2021 Form 10-K Financial Statement
#000121390022015886 Filed on March 29, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $296.4K | $469.8K |
| YoY Change | -36.92% | -79.94% |
| % of Gross Profit | ||
| Research & Development | $129.3K | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $57.56K | $49.15K |
| YoY Change | 17.11% | 180.86% |
| % of Gross Profit | ||
| Operating Expenses | $425.7K | $469.9K |
| YoY Change | -9.4% | -79.94% |
| Operating Profit | -$425.7K | |
| YoY Change | ||
| Interest Expense | -$2.520M | -$531.9K |
| YoY Change | 373.73% | -1958.35% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$880.4K | -$400.2K |
| YoY Change | 120.01% | -74.6% |
| Pretax Income | -$3.826M | -$1.175M |
| YoY Change | 225.46% | -69.77% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.826M | -$1.175M |
| YoY Change | 225.46% | -69.77% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.01 | |
| Diluted Earnings Per Share | -$5.458K | -$5.450K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 700.9M shares | |
| Diluted Shares Outstanding | 700.9M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.384M | $114.2K |
| YoY Change | 2862.07% | -4.47% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $0.00 | |
| YoY Change | -100.0% | |
| Inventory | $0.00 | $11.06K |
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $3.384M | $125.3K |
| YoY Change | 2600.59% | -7.52% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $105.1K | $95.37K |
| YoY Change | 10.16% | -11.54% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $10.00K | $10.00K |
| YoY Change | 0.0% | 0.0% |
| Total Long-Term Assets | $115.1K | $105.4K |
| YoY Change | 9.2% | -10.57% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.384M | $125.3K |
| Total Long-Term Assets | $115.1K | $105.4K |
| Total Assets | $3.499M | $230.7K |
| YoY Change | 1416.79% | -8.94% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $15.51K | $20.24K |
| YoY Change | -23.37% | -92.16% |
| Accrued Expenses | $156.4K | $102.9K |
| YoY Change | 51.91% | 57.51% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $417.4K | $277.3K |
| YoY Change | 50.55% | -11.34% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $880.0K | $1.101M |
| YoY Change | -20.08% | -12.82% |
| 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 | $880.0K | $1.101M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $880.0K | $1.101M |
| YoY Change | -20.08% | -12.82% |
| 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 | $2.619M | -$870.5K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.499M | $230.7K |
| YoY Change | 1416.79% | -8.94% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.826M | -$1.175M |
| YoY Change | 225.46% | -69.77% |
| Depreciation, Depletion And Amortization | $57.56K | $49.15K |
| YoY Change | 17.11% | 180.86% |
| Cash From Operating Activities | -$350.0K | -$335.3K |
| YoY Change | 4.39% | 42.05% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$67.25K | -$36.71K |
| YoY Change | 83.19% | -62.1% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$67.25K | -$36.71K |
| YoY Change | 83.19% | -62.1% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 3.687M | 366.7K |
| YoY Change | 905.45% | -15.87% |
| NET CHANGE | ||
| Cash From Operating Activities | -350.0K | -335.3K |
| Cash From Investing Activities | -67.25K | -36.71K |
| Cash From Financing Activities | 3.687M | 366.7K |
| Net Change In Cash | 3.269M | -5.340K |
| YoY Change | -61323.6% | -105.19% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$350.0K | -$335.3K |
| Capital Expenditures | -$67.25K | -$36.71K |
| Free Cash Flow | -$282.8K | -$298.6K |
| YoY Change | -5.3% | 114.54% |
Facts In Submission
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