2021 Q2 Form 10-Q Financial Statement

#000156459021044068 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.921M $3.230M
YoY Change 52.35% 289.16%
% of Gross Profit
Research & Development $15.63M $8.443M
YoY Change 85.12% 166.76%
% of Gross Profit
Depreciation & Amortization $15.00K $20.00K
YoY Change -25.0% 100.0%
% of Gross Profit
Operating Expenses $20.55M $11.67M
YoY Change 76.06% 191.9%
Operating Profit -$20.55M $11.67M
YoY Change -276.06% 191.9%
Interest Expense -$400.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$172.0K $98.00K
YoY Change -275.51% -99.11%
Pretax Income -$20.72M -$11.77M
YoY Change 76.05% -21.35%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$20.72M -$11.77M
YoY Change 76.05% -21.39%
Net Earnings / Revenue
Basic Earnings Per Share -$1.03
Diluted Earnings Per Share -$1.03 -$852.9K
COMMON SHARES
Basic Shares Outstanding 20.06M
Diluted Shares Outstanding 20.06M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $171.0M $73.90M
YoY Change 131.34% 237.44%
Cash & Equivalents $35.71M $68.20M
Short-Term Investments $135.2M $5.700M
Other Short-Term Assets $9.610M $1.400M
YoY Change 586.43% 1300.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $180.6M $75.30M
YoY Change 139.8% 242.27%
LONG-TERM ASSETS
Property, Plant & Equipment $154.0K $200.0K
YoY Change -23.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $984.0K $1.080M
YoY Change -8.89% 260.0%
Total Long-Term Assets $1.138M $1.300M
YoY Change -12.46% 333.33%
TOTAL ASSETS
Total Short-Term Assets $180.6M $75.30M
Total Long-Term Assets $1.138M $1.300M
Total Assets $181.7M $76.60M
YoY Change 137.22% 243.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.915M $3.100M
YoY Change -38.23% 210.0%
Accrued Expenses $5.665M $3.700M
YoY Change 53.11% 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 $7.580M $6.791M
YoY Change 11.62% -28.52%
LONG-TERM LIABILITIES
Long-Term Debt $1.426M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.426M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.580M $6.791M
Total Long-Term Liabilities $1.426M $0.00
Total Liabilities $9.006M $6.800M
YoY Change 32.44% -28.42%
SHAREHOLDERS EQUITY
Retained Earnings -$95.91M
YoY Change
Common Stock $165.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $172.7M $69.77M
YoY Change
Total Liabilities & Shareholders Equity $181.7M $76.56M
YoY Change 137.34% 243.33%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$20.72M -$11.77M
YoY Change 76.05% -21.39%
Depreciation, Depletion And Amortization $15.00K $20.00K
YoY Change -25.0% 100.0%
Cash From Operating Activities -$20.11M -$11.53M
YoY Change 74.42% 191.16%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$50.00K
YoY Change -60.0% 150.0%
Acquisitions
YoY Change
Other Investing Activities -$13.86M -$5.700M
YoY Change 143.09%
Cash From Investing Activities -$13.88M -$5.750M
YoY Change 141.32% 28650.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.688M -70.00K
YoY Change -2511.43% -100.37%
NET CHANGE
Cash From Operating Activities -20.11M -11.53M
Cash From Investing Activities -13.88M -5.750M
Cash From Financing Activities 1.688M -70.00K
Net Change In Cash -32.30M -17.35M
YoY Change 86.16% -216.76%
FREE CASH FLOW
Cash From Operating Activities -$20.11M -$11.53M
Capital Expenditures -$20.00K -$50.00K
Free Cash Flow -$20.09M -$11.48M
YoY Change 75.01% 191.37%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Incorporation Date Of Incorporation
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<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying condensed consolidated financial statements include but are not limited to the fair value of stock options and certain accrued expenses. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates. </p>
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9.73
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8752000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2545455
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1816966

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