2022 Q4 Form 10-Q Financial Statement

#000119312522284610 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $423.6K $69.99K $66.25K
YoY Change 1377.13% 5.65% -75.49%
% of Gross Profit
Research & Development $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $423.6K $69.99K $66.25K
YoY Change 1373.02% 5.64% -78.12%
Operating Profit -$69.99K -$66.25K
YoY Change 5.64% -78.12%
Interest Expense -$3.360K -$7.710K -$4.800K
YoY Change -30.0% 60.63% -48100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $12.42M -$77.69K -$71.05K
YoY Change -37094.96% 9.35% -76.53%
Income Tax $55.11K
% Of Pretax Income 0.44%
Net Earnings $12.32M -$77.69K -$71.05K
YoY Change -36813.2% 9.35% -76.53%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.04 $0.00 -$188.60
COMMON SHARES
Basic Shares Outstanding 376.9M 376.9M 376.7M
Diluted Shares Outstanding 376.9M 376.7M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.95M $53.06K $53.29K
YoY Change 38918.02% -0.43% 45.16%
Cash & Equivalents $12.00M $53.06K $53.29K
Short-Term Investments
Other Short-Term Assets $23.90K $10.06K $36.79K
YoY Change -15.13% -72.66% 4.25%
Inventory
Prepaid Expenses $23.90K $10.06K
Receivables
Other Receivables
Total Short-Term Assets $11.98M $63.12K $90.08K
YoY Change 20271.4% -29.93% 25.11%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.440K
YoY Change -92.31%
Total Long-Term Assets $0.00 $0.00 $2.440K
YoY Change -100.0% -92.31%
TOTAL ASSETS
Total Short-Term Assets $11.98M $63.12K $90.08K
Total Long-Term Assets $0.00 $0.00 $2.440K
Total Assets $11.98M $63.12K $92.52K
YoY Change 20271.4% -31.78% -10.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $145.2K $326.5K $304.8K
YoY Change -48.13% 7.1% 21.19%
Accrued Expenses $122.6K $34.85K $10.16K
YoY Change 719.11% 243.01%
Deferred Revenue
YoY Change
Short-Term Debt $411.0K $411.0K $192.5K
YoY Change 77.92% 113.51% 732.97%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $678.8K $1.088M $590.9K
YoY Change -0.12% 84.08% 28.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $38.50K
YoY Change -100.0% 108.22%
Other Long-Term Liabilities $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $3.000M $3.000M $3.039M
YoY Change 0.0% -1.27% 0.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $678.8K $1.088M $590.9K
Total Long-Term Liabilities $3.000M $3.000M $3.039M
Total Liabilities $3.679M $4.088M $3.629M
YoY Change -0.02% 12.63% 4.38%
SHAREHOLDERS EQUITY
Retained Earnings -$45.75M -$58.07M
YoY Change -20.66%
Common Stock $54.05M $50.09M
YoY Change 7.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.296M -$4.025M -$3.537M
YoY Change
Total Liabilities & Shareholders Equity $11.98M $63.12K $92.52K
YoY Change 20271.4% -31.78% -10.81%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $12.32M -$77.69K -$71.05K
YoY Change -36813.2% 9.35% -76.53%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $11.90M -$51.89K -$40.43K
YoY Change -52607.37% 28.35% -59.82%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 0.000 80.00K 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 11.90M -51.89K -40.43K
Cash From Investing Activities
Cash From Financing Activities 0.000 80.00K 0.000
Net Change In Cash 11.90M 28.11K -40.43K
YoY Change -52607.37% -169.53% -59.82%
FREE CASH FLOW
Cash From Operating Activities $11.90M -$51.89K -$40.43K
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Estimates </div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. </div></div>
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