2022 Q1 Form 10-Q Financial Statement
#000121390022027129 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | $40.00K | |
| YoY Change | ||
| Gross Profit | -$40.00K | |
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.399M | $210.0K |
| YoY Change | 1042.59% | |
| % of Gross Profit | ||
| Research & Development | $601.0K | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $31.00K | |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $2.399M | $210.0K |
| YoY Change | 1042.59% | |
| Operating Profit | -$4.563M | |
| YoY Change | ||
| Interest Expense | $2.022M | $5.210M |
| YoY Change | -61.18% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$50.00K | |
| YoY Change | ||
| Pretax Income | -$377.0K | $5.000M |
| YoY Change | -107.54% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$377.0K | $5.000M |
| YoY Change | -107.54% | |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$14.62K | $883.4K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $193.3K | $1.300M |
| YoY Change | -85.13% | |
| Cash & Equivalents | $21.59M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $156.8K | $400.0K |
| YoY Change | -60.8% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $350.2K | $1.700M |
| YoY Change | -79.4% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $201.3M | $201.3M |
| YoY Change | 0.01% | |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $201.3M | $201.3M |
| YoY Change | 0.01% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $350.2K | $1.700M |
| Total Long-Term Assets | $201.3M | $201.3M |
| Total Assets | $201.7M | $203.0M |
| YoY Change | -0.65% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.987M | $100.0K |
| YoY Change | 1886.58% | |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $200.0K | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.192M | $100.0K |
| YoY Change | 2091.58% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $10.16M | $12.90M |
| YoY Change | -21.25% | |
| Total Long-Term Liabilities | $10.16M | $12.90M |
| YoY Change | -21.25% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.192M | $100.0K |
| Total Long-Term Liabilities | $10.16M | $12.90M |
| Total Liabilities | $12.35M | $12.90M |
| YoY Change | -4.26% | |
| 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 | $189.3M | $190.1M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $201.7M | $203.0M |
| YoY Change | -0.65% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
USD | |
| CY2021Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
USD | |
| CY2022Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2022Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001812360 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
3481523382 | USD |
| CY2022Q1 | us-gaap |
Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD |
