2024 Q1 Form 10-K Financial Statement
#000168316824002272 Filed on April 10, 2024
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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CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
8548 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
24256 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
32452 | usd |
CY2024Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
13265 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-13265 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-4813 | usd |
CY2024 | NONE |
Related Party Accruals
RelatedPartyAccruals
|
0 | usd |
CY2023 | NONE |
Related Party Accruals
RelatedPartyAccruals
|
0 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
13265 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
4813 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
8452 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4660 | usd |
CY2024Q1 | NONE |
Deferred Related Party Accruals
DeferredRelatedPartyAccruals
|
0 | usd |
CY2023Q1 | NONE |
Deferred Related Party Accruals
DeferredRelatedPartyAccruals
|
0 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8452 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4660 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |