2023 Q1 Form 10-K Financial Statement

#000149315223009866 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $27.82M $25.01M $102.5M
YoY Change 5.69% 0.55% 31.05%
Cost Of Revenue $22.10M $20.99M $80.44M
YoY Change 9.43% 11.64% 30.62%
Gross Profit $5.722M $4.014M $22.10M
YoY Change -6.63% -33.81% 32.61%
Gross Profit Margin 20.57% 16.05% 21.56%
Selling, General & Admin $6.766M $6.534M $27.71M
YoY Change 4.48% 0.26% 26.72%
% of Gross Profit 118.25% 162.78% 125.35%
Research & Development $423.0K $390.0K $1.826M
YoY Change -19.12% -10.55% -2.51%
% of Gross Profit 7.39% 9.72% 8.26%
Depreciation & Amortization $108.0K $552.0K $324.0K
YoY Change -79.93% -515.04% -90.5%
% of Gross Profit 1.89% 13.75% 1.47%
Operating Expenses $7.733M $7.480M $31.66M
YoY Change 2.6% -1.86% 16.6%
Operating Profit -$2.011M -$3.466M -$9.552M
YoY Change 42.73% 122.46% -8.85%
Interest Expense $938.0K -$927.0K $3.496M
YoY Change -215.52% 48.32% -239.01%
% of Operating Profit
Other Income/Expense, Net -$1.689M $269.0K -$4.097M
YoY Change 539.77% 5280.0% -58628.57%
Pretax Income -$3.700M -$4.124M -$13.65M
YoY Change 48.89% 89.35% 5.09%
Income Tax -$193.0K -$76.00K -$35.00K
% Of Pretax Income
Net Earnings -$3.507M -$4.057M -$13.68M
YoY Change 36.51% 78.96% 2.39%
Net Earnings / Revenue -12.61% -16.22% -13.34%
Basic Earnings Per Share -$0.45 -$1.82
Diluted Earnings Per Share -$0.45 -$0.53 -$1.83
COMMON SHARES
Basic Shares Outstanding 7.883M shares 7.694M shares 7.576M shares
Diluted Shares Outstanding 7.750M shares 7.576M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.230M $1.311M $1.311M
YoY Change -53.34% -81.5% -81.5%
Cash & Equivalents $3.230M $1.311M
Short-Term Investments
Other Short-Term Assets $729.0K $473.0K $1.741M
YoY Change -49.83% 5155.56% -12.78%
Inventory $8.885M $8.726M $8.726M
Prepaid Expenses $1.632M $1.268M
Receivables $25.65M $23.89M $23.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $40.13M $35.67M $35.67M
YoY Change -12.16% -17.35% -17.35%
LONG-TERM ASSETS
Property, Plant & Equipment $1.361M $1.086M $3.386M
YoY Change -68.25% -3.64% -27.7%
Goodwill $16.48M $16.54M
YoY Change 0.54%
Intangibles $24.01M
YoY Change -6.97%
Long-Term Investments
YoY Change
Other Assets $1.620M $1.744M $1.744M
YoY Change -0.61% 21.87% 21.87%
Total Long-Term Assets $28.35M $29.14M $29.14M
YoY Change -9.3% -8.71% -8.71%
TOTAL ASSETS
Total Short-Term Assets $40.13M $35.67M $35.67M
Total Long-Term Assets $28.35M $29.14M $29.14M
Total Assets $68.47M $64.81M $64.81M
YoY Change -11.0% -13.68% -13.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.22M $54.74M $54.74M
YoY Change 20.41% 20.16% 20.16%
Accrued Expenses $3.527M $3.575M $3.575M
YoY Change -24.46% -10.6% -10.6%
Deferred Revenue
YoY Change
Short-Term Debt $5.225M $1.971M $1.971M
YoY Change -28.94% -66.88% -66.88%
Long-Term Debt Due $11.04M $11.87M $11.87M
YoY Change 39.07% 49.98% 49.98%
Total Short-Term Liabilities $79.74M $73.54M $73.54M
YoY Change 12.33% 11.26% 11.26%
LONG-TERM LIABILITIES
Long-Term Debt $44.00K $55.00K $55.00K
YoY Change -98.68% -98.13% -98.13%
Other Long-Term Liabilities $314.0K $265.0K $1.741M
YoY Change -85.5% -81.31% -53.54%
Total Long-Term Liabilities $314.0K $265.0K $1.796M
YoY Change -94.28% -81.31% -73.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.74M $73.54M $73.54M
Total Long-Term Liabilities $314.0K $265.0K $1.796M
Total Liabilities $81.31M $75.34M $75.34M
YoY Change 3.03% 3.51% 0.21%
SHAREHOLDERS EQUITY
Retained Earnings -$88.00M -$84.00M
YoY Change 19.03%
Common Stock $8.000K $8.000K
YoY Change -60.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$12.84M -$10.53M -$10.53M
YoY Change
Total Liabilities & Shareholders Equity $68.47M $64.81M $64.81M
YoY Change -11.0% -13.68% -13.68%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.507M -$4.057M -$13.68M
YoY Change 36.51% 78.96% 2.39%
Depreciation, Depletion And Amortization $108.0K $552.0K $324.0K
YoY Change -79.93% -515.04% -90.5%
Cash From Operating Activities -$1.289M $3.204M $1.203M
YoY Change 66.32% -331.67% -137.89%
INVESTING ACTIVITIES
Capital Expenditures $341.0K $221.0K $451.0K
YoY Change -931.71% -67.36% -250.84%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.00K -$3.703M
YoY Change -100.0% -99.78% -58.56%
Cash From Investing Activities -$341.0K -$231.0K -$4.154M
YoY Change 432.81% -94.03% -55.02%
FINANCING ACTIVITIES
Cash Dividend Paid $1.448M
YoY Change 373.2%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.000M -5.392M -$3.057M
YoY Change 209.92% -322.44% -121.12%
NET CHANGE
Cash From Operating Activities -$1.289M 3.204M $1.203M
Cash From Investing Activities -$341.0K -231.0K -$4.154M
Cash From Financing Activities $3.000M -5.392M -$3.057M
Net Change In Cash $1.370M -2.419M -$6.008M
YoY Change 962.02% -14.4% -391.23%
FREE CASH FLOW
Cash From Operating Activities -$1.289M $3.204M $1.203M
Capital Expenditures $341.0K $221.0K $451.0K
Free Cash Flow -$1.630M $2.983M $752.0K
YoY Change 122.07% -244.81% -126.15%

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AmortizationOfIntangibleAssets
1799000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3160000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
31656000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
27149000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-9552000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-10480000 usd
CY2022 us-gaap Interest Expense
InterestExpense
3496000 usd
CY2021 us-gaap Interest Expense
InterestExpense
2515000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-601000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4097000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2508000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13649000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12988000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-35000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
156000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-35000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
156000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-13614000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-13144000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
67000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
218000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-13681000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-13362000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-13614000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-13144000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
365000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
71000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-13249000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-13073000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-20000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
59000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13229000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13132000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-13614000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-13144000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
206000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
77000 usd
CY2022 OMQS Net Loss After Noncommon Stockholder Dividends
NetLossAfterNoncommonStockholderDividends
-13820000 usd
CY2021 OMQS Net Loss After Noncommon Stockholder Dividends
NetLossAfterNoncommonStockholderDividends
-13221000 usd
CY2021 OMQS Net Income After Noncommon Stockholder Dividends Attributable To Noncontrolling Interest
NetIncomeAfterNoncommonStockholderDividendsAttributableToNoncontrollingInterest
218000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13820000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13439000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.82
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.20
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7576434 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6082763 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-5043000 usd
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
77000 usd
CY2021 OMQS Dividend Declared To Non Controlling Interest
DividendDeclaredToNonControllingInterest
-398000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
16000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
2552000 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
188000 usd
CY2021 OMQS Stock Issued During Period Warrant Issuances Net Of Issuance Costs
StockIssuedDuringPeriodWarrantIssuancesNetOfIssuanceCosts
13297000 usd
CY2021 OMQS Stock Issued During Period Value Exercise Of Stock Options And Warrants
StockIssuedDuringPeriodValueExerciseOfStockOptionsAndWarrants
438000 usd
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2084000 usd
CY2021 OMQS Stock Issued During Period Value For Dangot Acquisition
StockIssuedDuringPeriodValueForDangotAcquisition
6508000 usd
CY2021 OMQS Exercise To Purchase Additional Dangot Acquisition
ExerciseToPurchaseAdditionalDangotAcquisition
-4012000 usd
CY2021 OMQS Adjustments For Post Acquisition To Additional Paid In Capital Other
AdjustmentsForPostAcquisitionToAdditionalPaidInCapitalOther
-378000 usd
CY2021 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
71000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-7000 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
203000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-13144000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2298000 usd
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
206000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
37000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
3173000 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
109000 usd
CY2022 OMQS Stock Issued During Period Warrant Issuances Net Of Issuance Costs
StockIssuedDuringPeriodWarrantIssuancesNetOfIssuanceCosts
298000 usd
CY2022 OMQS Stock Issued During Period Value Exercise Of Stock Options And Warrants
StockIssuedDuringPeriodValueExerciseOfStockOptionsAndWarrants
147000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3111000 usd
CY2022 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
343000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-13614000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-13614000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10526000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-13614000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-13144000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-46000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
248000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3173000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2552000 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
109000 usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
188000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2119000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3411000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1000000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
199000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1472000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3291000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-585000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
295000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2490000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
538000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-131000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
117000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10830000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8352000 usd
CY2022 OMQS Increase In Accounts Payable And Accrued Liabilities Related Party
IncreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
8000 usd
CY2021 OMQS Increase In Accounts Payable And Accrued Liabilities Related Party
IncreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
7000 usd
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
268000 usd
CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-180000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1000000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-192000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
263000 usd
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-58000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1419000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-185000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1203000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3175000 usd
CY2022 OMQS Payment For Additional Ownership In Subsidiary
PaymentForAdditionalOwnershipInSubsidiary
3518000 usd
CY2021 OMQS Payment For Additional Ownership In Subsidiary
PaymentForAdditionalOwnershipInSubsidiary
4012000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4992000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
451000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
299000 usd
CY2022 OMQS Proceeds From Repayments Of Sale Of Other Productive Assets
ProceedsFromRepaymentsOfSaleOfOtherProductiveAssets
-185000 usd
CY2021 OMQS Proceeds From Repayments Of Sale Of Other Productive Assets
ProceedsFromRepaymentsOfSaleOfOtherProductiveAssets
68000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4154000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9235000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
37000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
16000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
147000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
438000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
1448000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
306000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13297000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2525000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4612000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4770000 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4603000 usd
CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-4038000 usd
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1037000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3057000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14473000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6008000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2063000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
234000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-105000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7085000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5127000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1311000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7085000 usd
CY2022 OMQS Declared Dividends Payable
DeclaredDividendsPayable
33000 usd
CY2021 OMQS Declared Dividends Payable
DeclaredDividendsPayable
464000 usd
CY2021 OMQS Assets Obtained Net Of Cash Including Noncontrolling Interest
AssetsObtainedNetOfCashIncludingNoncontrollingInterest
7390000 usd
CY2022 OMQS Stock Compensation In Exchange For Debt
StockCompensationInExchangeForDebt
298000 usd
CY2021 OMQS Purchase Of Ppe With Financing
PurchaseOfPpeWithFinancing
155000 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
203000 usd
CY2021 us-gaap Notes Issued1
NotesIssued1
2000 usd
CY2021 OMQS Right Of Use Lease Asset On Non Cash Information
RightOfUseLeaseAssetOnNonCashInformation
1108000 usd
CY2021 OMQS Change In Terms Of Accounts Payable
ChangeInTermsOfAccountsPayable
47000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
3487000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1547000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
160000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
151000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_800_eus-gaap--NatureOfOperations_zPqSsPWozjZ9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_822_zOFT8Ag30xZg">NATURE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">OMNIQ Corp., a Delaware corporation, formerly Quest Solution, Inc., together with its majority and wholly owned subsidiaries, referred to herein as “we,” “us,” and “our” (“OMNIQ” or the “Company”), was incorporated in 1973. Since its incorporation, the Company has been involved in various lines of business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">From 2008 and to 2013, we were in the business of developing oil and gas reserves. In January 2014, we determined it was in the best interest of our stockholders to focus on operating companies with a track record of positive cash flows and larger existing revenue bases. Our strategy developed into leveraging management’s relationships in the business world for investments for the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since 2014, we have made the following acquisitions resulting in us becoming a leading provider of computerized and machine vision image processing solutions:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Quest Solutions, Inc. (January 2014)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bar Code Specialties, Inc. (November 2014)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ViascanQdata, Inc (October 2015 – later sold in September 2016)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">HTS Image Processing, Inc. (October 2018)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">EyepaxIT Consulting LLC. (February 2020)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dangot Computers Ltd. (July 2021)</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We use patented and proprietary artificial intelligence (AI) technology to deliver data collection, real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic &amp; parking management and access control applications. The technology and services we provide helps our clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We offer end-to-end solutions that include hardware, software, communications, and full lifecycle management services. We are an established manufacturer and distributor of barcode labels, tags, and ribbons, as well as RFID labels and tags. Our highly tenured team of professionals has the knowledge and expertise to simplify the integration process for our customers, and our team delivers proven problem-solving solutions backed by numerous customer references. We offer comprehensive packaged and configurable software, and we are a leading provider of best-in-class mobile and wireless equipment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our customers include government agencies and leading Fortune 500 companies from diverse sectors, including healthcare, food and beverage, manufacturing, retail, distribution, transportation and logistics, and oil, gas, and chemicals.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p>
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