2022 Q1 Form 10-Q Financial Statement
#000149315222013166 Filed on May 13, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.799M | |
| YoY Change | ||
| Cost Of Revenue | $821.0K | |
| YoY Change | ||
| Gross Profit | $978.3K | |
| YoY Change | ||
| Gross Profit Margin | 54.37% | |
| Selling, General & Admin | $3.222M | |
| YoY Change | ||
| % of Gross Profit | 329.3% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $105.2K | |
| YoY Change | ||
| % of Gross Profit | 10.75% | |
| Operating Expenses | $3.243M | |
| YoY Change | ||
| Operating Profit | -$2.264M | |
| YoY Change | ||
| Interest Expense | -$65.91K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$2.330M | |
| YoY Change | ||
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.330M | -$199.3K |
| YoY Change | 1069.1% | |
| Net Earnings / Revenue | -129.51% | |
| Basic Earnings Per Share | -$0.14 | |
| Diluted Earnings Per Share | -$140.4K | |
| COMMON SHARES | ||
| Basic Shares Outstanding | 16.60M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.42M | |
| YoY Change | ||
| Cash & Equivalents | $10.42M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.016M | |
| YoY Change | ||
| Inventory | $158.8K | |
| Prepaid Expenses | ||
| Receivables | $1.694M | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $14.29M | |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.653M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $12.49K | |
| YoY Change | ||
| Total Long-Term Assets | $1.666M | |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $14.29M | |
| Total Long-Term Assets | $1.666M | |
| Total Assets | $15.95M | |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.419M | |
| YoY Change | ||
| Accrued Expenses | $266.5K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $1.000M | |
| YoY Change | ||
| Long-Term Debt Due | $51.07K | |
| YoY Change | ||
| Total Short-Term Liabilities | $3.905M | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.317M | |
| YoY Change | ||
| Other Long-Term Liabilities | $193.8K | |
| YoY Change | ||
| Total Long-Term Liabilities | $2.510M | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.905M | |
| Total Long-Term Liabilities | $2.510M | |
| Total Liabilities | $6.415M | |
| YoY Change | ||
| 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 | $9.539M | $10.46M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $15.95M | |
| YoY Change |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.330M | -$199.3K |
| YoY Change | 1069.1% | |
| Depreciation, Depletion And Amortization | $105.2K | |
| YoY Change | ||
| Cash From Operating Activities | -$2.453M | |
| YoY Change | ||
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$541.3K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$541.3K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -297.1K | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -2.453M | |
| Cash From Investing Activities | -541.3K | |
| Cash From Financing Activities | -297.1K | |
| Net Change In Cash | -3.291M | $0.00 |
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.453M | |
| Capital Expenditures | -$541.3K | |
| Free Cash Flow | -$1.912M | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2021Q1 | SIDU |
Repayments Of Notes Payable Related Party
RepaymentsOfNotesPayableRelatedParty
|
USD | |
| CY2022Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021Q1 | SIDU |
Increase Decrease In Accounts Payable And Accrued Liabilities Related Party
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesRelatedParty
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
USD | |
| CY2021Q4 | us-gaap |
Commodity Contract Asset Current
CommodityContractAssetCurrent
|
USD | |
| CY2021Q4 | SIDU |
Contract Liabilities
ContractLiabilities
|
USD | |
| CY2022Q1 | us-gaap |
Other Expenses
OtherExpenses
|
USD | |
| CY2022Q1 | SIDU |
Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
|
USD | |
| CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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| CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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| CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
USD | |
| CY2022Q1 | SIDU |
Gain On Forgiveness Of Ppp Loan
GainOnForgivenessOfPppLoan
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
USD | |
| CY2021Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2022Q1 | SIDU |
Revenue Recognized In Excess Of Amounts Paid Or Payable Contracts Receivable To Company On Uncompleted Contracts Contract Asset Excluding Retainage
RevenueRecognizedInExcessOfAmountsPaidOrPayableContractsReceivableToCompanyOnUncompletedContractsContractAssetExcludingRetainage
|
USD | |
| CY2021Q4 | SIDU |
Revenue Recognized In Excess Of Amounts Paid Or Payable Contracts Receivable To Company On Uncompleted Contracts Contract Asset Excluding Retainage
RevenueRecognizedInExcessOfAmountsPaidOrPayableContractsReceivableToCompanyOnUncompletedContractsContractAssetExcludingRetainage
|
USD | |
| CY2021Q4 | us-gaap |
Commodity Contract Asset Current
CommodityContractAssetCurrent
|
USD | |
| CY2021Q4 | SIDU |
Contract Assets
ContractAssets
|
USD | |
| CY2022Q1 | SIDU |
Contract Receivable Current
ContractReceivableCurrent
|
USD | |
| CY2021Q4 | SIDU |
Contract Receivable Current
ContractReceivableCurrent
|
USD | |
| CY2021Q4 | SIDU |
Contract Liabilities
ContractLiabilities
|
USD | |
| CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
USD | |
| CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
USD |
