2021 Q3 Form 10-Q Financial Statement

#000114036121028301 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $0.00 $0.00 $754.0K
YoY Change -100.0% -100.0% -85.58%
Cost Of Revenue $613.0K
YoY Change -64.36%
Gross Profit $141.0K
YoY Change -95.98%
Gross Profit Margin 18.7%
Selling, General & Admin $4.258M $4.581M $1.595M
YoY Change 105.91% 187.21% -53.36%
% of Gross Profit 1131.21%
Research & Development $1.467M $5.432M
YoY Change 58.81%
% of Gross Profit
Depreciation & Amortization $29.26K $38.20K $512.0K
YoY Change -92.13% -92.54% -26.86%
% of Gross Profit 363.12%
Operating Expenses $1.467M $10.01M $2.019M
YoY Change 58.81% 395.89% -42.47%
Operating Profit -$86.28M -$10.01M -$2.019M
YoY Change 34754.91% 395.89%
Interest Expense -$20.21K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $277.1K -$72.00K $14.25K
YoY Change -2306.14% -605.44% -115.83%
Pretax Income -$86.06M -$10.09M -$2.008M
YoY Change 5637.02% 402.24% 2131.11%
Income Tax $0.00 $15.00K
% Of Pretax Income
Net Earnings -$86.06M -$10.09M -$2.033M
YoY Change 5710.62% 395.96% 1933.45%
Net Earnings / Revenue -269.69%
Basic Earnings Per Share -$34.03 -$0.24 -$0.12
Diluted Earnings Per Share -$1.703M -$0.24 -$0.12
COMMON SHARES
Basic Shares Outstanding 51.73M 42.45M 17.58M
Diluted Shares Outstanding 2.527M 42.45M 17.58M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.38M $50.16M $2.234M
YoY Change 1325.84% 2145.51% -18.17%
Cash & Equivalents $24.38M $50.17M $5.187M
Short-Term Investments
Other Short-Term Assets $1.353M $1.753M $1.669M
YoY Change 44.26% 5.04% -25.82%
Inventory
Prepaid Expenses
Receivables $186.0K
Other Receivables $0.00
Total Short-Term Assets $25.76M $51.94M $4.089M
YoY Change 822.25% 1170.27% -28.39%
LONG-TERM ASSETS
Property, Plant & Equipment $4.213M $582.0K $972.0K
YoY Change 507.04% -40.12% -84.04%
Goodwill $2.044M $2.044M
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.000M $514.9K
YoY Change
Other Assets $214.0K
YoY Change -68.53%
Total Long-Term Assets $13.64M $12.77M $2.701M
YoY Change 503.1% 372.73% -72.8%
TOTAL ASSETS
Total Short-Term Assets $25.76M $51.94M $4.089M
Total Long-Term Assets $13.64M $12.77M $2.701M
Total Assets $39.39M $64.71M $6.790M
YoY Change 679.47% 853.01% -56.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $996.3K $3.679M $397.0K
YoY Change 262.28% 826.78% 41.79%
Accrued Expenses $2.128M $1.916M $529.0K
YoY Change 235.72% 262.22% -63.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $410.0K $719.9K $1.644M
YoY Change -76.53% -56.21% 48.11%
Total Short-Term Liabilities $4.561M $7.684M $3.195M
YoY Change 55.65% 140.52% -10.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.635M
YoY Change -100.0% -100.0% -27.97%
Other Long-Term Liabilities $21.79M $22.86K $29.00K
YoY Change -21.16% -99.07%
Total Long-Term Liabilities $21.79M $22.86K $1.664M
YoY Change 1237.85% -98.63% -69.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.561M $7.684M $3.195M
Total Long-Term Liabilities $21.79M $22.86K $1.664M
Total Liabilities $26.35M $29.53M $4.859M
YoY Change 478.07% 507.67% -45.83%
SHAREHOLDERS EQUITY
Retained Earnings -$151.2M -$65.18M
YoY Change
Common Stock $260.2K $223.5K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.04M $53.60M $11.76M
YoY Change
Total Liabilities & Shareholders Equity $39.39M $64.71M $6.790M
YoY Change 679.47% 853.01% -56.59%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$86.06M -$10.09M -$2.033M
YoY Change 5710.62% 395.96% 1933.45%
Depreciation, Depletion And Amortization $29.26K $38.20K $512.0K
YoY Change -92.13% -92.54% -26.86%
Cash From Operating Activities -$6.423M -$6.805M -$1.285M
YoY Change 673.84% 429.56% -329.46%
INVESTING ACTIVITIES
Capital Expenditures -$6.860K $0.00 -$10.00K
YoY Change -84.41% -100.0% -103.13%
Acquisitions
YoY Change
Other Investing Activities -$22.85M -$460.00
YoY Change
Cash From Investing Activities -$22.86M -$460.00 -$10.00K
YoY Change 51855.61% -95.4% -96.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.500M 48.56M 1.232M
YoY Change 2314.13% 3841.56% -716.0%
NET CHANGE
Cash From Operating Activities -6.423M -6.805M -1.285M
Cash From Investing Activities -22.86M -460.0 -10.00K
Cash From Financing Activities 3.500M 48.56M 1.232M
Net Change In Cash -25.78M 41.75M -63.00K
YoY Change 3436.74% -66377.38% -257.5%
FREE CASH FLOW
Cash From Operating Activities -$6.423M -$6.805M -$1.285M
Capital Expenditures -$6.860K $0.00 -$10.00K
Free Cash Flow -$6.416M -$6.805M -$1.275M
YoY Change 716.29% 433.71% -631.25%

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