2022 Q1 Form 10-Q Financial Statement
#000173112222000915 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| Revenue | $3.927M | $3.062M | $2.139M |
| YoY Change | 83.58% | 146.53% | 1809.75% |
| Cost Of Revenue | $3.095M | $2.723M | $1.622M |
| YoY Change | 90.85% | 111.74% | 1412.45% |
| Gross Profit | $832.0K | $339.3K | $517.4K |
| YoY Change | 60.8% | -873.86% | 10702.09% |
| Gross Profit Margin | 21.19% | 11.08% | 24.19% |
| Selling, General & Admin | $6.516M | $6.491M | $5.066M |
| YoY Change | 28.61% | -50.16% | 225.58% |
| % of Gross Profit | 783.17% | 1913.35% | 979.16% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $205.9K | -$8.280K | $76.51K |
| YoY Change | 169.1% | -109.52% | 3241.05% |
| % of Gross Profit | 24.75% | -2.44% | 14.79% |
| Operating Expenses | $6.516M | $6.491M | $5.066M |
| YoY Change | 28.61% | -50.16% | 225.58% |
| Operating Profit | -$5.684M | -$6.152M | -$4.549M |
| YoY Change | 24.95% | -52.93% | 193.23% |
| Interest Expense | -$85.88K | -$101.1K | -$92.10K |
| YoY Change | -6.75% | 83.9% | -95.15% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$85.88K | $0.00 | |
| YoY Change | -100.0% | ||
| Pretax Income | -$5.770M | -$6.173M | -$4.640M |
| YoY Change | 24.36% | -52.96% | 34.53% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$5.994M | -$6.097M | -$4.442M |
| YoY Change | 34.94% | -72.99% | 28.81% |
| Net Earnings / Revenue | -152.66% | -199.11% | -207.69% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$170.4K | -$184.4K | -$180.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $8.496M | $4.181M | $1.225M |
| YoY Change | 593.29% | 1000.36% | |
| Cash & Equivalents | $8.496M | $4.181M | $1.225M |
| Short-Term Investments | |||
| Other Short-Term Assets | $905.3K | $1.081M | $506.3K |
| YoY Change | 78.8% | 120.55% | |
| Inventory | $2.057M | $1.923M | $868.7K |
| Prepaid Expenses | $607.2K | ||
| Receivables | $1.394M | $1.114M | $803.1K |
| Other Receivables | $45.81K | $41.94K | $93.43K |
| Total Short-Term Assets | $12.90M | $8.342M | $3.497M |
| YoY Change | 268.84% | 271.74% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.493M | $569.8K | $1.803M |
| YoY Change | -17.16% | -25.21% | |
| Goodwill | $256.8K | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $250.0K | $250.0K | $250.0K |
| YoY Change | 0.0% | 0.0% | |
| Other Assets | $206.5K | $330.9K | $275.7K |
| YoY Change | -25.09% | 325.91% | |
| Total Long-Term Assets | $7.713M | $8.043M | $8.213M |
| YoY Change | -6.09% | 15.21% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $12.90M | $8.342M | $3.497M |
| Total Long-Term Assets | $7.713M | $8.043M | $8.213M |
| Total Assets | $20.61M | $16.39M | $11.71M |
| YoY Change | 76.02% | 77.6% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.517M | $1.913M | $1.091M |
| YoY Change | 39.08% | ||
| Accrued Expenses | $453.9K | $465.5K | $739.8K |
| YoY Change | -38.64% | -6.94% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $110.0K | $390.5K | $516.2K |
| YoY Change | -78.69% | 290.5% | |
| Long-Term Debt Due | $2.483M | $3.621M | $2.169M |
| YoY Change | 14.48% | 55.2% | |
| Total Short-Term Liabilities | $5.434M | $6.779M | $5.362M |
| YoY Change | 1.34% | 25.18% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $1.573M |
| YoY Change | -100.0% | -100.0% | |
| Other Long-Term Liabilities | $668.7K | $732.7K | $2.871M |
| YoY Change | -76.71% | -63.47% | |
| Total Long-Term Liabilities | $668.7K | $732.7K | $4.444M |
| YoY Change | -84.95% | -81.27% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $5.434M | $6.779M | $5.362M |
| Total Long-Term Liabilities | $668.7K | $732.7K | $4.444M |
| Total Liabilities | $6.102M | $7.512M | $9.806M |
| YoY Change | -37.77% | -19.47% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$90.64M | ||
| YoY Change | |||
| Common Stock | $33.60K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $14.51M | $8.873M | $1.904M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $20.61M | $16.39M | $11.71M |
| YoY Change | 76.02% | 77.6% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$5.994M | -$6.097M | -$4.442M |
| YoY Change | 34.94% | -72.99% | 28.81% |
| Depreciation, Depletion And Amortization | $205.9K | -$8.280K | $76.51K |
| YoY Change | 169.1% | -109.52% | 3241.05% |
| Cash From Operating Activities | -$4.451M | -$3.299M | -$3.660M |
| YoY Change | 21.62% | -80.61% | 295.75% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | $0.00 | ||
| YoY Change | -100.0% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 8.766M | -664.1K | 4.506M |
| YoY Change | 94.55% | -103.81% | 184.76% |
| NET CHANGE | |||
| Cash From Operating Activities | -4.451M | -3.299M | -3.660M |
| Cash From Investing Activities | 0.000 | ||
| Cash From Financing Activities | 8.766M | -664.1K | 4.506M |
| Net Change In Cash | $0.00 | -3.963M | $0.00 |
| YoY Change | 1244.27% | -100.0% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.451M | -$3.299M | -$3.660M |
| Capital Expenditures | $0.00 | $0.00 | |
| Free Cash Flow | -$4.451M | -$3.299M | |
| YoY Change | -80.52% |
Facts In Submission
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