2021 Form 10-K Financial Statement
#000190359622000199 Filed on April 18, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $889.9K | $1.030M |
| YoY Change | -13.56% | 1.51% |
| Cost Of Revenue | $279.3K | $310.7K |
| YoY Change | -10.09% | -24.27% |
| Gross Profit | $610.6K | $718.9K |
| YoY Change | -15.06% | 19.01% |
| Gross Profit Margin | 68.61% | 69.82% |
| Selling, General & Admin | $2.040M | $2.467M |
| YoY Change | -17.29% | -14.01% |
| % of Gross Profit | 334.18% | 343.16% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $119.0K | $141.7K |
| YoY Change | -16.01% | -37.87% |
| % of Gross Profit | 19.5% | 19.72% |
| Operating Expenses | $2.040M | $2.467M |
| YoY Change | -17.29% | -14.01% |
| Operating Profit | -$1.430M | -$1.748M |
| YoY Change | -18.2% | -22.82% |
| Interest Expense | $11.41M | -$10.29M |
| YoY Change | -210.92% | -204.86% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $10.18M | -$12.30M |
| YoY Change | -182.75% | -263.49% |
| Income Tax | $782.1K | $0.00 |
| % Of Pretax Income | 7.69% | |
| Net Earnings | $9.393M | -$12.10M |
| YoY Change | -177.64% | -255.03% |
| Net Earnings / Revenue | 1055.54% | -1175.17% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $134.7K | -$919.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $566.0K | $43.16K |
| YoY Change | 1211.35% | -50.37% |
| Cash & Equivalents | $566.0K | $43.16K |
| Short-Term Investments | ||
| Other Short-Term Assets | $13.97K | $12.14K |
| YoY Change | 15.07% | 56.24% |
| Inventory | $51.48K | $47.62K |
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $631.4K | $102.9K |
| YoY Change | 513.52% | -49.24% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $830.5K | $2.148M |
| YoY Change | -61.33% | -11.41% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $25.02K | $31.69K |
| YoY Change | -21.05% | |
| Other Assets | $82.16K | $16.51K |
| YoY Change | 397.64% | -40.01% |
| Total Long-Term Assets | $937.7K | $2.196M |
| YoY Change | -57.3% | -10.44% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $631.4K | $102.9K |
| Total Long-Term Assets | $937.7K | $2.196M |
| Total Assets | $1.569M | $2.299M |
| YoY Change | -31.74% | -13.4% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.060M | $1.834M |
| YoY Change | -42.21% | 64.34% |
| Accrued Expenses | $1.233M | $766.2K |
| YoY Change | 60.87% | -4.29% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $9.310K | $9.310K |
| YoY Change | 0.0% | 0.0% |
| Long-Term Debt Due | $25.00K | $363.2K |
| YoY Change | -93.12% | 19.6% |
| Total Short-Term Liabilities | $8.090M | $20.30M |
| YoY Change | -60.15% | 102.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $7.185M | $6.650M |
| YoY Change | 8.04% | 11.24% |
| Other Long-Term Liabilities | $702.7K | $273.3K |
| YoY Change | 157.13% | 125.17% |
| Total Long-Term Liabilities | $7.887M | $6.923M |
| YoY Change | 13.93% | 13.5% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $8.090M | $20.30M |
| Total Long-Term Liabilities | $7.887M | $6.923M |
| Total Liabilities | $14.15M | $25.70M |
| YoY Change | -44.93% | 73.42% |
| 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 | -$12.59M | -$23.40M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.569M | $2.299M |
| YoY Change | -31.74% | -13.4% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $9.393M | -$12.10M |
| YoY Change | -177.64% | -255.03% |
| Depreciation, Depletion And Amortization | $119.0K | $141.7K |
| YoY Change | -16.01% | -37.87% |
| Cash From Operating Activities | -$1.043M | -$289.6K |
| YoY Change | 260.29% | -62.62% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$11.72K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $1.286M | -$31.69K |
| YoY Change | -4157.24% | |
| Cash From Investing Activities | $1.274M | -$31.69K |
| YoY Change | -4120.26% | 61.11% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 296.0K | 277.5K |
| YoY Change | 6.67% | -63.96% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.043M | -289.6K |
| Cash From Investing Activities | 1.274M | -31.69K |
| Cash From Financing Activities | 296.0K | 277.5K |
| Net Change In Cash | 526.5K | -43.81K |
| YoY Change | -1301.87% | 78.45% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.043M | -$289.6K |
| Capital Expenditures | -$11.72K | |
| Free Cash Flow | -$1.032M | -$289.6K |
| YoY Change | 256.25% | -61.65% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | kays |
Accounts Payable Settled With Notes Payable
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|
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Taxes Payable Current
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Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
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|
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|
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|
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| CY2020 | us-gaap |
Repayments Of Convertible Debt
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|
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