2024 Q2 Form 10-Q Financial Statement
#000147793224003007 Filed on May 15, 2024
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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MASTERMIND, INC. | |
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-11857 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-375946 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-322509 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
1200 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3408 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2208 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-375946 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-324717 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1137010 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1712771 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
761064 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1388054 | usd |
CY2024Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
28 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2024Q1 | us-gaap |
Deposit Liability Uninsured
DepositLiabilityUninsured
|
250000 | usd |
CY2024Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
405000 | usd |
CY2024Q1 | mmnd |
Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
|
27000 | usd |
CY2023Q1 | mmnd |
Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
|
15000 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
125000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
34505520 | shares |