2021 Q3 Form 10-Q Financial Statement
#000149315221029625 Filed on November 22, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| Revenue | $200.0K | $0.00 | |
| YoY Change | |||
| Cost Of Revenue | $144.0K | ||
| YoY Change | |||
| Gross Profit | $56.00K | ||
| YoY Change | |||
| Gross Profit Margin | 28.0% | ||
| Selling, General & Admin | $8.419M | $3.910M | $2.910M |
| YoY Change | 189.31% | 67.81% | 69.19% |
| % of Gross Profit | 15033.93% | ||
| Research & Development | $5.305M | $3.640M | $2.620M |
| YoY Change | 102.48% | 61.78% | 72.37% |
| % of Gross Profit | 9473.21% | ||
| Depreciation & Amortization | $38.00K | $0.00 | $10.00K |
| YoY Change | 280.0% | ||
| % of Gross Profit | 67.86% | ||
| Operating Expenses | $13.72M | $7.550M | $5.530M |
| YoY Change | 148.17% | 64.49% | 70.68% |
| Operating Profit | -$13.67M | -$5.530M | |
| YoY Change | 147.16% | ||
| Interest Expense | $0.00 | $190.0K | $370.0K |
| YoY Change | -100.0% | -176.0% | -2.63% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | -$50.00K | |
| YoY Change | -100.0% | ||
| Pretax Income | -$13.67M | -$9.260M | -$5.870M |
| YoY Change | 132.84% | 41.37% | 79.51% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$12.23M | -$8.740M | -$5.480M |
| YoY Change | 123.12% | 40.06% | 77.92% |
| Net Earnings / Revenue | -6113.5% | ||
| Basic Earnings Per Share | -$0.15 | ||
| Diluted Earnings Per Share | -$146.8K | -$164.8K | -$113.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 83.31M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $37.34M | $17.52M | $8.290M |
| YoY Change | 350.43% | 180.32% | 102.2% |
| Cash & Equivalents | $37.34M | $17.26M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $4.141M | $1.420M | $1.490M |
| YoY Change | 177.92% | 389.66% | 473.08% |
| Inventory | $50.00K | ||
| Prepaid Expenses | |||
| Receivables | $200.0K | ||
| Other Receivables | $0.00 | ||
| Total Short-Term Assets | $41.73M | $18.94M | $9.780M |
| YoY Change | 326.71% | 189.16% | 124.83% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $451.0K | ||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $755.0K | $840.0K | $720.0K |
| YoY Change | 4.86% | 21.74% | 1340.0% |
| Total Long-Term Assets | $1.253M | $840.0K | $720.0K |
| YoY Change | 74.03% | 21.74% | 1100.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $41.73M | $18.94M | $9.780M |
| Total Long-Term Assets | $1.253M | $840.0K | $720.0K |
| Total Assets | $42.99M | $19.78M | $10.50M |
| YoY Change | 309.38% | 173.2% | 138.1% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $6.080M | $2.970M | $3.210M |
| YoY Change | 89.41% | 26.38% | 78.33% |
| Accrued Expenses | $1.671M | $2.330M | $1.540M |
| YoY Change | 8.51% | 67.63% | 185.19% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $14.96M | $20.42M |
| YoY Change | -100.0% | 83.78% | 356.82% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $7.751M | $20.25M | $25.17M |
| YoY Change | -69.21% | 70.45% | 269.6% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $100.0K |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $100.0K |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.751M | $20.25M | $25.17M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $100.0K |
| Total Liabilities | $8.115M | $17.88M | $23.40M |
| YoY Change | -65.32% | 61.66% | 272.02% |
| 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 | $34.87M | $1.900M | -$12.90M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $42.99M | $19.78M | $10.50M |
| YoY Change | 309.38% | 173.2% | 138.1% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$12.23M | -$8.740M | -$5.480M |
| YoY Change | 123.12% | 40.06% | 77.92% |
| Depreciation, Depletion And Amortization | $38.00K | $0.00 | $10.00K |
| YoY Change | 280.0% | ||
| Cash From Operating Activities | -$8.018M | -$6.720M | -$5.840M |
| YoY Change | 37.29% | 64.3% | 102.78% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$35.00K | -$10.00K | -$10.00K |
| YoY Change | 250.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$100.0K | ||
| YoY Change | |||
| Cash From Investing Activities | -$135.0K | -$10.00K | -$10.00K |
| YoY Change | 1250.0% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 2.284M | 15.70M | 7.060M |
| YoY Change | -67.65% | 152.82% | 9985.71% |
| NET CHANGE | |||
| Cash From Operating Activities | -8.018M | -6.720M | -5.840M |
| Cash From Investing Activities | -135.0K | -10.00K | -10.00K |
| Cash From Financing Activities | 2.284M | 15.70M | 7.060M |
| Net Change In Cash | -5.869M | 8.970M | 1.210M |
| YoY Change | -585.04% | 323.11% | -143.06% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$8.018M | -$6.720M | -$5.840M |
| Capital Expenditures | -$35.00K | -$10.00K | -$10.00K |
| Free Cash Flow | -$7.983M | -$6.710M | -$5.830M |
| YoY Change | 36.93% | 64.06% | 102.43% |
Facts In Submission
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