2020 Q1 Form 10-Q Financial Statement
#000149315220008039 Filed on May 08, 2020
Income Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| Revenue | $1.880M | $420.0K |
| YoY Change | 347.62% | -84.09% |
| Cost Of Revenue | $310.0K | |
| YoY Change | -81.1% | |
| Gross Profit | $110.0K | |
| YoY Change | -88.89% | |
| Gross Profit Margin | 26.19% | |
| Selling, General & Admin | $3.240M | $2.650M |
| YoY Change | 22.26% | -20.66% |
| % of Gross Profit | 2409.09% | |
| Research & Development | $5.080M | $5.810M |
| YoY Change | -12.56% | 560.23% |
| % of Gross Profit | 5281.82% | |
| Depreciation & Amortization | $490.0K | $940.0K |
| YoY Change | -47.87% | 46.88% |
| % of Gross Profit | 854.55% | |
| Operating Expenses | $8.610M | $8.390M |
| YoY Change | 2.62% | 98.35% |
| Operating Profit | -$8.280M | |
| YoY Change | 155.56% | |
| Interest Expense | -$480.0K | -$80.00K |
| YoY Change | 500.0% | -96.95% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $150.0K | -$20.00K |
| YoY Change | -850.0% | 100.0% |
| Pretax Income | -$7.060M | -$8.380M |
| YoY Change | -15.75% | 42.76% |
| Income Tax | -$50.00K | -$50.00K |
| % Of Pretax Income | ||
| Net Earnings | -$75.02M | $8.450M |
| YoY Change | -987.86% | -250.62% |
| Net Earnings / Revenue | -3990.64% | 2011.9% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $3.936M | -$533.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.36M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $107.1M | $14.40M |
| YoY Change | 643.75% | 242.86% |
| Cash & Equivalents | $107.7M | $14.76M |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.700M | $1.400M |
| YoY Change | 92.86% | 55.56% |
| Inventory | $100.0K | $2.000M |
| Prepaid Expenses | ||
| Receivables | $2.900M | $6.000M |
| Other Receivables | $200.0K | $200.0K |
| Total Short-Term Assets | $112.9M | $23.90M |
| YoY Change | 372.38% | 177.91% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.100M | $27.10M |
| YoY Change | -88.56% | 383.93% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $400.0K | $800.0K |
| YoY Change | -50.0% | 100.0% |
| Total Long-Term Assets | $14.30M | $60.90M |
| YoY Change | -76.52% | 80.18% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $112.9M | $23.90M |
| Total Long-Term Assets | $14.30M | $60.90M |
| Total Assets | $127.2M | $84.80M |
| YoY Change | 50.0% | 100.0% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.400M | $5.500M |
| YoY Change | -74.55% | 44.74% |
| Accrued Expenses | $3.900M | $5.900M |
| YoY Change | -33.9% | 55.26% |
| Deferred Revenue | $396.0K | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $400.0K | $1.200M |
| YoY Change | -66.67% | -40.0% |
| Total Short-Term Liabilities | $25.90M | $21.80M |
| YoY Change | 18.81% | 34.57% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $10.90M | $3.400M |
| YoY Change | 220.59% | 30.77% |
| Other Long-Term Liabilities | $700.0K | $12.40M |
| YoY Change | -94.35% | |
| Total Long-Term Liabilities | $11.60M | $15.80M |
| YoY Change | -26.58% | 507.69% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $25.90M | $21.80M |
| Total Long-Term Liabilities | $11.60M | $15.80M |
| Total Liabilities | $37.70M | $64.00M |
| YoY Change | -41.09% | 179.48% |
| 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 | $89.50M | $20.80M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $127.2M | $84.80M |
| YoY Change | 50.0% | 100.0% |
Cashflow Statement
| Concept | 2020 Q1 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$75.02M | $8.450M |
| YoY Change | -987.86% | -250.62% |
| Depreciation, Depletion And Amortization | $490.0K | $940.0K |
| YoY Change | -47.87% | 46.88% |
| Cash From Operating Activities | -$13.69M | -$4.511M |
| YoY Change | 203.55% | 115.84% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $699.0K | $1.038M |
| YoY Change | -32.66% | -288.73% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $103.7M | -$1.330M |
| YoY Change | -7900.0% | 280.0% |
| Cash From Investing Activities | $103.0M | -$2.363M |
| YoY Change | -4460.77% | 162.56% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | $6.357M | $6.602M |
| YoY Change | -3.71% | 86.5% |
| NET CHANGE | ||
| Cash From Operating Activities | -$13.69M | -$4.511M |
| Cash From Investing Activities | $103.0M | -$2.363M |
| Cash From Financing Activities | $6.357M | $6.602M |
| Net Change In Cash | $95.71M | -$272.0K |
| YoY Change | -35287.13% | -149.45% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$13.69M | -$4.511M |
| Capital Expenditures | $699.0K | $1.038M |
| Free Cash Flow | -$14.39M | -$5.549M |
| YoY Change | 159.36% | 260.32% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q1 | ORGS |
Disposal Group Including Discontinued Operation Other Expenses
DisposalGroupIncludingDiscontinuedOperationOtherExpenses
|
-305000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
8438000 | USD |
| CY2019Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
USD | |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-75024000 | USD |
| CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
8450000 | USD |
| CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
866000 | USD |
| CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1073000 | USD |
| CY2020Q1 | ORGS |
Share Based Compensation1
ShareBasedCompensation1
|
USD | |
| CY2019Q1 | ORGS |
Share Based Compensation1
ShareBasedCompensation1
|
2641000 | USD |
| CY2020Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-11000 | USD |
| CY2019Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
4000 | USD |
| CY2020Q1 | us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
102623000 | USD |
| CY2019Q1 | us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
USD | |
| CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
494000 | USD |
| CY2019Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
938000 | USD |
| CY2020Q1 | ORGS |
Net Changes In Operating Leases
NetChangesInOperatingLeases
|
8000 | USD |
| CY2019Q1 | ORGS |
Net Changes In Operating Leases
NetChangesInOperatingLeases
|
-1247000 | USD |
| CY2020Q1 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
257000 | USD |
| CY2019Q1 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
5000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1370000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2870000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
76000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
366000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
20000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
USD | |
| CY2020Q1 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
138000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
88000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
697000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-134000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5206000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
980000 | USD |
| CY2020Q1 | ORGS |
Increase Decrease In Accured Expenses And Other Payables
IncreaseDecreaseInAccuredExpensesAndOtherPayables
|
19595000 | USD |
| CY2019Q1 | ORGS |
Increase Decrease In Accured Expenses And Other Payables
IncreaseDecreaseInAccuredExpensesAndOtherPayables
|
32000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-113000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
46000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
170000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
2470000 | USD |
| CY2020Q1 | ORGS |
Increase Decrease Increase Decrease In Advance Payment On Account Of Grant
IncreaseDecreaseIncreaseDecreaseInAdvancePaymentOnAccountOfGrant
|
-104000 | USD |
| CY2019Q1 | ORGS |
Increase Decrease Increase Decrease In Advance Payment On Account Of Grant
IncreaseDecreaseIncreaseDecreaseInAdvancePaymentOnAccountOfGrant
|
68000 | USD |
| CY2020Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-47000 | USD |
| CY2019Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-49000 | USD |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13693000 | USD |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4511000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
-500000 | USD |
| CY2019Q1 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
-1000000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
USD | |
| CY2019Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
81000 | USD |
| CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
699000 | USD |
| CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1038000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
|
104222000 | USD |
| CY2019Q1 | us-gaap |
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
|
USD | |
| CY2020Q1 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
-22000 | USD |
| CY2019Q1 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
406000 | USD |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
103045000 | USD |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2363000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
USD | |
| CY2019Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
6600000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
250000 | USD |
| CY2019Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
| CY2020Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
1900000 | USD |
| CY2019Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | |
| CY2020Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
431000 | USD |
| CY2019Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
92000 | USD |
| CY2020Q1 | ORGS |
Grants Received
GrantsReceived
|
USD | |
| CY2019Q1 | ORGS |
Grants Received
GrantsReceived
|
89000 | USD |
| CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
USD | |
| CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
5000 | USD |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6357000 | USD |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6602000 | USD |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
95709000 | USD |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-272000 | USD |
| CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-84000 | USD |
| CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
35000 | USD |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
107666000 | USD |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
12041000 | USD |
| CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
14999000 | USD |
| CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
14762000 | USD |
| CY2020Q1 | ORGS |
Finance Leases Of Property Plant And Equipment
FinanceLeasesOfPropertyPlantAndEquipment
|
363000 | USD |
| CY2019Q1 | ORGS |
Finance Leases Of Property Plant And Equipment
FinanceLeasesOfPropertyPlantAndEquipment
|
USD | |
| CY2020Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
231000 | USD |
| CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2020Q1 | ORGS |
Purchase Of Property Plant And Equipment Included In Accounts Payable
PurchaseOfPropertyPlantAndEquipmentIncludedInAccountsPayable
|
756000 | USD |
| CY2019Q1 | ORGS |
Purchase Of Property Plant And Equipment Included In Accounts Payable
PurchaseOfPropertyPlantAndEquipmentIncludedInAccountsPayable
|
USD |
