2022 Q1 Form 10-Q Financial Statement
#000155335022000418 Filed on May 10, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $885.4K | $548.2K |
| YoY Change | 61.51% | -9.6% |
| % of Gross Profit | ||
| Research & Development | $2.625M | $1.348M |
| YoY Change | 94.81% | 13.26% |
| % of Gross Profit | ||
| Depreciation & Amortization | $244.2K | $174.0K |
| YoY Change | 40.32% | -2.41% |
| % of Gross Profit | ||
| Operating Expenses | $3.511M | $1.896M |
| YoY Change | 85.18% | 5.54% |
| Operating Profit | -$3.511M | -$1.896M |
| YoY Change | 85.18% | 5.54% |
| Interest Expense | -$45.19K | -$250.0K |
| YoY Change | -81.92% | 706.88% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$3.556M | -$1.735M |
| YoY Change | 104.94% | -5.04% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$3.556M | -$1.735M |
| YoY Change | 104.94% | -5.04% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.03 | |
| Diluted Earnings Per Share | -$32.07K | -$17.39K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 110.9M shares | 101.8M shares |
| Diluted Shares Outstanding | 110.9M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $24.34M | $6.521M |
| YoY Change | 273.19% | 221.53% |
| Cash & Equivalents | $24.34M | $6.521M |
| Short-Term Investments | ||
| Other Short-Term Assets | $214.2K | $226.3K |
| YoY Change | -5.33% | -40.67% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $24.55M | $6.748M |
| YoY Change | 263.85% | 180.02% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.632M | $2.186M |
| YoY Change | 20.42% | -28.69% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $3.498M | $3.749M |
| YoY Change | -6.7% | -6.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $24.55M | $6.748M |
| Total Long-Term Assets | $3.498M | $3.749M |
| Total Assets | $28.05M | $10.50M |
| YoY Change | 167.22% | 63.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $396.2K | $108.2K |
| YoY Change | 266.02% | -37.45% |
| Accrued Expenses | $251.3K | $197.1K |
| YoY Change | 27.51% | 11.38% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $849.0K | $377.8K |
| YoY Change | 124.72% | -56.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $381.5K | $604.4K |
| YoY Change | -36.88% | -27.09% |
| Total Long-Term Liabilities | $381.5K | $604.4K |
| YoY Change | -36.88% | -27.1% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $849.0K | $377.8K |
| Total Long-Term Liabilities | $381.5K | $604.4K |
| Total Liabilities | $1.230M | $982.2K |
| YoY Change | 25.28% | -42.39% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$72.71M | |
| YoY Change | ||
| Common Stock | $82.22M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $26.82M | $9.515M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $28.05M | $10.50M |
| YoY Change | 167.22% | 63.97% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.556M | -$1.735M |
| YoY Change | 104.94% | -5.04% |
| Depreciation, Depletion And Amortization | $244.2K | $174.0K |
| YoY Change | 40.32% | -2.41% |
| Cash From Operating Activities | -$2.546M | -$1.253M |
| YoY Change | 103.1% | -5.21% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$222.0K | $486.4K |
| YoY Change | -145.64% | 8983.23% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$222.0K | -$493.6K |
| YoY Change | -55.03% | 3555.5% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $4.954M | |
| YoY Change | 266.39% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 3.673M | $4.962M |
| YoY Change | -25.98% | 340.01% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.546M | -$1.253M |
| Cash From Investing Activities | -222.0K | -$493.6K |
| Cash From Financing Activities | 3.673M | $4.962M |
| Net Change In Cash | 904.9K | $3.215M |
| YoY Change | -71.85% | -1644.96% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.546M | -$1.253M |
| Capital Expenditures | -$222.0K | $486.4K |
| Free Cash Flow | -$2.324M | -$1.740M |
| YoY Change | 33.56% | 31.05% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
14009 | USD |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q4 | lwlg |
Deferred Charges
DeferredCharges
|
USD | |
| CY2022Q1 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2021Q1 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2022Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | |
| CY2022Q1 | us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
USD | |
| CY2021Q1 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
USD | |
| CY2021Q1 | lwlg |
Cashless Option Exercise
CashlessOptionExercise
|
USD | |
| CY2022Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
USD | |
| CY2022Q1 | lwlg |
Repayment Of Equipment Purchased
RepaymentOfEquipmentPurchased
|
USD | |
| CY2021Q4 | lwlg |
Investor Expenses
InvestorExpenses
|
USD |
