2021 Q3 Form 10-Q Financial Statement
#000121390021060306 Filed on November 17, 2021
Income Statement
| Concept | 2021 Q3 |
|---|---|
| Revenue | $0.00 |
| YoY Change | |
| Cost Of Revenue | $1.261M |
| YoY Change | |
| Gross Profit | $9.635M |
| YoY Change | |
| Gross Profit Margin | |
| Selling, General & Admin | $9.948M |
| YoY Change | |
| % of Gross Profit | 103.25% |
| Research & Development | $3.522M |
| YoY Change | |
| % of Gross Profit | 36.55% |
| Depreciation & Amortization | $57.00K |
| YoY Change | |
| % of Gross Profit | 0.59% |
| Operating Expenses | $440.2K |
| YoY Change | 187.27% |
| Operating Profit | -$3.835M |
| YoY Change | |
| Interest Expense | $1.870K |
| YoY Change | -95.75% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$2.449M |
| YoY Change | 1139.97% |
| Pretax Income | -$2.888M |
| YoY Change | 2544.76% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$2.888M |
| YoY Change | 3245.6% |
| Net Earnings / Revenue | |
| Basic Earnings Per Share | -$0.18 |
| Diluted Earnings Per Share | -$205.0K |
| COMMON SHARES | |
| Basic Shares Outstanding | 16.37M shares |
| Diluted Shares Outstanding | 24.92M shares |
Balance Sheet
| Concept | 2021 Q3 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $101.5K |
| YoY Change | -99.92% |
| Cash & Equivalents | $33.25M |
| Short-Term Investments | |
| Other Short-Term Assets | $232.7K |
| YoY Change | 67.42% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | |
| Other Receivables | |
| Total Short-Term Assets | $334.3K |
| YoY Change | -12.47% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | |
| YoY Change | |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $130.2M |
| YoY Change | -0.34% |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $130.2M |
| YoY Change | -0.34% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $334.3K |
| Total Long-Term Assets | $130.2M |
| Total Assets | $130.5M |
| YoY Change | -0.38% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $264.8K |
| YoY Change | 140.47% |
| Accrued Expenses | |
| YoY Change | |
| Deferred Revenue | $2.179M |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $681.6K |
| YoY Change | 332.23% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | $7.229M |
| YoY Change | |
| Total Long-Term Liabilities | $7.229M |
| YoY Change | |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $681.6K |
| Total Long-Term Liabilities | $7.229M |
| Total Liabilities | $7.911M |
| YoY Change | 4916.23% |
| 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 | $122.6M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $130.5M |
| YoY Change | -0.38% |
Cashflow Statement
| Concept | 2021 Q3 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$2.888M |
| YoY Change | 3245.6% |
| Depreciation, Depletion And Amortization | $57.00K |
| YoY Change | |
| Cash From Operating Activities | -$380.6K |
| YoY Change | -29.46% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | |
| YoY Change | |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $39.41K |
| YoY Change | -90.61% |
| Cash From Investing Activities | $39.41K |
| YoY Change | -90.61% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 0.000 |
| YoY Change | |
| NET CHANGE | |
| Cash From Operating Activities | -380.6K |
| Cash From Investing Activities | 39.41K |
| Cash From Financing Activities | 0.000 |
| Net Change In Cash | -341.2K |
| YoY Change | 185.1% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$380.6K |
| Capital Expenditures | |
| Free Cash Flow | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001785592 | ||
| CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
13001552 | shares |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
13001552 | shares |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
| us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
13001552 | shares | |
| us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
13001552 | shares | |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
| CY2021Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.18 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.26 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0 | ||
| CY2021Q3 | mcmj |
Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock
BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock
|
3370388 | shares |
| CY2020Q3 | mcmj |
Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock
BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock
|
3370388 | shares |
| mcmj |
Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock
BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock
|
3370388 | shares | |
| mcmj |
Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock
BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock
|
3370388 | shares | |
| CY2021Q3 | mcmj |
Basic And Diluted Net Loss Per Share Nonredeemable Common Stock
BasicAndDilutedNetLossPerShareNonredeemableCommonStock
|
-0.18 | |
| CY2020Q3 | mcmj |
Basic And Diluted Net Loss Per Share Nonredeemable Common Stock
BasicAndDilutedNetLossPerShareNonredeemableCommonStock
|
-0.02 | |
| mcmj |
Basic And Diluted Net Loss Per Share Nonredeemable Common Stock
BasicAndDilutedNetLossPerShareNonredeemableCommonStock
|
-0.26 | ||
| mcmj |
Basic And Diluted Net Loss Per Share Nonredeemable Common Stock
BasicAndDilutedNetLossPerShareNonredeemableCommonStock
|
0 | ||
| CY2021Q3 | us-gaap |
Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
USD | ||
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| mcmj |
Unrealized Loss On Marketable Securities Held In Trust Account
UnrealizedLossOnMarketableSecuritiesHeldInTrustAccount
|
USD | ||
| us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD |
