2022 Q3 Form 10-Q Financial Statement

#000149315222023008 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $76.01K $61.81K
YoY Change 104.22% -61.56%
Cost Of Revenue $15.50K $11.03K
YoY Change -15.58% -92.65%
Gross Profit $60.51K $50.78K
YoY Change 220.84% -40.03%
Gross Profit Margin 79.61% 82.16%
Selling, General & Admin $1.375M $3.071M $2.567M
YoY Change -22.52% -27.05% 13.82%
% of Gross Profit 2272.3% 6047.09%
Research & Development $708.2K $1.371M $1.218M
YoY Change 192.96% 460.5%
% of Gross Profit 1170.42% 2700.81%
Depreciation & Amortization $210.4K $210.4K $210.4K
YoY Change -49.5%
% of Gross Profit 347.65% 414.26%
Operating Expenses $2.309M $4.664M $3.995M
YoY Change 30.11% 124.91% 77.18%
Operating Profit -$2.233M -$4.602M -$3.995M
YoY Change 27.18% 140.58% 80.63%
Interest Expense -$810.6K -$530.2K -$299.5K
YoY Change 1054.37% 12554.65%
% of Operating Profit
Other Income/Expense, Net $680.4K -$2.322M -$1.830M
YoY Change 250.72% -948.11%
Pretax Income -$1.553M -$6.924M -$6.125M
YoY Change -4.86% 79.81% 176.91%
Income Tax
% Of Pretax Income
Net Earnings -$1.553M -$6.924M -$6.125M
YoY Change -4.86% 322.47% 176.91%
Net Earnings / Revenue -2042.62% -11202.23%
Basic Earnings Per Share -$0.04 -$0.17 -$0.15
Diluted Earnings Per Share -$38.03K -$169.6K -$150.8K
COMMON SHARES
Basic Shares Outstanding 40.83M shares 40.83M shares 40.63M shares
Diluted Shares Outstanding 40.83M shares 40.83M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.182M $2.045M $3.173M
YoY Change 6992.08% 97280.0% 280.01%
Cash & Equivalents $1.182M $2.045M $3.173M
Short-Term Investments
Other Short-Term Assets $839.8K $235.4K $469.9K
YoY Change 2299.49% 729.97% 644.71%
Inventory $251.2K $268.4K $15.54K
Prepaid Expenses $839.8K $235.4K
Receivables $54.23K $53.08K $8.650K
Other Receivables $14.13K $12.59K $20.81K
Total Short-Term Assets $2.342M $2.614M $3.688M
YoY Change 1333.49% 1470.52% 276.9%
LONG-TERM ASSETS
Property, Plant & Equipment $12.61K $12.68K $1.111M
YoY Change -98.92% -98.97% -11.98%
Goodwill $7.191M $7.191M
YoY Change
Intangibles $52.24M $52.45M
YoY Change
Long-Term Investments
YoY Change
Other Assets $369.1K $369.1K $369.1K
YoY Change -0.51% -0.51% -0.51%
Total Long-Term Assets $61.38M $61.69M $61.33M
YoY Change 15.09% 15.27% 40.79%
TOTAL ASSETS
Total Short-Term Assets $2.342M $2.614M $3.688M
Total Long-Term Assets $61.38M $61.69M $61.33M
Total Assets $63.73M $64.30M $65.01M
YoY Change 19.11% 19.79% 45.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $848.4K $617.0K $822.6K
YoY Change -39.27% -48.97% 84.82%
Accrued Expenses $420.9K $418.3K $277.1K
YoY Change 61.82% 72.1% -8.87%
Deferred Revenue
YoY Change
Short-Term Debt $213.6K $241.4K $284.9K
YoY Change
Long-Term Debt Due $213.6K $241.4K
YoY Change
Total Short-Term Liabilities $1.606M $1.500M $1.656M
YoY Change -30.04% -12.62% 121.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.649M $843.0K $318.1K
YoY Change 818.76% 24053.3%
Other Long-Term Liabilities $19.52M $20.61M $17.79M
YoY Change 80.98% 92.16% 1718.28%
Total Long-Term Liabilities $21.17M $21.45M $18.10M
YoY Change 93.06% 99.95% 1750.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.606M $1.500M $1.656M
Total Long-Term Liabilities $21.17M $21.45M $18.10M
Total Liabilities $22.78M $22.95M $19.76M
YoY Change 71.75% 84.42% 1043.93%
SHAREHOLDERS EQUITY
Retained Earnings -$62.43M -$60.87M
YoY Change
Common Stock $40.83K $40.83K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.95M $41.35M $45.25M
YoY Change
Total Liabilities & Shareholders Equity $63.73M $64.30M $65.01M
YoY Change 19.11% 19.79% 45.97%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.553M -$6.924M -$6.125M
YoY Change -4.86% 322.47% 176.91%
Depreciation, Depletion And Amortization $210.4K $210.4K $210.4K
YoY Change -49.5%
Cash From Operating Activities -$2.210M -$2.742M -$4.314M
YoY Change 65.27% 201.12% 108.89%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 1.348M 1.614M 3.414M
YoY Change -0.32% 2053.36%
NET CHANGE
Cash From Operating Activities -2.210M -2.742M -4.314M
Cash From Investing Activities
Cash From Financing Activities 1.348M 1.614M 3.414M
Net Change In Cash -862.7K -1.128M $0.00
YoY Change -6025.27% 34.99%
FREE CASH FLOW
Cash From Operating Activities -$2.210M -$2.742M -$4.314M
Capital Expenditures $0.00
Free Cash Flow -$4.314M
YoY Change 109.18%

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MRZM Royalties Percentage
RoyaltiesPercentage
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