2023 Q4 Form 10-Q Financial Statement

#000143774923031604 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.147M $2.919M
YoY Change -0.11% 4.64%
Cost Of Revenue $1.183M $1.126M
YoY Change -16.73% -13.77%
Gross Profit $1.964M $1.793M
YoY Change 13.56% 20.84%
Gross Profit Margin 62.4% 61.42%
Selling, General & Admin $1.885M $2.000M
YoY Change 15.01% 10.57%
% of Gross Profit 96.0% 111.57%
Research & Development $169.3K $100.5K
YoY Change 85.42% -32.21%
% of Gross Profit 8.62% 5.61%
Depreciation & Amortization $90.09K $86.63K
YoY Change 4.57% 2.53%
% of Gross Profit 4.59% 4.83%
Operating Expenses $2.054M $2.102M
YoY Change 18.73% 7.41%
Operating Profit -$90.81K -$309.5K
YoY Change 7531.09% -34.65%
Interest Expense -$54.62K $82.35K
YoY Change -61.74% -44.03%
% of Operating Profit
Other Income/Expense, Net $36.37K -$39.15K
YoY Change 10.68% -58.84%
Pretax Income -$109.1K -$350.0K
YoY Change -1.83% -38.45%
Income Tax
% Of Pretax Income
Net Earnings -$109.1K -$348.6K
YoY Change -1.83% -38.7%
Net Earnings / Revenue -3.47% -11.94%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 519.8M 518.0M
Diluted Shares Outstanding 518.3M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.688M $2.900M
YoY Change 13.15% -2.99%
Cash & Equivalents $2.688M $2.897M
Short-Term Investments
Other Short-Term Assets $672.9K $440.0K
YoY Change -34.23% -50.65%
Inventory $927.1K $740.8K
Prepaid Expenses
Receivables $1.469M $1.383M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.757M $5.458M
YoY Change 0.29% -13.4%
LONG-TERM ASSETS
Property, Plant & Equipment $4.656M $2.455M
YoY Change 129.97% 22.06%
Goodwill $1.384M $1.384M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.569M $1.080M
YoY Change 46.91% 1.22%
Total Long-Term Assets $11.15M $10.73M
YoY Change 6.13% 1.56%
TOTAL ASSETS
Total Short-Term Assets $5.757M $5.458M
Total Long-Term Assets $11.15M $10.73M
Total Assets $16.91M $16.19M
YoY Change 4.07% -4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $559.6K $281.7K
YoY Change 46.34% -76.15%
Accrued Expenses $1.623M $1.342M
YoY Change 10.21% 9.07%
Deferred Revenue $932.7K
YoY Change 6.06%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $158.6K $780.0K
YoY Change 579.16% 2051.55%
Total Short-Term Liabilities $3.274M $3.545M
YoY Change -6.86% -58.25%
LONG-TERM LIABILITIES
Long-Term Debt $5.954M $5.370M
YoY Change 16.73% 712.92%
Other Long-Term Liabilities $3.641M $3.190M
YoY Change 10.76% -3.84%
Total Long-Term Liabilities $9.595M $8.561M
YoY Change 14.39% 115.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.274M $3.545M
Total Long-Term Liabilities $9.595M $8.561M
Total Liabilities $12.87M $12.11M
YoY Change 8.12% -2.91%
SHAREHOLDERS EQUITY
Retained Earnings -$127.3M -$127.2M
YoY Change 0.69% 0.69%
Common Stock $5.198M $5.198M
YoY Change 0.95% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.037M $4.079M
YoY Change
Total Liabilities & Shareholders Equity $16.91M $16.19M
YoY Change 4.07% -4.03%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$109.1K -$348.6K
YoY Change -1.83% -38.7%
Depreciation, Depletion And Amortization $90.09K $86.63K
YoY Change 4.57% 2.53%
Cash From Operating Activities -$117.4K -$300.0K
YoY Change -78.28% 4809.98%
INVESTING ACTIVITIES
Capital Expenditures -$400.9K $480.0K
YoY Change -875.06% -3769.72%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $400.9K -$480.0K
YoY Change -874.91% 3572.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -480.5K 420.0K
YoY Change 3052.89% -3037.06%
NET CHANGE
Cash From Operating Activities -117.4K -300.0K
Cash From Investing Activities 400.9K -480.0K
Cash From Financing Activities -480.5K 420.0K
Net Change In Cash -197.0K -360.0K
YoY Change -67.58% 975.27%
FREE CASH FLOW
Cash From Operating Activities -$117.4K -$300.0K
Capital Expenditures -$400.9K $480.0K
Free Cash Flow $283.5K -$780.0K
YoY Change -147.87% -11290.82%

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