2021 Form 10-K Financial Statement
#000121390021065463 Filed on December 15, 2021
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $243.0K | |
| YoY Change | ||
| Cost Of Revenue | $275.9K | |
| YoY Change | ||
| Gross Profit | -$32.94K | |
| YoY Change | ||
| Gross Profit Margin | -13.56% | |
| Selling, General & Admin | $6.260M | $4.753M |
| YoY Change | 31.71% | 10.94% |
| % of Gross Profit | ||
| Research & Development | $3.925M | $2.076M |
| YoY Change | 89.09% | 35.74% |
| % of Gross Profit | ||
| Depreciation & Amortization | $80.75K | $47.61K |
| YoY Change | 69.61% | 72.69% |
| % of Gross Profit | ||
| Operating Expenses | $10.19M | $6.829M |
| YoY Change | 49.15% | 17.47% |
| Operating Profit | -$10.22M | -$6.829M |
| YoY Change | 49.63% | |
| Interest Expense | -$1.080K | -$6.720M |
| YoY Change | -99.98% | 1521.95% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $271.1K | |
| YoY Change | ||
| Pretax Income | -$13.64M | |
| YoY Change | 101.15% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$9.948M | -$13.64M |
| YoY Change | -27.07% | 101.15% |
| Net Earnings / Revenue | -4094.57% | |
| Basic Earnings Per Share | -$0.93 | |
| Diluted Earnings Per Share | -$930.0K | -$2.519M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 10.70M shares | |
| Diluted Shares Outstanding | 10.70M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $6.901M | $4.036M |
| YoY Change | 70.98% | 1448.0% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $244.0K | $118.6K |
| YoY Change | 105.75% | 189.29% |
| Inventory | $98.29K | |
| Prepaid Expenses | ||
| Receivables | $48.34K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $7.292M | $4.155M |
| YoY Change | 75.5% | 1276.97% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $512.3K | $448.2K |
| YoY Change | 14.29% | 761.5% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $646.5K | $604.8K |
| YoY Change | 6.9% | 161.95% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $7.292M | $4.155M |
| Total Long-Term Assets | $646.5K | $604.8K |
| Total Assets | $7.939M | $4.760M |
| YoY Change | 66.78% | 793.65% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $528.8K | $762.5K |
| YoY Change | -30.65% | -33.83% |
| Accrued Expenses | $644.3K | $512.8K |
| YoY Change | 25.64% | -16.99% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $1.007M |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.182M | $2.356M |
| YoY Change | -49.84% | 33.09% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $202.9K | $337.7K |
| YoY Change | -39.91% | |
| Total Long-Term Liabilities | $202.9K | $337.7K |
| YoY Change | -39.91% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.182M | $2.356M |
| Total Long-Term Liabilities | $202.9K | $337.7K |
| Total Liabilities | $1.385M | $2.694M |
| YoY Change | -48.6% | 52.16% |
| 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 | $6.554M | $2.066M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.939M | $4.760M |
| YoY Change | 66.78% | 793.65% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$9.948M | -$13.64M |
| YoY Change | -27.07% | 101.15% |
| Depreciation, Depletion And Amortization | $80.75K | $47.61K |
| YoY Change | 69.61% | 72.69% |
| Cash From Operating Activities | -$8.603M | -$3.425M |
| YoY Change | 151.16% | -36.52% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$67.08K | -$122.4K |
| YoY Change | -45.21% | -0.75% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$67.08K | -$122.4K |
| YoY Change | -45.21% | -0.75% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 11.53M | 7.323M |
| YoY Change | 57.51% | 26.99% |
| NET CHANGE | ||
| Cash From Operating Activities | -8.603M | -3.425M |
| Cash From Investing Activities | -67.08K | -122.4K |
| Cash From Financing Activities | 11.53M | 7.323M |
| Net Change In Cash | 2.865M | 3.776M |
| YoY Change | -24.12% | 1425.58% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$8.603M | -$3.425M |
| Capital Expenditures | -$67.08K | -$122.4K |
| Free Cash Flow | -$8.536M | -$3.303M |
| YoY Change | 158.43% | -37.36% |
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