2021 Q4 Form 10-Q Financial Statement
#000149315222003411 Filed on February 08, 2022
Income Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| Revenue | $129.8K | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.079M | $2.000M |
| YoY Change | 3.94% | 19.76% |
| % of Gross Profit | ||
| Research & Development | $4.266M | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $3.210K | $0.00 |
| YoY Change | -100.0% | |
| % of Gross Profit | ||
| Operating Expenses | $6.345M | $0.00 |
| YoY Change | -100.0% | |
| Operating Profit | -$6.215M | |
| YoY Change | ||
| Interest Expense | $13.97K | -$10.00K |
| YoY Change | -239.7% | -92.31% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$6.201M | -$5.880M |
| YoY Change | 5.46% | -24.9% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$6.201M | -$5.877M |
| YoY Change | 5.51% | -32.83% |
| Net Earnings / Revenue | -4777.34% | |
| Basic Earnings Per Share | -$1.44 | |
| Diluted Earnings Per Share | -$102.8K | -$341.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.307M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $19.41M | $2.350M |
| YoY Change | 725.95% | 370.0% |
| Cash & Equivalents | $19.41M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $1.174M | $350.0K |
| YoY Change | 235.44% | 40.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $20.58M | $2.700M |
| YoY Change | 662.36% | 130.77% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $156.8K | $250.0K |
| YoY Change | -37.27% | -98.55% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $80.00K | |
| YoY Change | -46.67% | |
| Total Long-Term Assets | $156.8K | $330.0K |
| YoY Change | -52.48% | -98.91% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $20.58M | $2.700M |
| Total Long-Term Assets | $156.8K | $330.0K |
| Total Assets | $20.74M | $3.030M |
| YoY Change | 584.51% | -90.39% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.112M | $2.260M |
| YoY Change | -6.54% | -46.57% |
| Accrued Expenses | $1.845M | $2.530M |
| YoY Change | -27.07% | -65.06% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $750.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.345M | $5.290M |
| YoY Change | -17.87% | -70.77% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $130.0K |
| YoY Change | -100.0% | -81.69% |
| Other Long-Term Liabilities | $5.000K | $100.0K |
| YoY Change | -95.0% | -99.37% |
| Total Long-Term Liabilities | $5.000K | $230.0K |
| YoY Change | -97.83% | -98.61% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.345M | $5.290M |
| Total Long-Term Liabilities | $5.000K | $230.0K |
| Total Liabilities | $4.350M | $5.520M |
| YoY Change | -21.2% | -84.29% |
| 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 | $16.39M | -$2.487M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $20.74M | $3.030M |
| YoY Change | 584.51% | -90.39% |
Cashflow Statement
| Concept | 2021 Q4 | 2020 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$6.201M | -$5.877M |
| YoY Change | 5.51% | -32.83% |
| Depreciation, Depletion And Amortization | $3.210K | $0.00 |
| YoY Change | -100.0% | |
| Cash From Operating Activities | -$8.092M | -$4.980M |
| YoY Change | 62.5% | 408.16% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$120.0K | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$120.0K | |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -20.00K | |
| YoY Change | -100.67% | |
| NET CHANGE | ||
| Cash From Operating Activities | -8.092M | -4.980M |
| Cash From Investing Activities | -120.0K | |
| Cash From Financing Activities | -20.00K | |
| Net Change In Cash | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$8.092M | -$4.980M |
| Capital Expenditures | -$120.0K | $0.00 |
| Free Cash Flow | -$7.972M | -$4.980M |
| YoY Change | 60.09% | 403.03% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
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| CY2021Q4 | us-gaap |
Preferred Stock Value
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|
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| CY2020Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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| CY2020Q4 | SONN |
Shares Issued On Net Share Settlement Of Warrants
SharesIssuedOnNetShareSettlementOfWarrants
|
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| CY2020Q4 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
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| CY2021Q4 | SONN |
Noncash Contribution Expenses
NoncashContributionExpenses
|
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| CY2020Q4 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
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| CY2020Q4 | us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
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| CY2020Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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| CY2021Q4 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
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| CY2021Q4 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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| CY2021Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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