2020 Q1 Form 10-K Financial Statement

#000149315220005236 Filed on March 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q4
Revenue $96.72K $1.501M $93.22K
YoY Change -6.02% 118.45% 16.53%
Cost Of Revenue $34.64K $193.5K $51.59K
YoY Change -13.21% -9.16% 415.9%
Gross Profit $62.08K $1.307M $41.63K
YoY Change -1.46% 175.78% -40.53%
Gross Profit Margin 64.19% 87.11% 44.66%
Selling, General & Admin $75.45K $246.8K $412.7K
YoY Change -6.85% -43.12% 28.96%
% of Gross Profit 121.53% 18.88% 991.28%
Research & Development $3.879K $0.00
YoY Change -84.58% -100.0%
% of Gross Profit 0.3% 0.0%
Depreciation & Amortization $4.076K $39.98K $17.51K
YoY Change -77.7% -44.54% 75.1%
% of Gross Profit 6.57% 3.06% 42.06%
Operating Expenses $282.3K $1.120M $433.2K
YoY Change -41.26% -24.99% 17.07%
Operating Profit -$220.2K $187.3K -$391.5K
YoY Change -47.26% -118.38% 30.51%
Interest Expense $189.6K -$781.1K -$162.4K
YoY Change -259.47% 126.55% -208.23%
% of Operating Profit -416.99%
Other Income/Expense, Net $227.1K -$773.6K $0.00
YoY Change -263.47% 4.68% -100.0%
Pretax Income $6.910K -$586.3K -$505.0K
YoY Change -101.24% -66.65% 40.29%
Income Tax
% Of Pretax Income
Net Earnings $6.908K -$586.3K -$505.0K
YoY Change -101.24% -66.65% 40.29%
Net Earnings / Revenue 7.14% -39.07% -541.76%
Basic Earnings Per Share
Diluted Earnings Per Share $74.56 -$8.440K -$10.01K
COMMON SHARES
Basic Shares Outstanding 80.13M shares 17.74M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.3K $184.4K $70.20K
YoY Change 244.21% 162.71%
Cash & Equivalents $97.41K $125.2K $69.86K
Short-Term Investments $4.900K $59.22K $0.00
Other Short-Term Assets $13.78K $10.38K $3.479K
YoY Change 357.47% 198.28% -94.22%
Inventory $31.27K $36.19K $22.57K
Prepaid Expenses
Receivables $25.98K $47.82K $97.57K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $173.3K $278.8K $193.8K
YoY Change 5.49% 43.86% -8.82%
LONG-TERM ASSETS
Property, Plant & Equipment $14.33K $18.40K $58.39K
YoY Change -64.28% -68.49% -49.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $29.33K $33.40K $74.65K
YoY Change -48.46% -55.26% -45.51%
TOTAL ASSETS
Total Short-Term Assets $173.3K $278.8K $193.8K
Total Long-Term Assets $29.33K $33.40K $74.65K
Total Assets $202.7K $312.2K $268.5K
YoY Change -8.39% 16.3% -23.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.3K $203.1K $246.6K
YoY Change -28.87% -17.61% -17.2%
Accrued Expenses $421.0K $1.121M $438.6K
YoY Change 4.56% 45.47% 79.97%
Deferred Revenue $56.85K $26.00K
YoY Change 255.31%
Short-Term Debt $185.0K $2.292M $200.0K
YoY Change -92.55% -6.18% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.690M $3.910M $3.718M
YoY Change -6.48% 5.16% 96.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.690M $3.910M $3.718M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.690M $3.910M $3.718M
YoY Change -6.48% 5.16% 45.35%
SHAREHOLDERS EQUITY
Retained Earnings -$23.60M -$22.82M
YoY Change 0.95% 8.65%
Common Stock $8.010K $6.336K
YoY Change -1.06% 574.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.487M -$3.598M -$3.450M
YoY Change
Total Liabilities & Shareholders Equity $202.7K $312.2K $268.5K
YoY Change -8.39% 16.3% -23.2%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $6.908K -$586.3K -$505.0K
YoY Change -101.24% -66.65% 40.29%
Depreciation, Depletion And Amortization $4.076K $39.98K $17.51K
YoY Change -77.7% -44.54% 75.1%
Cash From Operating Activities -$165.7K -$140.9K -$34.71K
YoY Change 61.41% -66.15% -73.3%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $146.2K $42.78K $0.00
YoY Change
Cash From Investing Activities $146.2K $42.78K $0.00
YoY Change -400.2% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.325K $153.5K 72.00K
YoY Change -113.32% -69.24% -44.62%
NET CHANGE
Cash From Operating Activities -$165.7K -$140.9K -34.71K
Cash From Investing Activities $146.2K $42.78K 0.000
Cash From Financing Activities -$8.325K $153.5K 72.00K
Net Change In Cash -$27.79K $55.34K 37.29K
YoY Change -30.76% -19.09% 272.9%
FREE CASH FLOW
Cash From Operating Activities -$165.7K -$140.9K -$34.71K
Capital Expenditures $0.00
Free Cash Flow -$140.9K -$34.71K
YoY Change -67.27% -75.21%

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CY2019 GTXO Investment Owned Description
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CY2019 GTXO Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate Description
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CY2019 GTXO Issuance Of Preferred Stock
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CY2019 us-gaap Redeemable Preferred Stock Dividends
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CY2019 GTXO Interest Added To Convertible Note Balance
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CY2019 GTXO Gain On Receipt Of Marketable Securities From Sale Of License Agreement
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CY2019 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2019 us-gaap Proceeds From Notes Payable
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65000 usd
CY2018 GTXO Number Of Shares Warrant Issued
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2419962 shares
CY2018 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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181250 usd
CY2019 GTXO Adjustments To Additional Paid In Capital Warrant Issued Fair Value
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54791 usd
CY2018 GTXO Adjustments To Additional Paid In Capital Warrant Issued Fair Value
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14500 usd
CY2019 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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54791 usd
CY2018 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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60089191 shares
CY2019 GTXO Warrants Outstanding And Exercisable
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43000 usd
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
132000 usd

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