2022 Q1 Form 10-Q Financial Statement
#000121390022026702 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $12.67M | $5.074M |
| YoY Change | 149.78% | -28.84% |
| Cost Of Revenue | $9.202M | $2.979M |
| YoY Change | 208.95% | -55.01% |
| Gross Profit | $3.471M | $2.095M |
| YoY Change | 65.67% | 310.84% |
| Gross Profit Margin | 27.39% | 41.3% |
| Selling, General & Admin | $4.410M | $1.870M |
| YoY Change | 135.86% | -10.11% |
| % of Gross Profit | 127.04% | 89.23% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $228.0K | $50.47K |
| YoY Change | 351.75% | -49.53% |
| % of Gross Profit | 6.57% | 2.41% |
| Operating Expenses | $4.638M | $1.898M |
| YoY Change | 144.33% | -12.53% |
| Operating Profit | -$1.167M | $197.1K |
| YoY Change | -691.93% | -111.87% |
| Interest Expense | $2.945M | -$44.43K |
| YoY Change | -6728.02% | -97.26% |
| % of Operating Profit | -22.54% | |
| Other Income/Expense, Net | $388.0K | $330.00 |
| YoY Change | 117481.82% | |
| Pretax Income | $4.166M | $403.8K |
| YoY Change | 931.74% | -111.44% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $4.958M | $368.9K |
| YoY Change | 1243.85% | -110.45% |
| Net Earnings / Revenue | 39.12% | 7.27% |
| Basic Earnings Per Share | $0.10 | |
| Diluted Earnings Per Share | $48.69K | |
| COMMON SHARES | ||
| Basic Shares Outstanding | 48.73M shares | |
| Diluted Shares Outstanding | 101.8M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.099M | $415.5K |
| YoY Change | 164.61% | 493.51% |
| Cash & Equivalents | $432.2K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $834.2K | $2.012M |
| YoY Change | -58.54% | 1083.58% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $7.778M | $2.886M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $9.712M | $5.313M |
| YoY Change | 82.78% | -49.4% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.472M | $122.0K |
| YoY Change | 1106.84% | -44.57% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | |
| YoY Change | ||
| Total Long-Term Assets | $34.60M | $1.063M |
| YoY Change | 3155.2% | -81.7% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.712M | $5.313M |
| Total Long-Term Assets | $34.60M | $1.063M |
| Total Assets | $44.31M | $6.376M |
| YoY Change | 594.98% | -60.91% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.285M | $1.806M |
| YoY Change | 137.23% | -63.06% |
| Accrued Expenses | $179.8K | $114.5K |
| YoY Change | 57.01% | -18.21% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $7.478M | $1.099M |
| YoY Change | 580.6% | 56.96% |
| Long-Term Debt Due | $6.410M | $740.0K |
| YoY Change | 766.22% | -79.39% |
| Total Short-Term Liabilities | $26.45M | $12.92M |
| YoY Change | 104.72% | -14.02% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $739.8K | $5.551M |
| YoY Change | -86.67% | |
| Other Long-Term Liabilities | $1.849M | $3.698M |
| YoY Change | -49.99% | |
| Total Long-Term Liabilities | $2.589M | $9.248M |
| YoY Change | -72.01% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $26.45M | $12.92M |
| Total Long-Term Liabilities | $2.589M | $9.248M |
| Total Liabilities | $29.04M | $22.17M |
| YoY Change | 31.0% | 47.51% |
| 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 | $15.27M | -$15.79M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $44.31M | $6.376M |
| YoY Change | 594.98% | -60.91% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.958M | $368.9K |
| YoY Change | 1243.85% | -110.45% |
| Depreciation, Depletion And Amortization | $228.0K | $50.47K |
| YoY Change | 351.75% | -49.53% |
| Cash From Operating Activities | $453.3K | -$28.76K |
| YoY Change | -1676.29% | -91.28% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$35.00K | -$11.00K |
| YoY Change | 218.18% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $275.0K | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | $240.0K | -$11.00K |
| YoY Change | -2281.82% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -102.4K | -16.66K |
| YoY Change | 514.65% | -72.23% |
| NET CHANGE | ||
| Cash From Operating Activities | 453.3K | -28.76K |
| Cash From Investing Activities | 240.0K | -11.00K |
| Cash From Financing Activities | -102.4K | -16.66K |
| Net Change In Cash | 590.9K | -56.42K |
| YoY Change | -1147.39% | -85.53% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $453.3K | -$28.76K |
| Capital Expenditures | -$35.00K | -$11.00K |
| Free Cash Flow | $488.3K | -$17.76K |
| YoY Change | -2849.66% | -94.62% |
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