2021 Form 10-K Financial Statement
#000149315222008596 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.330M | $552.4K |
| YoY Change | 140.83% | -44.65% |
| Cost Of Revenue | $626.2K | $404.0K |
| YoY Change | 55.01% | -48.85% |
| Gross Profit | $704.0K | $148.4K |
| YoY Change | 374.45% | -28.76% |
| Gross Profit Margin | 52.92% | 26.86% |
| Selling, General & Admin | $1.493M | $1.447M |
| YoY Change | 3.13% | 6.6% |
| % of Gross Profit | 212.02% | 975.4% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $245.6K | $364.8K |
| YoY Change | -32.67% | -16.81% |
| % of Gross Profit | 34.89% | 245.86% |
| Operating Expenses | $1.738M | $1.812M |
| YoY Change | -4.08% | 0.88% |
| Operating Profit | -$1.034M | -$1.664M |
| YoY Change | -37.84% | 4.77% |
| Interest Expense | $12.66K | -$19.01K |
| YoY Change | -166.6% | -89.56% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | $164.7K |
| YoY Change | -100.0% | |
| Pretax Income | -$1.022M | -$4.037M |
| YoY Change | -74.7% | 60.48% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.022M | -$4.037M |
| YoY Change | -74.7% | 60.48% |
| Net Earnings / Revenue | -76.8% | -730.89% |
| Basic Earnings Per Share | -$0.11 | |
| Diluted Earnings Per Share | -$105.6K | -$581.8K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 9.672M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.895M | $1.243M |
| YoY Change | 293.91% | 1168.95% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $85.40K | $35.85K |
| YoY Change | 138.21% | -9.26% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $214.7K | $95.76K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $5.195M | $1.374M |
| YoY Change | 278.02% | 531.45% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.080M | $5.205M |
| YoY Change | -2.39% | -21.75% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $455.8K | $260.4K |
| YoY Change | 75.02% | 32.18% |
| Other Assets | $3.170K | $3.170K |
| YoY Change | 0.0% | 0.0% |
| Total Long-Term Assets | $5.539M | $5.468M |
| YoY Change | 1.3% | -20.19% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $5.195M | $1.374M |
| Total Long-Term Assets | $5.539M | $5.468M |
| Total Assets | $10.73M | $6.842M |
| YoY Change | 56.87% | -3.2% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $69.61K | $120.1K |
| YoY Change | -42.06% | -55.52% |
| Accrued Expenses | $72.35K | $111.5K |
| YoY Change | -35.12% | 13.4% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $142.0K | $231.7K |
| YoY Change | -38.72% | -76.02% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $280.0K | $171.8K |
| YoY Change | 62.96% | -34.83% |
| Total Long-Term Liabilities | $280.0K | $171.8K |
| YoY Change | 62.96% | -34.83% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $142.0K | $231.7K |
| Total Long-Term Liabilities | $280.0K | $171.8K |
| Total Liabilities | $421.9K | $403.5K |
| YoY Change | 4.58% | -67.19% |
| 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 | $10.31M | $6.439M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $10.73M | $6.842M |
| YoY Change | 56.87% | -3.2% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.022M | -$4.037M |
| YoY Change | -74.7% | 60.48% |
| Depreciation, Depletion And Amortization | $245.6K | $364.8K |
| YoY Change | -32.67% | -16.81% |
| Cash From Operating Activities | -$680.7K | -$864.8K |
| YoY Change | -21.29% | 19.28% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$42.81K | -$1.510M |
| YoY Change | -97.16% | 118.09% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$195.4K | -$61.91K |
| YoY Change | 215.57% | -68.58% |
| Cash From Investing Activities | -$238.2K | -$1.572M |
| YoY Change | -84.85% | 76.74% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $37.20K | |
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 4.571M | 3.581M |
| YoY Change | 27.63% | 274.39% |
| NET CHANGE | ||
| Cash From Operating Activities | -680.7K | -864.8K |
| Cash From Investing Activities | -238.2K | -1.572M |
| Cash From Financing Activities | 4.571M | 3.581M |
| Net Change In Cash | 3.652M | 1.145M |
| YoY Change | 219.05% | -274.01% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$680.7K | -$864.8K |
| Capital Expenditures | -$42.81K | -$1.510M |
| Free Cash Flow | -$637.9K | $645.1K |
| YoY Change | -198.88% | -2072.75% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
USD | |
| CY2021 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
USD | |
| CY2021Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
|
USD | |
| CY2021 | srt |
Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
|
USD | |
| CY2021 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
USD | |
| CY2020Q4 | srt |
Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
|
USD | |
| CY2020 | srt |
Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
|
USD | |
| CY2020 | srt |
Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
|
USD | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
254000 | shares |
| CY2020 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.46 | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
264000 | shares |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.70 | |
| CY2020Q4 | srt |
Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
|
1174132 | USD |
| CY2021 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
USD | |
| CY2021 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
USD | |
| CY2020 | HUSA |
Rounding Of Common Stock Due To Reverse Split
RoundingOfCommonStockDueToReverseSplit
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| CY2021 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
USD | |
| CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
USD | |
| CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | |
| CY2020 | us-gaap |
Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | us-gaap |
Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
|
USD | |
| CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
USD | |
| CY2021 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
USD | |
| CY2021 | HUSA |
Asset Retirement Obligation Additions From New Drilling
AssetRetirementObligationAdditionsFromNewDrilling
|
USD | |
| CY2021 | HUSA |
Asset Retirement Obligation Dispositions From Sales Of Oil And Gas Properties
AssetRetirementObligationDispositionsFromSalesOfOilAndGasProperties
|
USD | |
| CY2021 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
USD | |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
USD | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
| CY2020 | HUSA |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Grants In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionGrantsInPeriodExercisePrice
|
||
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
| CY2020 | HUSA |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Exercised In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionExercisedInPeriodExercisePrice
|
||
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
shares | |
| CY2020 | HUSA |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Forfeited Or Expired In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionForfeitedOrExpiredInPeriodExercisePrice
|
||
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
| CY2021 | HUSA |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Grants In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionGrantsInPeriodExercisePrice
|
||
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
| CY2021 | HUSA |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Exercised In Period Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionExercisedInPeriodExercisePrice
|
||
| CY2021 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
USD | |
| CY2020 | HUSA |
Income Tax Reconciliation Tax Adopotiob Eight Four Two
IncomeTaxReconciliationTaxAdopotiobEightFourTwo
|
USD | |
| CY2021 | HUSA |
Tax Provision
TaxProvision
|
USD | |
| CY2020 | HUSA |
Tax Provision
TaxProvision
|
USD | |
| CY2021 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
USD | |
| CY2020 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
|
USD |
