2024 Q4 Form 10-Q Financial Statement

#000168316824007816 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $590.2K
YoY Change -22.76%
Cost Of Revenue $497.4K
YoY Change -22.64%
Gross Profit $92.85K
YoY Change -23.38%
Gross Profit Margin 15.73%
Selling, General & Admin $1.050M
YoY Change 87.52%
% of Gross Profit 1131.02%
Research & Development $8.617K
YoY Change
% of Gross Profit 9.28%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.059M
YoY Change 90.71%
Operating Profit -$965.9K
YoY Change 122.56%
Interest Expense $1.400K
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.395K
YoY Change -73.54%
Pretax Income -$964.5K
YoY Change 124.3%
Income Tax
% Of Pretax Income
Net Earnings -$964.5K
YoY Change 124.97%
Net Earnings / Revenue -163.41%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03
COMMON SHARES
Basic Shares Outstanding 33.36M shares 33.25M shares
Diluted Shares Outstanding 33.24M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $393.4K
YoY Change -78.38%
Cash & Equivalents $393.4K
Short-Term Investments
Other Short-Term Assets $38.41K
YoY Change -23.18%
Inventory $1.768M
Prepaid Expenses
Receivables $1.951M
Other Receivables $0.00
Total Short-Term Assets $4.150M
YoY Change -32.76%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $4.150M
Total Long-Term Assets $0.00
Total Assets $4.150M
YoY Change -32.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $216.3K
YoY Change
Accrued Expenses $37.44K
YoY Change -25.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $253.8K
YoY Change 413.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $253.8K
Total Long-Term Liabilities $0.00
Total Liabilities $253.8K
YoY Change 407.56%
SHAREHOLDERS EQUITY
Retained Earnings -$21.71M
YoY Change 15.05%
Common Stock $33.25K
YoY Change 0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.896M
YoY Change
Total Liabilities & Shareholders Equity $4.150M
YoY Change -32.76%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$964.5K
YoY Change 124.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$593.0K
YoY Change 231.14%
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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -$593.0K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -$593.0K
YoY Change 231.14%
FREE CASH FLOW
Cash From Operating Activities -$593.0K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_849_eus-gaap--UseOfEstimates_zDNsru8vHBx3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i><span id="xdx_86B_zTy5twqYMe61">Use of Estimates</span></i> – Management has made a number of estimates and assumptions in preparing these financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
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Files In Submission

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