2021 Form 10-K Financial Statement
#000149315222008215 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $2.060M | $2.071M |
| YoY Change | -0.55% | 499.11% |
| Cost Of Revenue | $6.478M | $2.720M |
| YoY Change | 138.2% | 32.92% |
| Gross Profit | -$4.418M | -$648.6K |
| YoY Change | 581.21% | -61.86% |
| Gross Profit Margin | -214.53% | -31.32% |
| Selling, General & Admin | $1.519M | $5.329M |
| YoY Change | -71.5% | -40.46% |
| % of Gross Profit | ||
| Research & Development | $0.00 | |
| YoY Change | -100.0% | |
| % of Gross Profit | ||
| Depreciation & Amortization | $1.737M | $819.8K |
| YoY Change | 111.9% | -8.12% |
| % of Gross Profit | ||
| Operating Expenses | $1.519M | $5.329M |
| YoY Change | -71.5% | -40.61% |
| Operating Profit | -$5.937M | -$5.978M |
| YoY Change | -0.68% | -43.99% |
| Interest Expense | $63.10K | -$489.8K |
| YoY Change | -112.88% | -79.16% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $633.2K | -$23.00K |
| YoY Change | -2853.22% | |
| Pretax Income | -$4.782M | -$10.94M |
| YoY Change | -56.29% | 9.21% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$4.782M | -$9.461M |
| YoY Change | -49.45% | -0.22% |
| Net Earnings / Revenue | -232.2% | -456.82% |
| Basic Earnings Per Share | -$0.28 | |
| Diluted Earnings Per Share | -$268.4K | -$5.332M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 16.92M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.811M | $25.14K |
| YoY Change | 15060.14% | 36.56% |
| Cash & Equivalents | $19.77K | $25.14K |
| Short-Term Investments | $3.791M | |
| Other Short-Term Assets | $278.3K | $15.26K |
| YoY Change | 1723.92% | -98.25% |
| Inventory | $4.264M | $10.71K |
| Prepaid Expenses | ||
| Receivables | $244.5K | $0.00 |
| Other Receivables | $500.0K | $0.00 |
| Total Short-Term Assets | $9.098M | $51.11K |
| YoY Change | 17701.53% | -97.9% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $12.44M | $20.16K |
| YoY Change | 61581.94% | -99.24% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | |
| YoY Change | -100.0% | |
| Total Long-Term Assets | $14.69M | $20.16K |
| YoY Change | 72743.7% | -99.73% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $9.098M | $51.11K |
| Total Long-Term Assets | $14.69M | $20.16K |
| Total Assets | $23.78M | $71.27K |
| YoY Change | 33271.19% | -99.27% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.686M | $2.534M |
| YoY Change | -33.47% | 33.59% |
| Accrued Expenses | $1.624M | $941.6K |
| YoY Change | 72.49% | 16.71% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $6.761M | $115.5K |
| YoY Change | 5752.64% | 107.92% |
| Long-Term Debt Due | $826.6K | |
| YoY Change | 862.2% | |
| Total Short-Term Liabilities | $10.07M | $4.905M |
| YoY Change | 105.33% | 17.05% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $205.2K |
| YoY Change | -100.0% | 105.17% |
| Other Long-Term Liabilities | $6.610M | $0.00 |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $6.610M | $205.2K |
| YoY Change | 3121.89% | -89.35% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $10.07M | $4.905M |
| Total Long-Term Liabilities | $6.610M | $205.2K |
| Total Liabilities | $16.68M | $3.092M |
| YoY Change | 439.54% | -44.59% |
| 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 | $7.102M | -$3.020M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $23.78M | $71.27K |
| YoY Change | 33271.19% | -99.27% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.782M | -$9.461M |
| YoY Change | -49.45% | -0.22% |
| Depreciation, Depletion And Amortization | $1.737M | $819.8K |
| YoY Change | 111.9% | -8.12% |
| Cash From Operating Activities | -$3.922M | -$699.7K |
| YoY Change | 460.55% | -87.82% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$163.0K | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $685.5K | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $522.5K | $0.00 |
| YoY Change | -100.0% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 3.335M | 706.4K |
| YoY Change | 372.09% | -90.95% |
| NET CHANGE | ||
| Cash From Operating Activities | -3.922M | -699.7K |
| Cash From Investing Activities | 522.5K | 0.000 |
| Cash From Financing Activities | 3.335M | 706.4K |
| Net Change In Cash | -64.61K | 6.730K |
| YoY Change | -1060.03% | -59.09% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$3.922M | -$699.7K |
| Capital Expenditures | -$163.0K | $0.00 |
| Free Cash Flow | -$3.759M | -$699.7K |
| YoY Change | 437.26% | -86.56% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | EXDID |
Common Stock Outstanding Interest Rate
CommonStockOutstandingInterestRate
|
0.0999 | pure |
| CY2020Q4 | us-gaap |
Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020 | EXDID |
Debt Securities Available For Sales Realized Gain Loss
DebtSecuritiesAvailableForSalesRealizedGainLoss
|
USD | |
| CY2021 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
USD | |
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Employer Retention Credit
EmployerRetentionCredit
|
USD | |
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Gains Losses On Extinguishment Of Debt
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|
USD | |
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Income Tax Expense Benefit
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|
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Income Tax Expense Benefit
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|
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|
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Stock Issued During Period Value Conversion Of Convertible Securities
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|
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| CY2020 | EXDID |
Debt Securities Available For Sales Realized Gain Loss
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|
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| CY2020 | EXDID |
Non Cash Settlement Of Convertible Note And Accrued Interest
NonCashSettlementOfConvertibleNoteAndAccruedInterest
|
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Amortization Of Debt Discount Premium
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|
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Proceeds From Previous Acquisition
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|
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Proceeds From Sale And Maturity Of Marketable Securities
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|
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Repayments Of Notes Payable
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|
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|
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|
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|
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Income Taxes Paid Net
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Interest Paid Net
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|
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Noncash Fixed Asset Disposal As Part Of Reverse Acquisition
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|
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|
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| CY2020 | EXDID |
Preferred Stock Series B One Non Cash
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Preferred Stock Series B Two Non Cash
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Discounts Related To Issuance Of Convertible Debt And Warrants
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|
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|
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|
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| CY2021 | EXDID |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
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|
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|
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|
pure | |
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Deferred Tax Assets Liabilities Net
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|
USD |
