| Cash & Equivalents | $12.31M | $14.32M | $27.40M |
| Short-Term Investments | |||
| Other Short-Term Assets | $294.0K | $634.0K | $459.0K |
| YoY Change | 15.75% | 38.13% | -36.25% |
| Inventory | |||
| Prepaid Expenses | $86.00K | ||
| Receivables | $246.0K | $233.0K | $252.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $12.85M | $15.19M | $28.11M |
| YoY Change | -49.27% | -45.95% | 260.8% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $139.0K | $152.0K | $405.0K |
| YoY Change | -10.9% | -62.47% | 3.85% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $49.00K | $72.00K | |
| YoY Change | -81.37% | ||
| Total Long-Term Assets | $278.0K | $350.0K | $1.010M |
| YoY Change | -57.75% | -65.35% | 2.02% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $12.85M | $15.19M | $28.11M |
| Total Long-Term Assets | $278.0K | $350.0K | $1.010M |
| Total Assets | $13.13M | $15.54M | $29.12M |
| YoY Change | -49.49% | -46.63% | 231.62% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $17.00K | $413.0K | $325.0K |
| YoY Change | -89.76% | 27.08% | 261.11% |
| Accrued Expenses | $1.324M | $780.0K | |
| YoY Change | -55.57% | ||
| Deferred Revenue | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $179.0K | ||
| YoY Change | 5.29% | ||
| Total Short-Term Liabilities | $1.341M | $1.193M | $2.893M |
| YoY Change | -57.58% | -58.76% | -0.92% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $153.0K |
| YoY Change | -100.0% | 206.0% | |
| Other Long-Term Liabilities | $32.00K | $35.00K | $88.00K |
| YoY Change | -87.74% | -60.23% | 10.0% |
| Total Long-Term Liabilities | $32.00K | $35.00K | $241.0K |
| YoY Change | -87.74% | -85.48% | 85.38% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.341M | $1.193M | $2.893M |
| Total Long-Term Liabilities | $32.00K | $35.00K | $241.0K |
| Total Liabilities | $1.373M | $1.228M | $3.134M |
| YoY Change | -59.88% | -60.82% | 3.09% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$95.50M | -$92.50M | |
| YoY Change | 15.86% | ||
| Common Stock | $107.2M | $106.7M | |
| YoY Change | 2.15% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $11.75M | $14.31M | $25.98M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $13.13M | $15.54M | $29.12M |
| YoY Change | -49.49% | -46.63% | 231.62% |
Cashflow Statement
| Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$3.035M | -$3.067M | -$2.461M |
| YoY Change | -75.1% | 24.62% | 51.91% |
| Depreciation, Depletion And Amortization | $16.00K | $16.00K | |
| YoY Change | -69.81% | ||
| Cash From Operating Activities | -$2.011M | -$2.869M | -$2.090M |
| YoY Change | -18.75% | 37.27% | -26.67% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $3.000K | -$2.000K | -$7.000K |
| YoY Change | -130.0% | -71.43% | -65.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$55.00K | |
| YoY Change | |||
| Cash From Investing Activities | -$3.000K | -$57.00K | -$7.000K |
| YoY Change | -70.0% | 714.29% | -65.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $2.585M | ||
| YoY Change | 1130.95% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 0.000 | 2.534M |
| YoY Change | -100.0% | -100.0% | 1390.59% |
| NET CHANGE | |||
| Cash From Operating Activities | -2.011M | -2.869M | -2.090M |
| Cash From Investing Activities | -3.000K | -57.00K | -7.000K |
| Cash From Financing Activities | 0.000 | 0.000 | 2.534M |
| Net Change In Cash | -2.014M | -2.926M | 437.0K |
| YoY Change | -13.15% | -769.57% | -116.19% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.011M | -$2.869M | -$2.090M |
| Capital Expenditures | $3.000K | -$2.000K | -$7.000K |
| Free Cash Flow | -$2.014M | -$2.867M | -$2.083M |
| YoY Change | -18.3% | 37.64% | -26.4% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Operating Expenses
OperatingExpenses
|
8298000 | usd | |
| CY2022Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9949000 | usd | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8129000 | usd | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
96000 | usd | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9853000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8131000 | usd | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28807470 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25203221 | shares | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
183000 | usd | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-44000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-10036000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-8087000 | usd | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25203221 | shares | |
| us-gaap |
Other Nonrecurring Income
OtherNonrecurringIncome
|
33000 | usd | |
| us-gaap |
Other Nonrecurring Income
OtherNonrecurringIncome
|
32000 | usd | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
9976000 | usd | |
| us-gaap |
Revenues
Revenues
|
120000 | usd | |
| us-gaap |
Revenues
Revenues
|
406000 | usd | |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
93000 | usd | |
| us-gaap |
Gross Profit
GrossProfit
|
27000 | usd | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4497000 | usd | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4122000 | usd | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5512000 | usd | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4208000 | usd | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.32 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28807470 | shares | |
| CY2021Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
2463000 | usd |
| entx |
Right Of Use Assets Obtained In Exchange For New Operating Lease Liabilities
RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities
|
0 | usd | |
| entx |
Right Of Use Assets Obtained In Exchange For New Operating Lease Liabilities
RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities
|
31000 | usd | |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
237000 | usd | |
| us-gaap |
Gross Profit
GrossProfit
|
169000 | usd | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.32 | ||
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
13000 | usd | |
| entx |
Exercise Of Warrants Value
ExerciseOfWarrantsValue
|
3158000 | usd | |
| CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26277000 | usd |
| CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8663000 | usd |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
165000 | usd | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2000 | usd | |
| CY2022Q3 | entx |
Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
|
1400000 | shares |
| CY2022Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
700000 | shares |
| entx |
Net Proceeds From Issuance Of Common Stock
NetProceedsFromIssuanceOfCommonStock
|
9600000 | usd | |
| CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6068670 | shares |
| CY2021Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5492432 | shares |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
|
The options vest over four 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 |
