2021 Form 10-K Financial Statement
#000119983522000228 Filed on April 15, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $205.9K | $237.7K |
| YoY Change | -13.38% | 80.33% |
| % of Gross Profit | ||
| Research & Development | $103.4K | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $309.3K | $0.00 |
| YoY Change | -100.0% | |
| Operating Profit | -$309.3K | |
| YoY Change | ||
| Interest Expense | -$72.93K | -$83.59K |
| YoY Change | -12.75% | 28.44% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$2.187M | |
| YoY Change | ||
| Pretax Income | -$2.569M | -$493.6K |
| YoY Change | 420.45% | 66.27% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.569M | -$493.6K |
| YoY Change | 420.45% | 66.27% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$50.74K | -$9.755K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $6.010K | $12.64K |
| YoY Change | -52.45% | 20.38% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $270.00 | $3.940K |
| YoY Change | -93.15% | 89.42% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $6.280K | $16.58K |
| YoY Change | -62.12% | 31.8% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $0.00 | $230.2K |
| YoY Change | -100.0% | 0.0% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $230.2K |
| YoY Change | -100.0% | 0.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.280K | $16.58K |
| Total Long-Term Assets | $0.00 | $230.2K |
| Total Assets | $6.280K | $246.8K |
| YoY Change | -97.46% | 1.65% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $190.4K | $84.18K |
| YoY Change | 126.17% | 950.94% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $41.47K | $2.022M |
| YoY Change | -97.95% | 26.06% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $231.9K | $2.106M |
| YoY Change | -88.99% | 30.65% |
| 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 | $231.9K | $2.106M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $231.9K | $2.106M |
| YoY Change | -88.99% | 30.65% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$225.6K | -$1.859M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $6.280K | $246.8K |
| YoY Change | -97.46% | 1.65% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.569M | -$493.6K |
| YoY Change | 420.45% | 66.27% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$75.58K | -$127.0K |
| YoY Change | -40.51% | 27.03% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| 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 | 68.94K | 129.2K |
| YoY Change | -46.63% | 24.21% |
| NET CHANGE | ||
| Cash From Operating Activities | -75.58K | -127.0K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 68.94K | 129.2K |
| Net Change In Cash | -6.640K | 2.140K |
| YoY Change | -410.28% | -46.37% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$75.58K | -$127.0K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | |
| CY2020 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
USD | |
| CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2020 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2020 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
USD | |
| CY2020Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
951000 | USD |
| CY2021Q4 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
USD | |
| CY2020Q4 | lsmg |
Shares To Be Issued
SharesToBeIssued
|
USD | |
| CY2020 | lsmg |
Settlement Of Shareholder Debt
SettlementOfShareholderDebt
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD |
