2019 Form 10-K Financial Statement
#000121390020006893 Filed on March 19, 2020
Income Statement
| Concept | 2019 | 2018 Q4 | 2018 |
|---|---|---|---|
| Revenue | $60.00K | $0.00 | $0.00 |
| YoY Change | |||
| Cost Of Revenue | $20.00K | ||
| YoY Change | |||
| Gross Profit | $40.00K | ||
| YoY Change | |||
| Gross Profit Margin | 66.67% | ||
| Selling, General & Admin | $4.516M | $970.0K | $4.070M |
| YoY Change | 10.96% | -53.81% | -14.68% |
| % of Gross Profit | 11290.0% | ||
| Research & Development | $1.520M | $300.0K | $1.110M |
| YoY Change | 36.94% | 36.36% | 30.59% |
| % of Gross Profit | 3800.0% | ||
| Depreciation & Amortization | $30.00K | $10.00K | $30.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| % of Gross Profit | 75.0% | ||
| Operating Expenses | $4.516M | $1.270M | $4.070M |
| YoY Change | 10.96% | -45.26% | -27.45% |
| Operating Profit | -$4.476M | ||
| YoY Change | |||
| Interest Expense | $490.0K | $690.0K | -$790.0K |
| YoY Change | -162.03% | 60.47% | -476.19% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$5.500M | -$580.0K | -$5.970M |
| YoY Change | -7.87% | -69.31% | 10.56% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$5.500M | -$580.0K | -$5.970M |
| YoY Change | -7.87% | -69.31% | 10.56% |
| Net Earnings / Revenue | -9166.67% | ||
| Basic Earnings Per Share | -$2.75 | -$3.03 | |
| Diluted Earnings Per Share | -$3.12 | -$7.23 | -$3.03 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 | 2018 Q4 | 2018 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.200M | $6.350M | $6.350M |
| YoY Change | -81.1% | 252.78% | 252.78% |
| Cash & Equivalents | $1.200M | $5.140M | $5.140M |
| Short-Term Investments | $0.00 | $1.210M | $1.210M |
| Other Short-Term Assets | $260.0K | $270.0K | $270.0K |
| YoY Change | -3.7% | 285.71% | 285.71% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $40.00K | ||
| Other Receivables | $320.0K | ||
| Total Short-Term Assets | $1.830M | $6.840M | $6.840M |
| YoY Change | -73.25% | 204.0% | 204.0% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.110M | $70.00K | $70.00K |
| YoY Change | 1485.71% | 0.0% | 0.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $30.00K | $210.0K | $210.0K |
| YoY Change | -85.71% | 110.0% | 110.0% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $1.130M | $280.0K | $280.0K |
| YoY Change | 303.57% | 64.71% | 64.71% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.830M | $6.840M | $6.840M |
| Total Long-Term Assets | $1.130M | $280.0K | $280.0K |
| Total Assets | $2.960M | $7.120M | $7.120M |
| YoY Change | -58.43% | 194.21% | 194.21% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $820.0K | $570.0K | $570.0K |
| YoY Change | 43.86% | -1.72% | -1.72% |
| Accrued Expenses | $100.0K | ||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.250M | $1.820M | $1.820M |
| YoY Change | -31.32% | -49.02% | -49.02% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $660.0K | ||
| YoY Change | |||
| Total Long-Term Liabilities | $660.0K | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.250M | $1.820M | $1.820M |
| Total Long-Term Liabilities | $660.0K | $0.00 | $0.00 |
| Total Liabilities | $1.910M | $1.820M | $1.820M |
| YoY Change | 4.95% | -49.02% | -49.02% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $2.000K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.050M | $5.290M | $5.290M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.960M | $7.120M | $7.120M |
| YoY Change | -58.43% | 194.21% | 194.21% |
Cashflow Statement
| Concept | 2019 | 2018 Q4 | 2018 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$5.500M | -$580.0K | -$5.970M |
| YoY Change | -7.87% | -69.31% | 10.56% |
| Depreciation, Depletion And Amortization | $30.00K | $10.00K | $30.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Cash From Operating Activities | -$5.420M | -$800.0K | -$3.600M |
| YoY Change | 50.56% | -40.74% | -5.76% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $100.0K | $20.00K | $40.00K |
| YoY Change | 150.0% | 100.0% | 100.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.180M | $1.000M | -$1.380M |
| YoY Change | -185.51% | ||
| Cash From Investing Activities | $1.070M | $980.0K | -$1.420M |
| YoY Change | -175.35% | -9900.0% | 7000.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 270.0K | -270.0K | 9.040M |
| YoY Change | -97.01% | -108.68% | 61.14% |
| NET CHANGE | |||
| Cash From Operating Activities | -5.420M | -800.0K | -3.600M |
| Cash From Investing Activities | 1.070M | 980.0K | -1.420M |
| Cash From Financing Activities | 270.0K | -270.0K | 9.040M |
| Net Change In Cash | -4.080M | -90.00K | 4.020M |
| YoY Change | -201.49% | -105.14% | 127.12% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$5.420M | -$800.0K | -$3.600M |
| Capital Expenditures | $100.0K | $20.00K | $40.00K |
| Free Cash Flow | -$5.520M | -$820.0K | -$3.640M |
| YoY Change | 51.65% | -39.71% | -5.21% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-8000 | USD |
| CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | USD |
| CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | USD |
| CY2018 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3171000 | USD |
| CY2019 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2587000 | USD |
| CY2018 | us-gaap |
Marketing Expense
MarketingExpense
|
899000 | USD |
| CY2019 | us-gaap |
Marketing Expense
MarketingExpense
|
1929000 | USD |
| CY2019 | mysz |
Reverse Stock Split
ReverseStockSplit
|
USD | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.1 | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
4.1 | |
| CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.03 | |
| CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.75 | |
| CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.03 | |
| CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.12 |
