2021 Q4 Form 10-K Financial Statement
#000149315222008160 Filed on March 30, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $8.224M | $15.08M | $2.930M |
| YoY Change | 180.68% | -20.86% | 28.51% |
| Cost Of Revenue | $4.892M | $7.529M | $1.330M |
| YoY Change | 267.81% | 14.15% | 19.82% |
| Gross Profit | $3.332M | $7.546M | $1.600M |
| YoY Change | 108.26% | -39.39% | 36.75% |
| Gross Profit Margin | 40.52% | 50.06% | 54.61% |
| Selling, General & Admin | $6.165M | $31.85M | $3.190M |
| YoY Change | 93.25% | 311.67% | 182.3% |
| % of Gross Profit | 185.01% | 422.11% | 199.38% |
| Research & Development | $3.538M | $9.622M | $1.210M |
| YoY Change | 192.39% | 106.95% | 45.78% |
| % of Gross Profit | 106.18% | 127.5% | 75.63% |
| Depreciation & Amortization | $567.8K | $1.785M | $260.0K |
| YoY Change | 118.4% | 147.93% | 100.0% |
| % of Gross Profit | 17.04% | 23.65% | 16.25% |
| Operating Expenses | $9.804M | $41.76M | $4.420M |
| YoY Change | 121.8% | 237.1% | 73.33% |
| Operating Profit | -$6.472M | -$34.21M | -$2.820M |
| YoY Change | 129.49% | -54341.47% | 104.35% |
| Interest Expense | -$192.4K | $504.2K | -$270.0K |
| YoY Change | -28.74% | -29.73% | 125.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$18.65K | -$44.77K | $30.00K |
| YoY Change | -162.17% | -140.7% | -400.0% |
| Pretax Income | -$7.000M | -$33.70M | -$3.050M |
| YoY Change | 129.5% | 4856.58% | 101.99% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$7.010M | -$33.16M | -$2.630M |
| YoY Change | 166.56% | 1784.2% | 324.19% |
| Net Earnings / Revenue | -85.24% | -219.97% | -89.76% |
| Basic Earnings Per Share | -$29.15 | ||
| Diluted Earnings Per Share | -$376.2K | -$1.779M | -$160.9K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $17.82M | $17.82M | $3.990M |
| YoY Change | 346.61% | 346.61% | |
| Cash & Equivalents | $17.82M | $3.991M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $1.175M | $1.175M | $510.0K |
| YoY Change | 130.46% | 130.46% | |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $5.490M | $5.490M | $5.980M |
| Other Receivables | $137.6K | $137.6K | $0.00 |
| Total Short-Term Assets | $24.62M | $24.62M | $10.47M |
| YoY Change | 135.18% | 135.18% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $727.1K | $727.1K | $160.0K |
| YoY Change | 354.43% | 354.43% | |
| Goodwill | $4.867M | ||
| YoY Change | |||
| Intangibles | $20.49M | $4.758M | |
| YoY Change | 330.51% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $0.00 | $1.050M | |
| YoY Change | -100.0% | ||
| Total Long-Term Assets | $26.08M | $26.08M | $6.920M |
| YoY Change | 276.88% | 276.88% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $24.62M | $24.62M | $10.47M |
| Total Long-Term Assets | $26.08M | $26.08M | $6.920M |
| Total Assets | $50.70M | $50.70M | $17.39M |
| YoY Change | 191.57% | 191.57% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.785M | $1.785M | $710.0K |
| YoY Change | 151.36% | 151.36% | |
| Accrued Expenses | $3.524M | $3.524M | $3.360M |
| YoY Change | 4.89% | 12.96% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $119.0K | $119.0K | $10.85M |
| YoY Change | -98.9% | -98.9% | |
| Long-Term Debt Due | $0.00 | ||
| YoY Change | |||
| Total Short-Term Liabilities | $8.598M | $8.598M | $14.91M |
| YoY Change | -42.33% | -42.33% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $4.123M | $4.123M | $860.0K |
| YoY Change | 379.41% | 379.41% | |
| Total Long-Term Liabilities | $4.123M | $4.123M | $860.0K |
| YoY Change | 379.41% | 379.41% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $8.598M | $8.598M | $14.91M |
| Total Long-Term Liabilities | $4.123M | $4.123M | $860.0K |
| Total Liabilities | $12.72M | $13.98M | $18.42M |
| YoY Change | -30.94% | -24.08% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$37.99M | ||
| YoY Change | |||
| Common Stock | $0.00 | $0.00 | |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $36.72M | $36.72M | -$1.030M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $50.70M | $50.70M | $17.39M |
| YoY Change | 191.57% | 191.57% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$7.010M | -$33.16M | -$2.630M |
| YoY Change | 166.56% | 1784.2% | 324.19% |
| Depreciation, Depletion And Amortization | $567.8K | $1.785M | $260.0K |
| YoY Change | 118.4% | 147.93% | 100.0% |
| Cash From Operating Activities | -$4.219M | -$20.94M | $3.490M |
| YoY Change | -220.88% | -617.08% | 34800.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$89.11K | -$982.2K | -$60.00K |
| YoY Change | 48.52% | 309.26% | 500.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$13.63M | $1.030M |
| YoY Change | -100.0% | 5580.09% | |
| Cash From Investing Activities | -$89.11K | -$14.61M | $960.0K |
| YoY Change | -109.28% | 2944.68% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 52.78K | 49.49M | -3.510M |
| YoY Change | -101.5% | -3313.46% | 3410.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -4.219M | -20.94M | 3.490M |
| Cash From Investing Activities | -89.11K | -14.61M | 960.0K |
| Cash From Financing Activities | 52.78K | 49.49M | -3.510M |
| Net Change In Cash | -4.255M | 13.93M | 940.0K |
| YoY Change | -552.65% | 586.26% | -1144.44% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.219M | -$20.94M | $3.490M |
| Capital Expenditures | -$89.11K | -$982.2K | -$60.00K |
| Free Cash Flow | -$4.129M | -$19.96M | $3.550M |
| YoY Change | -216.32% | -565.25% | 17650.0% |
Facts In Submission
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