2021 Form 10-K Financial Statement
#000149315222008222 Filed on March 31, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $24.14M | $4.790M | $15.59M |
| YoY Change | 54.87% | 42.99% | 32.46% |
| Cost Of Revenue | $2.311M | $490.0K | $1.620M |
| YoY Change | 42.67% | 63.33% | 33.88% |
| Gross Profit | $21.83M | $4.300M | $13.97M |
| YoY Change | 56.28% | 40.98% | 32.29% |
| Gross Profit Margin | 90.43% | 89.77% | 89.61% |
| Selling, General & Admin | $28.05M | $5.070M | $18.71M |
| YoY Change | 49.94% | 13.42% | 41.96% |
| % of Gross Profit | 128.49% | 117.91% | 133.93% |
| Research & Development | $558.7K | ||
| YoY Change | |||
| % of Gross Profit | 2.56% | ||
| Depreciation & Amortization | $597.0K | $80.00K | $290.0K |
| YoY Change | 105.86% | 60.0% | 141.67% |
| % of Gross Profit | 2.73% | 1.86% | 2.08% |
| Operating Expenses | $29.21M | $5.160M | $19.01M |
| YoY Change | 53.65% | 14.16% | 42.93% |
| Operating Profit | -$7.376M | -$860.0K | -$5.040M |
| YoY Change | 46.35% | -41.5% | 83.94% |
| Interest Expense | -$617.6K | $0.00 | -$10.00K |
| YoY Change | 6076.4% | -100.0% | -90.91% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | $0.00 | $10.00K |
| YoY Change | -100.0% | -100.0% | 0.0% |
| Pretax Income | -$7.994M | -$270.0K | -$4.450M |
| YoY Change | 79.64% | -81.76% | 56.69% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$7.922M | -$250.0K | -$4.360M |
| YoY Change | 81.7% | -82.88% | 55.16% |
| Net Earnings / Revenue | -32.81% | -5.22% | -27.97% |
| Basic Earnings Per Share | -$1.08 | ||
| Diluted Earnings Per Share | -$1.079M | -$43.48K | -$760.9K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.342M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $18.65M | $460.0K | $460.0K |
| YoY Change | 3954.97% | -93.04% | -93.04% |
| Cash & Equivalents | $455.4K | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $917.3K | $610.0K | $610.0K |
| YoY Change | 50.38% | 281.25% | 281.25% |
| Inventory | $2.048M | $1.148M | $1.150M |
| Prepaid Expenses | |||
| Receivables | $2.990M | $2.270M | |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $24.61M | $4.482M | $4.480M |
| YoY Change | 449.3% | -49.41% | -49.44% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.043M | $678.6K | $1.150M |
| YoY Change | 77.62% | -14.1% | 45.57% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $3.098M | ||
| YoY Change | |||
| Long-Term Investments | $5.017M | $1.100M | $1.100M |
| YoY Change | 356.12% | ||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $11.79M | $5.344M | $5.350M |
| YoY Change | 120.34% | 136.46% | 136.73% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $24.61M | $4.482M | $4.480M |
| Total Long-Term Assets | $11.79M | $5.344M | $5.350M |
| Total Assets | $36.40M | $9.826M | $9.830M |
| YoY Change | 270.26% | -11.63% | -11.6% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $594.0K | $271.3K | $490.0K |
| YoY Change | 21.22% | -33.84% | 19.51% |
| Accrued Expenses | $5.428M | $3.050M | $3.050M |
| YoY Change | 77.98% | 36.77% | 36.77% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $6.022M | $3.540M | $3.540M |
| YoY Change | 70.12% | 34.09% | 34.09% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Other Long-Term Liabilities | $222.2K | $90.29K | $450.0K |
| YoY Change | -50.63% | -84.43% | -22.41% |
| Total Long-Term Liabilities | $222.2K | $446.1K | $450.0K |
| YoY Change | -50.63% | -78.55% | -78.37% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $6.022M | $3.540M | $3.540M |
| Total Long-Term Liabilities | $222.2K | $446.1K | $450.0K |
| Total Liabilities | $5.756M | $3.986M | $3.680M |
| YoY Change | 56.41% | -11.42% | -18.22% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$7.032M | ||
| YoY Change | |||
| Common Stock | $6.297K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $30.64M | $5.840M | $6.150M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $36.40M | $9.826M | $9.830M |
| YoY Change | 270.26% | -11.63% | -11.6% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$7.922M | -$250.0K | -$4.360M |
| YoY Change | 81.7% | -82.88% | 55.16% |
| Depreciation, Depletion And Amortization | $597.0K | $80.00K | $290.0K |
| YoY Change | 105.86% | 60.0% | 141.67% |
| Cash From Operating Activities | -$4.815M | -$590.0K | -$4.030M |
| YoY Change | 19.47% | -29.76% | 85.71% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$750.5K | -$480.0K | -$1.640M |
| YoY Change | -54.24% | -7.69% | -4.09% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$4.534M | -$600.0K | -$1.100M |
| YoY Change | 312.21% | -315.69% | |
| Cash From Investing Activities | -$5.285M | -$1.080M | -$2.740M |
| YoY Change | 92.87% | 107.69% | 128.33% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 28.30M | 10.00K | 620.0K |
| YoY Change | 4463.99% | -99.87% | -93.67% |
| NET CHANGE | |||
| Cash From Operating Activities | -4.815M | -590.0K | -4.030M |
| Cash From Investing Activities | -5.285M | -1.080M | -2.740M |
| Cash From Financing Activities | 28.30M | 10.00K | 620.0K |
| Net Change In Cash | 18.20M | -1.660M | -6.150M |
| YoY Change | -395.89% | -125.78% | -195.65% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.815M | -$590.0K | -$4.030M |
| Capital Expenditures | -$750.5K | -$480.0K | -$1.640M |
| Free Cash Flow | -$4.064M | -$110.0K | -$2.390M |
| YoY Change | 70.05% | -65.62% | 419.57% |
Facts In Submission
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