2021 Q4 Form 10-K Financial Statement
#000121390022015909 Filed on March 30, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $1.244M | $5.787M | $540.0K |
| YoY Change | 130.4% | 46.13% | -80.43% |
| % of Gross Profit | |||
| Research & Development | $1.957M | $7.529M | $190.0K |
| YoY Change | 929.74% | 160.54% | -81.73% |
| % of Gross Profit | |||
| Depreciation & Amortization | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $3.380M | $14.10M | $800.0K |
| YoY Change | 322.52% | 93.17% | -79.59% |
| Operating Profit | -$14.10M | ||
| YoY Change | |||
| Interest Expense | $0.00 | ||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | -$99.98K | -$212.3K | $50.00K |
| YoY Change | -299.96% | -312.27% | 400.0% |
| Pretax Income | -$3.480M | -$14.31M | -$760.0K |
| YoY Change | 357.91% | 98.8% | -80.56% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$3.480M | -$14.31M | -$760.0K |
| YoY Change | 357.91% | 98.8% | -80.56% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$16.02 | ||
| Diluted Earnings Per Share | -$145.0K | -$641.0K | -$56.51K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 893.2K shares | ||
| Diluted Shares Outstanding | 893.2K shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $10.43M | $10.43M | $4.690M |
| YoY Change | 122.41% | 122.41% | 88.35% |
| Cash & Equivalents | $8.538M | $2.630M | |
| Short-Term Investments | $1.893M | $1.893M | $2.060M |
| Other Short-Term Assets | $93.97K | $93.97K | $90.00K |
| YoY Change | 4.41% | 4.41% | -35.71% |
| Inventory | |||
| Prepaid Expenses | $93.97K | ||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $10.58M | $10.58M | $4.780M |
| YoY Change | 121.24% | 121.24% | 81.06% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $0.00 | ||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $410.0K | $410.0K | $410.0K |
| YoY Change | 0.0% | 0.0% | |
| Other Assets | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Long-Term Assets | $410.0K | $410.0K | $460.0K |
| YoY Change | -10.87% | -10.87% | 130.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $10.58M | $10.58M | $4.780M |
| Total Long-Term Assets | $410.0K | $410.0K | $460.0K |
| Total Assets | $10.99M | $10.99M | $5.240M |
| YoY Change | 109.64% | 109.64% | 84.51% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $361.0K | $361.0K | $130.0K |
| YoY Change | 177.66% | 177.66% | -67.5% |
| Accrued Expenses | $426.8K | $506.8K | $180.0K |
| YoY Change | 137.12% | 181.57% | 350.0% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $867.8K | $867.8K | $310.0K |
| YoY Change | 179.93% | 179.93% | -29.55% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $235.0K | $235.0K | $290.0K |
| YoY Change | -18.97% | -18.97% | |
| Total Long-Term Liabilities | $235.0K | $235.0K | $290.0K |
| YoY Change | -18.97% | -18.97% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $867.8K | $867.8K | $310.0K |
| Total Long-Term Liabilities | $235.0K | $235.0K | $290.0K |
| Total Liabilities | $1.103M | $1.103M | $600.0K |
| YoY Change | 83.8% | 83.8% | 36.36% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$33.73M | ||
| YoY Change | |||
| Common Stock | $2.398K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $9.882M | $9.882M | $4.646M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $10.99M | $10.99M | $5.240M |
| YoY Change | 109.64% | 109.64% | 84.51% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$3.480M | -$14.31M | -$760.0K |
| YoY Change | 357.91% | 98.8% | -80.56% |
| Depreciation, Depletion And Amortization | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cash From Operating Activities | -$3.902M | -$12.09M | -$650.0K |
| YoY Change | 500.34% | 97.23% | -56.67% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$17.47K | -$117.0K | -$60.00K |
| YoY Change | -70.88% | -31.19% | 100.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$10.00 | -$48.39K | -$760.0K |
| YoY Change | -100.0% | -97.1% | |
| Cash From Investing Activities | -$17.48K | -$165.4K | -$820.0K |
| YoY Change | -97.87% | -91.01% | 2633.33% |
| 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 | 0.000 | 18.19M | 0.000 |
| YoY Change | 108.42% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -3.902M | -12.09M | -650.0K |
| Cash From Investing Activities | -17.48K | -165.4K | -820.0K |
| Cash From Financing Activities | 0.000 | 18.19M | 0.000 |
| Net Change In Cash | -3.920M | 5.939M | -1.470M |
| YoY Change | 166.64% | 681.47% | -3.92% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$3.902M | -$12.09M | -$650.0K |
| Capital Expenditures | -$17.47K | -$117.0K | -$60.00K |
| Free Cash Flow | -$3.885M | -$11.97M | -$590.0K |
| YoY Change | 558.43% | 100.89% | -59.86% |
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