2021 Form 10-K Financial Statement
#000149315222006520 Filed on March 10, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $4.341M | $355.0K | |
| YoY Change | -71.39% | ||
| Cost Of Revenue | $1.426M | $114.0K | $385.0K |
| YoY Change | 270.39% | -7.32% | -6.55% |
| Gross Profit | $2.915M | $241.0K | $1.441M |
| YoY Change | 102.29% | -78.44% | -53.56% |
| Gross Profit Margin | 67.15% | 67.89% | |
| Selling, General & Admin | $18.21M | $3.516M | $15.57M |
| YoY Change | 16.96% | -21.94% | -35.2% |
| % of Gross Profit | 624.77% | 1458.92% | 1080.57% |
| Research & Development | $33.71M | $2.410M | $11.12M |
| YoY Change | 203.27% | -16.49% | -30.29% |
| % of Gross Profit | 1156.57% | 1000.0% | 771.48% |
| Depreciation & Amortization | $873.0K | $361.0K | $2.111M |
| YoY Change | -58.65% | -55.1% | -32.53% |
| % of Gross Profit | 29.95% | 149.79% | 146.5% |
| Operating Expenses | $52.13M | $6.123M | $27.89M |
| YoY Change | 86.91% | -23.37% | -33.57% |
| Operating Profit | -$49.21M | -$5.882M | -$26.45M |
| YoY Change | 86.07% | -14.41% | -31.97% |
| Interest Expense | $3.727M | $4.419M | $1.817M |
| YoY Change | 105.12% | 247.95% | -88.99% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $1.691M | $2.447M | $2.706M |
| YoY Change | -37.51% | 833.97% | -13.9% |
| Pretax Income | -$43.27M | $984.0K | -$21.92M |
| YoY Change | 97.36% | -118.43% | 13.99% |
| Income Tax | -$1.061M | -$1.239M | |
| % Of Pretax Income | -107.83% | ||
| Net Earnings | -$43.02M | $2.032M | -$20.65M |
| YoY Change | 108.33% | -145.34% | 76.35% |
| Net Earnings / Revenue | -990.99% | 572.39% | |
| Basic Earnings Per Share | -$0.26 | ||
| Diluted Earnings Per Share | -$261.5K | $13.50K | -$137.6K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 164.5M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $58.36M | $41.56M | $41.56M |
| YoY Change | 40.41% | 35.31% | 35.31% |
| Cash & Equivalents | $55.74M | $33.18M | $32.59M |
| Short-Term Investments | $2.616M | $8.977M | $8.977M |
| Other Short-Term Assets | $2.351M | $2.433M | $2.433M |
| YoY Change | -3.37% | -15.02% | -15.02% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $50.84M | $4.000K | $4.000K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $111.5M | $44.00M | $44.00M |
| YoY Change | 153.53% | -23.51% | -23.51% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.872M | $5.630M | $5.630M |
| YoY Change | -13.46% | -31.13% | -31.13% |
| Goodwill | $10.67M | ||
| YoY Change | 0.0% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $630.0K | $616.0K | $616.0K |
| YoY Change | 2.27% | -28.7% | -28.7% |
| Total Long-Term Assets | $63.00M | $63.95M | $63.95M |
| YoY Change | -1.49% | -5.9% | -5.9% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $111.5M | $44.00M | $44.00M |
| Total Long-Term Assets | $63.00M | $63.95M | $63.95M |
| Total Assets | $174.5M | $107.9M | $107.9M |
| YoY Change | 61.69% | -13.97% | -13.97% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.543M | $2.611M | $2.611M |
| YoY Change | 35.7% | 7.58% | 7.58% |
| Accrued Expenses | $25.05M | $1.711M | $4.416M |
| YoY Change | 467.23% | -57.06% | 10.82% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $523.0K | $523.0K |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $30.00K | $16.00K | $16.00K |
| YoY Change | 87.5% | -51.52% | -51.52% |
| Total Short-Term Liabilities | $47.12M | $7.769M | $7.769M |
| YoY Change | 506.46% | 19.63% | 19.63% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $30.00K | $26.00K | $26.00K |
| YoY Change | 15.38% | -66.23% | -66.23% |
| Other Long-Term Liabilities | $34.43M | $2.951M | $2.951M |
| YoY Change | 1066.55% | -32.08% | -32.08% |
| Total Long-Term Liabilities | $34.46M | $2.977M | $2.977M |
| YoY Change | 1057.37% | -32.68% | -32.68% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $47.12M | $7.769M | $7.769M |
| Total Long-Term Liabilities | $34.46M | $2.977M | $2.977M |
| Total Liabilities | $82.32M | $11.75M | $11.75M |
| YoY Change | 600.63% | -6.14% | -6.14% |
| 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 | $92.22M | $96.20M | $96.20M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $174.5M | $107.9M | $107.9M |
| YoY Change | 61.69% | -13.97% | -13.97% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$43.02M | $2.032M | -$20.65M |
| YoY Change | 108.33% | -145.34% | 76.35% |
| Depreciation, Depletion And Amortization | $873.0K | $361.0K | $2.111M |
| YoY Change | -58.65% | -55.1% | -32.53% |
| Cash From Operating Activities | -$23.56M | -$5.641M | -$19.75M |
| YoY Change | 19.28% | 2.14% | -38.17% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$354.0K | -$24.00K | -$64.00K |
| YoY Change | 453.13% | 242.86% | -85.45% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $10.10M | $926.0K | $13.10M |
| YoY Change | -22.92% | 27.37% | -24.69% |
| Cash From Investing Activities | $9.745M | $902.0K | $13.04M |
| YoY Change | -25.26% | 25.28% | -23.11% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 36.93M | 4.814M | 29.87M |
| YoY Change | 23.66% | -96380.0% | 4740.36% |
| NET CHANGE | |||
| Cash From Operating Activities | -23.56M | -5.641M | -19.75M |
| Cash From Investing Activities | 9.745M | 902.0K | 13.04M |
| Cash From Financing Activities | 36.93M | 4.814M | 29.87M |
| Net Change In Cash | 23.11M | 75.00K | 23.15M |
| YoY Change | -0.16% | -101.56% | -261.07% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$23.56M | -$5.641M | -$19.75M |
| Capital Expenditures | -$354.0K | -$24.00K | -$64.00K |
| Free Cash Flow | -$23.21M | -$5.617M | -$19.69M |
| YoY Change | 17.87% | 1.83% | -37.51% |
Facts In Submission
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