2022 Q4 Form 10-Q Financial Statement

#000121390022071861 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $428.0K $1.094M
YoY Change
% of Gross Profit
Research & Development $676.0K $332.0K $161.0K
YoY Change 106.21%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.104M $332.0K $161.0K
YoY Change 106.21%
Operating Profit -$1.426M -$418.0K
YoY Change 241.15%
Interest Expense $1.000K -$17.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$17.00K $2.000K
YoY Change -950.0%
Pretax Income -$1.103M -$1.443M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$1.103M -$1.443M -$416.0K
YoY Change 246.88%
Net Earnings / Revenue
Basic Earnings Per Share $0.10 $0.03
Diluted Earnings Per Share -$0.07 $0.10 $0.03
COMMON SHARES
Basic Shares Outstanding 15.62M shares 15.23M shares 12.13M shares
Diluted Shares Outstanding 15.06M shares 12.13M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.0K $93.00K
YoY Change
Cash & Equivalents $288.0K $93.00K $37.00K
Short-Term Investments
Other Short-Term Assets $43.00K $26.00K
YoY Change -84.01%
Inventory
Prepaid Expenses $5.000K
Receivables
Other Receivables
Total Short-Term Assets $331.0K $119.0K
YoY Change -21.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.000K $2.000K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.000K $2.000K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $331.0K $119.0K
Total Long-Term Assets $2.000K $2.000K
Total Assets $333.0K $121.0K
YoY Change -21.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $224.0K
YoY Change
Accrued Expenses $152.0K
YoY Change -7.88%
Deferred Revenue
YoY Change
Short-Term Debt $3.000K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $227.0K $183.0K
YoY Change -22.79%
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 $227.0K $183.0K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $227.0K $183.0K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$6.025M -$4.922M
YoY Change 125.91%
Common Stock $157.0K $155.0K
YoY Change 20.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $106.0K -$62.00K
YoY Change
Total Liabilities & Shareholders Equity $333.0K $121.0K
YoY Change -21.09%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$1.103M -$1.443M -$416.0K
YoY Change 246.88%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$277.0K -$374.1K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $0.00 $2.000K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $580.00
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 472.0K 416.3K
YoY Change
NET CHANGE
Cash From Operating Activities -277.0K -374.1K
Cash From Investing Activities 0.000 580.0
Cash From Financing Activities 472.0K 416.3K
Net Change In Cash 195.0K 42.82K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$277.0K -$374.1K
Capital Expenditures $0.00 $2.000K
Free Cash Flow -$277.0K -$376.1K
YoY Change

Facts In Submission

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On October 8, 2020, the Company and its stockholders entered into a Share Exchange Agreement (the “Share Exchange”) with an Israeli pharmaceutical company (“Raphael”), according to which, among other matters, all shareholders of Raphael will sell and convey the entire holdings in Raphael to the Company such that following the Share Exchange, the shareholders of Raphael will hold 90% of the issued and outstanding common stock of the Company, and the existing shareholders of the Company will hold the remaining 10% of the issued and outstanding common stock.
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Files In Submission

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