2022 Q4 Form 10-K Financial Statement

#000149315222035443 Filed on December 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022
Revenue $142.7K -$120.0K $112.2K
YoY Change -82.36%
Cost Of Revenue $162.9K -$120.0K $952.2K
YoY Change -76.98% -141.38% 89.27%
Gross Profit -$20.17K $10.00K $238.4K
YoY Change -119.88% -88.89% -12.26%
Gross Profit Margin -14.14% 212.51%
Selling, General & Admin $1.427M $1.600M $4.856M
YoY Change 179.76% 6433.28% 7993.4%
% of Gross Profit 16000.0% 2037.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.13K $1.110M $95.16K
YoY Change -444100.0% 274.43%
% of Gross Profit 11100.0% 39.92%
Operating Expenses $1.427M $1.600M $4.856M
YoY Change 179.76% 6433.28% 7993.4%
Operating Profit -$1.447M -$1.590M -$4.618M
YoY Change 254.17% -2527.11% 304.35%
Interest Expense $6.00 $0.00 -$1.010M
YoY Change -100.0% 3266.67%
% of Operating Profit
Other Income/Expense, Net $6.977K $40.00K -$939.0K
YoY Change -72.38% 3976.12%
Pretax Income -$1.440M -$1.560M -$5.557M
YoY Change 275.69% 6269.95% 9161.05%
Income Tax $219.00
% Of Pretax Income
Net Earnings -$1.373M -$1.560M -$5.232M
YoY Change 258.26% 6269.95% 8619.8%
Net Earnings / Revenue -962.49% -4663.99%
Basic Earnings Per Share -$0.01 -$0.08
Diluted Earnings Per Share -$0.01 -$0.01 -$0.08
COMMON SHARES
Basic Shares Outstanding 102.0M shares 101.9M shares 62.18M shares
Diluted Shares Outstanding 101.9M shares 62.18M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $170.0K $150.0K $150.0K
YoY Change -91.25% -91.23%
Cash & Equivalents $166.2K $152.3K $150.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $547.6K $619.0K $620.0K
Prepaid Expenses
Receivables $67.66K $85.96K $90.00K
Other Receivables $650.0K $830.0K $830.0K
Total Short-Term Assets $1.430M $1.689M $1.690M
YoY Change -47.63% -47.52%
LONG-TERM ASSETS
Property, Plant & Equipment $568.7K $602.8K $1.040M
YoY Change 341.26% 642.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $80.32M $81.42M $81.42M
YoY Change 59506.25% 58057.14%
TOTAL ASSETS
Total Short-Term Assets $1.430M $1.689M $1.690M
Total Long-Term Assets $80.32M $81.42M $81.42M
Total Assets $81.75M $83.11M $83.11M
YoY Change 2372.5% 2373.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.95K $110.8K $220.0K
YoY Change 369.49% 8.19% 100.0%
Accrued Expenses $87.84K $106.0K $120.0K
YoY Change 631.96% -5.22% 9.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $727.0K $892.0K $890.0K
YoY Change 1172.56% -46.45% -46.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $330.0K $370.0K $370.0K
YoY Change
Total Long-Term Liabilities $333.3K $373.4K $370.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $727.0K $892.0K $890.0K
Total Long-Term Liabilities $333.3K $373.4K $370.0K
Total Liabilities $1.060M $1.265M $1.210M
YoY Change 1755.94% -24.04% -33.88%
SHAREHOLDERS EQUITY
Retained Earnings -$8.839M -$7.465M
YoY Change 234.25%
Common Stock $89.60M $89.23M
YoY Change 2983.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.82M $81.90M $81.90M
YoY Change
Total Liabilities & Shareholders Equity $81.75M $83.11M $83.11M
YoY Change 2372.5% 2373.51%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022
OPERATING ACTIVITIES
Net Income -$1.373M -$1.560M -$5.232M
YoY Change 258.26% 6269.95% 8619.8%
Depreciation, Depletion And Amortization $35.13K $1.110M $95.16K
YoY Change -444100.0% 274.43%
Cash From Operating Activities -$264.2K -$520.0K -$1.540M
YoY Change -62.5% 2980.33%
INVESTING ACTIVITIES
Capital Expenditures $1.044K -$10.00K $561.3K
YoY Change -99.79% -112.5% 496.86%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.044K $10.00K -$561.3K
YoY Change -112.5% 496.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $185.2K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $297.1K 260.0K $454.7K
YoY Change 441.89% 809.44%
NET CHANGE
Cash From Operating Activities -$264.2K -520.0K -$1.540M
Cash From Investing Activities -$1.044K 10.00K -$561.3K
Cash From Financing Activities $297.1K 260.0K $454.7K
Net Change In Cash $31.83K -250.0K -$1.647M
YoY Change -81.32%
FREE CASH FLOW
Cash From Operating Activities -$264.2K -$520.0K -$1.540M
Capital Expenditures $1.044K -$10.00K $561.3K
Free Cash Flow -$265.3K -$510.0K -$2.101M
YoY Change -47.74% -65.22% 1358.91%

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CY2022 us-gaap Stock Issued1
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CY2022 EVOH Noncash Stock Issued For Convertible Bonds
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CY2021 EVOH Increase In Additional Paid In Capital Due To Forgiveness Of Loan From Related Party And Stock Refund Payable
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CY2022 us-gaap Use Of Estimates
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<p id="xdx_84F_eus-gaap--UseOfEstimates_zP1NqvBeYX2f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zDTh43KttzTl">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of 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 the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting periods. Key estimates in the accompanying consolidated financial statements include, among others, revenue recognition, allowances for doubtful accounts and product returns, provisions for obsolete inventory, valuation of long-lived assets and Rights of Use (“ROU”) assets (including lease liabilities), and deferred income tax asset valuation allowances. Actual results could differ materially from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Fiscal Period
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CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
74074 shares
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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ProceedsFromContributedCapital
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ProceedsFromSharesToBeIssued
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CY2022 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
Property and equipment are depreciated over 5 to 10 years
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CommonStockSharesIssued
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CY2022 us-gaap Revenues
Revenues
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CommonStockSharesOutstanding
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CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2021Q3 us-gaap Common Stock Shares Outstanding
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CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2022Q3 us-gaap Inventory Work In Process And Raw Materials
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InventoryNet
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CY2022Q3 us-gaap Deposit Assets
DepositAssets
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CY2021Q3 us-gaap Deposit Assets
DepositAssets
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CY2022Q3 us-gaap Other Receivables
OtherReceivables
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CY2021Q3 us-gaap Other Receivables
OtherReceivables
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CY2022Q3 EVOH Deposit Prepayments And Other Receivables
DepositPrepaymentsAndOtherReceivables
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DepositPrepaymentsAndOtherReceivables
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CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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PropertyPlantAndEquipmentNet
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CY2021 us-gaap Depreciation
Depreciation
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CY2022 us-gaap Depreciation
Depreciation
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CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
2771592 usd
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FiniteLivedIntangibleAssetsNet
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2771592 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
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CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
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CY2021Q3 us-gaap Accounts Payable Current
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102394 usd
CY2022Q3 us-gaap Accrued Liabilities Current
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106048 usd
CY2021Q3 us-gaap Accrued Liabilities Current
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CY2022Q3 us-gaap Other Accounts Payable And Accrued Liabilities
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31980 usd
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CY2021Q3 us-gaap Convertible Notes Payable Current
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CY2022Q3 us-gaap Due To Related Parties Current And Noncurrent
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2301 usd
CY2021Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
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CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021 EVOH Increase In Additional Paid In Capital Due To Forgiveness Of Loan From Related Party And Stock Refund Payable
IncreaseInAdditionalPaidInCapitalDueToForgivenessOfLoanFromRelatedPartyAndStockRefundPayable
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CY2021 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.21 pure
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7470000 usd
CY2021Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2230000 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7470000 usd
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2230000 usd
CY2022Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7470000 usd
CY2021Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2230000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2022Q3 EVOH Operating Lease Right Of Use Assets Current
OperatingLeaseRightOfUseAssetsCurrent
442020 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
472872 usd
CY2022Q3 EVOH Lessee Operating Lease Liability Payments Due After Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFour
28839 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
472872 usd

Files In Submission

Name View Source Status
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0001493152-22-035443-index.html Edgar Link pending
evoh-20220831_def.xml Edgar Link unprocessable
0001493152-22-035443.txt Edgar Link pending
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evoh-20220831.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
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form10-k.htm Edgar Link pending
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evoh-20220831_pre.xml Edgar Link unprocessable
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form10-k_htm.xml Edgar Link completed
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