2021 Q3 Form 10-Q Financial Statement
#000149315221028586 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $3.302M | $1.150M |
| YoY Change | 187.1% | 3.6% |
| Cost Of Revenue | $3.000M | $1.240M |
| YoY Change | 141.94% | 37.78% |
| Gross Profit | $300.0K | -$90.00K |
| YoY Change | -433.33% | -140.91% |
| Gross Profit Margin | 9.09% | -7.83% |
| Selling, General & Admin | $1.134M | $470.0K |
| YoY Change | 141.27% | -69.68% |
| % of Gross Profit | 377.99% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $146.7K | $80.00K |
| YoY Change | 83.32% | 33.33% |
| % of Gross Profit | 48.89% | |
| Operating Expenses | $1.134M | $550.0K |
| YoY Change | 106.18% | -65.84% |
| Operating Profit | -$1.619M | -$640.0K |
| YoY Change | 153.04% | -53.96% |
| Interest Expense | $0.00 | -$20.00K |
| YoY Change | -100.0% | -98.13% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.189M | -$10.00K |
| YoY Change | -11992.93% | -109.09% |
| Pretax Income | -$430.2K | -$660.0K |
| YoY Change | -34.82% | -71.91% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$432.6K | -$660.0K |
| YoY Change | -34.45% | -71.91% |
| Net Earnings / Revenue | -13.1% | -57.39% |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$0.02 | -$86.50K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 17.70M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $6.060M | |
| YoY Change | 206.06% | |
| Cash & Equivalents | $3.617M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $40.00K | |
| YoY Change | -20.0% | |
| Inventory | $90.00K | |
| Prepaid Expenses | ||
| Receivables | $230.0K | |
| Other Receivables | $40.00K | |
| Total Short-Term Assets | $6.450M | |
| YoY Change | 181.66% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.930M | |
| YoY Change | 38.85% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $90.00K | |
| YoY Change | 125.0% | |
| Total Long-Term Assets | $5.670M | |
| YoY Change | 20.64% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.450M | |
| Total Long-Term Assets | $5.670M | |
| Total Assets | $12.12M | |
| YoY Change | 73.39% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.990M | |
| YoY Change | -26.84% | |
| Accrued Expenses | $890.0K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $570.0K | |
| YoY Change | 235.29% | |
| Long-Term Debt Due | $100.0K | |
| YoY Change | -97.54% | |
| Total Short-Term Liabilities | $3.390M | |
| YoY Change | -56.37% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $630.0K | |
| YoY Change | -86.71% | |
| Other Long-Term Liabilities | $1.040M | |
| YoY Change | 8.33% | |
| Total Long-Term Liabilities | $1.670M | |
| YoY Change | -70.7% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.390M | |
| Total Long-Term Liabilities | $1.670M | |
| Total Liabilities | $5.070M | |
| YoY Change | -62.36% | |
| 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 | $13.17M | $7.050M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $12.12M | |
| YoY Change | 73.39% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$432.6K | -$660.0K |
| YoY Change | -34.45% | -71.91% |
| Depreciation, Depletion And Amortization | $146.7K | $80.00K |
| YoY Change | 83.32% | 33.33% |
| Cash From Operating Activities | -$1.630M | |
| YoY Change | 26.36% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$400.0K | |
| YoY Change | -27.27% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$400.0K | |
| YoY Change | -37.5% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 4.930M | |
| YoY Change | 886.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | -1.630M | |
| Cash From Investing Activities | -400.0K | |
| Cash From Financing Activities | 4.930M | |
| Net Change In Cash | 2.900M | |
| YoY Change | -302.8% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.630M | |
| Capital Expenditures | -$400.0K | |
| Free Cash Flow | -$1.230M | |
| YoY Change | 66.22% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
|
USD | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q3 | us-gaap |
Pre Opening Costs
PreOpeningCosts
|
USD | |
| CY2021Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | |
| us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | ||
| CY2021Q3 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
USD | |
| CY2020Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | ||
| CY2021Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | |
| CY2020Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | ||
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2020Q3 | GRIL |
Stock Issued During Period Value Common Stock Cancelled By Consultant Issued For Prior Services
StockIssuedDuringPeriodValueCommonStockCancelledByConsultantIssuedForPriorServices
|
USD | |
| CY2020Q3 | GRIL |
Stock Issued During Period Value Common Stock Issued As Compensation For Services As Part Of Settlement
StockIssuedDuringPeriodValueCommonStockIssuedAsCompensationForServicesAsPartOfSettlement
|
USD | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | ||
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | ||
| us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
USD | ||
| us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Financial Services Obligations
ProceedsFromIssuanceOfFinancialServicesObligations
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
USD | ||
| us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | ||
| GRIL |
Payments For Cancellation Of Shares
PaymentsForCancellationOfShares
|
USD | ||
| GRIL |
Repayments Of Other Notes Payable Related Party
RepaymentsOfOtherNotesPayableRelatedParty
|
USD | ||
| GRIL |
Proceeds From Other Notes Payable Related Party
ProceedsFromOtherNotesPayableRelatedParty
|
USD | ||
| GRIL |
Proceeds From Other Notes Payable Related Party
ProceedsFromOtherNotesPayableRelatedParty
|
USD | ||
| us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | ||
| GRIL |
Commonstockissuedinexchangeforaccruedinterest
Commonstockissuedinexchangeforaccruedinterest
|
USD | ||
| GRIL |
Warrant Expense For Reclassed To Accrued Compensation For Future Options
WarrantExpenseForReclassedToAccruedCompensationForFutureOptions
|
USD | ||
| CY2021Q3 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
USD | |
| CY2020Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
USD | |
| CY2020Q4 | GRIL |
Vehicles
Vehicles
|
USD | |
| CY2021Q3 | GRIL |
Unearned Vendor Rebates
UnearnedVendorRebates
|
USD | |
| CY2021Q3 | GRIL |
Unearned Vendors Rebates Current
UnearnedVendorsRebatesCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
228323 | USD |
| CY2020Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
231177 | USD |
