2021 Q3 Form 10-Q Financial Statement
#000149315221028582 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $2.917M | $3.320M |
| YoY Change | -12.15% | -56.83% |
| Cost Of Revenue | $1.517M | $9.910M |
| YoY Change | -84.69% | 61.66% |
| Gross Profit | $1.400M | -$6.590M |
| YoY Change | -121.24% | -522.44% |
| Gross Profit Margin | 47.99% | -198.49% |
| Selling, General & Admin | $2.441M | $1.650M |
| YoY Change | 47.93% | -8.84% |
| % of Gross Profit | 174.41% | |
| Research & Development | $105.5K | $0.00 |
| YoY Change | -100.0% | |
| % of Gross Profit | 7.54% | |
| Depreciation & Amortization | $23.53K | $10.00K |
| YoY Change | 135.3% | -90.91% |
| % of Gross Profit | 1.68% | |
| Operating Expenses | $2.546M | $1.650M |
| YoY Change | 54.33% | -9.84% |
| Operating Profit | -$1.147M | -$8.240M |
| YoY Change | -86.08% | 2951.85% |
| Interest Expense | -$82.26K | -$50.00K |
| YoY Change | 64.52% | 25.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$1.229M | -$8.300M |
| YoY Change | -85.19% | 2577.42% |
| Income Tax | $167.5K | $101.4K |
| % Of Pretax Income | ||
| Net Earnings | -$1.397M | -$8.180M |
| YoY Change | -82.93% | 1945.0% |
| Net Earnings / Revenue | -47.89% | -246.39% |
| Basic Earnings Per Share | -$0.22 | |
| Diluted Earnings Per Share | -$218.3K | -$1.463M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 6.399M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.879M | $9.350M |
| YoY Change | -15.73% | 413.74% |
| Cash & Equivalents | $7.879M | $9.350M |
| Short-Term Investments | ||
| Other Short-Term Assets | $863.8K | $550.0K |
| YoY Change | 57.05% | -98.51% |
| Inventory | $27.78M | $48.46M |
| Prepaid Expenses | ||
| Receivables | $185.4K | $630.0K |
| Other Receivables | $657.2K | $80.00K |
| Total Short-Term Assets | $37.36M | $59.07M |
| YoY Change | -36.75% | -19.3% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.464M | $2.980M |
| YoY Change | -17.32% | 2.05% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $72.57K | $190.0K |
| YoY Change | -61.81% | 375.0% |
| Total Long-Term Assets | $2.755M | $3.390M |
| YoY Change | -18.73% | -49.25% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $37.36M | $59.07M |
| Total Long-Term Assets | $2.755M | $3.390M |
| Total Assets | $40.12M | $62.46M |
| YoY Change | -35.77% | -21.81% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $716.5K | $600.0K |
| YoY Change | 19.42% | 30.43% |
| Accrued Expenses | $959.7K | $810.0K |
| YoY Change | 18.49% | 32.79% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $320.0K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.348M | $2.180M |
| YoY Change | 7.73% | 60.29% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $150.0K | $150.0K |
| YoY Change | 0.0% | |
| Other Long-Term Liabilities | $2.883M | $3.550M |
| YoY Change | -18.78% | -16.86% |
| Total Long-Term Liabilities | $3.033M | $3.700M |
| YoY Change | -18.02% | -13.35% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.348M | $2.180M |
| Total Long-Term Liabilities | $3.033M | $3.700M |
| Total Liabilities | $5.382M | $5.880M |
| YoY Change | -8.47% | 4.44% |
| 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 | $34.74M | $56.58M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $40.12M | $62.46M |
| YoY Change | -35.77% | -21.81% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.397M | -$8.180M |
| YoY Change | -82.93% | 1945.0% |
| Depreciation, Depletion And Amortization | $23.53K | $10.00K |
| YoY Change | 135.3% | -90.91% |
| Cash From Operating Activities | -$1.515M | $20.00K |
| YoY Change | -7672.8% | -102.25% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$2.210K | -$360.0K |
| YoY Change | -99.39% | 3500.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | $1.218M | -$360.0K |
| YoY Change | -438.34% | 3500.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 2.761M | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -1.515M | 20.00K |
| Cash From Investing Activities | 1.218M | -360.0K |
| Cash From Financing Activities | 2.761M | 0.000 |
| Net Change In Cash | 2.464M | -340.0K |
| YoY Change | -824.83% | -73.85% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.515M | $20.00K |
| Capital Expenditures | -$2.210K | -$360.0K |
| Free Cash Flow | -$1.512M | $380.0K |
| YoY Change | -497.99% | -143.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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|
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