2022 Q1 Form 10-Q Financial Statement
#000149315222013582 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $73.95K | |
| YoY Change | ||
| Cost Of Revenue | $30.84K | |
| YoY Change | ||
| Gross Profit | $43.11K | |
| YoY Change | ||
| Gross Profit Margin | 58.3% | |
| Selling, General & Admin | $2.567M | $2.255M |
| YoY Change | 13.82% | |
| % of Gross Profit | 5230.76% | |
| Research & Development | $1.218M | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $210.4K | $416.6K |
| YoY Change | -49.5% | |
| % of Gross Profit | 966.34% | |
| Operating Expenses | $3.995M | $2.255M |
| YoY Change | 77.18% | |
| Operating Profit | -$3.995M | -$2.212M |
| YoY Change | 80.63% | |
| Interest Expense | -$299.5K | $0.00 |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | -$1.830M | |
| YoY Change | ||
| Pretax Income | -$6.125M | -$2.212M |
| YoY Change | 176.91% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$6.125M | -$2.212M |
| YoY Change | 176.91% | |
| Net Earnings / Revenue | -2991.03% | |
| Basic Earnings Per Share | -$0.15 | |
| Diluted Earnings Per Share | -$150.8K | -$61.56K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 40.63M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.173M | $835.0K |
| YoY Change | 280.01% | 1391500.0% |
| Cash & Equivalents | $3.173M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $469.9K | $63.10K |
| YoY Change | 644.71% | |
| Inventory | $15.54K | $44.64K |
| Prepaid Expenses | ||
| Receivables | $8.650K | $35.78K |
| Other Receivables | $20.81K | $0.00 |
| Total Short-Term Assets | $3.688M | $978.5K |
| YoY Change | 276.9% | 1630700.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.111M | $1.262M |
| YoY Change | -11.98% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $369.1K | $371.0K |
| YoY Change | -0.51% | |
| Total Long-Term Assets | $61.33M | $43.56M |
| YoY Change | 40.79% | 52.24% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.688M | $978.5K |
| Total Long-Term Assets | $61.33M | $43.56M |
| Total Assets | $65.01M | $44.54M |
| YoY Change | 45.97% | 55.66% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $822.6K | $445.1K |
| YoY Change | 84.82% | 12.53% |
| Accrued Expenses | $277.1K | $304.1K |
| YoY Change | -8.87% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $284.9K | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.656M | $749.2K |
| YoY Change | 121.04% | 89.43% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $318.1K | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $17.79M | $978.2K |
| YoY Change | 1718.28% | |
| Total Long-Term Liabilities | $18.10M | $978.2K |
| YoY Change | 1750.79% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.656M | $749.2K |
| Total Long-Term Liabilities | $18.10M | $978.2K |
| Total Liabilities | $19.76M | $1.727M |
| YoY Change | 1043.93% | 336.75% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $45.25M | $43.41M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $65.01M | $44.54M |
| YoY Change | 45.97% | 55.66% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$6.125M | -$2.212M |
| YoY Change | 176.91% | |
| Depreciation, Depletion And Amortization | $210.4K | $416.6K |
| YoY Change | -49.5% | |
| Cash From Operating Activities | -$4.314M | -$2.065M |
| YoY Change | 108.89% | 6883333.33% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | -$2.780K |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$2.780K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 3.414M | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -4.314M | -2.065M |
| Cash From Investing Activities | -2.780K | |
| Cash From Financing Activities | 3.414M | |
| Net Change In Cash | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.314M | -$2.065M |
| Capital Expenditures | $0.00 | -$2.780K |
| Free Cash Flow | -$4.314M | -$2.062M |
| YoY Change | 109.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Long Term Notes Payable
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|
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| CY2022Q1 | us-gaap |
Commitments And Contingencies
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|
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| CY2022Q1 | us-gaap |
Preferred Stock Value
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|
USD | |
| CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2021Q1 | MRZM |
Professional Fees Related Parties
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|
USD | |
| CY2021Q1 | MRZM |
Interest And Accretion Expenses Other
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|
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| CY2021Q1 | MRZM |
Gain Loss On Fair Value Of Contingent Liabilities
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|
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| CY2021Q1 | us-gaap |
Nonoperating Income Expense
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Stockbased Compensation Restricted Common Stock
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Interest And Accretion On Convertible Notes And Notes Payable
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Issuance Of Stock And Warrants For Services Or Claims
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Gain Loss On Fair Value Of Contingent Liabilities
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Increase Decrease In Due To Related Parties
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Payments To Acquire Intangible Assets
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|
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Net Cash Provided By Used In Investing Activities
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|
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Proceeds From Notes Payable
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|
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Proceeds From Warrant Exercises
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|
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| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
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|
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| CY2022Q1 | us-gaap |
Interest Paid Net
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|
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| CY2021Q1 | us-gaap |
Interest Paid Net
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|
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| CY2022Q1 | us-gaap |
Income Taxes Paid Net
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|
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| CY2021Q1 | us-gaap |
Income Taxes Paid Net
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|
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| CY2021Q1 | MRZM |
Derivative Liabilities And Debt Discount Issued In Connection With Convertible Notes
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|
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| CY2021Q1 | MRZM |
Warrants And Debt Discount Issued In Connection With Convertible Notes
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| CY2021Q1 | MRZM |
Settlement Of Notes Payable With Convertible Notes
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|
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| CY2020Q4 | us-gaap |
Goodwill
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|
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| CY2021 | us-gaap |
Goodwill Impairment Loss
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|
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| CY2021 | MRZM |
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Forfeitures In Period
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shares | |
| CY2021 | MRZM |
Share Based Compensation Arrangements By Share Based Payment Award Options Granted Forfeitures In Period Weighted Average Exercise Price
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