2021 Q4 Form 10-K Financial Statement
#000121390022016727 Filed on March 31, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | |
| YoY Change | |||
| Cost Of Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Gross Profit | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $827.7K | $10.28M | $452.5K |
| YoY Change | 82.92% | 490.4% | 44.06% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $4.650K | $17.94K | $4.170K |
| YoY Change | 11.51% | 43.52% | |
| % of Gross Profit | |||
| Operating Expenses | $832.3K | $10.30M | $456.6K |
| YoY Change | 82.27% | 487.22% | 45.39% |
| Operating Profit | -$832.3K | -$10.30M | -$456.6K |
| YoY Change | 82.27% | 487.22% | 45.39% |
| Interest Expense | -$155.1K | $1.246M | -$860.4K |
| YoY Change | -81.98% | -159.31% | -225.49% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Pretax Income | -$1.241M | -$14.49M | -$1.362M |
| YoY Change | -8.85% | 166.23% | -14.86% |
| Income Tax | $0.00 | $0.00 | |
| % Of Pretax Income | |||
| Net Earnings | -$1.229M | -$14.48M | -$1.362M |
| YoY Change | -9.79% | 165.99% | 593.11% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.04 | ||
| Diluted Earnings Per Share | -$3.336K | -$43.32K | -$7.103K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 334.3M shares | 191.1M shares | |
| Diluted Shares Outstanding | 334.3M shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $5.450M | $5.450M | $94.70K |
| YoY Change | 5654.75% | 5654.75% | 3077.85% |
| Cash & Equivalents | $5.450M | $94.70K | |
| Short-Term Investments | |||
| Other Short-Term Assets | $85.03K | $85.03K | $5.270K |
| YoY Change | 1513.55% | 1513.47% | -90.43% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $5.535M | $5.535M | $99.97K |
| YoY Change | 5436.45% | 5436.45% | 72.24% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $28.80K | $28.80K | $89.43K |
| YoY Change | -67.8% | -67.8% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $625.0K | $0.00 | |
| YoY Change | |||
| Long-Term Investments | $500.0K | $500.0K | $0.00 |
| YoY Change | -100.0% | ||
| Other Assets | $34.80K | $34.80K | $4.000K |
| YoY Change | 770.0% | 770.0% | |
| Total Long-Term Assets | $1.189M | $1.189M | $93.43K |
| YoY Change | 1172.18% | 1172.18% | -90.84% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.535M | $5.535M | $99.97K |
| Total Long-Term Assets | $1.189M | $1.189M | $93.43K |
| Total Assets | $6.723M | $6.723M | $193.4K |
| YoY Change | 3376.41% | 3376.42% | -82.06% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $465.2K | $465.2K | $461.6K |
| YoY Change | 0.79% | 0.79% | 46.76% |
| Accrued Expenses | $0.00 | $0.00 | $44.13K |
| YoY Change | -100.0% | -100.0% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $1.961M | $1.961M | $931.3K |
| YoY Change | 110.61% | 110.61% | 106.48% |
| Long-Term Debt Due | $0.00 | $0.00 | $60.29K |
| YoY Change | -100.0% | -100.0% | |
| Total Short-Term Liabilities | $2.834M | $2.834M | $4.464M |
| YoY Change | -36.52% | -36.52% | 167.11% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $158.4K | $158.4K | $152.7K |
| YoY Change | 3.68% | 3.68% | |
| Other Long-Term Liabilities | $0.00 | $0.00 | $7.790K |
| YoY Change | -100.0% | -100.0% | |
| Total Long-Term Liabilities | $158.4K | $158.4K | $160.5K |
| YoY Change | -1.35% | -1.35% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.834M | $2.834M | $4.464M |
| Total Long-Term Liabilities | $158.4K | $158.4K | $160.5K |
| Total Liabilities | $2.992M | $3.027M | $4.624M |
| YoY Change | -35.3% | -34.53% | 176.71% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$42.11M | ||
| YoY Change | |||
| Common Stock | $36.79K | $19.36K | |
| YoY Change | 90.0% | 50.22% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.696M | $3.696M | -$4.431M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $6.723M | $6.723M | $193.4K |
| YoY Change | 3376.41% | 3376.42% | -82.06% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.229M | -$14.48M | -$1.362M |
| YoY Change | -9.79% | 165.99% | 593.11% |
| Depreciation, Depletion And Amortization | $4.650K | $17.94K | $4.170K |
| YoY Change | 11.51% | 43.52% | |
| Cash From Operating Activities | -$724.4K | -$2.608M | -$305.0K |
| YoY Change | 137.52% | 107.61% | 21.45% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$375.0K | -$634.2K | $0.00 |
| YoY Change | 1168.46% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$30.00K | -$534.8K | |
| YoY Change | |||
| Cash From Investing Activities | -$405.0K | -$1.169M | $0.00 |
| YoY Change | 2238.06% | -100.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 48.00K | 9.132M | 275.3K |
| YoY Change | -82.56% | 553.23% | -50.05% |
| NET CHANGE | |||
| Cash From Operating Activities | -724.4K | -2.608M | -305.0K |
| Cash From Investing Activities | -405.0K | -1.169M | 0.000 |
| Cash From Financing Activities | 48.00K | 9.132M | 275.3K |
| Net Change In Cash | -1.081M | 5.355M | -29.71K |
| YoY Change | 3539.85% | 5738.48% | -109.82% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$724.4K | -$2.608M | -$305.0K |
| Capital Expenditures | -$375.0K | -$634.2K | $0.00 |
| Free Cash Flow | -$349.4K | -$1.974M | -$305.0K |
| YoY Change | 14.56% | 63.63% |
Facts In Submission
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