2021 Q1 Form 10-Q Financial Statement

#000145368721000069 Filed on May 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $11.05M $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.200M $4.100M
YoY Change 26.83% -9.09%
% of Gross Profit
Research & Development $13.00M $14.72M
YoY Change -11.68% 100.24%
% of Gross Profit
Depreciation & Amortization $100.0K $200.0K
YoY Change -50.0% 10.5%
% of Gross Profit
Operating Expenses $18.21M $18.82M
YoY Change -3.26% 58.62%
Operating Profit -$7.158M -$18.82M
YoY Change -61.97% 58.76%
Interest Expense $711.0K $273.0K
YoY Change 160.44% -31.06%
% of Operating Profit
Other Income/Expense, Net $0.00 -$1.000K
YoY Change -100.0% -98.55%
Pretax Income -$24.60M -$19.62M
YoY Change 25.38% 62.55%
Income Tax
% Of Pretax Income
Net Earnings -$24.60M -$19.62M
YoY Change 25.37% 62.5%
Net Earnings / Revenue -222.6%
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share -$0.22 -$207.1K
COMMON SHARES
Basic Shares Outstanding 110.7M shares 86.42M shares
Diluted Shares Outstanding 110.7M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.8M $72.60M
YoY Change 103.6% 50.0%
Cash & Equivalents $125.4M $72.61M
Short-Term Investments $22.41M
Other Short-Term Assets $7.000M $1.900M
YoY Change 268.42% 2400.0%
Inventory
Prepaid Expenses
Receivables $8.342M $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $163.1M $74.44M
YoY Change 119.14% 25.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.301M $1.134M
YoY Change 14.73% -36.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.600M $1.400M
YoY Change 14.29%
Total Long-Term Assets $13.62M $14.36M
YoY Change -5.15% 386.12%
TOTAL ASSETS
Total Short-Term Assets $163.1M $74.44M
Total Long-Term Assets $13.62M $14.36M
Total Assets $176.7M $88.80M
YoY Change 99.04% 42.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $594.0K $1.330M
YoY Change -55.34% 91.92%
Accrued Expenses $6.847M $8.775M
YoY Change -21.97% 3.24%
Deferred Revenue $75.76M $1.674M
YoY Change 4425.93% 74.56%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K $16.90M
YoY Change -97.04% -21.4%
Total Short-Term Liabilities $84.61M $30.07M
YoY Change 181.35% -9.0%
LONG-TERM LIABILITIES
Long-Term Debt $24.60M $0.00
YoY Change
Other Long-Term Liabilities $87.20M $67.50M
YoY Change 29.19% 8326.97%
Total Long-Term Liabilities $111.8M $67.50M
YoY Change 65.63% 8326.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.61M $30.07M
Total Long-Term Liabilities $111.8M $67.50M
Total Liabilities $196.3M $97.56M
YoY Change 101.22% 104.69%
SHAREHOLDERS EQUITY
Retained Earnings -$429.2M -$355.4M
YoY Change 20.77% 5.84%
Common Stock $11.00K $9.000K
YoY Change 22.22% 80.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$19.57M -$8.763M
YoY Change
Total Liabilities & Shareholders Equity $176.7M $88.80M
YoY Change 99.04% 42.12%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$24.60M -$19.62M
YoY Change 25.37% 62.5%
Depreciation, Depletion And Amortization $100.0K $200.0K
YoY Change -50.0% 10.5%
Cash From Operating Activities -$12.13M -$11.70M
YoY Change 3.72% -42.2%
INVESTING ACTIVITIES
Capital Expenditures $25.00K $135.0K
YoY Change -81.48%
Acquisitions
YoY Change
Other Investing Activities -$22.42M $0.00
YoY Change -100.0%
Cash From Investing Activities -$22.45M -$135.0K
YoY Change 16525.93% -99.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.99M $1.141M
YoY Change 1739.7% -96.31%
Debt Paid & Issued, Net $0.00 $2.100M
YoY Change -100.0%
Cash From Financing Activities $21.31M -$5.370M
YoY Change -496.78% -117.26%
NET CHANGE
Cash From Operating Activities -$12.13M -$11.70M
Cash From Investing Activities -$22.45M -$135.0K
Cash From Financing Activities $21.31M -$5.370M
Net Change In Cash -$13.28M -$17.29M
YoY Change -23.19% 230.54%
FREE CASH FLOW
Cash From Operating Activities -$12.13M -$11.70M
Capital Expenditures $25.00K $135.0K
Free Cash Flow -$12.16M -$11.83M
YoY Change 2.75% -41.54%

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