2023 Q1 Form 10-K Financial Statement

#000149315223010284 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $413.2K $436.6K $1.565M
YoY Change 25.82% 39.35% 50.67%
% of Gross Profit
Research & Development $1.828M $2.458M $6.476M
YoY Change 10.06% 19.1% 81.93%
% of Gross Profit
Depreciation & Amortization $900.00 $900.00 $3.610K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $2.241M $2.895M $8.040M
YoY Change 12.66% 21.77% 74.87%
Operating Profit -$2.241M -$8.040M
YoY Change 12.66% 74.87%
Interest Expense $116.2K $104.2K $215.0K
YoY Change 493.36% 531.33% 685.6%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.125M -$2.791M -$7.825M
YoY Change 7.88% 18.21% 71.21%
Income Tax
% Of Pretax Income
Net Earnings -$2.125M -$2.791M -$7.825M
YoY Change 7.88% 18.21% 71.21%
Net Earnings / Revenue
Basic Earnings Per Share -$0.17 -$0.61
Diluted Earnings Per Share -$0.17 -$0.22 -$0.61
COMMON SHARES
Basic Shares Outstanding 12.85M shares 12.85M shares
Diluted Shares Outstanding 12.85M shares 12.91M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.91M $13.47M $13.47M
YoY Change -39.67% -50.49% -50.49%
Cash & Equivalents $11.91M $13.47M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.91M $13.47M $13.47M
YoY Change -39.67% -50.49% -50.49%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $8.099K $8.999K $9.000K
YoY Change -30.84% -28.66% -28.63%
TOTAL ASSETS
Total Short-Term Assets $11.91M $13.47M $13.47M
Total Long-Term Assets $8.099K $8.999K $9.000K
Total Assets $11.92M $13.48M $13.48M
YoY Change -39.66% -50.48% -50.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $220.9K $220.9K $220.9K
YoY Change 0.0% 0.0% 0.0%
Accrued Expenses $14.73K $42.06K $42.06K
YoY Change -27.51% -74.41% -74.41%
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 $235.6K $262.9K $262.9K
YoY Change -2.32% -31.74% -31.74%
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 $235.6K $262.9K $262.9K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $235.6K $262.9K $262.9K
YoY Change -2.32% -31.74% -31.74%
SHAREHOLDERS EQUITY
Retained Earnings -$43.60M -$41.47M
YoY Change 23.26%
Common Stock $55.28M $54.69M
YoY Change -9.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.68M $13.21M $13.21M
YoY Change
Total Liabilities & Shareholders Equity $11.92M $13.48M $13.48M
YoY Change -39.66% -50.48% -50.48%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.125M -$2.791M -$7.825M
YoY Change 7.88% 18.21% 71.21%
Depreciation, Depletion And Amortization $900.00 $900.00 $3.610K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$1.557M -$2.170M -$6.200M
YoY Change -20.06% -4.16% 44.47%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.536M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -$7.536M
YoY Change -100.0% -365.79%
NET CHANGE
Cash From Operating Activities -$1.557M -2.170M -$6.200M
Cash From Investing Activities
Cash From Financing Activities 0.000 -$7.536M
Net Change In Cash -$1.557M -2.170M -$13.74M
YoY Change -79.13% 27.52% 843.35%
FREE CASH FLOW
Cash From Operating Activities -$1.557M -$2.170M -$6.200M
Capital Expenditures
Free Cash Flow
YoY Change

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