2023 Q4 Form 10-K Financial Statement

#000119312524082043 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $578.8K $2.151M $720.0K
YoY Change 106.72% 198.77% 2300.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $578.8K $2.151M $720.0K
YoY Change 106.72% 198.77% 2300.0%
Operating Profit -$2.151M -$717.3K
YoY Change 199.91%
Interest Expense $2.662M $10.30M $2.830M
YoY Change 20.99% 263.8%
% of Operating Profit
Other Income/Expense, Net $10.30M $2.827M
YoY Change 264.23%
Pretax Income $2.083M $8.144M $2.110M
YoY Change 8.49% 285.99% -7133.33%
Income Tax
% Of Pretax Income
Net Earnings $2.083M $8.144M $2.109M
YoY Change 8.49% 286.11% -7131.16%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.08 $0.31 $0.13
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $163.7K $163.7K $500.0K
YoY Change -67.26% -67.26%
Cash & Equivalents $163.7K
Short-Term Investments
Other Short-Term Assets $209.8K $209.8K $400.0K
YoY Change -47.56% -47.56%
Inventory
Prepaid Expenses $209.8K
Receivables
Other Receivables
Total Short-Term Assets $373.5K $373.5K $900.0K
YoY Change -59.9% -58.5%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $109.6M $109.6M $217.6M
YoY Change -49.64% -49.64%
Other Assets $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0%
Total Long-Term Assets $109.6M $109.6M $217.9M
YoY Change -49.7% -49.71%
TOTAL ASSETS
Total Short-Term Assets $373.5K $373.5K $900.0K
Total Long-Term Assets $109.6M $109.6M $217.9M
Total Assets $109.9M $109.9M $218.8M
YoY Change -49.75% -49.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $107.2K $107.2K $0.00
YoY Change 4499.74%
Accrued Expenses $1.204M $1.204M $300.0K
YoY Change 300.74% 301.39%
Deferred Revenue
YoY Change
Short-Term Debt $5.620M $5.620M $5.200M
YoY Change 8.08% 8.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.931M $6.931M $5.500M
YoY Change 25.05% 26.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.336M $7.336M $7.300M
YoY Change 0.49% 0.49%
Total Long-Term Liabilities $7.336M $7.336M $7.300M
YoY Change 0.0% 0.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.931M $6.931M $5.500M
Total Long-Term Liabilities $7.336M $7.336M $7.300M
Total Liabilities $14.27M $14.27M $12.90M
YoY Change 10.78% 10.6%
SHAREHOLDERS EQUITY
Retained Earnings -$13.79M
YoY Change 18.48%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $95.68M $95.68M $205.9M
YoY Change
Total Liabilities & Shareholders Equity $109.9M $109.9M $218.8M
YoY Change -49.75% -49.75%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $2.083M $8.144M $2.109M
YoY Change 8.49% 286.11% -7131.16%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$289.0K -$731.7K -$1.214M
YoY Change 221.08% -39.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $118.6M $118.6M -$214.8M
YoY Change -155.22%
Cash From Investing Activities $118.6M $118.6M -$214.8M
YoY Change -155.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$118.6M -$118.6M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -118.3M -118.3M 216.6M
YoY Change -154.61%
NET CHANGE
Cash From Operating Activities -289.0K -731.7K -1.214M
Cash From Investing Activities 118.6M 118.6M -214.8M
Cash From Financing Activities -118.3M -118.3M 216.6M
Net Change In Cash 91.03K -351.7K 515.4K
YoY Change -201.14% -168.23%
FREE CASH FLOW
Cash From Operating Activities -$289.0K -$731.7K -$1.214M
Capital Expenditures
Free Cash Flow
YoY Change

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PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one to one
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0

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