2022 Q4 Form 10-Q Financial Statement

#000182912622018008 Filed on October 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $15.00K $28.50K
YoY Change -47.37% 42.5%
Cost Of Revenue $1.480K
YoY Change
Gross Profit $27.02K
YoY Change
Gross Profit Margin 94.81%
Selling, General & Admin $104.9K $65.70K $247.2K
YoY Change -57.58% 26.95% 394.44%
% of Gross Profit 914.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.020K $2.350K
YoY Change
% of Gross Profit
Operating Expenses $104.9K $65.70K $247.2K
YoY Change -57.58% 26.95% 394.44%
Operating Profit -$65.70K -$220.2K
YoY Change -266.14%
Interest Expense -$197.3K -$9.546M
YoY Change -97.93% -183.16%
% of Operating Profit
Other Income/Expense, Net $318.1K
YoY Change -103.06%
Pretax Income -$287.1K $252.4K -$9.766M
YoY Change -97.06% -102.44% -185.22%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$287.1K $252.4K -$9.766M
YoY Change -97.06% -102.44% -185.22%
Net Earnings / Revenue -1914.2% -34268.14%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share -$0.01 $0.01 -$348.3K
COMMON SHARES
Basic Shares Outstanding 27.94M shares 27.94M shares
Diluted Shares Outstanding 27.99M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $521.9K $812.5K $2.328M
YoY Change -77.58% -89.83%
Cash & Equivalents $253.0K $324.5K $524.7K
Short-Term Investments $268.9K $488.0K $1.803M
Other Short-Term Assets $30.00K $30.00K
YoY Change
Inventory
Prepaid Expenses $0.00 $0.00
Receivables
Other Receivables $30.00K $30.00K
Total Short-Term Assets $557.0K $847.6K $2.333M
YoY Change -76.12% -89.41%
LONG-TERM ASSETS
Property, Plant & Equipment $113.1K $105.2K $14.43K
YoY Change 683.97% 544.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $268.9K $488.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $155.6K $147.7K $14.43K
YoY Change 978.58% 805.99%
TOTAL ASSETS
Total Short-Term Assets $557.0K $847.6K $2.333M
Total Long-Term Assets $155.6K $147.7K $14.43K
Total Assets $712.6K $995.3K $2.347M
YoY Change -69.64% -87.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.690K $3.360K $15.13K
YoY Change -35.96% -44.65%
Accrued Expenses $6.900K $7.530K $7.530K
YoY Change -8.37% 0.0%
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 $34.11K $28.40K $22.66K
YoY Change 50.51% 108.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $1.250K $6.900K
YoY Change -100.0% -85.76%
Total Long-Term Liabilities $0.00 $1.250K $6.900K
YoY Change -100.0% -85.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.11K $28.40K $22.66K
Total Long-Term Liabilities $0.00 $1.250K $6.900K
Total Liabilities $34.11K $29.65K $29.56K
YoY Change 15.38% 32.56%
SHAREHOLDERS EQUITY
Retained Earnings -$256.1K $31.01K $1.458M
YoY Change -117.57%
Common Stock $27.94K $27.94K $27.92K
YoY Change 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 5.100M shares 5.100M shares 5.100M shares
Shareholders Equity $678.5K $965.7K $2.318M
YoY Change
Total Liabilities & Shareholders Equity $712.6K $995.3K $2.347M
YoY Change -69.64% -87.59%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$287.1K $252.4K -$9.766M
YoY Change -97.06% -102.44% -185.22%
Depreciation, Depletion And Amortization $4.020K $2.350K
YoY Change
Cash From Operating Activities -$98.63K -$74.42K -$141.4K
YoY Change -30.24% 8.93% -571.27%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$139.9K $49.09K $140.3K
YoY Change -199.76% -1502.7%
Cash From Investing Activities -$139.9K $49.09K $140.3K
YoY Change -199.76% -1502.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 167.0K -98.75K 10.45K
YoY Change 1498.18% 556.58% -110.45%
NET CHANGE
Cash From Operating Activities -98.63K -74.42K -141.4K
Cash From Investing Activities -139.9K 49.09K 140.3K
Cash From Financing Activities 167.0K -98.75K 10.45K
Net Change In Cash -71.56K -124.1K 9.340K
YoY Change -866.17% 48.85% -111.68%
FREE CASH FLOW
Cash From Operating Activities -$98.63K -$74.42K -$141.4K
Capital Expenditures
Free Cash Flow
YoY Change

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HSTA Proceeds Provided By Used In Purchase Of Equipment Leased To Others
ProceedsProvidedByUsedInPurchaseOfEquipmentLeasedToOthers
68255 usd
HSTA Proceeds Provided By Used In Purchase Of Vending Machines
ProceedsProvidedByUsedInPurchaseOfVendingMachines
-98745 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26195 usd
HSTA Proceeds Used In Loan Receivable
ProceedsUsedInLoanReceivable
-15038 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-140805 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15038 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-200218 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-83354 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
524741 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
598764 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
324523 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
515410 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
0 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
0 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
8781 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7527 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7527 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1254 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q4 us-gaap Assets Net
AssetsNet
68255 usd
CY2021Q4 us-gaap Lease Incentive Receivable Current
LeaseIncentiveReceivableCurrent
90000 usd
CY2021Q4 HSTA Unearned Income On Lease Receivable
UnearnedIncomeOnLeaseReceivable
21745 usd
us-gaap Interest Income Other
InterestIncomeOther
4228 usd
us-gaap Interest Income Other
InterestIncomeOther
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_z2t0zldsaGt5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_863_zN74d0YRXIxb">Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The financial statements are prepared on the basis of accounting principles generally accepted in the United States of America, also referred to as U.S. GAAP. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the balance sheets and the income and expenses for the periods ended as stated in the statements of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
40767 usd
us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
265987 usd
HSTA Investment In Equities Cumulative Impairments
InvestmentInEquitiesCumulativeImpairments
0 usd
HSTA Investment In Equities Cumulative Adjustment
InvestmentInEquitiesCumulativeAdjustment
181248 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
488002 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
-1426787 usd
us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
-4086292 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
HSTA Computed Expected Tax Provision Benefit
ComputedExpectedTaxProvisionBenefit
-299625 usd
HSTA Computed Expected Tax Provision Benefit
ComputedExpectedTaxProvisionBenefit
-858121 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
299625 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-858121 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares

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