2022 Q1 Form 10-K Financial Statement
#000117152022000333 Filed on May 24, 2022
Income Statement
| Concept | 2022 Q1 | 2022 |
|---|---|---|
| Revenue | $4.998M | $17.13M |
| YoY Change | 21.91% | 15.5% |
| Cost Of Revenue | $2.443M | $8.520M |
| YoY Change | 10.52% | 8.73% |
| Gross Profit | $2.556M | $8.613M |
| YoY Change | 35.95% | 23.09% |
| Gross Profit Margin | 51.13% | 50.27% |
| Selling, General & Admin | $1.463M | $4.994M |
| YoY Change | 50.78% | 24.47% |
| % of Gross Profit | 57.23% | 57.98% |
| Research & Development | $486.0K | $1.730M |
| YoY Change | 21.5% | 5.16% |
| % of Gross Profit | 19.02% | 20.08% |
| Depreciation & Amortization | $101.8K | $435.5K |
| YoY Change | -7.42% | -5.95% |
| % of Gross Profit | 3.98% | 5.06% |
| Operating Expenses | $1.949M | $6.723M |
| YoY Change | 41.2% | 18.86% |
| Operating Profit | $607.3K | $1.889M |
| YoY Change | 21.45% | 40.95% |
| Interest Expense | -$3.870K | $9.500K |
| YoY Change | -80.65% | -154.98% |
| % of Operating Profit | -0.64% | 0.5% |
| Other Income/Expense, Net | $0.00 | |
| YoY Change | -100.0% | |
| Pretax Income | $603.4K | $2.904M |
| YoY Change | 25.71% | 115.47% |
| Income Tax | $47.57K | $361.6K |
| % Of Pretax Income | 7.88% | 12.45% |
| Net Earnings | $555.8K | $2.543M |
| YoY Change | 23.52% | 126.89% |
| Net Earnings / Revenue | 11.12% | 14.84% |
| Basic Earnings Per Share | $0.16 | |
| Diluted Earnings Per Share | $35.23K | $162.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 15.59M shares | |
| Diluted Shares Outstanding | 15.62M shares |
Balance Sheet
| Concept | 2022 Q1 | 2022 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.71M | $10.71M |
| YoY Change | 23.8% | 23.83% |
| Cash & Equivalents | $4.841M | $4.841M |
| Short-Term Investments | $5.868M | $5.868M |
| Other Short-Term Assets | $323.3K | $323.3K |
| YoY Change | 115.53% | 113.65% |
| Inventory | $2.373M | $2.373M |
| Prepaid Expenses | ||
| Receivables | $1.093M | $1.093M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $14.50M | $14.50M |
| YoY Change | 10.08% | 10.1% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.811M | $2.811M |
| YoY Change | -3.06% | -3.07% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $76.02K | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $240.7K | $240.7K |
| YoY Change | -7.41% | -7.35% |
| Total Long-Term Assets | $3.128M | $3.128M |
| YoY Change | -3.76% | -3.92% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $14.50M | $14.50M |
| Total Long-Term Assets | $3.128M | $3.128M |
| Total Assets | $17.63M | $17.63M |
| YoY Change | 7.34% | 7.32% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $684.5K | $684.5K |
| YoY Change | -46.94% | -47.12% |
| Accrued Expenses | $1.804M | $1.804M |
| YoY Change | 3.09% | 3.03% |
| Deferred Revenue | $1.168M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.715M | $3.715M |
| YoY Change | -12.99% | -12.9% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.715M | $3.715M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $3.884M | $3.884M |
| YoY Change | -28.99% | -29.03% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $4.274M | |
| YoY Change | ||
| Common Stock | $157.3K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $13.74M | $13.74M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $17.63M | $17.63M |
| YoY Change | 7.34% | 7.32% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
| CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
USD | |
| CY2021 | sotk |
Gain From Forgiveness Of Paycheck Protection Program Loan
GainFromForgivenessOfPaycheckProtectionProgramLoan
|
USD | |
| CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2021 | us-gaap |
Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
|
USD | |
| CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
USD | |
| CY2022 | sotk |
Proceeds From Capital Expenditure Grant
ProceedsFromCapitalExpenditureGrant
|
USD | |
| CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
| CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
USD | |
| CY2022 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y |
