2021 Form 10-K Financial Statement
#000149315222006393 Filed on March 09, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.263M | $830.0K |
| YoY Change | 52.17% | -46.79% |
| Cost Of Revenue | $2.522M | $2.780M |
| YoY Change | -9.29% | -24.46% |
| Gross Profit | -$1.259M | -$1.950M |
| YoY Change | -35.45% | -7.58% |
| Gross Profit Margin | -99.67% | -234.94% |
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | $580.0K | $630.0K |
| YoY Change | -7.94% | -39.42% |
| % of Gross Profit | ||
| Depreciation & Amortization | $10.14K | $70.00K |
| YoY Change | -85.51% | -65.0% |
| % of Gross Profit | ||
| Operating Expenses | $580.0K | $620.0K |
| YoY Change | -6.45% | -39.81% |
| Operating Profit | -$1.839M | -$2.570M |
| YoY Change | -28.45% | -18.15% |
| Interest Expense | -$7.540K | $30.00K |
| YoY Change | -125.13% | -104.92% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$1.846M | -$2.340M |
| YoY Change | -21.1% | -38.58% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.846M | -$2.340M |
| YoY Change | -21.1% | -38.58% |
| Net Earnings / Revenue | -146.18% | -281.93% |
| Basic Earnings Per Share | -$0.06 | |
| Diluted Earnings Per Share | -$58.34K | -$74.31K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 31.65M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.025M | $4.770M |
| YoY Change | -36.58% | -27.62% |
| Cash & Equivalents | $270.0K | $4.770M |
| Short-Term Investments | $2.755M | |
| Other Short-Term Assets | $92.93K | $60.00K |
| YoY Change | 54.88% | 0.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $831.6K | $600.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.950M | $5.430M |
| YoY Change | -27.26% | -25.72% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $562.8K | $740.0K |
| YoY Change | -23.95% | -19.57% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $33.57K | $30.00K |
| YoY Change | 11.9% | 0.0% |
| Total Long-Term Assets | $596.4K | $770.0K |
| YoY Change | -22.55% | -18.95% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.950M | $5.430M |
| Total Long-Term Assets | $596.4K | $770.0K |
| Total Assets | $4.546M | $6.200M |
| YoY Change | -26.68% | -24.94% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $66.46K | $30.00K |
| YoY Change | 121.53% | -82.35% |
| Accrued Expenses | $231.5K | $190.0K |
| YoY Change | 21.83% | -9.52% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $297.9K | $230.0K |
| YoY Change | 29.54% | -41.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $464.1K | $650.0K |
| YoY Change | -28.6% | -19.75% |
| Total Long-Term Liabilities | $464.1K | $650.0K |
| YoY Change | -28.6% | -19.75% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $297.9K | $230.0K |
| Total Long-Term Liabilities | $464.1K | $650.0K |
| Total Liabilities | $762.1K | $870.0K |
| YoY Change | -12.41% | -27.5% |
| 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 | $3.784M | $5.330M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.546M | $6.200M |
| YoY Change | -26.68% | -24.94% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.846M | -$2.340M |
| YoY Change | -21.1% | -38.58% |
| Depreciation, Depletion And Amortization | $10.14K | $70.00K |
| YoY Change | -85.51% | -65.0% |
| Cash From Operating Activities | -$1.804M | -$2.250M |
| YoY Change | -19.81% | 8.17% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.080K | -$60.00K |
| YoY Change | -98.2% | -14.29% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.784M | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$2.785M | -$50.00K |
| YoY Change | 5469.42% | -28.57% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 86.26K | 490.0K |
| YoY Change | -82.4% | -91.51% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.804M | -2.250M |
| Cash From Investing Activities | -2.785M | -50.00K |
| Cash From Financing Activities | 86.26K | 490.0K |
| Net Change In Cash | -4.503M | -1.810M |
| YoY Change | 148.77% | -150.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.804M | -$2.250M |
| Capital Expenditures | -$1.080K | -$60.00K |
| Free Cash Flow | -$1.803M | -$2.190M |
| YoY Change | -17.66% | 8.96% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | REFR |
Class Of Warrant Or Right Redemption Price
ClassOfWarrantOrRightRedemptionPrice
|
0.0001 | |
| CY2020Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
USD | |
| CY2021 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2020 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
USD | |
| CY2021 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
USD | |
| CY2020 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
|
shares | |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
shares | |
| CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
USD |
