2022 Q1 Form 10-Q Financial Statement
#000149315222014780 Filed on May 23, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.145M | -$650.7K |
| YoY Change | -275.89% | -135.34% |
| Cost Of Revenue | $1.375M | $1.597M |
| YoY Change | -13.93% | -40.33% |
| Gross Profit | -$230.1K | -$2.248M |
| YoY Change | -89.76% | 169.05% |
| Gross Profit Margin | -20.11% | |
| Selling, General & Admin | $1.572M | $2.790M |
| YoY Change | -43.65% | -4.86% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $116.8K | $185.2K |
| YoY Change | -36.93% | 12.45% |
| % of Gross Profit | ||
| Operating Expenses | $1.689M | $2.976M |
| YoY Change | -43.23% | -3.94% |
| Operating Profit | -$1.919M | -$5.223M |
| YoY Change | -63.26% | 32.81% |
| Interest Expense | -$620.9K | -$912.6K |
| YoY Change | -31.96% | -68.42% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$25.91K | $2.469M |
| YoY Change | -101.05% | -2434.11% |
| Pretax Income | -$2.266M | -$3.667M |
| YoY Change | -38.21% | -47.07% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.268M | -$3.894M |
| YoY Change | -41.77% | -32.77% |
| Net Earnings / Revenue | -198.12% | |
| Basic Earnings Per Share | -$28.71 | |
| Diluted Earnings Per Share | -$471.2K | -$156.5M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.813M shares | |
| Diluted Shares Outstanding | 4.813M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $103.3K | $71.71K |
| YoY Change | 44.02% | 15.96% |
| Cash & Equivalents | $103.3K | |
| Short-Term Investments | ||
| Other Short-Term Assets | $99.66K | $257.4K |
| YoY Change | -61.28% | -48.18% |
| Inventory | $291.3K | $462.7K |
| Prepaid Expenses | ||
| Receivables | $2.098M | $0.00 |
| Other Receivables | $1.641M | $1.139M |
| Total Short-Term Assets | $4.233M | $1.931M |
| YoY Change | 119.22% | -71.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.307M | $8.582M |
| YoY Change | -38.16% | 3.33% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $9.016M | |
| YoY Change | ||
| Other Assets | $197.8K | $440.7K |
| YoY Change | -55.11% | 51.03% |
| Total Long-Term Assets | $14.78M | $9.282M |
| YoY Change | 59.23% | 1.92% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.233M | $1.931M |
| Total Long-Term Assets | $14.78M | $9.282M |
| Total Assets | $19.01M | $11.21M |
| YoY Change | 69.57% | -28.88% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $12.87M | $15.71M |
| YoY Change | -18.07% | 9.31% |
| Accrued Expenses | $16.21M | $19.59M |
| YoY Change | -17.26% | 12.43% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $249.7K |
| YoY Change | -100.0% | 118.0% |
| Long-Term Debt Due | $14.72M | $21.56M |
| YoY Change | -31.73% | -59.91% |
| Total Short-Term Liabilities | $47.04M | $62.56M |
| YoY Change | -24.82% | -30.73% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $714.9K | |
| YoY Change | ||
| Other Long-Term Liabilities | $546.9K | $845.4K |
| YoY Change | -35.32% | 668.65% |
| Total Long-Term Liabilities | $0.00 | $1.560M |
| YoY Change | -100.0% | 1318.58% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $47.04M | $62.56M |
| Total Long-Term Liabilities | $0.00 | $1.560M |
| Total Liabilities | $47.58M | $64.12M |
| YoY Change | -25.8% | -34.6% |
| 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 | -$28.57M | -$52.91M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $19.01M | $11.21M |
| YoY Change | 69.57% | -28.88% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.268M | -$3.894M |
| YoY Change | -41.77% | -32.77% |
| Depreciation, Depletion And Amortization | $116.8K | $185.2K |
| YoY Change | -36.93% | 12.45% |
| Cash From Operating Activities | -$1.152M | -$1.114M |
| YoY Change | 3.42% | -55.39% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 530.4K | 1.160M |
| YoY Change | -54.27% | -54.36% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.152M | -1.114M |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 530.4K | 1.160M |
| Net Change In Cash | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.152M | -$1.114M |
| Capital Expenditures | ||
| Free Cash Flow | -$1.152M | |
| YoY Change |
Facts In Submission
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|---|---|---|---|---|
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