2020 Form 10-K Financial Statement
#000149315221007463 Filed on March 31, 2021
Income Statement
| Concept | 2020 | 2019 | 2018 |
|---|---|---|---|
| Revenue | $491.0K | $309.0K | $391.0K |
| YoY Change | 58.9% | -20.97% | |
| Cost Of Revenue | $994.0K | $542.0K | |
| YoY Change | 83.39% | ||
| Gross Profit | -$503.0K | -$233.0K | |
| YoY Change | 115.88% | ||
| Gross Profit Margin | -102.44% | -75.4% | |
| Selling, General & Admin | $3.478M | $1.300M | $91.50K |
| YoY Change | 167.54% | 1320.77% | 291.53% |
| % of Gross Profit | |||
| Research & Development | $725.0K | $274.0K | |
| YoY Change | 164.6% | ||
| % of Gross Profit | |||
| Depreciation & Amortization | $66.00K | $6.000K | |
| YoY Change | 1000.0% | ||
| % of Gross Profit | |||
| Operating Expenses | $4.203M | $1.574M | $91.50K |
| YoY Change | 167.03% | 1620.22% | 291.53% |
| Operating Profit | -$4.706M | -$1.807M | |
| YoY Change | 160.43% | ||
| Interest Expense | $41.00K | -$20.00K | -$8.040K |
| YoY Change | -305.0% | 148.76% | 74.78% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$4.665M | -$1.827M | -$99.54K |
| YoY Change | 155.34% | 1735.44% | 255.75% |
| Income Tax | $2.000K | $2.000K | |
| % Of Pretax Income | |||
| Net Earnings | -$4.667M | -$1.829M | -$99.54K |
| YoY Change | 155.17% | 1737.45% | 255.75% |
| Net Earnings / Revenue | -950.51% | -591.91% | -25.46% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$1.323M | -$1.017M | -$354.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 | 2019 | 2018 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.373M | $3.245M | $26.32K |
| YoY Change | 3.94% | 12229.03% | 159.31% |
| Cash & Equivalents | $3.373M | $3.245M | $26.32K |
| Short-Term Investments | |||
| Other Short-Term Assets | $348.0K | $78.00K | |
| YoY Change | 346.15% | ||
| Inventory | $244.0K | $900.0K | |
| Prepaid Expenses | |||
| Receivables | $17.00K | $22.00K | |
| Other Receivables | $47.00K | $73.00K | |
| Total Short-Term Assets | $4.029M | $4.318M | $26.32K |
| YoY Change | -6.69% | 16305.78% | 159.31% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $376.0K | $112.0K | |
| YoY Change | 235.71% | ||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $360.0K | $327.0K | |
| YoY Change | 10.09% | ||
| Total Long-Term Assets | $1.866M | $439.0K | $0.00 |
| YoY Change | 325.06% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $4.029M | $4.318M | $26.32K |
| Total Long-Term Assets | $1.866M | $439.0K | $0.00 |
| Total Assets | $5.895M | $4.757M | $26.32K |
| YoY Change | 23.92% | 17973.71% | 159.31% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $79.00K | $35.00K | $28.17K |
| YoY Change | 125.71% | 24.25% | 698.02% |
| Accrued Expenses | $624.0K | $873.0K | |
| YoY Change | -28.52% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $500.0K | $170.0K |
| YoY Change | -100.0% | 194.12% | 233.33% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $772.0K | $1.910M | $198.2K |
| YoY Change | -59.58% | 863.82% | 140.32% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $1.159M | $325.0K | |
| YoY Change | 256.62% | ||
| Total Long-Term Liabilities | $1.159M | $325.0K | $0.00 |
| YoY Change | 256.62% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $772.0K | $1.910M | $198.2K |
| Total Long-Term Liabilities | $1.159M | $325.0K | $0.00 |
| Total Liabilities | $1.931M | $2.235M | $198.2K |
| YoY Change | -13.6% | 1027.82% | 140.32% |
| 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 | $3.964M | $2.522M | -$171.9K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $5.895M | $4.757M | $26.32K |
| YoY Change | 23.92% | 17973.71% | 159.31% |
Cashflow Statement
| Concept | 2020 | 2019 | 2018 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$4.667M | -$1.829M | -$99.54K |
| YoY Change | 155.17% | 1737.45% | 255.75% |
| Depreciation, Depletion And Amortization | $66.00K | $6.000K | |
| YoY Change | 1000.0% | ||
| Cash From Operating Activities | -$4.187M | -$1.799M | -$102.8K |
| YoY Change | 132.74% | 1649.49% | 337.39% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$276.0K | -$52.00K | |
| YoY Change | 430.77% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$3.000K | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | -$276.0K | -$55.00K | |
| YoY Change | 401.82% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 4.506M | 5.104M | 119.0K |
| YoY Change | -11.72% | 4189.08% | 283.87% |
| NET CHANGE | |||
| Cash From Operating Activities | -4.187M | -1.799M | -102.8K |
| Cash From Investing Activities | -276.0K | -55.00K | |
| Cash From Financing Activities | 4.506M | 5.104M | 119.0K |
| Net Change In Cash | 43.00K | 3.250M | 16.17K |
| YoY Change | -98.68% | 19998.95% | 115.89% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.187M | -$1.799M | -$102.8K |
| Capital Expenditures | -$276.0K | -$52.00K | |
| Free Cash Flow | -$3.911M | -$1.747M | |
| YoY Change | 123.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
false | |
| CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
491000 | USD |
| CY2018 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
391000 | USD |
| CY2019 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
309000 | USD |
| CY2018 | SCTC |
Financing Income Expenses Net
FinancingIncomeExpensesNet
|
USD |
