2021 Form 10-K Financial Statement
#000121390022011894 Filed on March 11, 2022
Income Statement
| Concept | 2021 | 2020 Q4 |
|---|---|---|
| Revenue | $1.180M | |
| YoY Change | -35.87% | |
| Cost Of Revenue | $716.0K | $650.0K |
| YoY Change | -81.16% | -47.58% |
| Gross Profit | $590.0K | $530.0K |
| YoY Change | -67.76% | -13.11% |
| Gross Profit Margin | 44.92% | |
| Selling, General & Admin | $10.95M | $760.0K |
| YoY Change | 273.86% | 2.7% |
| % of Gross Profit | 1856.61% | 143.4% |
| Research & Development | $7.092M | $1.150M |
| YoY Change | 165.62% | 238.24% |
| % of Gross Profit | 1202.03% | 216.98% |
| Depreciation & Amortization | $914.0K | $200.0K |
| YoY Change | 15.7% | 0.0% |
| % of Gross Profit | 154.92% | 37.74% |
| Operating Expenses | $18.05M | $1.910M |
| YoY Change | 221.68% | 76.85% |
| Operating Profit | -$17.46M | -$1.380M |
| YoY Change | 361.8% | 193.62% |
| Interest Expense | -$4.000K | $0.00 |
| YoY Change | -60.0% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $115.0K | $30.00K |
| YoY Change | 91.67% | |
| Pretax Income | -$17.05M | -$1.360M |
| YoY Change | 358.2% | 189.36% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$17.05M | -$1.360M |
| YoY Change | 358.2% | 189.36% |
| Net Earnings / Revenue | -115.25% | |
| Basic Earnings Per Share | -$0.90 | |
| Diluted Earnings Per Share | -$901.1K | -$72.69K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.92M shares | |
| Diluted Shares Outstanding | 18.92M shares |
Balance Sheet
| Concept | 2021 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $35.04M | $820.0K |
| YoY Change | 4173.54% | |
| Cash & Equivalents | $25.66M | $816.0K |
| Short-Term Investments | $9.385M | |
| Other Short-Term Assets | $282.0K | $610.0K |
| YoY Change | -53.77% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $55.00K | $420.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $35.38M | $1.850M |
| YoY Change | 1812.43% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.875M | $5.670M |
| YoY Change | -14.02% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $177.0K | $180.0K |
| YoY Change | -1.67% | |
| Total Long-Term Assets | $7.386M | $7.390M |
| YoY Change | -0.05% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $35.38M | $1.850M |
| Total Long-Term Assets | $7.386M | $7.390M |
| Total Assets | $42.77M | $9.240M |
| YoY Change | 362.84% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $645.0K | $1.590M |
| YoY Change | -59.43% | |
| Accrued Expenses | $1.864M | $2.050M |
| YoY Change | -9.07% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $40.00K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $0.00 | $140.0K |
| YoY Change | -100.0% | |
| Total Short-Term Liabilities | $2.708M | $3.830M |
| YoY Change | -29.3% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $310.0K |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $2.605M | $3.140M |
| YoY Change | -17.04% | |
| Total Long-Term Liabilities | $2.605M | $3.450M |
| YoY Change | -24.49% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.708M | $3.830M |
| Total Long-Term Liabilities | $2.605M | $3.450M |
| Total Liabilities | $5.313M | $7.280M |
| YoY Change | -27.02% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $0.00 | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $37.45M | $1.957K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $42.77M | $9.240M |
| YoY Change | 362.84% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$17.05M | -$1.360M |
| YoY Change | 358.2% | 189.36% |
| Depreciation, Depletion And Amortization | $914.0K | $200.0K |
| YoY Change | 15.7% | 0.0% |
| Cash From Operating Activities | -$9.636M | -$500.0K |
| YoY Change | 308.31% | -350.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.310M | -$40.00K |
| YoY Change | 403.85% | 100.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$9.386M | |
| YoY Change | ||
| Cash From Investing Activities | -$10.70M | -$40.00K |
| YoY Change | 4013.85% | 100.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 45.17M | -30.00K |
| YoY Change | 2759.11% | -120.0% |
| NET CHANGE | ||
| Cash From Operating Activities | -9.636M | -500.0K |
| Cash From Investing Activities | -10.70M | -40.00K |
| Cash From Financing Activities | 45.17M | -30.00K |
| Net Change In Cash | 24.84M | -570.0K |
| YoY Change | -2488.65% | -272.73% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$9.636M | -$500.0K |
| Capital Expenditures | -$1.310M | -$40.00K |
| Free Cash Flow | -$8.326M | -$460.0K |
| YoY Change | 296.48% | -309.09% |
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