2021 Form 10-K Financial Statement
#000121390022011581 Filed on March 10, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $5.021M | $1.550M | $3.660M |
| YoY Change | 37.18% | 147.3% | |
| % of Gross Profit | |||
| Research & Development | $7.571M | $1.350M | $2.240M |
| YoY Change | 237.97% | 135.79% | |
| % of Gross Profit | |||
| Depreciation & Amortization | $6.760K | $0.00 | $0.00 |
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $12.59M | $2.900M | $5.910M |
| YoY Change | 113.05% | 143.21% | |
| Operating Profit | -$12.59M | ||
| YoY Change | |||
| Interest Expense | $119.5K | ||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | $160.6K | ||
| YoY Change | |||
| Pretax Income | -$12.36M | -$2.900M | -$5.910M |
| YoY Change | 109.19% | 143.21% | |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$12.36M | -$2.900M | -$5.910M |
| YoY Change | 109.19% | 143.21% | |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$1.13 | ||
| Diluted Earnings Per Share | -$1.134M | -$465.5K | -$950.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 10.90M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $70.73M | $19.23M | $19.23M |
| YoY Change | 267.79% | 1463.41% | |
| Cash & Equivalents | $19.23M | ||
| Short-Term Investments | $19.20M | ||
| Other Short-Term Assets | $1.991M | $1.010M | $1.010M |
| YoY Change | 97.12% | ||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $72.72M | $20.24M | $20.24M |
| YoY Change | 259.27% | 1545.53% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $216.2K | $20.00K | $20.00K |
| YoY Change | 980.95% | 100.0% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.018M | $100.0K | |
| YoY Change | 917.89% | -47.37% | |
| Total Long-Term Assets | $1.234M | $120.0K | $120.0K |
| YoY Change | 928.4% | -40.0% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $72.72M | $20.24M | $20.24M |
| Total Long-Term Assets | $1.234M | $120.0K | $120.0K |
| Total Assets | $73.95M | $20.36M | $20.36M |
| YoY Change | 263.21% | 1323.78% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.174M | $550.0K | $550.0K |
| YoY Change | 295.29% | 12.24% | |
| Accrued Expenses | $152.1K | ||
| YoY Change | |||
| 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 | $2.326M | $550.0K | $550.0K |
| YoY Change | 322.94% | 12.24% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $110.0K | $110.0K |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | $52.89K | ||
| YoY Change | |||
| Total Long-Term Liabilities | $52.89K | $110.0K | $110.0K |
| YoY Change | -51.92% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.326M | $550.0K | $550.0K |
| Total Long-Term Liabilities | $52.89K | $110.0K | $110.0K |
| Total Liabilities | $2.379M | $660.0K | $660.0K |
| YoY Change | 260.46% | 34.69% | |
| 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 | $71.57M | $19.70M | $19.70M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $73.95M | $20.36M | $20.36M |
| YoY Change | 263.21% | 1323.78% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$12.36M | -$2.900M | -$5.910M |
| YoY Change | 109.19% | 143.21% | |
| Depreciation, Depletion And Amortization | $6.760K | $0.00 | $0.00 |
| YoY Change | |||
| Cash From Operating Activities | -$10.59M | -$1.570M | -$5.650M |
| YoY Change | 87.46% | 24.6% | 165.26% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$15.50K | -$10.00K | -$20.00K |
| YoY Change | -22.5% | 0.0% | 100.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$19.52M | ||
| YoY Change | |||
| Cash From Investing Activities | -$19.53M | -$10.00K | -$20.00K |
| YoY Change | 97552.95% | 0.0% | 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 | 63.42M | -10.00K | 23.66M |
| YoY Change | 168.03% | -100.93% | 710.27% |
| NET CHANGE | |||
| Cash From Operating Activities | -10.59M | -1.570M | -5.650M |
| Cash From Investing Activities | -19.53M | -10.00K | -20.00K |
| Cash From Financing Activities | 63.42M | -10.00K | 23.66M |
| Net Change In Cash | 33.29M | -1.590M | 17.99M |
| YoY Change | 85.07% | 695.0% | 2206.41% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$10.59M | -$1.570M | -$5.650M |
| Capital Expenditures | -$15.50K | -$10.00K | -$20.00K |
| Free Cash Flow | -$10.58M | -$1.560M | -$5.630M |
| YoY Change | 87.85% | 24.8% | 165.57% |
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