2021 Q4 Form 10-K Financial Statement
#000149315222007671 Filed on March 24, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $349.2K | $1.652M | $807.5K |
| YoY Change | 105.44% | 104.56% | 100.64% |
| Cost Of Revenue | $150.5K | $560.0K | $592.0K |
| YoY Change | -20.81% | -5.4% | 3.08% |
| Gross Profit | $198.8K | $1.092M | $215.5K |
| YoY Change | -1093.85% | 406.57% | -225.42% |
| Gross Profit Margin | 56.92% | 66.1% | 26.69% |
| Selling, General & Admin | $1.900M | $7.003M | $4.312M |
| YoY Change | 77.55% | 62.41% | -4.37% |
| % of Gross Profit | 955.75% | 641.39% | 2000.52% |
| Research & Development | $281.7K | $890.6K | $351.4K |
| YoY Change | 156.13% | 153.43% | -45.77% |
| % of Gross Profit | 141.74% | 81.57% | 163.04% |
| Depreciation & Amortization | $17.61K | $94.11K | $105.2K |
| YoY Change | -11.95% | -10.52% | -45.38% |
| % of Gross Profit | 8.86% | 8.62% | 48.8% |
| Operating Expenses | $2.594M | $9.571M | $5.914M |
| YoY Change | 76.48% | 61.83% | -4.79% |
| Operating Profit | -$2.395M | -$8.479M | -$5.699M |
| YoY Change | 60.77% | 48.79% | -10.73% |
| Interest Expense | -$1.950K | $2.340K | $137.1K |
| YoY Change | -98.29% | 140.28% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | $1.092M | $361.7K |
| YoY Change | 202.03% | 6179.51% | |
| Pretax Income | -$2.397M | -$7.385M | -$5.200M |
| YoY Change | 60.9% | 42.01% | -17.73% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$2.397M | -$7.385M | -$5.200M |
| YoY Change | 54.67% | 42.01% | -17.73% |
| Net Earnings / Revenue | -686.47% | -447.07% | -643.99% |
| Basic Earnings Per Share | -$0.76 | ||
| Diluted Earnings Per Share | -$228.2K | -$751.3K | -$1.358M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 9.829M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $11.45M | $11.45M | $3.701M |
| YoY Change | 209.38% | 209.31% | 4157.72% |
| Cash & Equivalents | $11.45M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $114.3K | $114.3K | $90.74K |
| YoY Change | 26.98% | 25.94% | -54.57% |
| Inventory | $710.1K | $710.1K | $659.7K |
| Prepaid Expenses | $114.3K | ||
| Receivables | $412.2K | $412.2K | $331.6K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $12.68M | $12.68M | $4.783M |
| YoY Change | 165.35% | 165.19% | 408.32% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $232.3K | $232.3K | $138.6K |
| YoY Change | 65.92% | 67.55% | 7.7% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $925.1K | ||
| YoY Change | |||
| Long-Term Investments | $0.00 | ||
| YoY Change | -100.0% | ||
| Other Assets | $0.00 | $0.00 | $26.00K |
| YoY Change | -100.0% | -100.0% | -50.0% |
| Total Long-Term Assets | $1.157M | $1.157M | $917.8K |
| YoY Change | 25.8% | 26.11% | 22.27% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $12.68M | $12.68M | $4.783M |
| Total Long-Term Assets | $1.157M | $1.157M | $917.8K |
| Total Assets | $13.84M | $13.84M | $5.701M |
| YoY Change | 142.82% | 142.8% | 237.02% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $206.4K | $206.4K | $128.9K |
| YoY Change | 58.8% | 60.11% | -82.27% |
| Accrued Expenses | $625.9K | $625.9K | $243.8K |
| YoY Change | 160.81% | 156.72% | 98.78% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $981.2K | $981.2K | $450.7K |
| YoY Change | 118.05% | 117.71% | -56.63% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | $0.00 | $48.34K |
| YoY Change | -100.0% | -100.0% | |
| Total Long-Term Liabilities | $0.00 | $48.34K | |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $981.2K | $981.2K | $450.7K |
| Total Long-Term Liabilities | $0.00 | $48.34K | |
| Total Liabilities | $981.2K | $981.2K | $536.8K |
| YoY Change | 81.71% | 82.8% | -48.35% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$40.59M | ||
| YoY Change | |||
| Common Stock | $10.50K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $12.86M | $12.86M | $5.164M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $13.84M | $13.84M | $5.701M |
| YoY Change | 142.82% | 142.8% | 237.02% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.397M | -$7.385M | -$5.200M |
| YoY Change | 54.67% | 42.01% | -17.73% |
| Depreciation, Depletion And Amortization | $17.61K | $94.11K | $105.2K |
| YoY Change | -11.95% | -10.52% | -45.38% |
| Cash From Operating Activities | -$1.512M | -$6.299M | -$4.810M |
| YoY Change | 33.84% | 30.96% | -12.78% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$105.0K | -$359.8K | -$298.9K |
| YoY Change | -309.96% | 20.37% | 43.88% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $500.00 |
| YoY Change | -100.0% | -99.59% | |
| Cash From Investing Activities | -$105.0K | -$359.8K | -$298.4K |
| YoY Change | 109.96% | 20.58% | 247.74% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 14.40M | 8.722M |
| YoY Change | -100.0% | 65.15% | 97.88% |
| NET CHANGE | |||
| Cash From Operating Activities | -1.512M | -6.299M | -4.810M |
| Cash From Investing Activities | -105.0K | -359.8K | -298.4K |
| Cash From Financing Activities | 0.000 | 14.40M | 8.722M |
| Net Change In Cash | -1.617M | 7.746M | 3.614M |
| YoY Change | 99.67% | 114.35% | -402.96% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.512M | -$6.299M | -$4.810M |
| Capital Expenditures | -$105.0K | -$359.8K | -$298.9K |
| Free Cash Flow | -$1.407M | -$5.939M | -$4.511M |
| YoY Change | 19.27% | 31.66% | -15.0% |
Facts In Submission
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