2023 Q4 Form 10-Q Financial Statement

#000162828023038343 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $295.0K $360.0K
YoY Change -0.67% 44.0%
Cost Of Revenue $166.0K $184.0K
YoY Change -8.29% 43.75%
Gross Profit $129.0K $176.0K
YoY Change 11.21% 44.26%
Gross Profit Margin 43.73% 48.89%
Selling, General & Admin $1.784M $1.748M
YoY Change -1.22% -23.63%
% of Gross Profit 1382.95% 993.18%
Research & Development $81.00K $379.0K
YoY Change -81.38% -16.15%
% of Gross Profit 62.79% 215.34%
Depreciation & Amortization $31.00K $34.00K
YoY Change -11.43% -2.86%
% of Gross Profit 24.03% 19.32%
Operating Expenses $1.865M $2.127M
YoY Change -17.7% -22.4%
Operating Profit -$1.736M -$1.951M
YoY Change -19.26% -25.51%
Interest Expense $3.000K $4.000K
YoY Change 50.0% 300.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $4.000K
YoY Change -114.81%
Pretax Income -$1.733M -$1.947M
YoY Change -19.32% -26.42%
Income Tax
% Of Pretax Income
Net Earnings -$1.733M -$1.947M
YoY Change -19.32% -26.42%
Net Earnings / Revenue -587.46% -540.83%
Basic Earnings Per Share -$0.47
Diluted Earnings Per Share -$0.90 -$0.47
COMMON SHARES
Basic Shares Outstanding 3.631M shares 2.964M shares
Diluted Shares Outstanding 4.177M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.395M $2.145M
YoY Change 12.98% -23.17%
Cash & Equivalents $5.400M $2.100M
Short-Term Investments
Other Short-Term Assets $388.0K $385.0K
YoY Change 2.65% -9.62%
Inventory $795.0K $703.0K
Prepaid Expenses $388.0K $385.0K
Receivables $95.00K $83.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.673M $3.316M
YoY Change 9.05% -22.14%
LONG-TERM ASSETS
Property, Plant & Equipment $388.0K $313.0K
YoY Change 31.97% -2.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.00K $22.00K
YoY Change 0.0%
Total Long-Term Assets $620.0K $552.0K
YoY Change -6.49% -22.36%
TOTAL ASSETS
Total Short-Term Assets $6.673M $3.316M
Total Long-Term Assets $620.0K $552.0K
Total Assets $7.293M $3.868M
YoY Change 7.53% -22.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $150.0K $147.0K
YoY Change -72.22% -69.12%
Accrued Expenses $368.0K $671.0K
YoY Change -34.29% -32.02%
Deferred Revenue $18.00K $15.00K
YoY Change -59.09%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.00K $9.000K
YoY Change
Total Short-Term Liabilities $786.0K $1.034M
YoY Change -40.63% -31.57%
LONG-TERM LIABILITIES
Long-Term Debt $156.0K $44.00K
YoY Change
Other Long-Term Liabilities $0.00 $34.00K
YoY Change -100.0% -91.54%
Total Long-Term Liabilities $156.0K $78.00K
YoY Change -12.85% -80.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $786.0K $1.034M
Total Long-Term Liabilities $156.0K $78.00K
Total Liabilities $942.0K $1.112M
YoY Change -37.33% -41.87%
SHAREHOLDERS EQUITY
Retained Earnings -$129.9M -$128.2M
YoY Change 6.3% 6.78%
Common Stock $5.000K $3.000K
YoY Change 400.0% -75.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.351M $2.756M
YoY Change
Total Liabilities & Shareholders Equity $7.293M $3.868M
YoY Change 7.53% -22.17%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$1.733M -$1.947M
YoY Change -19.32% -26.42%
Depreciation, Depletion And Amortization $31.00K $34.00K
YoY Change -11.43% -2.86%
Cash From Operating Activities -$2.019M -$1.787M
YoY Change -8.64% -19.47%
INVESTING ACTIVITIES
Capital Expenditures $35.00K $94.00K
YoY Change -10.26% 754.55%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$35.00K -$94.00K
YoY Change 0.0% -954.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.304M 1.831M
YoY Change 25.45%
NET CHANGE
Cash From Operating Activities -2.019M -1.787M
Cash From Investing Activities -35.00K -94.00K
Cash From Financing Activities 5.304M 1.831M
Net Change In Cash 3.250M -50.00K
YoY Change 63.89% -97.74%
FREE CASH FLOW
Cash From Operating Activities -$2.019M -$1.787M
Capital Expenditures $35.00K $94.00K
Free Cash Flow -$2.054M -$1.881M
YoY Change -8.67% -15.65%

Facts In Submission

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<div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and classification of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The significant estimates in our financial statements include the valuation of inventory, common stock warrants, and stock-based awards, such as stock options and restricted stock units. Actual results could differ from such estimates.</span></div>
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q3 us-gaap Operating Lease Liability
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Stockholders Equity
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CY2023Q3 snes Stock Issued During Period Value Warrants Modified
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
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snes Class Of Warrant Or Right Exercised
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CY2023Q3 snes Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Exercised
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CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
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CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
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false

Files In Submission

Name View Source Status
snes-20230930_cal.xml Edgar Link unprocessable
0001628280-23-038343-index-headers.html Edgar Link pending
0001628280-23-038343-index.html Edgar Link pending
0001628280-23-038343.txt Edgar Link pending
0001628280-23-038343-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
snes-20230930.htm Edgar Link pending
snes-20230930.xsd Edgar Link pending
snes-20230930xex311.htm Edgar Link pending
snes-20230930xex312.htm Edgar Link pending
snes-20230930xex321.htm Edgar Link pending
snes-20230930xex322.htm Edgar Link pending
snes-20230930_def.xml Edgar Link unprocessable
snes-20230930_lab.xml Edgar Link unprocessable
snes-20230930_pre.xml Edgar Link unprocessable
snes-20230930_htm.xml Edgar Link completed