2022 Q1 Form 10-Q Financial Statement
#000149315222014327 Filed on May 18, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.364M | $787.8K |
| YoY Change | 73.18% | 3.01% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $13.10K | $11.60K |
| YoY Change | 12.93% | 1.67% |
| % of Gross Profit | ||
| Operating Expenses | $1.364M | $787.8K |
| YoY Change | 73.18% | 3.01% |
| Operating Profit | -$1.364M | -$787.8K |
| YoY Change | 73.18% | 5.09% |
| Interest Expense | -$145.5K | -$191.9K |
| YoY Change | -24.18% | 98.82% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$10.88K | |
| YoY Change | ||
| Pretax Income | -$1.493M | -$990.5K |
| YoY Change | 50.71% | 17.06% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.493M | -$990.5K |
| YoY Change | 50.71% | 17.06% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$42.88K | -$42.00K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $193.3K | $120.6K |
| YoY Change | 60.31% | 5810.29% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $223.9K | $241.2K |
| YoY Change | -7.17% | 41.4% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $315.7K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $732.8K | $361.7K |
| YoY Change | 102.58% | 109.58% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.070M | $1.609M |
| YoY Change | 28.66% | 15.7% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.471M | |
| YoY Change | ||
| Other Assets | $647.4K | $673.8K |
| YoY Change | -3.92% | 0.79% |
| Total Long-Term Assets | $5.293M | $2.283M |
| YoY Change | 131.89% | 10.86% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $732.8K | $361.7K |
| Total Long-Term Assets | $5.293M | $2.283M |
| Total Assets | $6.026M | $2.644M |
| YoY Change | 127.88% | 18.49% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.395M | $863.7K |
| YoY Change | 61.53% | 175.69% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $914.1K | $650.6K |
| YoY Change | 40.51% | |
| Long-Term Debt Due | $2.006M | $423.5K |
| YoY Change | 373.82% | -43.86% |
| Total Short-Term Liabilities | $4.470M | $2.312M |
| YoY Change | 93.3% | 90.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $1.703M |
| YoY Change | -100.0% | 57.53% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $1.703M |
| YoY Change | -100.0% | 57.53% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.470M | $2.312M |
| Total Long-Term Liabilities | $0.00 | $1.703M |
| Total Liabilities | $4.470M | $4.015M |
| YoY Change | 11.33% | 74.73% |
| 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 | $1.263M | -$1.664M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $6.026M | $2.644M |
| YoY Change | 127.88% | 18.49% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.493M | -$990.5K |
| YoY Change | 50.71% | 17.06% |
| Depreciation, Depletion And Amortization | $13.10K | $11.60K |
| YoY Change | 12.93% | 1.67% |
| Cash From Operating Activities | -$344.9K | -$162.9K |
| YoY Change | 111.8% | -51.26% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$109.0K | -$135.7K |
| YoY Change | -19.65% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$109.0K | -$135.7K |
| YoY Change | -19.65% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 590.6K | 405.9K |
| YoY Change | 45.51% | 148.05% |
| NET CHANGE | ||
| Cash From Operating Activities | -344.9K | -162.9K |
| Cash From Investing Activities | -109.0K | -135.7K |
| Cash From Financing Activities | 590.6K | 405.9K |
| Net Change In Cash | 136.7K | 107.4K |
| YoY Change | 27.27% | -162.99% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$344.9K | -$162.9K |
| Capital Expenditures | -$109.0K | -$135.7K |
| Free Cash Flow | -$235.9K | -$27.21K |
| YoY Change | 767.11% | -91.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
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|
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| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
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Cost Of Revenue
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Other Expenses
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| CY2021Q1 | ILAL |
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Increase Decrease In Accounts Receivable
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Increase Decrease In Accrued Interest Receivable Net
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Cost Of Revenue
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Increase Decrease In Other Noncurrent Assets
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Increase Decrease In Security Deposits
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Repayments Of Related Party Debt
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| CY2022Q1 | ILAL |
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| CY2022Q1 | ILAL |
Common Stock Issued In Settlement Of Related Party Accrued Interest On Note
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Shares Issued With Debt Modification
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Debt Discount From Issuance Of New Promissory Notes
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Common Stock Issued Pursuant To Consulting Agreement
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| CY2022Q1 | ILAL |
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