2022 Q1 Form 10-Q Financial Statement
#000149315222013577 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $451.8K | $383.1K |
| YoY Change | 17.94% | -30.31% |
| % of Gross Profit | ||
| Research & Development | $50.40K | $44.89K |
| YoY Change | 12.27% | -21.9% |
| % of Gross Profit | ||
| Depreciation & Amortization | $490.00 | $530.00 |
| YoY Change | -7.55% | -10.17% |
| % of Gross Profit | ||
| Operating Expenses | $502.2K | $428.0K |
| YoY Change | 17.35% | -29.52% |
| Operating Profit | -$502.2K | |
| YoY Change | ||
| Interest Expense | $39.70K | -$151.1K |
| YoY Change | -126.28% | -92.69% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $39.71K | |
| YoY Change | ||
| Pretax Income | -$462.5K | -$530.0K |
| YoY Change | -12.74% | -79.71% |
| Income Tax | $210.00 | -$112.3K |
| % Of Pretax Income | ||
| Net Earnings | -$462.7K | -$417.7K |
| YoY Change | 10.76% | -83.84% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.01 | |
| Diluted Earnings Per Share | -$6.973K | -$121.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 66.35M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $133.9K | $14.44K |
| YoY Change | 827.22% | -46.44% |
| Cash & Equivalents | $133.9K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $8.410K | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $144.5K | $18.52K |
| YoY Change | 680.29% | -41.21% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.710K | $7.240K |
| YoY Change | -62.57% | -76.35% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $22.25K | $2.290K |
| YoY Change | 871.62% | 25.14% |
| Total Long-Term Assets | $24.95K | $9.520K |
| YoY Change | 162.08% | -70.65% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $144.5K | $18.52K |
| Total Long-Term Assets | $24.95K | $9.520K |
| Total Assets | $169.5K | $28.04K |
| YoY Change | 504.35% | -56.15% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $967.2K | $950.1K |
| YoY Change | 1.8% | -5.53% |
| Accrued Expenses | $928.6K | $988.0K |
| YoY Change | -6.01% | 26.14% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.131M | $1.007M |
| YoY Change | 12.38% | -63.48% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.117M | $3.032M |
| YoY Change | 2.81% | -38.01% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.117M | $3.032M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $3.117M | $3.032M |
| YoY Change | 2.81% | -38.26% |
| 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 | -$2.947M | -$3.004M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $169.5K | $28.04K |
| YoY Change | 504.35% | -56.15% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$462.7K | -$417.7K |
| YoY Change | 10.76% | -83.84% |
| Depreciation, Depletion And Amortization | $490.00 | $530.00 |
| YoY Change | -7.55% | -10.17% |
| Cash From Operating Activities | -$314.2K | -$468.0K |
| YoY Change | -32.86% | 126.03% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | $0.00 | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 327.0K | 450.0K |
| YoY Change | -27.33% | 34.23% |
| NET CHANGE | ||
| Cash From Operating Activities | -314.2K | -468.0K |
| Cash From Investing Activities | 0.000 | |
| Cash From Financing Activities | 327.0K | 450.0K |
| Net Change In Cash | 12.78K | -18.00K |
| YoY Change | -171.0% | -114.04% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$314.2K | -$468.0K |
| Capital Expenditures | $0.00 | |
| Free Cash Flow | -$468.0K | |
| YoY Change | 126.03% |
Facts In Submission
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