2022 Form 10-K Financial Statement
#000152013822000237 Filed on May 31, 2022
Income Statement
| Concept | 2022 | 2021 |
|---|---|---|
| Revenue | $22.93M | $16.68M |
| YoY Change | 37.43% | 82.71% |
| Cost Of Revenue | $20.11M | $15.04M |
| YoY Change | 33.76% | 84.15% |
| Gross Profit | $2.814M | $1.647M |
| YoY Change | 70.9% | 70.51% |
| Gross Profit Margin | 12.27% | 9.87% |
| Selling, General & Admin | $6.700M | $5.251M |
| YoY Change | 27.59% | 44.48% |
| % of Gross Profit | 238.09% | 318.91% |
| Research & Development | $923.4K | $552.3K |
| YoY Change | 67.18% | 41.52% |
| % of Gross Profit | 32.81% | 33.54% |
| Depreciation & Amortization | $57.89K | $27.06K |
| YoY Change | 113.93% | 291.04% |
| % of Gross Profit | 2.06% | 1.64% |
| Operating Expenses | $7.681M | $5.831M |
| YoY Change | 31.74% | 44.62% |
| Operating Profit | -$4.867M | -$4.184M |
| YoY Change | 16.33% | 36.47% |
| Interest Expense | -$151.0K | -$268.5K |
| YoY Change | -43.75% | 1013.94% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $77.70K | $107.3K |
| YoY Change | -27.57% | 8.58% |
| Pretax Income | -$4.941M | -$4.378M |
| YoY Change | 12.85% | 45.93% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$4.943M | -$4.382M |
| YoY Change | 12.81% | 45.85% |
| Net Earnings / Revenue | -21.56% | -26.27% |
| Basic Earnings Per Share | -$0.12 | |
| Diluted Earnings Per Share | -$121.0K | -$130.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 40.84M shares | |
| Diluted Shares Outstanding | 40.84M shares |
Balance Sheet
| Concept | 2022 | 2021 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $461.9K | $850.7K |
| YoY Change | -45.7% | 726.58% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $3.331M | $646.4K |
| YoY Change | 415.39% | -73.97% |
| Inventory | $1.410K | $1.400K |
| Prepaid Expenses | ||
| Receivables | $4.875M | $4.099M |
| Other Receivables | $1.539M | $1.507M |
| Total Short-Term Assets | $10.21M | $7.105M |
| YoY Change | 43.7% | 21.47% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $31.88K | $75.77K |
| YoY Change | -57.93% | 170.51% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $157.8K | $237.0K |
| YoY Change | -33.41% | 746.02% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $10.21M | $7.105M |
| Total Long-Term Assets | $157.8K | $237.0K |
| Total Assets | $10.37M | $7.342M |
| YoY Change | 41.21% | 24.92% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.588M | $2.474M |
| YoY Change | 45.06% | -8.51% |
| Accrued Expenses | $1.690M | $1.094M |
| YoY Change | 54.55% | 4.13% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $0.00 | $544.9K |
| YoY Change | -100.0% | |
| Total Short-Term Liabilities | $5.279M | $4.112M |
| YoY Change | 28.36% | -32.64% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $1.109M |
| YoY Change | -100.0% | 1580.77% |
| Other Long-Term Liabilities | $0.00 | $4.940K |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $0.00 | $1.114M |
| YoY Change | -100.0% | 1588.26% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.279M | $4.112M |
| Total Long-Term Liabilities | $0.00 | $1.114M |
| Total Liabilities | $5.290M | $5.235M |
| YoY Change | 1.05% | -15.23% |
| 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 | $5.077M | $2.107M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $10.37M | $7.342M |
| YoY Change | 41.21% | 24.92% |
Cashflow Statement
| Concept | 2022 | 2021 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.943M | -$4.382M |
| YoY Change | 12.81% | 45.85% |
| Depreciation, Depletion And Amortization | $57.89K | $27.06K |
| YoY Change | 113.93% | 291.04% |
| Cash From Operating Activities | -$5.848M | -$4.272M |
| YoY Change | 36.9% | 38.31% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$26.07K | -$238.5K |
| YoY Change | -89.07% | 1262.02% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$26.07K | -$238.5K |
| YoY Change | -89.07% | 1283.35% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 5.414M | 5.175M |
| YoY Change | 4.63% | 182.66% |
| NET CHANGE | ||
| Cash From Operating Activities | -5.848M | -4.272M |
| Cash From Investing Activities | -26.07K | -238.5K |
| Cash From Financing Activities | 5.414M | 5.175M |
| Net Change In Cash | -459.7K | 664.5K |
| YoY Change | -169.19% | -152.12% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.848M | -$4.272M |
| Capital Expenditures | -$26.07K | -$238.5K |
| Free Cash Flow | -$5.822M | -$4.033M |
| YoY Change | 44.35% | 31.33% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Loans Payable Current
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|
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| CY2022Q1 | us-gaap |
Long Term Loans Payable
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Preferred Stock Value
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| CY2021Q1 | fngr |
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Impairment Of Intangible Assets Finitelived
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Repayments Of Related Party Debt
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Execution Of Convertible Notes
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