2024 Q4 Form 10-Q Financial Statement

#000168316824007841 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $390.3K $5.913M
YoY Change -86.92% 19.04%
Cost Of Revenue $193.9K $4.267M
YoY Change -93.51% 11.12%
Gross Profit $196.4K $1.646M
YoY Change -6663.64% 45.99%
Gross Profit Margin 50.32% 27.83%
Selling, General & Admin $5.896M
YoY Change 366.51%
% of Gross Profit 358.25%
Research & Development $10.54M
YoY Change 3714.97%
% of Gross Profit 640.56%
Depreciation & Amortization $12.16K
YoY Change 0.83%
% of Gross Profit 0.74%
Operating Expenses $16.44M
YoY Change 967.27%
Operating Profit -$377.1K -$14.79M
YoY Change -86.64% 3482.6%
Interest Expense -$290.3K
YoY Change
% of Operating Profit
Other Income/Expense, Net $612.00 -$120.00
YoY Change -99.64% -126.09%
Pretax Income -$376.4K -$15.08M
YoY Change -85.81% 3557.02%
Income Tax $2.531K $0.00
% Of Pretax Income
Net Earnings -$379.0K -$15.08M
YoY Change -85.72% 3557.02%
Net Earnings / Revenue -97.1% -255.08%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 -$0.30
COMMON SHARES
Basic Shares Outstanding 309.0M shares 54.36M shares
Diluted Shares Outstanding 167.5M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $791.3K
YoY Change 622.76%
Cash & Equivalents $160.0K $124.0K
Short-Term Investments $667.3K
Other Short-Term Assets $10.65K
YoY Change 4.36%
Inventory $7.770M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $387.9K $9.274M
YoY Change -97.69% 103.63%
LONG-TERM ASSETS
Property, Plant & Equipment $752.4K $764.4K
YoY Change
Goodwill
YoY Change
Intangibles $40.61K
YoY Change -56.9%
Long-Term Investments
YoY Change
Other Assets $138.5K
YoY Change -21.41%
Total Long-Term Assets $3.320M $179.1K
YoY Change 1413.3% -33.77%
TOTAL ASSETS
Total Short-Term Assets $387.9K $9.274M
Total Long-Term Assets $3.320M $179.1K
Total Assets $3.708M $9.453M
YoY Change -78.17% 95.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.218K $57.24K
YoY Change
Accrued Expenses $17.49M
YoY Change 231.35%
Deferred Revenue
YoY Change
Short-Term Debt $170.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.623M $19.65M
YoY Change -69.63% 187.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.623M $19.65M
Total Long-Term Liabilities $0.00
Total Liabilities $9.902M $19.65M
YoY Change -65.13% 187.89%
SHAREHOLDERS EQUITY
Retained Earnings -$6.227M -$51.84M
YoY Change -83.06% 97.83%
Common Stock $30.90K $15.18M
YoY Change -99.78% 7713.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.195M -$10.19M
YoY Change
Total Liabilities & Shareholders Equity $3.708M $9.453M
YoY Change -78.17% 95.93%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$379.0K -$15.08M
YoY Change -85.72% 3557.02%
Depreciation, Depletion And Amortization $12.16K
YoY Change 0.83%
Cash From Operating Activities $1.397M
YoY Change -217.71%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.316M
YoY Change -204.72%
NET CHANGE
Cash From Operating Activities 1.397M
Cash From Investing Activities 0.000
Cash From Financing Activities -1.316M
Net Change In Cash 81.29K
YoY Change 16.88%
FREE CASH FLOW
Cash From Operating Activities $1.397M
Capital Expenditures $0.00
Free Cash Flow $1.397M
YoY Change -217.71%

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