2021 Q4 Form 10-K Financial Statement
#000149315222007957 Filed on March 29, 2022
Income Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| Revenue | $456.0K | $2.000M |
| YoY Change | -77.2% | 18.34% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.540M | $1.410M |
| YoY Change | 9.22% | -11.32% |
| % of Gross Profit | ||
| Research & Development | $2.959M | $3.270M |
| YoY Change | -9.51% | -22.33% |
| % of Gross Profit | ||
| Depreciation & Amortization | $35.00K | $60.00K |
| YoY Change | -41.67% | 50.0% |
| % of Gross Profit | ||
| Operating Expenses | $4.499M | $4.670M |
| YoY Change | -3.66% | -19.48% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $1.000K | $0.00 |
| YoY Change | -100.0% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $11.00K | -$230.0K |
| YoY Change | -104.78% | |
| Pretax Income | -$4.031M | -$2.900M |
| YoY Change | 39.0% | -28.22% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$4.031M | -$2.900M |
| YoY Change | 39.0% | -28.22% |
| Net Earnings / Revenue | -883.99% | -145.0% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$1.404M | -$80.20K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $53.84M | $31.66M |
| YoY Change | 70.06% | 35.07% |
| Cash & Equivalents | $53.84M | $31.66M |
| Short-Term Investments | ||
| Other Short-Term Assets | $871.0K | $790.0K |
| YoY Change | 10.25% | 1.28% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $67.00K | $80.00K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $54.78M | $32.54M |
| YoY Change | 68.34% | 3.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.414M | $1.850M |
| YoY Change | 30.49% | 585.19% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $1.625M | $200.0K |
| YoY Change | 712.5% | 0.0% |
| Total Long-Term Assets | $4.039M | $5.630M |
| YoY Change | -28.26% | 20.27% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $54.78M | $32.54M |
| Total Long-Term Assets | $4.039M | $5.630M |
| Total Assets | $58.82M | $38.17M |
| YoY Change | 54.09% | 5.74% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $839.0K | $930.0K |
| YoY Change | -9.78% | 55.0% |
| Accrued Expenses | $2.664M | $3.160M |
| YoY Change | -15.7% | 25.7% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.442M | $8.250M |
| YoY Change | -46.16% | -52.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $6.926M | $6.780M |
| YoY Change | 2.15% | -13.96% |
| Total Long-Term Liabilities | $6.926M | $6.780M |
| YoY Change | 2.15% | -13.96% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.442M | $8.250M |
| Total Long-Term Liabilities | $6.926M | $6.780M |
| Total Liabilities | $11.37M | $15.03M |
| YoY Change | -24.36% | -40.07% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$254.6M | |
| YoY Change | ||
| Common Stock | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $47.45M | $23.14M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $58.82M | $38.17M |
| YoY Change | 54.09% | 5.74% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$4.031M | -$2.900M |
| YoY Change | 39.0% | -28.22% |
| Depreciation, Depletion And Amortization | $35.00K | $60.00K |
| YoY Change | -41.67% | 50.0% |
| Cash From Operating Activities | -$4.396M | -$2.760M |
| YoY Change | 59.28% | -37.7% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$26.00K | -$80.00K |
| YoY Change | -67.5% | 700.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$26.00K | -$80.00K |
| YoY Change | -67.5% | 700.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 6.192M | 0.000 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -4.396M | -2.760M |
| Cash From Investing Activities | -26.00K | -80.00K |
| Cash From Financing Activities | 6.192M | 0.000 |
| Net Change In Cash | 1.770M | -2.840M |
| YoY Change | -162.32% | -35.89% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.396M | -$2.760M |
| Capital Expenditures | -$26.00K | -$80.00K |
| Free Cash Flow | -$4.370M | -$2.680M |
| YoY Change | 63.06% | -39.37% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | PULM |
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Deemed Dividend Beneficial Conversion Feature Of Preferred Stock
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|
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| CY2020 | PULM |
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|
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Preferred Stock Issuance Costs Associated With Placement Agent Warrants
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Beneficial Conversion Feature Of Preferred Stock
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Effective Income Tax Rate Reconciliation Writedown Of Godwill Percent
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