2018 Form 10-K Financial Statement
#000149315219010468 Filed on July 10, 2019
Income Statement
| Concept | 2018 |
|---|---|
| Revenue | $8.392M |
| YoY Change | |
| Cost Of Revenue | $4.000M |
| YoY Change | |
| Gross Profit | $4.392M |
| YoY Change | |
| Gross Profit Margin | 52.33% |
| Selling, General & Admin | $9.571M |
| YoY Change | 14803.54% |
| % of Gross Profit | 217.92% |
| Research & Development | $836.6K |
| YoY Change | |
| % of Gross Profit | 19.05% |
| Depreciation & Amortization | $10.85K |
| YoY Change | 8246.15% |
| % of Gross Profit | 0.25% |
| Operating Expenses | $10.41M |
| YoY Change | 13692.33% |
| Operating Profit | -$6.016M |
| YoY Change | |
| Interest Expense | $568.0K |
| YoY Change | -210458.52% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$29.77M |
| YoY Change | |
| Pretax Income | -$35.79M |
| YoY Change | 47153.74% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$35.79M |
| YoY Change | 47153.74% |
| Net Earnings / Revenue | -426.41% |
| Basic Earnings Per Share | -$0.56 |
| Diluted Earnings Per Share | -$0.56 |
| COMMON SHARES | |
| Basic Shares Outstanding | 64.25M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $768.3K |
| YoY Change | 37014.49% |
| Cash & Equivalents | $768.3K |
| Short-Term Investments | |
| Other Short-Term Assets | $145.6K |
| YoY Change | 12788.5% |
| Inventory | $236.3K |
| Prepaid Expenses | |
| Receivables | $1.556M |
| Other Receivables | $275.0K |
| Total Short-Term Assets | $2.982M |
| YoY Change | 93078.44% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $118.5K |
| YoY Change | 2969.17% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $2.778M |
| YoY Change | |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $2.897M |
| YoY Change | 74944.3% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $2.982M |
| Total Long-Term Assets | $2.897M |
| Total Assets | $5.878M |
| YoY Change | 83163.74% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $525.1K |
| YoY Change | 8593.38% |
| Accrued Expenses | $3.620M |
| YoY Change | |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | -100.0% |
| Long-Term Debt Due | $247.6K |
| YoY Change | |
| Total Short-Term Liabilities | $34.89M |
| YoY Change | 92656.55% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $5.570K |
| YoY Change | |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $5.570K |
| YoY Change | |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $34.89M |
| Total Long-Term Liabilities | $5.570K |
| Total Liabilities | $34.89M |
| YoY Change | 92671.36% |
| 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 | -$29.01M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $5.878M |
| YoY Change | 83163.74% |
Cashflow Statement
| Concept | 2018 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$35.79M |
| YoY Change | 47153.74% |
| Depreciation, Depletion And Amortization | $10.85K |
| YoY Change | 8246.15% |
| Cash From Operating Activities | -$1.006M |
| YoY Change | 1287.58% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $125.5K |
| YoY Change | |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$269.9K |
| YoY Change | 6647.5% |
| Cash From Investing Activities | -$411.9K |
| YoY Change | 10196.3% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | $327.7K |
| YoY Change | 836.14% |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | $2.186M |
| YoY Change | 2771.54% |
| NET CHANGE | |
| Cash From Operating Activities | -$1.006M |
| Cash From Investing Activities | -$411.9K |
| Cash From Financing Activities | $2.186M |
| Net Change In Cash | $768.3K |
| YoY Change | -202275.79% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$1.006M |
| Capital Expenditures | $125.5K |
| Free Cash Flow | -$1.132M |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018 | SHRV |
Loss On Impairment Of Assets And Other Nonoperating Expenses
LossOnImpairmentOfAssetsAndOtherNonoperatingExpenses
|
USD | |
| CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
64249028 | shares |
| CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.56 | |
| CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.56 | |
| CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-35785258 | USD |
| CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-35785258 | USD |
| CY2018 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-29201597 | USD |
| CY2018 | us-gaap |
Interest Expense
InterestExpense
|
567968 | USD |
| CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6015693 | USD |
| CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
10407695 | USD |
| CY2018 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4116837 | USD |
| CY2018 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
5454218 | USD |
| CY2018 | us-gaap |
Gross Profit
GrossProfit
|
4392002 | USD |
| CY2018 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-29769565 | USD |
| CY2018 | SHRV |
Payable For Equity Investments
PayableForEquityInvestments
|
45000 | USD |
| CY2018 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
1199000 | USD |
| CY2018 | us-gaap |
Stock Issued1
StockIssued1
|
2657188 | USD |
| CY2018 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
43475 | USD |
| CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2186392 | USD |
| CY2018 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | |
| CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
327650 | USD |
| CY2018 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
800742 | USD |
| CY2018 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
201000 | USD |
| CY2018 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1259000 | USD |
| CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-411852 | USD |
| CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
125457 | USD |
| CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1006272 | USD |
| CY2018 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
3574478 | USD |
| CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
518896 | USD |
| CY2018 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
USD | |
| CY2018 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
165565 | USD |
| CY2018 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
236335 | USD |
| CY2018 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1556472 | USD |
| CY2018 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
398884 | USD |
| CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3092650 | USD |
| CY2018 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
10853 | USD |
| CY2018 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2018 | SHRV |
Common Stock Repurchased In Exchange For Promissory Note
CommonStockRepurchasedInExchangeForPromissoryNote
|
USD | |
| CY2018 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
836640 | USD |
| CY2018 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8392169 | USD |
| CY2018 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
4000167 | USD |
| CY2018 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
USD | |
| CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
768268 | USD |
| CY2017Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
USD |
