2022 Q1 Form 10-Q Financial Statement
#000149315222013688 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $238.0K | $290.4K |
| YoY Change | -18.04% | 0.84% |
| % of Gross Profit | ||
| Research & Development | $16.00K | $30.00K |
| YoY Change | -46.67% | |
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $254.0K | $320.4K |
| YoY Change | -20.72% | 11.26% |
| Operating Profit | -$254.0K | |
| YoY Change | ||
| Interest Expense | -$147.6K | -$144.2K |
| YoY Change | 2.33% | -47.67% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$147.6K | $0.00 |
| YoY Change | ||
| Pretax Income | -$401.6K | -$464.6K |
| YoY Change | -13.56% | -17.44% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$401.6K | -$464.6K |
| YoY Change | -13.56% | -17.44% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$1.127K | -$1.385K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 356.2M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $470.00 | $330.00 |
| YoY Change | 42.42% | -96.79% |
| Cash & Equivalents | $466.00 | |
| Short-Term Investments | ||
| Other Short-Term Assets | $60.00 | $3.310K |
| YoY Change | -98.19% | -86.76% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $520.00 | $3.640K |
| YoY Change | -85.71% | -99.19% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $0.00 | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $520.00 | $3.640K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $520.00 | $3.640K |
| YoY Change | -85.71% | -99.19% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $683.2K | $809.3K |
| YoY Change | -15.58% | -17.78% |
| Accrued Expenses | $5.914M | $4.901M |
| YoY Change | 20.66% | 31.57% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $3.618M | $3.433M |
| YoY Change | 5.39% | 52.73% |
| Total Short-Term Liabilities | $10.22M | $9.265M |
| YoY Change | 10.29% | 27.4% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $10.22M | $9.265M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $10.22M | $9.265M |
| YoY Change | 10.29% | 18.82% |
| 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 | -$10.22M | -$9.262M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $520.00 | $3.640K |
| YoY Change | -85.71% | -99.19% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$401.6K | -$464.6K |
| YoY Change | -13.56% | -17.44% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$105.8K | -$149.4K |
| YoY Change | -29.18% | -43.12% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 45.70K | 148.1K |
| YoY Change | -69.13% | -47.46% |
| NET CHANGE | ||
| Cash From Operating Activities | -105.8K | -149.4K |
| Cash From Investing Activities | 0.000 | |
| Cash From Financing Activities | 45.70K | 148.1K |
| Net Change In Cash | -60.08K | -1.300K |
| YoY Change | 4521.54% | -77.43% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$105.8K | -$149.4K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Commitments And Contingencies
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| CY2022Q1 | GWTI |
Subscription Receivable Warrants
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| CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
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| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
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| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
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| CY2022Q1 | GWTI |
Shares Issued For Promissory Note Fees Value
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|
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| CY2022Q1 | us-gaap |
Share Based Compensation
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| CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Expense
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| CY2021Q1 | us-gaap |
Interest Paid Net
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|
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| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
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| CY2021Q1 | GWTI |
Payment For Subscription Receivables Warrants
PaymentForSubscriptionReceivablesWarrants
|
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| CY2021Q1 | us-gaap |
Liabilities Assumed1
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|
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