2023 Q2 Form 10-Q Financial Statement
#000149315223018539 Filed on May 22, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $368.3K | $413.2K | $328.4K |
YoY Change | 162.93% | 25.82% | 2.62% |
% of Gross Profit | |||
Research & Development | $1.380M | $1.828M | $1.661M |
YoY Change | 117.86% | 10.06% | 493.15% |
% of Gross Profit | |||
Depreciation & Amortization | $910.00 | $900.00 | $900.00 |
YoY Change | 0.0% | 0.0% | |
% of Gross Profit | |||
Operating Expenses | $1.748M | $2.241M | $1.989M |
YoY Change | 126.02% | 12.66% | 231.53% |
Operating Profit | -$1.748M | -$2.241M | -$1.989M |
YoY Change | 126.02% | 12.66% | |
Interest Expense | $119.5K | $116.2K | $19.58K |
YoY Change | 338.67% | 493.36% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$1.628M | -$2.125M | -$1.970M |
YoY Change | 118.26% | 7.88% | 228.27% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.628M | -$2.125M | -$1.970M |
YoY Change | 118.26% | 7.88% | 229.92% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.13 | -$0.17 | -$0.15 |
Diluted Earnings Per Share | -$0.13 | -$0.17 | -$150.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 12.85M shares | 12.85M shares | |
Diluted Shares Outstanding | 12.85M shares | 12.85M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.94M | $11.91M | $19.74M |
YoY Change | -36.33% | -39.67% | -35.06% |
Cash & Equivalents | $10.94M | $11.91M | $19.74M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $10.94M | $11.91M | $19.74M |
YoY Change | -36.33% | -39.67% | -35.06% |
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 | $7.199K | $8.099K | $11.71K |
YoY Change | -33.4% | -30.84% | -41.45% |
TOTAL ASSETS | |||
Total Short-Term Assets | $10.94M | $11.91M | $19.74M |
Total Long-Term Assets | $7.199K | $8.099K | $11.71K |
Total Assets | $10.95M | $11.92M | $19.75M |
YoY Change | -36.32% | -39.66% | -35.06% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $300.5K | $220.9K | $220.9K |
YoY Change | 36.05% | 0.0% | -63.8% |
Accrued Expenses | $1.080K | $14.73K | $20.32K |
YoY Change | -86.97% | -27.51% | -66.13% |
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 | $301.5K | $235.6K | $241.2K |
YoY Change | 31.6% | -2.32% | -64.0% |
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 | $301.5K | $235.6K | $241.2K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $301.5K | $235.6K | $241.2K |
YoY Change | 31.6% | -2.32% | -64.0% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$45.23M | -$43.60M | |
YoY Change | 24.37% | ||
Common Stock | $55.88M | $55.28M | |
YoY Change | 4.77% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.65M | $11.68M | $19.51M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.95M | $11.92M | $19.75M |
YoY Change | -36.32% | -39.66% | -35.06% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.628M | -$2.125M | -$1.970M |
YoY Change | 118.26% | 7.88% | 229.92% |
Depreciation, Depletion And Amortization | $910.00 | $900.00 | $900.00 |
YoY Change | 0.0% | 0.0% | |
Cash From Operating Activities | -$967.0K | -$1.557M | -$1.947M |
YoY Change | 81.52% | -20.06% | 267.45% |
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 | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | -5.514M | |
YoY Change | -100.0% | -342.89% | |
NET CHANGE | |||
Cash From Operating Activities | -967.0K | -$1.557M | -1.947M |
Cash From Investing Activities | |||
Cash From Financing Activities | 0.000 | -5.514M | |
Net Change In Cash | -967.0K | -$1.557M | -7.461M |
YoY Change | -62.16% | -79.13% | -528.8% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$967.0K | -$1.557M | -$1.947M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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0 | shares |
CY2022Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
269828 | shares |
CY2022Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
5513711 | usd |
CY2023Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
133199 | usd |
CY2023Q1 | GLSI |
Closing Share Price
ClosingSharePrice
|
13.79 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
20174 | shares |