2023 Q2 Form 10-Q Financial Statement
#000147793223003597 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $579.5K | $511.4K | $534.0K |
YoY Change | 17.62% | -0.88% | -4.57% |
Cost Of Revenue | $88.57K | $104.8K | $92.40K |
YoY Change | 5.22% | 16.12% | 25.14% |
Gross Profit | $491.0K | $406.6K | $441.6K |
YoY Change | 20.17% | -4.49% | -9.09% |
Gross Profit Margin | 84.72% | 79.51% | 82.7% |
Selling, General & Admin | $454.1K | $442.9K | $384.5K |
YoY Change | 5.91% | 1.51% | -4.72% |
% of Gross Profit | 92.5% | 108.92% | 87.08% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $21.17K | $2.330K | $3.220K |
YoY Change | -19.84% | -90.89% | -87.46% |
% of Gross Profit | 4.31% | 0.57% | 0.73% |
Operating Expenses | $454.1K | $442.9K | $384.5K |
YoY Change | 5.91% | 1.51% | -4.72% |
Operating Profit | $36.85K | -$36.29K | $57.07K |
YoY Change | -282.11% | 242.34% | -30.53% |
Interest Expense | $11.64K | $11.56K | -$11.78K |
YoY Change | -0.59% | -4.08% | -4.15% |
% of Operating Profit | 31.6% | -20.64% | |
Other Income/Expense, Net | -$11.64K | -$11.56K | |
YoY Change | -107.07% | -48.97% | |
Pretax Income | $25.20K | -$47.84K | $45.29K |
YoY Change | -82.56% | 111.21% | -35.16% |
Income Tax | $1.560K | ||
% Of Pretax Income | 3.44% | ||
Net Earnings | $25.20K | -$47.84K | $43.73K |
YoY Change | -82.56% | 111.25% | -36.07% |
Net Earnings / Revenue | 4.35% | -9.36% | 8.19% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 75.06M shares | 75.06M shares | 75.06M shares |
Diluted Shares Outstanding | 306.1M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $600.5K | $664.7K | $741.2K |
YoY Change | -16.97% | -10.64% | -1.55% |
Cash & Equivalents | $600.5K | $664.7K | $741.2K |
Short-Term Investments | |||
Other Short-Term Assets | $11.99K | $7.860K | $13.46K |
YoY Change | -14.36% | -52.16% | 7.85% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $25.61K | $17.06K | $16.88K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $638.1K | $689.7K | $771.5K |
YoY Change | -15.04% | -11.04% | -0.9% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $15.54K | $17.87K | $20.20K |
YoY Change | -40.1% | -39.37% | -37.22% |
Goodwill | |||
YoY Change | |||
Intangibles | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $850.00 | $853.00 | $371.5K |
YoY Change | -99.68% | -99.65% | 78.66% |
Total Long-Term Assets | $517.6K | $450.3K | $391.7K |
YoY Change | 64.67% | 43.12% | 27.66% |
TOTAL ASSETS | |||
Total Short-Term Assets | $638.1K | $689.7K | $771.5K |
Total Long-Term Assets | $517.6K | $450.3K | $391.7K |
Total Assets | $1.156M | $1.140M | $1.163M |
YoY Change | 8.48% | 4.6% | 7.18% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $162.4K | $175.6K | $164.5K |
YoY Change | 2.48% | 11.22% | 17.27% |
Accrued Expenses | $500.7K | $502.1K | $494.0K |
YoY Change | 1.69% | 2.13% | 1.03% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $389.6K | $389.6K | $390.1K |
YoY Change | 1.23% | -9.96% | -10.36% |
Total Short-Term Liabilities | $1.060M | $1.075M | $1.056M |
YoY Change | 1.63% | -1.37% | -1.47% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $158.7K | $161.2K | $163.3K |
YoY Change | -8.56% | -46.72% | -46.05% |
Other Long-Term Liabilities | $5.726K | $7.480K | $8.917K |
YoY Change | -51.3% | -48.62% | -38.74% |
Total Long-Term Liabilities | $5.726K | $7.480K | $8.917K |
YoY Change | -51.3% | -48.62% | -38.74% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.060M | $1.075M | $1.056M |
Total Long-Term Liabilities | $5.726K | $7.480K | $8.917K |
Total Liabilities | $1.225M | $1.244M | $1.228M |
YoY Change | -0.32% | -11.61% | -11.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$9.396M | -$9.421M | -$9.374M |
YoY Change | -0.59% | -1.83% | -2.1% |
Common Stock | $751.00 | $751.00 | $751.00 |
YoY Change | 0.0% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$68.93K | -$103.6K | -$65.12K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.156M | $1.140M | $1.163M |
YoY Change | 8.48% | 4.6% | 7.18% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $25.20K | -$47.84K | $43.73K |
YoY Change | -82.56% | 111.25% | -36.07% |
Depreciation, Depletion And Amortization | $21.17K | $2.330K | $3.220K |
YoY Change | -19.84% | -90.89% | -87.46% |
Cash From Operating Activities | $7.880K | -$12.89K | $54.95K |
YoY Change | -30.14% | -147.82% | -49.57% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $69.61K | $60.99K | $54.85K |
YoY Change | -335.65% | -282.55% | -181.68% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$69.61K | -$60.99K | -$54.85K |
YoY Change | 135.65% | 82.55% | -18.32% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -2.560K | -$2.542K | -2.520K |
YoY Change | 2.81% | 2.91% | 2.86% |
NET CHANGE | |||
Cash From Operating Activities | 7.880K | -$12.89K | 54.95K |
Cash From Investing Activities | -69.61K | -$60.99K | -54.85K |
Cash From Financing Activities | -2.560K | -$2.542K | -2.520K |
Net Change In Cash | -64.29K | -$76.42K | -2.420K |
YoY Change | 209.83% | 757.0% | -106.15% |
FREE CASH FLOW | |||
Cash From Operating Activities | $7.880K | -$12.89K | $54.95K |
Capital Expenditures | $69.61K | $60.99K | $54.85K |
Free Cash Flow | -$61.73K | -$73.88K | $100.00 |
YoY Change | -251.22% | -222.38% | -99.94% |
Facts In Submission
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2470 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2542 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2470 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-76419 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-8917 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
741163 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
752826 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
664744 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
743909 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1500 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1500 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
162 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
234 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P5Y | |
CY2023Q1 | us-gaap |
Development Costs
DevelopmentCosts
|
431624 | usd |
CY2022Q1 | us-gaap |
Development Costs
DevelopmentCosts
|
370639 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12892 | usd |
CY2023Q1 | us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
9367 | usd |
CY2022Q1 | us-gaap |
Interest Income Related Party
InterestIncomeRelatedParty
|
9366 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 |