2022 Q1 Form 10-Q Financial Statement

#000156459022020146 Filed on May 13, 2022

View on sec.gov

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 $4.534M $595.0K
YoY Change 662.08%
% of Gross Profit
Research & Development $2.840M $3.098M
YoY Change -8.32%
% of Gross Profit
Depreciation & Amortization $27.08K $16.19K
YoY Change 67.2%
% of Gross Profit
Operating Expenses $7.374M $3.693M
YoY Change 99.7%
Operating Profit -$7.374M -$3.008M
YoY Change 145.14%
Interest Expense $848.00 $743.7K
YoY Change -99.89%
% of Operating Profit
Other Income/Expense, Net -$402.0K -$94.24K
YoY Change 326.52%
Pretax Income -$7.777M -$3.846M
YoY Change 102.2%
Income Tax
% Of Pretax Income
Net Earnings -$7.777M -$3.846M
YoY Change 102.2% -12.44%
Net Earnings / Revenue
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share -$232.1K -$442.7K
COMMON SHARES
Basic Shares Outstanding 33.56M
Diluted Shares Outstanding 33.50M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.69M
YoY Change
Cash & Equivalents $34.70M $810.3K
Short-Term Investments
Other Short-Term Assets $788.4K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $35.48M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $665.2K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $665.2K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $35.48M
Total Long-Term Assets $665.2K
Total Assets $36.14M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.727M
YoY Change
Accrued Expenses $2.653M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.83M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $18.83M
Total Long-Term Liabilities $0.00
Total Liabilities $18.83M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$90.70M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.31M -$57.08M
YoY Change
Total Liabilities & Shareholders Equity $36.14M
YoY Change

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$7.777M -$3.846M
YoY Change 102.2% -12.44%
Depreciation, Depletion And Amortization $27.08K $16.19K
YoY Change 67.2%
Cash From Operating Activities -$4.196M -$4.209M
YoY Change -0.29%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $39.52K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$39.52K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 689.0 2.324M
YoY Change -99.97%
NET CHANGE
Cash From Operating Activities -4.196M -4.209M
Cash From Investing Activities 0.000 -39.52K
Cash From Financing Activities 689.0 2.324M
Net Change In Cash -4.200M -1.881M
YoY Change 123.32%
FREE CASH FLOW
Cash From Operating Activities -$4.196M -$4.209M
Capital Expenditures $0.00 $39.52K
Free Cash Flow -$4.196M -$4.248M
YoY Change -1.22%

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<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(9) Contingencies </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company may currently be, or may become, a party to legal proceedings. While the Company currently believes that the ultimate outcome of any of these proceedings will not have a material adverse effect on its financial position, results of operations, or liquidity, litigation is subject to inherent uncertainty and consumes both cash and management attention. </p>

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