2022 Q1 Form 10-Q Financial Statement
#000149315222013787 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $10.15K | $23.28K |
| YoY Change | -56.4% | |
| Cost Of Revenue | $9.960K | $7.580K |
| YoY Change | 31.4% | |
| Gross Profit | $190.00 | $15.70K |
| YoY Change | -98.79% | |
| Gross Profit Margin | 1.87% | 67.44% |
| Selling, General & Admin | $552.4K | $959.9K |
| YoY Change | -42.45% | -18.47% |
| % of Gross Profit | 290752.63% | 6113.95% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $12.49K | $9.880K |
| YoY Change | 26.42% | 67.17% |
| % of Gross Profit | 6573.68% | 62.93% |
| Operating Expenses | $564.9K | $969.8K |
| YoY Change | -41.75% | -17.64% |
| Operating Profit | -$564.7K | -$954.1K |
| YoY Change | -40.81% | |
| Interest Expense | -$166.2K | -$93.15K |
| YoY Change | 78.37% | 786.3% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | $7.000K |
| YoY Change | -100.0% | |
| Pretax Income | -$609.5K | -$1.040M |
| YoY Change | -41.41% | -12.43% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$609.5K | -$1.040M |
| YoY Change | -41.41% | -12.43% |
| Net Earnings / Revenue | -6005.02% | -4468.3% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$9.291K | -$18.54K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $85.41K | $875.0K |
| YoY Change | -90.24% | 4110.78% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $36.82K | $22.91K |
| YoY Change | 60.72% | -55.45% |
| Inventory | $292.8K | $330.0K |
| Prepaid Expenses | ||
| Receivables | $29.35K | $16.50K |
| Other Receivables | $72.87K | |
| Total Short-Term Assets | $622.5K | $1.317M |
| YoY Change | -52.74% | 356.71% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.496M | $1.059M |
| YoY Change | 135.78% | -6.96% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $1.548M | $67.37K |
| YoY Change | 2197.27% | -4.0% |
| Total Long-Term Assets | $4.044M | $1.126M |
| YoY Change | 259.12% | -6.79% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $622.5K | $1.317M |
| Total Long-Term Assets | $4.044M | $1.126M |
| Total Assets | $4.666M | $2.443M |
| YoY Change | 90.98% | 63.26% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $573.7K | $703.6K |
| YoY Change | -18.45% | 19.85% |
| Accrued Expenses | $643.7K | $436.9K |
| YoY Change | 47.34% | 151.22% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $480.2K | $388.8K |
| YoY Change | 23.52% | -46.25% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.838M | $1.589M |
| YoY Change | 15.69% | 7.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $800.0K | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.411M | $144.1K |
| YoY Change | 879.17% | -63.7% |
| Total Long-Term Liabilities | $2.211M | $144.1K |
| YoY Change | 1434.37% | -63.7% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.838M | $1.589M |
| Total Long-Term Liabilities | $2.211M | $144.1K |
| Total Liabilities | $4.049M | $1.733M |
| YoY Change | 133.66% | -7.89% |
| 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 | -$3.612M | -$2.069M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.666M | $2.443M |
| YoY Change | 90.98% | 63.26% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$609.5K | -$1.040M |
| YoY Change | -41.41% | -12.43% |
| Depreciation, Depletion And Amortization | $12.49K | $9.880K |
| YoY Change | 26.42% | 67.17% |
| Cash From Operating Activities | -$647.6K | -$766.0K |
| YoY Change | -15.46% | 136.41% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$3.480K | -$158.0K |
| YoY Change | -97.8% | 7048.87% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$3.480K | -$158.0K |
| YoY Change | -97.8% | 7048.87% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 600.0K | 1.770M |
| YoY Change | -66.1% | 1957.85% |
| NET CHANGE | ||
| Cash From Operating Activities | -647.6K | -766.0K |
| Cash From Investing Activities | -3.480K | -158.0K |
| Cash From Financing Activities | 600.0K | 1.770M |
| Net Change In Cash | -51.08K | 845.7K |
| YoY Change | -106.04% | -452.03% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$647.6K | -$766.0K |
| Capital Expenditures | -$3.480K | -$158.0K |
| Free Cash Flow | -$644.1K | -$608.1K |
| YoY Change | 5.93% | 88.94% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | OWPC |
Notes Payable Current Excluding Convertible Notes Payable
NotesPayableCurrentExcludingConvertibleNotesPayable
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
USD | |
| CY2022Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
USD | |
| CY2021Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
USD | |
| CY2022Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2022Q1 | OWPC |
Subscriptions Payable
SubscriptionsPayable
|
USD | |
| CY2022Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
USD | |
| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q1 | OWPC |
Series B Convertible Preferred Stock Sold For Cash
SeriesBConvertiblePreferredStockSoldForCash
|
USD | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
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| CY2022Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
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|
USD | |
| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
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|
USD | |
| CY2022Q1 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
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|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2022Q1 | OWPC |
Fair Value Of Common Shares Issued For Conversion Of Debt
FairValueOfCommonSharesIssuedForConversionOfDebt
|
USD | |
| CY2022Q1 | OWPC |
Value Of Commitment Shares Issued As Debt Discount
ValueOfCommitmentSharesIssuedAsDebtDiscount
|
USD | |
| CY2022Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P5Y | |
| CY2022Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Notes Payable
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|
USD | |
| CY2022Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
USD | |
| CY2021Q1 | us-gaap |
Interest Expense Debt
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|
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| CY2021Q1 | OWPC |
Interest Expense Related Party Short Term Borrowings
InterestExpenseRelatedPartyShortTermBorrowings
|
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| CY2021Q1 | OWPC |
Amortization Of Debt Discounts Warrants
AmortizationOfDebtDiscountsWarrants
|
USD |
