2021 Form 10-K Financial Statement
#000149315222008359 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.193M | $855.4K |
| YoY Change | 39.45% | 93.1% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $336.0K | $409.2K |
| YoY Change | -17.87% | -47.59% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $117.7K | $100.0K |
| YoY Change | 17.61% | 102.12% |
| % of Gross Profit | ||
| Operating Expenses | $525.4K | $600.7K |
| YoY Change | -12.54% | -30.86% |
| Operating Profit | $667.4K | |
| YoY Change | ||
| Interest Expense | -$648.5K | -$450.1K |
| YoY Change | 44.08% | 111.72% |
| % of Operating Profit | -97.17% | |
| Other Income/Expense, Net | $23.97K | $16.62K |
| YoY Change | 44.22% | -72.83% |
| Pretax Income | $42.86K | -$178.8K |
| YoY Change | -123.97% | -69.03% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $42.86K | -$178.8K |
| YoY Change | -123.97% | -69.03% |
| Net Earnings / Revenue | 3.59% | -20.9% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $1.603K | -$6.815K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 26.24M shares | |
| Diluted Shares Outstanding | 26.74M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $210.3K | $151.3K |
| YoY Change | 39.06% | -0.61% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $0.00 | $3.870K |
| YoY Change | -100.0% | -55.77% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $210.3K | $155.1K |
| YoY Change | 35.59% | -3.61% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $13.90M | $9.348M |
| YoY Change | 48.7% | 26.55% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | $18.03K |
| YoY Change | -100.0% | 461.68% |
| Total Long-Term Assets | $13.90M | $9.366M |
| YoY Change | 48.41% | 26.74% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $210.3K | $155.1K |
| Total Long-Term Assets | $13.90M | $9.366M |
| Total Assets | $14.11M | $9.521M |
| YoY Change | 48.21% | 26.09% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.370K | $8.180K |
| YoY Change | -71.03% | 106.05% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $6.419M | $768.3K |
| YoY Change | 735.5% | 2.49% |
| Long-Term Debt Due | $1.602M | |
| YoY Change | 1562.73% | |
| Total Short-Term Liabilities | $7.095M | $3.016M |
| YoY Change | 135.23% | 115.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $7.840M | $7.405M |
| YoY Change | 5.87% | 7.25% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $7.840M | $7.405M |
| YoY Change | 5.87% | 7.25% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $7.095M | $3.016M |
| Total Long-Term Liabilities | $7.840M | $7.405M |
| Total Liabilities | $14.93M | $10.42M |
| YoY Change | 43.31% | 25.45% |
| 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 | -$824.5K | -$900.6K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $14.11M | $9.521M |
| YoY Change | 48.21% | 26.09% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $42.86K | -$178.8K |
| YoY Change | -123.97% | -69.03% |
| Depreciation, Depletion And Amortization | $117.7K | $100.0K |
| YoY Change | 17.61% | 102.12% |
| Cash From Operating Activities | $280.8K | $53.85K |
| YoY Change | 421.49% | -175.8% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$487.9K | -$256.9K |
| YoY Change | 89.94% | 277.95% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$487.9K | -$256.9K |
| YoY Change | 89.94% | 277.95% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 266.2K | 202.1K |
| YoY Change | 31.7% | -29.21% |
| NET CHANGE | ||
| Cash From Operating Activities | 280.8K | 53.85K |
| Cash From Investing Activities | -487.9K | -256.9K |
| Cash From Financing Activities | 266.2K | 202.1K |
| Net Change In Cash | 59.07K | -930.0 |
| YoY Change | -6451.61% | -100.63% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $280.8K | $53.85K |
| Capital Expenditures | -$487.9K | -$256.9K |
| Free Cash Flow | $768.8K | $310.7K |
| YoY Change | 147.39% | -10221.82% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Escrow Deposit
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|
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| CY2021Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
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|
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| CY2020Q4 | us-gaap |
Other Loans Payable
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|
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| CY2020 | us-gaap |
Labor And Related Expense
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|
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| CY2020 | HBUV |
Taxes And Licenses Expenses
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|
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| CY2021 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
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|
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| CY2020 | HBUV |
Gain Loss On Economic Diasaster Injury Loan And Forgiveness
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|
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| CY2020 | us-gaap |
Repayments Of Related Party Debt
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|
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Proceeds From Issuance Or Sale Of Equity
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|
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| CY2021 | us-gaap |
Income Tax Expense Benefit
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|
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| CY2020 | us-gaap |
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|
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| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
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|
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| CY2020Q4 | us-gaap |
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|
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