2023 Q3 Form 10-Q Financial Statement

#000149315223028484 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $2.156M $1.290M $801.0K
YoY Change 196.97% 61.05% 2570.0%
Cost Of Revenue $780.0K $771.0K $479.0K
YoY Change -11.06% 60.96%
Gross Profit $1.376M $519.0K $322.0K
YoY Change -1011.26% 61.18% 973.33%
Gross Profit Margin 63.82% 40.23% 40.2%
Selling, General & Admin $2.239M $1.846M $1.584M
YoY Change 51.9% 16.54% 18.56%
% of Gross Profit 162.72% 355.68% 491.93%
Research & Development $242.0K $227.0K $390.0K
YoY Change -30.86% -41.79% -87.03%
% of Gross Profit 17.59% 43.74% 121.12%
Depreciation & Amortization $86.00K $70.00K $40.00K
YoY Change 115.0% 75.0% 300.0%
% of Gross Profit 6.25% 13.49% 12.42%
Operating Expenses $2.481M $2.073M $1.974M
YoY Change 36.02% 5.02% -54.55%
Operating Profit -$1.105M -$1.554M -$1.652M
YoY Change -44.05% -5.93% -61.7%
Interest Expense $13.00K $40.00K -$60.00K
YoY Change -126.0% -166.67% 100.0%
% of Operating Profit
Other Income/Expense, Net $22.00K $46.00K -$64.00K
YoY Change -143.14% -171.88% 137.04%
Pretax Income -$1.092M -$1.513M -$1.716M
YoY Change -46.1% -11.83% -60.46%
Income Tax $40.00K -$222.0K
% Of Pretax Income
Net Earnings -$1.132M -$1.291M -$1.716M
YoY Change -44.13% -24.77% -60.46%
Net Earnings / Revenue -52.5% -100.08% -214.23%
Basic Earnings Per Share -$0.44 $0.53 -$0.07
Diluted Earnings Per Share -$0.44 $0.53 $1.68
COMMON SHARES
Basic Shares Outstanding 2.439M shares 2.447M shares 25.46M shares
Diluted Shares Outstanding 2.559M shares 2.444M shares 1.019M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.695M $1.130M $6.460M
YoY Change -15.25% -82.51% 34.02%
Cash & Equivalents $3.695M $1.127M $6.462M
Short-Term Investments
Other Short-Term Assets $72.00K $120.0K $260.0K
YoY Change -72.31% -53.85% -3.7%
Inventory $2.395M $1.043M $1.223M
Prepaid Expenses
Receivables $690.0K $754.0K $175.0K
Other Receivables $1.218M $950.0K $950.0K
Total Short-Term Assets $8.070M $3.992M $9.078M
YoY Change 20.13% -56.03% 70.32%
LONG-TERM ASSETS
Property, Plant & Equipment $112.0K $130.0K $153.0K
YoY Change -22.22% -15.03% -83.89%
Goodwill $1.401M $1.403M $268.0K
YoY Change 422.76% 423.51%
Intangibles $1.149M $1.228M $326.0K
YoY Change 290.82% 276.69%
Long-Term Investments $73.00K $80.00K $100.0K
YoY Change -8.75% -20.0% 25.0%
Other Assets $26.00K $30.00K $30.00K
YoY Change -13.33% 0.0%
Total Long-Term Assets $3.133M $3.302M $1.588M
YoY Change 112.7% 107.93% 54.17%
TOTAL ASSETS
Total Short-Term Assets $8.070M $3.992M $9.078M
Total Long-Term Assets $3.133M $3.302M $1.588M
Total Assets $11.20M $7.294M $10.67M
YoY Change 36.77% -31.61% 67.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.617M $1.530M $1.830M
YoY Change 93.85% -16.39% 140.79%
Accrued Expenses $137.0K $150.0K $170.0K
YoY Change -23.89% -11.76% 30.77%
Deferred Revenue
YoY Change
Short-Term Debt $230.0K $152.0K $180.0K
YoY Change 15.0% -15.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.573M $3.107M $2.382M
YoY Change 114.19% 30.44% 167.64%
LONG-TERM LIABILITIES
Long-Term Debt $268.0K $306.0K $97.00K
YoY Change 211.63% 215.46%
Other Long-Term Liabilities $156.0K $200.0K $420.0K
YoY Change -57.84% -52.38% -19.23%
Total Long-Term Liabilities $698.0K $754.0K $589.0K
YoY Change 33.72% 28.01% 13.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.573M $3.107M $2.382M
Total Long-Term Liabilities $698.0K $754.0K $589.0K
Total Liabilities $5.271M $3.861M $2.971M
YoY Change 98.38% 29.96% 110.71%
SHAREHOLDERS EQUITY
Retained Earnings -$58.58M -$57.45M -$49.10M
YoY Change 14.59% 17.01%
Common Stock $3.000K $2.000K $26.00K
YoY Change -88.46% -92.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.932M $3.433M $7.695M
YoY Change
Total Liabilities & Shareholders Equity $11.20M $7.294M $10.67M
YoY Change 36.77% -31.61% 67.7%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.132M -$1.291M -$1.716M
YoY Change -44.13% -24.77% -60.46%
Depreciation, Depletion And Amortization $86.00K $70.00K $40.00K
YoY Change 115.0% 75.0% 300.0%
Cash From Operating Activities -$1.270M -$1.330M -$1.490M
YoY Change -29.05% -10.74% 6.43%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $10.00K
YoY Change -100.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 -$10.00K
YoY Change -100.0% -105.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.634M -30.00K -30.00K
YoY Change -18270.0% 0.0% -106.52%
NET CHANGE
Cash From Operating Activities -1.270M -1.330M -1.490M
Cash From Investing Activities 0.000 0.000 -10.00K
Cash From Financing Activities 3.634M -30.00K -30.00K
Net Change In Cash 2.364M -1.360M -1.530M
YoY Change -230.61% -11.11% 98.7%
FREE CASH FLOW
Cash From Operating Activities -$1.270M -$1.330M -$1.490M
Capital Expenditures $0.00 $0.00 $10.00K
Free Cash Flow -$1.270M -$1.330M -$1.500M
YoY Change -29.05% -11.33% 6.38%

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WeightedAverageNumberOfDilutedSharesOutstanding
1005120 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2444146 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2444146 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1018550 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1018550 shares
us-gaap Inventory Write Down
InventoryWriteDown
643000 usd
CY2023Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1:25 reverse stock split
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4536000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
222000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
341000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2658000 usd
mysz Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
1000 usd
mysz Stock Issued During Period Value Comprehensive Loss
StockIssuedDuringPeriodValueComprehensiveLoss
-3984000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
3433000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
10857000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
162000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
458000 usd
mysz Stock Issued During Period Value Comprehensive Loss
StockIssuedDuringPeriodValueComprehensiveLoss
-3782000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
7695000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
4662000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
86000 usd
CY2023Q2 mysz Stock Issued During Period Value Comprehensive Loss
StockIssuedDuringPeriodValueComprehensiveLoss
-1315000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
3433000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
9298000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3904000 usd
us-gaap Depreciation
Depreciation
16000 usd
us-gaap Depreciation
Depreciation
23000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
88000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
20000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
151000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53000 usd
mysz Change In Warrants And Derivatives
ChangeInWarrantsAndDerivatives
37000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-76000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
11000 usd
us-gaap Interest Paid
InterestPaid
11000 usd
mysz Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
-23000 usd
mysz Revaluation Of Investment In Marketable Securities
RevaluationOfInvestmentInMarketableSecurities
-11000 usd
mysz Increase Decrease In Investment In Joint Venture
IncreaseDecreaseInInvestmentInJointVenture
39000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
222000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
162000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
95000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
455000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-36000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-12000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1119000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
55000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-68000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
205000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
170000 usd
mysz Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-888000 usd
mysz Increase Decrease In Trade Payable
IncreaseDecreaseInTradePayable
-300000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
15000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
520000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3640000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4070000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
300000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-325000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2658000 usd
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
18000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
62000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
42000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2596000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-69000 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 Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1113000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4218000 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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1250000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6725000 usd
mysz Noncash Or Part Noncash Acquisition Issuance Of Shares
NoncashOrPartNoncashAcquisitionIssuanceOfShares
457000 usd
CY2023Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
973000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
140000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-57446000 usd
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
21000 usd
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
11000 usd
CY2023Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
7000 usd
CY2022Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
22000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
222000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
162000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
86000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
48000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
8000 usd
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.805

Files In Submission

Name View Source Status
mysz-20230630_pre.xml Edgar Link unprocessable
0001493152-23-028484-index-headers.html Edgar Link pending
0001493152-23-028484-index.html Edgar Link pending
0001493152-23-028484.txt Edgar Link pending
0001493152-23-028484-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
mysz-20230630.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
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R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
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R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
mysz-20230630_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
mysz-20230630_def.xml Edgar Link unprocessable
mysz-20230630_lab.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
report.css Edgar Link pending
Show.js Edgar Link pending