2021 Q3 Form 10-Q Financial Statement
#000168316821003554 Filed on August 13, 2021
Income Statement
Concept | 2021 Q3 | 2021 Q2 | 2020 Q2 |
---|---|---|---|
Revenue | $634.8K | $261.7K | $434.5K |
YoY Change | 16.69% | -39.78% | -16.19% |
Cost Of Revenue | $521.1K | $208.6K | $313.2K |
YoY Change | 35.57% | -33.39% | -16.88% |
Gross Profit | $113.7K | $53.10K | $121.4K |
YoY Change | -28.78% | -56.26% | -14.38% |
Gross Profit Margin | 17.91% | 20.29% | 27.94% |
Selling, General & Admin | $330.5K | $448.6K | $291.5K |
YoY Change | 11.85% | 53.93% | 14.64% |
% of Gross Profit | 290.71% | 844.95% | 240.11% |
Research & Development | $55.53K | $47.22K | $61.80K |
YoY Change | -10.5% | -23.59% | -4.51% |
% of Gross Profit | 48.84% | 88.94% | 50.91% |
Depreciation & Amortization | $41.06K | $40.33K | $40.53K |
YoY Change | 1.26% | -0.49% | 4.67% |
% of Gross Profit | 36.12% | 75.96% | 33.39% |
Operating Expenses | $871.2K | $925.2K | $781.3K |
YoY Change | 37.14% | 18.42% | 38.54% |
Operating Profit | -$757.6K | -$663.5K | -$659.9K |
YoY Change | 59.26% | 0.55% | 56.32% |
Interest Expense | -$748.4K | -$15.22K | -$1.240K |
YoY Change | 39710.64% | 1127.42% | -464.71% |
% of Operating Profit | |||
Other Income/Expense, Net | -$580.2K | $183.4K | $32.24K |
YoY Change | -1654.75% | 468.9% | 1287.69% |
Pretax Income | -$1.338M | -$480.1K | -$627.7K |
YoY Change | 205.17% | -23.5% | 49.5% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.338M | -$480.1K | -$627.7K |
YoY Change | 205.17% | -23.5% | 49.5% |
Net Earnings / Revenue | -210.74% | -183.49% | -144.44% |
Basic Earnings Per Share | -$0.03 | -$0.01 | |
Diluted Earnings Per Share | -$30.92K | -$0.01 | -$15.32K |
COMMON SHARES | |||
Basic Shares Outstanding | 40.96M shares | 40.96M shares | 40.96M shares |
Diluted Shares Outstanding | 43.26M shares | 40.96M shares |
Balance Sheet
Concept | 2021 Q3 | 2021 Q2 | 2020 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $9.535M | $1.381M | $1.365M |
YoY Change | 1060.14% | 1.19% | -60.14% |
Cash & Equivalents | $9.535M | $1.381M | $1.365M |
Short-Term Investments | |||
Other Short-Term Assets | $152.5K | $190.1K | $28.62K |
YoY Change | -14.16% | 564.12% | -2.88% |
Inventory | $19.84K | $11.58K | $68.94K |
Prepaid Expenses | $146.5K | $190.1K | $28.62K |
Receivables | $303.3K | $144.6K | $256.4K |
Other Receivables | $0.00 | $2.400K | $900.00 |
Total Short-Term Assets | $10.01M | $1.735M | $1.743M |
YoY Change | 616.27% | -0.43% | -54.69% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.377M | $4.412M | $4.572M |
YoY Change | -3.43% | -3.51% | -3.43% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $660.00 | $6.630K | $6.630K |
YoY Change | -90.05% | 0.0% | 0.0% |
Total Long-Term Assets | $4.429M | $4.481M | $4.687M |
YoY Change | -4.5% | -4.39% | -10.22% |
TOTAL ASSETS | |||
Total Short-Term Assets | $10.01M | $1.735M | $1.743M |
Total Long-Term Assets | $4.429M | $4.481M | $4.687M |
Total Assets | $14.44M | $6.216M | $6.430M |
YoY Change | 139.26% | -3.32% | -29.09% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | $0.00 | $170.7K |
YoY Change | -100.0% | -100.0% | |
Accrued Expenses | $55.63K | $58.49K | $48.64K |
YoY Change | 9.14% | 20.25% | -7.33% |
Deferred Revenue | $271.00 | $4.626K | $35.25K |
YoY Change | -95.34% | -86.88% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | $178.6K | $271.1K | $104.5K |
YoY Change | 19.09% | 159.49% | |
Total Short-Term Liabilities | $629.5K | $572.0K | $365.3K |
YoY Change | 70.25% | 56.58% | -22.08% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $88.66K | $1.737M | $301.4K |
YoY Change | -65.35% | 476.22% | |
Other Long-Term Liabilities | $17.14K | $12.34K | |
YoY Change | 38.91% | -90.58% | |
Total Long-Term Liabilities | $88.66K | $1.765M | $383.2K |
YoY Change | -72.62% | 360.57% | 192.67% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $629.5K | $572.0K | $365.3K |
Total Long-Term Liabilities | $88.66K | $1.765M | $383.2K |
Total Liabilities | $718.2K | $2.337M | $748.5K |
YoY Change | 3.55% | 212.2% | 24.81% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.22M | -$10.88M | -$8.729M |
YoY Change | 33.26% | 24.63% | 76.67% |
Common Stock | $43.26K | $40.96K | $40.96K |
YoY Change | 5.62% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $13.72M | $3.880M | $5.681M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $14.44M | $6.216M | $6.430M |
YoY Change | 139.26% | -3.32% | -29.09% |
Cashflow Statement
Concept | 2021 Q3 | 2021 Q2 | 2020 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.338M | -$480.1K | -$627.7K |
YoY Change | 205.17% | -23.5% | 49.5% |
Depreciation, Depletion And Amortization | $41.06K | $40.33K | $40.53K |
YoY Change | 1.26% | -0.49% | 4.67% |
Cash From Operating Activities | -$532.5K | -$525.5K | -$533.9K |
YoY Change | -1.75% | -1.57% | 552.77% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$6.880K | $0.00 | |
YoY Change | 425.19% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$6.880K | $0.00 | |
YoY Change | 425.19% | -100.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 8.693M | -1.290K | 405.9K |
YoY Change | -100.32% | -3415.85% | |
NET CHANGE | |||
Cash From Operating Activities | -532.5K | -525.5K | -533.9K |
Cash From Investing Activities | -6.880K | 0.000 | |
Cash From Financing Activities | 8.693M | -1.290K | 405.9K |
Net Change In Cash | 8.154M | -526.8K | -128.0K |
YoY Change | -1600.7% | 311.44% | -1.66% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$532.5K | -$525.5K | -$533.9K |
Capital Expenditures | -$6.880K | $0.00 | |
Free Cash Flow | -$525.6K | -$533.9K | |
YoY Change | -2.79% | 1070.32% |
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InterestExpenseRelatedParty
|
81 | usd | |
CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
198613 | usd |
CY2020Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
33476 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
242823 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
80257 | usd | |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
183390 | usd |
CY2020Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
32236 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
220067 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
80211 | usd | |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-480145 | usd |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-627667 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1162661 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1549973 | usd | |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-480145 | usd |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-627667 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1162661 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1549973 | usd | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40959741 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40959741 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40959741 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
40959741 | shares | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | ||
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4240934 | usd |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
106837 | usd |
CY2021Q2 | FCUV |
Common Stock To Be Issued For Services Value
CommonStockToBeIssuedForServicesValue
|
12000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-480145 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3879626 | usd |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6037619 | usd |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
259350 | usd |
CY2020Q2 | FCUV |
Common Stock To Be Issued For Services Value
CommonStockToBeIssuedForServicesValue
|
12000 | usd |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-627667 | usd |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5681302 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4804612 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
213675 | usd | |
FCUV |
Common Stock To Be Issued For Services Value
CommonStockToBeIssuedForServicesValue
|
24000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1162661 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3879626 | usd |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6688575 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
518700 | usd | |
FCUV |
Common Stock To Be Issued For Services Value
CommonStockToBeIssuedForServicesValue
|
24000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1549973 | usd | |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5681302 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1162661 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1549973 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
5749 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3954 | usd | |
us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
-1329 | usd | |
us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
4113 | usd | |
us-gaap |
Depreciation
Depreciation
|
80872 | usd | |
us-gaap |
Depreciation
Depreciation
|
81125 | usd | |
FCUV |
Sba Loan Forgiveness
SbaLoanForgiveness
|
151500 | usd | |
FCUV |
Amortization Of Rightofuse Assets
AmortizationOfRightofuseAssets
|
1675 | usd | |
FCUV |
Amortization Of Rightofuse Assets
AmortizationOfRightofuseAssets
|
755 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
24000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
24000 | usd | |
FCUV |
Share Based Compensation Options
ShareBasedCompensationOptions
|
213675 | usd | |
FCUV |
Share Based Compensation Options
ShareBasedCompensationOptions
|
518700 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-40219 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
123035 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
5016 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
22410 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-32248 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
10117 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
2400 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
900 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
98821 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-18356 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-100000 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-0 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
32400 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-20041 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-17471 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
0 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
164 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-12334 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
0 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-1750 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-52751 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-92419 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-964297 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1183486 | usd | |
us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
267297 | usd | |
us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
405860 | usd | |
FCUV |
Payment On Sba Loan
PaymentOnSbaLoan
|
227 | usd | |
FCUV |
Payment On Sba Loan
PaymentOnSbaLoan
|
-0 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
-0 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
50000 | usd | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
1500000 | usd | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
0 | usd | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
4663 | usd | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
-0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1762407 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
355860 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
798110 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-827626 | usd | |
CY2020Q4 | us-gaap |
Cash
Cash
|
583325 | usd |
CY2019Q4 | us-gaap |
Cash
Cash
|
2192870 | usd |
CY2021Q2 | us-gaap |
Cash
Cash
|
1381435 | usd |
CY2020Q2 | us-gaap |
Cash
Cash
|
1365244 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
19267 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1831 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1162661 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-964297 | usd | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_845_eus-gaap--ConcentrationRiskCreditRisk_z3YFKuANGYO1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span style="text-decoration: underline"><span id="xdx_868_zMofanZZyI7b">Concentrations of Credit Risk</span></span></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> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_846_eus-gaap--UseOfEstimates_zzesWoZ4f3Ud" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span style="text-decoration: underline"><span id="xdx_86A_zU2X2T7fzEV1">Use of Estimates</span></span></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">The preparation of 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 the disclosure of contingent assets and liabilities as of the date of the accompanying consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources.</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">The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Significant estimates in the accompanying financial statements include the lease term impacting right-of use asset and lease liability, useful lives of property and equipment, allowance for doubtful accounts, inventory reserves, and the valuation allowance on deferred tax assets. The Company regularly evaluates its estimates and assumptions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2021Q2 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2020Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
50268 | usd |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
44519 | usd |
CY2021Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
69233 | usd |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
70562 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
CY2021Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
51849 | usd |
CY2020Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
67549 | usd |
CY2021Q2 | us-gaap |
Inventory Gross
InventoryGross
|
80810 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2021Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
262500 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
192500 | shares | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p id="xdx_848_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zk4wVAZFdHbl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86F_zaEN93Ndh5J2">Reclassification</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain reclassifications have been made to the condensed consolidated financial statements for prior years to the current year’s presentation. Such reclassifications have no effect on net income as previously reported.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2021Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
28961 | usd |
CY2020Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
45509 | usd |
CY2020Q4 | us-gaap |
Inventory Gross
InventoryGross
|
113058 | usd |
CY2021Q2 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
69233 | usd |
CY2020Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
70562 | usd |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
11577 | usd |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
42496 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4837958 | usd |
CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4837958 | usd |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
426320 | usd |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
345448 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4411638 | usd |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4492510 | usd |
us-gaap |
Depreciation
Depreciation
|
80872 | usd | |
us-gaap |
Depreciation
Depreciation
|
81125 | usd | |
CY2021Q2 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
12335 | usd |
CY2021Q2 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.15 | pure |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
32590 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
32590 | usd | |
us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2022-08-31 | ||
CY2021Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
5968 | usd |
CY2021Q2 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
157213 | usd |
CY2020Q4 | us-gaap |
Deferred Costs Leasing Gross
DeferredCostsLeasingGross
|
157213 | usd |
CY2021Q2 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
94208 | usd |
CY2020Q4 | us-gaap |
Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
|
70655 | usd |
CY2021Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
63005 | usd |
CY2020Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
86558 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
69443 | usd |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
94671 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
58491 | usd |
CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
53384 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
10952 | usd |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
41287 | usd |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
32497 | usd |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
43655 | usd |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
76152 | usd |
CY2021Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
6709 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
69443 | usd |
CY2021Q2 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
512430 | usd |
CY2020Q4 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
396860 | usd |
CY2021Q2 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
1495337 | usd |
CY2020Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
0 | usd |
CY2021Q2 | us-gaap |
Loans Payable
LoansPayable
|
2007767 | usd |
CY2020Q4 | us-gaap |
Loans Payable
LoansPayable
|
396860 | usd |
CY2021Q2 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
271085 | usd |
CY2020Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
194125 | usd |
CY2021Q2 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
1736682 | usd |
CY2020Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
202735 | usd |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
22827 | usd | |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
868 | usd | |
CY2021Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40959741 | shares |
CY2021Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40959741 | shares |
us-gaap |
Revenues
Revenues
|
625143 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
500846 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
124297 | usd | |
us-gaap |
Selling Expense
SellingExpense
|
958 | usd | |
us-gaap |
Officers Compensation
OfficersCompensation
|
73100 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
110372 | usd | |
us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
671150 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
651445 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1507025 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1382728 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-22756 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
242823 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
220067 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1162661 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1162661 | usd |