2021 Q4 Form 10-Q Financial Statement

#000143774921026975 Filed on November 17, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3 2020 Q2
Revenue $3.858M $1.780M $2.196M
YoY Change -17.52% 5.22%
Cost Of Revenue $1.126M $857.0K $1.192M
YoY Change -23.28% 11.92%
Gross Profit $2.732M $923.0K $1.004M
YoY Change -11.34% -1.76%
Gross Profit Margin 70.81% 51.85% 45.72%
Selling, General & Admin $2.186M $1.478M $1.665M
YoY Change -29.45% -28.85%
% of Gross Profit 80.01% 160.13% 165.84%
Research & Development $1.807M $1.380M $2.200M
YoY Change -56.04% -31.57%
% of Gross Profit 66.14% 149.51% 219.12%
Depreciation & Amortization $148.0K $150.0K $220.0K
YoY Change -51.61% -26.67%
% of Gross Profit 5.42% 16.25% 21.91%
Operating Expenses $3.993M $2.969M $3.899M
YoY Change -43.27% -29.81%
Operating Profit -$1.261M -$2.046M -$2.895M
YoY Change -51.2% -36.14%
Interest Expense $35.00K $36.00K $183.0K
YoY Change -42.86% 47.58%
% of Operating Profit
Other Income/Expense, Net -$7.000K $27.00K $72.00K
YoY Change -50.91% 44.0%
Pretax Income -$1.303M -$2.055M -$3.006M
YoY Change -51.08% -34.75%
Income Tax -$21.00K $10.00K -$27.00K
% Of Pretax Income
Net Earnings -$1.282M -$2.065M -$2.979M
YoY Change -51.65% -35.71%
Net Earnings / Revenue -33.23% -116.01% -135.66%
Basic Earnings Per Share -$0.11
Diluted Earnings Per Share -$110.8K -$187.8K -$348.1K
COMMON SHARES
Basic Shares Outstanding 11.80M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.58M $24.70M $26.40M
YoY Change 0.0% -6.05%
Cash & Equivalents $19.60M $24.69M $26.40M
Short-Term Investments
Other Short-Term Assets $1.157M $261.0K $187.0K
YoY Change -83.69% -47.62%
Inventory $2.182M $3.138M $3.052M
Prepaid Expenses $871.0K $906.0K $975.0K
Receivables $2.012M $1.115M $1.124M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.93M $30.11M $31.74M
YoY Change -2.78% -9.04%
LONG-TERM ASSETS
Property, Plant & Equipment $542.0K $563.0K $591.0K
YoY Change -45.5% -46.76%
Goodwill $185.0K $185.0K $185.0K
YoY Change -34.4% -34.4%
Intangibles $779.0K $897.0K $934.0K
YoY Change -14.16% -13.68%
Long-Term Investments
YoY Change
Other Assets $279.0K $279.0K $291.0K
YoY Change -8.82% -17.09%
Total Long-Term Assets $4.698M $4.763M $4.885M
YoY Change -1.51% -6.81%
TOTAL ASSETS
Total Short-Term Assets $24.93M $30.11M $31.74M
Total Long-Term Assets $4.698M $4.763M $4.885M
Total Assets $29.63M $34.87M $36.62M
YoY Change -2.61% -8.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.376M $1.000M $1.600M
YoY Change 0.0% 0.0%
Accrued Expenses $1.591M $1.368M $890.0K
YoY Change -7.19% -31.91%
Deferred Revenue $94.00K
YoY Change
Short-Term Debt $15.00M $15.00M $15.00M
YoY Change 0.0% 0.0%
Long-Term Debt Due $700.0K $500.0K
YoY Change
Total Short-Term Liabilities $18.86M $18.79M $18.80M
YoY Change 3.59% 0.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $500.0K $700.0K
YoY Change
Other Long-Term Liabilities $167.0K $1.300M $1.500M
YoY Change -7.14% -6.25%
Total Long-Term Liabilities $167.0K $1.800M $2.200M
YoY Change 28.57% 37.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.86M $18.79M $18.80M
Total Long-Term Liabilities $167.0K $1.800M $2.200M
Total Liabilities $20.02M $20.62M $21.00M
YoY Change 5.41% 3.61%
SHAREHOLDERS EQUITY
Retained Earnings -$299.4M -$291.5M
YoY Change 4.02%
Common Stock $12.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.606M $14.25M $15.62M
YoY Change
Total Liabilities & Shareholders Equity $29.63M $34.87M $36.60M
YoY Change -2.61% -8.8%

Cashflow Statement

Concept 2021 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$1.282M -$2.065M -$2.979M
YoY Change -51.65% -35.71%
Depreciation, Depletion And Amortization $148.0K $150.0K $220.0K
YoY Change -51.61% -26.67%
Cash From Operating Activities -$241.0K -$1.570M -$1.400M
YoY Change -43.53% -54.1%
INVESTING ACTIVITIES
Capital Expenditures -$133.0K -$320.0K -$150.0K
YoY Change 300.0% -63.41%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$133.0K -$320.0K -$150.0K
YoY Change 300.0% -63.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.900M
YoY Change -1.25%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 959.0K 180.0K 8.950M
YoY Change -138.3% 6.55%
NET CHANGE
Cash From Operating Activities -241.0K -1.570M -1.400M
Cash From Investing Activities -133.0K -320.0K -150.0K
Cash From Financing Activities 959.0K 180.0K 8.950M
Net Change In Cash 585.0K -1.710M 7.400M
YoY Change -48.65% 49.8%
FREE CASH FLOW
Cash From Operating Activities -$241.0K -$1.570M -$1.400M
Capital Expenditures -$133.0K -$320.0K -$150.0K
Free Cash Flow -$108.0K -$1.250M -$1.250M
YoY Change -53.7% -52.65%

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us-gaap Income Tax Expense Benefit
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8980000 USD
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6134000 USD

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