2022 Q3 Form 10-Q Financial Statement
#000084485622000031 Filed on August 01, 2022
Income Statement
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| Revenue | $5.777M | $6.132M | $5.049M |
| YoY Change | 76.68% | 81.11% | 45.67% |
| Cost Of Revenue | $3.910M | $3.801M | $3.076M |
| YoY Change | 106.52% | 97.75% | 55.75% |
| Gross Profit | $1.867M | $2.331M | $1.973M |
| YoY Change | 35.65% | 59.25% | 32.32% |
| Gross Profit Margin | 32.32% | 38.01% | 39.07% |
| Selling, General & Admin | $3.985M | $3.699M | $3.327M |
| YoY Change | 64.19% | 72.13% | 64.49% |
| % of Gross Profit | 213.45% | 158.71% | 168.69% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $64.99K | $63.66K | $193.3K |
| YoY Change | -44.91% | 127.74% | 41.52% |
| % of Gross Profit | 3.48% | 2.73% | 9.8% |
| Operating Expenses | $3.985M | $3.699M | $3.327M |
| YoY Change | 64.19% | 72.13% | 64.49% |
| Operating Profit | -$2.118M | -$1.368M | -$1.355M |
| YoY Change | 101.57% | 99.64% | 154.6% |
| Interest Expense | $38.89K | $16.71K | $20.11K |
| YoY Change | 3868.37% | -183.01% | -142.98% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $43.22K | $22.89K | $36.99K |
| YoY Change | -97.35% | -122.54% | |
| Pretax Income | -$2.075M | -$1.346M | -$1.318M |
| YoY Change | 97.65% | -848.88% | 89.29% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$2.075M | -$1.346M | -$1.318M |
| YoY Change | 97.65% | -848.9% | 89.29% |
| Net Earnings / Revenue | -35.92% | -21.94% | -26.1% |
| Basic Earnings Per Share | $0.00 | $0.00 | $0.00 |
| Diluted Earnings Per Share | -$6.11 | $0.00 | $0.00 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 339.7B | 339.7B | 339.7B |
| Diluted Shares Outstanding | 339.7B | 339.7B | 339.7B |
Balance Sheet
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $30.01M | $19.35M | $20.61M |
| YoY Change | 6.39% | -34.12% | 284.24% |
| Cash & Equivalents | $30.01M | $19.32M | $20.59M |
| Short-Term Investments | $17.14K | $28.46K | $26.66K |
| Other Short-Term Assets | $4.093M | $244.2K | $298.8K |
| YoY Change | 1274.33% | -9.06% | 25.62% |
| Inventory | $2.402M | $2.441M | $2.370M |
| Prepaid Expenses | |||
| Receivables | $53.44K | $30.64K | $37.51K |
| Other Receivables | $205.3K | $220.8K | $234.2K |
| Total Short-Term Assets | $34.10M | $22.29M | $23.56M |
| YoY Change | 11.79% | -29.47% | 220.03% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.528M | $1.555M | $6.696M |
| YoY Change | -60.54% | -61.32% | 2902.85% |
| Goodwill | $2.657M | $2.657M | |
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $11.37M | $119.4K | $112.9K |
| YoY Change | 13205.26% | 38.91% | 27.41% |
| Total Long-Term Assets | $11.37M | $11.54M | $11.88M |
| YoY Change | 86.09% | 81.75% | 79.31% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $34.10M | $22.29M | $23.56M |
| Total Long-Term Assets | $11.37M | $11.54M | $11.88M |
| Total Assets | $45.47M | $33.83M | $35.43M |
| YoY Change | 24.19% | -10.86% | 153.37% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.203M | $2.171M | $2.059M |
| YoY Change | 191.99% | 10.48% | 152.97% |
| Accrued Expenses | $534.5K | $563.3K | $607.1K |
| YoY Change | 14.04% | 19.41% | 25.57% |
| Deferred Revenue | $57.28K | $56.11K | |
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $454.7K | $455.4K | $455.9K |
| YoY Change | 60.92% | 61.17% | -45.87% |
| Total Short-Term Liabilities | $4.250M | $3.246M | $3.366M |
| YoY Change | 127.33% | 18.53% | 55.98% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $140.00 |
| YoY Change | -100.0% | -100.0% | -99.98% |
| Other Long-Term Liabilities | $3.886M | $4.016M | $4.153M |
| YoY Change | 40.17% | 39.11% | 38.37% |
| Total Long-Term Liabilities | $3.886M | $4.016M | $4.153M |
| YoY Change | 27.78% | 24.48% | 9.88% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.250M | $3.246M | $3.366M |
| Total Long-Term Liabilities | $3.886M | $4.016M | $4.153M |
| Total Liabilities | $8.135M | $7.262M | $7.519M |
| YoY Change | 65.68% | 21.75% | 26.63% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$41.13M | -$39.06M | |
| YoY Change | |||
| Common Stock | $33.97M | $33.97M | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $37.34M | $26.57M | $27.92M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $45.47M | $33.83M | $35.43M |
| YoY Change | 24.19% | -10.86% | 153.37% |
Cashflow Statement
| Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.075M | -$1.346M | -$1.318M |
| YoY Change | 97.65% | -848.9% | 89.29% |
| Depreciation, Depletion And Amortization | $64.99K | $63.66K | $193.3K |
| YoY Change | -44.91% | 127.74% | 41.52% |
| Cash From Operating Activities | -$805.3K | -$1.191M | -$679.6K |
| YoY Change | 34.07% | 51.34% | 3.54% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$38.71K | -$85.85K | -$127.3K |
| YoY Change | 61.49% | 672.73% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $15.53K | $13.35K | -$5.136M |
| YoY Change | 18.28% | -8.06% | -39069.88% |
| Cash From Investing Activities | -$23.18K | -$72.51K | -$5.264M |
| YoY Change | 113.84% | -2226.39% | 29675.98% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 12.84M | -650.0 | 34.56K |
| YoY Change | -2413.53% | -100.0% | -98.87% |
| NET CHANGE | |||
| Cash From Operating Activities | -805.3K | -1.191M | -679.6K |
| Cash From Investing Activities | -23.18K | -72.51K | -5.264M |
| Cash From Financing Activities | 12.84M | -650.0 | 34.56K |
| Net Change In Cash | 12.01M | -1.264M | -5.909M |
| YoY Change | -1129.69% | -105.26% | -347.15% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$805.3K | -$1.191M | -$679.6K |
| Capital Expenditures | -$38.71K | -$85.85K | -$127.3K |
| Free Cash Flow | -$766.5K | -$1.105M | -$552.4K |
| YoY Change | 32.93% | 42.44% | -15.85% |
Facts In Submission
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