2021 Q4 Form 10-K Financial Statement
#000149315222007382 Filed on March 21, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | -$51.82K | $1.274M | $889.0K |
| YoY Change | -105.83% | 43.33% | 590.04% |
| % of Gross Profit | |||
| Research & Development | $642.8K | $734.0K | |
| YoY Change | 2573.02% | ||
| % of Gross Profit | |||
| Depreciation & Amortization | $2.570K | $19.16K | -$18.10K |
| YoY Change | -114.2% | 69.56% | -205.97% |
| % of Gross Profit | |||
| Operating Expenses | $590.9K | $2.008M | $916.4K |
| YoY Change | -35.52% | 119.13% | 611.4% |
| Operating Profit | -$2.008M | ||
| YoY Change | 119.13% | ||
| Interest Expense | -$100.2K | -$460.4K | -$343.2K |
| YoY Change | -70.8% | 34.15% | 4009.7% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$996.4K | ||
| YoY Change | |||
| Pretax Income | -$1.227M | -$3.005M | -$1.260M |
| YoY Change | -2.57% | 138.54% | -56.16% |
| Income Tax | $0.00 | $0.00 | |
| % Of Pretax Income | |||
| Net Earnings | -$1.227M | -$3.005M | -$1.260M |
| YoY Change | -2.57% | 138.54% | -56.16% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.08 | ||
| Diluted Earnings Per Share | -$33.01K | -$82.55K | -$171.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 36.40M shares | ||
| Diluted Shares Outstanding | 36.40M shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $341.0K | $341.0K | $84.40K |
| YoY Change | 303.98% | 303.98% | 16780.0% |
| Cash & Equivalents | $341.0K | $84.40K | |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.075K | $2.080K | |
| YoY Change | |||
| Inventory | $50.00K | $50.00K | $586.1K |
| Prepaid Expenses | |||
| Receivables | $0.00 | ||
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $393.0K | $393.0K | $670.5K |
| YoY Change | -41.38% | -41.38% | 13.9% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $28.05K | $290.8K | $1.730K |
| YoY Change | 1521.16% | 16710.4% | -44.37% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $20.71K | $20.71K | |
| YoY Change | |||
| Total Long-Term Assets | $317.2K | $317.2K | $23.63K |
| YoY Change | 1242.48% | 1242.49% | -55.86% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $393.0K | $393.0K | $670.5K |
| Total Long-Term Assets | $317.2K | $317.2K | $23.63K |
| Total Assets | $710.3K | $710.3K | $694.1K |
| YoY Change | 2.33% | 2.33% | 8.09% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $39.85K | $39.67K | $16.01K |
| YoY Change | 148.93% | 147.78% | 52.77% |
| Accrued Expenses | $47.16K | $47.16K | $59.71K |
| YoY Change | -21.02% | -21.02% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $647.2K | $647.2K | $518.7K |
| YoY Change | 24.78% | 24.78% | 428.23% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $734.2K | $734.2K | $594.9K |
| YoY Change | 23.42% | 23.42% | -80.83% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $240.6K | $240.6K | |
| YoY Change | |||
| Total Long-Term Liabilities | $240.6K | $240.6K | |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $734.2K | $734.2K | $594.9K |
| Total Long-Term Liabilities | $240.6K | $240.6K | |
| Total Liabilities | $974.8K | $974.8K | $594.9K |
| YoY Change | 63.87% | 63.87% | -80.83% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$4.266M | ||
| YoY Change | |||
| Common Stock | $4.001M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$264.6K | -$264.6K | $99.18K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $710.3K | $710.3K | $694.1K |
| YoY Change | 2.33% | 2.33% | 8.09% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.227M | -$3.005M | -$1.260M |
| YoY Change | -2.57% | 138.54% | -56.16% |
| Depreciation, Depletion And Amortization | $2.570K | $19.16K | -$18.10K |
| YoY Change | -114.2% | 69.56% | -205.97% |
| Cash From Operating Activities | -$553.0K | -$1.774M | -$764.3K |
| YoY Change | -27.65% | 113.81% | 2446.85% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$9.050K | -$29.26K | |
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | -$10.80K |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$9.050K | -$29.26K | -$10.80K |
| YoY Change | -16.2% | 170.93% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 400.0K | 2.060M | 860.0K |
| YoY Change | -53.49% | 122.7% | 2765.74% |
| NET CHANGE | |||
| Cash From Operating Activities | -553.0K | -1.774M | -764.3K |
| Cash From Investing Activities | -9.050K | -29.26K | -10.80K |
| Cash From Financing Activities | 400.0K | 2.060M | 860.0K |
| Net Change In Cash | -162.0K | 256.6K | 84.90K |
| YoY Change | -290.82% | 203.98% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$553.0K | -$1.774M | -$764.3K |
| Capital Expenditures | -$9.050K | -$29.26K | |
| Free Cash Flow | -$543.9K | -$1.745M | |
| YoY Change | 110.28% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2020Q4 | us-gaap |
Accounts Receivable Net Current
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| CY2021Q4 | us-gaap |
Notes And Loans Receivable Net Current
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|
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| CY2020Q4 | us-gaap |
Notes And Loans Receivable Net Current
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|
USD | |
| CY2020Q4 | us-gaap |
Other Assets Current
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|
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Operating Lease Right Of Use Asset
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Other Assets Noncurrent
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Interest Expense Other
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Interest Expense Debt Discount
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Income Tax Expense Benefit
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Common Stock Issued In Conjunction With Cashless Exercise Of Warrants
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|
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Payments To Acquire Property Plant And Equipment
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|
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Payments To Acquire In Process Research And Development
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|
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Repayments Of Short Term Debt
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|
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| CY2020 | SIGN |
Proceeds From Issuance Of Common Stock And Warrants Issued For Cash
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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| CY2021 | us-gaap |
Interest Paid Net
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Interest Paid Net
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Income Taxes Paid Net
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|
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Income Taxes Paid Net
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|
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| CY2020 | us-gaap |
Stock Issued1
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|
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Deferred Tax Assets Liabilities Net
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|
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Incremental Common Shares Attributable To Call Options And Warrants
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|
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Debt Instrument Unamortized Discount
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|
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Operating Lease Expense
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|
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|
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Cash Paid For Amounts Included In Measurement Of Lease Liabilities
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|
USD | |
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Deferred Tax Assets Liabilities Net
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|
USD | |
| CY2020 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
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|
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