2021 Q1 Form 10-Q Financial Statement

#000143774921012308 Filed on May 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $809.1K $1.674M
YoY Change -51.66% -19.25%
Cost Of Revenue $565.1K $1.082M
YoY Change -47.75% -8.58%
Gross Profit $244.0K $592.1K
YoY Change -58.8% -33.44%
Gross Profit Margin 30.15% 35.37%
Selling, General & Admin $499.5K $693.6K
YoY Change -27.98% -16.63%
% of Gross Profit 204.76% 117.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.30K $32.81K
YoY Change -22.89% 50.37%
% of Gross Profit 10.37% 5.54%
Operating Expenses $499.5K $693.6K
YoY Change -27.98% -16.63%
Operating Profit -$255.6K -$101.5K
YoY Change 151.84% -276.26%
Interest Expense $5.657K $1.229K
YoY Change 360.29% -53.64%
% of Operating Profit
Other Income/Expense, Net -$5.657K $5.347K
YoY Change -205.8% -7.12%
Pretax Income -$261.2K -$96.14K
YoY Change 171.73% -251.79%
Income Tax $4.426K $0.00
% Of Pretax Income
Net Earnings -$265.7K -$96.14K
YoY Change 176.33% -283.7%
Net Earnings / Revenue -32.83% -5.74%
Basic Earnings Per Share -$0.26
Diluted Earnings Per Share -$258.2K -$94.02K
COMMON SHARES
Basic Shares Outstanding 1.029M 1.023M
Diluted Shares Outstanding 1.035M 1.039M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.792M $3.144M
YoY Change -43.0% 6.52%
Cash & Equivalents $1.792M $3.144M
Short-Term Investments
Other Short-Term Assets $172.1K $466.6K
YoY Change -63.11% 2.78%
Inventory $243.1K $161.4K
Prepaid Expenses $172.1K
Receivables $244.5K $552.2K
Other Receivables $955.5K $188.8K
Total Short-Term Assets $3.358M $4.513M
YoY Change -25.58% -3.64%
LONG-TERM ASSETS
Property, Plant & Equipment $244.4K $308.7K
YoY Change -20.82% 23.32%
Goodwill $750.0K $750.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.510K $478.5K
YoY Change -99.48% -6.08%
Total Long-Term Assets $1.433M $2.019M
YoY Change -29.04% -1.25%
TOTAL ASSETS
Total Short-Term Assets $3.358M $4.513M
Total Long-Term Assets $1.433M $2.019M
Total Assets $4.791M $6.532M
YoY Change -26.65% -2.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $106.0K $27.32K
YoY Change 288.0% -92.59%
Accrued Expenses $235.3K $179.2K
YoY Change 31.35% -40.97%
Deferred Revenue $80.88K $130.8K
YoY Change -38.18% 1.64%
Short-Term Debt $304.8K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $770.9K $643.7K
YoY Change 19.76% -27.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $369.5K $389.3K
YoY Change -5.09% -9.49%
Total Long-Term Liabilities $369.5K $389.3K
YoY Change -5.09% -9.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $770.9K $643.7K
Total Long-Term Liabilities $369.5K $389.3K
Total Liabilities $1.140M $1.033M
YoY Change 10.4% -21.76%
SHAREHOLDERS EQUITY
Retained Earnings -$16.30M -$14.37M
YoY Change 13.42% -0.13%
Common Stock $19.95M $19.87M
YoY Change 0.41% 0.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.651M $5.499M
YoY Change
Total Liabilities & Shareholders Equity $4.791M $6.532M
YoY Change -26.65% -2.91%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$265.7K -$96.14K
YoY Change 176.33% -283.7%
Depreciation, Depletion And Amortization $25.30K $32.81K
YoY Change -22.89% 50.37%
Cash From Operating Activities -$99.19K -$310.9K
YoY Change -68.09% -227.91%
INVESTING ACTIVITIES
Capital Expenditures $1.203K $4.912K
YoY Change -75.51% -88.34%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.203K -$4.912K
YoY Change -75.51% -88.34%
FINANCING ACTIVITIES
Cash Dividend Paid $128.0K
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.835K -138.0K
YoY Change -95.05% 56.18%
NET CHANGE
Cash From Operating Activities -$99.19K -310.9K
Cash From Investing Activities -$1.203K -4.912K
Cash From Financing Activities -$6.835K -138.0K
Net Change In Cash -$107.2K -453.8K
YoY Change -76.37% -503.22%
FREE CASH FLOW
Cash From Operating Activities -$99.19K -$310.9K
Capital Expenditures $1.203K $4.912K
Free Cash Flow -$100.4K -$315.8K
YoY Change -68.21% -257.17%

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