2021 Q4 Form 10-Q Financial Statement
#000152013822000014 Filed on January 14, 2022
Income Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| Revenue | $5.902M | $4.880M |
| YoY Change | 20.94% | 81.23% |
| Cost Of Revenue | $4.935M | $4.260M |
| YoY Change | 15.84% | 88.89% |
| Gross Profit | $967.1K | $620.0K |
| YoY Change | 55.98% | 41.73% |
| Gross Profit Margin | 16.39% | 12.7% |
| Selling, General & Admin | $1.858M | $1.130M |
| YoY Change | 64.45% | 12.98% |
| % of Gross Profit | 192.16% | 182.26% |
| Research & Development | $158.1K | $120.0K |
| YoY Change | 31.72% | |
| % of Gross Profit | 16.34% | 19.35% |
| Depreciation & Amortization | $14.72K | $52.38K |
| YoY Change | -71.9% | 342.03% |
| % of Gross Profit | 1.52% | 8.45% |
| Operating Expenses | $2.031M | $1.300M |
| YoY Change | 56.24% | 29.71% |
| Operating Profit | -$1.064M | -$680.0K |
| YoY Change | 56.47% | 20.4% |
| Interest Expense | -$90.00K | |
| YoY Change | -32242.86% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $26.50K | $70.00K |
| YoY Change | -62.14% | 3.24% |
| Pretax Income | -$1.037M | -$710.0K |
| YoY Change | 46.08% | 42.95% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.037M | -$710.0K |
| YoY Change | 46.0% | 42.95% |
| Net Earnings / Revenue | -17.56% | -14.55% |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$24.52K | -$20.27K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 42.28M shares | |
| Diluted Shares Outstanding | 42.28M shares |
Balance Sheet
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.116M | $990.0K |
| YoY Change | 12.77% | 53.88% |
| Cash & Equivalents | $1.116M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $3.146M | $2.090M |
| YoY Change | 50.51% | -38.38% |
| Inventory | $15.91K | $0.00 |
| Prepaid Expenses | ||
| Receivables | $3.339M | $4.040M |
| Other Receivables | $2.153M | $1.880M |
| Total Short-Term Assets | $9.770M | $9.010M |
| YoY Change | 8.44% | 41.32% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $41.97K | $240.0K |
| YoY Change | -82.51% | 522.89% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $178.1K | $410.0K |
| YoY Change | -56.55% | 964.38% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.770M | $9.010M |
| Total Long-Term Assets | $178.1K | $410.0K |
| Total Assets | $9.949M | $9.420M |
| YoY Change | 5.61% | 46.87% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.675M | $3.090M |
| YoY Change | -45.78% | 19.69% |
| Accrued Expenses | $2.215M | $1.020M |
| YoY Change | 117.19% | -51.54% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $1.070M |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $0.00 | $540.0K |
| YoY Change | -100.0% | |
| Total Short-Term Liabilities | $4.281M | $8.610M |
| YoY Change | -50.28% | 46.13% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $1.110M |
| YoY Change | -100.0% | 1581.82% |
| Other Long-Term Liabilities | $0.00 | $80.00K |
| YoY Change | -100.0% | 381.06% |
| Total Long-Term Liabilities | $1.190M | |
| YoY Change | 1340.15% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.281M | $8.610M |
| Total Long-Term Liabilities | $1.190M | |
| Total Liabilities | $4.292M | $9.810M |
| YoY Change | -56.25% | 64.19% |
| 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 | $5.657M | -$390.0K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.949M | $9.420M |
| YoY Change | 5.61% | 46.87% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.037M | -$710.0K |
| YoY Change | 46.0% | 42.95% |
| Depreciation, Depletion And Amortization | $14.72K | $52.38K |
| YoY Change | -71.9% | 342.03% |
| Cash From Operating Activities | -$1.609M | -$2.912M |
| YoY Change | -44.74% | -2141.32% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.150K | -$204.8K |
| YoY Change | -99.44% | 3962.7% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$1.150K | -$204.8K |
| YoY Change | -99.44% | 3962.7% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.783M | 3.591M |
| YoY Change | -50.35% | -6542.03% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.609M | -2.912M |
| Cash From Investing Activities | -1.150K | -204.8K |
| Cash From Financing Activities | 1.783M | 3.591M |
| Net Change In Cash | 172.7K | 474.5K |
| YoY Change | -63.61% | 479.71% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.609M | -$2.912M |
| Capital Expenditures | -$1.150K | -$204.8K |
| Free Cash Flow | -$1.608M | -$2.707M |
| YoY Change | -40.6% | -1932.99% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Loans Payable Current
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Long Term Loans Payable
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Interest Expense
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Income Tax Expense Benefit
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Interest Paid Net
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Income Taxes Paid Net
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| CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
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Lessee Operating Lease Liability Payments Due After Rolling Year One
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Due To Related Parties Current And Noncurrent
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Due To Related Parties Noncurrent
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Deferred Tax Assets Net
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| CY2021Q1 | us-gaap |
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