2022 Q1 Form 10-Q Financial Statement
#000149315222012934 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $2.920M | $1.328M |
| YoY Change | 119.86% | -7.75% |
| Cost Of Revenue | $3.093M | $1.868M |
| YoY Change | 65.6% | 22.07% |
| Gross Profit | -$172.4K | -$539.3K |
| YoY Change | -68.03% | 499.22% |
| Gross Profit Margin | -5.9% | -40.6% |
| Selling, General & Admin | $1.345M | $2.992M |
| YoY Change | -55.04% | -41.91% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $475.7K | $169.1K |
| YoY Change | 181.28% | 53.75% |
| % of Gross Profit | ||
| Operating Expenses | $1.821M | $3.161M |
| YoY Change | -42.4% | -39.91% |
| Operating Profit | -$1.993M | -$3.700M |
| YoY Change | -46.13% | -30.84% |
| Interest Expense | -$14.74K | -$14.17K |
| YoY Change | 4.02% | -89.1% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$19.42K | $2.630K |
| YoY Change | -838.4% | |
| Pretax Income | -$1.886M | -$3.712M |
| YoY Change | -49.19% | -32.39% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$1.886M | -$3.712M |
| YoY Change | -49.19% | -32.39% |
| Net Earnings / Revenue | -64.58% | -279.42% |
| Basic Earnings Per Share | -$0.07 | |
| Diluted Earnings Per Share | -$67.84K | -$314.1K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 27.80M shares | |
| Diluted Shares Outstanding | 27.80M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $14.77M | $2.010M |
| YoY Change | 635.01% | -45.83% |
| Cash & Equivalents | $14.77M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $363.1K | $34.93K |
| YoY Change | 939.62% | -50.1% |
| Inventory | $260.1K | $122.0K |
| Prepaid Expenses | ||
| Receivables | $355.8K | $144.2K |
| Other Receivables | $728.1K | $5.150K |
| Total Short-Term Assets | $16.48M | $2.316M |
| YoY Change | 611.51% | -42.24% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.603M | $2.357M |
| YoY Change | 95.3% | 46.39% |
| Goodwill | $2.626M | |
| YoY Change | ||
| Intangibles | $6.035M | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $151.1K | $131.9K |
| YoY Change | 14.52% | 64.9% |
| Total Long-Term Assets | $13.42M | $7.021M |
| YoY Change | 91.08% | 28.59% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $16.48M | $2.316M |
| Total Long-Term Assets | $13.42M | $7.021M |
| Total Assets | $29.89M | $9.337M |
| YoY Change | 220.17% | -1.41% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $999.9K | $675.9K |
| YoY Change | 47.95% | -68.27% |
| Accrued Expenses | $1.286M | $1.302M |
| YoY Change | -1.28% | 19.47% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $82.46K | $82.46K |
| YoY Change | 0.0% | -41.1% |
| Long-Term Debt Due | $233.2K | $1.061M |
| YoY Change | -78.02% | 961.16% |
| Total Short-Term Liabilities | $3.038M | $3.920M |
| YoY Change | -22.5% | 24.83% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $864.6K | $297.0K |
| YoY Change | 191.07% | 35.02% |
| Other Long-Term Liabilities | $3.427M | $1.041M |
| YoY Change | 229.24% | -15.38% |
| Total Long-Term Liabilities | $4.291M | $1.338M |
| YoY Change | 220.76% | -7.73% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.038M | $3.920M |
| Total Long-Term Liabilities | $4.291M | $1.338M |
| Total Liabilities | $7.329M | $5.258M |
| YoY Change | 39.41% | 14.54% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $15.01K | |
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $22.56M | $4.079M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $29.89M | $9.337M |
| YoY Change | 220.17% | -1.41% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.886M | -$3.712M |
| YoY Change | -49.19% | -32.39% |
| Depreciation, Depletion And Amortization | $475.7K | $169.1K |
| YoY Change | 181.28% | 53.75% |
| Cash From Operating Activities | -$930.1K | -$1.600M |
| YoY Change | -41.88% | -37.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$34.81K | -$67.75K |
| YoY Change | -48.62% | 12.92% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $400.00 | -$499.8K |
| YoY Change | -100.08% | -5098.0% |
| Cash From Investing Activities | -$34.41K | -$567.6K |
| YoY Change | -93.94% | 1035.1% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -30.98K | -18.49K |
| YoY Change | 67.55% | -100.32% |
| NET CHANGE | ||
| Cash From Operating Activities | -930.1K | -1.600M |
| Cash From Investing Activities | -34.41K | -567.6K |
| Cash From Financing Activities | -30.98K | -18.49K |
| Net Change In Cash | -995.5K | -2.186M |
| YoY Change | -54.47% | -167.69% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$930.1K | -$1.600M |
| Capital Expenditures | -$34.81K | -$67.75K |
| Free Cash Flow | -$895.3K | -$1.532M |
| YoY Change | -41.58% | -38.21% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
| CY2022Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
USD | |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2022Q1 | us-gaap |
Pre Opening Costs
PreOpeningCosts
|
USD | |
| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2022Q1 | GRIL |
Cashless Exercise Of Prefunding Warrants
CashlessExerciseOfPrefundingWarrants
|
USD | |
| CY2021Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | |
| CY2021Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
USD | |
| CY2022Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
USD | |
| CY2021Q1 | GRIL |
Cashless Exercise Of Prefunded Warrants
CashlessExerciseOfPrefundedWarrants
|
USD | |
| CY2022Q1 | us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
USD | |
| CY2022Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | |
| CY2022Q1 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
USD | |
| CY2022Q1 | GRIL |
Accrued Compensation Expense Current
AccruedCompensationExpenseCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
106500 | USD |
| CY2021Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
125550 | USD |
