2024 Q2 Form 10-Q Financial Statement

#000107997324000714 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $51.05K $44.08K $73.66K
YoY Change -29.13% -40.16% -78.81%
% of Gross Profit
Research & Development $21.00K $36.63K $22.68K
YoY Change -34.33% 61.49% -86.09%
% of Gross Profit
Depreciation & Amortization $13.02K $11.32K $10.70K
YoY Change 12.53% 5.79% 1326.67%
% of Gross Profit
Operating Expenses $85.08K $92.03K $107.0K
YoY Change -26.39% -14.02% -79.07%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$85.08K -$92.03K -$107.0K
YoY Change -26.39% -14.02% -79.07%
Income Tax
% Of Pretax Income
Net Earnings -$85.08K -$92.03K -$107.0K
YoY Change -26.39% -14.02% -79.07%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.01 -$0.01
Diluted Earnings Per Share $0.00 -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 352.9M shares 346.7M shares 325.5M shares
Diluted Shares Outstanding 354.0M shares 333.1M shares 325.5M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.200K $2.840K $6.940K
YoY Change -88.21% -59.08% -88.21%
Cash & Equivalents $2.200K $2.836K $6.942K
Short-Term Investments
Other Short-Term Assets $1.050K $1.050K $1.050K
YoY Change 0.0% 0.0% 0.0%
Inventory
Prepaid Expenses $1.050K $1.050K $1.050K
Receivables
Other Receivables
Total Short-Term Assets $3.250K $3.886K $7.992K
YoY Change -83.51% -51.38% -86.66%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $470.3K $457.5K $439.3K
YoY Change 5.14% 4.14% 19.54%
TOTAL ASSETS
Total Short-Term Assets $3.250K $3.886K $7.992K
Total Long-Term Assets $470.3K $457.5K $439.3K
Total Assets $473.5K $461.4K $447.3K
YoY Change 1.4% 3.15% 4.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.77K $67.57K $53.00K
YoY Change 343.19% 27.49% 657.14%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $58.77K $67.57K $53.00K
YoY Change 343.19% 27.49% 657.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $58.77K $67.57K $53.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $58.77K $67.57K $53.00K
YoY Change 343.21% 27.49% 657.14%
SHAREHOLDERS EQUITY
Retained Earnings -$48.04M -$47.96M -$47.56M
YoY Change 0.78% 0.84%
Common Stock $1.930K $1.874K $1.747K
YoY Change 7.52% 7.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $414.8K $393.8K $394.3K
YoY Change
Total Liabilities & Shareholders Equity $473.5K $461.4K $447.3K
YoY Change 1.4% 3.15% 4.65%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$85.08K -$92.03K -$107.0K
YoY Change -26.39% -14.02% -79.07%
Depreciation, Depletion And Amortization $13.02K $11.32K $10.70K
YoY Change 12.53% 5.79% 1326.67%
Cash From Operating Activities -$80.85K -$57.84K -$84.87K
YoY Change -43.76% -31.85% -74.77%
INVESTING ACTIVITIES
Capital Expenditures $25.78K $9.740K $13.74K
YoY Change 32.0% -29.11% -346.24%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$25.78K -$9.736K -$13.74K
YoY Change 32.0% -29.16% 146.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $80.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 106.0K $50.00K $80.00K
YoY Change -39.43% -37.5% -76.69%
NET CHANGE
Cash From Operating Activities -80.85K -$57.84K -$84.87K
Cash From Investing Activities -25.78K -$9.736K -$13.74K
Cash From Financing Activities 106.0K $50.00K $80.00K
Net Change In Cash -630.0 -$17.57K -$18.61K
YoY Change -105.38% -5.57% -1520.46%
FREE CASH FLOW
Cash From Operating Activities -$80.85K -$57.84K -$84.87K
Capital Expenditures $25.78K $9.740K $13.74K
Free Cash Flow -$106.6K -$67.58K -$98.61K
YoY Change -34.7% -31.47% -70.19%

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