2024 Q4 Form 10-Q Financial Statement

#000151655124000110 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.639M $2.240M
YoY Change 107.1% 96.39%
% of Gross Profit
Research & Development $4.883M $1.255M
YoY Change 289.22% -29.58%
% of Gross Profit
Depreciation & Amortization $47.52K $30.00K
YoY Change 58.4% 4.13%
% of Gross Profit
Operating Expenses $4.969M $24.71M
YoY Change -79.89% 745.43%
Operating Profit -$4.969M -$24.71M
YoY Change -79.89% 745.43%
Interest Expense $997.7K $271.3K
YoY Change 267.73% 28.44%
% of Operating Profit
Other Income/Expense, Net $1.070M -$240.1K
YoY Change -545.91% 17.11%
Pretax Income -$3.898M -$24.95M
YoY Change -84.37% 697.68%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.898M -$24.95M
YoY Change -84.37% 697.68%
Net Earnings / Revenue
Basic Earnings Per Share -$0.10 -$3.17
Diluted Earnings Per Share -$0.10 -$3.17
COMMON SHARES
Basic Shares Outstanding 30.34M shares 30.34M shares 971.5M shares
Diluted Shares Outstanding 38.82M shares 7.881M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.63M $5.130M
YoY Change 1257.29% 1134.98%
Cash & Equivalents $67.41M $5.126M
Short-Term Investments
Other Short-Term Assets $2.651M $867.9K
YoY Change 205.42% 503.31%
Inventory
Prepaid Expenses $664.6K $207.2K
Receivables
Other Receivables
Total Short-Term Assets $79.81M $15.29M
YoY Change 422.09% 469.68%
LONG-TERM ASSETS
Property, Plant & Equipment $1.517M $55.28K
YoY Change 2643.51% -35.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.31K $8.309K
YoY Change 216.64% 0.0%
Total Long-Term Assets $1.727M $318.1K
YoY Change 442.98% 71.47%
TOTAL ASSETS
Total Short-Term Assets $79.81M $15.29M
Total Long-Term Assets $1.727M $318.1K
Total Assets $81.54M $15.60M
YoY Change 422.52% 443.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $780.0K $1.631M
YoY Change -52.19% -21.1%
Accrued Expenses $2.641M $1.280M
YoY Change 106.36% 52.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $4.170M
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $5.624M $13.72M
YoY Change -59.0% 123.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $108.1K $190.0K
YoY Change -43.13% 2208.63%
Total Long-Term Liabilities $108.1K $190.0K
YoY Change -43.13% 2208.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.624M $13.72M
Total Long-Term Liabilities $108.1K $190.0K
Total Liabilities $5.732M $13.91M
YoY Change -58.79% 126.02%
SHAREHOLDERS EQUITY
Retained Earnings -$121.2M -$99.96M
YoY Change 21.25% 75.85%
Common Stock $197.0M $101.7M
YoY Change 93.79% 89.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $75.80M $1.695M
YoY Change
Total Liabilities & Shareholders Equity $81.54M $15.60M
YoY Change 422.52% 443.93%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$3.898M -$24.95M
YoY Change -84.37% 697.68%
Depreciation, Depletion And Amortization $47.52K $30.00K
YoY Change 58.4% 4.13%
Cash From Operating Activities -$5.263M -$4.060M
YoY Change 29.62% 97.41%
INVESTING ACTIVITIES
Capital Expenditures $1.518M $10.00K
YoY Change 15083.6% -102.73%
Acquisitions
YoY Change
Other Investing Activities $72.84K $1.080M
YoY Change -93.26%
Cash From Investing Activities -$1.446M $1.070M
YoY Change -235.1% -392.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 16.64M
YoY Change -100.0% -18216.49%
NET CHANGE
Cash From Operating Activities -5.263M -4.060M
Cash From Investing Activities -1.446M 1.070M
Cash From Financing Activities 0.000 16.64M
Net Change In Cash -6.708M 13.65M
YoY Change -149.14% -642.85%
FREE CASH FLOW
Cash From Operating Activities -$5.263M -$4.060M
Capital Expenditures $1.518M $10.00K
Free Cash Flow -$6.781M -$4.070M
YoY Change 66.61% 140.75%

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