$PCSV
PCS Edventures!, Inc.

2024 Q3 Form 10-Q Financial Statement

#000149315224031956 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024 Q1
Revenue $2.267M $3.160M $2.263M
YoY Change -39.82% 21.29%
Cost Of Revenue $912.7K $1.198M $856.3K
YoY Change -23.23% 19.36%
Gross Profit $1.355M $1.961M $1.407M
YoY Change -47.46% 22.5%
Gross Profit Margin 59.75% 62.07% 62.16%
Selling, General & Admin $838.3K $792.6K
YoY Change
% of Gross Profit 42.74% 56.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.360K $3.630K
YoY Change 84.2%
% of Gross Profit 0.22% 0.26%
Operating Expenses $841.9K $838.3K $792.6K
YoY Change 4.13% 13.11%
Operating Profit $512.8K $1.123M $613.9K
YoY Change -71.03% 30.59%
Interest Expense $21.51K $18.13K
YoY Change
% of Operating Profit 1.92% 2.95%
Other Income/Expense, Net $21.51K
YoY Change
Pretax Income $550.4K $1.145M $653.6K
YoY Change -69.62% 33.05%
Income Tax $119.2K -$1.530M
% Of Pretax Income 21.65% -234.07%
Net Earnings $431.2K $1.145M $2.183M
YoY Change -76.2% 33.05%
Net Earnings / Revenue 19.02% 36.23% 96.49%
Basic Earnings Per Share $0.00 $0.01
Diluted Earnings Per Share $0.00 $0.01 $0.02
COMMON SHARES
Basic Shares Outstanding 124.5M shares 124.7M shares 124.7M shares
Diluted Shares Outstanding 124.5M shares 124.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.653M $1.330M
YoY Change
Cash & Equivalents $4.000M $2.650M $1.300M
Short-Term Investments
Other Short-Term Assets $490.9K $394.1K
YoY Change
Inventory $2.000M $2.040M $2.000M
Prepaid Expenses $261.1K $490.9K $394.1K
Receivables $1.599M $1.676M
Other Receivables $0.00
Total Short-Term Assets $6.993M $6.782M $5.425M
YoY Change 117.54%
LONG-TERM ASSETS
Property, Plant & Equipment $66.92K $69.21K $43.74K
YoY Change 38.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.548M $2.548M
YoY Change
Total Long-Term Assets $2.480M $2.862M $2.865M
YoY Change 134.34%
TOTAL ASSETS
Total Short-Term Assets $6.993M $6.782M $5.425M
Total Long-Term Assets $2.480M $2.862M $2.865M
Total Assets $9.473M $9.645M $8.290M
YoY Change 123.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.81K $219.3K $100.9K
YoY Change 261.13%
Accrued Expenses $272.8K $282.6K $230.0K
YoY Change 1.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $486.8K $648.1K $416.2K
YoY Change 14.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $196.2K $218.4K
YoY Change
Total Long-Term Liabilities $185.3K $196.2K $218.4K
YoY Change 200.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $486.8K $648.1K $416.2K
Total Long-Term Liabilities $185.3K $196.2K $218.4K
Total Liabilities $672.1K $844.3K $634.5K
YoY Change 45.2%
SHAREHOLDERS EQUITY
Retained Earnings -$31.63M -$31.77M -$32.91M
YoY Change -11.89%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.801M $8.801M $7.656M
YoY Change
Total Liabilities & Shareholders Equity $9.473M $9.645M $8.290M
YoY Change 123.07%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $431.2K $1.145M $2.183M
YoY Change -76.2% 33.05%
Depreciation, Depletion And Amortization $4.360K $3.630K
YoY Change 84.2%
Cash From Operating Activities $1.353M -$669.3K
YoY Change 122.06%
INVESTING ACTIVITIES
Capital Expenditures $29.83K $7.600K
YoY Change 288.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$29.83K -$7.600K
YoY Change 288.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities $1.353M -669.3K
Cash From Investing Activities -$29.83K -7.600K
Cash From Financing Activities 0.000
Net Change In Cash $1.323M -676.9K
YoY Change 119.94%
FREE CASH FLOW
Cash From Operating Activities $1.353M -$669.3K
Capital Expenditures $29.83K $7.600K
Free Cash Flow $1.323M -$676.9K
YoY Change 119.94%

Facts In Submission

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<p id="xdx_84F_eus-gaap--UseOfEstimates_zPQodwyQBFQk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_867_zPpBveyUmRoj">Use of Estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of these condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s significant estimates include reserves related to accounts receivable and inventory, the valuation allowance related to deferred tax assets, the valuation of equity instruments, and debt discounts.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p>
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CY2024Q1 PCSV Prepaid Software
PrepaidSoftware
17254 usd
CY2024Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
16961 usd
CY2024Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
20899 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
490852 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
394091 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2024Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
124733494 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
124733494 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
124733494 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
124733494 shares
CY2024Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 usd
CY2024Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
250000 shares
CY2024Q2 us-gaap Share Price
SharePrice
0.195
CY2024Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
48750 usd
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
203405 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
165087 usd
CY2024Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
31402 usd
CY2024Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
9969 usd
CY2024Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
32761 usd
CY2024Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
39929 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14985 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14985 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
282553 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
229970 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001493152-24-031956-index-headers.html Edgar Link pending
0001493152-24-031956-index.html Edgar Link pending
0001493152-24-031956.txt Edgar Link pending
0001493152-24-031956-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
pcsv-20240630.xsd Edgar Link pending
pcsv-20240630_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
pcsv-20240630_def.xml Edgar Link unprocessable
pcsv-20240630_lab.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
pcsv-20240630_pre.xml Edgar Link unprocessable