2022 Q1 Form 10-Q Financial Statement
#000138713122006220 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $8.156M | $7.072M |
| YoY Change | 15.33% | 75.09% |
| Cost Of Revenue | $5.988M | $5.042M |
| YoY Change | 18.76% | 67.79% |
| Gross Profit | $2.168M | $2.030M |
| YoY Change | 6.8% | 96.32% |
| Gross Profit Margin | 26.58% | 28.7% |
| Selling, General & Admin | $1.397M | $1.034M |
| YoY Change | 35.11% | 46.67% |
| % of Gross Profit | 64.44% | 50.94% |
| Research & Development | $666.0K | $499.0K |
| YoY Change | 33.47% | 34.14% |
| % of Gross Profit | 30.72% | 24.58% |
| Depreciation & Amortization | $136.0K | $101.0K |
| YoY Change | 34.65% | 17.44% |
| % of Gross Profit | 6.27% | 4.98% |
| Operating Expenses | $2.063M | $1.533M |
| YoY Change | 34.57% | 42.34% |
| Operating Profit | $105.0K | $497.0K |
| YoY Change | -78.87% | -1255.81% |
| Interest Expense | -$43.00K | -$139.0K |
| YoY Change | -69.06% | 12.1% |
| % of Operating Profit | -40.95% | -27.97% |
| Other Income/Expense, Net | $0.00 | |
| YoY Change | ||
| Pretax Income | $62.00K | $1.310M |
| YoY Change | -95.27% | -884.43% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $62.00K | $1.310M |
| YoY Change | -95.27% | -884.43% |
| Net Earnings / Revenue | 0.76% | 18.52% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $1.214K | $29.29K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 48.98M shares | |
| Diluted Shares Outstanding | 51.06M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $897.0K | $1.819M |
| YoY Change | -50.69% | 91.27% |
| Cash & Equivalents | $897.0K | $1.819M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.005M | $653.0K |
| YoY Change | 53.91% | 152.12% |
| Inventory | $8.559M | $5.001M |
| Prepaid Expenses | ||
| Receivables | $5.274M | $3.828M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $15.74M | $11.30M |
| YoY Change | 39.24% | 93.25% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $16.72M | $4.890M |
| YoY Change | 241.82% | 11.44% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $7.000K | $10.00K |
| YoY Change | -30.0% | -16.67% |
| Total Long-Term Assets | $16.72M | $4.900M |
| YoY Change | 241.27% | 11.36% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $15.74M | $11.30M |
| Total Long-Term Assets | $16.72M | $4.900M |
| Total Assets | $32.46M | $16.20M |
| YoY Change | 100.34% | 58.09% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.953M | $2.448M |
| YoY Change | 102.33% | 42.91% |
| Accrued Expenses | $1.851M | $1.532M |
| YoY Change | 20.82% | 73.89% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $3.709M | $3.865M |
| YoY Change | -4.04% | 103.42% |
| Long-Term Debt Due | $70.00K | $668.0K |
| YoY Change | -89.52% | -5.52% |
| Total Short-Term Liabilities | $11.43M | $9.008M |
| YoY Change | 26.9% | 63.13% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.004M | $1.237M |
| YoY Change | -18.84% | 8.7% |
| Other Long-Term Liabilities | $12.27M | $1.872M |
| YoY Change | 555.66% | -14.6% |
| Total Long-Term Liabilities | $13.28M | $3.109M |
| YoY Change | 327.08% | -6.64% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $11.43M | $9.008M |
| Total Long-Term Liabilities | $13.28M | $3.109M |
| Total Liabilities | $24.71M | $12.12M |
| YoY Change | 103.92% | 36.88% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $7.748M | $4.084M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $32.46M | $16.20M |
| YoY Change | 100.34% | 58.09% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $62.00K | $1.310M |
| YoY Change | -95.27% | -884.43% |
| Depreciation, Depletion And Amortization | $136.0K | $101.0K |
| YoY Change | 34.65% | 17.44% |
| Cash From Operating Activities | -$1.775M | -$137.0K |
| YoY Change | 1195.62% | -88.39% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$378.0K | -$166.0K |
| YoY Change | 127.71% | -8.29% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$378.0K | -$166.0K |
| YoY Change | 127.71% | -8.29% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 2.393M | 1.165M |
| YoY Change | 105.41% | 4.2% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.775M | -137.0K |
| Cash From Investing Activities | -378.0K | -166.0K |
| Cash From Financing Activities | 2.393M | 1.165M |
| Net Change In Cash | 240.0K | 862.0K |
| YoY Change | -72.16% | -454.73% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.775M | -$137.0K |
| Capital Expenditures | -$378.0K | -$166.0K |
| Free Cash Flow | -$1.397M | $29.00K |
| YoY Change | -4917.24% | -102.9% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7072000 | USD |
| CY2022Q1 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | nanx |
Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
|
USD | |
| CY2022Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
USD | |
| CY2022Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2021Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
USD |
