2021 Q3 Form 10-Q Financial Statement
#000121390021058652 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $183.0K | $80.00K |
| YoY Change | 128.75% | 100.0% |
| Cost Of Revenue | $106.0K | $40.00K |
| YoY Change | 165.0% | 33.33% |
| Gross Profit | $77.00K | $40.00K |
| YoY Change | 92.5% | 300.0% |
| Gross Profit Margin | 42.08% | 50.0% |
| Selling, General & Admin | $1.816M | $1.570M |
| YoY Change | 15.67% | -27.65% |
| % of Gross Profit | 2358.44% | 3925.0% |
| Research & Development | $514.0K | $380.0K |
| YoY Change | 35.26% | -11.63% |
| % of Gross Profit | 667.53% | 950.0% |
| Depreciation & Amortization | $78.00K | $70.00K |
| YoY Change | 11.43% | -30.0% |
| % of Gross Profit | 101.3% | 175.0% |
| Operating Expenses | $2.330M | $1.950M |
| YoY Change | 19.49% | -25.0% |
| Operating Profit | -$2.253M | -$1.910M |
| YoY Change | 17.96% | -26.25% |
| Interest Expense | $0.00 | -$10.00K |
| YoY Change | -100.0% | -200.0% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$2.253M | -$1.920M |
| YoY Change | 17.34% | -25.87% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.253M | -$1.920M |
| YoY Change | 17.34% | -25.87% |
| Net Earnings / Revenue | -1231.15% | -2400.0% |
| Basic Earnings Per Share | -$0.18 | |
| Diluted Earnings Per Share | -$184.8K | -$564.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 12.19M shares | |
| Diluted Shares Outstanding | 12.19M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $11.08M | $2.720M |
| YoY Change | 307.46% | -31.14% |
| Cash & Equivalents | $11.08M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $603.0K | $310.0K |
| YoY Change | 94.52% | 0.0% |
| Inventory | $1.007M | $1.100M |
| Prepaid Expenses | ||
| Receivables | $79.00K | $30.00K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $12.77M | $4.160M |
| YoY Change | 207.02% | -27.02% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $948.0K | $1.270M |
| YoY Change | -25.35% | 47.67% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $948.0K | $1.270M |
| YoY Change | -25.35% | 49.41% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $12.77M | $4.160M |
| Total Long-Term Assets | $948.0K | $1.270M |
| Total Assets | $13.72M | $5.430M |
| YoY Change | 152.67% | -17.1% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $267.0K | $440.0K |
| YoY Change | -39.32% | 51.72% |
| Accrued Expenses | $550.0K | $320.0K |
| YoY Change | 71.88% | -59.49% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $49.00K | $110.0K |
| YoY Change | -55.45% | -15.38% |
| Total Short-Term Liabilities | $866.0K | $870.0K |
| YoY Change | -0.46% | -28.1% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $700.0K | |
| YoY Change | 311.76% | |
| Other Long-Term Liabilities | $562.0K | $730.0K |
| YoY Change | -23.01% | 2333.33% |
| Total Long-Term Liabilities | $0.00 | $1.430M |
| YoY Change | -100.0% | 615.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $866.0K | $870.0K |
| Total Long-Term Liabilities | $0.00 | $1.430M |
| Total Liabilities | $1.428M | $2.290M |
| YoY Change | -37.64% | 62.41% |
| 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 | $12.29M | $3.130M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $13.72M | $5.430M |
| YoY Change | 152.67% | -17.1% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.253M | -$1.920M |
| YoY Change | 17.34% | -25.87% |
| Depreciation, Depletion And Amortization | $78.00K | $70.00K |
| YoY Change | 11.43% | -30.0% |
| Cash From Operating Activities | -$2.032M | -$1.930M |
| YoY Change | 5.28% | -11.47% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | -$50.00K |
| YoY Change | -100.0% | 400.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | $0.00 | -$40.00K |
| YoY Change | -100.0% | 300.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -14.00K | -30.00K |
| YoY Change | -53.33% | -100.84% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.032M | -1.930M |
| Cash From Investing Activities | 0.000 | -40.00K |
| Cash From Financing Activities | -14.00K | -30.00K |
| Net Change In Cash | -2.046M | -2.000M |
| YoY Change | 2.3% | -244.93% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.032M | -$1.930M |
| Capital Expenditures | $0.00 | -$50.00K |
| Free Cash Flow | -$2.032M | -$1.880M |
| YoY Change | 8.09% | -13.36% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
USD | |
| CY2021Q3 | snes |
Payroll Protection Program Loan Forgiveness
PayrollProtectionProgramLoanForgiveness
|
USD | |
| CY2020Q3 | snes |
Payroll Protection Program Loan Forgiveness
PayrollProtectionProgramLoanForgiveness
|
USD | |
| snes |
Deemed Dividendwarrant Price Protectionrevaluation Adjustment
DeemedDividendwarrantPriceProtectionrevaluationAdjustment
|
USD | ||
| snes |
Issuance Costs Of Common Stock For Service
IssuanceCostsOfCommonStockForService
|
USD | ||
| snes |
Stock Issued During Period Value Of Issuance Of Common Stock For Fractional Shares201 Reverse Split
StockIssuedDuringPeriodValueOfIssuanceOfCommonStockForFractionalShares201ReverseSplit
|
USD | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001680378 | ||
| CY2021Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
| snes |
Payroll Protection Program Loan Forgiveness
PayrollProtectionProgramLoanForgiveness
|
USD | ||
| CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
USD | |
| CY2021Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
USD | |
| CY2021Q3 | snes |
Deemed Dividendwarrant Price Protectionrevaluation Adjustment
DeemedDividendwarrantPriceProtectionrevaluationAdjustment
|
USD | |
| CY2020Q3 | snes |
Deemed Dividendwarrant Price Protectionrevaluation Adjustment
DeemedDividendwarrantPriceProtectionrevaluationAdjustment
|
USD | |
| snes |
Paycheck Protection Program Loan Forgiveness
PaycheckProtectionProgramLoanForgiveness
|
USD | ||
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
USD | ||
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
USD | ||
| us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | ||
| snes |
Proceeds From Exercise Of Warrants
ProceedsFromExerciseOfWarrants
|
USD | ||
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
USD | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | ||
| snes |
Forgiveness Of Accrual In Warrant Exercise
ForgivenessOfAccrualInWarrantExercise
|
USD | ||
| snes |
Deemed Dividends
DeemedDividends
|
USD | ||
| CY2020Q4 | snes |
Nasdaq Fees
NasdaqFees
|
USD | |
| CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
|||
| CY2021Q3 | snes |
Research Project Agreement
ResearchProjectAgreement
|
USD | |
| CY2021Q3 | snes |
Personal Property And Franchise Taxs
PersonalPropertyAndFranchiseTaxs
|
USD | |
| CY2021Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
USD | |
| CY2021Q1 | snes |
Aggregate Shares Of Common Stock
AggregateSharesOfCommonStock
|
700680499 | shares |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
|||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
USD | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
USD | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
|||
| snes |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageIntrinsicValue
|
|||
| snes |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageIntrinsicValue
|
|||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
shares | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
|||
| snes |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageIntrinsicValue
|
|||
| snes |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageIntrinsicValue
|
|||
| CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
| CY2021Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
USD | |
| CY2021Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
USD | |
| CY2021Q3 | us-gaap |
Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
|
USD | |
| CY2021Q3 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
USD |
