2021 Q3 Form 10-Q Financial Statement
#000149315221022538 Filed on September 13, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $272.0K | $170.0K |
| YoY Change | 60.0% | -15.0% |
| Cost Of Revenue | $423.0K | $330.0K |
| YoY Change | 28.18% | -10.81% |
| Gross Profit | -$151.0K | -$170.0K |
| YoY Change | -11.18% | 0.0% |
| Gross Profit Margin | -55.51% | -100.0% |
| Selling, General & Admin | $2.909M | $1.990M |
| YoY Change | 46.18% | 17.06% |
| % of Gross Profit | ||
| Research & Development | $1.971M | $1.250M |
| YoY Change | 57.68% | 4.17% |
| % of Gross Profit | ||
| Depreciation & Amortization | $46.00K | $40.00K |
| YoY Change | 15.0% | -55.56% |
| % of Gross Profit | ||
| Operating Expenses | $4.880M | $3.240M |
| YoY Change | 50.62% | 12.11% |
| Operating Profit | -$5.031M | -$3.410M |
| YoY Change | 47.54% | 11.44% |
| Interest Expense | $20.00K | $20.00K |
| YoY Change | 0.0% | -50.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$4.120M | -$3.390M |
| YoY Change | 21.53% | 11.88% |
| Income Tax | -$1.041M | |
| % Of Pretax Income | ||
| Net Earnings | -$3.079M | -$3.390M |
| YoY Change | -9.17% | 11.88% |
| Net Earnings / Revenue | -1131.99% | -1994.12% |
| Basic Earnings Per Share | -$0.06 | |
| Diluted Earnings Per Share | -$58.69K | -$216.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 52.46B shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $77.72M | $11.10M |
| YoY Change | 600.18% | -16.54% |
| Cash & Equivalents | $77.72M | $11.10M |
| Short-Term Investments | ||
| Other Short-Term Assets | $891.0K | $1.200M |
| YoY Change | -25.75% | 100.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $750.0K | $400.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $79.36M | $12.60M |
| YoY Change | 529.85% | -10.64% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.340M | $1.600M |
| YoY Change | -16.25% | -15.79% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $222.0K | $200.0K |
| YoY Change | 11.0% | 0.0% |
| Total Long-Term Assets | $1.830M | $1.800M |
| YoY Change | 1.67% | -14.29% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $79.36M | $12.60M |
| Total Long-Term Assets | $1.830M | $1.800M |
| Total Assets | $81.19M | $14.40M |
| YoY Change | 463.83% | -11.11% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $454.0K | $200.0K |
| YoY Change | 127.0% | 100.0% |
| Accrued Expenses | $2.138M | $2.000M |
| YoY Change | 6.9% | 11.11% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $400.0K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.652M | $2.700M |
| YoY Change | -1.78% | 28.57% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $500.0K | |
| YoY Change | ||
| Other Long-Term Liabilities | $774.0K | $1.100M |
| YoY Change | -29.64% | -15.38% |
| Total Long-Term Liabilities | $0.00 | $1.600M |
| YoY Change | -100.0% | 23.08% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.652M | $2.700M |
| Total Long-Term Liabilities | $0.00 | $1.600M |
| Total Liabilities | $3.426M | $4.300M |
| YoY Change | -20.33% | 30.3% |
| 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 | $77.77M | $10.10M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $81.19M | $14.40M |
| YoY Change | 463.83% | -11.11% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
| CY2020Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
USD | |
| CY2020Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q3 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
USD | |
| CY2020Q3 | OPTT |
Increase Decrease In Litigation Payable
IncreaseDecreaseInLitigationPayable
|
USD | |
| CY2020Q3 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
USD | |
| CY2020Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
USD | |
| CY2021Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2021Q3 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
USD | |
| CY2021Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
| CY2021Q3 | OPTT |
Prepaid Financing Costs Reported In Accrued Expenses
PrepaidFinancingCostsReportedInAccruedExpenses
|
USD | |
| CY2021Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
| CY2021Q3 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD |
