2023 Q4 Form 10-Q Financial Statement

#000147793223007995 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.078M $1.609M $2.024M
YoY Change -1.66% -20.49% 14.8%
% of Gross Profit
Research & Development $555.2K $552.8K $172.9K
YoY Change 708.77% 219.75% -60.68%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.633M $2.162M $2.197M
YoY Change 26.16% -1.59% -0.27%
Operating Profit -$2.162M -$2.125M
YoY Change 1.71% 11.06%
Interest Expense $263.1K $322.1K $87.94K
YoY Change 47.0% 266.24% 5573.55%
% of Operating Profit
Other Income/Expense, Net $322.1K $71.34K
YoY Change 351.48% -75.31%
Pretax Income -$2.370M -$1.840M -$2.038M
YoY Change 24.2% -9.7% 6.55%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.370M -$1.840M -$2.038M
YoY Change 24.2% -9.7% 6.55%
Net Earnings / Revenue
Basic Earnings Per Share -$0.15 -$0.18
Diluted Earnings Per Share -$0.19 -$0.15 -$183.8K
COMMON SHARES
Basic Shares Outstanding 12.96M shares 12.57M shares 11.08M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.60M $29.24M $31.28M
YoY Change -1.04% -6.55% 93.91%
Cash & Equivalents $28.60M $29.24M $31.28M
Short-Term Investments
Other Short-Term Assets $207.1K $252.4K $305.9K
YoY Change 79.65% -17.49% 23.75%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $28.81M $29.49M $31.59M
YoY Change -0.72% -6.65% 91.56%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $100.0K $100.0K
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $483.0K $486.4K
YoY Change 40.0%
Total Long-Term Assets $591.9K $595.2K $107.8K
YoY Change 30.59% 452.39% 6.08%
TOTAL ASSETS
Total Short-Term Assets $28.81M $29.49M $31.59M
Total Long-Term Assets $591.9K $595.2K $107.8K
Total Assets $29.40M $30.08M $31.70M
YoY Change -0.24% -5.09% 91.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.33K $75.64K $100.0K
YoY Change -42.57% -24.36% 51.52%
Accrued Expenses $400.0K $800.0K $1.100M
YoY Change 100.0% -27.27% 18.53%
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 $486.3K $875.6K $1.190M
YoY Change 38.82% -26.44% 7.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $486.3K $875.6K $1.190M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $486.3K $875.6K $1.190M
YoY Change 38.82% -26.44% 7.45%
SHAREHOLDERS EQUITY
Retained Earnings -$152.4M -$150.0M -$142.6M
YoY Change 5.47% 5.22% 5.86%
Common Stock $13.70K $12.93K $11.54K
YoY Change 15.11% 12.08% 60.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.91M $29.21M $30.51M
YoY Change
Total Liabilities & Shareholders Equity $29.40M $30.08M $31.70M
YoY Change -0.24% -5.09% 91.04%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$2.370M -$1.840M -$2.038M
YoY Change 24.2% -9.7% 6.55%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.340M -$1.135M -$1.036M
YoY Change -12.01% 9.58% -8.51%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $640.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$640.00 $0.00
YoY Change -100.0% -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 1.702M 2.171M 3.052M
YoY Change 518.62% -28.85% -10.52%
NET CHANGE
Cash From Operating Activities -2.340M -1.135M -1.036M
Cash From Investing Activities 0.000 -640.0 0.000
Cash From Financing Activities 1.702M 2.171M 3.052M
Net Change In Cash -637.5K 1.036M 2.016M
YoY Change -73.27% -48.63% -11.47%
FREE CASH FLOW
Cash From Operating Activities -$2.340M -$1.135M -$1.036M
Capital Expenditures $0.00 $640.00 $0.00
Free Cash Flow -$2.340M -$1.136M -$1.036M
YoY Change -12.03% 9.64% -8.4%

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CY2022Q3 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
11085657 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
11902010 shares
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
19900000 usd
CY2023Q3 us-gaap Deposits
Deposits
9300000 usd
CY2022Q4 us-gaap Deposits
Deposits
9000000.0 usd
CY2023Q3 ltbr Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-1800000 usd
CY2022Q3 ltbr Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-2000000.0 usd
ltbr Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-5500000 usd
ltbr Net Loss Attributable To Common Stockholders
NetLossAttributableToCommonStockholders
-5600000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12252342 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11085657 shares
ltbr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
11902010 shares
ltbr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
10633664 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1800000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2000000.0 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5500000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5600000 usd
CY2023Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2022Q3 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
10633664 shares
CY2023Q3 ltbr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
12252342 shares
CY2022Q3 ltbr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
11085657 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11902010 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10633664 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecrease
503843 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecrease
525903 shares
us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
451404 shares
us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
188588 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
955247 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
714491 shares
CY2023Q3 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
100000 usd
CY2022Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
200000 usd
CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
100000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
200000 usd
CY2023Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
700000 usd
CY2022Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
0 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
900000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
400000 usd
ltbr Lessee Operating Lease Term
LesseeOperatingLeaseTerm
P12M
us-gaap Operating Lease Payments
OperatingLeasePayments
8000 usd
ltbr Lease Payment Under Non Cancellable Operating Leases
LeasePaymentUnderNonCancellableOperatingLeases
23000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
23000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
70000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
23000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
70000 usd
ltbr Project Task Tatement Postemployment Obligations
ProjectTaskTatementPostemploymentObligations
3100000 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12934226 shares
CY2023Q3 ltbr Stock Options Outstanding
StockOptionsOutstanding
503843 shares
CY2023Q3 ltbr Stock Options Vested
StockOptionsVested
491233 shares
CY2023Q3 ltbr Total Common Stock And All Common Stock Equivalents
TotalCommonStockAndAllCommonStockEquivalents
13438069 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11900217 shares
CY2022Q4 ltbr Outstanding Restricted Stock Awards
OutstandingRestrictedStockAwards
416316 shares
CY2022Q4 ltbr Stock Options Outstanding
StockOptionsOutstanding
525903 shares
CY2022Q4 ltbr Stock Options Vested
StockOptionsVested
514513 shares
CY2022Q4 ltbr Total Common Stock And All Common Stock Equivalents
TotalCommonStockAndAllCommonStockEquivalents
12426120 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q3 ltbr Outstanding Restricted Stock Awards
OutstandingRestrictedStockAwards
451404 shares
CY2023Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
300000 usd
CY2022Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
200000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
800000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
600000 usd
CY2023Q3 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
0 usd
CY2022Q3 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
0 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
100000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
0 usd
CY2023Q3 us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
300000 usd
CY2022Q3 us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
200000 usd
us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
900000 usd
us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
600000 usd

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