2024 Q2 Form 10-Q Financial Statement

#000182912624002685 Filed on April 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.241M $38.00K $500.00
YoY Change 4038.0% 7500.0%
Cost Of Revenue
YoY Change
Gross Profit $1.241M $38.00K $500.00
YoY Change 4038.0% 7500.0%
Gross Profit Margin 100.0% 100.0% 100.0%
Selling, General & Admin $91.58K $72.85K $127.3K
YoY Change 6.22% -42.79% -6.28%
% of Gross Profit 7.38% 191.71% 25466.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.210K $1.212K $6.777K
YoY Change -69.98% -82.12%
% of Gross Profit 0.1% 3.19% 1355.4%
Operating Expenses $91.58K $72.85K $127.3K
YoY Change 6.22% -42.79% -6.28%
Operating Profit $162.6K -$34.85K -$126.8K
YoY Change -389.34% -72.52% -6.65%
Interest Expense $1.581K $375.00
YoY Change -104.12%
% of Operating Profit 0.97%
Other Income/Expense, Net $23.47K $10.15K -$27.08K
YoY Change -137.49% -98.15%
Pretax Income $1.173M -$24.70K -$153.9K
YoY Change -1079.3% -83.95% -90.36%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings $1.173M -$24.70K -$153.9K
YoY Change -1079.3% -83.95% -90.36%
Net Earnings / Revenue 94.51% -65.0% -30782.6%
Basic Earnings Per Share $0.01 $0.00 -$0.01
Diluted Earnings Per Share $0.01 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 27.94M shares 27.94M shares 27.94M shares
Diluted Shares Outstanding 27.94M shares 27.94M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.338M $180.3K $391.8K
YoY Change 339.71% -53.99% -47.98%
Cash & Equivalents $61.44K $97.86K $188.8K
Short-Term Investments $1.277M $82.41K $203.0K
Other Short-Term Assets $0.00
YoY Change -100.0%
Inventory
Prepaid Expenses
Receivables $24.00K $8.000K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.362M $188.3K $391.8K
YoY Change 347.6% -51.95% -50.29%
LONG-TERM ASSETS
Property, Plant & Equipment $25.02K $26.23K $159.8K
YoY Change -75.39% -83.59% 1173.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.277M $82.41K $203.0K
YoY Change 734.08% -59.41%
Other Assets $0.00
YoY Change
Total Long-Term Assets $25.02K $26.23K $159.8K
YoY Change -75.39% -83.59% 155.52%
TOTAL ASSETS
Total Short-Term Assets $1.362M $188.3K $391.8K
Total Long-Term Assets $25.02K $26.23K $159.8K
Total Assets $1.387M $214.5K $551.6K
YoY Change 241.69% -61.11% -35.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.98K $10.69K $21.97K
YoY Change 152.44% -51.34% -7.26%
Accrued Expenses $5.020K
YoY Change -33.33%
Deferred Revenue
YoY Change
Short-Term Debt $53.93K $50.38K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.91K $61.07K $26.98K
YoY Change 467.08% 126.31% -46.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.91K $61.07K $26.98K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $82.91K $61.07K $26.98K
YoY Change 467.08% 126.31% -51.43%
SHAREHOLDERS EQUITY
Retained Earnings $369.8K -$781.2K -$410.0K
YoY Change -168.07% 90.53%
Common Stock $27.94K $27.94K $27.94K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.304M $153.4K $524.6K
YoY Change
Total Liabilities & Shareholders Equity $1.387M $214.5K $551.6K
YoY Change 241.69% -61.11% -35.16%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $1.173M -$24.70K -$153.9K
YoY Change -1079.3% -83.95% -90.36%
Depreciation, Depletion And Amortization $1.210K $1.212K $6.777K
YoY Change -69.98% -82.12%
Cash From Operating Activities $1.164M -$46.03K -$91.43K
YoY Change -1382.01% -49.65% 33.37%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.204M $0.00 -$155.7K
YoY Change -2359.57% -100.0% -360.39%
Cash From Investing Activities -$1.204M $27.23K
YoY Change -2359.57% -54.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.930K $50.00K
YoY Change
NET CHANGE
Cash From Operating Activities 1.164M -$46.03K -$91.43K
Cash From Investing Activities -1.204M $27.23K
Cash From Financing Activities 3.930K $50.00K
Net Change In Cash -36.42K $3.966K -$64.20K
YoY Change -2.83% -106.18% 26.33%
FREE CASH FLOW
Cash From Operating Activities $1.164M -$46.03K -$91.43K
Capital Expenditures
Free Cash Flow
YoY Change

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