2024 Q1 Form 10-Q Financial Statement

#000149315224019688 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $69.02K $18.41K $89.81K
YoY Change -23.15%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $69.02K $18.40K $89.81K
YoY Change -23.14%
Operating Profit -$69.02K -$18.40K -$89.81K
YoY Change -23.14%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$69.02K -$127.6K -$89.81K
YoY Change -23.15%
Income Tax
% Of Pretax Income
Net Earnings -$69.02K -$127.6K -$89.81K
YoY Change -23.14% 3891.38%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 109.1M shares 109.1M shares 108.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $240.00 $240.00 $198.3K
YoY Change -99.88%
Cash & Equivalents $244.00 $224.00 $198.3K
Short-Term Investments
Other Short-Term Assets $0.00 $4.060K
YoY Change
Inventory $3.459K
Prepaid Expenses
Receivables $20.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $244.00 $244.00 $222.4K
YoY Change -99.89% -99.91%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $94.83K
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $244.00 $244.00 $222.4K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $244.00 $244.00 $222.4K
YoY Change -99.89% -99.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.68K $13.78K $9.980K
YoY Change 197.39%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $53.13K $0.00 $5.250K
YoY Change 912.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.81K $13.78K $15.24K
YoY Change 443.35% -81.55%
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 $82.81K $13.78K $15.24K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $82.81K $13.78K $15.24K
YoY Change 443.35% -81.55%
SHAREHOLDERS EQUITY
Retained Earnings -$1.467M -$1.398M
YoY Change 42.42%
Common Stock $109.1K $109.1K
YoY Change 1.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$82.56K -$13.54K $207.2K
YoY Change
Total Liabilities & Shareholders Equity $244.00 $244.00 $222.4K
YoY Change -99.89% -99.91%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q1
OPERATING ACTIVITIES
Net Income -$69.02K -$127.6K -$89.81K
YoY Change -23.14% 3891.38%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$10.14K $537.4K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.700K -556.6K
YoY Change
NET CHANGE
Cash From Operating Activities -10.14K 537.4K
Cash From Investing Activities
Cash From Financing Activities -4.700K -556.6K
Net Change In Cash -14.84K -19.21K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$10.14K $537.4K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_84B_eus-gaap--UseOfEstimates_zXt9RjpgjW5e" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86A_zrPUyMkfwA6f">Use of estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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