2021 Form 10-K Financial Statement
#000105291821000395 Filed on November 29, 2021
Income Statement
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| Revenue | $57.50M | $14.03M | $44.95M |
| YoY Change | 27.92% | 18.6% | -1.1% |
| Cost Of Revenue | $43.35M | $9.920M | $32.47M |
| YoY Change | 33.52% | 3.66% | -8.48% |
| Gross Profit | $14.15M | $4.110M | $12.47M |
| YoY Change | 13.45% | 81.86% | 25.2% |
| Gross Profit Margin | 24.6% | 29.29% | 27.74% |
| Selling, General & Admin | $10.16M | $1.930M | $8.400M |
| YoY Change | 20.98% | 27.81% | 19.32% |
| % of Gross Profit | 71.84% | 46.96% | 67.36% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $244.3K | $60.00K | $220.0K |
| YoY Change | 11.04% | 20.0% | 15.79% |
| % of Gross Profit | 1.73% | 1.46% | 1.76% |
| Operating Expenses | $10.41M | $1.990M | $8.620M |
| YoY Change | 20.73% | 26.75% | 19.23% |
| Operating Profit | $3.740M | $2.120M | $3.850M |
| YoY Change | -2.87% | 207.25% | 41.03% |
| Interest Expense | -$2.870K | $0.00 | $20.00K |
| YoY Change | -114.35% | -100.0% | -60.0% |
| % of Operating Profit | -0.08% | 0.0% | 0.52% |
| Other Income/Expense, Net | $684.5K | ||
| YoY Change | |||
| Pretax Income | $4.424M | $2.130M | $3.890M |
| YoY Change | 13.73% | 200.0% | 34.6% |
| Income Tax | $949.3K | $560.0K | $1.069M |
| % Of Pretax Income | 21.46% | 26.29% | 27.48% |
| Net Earnings | $3.455M | $1.570M | $2.780M |
| YoY Change | 24.28% | 196.23% | 32.38% |
| Net Earnings / Revenue | 6.01% | 11.19% | 6.18% |
| Basic Earnings Per Share | $0.99 | ||
| Diluted Earnings Per Share | $990.9K | $451.1K | $768.0K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 3.487M shares | ||
| Diluted Shares Outstanding | 3.487M shares |
Balance Sheet
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.184M | $3.800M | $3.800M |
| YoY Change | -68.83% | -60.62% | -60.62% |
| Cash & Equivalents | $1.184M | $3.801M | $3.800M |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.559M | $1.040M | $1.040M |
| YoY Change | 146.04% | 67.74% | 67.74% |
| Inventory | $14.39M | $9.198M | $9.200M |
| Prepaid Expenses | |||
| Receivables | $7.087M | $6.270M | $6.270M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $25.22M | $20.31M | $20.31M |
| YoY Change | 24.18% | 4.26% | 4.26% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.887M | $2.968M | $2.970M |
| YoY Change | 30.86% | 8.81% | 8.79% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $659.00 | ||
| YoY Change | -78.38% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $3.917M | $2.970M | $2.970M |
| YoY Change | 31.9% | 8.79% | 8.79% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $25.22M | $20.31M | $20.31M |
| Total Long-Term Assets | $3.917M | $2.970M | $2.970M |
| Total Assets | $29.14M | $23.28M | $23.28M |
| YoY Change | 25.16% | 4.82% | 4.82% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.350M | $1.100M | $1.100M |
| YoY Change | 22.7% | 168.29% | 168.29% |
| Accrued Expenses | $1.798M | $2.020M | $2.020M |
| YoY Change | -10.99% | 54.2% | 54.2% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $3.000M | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $340.0K | $340.0K |
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $6.148M | $3.490M | $3.490M |
| YoY Change | 76.15% | 102.91% | 102.91% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $340.0K | $340.0K |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $340.0K | $340.0K |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.148M | $3.490M | $3.490M |
| Total Long-Term Liabilities | $0.00 | $340.0K | $340.0K |
| Total Liabilities | $6.265M | $3.930M | $3.930M |
| YoY Change | 59.41% | 120.79% | 120.79% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $821.3K | ||
| YoY Change | -12.34% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $22.87M | $19.35M | $19.35M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $29.14M | $23.28M | $23.28M |
| YoY Change | 25.16% | 4.82% | 4.82% |
Cashflow Statement
| Concept | 2021 | 2020 Q3 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $3.455M | $1.570M | $2.780M |
| YoY Change | 24.28% | 196.23% | 32.38% |
| Depreciation, Depletion And Amortization | $244.3K | $60.00K | $220.0K |
| YoY Change | 11.04% | 20.0% | 15.79% |
| Cash From Operating Activities | -$4.423M | $770.0K | -$2.220M |
| YoY Change | 99.24% | -88.39% | -135.18% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.163M | -$240.0K | -$450.0K |
| YoY Change | 158.39% | 1100.0% | 1400.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$30.76K | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$1.193M | -$250.0K | -$450.0K |
| YoY Change | 165.22% | 733.33% | -255.17% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 3.000M | 0.000 | -3.190M |
| YoY Change | -194.04% | -100.0% | 4.93% |
| NET CHANGE | |||
| Cash From Operating Activities | -4.423M | 770.0K | -2.220M |
| Cash From Investing Activities | -1.193M | -250.0K | -450.0K |
| Cash From Financing Activities | 3.000M | 0.000 | -3.190M |
| Net Change In Cash | -2.617M | 520.0K | -5.860M |
| YoY Change | -55.35% | -91.64% | -264.61% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.423M | $770.0K | -$2.220M |
| Capital Expenditures | -$1.163M | -$240.0K | -$450.0K |
| Free Cash Flow | -$3.260M | $1.010M | -$1.770M |
| YoY Change | 84.21% | -84.81% | -127.92% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | dei |
Entity Central Index Key
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Current Fiscal Year End Date
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2021 | |
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Inventory Net
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|
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Notes Payable
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Notes Payable
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0 | USD |
