2023 Q2 Form 10-Q Financial Statement

#000114036123024144 Filed on May 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $320.5K $294.0K $321.4K
YoY Change 5.74% -8.53% -2.54%
Cost Of Revenue $110.5K $105.1K $122.7K
YoY Change 7.93% -14.31% 31.85%
Gross Profit $210.0K $188.9K $198.7K
YoY Change 4.62% -4.96% -16.05%
Gross Profit Margin 65.53% 64.24% 61.83%
Selling, General & Admin $1.486M $1.560M $1.516M
YoY Change 19.31% 2.89% 65.74%
% of Gross Profit 707.25% 826.01% 762.95%
Research & Development $1.527M $1.537M $1.421M
YoY Change 3.68% 8.19% 42.82%
% of Gross Profit 727.07% 814.05% 715.07%
Depreciation & Amortization $133.3K $131.7K $144.2K
YoY Change -6.57% -8.7% -6.03%
% of Gross Profit 63.47% 69.71% 72.56%
Operating Expenses $3.146M $3.231M $3.081M
YoY Change 9.97% 4.84% 49.35%
Operating Profit -$2.936M -$3.042M -$2.883M
YoY Change 10.38% 5.51% 57.83%
Interest Expense $198.00 $1.672K $2.734K
YoY Change -77.58% -38.84% -28.95%
% of Operating Profit
Other Income/Expense, Net $42.45K $95.42K -$280.00
YoY Change 64.16% -34177.5%
Pretax Income -$2.894M -$2.946M -$2.883M
YoY Change 9.85% 2.19% 57.52%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.894M -$2.946M -$2.883M
YoY Change 9.85% 2.19% 57.52%
Net Earnings / Revenue -902.77% -1002.18% -897.01%
Basic Earnings Per Share -$0.22 -$0.25 -$0.24
Diluted Earnings Per Share -$0.22 -$0.25 -$0.24
COMMON SHARES
Basic Shares Outstanding 13.19M 11.87M 11.80M
Diluted Shares Outstanding 13.11M 11.87M 11.80M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.71M $10.16M $21.77M
YoY Change -44.0% -53.32% 979.45%
Cash & Equivalents $10.71M $10.16M $21.77M
Short-Term Investments
Other Short-Term Assets $587.8K $542.1K $567.3K
YoY Change -31.25% -4.45% 98.44%
Inventory $581.5K $500.7K $223.0K
Prepaid Expenses
Receivables $155.7K $124.0K $170.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $12.03M $11.33M $22.73M
YoY Change -40.82% -50.16% 794.03%
LONG-TERM ASSETS
Property, Plant & Equipment $1.255M $1.378M $2.162M
YoY Change -23.02% -36.27% -18.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $865.6K $920.8K $625.4K
YoY Change 30.54% 47.23% -56.73%
Total Long-Term Assets $2.284M $2.540M $2.805M
YoY Change -18.18% -9.46% -32.31%
TOTAL ASSETS
Total Short-Term Assets $12.03M $11.33M $22.73M
Total Long-Term Assets $2.284M $2.540M $2.805M
Total Assets $14.31M $13.87M $25.53M
YoY Change -38.09% -45.69% 281.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $546.9K $526.8K $548.4K
YoY Change 27.68% -3.94% -59.99%
Accrued Expenses $536.8K $535.4K $565.2K
YoY Change -2.72% -5.27% -56.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $209.1K $305.1K $446.3K
YoY Change -74.26% -31.64% -63.85%
Total Short-Term Liabilities $1.382M $1.413M $1.632M
YoY Change -25.91% -13.45% -58.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $305.1K
YoY Change -100.0% -100.0% -59.4%
Other Long-Term Liabilities $56.25K $98.82K $102.5K
YoY Change -48.46% -3.59% -49.41%
Total Long-Term Liabilities $56.25K $98.82K $407.6K
YoY Change -82.33% -75.75% -57.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.382M $1.413M $1.632M
Total Long-Term Liabilities $56.25K $98.82K $407.6K
Total Liabilities $1.438M $1.511M $2.040M
YoY Change -34.14% -25.9% -58.42%
SHAREHOLDERS EQUITY
Retained Earnings -$99.97M -$97.08M
YoY Change 13.28%
Common Stock $15.19K $11.99K
YoY Change 27.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $60.00K
YoY Change
Treasury Stock Shares $117.2K
Shareholders Equity $12.88M $12.36M $23.49M
YoY Change
Total Liabilities & Shareholders Equity $14.31M $13.87M $25.53M
YoY Change -38.09% -45.69% 281.88%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.894M -$2.946M -$2.883M
YoY Change 9.85% 2.19% 57.52%
Depreciation, Depletion And Amortization $133.3K $131.7K $144.2K
YoY Change -6.57% -8.7% -6.03%
Cash From Operating Activities -$2.741M -$2.648M -$2.754M
YoY Change 15.18% -3.86% 137.28%
INVESTING ACTIVITIES
Capital Expenditures $62.95K $8.901K -$120.4K
YoY Change -136.04% -107.39%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$62.95K -$8.901K -$120.4K
YoY Change -63.96% -92.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.348M -144.1K -141.0K
YoY Change -3563.85% 2.16% -2.75%
NET CHANGE
Cash From Operating Activities -2.741M -2.648M -2.754M
Cash From Investing Activities -62.95K -8.901K -120.4K
Cash From Financing Activities 3.348M -144.1K -141.0K
Net Change In Cash 543.7K -2.801M -3.015M
YoY Change -120.51% -7.12% 130.95%
FREE CASH FLOW
Cash From Operating Activities -$2.741M -$2.648M -$2.754M
Capital Expenditures $62.95K $8.901K -$120.4K
Free Cash Flow -$2.804M -$2.657M -$2.634M
YoY Change 27.16% 0.87%

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