2023 Q4 Form 10-Q Financial Statement

#000121390023086065 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $105.0K $54.00K
YoY Change 5150.0% -37.93%
Cost Of Revenue
YoY Change
Gross Profit $54.00K
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $2.354M $2.440M
YoY Change -18.72% -10.95%
% of Gross Profit 4518.52%
Research & Development $2.964M $3.366M
YoY Change -35.21% -25.25%
% of Gross Profit 6233.33%
Depreciation & Amortization $61.00K $67.00K
YoY Change -37.11% -33.0%
% of Gross Profit 124.07%
Operating Expenses $2.964M $3.366M
YoY Change -35.21% -25.25%
Operating Profit -$5.213M -$5.377M
YoY Change -21.95% -22.33%
Interest Expense $216.0K $214.0K
YoY Change -201.89% -210.31%
% of Operating Profit
Other Income/Expense, Net $219.0K $279.0K
YoY Change -116.07% -67.1%
Pretax Income -$4.994M -$5.100M
YoY Change -39.5% -18.65%
Income Tax
% Of Pretax Income
Net Earnings -$4.905M -$4.961M
YoY Change -39.57% -18.95%
Net Earnings / Revenue -4671.43% -9187.04%
Basic Earnings Per Share -$0.12 -$0.12
Diluted Earnings Per Share -$0.12 -$0.12
COMMON SHARES
Basic Shares Outstanding 41.48M shares 41.35M shares
Diluted Shares Outstanding 41.53M shares 41.33M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.62M $33.61M
YoY Change -35.19% -30.0%
Cash & Equivalents $5.468M $5.253M
Short-Term Investments $25.15M $28.36M
Other Short-Term Assets $1.632M $1.650M
YoY Change -43.61% -3.4%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $32.25M $35.26M
YoY Change -35.68% -29.09%
LONG-TERM ASSETS
Property, Plant & Equipment $788.0K $768.0K
YoY Change 17.09% 8.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $79.00K $7.000K
YoY Change -18.56% 40.0%
Total Long-Term Assets $9.312M $9.284M
YoY Change -4.85% -7.45%
TOTAL ASSETS
Total Short-Term Assets $32.25M $35.26M
Total Long-Term Assets $9.312M $9.284M
Total Assets $41.56M $44.54M
YoY Change -30.64% -25.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.104M $970.0K
YoY Change -12.17% -27.01%
Accrued Expenses $1.012M $1.024M
YoY Change -32.85% 2.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.530M $4.322M
YoY Change -14.27% -13.87%
LONG-TERM LIABILITIES
Long-Term Debt $24.40M $23.17M
YoY Change 7.61% 11.81%
Other Long-Term Liabilities $6.016M $6.010M
YoY Change -14.08% -15.51%
Total Long-Term Liabilities $30.42M $29.18M
YoY Change 2.49% 4.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.530M $4.322M
Total Long-Term Liabilities $30.42M $29.18M
Total Liabilities $34.95M $33.50M
YoY Change -0.04% 1.98%
SHAREHOLDERS EQUITY
Retained Earnings -$409.5M -$404.5M
YoY Change 6.21% 7.2%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.399M $8.901M
YoY Change
Total Liabilities & Shareholders Equity $41.56M $44.54M
YoY Change -30.64% -25.46%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$4.905M -$4.961M
YoY Change -39.57% -18.95%
Depreciation, Depletion And Amortization $61.00K $67.00K
YoY Change -37.11% -33.0%
Cash From Operating Activities -$3.646M -$5.857M
YoY Change -41.94% -23.03%
INVESTING ACTIVITIES
Capital Expenditures $124.0K $103.0K
YoY Change 82.35% 41.1%
Acquisitions
YoY Change
Other Investing Activities $4.035M $5.910M
YoY Change 447.49% -8.6%
Cash From Investing Activities $3.921M $5.802M
YoY Change 486.1% -9.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -3.646M -$5.857M
Cash From Investing Activities 3.921M $5.802M
Cash From Financing Activities 0.000
Net Change In Cash 275.0K -$97.00K
YoY Change 235.37% -92.98%
FREE CASH FLOW
Cash From Operating Activities -$3.646M -$5.857M
Capital Expenditures $124.0K $103.0K
Free Cash Flow -$3.770M -$5.960M
YoY Change -40.61% -22.42%

Facts In Submission

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CY2023Q3 us-gaap Use Of Estimates
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>c.</i></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of estimates</i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates, judgments and assumptions that are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p>
CY2020Q2 plur Subsidiary Loan
SubsidiaryLoan
50000000 eur
CY2021Q2 plur First Tranche Price
FirstTranchePrice
20000000 eur
CY2021Q2 plur Annual Interest Percentage
AnnualInterestPercentage
0.04 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1003873 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
27951 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
183025 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
106546 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
470694 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1800517 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
456779 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1770417 shares
CY2023Q3 plur Cash And Deposits
CashAndDeposits
906000 usd
CY2023Q3 plur Percentage Of Qualified Expenditures
PercentageOfQualifiedExpenditures
0.50 pure
CY2023Q3 plur Royalty Rate Sales
RoyaltyRateSales
0.03 pure
CY2023Q3 plur Royalty Rate Payable On Grants Received
RoyaltyRatePayableOnGrantsReceived
1 pure
CY2023Q3 plur Contingent Liability In Respect To Royalties
ContingentLiabilityInRespectToRoyalties
27564000 usd
CY2020Q2 plur Subsidiary Loan
SubsidiaryLoan
50000000 eur
CY2023Q3 plur Contractual Interest Rate For Funds Borrowed
ContractualInterestRateForFundsBorrowed
0.04 pure
CY2023Q3 plur Deferred Interest Rate Percentage
DeferredInterestRatePercentage
0.04 pure
CY2021Q2 plur First Tranche Price
FirstTranchePrice
20000000 eur
CY2021Q2 plur Annual Interest Percentage
AnnualInterestPercentage
0.04 pure
CY2023Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
21198000 usd
CY2023Q3 plur Accrued Interest
AccruedInterest
1974000 usd
CY2022Q3 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
11800000000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1657592 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1935014 shares
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38000 usd
CY2023Q3 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
1000 usd
CY2023Q3 plur Aggregate Amount
AggregateAmount
2500000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
0.80 pure
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32562596 shares
CY2022Q3 plur Modification Of Warrants To Noncontrolling Interests
ModificationOfWarrantsToNoncontrollingInterests
usd
CY2022Q3 plur Supplemental Noncash Information Related To Lease Liabilities Arising From Obtaining Rightofuse As
SupplementalNoncashInformationRelatedToLeaseLiabilitiesArisingFromObtainingRightofuseAs
usd
CY2023Q3 dei Amendment Flag
AmendmentFlag
false
CY2023Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2023Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001158780

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