2022 Q1 Form 10-Q Financial Statement
#000149315222013855 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $12.18M | $12.15M |
| YoY Change | 0.26% | 27.63% |
| Cost Of Revenue | $9.250M | $8.290M |
| YoY Change | 11.58% | 24.66% |
| Gross Profit | $2.932M | $3.850M |
| YoY Change | -23.84% | 34.15% |
| Gross Profit Margin | 24.07% | 31.69% |
| Selling, General & Admin | $4.299M | $4.820M |
| YoY Change | -10.81% | 24.87% |
| % of Gross Profit | 146.62% | 125.19% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $25.00K | $60.00K |
| YoY Change | -58.33% | 500.0% |
| % of Gross Profit | 0.85% | 1.56% |
| Operating Expenses | $7.111M | $8.110M |
| YoY Change | -12.32% | 58.4% |
| Operating Profit | -$4.179M | -$4.260M |
| YoY Change | -1.9% | 89.33% |
| Interest Expense | -$801.0K | -$260.0K |
| YoY Change | 208.08% | -21.21% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$4.980M | -$4.510M |
| YoY Change | 10.42% | 74.81% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$4.980M | -$4.510M |
| YoY Change | 10.42% | 74.81% |
| Net Earnings / Revenue | -40.88% | -37.12% |
| Basic Earnings Per Share | -$2.56 | |
| Diluted Earnings Per Share | -$51.14K | -$52.06K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.948M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $122.0K | $160.0K |
| YoY Change | -23.75% | 433.33% |
| Cash & Equivalents | $122.0K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.561M | $2.110M |
| YoY Change | -26.02% | 131.87% |
| Inventory | $20.85M | $12.45M |
| Prepaid Expenses | ||
| Receivables | $5.161M | $5.030M |
| Other Receivables | $1.135M | $700.0K |
| Total Short-Term Assets | $28.83M | $20.44M |
| YoY Change | 41.03% | 55.08% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $940.0K | $950.0K |
| YoY Change | -1.05% | -7.77% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $70.00K | |
| YoY Change | 0.0% | |
| Total Long-Term Assets | $1.564M | $1.640M |
| YoY Change | -4.63% | -1.8% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $28.83M | $20.44M |
| Total Long-Term Assets | $1.564M | $1.640M |
| Total Assets | $30.39M | $22.08M |
| YoY Change | 37.64% | 48.69% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $16.36M | $8.130M |
| YoY Change | 101.22% | 80.67% |
| Accrued Expenses | $856.0K | $590.0K |
| YoY Change | 45.08% | -14.49% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $7.475M | $4.260M |
| YoY Change | 75.47% | -11.06% |
| Long-Term Debt Due | $730.0K | |
| YoY Change | 2333.33% | |
| Total Short-Term Liabilities | $25.43M | $14.75M |
| YoY Change | 72.37% | 47.5% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $40.00K |
| YoY Change | -100.0% | -99.17% |
| Other Long-Term Liabilities | $350.0K | $520.0K |
| YoY Change | -32.69% | -21.21% |
| Total Long-Term Liabilities | $350.0K | $560.0K |
| YoY Change | -37.5% | -89.8% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $25.43M | $14.75M |
| Total Long-Term Liabilities | $350.0K | $560.0K |
| Total Liabilities | $25.78M | $15.31M |
| YoY Change | 68.35% | -1.23% |
| 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 | $4.616M | $6.770M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $30.39M | $22.08M |
| YoY Change | 37.64% | 48.69% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2021Q1 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2022Q1 | us-gaap |
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
|
USD | |
| CY2022Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
USD | |
| CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2021Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
USD | |
| CY2022Q1 | REED |
Payments On Capital Lease Obligation
PaymentsOnCapitalLeaseObligation
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
USD |
