2022 Q3 Form 10-Q Financial Statement

#000114036122030521 Filed on August 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $0.00 $2.855M $3.975M
YoY Change -100.0% -37.39% -5.55%
Cost Of Revenue $0.00 $2.469M $2.208M
YoY Change -100.0% -7.07% 19.89%
Gross Profit $0.00 $385.3K $1.766M
YoY Change -100.0% -79.74% -25.35%
Gross Profit Margin 13.5% 44.44%
Selling, General & Admin $595.7K $489.3K
YoY Change 14.99% 26.58%
% of Gross Profit 154.59% 27.7%
Research & Development $227.6K $664.9K
YoY Change -31.79%
% of Gross Profit 59.06% 37.64%
Depreciation & Amortization $27.08K $30.30K
YoY Change 186.23% -19.2%
% of Gross Profit 7.03% 1.72%
Operating Expenses $0.00 $823.2K $1.154M
YoY Change -100.0% -3.34% 30.46%
Operating Profit $0.00 -$437.9K $612.2K
YoY Change -100.0% -141.69% -58.68%
Interest Expense -$1.804K $12.61K
YoY Change -54.2% -354.75%
% of Operating Profit 2.06%
Other Income/Expense, Net $0.00 $31.81K -$148.9K
YoY Change -100.0% -426.03% 149.36%
Pretax Income $0.00 -$406.1K $476.0K
YoY Change -100.0% -139.02% -66.41%
Income Tax $0.00 $30.88K $199.7K
% Of Pretax Income 41.95%
Net Earnings -$43.08K -$341.3K $447.5K
YoY Change -104.39% -133.85% -69.42%
Net Earnings / Revenue -11.96% 11.26%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$2.184K -$0.01 $12.78K
COMMON SHARES
Basic Shares Outstanding 35.03M 35.03M 35.03M
Diluted Shares Outstanding 19.72M 35.03M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $2.567M $4.422M
YoY Change -100.0% -38.99% -16.45%
Cash & Equivalents $0.00 $1.888M $3.706M
Short-Term Investments $0.00 $679.9K $716.2K
Other Short-Term Assets $0.00 $2.572M $2.592M
YoY Change -100.0% -28.35% -16.92%
Inventory
Prepaid Expenses
Receivables $0.00 $5.625M $5.300M
Other Receivables $0.00 $259.6K $126.5K
Total Short-Term Assets $0.00 $11.02M $12.44M
YoY Change -100.0% -5.38% 7.65%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $109.7K $105.4K
YoY Change -100.0% 4.28% -10.94%
Goodwill
YoY Change
Intangibles $0.00 $378.5K $438.8K
YoY Change 88.8%
Long-Term Investments $0.00 $240.1K $93.17K
YoY Change -100.0% 145.67% -8.22%
Other Assets $0.00 $1.281M $1.330M
YoY Change -100.0% 26.52% 15.48%
Total Long-Term Assets $0.00 $2.008M $1.966M
YoY Change -100.0% 40.71% 22.58%
TOTAL ASSETS
Total Short-Term Assets $0.00 $11.02M $12.44M
Total Long-Term Assets $0.00 $2.008M $1.966M
Total Assets $0.00 $13.03M $14.41M
YoY Change -100.0% -0.35% 9.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $536.7K $320.3K
YoY Change -100.0% -17.5% -48.92%
Accrued Expenses $0.00 $1.974M $2.546M
YoY Change -100.0% 11.19% 38.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $309.4K $337.4K
YoY Change -100.0% -72.5% -33.25%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $0.00 $3.127M $3.516M
YoY Change -100.0% -13.02% -9.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $0.00 $3.127M $3.516M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $0.00 $3.127M $3.516M
YoY Change -100.0% -13.15% -9.01%
SHAREHOLDERS EQUITY
Retained Earnings -$273.4K $7.753M $7.682M
YoY Change 39.22%
Common Stock $2.691M $3.717M $3.717M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $709.5K $709.5K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $0.00 $9.048M $9.963M
YoY Change
Total Liabilities & Shareholders Equity $0.00 $13.03M $14.41M
YoY Change -100.0% -0.35% 9.47%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$43.08K -$341.3K $447.5K
YoY Change -104.39% -133.85% -69.42%
Depreciation, Depletion And Amortization $27.08K $30.30K
YoY Change 186.23% -19.2%
Cash From Operating Activities $801.6K -$1.416M $1.190M
YoY Change -361.61% 62.83% 46.77%
INVESTING ACTIVITIES
Capital Expenditures -$36.56K -$285.8K
YoY Change 134.06% 793.71%
Acquisitions
YoY Change
Other Investing Activities -$3.593M -$407.7K -$13.16K
YoY Change -17608.97% 4983.42% -119.27%
Cash From Investing Activities -$3.541M -$444.3K -$299.0K
YoY Change 196633.89% 1779.31% -923.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -189.9K 255.0K 216.4K
YoY Change -49.08% -46.58% -213.65%
NET CHANGE
Cash From Operating Activities 801.6K -1.416M 1.190M
Cash From Investing Activities -3.541M -444.3K -299.0K
Cash From Financing Activities -189.9K 255.0K 216.4K
Net Change In Cash -2.930M -1.605M 1.107M
YoY Change 330.09% 285.88% 68.63%
FREE CASH FLOW
Cash From Operating Activities $801.6K -$1.416M $1.190M
Capital Expenditures -$36.56K -$285.8K
Free Cash Flow -$1.379M $1.475M
YoY Change 61.53% 75.12%

Facts In Submission

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