2021 Form 10-K Financial Statement
#000149315222010094 Filed on April 15, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.741M | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $5.467M | $5.023M |
| YoY Change | 8.84% | 70.93% |
| % of Gross Profit | ||
| Research & Development | $3.659M | $4.302M |
| YoY Change | -14.96% | 213.56% |
| % of Gross Profit | ||
| Depreciation & Amortization | $61.52K | $364.2K |
| YoY Change | -83.11% | 500.43% |
| % of Gross Profit | ||
| Operating Expenses | $9.126M | $9.326M |
| YoY Change | -2.14% | 116.33% |
| Operating Profit | -$9.126M | |
| YoY Change | ||
| Interest Expense | -$1.711M | -$2.043M |
| YoY Change | -16.28% | 266.31% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$1.391M | |
| YoY Change | ||
| Pretax Income | -$10.52M | -$9.972M |
| YoY Change | 5.47% | 50.22% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$9.391M | -$9.503M |
| YoY Change | -1.17% | 43.15% |
| Net Earnings / Revenue | -545.86% | |
| Basic Earnings Per Share | -$0.03 | |
| Diluted Earnings Per Share | -$30.99K | -$107.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 303.1M shares | |
| Diluted Shares Outstanding | 303.1M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $568.8K | $474.0K |
| YoY Change | 19.99% | 478.36% |
| Cash & Equivalents | $568.8K | $474.0K |
| Short-Term Investments | ||
| Other Short-Term Assets | $38.78K | $121.9K |
| YoY Change | -68.18% | 195.16% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $19.75K | $19.75K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $627.3K | $615.6K |
| YoY Change | 1.89% | 125.51% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $0.00 | $10.15K |
| YoY Change | -100.0% | -78.65% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $22.99M | $23.05M |
| YoY Change | -0.27% | -1.56% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $627.3K | $615.6K |
| Total Long-Term Assets | $22.99M | $23.05M |
| Total Assets | $23.61M | $23.66M |
| YoY Change | -0.21% | -0.09% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.331M | $2.329M |
| YoY Change | 0.09% | -2.74% |
| Accrued Expenses | $1.165M | $798.4K |
| YoY Change | 45.91% | 204.79% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $4.924M | $2.653M |
| YoY Change | 85.6% | 176.08% |
| Long-Term Debt Due | $4.070M | $2.000M |
| YoY Change | 103.49% | |
| Total Short-Term Liabilities | $15.45M | $11.18M |
| YoY Change | 38.21% | 64.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $15.45M | $11.18M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $15.66M | $11.89M |
| YoY Change | 31.67% | 75.31% |
| 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 | $7.956M | $11.77M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $23.61M | $23.66M |
| YoY Change | -0.21% | -0.09% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$9.391M | -$9.503M |
| YoY Change | -1.17% | 43.15% |
| Depreciation, Depletion And Amortization | $61.52K | $364.2K |
| YoY Change | -83.11% | 500.43% |
| Cash From Operating Activities | -$4.434M | -$2.812M |
| YoY Change | 57.7% | 23.3% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 4.529M | 3.224M |
| YoY Change | 40.48% | 48.51% |
| NET CHANGE | ||
| Cash From Operating Activities | -4.434M | -2.812M |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 4.529M | 3.224M |
| Net Change In Cash | 94.75K | 412.1K |
| YoY Change | -77.01% | 418.51% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.434M | -$2.812M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
USD | |
| CY2020Q4 | OTLC |
Convertible Debt Net Of Costs
ConvertibleDebtNetOfCosts
|
USD | |
| CY2021Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2021 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2020 | OTLC |
Ppp Loan Forgiveness
PPPLoanForgiveness
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
USD | |
| CY2021 | OTLC |
Gains Losses On Conversion Of Debt
GainsLossesOnConversionOfDebt
|
USD | |
| CY2020 | OTLC |
Warrants Issued Connection With Private Placement
WarrantsIssuedConnectionWithPrivatePlacement
|
USD | |
| CY2020 | OTLC |
Common Shares Issued Issued In Lieu Of Restricted Stock Units
CommonSharesIssuedIssuedInLieuOfRestrictedStockUnits
|
USD | |
| CY2020 | OTLC |
Common Shares Issued In Lieu Of Services
CommonSharesIssuedInLieuOfServices
|
USD | |
| CY2020 | OTLC |
Paycheck Protection Program Loan Forgiveness
PaycheckProtectionProgramLoanForgiveness
|
USD | |
| CY2021 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
USD | |
| CY2021 | OTLC |
Gains Loss On Conversion Of Debt
GainsLossOnConversionOfDebt
|
USD | |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2020 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
| CY2020 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2020 | OTLC |
Proceeds From Convertible Debt For Joint Venture
ProceedsFromConvertibleDebtForJointVenture
|
USD | |
| CY2020 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | |
| CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | |
| CY2020 | OTLC |
Warrants Issued In Connection With Private Placement
WarrantsIssuedInConnectionWithPrivatePlacement
|
USD | |
| CY2020 | OTLC |
Common Shares Issued In Lieu Of Services
CommonSharesIssuedInLieuOfServices
|
USD | |
| CY2021 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
|
USD | |
| CY2020Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD |
