2021 Q3 Form 10-K Financial Statement
#000149315222001121 Filed on January 13, 2022
Income Statement
| Concept | 2021 Q3 | 2021 | 2020 Q3 |
|---|---|---|---|
| Revenue | $2.962M | $5.590M | |
| YoY Change | 581.71% | ||
| Cost Of Revenue | $480.3K | $1.000M | |
| YoY Change | 733.33% | ||
| Gross Profit | $2.482M | $4.590M | |
| YoY Change | 555.71% | ||
| Gross Profit Margin | 83.78% | 82.11% | |
| Selling, General & Admin | $1.984M | $6.360M | |
| YoY Change | 598.9% | ||
| % of Gross Profit | 79.94% | 138.56% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $8.630K | $20.00K | |
| YoY Change | 100.0% | ||
| % of Gross Profit | 0.35% | 0.44% | |
| Operating Expenses | $1.984M | $6.360M | |
| YoY Change | 598.9% | ||
| Operating Profit | $497.8K | -$1.770M | |
| YoY Change | 742.86% | ||
| Interest Expense | $470.00 | $0.00 | |
| YoY Change | |||
| % of Operating Profit | 0.09% | ||
| Other Income/Expense, Net | -$760.00 | $0.00 | |
| YoY Change | |||
| Pretax Income | $497.5K | -$1.770M | |
| YoY Change | 742.86% | ||
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | $448.5K | -$1.610M | |
| YoY Change | 666.67% | ||
| Net Earnings / Revenue | 15.14% | -28.8% | |
| Basic Earnings Per Share | $0.00 | ||
| Diluted Earnings Per Share | $14.27K | -$42.53K | |
| COMMON SHARES | |||
| Basic Shares Outstanding | 400.0M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2021 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.060M | $2.060M | |
| YoY Change | 1371.43% | ||
| Cash & Equivalents | $2.060M | $2.060M | $141.2K |
| Short-Term Investments | |||
| Other Short-Term Assets | $687.7K | $690.0K | |
| YoY Change | 1625.0% | ||
| Inventory | |||
| Prepaid Expenses | $338.6K | ||
| Receivables | |||
| Other Receivables | $123.8K | ||
| Total Short-Term Assets | $2.871M | $2.870M | |
| YoY Change | 1095.83% | ||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $68.73K | $350.0K | |
| YoY Change | -27.08% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | $2.568K | $0.00 | |
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Long-Term Assets | $353.8K | $350.0K | |
| YoY Change | -37.5% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.871M | $2.870M | |
| Total Long-Term Assets | $353.8K | $350.0K | |
| Total Assets | $3.225M | $3.220M | |
| YoY Change | 302.5% | ||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.431M | $1.430M | |
| YoY Change | 14200.0% | ||
| Accrued Expenses | $335.3K | $340.0K | |
| YoY Change | 0.0% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $5.190M | $5.190M | |
| YoY Change | 503.49% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | |
| YoY Change | |||
| Other Long-Term Liabilities | $53.13K | $50.00K | |
| YoY Change | -68.75% | ||
| Total Long-Term Liabilities | $53.13K | $50.00K | |
| YoY Change | -68.75% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $5.190M | $5.190M | |
| Total Long-Term Liabilities | $53.13K | $50.00K | |
| Total Liabilities | $5.243M | $5.080M | |
| YoY Change | 402.97% | ||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$1.821M | ||
| YoY Change | |||
| Common Stock | $4.000K | $4.000K | |
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$1.853M | -$1.850M | |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.225M | $3.220M | |
| YoY Change | 302.5% |
Cashflow Statement
| Concept | 2021 Q3 | 2021 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $448.5K | -$1.610M | |
| YoY Change | 666.67% | ||
| Depreciation, Depletion And Amortization | $8.630K | $20.00K | |
| YoY Change | 100.0% | ||
| Cash From Operating Activities | $1.859M | $1.910M | |
| YoY Change | -1464.29% | ||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$11.87K | -$20.00K | |
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$11.87K | -$20.00K | |
| 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 | |||
| YoY Change | |||
| NET CHANGE | |||
| Cash From Operating Activities | 1.859M | 1.910M | |
| Cash From Investing Activities | -11.87K | -20.00K | |
| Cash From Financing Activities | |||
| Net Change In Cash | 1.847M | 1.890M | |
| YoY Change | 18800.0% | ||
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.859M | $1.910M | |
| Capital Expenditures | -$11.87K | -$20.00K | |
| Free Cash Flow | $1.871M | $1.930M | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
USD | |
| CY2021Q3 | us-gaap |
Security Deposit
SecurityDeposit
|
USD | |
| CY2021Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
USD | |
| CY2020Q3 | us-gaap |
Minority Interest
MinorityInterest
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
USD | |
| CY2020 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
USD | |
| CY2021 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
USD | |
| CY2020 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
USD | |
| CY2019Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Advertising Expense
AdvertisingExpense
|
USD | |
| CY2020Q3 | CXKJ |
Total Noncurrent Liabilities
TotalNoncurrentLiabilities
|
USD | |
| CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
USD | |
| CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | CXKJ |
Total Noncurrent Liabilities
TotalNoncurrentLiabilities
|
USD | |
| CY2020Q3 | CXKJ |
Prepaid Service Fee
PrepaidServiceFee
|
USD | |
| CY2020Q3 | us-gaap |
Supplies
Supplies
|
USD | |
| CY2020Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
USD | |
| CY2020Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
USD | |
| CY2020Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
USD | |
| CY2020Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
USD | |
| CY2020 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q3 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q3 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
USD | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
USD | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
USD | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
USD | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
USD | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
USD | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
USD | |
| CY2020Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
USD | |
| CY2020Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
| CY2020Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
21376918 | shares |
| CY2020Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
21376918 | shares |
| CY2021 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
| CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| CY2021 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
37858294 | shares |
| CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21376918 | shares |
| CY2021Q3 | CXKJ |
Prepaid Service Fee
PrepaidServiceFee
|
349019 | USD |
| CY2021Q3 | us-gaap |
Supplies
Supplies
|
78248 | USD |
| CY2021Q3 | CXKJ |
Prepaid Professional Services
PrepaidProfessionalServices
|
148708 | USD |
| CY2020Q3 | CXKJ |
Prepaid Professional Services
PrepaidProfessionalServices
|
356 | USD |
