2022 Q1 Form 10-Q Financial Statement
#000175392622000723 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| Revenue | $9.316M | $3.636M | $2.332M |
| YoY Change | 299.49% | 511.09% | 47.59% |
| Cost Of Revenue | $8.859M | $5.454M | $780.0K |
| YoY Change | 1035.77% | 1246.67% | 47.17% |
| Gross Profit | $457.0K | -$1.818M | $1.552M |
| YoY Change | -70.55% | -1056.84% | 46.42% |
| Gross Profit Margin | 4.91% | -50.0% | 66.55% |
| Selling, General & Admin | $7.255M | $2.990M | $1.837M |
| YoY Change | 294.94% | 63.21% | 129.63% |
| % of Gross Profit | 1587.53% | 118.36% | |
| Research & Development | $386.0K | ||
| YoY Change | -3.5% | ||
| % of Gross Profit | 24.87% | ||
| Depreciation & Amortization | $6.697M | $3.269M | $93.00K |
| YoY Change | 7101.08% | -20531.25% | 365.0% |
| % of Gross Profit | 1465.43% | 5.99% | |
| Operating Expenses | $7.255M | $178.0K | $2.223M |
| YoY Change | 226.36% | -90.28% | 85.25% |
| Operating Profit | -$6.798M | -$1.996M | -$671.0K |
| YoY Change | 913.11% | 21.56% | 379.29% |
| Interest Expense | -$2.881M | -$1.879M | |
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | -$20.00K | $5.000K | |
| YoY Change | -120.0% | ||
| Pretax Income | -$9.679M | -$3.895M | -$666.0K |
| YoY Change | 1353.3% | 152.59% | 375.71% |
| Income Tax | -$547.0K | $41.00K | |
| % Of Pretax Income | |||
| Net Earnings | -$8.906M | -$2.811M | -$666.0K |
| YoY Change | 1237.24% | -244.45% | 375.71% |
| Net Earnings / Revenue | -95.6% | -77.31% | -28.56% |
| Basic Earnings Per Share | -$0.69 | ||
| Diluted Earnings Per Share | -$642.1K | -$214.1K | -$67.98K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 13.87M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.827M | $10.26M | $2.722M |
| YoY Change | 3.86% | 290.04% | 23.73% |
| Cash & Equivalents | $2.827M | $10.26M | |
| Short-Term Investments | |||
| Other Short-Term Assets | $19.25M | $14.19M | $955.0K |
| YoY Change | 1915.81% | 4002.02% | 855.0% |
| Inventory | $923.0K | ||
| Prepaid Expenses | |||
| Receivables | $324.0K | $531.0K | $780.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $22.40M | $24.98M | $5.380M |
| YoY Change | 316.39% | 422.75% | 31.22% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $68.61M | $44.60M | $2.181M |
| YoY Change | 3045.99% | 2075.46% | 98.27% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $45.84M | ||
| YoY Change | |||
| Long-Term Investments | $750.0K | $750.0K | $750.0K |
| YoY Change | 0.0% | 0.0% | |
| Other Assets | $1.062M | $1.121M | $1.070M |
| YoY Change | -0.75% | 4.96% | 167.5% |
| Total Long-Term Assets | $113.9M | $92.71M | $4.001M |
| YoY Change | 2747.66% | 2296.9% | 166.73% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $22.40M | $24.98M | $5.380M |
| Total Long-Term Assets | $113.9M | $92.71M | $4.001M |
| Total Assets | $136.3M | $117.7M | $9.381M |
| YoY Change | 1353.33% | 1261.1% | 67.52% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.363M | $2.958M | $1.514M |
| YoY Change | 188.18% | 886.0% | 404.67% |
| Accrued Expenses | $2.366M | $2.859M | $1.459M |
| YoY Change | 62.17% | 114.16% | 62.11% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $16.99M | $8.121M | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $7.195M | ||
| YoY Change | |||
| Total Short-Term Liabilities | $32.52M | $15.68M | $2.975M |
| YoY Change | 993.18% | 858.03% | 147.92% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $5.802M | $0.00 | |
| YoY Change | |||
| Other Long-Term Liabilities | $701.0K | $746.0K | $1.011M |
| YoY Change | -30.66% | -31.81% | 44.43% |
| Total Long-Term Liabilities | $6.503M | $0.00 | $1.011M |
| YoY Change | 543.22% | -100.0% | 44.43% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $32.52M | $15.68M | $2.975M |
| Total Long-Term Liabilities | $6.503M | $0.00 | $1.011M |
| Total Liabilities | $48.76M | $26.71M | $3.986M |
| YoY Change | 1123.16% | 877.88% | 109.79% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$132.0M | -$123.1M | |
| YoY Change | |||
| Common Stock | $227.8M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $13.76M | ||
| YoY Change | |||
| Treasury Stock Shares | 1.015M shares | ||
| Shareholders Equity | $87.58M | $90.99M | $5.395M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $136.3M | $117.7M | $9.381M |
| YoY Change | 1353.33% | 1261.1% | 67.52% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$8.906M | -$2.811M | -$666.0K |
| YoY Change | 1237.24% | -244.45% | 375.71% |
| Depreciation, Depletion And Amortization | $6.697M | $3.269M | $93.00K |
| YoY Change | 7101.08% | -20531.25% | 365.0% |
| Cash From Operating Activities | $1.311M | $8.330M | $331.0K |
| YoY Change | 296.07% | 2063.64% | -200.3% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$25.48M | -$29.69M | -$301.0K |
| YoY Change | 8364.45% | 6918.68% | -3110.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$2.590M | -$9.946M | $0.00 |
| YoY Change | 3118.77% | -100.0% | |
| Cash From Investing Activities | -$28.07M | -$39.64M | -$301.0K |
| YoY Change | 9224.92% | 5314.62% | -60.39% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 19.33M | 25.75M | 62.00K |
| YoY Change | 31070.97% | 30919.28% | |
| NET CHANGE | |||
| Cash From Operating Activities | 1.311M | 8.330M | 331.0K |
| Cash From Investing Activities | -28.07M | -39.64M | -301.0K |
| Cash From Financing Activities | 19.33M | 25.75M | 62.00K |
| Net Change In Cash | -7.431M | -5.559M | 92.00K |
| YoY Change | -8177.17% | 2005.68% | -108.44% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.311M | $8.330M | $331.0K |
| Capital Expenditures | -$25.48M | -$29.69M | -$301.0K |
| Free Cash Flow | $26.79M | $38.02M | $632.0K |
| YoY Change | 4138.77% | 4605.32% | -285.88% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
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| CY2021Q4 | us-gaap |
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Deferred Tax Assets Liabilities Net
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| CY2021Q4 | us-gaap |
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Debt Current
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Long Term Debt Noncurrent
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Interest Expense
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Increase Decrease In Deferred Income Taxes
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Costs Of Notes And Short Term Debt Issuance
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Cash Dividend Distribution On Preferred Stock
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Noncash Equipment Financing
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|
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Interest Paid On Nydig Loans
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|
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Noncash Consultant Stock Compensation In Prepaids And Other Assets
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Warrant Consideration In Relation To Promissory Notes
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Retained Earnings Accumulated Deficit
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|
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Notes Payable
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|
15991000 | USD |
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Notes Payable
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|
15991000 | USD |
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Adjustment For Correction Of An Error Preferred Dividends
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Common Stock Shares Issued
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|
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Common Stock Shares Outstanding
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|
13754206 | shares |
| CY2022Q1 | us-gaap |
Short Term Lease Cost
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Short Term Lease Cost
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Operating Lease Weighted Average Remaining Lease Term1
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|
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|
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|
451000 | USD |
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Disposal Group Including Discontinued Operation General And Administrative Expense
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|
540000 | USD |
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|
40000 | USD |
