$LPCN
Lipocine Inc.

2021 Q4 Form 10-K Financial Statement

#000149315222006353 Filed on March 09, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $16.09M $16.14M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.048M $5.330M $2.320M
YoY Change -54.82% -35.4% 44.1%
% of Gross Profit
Research & Development $2.254M $7.666M $2.480M
YoY Change -9.12% -21.38% 34.78%
% of Gross Profit
Depreciation & Amortization $380.00 $380.00 $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $3.302M $13.00M $4.800M
YoY Change -31.21% -27.76% 39.13%
Operating Profit $3.146M
YoY Change
Interest Expense -$9.610K -$135.6K -$80.00K
YoY Change -87.99% -56.26% 0.0%
% of Operating Profit -4.31%
Other Income/Expense, Net -$150.3K $355.9K $130.0K
YoY Change -215.63% -112.31% -45.83%
Pretax Income $12.62M -$634.2K -$4.510M
YoY Change -379.91% -96.97% 37.08%
Income Tax $0.00 $200.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $12.62M -$634.4K -$4.510M
YoY Change -379.91% -96.97% 37.08%
Net Earnings / Revenue 78.48% -3.93%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share $143.0K -$7.297K -$67.66K
COMMON SHARES
Basic Shares Outstanding 86.93M shares
Diluted Shares Outstanding 87.62M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.62M $44.62M $19.67M
YoY Change 126.83% 126.83% 39.8%
Cash & Equivalents $2.951M $2.951M $19.22M
Short-Term Investments $41.67M $41.67M $450.0K
Other Short-Term Assets $1.514M $1.514M $5.660M
YoY Change -73.24% -73.24% 1.98%
Inventory
Prepaid Expenses
Receivables $247.3K $247.3K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.38M $46.38M $25.33M
YoY Change 83.1% 83.1% 29.04%
LONG-TERM ASSETS
Property, Plant & Equipment $7.210K $7.210K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.022M $2.022M
YoY Change
Other Assets $23.75K $23.75K $20.00K
YoY Change 18.75% 18.75% 0.0%
Total Long-Term Assets $6.103M $6.103M $20.00K
YoY Change 30413.8% 30413.8% -33.33%
TOTAL ASSETS
Total Short-Term Assets $46.38M $46.38M $25.33M
Total Long-Term Assets $6.103M $6.103M $20.00K
Total Assets $52.48M $52.48M $25.35M
YoY Change 107.03% 107.03% 28.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.289M $1.289M $1.600M
YoY Change -19.42% -19.42% 35.59%
Accrued Expenses $2.016M $2.016M $1.650M
YoY Change 22.21% 22.21% 266.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.311M $2.311M $3.330M
YoY Change -30.61% -30.61% 0.0%
Total Short-Term Liabilities $5.617M $5.617M $6.580M
YoY Change -14.64% -14.64% 32.66%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.260M
YoY Change -100.0% -40.68%
Other Long-Term Liabilities $1.296M $1.296M $1.170M
YoY Change 10.75% 10.75% -74.51%
Total Long-Term Liabilities $0.00 $1.296M $3.430M
YoY Change -100.0% -62.22% -59.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.617M $5.617M $6.580M
Total Long-Term Liabilities $0.00 $1.296M $3.430M
Total Liabilities $6.912M $6.912M $10.01M
YoY Change -30.94% -30.94% -25.13%
SHAREHOLDERS EQUITY
Retained Earnings -$172.7M
YoY Change
Common Stock $8.829K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.71K
YoY Change
Treasury Stock Shares 5.710K shares
Shareholders Equity $45.57M $45.57M $15.34M
YoY Change
Total Liabilities & Shareholders Equity $52.48M $52.48M $25.35M
YoY Change 107.03% 107.03% 28.94%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $12.62M -$634.4K -$4.510M
YoY Change -379.91% -96.97% 37.08%
Depreciation, Depletion And Amortization $380.00 $380.00 $0.00
YoY Change -100.0%
Cash From Operating Activities $8.995M -$4.411M -$3.680M
YoY Change -344.42% -71.17% 11.18%
INVESTING ACTIVITIES
Capital Expenditures -$7.590K -$7.590K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$9.715M -$43.77M $5.410M
YoY Change -279.58% -1225.27% 866.07%
Cash From Investing Activities -$9.723M -$43.78M $5.410M
YoY Change -279.72% -1225.46% 866.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -838.5K 26.92M 4.560M
YoY Change -118.39% 28.83% -21.65%
NET CHANGE
Cash From Operating Activities 8.995M -4.411M -3.680M
Cash From Investing Activities -9.723M -43.78M 5.410M
Cash From Financing Activities -838.5K 26.92M 4.560M
Net Change In Cash -1.567M -21.27M 6.290M
YoY Change -124.91% -324.1% 104.89%
FREE CASH FLOW
Cash From Operating Activities $8.995M -$4.411M -$3.680M
Capital Expenditures -$7.590K -$7.590K
Free Cash Flow $9.002M -$4.404M
YoY Change -71.22%

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