2023 Q2 Form 10-Q Financial Statement

#000149315223017439 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $1.290M $720.0K $400.0K
YoY Change 61.05% 80.0% 1233.33%
Cost Of Revenue $771.0K $1.147M $250.0K
YoY Change 60.96% 358.8%
Gross Profit $519.0K -$427.0K $38.00K
YoY Change 61.18% -1223.68% 26.67%
Gross Profit Margin 40.23% -59.31% 9.5%
Selling, General & Admin $1.846M $1.723M $1.846M
YoY Change 16.54% -6.66% 57.78%
% of Gross Profit 355.68% 4857.89%
Research & Development $227.0K $342.0K $412.0K
YoY Change -41.79% -16.99% 11.35%
% of Gross Profit 43.74% 1084.21%
Depreciation & Amortization $70.00K $27.00K $36.00K
YoY Change 75.0% -25.0% 260.0%
% of Gross Profit 13.49% 94.74%
Operating Expenses $2.073M $2.065M $2.258M
YoY Change 5.02% -8.55% 46.62%
Operating Profit -$1.554M -$2.492M -$2.105M
YoY Change -5.93% 18.38% 39.4%
Interest Expense $40.00K -$180.0K -$80.00K
YoY Change -166.67% 125.0% -233.33%
% of Operating Profit
Other Income/Expense, Net $46.00K -$146.0K -$83.00K
YoY Change -171.88% 75.9%
Pretax Income -$1.513M -$2.672M -$2.188M
YoY Change -11.83% 22.12% 49.86%
Income Tax -$222.0K -$18.00K
% Of Pretax Income
Net Earnings -$1.291M -$2.654M -$2.188M
YoY Change -24.77% 21.3% 49.86%
Net Earnings / Revenue -100.08% -368.61% -547.0%
Basic Earnings Per Share $0.53 -$1.68 -$2.25
Diluted Earnings Per Share $0.53 -$1.68 -$2.21
COMMON SHARES
Basic Shares Outstanding 2.447M shares 2.447M shares 501.8K shares
Diluted Shares Outstanding 2.444M shares 197.8K shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.130M $2.420M $7.840M
YoY Change -82.51% -69.13% 36.11%
Cash & Equivalents $1.127M $2.415M $8.112M
Short-Term Investments
Other Short-Term Assets $120.0K $260.0K $270.0K
YoY Change -53.85% -3.7% 0.0%
Inventory $1.043M $491.0K $1.100M
Prepaid Expenses
Receivables $754.0K $1.008M $130.0K
Other Receivables $950.0K $780.0K $1.200M
Total Short-Term Assets $3.992M $4.953M $10.54M
YoY Change -56.03% -53.01% 65.2%
LONG-TERM ASSETS
Property, Plant & Equipment $130.0K $107.0K $990.0K
YoY Change -15.03% -89.19% 4.21%
Goodwill $1.403M $1.412M
YoY Change 423.51%
Intangibles $1.228M $1.313M
YoY Change 276.69%
Long-Term Investments $80.00K $100.0K $90.00K
YoY Change -20.0% 11.11% -18.18%
Other Assets $30.00K $30.00K $30.00K
YoY Change 0.0% 0.0%
Total Long-Term Assets $3.302M $3.515M $1.740M
YoY Change 107.93% 102.01% 64.15%
TOTAL ASSETS
Total Short-Term Assets $3.992M $4.953M $10.54M
Total Long-Term Assets $3.302M $3.515M $1.740M
Total Assets $7.294M $8.468M $12.28M
YoY Change -31.61% -31.04% 65.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.530M $1.770M $1.840M
YoY Change -16.39% -3.8% 166.67%
Accrued Expenses $150.0K $160.0K $180.0K
YoY Change -11.76% -11.11% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $152.0K $158.0K $230.0K
YoY Change -15.56% -31.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.107M $2.851M $2.250M
YoY Change 30.44% 26.71% 174.39%
LONG-TERM LIABILITIES
Long-Term Debt $306.0K $342.0K $140.0K
YoY Change 215.46% 144.29%
Other Long-Term Liabilities $200.0K $300.0K $510.0K
YoY Change -52.38% -41.18% -3.77%
Total Long-Term Liabilities $754.0K $955.0K $650.0K
YoY Change 28.01% 46.92% 22.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.107M $2.851M $2.250M
Total Long-Term Liabilities $754.0K $955.0K $650.0K
Total Liabilities $3.861M $3.806M $2.980M
YoY Change 29.96% 27.72% 120.74%
SHAREHOLDERS EQUITY
Retained Earnings -$57.45M -$56.16M
YoY Change 17.01%
Common Stock $2.000K $2.000K
YoY Change -92.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.433M $4.662M $9.298M
YoY Change
Total Liabilities & Shareholders Equity $7.294M $8.468M $12.28M
YoY Change -31.61% -31.04% 65.05%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.291M -$2.654M -$2.188M
YoY Change -24.77% 21.3% 49.86%
Depreciation, Depletion And Amortization $70.00K $27.00K $36.00K
YoY Change 75.0% -25.0% 260.0%
Cash From Operating Activities -$1.330M -$2.313M -$2.579M
YoY Change -10.74% -10.31% 103.07%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $21.00K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$300.0K
YoY Change -100.0%
Cash From Investing Activities $0.00 -$321.0K
YoY Change -100.0%
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 -30.00K $2.634M $7.000K
YoY Change 0.0% 37528.57% -99.87%
NET CHANGE
Cash From Operating Activities -1.330M -$2.313M -$2.579M
Cash From Investing Activities 0.000 -$321.0K
Cash From Financing Activities -30.00K $2.634M $7.000K
Net Change In Cash -1.360M $313.0K -$2.831M
YoY Change -11.11% -111.06% -169.05%
FREE CASH FLOW
Cash From Operating Activities -$1.330M -$2.313M -$2.579M
Capital Expenditures $0.00 $21.00K
Free Cash Flow -$1.330M -$2.313M -$2.600M
YoY Change -11.33% -11.04% 104.72%

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-14000 usd
CY2022Q1 mysz Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
-14000 usd
CY2023Q1 mysz Increase Decrease In Investment In Joint Venture
IncreaseDecreaseInInvestmentInJointVenture
34000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
136000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
114000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-481000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
223000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-18000 usd
CY2022Q1 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-5000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-903000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-37000 usd
CY2023Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
30000 usd
CY2022Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
391000 usd
CY2023Q1 mysz Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-1403000 usd
CY2022Q1 mysz Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-178000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
152000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
91000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2313000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2579000 usd
CY2022Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
300000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-321000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2659000 usd
CY2022Q1 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
18000 usd
CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25000 usd
CY2022Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
11000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2634000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
62000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
313000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2831000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2363000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10943000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2676000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8112000 usd
CY2022Q1 mysz Noncash Or Part Noncash Acquisition Issuance Of Shares
NoncashOrPartNoncashAcquisitionIssuanceOfShares
457000 usd
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6311000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
2000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-56155000 usd
CY2023Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
14000 usd
CY2022Q1 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
14000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
136000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
114000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
720000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-2492000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4459000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-8110000 usd

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ex31-1.htm Edgar Link pending
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form10-q.htm Edgar Link pending
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mysz-20230331.xsd Edgar Link pending
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mysz-20230331_lab.xml Edgar Link unprocessable
mysz-20230331_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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