2016 Form 10-K Financial Statement
#000149315217004041 Filed on April 17, 2017
Income Statement
| Concept | 2016 | 2015 |
|---|---|---|
| Revenue | $300.0K | $30.00K |
| YoY Change | 900.0% | |
| Cost Of Revenue | $40.00K | $10.00K |
| YoY Change | 300.0% | |
| Gross Profit | $318.6K | $20.33K |
| YoY Change | 1467.51% | |
| Gross Profit Margin | 106.2% | 67.75% |
| Selling, General & Admin | $700.0K | $410.0K |
| YoY Change | 70.73% | 127.78% |
| % of Gross Profit | 219.71% | 2017.22% |
| Research & Development | $59.52K | |
| YoY Change | 48.8% | |
| % of Gross Profit | 292.84% | |
| Depreciation & Amortization | $2.014K | $506.00 |
| YoY Change | 298.02% | |
| % of Gross Profit | 0.63% | 2.49% |
| Operating Expenses | $0.00 | $59.52K |
| YoY Change | -100.0% | -71.66% |
| Operating Profit | $318.6K | -$39.19K |
| YoY Change | -912.87% | -81.34% |
| Interest Expense | $214.7K | $19.92K |
| YoY Change | 978.12% | -299.15% |
| % of Operating Profit | 67.39% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$850.0K | -$500.0K |
| YoY Change | 70.0% | 127.27% |
| Income Tax | $1.600K | $1.600K |
| % Of Pretax Income | ||
| Net Earnings | -$860.0K | |
| YoY Change | ||
| Net Earnings / Revenue | -286.67% | |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$52.18K | -$34.07K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 | 2015 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $120.0K | $10.00K |
| YoY Change | 1100.0% | -96.3% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $0.00 | $0.00 |
| YoY Change | ||
| Inventory | $10.00K | $10.00K |
| Prepaid Expenses | ||
| Receivables | $50.00K | $0.00 |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $180.0K | $20.00K |
| YoY Change | 800.0% | -92.59% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $360.0K | $50.00K |
| YoY Change | 620.0% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $260.0K | $10.00K |
| YoY Change | 2500.0% | |
| Total Long-Term Assets | $610.0K | $60.00K |
| YoY Change | 916.67% | 500.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $180.0K | $20.00K |
| Total Long-Term Assets | $610.0K | $60.00K |
| Total Assets | $790.0K | $80.00K |
| YoY Change | 887.5% | -71.43% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $30.00K | $10.00K |
| YoY Change | 200.0% | |
| Accrued Expenses | $80.00K | $60.00K |
| YoY Change | 33.33% | 100.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $240.0K | $60.00K |
| YoY Change | 300.0% | 20.0% |
| Total Short-Term Liabilities | $590.0K | $270.0K |
| YoY Change | 118.52% | 237.5% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $70.00K | $100.0K |
| YoY Change | -30.0% | -9.09% |
| Other Long-Term Liabilities | $120.0K | |
| YoY Change | ||
| Total Long-Term Liabilities | $190.0K | $100.0K |
| YoY Change | 90.0% | -9.09% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $590.0K | $270.0K |
| Total Long-Term Liabilities | $190.0K | $100.0K |
| Total Liabilities | $780.0K | $370.0K |
| YoY Change | 110.81% | 94.74% |
| 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 | $10.00K | -$290.0K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $790.0K | $80.00K |
| YoY Change | 887.5% | -71.43% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-116541 | USD |
| CY2015 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2016 | us-gaap |
Interest Expense
InterestExpense
|
214708 | USD |
| CY2015 | us-gaap |
Interest Expense
InterestExpense
|
19915 | USD |
| CY2016 | us-gaap |
Gross Profit
GrossProfit
|
318597 | USD |
| CY2015 | us-gaap |
Gross Profit
GrossProfit
|
20325 | USD |
| CY2016 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
147231 | USD |
| CY2015 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
150114 | USD |
| CY2016 | us-gaap |
Professional Fees
ProfessionalFees
|
92705 | USD |
| CY2015 | us-gaap |
Professional Fees
ProfessionalFees
|
99846 | USD |
| CY2016 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
458351 | USD |
| CY2015 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
161714 | USD |
| CY2016 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
USD | |
| CY2015 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
59519 | USD |
| CY2016 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-798619 | USD |
| CY2015 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-503842 | USD |
| CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1600 | USD |
| CY2015 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1600 | USD |
| CY2016 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
22231 | USD |
| CY2015 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
12658 | USD |
| CY2016 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
| CY2015 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
17500 | USD |
| CY2016 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2014 | USD |
| CY2015 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
506 | USD |
| CY2016 | bdic |
Identifiable Segment Operating Income
IdentifiableSegmentOperatingIncome
|
255162 | USD |
| CY2015 | bdic |
Identifiable Segment Operating Income
IdentifiableSegmentOperatingIncome
|
17930 | USD |
