2022 Q4 Form 10-Q Financial Statement

#000114036122041370 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.666M $2.926M $3.274M
YoY Change -9.08% -10.63% 76.99%
% of Gross Profit
Research & Development $16.16M $4.353M $3.688M
YoY Change 376.65% 18.03% 78.96%
% of Gross Profit
Depreciation & Amortization $11.58K $37.41K $1.280K
YoY Change 1118.95% 2822.66%
% of Gross Profit
Operating Expenses $18.82M $7.279M $6.962M
YoY Change 197.73% 4.55% 78.2%
Operating Profit -$7.279M -$6.962M
YoY Change 4.55% 78.2%
Interest Expense -$145.3K $1.360K
YoY Change -10780.44%
% of Operating Profit
Other Income/Expense, Net -$316.3K
YoY Change
Pretax Income -$19.14M -$7.424M -$6.961M
YoY Change 202.81% 6.66% 78.03%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$19.14M -$7.424M -$6.961M
YoY Change 202.81% 6.66% 78.22%
Net Earnings / Revenue
Basic Earnings Per Share -$0.26 -$0.24
Diluted Earnings Per Share -$0.66 -$0.26 -$244.9K
COMMON SHARES
Basic Shares Outstanding 28.51M 28.46M 28.42M
Diluted Shares Outstanding 28.46M 28.43M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.82M $71.64M $69.74M
YoY Change 13.15% 2.72% 108.19%
Cash & Equivalents $73.80M $71.60M $69.74M
Short-Term Investments
Other Short-Term Assets $2.660M $2.769M $1.597M
YoY Change 66.52% 73.4% 299.2%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $76.48M $74.41M $71.34M
YoY Change 14.42% 4.3% 110.8%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $407.2K
YoY Change -100.0% -100.0% 4257.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $527.5K $475.4K $407.2K
YoY Change 47.48% 16.75% -32.46%
TOTAL ASSETS
Total Short-Term Assets $76.48M $74.41M $71.34M
Total Long-Term Assets $527.5K $475.4K $407.2K
Total Assets $77.01M $74.89M $71.75M
YoY Change 14.6% 4.37% 108.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.219M $2.037M $1.446M
YoY Change -6.88% 40.94% -7.31%
Accrued Expenses $8.314M $2.429M $1.924M
YoY Change 280.02% 26.23% 57.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $56.61K $61.27K
YoY Change
Total Short-Term Liabilities $9.821M $4.841M $3.577M
YoY Change 161.47% 35.34% 23.41%
LONG-TERM LIABILITIES
Long-Term Debt $23.18M $22.99M $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $314.0K
YoY Change -100.0% -100.0% -37.2%
Total Long-Term Liabilities $23.18M $22.99M $314.0K
YoY Change 9918.09% 7221.1% -37.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.821M $4.841M $3.577M
Total Long-Term Liabilities $23.18M $22.99M $314.0K
Total Liabilities $33.01M $27.83M $3.891M
YoY Change 727.74% 615.16% 14.44%
SHAREHOLDERS EQUITY
Retained Earnings -$101.6M -$82.42M
YoY Change 67.3%
Common Stock $9.956K $9.391K
YoY Change 6.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.00M $47.06M $67.86M
YoY Change
Total Liabilities & Shareholders Equity $77.01M $74.89M $71.75M
YoY Change 14.6% 4.37% 108.3%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$19.14M -$7.424M -$6.961M
YoY Change 202.81% 6.66% 78.22%
Depreciation, Depletion And Amortization $11.58K $37.41K $1.280K
YoY Change 1118.95% 2822.66%
Cash From Operating Activities -$7.529M -$5.893M -$5.129M
YoY Change 67.26% 14.9% 310.3%
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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.707M 24.55M 123.5K
YoY Change 97066400.04% 19777.48% -99.31%
NET CHANGE
Cash From Operating Activities -7.529M -5.893M -5.129M
Cash From Investing Activities
Cash From Financing Activities 9.707M 24.55M 123.5K
Net Change In Cash 2.178M 18.66M -5.005M
YoY Change -148.38% -472.77% -130.26%
FREE CASH FLOW
Cash From Operating Activities -$7.529M -$5.893M -$5.129M
Capital Expenditures
Free Cash Flow
YoY Change

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