2021 Q4 Form 10-K Financial Statement
#000121390022016836 Filed on March 31, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $15.49M | $25.03M | $11.85M |
| YoY Change | 434.07% | 111.22% | -39.48% |
| Cost Of Revenue | $16.58M | $16.78M | $10.75M |
| YoY Change | 657.11% | 56.09% | -43.48% |
| Gross Profit | -$1.093M | $8.250M | $1.100M |
| YoY Change | -253.89% | 650.0% | 96.43% |
| Gross Profit Margin | -7.05% | 32.96% | 9.28% |
| Selling, General & Admin | $0.00 | $22.90M | $2.060M |
| YoY Change | -100.0% | 1011.49% | 142.35% |
| % of Gross Profit | 277.53% | 187.27% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $61.74K | $1.299M | $20.00K |
| YoY Change | 517.4% | 6396.85% | -81.82% |
| % of Gross Profit | 15.75% | 1.82% | |
| Operating Expenses | -$9.852M | $22.90M | $2.050M |
| YoY Change | -1245.61% | 1016.91% | 141.18% |
| Operating Profit | $8.760M | -$14.65M | -$950.0K |
| YoY Change | -5939.75% | 1441.75% | 227.59% |
| Interest Expense | $16.03K | $51.13K | $0.00 |
| YoY Change | -100.0% | ||
| % of Operating Profit | 0.18% | ||
| Other Income/Expense, Net | -$2.307M | $66.78K | $0.00 |
| YoY Change | -100.0% | ||
| Pretax Income | $6.469M | -$14.53M | -$4.850M |
| YoY Change | -259.33% | 199.56% | 1572.41% |
| Income Tax | $1.295M | $1.295M | |
| % Of Pretax Income | 20.02% | ||
| Net Earnings | $5.222M | -$26.97M | $2.510M |
| YoY Change | -231.87% | -1174.54% | -114.91% |
| Net Earnings / Revenue | 33.72% | -107.75% | 21.18% |
| Basic Earnings Per Share | -$20.36 | ||
| Diluted Earnings Per Share | $113.1K | -$678.5K | $88.22K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 1.325M shares | ||
| Diluted Shares Outstanding | 1.325M shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $14.59M | $14.59M | $4.290M |
| YoY Change | 240.05% | 240.05% | 72.98% |
| Cash & Equivalents | $14.59M | $14.59M | $1.000M |
| Short-Term Investments | $0.00 | $0.00 | $3.300M |
| Other Short-Term Assets | $0.00 | $0.00 | $4.780M |
| YoY Change | -100.0% | -100.0% | -14.8% |
| Inventory | $3.714K | $3.710K | $1.050M |
| Prepaid Expenses | |||
| Receivables | $0.00 | $1.070M | |
| Other Receivables | $728.4K | $1.339M | $790.0K |
| Total Short-Term Assets | $15.93M | $15.93M | $11.98M |
| YoY Change | 32.98% | 32.98% | 3.36% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $283.9K | $306.6K | $150.0K |
| YoY Change | 89.26% | 104.42% | 36.36% |
| Goodwill | $6.590M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $34.30M | $27.71M | $130.0K |
| YoY Change | 26282.52% | 21212.83% | -96.24% |
| Total Long-Term Assets | $34.60M | $34.60M | $13.16M |
| YoY Change | 162.95% | 162.95% | 21.18% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $15.93M | $15.93M | $11.98M |
| Total Long-Term Assets | $34.60M | $34.60M | $13.16M |
| Total Assets | $50.54M | $50.54M | $25.14M |
| YoY Change | 101.02% | 101.02% | 11.98% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.544M | $3.544M | $1.130M |
| YoY Change | 213.61% | 213.61% | 232.35% |
| Accrued Expenses | $13.34K | $13.34K | $100.0K |
| YoY Change | -86.66% | -86.66% | 66.67% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $480.0K |
| YoY Change | -100.0% | -100.0% | |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $18.45M | $18.45M | $3.190M |
| YoY Change | 478.26% | 478.26% | -80.28% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $8.740K | $8.740K | $30.00K |
| YoY Change | -70.87% | -70.87% | -90.0% |
| Total Long-Term Liabilities | $8.738K | $8.740K | $30.00K |
| YoY Change | -70.87% | -70.87% | -90.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $18.45M | $18.45M | $3.190M |
| Total Long-Term Liabilities | $8.738K | $8.740K | $30.00K |
| Total Liabilities | $18.46M | $18.46M | $3.220M |
| YoY Change | 473.14% | 473.15% | -80.47% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$26.02M | ||
| YoY Change | |||
| Common Stock | $4.608K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $32.08M | $32.08M | $21.91M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $50.54M | $50.54M | $25.14M |
| YoY Change | 101.02% | 101.02% | 11.98% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $5.222M | -$26.97M | $2.510M |
| YoY Change | -231.87% | -1174.54% | -114.91% |
| Depreciation, Depletion And Amortization | $61.74K | $1.299M | $20.00K |
| YoY Change | 517.4% | 6396.85% | -81.82% |
| Cash From Operating Activities | $9.088M | -$5.511M | $0.00 |
| YoY Change | -1752.33% | -100.0% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$20.96K | -$308.8K | -$1.230M |
| YoY Change | 4.8% | -74.9% | |
| Acquisitions | $961.7K | ||
| YoY Change | |||
| Other Investing Activities | -$1.154M | -$961.7K | -$3.300M |
| YoY Change | 2785.72% | -70.86% | |
| Cash From Investing Activities | -$1.175M | -$1.270M | -$4.530M |
| YoY Change | 1858.73% | -71.95% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 740.0 | 22.80M | 3.060M |
| YoY Change | -99.33% | 644.96% | 23.39% |
| NET CHANGE | |||
| Cash From Operating Activities | 9.088M | -5.511M | 0.000 |
| Cash From Investing Activities | -1.175M | -1.270M | -4.530M |
| Cash From Financing Activities | 740.0 | 22.80M | 3.060M |
| Net Change In Cash | 7.913M | 16.01M | -1.470M |
| YoY Change | -1682.66% | -1189.4% | -145.37% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $9.088M | -$5.511M | $0.00 |
| Capital Expenditures | -$20.96K | -$308.8K | -$1.230M |
| Free Cash Flow | $9.109M | -$5.202M | $1.230M |
| YoY Change | -1818.63% | -522.95% | 61.84% |
Facts In Submission
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