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 |
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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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CY2022Q1 | us-gaap |
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Preferred Stock Issued For Conversion Of Common Stock Value
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CY2022Q1 | us-gaap |
Increase Decrease In Derivative Liabilities
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CY2022Q1 | us-gaap |
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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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Proceeds From Other Debt
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CY2022Q1 | us-gaap |
Repayments Of Related Party Debt
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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 |
Income Taxes Paid Net
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CY2021Q1 | us-gaap |
Income Taxes Paid Net
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Debt Conversion Converted Instrument Amount1
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CY2022Q1 | us-gaap |
Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
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CY2022Q1 | IQST |
Preferred Stock Issued For Conversion Of Common Stock
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CY2022Q1 | us-gaap |
Long Term Loans Payable
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CY2021Q4 | us-gaap |
Long Term Loans Payable
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