2022 Q3 Form 10-Q Financial Statement

#000149315222022539 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $57.44K $44.91K $44.69K
YoY Change 241.1% 306.53% 503.1%
Cost Of Revenue $38.83K $20.96K $47.06K
YoY Change 477.0% 425.52% 1280.06%
Gross Profit $18.61K $23.95K -$2.370K
YoY Change 84.07% 239.27% -159.25%
Gross Profit Margin 32.4% 53.32% -5.3%
Selling, General & Admin $163.0K $150.8K $119.7K
YoY Change 38.35% 47.3% -28.22%
% of Gross Profit 875.87% 629.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.13K $16.16K $18.90K
YoY Change 58.99% -16.91% 42.0%
% of Gross Profit 167.28% 67.47%
Operating Expenses $178.7K $167.0K $138.6K
YoY Change 30.07% 37.06% -23.03%
Operating Profit -$160.1K -$143.1K -$141.0K
YoY Change 25.78% 24.63% -19.93%
Interest Expense $401.00 $514.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$401.00 -$514.00 $3.190K
YoY Change -103.05% -106.13% -99.02%
Pretax Income -$160.5K -$143.6K -$137.8K
YoY Change 40.6% 34.92% -193.01%
Income Tax
% Of Pretax Income
Net Earnings -$160.5K -$143.6K -$137.8K
YoY Change 40.6% 34.92% -193.01%
Net Earnings / Revenue -279.43% -319.75% -308.32%
Basic Earnings Per Share -$0.16 -$0.14
Diluted Earnings Per Share -$160.5K -$143.6K -$137.8K
COMMON SHARES
Basic Shares Outstanding 1.000M shares 1.000M shares
Diluted Shares Outstanding 1.000M shares 1.000M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.810K $10.19K $18.56K
YoY Change -78.43% -92.33% -94.62%
Cash & Equivalents $5.807K $10.19K $18.56K
Short-Term Investments
Other Short-Term Assets $1.518K $35.25K $23.73K
YoY Change -94.06% 42.02% -6.46%
Inventory $12.99K $14.31K $11.20K
Prepaid Expenses $7.533K $12.05K
Receivables $398.00 $300.00 $271.00
Other Receivables $0.00 $12.05K
Total Short-Term Assets $48.24K $60.05K $65.80K
YoY Change -30.86% -65.24% -82.85%
LONG-TERM ASSETS
Property, Plant & Equipment $247.9K $275.5K $295.0K
YoY Change -58.43% -56.64% -53.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $488.4K $544.3K $593.2K
YoY Change -18.31% -14.55% -6.9%
TOTAL ASSETS
Total Short-Term Assets $48.24K $60.05K $65.80K
Total Long-Term Assets $488.4K $544.3K $593.2K
Total Assets $536.6K $604.4K $659.0K
YoY Change -19.62% -25.37% -35.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.20K $11.21K $11.81K
YoY Change 53.61% 41.54% 33.31%
Accrued Expenses $45.95K $35.56K $50.39K
YoY Change -53.8% -67.77% -48.88%
Deferred Revenue
YoY Change
Short-Term Debt $1.210M $1.155M $1.066M
YoY Change 35.58% 29.39% 19.22%
Long-Term Debt Due $15.48K $16.54K $16.94K
YoY Change -4.5% 3.83% 8.87%
Total Short-Term Liabilities $1.382M $1.322M $1.255M
YoY Change 31.15% 24.13% 8.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $3.760K $8.450K
YoY Change -100.0% -82.62% -67.3%
Other Long-Term Liabilities $179.0K $204.7K $231.6K
YoY Change -16.7% -12.67% -7.06%
Total Long-Term Liabilities $179.0K $208.5K $240.0K
YoY Change -22.89% -18.58% -12.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.382M $1.322M $1.255M
Total Long-Term Liabilities $179.0K $208.5K $240.0K
Total Liabilities $1.561M $1.530M $1.495M
YoY Change 21.39% 15.85% 4.68%
SHAREHOLDERS EQUITY
Retained Earnings -$1.904M -$1.743M -$1.600M
YoY Change
Common Stock $100.00 $100.00 $100.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.024M -$925.8K -$835.6K
YoY Change
Total Liabilities & Shareholders Equity $536.6K $604.4K $659.0K
YoY Change -19.62% -25.37% -35.45%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$160.5K -$143.6K -$137.8K
YoY Change 40.6% 34.92% -193.01%
Depreciation, Depletion And Amortization $31.13K $16.16K $18.90K
YoY Change 58.99% -16.91% 42.0%
Cash From Operating Activities -$126.0K -$146.9K -$104.8K
YoY Change 16.43% -17.7% -58.33%
INVESTING ACTIVITIES
Capital Expenditures -$1.190K $10.21K -$3.700K
YoY Change -18.49% -66.18% -98.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.190K -$10.21K -$3.700K
YoY Change -18.49% -67.87% -98.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 94.11K $122.1K 61.02K
YoY Change 4256.94% -3337.13% -91.52%
NET CHANGE
Cash From Operating Activities -126.0K -$146.9K -104.8K
Cash From Investing Activities -1.190K -$10.21K -3.700K
Cash From Financing Activities 94.11K $122.1K 61.02K
Net Change In Cash -33.07K -$8.367K -47.52K
YoY Change -69.24% -96.06% -118.54%
FREE CASH FLOW
Cash From Operating Activities -$126.0K -$146.9K -$104.8K
Capital Expenditures -$1.190K $10.21K -$3.700K
Free Cash Flow -$124.8K -$157.1K -$101.1K
YoY Change 16.91% -24.71% 241.46%

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CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q2 us-gaap Interest Paid Net
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CY2021Q2 us-gaap Interest Paid Net
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CY2022Q2 us-gaap Use Of Estimates
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CY2022Q2 us-gaap Cash Fdic Insured Amount
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CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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CY2022Q2 us-gaap Cost Of Revenue
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CY2022Q2 us-gaap General And Administrative Expense
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CY2022Q2 us-gaap Operating Income Loss
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CY2022Q2 us-gaap Assets
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604353 usd
CY2022Q2 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8037 usd
CY2022Q2 us-gaap Long Term Debt
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20297 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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296760 usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10209 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11047 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
3989 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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15590 usd
CY2022Q2 us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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267482 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1743128 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2022Q2 us-gaap Net Income Loss
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-143597 usd
CY2021Q2 us-gaap Net Income Loss
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CY2022Q2 SHMY Working Capital
WorkingCapital
1261672 usd
CY2022Q1 SHMY Working Capital
WorkingCapital
1188819 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
121868 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2021Q2 us-gaap Assets
Assets
809780 usd
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
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30184 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44909 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
20963 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
167029 usd
CY2022Q2 us-gaap Rental Properties
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21031 usd
CY2022Q1 us-gaap Rental Properties
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22048 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
1597 usd
CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
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12619 usd
CY2022Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
12050 usd
CY2022Q1 us-gaap Other Receivables
OtherReceivables
1675 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
35247 usd
CY2022Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
35773 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
15590 usd
CY2021Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
297108 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3672 usd
CY2022Q2 us-gaap Inventory Net
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14310 usd
CY2022Q1 us-gaap Inventory Net
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CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
436268 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
446726 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
160763 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
151703 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
275505 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
295023 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16157 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19446 usd
CY2022Q2 SHMY Lessee Operating Lease Liability Gross Repayment
LesseeOperatingLeaseLiabilityGrossRepayment
-18990 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022Q2 us-gaap Operating Lease Liability
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268086 usd
CY2022Q2 us-gaap Operating Lease Liability Current
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63376 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
204710 usd
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1000000 shares
CY2022Q2 us-gaap Accrued Liabilities Current
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35564 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
50388 usd
CY2022Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
39881 usd
CY2022Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
43513 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
75445 usd
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
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CY2022Q2 us-gaap Loans Payable To Bank Current
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16538 usd
CY2022Q1 us-gaap Loans Payable To Bank Current
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16936 usd
CY2022Q2 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
3759 usd
CY2022Q1 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
8445 usd
CY2022Q2 us-gaap Loans Payable To Bank
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20297 usd
CY2022Q1 us-gaap Loans Payable To Bank
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25381 usd
CY2022Q2 us-gaap Repayments Of Bank Debt
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3938 usd
CY2021Q2 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
3773 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
47210 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
65990 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
62983 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
52400 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
20101 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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19402 usd
CY2022Q2 us-gaap Operating Lease Payments
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19382 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
20597 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y1M20D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0540 pure
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0570 pure
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
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CY2021Q1 us-gaap Common Stock Shares Authorized
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450000000 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
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5000000 shares
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1000000 shares
CY2022Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2021Q2 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-143597 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q2 us-gaap Assets
Assets
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CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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304973 usd
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
278960 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
304973 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
278960 usd
CY2020Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
500000 usd
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1000000 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1000000 shares
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q1 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
44909 usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
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10209 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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11047 usd
CY2021Q2 us-gaap Cost Of Revenue
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3989 usd
CY2021Q2 us-gaap General And Administrative Expense
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121868 usd
CY2021Q2 us-gaap Operating Income Loss
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-114810 usd
CY2021Q2 us-gaap Assets
Assets
809780 usd
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30184 usd

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