2021 Q4 Form 10-Q Financial Statement
#000105291822000006 Filed on January 14, 2022
Income Statement
| Concept | 2021 Q4 |
|---|---|
| Revenue | $12.92M |
| YoY Change | 25.17% |
| Cost Of Revenue | $10.45M |
| YoY Change | 42.22% |
| Gross Profit | $2.465M |
| YoY Change | -16.73% |
| Gross Profit Margin | 19.08% |
| Selling, General & Admin | $2.862M |
| YoY Change | 25.0% |
| % of Gross Profit | 116.13% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $69.64K |
| YoY Change | 39.28% |
| % of Gross Profit | 2.83% |
| Operating Expenses | $2.932M |
| YoY Change | 25.3% |
| Operating Profit | -$467.2K |
| YoY Change | -175.35% |
| Interest Expense | -$20.28K |
| YoY Change | |
| % of Operating Profit | |
| Other Income/Expense, Net | $3.000K |
| YoY Change | |
| Pretax Income | -$484.5K |
| YoY Change | -176.9% |
| Income Tax | $93.32K |
| % Of Pretax Income | |
| Net Earnings | -$391.1K |
| YoY Change | -179.82% |
| Net Earnings / Revenue | -3.03% |
| Basic Earnings Per Share | -$0.11 |
| Diluted Earnings Per Share | -$112.0K |
| COMMON SHARES | |
| Basic Shares Outstanding | 3.491M shares |
| Diluted Shares Outstanding | 3.491M shares |
Balance Sheet
| Concept | 2021 Q4 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $1.235M |
| YoY Change | -78.85% |
| Cash & Equivalents | $1.235M |
| Short-Term Investments | |
| Other Short-Term Assets | $2.623M |
| YoY Change | 212.2% |
| Inventory | $17.22M |
| Prepaid Expenses | |
| Receivables | $5.807M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $26.89M |
| YoY Change | 32.13% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $4.408M |
| YoY Change | 42.12% |
| Goodwill | |
| YoY Change | |
| Intangibles | $30.63K |
| YoY Change | 5013.36% |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $4.438M |
| YoY Change | 43.17% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $26.89M |
| Total Long-Term Assets | $4.438M |
| Total Assets | $31.33M |
| YoY Change | 33.59% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $2.084M |
| YoY Change | 114.89% |
| Accrued Expenses | $1.595M |
| YoY Change | -5.07% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $5.000M |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $8.679M |
| YoY Change | 163.81% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | -100.0% |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $0.00 |
| YoY Change | -100.0% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $8.679M |
| Total Long-Term Liabilities | $0.00 |
| Total Liabilities | $8.805M |
| YoY Change | 143.91% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | $824.0K |
| YoY Change | 0.34% |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $22.52M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $31.33M |
| YoY Change | 33.59% |
Cashflow Statement
| Concept | 2021 Q4 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$391.1K |
| YoY Change | -179.82% |
| Depreciation, Depletion And Amortization | $69.64K |
| YoY Change | 39.28% |
| Cash From Operating Activities | -$1.358M |
| YoY Change | -161.19% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$590.4K |
| YoY Change | 227.99% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | |
| YoY Change | |
| Cash From Investing Activities | -$590.4K |
| YoY Change | 227.99% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 2.000M |
| YoY Change | |
| NET CHANGE | |
| Cash From Operating Activities | -1.358M |
| Cash From Investing Activities | -590.4K |
| Cash From Financing Activities | 2.000M |
| Net Change In Cash | 51.13K |
| YoY Change | -97.49% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$1.358M |
| Capital Expenditures | -$590.4K |
| Free Cash Flow | -$768.1K |
| YoY Change | -132.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
17223927 | USD |
| CY2021Q3 | us-gaap |
Inventory Net
InventoryNet
|
14391365 | USD |
| CY2021Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
30629 | USD |
| CY2021Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
30897 | USD |
| CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
824039 | USD |
| CY2021Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
823171 | USD |
| CY2021Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
93316 | USD |
| CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
5000000 | USD |
| CY2021Q3 | us-gaap |
Notes Payable
NotesPayable
|
3000000 | USD |
| CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4407548 | USD |
| CY2021Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3886543 | USD |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
125834 | USD |
| CY2021Q3 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
116945 | USD |
