2022 Q1 Form 10-K Financial Statement
#000149315222017850 Filed on June 27, 2022
Income Statement
| Concept | 2022 Q1 | 2022 | 2021 Q1 |
|---|---|---|---|
| Revenue | $2.175M | $6.588M | $1.093M |
| YoY Change | 99.04% | 135.36% | 69.85% |
| Cost Of Revenue | $377.5K | $1.281M | $247.2K |
| YoY Change | 52.69% | 46.92% | 14.3% |
| Gross Profit | $1.797M | $5.307M | $845.4K |
| YoY Change | 112.6% | 175.38% | 97.98% |
| Gross Profit Margin | 82.64% | 80.55% | 77.37% |
| Selling, General & Admin | $256.5K | $1.051M | $198.9K |
| YoY Change | 28.94% | 26.16% | -0.96% |
| % of Gross Profit | 14.27% | 19.81% | 23.53% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $533.0K | $1.345M | $208.7K |
| YoY Change | 155.46% | 48.44% | 1.75% |
| % of Gross Profit | 29.66% | 25.35% | 24.68% |
| Operating Expenses | $796.4K | $2.425M | $414.6K |
| YoY Change | 92.11% | 37.16% | 0.42% |
| Operating Profit | $1.001M | $2.881M | $430.8K |
| YoY Change | 132.32% | 1715.64% | 2942.44% |
| Interest Expense | -$2.920K | -$26.17K | -$13.74K |
| YoY Change | -78.75% | -63.51% | 15.85% |
| % of Operating Profit | -0.29% | -0.91% | -3.19% |
| Other Income/Expense, Net | -$26.17K | ||
| YoY Change | |||
| Pretax Income | $997.9K | $2.855M | $417.1K |
| YoY Change | 139.27% | 1730.99% | 18033.91% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $997.9K | $2.855M | $417.1K |
| YoY Change | 139.27% | 1730.99% | 18033.91% |
| Net Earnings / Revenue | 45.89% | 43.34% | 38.17% |
| Basic Earnings Per Share | $1.36 | ||
| Diluted Earnings Per Share | $455.2K | $1.323M | $197.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 2.105M shares | ||
| Diluted Shares Outstanding | 2.158M shares |
Balance Sheet
| Concept | 2022 Q1 | 2022 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.371M | $1.371M | $57.81K |
| YoY Change | 2271.16% | 2271.16% | 68.15% |
| Cash & Equivalents | $1.371M | $1.371M | $57.81K |
| Short-Term Investments | |||
| Other Short-Term Assets | $52.64K | $52.64K | $47.90K |
| YoY Change | 9.9% | 9.9% | -4.56% |
| Inventory | |||
| Prepaid Expenses | $52.64K | ||
| Receivables | $1.310M | $651.8K | |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.734M | $2.734M | $757.5K |
| YoY Change | 260.87% | 260.87% | 105.13% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $10.13M | $10.26M | $9.790M |
| YoY Change | 3.5% | 4.83% | 2.52% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $275.0K | $275.0K | $200.0K |
| YoY Change | 37.5% | 37.5% | 33.33% |
| Other Assets | $13.16K | $13.16K | $83.39K |
| YoY Change | -84.22% | -84.22% | 3690.45% |
| Total Long-Term Assets | $10.55M | $10.55M | $10.07M |
| YoY Change | 4.74% | 4.74% | 3.83% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.734M | $2.734M | $757.5K |
| Total Long-Term Assets | $10.55M | $10.55M | $10.07M |
| Total Assets | $13.28M | $13.28M | $10.83M |
| YoY Change | 22.66% | 22.66% | 7.55% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $209.5K | $209.5K | $116.6K |
| YoY Change | 79.69% | 79.69% | -0.16% |
| Accrued Expenses | $54.29K | $54.29K | $21.97K |
| YoY Change | 147.11% | 147.11% | -66.57% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $263.8K | $263.8K | $138.5K |
| YoY Change | 90.4% | 90.4% | -24.08% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $1.155M | |
| YoY Change | -100.0% | 52.48% | |
| Other Long-Term Liabilities | $796.1K | $796.1K | $713.8K |
| YoY Change | 11.54% | 11.54% | -6.84% |
| Total Long-Term Liabilities | $796.1K | $796.1K | $1.869M |
| YoY Change | -57.4% | -57.4% | 22.65% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $263.8K | $263.8K | $138.5K |
| Total Long-Term Liabilities | $796.1K | $796.1K | $1.869M |
| Total Liabilities | $1.060M | $1.060M | $2.007M |
| YoY Change | -47.2% | -47.2% | 17.65% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $3.328M | ||
| YoY Change | |||
| Common Stock | $1.108M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $346.0K | ||
| YoY Change | |||
| Treasury Stock Shares | 67.00K shares | ||
| Shareholders Equity | $12.22M | $12.22M | $8.823M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $13.28M | $13.28M | $10.83M |
| YoY Change | 22.66% | 22.66% | 7.55% |
Cashflow Statement
| Concept | 2022 Q1 | 2022 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $997.9K | $2.855M | $417.1K |
| YoY Change | 139.27% | 1730.99% | 18033.91% |
| Depreciation, Depletion And Amortization | $533.0K | $1.345M | $208.7K |
| YoY Change | 155.46% | 48.44% | 1.75% |
| Cash From Operating Activities | $1.016M | $3.744M | $337.2K |
| YoY Change | 201.26% | 427.34% | 4.92% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$675.1K | -$1.889M | -$567.9K |
| YoY Change | 18.87% | 18.4% | -4.31% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$13.10K | $178.7K | -$1.110K |
| YoY Change | 1080.18% | -13.94% | -95.48% |
| Cash From Investing Activities | -$688.2K | -$1.710M | -$569.0K |
| YoY Change | 20.94% | 23.23% | -7.93% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $1.455M | ||
| YoY Change | |||
| Cash From Financing Activities | 162.9K | -721.4K | 248.6K |
| YoY Change | -34.47% | -202.91% | -7.13% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.016M | 3.744M | 337.2K |
| Cash From Investing Activities | -688.2K | -1.710M | -569.0K |
| Cash From Financing Activities | 162.9K | -721.4K | 248.6K |
| Net Change In Cash | 490.6K | 1.313M | 16.81K |
| YoY Change | 2818.38% | 5501.37% | -158.13% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.016M | $3.744M | $337.2K |
| Capital Expenditures | -$675.1K | -$1.889M | -$567.9K |
| Free Cash Flow | $1.691M | $5.633M | $905.1K |
| YoY Change | 86.82% | 144.36% | -1.06% |
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