2023 Q4 Form 20-F Financial Statement

#000121390024043897 Filed on May 16, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $2.154M $2.154M $1.070M
YoY Change 101.26% -36.66% -262.12%
Cost Of Revenue $556.6K $556.6K $410.0K
YoY Change 35.75% -28.64% -264.0%
Gross Profit $1.597M $1.597M $660.0K
YoY Change 141.96% -39.05% -260.98%
Gross Profit Margin 74.15% 74.15% 61.68%
Selling, General & Admin $2.474M $2.474M $1.220M
YoY Change 102.75% -20.19% -72.15%
% of Gross Profit 154.9% 154.92% 184.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Operating Expenses $2.474M $2.474M $1.230M
YoY Change 101.11% -20.21% -71.72%
Operating Profit -$876.7K -$876.7K -$570.0K
YoY Change 53.8% 82.64% -88.03%
Interest Expense $1.003M $1.003M
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.737M -$733.4K $0.00
YoY Change -100.0%
Pretax Income -$1.610M -$1.610M -$3.590M
YoY Change -55.15% -83.54% -28.2%
Income Tax $94.95K $94.95K $20.00K
% Of Pretax Income
Net Earnings $5.204M $5.204M -$3.250M
YoY Change -260.11% -150.28% -83.97%
Net Earnings / Revenue 241.63% 241.63% -303.74%
Basic Earnings Per Share
Diluted Earnings Per Share $7.95 $7.95 -$0.10
COMMON SHARES
Basic Shares Outstanding 1.400M shares 654.4K shares
Diluted Shares Outstanding 1.243M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.75M $61.75M $64.79M
YoY Change -4.69% -4.69% 4219.33%
Cash & Equivalents $61.75M $61.75M $64.79M
Short-Term Investments
Other Short-Term Assets $6.829M $11.14M $2.810M
YoY Change 143.03% 296.48% 410.91%
Inventory
Prepaid Expenses
Receivables $0.00 $90.00K
Other Receivables $800.0K $800.0K $0.00
Total Short-Term Assets $73.69M $73.69M $67.69M
YoY Change 8.87% 8.87% 3019.35%
LONG-TERM ASSETS
Property, Plant & Equipment $20.00K
YoY Change -77.78%
Goodwill
YoY Change
Intangibles $0.00 $0.00
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $40.00K
YoY Change -60.0%
Total Long-Term Assets $0.00 $60.00K
YoY Change -100.0% -99.37%
TOTAL ASSETS
Total Short-Term Assets $73.69M $73.69M $67.69M
Total Long-Term Assets $0.00 $60.00K
Total Assets $73.69M $73.69M $67.75M
YoY Change 8.77% 8.77% 481.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.031M $1.031M $860.0K
YoY Change 19.88% 19.88% 104.76%
Deferred Revenue $4.307M $2.706M
YoY Change 59.16%
Short-Term Debt $0.00 $1.550M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.89M $12.89M $15.34M
YoY Change -15.98% -15.98% 72.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $12.89M $12.89M $15.34M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $12.89M $12.89M $15.34M
YoY Change -15.98% -15.98% 72.75%
SHAREHOLDERS EQUITY
Retained Earnings -$34.96M -$39.80M
YoY Change -12.15%
Common Stock $95.77M $92.56M
YoY Change 3.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $60.80M $60.80M $52.41M
YoY Change
Total Liabilities & Shareholders Equity $73.69M $73.69M $67.75M
YoY Change 8.77% 8.77% 481.55%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $5.204M $5.204M -$3.250M
YoY Change -260.11% -150.28% -83.97%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities $609.0K -$317.0K -$950.0K
YoY Change -164.11% -107.77% -98.41%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $266.0K $327.0K $40.00K
YoY Change 565.0% 151.54% -110.26%
Cash From Investing Activities $266.0K $327.0K $40.00K
YoY Change 565.0% 151.57% -110.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.050M -$1.550M 1.250M
YoY Change -264.0% -102.52%
NET CHANGE
Cash From Operating Activities 609.0K -$317.0K -950.0K
Cash From Investing Activities 266.0K $327.0K 40.00K
Cash From Financing Activities -2.050M -$1.550M 1.250M
Net Change In Cash -1.175M -$1.540M 340.0K
YoY Change -445.59% -102.34% -100.57%
FREE CASH FLOW
Cash From Operating Activities $609.0K -$317.0K -$950.0K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q4 mi Fair Value Per Share Loss On Change Of Fair Value Of Warrant Liabilitiesin Dollars
FairValuePerShareLossOnChangeOfFairValueOfWarrantLiabilitiesinDollars
CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
CY2023 mi Stock Options And Restricted Shares
StockOptionsAndRestrictedShares
shares
CY2022 mi Stock Options And Restricted Shares
StockOptionsAndRestrictedShares
shares
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
00000
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001958713

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mi-20231231_cal.xml Edgar Link unprocessable
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ea0201620-20f_nftltd_htm.xml Edgar Link completed
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mi-20231231_lab.xml Edgar Link unprocessable