2022 Q4 Form 10-Q Financial Statement

#000149315222031687 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $95.66K $76.01K $37.22K
YoY Change -54.51% 104.22% -70.22%
Cost Of Revenue $27.79K $15.50K $18.36K
YoY Change -65.41% -15.58% -28.59%
Gross Profit $67.87K $60.51K $18.86K
YoY Change -47.76% 220.84% -81.0%
Gross Profit Margin 70.95% 79.61% 50.67%
Selling, General & Admin $1.320M $1.375M $1.775M
YoY Change -81.73% -22.52% -18.0%
% of Gross Profit 1945.38% 2272.3% 9409.54%
Research & Development $680.8K $708.2K $241.7K
YoY Change -59.52% 192.96%
% of Gross Profit 1003.15% 1170.42% 1281.8%
Depreciation & Amortization $210.4K $210.4K
YoY Change 379.51%
% of Gross Profit 309.95% 347.65%
Operating Expenses $2.212M $2.309M $1.775M
YoY Change -75.29% 30.11% -18.01%
Operating Profit -$2.144M -$2.233M -$1.756M
YoY Change -75.7% 27.18% -14.98%
Interest Expense -$1.149M -$810.6K -$70.22K
YoY Change 811.67% 1054.37%
% of Operating Profit
Other Income/Expense, Net $3.740M $680.4K $194.0K
YoY Change -369.65% 250.72%
Pretax Income -$23.56M -$1.553M -$1.632M
YoY Change 114.26% -4.86% -20.97%
Income Tax
% Of Pretax Income
Net Earnings -$23.56M -$1.553M -$1.632M
YoY Change 114.26% -4.86% -20.97%
Net Earnings / Revenue -24633.45% -2042.62% -4384.74%
Basic Earnings Per Share -$0.04 -$0.05
Diluted Earnings Per Share -$0.58 -$38.03K -$45.42K
COMMON SHARES
Basic Shares Outstanding 40.53M shares 40.83M shares
Diluted Shares Outstanding 40.83M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $510.9K $1.182M $16.67K
YoY Change -87.46% 6992.08% -99.68%
Cash & Equivalents $510.9K $1.182M $16.67K
Short-Term Investments
Other Short-Term Assets $1.126M $839.8K $35.00K
YoY Change 337.75% 2299.49% -84.02%
Inventory $215.6K $251.2K $15.39K
Prepaid Expenses $1.126M $839.8K
Receivables $87.80K $54.23K $96.29K
Other Receivables $15.31K $14.13K $0.00
Total Short-Term Assets $1.955M $2.342M $163.4K
YoY Change -55.58% 1333.49% -97.12%
LONG-TERM ASSETS
Property, Plant & Equipment $12.55K $12.61K $1.164M
YoY Change -2.12% -98.92% 14866.97%
Goodwill $7.191M $7.191M
YoY Change 0.0%
Intangibles $27.68M $52.24M
YoY Change -47.65%
Long-Term Investments
YoY Change
Other Assets $369.1K $369.1K $371.0K
YoY Change 0.0% -0.51%
Total Long-Term Assets $36.73M $61.38M $53.34M
YoY Change -40.37% 15.09% 24.59%
TOTAL ASSETS
Total Short-Term Assets $1.955M $2.342M $163.4K
Total Long-Term Assets $36.73M $61.38M $53.34M
Total Assets $38.69M $63.73M $53.50M
YoY Change -41.38% 19.11% 10.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.365M $848.4K $1.397M
YoY Change -14.45% -39.27% 199.7%
Accrued Expenses $423.5K $420.9K $260.1K
YoY Change 52.81% 61.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $213.6K $0.00
YoY Change -100.0%
Long-Term Debt Due $1.133M $213.6K
YoY Change
Total Short-Term Liabilities $2.922M $1.606M $2.296M
YoY Change -6.76% -30.04% 392.49%
LONG-TERM LIABILITIES
Long-Term Debt $2.752M $1.649M $179.5K
YoY Change 455.53% 818.76%
Other Long-Term Liabilities $15.59M $19.52M $10.79M
YoY Change 6.21% 80.98%
Total Long-Term Liabilities $18.34M $21.17M $10.97M
YoY Change 20.88% 93.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.922M $1.606M $2.296M
Total Long-Term Liabilities $18.34M $21.17M $10.97M
Total Liabilities $21.27M $22.78M $13.26M
YoY Change 16.15% 71.75% 2745.28%
SHAREHOLDERS EQUITY
Retained Earnings -$85.99M -$62.43M
YoY Change 79.81%
Common Stock $40.53K $40.83K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.42M $40.95M $40.24M
YoY Change
Total Liabilities & Shareholders Equity $38.69M $63.73M $53.50M
YoY Change -41.38% 19.11% 10.35%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$23.56M -$1.553M -$1.632M
YoY Change 114.26% -4.86% -20.97%
Depreciation, Depletion And Amortization $210.4K $210.4K
YoY Change 379.51%
Cash From Operating Activities -$1.586M -$2.210M -$1.337M
YoY Change 7.6% 65.27% 75.57%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 914.7K 1.348M 1.352M
YoY Change -83.46% -0.32% -77.78%
NET CHANGE
Cash From Operating Activities -1.586M -2.210M -1.337M
Cash From Investing Activities 0.000
Cash From Financing Activities 914.7K 1.348M 1.352M
Net Change In Cash -671.4K -862.7K 14.56K
YoY Change -116.55% -6025.27% -99.72%
FREE CASH FLOW
Cash From Operating Activities -$1.586M -$2.210M -$1.337M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q2 us-gaap Stockholders Equity
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MRZM Contingent Liabilities Noncash
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dei Entity Incorporation State Country Code
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dei Entity Incorporation Date Of Incorporation
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CY2022Q3 us-gaap Cash
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CY2021Q4 us-gaap Cash
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<p id="xdx_848_eus-gaap--UseOfEstimates_zZzjXOcMDG1g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zgrdNHWKhp07">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed consolidated financial statements in accordance with U.S. GAAP requires management to make use of certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Significant estimates are related to the allocation of the purchase price in a business combination to the underlying assets and liabilities, recoverability of long-term assets including intangible assets and goodwill, amortization expense, valuation of warrants, stock-based compensation, derivative liabilities, contingent liabilities and deferred tax valuations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1323100 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M15D
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
133797 usd
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
149178 usd
CY2022Q3 us-gaap Prepaid Royalties
PrepaidRoyalties
339091 usd
CY2021Q4 us-gaap Prepaid Royalties
PrepaidRoyalties
339091 usd
MRZM Royalties Percentage
RoyaltiesPercentage
0.10 pure

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0001493152-22-031687.txt Edgar Link pending
0001493152-22-031687-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
mrzm-20220930.xsd Edgar Link pending
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mrzm-20220930_cal.xml Edgar Link unprocessable
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mrzm-20220930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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FilingSummary.xml Edgar Link unprocessable