2021 Q4 Form 10-K Financial Statement

#000121390022015848 Filed on March 29, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $169.0K $600.0K $70.00K
YoY Change 141.43% 130.77% 16.67%
Cost Of Revenue $81.00K $356.0K $180.0K
YoY Change -55.0% 27.14% 350.0%
Gross Profit $88.00K $244.0K -$100.0K
YoY Change -188.0% -1320.0% -600.0%
Gross Profit Margin 52.07% 40.67% -142.86%
Selling, General & Admin $2.051M $7.224M $1.400M
YoY Change 46.5% 12.17% -44.22%
% of Gross Profit 2330.68% 2960.66%
Research & Development $530.0K $1.954M $590.0K
YoY Change -10.17% 31.14% 7.27%
% of Gross Profit 602.27% 800.82%
Depreciation & Amortization $74.00K $303.0K $70.00K
YoY Change 5.71% 4.48% -30.0%
% of Gross Profit 84.09% 124.18%
Operating Expenses $2.581M $9.178M $1.980M
YoY Change 30.35% 15.74% -35.5%
Operating Profit -$2.493M -$8.934M -$2.080M
YoY Change 19.86% 12.38% -31.8%
Interest Expense -$2.000K -$7.000K -$10.00K
YoY Change -80.0% -76.67% 0.0%
% of Operating Profit
Other Income/Expense, Net -$22.00K $0.00
YoY Change -100.0%
Pretax Income -$2.494M -$8.268M -$2.070M
YoY Change 20.48% 4.13% -25.54%
Income Tax
% Of Pretax Income
Net Earnings -$2.494M -$8.268M -$2.070M
YoY Change 20.48% 4.13% -25.54%
Net Earnings / Revenue -1475.74% -1378.0% -2957.14%
Basic Earnings Per Share -$14.77
Diluted Earnings Per Share -$204.1K -$738.8K -$487.1K
COMMON SHARES
Basic Shares Outstanding 559.6K shares
Diluted Shares Outstanding 559.6K shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.326M $9.326M $3.640M
YoY Change 156.21% 156.21% 87.63%
Cash & Equivalents $9.326M $3.643M
Short-Term Investments
Other Short-Term Assets $252.0K $252.0K $210.0K
YoY Change 20.0% 20.0% -25.0%
Inventory $1.001M $1.001M $950.0K
Prepaid Expenses $230.0K
Receivables $77.00K $77.00K $30.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.66M $10.66M $4.820M
YoY Change 121.08% 121.08% 36.16%
LONG-TERM ASSETS
Property, Plant & Equipment $334.0K $845.0K $1.200M
YoY Change -72.17% -29.58% -16.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.00K $22.00K
YoY Change
Total Long-Term Assets $845.0K $845.0K $1.200M
YoY Change -29.58% -29.58% -16.67%
TOTAL ASSETS
Total Short-Term Assets $10.66M $10.66M $4.820M
Total Long-Term Assets $845.0K $845.0K $1.200M
Total Assets $11.50M $11.50M $6.020M
YoY Change 91.05% 91.05% 20.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $333.0K $333.0K $400.0K
YoY Change -16.75% -16.75% 48.15%
Accrued Expenses $578.0K $578.0K $290.0K
YoY Change 99.31% 99.31% -75.63%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $32.00K $32.00K $100.0K
YoY Change -68.0% -68.0% -16.67%
Total Short-Term Liabilities $943.0K $943.0K $790.0K
YoY Change 19.37% 19.37% -50.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $670.0K
YoY Change -100.0% -100.0% 378.57%
Other Long-Term Liabilities $523.0K $523.0K $670.0K
YoY Change -21.94% -21.94% -2.9%
Total Long-Term Liabilities $523.0K $523.0K $1.340M
YoY Change -60.97% -60.97% 61.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $943.0K $943.0K $790.0K
Total Long-Term Liabilities $523.0K $523.0K $1.340M
Total Liabilities $1.466M $1.466M $2.140M
YoY Change -31.5% -31.5% -11.2%
SHAREHOLDERS EQUITY
Retained Earnings -$112.5M
YoY Change
Common Stock $12.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.04M $10.04M $3.884M
YoY Change
Total Liabilities & Shareholders Equity $11.50M $11.50M $6.020M
YoY Change 91.05% 91.05% 20.88%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$2.494M -$8.268M -$2.070M
YoY Change 20.48% 4.13% -25.54%
Depreciation, Depletion And Amortization $74.00K $303.0K $70.00K
YoY Change 5.71% 4.48% -30.0%
Cash From Operating Activities -$1.746M -$7.779M -$1.610M
YoY Change 8.45% 9.41% -18.27%
INVESTING ACTIVITIES
Capital Expenditures -$16.00K -$100.0K -$60.00K
YoY Change -73.33% -9.09% 500.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000K $10.00K
YoY Change -100.0% -98.0%
Cash From Investing Activities -$16.00K -$99.00K -$70.00K
YoY Change -77.14% 41.43% 600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.000K 13.56M 2.600M
YoY Change -99.81% 52.71% -8766.67%
NET CHANGE
Cash From Operating Activities -1.746M -7.779M -1.610M
Cash From Investing Activities -16.00K -99.00K -70.00K
Cash From Financing Activities 5.000K 13.56M 2.600M
Net Change In Cash -1.757M 5.683M 920.0K
YoY Change -290.98% 234.29% -145.77%
FREE CASH FLOW
Cash From Operating Activities -$1.746M -$7.779M -$1.610M
Capital Expenditures -$16.00K -$100.0K -$60.00K
Free Cash Flow -$1.730M -$7.679M -$1.550M
YoY Change 11.61% 9.7% -20.92%

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