2023 Q4 Form 10-Q Financial Statement
#000147793223009238 Filed on December 19, 2023
Income Statement
Concept | 2023 Q4 | 2016 Q1 | 2015 Q4 |
---|---|---|---|
Revenue | $318.6K | ||
YoY Change | -77.08% | ||
Cost Of Revenue | $68.84K | ||
YoY Change | -95.0% | ||
Gross Profit | $249.8K | ||
YoY Change | 1802.09% | ||
Gross Profit Margin | 78.39% | ||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $208.00 | ||
YoY Change | |||
% of Gross Profit | 0.08% | ||
Operating Expenses | $59.25K | ||
YoY Change | -79.66% | ||
Operating Profit | $190.5K | ||
YoY Change | -168.5% | ||
Interest Expense | $7.886K | ||
YoY Change | -81.43% | ||
% of Operating Profit | 4.14% | ||
Other Income/Expense, Net | -$7.886K | ||
YoY Change | -81.43% | ||
Pretax Income | $182.6K | ||
YoY Change | -156.97% | ||
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | $182.6K | ||
YoY Change | -301.14% | ||
Net Earnings / Revenue | 57.32% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 79.39M shares | 20.88M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2016 Q1 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $205.9K | $15.18K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $2.000K | $2.000K | |
Receivables | $15.58K | $0.00 | |
Other Receivables | |||
Total Short-Term Assets | $233.5K | $27.18K | |
YoY Change | -96.14% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.202K | $2.618K | |
YoY Change | -24.07% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $2.202K | $2.618K | |
YoY Change | -24.07% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $233.5K | $27.18K | |
Total Long-Term Assets | $2.202K | $2.618K | |
Total Assets | $235.7K | $29.80K | |
YoY Change | -95.79% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.100M | $3.075M | |
YoY Change | 12.37% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.100M | $3.075M | |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $3.100M | $3.075M | |
YoY Change | 12.37% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.986M | -$9.169M | |
YoY Change | 12.49% | ||
Common Stock | $20.89K | $20.89K | |
YoY Change | 9.15% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$2.862M | -$3.045M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $235.7K | $29.80K | |
YoY Change | -95.79% |
Cashflow Statement
Concept | 2023 Q4 | 2016 Q1 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $182.6K | ||
YoY Change | -301.14% | ||
Depreciation, Depletion And Amortization | $208.00 | ||
YoY Change | |||
Cash From Operating Activities | $190.7K | ||
YoY Change | -472.35% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
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 | $0.00 | ||
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | $190.7K | ||
Cash From Investing Activities | |||
Cash From Financing Activities | $0.00 | ||
Net Change In Cash | $190.7K | ||
YoY Change | -1092.36% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | $190.7K | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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InterestPaid
|
0 | usd |
CY2016Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2015Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2016Q1 | sits |
Accounts Payable Satisfied Through Contributed Capital And Property And Equipment
AccountsPayableSatisfiedThroughContributedCapitalAndPropertyAndEquipment
|
0 | usd |
CY2015Q1 | sits |
Accounts Payable Satisfied Through Contributed Capital And Property And Equipment
AccountsPayableSatisfiedThroughContributedCapitalAndPropertyAndEquipment
|
0 | usd |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
1973550 | usd |
CY2016Q1 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
1973550 | usd |
CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2016Q1 | sits |
Potentially Dilutive Shares
PotentiallyDilutiveShares
|
30166314 | shares |
CY2016Q1 | sits |
Accumulated Deficit
AccumulatedDeficit
|
-8986282 | usd |
CY2014Q3 | sits |
Reverse Stock Split Description
ReverseStockSplitDescription
|
post reverse stock-split share of common stock, $0.001 par value per share, in exchange for every fifty (50) shares of common stock (in effect, a 1 for 50 reverse split) | |
CY2016Q1 | sits |
Prior Reverse Split Common Shares Outstanding
PriorReverseSplitCommonSharesOutstanding
|
168217400 | shares |
CY2014Q3 | sits |
Stockholders Equity Note Stock Split Conversion Ratio
StockholdersEquityNoteStockSplitConversionRatio
|
1 for 50 | |
CY2016Q1 | sits |
Post Reverse Split Common Shares Issued
PostReverseSplitCommonSharesIssued
|
3284708 | shares |
CY2016Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2000 | usd |
CY2016Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
15579 | usd |
CY2015Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
0 | usd |
CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | usd |
CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | usd |
CY2016Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
15579 | usd |
CY2015Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
0 | usd |
CY2016Q1 | sits |
Bad Debt Expense
BadDebtExpense
|
0 | usd |
CY2016Q1 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
5808 | usd |
CY2015Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
5808 | usd |
CY2016Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3606 | usd |
CY2015Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3190 | usd |
CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2202 | usd |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2618 | usd |
CY2016Q1 | us-gaap |
Depreciation
Depreciation
|
208 | usd |
CY2015 | us-gaap |
Depreciation
Depreciation
|
830 | usd |
CY2016Q1 | sits |
Convertible Notes Payable Related Party
ConvertibleNotesPayableRelatedParty
|
294712 | usd |
CY2015Q4 | sits |
Convertible Notes Payable Related Party
ConvertibleNotesPayableRelatedParty
|
294712 | usd |
CY2016Q1 | sits |
Convertible Notes Payables Current
ConvertibleNotesPayablesCurrent
|
390000 | usd |
CY2015Q4 | sits |
Convertible Notes Payables Current
ConvertibleNotesPayablesCurrent
|
375000 | usd |
CY2016Q1 | sits |
Notes Payable Related Party Noncurrent
NotesPayableRelatedPartyNoncurrent
|
106205 | usd |
CY2015Q4 | sits |
Notes Payable Related Party Noncurrent
NotesPayableRelatedPartyNoncurrent
|
96205 | usd |
CY2016Q1 | us-gaap |
Notes Payable
NotesPayable
|
790917 | usd |
CY2015Q4 | us-gaap |
Notes Payable
NotesPayable
|
765917 | usd |
CY2016Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
450358 | usd |
CY2015Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
458244 | usd |
CY2014Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
16000 | usd |
CY2014Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
1500 | usd |
CY2014Q4 | sits |
Post Reverse Split Shares
PostReverseSplitShares
|
3100000 | shares |
CY2012Q2 | sits |
Post Reverse Split Common Stock Issued
PostReverseSplitCommonStockIssued
|
200000000 | shares |
CY2012Q2 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
1 | pure |
CY2013Q2 | sits |
Number Of Post Reverse Split Shares
NumberOfPostReverseSplitShares
|
400000 | shares |
CY2013Q2 | sits |
Number Of Post Reverse Split Shares Of Common Stock
NumberOfPostReverseSplitSharesOfCommonStock
|
4000000 | shares |
CY2013Q2 | sits |
Number Of Post Reverse Split Shares Canceled
NumberOfPostReverseSplitSharesCanceled
|
4000000 | shares |
CY2014Q1 | sits |
Post Reverse Split Common Stock Returned To Treasury
PostReverseSplitCommonStockReturnedToTreasury
|
400000 | shares |
CY2014 | sits |
Cancelled Post Reverse Split Outstanding Common Shares
CancelledPostReverseSplitOutstandingCommonShares
|
4000000 | shares |
CY2014Q2 | us-gaap |
Preferred Units Authorized
PreferredUnitsAuthorized
|
10000000 | shares |
CY2014Q3 | sits |
Reservesplit
Reservesplit
|
Preferred Stock which have preferred voting rights equal to 500 votes for each 1 preferred share | |
CY2013 | us-gaap |
Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
|
400000 | shares |
CY2014 | us-gaap |
Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
|
12000000 | shares |
CY2015Q3 | sits |
Contract With Related Party
ContractWithRelatedParty
|
1500000 | usd |