2022 Q1 Form 10-Q Financial Statement

#000156459022020257 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.821M $1.420M
YoY Change 28.24% 111.94%
% of Gross Profit
Research & Development $693.0K $3.322M
YoY Change -79.14% 5.76%
% of Gross Profit
Depreciation & Amortization $0.00 $14.00K
YoY Change -100.0% -75.44%
% of Gross Profit
Operating Expenses $2.514M $4.741M
YoY Change -46.97% 50.94%
Operating Profit -$2.514M -$4.741M
YoY Change -46.97%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$53.00K -$63.00K
YoY Change -15.87% 173.91%
Pretax Income -$2.567M -$4.800M
YoY Change -46.52% 134.15%
Income Tax
% Of Pretax Income
Net Earnings -$2.567M -$4.804M
YoY Change -46.57% 134.34%
Net Earnings / Revenue
Basic Earnings Per Share -$0.17
Diluted Earnings Per Share -$173.9K -$362.3K
COMMON SHARES
Basic Shares Outstanding 14.76M 13.51M
Diluted Shares Outstanding 14.76M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.04M $54.80M
YoY Change -26.94% 1230.42%
Cash & Equivalents $40.00M $54.80M
Short-Term Investments
Other Short-Term Assets $376.0K $1.100M
YoY Change -65.82% 266.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $40.41M $55.90M
YoY Change -27.71% 285.28%
LONG-TERM ASSETS
Property, Plant & Equipment $100.0K
YoY Change -85.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $893.0K $1.113M
YoY Change -19.77%
Total Long-Term Assets $893.0K $1.200M
YoY Change -25.58% -70.89%
TOTAL ASSETS
Total Short-Term Assets $40.41M $55.90M
Total Long-Term Assets $893.0K $1.200M
Total Assets $41.30M $57.10M
YoY Change -27.66% 206.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $576.0K $1.200M
YoY Change -52.0% -26.24%
Accrued Expenses $680.0K $1.164M
YoY Change -41.58% -80.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.256M $2.400M
YoY Change -47.67% -81.01%
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 -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.256M $2.400M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.256M $2.400M
YoY Change -47.67% -85.5%
SHAREHOLDERS EQUITY
Retained Earnings -$75.70M -$56.30M
YoY Change 34.46% -80.56%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.05M $54.70M
YoY Change
Total Liabilities & Shareholders Equity $41.30M $57.10M
YoY Change -27.66% 206.99%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$2.567M -$4.804M
YoY Change -46.57% 134.34%
Depreciation, Depletion And Amortization $0.00 $14.00K
YoY Change -100.0% -75.44%
Cash From Operating Activities -$2.000M -$4.030M
YoY Change -50.37% 40.66%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.00K 27.00K
YoY Change -225.93% -40.0%
NET CHANGE
Cash From Operating Activities -2.000M -4.030M
Cash From Investing Activities
Cash From Financing Activities -34.00K 27.00K
Net Change In Cash -2.009M -4.003M
YoY Change -49.81% 41.95%
FREE CASH FLOW
Cash From Operating Activities -$2.000M -$4.030M
Capital Expenditures
Free Cash Flow
YoY Change

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