2024 Q2 Form 10-Q Financial Statement
#000117891324001683 Filed on May 10, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| Revenue | $57.00K | $0.00 | |
| YoY Change | -100.0% | ||
| Cost Of Revenue | $48.00K | $0.00 | |
| YoY Change | -100.0% | ||
| Gross Profit | $9.000K | $0.00 | |
| YoY Change | -100.0% | ||
| Gross Profit Margin | 15.79% | ||
| Selling, General & Admin | $1.088M | $973.0K | |
| YoY Change | -4.14% | -44.11% | |
| % of Gross Profit | 12088.89% | ||
| Research & Development | $1.086M | $735.0K | $1.000M |
| YoY Change | -10.17% | -21.05% | -25.98% |
| % of Gross Profit | 12066.67% | ||
| Depreciation & Amortization | $11.00K | $13.00K | $13.00K |
| YoY Change | -26.67% | -7.14% | -18.75% |
| % of Gross Profit | 122.22% | ||
| Operating Expenses | $2.174M | $2.062M | $1.963M |
| YoY Change | -6.7% | -6.78% | -36.14% |
| Operating Profit | -$2.165M | -$2.062M | -$1.963M |
| YoY Change | -7.08% | -6.78% | -36.02% |
| Interest Expense | $20.00K | -$32.00K | |
| YoY Change | 300.0% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | $20.00K | $45.00K | |
| YoY Change | 300.0% | 104.55% | |
| Pretax Income | -$2.145M | -$1.995M | |
| YoY Change | -7.74% | -35.25% | |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$2.145M | -$2.017M | -$1.995M |
| YoY Change | -7.74% | -7.9% | -34.27% |
| Net Earnings / Revenue | -3763.16% | ||
| Basic Earnings Per Share | $0.06 | $0.05 | |
| Diluted Earnings Per Share | $0.06 | $0.05 | -$0.07 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 35.79M shares | 35.48M shares | 28.81M shares |
| Diluted Shares Outstanding | 37.09M shares | 36.74M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $9.056M | $9.189M | $11.02M |
| YoY Change | -0.86% | -14.05% | -10.48% |
| Cash & Equivalents | $9.056M | $9.189M | $11.02M |
| Short-Term Investments | |||
| Other Short-Term Assets | $67.00K | $39.00K | $238.0K |
| YoY Change | -81.07% | -94.03% | -19.05% |
| Inventory | |||
| Prepaid Expenses | $268.0K | $384.0K | $34.00K |
| Receivables | $57.00K | $0.00 | |
| Other Receivables | $69.00K | $0.00 | |
| Total Short-Term Assets | $9.595M | $9.751M | $11.26M |
| YoY Change | -2.23% | -14.26% | -12.39% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $76.00K | $87.00K | $488.0K |
| YoY Change | -37.7% | -36.03% | 251.08% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $20.00K | $20.00K | $20.00K |
| YoY Change | -59.18% | -59.18% | -59.18% |
| Total Long-Term Assets | $440.0K | $488.0K | $508.0K |
| YoY Change | -30.27% | 109.44% | 82.73% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $9.595M | $9.751M | $11.26M |
| Total Long-Term Assets | $440.0K | $488.0K | $508.0K |
| Total Assets | $10.04M | $10.24M | $11.77M |
| YoY Change | -3.93% | -11.78% | -10.38% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $69.00K | $66.00K | $83.00K |
| YoY Change | -71.25% | -56.0% | 388.24% |
| Accrued Expenses | $1.225M | $1.055M | $1.008M |
| YoY Change | -24.62% | -21.5% | -23.87% |
| 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 | $1.294M | $1.121M | $1.091M |
| YoY Change | -30.62% | -24.97% | -18.64% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $209.0K | $255.0K | $288.0K |
| YoY Change | -39.94% | 696.88% | 800.0% |
| Total Long-Term Liabilities | $209.0K | $255.0K | $288.0K |
| YoY Change | -39.94% | 696.88% | 800.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.294M | $1.121M | $1.091M |
| Total Long-Term Liabilities | $209.0K | $255.0K | $288.0K |
| Total Liabilities | $1.503M | $1.376M | $1.379M |
| YoY Change | -32.08% | -9.83% | 0.44% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$108.5M | -$106.4M | -$104.4M |
| YoY Change | 8.5% | 8.92% | 9.32% |
| Common Stock | $117.0M | $115.2M | $114.7M |
| YoY Change | 8.17% | 6.96% | 7.02% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $8.532M | $8.863M | $10.39M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $10.04M | $10.24M | $11.77M |
| YoY Change | -3.93% | -11.78% | -10.38% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.145M | -$2.017M | -$1.995M |
| YoY Change | -7.74% | -7.9% | -34.27% |
| Depreciation, Depletion And Amortization | $11.00K | $13.00K | $13.00K |
| YoY Change | -26.67% | -7.14% | -18.75% |
| Cash From Operating Activities | -$1.335M | -$1.862M | -$2.617M |
| YoY Change | -14.37% | 15.72% | 30.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $0.00 | $5.000K |
| YoY Change | -100.0% | -100.0% | 66.67% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | |||
| Cash From Investing Activities | $0.00 | $0.00 | -$5.000K |
| YoY Change | -100.0% | -100.0% | 66.67% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.216M | $30.00K | 6.031M |
| YoY Change | 24220.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -1.335M | -$1.862M | -2.617M |
| Cash From Investing Activities | 0.000 | $0.00 | -5.000K |
| Cash From Financing Activities | 1.216M | $30.00K | 6.031M |
| Net Change In Cash | -119.0K | -$1.832M | 3.409M |
| YoY Change | -92.35% | 13.09% | -269.27% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.335M | -$1.862M | -$2.617M |
| Capital Expenditures | $0.00 | $0.00 | $5.000K |
| Free Cash Flow | -$1.335M | -$1.862M | -$2.622M |
| YoY Change | -14.42% | 14.94% | 30.19% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
254000 | usd |
| CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
500000 | usd |
| CY2024Q1 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
902000 | usd |
| CY2024Q1 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
| CY2024Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
35785309 | shares |
| CY2024Q1 | entx |
Proceeds From Options And Warrant Exercises
ProceedsFromOptionsAndWarrantExercises
|
30000 | usd |
| CY2023Q1 | entx |
Proceeds From Options And Warrant Exercises
ProceedsFromOptionsAndWarrantExercises
|
0 | usd |
| CY2024Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-106400000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
0.6 | |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.7428 | |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0393 | |
| CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y3M18D |
