2024 Q2 Form 10-Q Financial Statement

#000121390024041274 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $96.00K $71.00K
YoY Change -12.73% -18.39%
Cost Of Revenue $4.000K
YoY Change -60.0%
Gross Profit $92.00K
YoY Change -8.0%
Gross Profit Margin 95.83%
Selling, General & Admin $2.731M $2.511M
YoY Change -12.47% -16.85%
% of Gross Profit 2968.48%
Research & Development $3.714M $3.094M
YoY Change -7.15% -28.59%
% of Gross Profit 4036.96%
Depreciation & Amortization $61.00K $61.00K
YoY Change -12.86% -30.68%
% of Gross Profit 66.3%
Operating Expenses $5.736M $3.094M
YoY Change -13.74% -28.59%
Operating Profit -$5.644M -$5.534M
YoY Change -13.83% -22.06%
Interest Expense -$218.0K $218.0K
YoY Change 263.33% -200.46%
% of Operating Profit
Other Income/Expense, Net $390.0K $144.0K
YoY Change -132.65%
Pretax Income -$5.862M -$5.390M
YoY Change -11.32% -30.52%
Income Tax
% Of Pretax Income
Net Earnings -$5.729M -$5.293M
YoY Change -13.33% -30.57%
Net Earnings / Revenue -5967.71% -7454.93%
Basic Earnings Per Share -$1.01
Diluted Earnings Per Share -$1.07 -$1.01
COMMON SHARES
Basic Shares Outstanding 5.389M shares 41.48M shares
Diluted Shares Outstanding 5.221M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.99M $26.01M
YoY Change -25.35% -41.12%
Cash & Equivalents $6.783M $7.081M
Short-Term Investments $23.20M $18.93M
Other Short-Term Assets $1.122M $1.360M
YoY Change -0.71% -46.01%
Inventory
Prepaid Expenses $222.0K
Receivables
Other Receivables
Total Short-Term Assets $31.11M $27.37M
YoY Change -24.88% -41.38%
LONG-TERM ASSETS
Property, Plant & Equipment $688.0K $769.0K
YoY Change 0.0% 12.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $70.00K $7.000K
YoY Change 6900.0% 250.0%
Total Long-Term Assets $8.420M $9.023M
YoY Change -10.31% -5.56%
TOTAL ASSETS
Total Short-Term Assets $31.11M $27.37M
Total Long-Term Assets $8.420M $9.023M
Total Assets $39.53M $36.39M
YoY Change -22.19% -35.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $964.0K $1.030M
YoY Change -46.74% -29.11%
Accrued Expenses $1.223M $958.0K
YoY Change 1.16% -28.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.454M $4.526M
YoY Change -20.76% -15.83%
LONG-TERM LIABILITIES
Long-Term Debt $24.03M $24.07M
YoY Change 2.11% 3.08%
Other Long-Term Liabilities $5.631M $5.954M
YoY Change -11.32% -10.29%
Total Long-Term Liabilities $29.66M $30.02M
YoY Change -0.73% 0.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.454M $4.526M
Total Long-Term Liabilities $29.66M $30.02M
Total Liabilities $34.11M $34.55M
YoY Change -3.9% -2.3%
SHAREHOLDERS EQUITY
Retained Earnings -$420.5M -$414.7M
YoY Change 5.23% 5.5%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $96.00K -$356.0K
YoY Change
Total Liabilities & Shareholders Equity $39.53M $36.39M
YoY Change -22.19% -35.3%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$5.729M -$5.293M
YoY Change -13.33% -30.57%
Depreciation, Depletion And Amortization $61.00K $61.00K
YoY Change -12.86% -30.68%
Cash From Operating Activities -$4.313M -$4.202M
YoY Change 48.72% -30.79%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $89.00K
YoY Change -88.89% 270.83%
Acquisitions
YoY Change
Other Investing Activities -$4.795M $5.757M
YoY Change -208.48% -445.97%
Cash From Investing Activities -$4.805M $5.668M
YoY Change -210.97% -435.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.841M 0.000
YoY Change -88510.0% -100.0%
NET CHANGE
Cash From Operating Activities -4.313M -4.202M
Cash From Investing Activities -4.805M 5.668M
Cash From Financing Activities 8.841M 0.000
Net Change In Cash -277.0K 1.466M
YoY Change -119.51% -127.06%
FREE CASH FLOW
Cash From Operating Activities -$4.313M -$4.202M
Capital Expenditures $10.00K $89.00K
Free Cash Flow -$4.323M -$4.291M
YoY Change 44.58% -29.6%

Facts In Submission

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PaymentsForProceedsFromShortTermInvestments
-5539000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
15389000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5374000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8034000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8034000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-278000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1735000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6830000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6256000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11413000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7991000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4583000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7081000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3677000 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
273000 usd
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
273000 usd
CY2024Q1 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
637000 usd
CY2023Q1 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
633000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7991000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4583000 usd
plur Purchase Of Propertys And Equipment On Credit
PurchaseOfPropertysAndEquipmentOnCredit
34000 usd
plur Purchase Of Propertys And Equipment On Credit
PurchaseOfPropertysAndEquipmentOnCredit
87000 usd
plur Accrued Expenses Related To Issuance Of Common Shares And Warrants
AccruedExpensesRelatedToIssuanceOfCommonSharesAndWarrants
100000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
82000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
216000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
87000 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-414743000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-356000 usd
us-gaap Profit Loss
ProfitLoss
-15482000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13708000 usd
CY2024Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
26917000 usd
us-gaap Use Of Estimates
UseOfEstimates
<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: 0.25in"> </td> <td style="width: 0.25in"><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>
CY2021Q2 plur Due Date
DueDate
2026-06-01
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
910000 usd
plur Percentage Of Qualified Expenditures
PercentageOfQualifiedExpenditures
0.50 pure
plur Royalty Rate Sales
RoyaltyRateSales
0.03 pure
plur Royalty Rate Payable On Grants Received
RoyaltyRatePayableOnGrantsReceived
1 pure
CY2024Q1 plur Contingent Liability In Respect To Royalties
ContingentLiabilityInRespectToRoyalties
27746000 usd
CY2021Q2 plur Due Date
DueDate
2026-06-01
CY2024Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
21620000 usd
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1019488 shares
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1019488 shares
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.24
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
697486 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
697486 shares
CY2022Q4 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
8.24
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.4
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
258565 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
258565 shares
CY2022Q4 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
8.4
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.48
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
29688 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
29688 shares
CY2022Q4 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
8.48
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.72
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
16875 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
16875 shares
CY2022Q4 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
8.72
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
8.96
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
16875 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
16875 shares
CY2022Q4 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
8.96
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P3Y
CY2023Q4 plur Aggregate Amount Received
AggregateAmountReceived
2500000 usd
CY2023Q1 us-gaap Common Unit Issued
CommonUnitIssued
10000 shares
CY2023Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
310000 usd
CY2024Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
10000 usd
CY2023Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
310000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
117000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
149000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5193808 shares
plur Modification Of Warrants To Noncontrolling Interests
ModificationOfWarrantsToNoncontrollingInterests
usd
plur Expiration Of Warrants In Ever After
ExpirationOfWarrantsInEverAfter
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
plur Accrued Expenses Related To Issuance Of Common Shares And Warrants
AccruedExpensesRelatedToIssuanceOfCommonSharesAndWarrants
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001158780

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