2021 Q4 Form 10-K Financial Statement
#000138713122004473 Filed on March 31, 2022
Income Statement
| Concept | 2021 Q4 | 2020 |
|---|---|---|
| Revenue | $3.498M | $19.50M |
| YoY Change | -34.62% | -5.34% |
| Cost Of Revenue | $3.473M | $18.10M |
| YoY Change | -31.77% | -6.7% |
| Gross Profit | $25.00K | $1.400M |
| YoY Change | -90.38% | 16.67% |
| Gross Profit Margin | 0.71% | 7.18% |
| Selling, General & Admin | $1.517M | $5.000M |
| YoY Change | 30.78% | -47.92% |
| % of Gross Profit | 6068.0% | 357.14% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $109.0K | $460.0K |
| YoY Change | -149.55% | -39.47% |
| % of Gross Profit | 436.0% | 32.86% |
| Operating Expenses | $1.517M | $5.200M |
| YoY Change | 30.78% | -46.94% |
| Operating Profit | -$1.492M | -$3.800M |
| YoY Change | 65.78% | -55.81% |
| Interest Expense | $99.00K | $300.0K |
| YoY Change | 10.0% | -175.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$2.000K | $1.000M |
| YoY Change | -102.86% | -135.71% |
| Pretax Income | -$1.395M | -$3.000M |
| YoY Change | 88.51% | -72.22% |
| Income Tax | $3.000K | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$1.398M | -$3.000M |
| YoY Change | 88.92% | 200.0% |
| Net Earnings / Revenue | -39.97% | -15.38% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$151.1K | -$0.34 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $9.924M | $7.570M |
| YoY Change | 31.1% | -17.27% |
| Cash & Equivalents | $11.70M | $7.570M |
| Short-Term Investments | $0.00 | |
| Other Short-Term Assets | $2.844M | $900.0K |
| YoY Change | 216.0% | 12.5% |
| Inventory | $4.160M | $2.400M |
| Prepaid Expenses | ||
| Receivables | $2.429M | $2.590M |
| Other Receivables | $0.00 | $500.0K |
| Total Short-Term Assets | $25.14M | $13.96M |
| YoY Change | 80.05% | -31.47% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $516.0K | $1.940M |
| YoY Change | -73.4% | -20.82% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $39.00K | $20.00K |
| YoY Change | 95.0% | -96.43% |
| Total Long-Term Assets | $2.792M | $7.330M |
| YoY Change | -61.91% | -9.62% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $25.14M | $13.96M |
| Total Long-Term Assets | $2.792M | $7.330M |
| Total Assets | $27.93M | $21.29M |
| YoY Change | 31.17% | -25.25% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.089M | $3.310M |
| YoY Change | -36.89% | -56.04% |
| Accrued Expenses | $1.263M | $430.0K |
| YoY Change | 193.72% | |
| Deferred Revenue | $2.423M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $1.060M | |
| YoY Change | ||
| Total Short-Term Liabilities | $6.582M | $5.540M |
| YoY Change | 18.81% | -43.7% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.080M | |
| YoY Change | ||
| Other Long-Term Liabilities | $1.793M | $820.0K |
| YoY Change | 118.66% | -54.19% |
| Total Long-Term Liabilities | $1.793M | $1.900M |
| YoY Change | -5.63% | 6.15% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $6.582M | $5.540M |
| Total Long-Term Liabilities | $1.793M | $1.900M |
| Total Liabilities | $8.375M | $7.430M |
| YoY Change | 12.72% | -36.17% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$12.31M | |
| YoY Change | ||
| Common Stock | $10.00K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $19.55M | $13.86M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $27.93M | $21.29M |
| YoY Change | 31.17% | -25.25% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.34 | |
| CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
USD | |
| CY2020Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
USD | |
| CY2021Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
USD | |
| CY2021Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
USD | |
| CY2021 | ppsi |
Change In Long Term Payables
ChangeInLongTermPayables
|
USD | |
| CY2021 | us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
USD | |
| CY2021 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
|
USD | |
| CY2021 | ppsi |
Change In Note Receivable
ChangeInNoteReceivable
|
USD | |
| CY2021 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
USD | |
| CY2021 | ppsi |
Payment Of Deferred Purchase Price
PaymentOfDeferredPurchasePrice
|
USD | |
| CY2020 | ppsi |
Payment Of Deferred Payroll Taxes
PaymentOfDeferredPayrollTaxes
|
USD | |
| CY2020 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2020 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
USD | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2020 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2020 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
USD | |
| CY2020 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
USD | |
| CY2021Q4 | ppsi |
Net Noncurrent Deferred Income Tax Asset
NetNoncurrentDeferredIncomeTaxAsset
|
USD | |
| CY2020 | ppsi |
Acquisition Of Rightofuse Assets
AcquisitionOfRightofuseAssets
|
USD | |
| CY2021Q4 | us-gaap |
Cash
Cash
|
9924000 | USD |
| CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
1775000 | USD |
| CY2020Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
USD | |
| CY2021 | us-gaap |
Other Income
OtherIncome
|
1292000 | USD |
| CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
| CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1418000 | USD |
| CY2021Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherAssets | |
| CY2020Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherAssets | |
| CY2021Q4 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherAssets | |
| CY2020Q4 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2021-01-31#OtherAssets | |
| CY2020Q4 | ppsi |
Net Noncurrent Deferred Income Tax Asset
NetNoncurrentDeferredIncomeTaxAsset
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
10124000 | USD |
| CY2021 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
| CY2020 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares |
