2019 Q1 Form 10-K Financial Statement
#000168316819000583 Filed on March 11, 2019
Income Statement
Concept | 2019 Q1 | 2017 Q4 | 2017 |
---|---|---|---|
Revenue | $153.9K | $50.00K | $898.1K |
YoY Change | 124.48% | -61.54% | -19.96% |
Cost Of Revenue | $131.7K | $100.0K | $726.3K |
YoY Change | 634.94% | 11.11% | -16.19% |
Gross Profit | $22.15K | -$50.00K | $171.8K |
YoY Change | -56.25% | -225.0% | -32.73% |
Gross Profit Margin | 14.4% | -100.0% | 19.13% |
Selling, General & Admin | $110.7K | $120.0K | $484.1K |
YoY Change | 59.99% | 0.0% | -7.0% |
% of Gross Profit | 499.52% | 281.74% | |
Research & Development | $62.00K | $30.00K | $208.2K |
YoY Change | 21.53% | -57.14% | 3.14% |
% of Gross Profit | 279.9% | 121.19% | |
Depreciation & Amortization | $32.93K | $0.00 | $2.182K |
YoY Change | 5941.28% | 93.1% | |
% of Gross Profit | 148.63% | 1.27% | |
Operating Expenses | $558.1K | $150.0K | $692.4K |
YoY Change | 178.55% | -21.05% | -4.16% |
Operating Profit | -$535.9K | -$200.0K | -$520.5K |
YoY Change | 257.95% | 33.33% | 11.46% |
Interest Expense | $730.00 | -$70.00K | -$105.8K |
YoY Change | -101.46% | -52233.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | $725.00 | -$10.00K | -$105.8K |
YoY Change | -101.34% | 0.0% | -18098.47% |
Pretax Income | -$535.2K | -$270.0K | -$626.4K |
YoY Change | 162.56% | 68.75% | 34.14% |
Income Tax | $0.00 | $0.00 | $694.00 |
% Of Pretax Income | |||
Net Earnings | -$535.2K | -$270.0K | -$626.4K |
YoY Change | 162.56% | 68.75% | 34.0% |
Net Earnings / Revenue | -347.78% | -540.0% | -69.74% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$13.08K | -$0.01 | -$18.12K |
COMMON SHARES | |||
Basic Shares Outstanding | 40.91M shares | 34.57M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q1 | 2017 Q4 | 2017 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.555M | $390.0K | $394.4K |
YoY Change | 1321.99% | 14.71% | 15.98% |
Cash & Equivalents | $3.555M | $394.4K | $394.4K |
Short-Term Investments | |||
Other Short-Term Assets | $71.64K | $10.00K | $8.280K |
YoY Change | 0.0% | 4.02% | |
Inventory | $45.45K | $47.43K | $47.43K |
Prepaid Expenses | $71.64K | $8.280K | |
Receivables | $546.6K | $26.31K | $26.88K |
Other Receivables | $2.150K | $0.00 | $0.00 |
Total Short-Term Assets | $4.223M | $477.0K | $477.0K |
YoY Change | 1041.31% | 5.43% | 5.43% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.737M | $6.336K | $6.340K |
YoY Change | 47267.11% | -25.61% | -25.59% |
Goodwill | $307.6K | ||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $13.84K | $0.00 | $7.210K |
YoY Change | 38.4% | -70.85% | |
Total Long-Term Assets | $5.243M | $13.55K | $13.54K |
YoY Change | 52325.39% | -59.25% | -59.28% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.223M | $477.0K | $477.0K |
Total Long-Term Assets | $5.243M | $13.55K | $13.54K |
Total Assets | $9.465M | $490.5K | $490.5K |
YoY Change | 2390.89% | 1.0% | 1.0% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | $450.0K | $449.3K |
YoY Change | -100.0% | 21.62% | 21.91% |
Accrued Expenses | $51.33K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $41.50K | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $367.2K | $481.8K | $481.8K |
YoY Change | -30.72% | 11.67% | 11.67% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.500K | $80.00K | $81.34K |
YoY Change | -92.92% | ||
Other Long-Term Liabilities | $144.3K | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Total Long-Term Liabilities | $152.8K | $80.00K | $81.34K |
YoY Change | 27.34% | 17206.38% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $367.2K | $481.8K | $481.8K |
Total Long-Term Liabilities | $152.8K | $80.00K | $81.34K |
Total Liabilities | $520.0K | $563.1K | $563.1K |
YoY Change | -21.21% | 30.38% | 30.38% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$4.451M | -$1.979M | |
YoY Change | 46.31% | ||
Common Stock | $40.96K | $34.58K | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $8.857M | -$72.60K | -$72.60K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.465M | $490.5K | $490.5K |
YoY Change | 2390.89% | 1.0% | 1.0% |
Cashflow Statement
Concept | 2019 Q1 | 2017 Q4 | 2017 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$535.2K | -$270.0K | -$626.4K |
YoY Change | 162.56% | 68.75% | 34.0% |
Depreciation, Depletion And Amortization | $32.93K | $0.00 | $2.182K |
YoY Change | 5941.28% | 93.1% | |
Cash From Operating Activities | -$369.1K | -$190.0K | -$445.7K |
YoY Change | 160.18% | 137.5% | 11.2% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $181.1K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$348.5K | ||
YoY Change | |||
Cash From Investing Activities | -$529.6K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | $2.021K | ||
YoY Change | |||
Cash From Financing Activities | -$2.021K | 0.000 | $500.0K |
YoY Change | -703.12% | ||
NET CHANGE | |||
Cash From Operating Activities | -$369.1K | -190.0K | -$445.7K |
Cash From Investing Activities | -$529.6K | 0.000 | $0.00 |
Cash From Financing Activities | -$2.021K | 0.000 | $500.0K |
Net Change In Cash | -$900.8K | -190.0K | $54.33K |
YoY Change | 534.92% | 111.11% | -111.04% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$369.1K | -$190.0K | -$445.7K |
Capital Expenditures | $181.1K | $0.00 | $0.00 |
Free Cash Flow | -$550.2K | -$190.0K | -$445.7K |
YoY Change | 287.84% | 171.43% | 8.96% |
Facts In Submission
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39061 | usd |
CY2017 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
-9768 | usd |
CY2018 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
48790 | usd |
CY2017 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-30333 | usd |
CY2018 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
107553 | usd |
CY2017 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
318 | usd |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-154675 | usd |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
80743 | usd |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
4921 | usd |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
0 | usd |
CY2018 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
7210 | usd |
CY2017 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-30392 | usd |
CY2018 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-800 | usd |
CY2017 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | usd |
CY2018 | us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
0 | usd |
CY2017 | us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
-468 | usd |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1411703 | usd |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-445673 | usd |
CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4599792 | usd |
CY2017 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4599792 | usd |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10072848 | usd |
CY2017 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10072848 | usd |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
500000 | usd |
CY2018 | FCUV |
Shares Issued To Reduce Notes Payable
SharesIssuedToReduceNotesPayable
|
313700 | usd |
CY2017 | FCUV |
Shares Issued To Reduce Notes Payable
SharesIssuedToReduceNotesPayable
|
0 | usd |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
105831 | usd |
CY2018 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Concentrations of Credit Risk</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company limits its exposure to credit loss by investing its cash with high credit quality financial institutions.</p> | |
CY2018 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2018 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2016Q4 | us-gaap |
Cash
Cash
|
340071 | usd |
CY2018 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
4061353 | usd |
CY2017Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
0 | usd |
CY2018 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2018Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
53501 | usd |
CY2017Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
27067 | usd |
CY2018Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
34000 | usd |
CY2017Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
0 | usd |
CY2018Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
31677 | usd |
CY2018Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
39625 | usd |
CY2017Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
564 | usd |
CY2018Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
7210 | usd |
CY2017Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
0 | usd |
CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-440943 | usd |
CY2017 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-105831 | usd |
CY2018 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
548951 | usd |
CY2018 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
662 | usd |
CY2017 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-17516 | usd |
CY2018 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
548949 | usd |
CY2017 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
0 | usd |
CY2018Q4 | FCUV |
Warehouse Gross
WarehouseGross
|
3789773 | usd |
CY2017Q4 | FCUV |
Warehouse Gross
WarehouseGross
|
0 | usd |
CY2018 | FCUV |
Shares Issued For Convertible Notes
SharesIssuedForConvertibleNotes
|
548949 | usd |
CY2017 | FCUV |
Shares Issued For Convertible Notes
SharesIssuedForConvertibleNotes
|
0 | usd |
CY2018Q4 | us-gaap |
Cash
Cash
|
4455751 | usd |
CY2017Q4 | us-gaap |
Cash
Cash
|
394398 | usd |
CY2017 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
54327 | usd |
CY2019Q1 | dei |
Entity Public Float
EntityPublicFloat
|
302733238 | usd |