2024 Q4 Form 10-Q Financial Statement

#000147793224007036 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $5.017M $2.197M
YoY Change 128.34% -19.51%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit -$1.099M -$1.572M
YoY Change -30.06% 6.24%
Interest Expense $461.1K
YoY Change 285.36%
% of Operating Profit
Other Income/Expense, Net $16.40K $89.71K
YoY Change -81.71%
Pretax Income -$358.2K -$2.308M
YoY Change -84.48% 26.94%
Income Tax $97.62K $4.276K
% Of Pretax Income
Net Earnings -$260.8K -$2.304M
YoY Change -88.68% 24.42%
Net Earnings / Revenue -5.2% -104.85%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 139.9M shares 139.8M shares 139.8M shares
Diluted Shares Outstanding 139.8M shares 139.8M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $765.3K $803.8K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $858.8K $819.4K
Prepaid Expenses $13.74K $16.94K
Receivables $3.885M $3.856M
Other Receivables
Total Short-Term Assets $17.03M $13.06M
YoY Change 30.39%
LONG-TERM ASSETS
Property, Plant & Equipment $17.30M $17.77M
YoY Change -2.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $38.63M $42.88M
YoY Change -9.91%
TOTAL ASSETS
Total Short-Term Assets $17.03M $13.06M
Total Long-Term Assets $38.63M $42.88M
Total Assets $55.66M $55.94M
YoY Change -0.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.930M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.107M $1.105M
YoY Change 0.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.64M $33.84M
YoY Change 17.13%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $1.306M
YoY Change
Total Long-Term Liabilities $6.716M $7.279M
YoY Change -7.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.64M $33.84M
Total Long-Term Liabilities $6.716M $7.279M
Total Liabilities $46.35M $41.12M
YoY Change 12.73%
SHAREHOLDERS EQUITY
Retained Earnings -$38.21M -$35.36M
YoY Change 8.06%
Common Stock $13.98K $13.98K
YoY Change 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$39.87M -$37.07M
YoY Change
Total Liabilities & Shareholders Equity $55.66M $55.94M
YoY Change -0.5%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$260.8K -$2.304M
YoY Change -88.68% 24.42%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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global Elimination Of Preferred Stock Due To Acquisition Of Cps Amount
EliminationOfPreferredStockDueToAcquisitionOfCpsAmount
0 usd
global Translation And Other Adjustments
TranslationAndOtherAdjustments
423300 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14818921 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12226254 usd
us-gaap Profit Loss
ProfitLoss
-3108591 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
189003 usd
global Total Comprehensive Loss
TotalComprehensiveLoss
-2919588 usd
global Issue Of Common Stock Amount
IssueOfCommonStockAmount
7 usd
global Translation And Other Adjustments
TranslationAndOtherAdjustments
0 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9306672 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17010312 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-2303874 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
112484 usd
CY2023Q3 global Total Comprehensive Loss
TotalComprehensiveLoss
-2191390 usd
CY2023Q3 global Translation And Other Adjustments
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0 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14818921 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9559067 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-455818 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
203414 usd
CY2024Q3 global Total Comprehensive Loss
TotalComprehensiveLoss
-252404 usd
CY2024Q3 global Issue Of Common Stock Amount
IssueOfCommonStockAmount
7 usd
CY2024Q3 global Translation And Other Adjustments
TranslationAndOtherAdjustments
0 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9306672 usd
CY2024Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
278.05 pure
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
282.4 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Use of Estimates </strong>— The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to: (1) impairment of long-lived assets, (2) depreciable lives of assets, (3) allowance for doubtful accounts, (4) fair value of identifiable tangible and intangible assets, including determination of expected useful life, and (5) estimating lease terms and incremental borrowing rates. Actual results could significantly differ from those estimates.</p>
CY2024Q3 us-gaap Cash
Cash
734537 usd
CY2023Q4 us-gaap Cash
Cash
861374 usd
CY2024Q3 global Total Cash At Bank
TotalCashAtBank
765290 usd
CY2023Q4 global Total Cash At Bank
TotalCashAtBank
908097 usd
CY2024Q3 us-gaap Escrow Deposit
EscrowDeposit
2448297 usd
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
2157829 usd
CY2024Q3 us-gaap Margin Deposit Assets
MarginDepositAssets
221428 usd
CY2023Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
195613 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
2669725 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
2353442 usd
CY2024Q3 us-gaap Unsecured Debt
UnsecuredDebt
3885225 usd
CY2023Q4 us-gaap Unsecured Debt
UnsecuredDebt
4045485 usd
CY2024Q3 global Considered Doubtful Unsecured
ConsideredDoubtfulUnsecured
2314316 usd
CY2023Q4 global Considered Doubtful Unsecured
ConsideredDoubtfulUnsecured
2314316 usd
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
6199541 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
6359801 usd
CY2024Q3 global Provision For Expected Credit Losss
ProvisionForExpectedCreditLosss
-2314316 usd
CY2023Q4 global Provision For Expected Credit Losss
ProvisionForExpectedCreditLosss
-2314316 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3885225 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4045485 usd
CY2023 us-gaap Provision For Other Losses
ProvisionForOtherLosses
139557 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17233737 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17841680 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
63135 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
62500 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17296872 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17904180 usd
CY2024Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
32408776 usd
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
31809410 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
15175039 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
13967730 usd
CY2024Q3 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Before Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseBeforeAccumulatedDepreciation
17233737 usd
CY2023Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Before Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseBeforeAccumulatedDepreciation
17841680 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
101719 usd
CY2023 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
131987 usd
global Plant And Equipment Disposals
PlantAndEquipmentDisposals
0 usd
CY2023 global Plant And Equipment Disposals
PlantAndEquipmentDisposals
1774 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
0 usd
CY2023 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
1774 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
114995 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
357173 usd
global Operating Leases Weighted Average Remaining Lease Term1
OperatingLeasesWeightedAverageRemainingLeaseTerm1
P6Y11M8D
CY2023 global Operating Leases Weighted Average Remaining Lease Term1
OperatingLeasesWeightedAverageRemainingLeaseTerm1
P7Y1M2D
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
38153 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
161828 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
175183 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
179916 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
166538 usd
CY2024Q3 global Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
474180 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1195797 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
357173 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23258807 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
320281 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1002016 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
832847 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
814602 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
814602 usd
CY2024Q3 global Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
6757739 usd
CY2023Q4 global Payable To Pta Against Apc Charges
PayableToPtaAgainstApcCharges
6254214 usd
CY2023Q4 global Sales Tax Payable
SalesTaxPayable
278661 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
3366663 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1106584 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1507307 usd
global Interest Rate Line Of Credit Description
InterestRateLineOfCreditDescription
Borrowings against repurchase agreement, obtained from Elahi Group of Companies, amounted to $0.54 million against 100 million shares of WTL and from Hamdard Laboratories amounted to $0.27 million against 50 million shares of WTL for the purpose of working capital requirements and/or to meet other business obligations
CY2023 global Deferred Markup Net
DeferredMarkupNet
678063 usd
CY2018 global Percentage Of Additional Cost In Outstanding Balance
PercentageOfAdditionalCostInOutstandingBalance
0.0060 pure
CY2019Q2 global Repayment Of Pledged Shares For Investors
RepaymentOfPledgedSharesForInvestors
175000000 shares
CY2024Q3 global Installment Payment Principal
InstallmentPaymentPrincipal
2610000 usd
CY2024Q3 global Debt Instrument Increase Accrued Interest Against Payment
DebtInstrumentIncreaseAccruedInterestAgainstPayment
3400000 usd
global Description Of Due To Nonpayment Of Due Installments
DescriptionOfDueToNonpaymentOfDueInstallments
Trustee enforced the letter of pledge in 2021 and called 128.2 million shares from the sponsors account out of which 13.6 million shares were sold for $0.16 million in 2021 ($0.1 million settled against principal and $0.06 million against accrued interest) and 50.38 million shares were sold for $0.41 million in 2022 ($0.25 million settled against principal and $0.15 million against accrued interest)
us-gaap Venture Capital Gains Losses Net
VentureCapitalGainsLossesNet
21150000 usd
global Description Of Suits For Recovery
DescriptionOfSuitsForRecovery
October 16, 2017, before LHC and made a claim of approximately $0.23 million and $4.87 million which was dismissed on September 26, 2018. The vendors have also filed civil suit before Islamabad Civil Court dated September 17, 2018, for recovery of approximately $12.35 million and $0.24 million along with damages of $20 million. The learned civil judge accepted the application under Order VII Rule 10 CPC dismissed the suit. Vendors filed an appeal before the Honorable Islamabad High Court, Islamabad against the order passed on July 10, 2019 by the learned civil judge, Islamabad
CY2024Q3 global Net Revenues
NetRevenues
5017195 usd
CY2023Q3 global Net Revenues
NetRevenues
2197248 usd
global Net Revenues
NetRevenues
13282159 usd
global Net Revenues
NetRevenues
7483286 usd
CY2024Q3 global Telecom Sevices Revenue
TelecomSevicesRevenue
4369980 usd
CY2023Q3 global Telecom Sevices Revenue
TelecomSevicesRevenue
2029875 usd
global Telecom Sevices Revenue
TelecomSevicesRevenue
11923088 usd
global Telecom Sevices Revenue
TelecomSevicesRevenue
6770303 usd
CY2024Q3 global Broadband Services Revenue
BroadbandServicesRevenue
252274 usd
CY2023Q3 global Broadband Services Revenue
BroadbandServicesRevenue
186757 usd
global Broadband Services Revenue
BroadbandServicesRevenue
983201 usd
global Broadband Services Revenue
BroadbandServicesRevenue
745601 usd
CY2024Q3 global Technology Services Revenue
TechnologyServicesRevenue
399265 usd
CY2023Q3 global Technology Services Revenue
TechnologyServicesRevenue
-12059 usd
global Technology Services Revenue
TechnologyServicesRevenue
410302 usd
global Technology Services Revenue
TechnologyServicesRevenue
9981 usd
global Acquired Finite Livedtangible Assets Weighted Average Useful Life
AcquiredFiniteLivedtangibleAssetsWeightedAverageUsefulLife
P20Y
us-gaap Direct Operating Communications Costs
DirectOperatingCommunicationsCosts
12379248 usd
CY2024Q3 global Interest Expense Unwinding Of Discount On Liabilities
InterestExpenseUnwindingOfDiscountOnLiabilities
161 usd
CY2023Q3 global Interest Expense Unwinding Of Discount On Liabilities
InterestExpenseUnwindingOfDiscountOnLiabilities
23857 usd
global Interest Expense Unwinding Of Discount On Liabilities
InterestExpenseUnwindingOfDiscountOnLiabilities
78625 usd
global Interest Expense Unwinding Of Discount On Liabilities
InterestExpenseUnwindingOfDiscountOnLiabilities
133192 usd
CY2024Q3 global Interest Expense On Term Finance Certificates
InterestExpenseOnTermFinanceCertificates
244633 usd
CY2023Q3 global Interest Expense On Term Finance Certificates
InterestExpenseOnTermFinanceCertificates
193277 usd
global Interest Expense On Term Finance Certificates
InterestExpenseOnTermFinanceCertificates
735436 usd
global Interest Expense On Term Finance Certificates
InterestExpenseOnTermFinanceCertificates
651075 usd
CY2024Q3 global Interest Expense On Long Term Loan
InterestExpenseOnLongTermLoan
108593 usd
CY2023Q3 global Interest Expense On Long Term Loan
InterestExpenseOnLongTermLoan
-10623 usd
global Interest Expense On Long Term Loan
InterestExpenseOnLongTermLoan
339293 usd
global Interest Expense On Long Term Loan
InterestExpenseOnLongTermLoan
247254 usd
CY2024Q3 global Interest Expense On Short Term Borrowings
InterestExpenseOnShortTermBorrowings
60507 usd
CY2023Q3 global Interest Expense On Short Term Borrowings
InterestExpenseOnShortTermBorrowings
227755 usd
global Interest Expense On Short Term Borrowings
InterestExpenseOnShortTermBorrowings
180956 usd
global Interest Expense On Short Term Borrowings
InterestExpenseOnShortTermBorrowings
240743 usd
CY2024Q3 global Interest Expense Finance Charges On Lease Liabilities
InterestExpenseFinanceChargesOnLeaseLiabilities
26067 usd
CY2023Q3 global Interest Expense Finance Charges On Lease Liabilities
InterestExpenseFinanceChargesOnLeaseLiabilities
21100 usd
global Interest Expense Finance Charges On Lease Liabilities
InterestExpenseFinanceChargesOnLeaseLiabilities
78947 usd
global Interest Expense Finance Charges On Lease Liabilities
InterestExpenseFinanceChargesOnLeaseLiabilities
80750 usd
CY2024Q3 global Interest Expense Bank Charges And Commission
InterestExpenseBankChargesAndCommission
5873 usd
CY2023Q3 global Interest Expense Bank Charges And Commission
InterestExpenseBankChargesAndCommission
5712 usd
global Interest Expense Bank Charges And Commission
InterestExpenseBankChargesAndCommission
18528 usd
global Interest Expense Bank Charges And Commission
InterestExpenseBankChargesAndCommission
17539 usd
CY2024Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
445834 usd
CY2023Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
461078 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1431785 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1370552 usd
CY2024Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
97623 usd
CY2024Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2024Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd

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