2019 Form 10-K Financial Statement
#000149315220005503 Filed on March 31, 2020
Income Statement
| Concept | 2019 | 2018 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.209M | $5.430M |
| YoY Change | -59.31% | 13.6% |
| % of Gross Profit | ||
| Research & Development | $6.127M | $12.26M |
| YoY Change | -50.02% | 327.18% |
| % of Gross Profit | ||
| Depreciation & Amortization | $1.460K | $10.00K |
| YoY Change | -85.4% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | $6.127M | $12.26M |
| YoY Change | -50.02% | 55.19% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $12.62K | $130.0K |
| YoY Change | -90.29% | 225.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $535.1K | $0.00 |
| YoY Change | ||
| Pretax Income | -$1.667M | -$16.87M |
| YoY Change | -90.12% | 114.63% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$1.667M | -$16.87M |
| YoY Change | -90.12% | 114.63% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$1.194M | -$80.33M |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 | 2018 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $5.953M | $14.80M |
| YoY Change | -59.78% | -34.6% |
| Cash & Equivalents | $5.953M | $7.810M |
| Short-Term Investments | $6.990M | |
| Other Short-Term Assets | $176.7K | $420.0K |
| YoY Change | -57.92% | 147.06% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $6.130M | $15.28M |
| YoY Change | -59.88% | -32.98% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $79.84K | $20.00K |
| YoY Change | 299.2% | 0.0% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $478.1K | $20.00K |
| YoY Change | 2290.4% | 100.0% |
| Total Long-Term Assets | $557.9K | $40.00K |
| YoY Change | 1294.78% | 33.33% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.130M | $15.28M |
| Total Long-Term Assets | $557.9K | $40.00K |
| Total Assets | $6.688M | $15.32M |
| YoY Change | -56.35% | -32.9% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.290M | $4.510M |
| YoY Change | -71.39% | 101.34% |
| Accrued Expenses | $382.3K | $1.410M |
| YoY Change | -72.89% | 213.33% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.672M | $5.930M |
| YoY Change | -71.8% | 118.82% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.672M | $5.930M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $1.672M | $5.930M |
| YoY Change | -71.8% | 118.82% |
| 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 | $5.015M | $9.390M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $6.688M | $15.32M |
| YoY Change | -56.35% | -32.9% |
Cashflow Statement
| Concept | 2019 | 2018 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.667M | -$16.87M |
| YoY Change | -90.12% | 114.63% |
| Depreciation, Depletion And Amortization | $1.460K | $10.00K |
| YoY Change | -85.4% | 0.0% |
| Cash From Operating Activities | -$1.164M | -$13.33M |
| YoY Change | -91.27% | 80.14% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | -$6.970M |
| YoY Change | -100.0% | 0.0% |
| Cash From Investing Activities | $0.00 | -$6.970M |
| YoY Change | -100.0% | 69600.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 5.417M | 5.480M |
| YoY Change | -1.15% | -76.16% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.164M | -13.33M |
| Cash From Investing Activities | 0.000 | -6.970M |
| Cash From Financing Activities | 5.417M | 5.480M |
| Net Change In Cash | 4.253M | -14.82M |
| YoY Change | -128.7% | -195.12% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.164M | -$13.33M |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | -$1.164M | -$13.33M |
| YoY Change | -91.27% | 80.38% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6126972 | USD |
| CY2018 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12259940 | USD |
| CY2019 | RTTR |
Settlement Of Accounts Payable
SettlementOfAccountsPayable
|
588114 | USD |
| CY2018 | RTTR |
Settlement Of Accounts Payable
SettlementOfAccountsPayable
|
893823 | USD |
