2022 Q4 Form 10-Q Financial Statement
#000114036122040812 Filed on November 10, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $234.2K | $347.5K | $269.6K |
YoY Change | -7.9% | 28.89% | |
Cost Of Revenue | $85.46K | $131.5K | $105.4K |
YoY Change | 32.89% | 24.72% | |
Gross Profit | $148.8K | $216.0K | $164.2K |
YoY Change | -21.7% | 31.57% | |
Gross Profit Margin | 63.52% | 62.17% | 60.9% |
Selling, General & Admin | $1.743M | $1.485M | $1.131M |
YoY Change | 28.9% | 31.38% | |
% of Gross Profit | 1171.39% | 687.69% | 688.66% |
Research & Development | $1.272M | $1.648M | $1.141M |
YoY Change | 20.66% | 44.5% | |
% of Gross Profit | 854.69% | 763.02% | 694.71% |
Depreciation & Amortization | $134.7K | $139.6K | $144.4K |
YoY Change | -5.01% | -3.32% | |
% of Gross Profit | 90.57% | 64.63% | 87.95% |
Operating Expenses | $3.149M | $3.273M | $2.416M |
YoY Change | 23.61% | 35.5% | |
Operating Profit | -$3.000M | -$3.057M | -$2.251M |
YoY Change | 27.26% | 35.79% | |
Interest Expense | $114.8K | $6.005K | -$5.410K |
YoY Change | -4098.26% | -211.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$2.280K | $74.35K | -$2.850K |
YoY Change | 812.0% | -2708.63% | |
Pretax Income | -$2.888M | -$2.983M | -$2.260M |
YoY Change | 22.32% | 32.0% | |
Income Tax | $6.300K | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$2.894M | -$2.983M | -$2.260M |
YoY Change | 22.38% | 32.0% | |
Net Earnings / Revenue | -1235.57% | -858.48% | -838.23% |
Basic Earnings Per Share | -$0.25 | -$0.19 | |
Diluted Earnings Per Share | -$0.24 | -$0.25 | -$0.19 |
COMMON SHARES | |||
Basic Shares Outstanding | 11.81M | 11.81M | 11.80M |
Diluted Shares Outstanding | 11.81M | 11.80M |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $12.96M | $16.01M | $27.28M |
YoY Change | -47.7% | -41.33% | |
Cash & Equivalents | $12.96M | $16.01M | $27.28M |
Short-Term Investments | |||
Other Short-Term Assets | $655.4K | $760.6K | $759.5K |
YoY Change | 17.9% | 0.15% | |
Inventory | $436.7K | $343.1K | $150.3K |
Prepaid Expenses | |||
Receivables | $77.47K | $183.1K | $143.5K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $14.13M | $17.29M | $28.33M |
YoY Change | -44.87% | -38.97% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.483M | $1.542M | $2.369M |
YoY Change | -7.25% | -34.9% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $958.2K | $789.6K | $428.9K |
YoY Change | 46.19% | 84.09% | |
Total Long-Term Assets | $2.764M | $2.740M | $2.831M |
YoY Change | -6.15% | -3.23% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $14.13M | $17.29M | $28.33M |
Total Long-Term Assets | $2.764M | $2.740M | $2.831M |
Total Assets | $16.90M | $20.03M | $31.16M |
YoY Change | -40.88% | -35.72% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $510.8K | $419.1K | $436.9K |
YoY Change | 14.64% | -4.07% | |
Accrued Expenses | $456.7K | $649.6K | $597.9K |
YoY Change | -24.36% | 8.66% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $515.1K | $666.7K | $733.8K |
YoY Change | -12.36% | -9.14% | |
Total Short-Term Liabilities | $1.528M | $1.808M | $1.820M |
YoY Change | -9.71% | -0.7% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $28.58K | $115.8K | $501.9K |
YoY Change | -92.9% | -76.93% | |
Other Long-Term Liabilities | $96.66K | $101.8K | $188.9K |
YoY Change | -46.1% | ||
Total Long-Term Liabilities | $125.2K | $217.6K | $690.8K |
YoY Change | -77.32% | -68.5% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.528M | $1.808M | $1.820M |
Total Long-Term Liabilities | $125.2K | $217.6K | $690.8K |
Total Liabilities | $1.653M | $2.025M | $2.511M |
YoY Change | -26.34% | -19.35% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$94.13M | -$91.24M | |
YoY Change | 13.77% | ||
Common Stock | $11.99K | $11.93K | |
YoY Change | 0.55% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $60.00K | $60.00K | |
YoY Change | 0.0% | ||
Treasury Stock Shares | $117.2K | $117.2K | |
Shareholders Equity | $15.24M | $18.01M | $28.65M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $16.90M | $20.03M | $31.16M |
YoY Change | -40.88% | -35.72% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.894M | -$2.983M | -$2.260M |
YoY Change | 22.38% | 32.0% | |
Depreciation, Depletion And Amortization | $134.7K | $139.6K | $144.4K |
YoY Change | -5.01% | -3.32% | |
Cash From Operating Activities | -$2.868M | -$2.730M | -$1.801M |
YoY Change | 27.58% | 51.55% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $93.88K | -$18.54K | -$175.7K |
YoY Change | -179.14% | -89.45% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$93.88K | -$18.54K | -$175.7K |
YoY Change | -20.86% | -89.45% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -81.95K | -362.0K | -601.3K |
YoY Change | -37.32% | -39.79% | |
NET CHANGE | |||
Cash From Operating Activities | -2.868M | -2.730M | -1.801M |
Cash From Investing Activities | -93.88K | -18.54K | -175.7K |
Cash From Financing Activities | -81.95K | -362.0K | -601.3K |
Net Change In Cash | -3.044M | -3.111M | -2.579M |
YoY Change | 21.88% | 20.64% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.868M | -$2.730M | -$1.801M |
Capital Expenditures | $93.88K | -$18.54K | -$175.7K |
Free Cash Flow | -$2.962M | -$2.712M | -$1.626M |
YoY Change | 39.1% | 66.79% |
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|
940735 | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1305033 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
940735 |