2022 Q4 Form 10-K Financial Statement

#000121390023022296 Filed on March 23, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $49.99K $78.95K $96.48K
YoY Change 176.49% -18.17% -56.68%
Cost Of Revenue $17.76K $27.39K $30.32K
YoY Change 184.16% -9.68% -74.42%
Gross Profit $32.23K $51.57K $66.16K
YoY Change 172.44% -22.06% -36.49%
Gross Profit Margin 64.47% 65.31% 68.57%
Selling, General & Admin $153.5K $317.4K $229.0K
YoY Change 353.05% 38.58% -40.2%
% of Gross Profit 476.39% 615.4% 346.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.37K
YoY Change
% of Gross Profit 179.12%
Operating Expenses $153.5K $317.3K $229.0K
YoY Change 353.19% 38.59% -40.2%
Operating Profit -$121.3K -$265.8K -$162.8K
YoY Change 450.16% 63.22% -41.59%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $110.00 $200.00 -$180.00
YoY Change -466.67% -211.11% 200.0%
Pretax Income -$121.2K -$265.6K -$163.0K
YoY Change 448.91% 62.91% -78.35%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$121.2K -$265.6K -$163.0K
YoY Change 448.91% 62.91% -70.27%
Net Earnings / Revenue -242.45% -336.38% -168.97%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$157.90
COMMON SHARES
Basic Shares Outstanding 1.032B shares 1.032B shares
Diluted Shares Outstanding 1.032B shares 1.032B shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.43K $11.43K $4.320K
YoY Change 164.58% -21.31%
Cash & Equivalents $11.43K $11.43K $4.320K
Short-Term Investments
Other Short-Term Assets $3.130K $3.130K $3.450K
YoY Change -9.28% 4.23%
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables $17.85K $29.61K
Total Short-Term Assets $32.40K $32.40K $37.38K
YoY Change -13.3% -13.32% -37.68%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $56.17K
YoY Change -100.0% -58.18%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $56.17K
YoY Change -100.0% -58.18%
TOTAL ASSETS
Total Short-Term Assets $32.40K $32.40K $37.38K
Total Long-Term Assets $0.00 $56.17K
Total Assets $32.40K $32.40K $93.55K
YoY Change -65.36% -65.37% -51.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.15K $16.15K $17.36K
YoY Change -6.95% -6.97% -2.85%
Accrued Expenses $285.1K $155.1K $224.4K
YoY Change 0.43% -30.89% 12.6%
Deferred Revenue $434.9K
YoY Change -7.82%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.005M $2.005M $1.903M
YoY Change 5.34% 5.34% 8.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.005M $2.005M $1.903M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $2.005M $1.790M $1.709M
YoY Change 5.34% 4.74% 7.48%
SHAREHOLDERS EQUITY
Retained Earnings -$19.89M
YoY Change 1.35%
Common Stock $1.032M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.757M -$1.757M -$1.615M
YoY Change
Total Liabilities & Shareholders Equity $32.40K $32.40K $93.55K
YoY Change -65.36% -65.37% -51.85%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$121.2K -$265.6K -$163.0K
YoY Change 448.91% 62.91% -70.27%
Depreciation, Depletion And Amortization $92.37K
YoY Change
Cash From Operating Activities -$187.9K -$292.3K -$141.1K
YoY Change 676.29% 107.1% 545.95%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
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 192.4K $196.5K 162.4K
YoY Change 344.01% 20.96% 362.18%
NET CHANGE
Cash From Operating Activities -187.9K -$292.3K -141.1K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 192.4K $196.5K 162.4K
Net Change In Cash 4.450K $7.105K $0.00
YoY Change -76.73%
FREE CASH FLOW
Cash From Operating Activities -$187.9K -$292.3K -$141.1K
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. Significant estimates include the allowance for doubtful accounts, impairment assessments of goodwill, valuation of deferred tax assets, rebilling collections and certain accrued liabilities such as contingent liabilities. As of December 31, 2022, the Company considered the economic implications of the COVID-19 pandemic on its significant judgments and estimates. Given the impact and other unforeseen effects on the global economy from the COVID-19 pandemic, these estimates required increased judgment, and actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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RetainedEarningAccumulatedDeficit
19886700 usd
CY2022Q4 hybt Working Capital Deficit
WorkingCapitalDeficit
1972606 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11428 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4323 usd
CY2022Q4 us-gaap Deposits
Deposits
13954 usd
CY2021Q4 us-gaap Deposits
Deposits
15603 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
3891 usd
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
14005 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
17845 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
29608 usd
CY2022 hybt Schedule Of Advances To Suppliers Table Text Black
ScheduleOfAdvancesToSuppliersTableTextBlack
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">As of <br/> December 31, <br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">As of<br/> December 31,<br/> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-bottom: 1.5pt">Purchases of scientific research equipment</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 9%; text-align: right">3,131</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 9%; text-align: right">3,446</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,131</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,446</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3131 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3446 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3131 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3446 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
56172 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
434890 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
471788 usd
CY2019Q4 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
5.5 cny
CY2019Q3 hybt Total Preordering Payment Amount
TotalPreorderingPaymentAmount
1.5 usd
CY2019Q3 hybt Total Preordering Payment Amount
TotalPreorderingPaymentAmount
1.5 usd
CY2022 us-gaap Line Of Credit Facility Periodic Payment
LineOfCreditFacilityPeriodicPayment
2.5 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
155078 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
166337 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
130003 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
117537 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
285081 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
283874 usd
CY2022Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
1268749 usd
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
1072293 usd
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
78593 usd
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
96478 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
usd
CY2022Q4 hybt Operating Lease Liability Current Portion
OperatingLeaseLiabilityCurrentPortion
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1032466000 shares
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
CY2022 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2022Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
usd
CY2021Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001086303

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