2024 Q2 Form 10-Q Financial Statement

#000147793224003007 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $806.0K $804.9K $398.5K
YoY Change -38.91% -29.21% -61.75%
Cost Of Revenue $261.3K $316.8K $298.8K
YoY Change -51.01% -25.49% -28.95%
Gross Profit $544.8K $488.1K $99.64K
YoY Change -30.7% -31.43% -83.96%
Gross Profit Margin 67.59% 60.64% 25.01%
Selling, General & Admin $470.9K $431.2K $659.9K
YoY Change -18.8% -22.09% 14.34%
% of Gross Profit 86.45% 88.34% 662.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.158K $3.497K $3.610K
YoY Change -9.87% -39.53%
% of Gross Profit 0.58% 0.72% 3.62%
Operating Expenses $470.9K $431.2K $659.9K
YoY Change -18.8% -22.09% 14.34%
Operating Profit $73.84K $56.90K -$560.2K
YoY Change -64.18% -64.06% -1368.53%
Interest Expense $6.890K $9.180K $17.15K
YoY Change -31.1% 128.93% 1250.39%
% of Operating Profit 9.33% 16.13%
Other Income/Expense, Net $6.890K $9.176K
YoY Change 5.05% 149.08%
Pretax Income $80.73K $66.07K -$543.1K
YoY Change -62.04% -59.21% -1575.0%
Income Tax $22.19K $18.42K -$39.80K
% Of Pretax Income 27.48% 27.88%
Net Earnings $58.54K $47.65K -$503.3K
YoY Change -62.29% -59.66% 3584.87%
Net Earnings / Revenue 7.26% 5.92% -126.31%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 34.51M shares 34.51M shares
Diluted Shares Outstanding 34.51M shares 34.51M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $694.3K $761.1K $1.137M
YoY Change -41.66% -45.17% -33.62%
Cash & Equivalents $694.3K $761.1K $1.137M
Short-Term Investments
Other Short-Term Assets $40.72K $56.50K $29.20K
YoY Change -49.1% -27.08% -62.31%
Inventory
Prepaid Expenses
Receivables $219.3K $212.9K $1.934M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.154M $3.013M $3.100M
YoY Change -12.27% -16.45% -8.59%
LONG-TERM ASSETS
Property, Plant & Equipment $31.24K $34.40K $37.90K
YoY Change -18.83% -11.45% -7.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $31.24K $34.40K $37.89K
YoY Change -18.83% -11.45% -7.23%
TOTAL ASSETS
Total Short-Term Assets $3.154M $3.013M $3.100M
Total Long-Term Assets $31.24K $34.40K $37.89K
Total Assets $3.185M $3.048M $3.138M
YoY Change -12.34% -16.39% -8.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.0K $65.03K $213.1K
YoY Change 60.01% -55.32% 156.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $235.4K $177.6K $334.3K
YoY Change -38.32% -64.87% -26.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $235.4K $177.6K $334.3K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $498.5K $419.7K $558.0K
YoY Change -26.62% -50.42% -25.8%
SHAREHOLDERS EQUITY
Retained Earnings $2.589M $2.531M $2.483M
YoY Change -9.36% -6.32% -3.88%
Common Stock $34.51K $34.51K $34.51K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.687M $2.628M $2.580M
YoY Change
Total Liabilities & Shareholders Equity $3.185M $3.048M $3.138M
YoY Change -12.34% -16.39% -8.58%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $58.54K $47.65K -$503.3K
YoY Change -62.29% -59.66% 3584.87%
Depreciation, Depletion And Amortization $3.158K $3.497K $3.610K
YoY Change -9.87% -39.53%
Cash From Operating Activities -$66.79K -$375.9K -$253.2K
YoY Change -66.61% 16.57% 1236.43%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $4.830K
YoY Change -100.0% 41.23%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 -$4.830K
YoY Change -100.0% 41.23%
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 -66.79K -$375.9K -253.2K
Cash From Investing Activities 0.000 $0.00 -4.830K
Cash From Financing Activities
Net Change In Cash -66.79K -$375.9K -258.1K
YoY Change -66.61% 15.78% 1053.69%
FREE CASH FLOW
Cash From Operating Activities -$66.79K -$375.9K -$253.2K
Capital Expenditures $0.00 $0.00 $4.830K
Free Cash Flow -$66.79K -$375.9K -$258.1K
YoY Change -66.61% 15.35% 1053.69%

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