2021 Q3 Form 10-Q Financial Statement
#000149315221028318 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 |
|---|---|
| Revenue | $0.00 |
| YoY Change | |
| Cost Of Revenue | |
| YoY Change | |
| Gross Profit | |
| YoY Change | |
| Gross Profit Margin | |
| Selling, General & Admin | $2.670M |
| YoY Change | 74.64% |
| % of Gross Profit | |
| Research & Development | $697.7K |
| YoY Change | -66.97% |
| % of Gross Profit | |
| Depreciation & Amortization | $440.00 |
| YoY Change | -99.85% |
| % of Gross Profit | |
| Operating Expenses | $3.368M |
| YoY Change | -7.5% |
| Operating Profit | -$3.368M |
| YoY Change | |
| Interest Expense | $830.00 |
| YoY Change | -101.46% |
| % of Operating Profit | |
| Other Income/Expense, Net | $827.00 |
| YoY Change | |
| Pretax Income | -$3.367M |
| YoY Change | -8.95% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$3.367M |
| YoY Change | -9.97% |
| Net Earnings / Revenue | |
| Basic Earnings Per Share | -$0.81 |
| Diluted Earnings Per Share | -$805.4K |
| COMMON SHARES | |
| Basic Shares Outstanding | 4.181M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $41.86M |
| YoY Change | 145.12% |
| Cash & Equivalents | $41.86M |
| Short-Term Investments | |
| Other Short-Term Assets | $1.998M |
| YoY Change | 227.49% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | |
| Other Receivables | |
| Total Short-Term Assets | $43.85M |
| YoY Change | 147.98% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $4.340K |
| YoY Change | -99.84% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $4.340K |
| YoY Change | -99.93% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $43.85M |
| Total Long-Term Assets | $4.340K |
| Total Assets | $43.86M |
| YoY Change | 82.47% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $5.780M |
| YoY Change | 988.55% |
| Accrued Expenses | |
| YoY Change | |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $5.780M |
| YoY Change | 27.04% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $0.00 |
| YoY Change | -100.0% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $5.780M |
| Total Long-Term Liabilities | $0.00 |
| Total Liabilities | $5.780M |
| YoY Change | -3.0% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | -$12.45M |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $38.08M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $43.86M |
| YoY Change | 82.47% |
Cashflow Statement
| Concept | 2021 Q3 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$3.367M |
| YoY Change | -9.97% |
| Depreciation, Depletion And Amortization | $440.00 |
| YoY Change | -99.85% |
| Cash From Operating Activities | -$5.631M |
| YoY Change | 175.46% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$1.650K |
| YoY Change | -87.31% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | |
| YoY Change | |
| Cash From Investing Activities | -$1.650K |
| YoY Change | -87.31% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 42.52M |
| YoY Change | 701.89% |
| NET CHANGE | |
| Cash From Operating Activities | -5.631M |
| Cash From Investing Activities | -1.650K |
| Cash From Financing Activities | 42.52M |
| Net Change In Cash | 36.89M |
| YoY Change | 1036.54% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$5.631M |
| Capital Expenditures | -$1.650K |
| Free Cash Flow | -$5.629M |
| YoY Change | 177.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
| CY2021Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
USD | |
| CY2021Q3 | NTEC |
Safe Agreements
SafeAgreements
|
USD | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | ||
| NTEC |
Proceeds From Merger
ProceedsFromMerger
|
USD | ||
| us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
USD | ||
| NTEC |
Proceeds From Issuanceof Pre Funded Warrantsand Warrants
ProceedsFromIssuanceofPreFundedWarrantsandWarrants
|
USD | ||
| us-gaap |
Payments For Repurchase Of Private Placement
PaymentsForRepurchaseOfPrivatePlacement
|
USD | ||
| us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | ||
| NTEC |
Conversion Of Preferred Stock
ConversionOfPreferredStock
|
USD | ||
| NTEC |
Conversion Of Simple Agreementsfor Futrue Equity
ConversionOfSimpleAgreementsforFutrueEquity
|
USD | ||
| NTEC |
Liabilities Assumed Net Of Noncash Assets Received In Reverse Merger
LiabilitiesAssumedNetOfNoncashAssetsReceivedInReverseMerger
|
USD | ||
| NTEC |
Release Of Deposit Upon Closing Of Merger
ReleaseOfDepositUponClosingOfMerger
|
USD | ||
| CY2021Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-12454565 | USD |
| CY2020Q4 | NTEC |
Prepaid Short Term Deposits
PrepaidShortTermDeposits
|
USD | |
| CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
USD | |
| CY2021Q3 | NTEC |
Accrued Deposit Current
AccruedDepositCurrent
|
USD |
