2021 Q3 Form 10-Q Financial Statement

#000147793221008111 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $1.915M $83.23K
YoY Change 2201.04% -23.53%
Cost Of Revenue $1.073M $189.0K
YoY Change 467.66% -17.27%
Gross Profit $842.1K -$106.8K
YoY Change -888.64% -10.73%
Gross Profit Margin 43.97% -128.3%
Selling, General & Admin $211.4K $99.72K
YoY Change 111.97% -7.14%
% of Gross Profit 25.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.9K $110.6K
YoY Change 172.1% -23.54%
% of Gross Profit 35.73%
Operating Expenses $211.4K $99.72K
YoY Change 111.97% -7.14%
Operating Profit $630.8K -$206.5K
YoY Change -405.45% -9.03%
Interest Expense $382.00 $100.9K
YoY Change -99.62% -81.22%
% of Operating Profit 0.06%
Other Income/Expense, Net $716.7K -$182.3K
YoY Change -493.19%
Pretax Income $1.347M -$388.8K
YoY Change -446.59% -244.26%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $1.347M -$388.8K
YoY Change -446.59% -244.26%
Net Earnings / Revenue 70.36% -467.13%
Basic Earnings Per Share $0.01 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 203.6M shares 112.0M shares
Diluted Shares Outstanding 285.5M shares 112.0M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $687.3K $102.4K
YoY Change 570.97% 67.0%
Cash & Equivalents $687.3K $102.4K
Short-Term Investments
Other Short-Term Assets $60.93K $6.500K
YoY Change 837.38% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $748.3K $108.9K
YoY Change 586.86% 60.58%
LONG-TERM ASSETS
Property, Plant & Equipment $3.249M $3.160M
YoY Change 2.85% 205.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.460M $700.00
YoY Change 1351324.29% 0.0%
Other Assets $1.262M $89.74K
YoY Change 1306.37% 820.41%
Total Long-Term Assets $13.97M $453.4K
YoY Change 2981.56% -56.56%
TOTAL ASSETS
Total Short-Term Assets $748.3K $108.9K
Total Long-Term Assets $13.97M $453.4K
Total Assets $14.72M $562.3K
YoY Change 2517.64% -49.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.75K $100.4K
YoY Change -73.35% 157.66%
Accrued Expenses $2.963K $23.66K
YoY Change -87.48% -41.28%
Deferred Revenue
YoY Change
Short-Term Debt $7.580K $25.41K
YoY Change -70.17% -95.8%
Long-Term Debt Due $196.2K
YoY Change
Total Short-Term Liabilities $413.9K $668.2K
YoY Change -38.05% -41.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $146.3K
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $146.3K
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $413.9K $668.2K
Total Long-Term Liabilities $0.00 $146.3K
Total Liabilities $413.9K $814.5K
YoY Change -49.18% -28.71%
SHAREHOLDERS EQUITY
Retained Earnings -$43.86M
YoY Change
Common Stock $205.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.18M -$252.2K
YoY Change
Total Liabilities & Shareholders Equity $14.72M $562.3K
YoY Change 2517.64% -49.41%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $1.347M -$388.8K
YoY Change -446.59% -244.26%
Depreciation, Depletion And Amortization $300.9K $110.6K
YoY Change 172.1% -23.54%
Cash From Operating Activities $341.00 -$210.4K
YoY Change -100.16% 12.73%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $209.6K
YoY Change -100.0% -290.1%
Acquisitions
YoY Change
Other Investing Activities -$1.399M $196.8K
YoY Change -810.79% 212.56%
Cash From Investing Activities -$1.399M -$12.82K
YoY Change 10813.25% -72.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$11.57K $319.0K
YoY Change -103.63% 29.15%
NET CHANGE
Cash From Operating Activities $341.00 -$210.4K
Cash From Investing Activities -$1.399M -$12.82K
Cash From Financing Activities -$11.57K $319.0K
Net Change In Cash -$1.410M $95.76K
YoY Change -1572.64% 634.92%
FREE CASH FLOW
Cash From Operating Activities $341.00 -$210.4K
Capital Expenditures $0.00 $209.6K
Free Cash Flow $341.00 -$420.1K
YoY Change -100.08% 449.96%

Facts In Submission

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PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain amounts in the financial statements for prior year periods have been reclassified to conform to the presentation for the current year periods.</p>
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4071725 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3680939 USD
CY2021Q3 intv Less Accumulated Depreciation And Amortization
LessAccumulatedDepreciationAndAmortization
-822271 USD
CY2020Q3 intv Less Accumulated Depreciation And Amortization
LessAccumulatedDepreciationAndAmortization
-521416 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3249454 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3159523 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
300855 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
110572 USD
CY2021Q2 us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
12 equal batches of 400 units, starting in August 2021 and through July 2022
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
34047600 USD
CY2021Q2 us-gaap Long Term Purchase Commitment Description
LongTermPurchaseCommitmentDescription
The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021
CY2021Q3 us-gaap Debt Conversion Original Debt Interest Rate Of Debt
DebtConversionOriginalDebtInterestRateOfDebt
0.01 pure
CY2021Q3 us-gaap Notes Payable Current
NotesPayableCurrent
7583 USD
CY2019Q1 intv Revised Authorized Preferred Shares
RevisedAuthorizedPreferredShares
20000000 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
204961362 shares
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
194487662 shares
CY2021Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
30000000 shares
CY2021Q3 intv Number Of Warrants Outstanding Beginning
NumberOfWarrantsOutstandingBeginning
41000000 shares
CY2021Q3 intv Weighted Average Exercise Price Beginning
WeightedAverageExercisePriceBeginning
0.30
CY2021Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2021Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2021Q3 intv Number Of Warrants Outstanding Ending
NumberOfWarrantsOutstandingEnding
41000000 shares
CY2021Q3 intv Weighted Average Exercise Price Outstanding And Exercisable Ending
WeightedAverageExercisePriceOutstandingAndExercisableEnding
0.30
CY2021Q3 intv Weighted Average Remaining Contract Term Outstanding And Exercisable Years
WeightedAverageRemainingContractTermOutstandingAndExercisableYears
4.47
CY2021Q3 intv Aggergate Intrinsic Value Outstanding And Exercisable
AggergateIntrinsicValueOutstandingAndExercisable
330000 USD
CY2021Q3 intv Closing Price Of The Common Stock
ClosingPriceOfTheCommonStock
0.33
CY2021Q1 intv Term Of Agreement
TermOfAgreement
P90Y

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