2024 Q2 Form 10-Q Financial Statement

#000118518524000515 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $559.7K $659.9K
YoY Change 5.83% 15.41%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $462.5K $507.3K
YoY Change -3.6% -6.97%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $110.2K $87.03K
YoY Change -3.78% 46.43%
% of Gross Profit
Operating Expenses $462.5K $507.3K
YoY Change -3.6% -6.97%
Operating Profit -$47.12K -$733.9K
YoY Change -95.68% -177.42%
Interest Expense $63.50K $36.24K
YoY Change 12424.26% 6501.46%
% of Operating Profit
Other Income/Expense, Net -$63.50K -$36.24K
YoY Change -212.39% -166.59%
Pretax Income -$110.6K -$770.1K
YoY Change -89.32% -176.83%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$110.6K -$770.1K
YoY Change -89.32% -176.83%
Net Earnings / Revenue -19.76% -116.7%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 71.86M shares 71.86M shares 67.68M shares
Diluted Shares Outstanding 71.86M shares 71.35M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.449M $1.899M $2.203M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $620.6K $604.5K $0.00
Receivables $394.4K $547.0K $878.4K
Other Receivables $698.0K $1.022M $1.036M
Total Short-Term Assets $7.989M $9.151M $9.670M
YoY Change -2.04% 5.41% 9.7%
LONG-TERM ASSETS
Property, Plant & Equipment $6.815K $5.287M $2.402M
YoY Change -99.75% 144.1% 17.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $589.9K $589.9K $589.9K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $5.768M $6.109M $3.246M
YoY Change 60.52% 98.95% 9.45%
TOTAL ASSETS
Total Short-Term Assets $7.989M $9.151M $9.670M
Total Long-Term Assets $5.768M $6.109M $3.246M
Total Assets $13.76M $15.26M $12.92M
YoY Change 17.1% 29.85% 9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.116M $5.482M
YoY Change -0.85%
Accrued Expenses $432.3K $215.2K $215.7K
YoY Change 106.22% 4.7% 3.55%
Deferred Revenue $9.466M $10.91M $9.762M
YoY Change 15.57% 59.51% 20.07%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.40M $18.56M $16.85M
YoY Change 14.96% 30.42% 10.44%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $1.616M $1.616M $1.616M
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $1.616M $1.616M $1.616M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.40M $18.56M $16.85M
Total Long-Term Liabilities $1.616M $1.616M $1.616M
Total Liabilities $26.00M $27.18M $24.10M
YoY Change 22.66% 34.07% 13.12%
SHAREHOLDERS EQUITY
Retained Earnings -$91.64M -$91.31M -$90.32M
YoY Change 4.02% 5.13% 3.05%
Common Stock $71.86K $71.86K $70.56K
YoY Change 6.17% 16.14% 14.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$36.91M -$36.58M -$35.63M
YoY Change
Total Liabilities & Shareholders Equity $13.76M $15.26M $12.92M
YoY Change 17.1% 29.85% 9.64%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$110.6K -$770.1K
YoY Change -89.32% -176.83%
Depreciation, Depletion And Amortization $110.2K $87.03K
YoY Change -3.78% 46.43%
Cash From Operating Activities -$579.3K
YoY Change -35.28%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.150M
YoY Change -9.63%
Cash From Investing Activities -$2.038M
YoY Change -411.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.113K
YoY Change 6.39%
Cash From Financing Activities $1.397M
YoY Change -47840.5%
NET CHANGE
Cash From Operating Activities -$579.3K
Cash From Investing Activities -$2.038M
Cash From Financing Activities $1.397M
Net Change In Cash -$1.221M
YoY Change 400.96%
FREE CASH FLOW
Cash From Operating Activities -$579.3K
Capital Expenditures
Free Cash Flow
YoY Change

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