2022 Q1 Form 10-Q Financial Statement
#000114036122018571 Filed on May 11, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $3.318M | $1.640M |
| YoY Change | 102.31% | -20.39% |
| % of Gross Profit | ||
| Research & Development | $5.161M | $1.413M |
| YoY Change | 265.26% | -28.33% |
| % of Gross Profit | ||
| Depreciation & Amortization | $90.00 | $1.860K |
| YoY Change | -95.16% | -52.33% |
| % of Gross Profit | ||
| Operating Expenses | $8.479M | $3.049M |
| YoY Change | 178.07% | -24.37% |
| Operating Profit | -$8.479M | -$3.049M |
| YoY Change | 178.07% | -24.37% |
| Interest Expense | $5.700K | $0.00 |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$8.474M | -$3.050M |
| YoY Change | 177.82% | -23.56% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$8.474M | -$3.049M |
| YoY Change | 177.95% | -23.51% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.32 | -$0.14 |
| Diluted Earnings Per Share | -$0.32 | -$0.14 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 26.16M | 22.26M |
| Diluted Shares Outstanding | 26.16M | 22.26M |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $58.88M | $25.00M |
| YoY Change | 135.52% | 19.05% |
| Cash & Equivalents | $58.88M | $25.04M |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.849M | $2.200M |
| YoY Change | -15.94% | -24.14% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $60.73M | $27.26M |
| YoY Change | 122.81% | 13.96% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $308.3K | $3.583K |
| YoY Change | 8505.36% | -79.11% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $308.3K | $504.8K |
| YoY Change | -38.92% | 2843.48% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $60.73M | $27.26M |
| Total Long-Term Assets | $308.3K | $504.8K |
| Total Assets | $61.04M | $27.76M |
| YoY Change | 119.87% | 15.99% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.746M | $950.6K |
| YoY Change | 188.84% | -62.82% |
| Accrued Expenses | $2.273M | $1.855M |
| YoY Change | 22.54% | 52.01% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $5.018M | $2.929M |
| YoY Change | 71.34% | -27.62% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $147.0K | $500.0K |
| YoY Change | -70.6% | |
| Total Long-Term Liabilities | $147.0K | $500.0K |
| YoY Change | -70.6% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.018M | $2.929M |
| Total Long-Term Liabilities | $147.0K | $500.0K |
| Total Liabilities | $5.165M | $3.387M |
| YoY Change | 52.49% | -16.3% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$46.83M | |
| YoY Change | 42.25% | |
| Common Stock | $7.346K | |
| YoY Change | 45.06% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $55.87M | $24.37M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $61.04M | $27.76M |
| YoY Change | 119.87% | 15.99% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$8.474M | -$3.049M |
| YoY Change | 177.95% | -23.51% |
| Depreciation, Depletion And Amortization | $90.00 | $1.860K |
| YoY Change | -95.16% | -52.33% |
| Cash From Operating Activities | -$6.369M | -$3.802M |
| YoY Change | 67.51% | 20.16% |
| 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 | 7.490K | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -6.369M | -3.802M |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 7.490K | 0.000 |
| Net Change In Cash | -6.362M | -3.802M |
| YoY Change | 67.31% | -142.84% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$6.369M | -$3.802M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2022Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2022Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | |
| CY2022Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2022Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001472091 | |
| CY2022Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5161315 | |
| CY2021Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1413057 | |
| CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3317907 | |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1636216 | |
| CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
8479222 | |
| CY2021Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
3049273 | |
| CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8479222 | |
| CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3049273 | |
| CY2022Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5700 | |
| CY2021Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
655 | |
| CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8473522 | |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8473522 | |
| CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3048618 | |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3048618 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.32 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.32 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26161156 | |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22263838 | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26161156 | |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
22263838 | |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27129576 | |
| CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
257622 | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
35747 | |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3048618 | |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24374327 | |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
63210427 | |
| CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1128973 | |
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7488 | |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8473522 | |
| CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
55873366 | |
| CY2021Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
16594 | |
| CY2022Q1 | pdsb |
Number Of Equity Based Compensation Plans
NumberOfEquityBasedCompensationPlans
|
3 | |
| CY2022Q1 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
0 | |
| CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1128973 | |
| CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
257622 | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.9913 | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.0038 | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0110 | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0035 | |
| CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y7M20D | |
| CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y9M25D | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
4.88 | |
| CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.73 | |
| CY2022Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
| CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
| CY2022Q1 | pdsb |
Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
|
0 | |
| CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
| CY2022Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
| CY2021Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | |
| CY2022Q1 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | |
| CY2022Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
55500 | |
| CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
36017 | |
| CY2021Q1 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
35747 |
