$MINM
MINIM, INC.

2021 Q3 Form 10-Q Financial Statement

#000149315221026929 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q3
Revenue $15.04M
YoY Change 25.02%
Cost Of Revenue $10.54M
YoY Change 29.35%
Gross Profit $4.493M
YoY Change 15.91%
Gross Profit Margin 29.88%
Selling, General & Admin $4.871M
YoY Change 39.95%
% of Gross Profit 108.41%
Research & Development $1.789M
YoY Change 145.61%
% of Gross Profit 39.81%
Depreciation & Amortization $381.9K
YoY Change 780.04%
% of Gross Profit 8.5%
Operating Expenses $6.660M
YoY Change 58.24%
Operating Profit -$2.166M
YoY Change 552.13%
Interest Expense -$81.24K
YoY Change 1477.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.708M
YoY Change -604.59%
Income Tax $8.130K
% Of Pretax Income 0.48%
Net Earnings $1.700M
YoY Change -597.89%
Net Earnings / Revenue 11.31%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $39.13K
COMMON SHARES
Basic Shares Outstanding 42.30M shares
Diluted Shares Outstanding 43.44M shares

Balance Sheet

Concept 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.86M
YoY Change 369.99%
Cash & Equivalents $18.86M
Short-Term Investments
Other Short-Term Assets $951.7K
YoY Change 2.46%
Inventory $23.24M
Prepaid Expenses
Receivables $11.58M
Other Receivables $0.00
Total Short-Term Assets $54.64M
YoY Change 157.56%
LONG-TERM ASSETS
Property, Plant & Equipment $894.3K
YoY Change 57.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $644.3K
YoY Change -29.58%
Total Long-Term Assets $1.902M
YoY Change 28.28%
TOTAL ASSETS
Total Short-Term Assets $54.64M
Total Long-Term Assets $1.902M
Total Assets $56.54M
YoY Change 149.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.04M
YoY Change 5.03%
Accrued Expenses $5.187M
YoY Change 26.88%
Deferred Revenue
YoY Change
Short-Term Debt $7.025M
YoY Change 1879.13%
Long-Term Debt Due $60.47K
YoY Change
Total Short-Term Liabilities $23.74M
YoY Change 58.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $747.4K
YoY Change 2051.32%
Total Long-Term Liabilities $747.4K
YoY Change 184.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.74M
Total Long-Term Liabilities $747.4K
Total Liabilities $24.49M
YoY Change 60.92%
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 $32.05M
YoY Change
Total Liabilities & Shareholders Equity $56.54M
YoY Change 149.11%

Cashflow Statement

Concept 2021 Q3
OPERATING ACTIVITIES
Net Income $1.700M
YoY Change -597.89%
Depreciation, Depletion And Amortization $381.9K
YoY Change 780.04%
Cash From Operating Activities -$4.807M
YoY Change 50.88%
INVESTING ACTIVITIES
Capital Expenditures -$248.1K
YoY Change 35.85%
Acquisitions
YoY Change
Other Investing Activities -$88.71K
YoY Change -70.47%
Cash From Investing Activities -$336.8K
YoY Change -30.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.95M
YoY Change 17437.32%
NET CHANGE
Cash From Operating Activities -4.807M
Cash From Investing Activities -336.8K
Cash From Financing Activities 22.95M
Net Change In Cash 17.80M
YoY Change -603.09%
FREE CASH FLOW
Cash From Operating Activities -$4.807M
Capital Expenditures -$248.1K
Free Cash Flow -$4.559M
YoY Change 51.79%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
USD
CY2021Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
USD
CY2020Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
USD
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
USD
CY2020Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
USD
CY2020Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
USD
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Other Noncash Expense
OtherNoncashExpense
USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
USD

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