2021 Q2 Form 10-Q Financial Statement
#000106299321007040 Filed on August 04, 2021
Income Statement
| Concept | 2021 Q2 | 2020 Q4 | 2020 Q2 |
|---|---|---|---|
| Revenue | $162.0K | $790.0K | $40.00K |
| YoY Change | 305.0% | 1028.57% | -80.0% |
| Cost Of Revenue | $478.0K | ||
| YoY Change | |||
| Gross Profit | -$316.0K | ||
| YoY Change | |||
| Gross Profit Margin | -195.06% | ||
| Selling, General & Admin | $828.0K | $1.230M | $1.020M |
| YoY Change | -18.82% | -9.56% | -13.56% |
| % of Gross Profit | |||
| Research & Development | $565.0K | $138.0K | $600.0K |
| YoY Change | -5.83% | -84.49% | -49.15% |
| % of Gross Profit | |||
| Depreciation & Amortization | $198.0K | $190.0K | $170.0K |
| YoY Change | 16.47% | -5.0% | 0.0% |
| % of Gross Profit | |||
| Operating Expenses | $2.069M | $138.0K | $1.790M |
| YoY Change | 15.59% | -94.34% | -29.53% |
| Operating Profit | -$1.907M | ||
| YoY Change | |||
| Interest Expense | $435.0K | -$300.0K | $300.0K |
| YoY Change | 45.0% | 3.45% | -211.11% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$284.0K | $101.0K | |
| YoY Change | -381.19% | -137.97% | |
| Pretax Income | -$2.191M | -$1.280M | -$1.650M |
| YoY Change | 32.79% | -51.88% | -36.54% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$2.191M | -$1.280M | -$1.650M |
| YoY Change | 32.79% | -51.88% | -36.54% |
| Net Earnings / Revenue | -1352.47% | -162.03% | -4125.0% |
| Basic Earnings Per Share | -$0.02 | ||
| Diluted Earnings Per Share | -$0.02 | -$0.01 | -$0.01 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 131.8M shares | 111.9M shares | |
| Diluted Shares Outstanding | 131.8M shares |
Balance Sheet
| Concept | 2021 Q2 | 2020 Q4 | 2020 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $12.13M | $2.240M | $3.090M |
| YoY Change | 292.52% | 17.28% | -49.67% |
| Cash & Equivalents | $6.121M | $2.243M | $130.0K |
| Short-Term Investments | $6.008M | $1.040M | $2.950M |
| Other Short-Term Assets | $289.0K | $570.0K | $140.0K |
| YoY Change | 106.43% | 235.29% | -61.11% |
| Inventory | $121.0K | $244.0K | $370.0K |
| Prepaid Expenses | $162.0K | ||
| Receivables | $518.0K | $260.0K | $380.0K |
| Other Receivables | $781.0K | $640.0K | $470.0K |
| Total Short-Term Assets | $13.84M | $4.305M | $4.440M |
| YoY Change | 211.67% | 33.7% | -44.36% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.319M | $5.851M | $6.400M |
| YoY Change | -1.27% | -8.08% | -9.73% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $259.0K | $250.0K | $720.0K |
| YoY Change | -64.03% | -66.67% | -2.7% |
| Total Long-Term Assets | $6.578M | $6.813M | $7.130M |
| YoY Change | -7.74% | -12.65% | -8.94% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $13.84M | $4.305M | $4.440M |
| Total Long-Term Assets | $6.578M | $6.813M | $7.130M |
| Total Assets | $20.42M | $11.12M | $11.57M |
| YoY Change | 76.46% | 0.89% | -26.82% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.182M | $1.990M | $2.030M |
| YoY Change | 7.49% | 2.58% | 33.55% |
| Accrued Expenses | $148.0K | $140.0K | $140.0K |
| YoY Change | 5.71% | 0.0% | 0.0% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $2.500M | $1.490M | $1.360M |
| YoY Change | 83.82% | -73.58% | |
| Long-Term Debt Due | $0.00 | $561.0K | $580.0K |
| YoY Change | -100.0% | -22.83% | -21.62% |
| Total Short-Term Liabilities | $4.991M | $4.368M | $4.110M |
| YoY Change | 21.44% | -48.29% | 71.25% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $8.140M | $171.0K | $5.540M |
| YoY Change | 46.93% | -63.62% | -25.24% |
| Other Long-Term Liabilities | $445.0K | $480.0K | $490.0K |
| YoY Change | -9.18% | -14.29% | -16.95% |
| Total Long-Term Liabilities | $8.585M | $171.0K | $6.030M |
| YoY Change | 42.37% | -63.62% | -24.63% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.991M | $4.368M | $4.110M |
| Total Long-Term Liabilities | $8.585M | $171.0K | $6.030M |
| Total Liabilities | $13.58M | $12.07M | $10.13M |
| YoY Change | 34.02% | 12.53% | -2.5% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$48.55M | ||
| YoY Change | 16.97% | ||
| Common Stock | $1.000K | ||
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $6.840M | -$953.0K | $1.434M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $20.42M | $11.12M | $11.57M |
| YoY Change | 76.46% | 0.89% | -26.82% |
Cashflow Statement
| Concept | 2021 Q2 | 2020 Q4 | 2020 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.191M | -$1.280M | -$1.650M |
| YoY Change | 32.79% | -51.88% | -36.54% |
| Depreciation, Depletion And Amortization | $198.0K | $190.0K | $170.0K |
| YoY Change | 16.47% | -5.0% | 0.0% |
| Cash From Operating Activities | -$1.901M | -$510.0K | -$1.540M |
| YoY Change | 23.44% | -75.6% | -33.33% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $10.00K | $20.00K | $20.00K |
| YoY Change | -50.0% | -84.62% | -85.71% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$5.593M | $220.0K | $1.450M |
| YoY Change | -485.72% | 2100.0% | -0.68% |
| Cash From Investing Activities | -$5.603M | $200.0K | $1.430M |
| YoY Change | -491.82% | -281.82% | 9.16% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $12.35M | $0.00 | |
| YoY Change | |||
| Debt Paid & Issued, Net | $0.00 | ||
| YoY Change | |||
| Cash From Financing Activities | $12.39M | 1.240M | 10.00K |
| YoY Change | 123810.0% | -788.89% | -105.56% |
| NET CHANGE | |||
| Cash From Operating Activities | -$1.901M | -510.0K | -1.540M |
| Cash From Investing Activities | -$5.603M | 200.0K | 1.430M |
| Cash From Financing Activities | $12.39M | 1.240M | 10.00K |
| Net Change In Cash | $4.887M | 930.0K | -100.0K |
| YoY Change | -4987.0% | -139.08% | -91.53% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.901M | -$510.0K | -$1.540M |
| Capital Expenditures | $10.00K | $20.00K | $20.00K |
| Free Cash Flow | -$1.911M | -$530.0K | -$1.560M |
| YoY Change | 22.5% | -76.13% | -36.33% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
| dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
| dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
| dei |
Entity File Number
EntityFileNumber
|
000-31187 | ||
| dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
| dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
87-0638336 | ||
| dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
6420 Abrams | ||
| dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Ville Saint Laurent | ||
| dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
QC | ||
| dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
H4S 1Y2 | ||
| dei |
Entity Address Country
EntityAddressCountry
|
CA | ||
| dei |
City Area Code
CityAreaCode
|
514 | ||
| dei |
Local Phone Number
LocalPhoneNumber
|
331-7440 | ||
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
| dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
| CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
121000 | USD |
| CY2021Q2 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
0 | USD |
| CY2021Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
| CY2021Q2 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
2500000 | USD |
| CY2020Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
0 | USD |
| CY2021Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
0 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-345000 | USD | |
| igxt |
Stock Issued During Period Value Conversion Of Convertible Notes
StockIssuedDuringPeriodValueConversionOfConvertibleNotes
|
321000 | USD | |
| us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
289000 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
56000 | USD | |
| CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6840000 | USD |
| CY2021Q2 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
0 | USD |
| CY2020Q2 | us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
45000 | USD |
| us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-737000 | USD | |
| CY2021Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
151000 | USD |
| CY2020Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
401000 | USD |
| CY2021Q2 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-0 | USD |
| CY2020Q2 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-0 | USD |
| us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-0 | USD | |
| CY2021Q2 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
0 | USD |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
20000000 | shares |
| us-gaap |
Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
|
-118000 | USD | |
| CY2021Q2 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
500000 | USD |
| CY2020Q2 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2500000 | USD | |
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
| CY2020Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
0 | USD |
| us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
0 | USD | |
| CY2021Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
12346000 | USD |
| CY2020Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
| CY2021Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
422000 | USD |
| CY2020Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | USD |
| CY2021Q2 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
29000 | USD |
| CY2020Q2 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
69000 | USD |
| CY2021Q2 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
407000 | USD |
| CY2021Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
6000000 | USD |
| CY2020Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | USD |
| CY2017Q3 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
5517000 | USD |
| CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2021Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
121000 | USD |
| CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
561000 | USD |
| CY2021Q2 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
5437000 | USD |
| CY2020Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
5461000 | USD |
