2023 Q2 Form 10-Q Financial Statement

#000121390023038835 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $10.12K $49.99K
YoY Change -33.15% 176.49%
Cost Of Revenue $3.011K $1.161K $17.76K
YoY Change -29.57% -79.01% 184.16%
Gross Profit -$3.011K $8.960K $32.23K
YoY Change -129.78% -6.76% 172.44%
Gross Profit Margin 88.53% 64.47%
Selling, General & Admin $157.5K $153.5K
YoY Change 166.31% 353.05%
% of Gross Profit 1757.48% 476.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.70K
YoY Change
% of Gross Profit 253.38%
Operating Expenses $146.3K $157.5K $153.5K
YoY Change 38.76% 166.26% 353.19%
Operating Profit -$149.3K -$148.5K -$121.3K
YoY Change 56.64% 199.83% 450.16%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $131.00 $110.00
YoY Change 555.0% -466.67%
Pretax Income -$138.4K -$148.4K -$121.2K
YoY Change 45.28% 199.63% 448.91%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$138.4K -$148.4K -$121.2K
YoY Change 45.28% 199.63% 448.91%
Net Earnings / Revenue -1466.03% -242.45%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 1.032B shares 1.032B shares
Diluted Shares Outstanding 415.6M shares 1.032B shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.21K $11.43K
YoY Change 624.81%
Cash & Equivalents $6.082K $29.21K $11.43K
Short-Term Investments
Other Short-Term Assets $3.140K $3.130K
YoY Change -7.92%
Inventory $367.00
Prepaid Expenses
Receivables
Other Receivables $23.02K $24.20K $17.85K
Total Short-Term Assets $32.45K $56.55K $32.40K
YoY Change -14.44% 66.48% -13.3%
LONG-TERM ASSETS
Property, Plant & Equipment $192.6K $0.00
YoY Change 447.07%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.50K $13.53K
YoY Change
Total Long-Term Assets $191.2K $206.1K
YoY Change 1333.72% 485.36%
TOTAL ASSETS
Total Short-Term Assets $32.45K $56.55K $32.40K
Total Long-Term Assets $191.2K $206.1K
Total Assets $223.6K $262.7K $32.40K
YoY Change 336.23% 279.67% -65.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.51K $16.21K $16.15K
YoY Change -6.47% -6.87% -6.95%
Accrued Expenses $126.2K $183.4K $285.1K
YoY Change -67.1% -13.03% 0.43%
Deferred Revenue $416.6K $438.0K $434.9K
YoY Change -7.02% -7.82%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.375M $2.276M $2.005M
YoY Change 22.46% 17.82% 5.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $112.2K
YoY Change
Total Long-Term Liabilities $92.64K $112.2K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.375M $2.276M $2.005M
Total Long-Term Liabilities $92.64K $112.2K
Total Liabilities $2.467M $2.389M $2.005M
YoY Change 27.24% 37.42% 5.34%
SHAREHOLDERS EQUITY
Retained Earnings -$20.23M -$20.04M -$19.89M
YoY Change 2.33% 1.35%
Common Stock $103.2K $1.032M $1.032M
YoY Change -90.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.012M -$1.857M -$1.757M
YoY Change
Total Liabilities & Shareholders Equity $223.6K $262.7K $32.40K
YoY Change 336.23% 279.67% -65.36%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$138.4K -$148.4K -$121.2K
YoY Change 45.28% 199.63% 448.91%
Depreciation, Depletion And Amortization $22.70K
YoY Change
Cash From Operating Activities -$292.5K -$187.9K
YoY Change -600.33% 676.29%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $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 $310.3K 192.4K
YoY Change -590.58% 344.01%
NET CHANGE
Cash From Operating Activities -$292.5K -187.9K
Cash From Investing Activities 0.000
Cash From Financing Activities $310.3K 192.4K
Net Change In Cash $17.78K 4.450K
YoY Change -471.23% -76.73%
FREE CASH FLOW
Cash From Operating Activities -$292.5K -$187.9K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-20035077 usd
CY2023Q1 hybt Working Capital Deficit
WorkingCapitalDeficit
2219843 usd
CY2023Q1 hybt Cash And Cash Equivalents
CashAndCashEquivalents
29210 usd
CY2022Q4 hybt Cash And Cash Equivalents
CashAndCashEquivalents
11428 usd
CY2023Q1 us-gaap Deposits
Deposits
1333 usd
CY2022Q4 us-gaap Deposits
Deposits
13954 usd
CY2023Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
22868 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
3891 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
24201 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
17845 usd
CY2023Q1 hybt Schedule Of Advances To Suppliers Table Text Black
ScheduleOfAdvancesToSuppliersTableTextBlack
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of <br/> March 31,<br/> 2023</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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of<br/> December 31,<br/> 2022</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="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">3,143</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">3,131</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="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">3,143</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">3,131</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3143 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3131 usd
CY2023Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3143 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3131 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
192574 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043 pure
CY2023Q1 hybt Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
47792 usd
CY2023Q1 hybt Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
63722 usd
CY2023Q1 hybt Operating Leases Future Minimum Payments Due In Three Year
OperatingLeasesFutureMinimumPaymentsDueInThreeYear
63722 usd
CY2023Q1 hybt Operating Leases Future Minimum Payments Due In Four Year
OperatingLeasesFutureMinimumPaymentsDueInFourYear
5310 usd
CY2023Q1 hybt Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
180546 usd
CY2023Q1 hybt Less Imputed Interest
LessImputedInterest
10667 usd
CY2023Q1 hybt Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
169879 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
438028 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
434890 usd
CY2019Q4 hybt Cash And Securitie Segregated Under Commodity Exchange Act Description
CashAndSecuritieSegregatedUnderCommodityExchangeActDescription
Pursuant to the Clinical Cooperation Agreement, Saikun agreed to pay JSEL 5.5 million RMB as the total preordering payment. 1.5 million RMB and 1.5 million RMB were delivered to JSEL respectively on September 7 and September 27, 2019. The parties are working on the timing for payment of the remaining 2.5 million RMB due under the Clinical Cooperation Agreement. In exchange, JSEL is obligated to purchase all the components of the Chamber from Kangzi, fully assemble it, and conduct a clinical trial with Saikun, third-party hospital partners, and patients using the Chamber. Specifically, after receiving the full amount of payment from Saikun, JSEL shall transport the Chamber to its preferred location, properly install it, and conduct a clinical trial that lasts at least one month.
CY2023Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
134697 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
155078 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
48670 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
130003 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
183367 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
285081 usd
CY2023Q1 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
1581133 usd
CY2022Q4 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
1268749 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
usd
CY2022Q4 hybt Operating Lease Liability Current Portion
OperatingLeaseLiabilityCurrentPortion
usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
usd
CY2023Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
usd
CY2022Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
usd
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1032466000 shares
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001086303

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f10q0323ex31-1_heyubiolog.htm Edgar Link pending
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hybt-20230331_cal.xml Edgar Link unprocessable
hybt-20230331_def.xml Edgar Link unprocessable
hybt-20230331_lab.xml Edgar Link unprocessable
hybt-20230331_pre.xml Edgar Link unprocessable
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