2021 Q4 Form 10-K Financial Statement
#000149315222008526 Filed on March 31, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $189.3K | $438.1K | $170.0K |
| YoY Change | 11.35% | 90.5% | 240.0% |
| Cost Of Revenue | $68.01K | $135.9K | $20.00K |
| YoY Change | 240.05% | 239.85% | -60.0% |
| Gross Profit | $121.3K | $302.2K | $150.0K |
| YoY Change | -19.14% | 59.05% | |
| Gross Profit Margin | 64.07% | 68.97% | 88.24% |
| Selling, General & Admin | $1.517M | $4.447M | $230.0K |
| YoY Change | 559.69% | 297.06% | -25.81% |
| % of Gross Profit | 1250.95% | 1471.58% | 153.33% |
| Research & Development | $159.4K | $500.5K | $80.00K |
| YoY Change | 99.24% | 19.17% | -66.67% |
| % of Gross Profit | 131.41% | 165.63% | 53.33% |
| Depreciation & Amortization | $22.20K | $57.20K | $10.00K |
| YoY Change | 122.0% | 14.4% | -50.0% |
| % of Gross Profit | 18.3% | 18.93% | 6.67% |
| Operating Expenses | $1.693M | $5.006M | $300.0K |
| YoY Change | 464.32% | 222.96% | -45.45% |
| Operating Profit | -$1.572M | -$4.704M | -$150.0K |
| YoY Change | 947.78% | 245.86% | -72.73% |
| Interest Expense | $2.100K | -$18.01K | -$60.00K |
| YoY Change | -103.5% | -92.5% | 200.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | -$143.7K | $0.00 |
| YoY Change | 259.33% | ||
| Pretax Income | -$1.570M | -$4.865M | -$220.0K |
| YoY Change | 613.44% | 202.2% | -61.4% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.560M | -$4.821M | -$220.0K |
| YoY Change | 608.94% | 203.18% | -60.71% |
| Net Earnings / Revenue | -823.91% | -1100.24% | -129.41% |
| Basic Earnings Per Share | -$2.06 | ||
| Diluted Earnings Per Share | -$555.6K | -$2.057M | -$137.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 2.343M shares | 11.20M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $6.751M | $6.751M | $240.0K |
| YoY Change | 2712.89% | 2712.89% | -17.24% |
| Cash & Equivalents | $6.751M | $6.751M | $242.9K |
| Short-Term Investments | |||
| Other Short-Term Assets | $226.3K | $282.9K | $90.00K |
| YoY Change | 151.39% | 214.37% | 80.0% |
| Inventory | $22.60K | $22.60K | $20.00K |
| Prepaid Expenses | |||
| Receivables | $172.6K | $172.6K | $150.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $7.229M | $7.229M | $500.0K |
| YoY Change | 1345.82% | 1345.82% | 19.05% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $100.9K | $230.6K | $70.00K |
| YoY Change | 44.21% | 229.37% | -46.15% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $137.6K | $137.6K | $120.0K |
| YoY Change | 14.69% | 14.69% | 9.09% |
| Total Long-Term Assets | $368.2K | $368.2K | $190.0K |
| YoY Change | 93.78% | 93.78% | -20.83% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $7.229M | $7.229M | $500.0K |
| Total Long-Term Assets | $368.2K | $368.2K | $190.0K |
| Total Assets | $7.597M | $7.597M | $690.0K |
| YoY Change | 1001.05% | 1001.06% | 4.55% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $539.4K | $539.4K | $200.0K |
| YoY Change | 169.68% | 169.68% | -16.67% |
| Accrued Expenses | $184.6K | ||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $8.390K | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $8.390K | $8.390K | $60.00K |
| YoY Change | -86.02% | -86.02% | 500.0% |
| Total Short-Term Liabilities | $931.3K | $931.3K | $790.0K |
| YoY Change | 17.89% | 17.89% | 27.42% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $210.0K | |
| YoY Change | -100.0% | -30.0% | |
| Other Long-Term Liabilities | $253.4K | $253.4K | $160.0K |
| YoY Change | 58.35% | 58.35% | 14.29% |
| Total Long-Term Liabilities | $0.00 | $253.4K | $370.0K |
| YoY Change | -100.0% | -31.52% | -15.91% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $931.3K | $931.3K | $790.0K |
| Total Long-Term Liabilities | $0.00 | $253.4K | $370.0K |
| Total Liabilities | $1.185M | $1.114M | $1.120M |
| YoY Change | 5.77% | -0.54% | 6.67% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$17.10M | ||
| YoY Change | |||
| Common Stock | $281.00 | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $6.483M | $6.483M | -$440.0K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $7.597M | $7.597M | $690.0K |
| YoY Change | 1001.05% | 1001.06% | 4.55% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.560M | -$4.821M | -$220.0K |
| YoY Change | 608.94% | 203.18% | -60.71% |
| Depreciation, Depletion And Amortization | $22.20K | $57.20K | $10.00K |
| YoY Change | 122.0% | 14.4% | -50.0% |
| Cash From Operating Activities | -$928.6K | -$4.098M | -$180.0K |
| YoY Change | 415.91% | 412.28% | -50.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$52.39K | -$67.75K | $0.00 |
| YoY Change | -100.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$6.640K | -$15.04K | $10.00K |
| YoY Change | -166.4% | -250.4% | |
| Cash From Investing Activities | -$59.03K | -$82.79K | $10.00K |
| YoY Change | -690.3% | -927.9% | -150.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $7.875K | ||
| YoY Change | |||
| Cash From Financing Activities | -20.74K | 10.73M | 100.0K |
| YoY Change | -120.74% | 1349.33% | -73.68% |
| NET CHANGE | |||
| Cash From Operating Activities | -928.6K | -4.098M | -180.0K |
| Cash From Investing Activities | -59.03K | -82.79K | 10.00K |
| Cash From Financing Activities | -20.74K | 10.73M | 100.0K |
| Net Change In Cash | -1.008M | 6.544M | -70.00K |
| YoY Change | 1340.59% | -13187.92% | 60129542143999940.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$928.6K | -$4.098M | -$180.0K |
| Capital Expenditures | -$52.39K | -$67.75K | $0.00 |
| Free Cash Flow | -$876.3K | -$4.031M | -$180.0K |
| YoY Change | 386.81% | 403.82% | -47.06% |
Facts In Submission
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|---|---|---|---|---|
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