2020 Q2 Form 10-Q Financial Statement

#000156459020040062 Filed on August 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2018 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.230M $830.0K $720.0K
YoY Change 289.16%
% of Gross Profit
Research & Development $8.443M $3.165M $3.690M
YoY Change 166.76%
% of Gross Profit
Depreciation & Amortization $20.00K $10.00K $10.00K
YoY Change 100.0%
% of Gross Profit
Operating Expenses $11.67M $3.999M $4.410M
YoY Change 191.9%
Operating Profit $11.67M $3.999M -$4.408M
YoY Change 191.9% -157.39%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $98.00K $10.97M -$200.0K
YoY Change -99.11%
Pretax Income -$11.77M -$14.97M -$4.610M
YoY Change -21.35%
Income Tax $0.00 $6.000K $30.00K
% Of Pretax Income
Net Earnings -$11.77M -$14.97M -$4.638M
YoY Change -21.39% 103.08%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$852.9K -$1.227M -$384.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.90M $21.90M
YoY Change 237.44%
Cash & Equivalents $68.20M $21.92M $11.23M
Short-Term Investments $5.700M
Other Short-Term Assets $1.400M $100.0K
YoY Change 1300.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $75.30M $22.00M $11.32M
YoY Change 242.27%
LONG-TERM ASSETS
Property, Plant & Equipment $200.0K $0.00 $33.00K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.080M $300.0K
YoY Change 260.0%
Total Long-Term Assets $1.300M $300.0K $53.00K
YoY Change 333.33%
TOTAL ASSETS
Total Short-Term Assets $75.30M $22.00M $11.32M
Total Long-Term Assets $1.300M $300.0K $53.00K
Total Assets $76.60M $22.30M $11.37M
YoY Change 243.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $1.000M $1.509M
YoY Change 210.0%
Accrued Expenses $3.700M $2.700M $1.173M
YoY Change 37.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.791M $9.500M $4.353M
YoY Change -28.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.791M $9.500M $4.353M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $6.800M $9.500M
YoY Change -28.42%
SHAREHOLDERS EQUITY
Retained Earnings -$95.91M -$16.18M
YoY Change
Common Stock $165.7M $119.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $69.77M -$35.36M -$16.06M
YoY Change
Total Liabilities & Shareholders Equity $76.56M $22.30M $11.37M
YoY Change 243.33%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2018 Q4
OPERATING ACTIVITIES
Net Income -$11.77M -$14.97M -$4.638M
YoY Change -21.39% 103.08%
Depreciation, Depletion And Amortization $20.00K $10.00K $10.00K
YoY Change 100.0%
Cash From Operating Activities -$11.53M -$3.960M -$3.290M
YoY Change 191.16% -40.36%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$20.00K $0.00
YoY Change 150.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities -$5.700M
YoY Change
Cash From Investing Activities -$5.750M -$20.00K $0.00
YoY Change 28650.0% -33.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K 18.84M 9.000M
YoY Change -100.37% 27.56%
NET CHANGE
Cash From Operating Activities -11.53M -3.960M -3.290M
Cash From Investing Activities -5.750M -20.00K 0.000
Cash From Financing Activities -70.00K 18.84M 9.000M
Net Change In Cash -17.35M 14.86M 5.710M
YoY Change -216.76% 83.46%
FREE CASH FLOW
Cash From Operating Activities -$11.53M -$3.960M -$3.290M
Capital Expenditures -$50.00K -$20.00K $0.00
Free Cash Flow -$11.48M -$3.940M -$3.290M
YoY Change 191.37% -40.39%

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