2024 Q2 Form 10-Q Financial Statement

#000162828024023431 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $769.1K $1.094M
YoY Change -53.55% -36.6%
Cost Of Revenue $277.2K $576.5K
YoY Change -48.33% 9.53%
Gross Profit $491.9K $517.0K
YoY Change -56.05% -56.86%
Gross Profit Margin 63.96% 47.28%
Selling, General & Admin $2.054M $2.827M
YoY Change 3.24% 27.99%
% of Gross Profit 417.48% 546.88%
Research & Development $266.9K $943.6K
YoY Change -64.57% 34.9%
% of Gross Profit 54.26% 182.5%
Depreciation & Amortization $24.91K $24.91K
YoY Change 143.74% 143.67%
% of Gross Profit 5.06% 4.82%
Operating Expenses $2.321M $3.771M
YoY Change -15.39% 29.66%
Operating Profit -$1.829M -$3.254M
YoY Change 12.64% 90.28%
Interest Expense $13.01K $19.16K
YoY Change
% of Operating Profit
Other Income/Expense, Net $340.7K $224.4K
YoY Change 294.22% 65.13%
Pretax Income -$1.488M -$3.030M
YoY Change -3.19% 92.46%
Income Tax
% Of Pretax Income
Net Earnings -$1.488M -$3.030M
YoY Change -3.19% 92.45%
Net Earnings / Revenue -193.45% -277.04%
Basic Earnings Per Share -$0.74 -$1.67
Diluted Earnings Per Share -$0.74 -$1.67
COMMON SHARES
Basic Shares Outstanding 2.011M shares 1.987M shares
Diluted Shares Outstanding 2.001M shares 1.812M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.43M $17.60M
YoY Change -16.29% -13.11%
Cash & Equivalents $1.607M $1.260M
Short-Term Investments $14.82M $16.34M
Other Short-Term Assets $315.7K $611.7K
YoY Change -4.78% 20.33%
Inventory $1.450M $1.471M
Prepaid Expenses
Receivables $280.6K $469.7K
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.48M $20.15M
YoY Change -17.11% -12.71%
LONG-TERM ASSETS
Property, Plant & Equipment $243.6K $268.5K
YoY Change -46.77% 72.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.40K $26.40K
YoY Change 0.0% 0.0%
Total Long-Term Assets $453.2K $512.2K
YoY Change -6.38% -2.23%
TOTAL ASSETS
Total Short-Term Assets $18.48M $20.15M
Total Long-Term Assets $453.2K $512.2K
Total Assets $18.93M $20.66M
YoY Change -16.88% -12.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $314.0K $144.6K
YoY Change 73.04% -63.89%
Accrued Expenses $1.127M $1.554M
YoY Change 9.62% 79.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.590M $1.847M
YoY Change 31.39% 30.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $28.21K $60.95K
YoY Change -81.46% -66.2%
Total Long-Term Liabilities $28.21K $60.95K
YoY Change -81.46% -66.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.590M $1.847M
Total Long-Term Liabilities $28.21K $60.95K
Total Liabilities $1.618M $1.908M
YoY Change 18.79% 19.46%
SHAREHOLDERS EQUITY
Retained Earnings -$214.6M -$213.1M
YoY Change 3.84% 3.89%
Common Stock $202.00 $199.00
YoY Change -76.46% -74.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.31M $18.76M
YoY Change
Total Liabilities & Shareholders Equity $18.93M $20.66M
YoY Change -16.88% -12.48%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$1.488M -$3.030M
YoY Change -3.19% 92.45%
Depreciation, Depletion And Amortization $24.91K $24.91K
YoY Change 143.74% 143.67%
Cash From Operating Activities -$1.364M -$2.081M
YoY Change -5.97% 85.6%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.709M $138.3K
YoY Change 620.24% -116.52%
Cash From Investing Activities $1.709M $138.3K
YoY Change 620.24% -116.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.600K $1.471M
YoY Change -99.63%
NET CHANGE
Cash From Operating Activities -1.364M -$2.081M
Cash From Investing Activities 1.709M $138.3K
Cash From Financing Activities 2.600K $1.471M
Net Change In Cash 347.0K -$472.0K
YoY Change -167.56% -75.9%
FREE CASH FLOW
Cash From Operating Activities -$1.364M -$2.081M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during reporting periods. Actual results could differ from those estimates.</span></div>
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Files In Submission

Name View Source Status
0001628280-24-023431-index-headers.html Edgar Link pending
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a10q33124exhibit311.htm Edgar Link pending
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nuro-20240331_lab.xml Edgar Link unprocessable
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nuro-20240331_htm.xml Edgar Link completed
nuro-20240331_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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