2024 Q3 Form 10-Q Financial Statement

#000149315224032325 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $110.2K $710.2K
YoY Change -77.24% -69.97%
Cost Of Revenue $402.4K $504.5K
YoY Change -5.5% -72.9%
Gross Profit -$292.2K $205.7K
YoY Change -600.46% -59.16%
Gross Profit Margin -265.11% 28.96%
Selling, General & Admin $11.23M $8.394M
YoY Change 183.41% 325.39%
% of Gross Profit 4080.56%
Research & Development $10.32K $119.9K
YoY Change -83.13% 3072.22%
% of Gross Profit 58.29%
Depreciation & Amortization $109.0K $104.5K
YoY Change 50.52% 383.57%
% of Gross Profit 50.8%
Operating Expenses $11.35M $8.619M
YoY Change 171.32% 331.21%
Operating Profit -$11.64M -$8.413M
YoY Change 182.25% 462.75%
Interest Expense -$57.92K -$293.7K
YoY Change -92.02% -126.42%
% of Operating Profit
Other Income/Expense, Net $10.41K $138.8K
YoY Change -100.29% -87.77%
Pretax Income -$11.63M -$8.274M
YoY Change 59.81% 2200.98%
Income Tax
% Of Pretax Income
Net Earnings -$11.93M -$8.274M
YoY Change 54.16% 2200.97%
Net Earnings / Revenue -10823.84% -1164.97%
Basic Earnings Per Share -$0.21 -$0.16
Diluted Earnings Per Share -$0.21 -$0.16
COMMON SHARES
Basic Shares Outstanding 52.02M shares 51.70M shares
Diluted Shares Outstanding 55.93M shares 51.74M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.418M $3.282M
YoY Change -81.0% -56.2%
Cash & Equivalents $1.360M $3.224M
Short-Term Investments $57.72K $57.72K
Other Short-Term Assets $1.529M $55.69K
YoY Change 152.44% -91.32%
Inventory $523.6K $739.4K
Prepaid Expenses $1.029M $1.710M
Receivables $5.231K $162.3K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.476M $5.949M
YoY Change -57.43% -35.13%
LONG-TERM ASSETS
Property, Plant & Equipment $102.9K $47.22K
YoY Change 232.92% -68.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $949.0K $760.7K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.899M $4.746M
YoY Change 54.77% 148.58%
TOTAL ASSETS
Total Short-Term Assets $3.476M $5.949M
Total Long-Term Assets $4.899M $4.746M
Total Assets $8.375M $10.69M
YoY Change -26.09% -3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.266M $1.106M
YoY Change -25.05% -37.9%
Accrued Expenses $305.2K $404.9K
YoY Change 241.96% -58.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $48.18K $1.618M
YoY Change -97.65% -21.04%
Total Short-Term Liabilities $1.827M $3.371M
YoY Change -57.14% -32.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $665.0K
YoY Change
Other Long-Term Liabilities $169.5K $188.9K
YoY Change -52.76% -54.34%
Total Long-Term Liabilities $169.5K $853.9K
YoY Change -52.76% 106.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.827M $3.371M
Total Long-Term Liabilities $169.5K $853.9K
Total Liabilities $1.997M $4.225M
YoY Change -56.8% -21.92%
SHAREHOLDERS EQUITY
Retained Earnings -$101.6M -$89.63M
YoY Change 69.25% 71.49%
Common Stock $59.48K $52.02K
YoY Change 59.86% 91.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.378M $6.469M
YoY Change
Total Liabilities & Shareholders Equity $8.375M $10.69M
YoY Change -26.09% -3.47%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$11.93M -$8.274M
YoY Change 54.16% 2200.97%
Depreciation, Depletion And Amortization $109.0K $104.5K
YoY Change 50.52% 383.57%
Cash From Operating Activities -$5.440M -$5.713M
YoY Change 119.27% 810.06%
INVESTING ACTIVITIES
Capital Expenditures $62.91K $24.25K
YoY Change -72.52% -55.77%
Acquisitions
YoY Change
Other Investing Activities -$569.7K $95.73K
YoY Change -126.61% -120.38%
Cash From Investing Activities -$632.6K $71.48K
YoY Change -133.09% -113.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.209M 6.819M
YoY Change 59.49% 3533.48%
NET CHANGE
Cash From Operating Activities -5.440M -5.713M
Cash From Investing Activities -632.6K 71.48K
Cash From Financing Activities 4.209M 6.819M
Net Change In Cash -1.863M 1.177M
YoY Change -190.01% -222.06%
FREE CASH FLOW
Cash From Operating Activities -$5.440M -$5.713M
Capital Expenditures $62.91K $24.25K
Free Cash Flow -$5.503M -$5.737M
YoY Change 103.07% 740.51%

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SHOT Payment Of Loan To Affiliate
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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SHOT Reclassification Of Held To Maturity Investments To Marketable Securities
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<p id="xdx_84E_eus-gaap--UseOfEstimates_z9Iyo56a52n1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_861_zYMfYwnbCDyj">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
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us-gaap Inventory Write Down
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q2 us-gaap Earnings Per Share Basic
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-0.16
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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us-gaap Research And Development Expense
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CY2023Q4 us-gaap Operating Loss Carryforwards
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CY2023Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2024Q2 us-gaap Prepaid Expense Current
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CY2024Q2 us-gaap Prepaid Insurance
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CY2024Q2 SHOT Prepaid Raw Materials
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CY2024Q2 us-gaap Inventory Net
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CY2024Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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InventoryNet
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CY2023Q3 us-gaap Stock Issued During Period Shares Purchase Of Assets
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CY2023Q3 us-gaap Asset Acquisition Consideration Transferred
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CY2023Q3 us-gaap Cash Acquired From Acquisition
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CY2023Q3 us-gaap Other Payments To Acquire Businesses
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2023 us-gaap Amortization Of Financing Costs
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CY2023Q3 us-gaap Stock Issued During Period Value Purchase Of Assets
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CY2024Q2 us-gaap Interest Payable Current And Noncurrent
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CY2023Q4 us-gaap Interest Payable Current And Noncurrent
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CY2024Q2 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2024Q2 us-gaap Preferred Stock Shares Authorized
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2024Q2 us-gaap Preferred Stock Shares Issued
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CY2023Q4 us-gaap Preferred Stock Shares Outstanding
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CY2024Q2 us-gaap Common Stock Shares Authorized
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CY2023Q4 us-gaap Common Stock Shares Authorized
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CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2024Q2 us-gaap Common Stock Shares Issued
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CY2024Q2 us-gaap Common Stock Shares Outstanding
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Shares Outstanding
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CY2022 us-gaap Stock Issued During Period Value Other
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192000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
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CY2022Q4 SHOT Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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CY2023Q4 SHOT Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
2.06
CY2024Q2 SHOT Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number One
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumberOne
11801708 shares
CY2024Q2 SHOT Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price One
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePriceOne
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CY2024Q2 SHOT Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Number
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CY2024Q2 SHOT Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageExercisePrice
3.46
CY2023Q4 us-gaap Share Price
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202638
CY2023 SHOT Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Relative Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRelativeFairValue
39444 usd
CY2016Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
870406 usd
CY2016Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
188921 usd
CY2023Q4 SHOT Unamortization Expense Operating Lease Right Of Use Asset
UnamortizationExpenseOperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
214752 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
304907 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
19242 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
49010 usd
us-gaap Payments For Rent
PaymentsForRent
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CY2023 us-gaap Payments For Rent
PaymentsForRent
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CY2023Q4 us-gaap Shares Issued
SharesIssued
330619 shares
CY2023Q4 SHOT Liquidation Damages
LiquidationDamages
2000000 usd
CY2023Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
500000 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2105263 shares
CY2024Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
750000 usd
CY2024Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
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CY2024Q1 us-gaap Litigation Settlement Expense
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CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1656050 shares
CY2024Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
3000000 usd
CY2024Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
4000000 usd
CY2024Q2 SHOT Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value Of Consideration
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValueOfConsideration
-58028 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
760657 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
599680 usd

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shot-20240630_cal.xml Edgar Link unprocessable
shot-20240630_def.xml Edgar Link unprocessable
shot-20240630_lab.xml Edgar Link unprocessable
shot-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable