2023 Q3 Form 10-Q Financial Statement

#000149315223029605 Filed on August 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $340.0K $368.3K $140.1K
YoY Change -48.45% 162.93% -28.87%
% of Gross Profit
Research & Development $2.158M $1.380M $633.3K
YoY Change 25.22% 117.86% 13.78%
% of Gross Profit
Depreciation & Amortization $0.00 $910.00 $910.00
YoY Change -100.0% 0.0% -49.72%
% of Gross Profit
Operating Expenses $2.503M $1.748M $773.3K
YoY Change 5.03% 126.02% 2.64%
Operating Profit -$2.503M -$1.748M -$773.3K
YoY Change 5.03% 126.02% 2.64%
Interest Expense $110.0K $119.5K $27.23K
YoY Change 71.77% 338.67% 635.95%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.390M -$1.628M -$746.1K
YoY Change 3.06% 118.26% -0.49%
Income Tax
% Of Pretax Income
Net Earnings -$2.392M -$1.628M -$746.1K
YoY Change 3.14% 118.26% -0.49%
Net Earnings / Revenue
Basic Earnings Per Share -$0.19 -$0.13 -$0.06
Diluted Earnings Per Share -$0.19 -$0.13 -$57.73K
COMMON SHARES
Basic Shares Outstanding 12.85M shares 12.85M shares
Diluted Shares Outstanding 12.85M shares 12.85M shares 12.92M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.140M $10.94M $17.19M
YoY Change -41.55% -36.33% -42.32%
Cash & Equivalents $9.144M $10.94M $17.19M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.140M $10.94M $17.19M
YoY Change -41.55% -36.33% -42.32%
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 $9.913K $7.199K $10.81K
YoY Change 0.1% -33.4% -25.04%
TOTAL ASSETS
Total Short-Term Assets $9.140M $10.94M $17.19M
Total Long-Term Assets $9.913K $7.199K $10.81K
Total Assets $9.150M $10.95M $17.20M
YoY Change -41.53% -36.32% -42.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $230.0K $300.5K $220.9K
YoY Change 4.14% 36.05% -64.81%
Accrued Expenses $70.00K $1.080K $8.290K
YoY Change 311.04% -86.97% -66.87%
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 $297.3K $301.5K $229.1K
YoY Change 24.97% 31.6% -64.89%
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 $297.3K $301.5K $229.1K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $297.3K $301.5K $229.1K
YoY Change 24.97% 31.6% -64.89%
SHAREHOLDERS EQUITY
Retained Earnings -$47.62M -$45.23M -$36.36M
YoY Change 23.1% 24.37%
Common Stock $56.47M $55.88M $53.33M
YoY Change 4.4% 4.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.853M $10.65M $16.97M
YoY Change
Total Liabilities & Shareholders Equity $9.150M $10.95M $17.20M
YoY Change -41.53% -36.32% -42.32%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$2.392M -$1.628M -$746.1K
YoY Change 3.14% 118.26% -0.49%
Depreciation, Depletion And Amortization $0.00 $910.00 $910.00
YoY Change -100.0% 0.0% -49.72%
Cash From Operating Activities -$1.800M -$967.0K -$532.7K
YoY Change 16.14% 81.52% -11.6%
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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -2.023M
YoY Change -100.0% -71065.26%
NET CHANGE
Cash From Operating Activities -1.800M -967.0K -532.7K
Cash From Investing Activities
Cash From Financing Activities 0.000 0.000 -2.023M
Net Change In Cash -1.800M -967.0K -2.555M
YoY Change 16.14% -62.16% 326.05%
FREE CASH FLOW
Cash From Operating Activities -$1.800M -$967.0K -$532.7K
Capital Expenditures
Free Cash Flow
YoY Change

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