2023 Q3 Form 10-Q Financial Statement
#000117891323002834 Filed on August 11, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $14.00K |
| YoY Change | -100.0% | -100.0% | -97.55% |
| Cost Of Revenue | $0.00 | $0.00 | $8.000K |
| YoY Change | -100.0% | -100.0% | -97.86% |
| Gross Profit | $0.00 | $0.00 | $6.000K |
| YoY Change | -100.0% | -100.0% | -96.97% |
| Gross Profit Margin | 42.86% | ||
| Selling, General & Admin | $1.030M | $1.135M | $1.741M |
| YoY Change | -29.45% | -39.63% | -69.4% |
| % of Gross Profit | 29016.67% | ||
| Research & Development | $1.370M | $1.209M | $1.351M |
| YoY Change | -3.04% | -13.27% | -80.05% |
| % of Gross Profit | 22516.67% | ||
| Depreciation & Amortization | $10.00K | $15.00K | $16.00K |
| YoY Change | -37.5% | -6.25% | -69.81% |
| % of Gross Profit | 266.67% | ||
| Operating Expenses | $2.386M | $2.330M | $3.074M |
| YoY Change | -16.78% | -28.53% | -75.24% |
| Operating Profit | -$2.386M | -$2.330M | -$3.068M |
| YoY Change | -16.72% | -28.29% | -74.89% |
| Interest Expense | $40.00K | $5.000K | |
| YoY Change | -600.0% | -91.67% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | $36.00K | $5.000K | -$13.00K |
| YoY Change | -550.0% | -91.67% | |
| Pretax Income | -$2.350M | -$2.325M | -$3.081M |
| YoY Change | -18.2% | -27.09% | -74.84% |
| Income Tax | $29.00K | $0.00 | -$46.00K |
| % Of Pretax Income | |||
| Net Earnings | -$2.379M | -$2.325M | -$3.035M |
| YoY Change | -22.43% | -27.0% | -75.1% |
| Net Earnings / Revenue | -21678.57% | ||
| Basic Earnings Per Share | $0.08 | $0.08 | |
| Diluted Earnings Per Share | $0.08 | $0.08 | -$0.11 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 28.81M shares | 28.81M shares | 28.81M shares |
| Diluted Shares Outstanding | 28.81M shares | 28.81M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $7.590M | $9.135M | $12.31M |
| YoY Change | -47.01% | -47.13% | -50.55% |
| Cash & Equivalents | $7.585M | $9.135M | $12.31M |
| Short-Term Investments | |||
| Other Short-Term Assets | $263.0K | $354.0K | $294.0K |
| YoY Change | -58.52% | -61.61% | 15.75% |
| Inventory | |||
| Prepaid Expenses | $168.0K | $296.0K | $86.00K |
| Receivables | $0.00 | $29.00K | $246.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $8.016M | $9.814M | $12.85M |
| YoY Change | -47.23% | -46.74% | -49.27% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $108.0K | $122.0K | $139.0K |
| YoY Change | -28.95% | -26.51% | -10.9% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $20.00K | $49.00K | $49.00K |
| YoY Change | -72.22% | -84.97% | -81.37% |
| Total Long-Term Assets | $549.0K | $631.0K | $278.0K |
| YoY Change | 56.86% | -4.68% | -57.75% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $8.016M | $9.814M | $12.85M |
| Total Long-Term Assets | $549.0K | $631.0K | $278.0K |
| Total Assets | $8.565M | $10.45M | $13.13M |
| YoY Change | -44.88% | -45.28% | -49.49% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $564.0K | $240.0K | $17.00K |
| YoY Change | 36.56% | 120.18% | -89.76% |
| Accrued Expenses | $1.460M | $1.625M | $1.324M |
| YoY Change | 87.18% | 3.97% | -55.57% |
| Deferred Revenue | $0.00 | ||
| YoY Change | -100.0% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $2.027M | $1.865M | $1.341M |
| YoY Change | 69.91% | 10.22% | -57.58% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $300.0K | $348.0K | $32.00K |
| YoY Change | 757.14% | 174.02% | -87.74% |
| Total Long-Term Liabilities | $302.0K | $348.0K | $32.00K |
| YoY Change | 762.86% | 174.02% | -87.74% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.027M | $1.865M | $1.341M |
| Total Long-Term Liabilities | $302.0K | $348.0K | $32.00K |
| Total Liabilities | $2.329M | $2.213M | $1.373M |
| YoY Change | 89.66% | 21.66% | -59.88% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$102.4M | -$100.0M | -$95.50M |
| YoY Change | 10.69% | 11.86% | 15.86% |
| Common Stock | $108.6M | $108.2M | $107.2M |
| YoY Change | 1.74% | 1.48% | 2.15% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $6.236M | $8.232M | $11.75M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $8.565M | $10.45M | $13.13M |
| YoY Change | -44.88% | -45.28% | -49.49% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.379M | -$2.325M | -$3.035M |
| YoY Change | -22.43% | -27.0% | -75.1% |
| Depreciation, Depletion And Amortization | $10.00K | $15.00K | $16.00K |
| YoY Change | -37.5% | -6.25% | -69.81% |
| Cash From Operating Activities | -$1.520M | -$1.559M | -$2.011M |
| YoY Change | -47.02% | -44.85% | -18.75% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $1.000K | $3.000K |
| YoY Change | -100.0% | -105.26% | -130.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | $0.00 | -$1.000K | -$3.000K |
| YoY Change | -100.0% | -94.74% | -70.0% |
| 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 | 5.000K | 0.000 |
| YoY Change | -61.54% | -100.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -1.520M | -1.559M | -2.011M |
| Cash From Investing Activities | 0.000 | -1.000K | -3.000K |
| Cash From Financing Activities | 0.000 | 5.000K | 0.000 |
| Net Change In Cash | -1.520M | -1.555M | -2.014M |
| YoY Change | -48.05% | -45.11% | -13.15% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.520M | -$1.559M | -$2.011M |
| Capital Expenditures | $0.00 | $1.000K | $3.000K |
| Free Cash Flow | -$1.520M | -$1.560M | -$2.014M |
| YoY Change | -46.98% | -44.44% | -18.3% |
Facts In Submission
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|---|---|---|---|---|
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Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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Net Income Loss
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Net Income Loss
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Retained Earnings Accumulated Deficit
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