2022 Q4 Form 10-Q Financial Statement

#000109690622002930 Filed on December 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $32.90K $26.20K $33.79K
YoY Change -2.32% -22.46% -39.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $32.90K $32.77K $33.79K
YoY Change -2.32% -3.02% -39.26%
Operating Profit -$32.77K -$33.79K
YoY Change -3.02%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$32.90K -$32.77K -$33.79K
YoY Change -2.32% -3.02% -39.26%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$32.90K -$32.77K -$33.79K
YoY Change -2.32% -3.02% -39.26%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$435.30 -$448.80
COMMON SHARES
Basic Shares Outstanding 75.29M shares 75.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.830K $15.61K $88.00K
YoY Change -83.02% -82.26% 201.78%
Cash & Equivalents $9.833K $15.61K
Short-Term Investments
Other Short-Term Assets $13.04K $2.330K $3.300K
YoY Change -7.71% -29.39% 65.0%
Inventory
Prepaid Expenses $13.04K $2.333K
Receivables
Other Receivables
Total Short-Term Assets $22.87K $17.94K $91.30K
YoY Change -68.25% -80.35% 193.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.00 $200.00 $200.00
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $195.00 $195.00 $200.00
YoY Change -2.5% -2.5% 0.0%
TOTAL ASSETS
Total Short-Term Assets $22.87K $17.94K $91.30K
Total Long-Term Assets $195.00 $195.00 $200.00
Total Assets $23.06K $18.14K $91.50K
YoY Change -68.07% -80.18% 191.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $248.8K $235.6K $158.6K
YoY Change 43.85% 48.52% 9.37%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.195M $1.157M $1.075M
YoY Change 9.65% 7.6% 1.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.195M $1.157M $1.075M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.195M $1.157M $1.075M
YoY Change 9.65% 7.6% 1.28%
SHAREHOLDERS EQUITY
Retained Earnings -$12.65M -$12.61M
YoY Change 1.23%
Common Stock $75.29K $75.29K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.171M -$1.139M -$983.6K
YoY Change
Total Liabilities & Shareholders Equity $23.06K $18.14K $91.50K
YoY Change -68.07% -80.18% 191.77%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$32.90K -$32.77K -$33.79K
YoY Change -2.32% -3.02% -39.26%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$30.37K -$11.18K -$16.89K
YoY Change 0.66% -33.81% -46.8%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.50K -3.250K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -30.37K -11.18K -16.89K
Cash From Investing Activities
Cash From Financing Activities 24.50K -3.250K 0.000
Net Change In Cash -5.870K -14.43K -16.89K
YoY Change -80.54% -14.56% 865.14%
FREE CASH FLOW
Cash From Operating Activities -$30.37K -$11.18K -$16.89K
Capital Expenditures
Free Cash Flow
YoY Change

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<p style="font:10pt Times New Roman;margin:0;text-align:justify">Use of Estimates</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The extent to which the COVID-19 pandemic may directly or indirectly impact our business, financial condition, and results of operations is highly uncertain and subject to change. We considered the potential impact of the COVID-19 pandemic on our estimates and assumptions and there was not a material impact to our unaudited consolidated financial statements as of and for the three and nine months ended September 30, 2022; however, actual results could differ from those estimates and there may be changes to our estimates in future periods.</p>
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