2024 Q1 Form 10-K Financial Statement

#000168316824002272 Filed on April 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023
Revenue $4.200K $7.800K $6.300K
YoY Change 23.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.970K $48.05K $28.49K
YoY Change 68.66% 3802.74%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.970K $48.05K $28.49K
YoY Change 68.65% 3802.74%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$770.00 -$40.25K -$22.19K
YoY Change 81.37% 2939.73%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$770.00 -$40.25K -$22.19K
YoY Change -96.53% 81.37% 2939.73%
Net Earnings / Revenue -18.33% -515.99% -352.22%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 3.633M shares 3.617M shares 2.878M shares
Diluted Shares Outstanding 3.617M shares 2.878M shares

Balance Sheet

Concept 2024 Q1 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.452K
Short-Term Investments
Other Short-Term Assets $4.500K $24.76K
YoY Change -81.83% 49420.0%
Inventory
Prepaid Expenses $53.00
Receivables
Other Receivables
Total Short-Term Assets $4.505K $4.510K $24.76K
YoY Change -81.8% -81.79% 49420.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $24.26K
YoY Change -25.26%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $24.26K $24.25K $32.45K
YoY Change -25.26% -25.27% -20.17%
TOTAL ASSETS
Total Short-Term Assets $4.505K $4.510K $24.76K
Total Long-Term Assets $24.26K $24.25K $32.45K
Total Assets $28.76K $28.76K $57.21K
YoY Change -49.73% -49.73% 40.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $8.380K $4.280K
YoY Change 95.79% 2277.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.380K $8.380K $4.280K
YoY Change 95.79% 95.79% 2277.78%
LONG-TERM LIABILITIES
Long-Term Debt $60.64K $54.24K
YoY Change 11.8% 32.29%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $60.64K $60.64K $54.24K
YoY Change 11.8% 11.8% 32.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.380K $8.380K $4.280K
Total Long-Term Liabilities $60.64K $60.64K $54.24K
Total Liabilities $69.02K $69.02K $58.52K
YoY Change 17.94% 17.94% 42.11%
SHAREHOLDERS EQUITY
Retained Earnings -$63.17K
YoY Change 175.59%
Common Stock $364.00
YoY Change 1.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$40.26K -$40.26K -$1.320K
YoY Change
Total Liabilities & Shareholders Equity $28.76K $28.76K $57.21K
YoY Change -49.73% -49.73% 40.57%

Cashflow Statement

Concept 2024 Q1 2024 2023
OPERATING ACTIVITIES
Net Income -$770.00 -$40.25K -$22.19K
YoY Change -96.53% 81.37% 2939.73%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $5.370K -$26.32K -$11.58K
YoY Change 127.24% 2005.64%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.300K $21.36K
YoY Change -93.91% 8442.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.080K $7.700K $34.60K
YoY Change -77.75% -16.12%
NET CHANGE
Cash From Operating Activities 5.370K -$26.32K -$11.58K
Cash From Investing Activities $0.00
Cash From Financing Activities -3.080K $7.700K $34.60K
Net Change In Cash 2.290K -$18.62K $23.02K
YoY Change -180.88% 45936.0%
FREE CASH FLOW
Cash From Operating Activities $5.370K -$26.32K -$11.58K
Capital Expenditures $0.00
Free Cash Flow -$11.58K
YoY Change -71.89%

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