2022 Q3 Form 10-Q Financial Statement

#000149315222023031 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $726.0K $801.0K $400.0K
YoY Change 2241.94% 2570.0% 1233.33%
Cost Of Revenue $877.0K $479.0K $250.0K
YoY Change
Gross Profit -$151.0K $322.0K $38.00K
YoY Change -587.1% 973.33% 26.67%
Gross Profit Margin -20.8% 40.2% 9.5%
Selling, General & Admin $1.474M $1.584M $1.846M
YoY Change -7.59% 18.56% 57.78%
% of Gross Profit 491.93% 4857.89%
Research & Development $350.0K $390.0K $412.0K
YoY Change -24.24% -87.03% 11.35%
% of Gross Profit 121.12% 1084.21%
Depreciation & Amortization $40.00K $40.00K $36.00K
YoY Change 300.0% 300.0% 260.0%
% of Gross Profit 12.42% 94.74%
Operating Expenses $1.824M $1.974M $2.258M
YoY Change -11.33% -54.55% 46.62%
Operating Profit -$1.975M -$1.652M -$2.105M
YoY Change -2.52% -61.7% 39.4%
Interest Expense -$50.00K -$60.00K -$80.00K
YoY Change -350.0% 100.0% -233.33%
% of Operating Profit
Other Income/Expense, Net -$51.00K -$64.00K -$83.00K
YoY Change -383.33% 137.04%
Pretax Income -$2.026M -$1.716M -$2.188M
YoY Change 0.8% -60.46% 49.86%
Income Tax
% Of Pretax Income
Net Earnings -$2.026M -$1.716M -$2.188M
YoY Change 0.9% -60.46% 49.86%
Net Earnings / Revenue -279.06% -214.23% -547.0%
Basic Earnings Per Share -$0.08 -$0.07 -$2.25
Diluted Earnings Per Share -$2.00 $1.68 -$2.21
COMMON SHARES
Basic Shares Outstanding 25.55M shares 25.46M shares 501.8K shares
Diluted Shares Outstanding 1.026M shares 1.019M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.360M $6.460M $7.840M
YoY Change 23.16% 34.02% 36.11%
Cash & Equivalents $4.360M $6.462M $8.112M
Short-Term Investments
Other Short-Term Assets $260.0K $260.0K $270.0K
YoY Change -3.7% -3.7% 0.0%
Inventory $1.059M $1.223M $1.100M
Prepaid Expenses
Receivables $386.0K $175.0K $130.0K
Other Receivables $650.0K $950.0K $1.200M
Total Short-Term Assets $6.718M $9.078M $10.54M
YoY Change 69.22% 70.32% 65.2%
LONG-TERM ASSETS
Property, Plant & Equipment $144.0K $153.0K $990.0K
YoY Change -84.0% -83.89% 4.21%
Goodwill $268.0K $268.0K
YoY Change
Intangibles $294.0K $326.0K
YoY Change
Long-Term Investments $80.00K $100.0K $90.00K
YoY Change -27.27% 25.0% -18.18%
Other Assets $30.00K $30.00K $30.00K
YoY Change
Total Long-Term Assets $1.473M $1.588M $1.740M
YoY Change 47.3% 54.17% 64.15%
TOTAL ASSETS
Total Short-Term Assets $6.718M $9.078M $10.54M
Total Long-Term Assets $1.473M $1.588M $1.740M
Total Assets $8.191M $10.67M $12.28M
YoY Change 64.81% 67.7% 65.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.350M $1.830M $1.840M
YoY Change 7.14% 140.79% 166.67%
Accrued Expenses $180.0K $170.0K $180.0K
YoY Change 38.46% 30.77% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $200.0K $180.0K $230.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.135M $2.382M $2.250M
YoY Change 53.6% 167.64% 174.39%
LONG-TERM LIABILITIES
Long-Term Debt $86.00K $97.00K $140.0K
YoY Change
Other Long-Term Liabilities $370.0K $420.0K $510.0K
YoY Change -24.49% -19.23% -3.77%
Total Long-Term Liabilities $522.0K $589.0K $650.0K
YoY Change 6.53% 13.27% 22.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.135M $2.382M $2.250M
Total Long-Term Liabilities $522.0K $589.0K $650.0K
Total Liabilities $2.657M $2.971M $2.980M
YoY Change 41.33% 110.71% 120.74%
SHAREHOLDERS EQUITY
Retained Earnings -$51.12M -$49.10M
YoY Change
Common Stock $26.00K $26.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.534M $7.695M $9.298M
YoY Change
Total Liabilities & Shareholders Equity $8.191M $10.67M $12.28M
YoY Change 64.81% 67.7% 65.05%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.026M -$1.716M -$2.188M
YoY Change 0.9% -60.46% 49.86%
Depreciation, Depletion And Amortization $40.00K $40.00K $36.00K
YoY Change 300.0% 300.0% 260.0%
Cash From Operating Activities -$1.790M -$1.490M -$2.579M
YoY Change 36.64% 6.43% 103.07%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $10.00K $21.00K
YoY Change 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$300.0K
YoY Change -100.0%
Cash From Investing Activities $0.00 -$10.00K -$321.0K
YoY Change -105.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K -30.00K $7.000K
YoY Change -166.67% -106.52% -99.87%
NET CHANGE
Cash From Operating Activities -1.790M -1.490M -$2.579M
Cash From Investing Activities 0.000 -10.00K -$321.0K
Cash From Financing Activities -20.00K -30.00K $7.000K
Net Change In Cash -1.810M -1.530M -$2.831M
YoY Change 41.41% 98.7% -169.05%
FREE CASH FLOW
Cash From Operating Activities -$1.790M -$1.490M -$2.579M
Capital Expenditures $0.00 $10.00K $21.00K
Free Cash Flow -$1.790M -$1.500M -$2.600M
YoY Change 36.64% 6.38% 104.72%

Facts In Submission

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MYSZ Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
12000 usd
MYSZ Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-300000 usd
MYSZ Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-50000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
355000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4070000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2669000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
300000 usd
MYSZ Change In Restricted Deposits
ChangeInRestrictedDeposits
184000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-325000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
172000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5035000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
18000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
15000 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
27000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
797000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5832000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
201000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-16000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10943000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1774000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6725000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5093000 usd
us-gaap Stock Issued1
StockIssued1
457000 usd
us-gaap Stock Issued1
StockIssued1
2618000 usd
MYSZ Cash Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4208000 usd
MYSZ Restricted Cash Period Increase Decrease Including Exchange Rate Effect
RestrictedCashPeriodIncreaseDecreaseIncludingExchangeRateEffect
10000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-49095000 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
11000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
3000 usd
CY2022Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-22000 usd
CY2021Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-27000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
162000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
232000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
89000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
44000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
171000 usd
CY2022Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
15000 usd
CY2021Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
103000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
300000 usd
us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
1395025 shares
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
457000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
757000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
0 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
89000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
239000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
864000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
55000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
31000 usd
CY2022Q2 MYSZ Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Selling Platform
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSellingPlatform
378000 usd
CY2022Q2 MYSZ Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwill
268000 usd
CY2022Q2 MYSZ Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Short Term Credit
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedShortTermCredit
181000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
660000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
101000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
138000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
87000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
757000 usd
CY2021Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
55000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1205000 usd
us-gaap Profit Loss
ProfitLoss
-3757000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
801000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1652000 usd

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0001493152-22-023031.txt Edgar Link pending
0001493152-22-023031-xbrl.zip Edgar Link pending
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mysz-20220630_lab.xml Edgar Link unprocessable
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mysz-20220630_cal.xml Edgar Link unprocessable
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