2021 Form 10-K Financial Statement
#000151597122000069 Filed on April 14, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $12.83M | $9.359M |
| YoY Change | 37.14% | 2.02% |
| Cost Of Revenue | $7.105M | $5.824M |
| YoY Change | 22.01% | -7.61% |
| Gross Profit | $5.729M | $3.535M |
| YoY Change | 62.06% | 23.17% |
| Gross Profit Margin | 44.64% | 37.78% |
| Selling, General & Admin | $4.258M | $3.057M |
| YoY Change | 39.27% | -13.29% |
| % of Gross Profit | 74.32% | 86.48% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $833.0K | $838.0K |
| YoY Change | -0.59% | -15.34% |
| % of Gross Profit | 14.54% | 23.7% |
| Operating Expenses | $5.091M | $3.895M |
| YoY Change | 30.69% | -13.73% |
| Operating Profit | $638.3K | -$360.0K |
| YoY Change | -277.31% | -78.12% |
| Interest Expense | -$15.36K | -$26.95K |
| YoY Change | -43.01% | -49.82% |
| % of Operating Profit | -2.41% | |
| Other Income/Expense, Net | $0.00 | $625.6K |
| YoY Change | -100.0% | 3936.06% |
| Pretax Income | $623.0K | $238.6K |
| YoY Change | 161.08% | -114.17% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $623.0K | $238.6K |
| YoY Change | 161.08% | -115.06% |
| Net Earnings / Revenue | 4.85% | 2.55% |
| Basic Earnings Per Share | $0.02 | |
| Diluted Earnings Per Share | $14.52K | $5.864K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 40.91M shares | |
| Diluted Shares Outstanding | 42.89M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $932.8K | $715.2K |
| YoY Change | 30.42% | 273.53% |
| Cash & Equivalents | $932.8K | $715.2K |
| Short-Term Investments | ||
| Other Short-Term Assets | $79.63K | $2.560K |
| YoY Change | 3010.55% | 47.13% |
| Inventory | $566.8K | $17.79K |
| Prepaid Expenses | ||
| Receivables | $1.275M | $434.8K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $2.854M | $1.170M |
| YoY Change | 143.86% | 103.41% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $48.89K | $79.57K |
| YoY Change | -38.56% | -56.1% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $10.00K | |
| YoY Change | ||
| Other Assets | $154.3K | $172.1K |
| YoY Change | -10.33% | -17.17% |
| Total Long-Term Assets | $1.021M | $1.769M |
| YoY Change | -42.28% | -32.69% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.854M | $1.170M |
| Total Long-Term Assets | $1.021M | $1.769M |
| Total Assets | $3.875M | $2.939M |
| YoY Change | 31.84% | -8.25% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $930.5K | $1.043M |
| YoY Change | -10.75% | -14.77% |
| Accrued Expenses | $50.67K | $66.32K |
| YoY Change | -23.6% | -4.09% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $0.00 | $94.34K |
| YoY Change | -100.0% | 24.28% |
| Total Short-Term Liabilities | $981.1K | $1.241M |
| YoY Change | -20.94% | -23.21% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $150.0K | $150.0K |
| YoY Change | 0.0% | 196.44% |
| Other Long-Term Liabilities | $136.5K | $15.40K |
| YoY Change | 786.04% | 19.01% |
| Total Long-Term Liabilities | $286.5K | $165.4K |
| YoY Change | 73.19% | 160.31% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $981.1K | $1.241M |
| Total Long-Term Liabilities | $286.5K | $165.4K |
| Total Liabilities | $1.268M | $1.406M |
| YoY Change | -9.87% | -16.27% |
| 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 | $2.607M | $1.533M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.875M | $2.939M |
| YoY Change | 31.84% | -8.25% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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State Deferred Tax Liabilities
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Payments Of Dividends
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Income Taxes Paid
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