2023 Q2 Form 10-Q Financial Statement
#000114036123024144 Filed on May 11, 2023
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% |
Facts In Submission
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---|---|---|---|---|
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Proceeds From Issuance Of Common Stock
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NetIncomeLossAvailableToCommonStockholdersDiluted
|
-2883030 | |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2883030 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11872255 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11804165 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.25 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.24 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1036495 | |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1055997 | |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
233460 | |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
244572 | |
CY2023Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1269955 | |
CY2022Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1300569 |