2022 Q4 Form 10-Q Financial Statement

#000095017022025396 Filed on November 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $1.121M $187.8K
YoY Change 467.03% 273.02%
Cost Of Revenue $1.632M $753.7K
YoY Change 75.29% 51.36%
Gross Profit -$511.1K -$565.9K
YoY Change -30.3% 26.43%
Gross Profit Margin -45.61% -301.37%
Selling, General & Admin $7.994M $209.3K
YoY Change 132.89% -89.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $434.3K $38.62K
YoY Change -5461.73% 760.13%
% of Gross Profit
Operating Expenses $8.418M $5.451M
YoY Change 145.12% 183.85%
Operating Profit -$8.929M -$5.263M
YoY Change 114.25% 122.27%
Interest Expense -$6.481M -$120.5K
YoY Change 692.83% -96.13%
% of Operating Profit
Other Income/Expense, Net -$2.843M $0.00
YoY Change
Pretax Income -$21.58M -$5.410M
YoY Change 333.14% -1.76%
Income Tax $126.4K $1.312M
% Of Pretax Income
Net Earnings -$19.69M -$6.663M
YoY Change 275.94% 20.7%
Net Earnings / Revenue -1757.37% -3548.22%
Basic Earnings Per Share -$0.51
Diluted Earnings Per Share -$1.50 -$0.51
COMMON SHARES
Basic Shares Outstanding 13.09M 13.09M
Diluted Shares Outstanding 13.09M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.242M $10.20M
YoY Change -87.96% -53.17%
Cash & Equivalents $4.238M $10.18M
Short-Term Investments $4.290K $24.22K
Other Short-Term Assets $2.121M $1.822M
YoY Change 69.46% 2.18%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $10.49M $17.45M
YoY Change -72.76% -26.35%
LONG-TERM ASSETS
Property, Plant & Equipment $27.19M $21.98M
YoY Change 151693.66% 23469.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $464.8K $322.2K
YoY Change -76.45% -84.74%
Other Assets $10.73K $10.73K
YoY Change 0.0% -99.35%
Total Long-Term Assets $42.70M $50.51M
YoY Change 80.97% 491.6%
TOTAL ASSETS
Total Short-Term Assets $10.49M $17.45M
Total Long-Term Assets $42.70M $50.51M
Total Assets $53.19M $67.95M
YoY Change -14.35% 110.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.646M $636.4K
YoY Change 1258.19% 368.19%
Accrued Expenses $90.82K $90.00K
YoY Change 33.56% -3.58%
Deferred Revenue
YoY Change
Short-Term Debt $475.8K $0.00
YoY Change 314.84% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.213M $1.970M
YoY Change 102.33% 119.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $179.4K $203.2K
YoY Change 12215.76%
Total Long-Term Liabilities $179.4K $203.2K
YoY Change 544.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.213M $1.970M
Total Long-Term Liabilities $179.4K $203.2K
Total Liabilities $2.392M $2.173M
YoY Change 118.74% 133.91%
SHAREHOLDERS EQUITY
Retained Earnings -$43.02M -$23.32M
YoY Change 212.24% 173.16%
Common Stock $92.21M $85.48M
YoY Change 23.71% 116.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.19M $62.16M
YoY Change
Total Liabilities & Shareholders Equity $53.19M $67.95M
YoY Change -14.35% 110.88%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$19.69M -$6.663M
YoY Change 275.94% 20.7%
Depreciation, Depletion And Amortization $434.3K $38.62K
YoY Change -5461.73% 760.13%
Cash From Operating Activities -$7.455M -$1.526M
YoY Change 317.14% -10.33%
INVESTING ACTIVITIES
Capital Expenditures -$1.818M -$2.140K
YoY Change 17721.37% 109.8%
Acquisitions
YoY Change
Other Investing Activities -$115.2K -$5.343M
YoY Change -99.24% 79.68%
Cash From Investing Activities $1.703M -$5.345M
YoY Change -111.19% 79.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -184.3K 0.000
YoY Change -100.57% -100.0%
NET CHANGE
Cash From Operating Activities -7.455M -1.526M
Cash From Investing Activities 1.703M -5.345M
Cash From Financing Activities -184.3K 0.000
Net Change In Cash -5.937M -6.871M
YoY Change -139.32% 45.74%
FREE CASH FLOW
Cash From Operating Activities -$7.455M -$1.526M
Capital Expenditures -$1.818M -$2.140K
Free Cash Flow -$5.638M -$1.524M
YoY Change 217.24% -10.4%

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