2022 Q1 Form 10-Q Financial Statement
#000149315222013771 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $3.709M | $3.290M |
| YoY Change | 12.74% | 15.03% |
| Cost Of Revenue | $2.804M | $3.350M |
| YoY Change | -16.3% | 10.93% |
| Gross Profit | $905.0K | -$60.00K |
| YoY Change | -1608.33% | -62.5% |
| Gross Profit Margin | 24.4% | -1.82% |
| Selling, General & Admin | $1.536M | $1.350M |
| YoY Change | 13.78% | -21.05% |
| % of Gross Profit | 169.72% | |
| Research & Development | $476.0K | $490.0K |
| YoY Change | -2.86% | 8.89% |
| % of Gross Profit | 52.6% | |
| Depreciation & Amortization | $135.0K | $150.0K |
| YoY Change | -10.0% | -6.25% |
| % of Gross Profit | 14.92% | |
| Operating Expenses | $2.012M | $1.840M |
| YoY Change | 9.35% | -14.81% |
| Operating Profit | -$1.107M | -$1.900M |
| YoY Change | -41.74% | -18.1% |
| Interest Expense | -$13.00K | -$20.00K |
| YoY Change | -35.0% | 0.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $10.00K | |
| YoY Change | ||
| Pretax Income | -$1.120M | -$1.900M |
| YoY Change | -41.05% | -18.8% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$1.120M | -$1.900M |
| YoY Change | -41.05% | 850.0% |
| Net Earnings / Revenue | -30.2% | -57.75% |
| Basic Earnings Per Share | -$0.10 | |
| Diluted Earnings Per Share | -$87.58K | -$151.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 12.79M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.186M | $11.36M |
| YoY Change | -63.15% | 1162.22% |
| Cash & Equivalents | $4.186M | $11.36M |
| Short-Term Investments | ||
| Other Short-Term Assets | $5.264M | $770.0K |
| YoY Change | 583.64% | -47.26% |
| Inventory | $10.49M | $8.550M |
| Prepaid Expenses | ||
| Receivables | $3.616M | $2.710M |
| Other Receivables | $787.0K | $2.360M |
| Total Short-Term Assets | $24.34M | $25.76M |
| YoY Change | -5.52% | 38.87% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.641M | $2.750M |
| YoY Change | -40.33% | -30.73% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $93.00K | $90.00K |
| YoY Change | 3.33% | -88.0% |
| Total Long-Term Assets | $1.734M | $2.840M |
| YoY Change | -38.94% | -39.83% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $24.34M | $25.76M |
| Total Long-Term Assets | $1.734M | $2.840M |
| Total Assets | $26.07M | $28.60M |
| YoY Change | -8.84% | 22.91% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $544.0K | $430.0K |
| YoY Change | 26.51% | -24.56% |
| Accrued Expenses | $1.902M | $1.810M |
| YoY Change | 5.08% | 5.85% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $1.640M |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $245.0K | $250.0K |
| YoY Change | -2.0% | -24.24% |
| Total Short-Term Liabilities | $3.614M | $4.500M |
| YoY Change | -19.69% | 55.17% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $205.0K | $520.0K |
| YoY Change | -60.58% | -25.71% |
| Other Long-Term Liabilities | $123.0K | $820.0K |
| YoY Change | -85.0% | -45.33% |
| Total Long-Term Liabilities | $328.0K | $1.340M |
| YoY Change | -75.52% | -39.09% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.614M | $4.500M |
| Total Long-Term Liabilities | $328.0K | $1.340M |
| Total Liabilities | $3.942M | $5.840M |
| YoY Change | -32.5% | 14.73% |
| 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 | $22.13M | $22.76M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $26.07M | $28.60M |
| YoY Change | -8.84% | 22.91% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | POLA |
Employee Retention Credit Receivable
EmployeeRetentionCreditReceivable
|
2000000 | USD |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2022Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | |
| CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | POLA |
Proceeds From Sale Of Common Stock Net Of Offering Costs
ProceedsFromSaleOfCommonStockNetOfOfferingCosts
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
| CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
| CY2022Q1 | POLA |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
| CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
| CY2022Q1 | POLA |
Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageExercisePrice
|
