2022 Q1 Form 10-Q Financial Statement
#000114036122019002 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.736M | $1.700M |
| YoY Change | 2.12% | 34.92% |
| % of Gross Profit | ||
| Research & Development | $4.772M | $3.482M |
| YoY Change | 37.05% | 662.28% |
| % of Gross Profit | ||
| Depreciation & Amortization | $1.000K | $1.000K |
| YoY Change | 0.0% | -80.0% |
| % of Gross Profit | ||
| Operating Expenses | $6.508M | $5.186M |
| YoY Change | 25.49% | 89.62% |
| Operating Profit | -$6.508M | -$5.186M |
| YoY Change | 25.49% | 89.62% |
| Interest Expense | $5.000K | $0.00 |
| YoY Change | -100.0% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$82.00K | $1.000K |
| YoY Change | -8300.0% | -104.17% |
| Pretax Income | -$6.595M | -$39.01M |
| YoY Change | -83.1% | 1163.41% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$6.595M | -$39.01M |
| YoY Change | -83.1% | 1163.41% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.35 | -$3.57 |
| Diluted Earnings Per Share | -$0.35 | -$3.57 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.89M | 10.92M |
| Diluted Shares Outstanding | 18.89M | 10.92M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $19.38M | $10.60M |
| YoY Change | 82.84% | -3.64% |
| Cash & Equivalents | $19.25M | $10.60M |
| Short-Term Investments | $135.0K | |
| Other Short-Term Assets | $1.095M | $26.00K |
| YoY Change | 4111.54% | -91.03% |
| Inventory | ||
| Prepaid Expenses | $1.402M | |
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $20.48M | $12.11M |
| YoY Change | 69.04% | 7.3% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $9.000K | $13.00K |
| YoY Change | -30.77% | -80.46% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $9.000K | $13.00K |
| YoY Change | -30.77% | -95.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $20.48M | $12.11M |
| Total Long-Term Assets | $9.000K | $13.00K |
| Total Assets | $20.49M | $12.13M |
| YoY Change | 68.93% | 4.96% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.579M | $1.415M |
| YoY Change | 11.59% | 58.99% |
| Accrued Expenses | $1.419M | $895.0K |
| YoY Change | 58.55% | 82.65% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $215.0K | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.213M | $2.310M |
| YoY Change | 39.09% | 16.57% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.213M | $2.310M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $3.213M | $2.310M |
| YoY Change | 39.09% | 9.61% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$71.69M | |
| YoY Change | -56.26% | |
| Common Stock | $1.000K | |
| YoY Change | -100.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $17.27M | $9.816M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $20.49M | $12.13M |
| YoY Change | 68.93% | 4.96% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$6.595M | -$39.01M |
| YoY Change | -83.1% | 1163.41% |
| Depreciation, Depletion And Amortization | $1.000K | $1.000K |
| YoY Change | 0.0% | -80.0% |
| Cash From Operating Activities | -$6.170M | -$5.812M |
| YoY Change | 6.16% | 693.99% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 882.0K | 10.00K |
| YoY Change | 8720.0% | -97.77% |
| NET CHANGE | ||
| Cash From Operating Activities | -6.170M | -5.812M |
| Cash From Investing Activities | 0.000 | 0.000 |
| Cash From Financing Activities | 882.0K | 10.00K |
| Net Change In Cash | -5.288M | -5.802M |
| YoY Change | -8.86% | 1942.96% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$6.170M | -$5.812M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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|
Q1 | |
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