2021 Form 10-K Financial Statement

#000149315222010031 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $374.9K $18.34K $26.22K
YoY Change 1329.75% 64.93% -47.05%
Cost Of Revenue $37.69K $6.600K $16.33K
YoY Change 130.8% 8.2% -29.06%
Gross Profit $337.2K $11.74K $9.890K
YoY Change 3309.4% 133.86% -62.68%
Gross Profit Margin 89.95% 64.01% 37.72%
Selling, General & Admin $1.308M $105.4K $413.1K
YoY Change 216.73% 3.83% -8.22%
% of Gross Profit 387.99% 897.87% 4176.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.160K $540.00 $4.640K
YoY Change -53.45% -99.41% -98.98%
% of Gross Profit 0.64% 4.6% 46.92%
Operating Expenses $1.310M $106.0K $417.7K
YoY Change 213.72% -45.06% -53.87%
Operating Profit -$973.3K -$94.21K -$407.8K
YoY Change 138.65% -49.84% -53.6%
Interest Expense $1.254M -$320.1K -$558.1K
YoY Change -324.75% 154.68% 138.44%
% of Operating Profit
Other Income/Expense, Net $57.38K
YoY Change
Pretax Income $338.4K -$414.3K -$965.9K
YoY Change -135.04% 32.16% -14.58%
Income Tax
% Of Pretax Income
Net Earnings $338.4K -$414.3K -$965.9K
YoY Change -135.04% 32.16% -14.58%
Net Earnings / Revenue 90.27% -2258.89% -3683.79%
Basic Earnings Per Share
Diluted Earnings Per Share $3.269K -$5.830K -$16.26K
COMMON SHARES
Basic Shares Outstanding 103.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.408M $2.310K $2.310K
YoY Change 104141.13% 14.36% 14.36%
Cash & Equivalents $2.408M $2.305K $2.310K
Short-Term Investments
Other Short-Term Assets $9.330K $8.130K $8.130K
YoY Change 14.76% -7.09% -7.09%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.417M $10.43K $10.43K
YoY Change 23076.41% -3.16% -3.16%
LONG-TERM ASSETS
Property, Plant & Equipment $5.670K $5.880K $5.880K
YoY Change -3.57% 13.51% 13.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $310.1K $5.880K $5.880K
YoY Change 5173.81% 13.51% 13.51%
TOTAL ASSETS
Total Short-Term Assets $2.417M $10.43K $10.43K
Total Long-Term Assets $310.1K $5.880K $5.880K
Total Assets $2.727M $16.31K $16.31K
YoY Change 16622.26% 2.26% 2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $299.0K $160.0K $165.0K
YoY Change 81.24% 20.07% 23.81%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $6.630K $2.160M $2.160M
YoY Change -99.69% 23.3% 23.3%
Long-Term Debt Due $0.00 $17.24K $17.24K
YoY Change -100.0% -82.8% -82.8%
Total Short-Term Liabilities $305.7K $3.646M $3.646M
YoY Change -91.62% 31.97% 31.97%
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 $305.7K $3.646M $3.646M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $305.7K $3.646M $3.646M
YoY Change -91.62% 31.97% 31.97%
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 $2.422M -$3.629M -$3.629M
YoY Change
Total Liabilities & Shareholders Equity $2.727M $16.31K $16.31K
YoY Change 16622.26% 2.26% 2.26%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income $338.4K -$414.3K -$965.9K
YoY Change -135.04% 32.16% -14.58%
Depreciation, Depletion And Amortization $2.160K $540.00 $4.640K
YoY Change -53.45% -99.41% -98.98%
Cash From Operating Activities -$755.2K -$85.56K -$402.6K
YoY Change 87.6% -4.31% -6.97%
INVESTING ACTIVITIES
Capital Expenditures -$380.4K $0.00 -$5.340K
YoY Change 7023.41% 164.36%
Acquisitions
YoY Change
Other Investing Activities $131.4K
YoY Change
Cash From Investing Activities -$249.0K $0.00 -$5.340K
YoY Change 4562.92% -1212.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.410M 84.79K 408.2K
YoY Change 735.4% -5.07% -3.23%
NET CHANGE
Cash From Operating Activities -755.2K -85.56K -402.6K
Cash From Investing Activities -249.0K 0.000 -5.340K
Cash From Financing Activities 3.410M 84.79K 408.2K
Net Change In Cash 2.406M -770.0 270.0
YoY Change 890885.19% 755.56% -102.59%
FREE CASH FLOW
Cash From Operating Activities -$755.2K -$85.56K -$402.6K
Capital Expenditures -$380.4K $0.00 -$5.340K
Free Cash Flow -$374.8K -$85.56K -$397.2K
YoY Change -5.64% -4.31% -7.77%

Facts In Submission

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