2021 Form 10-K Financial Statement
#000149315222008167 Filed on March 30, 2022
Income Statement
| Concept | 2021 |
|---|---|
| Revenue | $387.0K |
| YoY Change | -21.18% |
| Cost Of Revenue | $1.108M |
| YoY Change | 11.47% |
| Gross Profit | -$721.0K |
| YoY Change | 43.34% |
| Gross Profit Margin | -186.3% |
| Selling, General & Admin | $6.389M |
| YoY Change | 83.7% |
| % of Gross Profit | |
| Research & Development | $2.002M |
| YoY Change | 176.14% |
| % of Gross Profit | |
| Depreciation & Amortization | $114.0K |
| YoY Change | 72.73% |
| % of Gross Profit | |
| Operating Expenses | $8.383M |
| YoY Change | 99.45% |
| Operating Profit | -$9.104M |
| YoY Change | 93.46% |
| Interest Expense | $117.0K |
| YoY Change | 185.37% |
| % of Operating Profit | |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | -$8.987M |
| YoY Change | 92.65% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$8.987M |
| YoY Change | 92.56% |
| Net Earnings / Revenue | -2322.22% |
| Basic Earnings Per Share | -$1.44 |
| Diluted Earnings Per Share | -$1.440M |
| COMMON SHARES | |
| Basic Shares Outstanding | 6.240M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $19.59M |
| YoY Change | 480.91% |
| Cash & Equivalents | $8.581M |
| Short-Term Investments | $11.01M |
| Other Short-Term Assets | $443.0K |
| YoY Change | 27.3% |
| Inventory | $167.0K |
| Prepaid Expenses | |
| Receivables | $8.000K |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $20.21M |
| YoY Change | 401.66% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $1.263M |
| YoY Change | 235.9% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $396.0K |
| YoY Change | 10.0% |
| Total Long-Term Assets | $3.334M |
| YoY Change | 78.67% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $20.21M |
| Total Long-Term Assets | $3.334M |
| Total Assets | $23.55M |
| YoY Change | 299.42% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $103.0K |
| YoY Change | 30.38% |
| Accrued Expenses | $821.0K |
| YoY Change | 31.57% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $1.309M |
| YoY Change | 69.56% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | $2.621M |
| YoY Change | 126.14% |
| Total Long-Term Liabilities | $2.621M |
| YoY Change | 126.14% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $1.309M |
| Total Long-Term Liabilities | $2.621M |
| Total Liabilities | $3.930M |
| YoY Change | 103.52% |
| 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 | $19.62M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $23.55M |
| YoY Change | 299.42% |
Cashflow Statement
| Concept | 2021 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$8.987M |
| YoY Change | 92.56% |
| Depreciation, Depletion And Amortization | $114.0K |
| YoY Change | 72.73% |
| Cash From Operating Activities | -$5.886M |
| YoY Change | 40.58% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$595.0K |
| YoY Change | 115.58% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$11.00M |
| YoY Change | |
| Cash From Investing Activities | -$11.60M |
| YoY Change | 4101.09% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 22.56M |
| YoY Change | 400.64% |
| NET CHANGE | |
| Cash From Operating Activities | -5.886M |
| Cash From Investing Activities | -11.60M |
| Cash From Financing Activities | 22.56M |
| Net Change In Cash | 5.078M |
| YoY Change | 11709.3% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$5.886M |
| Capital Expenditures | -$595.0K |
| Free Cash Flow | -$5.291M |
| YoY Change | 35.29% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
USD | |
| CY2020 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | SCTC |
Interest Income In Respect Of Deposits
InterestIncomeInRespectOfDeposits
|
USD | |
| CY2020 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
USD | |
| CY2020 | SCTC |
Increase Decrease In Right Of Use Asset
IncreaseDecreaseInRightOfUseAsset
|
USD | |
| CY2020 | SCTC |
Payments To Short Term Deposits
PaymentsToShortTermDeposits
|
USD | |
| CY2020 | SCTC |
Repayments For Issuance Expenses
RepaymentsForIssuanceExpenses
|
USD | |
| CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
USD | |
| CY2020 | SCTC |
Noncash Related To Increase In Property And Equipment Through A Decrease In Advances To Suppliers
NoncashRelatedToIncreaseInPropertyAndEquipmentThroughADecreaseInAdvancesToSuppliers
|
USD | |
| CY2021 | SCTC |
Loan From Parent Company Settled Against Receivable From Parent Company
LoanFromParentCompanySettledAgainstReceivableFromParentCompany
|
USD | |
| CY2021 | SCTC |
Conversion Of Loan From Parent Company
ConversionOfLoanFromParentCompany
|
USD | |
| CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15294000 | USD |
| CY2020Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
USD | |
| CY2021Q4 | SCTC |
Inventory Written Down
InventoryWrittenDown
|
USD | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
shares | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
| CY2020 | SCTC |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
|
||
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2019Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
USD | |
| CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
USD | |
| CY2020 | us-gaap |
Sublease Income
SubleaseIncome
|
USD |
