2022 Q4 Form 10-Q Financial Statement

#000168316822008436 Filed on December 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $29.28K $20.14K
YoY Change 45.38% 229.62%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $29.28K $20.14K
YoY Change 45.37% 229.62%
Operating Profit -$29.28K -$20.14K
YoY Change 45.37%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$29.28K -$20.14K
YoY Change 45.38% 229.62%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$29.28K -$20.14K
YoY Change 45.37% 229.62%
Net Earnings / Revenue
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share -$0.01 -$4.597K
COMMON SHARES
Basic Shares Outstanding 4.382M shares 4.382M shares
Diluted Shares Outstanding 4.382M shares 4.382M shares

Balance Sheet

Concept 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.890K $350.00
YoY Change 440.0% -47.76%
Cash & Equivalents $1.889K $350.00
Short-Term Investments
Other Short-Term Assets $0.00 $600.00
YoY Change -100.0% -11.76%
Inventory $671.7K
Prepaid Expenses
Receivables
Other Receivables $477.00
Total Short-Term Assets $1.889K $950.00
YoY Change 98.84% -29.63%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.889K $950.00
Total Long-Term Assets $0.00 $0.00
Total Assets $1.889K $950.00
YoY Change 98.84% -29.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.21K
YoY Change
Accrued Expenses $68.40K $34.20K
YoY Change 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $153.6K $79.83K
YoY Change 92.43% 296.38%
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 $153.6K $79.83K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $153.6K $79.83K
YoY Change 92.43% 296.38%
SHAREHOLDERS EQUITY
Retained Earnings -$172.9K
YoY Change
Common Stock $4.381K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$151.7K -$78.89K
YoY Change
Total Liabilities & Shareholders Equity $1.889K $950.00
YoY Change 98.84% -29.63%

Cashflow Statement

Concept 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$29.28K -$20.14K
YoY Change 45.37% 229.62%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities $0.00 -$8.610K
YoY Change -100.0% 44.95%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 8.840K
YoY Change -100.0% 76.8%
NET CHANGE
Cash From Operating Activities $0.00 -8.610K
Cash From Investing Activities $0.00 $0.00
Cash From Financing Activities $0.00 8.840K
Net Change In Cash $0.00 230.0
YoY Change -100.0% -124.47%
FREE CASH FLOW
Cash From Operating Activities $0.00 -$8.610K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_846_eus-gaap--UseOfEstimates_z7V0v1LEOc6f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span style="text-decoration: underline">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
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