2023 Q4 Form 10-Q Financial Statement

#000149315223040351 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $588.4K $500.0K
YoY Change 38.88% 614.39%
% of Gross Profit
Research & Development $684.9K $260.8K
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.273M $759.5K
YoY Change 200.55% 985.24%
Operating Profit -$759.5K
YoY Change 985.24%
Interest Expense $106.0K
YoY Change -3255.06%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.167M -$660.0K
YoY Change -109.4% 749.53%
Income Tax
% Of Pretax Income
Net Earnings -$1.167M -$664.8K
YoY Change -109.47% 755.64%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 172.0M shares 172.0M shares
Diluted Shares Outstanding 172.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.840M $9.540M
YoY Change -26.03% 17879.65%
Cash & Equivalents $8.840M $9.538M
Short-Term Investments
Other Short-Term Assets $109.2K $70.00K
YoY Change 357.07% 595.83%
Inventory
Prepaid Expenses $70.07K
Receivables
Other Receivables
Total Short-Term Assets $8.949M $9.608M
YoY Change -25.27% 15122.03%
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 $8.949M $9.608M
Total Long-Term Assets $0.00 $0.00
Total Assets $8.949M $9.608M
YoY Change -25.27% 15122.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.73K $93.15K
YoY Change -76.76% -71.47%
Accrued Expenses $631.4K $63.29K
YoY Change 414.94% 81.62%
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 $665.2K $156.4K
YoY Change -2.01% -85.62%
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 $665.2K $156.4K
Total Long-Term Liabilities $3.000M $3.000M
Total Liabilities $3.665M $3.156M
YoY Change -0.37% -22.78%
SHAREHOLDERS EQUITY
Retained Earnings -$48.78M -$47.61M
YoY Change 6.61% -18.01%
Common Stock $17.20K $54.06M
YoY Change -99.97% 7.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.284M $6.451M
YoY Change
Total Liabilities & Shareholders Equity $8.949M $9.608M
YoY Change -25.27% 15122.03%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$1.167M -$664.8K
YoY Change -109.47% 755.64%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$700.3K -$560.0K
YoY Change -105.89% 979.21%
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 -1.000K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -700.3K -560.0K
Cash From Investing Activities
Cash From Financing Activities -1.000K 0.000
Net Change In Cash -701.3K -560.0K
YoY Change -105.89% -2092.17%
FREE CASH FLOW
Cash From Operating Activities -$700.3K -$560.0K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_846_eus-gaap--UseOfEstimates_z7ioAVgsTyVd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_862_zyPducTEPjge">Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.2pt; text-align: justify"><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; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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