2022 Q1 Form 10-Q Financial Statement
#000151597122000094 Filed on May 23, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $4.228M | $2.393M |
| YoY Change | 76.69% | 22.25% |
| Cost Of Revenue | $2.581M | $1.482M |
| YoY Change | 74.17% | 24.28% |
| Gross Profit | $1.647M | $911.2K |
| YoY Change | 80.79% | 19.08% |
| Gross Profit Margin | 38.96% | 38.08% |
| Selling, General & Admin | $1.458M | $855.4K |
| YoY Change | 70.42% | 22.74% |
| % of Gross Profit | 88.5% | 93.88% |
| Research & Development | $134.6K | $0.00 |
| YoY Change | ||
| % of Gross Profit | 8.17% | 0.0% |
| Depreciation & Amortization | $4.120K | $213.6K |
| YoY Change | -98.07% | -17.3% |
| % of Gross Profit | 0.25% | 23.44% |
| Operating Expenses | $1.597M | $1.069M |
| YoY Change | 49.35% | 11.92% |
| Operating Profit | $50.71K | -$157.8K |
| YoY Change | -132.13% | -16.93% |
| Interest Expense | -$24.03K | -$2.240K |
| YoY Change | 972.77% | -78.77% |
| % of Operating Profit | -47.39% | |
| Other Income/Expense, Net | -$71.12K | -$72.64K |
| YoY Change | -2.09% | -124.1% |
| Pretax Income | -$44.45K | -$232.7K |
| YoY Change | -80.9% | -330.8% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$44.45K | -$232.7K |
| YoY Change | -80.9% | -330.8% |
| Net Earnings / Revenue | -1.05% | -9.73% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$1.068K | -$5.719K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 41.62M shares | |
| Diluted Shares Outstanding | 41.62M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.453M | $569.3K |
| YoY Change | 155.18% | 150.51% |
| Cash & Equivalents | $1.453M | $569.3K |
| Short-Term Investments | ||
| Other Short-Term Assets | $33.30K | $1.960K |
| YoY Change | 1598.98% | 21.74% |
| Inventory | $634.7K | $17.00K |
| Prepaid Expenses | ||
| Receivables | $982.1K | $487.8K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.103M | $1.076M |
| YoY Change | 188.36% | 87.67% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $44.77K | $66.60K |
| YoY Change | -32.78% | -72.34% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $10.00K | |
| YoY Change | ||
| Other Assets | $154.3K | $172.3K |
| YoY Change | -10.45% | 0.13% |
| Total Long-Term Assets | $994.2K | $1.712M |
| YoY Change | -41.92% | -30.16% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.103M | $1.076M |
| Total Long-Term Assets | $994.2K | $1.712M |
| Total Assets | $4.097M | $2.788M |
| YoY Change | 46.96% | -7.82% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.068M | $980.3K |
| YoY Change | 8.99% | -23.13% |
| Accrued Expenses | $37.16K | $98.50K |
| YoY Change | -62.27% | -9.34% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $62.74K | |
| YoY Change | -23.4% | |
| Total Short-Term Liabilities | $1.106M | $1.142M |
| YoY Change | -3.15% | -28.96% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $150.0K | $150.0K |
| YoY Change | 0.0% | 664.14% |
| Other Long-Term Liabilities | $127.0K | $165.0K |
| YoY Change | -23.04% | 124.72% |
| Total Long-Term Liabilities | $277.0K | $315.0K |
| YoY Change | -12.07% | 238.52% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.106M | $1.142M |
| Total Long-Term Liabilities | $277.0K | $315.0K |
| Total Liabilities | $1.383M | $1.457M |
| YoY Change | -5.08% | -14.32% |
| 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 | $2.715M | $1.331M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.097M | $2.788M |
| YoY Change | 46.96% | -7.82% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
USD | |
| CY2021Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
USD | |
| CY2021Q1 | us-gaap |
Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
|
USD | |
| CY2021Q1 | ktel |
Application Development Costs
ApplicationDevelopmentCosts
|
USD | |
| CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2021Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2022Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
| CY2022Q1 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
USD | |
| CY2021Q1 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
USD |
