2022 Q3 Form 10-Q Financial Statement

#000156459022029681 Filed on August 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $187.8K $234.5K $197.6K
YoY Change 273.02% -28.58% -40.11%
Cost Of Revenue $753.7K $1.031M $930.9K
YoY Change 51.36% 22.36% 116.49%
Gross Profit -$565.9K -$751.6K -$733.3K
YoY Change 26.43% -105.52% 633.27%
Gross Profit Margin -301.37% -320.48% -371.03%
Selling, General & Admin $209.3K $122.3K $3.433M
YoY Change -89.62% 27.35% 803.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.62K $2.010K -$8.100K
YoY Change 760.13% -59.72%
% of Gross Profit
Operating Expenses $5.451M $5.608M $3.434M
YoY Change 183.85% 774.1% 1617.07%
Operating Profit -$5.263M -$5.374M -$4.167M
YoY Change 122.27% 1615.58% 1289.13%
Interest Expense -$120.5K $12.27M -$817.4K
YoY Change -96.13% 6493646.03%
% of Operating Profit
Other Income/Expense, Net $0.00 $1.290K
YoY Change
Pretax Income -$5.410M $6.568M -$4.983M
YoY Change -1.76% -41.71% 1561.02%
Income Tax $1.312M $0.00 $296.3K
% Of Pretax Income 0.0%
Net Earnings -$6.663M $2.844M -$5.238M
YoY Change 20.7% -74.39% 1646.16%
Net Earnings / Revenue -3548.22% 1212.77% -2650.66%
Basic Earnings Per Share -$0.51 $0.22
Diluted Earnings Per Share -$0.51 $0.22 -$458.1K
COMMON SHARES
Basic Shares Outstanding 13.09M 13.09M
Diluted Shares Outstanding 13.09M 13.09M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.20M $17.08M $35.23M
YoY Change -53.17% -43.07% 205.03%
Cash & Equivalents $10.18M $17.05M $32.56M
Short-Term Investments $24.22K $37.22K $2.671M
Other Short-Term Assets $1.822M $1.798M $1.252M
YoY Change 2.18% 1044.05% 212.96%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $17.45M $22.15M $38.51M
YoY Change -26.35% -26.93% 217.72%
LONG-TERM ASSETS
Property, Plant & Equipment $21.98M $15.08M $17.91K
YoY Change 23469.24% 190149.98% 190.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $322.2K $516.4K $1.973M
YoY Change -84.74% -77.5% 9767.07%
Other Assets $10.73K $10.73K $10.73K
YoY Change -99.35% -2.35% -2.35%
Total Long-Term Assets $50.51M $47.83M $23.59M
YoY Change 491.6% 571.77% 11901.34%
TOTAL ASSETS
Total Short-Term Assets $17.45M $22.15M $38.51M
Total Long-Term Assets $50.51M $47.83M $23.59M
Total Assets $67.95M $69.98M $62.10M
YoY Change 110.88% 86.98% 404.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $636.4K $371.2K $121.2K
YoY Change 368.19% 113.1% -24.24%
Accrued Expenses $90.00K $90.03K $68.00K
YoY Change -3.58% -17.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $114.7K
YoY Change -100.0% 19.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.970M $897.7K $1.094M
YoY Change 119.48% 54.5% 122.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $203.2K $226.3K $0.00
YoY Change 12215.76% 1684.86% -100.0%
Total Long-Term Liabilities $203.2K $226.3K $0.00
YoY Change 544.4% 655.71% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.970M $897.7K $1.094M
Total Long-Term Liabilities $203.2K $226.3K $0.00
Total Liabilities $2.173M $1.124M $1.094M
YoY Change 133.91% 83.97% 28.81%
SHAREHOLDERS EQUITY
Retained Earnings -$23.32M -$16.66M -$13.78M
YoY Change 173.16% 445.84% -25.68%
Common Stock $85.48M $81.83M $74.54M
YoY Change 116.17% 106.95% 148.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $62.16M $65.17M $60.76M
YoY Change
Total Liabilities & Shareholders Equity $67.95M $69.98M $62.10M
YoY Change 110.88% 86.98% 404.2%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$6.663M $2.844M -$5.238M
YoY Change 20.7% -74.39% 1646.16%
Depreciation, Depletion And Amortization $38.62K $2.010K -$8.100K
YoY Change 760.13% -59.72%
Cash From Operating Activities -$1.526M $374.0K -$1.787M
YoY Change -10.33% -95.13% 148.23%
INVESTING ACTIVITIES
Capital Expenditures -$2.140K -$13.24K -$10.20K
YoY Change 109.8% 315.05%
Acquisitions
YoY Change
Other Investing Activities -$5.343M -$7.793M -$15.20M
YoY Change 79.68% 95.2% -16992.96%
Cash From Investing Activities -$5.345M -$7.806M -$15.21M
YoY Change 79.69% 95.37% -17004.29%
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 -57.35K 32.10M
YoY Change -100.0% -108.31% -64303.08%
NET CHANGE
Cash From Operating Activities -1.526M 374.0K -1.787M
Cash From Investing Activities -5.345M -7.806M -15.21M
Cash From Financing Activities 0.000 -57.35K 32.10M
Net Change In Cash -6.871M -7.490M 15.10M
YoY Change 45.74% -271.36% -2320.65%
FREE CASH FLOW
Cash From Operating Activities -$1.526M $374.0K -$1.787M
Capital Expenditures -$2.140K -$13.24K -$10.20K
Free Cash Flow -$1.524M $387.2K -$1.777M
YoY Change -10.4% -94.96% 146.82%

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