2020 Form 10-K Financial Statement
#000149315221008654 Filed on April 13, 2021
Income Statement
| Concept | 2020 | 2019 |
|---|---|---|
| Revenue | $0.00 | $208.8K |
| YoY Change | -100.0% | -100.0% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.585M | $2.090M |
| YoY Change | -24.16% | -40.64% |
| % of Gross Profit | ||
| Research & Development | $1.500M | $1.574M |
| YoY Change | -4.69% | -47.58% |
| % of Gross Profit | ||
| Depreciation & Amortization | $47.00K | $50.59K |
| YoY Change | -7.1% | -13.95% |
| % of Gross Profit | ||
| Operating Expenses | $3.132M | $3.714M |
| YoY Change | -15.68% | -43.57% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $98.00K | -$10.52K |
| YoY Change | -1031.56% | -94.05% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $338.0K | |
| YoY Change | ||
| Pretax Income | -$2.696M | -$3.516M |
| YoY Change | -23.33% | -47.64% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.696M | -$3.516M |
| YoY Change | -23.33% | -47.64% |
| Net Earnings / Revenue | -1684.3% | |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$178.8K | -$295.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding | 196.0M shares | 154.9M shares |
Balance Sheet
| Concept | 2020 | 2019 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $9.823M | $418.6K |
| YoY Change | 2246.52% | 331.21% |
| Cash & Equivalents | $9.823M | $418.6K |
| Short-Term Investments | ||
| Other Short-Term Assets | $56.00K | $44.66K |
| YoY Change | 25.39% | 91.76% |
| Inventory | $284.0K | $184.6K |
| Prepaid Expenses | ||
| Receivables | $66.00K | $70.16K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $10.23M | $718.0K |
| YoY Change | 1324.57% | 128.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $315.0K | $321.0K |
| YoY Change | -1.88% | 114.33% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $62.00K | $57.09K |
| YoY Change | 8.6% | -74.54% |
| Total Long-Term Assets | $377.0K | $378.1K |
| YoY Change | -0.3% | 1.09% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $10.23M | $718.0K |
| Total Long-Term Assets | $377.0K | $378.1K |
| Total Assets | $10.61M | $1.096M |
| YoY Change | 867.56% | 59.28% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $869.0K | $1.534M |
| YoY Change | -43.35% | -25.68% |
| Accrued Expenses | $84.00K | $142.1K |
| YoY Change | -40.88% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.345M | $2.272M |
| YoY Change | -40.81% | -29.47% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $197.0K | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $82.00K | $235.5K |
| YoY Change | -65.18% | -30.71% |
| Total Long-Term Liabilities | $279.0K | $235.5K |
| YoY Change | 18.47% | -30.71% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.345M | $2.272M |
| Total Long-Term Liabilities | $279.0K | $235.5K |
| Total Liabilities | $1.624M | $2.508M |
| YoY Change | -35.24% | -29.59% |
| 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 | $8.982M | -$1.412M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $10.61M | $1.096M |
| YoY Change | 867.56% | 59.28% |
Cashflow Statement
| Concept | 2020 | 2019 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.696M | -$3.516M |
| YoY Change | -23.33% | -47.64% |
| Depreciation, Depletion And Amortization | $47.00K | $50.59K |
| YoY Change | -7.1% | -13.95% |
| Cash From Operating Activities | -$3.501M | -$3.899M |
| YoY Change | -10.21% | -20.3% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$53.00K | -$23.43K |
| YoY Change | 126.21% | 336.31% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$53.00K | -$23.43K |
| YoY Change | 126.21% | 336.31% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 13.01M | 4.199M |
| YoY Change | 209.84% | -15.38% |
| NET CHANGE | ||
| Cash From Operating Activities | -3.501M | -3.899M |
| Cash From Investing Activities | -53.00K | -23.43K |
| Cash From Financing Activities | 13.01M | 4.199M |
| Net Change In Cash | 9.455M | 276.1K |
| YoY Change | 3325.1% | 329.92% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$3.501M | -$3.899M |
| Capital Expenditures | -$53.00K | -$23.43K |
| Free Cash Flow | -$3.448M | -$3.876M |
| YoY Change | -11.03% | -20.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
200781596 | shares |
| CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.5632 | pure |
| CY2019Q4 | us-gaap |
Share Price
SharePrice
|
0.258 | |
| CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
154929064 | shares |
| CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
196029360 | shares |
| CY2019 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
79562675 | shares |
| CY2020 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
83809954 | shares |
