2021 Q4 Form 10-Q Financial Statement

#000114036121037952 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $3.975M $3.616M $2.307M
YoY Change -5.55% 56.77% 26.86%
Cost Of Revenue $2.208M $2.495M $1.497M
YoY Change 19.89% 66.59% 39.78%
Gross Profit $1.766M $1.122M $809.2K
YoY Change -25.35% 38.62% 8.32%
Gross Profit Margin 44.44% 31.02% 35.08%
Selling, General & Admin $489.3K $491.7K $389.2K
YoY Change 26.58% 26.34% -27.2%
% of Gross Profit 27.7% 43.84% 48.1%
Research & Development $664.9K $239.1K $96.93K
YoY Change 146.68% 53.1%
% of Gross Profit 37.64% 21.32% 11.98%
Depreciation & Amortization $30.30K $26.53K $34.86K
YoY Change -19.2% -23.9% -81.83%
% of Gross Profit 1.72% 2.37% 4.31%
Operating Expenses $1.154M $239.1K $486.1K
YoY Change 30.46% -50.82% -18.7%
Operating Profit $612.2K $882.5K $323.0K
YoY Change -58.68% 173.21% 116.79%
Interest Expense $12.61K -$390.00 -$5.194K
YoY Change -354.75% -92.49%
% of Operating Profit 2.06% -0.04% -1.61%
Other Income/Expense, Net -$148.9K $12.60K -$4.669K
YoY Change 149.36% -369.87% -214.02%
Pretax Income $476.0K $403.0K $318.4K
YoY Change -66.41% 26.59% 107.94%
Income Tax $199.7K -$579.0K $24.75K
% Of Pretax Income 41.95% -143.68% 7.77%
Net Earnings $447.5K $981.9K $293.6K
YoY Change -69.42% 234.46% 37.56%
Net Earnings / Revenue 11.26% 27.15% 12.73%
Basic Earnings Per Share $0.03 $0.01
Diluted Earnings Per Share $12.78K $0.03 $0.01
COMMON SHARES
Basic Shares Outstanding 35.03M 35.03M 35.03M
Diluted Shares Outstanding 35.03M 35.03M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.422M $3.343M $4.219M
YoY Change -16.45% -20.78% 255.82%
Cash & Equivalents $3.706M $2.639M $3.512M
Short-Term Investments $716.2K $703.9K $707.3K
Other Short-Term Assets $2.592M $3.296M $3.113M
YoY Change -16.92% 5.9% 0.35%
Inventory
Prepaid Expenses
Receivables $5.300M $4.288M $1.244M
Other Receivables $126.5K $126.6K $152.5K
Total Short-Term Assets $12.44M $11.05M $8.729M
YoY Change 7.65% 26.63% 27.38%
LONG-TERM ASSETS
Property, Plant & Equipment $105.4K $89.40K $127.1K
YoY Change -10.94% -29.67% -36.51%
Goodwill
YoY Change
Intangibles $438.8K $202.6K
YoY Change 88.8% 43.1%
Long-Term Investments $93.17K $93.22K $145.8K
YoY Change -8.22% -36.05% 58.56%
Other Assets $1.330M $1.588M $1.155M
YoY Change 15.48% 37.48% -26.76%
Total Long-Term Assets $1.966M $1.979M $1.630M
YoY Change 22.58% 21.38% -18.91%
TOTAL ASSETS
Total Short-Term Assets $12.44M $11.05M $8.729M
Total Long-Term Assets $1.966M $1.979M $1.630M
Total Assets $14.41M $13.03M $10.36M
YoY Change 9.47% 25.8% 16.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $320.3K $599.9K $387.0K
YoY Change -48.92% 54.99% -38.98%
Accrued Expenses $2.546M $1.656M $1.339M
YoY Change 38.71% 23.7% 62.68%
Deferred Revenue
YoY Change
Short-Term Debt $337.4K $738.7K $468.7K
YoY Change -33.25% 57.62% 2.37%
Long-Term Debt Due $0.00 $21.09K $74.56K
YoY Change -100.0% -71.71% 258.4%
Total Short-Term Liabilities $3.516M $3.036M $2.969M
YoY Change -9.01% 2.23% 41.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $191.7K
YoY Change -100.0% -48.82%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $191.7K
YoY Change -100.0% -48.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.516M $3.036M $2.969M
Total Long-Term Liabilities $0.00 $0.00 $191.7K
Total Liabilities $3.516M $3.041M $3.161M
YoY Change -9.01% -3.8% 28.0%
SHAREHOLDERS EQUITY
Retained Earnings $7.682M $4.054M
YoY Change 39.22% 15.92%
Common Stock $3.717M $3.717M
YoY Change 0.0% 1.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $709.5K $709.5K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $9.963M $9.991M $6.717M
YoY Change
Total Liabilities & Shareholders Equity $14.41M $13.03M $10.36M
YoY Change 9.47% 25.8% 16.88%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $447.5K $981.9K $293.6K
YoY Change -69.42% 234.46% 37.56%
Depreciation, Depletion And Amortization $30.30K $26.53K $34.86K
YoY Change -19.2% -23.9% -81.83%
Cash From Operating Activities $1.190M -$306.4K $2.046M
YoY Change 46.77% -114.98% -1658.35%
INVESTING ACTIVITIES
Capital Expenditures -$285.8K -$22.32K -$7.860K
YoY Change 793.71% 183.97% -96.8%
Acquisitions
YoY Change
Other Investing Activities -$13.16K $20.52K -$36.45K
YoY Change -119.27% -156.3% -608.37%
Cash From Investing Activities -$299.0K -$1.800K -$44.31K
YoY Change -923.61% -95.94% -81.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 216.4K -373.0K 432.5K
YoY Change -213.65% -186.24% -1779.5%
NET CHANGE
Cash From Operating Activities 1.190M -306.4K 2.046M
Cash From Investing Activities -299.0K -1.800K -44.31K
Cash From Financing Activities 216.4K -373.0K 432.5K
Net Change In Cash 1.107M -681.2K 2.434M
YoY Change 68.63% -127.99% -715.9%
FREE CASH FLOW
Cash From Operating Activities $1.190M -$306.4K $2.046M
Capital Expenditures -$285.8K -$22.32K -$7.860K
Free Cash Flow $1.475M -$284.1K $2.054M
YoY Change 75.12% -113.83% 1700.69%

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