2022 Q4 Form 10-Q Financial Statement

#000149315222032090 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.530M $726.0K $31.00K
YoY Change 6225.0% 2241.94% -65.56%
Cost Of Revenue $2.220M $877.0K
YoY Change
Gross Profit $310.0K -$151.0K $31.00K
YoY Change 675.0% -587.1% -65.56%
Gross Profit Margin 12.25% -20.8% 100.0%
Selling, General & Admin $2.140M $1.474M $1.595M
YoY Change -9.32% -7.59% 19.92%
% of Gross Profit 690.32% 5145.16%
Research & Development $550.0K $350.0K $462.0K
YoY Change 34.15% -24.24% 15.5%
% of Gross Profit 177.42% 1490.32%
Depreciation & Amortization $70.00K $40.00K $10.00K
YoY Change 600.0% 300.0% 0.0%
% of Gross Profit 22.58% 32.26%
Operating Expenses $2.690M $1.824M $2.057M
YoY Change -2.89% -11.33% 18.9%
Operating Profit -$2.380M -$1.975M -$2.026M
YoY Change -12.82% -2.52% 23.54%
Interest Expense -$40.00K -$50.00K $20.00K
YoY Change -500.0% -350.0% -166.67%
% of Operating Profit
Other Income/Expense, Net -$51.00K $18.00K
YoY Change -383.33%
Pretax Income -$2.420M -$2.026M -$2.010M
YoY Change -11.03% 0.8% 20.36%
Income Tax -$40.00K
% Of Pretax Income
Net Earnings -$2.380M -$2.026M -$2.008M
YoY Change -12.5% 0.9% 20.24%
Net Earnings / Revenue -94.07% -279.06% -6477.42%
Basic Earnings Per Share -$0.08 -$0.13
Diluted Earnings Per Share -$1.69 -$2.00 -$3.34
COMMON SHARES
Basic Shares Outstanding 36.13M shares 25.55M shares 15.04M shares
Diluted Shares Outstanding 1.026M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.147M $4.360M $3.540M
YoY Change -80.08% 23.16% 0.57%
Cash & Equivalents $2.100M $4.360M $3.809M
Short-Term Investments $47.00K
Other Short-Term Assets $260.0K $260.0K $270.0K
YoY Change -3.7% -3.7% 3.85%
Inventory $997.0K $1.059M
Prepaid Expenses $322.0K
Receivables $1.940M $386.0K $40.00K
Other Receivables $760.0K $650.0K $120.0K
Total Short-Term Assets $6.058M $6.718M $3.970M
YoY Change -47.6% 69.22% 1.28%
LONG-TERM ASSETS
Property, Plant & Equipment $140.0K $144.0K $900.0K
YoY Change 25.0% -84.0% -11.76%
Goodwill $1.395M $268.0K
YoY Change
Intangibles $1.377M $294.0K
YoY Change
Long-Term Investments $150.0K $80.00K $110.0K
YoY Change 36.36% -27.27% 175.0%
Other Assets $30.00K $30.00K
YoY Change
Total Long-Term Assets $3.669M $1.473M $1.000M
YoY Change 268.37% 47.3% -5.66%
TOTAL ASSETS
Total Short-Term Assets $6.058M $6.718M $3.970M
Total Long-Term Assets $3.669M $1.473M $1.000M
Total Assets $9.727M $8.191M $4.970M
YoY Change -22.54% 64.81% -0.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.490M $1.350M $1.260M
YoY Change 128.44% 7.14% 53.66%
Accrued Expenses $160.0K $180.0K $130.0K
YoY Change 14.29% 38.46% 8.33%
Deferred Revenue
YoY Change
Short-Term Debt $155.0K $200.0K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.179M $2.135M $1.390M
YoY Change 240.31% 53.6% 49.46%
LONG-TERM LIABILITIES
Long-Term Debt $376.0K $86.00K $0.00
YoY Change
Other Long-Term Liabilities $310.0K $370.0K $490.0K
YoY Change -34.04% -24.49% -14.04%
Total Long-Term Liabilities $1.012M $522.0K $490.0K
YoY Change 113.95% 6.53% -14.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.179M $2.135M $1.390M
Total Long-Term Liabilities $1.012M $522.0K $490.0K
Total Liabilities $5.191M $2.657M $1.880M
YoY Change 205.17% 41.33% 24.5%
SHAREHOLDERS EQUITY
Retained Earnings -$53.50M -$51.12M
YoY Change 18.39%
Common Stock $1.000K $26.00K
YoY Change -95.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.536M $5.534M $3.088M
YoY Change
Total Liabilities & Shareholders Equity $9.727M $8.191M $4.970M
YoY Change -22.54% 64.81% -0.2%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.380M -$2.026M -$2.008M
YoY Change -12.5% 0.9% 20.24%
Depreciation, Depletion And Amortization $70.00K $40.00K $10.00K
YoY Change 600.0% 300.0% 0.0%
Cash From Operating Activities -$1.430M -$1.790M -$1.310M
YoY Change -56.93% 36.64% 12.93%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$670.0K $0.00 $0.00
YoY Change
Cash From Investing Activities -$660.0K $0.00 $0.00
YoY Change 6500.0% -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 -30.00K -20.00K 30.00K
YoY Change -100.29% -166.67% -62.5%
NET CHANGE
Cash From Operating Activities -1.430M -1.790M -1.310M
Cash From Investing Activities -660.0K 0.000 0.000
Cash From Financing Activities -30.00K -20.00K 30.00K
Net Change In Cash -2.120M -1.810M -1.280M
YoY Change -129.86% 41.41% 17.43%
FREE CASH FLOW
Cash From Operating Activities -$1.430M -$1.790M -$1.310M
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$1.430M -$1.790M -$1.310M
YoY Change -57.06% 36.64% 12.93%

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us-gaap Net Income Loss
NetIncomeLoss
-7805000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
116000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
31000 usd
MYSZ Noncash Lease Expenses
NoncashLeaseExpenses
30000 usd
MYSZ Noncash Lease Expenses
NoncashLeaseExpenses
32000 usd
MYSZ Revaluation Of Warrants And Derivatives
RevaluationOfWarrantsAndDerivatives
26000 usd
MYSZ Revaluation Of Warrants And Derivatives
RevaluationOfWarrantsAndDerivatives
-1000 usd
MYSZ Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
-28000 usd
MYSZ Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
46000 usd
MYSZ Restricted Shares Issuedto Shareholder
RestrictedSharesIssuedtoShareholder
2618000 usd
MYSZ Financing Expenses
FinancingExpenses
32000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
327000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
350000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
281000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-140000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-359000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
288000 usd
MYSZ Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
390000 usd
MYSZ Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
19000 usd
MYSZ Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-503000 usd
MYSZ Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
176000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
74000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
311000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5858000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3984000 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
27000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-327000 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
42000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
822000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-39000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5857000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-97000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-10000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6321000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2035000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4622000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3809000 usd
us-gaap Stock Issued1
StockIssued1
457000 usd
MYSZ Restricted Shares Issued To Shareholders
RestrictedSharesIssuedToShareholders
2618000 usd
MYSZ Cash Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6310000 usd
MYSZ Cash Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6310000 usd
MYSZ Restricted Cash Period Increase Decrease Including Exchange Rate Effect
RestrictedCashPeriodIncreaseDecreaseIncludingExchangeRateEffect
11000 usd
MYSZ Restricted Cash Period Increase Decrease Including Exchange Rate Effect
RestrictedCashPeriodIncreaseDecreaseIncludingExchangeRateEffect
11000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-51121000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
327000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
28000 usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
17000 usd
CY2022Q3 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
46000 usd
CY2021Q3 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
24000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
350000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
165000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
118000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.9652 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0406 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
5000
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
4650000 shares
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
4650000 shares
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
53000 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
234000 usd
CY2022Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
9000 usd
CY2021Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
312000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
300000 usd
us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
1743781 shares
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
457000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
757000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
0 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
89000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
239000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
864000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
55000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
31000 usd
CY2022Q3 MYSZ Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Selling Platform
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSellingPlatform
378000 usd
CY2022Q3 MYSZ Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwill
268000 usd
CY2022Q3 MYSZ Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Short Term Credit
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedShortTermCredit
181000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
660000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
101000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
138000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
87000 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
757000 usd
CY2022Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
55000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1931000 usd
us-gaap Profit Loss
ProfitLoss
-5732000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
726000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-1975000 usd

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