2024 Q1 Form 10-K Financial Statement

#000162828024012543 Filed on March 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.786M $2.537M $9.957M
YoY Change 13.99% 14.33% 1.3%
% of Gross Profit
Research & Development $6.040M $5.707M $21.15M
YoY Change 22.64% 21.76% 14.89%
% of Gross Profit
Depreciation & Amortization $81.00K $76.00K $227.0K
YoY Change 68.75% 130.3% 86.07%
% of Gross Profit
Operating Expenses $8.826M $8.300M $31.11M
YoY Change 19.77% 19.73% 10.16%
Operating Profit -$8.826M -$31.11M
YoY Change 19.77% 10.16%
Interest Expense $81.00K $239.0K $604.0K
YoY Change -56.22% 74.45% -12.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$8.469M -$8.061M -$30.04M
YoY Change 18.63% 18.63% 6.05%
Income Tax $0.00 $1.000K
% Of Pretax Income
Net Earnings -$8.469M -$8.061M -$30.04M
YoY Change 18.63% 18.63% 6.05%
Net Earnings / Revenue
Basic Earnings Per Share -$0.29 $1.58
Diluted Earnings Per Share -$0.29 -$0.40 $1.58
COMMON SHARES
Basic Shares Outstanding 65.47M shares 20.22M shares 18.96M shares
Diluted Shares Outstanding 28.75M shares 18.96M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.55M $23.77M $23.77M
YoY Change 221.88% -39.31% -39.31%
Cash & Equivalents $29.59M $23.77M $23.77M
Short-Term Investments $67.97M $0.00 $0.00
Other Short-Term Assets $821.0K $4.412M $4.412M
YoY Change -30.31% -10.31% -10.31%
Inventory
Prepaid Expenses $3.010M $3.010M
Receivables
Other Receivables
Total Short-Term Assets $101.4M $28.18M $28.18M
YoY Change 193.52% -36.07% -36.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.086M $1.061M $2.538M
YoY Change 120.28% 97.95% -1.44%
Goodwill
YoY Change
Intangibles $30.00K $33.00K
YoY Change -48.28% -46.77%
Long-Term Investments $10.17M
YoY Change
Other Assets $74.00K $0.00
YoY Change
Total Long-Term Assets $12.69M $2.571M $2.571M
YoY Change 417.37% -2.5% -2.5%
TOTAL ASSETS
Total Short-Term Assets $101.4M $28.18M $28.18M
Total Long-Term Assets $12.69M $2.571M $2.571M
Total Assets $114.1M $30.75M $30.75M
YoY Change 208.36% -34.18% -34.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $406.0K $204.0K $204.0K
YoY Change -30.12% 16.57% 16.57%
Accrued Expenses $604.0K $691.0K $4.591M
YoY Change -9.99% -28.1% 3.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $540.0K $1.334M $1.334M
YoY Change -85.47% -70.43% -70.43%
Total Short-Term Liabilities $5.682M $8.508M $8.508M
YoY Change -35.59% -27.01% -27.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $868.0K $1.055M $1.055M
YoY Change -45.68% -40.33%
Total Long-Term Liabilities $868.0K $1.055M $1.055M
YoY Change -45.68% -40.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.682M $8.508M $8.508M
Total Long-Term Liabilities $868.0K $1.055M $1.055M
Total Liabilities $6.550M $9.563M $9.563M
YoY Change -37.14% -28.77% -28.77%
SHAREHOLDERS EQUITY
Retained Earnings -$521.7M -$513.2M
YoY Change 6.4% 6.22%
Common Stock $629.3M $534.4M
YoY Change 21.75% 3.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.6M $21.19M $21.19M
YoY Change
Total Liabilities & Shareholders Equity $114.1M $30.75M $30.75M
YoY Change 208.36% -34.18% -34.18%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$8.469M -$8.061M -$30.04M
YoY Change 18.63% 18.63% 6.05%
Depreciation, Depletion And Amortization $81.00K $76.00K $227.0K
YoY Change 68.75% 130.3% 86.07%
Cash From Operating Activities -$8.742M -$6.125M -$26.77M
YoY Change 7.74% -2.05% 4.87%
INVESTING ACTIVITIES
Capital Expenditures $229.0K $71.00K $613.0K
YoY Change 22800.0% 12.7% 69.81%
Acquisitions
YoY Change
Other Investing Activities -$78.32M $5.003M $15.10M
YoY Change -622.1% -52.49% -202.34%
Cash From Investing Activities -$78.54M $4.932M $14.49M
YoY Change -623.66% -52.88% -195.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.117M
YoY Change -75.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $93.11M -873.0K $11.82M
YoY Change -11665.84% 163.1%
NET CHANGE
Cash From Operating Activities -$8.742M -6.125M -$26.77M
Cash From Investing Activities -$78.54M 4.932M $14.49M
Cash From Financing Activities $93.11M -873.0K $11.82M
Net Change In Cash $5.819M -2.066M -$461.0K
YoY Change -4.29% -149.03% -98.72%
FREE CASH FLOW
Cash From Operating Activities -$8.742M -$6.125M -$26.77M
Capital Expenditures $229.0K $71.00K $613.0K
Free Cash Flow -$8.971M -$6.196M -$27.38M
YoY Change 10.55% -1.9% 5.77%

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CY2023 dei Auditor Firm
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