2023 Q3 Form 10-Q Financial Statement

#000149315223027740 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $500.0K $508.5K
YoY Change 614.39% 686.5%
% of Gross Profit
Research & Development $260.8K $234.0K
YoY Change 3704.76%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $759.5K $742.5K
YoY Change 985.24% 948.61%
Operating Profit -$759.5K -$742.5K
YoY Change 985.24% 948.61%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$660.0K -$654.5K
YoY Change 749.53% 743.78%
Income Tax
% Of Pretax Income
Net Earnings -$664.8K -$654.5K
YoY Change 755.64% 743.81%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 172.0M shares 171.8M shares
Diluted Shares Outstanding 172.0M shares 172.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.540M $10.10M
YoY Change 17879.65% 40382.28%
Cash & Equivalents $9.538M $10.10M
Short-Term Investments
Other Short-Term Assets $70.00K $58.01K
YoY Change 595.83% 327.49%
Inventory
Prepaid Expenses $70.07K $58.01K
Receivables
Other Receivables
Total Short-Term Assets $9.608M $10.16M
YoY Change 15122.03% 26273.64%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $9.608M $10.16M
Total Long-Term Assets $0.00 $0.00
Total Assets $9.608M $10.16M
YoY Change 15122.03% 26273.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.15K $11.75K
YoY Change -71.47% -96.23%
Accrued Expenses $63.29K $32.11K
YoY Change 81.62% 18.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $156.4K $43.86K
YoY Change -85.62% -95.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.000M $3.000M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $3.000M $3.000M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $156.4K $43.86K
Total Long-Term Liabilities $3.000M $3.000M
Total Liabilities $3.156M $3.044M
YoY Change -22.78% -22.65%
SHAREHOLDERS EQUITY
Retained Earnings -$47.61M -$46.95M
YoY Change -18.01% -18.98%
Common Stock $54.06M $54.06M
YoY Change 7.94% 7.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.451M $7.114M
YoY Change
Total Liabilities & Shareholders Equity $9.608M $10.16M
YoY Change 15122.03% 26273.64%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$664.8K -$654.5K
YoY Change 755.64% 743.81%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$560.0K -$682.6K
YoY Change 979.21% 1010.13%
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 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -560.0K -682.6K
Cash From Investing Activities
Cash From Financing Activities 0.000 0.000
Net Change In Cash -560.0K -682.6K
YoY Change -2092.17% 5840.99%
FREE CASH FLOW
Cash From Operating Activities -$560.0K -$682.6K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_84B_eus-gaap--UseOfEstimates_z5BSOb0Z09R5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86C_zIflqW7qXnAc">Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.2pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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