2022 Form 10-K Financial Statement
#000149315222014226 Filed on May 17, 2022
Income Statement
| Concept | 2022 | 2021 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | $147.3K | $144.5K |
| YoY Change | 1.9% | -34.07% |
| Gross Profit | -$147.3K | -$144.5K |
| YoY Change | 1.9% | -34.07% |
| Gross Profit Margin | ||
| Selling, General & Admin | $280.4K | $325.1K |
| YoY Change | -13.74% | 85.14% |
| % of Gross Profit | ||
| Research & Development | $84.25K | $119.0K |
| YoY Change | -29.18% | 69.15% |
| % of Gross Profit | ||
| Depreciation & Amortization | $5.830K | $6.340K |
| YoY Change | -8.04% | 136.57% |
| % of Gross Profit | ||
| Operating Expenses | $370.5K | $450.4K |
| YoY Change | -17.73% | 81.16% |
| Operating Profit | -$517.8K | -$594.9K |
| YoY Change | -12.97% | 27.17% |
| Interest Expense | $79.08K | -$185.4K |
| YoY Change | -142.65% | 297.24% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $79.08K | $0.00 |
| YoY Change | -100.0% | |
| Pretax Income | -$438.7K | -$749.8K |
| YoY Change | -41.49% | 122.17% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$438.7K | -$749.8K |
| YoY Change | -41.49% | 122.17% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.04 | |
| Diluted Earnings Per Share | -$41.20K | -$76.93K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 10.65M shares | |
| Diluted Shares Outstanding | 10.65M shares |
Balance Sheet
| Concept | 2022 | 2021 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $102.7K | $6.720K |
| YoY Change | 1428.87% | -73.14% |
| Cash & Equivalents | $102.7K | $6.720K |
| Short-Term Investments | ||
| Other Short-Term Assets | $13.07K | $4.820K |
| YoY Change | 171.16% | -42.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $115.8K | $11.53K |
| YoY Change | 904.42% | -65.42% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $27.72K | $33.56K |
| YoY Change | -17.4% | -15.87% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $27.72K | $33.56K |
| YoY Change | -17.4% | -15.87% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $115.8K | $11.53K |
| Total Long-Term Assets | $27.72K | $33.56K |
| Total Assets | $143.5K | $45.09K |
| YoY Change | 218.32% | -38.43% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $481.1K | $468.0K |
| YoY Change | 2.8% | 2.1% |
| Accrued Expenses | $811.7K | $811.7K |
| YoY Change | 0.0% | 0.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $197.5K | $371.2K |
| YoY Change | -46.8% | 122.89% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.541M | $2.003M |
| YoY Change | -23.05% | 15.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $67.18K | $33.16K |
| YoY Change | 102.59% | |
| Other Long-Term Liabilities | $0.00 | $20.30K |
| YoY Change | -100.0% | -45.72% |
| Total Long-Term Liabilities | $67.18K | $53.46K |
| YoY Change | 25.66% | 42.94% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.541M | $2.003M |
| Total Long-Term Liabilities | $67.18K | $53.46K |
| Total Liabilities | $1.609M | $2.057M |
| YoY Change | -21.78% | 15.58% |
| 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 | -$1.465M | -$2.011M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $143.5K | $45.09K |
| YoY Change | 218.32% | -38.43% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022 | LBSR |
Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
|
USD | |
| CY2022Q1 | us-gaap |
Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
|
USD | |
| CY2022Q1 | LBSR |
Accounts Payable Non Current
AccountsPayableNonCurrent
|
USD | |
| CY2022Q1 | LBSR |
Common Stock To Be Issued
CommonStockToBeIssued
|
USD | |
| CY2021 | LBSR |
Stock Issued During Period Value Reverse Stock Splits
StockIssuedDuringPeriodValueReverseStockSplits
|
USD | |
| CY2021 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
USD | |
| CY2022 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | |
| CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | |
| CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
USD | |
| CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | |
| CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
USD | |
| CY2022 | LBSR |
Class A Common Stock Issued For Conversion Of Related Party Advances And Notes Payable
ClassACommonStockIssuedForConversionOfRelatedPartyAdvancesAndNotesPayable
|
USD | |
| CY2022Q1 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
USD | |
| CY2021Q1 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
USD | |
| CY2021Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
USD | |
| CY2020Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
USD | |
| CY2022Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
USD | |
| CY2021Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
USD | |
| CY2021Q2 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P3Y | |
| CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
| CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
| CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
| CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
USD | |
| CY2022Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P3Y | |
| CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD |
