$SER
Serina Therapeutics, Inc.

2021 Q4 Form 10-K Financial Statement

#000149315222008028 Filed on March 29, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020
Revenue $27.00K $144.0K $361.0K
YoY Change -82.91% -60.11% -79.11%
Cost Of Revenue $1.000K $19.00K $26.00K
YoY Change -80.0% -26.92% -89.34%
Gross Profit $26.00K $125.0K $335.0K
YoY Change -83.01% -62.69% -77.43%
Gross Profit Margin 96.3% 86.81% 92.8%
Selling, General & Admin $1.517M $6.708M $6.721M
YoY Change -3.68% -0.19% -17.42%
% of Gross Profit 5834.62% 5366.4% 2006.27%
Research & Development $343.0K $1.325M $3.582M
YoY Change -60.57% -63.01% -39.33%
% of Gross Profit 1319.23% 1060.0% 1069.25%
Depreciation & Amortization $33.00K $0.00 $1.258M
YoY Change -92.96% -100.0% 93.84%
% of Gross Profit 126.92% 0.0% 375.52%
Operating Expenses $1.893M $8.164M $10.44M
YoY Change -23.67% -21.76% -25.69%
Operating Profit -$1.867M -$8.039M -$10.10M
YoY Change -19.77% -20.41% -19.58%
Interest Expense -$295.0K -$1.097M -$404.0K
YoY Change 62.09% 171.53% -1493.1%
% of Operating Profit
Other Income/Expense, Net $3.000K $448.0K $105.0K
YoY Change -96.97% 326.67% -64.29%
Pretax Income -$2.159M -$8.582M -$10.40M
YoY Change -10.41% -17.47% -15.01%
Income Tax $0.00 -$150.0K
% Of Pretax Income
Net Earnings -$2.158M -$8.675M -$10.87M
YoY Change -11.77% -20.16% -10.61%
Net Earnings / Revenue -7992.59% -6024.31% -3009.7%
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share -$56.88K -$229.0K -$288.4K
COMMON SHARES
Basic Shares Outstanding 37.89M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $584.0K $584.0K $527.0K
YoY Change 10.82% 10.82% -77.59%
Cash & Equivalents $584.0K $584.0K $527.0K
Short-Term Investments
Other Short-Term Assets $1.625M $1.625M $1.430M
YoY Change 13.64% 13.64% 6.8%
Inventory
Prepaid Expenses
Receivables $25.00K $25.00K $326.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.234M $2.234M $2.283M
YoY Change -2.15% -2.15% -43.69%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles $870.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $50.00K $50.00K $50.00K
YoY Change 0.0% 0.0% -54.95%
Total Long-Term Assets $920.0K $920.0K $1.642M
YoY Change -43.97% -43.97% -51.53%
TOTAL ASSETS
Total Short-Term Assets $2.234M $2.234M $2.283M
Total Long-Term Assets $920.0K $920.0K $1.642M
Total Assets $3.154M $3.154M $3.925M
YoY Change -19.64% -19.64% -47.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.0K $193.0K $761.0K
YoY Change -74.64% -74.64% 81.19%
Accrued Expenses $578.0K $578.0K $895.0K
YoY Change -35.42% -35.42% -43.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $436.0K
YoY Change -100.0% -100.0%
Long-Term Debt Due $7.140M $7.140M $1.960M
YoY Change 264.29% 264.29%
Total Short-Term Liabilities $8.967M $8.967M $5.357M
YoY Change 67.39% 67.39% 62.48%
LONG-TERM LIABILITIES
Long-Term Debt $6.062M $6.062M $3.900M
YoY Change 55.44% 55.44% 155.24%
Other Long-Term Liabilities $0.00 $0.00 $64.00K
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $6.062M $6.062M $3.964M
YoY Change 52.93% 52.93% 159.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.967M $8.967M $5.357M
Total Long-Term Liabilities $6.062M $6.062M $3.964M
Total Liabilities $15.03M $14.99M $9.041M
YoY Change 66.23% 65.76% 73.07%
SHAREHOLDERS EQUITY
Retained Earnings -$105.7M
YoY Change
Common Stock $4.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$11.83M -$11.83M -$5.116M
YoY Change
Total Liabilities & Shareholders Equity $3.154M $3.154M $3.925M
YoY Change -19.64% -19.64% -47.26%

Cashflow Statement

Concept 2021 Q4 2021 2020
OPERATING ACTIVITIES
Net Income -$2.158M -$8.675M -$10.87M
YoY Change -11.77% -20.16% -10.61%
Depreciation, Depletion And Amortization $33.00K $0.00 $1.258M
YoY Change -92.96% -100.0% 93.84%
Cash From Operating Activities -$1.647M -$7.855M -$7.817M
YoY Change 1.67% 0.49% -23.06%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$20.00K
YoY Change -96.88%
Acquisitions
YoY Change
Other Investing Activities $250.0K $666.0K
YoY Change
Cash From Investing Activities $250.0K $666.0K -$20.00K
YoY Change -3430.0% -94.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.250M 7.246M 5.961M
YoY Change 26.01% 21.56% -4.85%
NET CHANGE
Cash From Operating Activities -1.647M -7.855M -7.817M
Cash From Investing Activities 250.0K 666.0K -20.00K
Cash From Financing Activities 1.250M 7.246M 5.961M
Net Change In Cash -147.0K 57.00K -1.876M
YoY Change -76.59% -103.04% -55.92%
FREE CASH FLOW
Cash From Operating Activities -$1.647M -$7.855M -$7.817M
Capital Expenditures $0.00 -$20.00K
Free Cash Flow -$1.647M -$7.855M -$7.797M
YoY Change 1.67% 0.74% -18.09%

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