2022 Q1 Form 10-Q Financial Statement
#000149315222013957 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $189.0K | |
| YoY Change | ||
| Cost Of Revenue | $369.0K | |
| YoY Change | ||
| Gross Profit | -$180.0K | |
| YoY Change | ||
| Gross Profit Margin | -95.24% | |
| Selling, General & Admin | $9.209M | |
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | $2.881M | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $24.00K | |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $12.09M | |
| YoY Change | ||
| Operating Profit | -$12.27M | |
| YoY Change | ||
| Interest Expense | $0.00 | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.000K | |
| YoY Change | ||
| Pretax Income | -$12.27M | |
| YoY Change | ||
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$12.27M | |
| YoY Change | ||
| Net Earnings / Revenue | -6492.06% | |
| Basic Earnings Per Share | -$0.35 | |
| Diluted Earnings Per Share | -$344.6K | |
| COMMON SHARES | ||
| Basic Shares Outstanding | 35.12M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $47.92M | |
| YoY Change | ||
| Cash & Equivalents | $47.92M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $4.324M | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $89.00K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $52.33M | |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.319M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $695.0K | |
| YoY Change | ||
| Total Long-Term Assets | $9.728M | |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $52.33M | |
| Total Long-Term Assets | $9.728M | |
| Total Assets | $62.06M | |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.462M | |
| YoY Change | ||
| Accrued Expenses | $2.995M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.770M | |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $14.11M | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | ||
| Other Long-Term Liabilities | $1.455M | |
| YoY Change | ||
| Total Long-Term Liabilities | $1.455M | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $14.11M | |
| Total Long-Term Liabilities | $1.455M | |
| Total Liabilities | $15.57M | |
| YoY Change | ||
| 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 | $46.49M | -$16.37M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $62.06M | |
| YoY Change |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$12.27M | |
| YoY Change | ||
| Depreciation, Depletion And Amortization | $24.00K | |
| YoY Change | ||
| Cash From Operating Activities | -$5.776M | |
| YoY Change | ||
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$148.0K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$148.0K | |
| 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 | 187.0K | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -5.776M | |
| Cash From Investing Activities | -148.0K | |
| Cash From Financing Activities | 187.0K | |
| Net Change In Cash | -5.737M | |
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.776M | |
| Capital Expenditures | -$148.0K | |
| Free Cash Flow | -$5.628M | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
USD | |
| CY2021Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
USD | |
| CY2021Q4 | LUCD |
Contingent Consideration Payable Current
ContingentConsiderationPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
USD | |
| CY2021Q1 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2021Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
USD | |
| CY2021Q1 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| CY2021Q1 | LUCD |
Change In Fair Value Contingent Consideration Payable
ChangeInFairValueContingentConsiderationPayable
|
USD | |
| CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | |
| CY2021Q1 | LUCD |
Fair Value Adjustment To Contingent Consideration Payable
FairValueAdjustmentToContingentConsiderationPayable
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
USD | |
| CY2022Q1 | LUCD |
Increase Decrease In Service Fees
IncreaseDecreaseInServiceFees
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | |
| CY2021Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
USD | |
| CY2021Q1 | LUCD |
Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
|
USD | |
| CY2021Q1 | LUCD |
Rightofuse Assets Obtained In Exchange For New Operating Lease Liabilities
RightofuseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities
|
USD | |
| CY2021Q4 | LUCD |
Contingent Consideration Payable Current
ContingentConsiderationPayableCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1760000 | shares |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.16 |
