2022 Q1 Form 10-Q Financial Statement
#000182646622000069 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| Revenue | $30.30M | $20.18M | $23.50M |
| YoY Change | 28.94% | 40.1% | 59.4% |
| Cost Of Revenue | $30.32M | $20.17M | $23.52M |
| YoY Change | 28.93% | 40.09% | 59.35% |
| Gross Profit | -$15.00K | $4.000K | -$14.00K |
| YoY Change | 7.14% | 100.0% | 0.0% |
| Gross Profit Margin | -0.05% | 0.02% | -0.06% |
| Selling, General & Admin | $202.0K | $107.0K | $147.0K |
| YoY Change | 37.41% | 3.88% | -14.04% |
| % of Gross Profit | 2675.0% | ||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $202.0K | $107.0K | $147.0K |
| YoY Change | 37.41% | 3.88% | -14.04% |
| Operating Profit | -$217.0K | -$103.0K | -$161.0K |
| YoY Change | 34.78% | 1.98% | -12.97% |
| Interest Expense | $2.823M | $2.316M | $1.935M |
| YoY Change | 45.89% | 62.41% | -2.91% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $2.606M | $2.213M | $1.774M |
| YoY Change | 46.9% | 67.02% | -1.88% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $2.606M | $2.213M | $1.774M |
| YoY Change | 46.9% | 67.02% | -1.88% |
| Net Earnings / Revenue | 8.6% | 10.97% | 7.55% |
| Basic Earnings Per Share | $0.17 | ||
| Diluted Earnings Per Share | $168.2K | $142.9K | $114.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $7.808M | $5.885M | $6.744M |
| YoY Change | 15.78% | -15.75% | 27.08% |
| Cash & Equivalents | $4.092M | $1.595M | $2.974M |
| Short-Term Investments | $3.716M | $4.290M | $3.770M |
| Other Short-Term Assets | $29.00K | $255.0K | $35.00K |
| YoY Change | -17.14% | -1.16% | -20.45% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $224.0K | ||
| Other Receivables | |||
| Total Short-Term Assets | $7.837M | $6.140M | $6.779M |
| YoY Change | 15.61% | -15.23% | 26.69% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $20.35M | $20.80M | $18.74M |
| YoY Change | 8.58% | 11.13% | -9.85% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $20.35M | $21.81M | $18.74M |
| YoY Change | 8.58% | 16.52% | -9.85% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $7.837M | $6.140M | $6.779M |
| Total Long-Term Assets | $20.35M | $21.81M | $18.74M |
| Total Assets | $28.18M | $27.95M | $25.52M |
| YoY Change | 10.44% | 7.67% | -2.37% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $0.00 | $1.000K | $0.00 |
| YoY Change | -50.0% | ||
| Accrued Expenses | $1.000K | $204.0K | $1.000K |
| YoY Change | 0.0% | 0.99% | -99.16% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.000K | $205.0K | $1.000K |
| YoY Change | 0.0% | 0.49% | -99.16% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | ||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | ||
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.000K | $205.0K | $1.000K |
| Total Long-Term Liabilities | $0.00 | ||
| Total Liabilities | $1.000K | $205.0K | $1.000K |
| YoY Change | 0.0% | 0.49% | -99.21% |
| 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 | $28.18M | $27.75M | $25.52M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $28.18M | $27.95M | $25.52M |
| YoY Change | 10.44% | 7.67% | -2.37% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $2.606M | $2.213M | $1.774M |
| YoY Change | 46.9% | 67.02% | -1.88% |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$168.0K | -$73.00K | -$100.0K |
| YoY Change | 68.0% | 28.07% | -2100.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $4.834M | $504.0K | $1.541M |
| YoY Change | 213.69% | -74.05% | -17.15% |
| Cash From Investing Activities | $4.834M | $504.0K | $1.541M |
| YoY Change | 213.69% | -74.05% | -17.15% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -2.169M | -2.014M | -2.014M |
| YoY Change | 7.7% | 0.0% | -7.1% |
| NET CHANGE | |||
| Cash From Operating Activities | -168.0K | -73.00K | -100.0K |
| Cash From Investing Activities | 4.834M | 504.0K | 1.541M |
| Cash From Financing Activities | -2.169M | -2.014M | -2.014M |
| Net Change In Cash | 2.497M | -1.583M | -573.0K |
| YoY Change | -535.78% | 1127.13% | 89.11% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$168.0K | -$73.00K | -$100.0K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
USD | |
| CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
USD | |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
USD | |
| CY2021Q1 | us-gaap |
Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
|
USD | |
| CY2022Q1 | us-gaap |
Revenues
Revenues
|
30302000 | USD |
| CY2021Q1 | us-gaap |
Revenues
Revenues
|
23501000 | USD |
