2021 Q3 Form 10-Q Financial Statement
#000121390021058411 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| Revenue | $141.0K | $40.00K |
| YoY Change | 370.0% | -60.0% |
| Cost Of Revenue | $65.00K | $420.0K |
| YoY Change | 116.67% | 500.0% |
| Gross Profit | $76.00K | -$390.0K |
| YoY Change | -1400.0% | |
| Gross Profit Margin | 53.9% | -975.0% |
| Selling, General & Admin | $3.040M | $2.710M |
| YoY Change | 14.29% | -27.35% |
| % of Gross Profit | 4000.0% | |
| Research & Development | $1.187M | $1.200M |
| YoY Change | 2.33% | -48.05% |
| % of Gross Profit | 1561.84% | |
| Depreciation & Amortization | $118.0K | $100.0K |
| YoY Change | 47.5% | 66.67% |
| % of Gross Profit | 155.26% | |
| Operating Expenses | $4.227M | $3.910M |
| YoY Change | 10.37% | -35.26% |
| Operating Profit | -$4.151M | -$4.300M |
| YoY Change | 8.38% | -28.45% |
| Interest Expense | -$255.0K | -$110.0K |
| YoY Change | 112.5% | -257.14% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $5.000K | |
| YoY Change | ||
| Pretax Income | -$4.824M | -$4.400M |
| YoY Change | 22.44% | -25.93% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$4.824M | -$4.400M |
| YoY Change | 22.44% | -25.93% |
| Net Earnings / Revenue | -3421.28% | -11000.0% |
| Basic Earnings Per Share | -$2.00 | |
| Diluted Earnings Per Share | -$2.000M | -$109.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $23.65M | $20.82M |
| YoY Change | -0.16% | -27.53% |
| Cash & Equivalents | $23.65M | $20.82M |
| Short-Term Investments | $0.00 | |
| Other Short-Term Assets | $530.0K | $450.0K |
| YoY Change | -40.45% | 32.35% |
| Inventory | $515.0K | $805.0K |
| Prepaid Expenses | ||
| Receivables | $181.0K | $35.00K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $24.88M | $22.11M |
| YoY Change | -3.98% | -26.72% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.187M | $1.178M |
| YoY Change | 20.83% | 11.55% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $13.00K | $13.00K |
| YoY Change | 30.0% | 0.0% |
| Total Long-Term Assets | $2.200M | $1.957M |
| YoY Change | 20.22% | -6.36% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $24.88M | $22.11M |
| Total Long-Term Assets | $2.200M | $1.957M |
| Total Assets | $27.08M | $24.06M |
| YoY Change | -2.39% | -25.4% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.337M | $2.330M |
| YoY Change | 23.65% | -22.33% |
| Accrued Expenses | $300.0K | $240.0K |
| YoY Change | 25.0% | -25.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $7.979M | |
| YoY Change | 2.95% | |
| Total Short-Term Liabilities | $2.646M | $10.61M |
| YoY Change | -74.85% | -6.47% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $8.426M | |
| YoY Change | ||
| Other Long-Term Liabilities | $2.226M | $2.160M |
| YoY Change | 0.27% | -16.6% |
| Total Long-Term Liabilities | $10.65M | $0.00 |
| YoY Change | 379.82% | -100.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.646M | $10.61M |
| Total Long-Term Liabilities | $10.65M | $0.00 |
| Total Liabilities | $13.30M | $12.77M |
| YoY Change | 4.38% | -8.29% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$103.7M | |
| YoY Change | 22.8% | |
| Common Stock | $115.0M | |
| YoY Change | 11.89% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $13.78M | $11.29M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $27.08M | $24.06M |
| YoY Change | -2.39% | -25.4% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.824M | -$4.400M |
| YoY Change | 22.44% | -25.93% |
| Depreciation, Depletion And Amortization | $118.0K | $100.0K |
| YoY Change | 47.5% | 66.67% |
| Cash From Operating Activities | -$2.910M | -$2.980M |
| YoY Change | 9.4% | -46.01% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$156.0K | $150.0K |
| YoY Change | 1460.0% | -236.36% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$156.0K | $150.0K |
| YoY Change | 1460.0% | -93.62% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 339.0K | -30.00K |
| YoY Change | -96.33% | -100.38% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.910M | -2.980M |
| Cash From Investing Activities | -156.0K | 150.0K |
| Cash From Financing Activities | 339.0K | -30.00K |
| Net Change In Cash | -2.727M | -2.860M |
| YoY Change | -141.57% | -159.34% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.910M | -$2.980M |
| Capital Expenditures | -$156.0K | $150.0K |
| Free Cash Flow | -$2.754M | -$3.130M |
| YoY Change | 3.92% | -42.14% |
Facts In Submission
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|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Commitments And Contingencies
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|
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Retained Earnings Accumulated Deficit
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|
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Stockholders Equity
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|
11290000 | USD |
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24064000 | USD |
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Entity Central Index Key
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Cash
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