2021 Form 10-K Financial Statement

#000101738622000084 Filed on March 30, 2022

View on sec.gov

Income Statement

Concept 2021 2020
Revenue $30.00K $20.00K
YoY Change 50.0%
Cost Of Revenue $10.00K $10.00K
YoY Change 0.0%
Gross Profit $20.00K $10.00K
YoY Change 100.0%
Gross Profit Margin 66.67% 50.0%
Selling, General & Admin $120.0K $80.00K
YoY Change 50.0% 60.0%
% of Gross Profit 600.0% 800.0%
Research & Development $10.00K $0.00
YoY Change -100.0%
% of Gross Profit 50.0% 0.0%
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit 0.0%
Operating Expenses $130.0K $70.00K
YoY Change 85.71% 16.67%
Operating Profit -$110.0K -$60.00K
YoY Change 83.33%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$110.0K -$60.00K
YoY Change 83.33% 0.0%
Income Tax
% Of Pretax Income
Net Earnings -$108.7K -$60.00K
YoY Change 81.19% 0.0%
Net Earnings / Revenue -362.38% -300.0%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$705.00 -$352.40
COMMON SHARES
Basic Shares Outstanding 156.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.0K $90.00K
YoY Change 133.33% -30.77%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $40.00K $50.00K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $250.0K $140.0K
YoY Change 78.57% 7.69%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $250.0K $140.0K
Total Long-Term Assets $0.00 $0.00
Total Assets $250.0K $140.0K
YoY Change 78.57% 7.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00
YoY Change
Accrued Expenses $0.00 $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $0.00 $0.00
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $0.00 $0.00
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $0.00 $0.00
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $250.0K $140.0K
YoY Change
Total Liabilities & Shareholders Equity $250.0K $140.0K
YoY Change 78.57% 7.69%

Cashflow Statement

Concept 2021 2020
OPERATING ACTIVITIES
Net Income -$108.7K -$60.00K
YoY Change 81.19% 0.0%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$100.0K -$110.0K
YoY Change -9.09% 83.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 220.0K 70.00K
YoY Change 214.29%
NET CHANGE
Cash From Operating Activities -100.0K -110.0K
Cash From Investing Activities
Cash From Financing Activities 220.0K 70.00K
Net Change In Cash 120.0K -40.00K
YoY Change -400.0% -33.33%
FREE CASH FLOW
Cash From Operating Activities -$100.0K -$110.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
USD
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
111636300 shares
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
USD
CY2020 scth Stock Cancelled1
StockCancelled1
USD
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
USD
CY2021 scth Cancellation Of Common Shares
CancellationOfCommonShares
USD

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