2023 Q2 Form 10-Q Financial Statement
#000165495423006083 Filed on May 10, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $968.1K | $1.237M | $1.212M |
YoY Change | -28.49% | 2.06% | 24.19% |
Cost Of Revenue | $283.9K | $241.1K | $298.6K |
YoY Change | -30.87% | -19.24% | -16.37% |
Gross Profit | $684.2K | $995.9K | $913.5K |
YoY Change | -27.45% | 9.02% | 47.57% |
Gross Profit Margin | 70.68% | 80.51% | 75.37% |
Selling, General & Admin | $868.1K | $2.144M | $442.4K |
YoY Change | 62.96% | 384.71% | 13.44% |
% of Gross Profit | 126.88% | 215.33% | 48.43% |
Research & Development | $40.21K | $40.25K | |
YoY Change | |||
% of Gross Profit | 5.88% | 4.04% | |
Depreciation & Amortization | $100.9K | $83.14K | $89.96K |
YoY Change | 20.05% | -7.58% | -10.04% |
% of Gross Profit | 14.75% | 8.35% | 9.85% |
Operating Expenses | $654.8K | $2.228M | $536.8K |
YoY Change | 7.38% | 314.99% | 7.2% |
Operating Profit | $29.43K | -$1.232M | $376.7K |
YoY Change | -91.17% | -426.98% | 218.48% |
Interest Expense | $0.00 | $0.00 | $4.408K |
YoY Change | -100.0% | -100.0% | -72.86% |
% of Operating Profit | 0.0% | 1.17% | |
Other Income/Expense, Net | -$639.00 | -$200.1K | -$4.408K |
YoY Change | -93.62% | 4439.25% | |
Pretax Income | $28.79K | -$1.432M | $376.7K |
YoY Change | -91.09% | -480.09% | 213.92% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | $28.79K | -$1.432M | $376.7K |
YoY Change | -91.09% | -480.09% | 218.48% |
Net Earnings / Revenue | 2.97% | -115.74% | 31.08% |
Basic Earnings Per Share | $0.00 | -$0.18 | $0.08 |
Diluted Earnings Per Share | $0.00 | -$0.18 | $47.81K |
COMMON SHARES | |||
Basic Shares Outstanding | 7.878M shares | 9.009M shares | |
Diluted Shares Outstanding | 7.878M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $9.885M | $10.82M | $466.5K |
YoY Change | 1730.13% | 2218.43% | |
Cash & Equivalents | $9.885M | $10.82M | $466.5K |
Short-Term Investments | |||
Other Short-Term Assets | $3.953M | $3.698M | |
YoY Change | |||
Inventory | $2.216M | $1.951M | $1.924M |
Prepaid Expenses | |||
Receivables | $1.405M | $1.747M | $737.6K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $13.84M | $14.51M | $3.128M |
YoY Change | 386.09% | 363.97% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $742.1K | $652.3K | $671.3K |
YoY Change | 15.22% | -2.83% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $332.0K | $183.1K | $4.410K |
YoY Change | 7428.73% | 4051.07% | |
Total Long-Term Assets | $4.243M | $4.459M | $4.240M |
YoY Change | 2.11% | 5.18% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $13.84M | $14.51M | $3.128M |
Total Long-Term Assets | $4.243M | $4.459M | $4.240M |
Total Assets | $18.08M | $18.97M | $7.368M |
YoY Change | 158.21% | 157.51% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $295.9K | $420.6K | $202.0K |
YoY Change | 50.03% | 108.22% | |
Accrued Expenses | $344.5K | $2.096M | $141.9K |
YoY Change | 137.23% | 1376.72% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $640.4K | $2.516M | $850.3K |
YoY Change | 54.87% | 195.92% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $305.9K | $397.0K | $579.8K |
YoY Change | -6.74% | -31.53% | |
Total Long-Term Liabilities | $305.9K | $397.0K | $579.8K |
YoY Change | -6.74% | -31.53% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $640.4K | $2.516M | $850.3K |
Total Long-Term Liabilities | $305.9K | $397.0K | $579.8K |
Total Liabilities | $946.3K | $2.913M | $1.430M |
YoY Change | 27.62% | 103.71% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$728.2K | -$728.2K | $646.0K |
YoY Change | -175.13% | -212.72% | |
Common Stock | $82.53K | $78.78K | $48.78K |
YoY Change | 69.18% | 61.5% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $17.13M | $16.06M | $5.938M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $18.08M | $18.97M | $7.368M |
YoY Change | 158.21% | 157.51% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $28.79K | -$1.432M | $376.7K |
YoY Change | -91.09% | -480.09% | 218.48% |
Depreciation, Depletion And Amortization | $100.9K | $83.14K | $89.96K |
YoY Change | 20.05% | -7.58% | -10.04% |
Cash From Operating Activities | -$1.838M | -$1.315M | $182.2K |
YoY Change | -756.26% | -821.93% | -299.69% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $139.3K | $50.80K | -$4.200K |
YoY Change | -1309.52% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$139.3K | -$50.80K | -$4.195K |
YoY Change | 1110.99% | 40.07% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.046M | $0.00 | -$327.2K |
YoY Change | -606.68% | -100.0% | -320.67% |
NET CHANGE | |||
Cash From Operating Activities | -1.838M | -$1.315M | $182.2K |
Cash From Investing Activities | -139.3K | -$50.80K | -$4.195K |
Cash From Financing Activities | 1.046M | $0.00 | -$327.2K |
Net Change In Cash | -931.2K | -$1.366M | -$149.2K |
YoY Change | -1365.32% | 815.4% | -376.06% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.838M | -$1.315M | $182.2K |
Capital Expenditures | $139.3K | $50.80K | -$4.200K |
Free Cash Flow | -$1.977M | -$1.366M | $186.4K |
YoY Change | -806.01% | -832.92% | -304.3% |
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CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1366109 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-149236 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12181799 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
615749 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10815690 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
466513 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5937605 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4408 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17491133 | usd |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
50405 | usd |
CY2023Q1 | laser |
Inventory
Inventory
|
1950707 | usd |
CY2022Q4 | laser |
Inventory
Inventory
|
1693810 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1315308 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
182193 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-50801 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4195 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
0 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-327234 | usd |
CY2023Q1 | laser |
Total Current Liabilities
TotalCurrentLiabilities
|
2516348 | usd |