2021 Form 10-K Financial Statement
#000175392622000384 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $14.35M | $595.0K | $595.0K |
| YoY Change | 2310.92% | -59.8% | -90.95% |
| Cost Of Revenue | $8.070M | $405.0K | $405.0K |
| YoY Change | 1892.59% | -22.12% | -81.63% |
| Gross Profit | $6.275M | $190.0K | $190.0K |
| YoY Change | 3202.63% | -80.21% | -95.65% |
| Gross Profit Margin | 43.74% | 31.93% | 31.93% |
| Selling, General & Admin | $10.75M | $1.832M | $1.832M |
| YoY Change | 486.84% | 150.96% | -32.8% |
| % of Gross Profit | 171.33% | 964.21% | 964.21% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $2.100M | -$16.00K | $81.00K |
| YoY Change | 2492.59% | -180.0% | -6.9% |
| % of Gross Profit | 33.47% | -8.42% | 42.63% |
| Operating Expenses | $10.75M | $1.832M | $1.832M |
| YoY Change | 486.84% | 71.21% | -55.39% |
| Operating Profit | -$4.476M | -$1.642M | -$1.642M |
| YoY Change | 172.59% | 1392.73% | -733.98% |
| Interest Expense | -$1.879M | ||
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | $11.00K | $100.0K | $100.0K |
| YoY Change | -89.0% | 900.0% | 177.78% |
| Pretax Income | -$6.344M | -$1.542M | -$1.542M |
| YoY Change | 311.41% | 1301.82% | -622.71% |
| Income Tax | $44.00K | -$332.0K | -$332.0K |
| % Of Pretax Income | |||
| Net Earnings | -$5.261M | $1.946M | $1.946M |
| YoY Change | -370.35% | -1869.09% | 502.48% |
| Net Earnings / Revenue | -36.67% | 327.06% | 327.06% |
| Basic Earnings Per Share | -$0.50 | ||
| Diluted Earnings Per Share | -$444.3K | $203.1K | $203.1K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 11.84M shares | ||
| Diluted Shares Outstanding | 11.84M shares |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $10.26M | $2.630M | $2.630M |
| YoY Change | 290.04% | 5.2% | 4.78% |
| Cash & Equivalents | $2.630M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $14.19M | $346.0K | $346.0K |
| YoY Change | 4002.02% | 246.0% | 517.86% |
| Inventory | $0.00 | $828.0K | |
| Prepaid Expenses | |||
| Receivables | $531.0K | $975.0K | $975.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $24.98M | $4.779M | $4.779M |
| YoY Change | 422.75% | 13.79% | 12.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $45.00M | $2.050M | $2.050M |
| YoY Change | 2095.22% | 86.36% | 82.87% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $0.00 | ||
| YoY Change | |||
| Long-Term Investments | $750.0K | $750.0K | $750.0K |
| YoY Change | 0.0% | ||
| Other Assets | $1.121M | $1.068M | $1.068M |
| YoY Change | 4.96% | 167.0% | 170.38% |
| Total Long-Term Assets | $92.71M | $3.868M | $3.868M |
| YoY Change | 2296.9% | 141.75% | 155.15% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $24.98M | $4.779M | $4.779M |
| Total Long-Term Assets | $92.71M | $3.868M | $3.868M |
| Total Assets | $117.7M | $8.647M | $8.647M |
| YoY Change | 1261.1% | 49.09% | 50.36% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.958M | $300.0K | $300.0K |
| YoY Change | 886.0% | 50.0% | 42.86% |
| Accrued Expenses | $3.043M | $1.335M | $1.335M |
| YoY Change | 127.94% | 48.33% | 43.24% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $8.121M | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $15.68M | $1.637M | $1.637M |
| YoY Change | 858.03% | 48.82% | 43.35% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $746.0K | $1.094M | $1.094M |
| YoY Change | -31.81% | 36.75% | 40.98% |
| Total Long-Term Liabilities | $746.0K | $1.094M | $1.094M |
| YoY Change | -31.81% | 36.75% | 40.98% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $15.68M | $1.637M | $1.637M |
| Total Long-Term Liabilities | $746.0K | $1.094M | $1.094M |
| Total Liabilities | $26.71M | $2.731M | $2.731M |
| YoY Change | 877.88% | 43.74% | 42.39% |
| 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 | $90.99M | $5.916M | $5.916M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $117.7M | $8.647M | $8.647M |
| YoY Change | 1261.1% | 49.09% | 50.36% |
Cashflow Statement
Facts In Submission
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|
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