2022 Q1 Form 10-Q Financial Statement
#000156459022019837 Filed on May 12, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
Revenue | $4.554M | $4.441M |
YoY Change | 2.56% | -4.22% |
Cost Of Revenue | $1.625M | $1.854M |
YoY Change | -12.34% | -6.51% |
Gross Profit | $2.929M | $2.587M |
YoY Change | 13.23% | -2.51% |
Gross Profit Margin | 64.32% | 58.25% |
Selling, General & Admin | $3.215M | $3.000M |
YoY Change | 7.17% | 20.93% |
% of Gross Profit | 109.77% | 115.97% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $55.12K | $16.79K |
YoY Change | 228.22% | -43.99% |
% of Gross Profit | 1.88% | 0.65% |
Operating Expenses | $3.250M | $3.017M |
YoY Change | 7.72% | 21.61% |
Operating Profit | -$320.5K | -$430.0K |
YoY Change | -25.47% | -348.77% |
Interest Expense | -$32.96K | -$19.00K |
YoY Change | 73.47% | -161.29% |
% of Operating Profit | ||
Other Income/Expense, Net | -$32.96K | -$19.00K |
YoY Change | 73.46% | -38.71% |
Pretax Income | -$353.4K | -$449.0K |
YoY Change | -21.28% | -64.9% |
Income Tax | $4.856K | $4.360K |
% Of Pretax Income | ||
Net Earnings | -$358.3K | -$453.3K |
YoY Change | -20.97% | -64.69% |
Net Earnings / Revenue | -7.87% | -10.21% |
Basic Earnings Per Share | -$0.01 | |
Diluted Earnings Per Share | -$5.095K | -$6.456K |
COMMON SHARES | ||
Basic Shares Outstanding | 70.32M | |
Diluted Shares Outstanding | 70.32M |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $522.5K | $1.418M |
YoY Change | -63.15% | 88.22% |
Cash & Equivalents | $522.5K | $1.418M |
Short-Term Investments | ||
Other Short-Term Assets | $95.93K | $94.54K |
YoY Change | 1.47% | -19.45% |
Inventory | $9.264M | $7.595M |
Prepaid Expenses | ||
Receivables | $2.164M | $3.488M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $12.05M | $12.60M |
YoY Change | -4.35% | -3.76% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $123.7K | $13.63K |
YoY Change | 807.41% | -68.86% |
Goodwill | $1.973M | |
YoY Change | ||
Intangibles | $1.289M | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $5.727M | $4.862M |
YoY Change | 17.79% | 51.81% |
TOTAL ASSETS | ||
Total Short-Term Assets | $12.05M | $12.60M |
Total Long-Term Assets | $5.727M | $4.862M |
Total Assets | $17.77M | $17.46M |
YoY Change | 1.81% | 7.17% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.570M | $3.325M |
YoY Change | 37.45% | 29.3% |
Accrued Expenses | $3.125M | $2.697M |
YoY Change | 15.87% | -2.39% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $2.062M | $1.600M |
YoY Change | 28.92% | -3.24% |
Long-Term Debt Due | $3.000K | |
YoY Change | ||
Total Short-Term Liabilities | $9.758M | $7.625M |
YoY Change | 27.97% | 9.11% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $200.0K | $347.0K |
YoY Change | -42.36% | |
Other Long-Term Liabilities | $11.59M | $11.94M |
YoY Change | -2.87% | 2.5% |
Total Long-Term Liabilities | $11.79M | $12.28M |
YoY Change | -3.98% | 5.48% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $9.758M | $7.625M |
Total Long-Term Liabilities | $11.79M | $12.28M |
Total Liabilities | $21.55M | $19.91M |
YoY Change | 8.26% | 6.84% |
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 | -$3.777M | -$2.450M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $17.77M | $17.46M |
YoY Change | 1.81% | 7.17% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$358.3K | -$453.3K |
YoY Change | -20.97% | -64.69% |
Depreciation, Depletion And Amortization | $55.12K | $16.79K |
YoY Change | 228.22% | -43.99% |
Cash From Operating Activities | $633.0K | $55.34K |
YoY Change | 1043.78% | -172.72% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$138.8K | $0.00 |
YoY Change | -100.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$138.8K | $0.00 |
YoY Change | -100.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -524.8K | 175.0K |
YoY Change | -399.91% | -170.23% |
NET CHANGE | ||
Cash From Operating Activities | 633.0K | 55.34K |
Cash From Investing Activities | -138.8K | 0.000 |
Cash From Financing Activities | -524.8K | 175.0K |
Net Change In Cash | -30.71K | 230.3K |
YoY Change | -113.33% | -166.56% |
FREE CASH FLOW | ||
Cash From Operating Activities | $633.0K | $55.34K |
Capital Expenditures | -$138.8K | $0.00 |
Free Cash Flow | $771.8K | $55.34K |
YoY Change | 1294.67% | -157.13% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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CY2022Q1 | us-gaap |
Notes Payable Related Parties Noncurrent
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Depreciation Depletion And Amortization Excluding Cost Of Revenue
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|
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CY2021Q1 | us-gaap |
Operating Expenses
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|
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Operating Income Loss
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Earnings Per Share Basic And Diluted
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-0.01 | |
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Earnings Per Share Basic And Diluted
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Profit Loss
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Depreciation Depletion And Amortization
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Revenue From Contract With Customer Excluding Assessed Tax
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Number Of Reportable Segments
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Common Stock Par Or Stated Value Per Share
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|
0.01 | |
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Cash Equivalents At Carrying Value
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Cash Fdic Insured Amount
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Cash Uninsured Amount
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Cash Uninsured Amount
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Intangible Assets Net Excluding Goodwill
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Goodwill
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Depreciation
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Gain Loss On Disposition Of Assets
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|
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Deferred Tax Assets Valuation Allowance
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-0.212 | |
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Effective Income Tax Rate Continuing Operations
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-0.014 | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
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Effective Income Tax Rate Continuing Operations
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CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
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