2021 Form 10-K Financial Statement
#000121390021034687 Filed on June 29, 2021
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $52.62M | $130.1M |
| YoY Change | -59.57% | 6171.89% |
| Cost Of Revenue | $42.00M | $78.57M |
| YoY Change | -46.55% | 3959.95% |
| Gross Profit | $10.62M | $51.57M |
| YoY Change | -79.4% | 36790.14% |
| Gross Profit Margin | 20.19% | 39.63% |
| Selling, General & Admin | $20.97M | $39.42M |
| YoY Change | -46.8% | 159.13% |
| % of Gross Profit | 197.43% | 76.44% |
| Research & Development | $62.94K | $98.04K |
| YoY Change | -35.8% | |
| % of Gross Profit | 0.59% | 0.19% |
| Depreciation & Amortization | $185.0K | $1.158M |
| YoY Change | -84.03% | 30.85% |
| % of Gross Profit | 1.74% | 2.25% |
| Operating Expenses | $16.35M | $42.31M |
| YoY Change | -61.36% | 148.58% |
| Operating Profit | -$5.728M | $9.263M |
| YoY Change | -161.84% | -154.87% |
| Interest Expense | $199.7K | $1.119M |
| YoY Change | -82.15% | -393.13% |
| % of Operating Profit | 12.08% | |
| Other Income/Expense, Net | $3.918M | $0.00 |
| YoY Change | -100.0% | |
| Pretax Income | $1.181M | $10.38M |
| YoY Change | -88.62% | -157.87% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.810M | $10.38M |
| YoY Change | -117.44% | -157.87% |
| Net Earnings / Revenue | -3.44% | 7.98% |
| Basic Earnings Per Share | -$0.04 | |
| Diluted Earnings Per Share | -$0.04 | $225.6K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 46.54M shares | 46.02M shares |
| Diluted Shares Outstanding | 46.62M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $24.56M | $22.11M |
| YoY Change | 11.12% | 380.53% |
| Cash & Equivalents | ||
| Short-Term Investments | $1.127M | $718.1K |
| Other Short-Term Assets | $933.0K | $839.7K |
| YoY Change | 11.1% | -3.55% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $15.33M | $40.77M |
| Other Receivables | $406.4K | $472.0K |
| Total Short-Term Assets | $41.23M | $64.18M |
| YoY Change | -35.76% | 241.46% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.349M | $3.116M |
| YoY Change | -24.62% | 9829.35% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.735M | $2.028M |
| YoY Change | 34.89% | |
| Other Assets | $2.637M | $430.6K |
| YoY Change | 512.44% | |
| Total Long-Term Assets | $23.20M | $22.04M |
| YoY Change | 5.23% | 108.69% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $41.23M | $64.18M |
| Total Long-Term Assets | $23.20M | $22.04M |
| Total Assets | $64.42M | $86.23M |
| YoY Change | -25.29% | 193.69% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.962M | $42.28M |
| YoY Change | -90.63% | 837.03% |
| Accrued Expenses | $20.95M | $548.3K |
| YoY Change | 3719.92% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $68.98K | $30.00K |
| YoY Change | 129.93% | 0.0% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $41.18M | $67.71M |
| YoY Change | -39.18% | 181.41% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $4.117M | $2.928M |
| YoY Change | 40.59% | |
| Total Long-Term Liabilities | $4.117M | $2.928M |
| YoY Change | 40.59% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $41.18M | $67.71M |
| Total Long-Term Liabilities | $4.117M | $2.928M |
| Total Liabilities | $45.30M | $70.64M |
| YoY Change | -35.88% | 193.58% |
| 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 | $19.13M | $15.58M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $64.42M | $86.23M |
| YoY Change | -25.29% | 193.69% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.810M | $10.38M |
| YoY Change | -117.44% | -157.87% |
| Depreciation, Depletion And Amortization | $185.0K | $1.158M |
| YoY Change | -84.03% | 30.85% |
| Cash From Operating Activities | $3.403M | $23.45M |
| YoY Change | -85.49% | -938.91% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $76.01K | -$446.8K |
| YoY Change | -117.01% | 1687.24% |
| Acquisitions | -$114.0K | |
| YoY Change | ||
| Other Investing Activities | -$801.8K | -$3.801M |
| YoY Change | -78.91% | |
| Cash From Investing Activities | -$1.560M | -$4.248M |
| YoY Change | -63.28% | 16890.76% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | $1.750K | -614.6K |
| YoY Change | -100.28% | -111.27% |
| NET CHANGE | ||
| Cash From Operating Activities | $3.403M | 23.45M |
| Cash From Investing Activities | -$1.560M | -4.248M |
| Cash From Financing Activities | $1.750K | -614.6K |
| Net Change In Cash | $2.049M | 18.59M |
| YoY Change | -88.97% | 606.39% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.403M | $23.45M |
| Capital Expenditures | $76.01K | -$446.8K |
| Free Cash Flow | $3.327M | $23.90M |
| YoY Change | -86.08% | -962.61% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
16500000 | USD |
| CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46543758 | shares |
| CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46022709 | shares |
