2022 Q1 Form 10-Q Financial Statement
#000121390022029018 Filed on May 23, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $31.24K | |
| YoY Change | ||
| Cost Of Revenue | $11.57K | |
| YoY Change | ||
| Gross Profit | $19.67K | |
| YoY Change | ||
| Gross Profit Margin | 62.96% | |
| Selling, General & Admin | $5.704M | $2.768M |
| YoY Change | 106.09% | 98.58% |
| % of Gross Profit | 28998.58% | |
| Research & Development | $1.025M | $625.5K |
| YoY Change | 63.82% | 81.46% |
| % of Gross Profit | 5208.9% | |
| Depreciation & Amortization | $3.040K | $2.020K |
| YoY Change | 50.5% | 27.85% |
| % of Gross Profit | 15.46% | |
| Operating Expenses | $6.729M | $3.393M |
| YoY Change | 98.3% | 95.19% |
| Operating Profit | -$6.709M | -$3.393M |
| YoY Change | 97.72% | 95.19% |
| Interest Expense | -$201.6K | $1.380K |
| YoY Change | -14711.59% | -99.71% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$223.1K | $0.00 |
| YoY Change | -100.0% | |
| Pretax Income | -$7.134M | -$3.392M |
| YoY Change | 110.32% | 385.8% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$7.134M | -$3.392M |
| YoY Change | 110.33% | 385.8% |
| Net Earnings / Revenue | -22835.12% | |
| Basic Earnings Per Share | -$0.24 | |
| Diluted Earnings Per Share | -$244.7K | -$118.1K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 29.16M shares | |
| Diluted Shares Outstanding | 38.14M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $11.51M | $13.77M |
| YoY Change | -16.36% | 6806.06% |
| Cash & Equivalents | $11.51M | $13.77M |
| Short-Term Investments | ||
| Other Short-Term Assets | $464.4K | $291.6K |
| YoY Change | 59.25% | 1936.17% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.284M | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $13.26M | $14.06M |
| YoY Change | -5.66% | 6479.65% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $41.69K | $32.98K |
| YoY Change | 26.41% | 20.94% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $41.69K | $32.98K |
| YoY Change | 26.41% | 20.89% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $13.26M | $14.06M |
| Total Long-Term Assets | $41.69K | $32.98K |
| Total Assets | $13.30M | $14.09M |
| YoY Change | -5.59% | 5748.34% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $797.0K | $247.0K |
| YoY Change | 222.73% | 19.05% |
| Accrued Expenses | $16.80K | $134.8K |
| YoY Change | -87.54% | -36.85% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $218.4K |
| YoY Change | -100.0% | -85.9% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.037M | $600.2K |
| YoY Change | 72.78% | -75.46% |
| 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 | $1.037M | $600.2K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $1.037M | $600.2K |
| YoY Change | 72.78% | -75.46% |
| 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 | $12.27M | $13.49M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $13.30M | $14.09M |
| YoY Change | -5.59% | 5748.34% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$7.134M | -$3.392M |
| YoY Change | 110.33% | 385.8% |
| Depreciation, Depletion And Amortization | $3.040K | $2.020K |
| YoY Change | 50.5% | 27.85% |
| Cash From Operating Activities | -$4.194M | -$1.506M |
| YoY Change | 178.4% | 460.62% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$3.380K | -$4.040K |
| YoY Change | -16.34% | 23.93% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$1.241M | |
| YoY Change | ||
| Cash From Investing Activities | -$1.244M | -$4.040K |
| YoY Change | 30691.09% | 23.93% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 212.5K | 80.00K |
| YoY Change | 165.63% | -78.39% |
| NET CHANGE | ||
| Cash From Operating Activities | -4.194M | -1.506M |
| Cash From Investing Activities | -1.244M | -4.040K |
| Cash From Financing Activities | 212.5K | 80.00K |
| Net Change In Cash | -5.225M | -1.430M |
| YoY Change | 265.28% | -1556.25% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.194M | -$1.506M |
| Capital Expenditures | -$3.380K | -$4.040K |
| Free Cash Flow | -$4.190M | -$1.502M |
| YoY Change | 178.92% | 465.98% |
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