2023 Q1 Form 10-Q Financial Statement

#000168316823001060 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $7.391K $193.0K
YoY Change -96.17%
Cost Of Revenue $5.709K $184.3K
YoY Change -96.9%
Gross Profit $1.682K $8.730K
YoY Change -80.73%
Gross Profit Margin 22.76% 4.52%
Selling, General & Admin $118.4K $41.24K
YoY Change 187.04%
% of Gross Profit 7037.69% 472.39%
Research & Development $26.44K $4.580K
YoY Change 477.36%
% of Gross Profit 1572.12% 52.46%
Depreciation & Amortization $647.00 $32.92K
YoY Change -98.03%
% of Gross Profit 38.47% 377.09%
Operating Expenses $144.8K $45.82K
YoY Change 216.06%
Operating Profit -$143.1K -$37.09K
YoY Change 285.91%
Interest Expense -$43.75K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$42.82K $0.00
YoY Change
Pretax Income -$186.0K -$37.09K
YoY Change 401.38%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$186.0K -$37.09K
YoY Change 401.37%
Net Earnings / Revenue -2515.99% -19.22%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 -$7.72
COMMON SHARES
Basic Shares Outstanding 5.484B shares 5.484B shares 4.808B shares
Diluted Shares Outstanding 5.484B shares 4.808B shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.94K $20.95K
YoY Change 267.26%
Cash & Equivalents $4.911K $76.94K $20.95K
Short-Term Investments
Other Short-Term Assets $557.2K $14.97K
YoY Change 3621.84%
Inventory $0.00 $34.23K $3.850K
Prepaid Expenses $94.22K
Receivables $19.08K $1.516K $193.6K
Other Receivables $48.71K $0.00
Total Short-Term Assets $541.5K $718.5K $233.4K
YoY Change 493.26% 207.86%
LONG-TERM ASSETS
Property, Plant & Equipment $5.095K $5.771K $3.510K
YoY Change -2.17% 64.42%
Goodwill
YoY Change
Intangibles $14.94K $16.14K
YoY Change -23.28%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $548.0K $64.66K $20.57K
YoY Change 466.12% 214.34%
TOTAL ASSETS
Total Short-Term Assets $541.5K $718.5K $233.4K
Total Long-Term Assets $548.0K $64.66K $20.57K
Total Assets $1.089M $783.2K $254.0K
YoY Change 479.29% 208.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $243.00 $2.016M
YoY Change -100.0% -99.99%
Accrued Expenses $340.3K $3.330K
YoY Change 10118.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.723M $2.751M $2.030M
YoY Change 44.28% 35.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.440K
YoY Change
Total Long-Term Liabilities $3.440K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.723M $2.751M $2.030M
Total Long-Term Liabilities $3.440K $0.00
Total Liabilities $2.723M $2.754M $2.030M
YoY Change 41.75% 35.67%
SHAREHOLDERS EQUITY
Retained Earnings -$7.884M -$7.528M
YoY Change 20.03%
Common Stock $5.484M $5.484M
YoY Change 14.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.633M -$1.971M -$1.776M
YoY Change
Total Liabilities & Shareholders Equity $1.089M $783.2K $254.0K
YoY Change 479.29% 208.39%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$186.0K -$37.09K
YoY Change 401.37%
Depreciation, Depletion And Amortization $647.00 $32.92K
YoY Change -98.03%
Cash From Operating Activities -$49.75K -$209.2K
YoY Change -76.22%
INVESTING ACTIVITIES
Capital Expenditures $10.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$10.00 $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 88.44K 185.1K
YoY Change -52.23%
NET CHANGE
Cash From Operating Activities -49.75K -209.2K
Cash From Investing Activities -10.00 0.000
Cash From Financing Activities 88.44K 185.1K
Net Change In Cash 38.68K -24.05K
YoY Change -260.83%
FREE CASH FLOW
Cash From Operating Activities -$49.75K -$209.2K
Capital Expenditures $10.00
Free Cash Flow -$49.76K
YoY Change

Facts In Submission

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