2022 Q1 Form 10-Q Financial Statement
#000166357722000303 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $19.42M | $14.20M |
| YoY Change | 36.78% | 182.97% |
| Cost Of Revenue | $18.94M | $13.71M |
| YoY Change | 38.11% | 164.75% |
| Gross Profit | $484.1K | $487.4K |
| YoY Change | -0.68% | -402.45% |
| Gross Profit Margin | 2.49% | 3.43% |
| Selling, General & Admin | $900.1K | $1.498M |
| YoY Change | -39.92% | 15.46% |
| % of Gross Profit | 185.95% | 307.39% |
| Research & Development | $45.16K | |
| YoY Change | ||
| % of Gross Profit | 9.33% | |
| Depreciation & Amortization | $33.55K | $20.56K |
| YoY Change | 63.18% | 53.09% |
| % of Gross Profit | 6.93% | 4.22% |
| Operating Expenses | $978.8K | $1.498M |
| YoY Change | -34.66% | 15.46% |
| Operating Profit | -$494.7K | -$1.011M |
| YoY Change | -51.05% | -30.71% |
| Interest Expense | -$14.89K | -$352.5K |
| YoY Change | -95.78% | -85.68% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$4.410K | $24.57K |
| YoY Change | -117.95% | 126.24% |
| Pretax Income | -$524.7K | -$1.878M |
| YoY Change | -72.07% | -51.95% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$555.0K | -$1.942M |
| YoY Change | -71.43% | -50.07% |
| Net Earnings / Revenue | -2.86% | -13.68% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$3.761K | -$16.39K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.227M | $3.033M |
| YoY Change | 39.38% | 1078.64% |
| Cash & Equivalents | $4.227M | $3.033M |
| Short-Term Investments | ||
| Other Short-Term Assets | $141.1K | $117.8K |
| YoY Change | 19.77% | 36.73% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $2.604M | $2.462M |
| Other Receivables | $399.6K | $221.8K |
| Total Short-Term Assets | $7.372M | $5.835M |
| YoY Change | 26.35% | 92.4% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $398.9K | $335.8K |
| YoY Change | 18.81% | 4.93% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $441.3K | $432.1K |
| YoY Change | 2.14% | 2.53% |
| Total Long-Term Assets | $2.478M | $2.334M |
| YoY Change | 6.16% | 6.21% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $7.372M | $5.835M |
| Total Long-Term Assets | $2.478M | $2.334M |
| Total Assets | $9.850M | $8.168M |
| YoY Change | 20.58% | 56.18% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.522M | $2.056M |
| YoY Change | -25.99% | -9.64% |
| Accrued Expenses | $232.7K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $336.1K | $1.928M |
| YoY Change | -82.56% | -52.74% |
| Total Short-Term Liabilities | $2.650M | $6.409M |
| YoY Change | -58.66% | -41.62% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $108.4K | $248.6K |
| YoY Change | -56.37% | 44.61% |
| Other Long-Term Liabilities | $154.7K | $151.4K |
| YoY Change | 2.14% | -30.07% |
| Total Long-Term Liabilities | $263.1K | $400.0K |
| YoY Change | -34.22% | 2.98% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.650M | $6.409M |
| Total Long-Term Liabilities | $263.1K | $400.0K |
| Total Liabilities | $1.947M | $5.919M |
| YoY Change | -67.11% | -43.32% |
| 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 | $7.903M | $2.250M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.850M | $8.168M |
| YoY Change | 20.58% | 56.18% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$555.0K | -$1.942M |
| YoY Change | -71.43% | -50.07% |
| Depreciation, Depletion And Amortization | $33.55K | $20.56K |
| YoY Change | 63.18% | 53.09% |
| Cash From Operating Activities | -$447.7K | -$1.042M |
| YoY Change | -57.05% | 92.33% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$24.92K | -$18.35K |
| YoY Change | 35.8% | -59.47% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$60.00K |
| YoY Change | -100.0% | 347.76% |
| Cash From Investing Activities | -$24.92K | -$78.35K |
| YoY Change | -68.19% | 33.52% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.368M | 3.417M |
| YoY Change | -59.96% | 482.17% |
| NET CHANGE | ||
| Cash From Operating Activities | -447.7K | -1.042M |
| Cash From Investing Activities | -24.92K | -78.35K |
| Cash From Financing Activities | 1.368M | 3.417M |
| Net Change In Cash | 895.4K | 2.296M |
| YoY Change | -61.0% | -16871.66% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$447.7K | -$1.042M |
| Capital Expenditures | -$24.92K | -$18.35K |
| Free Cash Flow | -$422.7K | -$1.024M |
| YoY Change | -58.71% | 106.17% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Common Stock Shares Subscriptions
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| CY2022Q1 | IQST |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss1
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Increase Decrease In Derivative Liabilities
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Prepayment And Default Penalty
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Increase Decrease In Due From Related Parties
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Payments To Acquire Businesses Net Of Cash Acquired
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| CY2021Q1 | IQST |
Proceeds From Common Stock Options Subscribed Unissued
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| CY2022Q1 | us-gaap |
Repayments Of Convertible Debt
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| CY2022Q1 | us-gaap |
Long Term Loans Payable
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| CY2021Q4 | us-gaap |
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