2022 Q1 Form 10-Q Financial Statement

#000182912622011130 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $13.43M $42.70M
YoY Change -68.55%
Gross Profit $10.79M $63.40M
YoY Change -82.99%
Gross Profit Margin
Selling, General & Admin $684.6K $3.600M
YoY Change -80.98%
% of Gross Profit 6.35% 5.68%
Research & Development $6.553M $38.90M
YoY Change -83.15%
% of Gross Profit 60.75% 61.36%
Depreciation & Amortization $1.700M $1.700M
YoY Change 0.0%
% of Gross Profit 15.76% 2.68%
Operating Expenses $258.4K $56.78K
YoY Change 355.14% 62988.89%
Operating Profit $3.276M $63.34M
YoY Change -94.83%
Interest Expense $990.00 -$100.0K
YoY Change -100.99%
% of Operating Profit 0.03% -0.16%
Other Income/Expense, Net -$52.41K
YoY Change
Pretax Income -$309.9K -$56.78K
YoY Change 445.7% 62988.89%
Income Tax
% Of Pretax Income
Net Earnings -$309.8K -$56.78K
YoY Change 445.71% 62987.78%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$41.55K -$7.613K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.07K $2.830K
YoY Change 927.21%
Cash & Equivalents $6.915M
Short-Term Investments $10.00M
Other Short-Term Assets $45.17K $30.57K
YoY Change 47.76%
Inventory $1.800M
Prepaid Expenses
Receivables $100.1M
Other Receivables $10.30M
Total Short-Term Assets $74.24K $33.40K
YoY Change 122.28%
LONG-TERM ASSETS
Property, Plant & Equipment $5.500M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $58.08M
YoY Change
Other Assets $500.0K $30.00K
YoY Change 1566.67%
Total Long-Term Assets $58.08M $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $74.24K $33.40K
Total Long-Term Assets $58.08M $0.00
Total Assets $58.16M $33.40K
YoY Change 174019.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.70M
YoY Change
Accrued Expenses $18.50K $15.93K
YoY Change 16.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $50.00K
YoY Change -100.0%
Long-Term Debt Due $500.0K
YoY Change
Total Short-Term Liabilities $394.3K $104.9K
YoY Change 276.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.130M
YoY Change
Total Long-Term Liabilities $2.130M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $394.3K $104.9K
Total Long-Term Liabilities $2.130M $0.00
Total Liabilities $2.524M $104.9K
YoY Change 2307.42%
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 -$2.450M -$71.45K
YoY Change
Total Liabilities & Shareholders Equity $58.16M $33.40K
YoY Change 174019.88%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$309.8K -$56.78K
YoY Change 445.71% 62987.78%
Depreciation, Depletion And Amortization $1.700M $1.700M
YoY Change 0.0%
Cash From Operating Activities -$229.9K -$42.33K
YoY Change 443.21% 46933.33%
INVESTING ACTIVITIES
Capital Expenditures $706.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$990.00
YoY Change
Cash From Investing Activities -$990.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 211.1K 27.14K
YoY Change 677.63%
NET CHANGE
Cash From Operating Activities -229.9K -42.33K
Cash From Investing Activities -990.0
Cash From Financing Activities 211.1K 27.14K
Net Change In Cash -19.88K $0.00
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$229.9K -$42.33K
Capital Expenditures $706.00 $0.00
Free Cash Flow -$230.6K -$42.33K
YoY Change 444.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 GPCO Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
USD
CY2021Q1 us-gaap Dividend Income Operating
DividendIncomeOperating
USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
USD
CY2021Q1 GPCO Basic And Diluted Weighted Average Shares Outstanding Ordinary Shares Subject To Possible Redemption
BasicAndDilutedWeightedAverageSharesOutstandingOrdinarySharesSubjectToPossibleRedemption
shares
CY2021Q1 GPCO Basic And Diluted Net Loss Per Share Ordinary Shares Subject To Possible Redemption
BasicAndDilutedNetLossPerShareOrdinarySharesSubjectToPossibleRedemption
CY2021Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
USD
CY2021Q1 GPCO Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2021Q1 GPCO Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
USD
CY2021Q1 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
USD
CY2021Q1 GPCO Accretion Of Carrying Value To Redemption Values
AccretionOfCarryingValueToRedemptionValues
USD
CY2022Q1 us-gaap Available For Sale Equity Securities Gross Unrealized Gain
AvailableForSaleEquitySecuritiesGrossUnrealizedGain
USD
CY2021 us-gaap Available For Sale Equity Securities Gross Unrealized Gain
AvailableForSaleEquitySecuritiesGrossUnrealizedGain
USD

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