2021 Q2 Form 10-Q Financial Statement

#000156459021044463 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q1
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.224M $670.0K
YoY Change 192.63% -84.94%
% of Gross Profit
Research & Development $3.523M $3.141M
YoY Change -89.02% -74.74%
% of Gross Profit
Depreciation & Amortization $17.00K $57.00K
YoY Change -15.0% -73.61%
% of Gross Profit
Operating Expenses $5.747M $3.141M
YoY Change -82.1% -81.39%
Operating Profit -$5.747M
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$65.00K -$23.00K
YoY Change 550.0% -89.2%
Pretax Income -$5.812M -$2.050M
YoY Change -83.28% -88.0%
Income Tax
% Of Pretax Income
Net Earnings -$5.812M -$2.050M
YoY Change -83.28% 73.0%
Net Earnings / Revenue
Basic Earnings Per Share -$0.43
Diluted Earnings Per Share -$0.43 -$967.0K
COMMON SHARES
Basic Shares Outstanding 13.60M 23.90M
Diluted Shares Outstanding 13.60M

Balance Sheet

Concept 2021 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.80M $4.119M
YoY Change 83.38% -94.86%
Cash & Equivalents $50.80M $4.119M
Short-Term Investments $0.00
Other Short-Term Assets $1.086M $300.0K
YoY Change 171.5% -81.25%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $51.88M $14.51M
YoY Change 84.63% -82.24%
LONG-TERM ASSETS
Property, Plant & Equipment $70.00K $694.0K
YoY Change -30.0% -81.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $936.0K
YoY Change
Total Long-Term Assets $1.006M $4.123M
YoY Change 403.0% -68.31%
TOTAL ASSETS
Total Short-Term Assets $51.88M $14.51M
Total Long-Term Assets $1.006M $4.123M
Total Assets $52.89M $18.63M
YoY Change 86.88% -80.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $985.0K $1.627M
YoY Change -62.12% -41.89%
Accrued Expenses $1.993M $6.030M
YoY Change 130.14% -46.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M
YoY Change 127.27%
Total Short-Term Liabilities $2.978M $12.64M
YoY Change -12.41% -21.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $3.900M
YoY Change -59.38%
Total Long-Term Liabilities $0.00 $3.900M
YoY Change -88.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.978M $12.64M
Total Long-Term Liabilities $0.00 $3.900M
Total Liabilities $2.978M $16.55M
YoY Change -12.41% -66.83%
SHAREHOLDERS EQUITY
Retained Earnings -$62.10M -$289.7M
YoY Change 48.56% 24.34%
Common Stock $291.8M
YoY Change 5.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.91M -$6.772M
YoY Change
Total Liabilities & Shareholders Equity $52.89M $18.60M
YoY Change 86.88% -80.36%

Cashflow Statement

Concept 2021 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income -$5.812M -$2.050M
YoY Change -83.28% 73.0%
Depreciation, Depletion And Amortization $17.00K $57.00K
YoY Change -15.0% -73.61%
Cash From Operating Activities -$3.938M -$2.865M
YoY Change -1.8% -83.8%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $12.72M
YoY Change -100.0% 108.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.00K
YoY Change -95.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.00K 45.00K
YoY Change -100.13% -97.46%
NET CHANGE
Cash From Operating Activities -3.938M -2.865M
Cash From Investing Activities 0.000 12.72M
Cash From Financing Activities -32.00K 45.00K
Net Change In Cash -3.970M -2.820M
YoY Change -116.8% -71.27%
FREE CASH FLOW
Cash From Operating Activities -$3.938M -$2.865M
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;text-indent:3.78%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">The preparation of the Company’s financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, and expenses and the disclosure of contingent assets and liabilities in the Company’s financial statements and accompanying notes. Significant management estimates that affect the reported amounts of assets and liabilities include useful lives of property and equipment, stock-based compensation, accruals for clinical trials and drug manufacturing and deferred tax assets. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions. </span></p>
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Files In Submission

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