2022 Form 10-K Financial Statement
#000121390022022425 Filed on April 29, 2022
Income Statement
| Concept | 2022 | 2021 Q1 | 2021 |
|---|---|---|---|
| Revenue | $1.422M | $348.1K | $943.7K |
| YoY Change | 50.7% | 1677.78% | 154.61% |
| Cost Of Revenue | $917.8K | $161.7K | $582.4K |
| YoY Change | 57.6% | 28.12% | 6.06% |
| Gross Profit | $504.3K | $186.4K | $361.3K |
| YoY Change | 39.57% | -274.74% | -302.47% |
| Gross Profit Margin | 35.46% | 53.54% | 38.29% |
| Selling, General & Admin | $4.023M | $2.368M | $2.957M |
| YoY Change | 36.03% | 364.83% | 65.12% |
| % of Gross Profit | 797.69% | 1270.69% | 818.46% |
| Research & Development | $411.4K | ||
| YoY Change | |||
| % of Gross Profit | 81.57% | ||
| Depreciation & Amortization | $308.7K | $76.55K | $160.1K |
| YoY Change | 92.83% | 324.1% | 121.79% |
| % of Gross Profit | 61.22% | 41.08% | 44.31% |
| Operating Expenses | $4.434M | $2.368M | $0.00 |
| YoY Change | 364.83% | -100.0% | |
| Operating Profit | -$3.930M | -$2.182M | $361.3K |
| YoY Change | -1187.65% | 254.12% | -118.35% |
| Interest Expense | -$118.4K | -$73.85K | -$258.6K |
| YoY Change | -54.21% | -184.71% | -1771.56% |
| % of Operating Profit | -71.57% | ||
| Other Income/Expense, Net | $6.615M | $0.00 | |
| YoY Change | -100.0% | ||
| Pretax Income | -$6.176M | -$2.252M | -$2.933M |
| YoY Change | 110.59% | 138.47% | 7.76% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$6.176M | -$2.252M | -$2.933M |
| YoY Change | 110.59% | 138.47% | 7.76% |
| Net Earnings / Revenue | -434.28% | -647.02% | -310.78% |
| Basic Earnings Per Share | -$0.80 | ||
| Diluted Earnings Per Share | -$778.5K | -$312.7K | -$435.6K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.933M shares | ||
| Diluted Shares Outstanding | 7.933M shares |
Balance Sheet
| Concept | 2022 | 2021 Q1 | 2021 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $4.892M | $152.0K | $152.0K |
| YoY Change | 3118.55% | 1393.03% | 1393.03% |
| Cash & Equivalents | $4.892M | $152.0K | $152.0K |
| Short-Term Investments | |||
| Other Short-Term Assets | $370.5K | ||
| YoY Change | |||
| Inventory | $131.7K | $52.85K | $52.85K |
| Prepaid Expenses | |||
| Receivables | $71.38K | $109.4K | $109.4K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $5.465M | $314.2K | $314.2K |
| YoY Change | 1639.51% | 627.63% | 627.63% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $998.3K | $1.077M | $1.077M |
| YoY Change | -7.27% | 792.43% | 792.43% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $7.274M | $9.613M | $9.613M |
| YoY Change | -24.33% | 346.18% | 346.18% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.465M | $314.2K | $314.2K |
| Total Long-Term Assets | $7.274M | $9.613M | $9.613M |
| Total Assets | $12.74M | $9.927M | $9.927M |
| YoY Change | 28.33% | 351.71% | 351.71% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $639.5K | $940.6K | $940.6K |
| YoY Change | -32.01% | 21.85% | 21.85% |
| Accrued Expenses | $19.33K | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $1.403M | $1.403M |
| YoY Change | -100.0% | 350.15% | 1352.34% |
| Long-Term Debt Due | $14.12K | $138.6K | $138.6K |
| YoY Change | -89.81% | -35.52% | -35.52% |
| Total Short-Term Liabilities | $779.3K | $2.569M | $2.569M |
| YoY Change | -69.66% | 27.01% | 27.01% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $101.1K | $246.9K | $246.9K |
| YoY Change | -59.04% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $101.1K | $246.9K | $246.9K |
| YoY Change | -59.04% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $779.3K | $2.569M | $2.569M |
| Total Long-Term Liabilities | $101.1K | $246.9K | $246.9K |
| Total Liabilities | $880.4K | $2.815M | $2.815M |
| YoY Change | -68.73% | 39.22% | 39.22% |
| 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 | $11.86M | $7.112M | $7.112M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $12.74M | $9.927M | $9.927M |
| YoY Change | 28.33% | 351.71% | 351.71% |
Cashflow Statement
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