2021 Form 10-K Financial Statement
#000106299322008487 Filed on March 24, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $1.535M | $790.0K | $1.544M |
| YoY Change | -0.58% | 1028.57% | 108.09% |
| Cost Of Revenue | $2.260M | ||
| YoY Change | |||
| Gross Profit | -$720.0K | ||
| YoY Change | |||
| Gross Profit Margin | -46.91% | ||
| Selling, General & Admin | $3.750M | $1.230M | $4.437M |
| YoY Change | -15.48% | -9.56% | -23.5% |
| % of Gross Profit | |||
| Research & Development | $2.720M | $138.0K | $2.637M |
| YoY Change | 3.15% | -84.49% | -30.13% |
| % of Gross Profit | |||
| Depreciation & Amortization | $791.0K | $190.0K | $734.0K |
| YoY Change | 7.77% | -5.0% | 2.23% |
| % of Gross Profit | |||
| Operating Expenses | $7.260M | $138.0K | $7.808M |
| YoY Change | -7.02% | -94.34% | -24.14% |
| Operating Profit | -$7.980M | -$6.264M | |
| YoY Change | 27.39% | -34.41% | |
| Interest Expense | -$1.340M | -$300.0K | $1.202M |
| YoY Change | -211.48% | 3.45% | -0.41% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$1.336M | -$780.0K | |
| YoY Change | 71.28% | -29.73% | |
| Pretax Income | -$9.318M | -$1.280M | -$7.044M |
| YoY Change | 32.28% | -51.88% | -33.92% |
| Income Tax | -$10.00K | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$9.312M | -$1.280M | -$7.044M |
| YoY Change | 32.2% | -51.88% | -33.92% |
| Net Earnings / Revenue | -606.64% | -162.03% | -456.22% |
| Basic Earnings Per Share | -$0.07 | ||
| Diluted Earnings Per Share | -$67.96K | -$0.01 | -$64.92K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 137.0M shares | 111.9M shares | |
| Diluted Shares Outstanding | 137.0M shares |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $9.950M | $2.240M | $2.240M |
| YoY Change | 344.2% | 17.28% | 17.28% |
| Cash & Equivalents | $3.950M | $2.243M | $1.210M |
| Short-Term Investments | $6.000M | $1.040M | $1.040M |
| Other Short-Term Assets | $320.0K | $570.0K | $570.0K |
| YoY Change | -43.86% | 235.29% | 235.29% |
| Inventory | $60.00K | $244.0K | $240.0K |
| Prepaid Expenses | $162.0K | ||
| Receivables | $680.0K | $260.0K | $610.0K |
| Other Receivables | $440.0K | $640.0K | $640.0K |
| Total Short-Term Assets | $11.44M | $4.305M | $4.310M |
| YoY Change | 165.43% | 33.7% | 33.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.220M | $5.851M | $6.560M |
| YoY Change | -5.18% | -8.08% | -6.95% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $250.0K | $250.0K | $250.0K |
| YoY Change | 0.0% | -66.67% | -66.67% |
| Total Long-Term Assets | $6.470M | $6.813M | $6.810M |
| YoY Change | -4.99% | -12.65% | -12.69% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $11.44M | $4.305M | $4.310M |
| Total Long-Term Assets | $6.470M | $6.813M | $6.810M |
| Total Assets | $17.91M | $11.12M | $11.12M |
| YoY Change | 61.06% | 0.89% | 0.91% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.300M | $1.990M | $1.990M |
| YoY Change | 15.58% | 2.58% | 2.58% |
| Accrued Expenses | $250.0K | $140.0K | $140.0K |
| YoY Change | 78.57% | 0.0% | 0.0% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $1.490M | $1.490M |
| YoY Change | -100.0% | -73.58% | -73.58% |
| Long-Term Debt Due | $4.280M | $561.0K | $590.0K |
| YoY Change | 625.42% | -22.83% | -19.18% |
| Total Short-Term Liabilities | $7.020M | $4.368M | $4.370M |
| YoY Change | 60.64% | -48.29% | -48.28% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $6.290M | $171.0K | $7.220M |
| YoY Change | -12.88% | -63.62% | 317.34% |
| Other Long-Term Liabilities | $640.0K | $480.0K | $480.0K |
| YoY Change | 33.33% | -14.29% | -14.29% |
| Total Long-Term Liabilities | $6.930M | $171.0K | $7.700M |
| YoY Change | -10.0% | -63.62% | 236.24% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.020M | $4.368M | $4.370M |
| Total Long-Term Liabilities | $6.930M | $171.0K | $7.700M |
| Total Liabilities | $14.03M | $12.07M | $12.07M |
| YoY Change | 16.24% | 12.53% | 12.49% |
| 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 | $3.870M | -$953.0K | -$950.0K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $17.91M | $11.12M | $11.12M |
| YoY Change | 61.06% | 0.89% | 0.91% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$9.312M | -$1.280M | -$7.044M |
| YoY Change | 32.2% | -51.88% | -33.92% |
| Depreciation, Depletion And Amortization | $791.0K | $190.0K | $734.0K |
| YoY Change | 7.77% | -5.0% | 2.23% |
| Cash From Operating Activities | -$7.170M | -$510.0K | -$5.768M |
| YoY Change | 24.31% | -75.6% | -29.65% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$110.0K | $20.00K | $120.0K |
| YoY Change | -191.67% | -84.62% | -77.14% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$4.970M | $220.0K | -$410.0K |
| YoY Change | 1112.2% | 2100.0% | -110.99% |
| Cash From Investing Activities | -$5.070M | $200.0K | -$526.0K |
| YoY Change | 863.88% | -281.82% | -116.41% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $12.35M | $5.564M | |
| YoY Change | 121.89% | ||
| Debt Paid & Issued, Net | $737.0K | $474.0K | |
| YoY Change | 55.49% | -33.33% | |
| Cash From Financing Activities | 15.49M | 1.240M | $6.240M |
| YoY Change | 148.24% | -788.89% | -1004.35% |
| NET CHANGE | |||
| Cash From Operating Activities | -7.170M | -510.0K | -$5.768M |
| Cash From Investing Activities | -5.070M | 200.0K | -$526.0K |
| Cash From Financing Activities | 15.49M | 1.240M | $6.240M |
| Net Change In Cash | 3.250M | 930.0K | -$54.00K |
| YoY Change | -6118.52% | -139.08% | -99.05% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$7.170M | -$510.0K | -$5.768M |
| Capital Expenditures | -$110.0K | $20.00K | $120.0K |
| Free Cash Flow | -$7.060M | -$530.0K | -$5.888M |
| YoY Change | 19.9% | -76.13% | -32.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
0 | USD |
| CY2021Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
0 | USD |
| CY2021Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
2500000 | USD |
| CY2021Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
0 | USD |
| CY2020Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
5461000 | USD |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | igxt |
Subsequent Event
SubsequentEvent
|
USD | |
| CY2020Q4 | igxt |
Subsequent Event
SubsequentEvent
|
USD | |
| CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
154571289 | shares |
| CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
111429532 | shares |
| CY2020 | igxt |
Transaction Cost For Common Stock Issued
TransactionCostForCommonStockIssued
|
778000 | USD |
| CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3912000 | USD |
| CY2020 | igxt |
Warrants Transaction Cost
WarrantsTransactionCost
|
240000 | USD |
| CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
1207000 | USD |
| CY2020 | igxt |
Agents Warrants
AgentsWarrants
|
169000 | USD |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
|
86000 | USD |
| CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.07 | |
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
547000 | CAD |
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
401000 | USD |
| CY2021Q4 | igxt |
Loans Payable To Related Parties Noncurrent
LoansPayableToRelatedPartiesNoncurrent
|
2500000 | USD |
| CY2020Q4 | igxt |
Loans Payable To Related Parties Noncurrent
LoansPayableToRelatedPartiesNoncurrent
|
0 | USD |
| CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
| CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2021 | igxt |
Class Of Warrant Or Right Granted
ClassOfWarrantOrRightGranted
|
22993000 | shares |
| CY2021 | igxt |
Class Of Warrant Or Right Granted In Period Weighted Average Exercise Price
ClassOfWarrantOrRightGrantedInPeriodWeightedAverageExercisePrice
|
0.3513 | |
| CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
47000 | USD |
| CY2020 | igxt |
Cash Outflows From Finance Leases
CashOutflowsFromFinanceLeases
|
2000 | USD |
| CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
6000 | USD |
