2022 Q1 Form 10-Q Financial Statement
#000149315222013792 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $2.053M | $1.480M |
| YoY Change | 38.71% | 51.02% |
| Cost Of Revenue | $861.7K | $260.0K |
| YoY Change | 231.41% | 52.94% |
| Gross Profit | $1.191M | $1.220M |
| YoY Change | -2.36% | 50.62% |
| Gross Profit Margin | 58.03% | 82.43% |
| Selling, General & Admin | $1.826M | $2.020M |
| YoY Change | -9.6% | -7.76% |
| % of Gross Profit | 153.3% | 165.57% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $281.3K | $30.00K |
| YoY Change | 837.57% | -40.0% |
| % of Gross Profit | 23.61% | 2.46% |
| Operating Expenses | $2.107M | $2.050M |
| YoY Change | 2.8% | -8.48% |
| Operating Profit | -$916.2K | -$830.0K |
| YoY Change | 10.39% | -41.96% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $901.00 | |
| YoY Change | ||
| Pretax Income | -$915.3K | -$820.0K |
| YoY Change | 11.62% | -42.66% |
| Income Tax | -$25.79K | -$70.00K |
| % Of Pretax Income | ||
| Net Earnings | -$703.3K | -$770.0K |
| YoY Change | -8.67% | -48.32% |
| Net Earnings / Revenue | -34.26% | -52.03% |
| Basic Earnings Per Share | -$0.11 | |
| Diluted Earnings Per Share | -$43.39K | -$58.07K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 8.104M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.974M | $2.340M |
| YoY Change | 27.08% | 50.0% |
| Cash & Equivalents | $2.974M | $2.340M |
| Short-Term Investments | ||
| Other Short-Term Assets | $826.0K | $400.0K |
| YoY Change | 106.49% | 8.11% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.094M | $1.070M |
| Other Receivables | $350.0K | $0.00 |
| Total Short-Term Assets | $5.244M | $3.810M |
| YoY Change | 37.63% | 72.4% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $441.0K | $480.0K |
| YoY Change | -8.12% | 585.71% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $455.1K | $1.030M |
| YoY Change | -55.81% | -71.86% |
| Total Long-Term Assets | $2.903M | $2.230M |
| YoY Change | 30.19% | -51.2% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $5.244M | $3.810M |
| Total Long-Term Assets | $2.903M | $2.230M |
| Total Assets | $8.147M | $6.040M |
| YoY Change | 34.88% | -10.91% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $460.9K | $430.0K |
| YoY Change | 7.19% | -56.12% |
| Accrued Expenses | $1.784M | $1.560M |
| YoY Change | 14.33% | 43.12% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.897M | $4.500M |
| YoY Change | 8.81% | 13.92% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $528.4K | $460.0K |
| YoY Change | 14.86% | |
| Total Long-Term Liabilities | $528.4K | $460.0K |
| YoY Change | 14.86% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.897M | $4.500M |
| Total Long-Term Liabilities | $528.4K | $460.0K |
| Total Liabilities | $5.674M | $5.070M |
| YoY Change | 11.92% | 21.88% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.473M | $960.0K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.147M | $6.040M |
| YoY Change | 34.88% | -10.91% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$703.3K | -$770.0K |
| YoY Change | -8.67% | -48.32% |
| Depreciation, Depletion And Amortization | $281.3K | $30.00K |
| YoY Change | 837.57% | -40.0% |
| Cash From Operating Activities | -$288.6K | -$730.0K |
| YoY Change | -60.47% | 30.36% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.790K | -$10.00K |
| YoY Change | -82.1% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$1.790K | -$10.00K |
| YoY Change | -82.1% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -140.0K | 1.000M |
| YoY Change | -114.0% | -33.33% |
| NET CHANGE | ||
| Cash From Operating Activities | -288.6K | -730.0K |
| Cash From Investing Activities | -1.790K | -10.00K |
| Cash From Financing Activities | -140.0K | 1.000M |
| Net Change In Cash | -430.4K | 260.0K |
| YoY Change | -265.52% | -72.34% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$288.6K | -$730.0K |
| Capital Expenditures | -$1.790K | -$10.00K |
| Free Cash Flow | -$286.8K | -$720.0K |
| YoY Change | -60.17% | 28.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
| CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
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| CY2021Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
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|
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| CY2021Q1 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
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| CY2022Q1 | IPDN |
Issuance Of Common Stock Related To Settlement
IssuanceOfCommonStockRelatedToSettlement
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| CY2021Q1 | IPDN |
Reduction Of Merchant Reserve
ReductionOfMerchantReserve
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| CY2022Q1 | IPDN |
Increase Decrease In Incremental Direct Costs
IncreaseDecreaseInIncrementalDirectCosts
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| CY2022Q1 | us-gaap |
Payments To Develop Software
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Cash Provided By Used In Investing Activities Discontinued Operations
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Cash Provided By Used In Investing Activities Discontinued Operations
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Proceeds From Issuance Of Common Stock
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Payments For Repurchase Of Equity
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Interest Paid Net
InterestPaidNet
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| CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
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| CY2022Q1 | us-gaap |
Disposal Group Including Discontinued Operation Depreciation And Amortization
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|
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| CY2021Q1 | us-gaap |
Disposal Group Including Discontinued Operation Depreciation And Amortization
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|
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| CY2022Q1 | IPDN |
Disposal Group Including Discontinued Operation Sales And Marketing
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| CY2021Q1 | IPDN |
Disposal Group Including Discontinued Operation Sales And Marketing
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|
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| CY2022Q1 | us-gaap |
Capitalized Computer Software Additions
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|
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| CY2021Q4 | IPDN |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value Oe
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Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
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Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
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| CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
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shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value Oe
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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shares | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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| CY2021Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
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shares | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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|
shares | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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|
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| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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|
USD | |
| CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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