2022 Q1 Form 10-Q Financial Statement
#000121390022027137 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $127.2K | $96.73K |
| YoY Change | 31.47% | -19.04% |
| Cost Of Revenue | $146.8K | $102.9K |
| YoY Change | 42.61% | -34.56% |
| Gross Profit | -$19.60K | -$6.190K |
| YoY Change | 216.64% | -83.62% |
| Gross Profit Margin | -15.41% | -6.4% |
| Selling, General & Admin | $313.9K | $384.7K |
| YoY Change | -18.4% | 16.69% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | |
| YoY Change | -100.0% | |
| % of Gross Profit | ||
| Operating Expenses | $313.9K | $385.0K |
| YoY Change | -18.48% | 16.81% |
| Operating Profit | -$333.5K | -$391.2K |
| YoY Change | -14.76% | 6.48% |
| Interest Expense | -$21.66K | -$1.225M |
| YoY Change | -98.23% | 447.54% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$78.63K | -$380.9K |
| YoY Change | -79.36% | 84553.33% |
| Pretax Income | -$433.8K | -$1.940M |
| YoY Change | -77.64% | 77.71% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$433.8K | -$1.940M |
| YoY Change | -77.64% | 77.71% |
| Net Earnings / Revenue | -341.09% | -2005.28% |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$4.834K | -$26.14K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 89.73M shares | |
| Diluted Shares Outstanding | 89.73M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $522.1K | $73.18K |
| YoY Change | 613.39% | -33.53% |
| Cash & Equivalents | $522.1K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $155.8K | $251.8K |
| YoY Change | -38.13% | -56.65% |
| Inventory | $291.8K | $344.9K |
| Prepaid Expenses | ||
| Receivables | $85.11K | $44.03K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $1.055M | $713.9K |
| YoY Change | 47.75% | -30.53% |
| 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 | $0.00 |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.055M | $713.9K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $1.055M | $713.9K |
| YoY Change | 47.75% | -30.53% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $180.7K | $1.393M |
| YoY Change | -87.03% | 14.8% |
| Accrued Expenses | $3.000K | $291.2K |
| YoY Change | -98.97% | 2820.56% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $159.6K | $2.078M |
| YoY Change | -92.32% | 15.75% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $343.3K | $5.075M |
| YoY Change | -93.24% | 9.9% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | |
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $343.3K | $5.075M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $343.3K | $5.075M |
| YoY Change | -93.24% | 9.9% |
| 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 | $711.4K | -$4.361M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.055M | $713.9K |
| YoY Change | 47.75% | -30.53% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$433.8K | -$1.940M |
| YoY Change | -77.64% | 77.71% |
| Depreciation, Depletion And Amortization | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Operating Activities | -$288.4K | -$223.3K |
| YoY Change | 29.2% | -47.98% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | $0.00 | |
| 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 | 16.00K | 178.9K |
| YoY Change | -91.06% | -54.36% |
| NET CHANGE | ||
| Cash From Operating Activities | -288.4K | -223.3K |
| Cash From Investing Activities | 0.000 | |
| Cash From Financing Activities | 16.00K | 178.9K |
| Net Change In Cash | -272.4K | -44.36K |
| YoY Change | 514.18% | 19.41% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$288.4K | -$223.3K |
| Capital Expenditures | $0.00 | |
| Free Cash Flow | -$223.3K | |
| YoY Change | -47.98% |
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