2021 Q3 Form 10-Q Financial Statement
#000121390021058754 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| Revenue | $11.37M | $0.00 | $5.895M |
| YoY Change | 92.83% | -100.0% | -21.5% |
| Cost Of Revenue | $8.660M | $4.954M | $4.687M |
| YoY Change | 84.78% | 12285.73% | -23.92% |
| Gross Profit | $2.708M | $4.955M | $1.209M |
| YoY Change | 124.07% | -389.76% | -10.47% |
| Gross Profit Margin | 23.82% | 20.5% | |
| Selling, General & Admin | $3.665M | $6.188M | $1.850M |
| YoY Change | 98.09% | -4859.89% | -22.92% |
| % of Gross Profit | 135.31% | 124.88% | 153.06% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $182.6K | -$83.05K | $292.3K |
| YoY Change | -37.53% | -65.4% | 192.3% |
| % of Gross Profit | 6.74% | -1.68% | 24.18% |
| Operating Expenses | $3.843M | $6.188M | $1.948M |
| YoY Change | 97.27% | -1818.85% | -21.77% |
| Operating Profit | -$1.134M | -$1.233M | -$739.3K |
| YoY Change | 53.45% | -8.67% | -35.15% |
| Interest Expense | -$8.448M | -$167.5K | -$436.3K |
| YoY Change | 1836.16% | -76.41% | -645.39% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $661.0K | $26.35K | |
| YoY Change | |||
| Pretax Income | -$9.199M | $4.030M | -$8.890M |
| YoY Change | 3.47% | -294.69% | 599.98% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | -$9.313M | -$3.250M | -$8.903M |
| YoY Change | 4.6% | 3.83% | 405.86% |
| Net Earnings / Revenue | -81.92% | -151.02% | |
| Basic Earnings Per Share | -$0.30 | ||
| Diluted Earnings Per Share | -$306.0K | -$0.29 | -$1.819M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 30.43M shares | ||
| Diluted Shares Outstanding | 30.43M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.265M | $184.7K | $653.1K |
| YoY Change | 246.74% | -60.71% | 151.2% |
| Cash & Equivalents | $1.202M | $184.7K | |
| Short-Term Investments | |||
| Other Short-Term Assets | $430.0K | $1.633M | $10.94K |
| YoY Change | 3830.07% | 716.67% | -99.21% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $8.146M | $1.117M | $3.932M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $10.84M | $2.935M | $4.596M |
| YoY Change | 135.87% | -53.41% | -40.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $612.7K | $639.8K | $192.8K |
| YoY Change | 217.76% | 146.08% | -37.8% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.071M | $21.64K | |
| YoY Change | 4847.97% | -27.87% | |
| Total Long-Term Assets | $26.72M | $4.724M | $1.718M |
| YoY Change | 1454.94% | -19.53% | -74.05% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $10.84M | $2.935M | $4.596M |
| Total Long-Term Assets | $26.72M | $4.724M | $1.718M |
| Total Assets | $37.56M | $7.659M | $6.314M |
| YoY Change | 494.81% | -37.07% | -56.12% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.199M | $834.2K | $3.590M |
| YoY Change | 16.95% | -79.3% | -23.94% |
| Accrued Expenses | $308.2K | $86.51K | $130.2K |
| YoY Change | 136.77% | -49.11% | -38.01% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $5.438M | $571.3K | $1.679M |
| YoY Change | 223.81% | -84.56% | -74.08% |
| Long-Term Debt Due | $2.860M | $10.00K | $1.460M |
| YoY Change | 95.89% | -99.84% | -54.8% |
| Total Short-Term Liabilities | $28.19M | $2.418M | $9.207M |
| YoY Change | 206.14% | -84.97% | -40.52% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.548M | $2.080M | $4.030M |
| YoY Change | -36.79% | 6833.53% | |
| Other Long-Term Liabilities | $2.561M | $447.4K | $317.0K |
| YoY Change | 707.96% | ||
| Total Long-Term Liabilities | $5.109M | $2.527M | $4.347M |
| YoY Change | 17.52% | 8324.83% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $28.19M | $2.418M | $9.207M |
| Total Long-Term Liabilities | $5.109M | $2.527M | $4.347M |
| Total Liabilities | $35.09M | $6.558M | $13.55M |
| YoY Change | 158.89% | -59.32% | -12.44% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $0.00 | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.465M | $1.101M | -$7.240M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $37.56M | $7.659M | $6.314M |
| YoY Change | 494.81% | -37.07% | -56.12% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$9.313M | -$3.250M | -$8.903M |
| YoY Change | 4.6% | 3.83% | 405.86% |
| Depreciation, Depletion And Amortization | $182.6K | -$83.05K | $292.3K |
| YoY Change | -37.53% | -65.4% | 192.3% |
| Cash From Operating Activities | -$1.642M | -$14.48K | -$518.3K |
| YoY Change | 216.86% | -99.1% | -5.77% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$36.29K | -$107.6K | -$7.760K |
| YoY Change | 367.65% | 79.27% | -177.6% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$978.4K | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$36.29K | $870.8K | -$986.2K |
| YoY Change | -96.32% | 9761.6% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 2.689M | -1.360M | 1.689M |
| YoY Change | 59.22% | -177.71% | 704.15% |
| NET CHANGE | |||
| Cash From Operating Activities | -1.642M | -14.48K | -518.3K |
| Cash From Investing Activities | -36.29K | 870.8K | -986.2K |
| Cash From Financing Activities | 2.689M | -1.360M | 1.689M |
| Net Change In Cash | 1.010M | -503.6K | 184.3K |
| YoY Change | 448.19% | -435.76% | -152.66% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.642M | -$14.48K | -$518.3K |
| Capital Expenditures | -$36.29K | -$107.6K | -$7.760K |
| Free Cash Flow | -$1.606M | $93.08K | -$510.5K |
| YoY Change | 214.57% | -106.04% | -8.84% |
Facts In Submission
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