2022 Q1 Form 10-Q Financial Statement
#000149315222013324 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $3.666M | $3.330M |
| YoY Change | 10.09% | 51.36% |
| Cost Of Revenue | $2.138M | $1.950M |
| YoY Change | 9.62% | 37.32% |
| Gross Profit | $1.528M | $1.380M |
| YoY Change | 10.75% | 76.92% |
| Gross Profit Margin | 41.69% | 41.44% |
| Selling, General & Admin | $2.348M | $2.140M |
| YoY Change | 9.72% | 34.59% |
| % of Gross Profit | 153.64% | 155.07% |
| Research & Development | $8.660K | $0.00 |
| YoY Change | -100.0% | |
| % of Gross Profit | 0.57% | 0.0% |
| Depreciation & Amortization | $21.86K | $20.00K |
| YoY Change | 9.3% | 0.0% |
| % of Gross Profit | 1.43% | 1.45% |
| Operating Expenses | $2.357M | $2.150M |
| YoY Change | 9.62% | 34.37% |
| Operating Profit | -$828.4K | -$770.0K |
| YoY Change | 7.59% | -6.1% |
| Interest Expense | -$33.08K | $10.00K |
| YoY Change | -430.8% | -105.88% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$47.55K | |
| YoY Change | ||
| Pretax Income | -$898.1K | -$750.0K |
| YoY Change | 19.74% | -24.24% |
| Income Tax | $10.00K | |
| % Of Pretax Income | ||
| Net Earnings | -$898.1K | -$760.0K |
| YoY Change | 18.16% | -43.28% |
| Net Earnings / Revenue | -24.5% | -22.82% |
| Basic Earnings Per Share | -$0.13 | |
| Diluted Earnings Per Share | -$131.2K | -$135.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 6.846M shares | 5.599M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $5.368M | $7.640M |
| YoY Change | -29.74% | 10.56% |
| Cash & Equivalents | $5.368M | $7.640M |
| Short-Term Investments | ||
| Other Short-Term Assets | $615.6K | $450.0K |
| YoY Change | 36.8% | -98.39% |
| Inventory | $18.69M | $32.94M |
| Prepaid Expenses | ||
| Receivables | $289.5K | $170.0K |
| Other Receivables | $351.4K | $600.0K |
| Total Short-Term Assets | $25.32M | $41.80M |
| YoY Change | -39.43% | -37.74% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.417M | $2.550M |
| YoY Change | 34.02% | -12.37% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $72.46K | $190.0K |
| YoY Change | -61.86% | 280.0% |
| Total Long-Term Assets | $3.708M | $2.960M |
| YoY Change | 25.29% | -6.62% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $25.32M | $41.80M |
| Total Long-Term Assets | $3.708M | $2.960M |
| Total Assets | $29.03M | $44.76M |
| YoY Change | -35.15% | -36.34% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $681.9K | $490.0K |
| YoY Change | 39.16% | 63.33% |
| Accrued Expenses | $1.221M | $920.0K |
| YoY Change | 32.75% | -7.07% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.288M | $1.450M |
| YoY Change | 57.82% | 0.69% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $150.0K | $150.0K |
| YoY Change | 0.0% | |
| Other Long-Term Liabilities | $3.945M | $3.210M |
| YoY Change | 22.89% | -18.73% |
| Total Long-Term Liabilities | $4.095M | $3.360M |
| YoY Change | 21.87% | -14.94% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.288M | $1.450M |
| Total Long-Term Liabilities | $4.095M | $3.360M |
| Total Liabilities | $6.383M | $4.810M |
| YoY Change | 32.71% | -10.76% |
| 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 | $22.64M | $39.95M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $29.03M | $44.76M |
| YoY Change | -35.15% | -36.34% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | NVFY |
Closure Of Company
ClosureOfCompany
|
USD | |
| CY2021Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
USD | |
| CY2022Q1 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
USD | |
| CY2022Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
USD | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
shares | |
| CY2022Q1 | us-gaap |
Accrued Insurance Current
AccruedInsuranceCurrent
|
USD | |
| CY2022Q1 | NVFY |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisable
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
| CY2021Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
USD | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
USD | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6845683 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5598678 | shares |
