2023 Q2 Form 10-Q Financial Statement
#000168316823003121 Filed on May 10, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $5.561M | $4.894M | $122.7K |
YoY Change | 3599.67% | 3890.26% | 206.17% |
Cost Of Revenue | $3.608M | $3.066M | $59.85K |
YoY Change | 4731.24% | 5022.69% | 223.16% |
Gross Profit | $1.953M | $1.828M | $62.80K |
YoY Change | 2482.18% | 2811.02% | 191.55% |
Gross Profit Margin | 35.12% | 37.35% | 51.2% |
Selling, General & Admin | $3.076M | $3.785M | $921.4K |
YoY Change | 325.28% | 310.79% | -18.26% |
% of Gross Profit | 157.5% | 207.04% | 1467.2% |
Research & Development | $368.6K | $432.9K | $361.7K |
YoY Change | 702.22% | 19.71% | 116.83% |
% of Gross Profit | 18.87% | 23.68% | 575.88% |
Depreciation & Amortization | $34.88K | $34.71K | $3.110K |
YoY Change | 1425.01% | 1016.08% | -2.2% |
% of Gross Profit | 1.79% | 1.9% | 4.95% |
Operating Expenses | $3.444M | $4.218M | $1.286M |
YoY Change | 7396.49% | 227.95% | -0.85% |
Operating Profit | -$989.6K | -$1.829M | -$1.223M |
YoY Change | 42.23% | 49.5% | -4.1% |
Interest Expense | $27.60K | $41.08K | -$12.87K |
YoY Change | -419.15% | -74.12% | |
% of Operating Profit | |||
Other Income/Expense, Net | $175.2K | $172.8K | -$12.87K |
YoY Change | 11.64% | -1442.82% | |
Pretax Income | -$814.4K | -$1.656M | -$1.236M |
YoY Change | 51.14% | 33.97% | -80.01% |
Income Tax | $87.68K | $46.27K | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$902.1K | -$1.702M | -$1.236M |
YoY Change | 67.41% | 37.71% | -80.01% |
Net Earnings / Revenue | -16.22% | -34.79% | -1007.93% |
Basic Earnings Per Share | -$0.02 | -$7.73 | |
Diluted Earnings Per Share | -$0.04 | -$0.08 | -$234.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 22.14M shares | 22.59M shares | |
Diluted Shares Outstanding | 25.35M shares | 22.04M shares | 5.273M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.73M | $19.29M | $13.18M |
YoY Change | -52.72% | 46.42% | 633.48% |
Cash & Equivalents | $19.73M | $19.29M | $13.18M |
Short-Term Investments | |||
Other Short-Term Assets | $107.0K | $152.3K | $46.22K |
YoY Change | 90.6% | 229.42% | 148.76% |
Inventory | $4.251M | $3.710M | $181.5K |
Prepaid Expenses | $107.0K | $152.3K | |
Receivables | $2.011M | $1.790M | $20.00 |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $26.10M | $24.95M | $13.41M |
YoY Change | -37.84% | 86.1% | 627.82% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $366.7K | $368.0K | $3.980K |
YoY Change | 22231.55% | 9147.04% | -76.07% |
Goodwill | |||
YoY Change | |||
Intangibles | $1.234M | $948.2K | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $2.311M | $2.044M | $3.970K |
YoY Change | 140662.06% | 51396.25% | -76.13% |
TOTAL ASSETS | |||
Total Short-Term Assets | $26.10M | $24.95M | $13.41M |
Total Long-Term Assets | $2.311M | $2.044M | $3.970K |
Total Assets | $28.41M | $26.99M | $13.41M |
YoY Change | -32.34% | 101.29% | 621.53% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.760M | $2.736M | $95.23K |
YoY Change | 1581.05% | 2773.21% | -35.9% |
Accrued Expenses | $122.2K | $121.3K | $0.00 |
YoY Change | -100.0% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.660M | $6.906M | $95.23K |
YoY Change | 4351.82% | 7151.6% | -88.99% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $596.9K | $613.1K | |
YoY Change | |||
Total Long-Term Liabilities | $639.9K | $656.2K | $0.00 |
YoY Change | -100.0% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.660M | $6.906M | $95.23K |
Total Long-Term Liabilities | $639.9K | $656.2K | $0.00 |
Total Liabilities | $5.300M | $7.562M | $95.23K |
YoY Change | 4963.07% | 7840.64% | -96.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$62.00M | -$61.10M | |
YoY Change | 80.09% | ||
Common Stock | $25.75K | $22.14K | |
YoY Change | 36.32% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $23.11M | $19.43M | $13.31M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $28.41M | $26.99M | $13.41M |
YoY Change | -32.34% | 101.29% | 621.53% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$902.1K | -$1.702M | -$1.236M |
YoY Change | 67.41% | 37.71% | -80.01% |
Depreciation, Depletion And Amortization | $34.88K | $34.71K | $3.110K |
YoY Change | 1425.01% | 1016.08% | -2.2% |
Cash From Operating Activities | -$3.778M | -$1.850M | -$1.304M |
YoY Change | 558.42% | 41.86% | 338.6% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $294.2K | $178.4K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $34.76K | $32.09K | |
YoY Change | |||
Cash From Investing Activities | -$259.5K | -$146.3K | $0.00 |
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 | 4.058M | -$538.3K | 12.44M |
YoY Change | -86.07% | -104.33% | 1028.65% |
NET CHANGE | |||
Cash From Operating Activities | -3.778M | -$1.850M | -1.304M |
Cash From Investing Activities | -259.5K | -$146.3K | $0.00 |
Cash From Financing Activities | 4.058M | -$538.3K | 12.44M |
Net Change In Cash | 20.45K | -$2.535M | 11.13M |
YoY Change | -99.93% | -122.77% | 1283.66% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.778M | -$1.850M | -$1.304M |
Capital Expenditures | $294.2K | $178.4K | |
Free Cash Flow | -$4.072M | -$2.029M | |
YoY Change |
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ComprehensiveIncomeNetOfTax
|
-1235227 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
22036272 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5272856 | shares |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1702430 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1236234 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
34710 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3110 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
|
-0 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
|
-9 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-135891 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-7774 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
417318 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
73865 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-129849 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
9007 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-73661 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
52292 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
42853 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
0 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-48287 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1850106 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1304208 | usd |
CY2023Q1 | SBFM |
Reduction In Right Of Use Asset
ReductionInRightOfUseAsset
|
32934 | usd |
CY2022Q1 | SBFM |
Reduction In Right Of Use Asset
ReductionInRightOfUseAsset
|
0 | usd |
CY2023Q1 | SBFM |
Cash Given From Acquisition
CashGivenFromAcquisition
|
1135 | usd |
CY2022Q1 | SBFM |
Cash Given From Acquisition
CashGivenFromAcquisition
|
-0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
178395 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
-0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
293 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-146303 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
14436673 | usd |
CY2023Q1 | SBFM |
Purchase Of Treasury Stock
PurchaseOfTreasuryStock
|
506822 | usd |
CY2022Q1 | SBFM |
Purchase Of Treasury Stock
PurchaseOfTreasuryStock
|
99000 | usd |
CY2023Q1 | SBFM |
Payment For Lease Liability
PaymentForLeaseLiability
|
31477 | usd |
CY2022Q1 | SBFM |
Payment For Lease Liability
PaymentForLeaseLiability
|
-0 | usd |
CY2023Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
-0 | usd |
CY2022Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
1900000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-538299 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12437673 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21826437 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2045167 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2534708 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
11133465 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2489 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1007 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19294218 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13177625 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
15271 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
211662 | usd |
CY2022Q1 | SBFM |
Common Stock And Prefunded Warrants Issued In Public Offerings
CommonStockAndPrefundedWarrantsIssuedInPublicOfferings
|
13614270 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
822403 | usd |
CY2022Q1 | SBFM |
Preferred Stock Purchased From Related Party Value
PreferredStockPurchasedFromRelatedPartyValue
|
99000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1235227 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14549335 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21627570 | usd |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
506822 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1691270 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19429478 | usd |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
3000000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
30000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.10 | |
CY2021 | SBFM |
Stock Issued During Period Shares
StockIssuedDuringPeriodShares
|
859114 | shares |
CY2023Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
2000000 | usd |
CY2023Q1 | us-gaap |
Dividends
Dividends
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
728129 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
121303 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
613136 | usd |
CY2023Q1 | SBFM |
Lessee Operating Lease Remaining Lease Term1
LesseeOperatingLeaseRemainingLeaseTerm1
|
6 years 9 months | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.06 | pure |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
91654 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
115978 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
116166 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
110028 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
103636 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
196976 | usd |
CY2023Q1 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
820000 | usd |
CY2022Q1 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
270000 | usd |
CY2023Q1 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
100000 | usd |
CY2022Q1 | us-gaap |
Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
|
50000 | usd |