2021 Form 10-K Financial Statement
#000149315221032076 Filed on December 20, 2021
Income Statement
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| Revenue | $72.50K | $15.00K | $79.50K |
| YoY Change | -8.81% | -60.83% | -11.95% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $73.73K | $16.69K | $62.37K |
| YoY Change | 18.21% | -9.39% | 0.61% |
| % of Gross Profit | |||
| Research & Development | $630.00 | ||
| YoY Change | 1.61% | ||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $0.00 | $16.69K | $62.99K |
| YoY Change | -100.0% | -9.39% | 0.61% |
| Operating Profit | -$1.228K | ||
| YoY Change | |||
| Interest Expense | -$3.710K | -$940.00 | -$3.710K |
| YoY Change | 0.0% | 1.08% | -15.1% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$3.711K | ||
| YoY Change | |||
| Pretax Income | -$4.940K | -$2.630K | $12.80K |
| YoY Change | -138.59% | -113.89% | -45.09% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$4.940K | -$2.630K | $12.80K |
| YoY Change | -138.59% | -113.89% | -45.09% |
| Net Earnings / Revenue | -6.81% | -17.53% | 16.1% |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | -$183.50 | -$97.69 | $475.40 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 26.92M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.160K | $9.380K | $9.380K |
| YoY Change | -87.63% | 11.93% | 11.93% |
| Cash & Equivalents | $9.384K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $5.000K | $5.000K | |
| YoY Change | 0.0% | ||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $5.000K | $5.000K | $5.000K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $11.16K | $14.38K | $14.38K |
| YoY Change | -22.39% | 71.6% | 71.6% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $580.00 | $580.00 | $580.00 |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Total Long-Term Assets | $570.00 | $580.00 | $580.00 |
| YoY Change | -1.72% | 1.75% | 1.75% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $11.16K | $14.38K | $14.38K |
| Total Long-Term Assets | $570.00 | $580.00 | $580.00 |
| Total Assets | $11.73K | $14.96K | $14.96K |
| YoY Change | -21.59% | 67.15% | 67.15% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | $7.150K | $5.440K | $5.440K |
| YoY Change | 31.43% | -60.41% | -60.41% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $91.50K | $91.50K | $91.50K |
| YoY Change | 0.0% | 1.67% | 1.67% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $98.65K | $96.94K | $96.94K |
| YoY Change | 1.76% | -6.55% | -6.55% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $98.65K | $96.94K | $96.94K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $98.65K | $96.94K | $96.94K |
| YoY Change | 1.76% | -6.55% | -6.55% |
| 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 | -$86.92K | -$81.98K | -$81.98K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $11.73K | $14.96K | $14.96K |
| YoY Change | -21.59% | 67.15% | 67.15% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q3 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
5000 | USD |
| CY2020Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
USD | |
| CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
USD | |
| CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
USD | |
| CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
| CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
| CY2021Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD |
