2024 Q3 Form 10-Q Financial Statement

#000168316824005650 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $0.00 $12.32K $0.00
YoY Change
Cost Of Revenue $0.00 $10.29K $0.00
YoY Change
Gross Profit $0.00 $2.022K $0.00
YoY Change
Gross Profit Margin 16.42%
Selling, General & Admin $362.9K $845.1K
YoY Change -57.05%
% of Gross Profit 17948.57%
Research & Development $0.00
YoY Change -100.0%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $267.8K $362.9K $845.1K
YoY Change -50.38% -57.05% 92.99%
Operating Profit -$267.8K -$360.9K -$845.1K
YoY Change -50.38% -57.29%
Interest Expense -$53.42K $34.81K
YoY Change -253.46% 179.65%
% of Operating Profit
Other Income/Expense, Net -$77.55K -$53.42K -$34.81K
YoY Change 102.57% 53.46% 179.65%
Pretax Income -$414.3K -$879.9K
YoY Change -52.91%
Income Tax
% Of Pretax Income
Net Earnings -$345.4K -$414.3K -$879.9K
YoY Change -40.25% -52.91% 95.39%
Net Earnings / Revenue -3364.34%
Basic Earnings Per Share -$0.01 -$0.01 -$0.01
Diluted Earnings Per Share -$0.01 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 65.55M shares 65.55M shares 61.80M shares
Diluted Shares Outstanding 65.55M shares 65.55M shares 61.93M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.370K $9.330K
YoY Change -74.6%
Cash & Equivalents $2.097K $2.371K $9.325K
Short-Term Investments
Other Short-Term Assets $42.73K $14.59K
YoY Change 192.87%
Inventory
Prepaid Expenses $58.91K $42.73K $14.59K
Receivables
Other Receivables
Total Short-Term Assets $61.01K $45.10K $23.91K
YoY Change 103.51% 88.6% -98.58%
LONG-TERM ASSETS
Property, Plant & Equipment $464.7K $464.7K
YoY Change 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $495.0K
YoY Change
Total Long-Term Assets $959.7K $959.7K $464.7K
YoY Change 106.51% 106.51%
TOTAL ASSETS
Total Short-Term Assets $61.01K $45.10K $23.91K
Total Long-Term Assets $959.7K $959.7K $464.7K
Total Assets $1.021M $1.005M $488.7K
YoY Change 106.33% 105.63% -71.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $318.4K $304.3K $258.7K
YoY Change 48.13% 17.6% 112.17%
Accrued Expenses $1.060M $1.021M $1.028M
YoY Change 0.6% -0.62% -39.52%
Deferred Revenue
YoY Change
Short-Term Debt $1.996M $1.047M
YoY Change 90.7%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.698M $4.433M $3.064M
YoY Change 43.98% 44.66% 8.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.698M $4.433M $3.064M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $4.698M $4.433M $3.064M
YoY Change 43.98% 44.66% 8.8%
SHAREHOLDERS EQUITY
Retained Earnings -$14.14M -$13.79M -$11.85M
YoY Change 13.74% 16.38% 50.92%
Common Stock $6.556K $6.556K $6.211K
YoY Change 5.05% 5.55% 3.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.677M -$3.428M -$2.576M
YoY Change
Total Liabilities & Shareholders Equity $1.021M $1.005M $488.7K
YoY Change 106.33% 105.63% -71.02%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$345.4K -$414.3K -$879.9K
YoY Change -40.25% -52.91% 95.39%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$18.88K -$77.88K
YoY Change -75.76%
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 -1.540K 72.88K
YoY Change -102.11%
NET CHANGE
Cash From Operating Activities -18.88K -77.88K
Cash From Investing Activities
Cash From Financing Activities -1.540K 72.88K
Net Change In Cash -20.42K -5.000K
YoY Change 308.4%
FREE CASH FLOW
Cash From Operating Activities -$18.88K -$77.88K
Capital Expenditures
Free Cash Flow
YoY Change

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