2020 Q3 Form 10-Q Financial Statement

#000156459020049656 Filed on November 02, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $940.0K $890.0K $900.0K
YoY Change 4.44% -1.11% -2.17%
% of Gross Profit
Research & Development $1.051M $380.0K $350.0K
YoY Change 200.29% -39.68% -52.7%
% of Gross Profit
Depreciation & Amortization $10.00K $0.00 $10.00K
YoY Change 0.0% 0.0%
% of Gross Profit
Operating Expenses $1.051M $1.280M $1.250M
YoY Change -15.92% -16.34% -24.7%
Operating Profit
YoY Change
Interest Expense $2.000K $40.00K $1.000K
YoY Change 100.0% 0.0% -97.5%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.991M -$1.240M -$1.198M
YoY Change 66.19% -16.78% -26.23%
Income Tax $0.00 -$20.00K -$42.00K
% Of Pretax Income
Net Earnings -$1.991M -$1.226M -$1.156M
YoY Change 72.23% -17.66% -27.43%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$329.5K -$768.7K -$763.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.10M $8.400M $9.600M
YoY Change 432.29% 27.27% 18.52%
Cash & Equivalents $51.10M $8.363M $9.645M
Short-Term Investments
Other Short-Term Assets $800.0K $117.0K $300.0K
YoY Change 166.67% -30.77% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $51.90M $8.480M $9.900M
YoY Change 424.24% 25.13% 17.86%
LONG-TERM ASSETS
Property, Plant & Equipment $10.00K $10.00K $0.00
YoY Change -58.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $36.00K $24.00K $0.00
YoY Change 0.0%
Total Long-Term Assets $82.00K $56.00K $0.00
YoY Change 16.67%
TOTAL ASSETS
Total Short-Term Assets $51.90M $8.480M $9.900M
Total Long-Term Assets $82.00K $56.00K $0.00
Total Assets $51.98M $8.536M $9.900M
YoY Change 425.07% 25.07% 17.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $761.0K $418.0K $100.0K
YoY Change 661.0% 81.74% -50.0%
Accrued Expenses $800.0K $500.0K $1.000M
YoY Change -20.0% -16.67% 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.527M $926.0K $1.200M
YoY Change 27.25% 16.77% 20.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.527M $926.0K $1.200M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.500M $926.0K $1.200M
YoY Change 25.0% 15.75% 20.0%
SHAREHOLDERS EQUITY
Retained Earnings -$149.0M -$144.4M
YoY Change
Common Stock $199.5M $152.0M
YoY Change 4.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.46M $7.610M $8.799M
YoY Change
Total Liabilities & Shareholders Equity $51.98M $8.536M $9.900M
YoY Change 425.07% 25.53% 17.86%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$1.991M -$1.226M -$1.156M
YoY Change 72.23% -17.66% -27.43%
Depreciation, Depletion And Amortization $10.00K $0.00 $10.00K
YoY Change 0.0% 0.0%
Cash From Operating Activities -$2.000M -$1.160M -$880.0K
YoY Change 127.27% -13.43% -43.95%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $24.10M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 42.06M -120.0K 570.0K
YoY Change 7278.95% 9.09%
NET CHANGE
Cash From Operating Activities -2.000M -1.160M -880.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 42.06M -120.0K 570.0K
Net Change In Cash 40.06M -1.280M -310.0K
YoY Change -13022.58% -11.72% -80.25%
FREE CASH FLOW
Cash From Operating Activities -$2.000M -$1.160M -$880.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$2.000M -$1.160M -$880.0K
YoY Change 127.27% -13.43% -43.95%

Facts In Submission

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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M14D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M29D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y3M14D
CY2020Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0

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