2021 Form 10-K Financial Statement
#000121390021049679 Filed on September 24, 2021
Income Statement
| Concept | 2021 | 2020 Q2 | 2020 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $4.479M | $650.0K | $3.560M |
| YoY Change | 25.82% | -52.21% | -40.17% |
| % of Gross Profit | |||
| Research & Development | $5.338M | $970.0K | $5.810M |
| YoY Change | -8.12% | -46.99% | |
| % of Gross Profit | |||
| Depreciation & Amortization | $120.9K | $70.00K | $160.0K |
| YoY Change | -24.46% | 250.0% | 77.78% |
| % of Gross Profit | |||
| Operating Expenses | $9.938M | $1.590M | $9.030M |
| YoY Change | 10.06% | -50.47% | -12.42% |
| Operating Profit | -$10.20M | ||
| YoY Change | |||
| Interest Expense | $95.54K | -$70.00K | $190.0K |
| YoY Change | -49.72% | -450.0% | -34.48% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$360.4K | $0.00 | |
| YoY Change | |||
| Pretax Income | -$10.20M | -$1.670M | -$8.840M |
| YoY Change | 15.42% | -47.65% | -11.69% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$10.20M | -$1.670M | -$8.840M |
| YoY Change | 15.42% | -47.65% | -11.69% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$37.96 | ||
| Diluted Earnings Per Share | -$1.518M | -$319.9K | -$1.693M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 268.8K shares | ||
| Diluted Shares Outstanding | 268.8K shares |
Balance Sheet
| Concept | 2021 | 2020 Q2 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $7.410M | $5.850M | $5.850M |
| YoY Change | 26.66% | -57.55% | -57.55% |
| Cash & Equivalents | $7.363M | $5.810M | $5.810M |
| Short-Term Investments | $46.46K | $40.00K | $40.00K |
| Other Short-Term Assets | $956.8K | $420.0K | $420.0K |
| YoY Change | 127.8% | 31.25% | 31.25% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $11.92K | $50.00K | $50.00K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $8.378M | $6.310M | $6.310M |
| YoY Change | 32.78% | -55.47% | -55.47% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $326.6K | $400.0K | $400.0K |
| YoY Change | -18.35% | 900.0% | 900.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $14.66K | $0.00 | |
| YoY Change | |||
| Total Long-Term Assets | $1.403M | $1.490M | $1.490M |
| YoY Change | -5.84% | 56.84% | 56.84% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $8.378M | $6.310M | $6.310M |
| Total Long-Term Assets | $1.403M | $1.490M | $1.490M |
| Total Assets | $9.781M | $7.800M | $7.800M |
| YoY Change | 25.4% | -48.41% | -48.41% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.135M | $1.610M | $1.610M |
| YoY Change | 32.6% | 35.29% | 35.29% |
| Accrued Expenses | $80.48K | $70.00K | $70.00K |
| YoY Change | 14.97% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $70.00K | $70.00K | |
| YoY Change | |||
| Total Short-Term Liabilities | $2.215M | $1.680M | $1.680M |
| YoY Change | 31.87% | 41.18% | 41.18% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $250.0K | $250.0K |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | $189.3K | $0.00 | $0.00 |
| YoY Change | |||
| Total Long-Term Liabilities | $189.3K | $250.0K | $250.0K |
| YoY Change | -24.28% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.215M | $1.680M | $1.680M |
| Total Long-Term Liabilities | $189.3K | $250.0K | $250.0K |
| Total Liabilities | $2.405M | $1.920M | $1.920M |
| YoY Change | 25.24% | 61.34% | 61.34% |
| 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 | $7.377M | $5.878M | $5.880M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $9.781M | $7.800M | $7.800M |
| YoY Change | 25.4% | -48.41% | -48.41% |
Cashflow Statement
| Concept | 2021 | 2020 Q2 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$10.20M | -$1.670M | -$8.840M |
| YoY Change | 15.42% | -47.65% | -11.69% |
| Depreciation, Depletion And Amortization | $120.9K | $70.00K | $160.0K |
| YoY Change | -24.46% | 250.0% | 77.78% |
| Cash From Operating Activities | -$9.791M | -$1.300M | -$7.280M |
| YoY Change | 34.49% | -27.78% | 9.97% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.730K | $0.00 | -$40.00K |
| YoY Change | -95.68% | -100.0% | 33.33% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$100.0K | $3.730M |
| YoY Change | -100.0% | -105.71% | -281.07% |
| Cash From Investing Activities | -$1.730K | -$110.0K | $3.680M |
| YoY Change | -100.05% | -106.32% | -276.08% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | -100.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 10.85M | -100.0K | -100.0K |
| YoY Change | -10954.72% | -300.0% | -147.62% |
| NET CHANGE | |||
| Cash From Operating Activities | -9.791M | -1.300M | -7.280M |
| Cash From Investing Activities | -1.730K | -110.0K | 3.680M |
| Cash From Financing Activities | 10.85M | -100.0K | -100.0K |
| Net Change In Cash | 1.062M | -1.510M | -3.700M |
| YoY Change | -128.71% | 15000.0% | -56.47% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$9.791M | -$1.300M | -$7.280M |
| Capital Expenditures | -$1.730K | $0.00 | -$40.00K |
| Free Cash Flow | -$9.789M | -$1.300M | -$7.240M |
| YoY Change | 35.21% | -26.97% | 9.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Common Stock Shares Authorized Unlimited
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Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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Unrealized Gain Loss On Derivative Warrants Liability
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