2023 Q1 Form 10-K Financial Statement
#000182912623001689 Filed on February 24, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $500.00 | $15.00K | $15.00K |
YoY Change | -47.37% | -47.37% | |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | $500.00 | $15.00K | |
YoY Change | -44.49% | ||
Gross Profit Margin | 100.0% | 100.0% | |
Selling, General & Admin | $127.3K | $104.9K | $363.3K |
YoY Change | -6.28% | -57.58% | 46.94% |
% of Gross Profit | 25466.2% | 2421.79% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.777K | $4.020K | $6.367K |
YoY Change | |||
% of Gross Profit | 1355.4% | 42.45% | |
Operating Expenses | $127.3K | $104.9K | $363.3K |
YoY Change | -6.28% | -57.58% | 46.94% |
Operating Profit | -$126.8K | -$348.3K | |
YoY Change | -6.65% | 58.16% | |
Interest Expense | -$197.3K | -$1.366M | |
YoY Change | -97.93% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$27.08K | -$1.366M | |
YoY Change | -98.15% | -85.69% | |
Pretax Income | -$153.9K | -$287.1K | -$1.714M |
YoY Change | -90.36% | -97.06% | -82.45% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$153.9K | -$287.1K | -$1.714M |
YoY Change | -90.36% | -97.06% | -82.45% |
Net Earnings / Revenue | -30782.6% | -1914.2% | -11426.14% |
Basic Earnings Per Share | -$0.01 | -$0.06 | |
Diluted Earnings Per Share | -$0.01 | -$0.01 | -$0.06 |
COMMON SHARES | |||
Basic Shares Outstanding | 27.94M shares | 27.94M shares | |
Diluted Shares Outstanding | 27.94M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $391.8K | $521.9K | $521.9K |
YoY Change | -47.98% | -77.58% | -77.58% |
Cash & Equivalents | $188.8K | $253.0K | $253.0K |
Short-Term Investments | $203.0K | $268.9K | $268.9K |
Other Short-Term Assets | $0.00 | $30.00K | $30.00K |
YoY Change | -100.0% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $30.00K | ||
Total Short-Term Assets | $391.8K | $557.0K | $557.0K |
YoY Change | -50.29% | -76.12% | -76.12% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $159.8K | $113.1K | $113.1K |
YoY Change | 1173.35% | 683.97% | 683.78% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $203.0K | $268.9K | |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $159.8K | $155.6K | $155.6K |
YoY Change | 155.52% | 978.58% | 978.31% |
TOTAL ASSETS | |||
Total Short-Term Assets | $391.8K | $557.0K | $557.0K |
Total Long-Term Assets | $159.8K | $155.6K | $155.6K |
Total Assets | $551.6K | $712.6K | $712.6K |
YoY Change | -35.16% | -69.64% | -69.64% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $21.97K | $9.690K | $9.690K |
YoY Change | -7.26% | -35.96% | -35.96% |
Accrued Expenses | $5.020K | $6.900K | $6.900K |
YoY Change | -33.33% | -8.37% | -8.37% |
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 | $26.98K | $34.11K | $34.11K |
YoY Change | -46.61% | 50.51% | 50.53% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $26.98K | $34.11K | $34.11K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $26.98K | $34.11K | $34.11K |
YoY Change | -51.43% | 15.38% | 15.39% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$410.0K | -$256.1K | |
YoY Change | -117.57% | ||
Common Stock | $27.94K | $27.94K | |
YoY Change | 0.08% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | 5.100M shares | ||
Shareholders Equity | $524.6K | $678.5K | $678.5K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $551.6K | $712.6K | $712.6K |
YoY Change | -35.16% | -69.64% | -69.64% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$153.9K | -$287.1K | -$1.714M |
YoY Change | -90.36% | -97.06% | -82.45% |
Depreciation, Depletion And Amortization | $6.777K | $4.020K | $6.367K |
YoY Change | |||
Cash From Operating Activities | -$91.43K | -$98.63K | -$341.0K |
YoY Change | 33.37% | -30.24% | 62.59% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$155.7K | -$139.9K | $42.98K |
YoY Change | -360.39% | -199.76% | -69.36% |
Cash From Investing Activities | $27.23K | -$139.9K | $42.98K |
YoY Change | -54.47% | -199.76% | -69.36% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $26.20K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 167.0K | $26.20K | |
YoY Change | 1498.18% | -670.7% | |
NET CHANGE | |||
Cash From Operating Activities | -$91.43K | -98.63K | -$341.0K |
Cash From Investing Activities | $27.23K | -139.9K | $42.98K |
Cash From Financing Activities | 167.0K | $26.20K | |
Net Change In Cash | -$64.20K | -71.56K | -$271.8K |
YoY Change | 26.33% | -866.17% | 267.18% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$91.43K | -$98.63K | -$341.0K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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48750 | usd |
CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
12360 | usd |
CY2022 | us-gaap |
Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
|
223795 | usd |
CY2021 | us-gaap |
Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
|
140268 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-1534090 | usd |
CY2021 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-9687011 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-17225 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
320 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-9673 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2069 | usd |
CY2022 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
1372964 | usd |
CY2021 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
9556714 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-340957 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-209703 | usd |
CY2022 | HSTA |
Proceeds Provided By Used In Purchase Of Equipment Leased To Others
ProceedsProvidedByUsedInPurchaseOfEquipmentLeasedToOthers
|
68255 | usd |
CY2022 | HSTA |
Proceeds Provided By Used In Purchase Of Vending Machines
ProceedsProvidedByUsedInPurchaseOfVendingMachines
|
-112563 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
223795 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
140268 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
42977 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
140268 | usd |
CY2021 | HSTA |
Proceeds Used In Loan Receivable
ProceedsUsedInLoanReceivable
|
-4589 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
26195 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
26195 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4589 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-271785 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-74024 | 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
|
598765 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
252956 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
524741 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-256123 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
6900 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
6900 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
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 |
CY2022 | us-gaap |
Interest Income Other
InterestIncomeOther
|
4228 | usd |
CY2021 | us-gaap |
Interest Income Other
InterestIncomeOther
|
0 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84E_eus-gaap--UseOfEstimates_zivFzD8E1Zc9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86C_zoZAYWKz1Ka7">Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; 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: 0; 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
|
60626 | usd |
CY2022 | us-gaap |
Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
|
-1594716 | usd |
CY2022 | HSTA |
Investment In Equities Cumulative Impairments
InvestmentInEquitiesCumulativeImpairments
|
0 | usd |
CY2022 | HSTA |
Investment In Equities Cumulative Adjustment
InvestmentInEquitiesCumulativeAdjustment
|
1802988 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
268898 | usd |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2022 | 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 |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | 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 |
CY2022 | 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 |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
-1713921 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
-9766417 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | HSTA |
Computed Expected Tax Provision Benefit
ComputedExpectedTaxProvisionBenefit
|
-359923 | usd |
CY2021 | HSTA |
Computed Expected Tax Provision Benefit
ComputedExpectedTaxProvisionBenefit
|
-2050947 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
359923 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
2050947 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-0 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-0 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |