$MLRT
Metalert, Inc.

2018 Q4 Form 10-Q Financial Statement

#000149315218016528 Filed on November 19, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $93.22K $195.5K $174.5K
YoY Change 16.53% 12.01% -27.65%
Cost Of Revenue $51.59K $30.42K $58.74K
YoY Change 415.9% -48.21% -17.54%
Gross Profit $41.63K $149.6K $107.5K
YoY Change -40.53% 39.09% -31.9%
Gross Profit Margin 44.66% 76.51% 61.61%
Selling, General & Admin $412.7K $94.35K $51.69K
YoY Change 28.96% 82.52% -83.85%
% of Gross Profit 991.28% 63.07% 48.07%
Research & Development $0.00 $2.795K
YoY Change -100.0%
% of Gross Profit 0.0% 1.87%
Depreciation & Amortization $17.51K $15.85K $20.00K
YoY Change 75.1% -20.75% 0.0%
% of Gross Profit 42.06% 10.6% 18.6%
Operating Expenses $433.2K $376.8K $304.3K
YoY Change 17.07% 23.81% -5.82%
Operating Profit -$391.5K -$227.2K -$196.8K
YoY Change 30.51% 15.46% 19.12%
Interest Expense -$162.4K $38.17K $23.51K
YoY Change -208.23% 62.37% 103.57%
% of Operating Profit
Other Income/Expense, Net $0.00 -$26.60K -$207.4K
YoY Change -100.0% -87.18% 1921.11%
Pretax Income -$505.0K -$253.8K -$400.0K
YoY Change 40.29% -36.55% 122.22%
Income Tax
% Of Pretax Income
Net Earnings -$505.0K -$253.8K -$404.2K
YoY Change 40.29% -37.2% 130.35%
Net Earnings / Revenue -541.76% -129.82% -231.56%
Basic Earnings Per Share
Diluted Earnings Per Share -$10.01K -$18.57K -$47.39K
COMMON SHARES
Basic Shares Outstanding 17.74M shares 13.08M shares 624.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.20K $15.31K $0.00
YoY Change -100.0%
Cash & Equivalents $69.86K $15.31K $2.539K
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $3.479K $14.70K $88.14K
YoY Change -94.22% -83.33% -26.55%
Inventory $22.57K $49.21K $49.00K
Prepaid Expenses
Receivables $97.57K $182.1K $140.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $193.8K $261.3K $276.6K
YoY Change -8.82% -5.54% -16.87%
LONG-TERM ASSETS
Property, Plant & Equipment $58.39K $91.40K $109.9K
YoY Change -49.77% -16.85% -17.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0%
Other Assets
YoY Change
Total Long-Term Assets $74.65K $110.3K $132.1K
YoY Change -45.51% -16.51% -38.68%
TOTAL ASSETS
Total Short-Term Assets $193.8K $261.3K $276.6K
Total Long-Term Assets $74.65K $110.3K $132.1K
Total Assets $268.5K $371.6K $408.7K
YoY Change -23.2% -9.09% -25.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $246.6K $372.0K $320.0K
YoY Change -17.2% 16.26%
Accrued Expenses $438.6K $499.3K $258.1K
YoY Change 79.97% 93.46% -13.97%
Deferred Revenue $26.00K
YoY Change
Short-Term Debt $200.0K $200.0K $1.461M
YoY Change 0.0% -86.31% 5.8%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.718M $3.336M $2.350M
YoY Change 96.93% 42.0% 68.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.718M $3.336M $2.350M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.718M $3.336M $2.350M
YoY Change 45.35% 42.0% 25.7%
SHAREHOLDERS EQUITY
Retained Earnings -$22.82M -$22.32M -$20.65M
YoY Change 8.65% 8.1% 6.79%
Common Stock $6.336K $1.510K $683.4K
YoY Change 574.76% -99.78% 50.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.450M -$2.965M -$1.941M
YoY Change
Total Liabilities & Shareholders Equity $268.5K $371.6K $408.7K
YoY Change -23.2% -9.09% -25.44%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$505.0K -$253.8K -$404.2K
YoY Change 40.29% -37.2% 130.35%
Depreciation, Depletion And Amortization $17.51K $15.85K $20.00K
YoY Change 75.1% -20.75% 0.0%
Cash From Operating Activities -$34.71K -$91.64K -$120.0K
YoY Change -73.3% -23.63% -33.33%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $10.00K -$10.00K
YoY Change -100.0% -200.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $10.00K -$10.00K
YoY Change -100.0% -200.0% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 72.00K 57.00K 110.0K
YoY Change -44.62% -48.18% -26.67%
NET CHANGE
Cash From Operating Activities -34.71K -91.64K -120.0K
Cash From Investing Activities 0.000 10.00K -10.00K
Cash From Financing Activities 72.00K 57.00K 110.0K
Net Change In Cash 37.29K -24.64K -20.00K
YoY Change 272.9% 23.2% -50.0%
FREE CASH FLOW
Cash From Operating Activities -$34.71K -$91.64K -$120.0K
Capital Expenditures $0.00 $10.00K -$10.00K
Free Cash Flow -$34.71K -$101.6K -$110.0K
YoY Change -75.21% -7.6% -35.29%

Facts In Submission

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93130 usd
CY2018Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
182049 usd
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
11503097 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7908053 shares
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13669504 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8436181 shares
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-625517 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-198589 usd
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-26596 usd
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-207386 usd
us-gaap Interest Expense
InterestExpense
123683 usd
us-gaap Interest Expense
InterestExpense
88387 usd
CY2018Q3 us-gaap Interest Expense
InterestExpense
38174 usd
CY2017Q3 us-gaap Interest Expense
InterestExpense
23510 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
188389 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
172368 usd
CY2018Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
196953 usd
CY2017Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-27000 usd
GTXO Non Cash Financing Cost On Related Party Notes
NonCashFinancingCostOnRelatedPartyNotes
-214499 usd
GTXO Non Cash Financing Cost On Related Party Notes
NonCashFinancingCostOnRelatedPartyNotes
usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-627633 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-734464 usd
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-227222 usd
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-196795 usd
us-gaap Operating Expenses
OperatingExpenses
1060049 usd
us-gaap Operating Expenses
OperatingExpenses
993880 usd
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
376806 usd
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
304340 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
223565 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
219760 usd
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
79545 usd
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44077 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4691 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2795 usd
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
us-gaap Professional Fees
ProfessionalFees
236835 usd
us-gaap Professional Fees
ProfessionalFees
252320 usd
CY2018Q3 us-gaap Professional Fees
ProfessionalFees
108411 usd
CY2017Q3 us-gaap Professional Fees
ProfessionalFees
73480 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
35435 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
38973 usd
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
12008 usd
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7616 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
559523 usd
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
482827 usd
CY2018Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
174047 usd
CY2017Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
179167 usd
us-gaap Gross Profit
GrossProfit
432416 usd
us-gaap Gross Profit
GrossProfit
259416 usd
CY2018Q3 us-gaap Gross Profit
GrossProfit
149584 usd
CY2017Q3 us-gaap Gross Profit
GrossProfit
107546 usd
GTXO Total Cost Of Goods Sold
TotalCostOfGoodsSold
161408 usd
GTXO Total Cost Of Goods Sold
TotalCostOfGoodsSold
195484 usd
CY2018Q3 GTXO Total Cost Of Goods Sold
TotalCostOfGoodsSold
45930 usd
CY2017Q3 GTXO Total Cost Of Goods Sold
TotalCostOfGoodsSold
67003 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
37380 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
50828 usd
CY2018Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
15510 usd
CY2017Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
8264 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
124028 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
144656 usd
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
30420 usd
CY2017Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
58739 usd
GTXO Debt Discount On Convertible Notes Payable
DebtDiscountOnConvertibleNotesPayable
216250 usd
GTXO Debt Discount On Convertible Notes Payable
DebtDiscountOnConvertibleNotesPayable
usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
247147 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
usd
CY2018Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
usd
CY2017Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
usd
GTXO Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
usd
GTXO Increase Decrease In Interest On Notes
IncreaseDecreaseInInterestOnNotes
207075 usd
GTXO Increase Decrease In Interest On Notes
IncreaseDecreaseInInterestOnNotes
-20826 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
2333 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
GTXO Increase In Net Loss
IncreaseInNetLoss
2333 usd
GTXO Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriod
-165333 shares
CY2018Q3 GTXO Fair Value Of Additional Derivative Liability
FairValueOfAdditionalDerivativeLiability
49206 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
53697 usd
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
27200 usd
CY2018Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
51851 usd
CY2017Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1275 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
47250 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1766325 shares

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