2022 Q1 Form 10-Q Financial Statement
#000121390022026471 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $431.0K | $300.0K |
| YoY Change | 43.68% | |
| Operating Profit | -$431.0K | |
| YoY Change | ||
| Interest Expense | $4.673M | $3.700M |
| YoY Change | 26.29% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | -$440.0K |
| YoY Change | -100.0% | |
| Pretax Income | $4.242M | $2.970M |
| YoY Change | 42.82% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $4.242M | $2.966M |
| YoY Change | 43.03% | |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $227.0K | $158.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $720.00 | $1.100M |
| YoY Change | -99.93% | |
| Cash & Equivalents | $723.00 | |
| Short-Term Investments | ||
| Other Short-Term Assets | $84.37K | $200.0K |
| YoY Change | -57.82% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $85.09K | $1.300M |
| YoY Change | -93.45% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $151.8M | $151.8M |
| YoY Change | -0.01% | |
| Other Assets | $0.00 | |
| YoY Change | ||
| Total Long-Term Assets | $151.8M | $151.7M |
| YoY Change | 0.06% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $85.09K | $1.300M |
| Total Long-Term Assets | $151.8M | $151.7M |
| Total Assets | $151.9M | $153.0M |
| YoY Change | -0.73% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $100.0K | |
| YoY Change | ||
| Accrued Expenses | $264.0K | $100.0K |
| YoY Change | 164.01% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.503M | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.767M | $300.0K |
| YoY Change | 489.07% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $7.558M | $16.10M |
| YoY Change | -53.06% | |
| Total Long-Term Liabilities | $7.558M | $16.10M |
| YoY Change | -53.06% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.767M | $300.0K |
| Total Long-Term Liabilities | $7.558M | $16.10M |
| Total Liabilities | $9.325M | $16.40M |
| YoY Change | -43.14% | |
| 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 | -$9.192M | -$15.06M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $151.9M | $153.0M |
| YoY Change | -0.73% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.242M | $2.966M |
| YoY Change | 43.03% | |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$193.3K | -$310.0K |
| YoY Change | -37.64% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$151.7M |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $0.00 | -$151.7M |
| YoY Change | -100.0% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 0.000 | 153.1M |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -193.3K | -310.0K |
| Cash From Investing Activities | 0.000 | -151.7M |
| Cash From Financing Activities | 0.000 | 153.1M |
| Net Change In Cash | -193.3K | 1.070M |
| YoY Change | -118.07% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$193.3K | -$310.0K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure | |
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001820175 | |
| CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2022Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
pure | |
| CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
pure | |
| CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
pure |
