2021 Q1 Form 10-Q Financial Statement

#000156459021025259 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q3 2020 Q1
Revenue $0.00 $68.95K $391.5K
YoY Change -100.0% 119.87% 84.02%
Cost Of Revenue $130.3K $131.2K $131.6K
YoY Change -1.03% -4.65% 0.83%
Gross Profit -$130.3K -$62.23K $259.9K
YoY Change -150.13% -41.41% 216.13%
Gross Profit Margin -90.25% 66.38%
Selling, General & Admin $518.2K $495.2K $417.1K
YoY Change 24.24% 43.74% -11.48%
% of Gross Profit 160.51%
Research & Development $590.3K $636.0K $1.068M
YoY Change -44.73% 38.7% 49.87%
% of Gross Profit 411.0%
Depreciation & Amortization $624.00 $630.00 $650.00
YoY Change -4.0% 36.96% 0.0%
% of Gross Profit 0.25%
Operating Expenses $1.254M $1.147M $1.711M
YoY Change -26.7% 32.98% 22.98%
Operating Profit -$1.254M -$1.209M -$1.320M
YoY Change -4.96% 21.85% 11.97%
Interest Expense -$100.1K -$122.5K -$120.5K
YoY Change -16.95% -877.19% -2331.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.354M -$1.332M -$1.440M
YoY Change -5.96% 32.29% 22.75%
Income Tax
% Of Pretax Income
Net Earnings -$1.354M -$1.332M -$1.440M
YoY Change -5.96% 32.29% 22.75%
Net Earnings / Revenue -1931.12% -367.92%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$0.04 -$39.48K -$51.86K
COMMON SHARES
Basic Shares Outstanding 36.32M 33.94M
Diluted Shares Outstanding 36.32M

Balance Sheet

Concept 2021 Q1 2020 Q3 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.607M $4.491M $1.414M
YoY Change 225.76% 7.26% 290.71%
Cash & Equivalents $4.607M $4.491M $1.414M
Short-Term Investments
Other Short-Term Assets $18.18K $721.9K $770.9K
YoY Change -97.64% -56.21% 86.95%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.105M $5.213M $2.185M
YoY Change 133.63% -10.67% 182.21%
LONG-TERM ASSETS
Property, Plant & Equipment $47.34M $47.34M $47.06M
YoY Change 0.59% 810674.96% -3.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $463.0K $633.1K $693.0K
YoY Change -33.2% -54.22% -50.77%
Total Long-Term Assets $47.80M $47.97M $47.76M
YoY Change 0.1% -0.97% -5.01%
TOTAL ASSETS
Total Short-Term Assets $5.105M $5.213M $2.185M
Total Long-Term Assets $47.80M $47.97M $47.76M
Total Assets $52.91M $53.19M $49.94M
YoY Change 5.94% -2.01% -2.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $461.0K $508.4K $627.0K
YoY Change -26.48% -35.2% -4.43%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $536.0K $599.4K $724.3K
YoY Change -26.0% -32.02% -4.41%
LONG-TERM LIABILITIES
Long-Term Debt $4.182M $5.117M $5.239M
YoY Change -20.17% -1.68%
Other Long-Term Liabilities $336.1K $476.0K $216.1K
YoY Change 55.58% -45.06% -69.31%
Total Long-Term Liabilities $4.519M $5.593M $5.455M
YoY Change -17.17% -7.87% 674.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $536.0K $599.4K $724.3K
Total Long-Term Liabilities $4.519M $5.593M $5.455M
Total Liabilities $5.055M $6.193M $6.179M
YoY Change -18.2% -10.93% 322.73%
SHAREHOLDERS EQUITY
Retained Earnings -$58.59M
YoY Change
Common Stock $106.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.85M $47.00M $43.76M
YoY Change
Total Liabilities & Shareholders Equity $52.91M $53.19M $49.94M
YoY Change 5.94% -2.01% -2.17%

Cashflow Statement

Concept 2021 Q1 2020 Q3 2020 Q1
OPERATING ACTIVITIES
Net Income -$1.354M -$1.332M -$1.440M
YoY Change -5.96% 32.29% 22.75%
Depreciation, Depletion And Amortization $624.00 $630.00 $650.00
YoY Change -4.0% 36.96% 0.0%
Cash From Operating Activities -$1.129M -$1.713M -$591.7K
YoY Change 90.81% 15.91% -34.19%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$1.280K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 -$1.280K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $770.5K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.238M 770.5K 0.000
YoY Change -85.19% -100.0%
NET CHANGE
Cash From Operating Activities -1.129M -1.713M -591.7K
Cash From Investing Activities 0.000 0.000 -1.280K
Cash From Financing Activities 2.238M 770.5K 0.000
Net Change In Cash 1.109M -942.6K -593.0K
YoY Change -287.05% -125.31% -1059.7%
FREE CASH FLOW
Cash From Operating Activities -$1.129M -$1.713M -$591.7K
Capital Expenditures $0.00 -$1.280K
Free Cash Flow -$1.129M -$590.4K
YoY Change 91.22% -34.33%

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