2021 Q4 Form 10-K Financial Statement
#000121390022018523 Filed on April 07, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $1.295M | $4.144M | $1.036M |
| YoY Change | 25.0% | 1.04% | 16.26% |
| Cost Of Revenue | $1.337M | $3.574M | $772.8K |
| YoY Change | 72.99% | 2.43% | -4.7% |
| Gross Profit | -$41.32K | $569.7K | $263.6K |
| YoY Change | -115.68% | -6.88% | 227.17% |
| Gross Profit Margin | -3.19% | 13.75% | 25.43% |
| Selling, General & Admin | $1.468M | $6.454M | $2.253M |
| YoY Change | -34.87% | 25.07% | 102.15% |
| % of Gross Profit | 1132.97% | 854.75% | |
| Research & Development | $0.00 | ||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $10.79K | $44.82K | $12.36K |
| YoY Change | -12.7% | -14.22% | 16.82% |
| % of Gross Profit | 7.87% | 4.69% | |
| Operating Expenses | $1.478M | $0.00 | $2.292M |
| YoY Change | -35.51% | -100.0% | 98.93% |
| Operating Profit | -$1.520M | $569.7K | -$2.029M |
| YoY Change | -25.1% | -112.09% | 89.29% |
| Interest Expense | $9.720M | $4.670M | -$4.900M |
| YoY Change | -298.35% | -74.19% | -73.25% |
| % of Operating Profit | 819.74% | ||
| Other Income/Expense, Net | $4.940K | $4.000K | |
| YoY Change | -70.1% | -98.35% | |
| Pretax Income | $8.246M | -$2.118M | -$7.083M |
| YoY Change | -216.42% | -115.97% | -63.02% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $8.246M | -$2.118M | -$7.083M |
| YoY Change | -216.42% | -115.97% | -63.02% |
| Net Earnings / Revenue | 636.54% | -51.11% | -683.44% |
| Basic Earnings Per Share | -$0.02 | ||
| Diluted Earnings Per Share | $29.59K | -$11.73K | -$148.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 180.5M shares | ||
| Diluted Shares Outstanding | 180.5M shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $340.3K | $340.3K | $409.6K |
| YoY Change | -16.91% | -16.91% | -16.51% |
| Cash & Equivalents | $706.4K | $416.1K | |
| Short-Term Investments | $198.9K | $198.9K | |
| Other Short-Term Assets | $378.9K | $578.1K | $59.26K |
| YoY Change | 539.44% | 875.55% | 24.81% |
| Inventory | $2.850K | $2.850K | |
| Prepaid Expenses | $13.11K | ||
| Receivables | $2.151M | $2.530M | $587.2K |
| Other Receivables | $0.00 | $3.800K | |
| Total Short-Term Assets | $3.451M | $3.451M | $1.060M |
| YoY Change | 225.64% | 225.64% | -12.24% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $213.4K | $213.4K | $258.2K |
| YoY Change | -17.36% | -17.36% | 120.56% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $17.60K | $17.60K | $8.000K |
| YoY Change | 120.0% | 120.0% | -38.93% |
| Other Assets | $514.0K | $514.0K | $0.00 |
| YoY Change | |||
| Total Long-Term Assets | $749.5K | $749.5K | $270.7K |
| YoY Change | 176.88% | 176.88% | 101.04% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.451M | $3.451M | $1.060M |
| Total Long-Term Assets | $749.5K | $749.5K | $270.7K |
| Total Assets | $4.201M | $4.201M | $1.330M |
| YoY Change | 215.72% | 215.72% | -0.88% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.452M | $1.452M | $1.305M |
| YoY Change | 11.3% | 11.3% | 14.0% |
| Accrued Expenses | $1.533M | $1.533M | $1.543M |
| YoY Change | -0.61% | -0.61% | 32.64% |
| Deferred Revenue | $1.887M | ||
| YoY Change | |||
| Short-Term Debt | $230.7K | $230.7K | $942.8K |
| YoY Change | -75.54% | -75.54% | 53.48% |
| Long-Term Debt Due | $3.024M | $3.024M | $1.232M |
| YoY Change | 145.39% | 145.39% | -57.34% |
| Total Short-Term Liabilities | $16.28M | $15.18M | $18.10M |
| YoY Change | -10.05% | -16.13% | -52.54% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $62.28K | $62.28K | $1.885M |
| YoY Change | -96.7% | -96.7% | 230.72% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $62.28K | $62.28K | $1.885M |
| YoY Change | -96.7% | -96.7% | 230.72% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $16.28M | $15.18M | $18.10M |
| Total Long-Term Liabilities | $62.28K | $62.28K | $1.885M |
| Total Liabilities | $16.34M | $15.24M | $19.98M |
| YoY Change | -18.23% | -23.74% | -48.37% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$98.18M | ||
| YoY Change | |||
| Common Stock | $75.75M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$22.32M | -$11.04M | -$18.65M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.201M | $4.201M | $1.330M |
| YoY Change | 215.72% | 215.72% | -0.88% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $8.246M | -$2.118M | -$7.083M |
| YoY Change | -216.42% | -115.97% | -63.02% |
| Depreciation, Depletion And Amortization | $10.79K | $44.82K | $12.36K |
| YoY Change | -12.7% | -14.22% | 16.82% |
| Cash From Operating Activities | -$1.283M | -$4.843M | -$1.339M |
| YoY Change | -4.21% | 21.8% | 70.48% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$4.500K | -$18.00K | -$4.490K |
| YoY Change | 0.22% | 29.68% | 262.1% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$4.500K | -$18.00K | -$4.490K |
| YoY Change | 0.22% | 29.68% | -116.19% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.435M | 5.151M | 1.002M |
| YoY Change | 43.22% | 31.56% | 36.41% |
| NET CHANGE | |||
| Cash From Operating Activities | -1.283M | -4.843M | -1.339M |
| Cash From Investing Activities | -4.500K | -18.00K | -4.490K |
| Cash From Financing Activities | 1.435M | 5.151M | 1.002M |
| Net Change In Cash | 147.6K | 290.3K | -341.8K |
| YoY Change | -143.18% | -489.72% | 1366.41% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.283M | -$4.843M | -$1.339M |
| Capital Expenditures | -$4.500K | -$18.00K | -$4.490K |
| Free Cash Flow | -$1.279M | -$4.825M | -$1.335M |
| YoY Change | -4.22% | 21.78% | 70.18% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | ocln |
Common Stock Issued For Dividends On Series O Preferred Stock
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|
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| CY2021 | ocln |
Common Stock Issued For Conversion Of Series X Preferred Stock
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|
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| CY2021 | ocln |
Issuance Of Series R Preferred Stock Through A Private Placement
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|
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Issuance Of Series T Preferred Stock In Exchange For Property
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Issuance Of Series U Preferred Stock Through A Private Placement
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Issuance Of Series X Preferred Stock Through A Private Placement
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Exchange Of Series G Preferred Stock For Series S Preferred Stock
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Exchange Of Series I Preferred Stock For Series R Preferred Stock
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Exchange Of Series I Preferred Stock For Series W Preferred Stock
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Exchange Of Series K Preferred Stock For Series R Preferred Stock
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Exchange Of Series K Preferred Stock For Series W Preferred Stock
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Exchange Of Series M Preferred Stock For Series R Preferred Stock
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Issuance Of Common Stock Warrants Deemed Dividends
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