$SKVI
SKINVISIBLE, INC.

2021 Form 10-K Financial Statement

#000166357722000171 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 2020
Revenue $663.4K $275.6K
YoY Change 140.76% 538.31%
Cost Of Revenue $3.300K
YoY Change
Gross Profit $660.1K $275.6K
YoY Change 139.56% 975.57%
Gross Profit Margin 99.5% 100.0%
Selling, General & Admin $454.1K $497.2K
YoY Change -8.67% -5.44%
% of Gross Profit 68.79% 180.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.94K $32.02K
YoY Change -43.97% -19.18%
% of Gross Profit 2.72% 11.62%
Operating Expenses $472.0K $529.2K
YoY Change -10.8% -6.4%
Operating Profit $188.1K -$253.7K
YoY Change -174.15% -53.01%
Interest Expense -$1.371M -$1.194M
YoY Change 14.79% 18.83%
% of Operating Profit -728.69%
Other Income/Expense, Net $1.261M $0.00
YoY Change -100.0%
Pretax Income -$1.073M -$1.448M
YoY Change -25.9% -14.95%
Income Tax
% Of Pretax Income
Net Earnings -$1.073M -$1.448M
YoY Change -25.9% -14.95%
Net Earnings / Revenue -161.7% -525.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$236.3K -$322.2K
COMMON SHARES
Basic Shares Outstanding 4.540M shares
Diluted Shares Outstanding 4.540M shares

Balance Sheet

Concept 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.04K $35.90K
YoY Change 83.96% 2661.54%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $8.130K $6.500K
YoY Change 25.08% 33.2%
Inventory
Prepaid Expenses
Receivables $80.00 $7.720K
Other Receivables $0.00 $0.00
Total Short-Term Assets $74.24K $50.11K
YoY Change 48.15% 205.92%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $153.1K $150.1K
YoY Change 1.95% -9.22%
TOTAL ASSETS
Total Short-Term Assets $74.24K $50.11K
Total Long-Term Assets $153.1K $150.1K
Total Assets $227.3K $200.2K
YoY Change 13.51% 10.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $7.620K
YoY Change -100.0% -17.8%
Accrued Expenses $1.475M $1.021M
YoY Change 44.42% 107.76%
Deferred Revenue
YoY Change
Short-Term Debt $460.9K $604.5K
YoY Change -23.76% 0.94%
Long-Term Debt Due $40.00K $220.0K
YoY Change -81.82% 0.0%
Total Short-Term Liabilities $3.061M $2.719M
YoY Change 12.59% 41.83%
LONG-TERM LIABILITIES
Long-Term Debt $2.582M $1.936M
YoY Change 33.35% 52.22%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.582M $1.936M
YoY Change 33.35% 52.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.061M $2.719M
Total Long-Term Liabilities $2.582M $1.936M
Total Liabilities $5.643M $4.655M
YoY Change 21.22% 45.97%
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 -$5.416M -$4.455M
YoY Change
Total Liabilities & Shareholders Equity $227.3K $200.2K
YoY Change 13.51% 10.17%

Cashflow Statement

Concept 2021 2020
OPERATING ACTIVITIES
Net Income -$1.073M -$1.448M
YoY Change -25.9% -14.95%
Depreciation, Depletion And Amortization $17.94K $32.02K
YoY Change -43.97% -19.18%
Cash From Operating Activities $374.6K $45.77K
YoY Change 718.46% -135.7%
INVESTING ACTIVITIES
Capital Expenditures -$20.86K -$16.77K
YoY Change 24.39% -35.8%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$20.86K -$16.77K
YoY Change 24.39% -134.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -323.6K 5.600K
YoY Change -5878.57% -92.83%
NET CHANGE
Cash From Operating Activities 374.6K 45.77K
Cash From Investing Activities -20.86K -16.77K
Cash From Financing Activities -323.6K 5.600K
Net Change In Cash 30.15K 34.60K
YoY Change -12.86% -3007.56%
FREE CASH FLOW
Cash From Operating Activities $374.6K $45.77K
Capital Expenditures -$20.86K -$16.77K
Free Cash Flow $395.5K $62.54K
YoY Change 532.35% -161.26%

Facts In Submission

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CY2020 us-gaap Unrealized Gain Loss On Derivatives
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CY2021 us-gaap Interest Paid
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