2022 Q1 Form 10-Q Financial Statement
#000149315222012931 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.105M | $124.3K |
| YoY Change | 1594.15% | -92.78% |
| % of Gross Profit | ||
| Research & Development | $1.297M | $489.7K |
| YoY Change | 164.87% | -75.76% |
| % of Gross Profit | ||
| Depreciation & Amortization | $530.00 | $210.00 |
| YoY Change | 152.38% | -99.93% |
| % of Gross Profit | ||
| Operating Expenses | $3.402M | $614.0K |
| YoY Change | 454.1% | -83.58% |
| Operating Profit | -$3.402M | |
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $36.92K | $1.550K |
| YoY Change | 2281.94% | |
| Pretax Income | -$3.365M | -$612.4K |
| YoY Change | 449.48% | -83.93% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.365M | -$612.4K |
| YoY Change | 449.48% | -84.18% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.41 | |
| Diluted Earnings Per Share | -$407.5K | -$314.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 8.259M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $36.18M | $10.14M |
| YoY Change | 256.96% | -6.93% |
| Cash & Equivalents | $33.22M | $10.14M |
| Short-Term Investments | $2.961M | |
| Other Short-Term Assets | $742.0K | $2.024M |
| YoY Change | -63.34% | -23.33% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $36.92M | $12.16M |
| YoY Change | 203.64% | -10.13% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $150.4K | $1.554M |
| YoY Change | -90.32% | -54.16% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $16.48K | $3.717M |
| YoY Change | -99.56% | -0.08% |
| Total Long-Term Assets | $166.8K | $5.271M |
| YoY Change | -96.83% | -25.86% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $36.92M | $12.16M |
| Total Long-Term Assets | $166.8K | $5.271M |
| Total Assets | $37.09M | $17.43M |
| YoY Change | 112.77% | -15.55% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.835M | $183.0K |
| YoY Change | 1449.01% | -80.32% |
| Accrued Expenses | $444.7K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.680M | $5.203M |
| YoY Change | -29.28% | 1.62% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $50.52K | $883.0K |
| YoY Change | -94.28% | -32.08% |
| Total Long-Term Liabilities | $50.52K | $883.0K |
| YoY Change | -94.28% | -32.08% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.680M | $5.203M |
| Total Long-Term Liabilities | $50.52K | $883.0K |
| Total Liabilities | $3.730M | $6.086M |
| YoY Change | -38.71% | -5.2% |
| 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 | $33.36M | -$829.7K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $37.09M | $17.43M |
| YoY Change | 112.77% | -15.55% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.365M | -$612.4K |
| YoY Change | 449.48% | -84.18% |
| Depreciation, Depletion And Amortization | $530.00 | $210.00 |
| YoY Change | 152.38% | -99.93% |
| Cash From Operating Activities | -$3.118M | -$825.6K |
| YoY Change | 277.64% | -83.97% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.798M | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$2.798M | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 3.675M | |
| YoY Change | -39.85% | |
| NET CHANGE | ||
| Cash From Operating Activities | -3.118M | -825.6K |
| Cash From Investing Activities | -2.798M | |
| Cash From Financing Activities | 3.675M | |
| Net Change In Cash | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$3.118M | -$825.6K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2022Q1 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
| CY2021Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
USD | |
| CY2022Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
USD | |
| CY2021Q1 | INDP |
Increase Decrease In Operating Lease Right Of Use Asset And Liability Net
IncreaseDecreaseInOperatingLeaseRightOfUseAssetAndLiabilityNet
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | INDP |
Proceeds From Simple Agreementsfor Futrue Equity
ProceedsFromSimpleAgreementsforFutrueEquity
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
shares | |
| CY2021Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Other Receivables
OtherReceivables
|
USD | |
| CY2021Q4 | INDP |
Delaware Franchise Taxes Payable Current
DelawareFranchiseTaxesPayableCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares |
