2021 Form 10-K Financial Statement
#000149315222007100 Filed on March 17, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $10.35M | $1.073M | $4.473M |
| YoY Change | 131.36% | -16.19% | -9.81% |
| Cost Of Revenue | $9.075M | $1.608M | $5.215M |
| YoY Change | 74.02% | 13.27% | 32.02% |
| Gross Profit | $1.275M | -$535.7K | -$741.3K |
| YoY Change | -272.0% | 282.63% | -173.39% |
| Gross Profit Margin | 12.32% | -49.93% | -16.57% |
| Selling, General & Admin | $8.315M | $1.801M | $8.694M |
| YoY Change | -4.36% | 164.82% | 98.49% |
| % of Gross Profit | 652.16% | ||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.207M | $132.6K | $422.6K |
| YoY Change | 185.53% | 47.28% | 50.91% |
| % of Gross Profit | 94.63% | ||
| Operating Expenses | $9.521M | $1.935M | $9.116M |
| YoY Change | 4.44% | 161.44% | 95.63% |
| Operating Profit | -$8.246M | -$2.470M | -$9.857M |
| YoY Change | -16.34% | 180.72% | 170.07% |
| Interest Expense | -$50.17K | -$1.020K | -$154.8K |
| YoY Change | -67.59% | -99.94% | -96.33% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$9.100K | $46.05K | $27.14K |
| YoY Change | -133.53% | -100.22% | -100.13% |
| Pretax Income | -$8.176M | -$2.443M | -$10.10M |
| YoY Change | -19.04% | -89.38% | -64.43% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$8.176M | -$2.443M | -$10.10M |
| YoY Change | -19.04% | -89.38% | -64.43% |
| Net Earnings / Revenue | -79.0% | -227.76% | -225.76% |
| Basic Earnings Per Share | -$0.50 | ||
| Diluted Earnings Per Share | -$496.5K | -$281.9K | -$1.332M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 16.47M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $15.77M | $4.196M | $4.196M |
| YoY Change | 275.76% | 774.15% | 774.15% |
| Cash & Equivalents | $4.196M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $84.58K | $40.90K | $40.90K |
| YoY Change | 106.8% | -18.2% | -18.2% |
| Inventory | $258.8K | $113.8K | $113.8K |
| Prepaid Expenses | |||
| Receivables | $155.2K | $140.3K | $140.3K |
| Other Receivables | $1.705M | $2.390K | |
| Total Short-Term Assets | $17.97M | $4.493M | $4.493M |
| YoY Change | 299.92% | 476.07% | 476.07% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.280M | $2.343M | $2.343M |
| YoY Change | -2.67% | 41.98% | 41.98% |
| Goodwill | $656.3K | ||
| YoY Change | |||
| Intangibles | $2.878M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $167.8K | $131.9K | $131.9K |
| YoY Change | 27.18% | 229.8% | 229.8% |
| Total Long-Term Assets | $11.46M | $6.010M | $6.010M |
| YoY Change | 90.71% | 9.68% | 9.68% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $17.97M | $4.493M | $4.493M |
| Total Long-Term Assets | $11.46M | $6.010M | $6.010M |
| Total Assets | $29.43M | $10.50M | $10.50M |
| YoY Change | 180.21% | 67.79% | 67.79% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $734.7K | $1.501M | $1.501M |
| YoY Change | -51.05% | -42.93% | -42.93% |
| Accrued Expenses | $1.369M | ||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $82.46K | $82.46K | $82.46K |
| YoY Change | 0.0% | -80.82% | -80.82% |
| Long-Term Debt Due | $265.1K | $801.6K | $801.6K |
| YoY Change | -66.93% | 27.23% | 27.23% |
| Total Short-Term Liabilities | $2.929M | $3.110M | $3.110M |
| YoY Change | -5.82% | -30.74% | -30.74% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.005M | $575.1K | $575.1K |
| YoY Change | 74.75% | 79.73% | 79.73% |
| Other Long-Term Liabilities | $1.105M | $1.024M | $1.024M |
| YoY Change | 7.95% | -15.41% | -15.41% |
| Total Long-Term Liabilities | $2.110M | $1.599M | $1.599M |
| YoY Change | 31.98% | 4.49% | 4.49% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.929M | $3.110M | $3.110M |
| Total Long-Term Liabilities | $2.110M | $1.599M | $1.599M |
| Total Liabilities | $5.039M | $4.708M | $4.708M |
| YoY Change | 7.01% | -21.66% | -21.66% |
| 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 | $24.39M | $5.795M | $5.795M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $29.43M | $10.50M | $10.50M |
| YoY Change | 180.21% | 67.79% | 67.79% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$8.176M | -$2.443M | -$10.10M |
| YoY Change | -19.04% | -89.38% | -64.43% |
| Depreciation, Depletion And Amortization | $1.207M | $132.6K | $422.6K |
| YoY Change | 185.53% | 47.28% | 50.91% |
| Cash From Operating Activities | -$6.393M | -$2.326M | -$7.786M |
| YoY Change | -17.89% | 93.82% | 73.02% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$262.0K | -$211.0K | -$781.0K |
| YoY Change | -66.45% | -29.65% | -32.67% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$3.314M | -$79.29K | -$69.29K |
| YoY Change | 4682.49% | -72.66% | -80.75% |
| Cash From Investing Activities | -$3.576M | -$290.3K | -$850.3K |
| YoY Change | 320.52% | -50.79% | -44.06% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 21.54M | 743.3K | 12.35M |
| YoY Change | 74.36% | 147.76% | 100.87% |
| NET CHANGE | |||
| Cash From Operating Activities | -6.393M | -2.326M | -7.786M |
| Cash From Investing Activities | -3.576M | -290.3K | -850.3K |
| Cash From Financing Activities | 21.54M | 743.3K | 12.35M |
| Net Change In Cash | 11.57M | -1.873M | 3.717M |
| YoY Change | 211.29% | 25.7% | 2759.3% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$6.393M | -$2.326M | -$7.786M |
| Capital Expenditures | -$262.0K | -$211.0K | -$781.0K |
| Free Cash Flow | -$6.131M | -$2.115M | -$7.005M |
| YoY Change | -12.48% | 134.98% | 109.73% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
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