2021 Form 10-K Financial Statement
#000121390022020116 Filed on April 15, 2022
Income Statement
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
Revenue | $27.21M | $0.00 | $9.909M |
YoY Change | 174.56% | -100.0% | -61.13% |
Cost Of Revenue | $19.01M | $4.954M | $4.954M |
YoY Change | 283.78% | 12285.73% | -77.68% |
Gross Profit | $8.193M | $4.955M | $4.955M |
YoY Change | 65.36% | -389.76% | 50.01% |
Gross Profit Margin | 30.11% | 50.0% | |
Selling, General & Admin | $11.36M | $6.188M | $6.188M |
YoY Change | 83.61% | -4859.89% | -8.2% |
% of Gross Profit | 138.67% | 124.88% | 124.88% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $506.4K | -$83.05K | $209.3K |
YoY Change | 141.99% | -65.4% | 297.06% |
% of Gross Profit | 6.18% | -1.68% | 4.22% |
Operating Expenses | $11.87M | $6.188M | $6.397M |
YoY Change | 85.52% | -1818.85% | -5.83% |
Operating Profit | -$3.674M | -$1.233M | -$1.442M |
YoY Change | 154.77% | -8.67% | -58.68% |
Interest Expense | -$6.236M | -$167.5K | -$167.5K |
YoY Change | 3622.56% | -76.41% | -89.08% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.611M | $26.35K | $26.35K |
YoY Change | 6014.08% | ||
Pretax Income | -$13.68M | $4.030M | -$710.0K |
YoY Change | 1826.43% | -294.69% | -85.07% |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | -$13.34M | -$3.250M | -$693.1K |
YoY Change | 1824.73% | 3.83% | -88.12% |
Net Earnings / Revenue | -49.03% | -6.99% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$696.7K | -$0.29 | -$3.91 |
COMMON SHARES | |||
Basic Shares Outstanding | 19.15M shares | ||
Diluted Shares Outstanding | 19.15M shares |
Balance Sheet
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $508.4K | $184.7K | $184.7K |
YoY Change | 175.29% | -60.71% | -60.61% |
Cash & Equivalents | $184.7K | ||
Short-Term Investments | |||
Other Short-Term Assets | $2.602M | $1.633M | $1.633M |
YoY Change | 59.32% | 716.67% | 716.18% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $7.962M | $1.117M | $1.117M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $11.07M | $2.935M | $2.935M |
YoY Change | 277.23% | -53.41% | -53.39% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.507M | $639.8K | $639.8K |
YoY Change | 135.48% | 146.08% | 144.72% |
Goodwill | |||
YoY Change | |||
Intangibles | $0.00 | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $52.62K | $1.153M | |
YoY Change | -95.44% | 4379.11% | |
Total Long-Term Assets | $34.89M | $4.724M | $4.724M |
YoY Change | 638.52% | -19.53% | -19.54% |
TOTAL ASSETS | |||
Total Short-Term Assets | $11.07M | $2.935M | $2.935M |
Total Long-Term Assets | $34.89M | $4.724M | $4.724M |
Total Assets | $45.96M | $7.659M | $7.659M |
YoY Change | 500.06% | -37.07% | -37.06% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.686M | $834.2K | $834.2K |
YoY Change | 341.85% | -79.3% | -79.29% |
Accrued Expenses | $142.9K | $86.51K | $86.51K |
YoY Change | 65.22% | -49.11% | -50.1% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $8.141M | $571.3K | $571.3K |
YoY Change | 1325.12% | -84.56% | -94.34% |
Long-Term Debt Due | $6.698M | $10.00K | $0.00 |
YoY Change | -99.84% | -100.0% | |
Total Short-Term Liabilities | $31.86M | $2.418M | $2.418M |
YoY Change | 1217.39% | -84.97% | -84.97% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.611M | $2.080M | $2.080M |
YoY Change | 25.54% | 6833.53% | 7244.84% |
Other Long-Term Liabilities | $337.8K | $447.4K | $447.4K |
YoY Change | -24.5% | ||
Total Long-Term Liabilities | $2.949M | $2.527M | $2.527M |
YoY Change | 16.68% | 8324.83% | 8824.61% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $31.86M | $2.418M | $2.418M |
Total Long-Term Liabilities | $2.949M | $2.527M | $2.527M |
Total Liabilities | $36.76M | $6.558M | $6.558M |
YoY Change | 460.53% | -59.32% | -59.31% |
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 | $9.198M | $1.101M | $1.101M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $45.96M | $7.659M | $7.659M |
YoY Change | 500.06% | -37.07% | -37.06% |
Cashflow Statement
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001413891 | |
CY2021Q4 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
USD | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
230478 | USD |
CY2021Q4 | hwni |
Tradenames Accumulated Amortization
TradenamesAccumulatedAmortization
|
1366900 | USD |
CY2020Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
USD | |
CY2020Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
USD | |
CY2020Q4 | us-gaap |
Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
|
USD | |
CY2021Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
USD | |
CY2020Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
USD | |
CY2020Q4 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
USD | |
CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
USD | |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1754 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1886 | shares |
CY2020 | hwni |
Gains Losses On Extinguishments Of Debt
GainsLossesOnExtinguishmentsOfDebt
|
USD | |
CY2020 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
USD | |
CY2020 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
USD | |
CY2020 | hwni |
Gain On Fair Value
GainOnFairValue
|
USD | |
CY2020 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
CY2020 | hwni |
Loss On Settlement Of Warrants
LossOnSettlementOfWarrants
|
USD | |
CY2020 | hwni |
Management Fees Income
ManagementFeesIncome
|
USD | |
CY2020 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
USD | |
CY2020 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
||
CY2020 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
||
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
||
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
shares | |
CY2020 | hwni |
Lossgain On Change In Fair Value Of Derivative Liability
LossgainOnChangeInFairValueOfDerivativeLiability
|
USD | |
CY2020 | hwni |
Loss On Settlement Of Debt
LossOnSettlementOfDebt
|
USD | |
CY2020 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
CY2020 | hwni |
Initial Derivative Expense
InitialDerivativeExpense
|
USD | |
CY2020 | hwni |
Loss On Settlement Of Warrant
LossOnSettlementOfWarrant
|
USD | |
CY2020 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
USD | |
CY2021 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
USD | |
CY2021 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
USD | |
CY2020 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
CY2020 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | |
CY2020 | hwni |
Proceeds From Factor Financing
ProceedsFromFactorFinancing
|
USD | |
CY2020 | hwni |
Repayments Of Factor Financing
RepaymentsOfFactorFinancing
|
USD | |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
CY2020 | hwni |
Common Stock Issued For Conversion Of Convertible Debentures
CommonStockIssuedForConversionOfConvertibleDebentures
|
USD | |
CY2020 | hwni |
Common Stock Issued For Conversion Of Convertible Loans Payable To Related Parties
CommonStockIssuedForConversionOfConvertibleLoansPayableToRelatedParties
|
USD | |
CY2020 | hwni |
Common Stock Issued For Conversion Of Series Preferred Stock
CommonStockIssuedForConversionOfSeriesPreferredStock
|
USD | |
CY2020 | hwni |
Common Stock Issued For Conversion Of Series D Preferred Stock
CommonStockIssuedForConversionOfSeriesDPreferredStock
|
USD | |
CY2020 | hwni |
Common Stock Issued Upon Cashless Exercise Of Warrants
CommonStockIssuedUponCashlessExerciseOfWarrants
|
USD | |
CY2020 | hwni |
Series D Preferred Stock Deemed Dividend
SeriesDPreferredStockDeemedDividend
|
USD | |
CY2020 | us-gaap |
Notes Issued1
NotesIssued1
|
USD | |
CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
USD | |
CY2020 | hwni |
Debt Discount Against Derivative Liability
DebtDiscountAgainstDerivativeLiability
|
USD | |
CY2020 | hwni |
Original Issuance Discounts On Convertible Debt
OriginalIssuanceDiscountsOnConvertibleDebt
|
USD | |
CY2020 | hwni |
Original Issuance Discounts On Loans Payable
OriginalIssuanceDiscountsOnLoansPayable
|
USD | |
CY2020 | hwni |
Fair Value Of Series E At Issuance And Net Assets Acquired In Acquisition Of Svc
FairValueOfSeriesEAtIssuanceAndNetAssetsAcquiredInAcquisitionOfSVC
|
USD | |
CY2020 | hwni |
Net Assets Acquired In Reverse Merger With Sgsi
NetAssetsAcquiredInReverseMergerWithSGSI
|
USD | |
CY2020Q4 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
USD | |
CY2021Q4 | hwni |
Less Longterm Portion Of Loans Payable
LessLongtermPortionOfLoansPayable
|
USD | |
CY2020Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
USD | |
CY2020Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
USD | |
CY2020Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
USD | |
CY2020Q4 | us-gaap |
Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
|
USD | |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
shares | |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
||
CY2020Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
USD | |
CY2020Q4 | hwni |
Disposal Group Including Discontinued Operation Currentassets
DisposalGroupIncludingDiscontinuedOperationCurrentassets
|
USD | |
CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
USD | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
shares | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
CY2021 | hwni |
Number Of Stock Options Exercised
NumberOfStockOptionsExercised
|
shares | |
CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
CY2021Q4 | hwni |
Intrinsic Value Exercisable
IntrinsicValueExercisable
|
USD | |
CY2020 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
CY2021 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
USD | |
CY2021 | hwni |
Current Foreign Tax Expense Benefits
CurrentForeignTaxExpenseBenefits
|
USD | |
CY2020 | hwni |
Current Foreign Tax Expense Benefits
CurrentForeignTaxExpenseBenefits
|
USD | |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2021 | hwni |
Total Provision For Income Taxes
TotalProvisionForIncomeTaxes
|
USD | |
CY2020 | hwni |
Total Provision For Income Taxes
TotalProvisionForIncomeTaxes
|
USD | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
pure | |
CY2020 | hwni |
Effective Income Tax Rate Reconciliation Permanent Differences Income Tax Rate
EffectiveIncomeTaxRateReconciliationPermanentDifferencesIncomeTaxRate
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
pure | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
pure | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
pure | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
pure | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
USD | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
USD | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
USD | |
CY2021Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
USD | |
CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
USD | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
USD | |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
USD | |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
USD | |
CY2020 | hwni |
Disposal Group Including Discontinued Operation Ppp Loan Forgiveness
DisposalGroupIncludingDiscontinuedOperationPPPLoanForgiveness
|
USD | |
CY2021 | us-gaap |
Disposal Group Including Discontinued Operation Other Income
DisposalGroupIncludingDiscontinuedOperationOtherIncome
|
USD | |
CY2021 | us-gaap |
Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
|
USD | |
CY2020 | us-gaap |
Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
|
USD |