2023 Q3 Form 10-K Financial Statement

#000168316823005175 Filed on July 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.970M $817.4K $5.987M
YoY Change 29.49% -34.8% 61.76%
% of Gross Profit
Research & Development $104.5K $85.87K $468.5K
YoY Change -34.4% -66.2% -32.19%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.075M $903.3K $6.455M
YoY Change 23.49% -40.09% 46.98%
Operating Profit -$2.075M -$6.455M
YoY Change 23.49% 46.98%
Interest Expense $880.0K $722.9K $1.938M
YoY Change 735.09% 380548.33%
% of Operating Profit
Other Income/Expense, Net -$1.108M $54.01K $202.0K
YoY Change -917.11% -3540.13% 32.15%
Pretax Income -$3.180M -$126.3K -$4.316M
YoY Change 105.82% -91.12% 1.81%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$3.183M -$126.3K -$4.316M
YoY Change 106.04% -91.12% 1.81%
Net Earnings / Revenue
Basic Earnings Per Share -$0.28 -$0.22
Diluted Earnings Per Share -$0.28 -$0.01 -$0.22
COMMON SHARES
Basic Shares Outstanding 8.778M shares 19.49M shares
Diluted Shares Outstanding 12.60M shares 19.49M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.66M $68.04M $68.04M
YoY Change -9.2% -20.33% -20.33%
Cash & Equivalents $74.66M $68.04M
Short-Term Investments
Other Short-Term Assets $90.00K $107.7K $107.7K
YoY Change 219.72% 14.35% 14.35%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $74.75M $68.15M $68.15M
YoY Change -9.12% -20.29% -20.29%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $3.549M $3.549M
YoY Change 0.0%
Long-Term Investments $1.572M $1.572M $1.572M
YoY Change 0.0% 0.0% 0.0%
Other Assets $10.00K $7.690K $7.690K
YoY Change 30.04% 0.0% 0.0%
Total Long-Term Assets $5.129M $5.129M $5.129M
YoY Change 0.0% 0.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $74.75M $68.15M $68.15M
Total Long-Term Assets $5.129M $5.129M $5.129M
Total Assets $79.88M $73.28M $73.28M
YoY Change -8.59% -19.14% -19.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $718.1K $128.3K $128.3K
YoY Change 28.46% -37.53% -37.53%
Accrued Expenses $480.0K $458.3K $458.3K
YoY Change -9.48% -8.16% -8.16%
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 $1.518M $586.6K $586.6K
YoY Change 39.35% -16.72% -16.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.88M
YoY Change
Total Long-Term Liabilities $18.88M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.518M $586.6K $586.6K
Total Long-Term Liabilities $18.88M $0.00 $0.00
Total Liabilities $20.40M $586.6K $586.6K
YoY Change 1772.39% -16.72% -16.72%
SHAREHOLDERS EQUITY
Retained Earnings -$119.5M -$116.0M
YoY Change 5.54% 3.86%
Common Stock $2.167K $2.160K
YoY Change 0.32% 4.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.28M
YoY Change 1826.61%
Treasury Stock Shares
Shareholders Equity $42.73M $72.69M $72.69M
YoY Change
Total Liabilities & Shareholders Equity $79.88M $73.28M $73.28M
YoY Change -8.59% -19.14% -19.14%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income -$3.183M -$126.3K -$4.316M
YoY Change 106.04% -91.12% 1.81%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $343.0K -$288.4K -$3.794M
YoY Change -131.63% -75.8% -7.86%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.307M -$13.56M
YoY Change -115.52%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.279M -4.307M -13.56M
YoY Change -400.44% 8375.91% -115.53%
NET CHANGE
Cash From Operating Activities $343.0K -288.4K -3.794M
Cash From Investing Activities $0.00 0.000 0.000
Cash From Financing Activities $6.279M -4.307M -13.56M
Net Change In Cash $6.623M -4.595M -17.35M
YoY Change -308.71% 269.77% -120.86%
FREE CASH FLOW
Cash From Operating Activities $343.0K -$288.4K -$3.794M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 PMCB Noncash Equity Issuance Costs
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CY2021Q3 us-gaap Stockholders Equity Reverse Stock Split
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y29D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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6.94
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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281269 shares
CY2023 us-gaap Use Of Estimates
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<p id="xdx_848_eus-gaap--UseOfEstimates_zDpCt5taN5ad" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_864_zFBgOP4e6Ptj">Use of Estimates in the Preparation of Financial Statements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company’s consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of the Company’s consolidated financial position and results of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
3549427 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
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0 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
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CY2023 us-gaap Research And Development Expense
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CY2022 us-gaap Research And Development Expense
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_znBFg2q9ul32" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86D_zAIsPGIBBRT1">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains most of its cash balance at financial institutions located in throughout the United States. Accounts at these institutions are insured by the Federal Deposit Insurance Corporation up to $250,000. Uninsured balances aggregated approximately $<span id="xdx_901_eus-gaap--CashUninsuredAmount_c20230430_pp0p0" title="Uninsured cash balances">279,000</span> and $<span id="xdx_90D_eus-gaap--CashUninsuredAmount_iI_pp0p0_c20220430_zb8V0f0TxDZ2" title="Uninsured cash balances">35,000,000</span> at April 30, 2023 and 2022, respectively. The Company has not experienced any losses in such accounts. Management believes it is not exposed to any significant credit risk on cash.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>
CY2023Q2 us-gaap Cash Uninsured Amount
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279000 usd
CY2022Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
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CY2023Q2 us-gaap Employee Related Liabilities Current
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CY2022Q2 us-gaap Employee Related Liabilities Current
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CY2023Q2 us-gaap Other Accrued Liabilities Current
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CY2022Q2 us-gaap Other Accrued Liabilities Current
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CY2023Q2 us-gaap Accounts Payable Other Current
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CY2023Q2 us-gaap Accrued Liabilities Current
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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6.94
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
23420 usd
CY2022 us-gaap Operating Lease Expense
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CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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369666 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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584321 usd
CY2023Q2 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
93316 usd
CY2022Q2 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
0 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
33688 usd
CY2022Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
35230 usd
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16229341 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15758401 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15758401 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
470940 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2023 PMCB Net Valuation Allowance For State Tax Deductions
NetValuationAllowanceForStateTaxDeductions
420300 usd
CY2022 PMCB Net Valuation Allowance For State Tax Deductions
NetValuationAllowanceForStateTaxDeductions
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2023 us-gaap Net Income Loss
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-4315993 usd
CY2022 us-gaap Net Income Loss
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-4239161 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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19489204 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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15521654 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19489204 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15521654 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2022 us-gaap Earnings Per Share Basic
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-0.27
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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10172116 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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10813635 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2023Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
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10000000 usd
CY2023Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
4808098 shares
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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6497473 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15758401 usd
CY2023 PMCB Deferred Tax Assets Valuation Allowance Charges
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0 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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470940 usd
CY2023 PMCB Deferred Tax Assets Valuation Allowance Deductions
DeferredTaxAssetsValuationAllowanceDeductions
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CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
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16229341 usd
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022 PMCB Deferred Tax Assets Valuation Allowance Charges
DeferredTaxAssetsValuationAllowanceCharges
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 PMCB Deferred Tax Assets Valuation Allowance Deductions
DeferredTaxAssetsValuationAllowanceDeductions
0 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15758401 usd

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pharmacyte_ex2101.htm Edgar Link pending
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pmcb-20230430.xsd Edgar Link pending
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