2021 Form 10-K Financial Statement
#000121390022016741 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $9.198M | $6.133M |
| YoY Change | 49.97% | 52.61% |
| Cost Of Revenue | $2.956M | $2.296M |
| YoY Change | 28.76% | 24.42% |
| Gross Profit | $6.242M | $3.838M |
| YoY Change | 62.66% | 76.54% |
| Gross Profit Margin | 67.86% | 62.57% |
| Selling, General & Admin | $8.045M | $5.645M |
| YoY Change | 42.52% | 6.31% |
| % of Gross Profit | 128.88% | 147.09% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $827.7K | $247.4K |
| YoY Change | 234.6% | 237.06% |
| % of Gross Profit | 13.26% | 6.45% |
| Operating Expenses | $11.29M | $6.909M |
| YoY Change | 63.34% | 28.36% |
| Operating Profit | -$5.043M | -$3.072M |
| YoY Change | 64.18% | -4.27% |
| Interest Expense | -$412.0K | -$629.2K |
| YoY Change | -34.51% | -42.27% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$19.14K | |
| YoY Change | ||
| Pretax Income | -$10.41M | -$5.755M |
| YoY Change | 80.92% | 4.1% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$10.41M | -$5.755M |
| YoY Change | 80.92% | 4.1% |
| Net Earnings / Revenue | -113.2% | -93.84% |
| Basic Earnings Per Share | -$0.05 | |
| Diluted Earnings Per Share | -$45.70K | -$40.30K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 224.7M shares | |
| Diluted Shares Outstanding | 224.7M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.292M | $162.2K |
| YoY Change | 1929.63% | 46.85% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $137.6K | $59.00K |
| YoY Change | 133.27% | -57.41% |
| Inventory | $134.9K | $95.20K |
| Prepaid Expenses | ||
| Receivables | $86.29K | $87.15K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.650M | $403.5K |
| YoY Change | 804.62% | 0.21% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $877.2K | $855.2K |
| YoY Change | 2.57% | 8.05% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $138.6K | $17.94K |
| YoY Change | 672.74% | 16.12% |
| Total Long-Term Assets | $7.044M | $7.623M |
| YoY Change | -7.59% | 255.57% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.650M | $403.5K |
| Total Long-Term Assets | $7.044M | $7.623M |
| Total Assets | $10.69M | $8.027M |
| YoY Change | 33.24% | 215.19% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $790.8K | $1.892M |
| YoY Change | -58.2% | 126.16% |
| Accrued Expenses | $289.0K | $150.3K |
| YoY Change | 92.33% | -23.75% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $1.336M |
| YoY Change | -100.0% | -51.92% |
| Long-Term Debt Due | $61.25K | $411.4K |
| YoY Change | -85.11% | 9083.71% |
| Total Short-Term Liabilities | $1.918M | $4.882M |
| YoY Change | -60.71% | -0.55% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $551.3K | $722.5K |
| YoY Change | -23.7% | 80.63% |
| Other Long-Term Liabilities | $1.021M | $1.072M |
| YoY Change | -4.74% | 1231.85% |
| Total Long-Term Liabilities | $1.573M | $1.795M |
| YoY Change | -12.37% | 273.52% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.918M | $4.882M |
| Total Long-Term Liabilities | $1.573M | $1.795M |
| Total Liabilities | $3.491M | $6.677M |
| YoY Change | -47.72% | 23.89% |
| 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 | $7.204M | $1.350M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $10.69M | $8.027M |
| YoY Change | 33.24% | 215.19% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Fair Value Of Warrants Issued In Connection With Conversion Of Convertible Notes Payable
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Accrued Liabilities Relieved Upon Cashless Exercise Of Warrants
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Proceeds From Related Party Loans
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Fair Value Of Liabilityclassified Equity Instruments Issued
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Fair Value Of Contingent Acquisition Consideration Issued
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Derivative Liabilities Written Off With Repayment Of Convertible Notes Payable
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Fair Value Of Warrants Beneficial Conversion Feature And Original Issue Discount
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Derivative Liabilities Written Off With Conversion Of Convertible Notes Payable
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Fair Value Of Marketable Securities Received
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1481105 | USD |
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