2021 Form 10-K Financial Statement
#000121390022016463 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $160.0K | $120.0K |
| YoY Change | 33.33% | |
| Cost Of Revenue | $100.0K | $60.00K |
| YoY Change | 66.67% | |
| Gross Profit | $60.00K | $60.00K |
| YoY Change | 0.0% | |
| Gross Profit Margin | 37.5% | 50.0% |
| Selling, General & Admin | $160.0K | $100.0K |
| YoY Change | 60.0% | |
| % of Gross Profit | 266.67% | 166.67% |
| Research & Development | $10.00K | |
| YoY Change | ||
| % of Gross Profit | 16.67% | |
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $170.0K | $100.0K |
| YoY Change | 70.0% | |
| Operating Profit | -$110.0K | -$40.00K |
| YoY Change | 175.0% | |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $20.00K | $0.00 |
| YoY Change | ||
| Pretax Income | -$100.0K | -$40.00K |
| YoY Change | 150.0% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$100.0K | -$40.00K |
| YoY Change | 150.0% | |
| Net Earnings / Revenue | -62.5% | -33.33% |
| Basic Earnings Per Share | -$0.01 | $0.00 |
| Diluted Earnings Per Share | -$8.696K | -$3.902K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 11.50M shares | 10.25M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $270.0K | $290.0K |
| YoY Change | -6.9% | |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $50.00K | $40.00K |
| Other Receivables | $10.00K | $10.00K |
| Total Short-Term Assets | $320.0K | $340.0K |
| YoY Change | -5.88% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $320.0K | $340.0K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $320.0K | $340.0K |
| YoY Change | -5.88% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $40.00K | $10.00K |
| YoY Change | 300.0% | |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $430.0K | $340.0K |
| YoY Change | 26.47% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $430.0K | $340.0K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $430.0K | $340.0K |
| YoY Change | 26.47% | |
| 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 | -$100.0K | $0.00 |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $320.0K | $340.0K |
| YoY Change | -5.88% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001784058 | |
| CY2021 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
USD | |
| CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021 | cik0001784058 |
Pay For Deferred Offering Cost
PayForDeferredOfferingCost
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD |
