2021 Form 10-K Financial Statement
#000149315222007802 Filed on March 28, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $11.06M | $4.785M |
| YoY Change | 131.22% | -0.05% |
| % of Gross Profit | ||
| Research & Development | $5.728M | $4.252M |
| YoY Change | 34.7% | 92.75% |
| % of Gross Profit | ||
| Depreciation & Amortization | $149.0K | $97.55K |
| YoY Change | 52.74% | -21.11% |
| % of Gross Profit | ||
| Operating Expenses | $16.89M | $9.135M |
| YoY Change | 84.92% | 28.34% |
| Operating Profit | -$16.89M | |
| YoY Change | ||
| Interest Expense | $18.71K | $215.6K |
| YoY Change | -91.32% | 331.79% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $33.27K | -$215.9K |
| YoY Change | -115.41% | |
| Pretax Income | -$16.53M | -$9.135M |
| YoY Change | 80.92% | 19.8% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$16.53M | -$9.135M |
| YoY Change | 80.92% | 19.8% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$1.90 | |
| Diluted Earnings Per Share | -$1.904M | -$7.074M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 8.680M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $54.73M | $9.335M |
| YoY Change | 486.29% | 614.07% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $312.4K | $234.5K |
| YoY Change | 33.22% | 101.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $55.04M | $9.569M |
| YoY Change | 475.19% | 572.04% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.605M | $938.9K |
| YoY Change | 177.39% | -19.78% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $54.49K | $29.84K |
| YoY Change | 82.61% | -96.45% |
| Total Long-Term Assets | $2.659M | $968.8K |
| YoY Change | 174.47% | -51.81% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $55.04M | $9.569M |
| Total Long-Term Assets | $2.659M | $968.8K |
| Total Assets | $57.70M | $10.54M |
| YoY Change | 447.54% | 206.85% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $560.1K | $1.390M |
| YoY Change | -59.72% | 13.85% |
| Accrued Expenses | $1.020M | $1.450M |
| YoY Change | -29.66% | 133.1% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $312.7K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.580M | $3.186M |
| YoY Change | -50.41% | 69.81% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.715M | $253.7K |
| YoY Change | 575.81% | -55.32% |
| Total Long-Term Liabilities | $1.715M | $253.7K |
| YoY Change | 575.81% | -55.32% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.580M | $3.186M |
| Total Long-Term Liabilities | $1.715M | $253.7K |
| Total Liabilities | $3.295M | $3.440M |
| YoY Change | -4.22% | 40.74% |
| 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 | $54.40M | $7.098M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $57.70M | $10.54M |
| YoY Change | 447.54% | 206.85% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$16.53M | -$9.135M |
| YoY Change | 80.92% | 19.8% |
| Depreciation, Depletion And Amortization | $149.0K | $97.55K |
| YoY Change | 52.74% | -21.11% |
| Cash From Operating Activities | -$11.85M | -$7.677M |
| YoY Change | 54.3% | 30.2% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$367.9K | -$180.3K |
| YoY Change | 104.05% | -50.45% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$367.9K | -$180.3K |
| YoY Change | 104.05% | -50.45% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 57.61M | 15.07M |
| YoY Change | 282.14% | 167.43% |
| NET CHANGE | ||
| Cash From Operating Activities | -11.85M | -7.677M |
| Cash From Investing Activities | -367.9K | -180.3K |
| Cash From Financing Activities | 57.61M | 15.07M |
| Net Change In Cash | 45.39M | 7.217M |
| YoY Change | 528.95% | -1257.81% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$11.85M | -$7.677M |
| Capital Expenditures | -$367.9K | -$180.3K |
| Free Cash Flow | -$11.48M | -$7.497M |
| YoY Change | 53.1% | 35.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Fair Value Of Common Stock Issued In Satisfaction Of Trade Payable
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Fair Value Of Warrants Issued To Preferred Exchange Participants Sabr And Repriced Placement Agent Warrant
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Derivative Liabilities Reclassified To Equity
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