2022 Q1 Form 10-Q Financial Statement
#000121390022027151 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 |
|---|---|
| Revenue | $1.234M |
| YoY Change | 55.0% |
| Cost Of Revenue | $1.459M |
| YoY Change | 110.96% |
| Gross Profit | -$224.8K |
| YoY Change | -314.74% |
| Gross Profit Margin | -18.21% |
| Selling, General & Admin | $1.526M |
| YoY Change | 22.11% |
| % of Gross Profit | |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $10.73K |
| YoY Change | -7.74% |
| % of Gross Profit | |
| Operating Expenses | $1.537M |
| YoY Change | 21.83% |
| Operating Profit | -$1.762M |
| YoY Change | 52.28% |
| Interest Expense | -$1.678M |
| YoY Change | -89.42% |
| % of Operating Profit | |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | -$3.576M |
| YoY Change | -79.97% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$3.576M |
| YoY Change | -79.97% |
| Net Earnings / Revenue | -289.79% |
| Basic Earnings Per Share | -$0.01 |
| Diluted Earnings Per Share | -$8.589K |
| COMMON SHARES | |
| Basic Shares Outstanding | 416.4M shares |
| Diluted Shares Outstanding | 416.4M shares |
Balance Sheet
| Concept | 2022 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $888.1K |
| YoY Change | 64.55% |
| Cash & Equivalents | $1.854M |
| Short-Term Investments | $94.94K |
| Other Short-Term Assets | $1.074M |
| YoY Change | 3292.07% |
| Inventory | $2.850K |
| Prepaid Expenses | |
| Receivables | $1.822M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $3.786M |
| YoY Change | 228.02% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $202.7K |
| YoY Change | -17.81% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $8.800K |
| YoY Change | -83.46% |
| Other Assets | $514.0K |
| YoY Change | -18.41% |
| Total Long-Term Assets | $729.9K |
| YoY Change | -21.87% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $3.786M |
| Total Long-Term Assets | $729.9K |
| Total Assets | $4.516M |
| YoY Change | 116.24% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $1.434M |
| YoY Change | 9.8% |
| Accrued Expenses | $1.532M |
| YoY Change | -0.37% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $180.7K |
| YoY Change | -80.34% |
| Long-Term Debt Due | $1.602M |
| YoY Change | -25.33% |
| Total Short-Term Liabilities | $15.61M |
| YoY Change | -54.99% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $1.416M |
| YoY Change | 50.98% |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $1.416M |
| YoY Change | 50.98% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $15.61M |
| Total Long-Term Liabilities | $1.416M |
| Total Liabilities | $17.03M |
| YoY Change | -52.2% |
| 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 | -$12.51M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $4.516M |
| YoY Change | 116.24% |
Cashflow Statement
| Concept | 2022 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$3.576M |
| YoY Change | -79.97% |
| Depreciation, Depletion And Amortization | $10.73K |
| YoY Change | -7.74% |
| Cash From Operating Activities | -$271.6K |
| YoY Change | -72.83% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$4.500K |
| YoY Change | 0.0% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | |
| YoY Change | |
| Cash From Investing Activities | -$4.500K |
| YoY Change | 0.0% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 1.424M |
| YoY Change | 24.24% |
| NET CHANGE | |
| Cash From Operating Activities | -271.6K |
| Cash From Investing Activities | -4.500K |
| Cash From Financing Activities | 1.424M |
| Net Change In Cash | 1.148M |
| YoY Change | 708.27% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$271.6K |
| Capital Expenditures | -$4.500K |
| Free Cash Flow | -$267.1K |
| YoY Change | -73.16% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001419793 | |
| CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
16000000000 | shares |
| CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2022Q1 | ocln |
Preferred Treasury Stock Shares Outstanding
PreferredTreasuryStockSharesOutstanding
|
1000 | shares |
| CY2021Q4 | ocln |
Preferred Treasury Stock Shares Outstanding
PreferredTreasuryStockSharesOutstanding
|
1000 | shares |
| CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | |
| CY2021Q1 | ocln |
Rounding
Rounding
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| CY2021Q1 | ocln |
Issuance Of Series M Preferred Stock Through A Private Placement
IssuanceOfSeriesMPreferredStockThroughAPrivatePlacement
|
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| CY2021Q1 | ocln |
Issuance Of Series R Preferred Stock Through A Private Placement
IssuanceOfSeriesRPreferredStockThroughAPrivatePlacement
|
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| CY2021Q1 | ocln |
Issuance Of Series T Preferred Stock In Exchange For Property
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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 K Preferred Stock For Series R Preferred Stock
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Exchange Of Series M Preferred Stock For Series R Preferred Stock
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|
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| CY2022Q1 | ocln |
Common Stock Issued For Dividends On Series O Preferred Stock
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|
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Common Stock Issued For Make Good Shares For Series R Preferred Stock
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Stock Issued During Period Value Conversion Of Convertible Securities
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Stock Issued During Period Value New Issues
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|
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| CY2022Q1 | ocln |
Exchanges Of Series F Preferred Stock For Series Q Preferred Stock
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Exchange Of Series K Preferred Stock For Series W Preferred Stock
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Exchange Of Series V Preferred Stock For Series Y Preferred Stock
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| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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|
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Increase Decrease In Inventories
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|
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Increase Decrease In Other Receivables
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|
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Proceeds From Convertible Debt
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|
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Repayments Of Notes Payable
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Income Taxes Paid Net
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Issuance Of Series T Preferred Shares In Exchange For Property
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Exchange From Mezzanine To Liability
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| CY2022Q1 | ocln |
Issuance Of Warrants Deemed Dividends
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Derivative Discount Issued On Notes Payable
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Fair Value Of Derivative Liabilities Issued
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