2022 Q3 Form 10-K Financial Statement

#000165495422012862 Filed on September 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $869.7K $770.7K $1.468M
YoY Change 445.3% 339.95% -878.61%
Cost Of Revenue $86.50K $87.52K $217.5K
YoY Change 60.39% 131.53% 47.14%
Gross Profit $783.2K $683.2K $1.251M
YoY Change 641.97% 397.29% -471.81%
Gross Profit Margin 90.05% 88.64% 85.19%
Selling, General & Admin $3.509M $6.348M $16.51M
YoY Change -8.54% 6.68% -4.76%
% of Gross Profit 448.04% 929.15% 1319.98%
Research & Development $6.027M $7.436M $21.33M
YoY Change 72.95% 113.57% 64.99%
% of Gross Profit 769.59% 1088.4% 1704.93%
Depreciation & Amortization $59.63K $42.43K $126.7K
YoY Change 374.76% 237.82% 147.79%
% of Gross Profit 7.61% 6.21% 10.13%
Operating Expenses $9.622M $13.78M $38.06M
YoY Change 30.47% 46.14% 25.75%
Operating Profit -$8.753M -$13.10M -$36.59M
YoY Change 21.3% 40.95% 19.57%
Interest Expense $9.602K $333.5K $29.68K
YoY Change 70.52% -244.02% -113.98%
% of Operating Profit
Other Income/Expense, Net $497.3K $390.1K
YoY Change 382.13% -283.69%
Pretax Income -$8.255M -$12.77M -$36.20M
YoY Change 16.07% -8.37% 7.74%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$8.255M -$12.77M -$36.20M
YoY Change 16.07% -8.37% 7.74%
Net Earnings / Revenue -949.28% -1656.54% -2465.06%
Basic Earnings Per Share
Diluted Earnings Per Share -$856.8K -$1.335M -$3.793M
COMMON SHARES
Basic Shares Outstanding 9.290M shares 231.8M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.19M $29.94M $29.94M
YoY Change -60.33% -50.19% -50.19%
Cash & Equivalents $21.19M $29.94M $29.94M
Short-Term Investments
Other Short-Term Assets $2.105M $1.932M $1.932M
YoY Change -28.57% -36.84% -36.84%
Inventory $858.0K $944.5K $944.5K
Prepaid Expenses
Receivables $2.023M $1.780M $1.780M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.18M $34.60M $34.60M
YoY Change -55.17% -47.51% -47.51%
LONG-TERM ASSETS
Property, Plant & Equipment $620.9K $539.3K $1.418M
YoY Change 343.44% 468.79% 6.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $56.92K $56.92K $56.92K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $1.465M $1.475M $1.475M
YoY Change 9.03% 6.13% 6.13%
TOTAL ASSETS
Total Short-Term Assets $26.18M $34.60M $34.60M
Total Long-Term Assets $1.465M $1.475M $1.475M
Total Assets $27.64M $36.07M $36.07M
YoY Change -53.72% -46.4% -46.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.774M $3.158M $3.158M
YoY Change 394.8% 392.88% 392.88%
Accrued Expenses $6.117M $6.875M $7.246M
YoY Change 22.55% 18.59% 17.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $102.3K $100.9K $100.9K
YoY Change
Total Short-Term Liabilities $15.86M $16.26M $16.26M
YoY Change 62.05% 54.68% 54.68%
LONG-TERM LIABILITIES
Long-Term Debt $126.3K $152.4K $152.4K
YoY Change
Other Long-Term Liabilities $2.740M $2.861M $3.391M
YoY Change -55.57% -54.09% -52.47%
Total Long-Term Liabilities $2.740M $2.861M $3.543M
YoY Change -55.57% -54.09% -50.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.86M $16.26M $16.26M
Total Long-Term Liabilities $2.740M $2.861M $3.543M
Total Liabilities $19.19M $19.80M $19.80M
YoY Change 14.49% 12.23% 12.23%
SHAREHOLDERS EQUITY
Retained Earnings -$396.2M -$388.0M
YoY Change 10.4% 10.29%
Common Stock $92.91K $92.71K
YoY Change -95.98% -95.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.449M $16.27M $16.27M
YoY Change
Total Liabilities & Shareholders Equity $27.64M $36.07M $36.07M
YoY Change -53.72% -46.4% -46.4%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$8.255M -$12.77M -$36.20M
YoY Change 16.07% -8.37% 7.74%
Depreciation, Depletion And Amortization $59.63K $42.43K $126.7K
YoY Change 374.76% 237.82% 147.79%
Cash From Operating Activities -$24.73K -$7.719M $18.36K
YoY Change -99.61% -9.58% -100.08%
INVESTING ACTIVITIES
Capital Expenditures -$141.2K -$37.11K $261.4K
YoY Change 144.51% -4669.48%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$141.2K -$37.11K -$261.4K
YoY Change 144.49% 4469.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.581M -24.41K -$29.92M
YoY Change 4140.77% 31855.09%
NET CHANGE
Cash From Operating Activities -$24.73K -7.719M $18.36K
Cash From Investing Activities -$141.2K -37.11K -$261.4K
Cash From Financing Activities -$8.581M -24.41K -$29.92M
Net Change In Cash -$8.747M -7.780M -$30.17M
YoY Change 30.87% -8.86% 32.61%
FREE CASH FLOW
Cash From Operating Activities -$24.73K -$7.719M $18.36K
Capital Expenditures -$141.2K -$37.11K $261.4K
Free Cash Flow $116.5K -$7.682M -$243.0K
YoY Change -101.83% -10.01% -98.93%

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16191 shares
CY2021 ptn Vesting Of Restricted Share
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6671 shares
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221311 usd
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93638 usd
CY2022 dei Auditor Firm
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185

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ptn_10k_htm.xml Edgar Link completed
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ptn-20220630_cal.xml Edgar Link unprocessable
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