2023 Q3 Form 10-Q Financial Statement
#000114036123039724 Filed on August 14, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $487.0K | $469.0K |
| YoY Change | 17.83% | -1.32% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $610.3K | |
| YoY Change | 15.16% | |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.470K | |
| YoY Change | -9.52% | |
| % of Gross Profit | ||
| Operating Expenses | $719.0K | $849.0K |
| YoY Change | 19.37% | 2.71% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$232.0K | -$380.0K |
| YoY Change | 22.74% | 8.16% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$232.0K | -$380.0K |
| YoY Change | 22.74% | 8.16% |
| Net Earnings / Revenue | -47.63% | -81.03% |
| Basic Earnings Per Share | -$0.39 | -$0.63 |
| Diluted Earnings Per Share | -$0.39 | -$0.63 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 600.1K | 600.1K |
| Diluted Shares Outstanding | 600.1K | 600.1K |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.520M | |
| YoY Change | -39.21% | |
| Cash & Equivalents | $1.290M | $1.520M |
| Short-Term Investments | ||
| Other Short-Term Assets | $350.0K | |
| YoY Change | 0.0% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $2.382M | |
| YoY Change | -28.55% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.189K | $6.729K |
| YoY Change | -64.21% | -60.95% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $128.6K | |
| YoY Change | -27.8% | |
| Total Long-Term Assets | $135.3K | |
| YoY Change | -30.72% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.382M | |
| Total Long-Term Assets | $135.3K | |
| Total Assets | $1.965M | $2.517M |
| YoY Change | -43.6% | -28.67% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $1.068M | |
| YoY Change | 13.97% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.087M | |
| YoY Change | 10.45% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.087M | |
| Total Long-Term Liabilities | $0.00 | |
| Total Liabilities | $766.2K | $1.087M |
| YoY Change | -42.62% | -8.77% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$52.69M | -$52.46M |
| YoY Change | 1.84% | 1.76% |
| Common Stock | $6.001K | $6.001K |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.199M | $1.431M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.965M | $2.517M |
| YoY Change | -43.6% | -28.67% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$232.0K | -$380.0K |
| YoY Change | 22.74% | 8.16% |
| Depreciation, Depletion And Amortization | $2.470K | |
| YoY Change | -9.52% | |
| Cash From Operating Activities | -$830.9K | |
| YoY Change | 95.83% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| 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 | ||
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -830.9K | |
| Cash From Investing Activities | ||
| Cash From Financing Activities | ||
| Net Change In Cash | -830.9K | |
| YoY Change | 95.83% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$830.9K | |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001162283 | ||
| CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2087054 | |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-276437 | |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1810617 | |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-380003 | |
| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1430614 | |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3036245 | |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-347113 | |
| CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2689132 | |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-351332 | |
| CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2337800 | |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
| CY2023Q2 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
0 | |
| us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
0 | ||
| CY2022Q2 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
0 | |
| us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
0 | ||
| CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
| CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
| CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-380003 | |
| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-380003 | |
| CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-351332 | |
| CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-351332 | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-656440 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-656440 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-698445 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-698445 | ||
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
600090 | |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
600090 | |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
600090 | |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
600090 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
600090 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
600090 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
600090 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
600090 | ||
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.63 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.63 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.59 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.59 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.09 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.09 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.16 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.16 | ||
| CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 |
