2022 Q1 Form 10-Q Financial Statement

#000147793223001410 Filed on March 10, 2023

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1 2019 Q3
Revenue $0.00
YoY Change
Cost Of Revenue $0.00 $7.200K
YoY Change -100.0%
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $3.266K $359.00
YoY Change 809.75%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $65.01K $359.00
YoY Change 18009.47%
Operating Profit -$65.01K -$359.00
YoY Change 18009.47%
Interest Expense $6.005K $2.273K
YoY Change 164.19%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$311.7M -$2.632K
YoY Change 11844267.29%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 328.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $489.00 $1.819K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $489.00
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $489.00
Total Long-Term Assets $0.00
Total Assets $489.00
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.93K
YoY Change
Accrued Expenses $245.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $337.8K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $337.8K
Total Long-Term Liabilities
Total Liabilities $432.6K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$321.5M
YoY Change
Common Stock $32.87K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$432.1K -$121.2K
YoY Change
Total Liabilities & Shareholders Equity $489.00
YoY Change

Cashflow Statement

Concept 2022 Q1 2021 Q1 2019 Q3
OPERATING ACTIVITIES
Net Income -$311.7M -$2.632K
YoY Change 11844267.29%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$311.7M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 $311.7M
YoY Change
NET CHANGE
Cash From Operating Activities -$311.7M
Cash From Investing Activities
Cash From Financing Activities $311.7M
Net Change In Cash -$1.643K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$311.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. </p>
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Files In Submission

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