2024 Q2 Form 10-Q Financial Statement
#000165495424006689 Filed on May 20, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $1.727M | $1.587M |
YoY Change | 31.8% | 17.4% |
Cost Of Revenue | $751.2K | $582.6K |
YoY Change | 51.91% | -4.27% |
Gross Profit | $975.4K | $1.004M |
YoY Change | 19.6% | 35.13% |
Gross Profit Margin | 56.49% | 63.29% |
Selling, General & Admin | $1.504M | $1.338M |
YoY Change | -4.35% | -21.13% |
% of Gross Profit | 154.22% | 133.21% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $277.9K | $277.9K |
YoY Change | 46.18% | 62.51% |
% of Gross Profit | 28.49% | 27.67% |
Operating Expenses | $1.735M | $1.612M |
YoY Change | -18.32% | -23.01% |
Operating Profit | -$759.1K | -$608.1K |
YoY Change | -41.96% | -55.0% |
Interest Expense | -$23.78K | -$22.87K |
YoY Change | -394.31% | -135.57% |
% of Operating Profit | ||
Other Income/Expense, Net | -$22.62K | -$22.45K |
YoY Change | -262.7% | -133.46% |
Pretax Income | -$781.7K | -$630.5K |
YoY Change | -39.59% | -50.9% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$781.7K | -$630.5K |
YoY Change | -39.59% | -50.9% |
Net Earnings / Revenue | -45.28% | -39.73% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$0.17 | -$0.14 |
COMMON SHARES | ||
Basic Shares Outstanding | 5.107M shares | 0.000 shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $310.0K | $529.8K |
YoY Change | -92.35% | -88.64% |
Cash & Equivalents | $310.0K | $529.8K |
Short-Term Investments | ||
Other Short-Term Assets | $164.6K | $192.4K |
YoY Change | 0.15% | -20.31% |
Inventory | $84.59K | $92.52K |
Prepaid Expenses | ||
Receivables | $264.9K | $123.8K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $824.1K | $938.5K |
YoY Change | -81.44% | -81.64% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | $3.096M | $3.096M |
YoY Change | -27.05% | -26.63% |
Intangibles | $4.398M | $4.060M |
YoY Change | 5.07% | -10.89% |
Long-Term Investments | $266.8K | $267.9K |
YoY Change | -3.73% | -3.93% |
Other Assets | $121.3K | $147.4K |
YoY Change | -6.34% | 15.3% |
Total Long-Term Assets | $8.085M | $7.735M |
YoY Change | -10.07% | -17.15% |
TOTAL ASSETS | ||
Total Short-Term Assets | $824.1K | $938.5K |
Total Long-Term Assets | $8.085M | $7.735M |
Total Assets | $8.909M | $8.674M |
YoY Change | -33.67% | -39.96% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $703.5K | $460.4K |
YoY Change | 99.73% | 34.36% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Long-Term Debt Due | $128.7K | $791.6K |
YoY Change | -94.67% | -67.24% |
Total Short-Term Liabilities | $3.016M | $2.754M |
YoY Change | -3.99% | -10.69% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.089M | $690.0K |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $1.089M | $690.0K |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.016M | $2.754M |
Total Long-Term Liabilities | $1.089M | $690.0K |
Total Liabilities | $4.105M | $3.444M |
YoY Change | 30.67% | 11.69% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$17.53M | -$16.66M |
YoY Change | 70.85% | 86.91% |
Common Stock | $118.00 | $5.108K |
YoY Change | -99.97% | -98.78% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.483M | $5.230M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.909M | $8.674M |
YoY Change | -33.67% | -39.96% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$781.7K | -$630.5K |
YoY Change | -39.59% | -50.9% |
Depreciation, Depletion And Amortization | $277.9K | $277.9K |
YoY Change | 46.18% | 62.51% |
Cash From Operating Activities | -$332.7K | -$431.0K |
YoY Change | -37.71% | -57.83% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | $240.0K | |
YoY Change | -71.76% | |
Other Investing Activities | -$54.00K | -$250.0K |
YoY Change | -70.59% | |
Cash From Investing Activities | -$54.00K | -$250.0K |
YoY Change | -70.59% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $70.12K | |
YoY Change | -6.5% | |
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 151.6K | $264.1K |
YoY Change | -338.87% | -295.18% |
NET CHANGE | ||
Cash From Operating Activities | -332.7K | -$431.0K |
Cash From Investing Activities | -54.00K | -$250.0K |
Cash From Financing Activities | 151.6K | $264.1K |
Net Change In Cash | -235.1K | -$452.5K |
YoY Change | -60.66% | -77.79% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$332.7K | -$431.0K |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
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|
51025 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-711478 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1335100 | usd |
CY2024Q1 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
39134 | usd |
CY2023Q1 | us-gaap |
Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
|
7481 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-750612 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1342581 | usd |
CY2024Q1 | onfo |
Net Loss Earnings Per Share Basic And Diluted
NetLossEarningsPerShareBasicAndDiluted
|
-0.14 | |
CY2023Q1 | onfo |
Net Loss Earnings Per Share Basic And Diluted
NetLossEarningsPerShareBasicAndDiluted
|
-0.26 | |
CY2024Q1 | onfo |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
5107395 | shares |
CY2023Q1 | onfo |
Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
|
5110196 | shares |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5342368 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
611000 | usd |
CY2024Q1 | onfo |
Sale Of Preferred Stock For Cash Amount
SaleOfPreferredStockForCashAmount
|
10000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
17887 | usd |
CY2024Q1 | onfo |
Warrants Issued For Acquisition
WarrantsIssuedForAcquisition
|
0 | usd |
CY2024Q1 | onfo |
Preferred Dividends
PreferredDividends
|
-81645 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-39134 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-630497 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5229979 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12472435 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
233355 | usd |
CY2023Q1 | onfo |
Preferred Dividends
PreferredDividends
|
-51025 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-7481 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1284075 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11363209 | usd |
CY2024Q1 | onfo |
Investment In Unconsolidated Entities
InvestmentInUnconsolidatedEntities
|
10000 | usd |
CY2023Q1 | onfo |
Investment In Unconsolidated Entities
InvestmentInUnconsolidatedEntities
|
0 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Beat Percent
EffectiveIncomeTaxRateReconciliationBeatPercent
|
0.50 | pure |
CY2023Q1 | onfo |
Revenue In Joint Venture
RevenueInJointVenture
|
22210 | usd |
CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
19241 | usd |
CY2023Q1 | us-gaap |
Dividends
Dividends
|
51025 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
74994 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2024Q1 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
10742 | usd |
CY2023Q1 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
21691 | usd |
CY2024Q1 | us-gaap |
Officers Compensation
OfficersCompensation
|
14290 | usd |
CY2024Q1 | onfo |
Non Rule Ten B Fifty One Arrangement Adopted Flag
NonRuleTenBFiftyOneArrangementAdoptedFlag
|
adopted | |
CY2024Q1 | onfo |
Non Rule Ten B Fifty One Arrangement Terminated Flag
NonRuleTenBFiftyOneArrangementTerminatedFlag
|
terminated |