2023 Q1 Form 10-K Financial Statement

#000110465923036239 Filed on March 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.784M $2.909M $11.80M
YoY Change 32.87% 4.15% 9.59%
% of Gross Profit
Research & Development $38.94M $11.03M $44.97M
YoY Change 400.28% 36.73% 39.82%
% of Gross Profit
Depreciation & Amortization $4.000K $4.000K $16.00K
YoY Change 0.0% -50.0% -44.83%
% of Gross Profit
Operating Expenses $42.73M $13.94M $56.76M
YoY Change 301.86% 28.35% 32.23%
Operating Profit -$42.73M -$56.76M
YoY Change 301.86% 37.02%
Interest Expense $591.0K $1.213M $54.00K
YoY Change 2714.29% 3467.65% 31.71%
% of Operating Profit
Other Income/Expense, Net $272.0K $775.0K $2.051M
YoY Change 635.14% -316.48% 67.29%
Pretax Income -$41.86M -$11.96M -$54.45M
YoY Change 303.46% 10.57% 34.07%
Income Tax $147.0K $147.0K
% Of Pretax Income
Net Earnings -$41.86M -$12.10M -$54.60M
YoY Change 303.46% 12.18% 34.52%
Net Earnings / Revenue
Basic Earnings Per Share -$0.32 -$0.48
Diluted Earnings Per Share -$0.32 -$0.11 -$0.48
COMMON SHARES
Basic Shares Outstanding 118.8M 99.02M 113.2M
Diluted Shares Outstanding 129.3M 113.2M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.0M $65.50M $65.50M
YoY Change -1.15% -43.0% -43.0%
Cash & Equivalents $102.0M $65.50M $65.50M
Short-Term Investments
Other Short-Term Assets $590.0K $351.0K $351.0K
YoY Change 20.16% -54.36% -54.36%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $104.7M $67.95M $67.95M
YoY Change -0.23% -41.86% -41.86%
LONG-TERM ASSETS
Property, Plant & Equipment $16.00K $20.00K $689.0K
YoY Change -50.0% -44.44% 39.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00K $30.00K $1.714M
YoY Change -80.0% -66.67% 216.24%
Total Long-Term Assets $1.848M $2.403M $2.403M
YoY Change 93.1% 131.73% 131.73%
TOTAL ASSETS
Total Short-Term Assets $104.7M $67.95M $67.95M
Total Long-Term Assets $1.848M $2.403M $2.403M
Total Assets $106.5M $70.35M $70.35M
YoY Change 0.61% -40.33% -40.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.498M $5.657M $5.657M
YoY Change 28.25% 35.04% 35.04%
Accrued Expenses $4.388M $5.152M $5.568M
YoY Change 62.88% -3.99% -3.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.31M $11.23M $11.23M
YoY Change 40.4% 12.4% 12.4%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $192.0K $262.0K $262.0K
YoY Change 608.11% 608.11%
Total Long-Term Liabilities $192.0K $262.0K $262.0K
YoY Change 608.11% 608.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.31M $11.23M $11.23M
Total Long-Term Liabilities $192.0K $262.0K $262.0K
Total Liabilities $10.50M $11.49M $11.49M
YoY Change 43.01% 14.59% 14.59%
SHAREHOLDERS EQUITY
Retained Earnings -$360.0M -$318.2M
YoY Change 31.42% 20.71%
Common Stock $119.0K $99.00K
YoY Change 35.23% 12.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.33M $58.87M $58.87M
YoY Change
Total Liabilities & Shareholders Equity $106.5M $70.35M $70.35M
YoY Change 0.61% -40.33% -40.33%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$41.86M -$12.10M -$54.60M
YoY Change 303.46% 12.18% 34.52%
Depreciation, Depletion And Amortization $4.000K $4.000K $16.00K
YoY Change 0.0% -50.0% -44.83%
Cash From Operating Activities -$12.70M -$13.01M -$49.04M
YoY Change 10.26% 21.44% 39.5%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $49.32M
YoY Change
Cash From Investing Activities $49.32M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.00K 0.000 -210.0K
YoY Change -86.19% -100.0% -100.21%
NET CHANGE
Cash From Operating Activities -12.70M -13.01M -49.04M
Cash From Investing Activities 49.32M
Cash From Financing Activities -29.00K 0.000 -210.0K
Net Change In Cash 36.54M -13.01M -49.42M
YoY Change -412.4% 30.65% -178.63%
FREE CASH FLOW
Cash From Operating Activities -$12.70M -$13.01M -$49.04M
Capital Expenditures
Free Cash Flow
YoY Change

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