2024 Q2 Form 10-Q Financial Statement

#000165495424006689 Filed on May 20, 2024

View on sec.gov

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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