2021 Q4 Form 10-K Financial Statement
#000149315222008305 Filed on March 31, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| Revenue | |||
| YoY Change | |||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $1.516M | ||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $0.00 | $0.00 | |
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $1.516M | ||
| YoY Change | |||
| Operating Profit | -$1.516M | ||
| YoY Change | |||
| Interest Expense | -$829.0K | ||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | -$764.0K | ||
| YoY Change | |||
| Pretax Income | -$2.280M | ||
| YoY Change | |||
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$2.725M | ||
| YoY Change | |||
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.02 | ||
| Diluted Earnings Per Share | -$0.02 | ||
| COMMON SHARES | |||
| Basic Shares Outstanding | 145.6M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $4.340K | ||
| YoY Change | |||
| Cash & Equivalents | $4.337K | ||
| Short-Term Investments | $0.00 | ||
| Other Short-Term Assets | $165.0K | ||
| YoY Change | |||
| Inventory | $175.0K | $175.0K | |
| Prepaid Expenses | $5.000K | ||
| Receivables | |||
| Other Receivables | $4.00 | ||
| Total Short-Term Assets | $344.3K | $344.3K | |
| YoY Change | |||
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $0.00 | ||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| 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 | $344.3K | $344.3K | |
| Total Long-Term Assets | $0.00 | $0.00 | |
| Total Assets | $344.3K | $344.3K | |
| YoY Change | |||
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $101.8K | $101.8K | |
| YoY Change | |||
| Accrued Expenses | $410.5K | $410.5K | |
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $145.4K | ||
| YoY Change | |||
| Long-Term Debt Due | $8.200K | ||
| YoY Change | |||
| Total Short-Term Liabilities | $6.109M | $6.109M | |
| YoY Change | |||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.106M | ||
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $3.106M | $3.106M | |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.109M | $6.109M | |
| Total Long-Term Liabilities | $3.106M | $3.106M | |
| Total Liabilities | $9.215M | $9.215M | |
| YoY Change | |||
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$71.00M | ||
| YoY Change | |||
| Common Stock | $61.83M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$8.871M | -$8.871M | |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $344.3K | $344.3K | |
| YoY Change |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.725M | ||
| YoY Change | |||
| Depreciation, Depletion And Amortization | $0.00 | $0.00 | |
| YoY Change | |||
| Cash From Operating Activities | -$190.0K | ||
| YoY Change | |||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | |||
| 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 | $72.46K | ||
| YoY Change | |||
| NET CHANGE | |||
| Cash From Operating Activities | -$190.0K | ||
| Cash From Investing Activities | |||
| Cash From Financing Activities | $72.46K | ||
| Net Change In Cash | $0.00 | ||
| YoY Change | |||
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$190.0K | ||
| Capital Expenditures | |||
| Free Cash Flow | -$190.0K | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Investments
Investments
|
USD | |
| CY2020Q4 | RAKR |
Prepaid Expenses Related Parties
PrepaidExpensesRelatedParties
|
USD | |
| CY2021Q4 | us-gaap |
Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
USD | |
| CY2021Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
USD | |
| CY2021Q4 | RAKR |
Convertible Notes Payablerelated Parties
ConvertibleNotesPayablerelatedParties
|
USD | |
| CY2020Q4 | us-gaap |
Other Loans Payable Current
OtherLoansPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
|
USD | |
| CY2021Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
USD | |
| CY2021Q4 | RAKR |
Stock Payable
StockPayable
|
USD | |
| CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2020 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
USD | |
| CY2021 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
USD | |
| CY2020 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
USD | |
| CY2021 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| CY2020 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| CY2021 | RAKR |
Gain On Retirement Of Aro
GainOnRetirementOfARO
|
USD | |
| CY2020 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
USD | |
| CY2021 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | |
| CY2020 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
| CY2021 | RAKR |
Discontinued Operations Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
DiscontinuedOperationsOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
USD | |
| CY2020 | RAKR |
Discontinued Operations Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
DiscontinuedOperationsOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
USD | |
| CY2021 | us-gaap |
Depreciation
Depreciation
|
USD | |
| CY2020 | us-gaap |
Depreciation
Depreciation
|
USD | |
| CY2021 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | |
| CY2020 | us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
USD | |
| CY2020 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2021 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | |
| CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | |
| CY2020 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | |
| CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
USD | |
| CY2021 | RAKR |
Provision For Aro Obligation
ProvisionForAroObligation
|
USD | |
| CY2021 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
USD | |
| CY2020 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
USD | |
| CY2021 | RAKR |
Increase Decrease In Provision For Aro Obligation
IncreaseDecreaseInProvisionForAroObligation
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2021 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
USD | |
| CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
| CY2020 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
USD | |
| CY2020 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
USD | |
| CY2021 | RAKR |
Lease Modification
LeaseModification
|
USD | |
| CY2020 | RAKR |
Lease Modification
LeaseModification
|
USD | |
| CY2020 | RAKR |
Conversion Of Ap To Convertible Notes Payable
ConversionOfApToConvertibleNotesPayable
|
USD | |
| CY2021 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| CY2020 | us-gaap |
Gross Profit
GrossProfit
|
USD | |
| CY2021Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
USD | |
| CY2020Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
USD | |
| CY2021Q4 | us-gaap |
Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
USD | |
| CY2021Q4 | RAKR |
Operating Lease Right Of Use Assetsdiscontinued Operations
OperatingLeaseRightOfUseAssetsdiscontinuedOperations
|
USD | |
| CY2021Q4 | RAKR |
Operating Lease Right Of Use Asset Net
OperatingLeaseRightOfUseAssetNet
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
USD | |
| CY2021Q4 | RAKR |
Disposal Group Including Discontinued Operation Operating Lease Liability Current
DisposalGroupIncludingDiscontinuedOperationOperatingLeaseLiabilityCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
USD | |
| CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P3Y | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0006 | pure |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD |
