2021 Form 10-K Financial Statement
#000149315222007224 Filed on March 18, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $131.0K | $140.0K |
| YoY Change | -6.43% | 133.33% |
| Cost Of Revenue | $0.00 | |
| YoY Change | -100.0% | |
| Gross Profit | $131.0K | $140.0K |
| YoY Change | -6.43% | 250.0% |
| Gross Profit Margin | 100.0% | 100.0% |
| Selling, General & Admin | $6.460M | $4.760M |
| YoY Change | 35.71% | 5.4% |
| % of Gross Profit | 4931.3% | 3400.0% |
| Research & Development | $4.248M | $1.520M |
| YoY Change | 179.47% | 0.0% |
| % of Gross Profit | 3242.75% | 1085.71% |
| Depreciation & Amortization | $42.00K | $40.00K |
| YoY Change | 5.0% | 33.33% |
| % of Gross Profit | 32.06% | 28.57% |
| Operating Expenses | $10.71M | $6.290M |
| YoY Change | 70.24% | 39.28% |
| Operating Profit | -$10.58M | -$6.150M |
| YoY Change | 71.98% | 37.4% |
| Interest Expense | $60.00K | -$10.00K |
| YoY Change | -700.0% | -102.04% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $57.00K | |
| YoY Change | ||
| Pretax Income | -$10.52M | -$6.160M |
| YoY Change | 70.78% | 12.0% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$10.52M | -$6.160M |
| YoY Change | 70.78% | 12.0% |
| Net Earnings / Revenue | -8030.53% | -4400.0% |
| Basic Earnings Per Share | -$17.75 | -$1.11 |
| Diluted Earnings Per Share | -$25.04 | -$1.11 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 420.4K shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.67M | $1.690M |
| YoY Change | 531.36% | 40.83% |
| Cash & Equivalents | $10.67M | $1.690M |
| Short-Term Investments | ||
| Other Short-Term Assets | $270.0K | $270.0K |
| YoY Change | 0.0% | 3.85% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $40.00K | $30.00K |
| Other Receivables | $580.0K | $480.0K |
| Total Short-Term Assets | $11.56M | $2.470M |
| YoY Change | 368.02% | 34.97% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $890.0K | $1.040M |
| YoY Change | -14.42% | -6.31% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $110.0K | $60.00K |
| YoY Change | 83.33% | 100.0% |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $1.000M | $1.100M |
| YoY Change | -9.09% | -2.65% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $11.56M | $2.470M |
| Total Long-Term Assets | $1.000M | $1.100M |
| Total Assets | $12.56M | $3.570M |
| YoY Change | 251.82% | 20.61% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.090M | $780.0K |
| YoY Change | 39.74% | -4.88% |
| Accrued Expenses | $140.0K | $130.0K |
| YoY Change | 7.69% | 30.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.230M | $910.0K |
| YoY Change | 35.16% | -27.2% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $470.0K | $580.0K |
| YoY Change | -18.97% | -12.12% |
| Total Long-Term Liabilities | $470.0K | $580.0K |
| YoY Change | -18.97% | -12.12% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.230M | $910.0K |
| Total Long-Term Liabilities | $470.0K | $580.0K |
| Total Liabilities | $1.700M | $1.490M |
| YoY Change | 14.09% | -21.99% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $10.86M | $2.080M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $12.56M | $3.570M |
| YoY Change | 251.82% | 20.61% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$10.52M | -$6.160M |
| YoY Change | 70.78% | 12.0% |
| Depreciation, Depletion And Amortization | $42.00K | $40.00K |
| YoY Change | 5.0% | 33.33% |
| Cash From Operating Activities | -$7.297M | -$5.680M |
| YoY Change | 28.47% | 4.8% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $23.00K | $20.00K |
| YoY Change | 15.0% | -80.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $180.0K | -$200.0K |
| YoY Change | -190.0% | -116.95% |
| Cash From Investing Activities | $161.0K | -$210.0K |
| YoY Change | -176.67% | -119.63% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | $16.29M | 6.090M |
| YoY Change | 167.52% | 2155.56% |
| NET CHANGE | ||
| Cash From Operating Activities | -$7.297M | -5.680M |
| Cash From Investing Activities | $161.0K | -210.0K |
| Cash From Financing Activities | $16.29M | 6.090M |
| Net Change In Cash | $9.169M | 200.0K |
| YoY Change | 4484.5% | -104.9% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$7.297M | -$5.680M |
| Capital Expenditures | $23.00K | $20.00K |
| Free Cash Flow | -$7.320M | -$5.700M |
| YoY Change | 28.42% | 3.26% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
USD | |
| CY2020 | mysz |
Revaluation Of Warrants And Derivatives
RevaluationOfWarrantsAndDerivatives
|
USD | |
| CY2020 | mysz |
Restricted Shares Issuedto Shareholder
RestrictedSharesIssuedtoShareholder
|
USD | |
| CY2021 | us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
USD | |
| CY2020 | us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
USD | |
| CY2021 | mysz |
Proceeds From Exercise Of Warrants And Pre Funded Warrants
ProceedsFromExerciseOfWarrantsAndPreFundedWarrants
|
USD | |
| CY2020 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Derivative Gain On Derivative
DerivativeGainOnDerivative
|
USD | |
| CY2021 | us-gaap |
Unrealized Loss On Foreign Currency Derivatives Before Tax
UnrealizedLossOnForeignCurrencyDerivativesBeforeTax
|
USD | |
| CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
328000 | USD |
| CY2021 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
2618000 | USD |
