2021 Form 10-K Financial Statement
#000149315222008157 Filed on March 30, 2022
Income Statement
| Concept | 2021 | 2019 Q4 |
|---|---|---|
| Revenue | $35.50M | $1.120M |
| YoY Change | 364.08% | -39.52% |
| Cost Of Revenue | $36.64M | |
| YoY Change | ||
| Gross Profit | -$1.142M | |
| YoY Change | ||
| Gross Profit Margin | -3.22% | |
| Selling, General & Admin | $14.09M | $2.730M |
| YoY Change | -8.5% | -44.96% |
| % of Gross Profit | ||
| Research & Development | $36.35M | $2.950M |
| YoY Change | -58.25% | 106.15% |
| % of Gross Profit | ||
| Depreciation & Amortization | $1.864M | $970.0K |
| YoY Change | 29.44% | 1027.91% |
| % of Gross Profit | ||
| Operating Expenses | $52.30M | $5.940M |
| YoY Change | -49.43% | 315.09% |
| Operating Profit | -$16.80M | |
| YoY Change | ||
| Interest Expense | -$1.789M | -$540.0K |
| YoY Change | 36.56% | -164.29% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $2.503M | $290.0K |
| YoY Change | 615.14% | -1174.07% |
| Pretax Income | -$17.95M | -$5.070M |
| YoY Change | -81.44% | 69.57% |
| Income Tax | $108.0K | -$120.0K |
| % Of Pretax Income | ||
| Net Earnings | -$18.05M | -$6.060M |
| YoY Change | -1726.4% | 120.85% |
| Net Earnings / Revenue | -50.85% | -541.07% |
| Basic Earnings Per Share | $0.74 | |
| Diluted Earnings Per Share | -$743.7K | -$377.3K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 24.27M shares | 16.16M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2019 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $5.473M | $100.0K |
| YoY Change | -87.82% | -99.38% |
| Cash & Equivalents | $5.473M | $12.04M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.689M | $76.10M |
| YoY Change | -1.8% | 5753.85% |
| Inventory | $118.0K | $2.043M |
| Prepaid Expenses | $1.227M | |
| Receivables | $15.25M | $8.485M |
| Other Receivables | $3.233M | $200.0K |
| Total Short-Term Assets | $25.76M | $25.98M |
| YoY Change | -48.57% | -7.41% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $11.29M | $24.45M |
| YoY Change | 148.04% | 96.29% |
| Goodwill | $14.94M | |
| YoY Change | -1.48% | |
| Intangibles | $14.21M | |
| YoY Change | -14.64% | |
| Long-Term Investments | $152.0K | |
| YoY Change | -15.56% | |
| Other Assets | $1.168M | $82.00K |
| YoY Change | 4.29% | -72.39% |
| Total Long-Term Assets | $34.08M | $66.52M |
| YoY Change | 23.49% | 45.17% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $25.76M | $25.98M |
| Total Long-Term Assets | $34.08M | $66.52M |
| Total Assets | $59.84M | $92.50M |
| YoY Change | -22.96% | 25.2% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.238M | $11.31M |
| YoY Change | -39.45% | 146.67% |
| Accrued Expenses | $2.873M | $1.987M |
| YoY Change | 4.85% | 32.56% |
| Deferred Revenue | $8.626M | |
| YoY Change | 62.23% | |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $5.903M | $800.0K |
| YoY Change | 42.58% | -20.0% |
| Total Short-Term Liabilities | $15.37M | $31.58M |
| YoY Change | -5.68% | 84.02% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $4.895M | $12.10M |
| YoY Change | -32.58% | 348.15% |
| Other Long-Term Liabilities | $950.0K | $331.0K |
| YoY Change | -32.62% | 11.45% |
| Total Long-Term Liabilities | $5.845M | $23.88M |
| YoY Change | -32.58% | 316.01% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $15.37M | $31.58M |
| Total Long-Term Liabilities | $5.845M | $23.88M |
| Total Liabilities | $21.35M | $55.46M |
| YoY Change | -14.96% | 142.17% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$89.43M | |
| YoY Change | 37.24% | |
| Common Stock | $2.000K | |
| YoY Change | 0.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $38.49M | $5.477M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $59.84M | $92.50M |
| YoY Change | -22.96% | 25.2% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2020Q4 | ORGS |
Convertible Loan To Related Party
ConvertibleLoanToRelatedParty
|
USD | |
| CY2020Q4 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
USD | |
| CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
USD | |
| CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
USD | |
| CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
||
| CY2021 | ORGS |
Income Losses From Discontinued Operation Net Of Tax
IncomeLossesFromDiscontinuedOperationNetOfTax
|
USD | |
| CY2021 | ORGS |
Other Comprehensive Income Release Of Translation Adjustment Due To Sale Of Subsidiary
OtherComprehensiveIncomeReleaseOfTranslationAdjustmentDueToSaleOfSubsidiary
|
USD | |
| CY2021 | ORGS |
Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Discontinued Operations
ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestDiscontinuedOperations
|
USD | |
| CY2021 | ORGS |
Share Based Compensation One
ShareBasedCompensationOne
|
USD | |
| CY2021 | us-gaap |
Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
|
USD | |
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
USD | |
| CY2021 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
USD | |
| CY2021 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
USD | |
| CY2020 | ORGS |
Investment In Convertible Loan To Related Party
InvestmentInConvertibleLoanToRelatedParty
|
USD | |
| CY2020 | us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
USD | |
| CY2020 | us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
USD | |
| CY2021 | us-gaap |
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
|
USD | |
| CY2020 | ORGS |
Payments Of Investment Deposits
PaymentsOfInvestmentDeposits
|
USD | |
| CY2021 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
USD | |
| CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
| CY2021 | ORGS |
Finance Leases Of Property Plant And Equipment
FinanceLeasesOfPropertyPlantAndEquipment
|
USD | |
| CY2021 | ORGS |
Rightofuse Assets Obtained In Exchange For New Operation Lease Liabilities Net
RightofuseAssetsObtainedInExchangeForNewOperationLeaseLiabilitiesNet
|
USD | |
| CY2021 | ORGS |
Acquisition Of Other Asset In Exchange For Common Stocks
AcquisitionOfOtherAssetInExchangeForCommonStocks
|
USD | |
| CY2021 | ORGS |
Issuance Of Common Stocks In Connection With Acquisition
IssuanceOfCommonStocksInConnectionWithAcquisition
|
USD | |
| CY2020 | ORGS |
Convertible Loan Restructuring Extinguishment
ConvertibleLoanRestructuringExtinguishment
|
USD | |
| CY2020 | us-gaap |
Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal
DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
|
USD | |
| CY2021Q4 | us-gaap |
Debt Current
DebtCurrent
|
USD | |
| CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
USD | |
| CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
USD | |
| CY2019Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
USD | |
| CY2020 | ORGS |
Equity Method Investment Exchange Rate Difference
EquityMethodInvestmentExchangeRateDifference
|
USD | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
| CY2020 | ORGS |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedWeightedAverageExercisePrice
|
||
| CY2021 | us-gaap |
Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
|
USD | |
| CY2021 | ORGS |
Adjustment Of Redeemable Noncontrolling Interest To Redemption Amount
AdjustmentOfRedeemableNoncontrollingInterestToRedemptionAmount
|
USD | |
| CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
USD | |
| CY2021 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
||
| CY2020Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
USD | |
| CY2020Q4 | ORGS |
Deferred Tax Assets Loans
DeferredTaxAssetsLoans
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
USD | |
| CY2021 | ORGS |
Accounts Receivable Acquisition Of Koligo
AccountsReceivableAcquisitionOfKoligo
|
USD | |
| CY2021 | ORGS |
Contract With Customer Liability Addition
ContractWithCustomerLiabilityAddition
|
USD | |
| CY2021 | ORGS |
Contract With Customer Liability Realizations
ContractWithCustomerLiabilityRealizations
|
USD | |
| CY2021 | ORGS |
Contract With Customer Liability Exchange Rate Differences
ContractWithCustomerLiabilityExchangeRateDifferences
|
USD | |
| CY2021 | ORGS |
Grants Income
GrantsIncome
|
USD | |
| CY2020Q4 | ORGS |
Due From Related Parties Noncurrent1
DueFromRelatedPartiesNoncurrent1
|
USD | |
| CY2021Q4 | ORGS |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Fair Valueof Shares Issued
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFairValueofSharesIssued
|
11172000 | USD |
| CY2021Q4 | ORGS |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwill
|
3704000 | USD |
