2022 Q1 Form 10-Q Financial Statement
#000114036122018657 Filed on May 11, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $321.4K | $329.8K |
| YoY Change | -2.54% | 26.59% |
| Cost Of Revenue | $122.7K | $93.04K |
| YoY Change | 31.85% | 27.12% |
| Gross Profit | $198.7K | $236.7K |
| YoY Change | -16.05% | 26.38% |
| Gross Profit Margin | 61.83% | 71.79% |
| Selling, General & Admin | $1.516M | $914.8K |
| YoY Change | 65.74% | 3.09% |
| % of Gross Profit | 762.95% | 386.43% |
| Research & Development | $1.421M | $995.0K |
| YoY Change | 42.82% | -26.33% |
| % of Gross Profit | 715.07% | 420.31% |
| Depreciation & Amortization | $144.2K | $153.5K |
| YoY Change | -6.03% | -9.42% |
| % of Gross Profit | 72.56% | 64.82% |
| Operating Expenses | $3.081M | $2.063M |
| YoY Change | 49.35% | -14.3% |
| Operating Profit | -$2.883M | -$1.827M |
| YoY Change | 57.83% | -17.73% |
| Interest Expense | $2.734K | $3.848K |
| YoY Change | -28.95% | -79.13% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$280.00 | $0.00 |
| YoY Change | ||
| Pretax Income | -$2.883M | -$1.830M |
| YoY Change | 57.52% | -16.87% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$2.883M | -$1.830M |
| YoY Change | 57.52% | -16.87% |
| Net Earnings / Revenue | -897.01% | -554.99% |
| Basic Earnings Per Share | -$0.24 | -$1.84 |
| Diluted Earnings Per Share | -$0.24 | -$1.84 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 11.80M | 995.2K |
| Diluted Shares Outstanding | 11.80M | 995.2K |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $21.77M | $2.017M |
| YoY Change | 979.45% | |
| Cash & Equivalents | $21.77M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $567.3K | $285.9K |
| YoY Change | 98.44% | |
| Inventory | $223.0K | $144.1K |
| Prepaid Expenses | ||
| Receivables | $170.3K | $95.75K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $22.73M | $2.542M |
| YoY Change | 794.03% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.162M | $2.646M |
| YoY Change | -18.28% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $625.4K | $1.445M |
| YoY Change | -56.73% | |
| Total Long-Term Assets | $2.805M | $4.144M |
| YoY Change | -32.31% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $22.73M | $2.542M |
| Total Long-Term Assets | $2.805M | $4.144M |
| Total Assets | $25.53M | $6.686M |
| YoY Change | 281.88% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $548.4K | $1.370M |
| YoY Change | -59.99% | |
| Accrued Expenses | $565.2K | $1.314M |
| YoY Change | -56.99% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $446.3K | $1.234M |
| YoY Change | -63.85% | |
| Total Short-Term Liabilities | $1.632M | $3.952M |
| YoY Change | -58.7% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $305.1K | $751.4K |
| YoY Change | -59.4% | |
| Other Long-Term Liabilities | $102.5K | $202.6K |
| YoY Change | -49.41% | |
| Total Long-Term Liabilities | $407.6K | $954.0K |
| YoY Change | -57.28% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.632M | $3.952M |
| Total Long-Term Liabilities | $407.6K | $954.0K |
| Total Liabilities | $2.040M | $4.906M |
| YoY Change | -58.42% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $23.49M | -$53.56M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $25.53M | $6.686M |
| YoY Change | 281.88% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.883M | -$1.830M |
| YoY Change | 57.52% | -16.87% |
| Depreciation, Depletion And Amortization | $144.2K | $153.5K |
| YoY Change | -6.03% | -9.42% |
| Cash From Operating Activities | -$2.754M | -$1.161M |
| YoY Change | 137.28% | -35.63% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$120.4K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$120.4K | |
| 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 | -141.0K | -145.0K |
| YoY Change | -2.75% | -399.69% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.754M | -1.161M |
| Cash From Investing Activities | -120.4K | |
| Cash From Financing Activities | -141.0K | -145.0K |
| Net Change In Cash | -3.015M | -1.306M |
| YoY Change | 130.95% | 69.41% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.754M | -$1.161M |
| Capital Expenditures | -$120.4K | |
| Free Cash Flow | -$2.634M | |
| YoY Change |
Facts In Submission
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