2023 Q1 Form 10-Q Financial Statement
#000149315223004473 Filed on February 13, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
Revenue | $6.356K | ||
YoY Change | |||
Cost Of Revenue | $5.150K | ||
YoY Change | |||
Gross Profit | $1.206K | ||
YoY Change | |||
Gross Profit Margin | 18.97% | ||
Selling, General & Admin | $9.320K | $10.30K | |
YoY Change | -9.51% | ||
% of Gross Profit | 772.8% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | |
YoY Change | |||
% of Gross Profit | 0.0% | ||
Operating Expenses | $9.315K | $10.30K | |
YoY Change | -9.56% | ||
Operating Profit | -$8.109K | -$10.30K | |
YoY Change | -21.27% | ||
Interest Expense | $0.00 | $0.00 | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $15.00 | $10.00 | |
YoY Change | 50.0% | ||
Pretax Income | -$8.090K | -$10.30K | |
YoY Change | -21.46% | ||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$8.094K | -$10.30K | |
YoY Change | -21.42% | ||
Net Earnings / Revenue | -127.34% | ||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | -$343.30 | |
COMMON SHARES | |||
Basic Shares Outstanding | 30.00M shares | 30.00M shares | 30.00M shares |
Diluted Shares Outstanding | 30.00M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.060K | $36.29K | |
YoY Change | -94.32% | ||
Cash & Equivalents | $8.105K | $2.062K | $36.29K |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $7.494K | $6.116K | |
Prepaid Expenses | |||
Receivables | $6.920K | $10.66K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $15.60K | $15.10K | $46.95K |
YoY Change | -55.75% | -67.84% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $15.60K | $15.10K | $46.95K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $15.60K | $15.10K | $46.95K |
YoY Change | -55.75% | -67.84% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $2.060K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $88.33K | $81.10K | |
YoY Change | 8.91% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $99.85K | $90.39K | $81.10K |
YoY Change | 22.01% | 11.46% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $99.85K | $90.39K | $81.10K |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $99.85K | $90.39K | $81.10K |
YoY Change | 22.01% | 11.46% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$439.9K | -$431.0K | |
YoY Change | 9.36% | ||
Common Stock | $30.00K | ||
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$84.26K | -$75.30K | -$34.15K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $15.60K | $15.10K | $46.95K |
YoY Change | -55.75% | -67.84% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.094K | -$10.30K | |
YoY Change | -21.42% | ||
Depreciation, Depletion And Amortization | $0.00 | $0.00 | |
YoY Change | |||
Cash From Operating Activities | -$7.800K | -$8.000K | |
YoY Change | -2.5% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$2.400K | |
YoY Change | -100.0% | ||
Cash From Investing Activities | $0.00 | -$2.400K | |
YoY Change | -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 | 5.960K | 0.000 | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -7.800K | -8.000K | |
Cash From Investing Activities | 0.000 | -2.400K | |
Cash From Financing Activities | 5.960K | 0.000 | |
Net Change In Cash | -1.840K | -10.40K | |
YoY Change | -82.31% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.800K | -$8.000K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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UseOfEstimates
|
<p id="xdx_84B_eus-gaap--UseOfEstimates_zMoHx0buJZLk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_zPn6BhcYBuw7">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. Significant areas requiring the use of estimates are assessing the allowance of doubtful account and collectible of notes receivable. These estimates and assumptions are based on the Company’s historical results as well as management’s future expectations. The Company’s actual results may vary from those estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2022Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
88329 | usd |
CY2022Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
81100 | usd |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
11266 | usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
1538 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
28707 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
37354 | usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
65947 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
67673 | usd |