2021 Form 10-K Financial Statement
#000149315222009202 Filed on April 06, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $500.0K | $0.00 | |
| YoY Change | |||
| Cost Of Revenue | $585.0K | ||
| YoY Change | |||
| Gross Profit | -$85.00K | ||
| YoY Change | |||
| Gross Profit Margin | -17.0% | ||
| Selling, General & Admin | $34.24M | $3.910M | $12.39M |
| YoY Change | 176.31% | 67.81% | 61.75% |
| % of Gross Profit | |||
| Research & Development | $19.85M | $3.640M | |
| YoY Change | 61.78% | ||
| % of Gross Profit | |||
| Depreciation & Amortization | $226.0K | $0.00 | $20.00K |
| YoY Change | 1030.0% | 100.0% | |
| % of Gross Profit | |||
| Operating Expenses | $54.31M | $7.550M | $0.00 |
| YoY Change | 64.49% | -100.0% | |
| Operating Profit | -$54.39M | ||
| YoY Change | |||
| Interest Expense | $1.682M | $190.0K | -$5.380M |
| YoY Change | -131.26% | -176.0% | 811.86% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$1.733M | $0.00 | -$660.0K |
| YoY Change | 162.58% | -100.0% | 20.0% |
| Pretax Income | -$56.13M | -$9.260M | -$35.89M |
| YoY Change | 56.38% | 41.37% | 107.82% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$50.35M | -$8.740M | -$34.28M |
| YoY Change | 46.87% | 40.06% | 108.26% |
| Net Earnings / Revenue | -10069.4% | ||
| Basic Earnings Per Share | -$0.65 | ||
| Diluted Earnings Per Share | -$649.5K | -$164.8K | -$722.7K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 77.52M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $77.97M | $17.52M | $17.52M |
| YoY Change | 345.04% | 180.32% | 180.32% |
| Cash & Equivalents | $713.0K | $17.26M | $260.0K |
| Short-Term Investments | |||
| Other Short-Term Assets | $4.466M | $1.420M | $1.420M |
| YoY Change | 214.51% | 389.66% | 389.66% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $200.0K | ||
| Other Receivables | $0.00 | ||
| Total Short-Term Assets | $82.64M | $18.94M | $18.94M |
| YoY Change | 336.31% | 189.16% | 189.16% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.585M | ||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $725.0K | $840.0K | $840.0K |
| YoY Change | -13.69% | 21.74% | 21.74% |
| Total Long-Term Assets | $4.339M | $840.0K | $840.0K |
| YoY Change | 416.55% | 21.74% | 21.74% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $82.64M | $18.94M | $18.94M |
| Total Long-Term Assets | $4.339M | $840.0K | $840.0K |
| Total Assets | $86.98M | $19.78M | $19.78M |
| YoY Change | 339.72% | 173.2% | 173.2% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.299M | $2.970M | $2.970M |
| YoY Change | 11.08% | 26.38% | 26.38% |
| Accrued Expenses | $4.259M | $2.330M | $2.330M |
| YoY Change | 82.79% | 67.63% | 67.63% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $14.96M | $14.96M |
| YoY Change | -100.0% | 83.78% | 83.78% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $7.558M | $20.25M | $20.25M |
| YoY Change | -62.68% | 70.45% | 70.45% |
| 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 | $7.558M | $20.25M | $20.25M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $25.31M | $17.88M | $17.88M |
| YoY Change | 41.55% | 61.66% | 61.66% |
| 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 | $61.67M | $1.900M | $1.900M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $86.98M | $19.78M | $19.78M |
| YoY Change | 339.72% | 173.2% | 173.2% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$50.35M | -$8.740M | -$34.28M |
| YoY Change | 46.87% | 40.06% | 108.26% |
| Depreciation, Depletion And Amortization | $226.0K | $0.00 | $20.00K |
| YoY Change | 1030.0% | 100.0% | |
| Cash From Operating Activities | -$40.59M | -$6.720M | -$21.91M |
| YoY Change | 85.26% | 64.3% | 64.0% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.469M | -$10.00K | -$60.00K |
| YoY Change | 2348.33% | 100.0% | |
| Acquisitions | $2.247M | ||
| YoY Change | |||
| Other Investing Activities | -$2.247M | ||
| YoY Change | |||
| Cash From Investing Activities | -$3.716M | -$10.00K | -$60.00K |
| YoY Change | 6093.33% | 100.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 104.3M | 15.70M | 33.01M |
| YoY Change | 215.99% | 152.82% | 190.07% |
| NET CHANGE | |||
| Cash From Operating Activities | -40.59M | -6.720M | -21.91M |
| Cash From Investing Activities | -3.716M | -10.00K | -60.00K |
| Cash From Financing Activities | 104.3M | 15.70M | 33.01M |
| Net Change In Cash | 60.00M | 8.970M | 11.04M |
| YoY Change | 443.5% | 323.11% | -649.25% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$40.59M | -$6.720M | -$21.91M |
| Capital Expenditures | -$1.469M | -$10.00K | -$60.00K |
| Free Cash Flow | -$39.12M | -$6.710M | -$21.85M |
| YoY Change | 79.05% | 64.06% | 63.92% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Accounts Receivable Net Current
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|
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Intangible Assets Net Excluding Goodwill
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