2021 Q2 Form 10-Q Financial Statement
#000121390021042942 Filed on August 16, 2021
Income Statement
| Concept | 2021 Q2 | 2020 Q4 |
|---|---|---|
| Revenue | $1.143M | $0.00 |
| YoY Change | -33.16% | |
| Cost Of Revenue | $676.0K | $2.070M |
| YoY Change | -37.41% | |
| Gross Profit | $467.0K | $1.360M |
| YoY Change | -25.87% | |
| Gross Profit Margin | 40.86% | |
| Selling, General & Admin | $4.084M | $2.350M |
| YoY Change | 62.06% | |
| % of Gross Profit | 874.52% | 172.79% |
| Research & Development | $4.054M | $2.870M |
| YoY Change | 21.38% | |
| % of Gross Profit | 868.09% | 211.03% |
| Depreciation & Amortization | $219.0K | $110.0K |
| YoY Change | -0.45% | |
| % of Gross Profit | 46.9% | 8.09% |
| Operating Expenses | $8.138M | $450.00 |
| YoY Change | 38.87% | |
| Operating Profit | -$7.671M | $1.360M |
| YoY Change | 46.67% | |
| Interest Expense | -$13.00K | -$20.00K |
| YoY Change | -230.0% | |
| % of Operating Profit | -1.47% | |
| Other Income/Expense, Net | $28.00K | $0.00 |
| YoY Change | 40.0% | |
| Pretax Income | -$5.262M | -$450.00 |
| YoY Change | 1.0% | |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$5.263M | -$450.00 |
| YoY Change | 1.11% | |
| Net Earnings / Revenue | -460.45% | |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$36.88K | -$13.04 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q2 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $19.54M | |
| YoY Change | ||
| Cash & Equivalents | $33.66M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $4.174M | |
| YoY Change | ||
| Inventory | $1.259M | $707.0K |
| Prepaid Expenses | ||
| Receivables | $709.0K | $1.051M |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $25.68M | $36.33M |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.401M | $1.425M |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $491.0K | $292.0K |
| YoY Change | ||
| Total Long-Term Assets | $4.892M | $1.717M |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $25.68M | $36.33M |
| Total Long-Term Assets | $4.892M | $1.717M |
| Total Assets | $30.57M | $38.05M |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.045M | $972.0K |
| YoY Change | ||
| Accrued Expenses | $1.052M | $1.255M |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $105.3K |
| YoY Change | ||
| Long-Term Debt Due | $73.00K | |
| YoY Change | ||
| Total Short-Term Liabilities | $3.875M | $3.555M |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.244M | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.514M | $526.0K |
| YoY Change | ||
| Total Long-Term Liabilities | $3.758M | $526.0K |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.875M | $3.555M |
| Total Long-Term Liabilities | $3.758M | $526.0K |
| Total Liabilities | $7.919M | $5.147M |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$63.98M | |
| YoY Change | ||
| Common Stock | $10.00K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $22.66M | $32.91M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $30.57M | $38.05M |
| YoY Change |
Cashflow Statement
| Concept | 2021 Q2 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.263M | -$450.00 |
| YoY Change | 1.11% | |
| Depreciation, Depletion And Amortization | $219.0K | $110.0K |
| YoY Change | -0.45% | |
| Cash From Operating Activities | -$12.62M | $0.00 |
| YoY Change | 65.83% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$2.282M | $150.0K |
| YoY Change | -771.18% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | $273.7M | -$150.0K |
| YoY Change | -80605.29% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -275.6M | 0.000 |
| YoY Change | -751.25% | |
| NET CHANGE | ||
| Cash From Operating Activities | -12.62M | 0.000 |
| Cash From Investing Activities | 273.7M | -150.0K |
| Cash From Financing Activities | -275.6M | 0.000 |
| Net Change In Cash | -14.51M | 0.000 |
| YoY Change | -142.22% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$12.62M | $0.00 |
| Capital Expenditures | -$2.282M | $150.0K |
| Free Cash Flow | -$10.34M | -$150.0K |
| YoY Change | 30.03% |
Facts In Submission
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