2021 Q3 Form 10-Q Financial Statement
#000149315221028701 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $8.313M | $2.610M |
| YoY Change | 218.51% | 161.0% |
| Cost Of Revenue | $1.804M | $880.0K |
| YoY Change | 105.0% | 175.0% |
| Gross Profit | $6.509M | $1.730M |
| YoY Change | 276.24% | 154.41% |
| Gross Profit Margin | 78.3% | 66.28% |
| Selling, General & Admin | $7.741M | $3.870M |
| YoY Change | 100.03% | -28.2% |
| % of Gross Profit | 118.93% | 223.7% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $366.0K | $340.0K |
| YoY Change | 7.65% | 13.33% |
| % of Gross Profit | 5.62% | 19.65% |
| Operating Expenses | $8.107M | $4.210M |
| YoY Change | 92.57% | -21.89% |
| Operating Profit | -$1.598M | -$2.480M |
| YoY Change | -35.56% | -47.35% |
| Interest Expense | -$4.270M | -$4.100M |
| YoY Change | 4.15% | -166.99% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.265M | $10.00K |
| YoY Change | 12550.0% | |
| Pretax Income | -$4.603M | -$6.570M |
| YoY Change | -29.94% | -565.96% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.829M | -$6.570M |
| YoY Change | -41.72% | -565.96% |
| Net Earnings / Revenue | -46.06% | -251.72% |
| Basic Earnings Per Share | -$0.15 | |
| Diluted Earnings Per Share | -$153.0K | -$453.7K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 25.02M shares | |
| Diluted Shares Outstanding | 25.02M shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $31.30M | $7.250M |
| YoY Change | 331.71% | 155.28% |
| Cash & Equivalents | $6.823M | $2.450M |
| Short-Term Investments | $24.48M | $4.800M |
| Other Short-Term Assets | $998.0K | $330.0K |
| YoY Change | 202.42% | -71.79% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.376M | $1.260M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $33.67M | $8.840M |
| YoY Change | 280.92% | 68.38% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $440.0K | $520.0K |
| YoY Change | -15.38% | -17.46% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $36.00K | $20.00K |
| YoY Change | 80.0% | -84.62% |
| Total Long-Term Assets | $26.64M | $26.30M |
| YoY Change | 1.3% | 43.87% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $33.67M | $8.840M |
| Total Long-Term Assets | $26.64M | $26.30M |
| Total Assets | $60.32M | $35.14M |
| YoY Change | 71.64% | 49.34% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $3.932M | $2.420M |
| YoY Change | 62.48% | 52.2% |
| Accrued Expenses | $124.0K | $90.00K |
| YoY Change | 37.78% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $550.0K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $1.065M | $3.680M |
| YoY Change | -71.06% | |
| Total Short-Term Liabilities | $26.54M | $13.50M |
| YoY Change | 96.61% | 106.11% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $3.330M |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $148.0K | $280.0K |
| YoY Change | -47.14% | -6.67% |
| Total Long-Term Liabilities | $148.0K | $3.610M |
| YoY Change | -95.9% | 1103.33% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $26.54M | $13.50M |
| Total Long-Term Liabilities | $148.0K | $3.610M |
| Total Liabilities | $37.43M | $17.24M |
| YoY Change | 117.12% | 151.68% |
| 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 | $22.88M | $17.90M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $60.32M | $35.14M |
| YoY Change | 71.64% | 49.34% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.829M | -$6.570M |
| YoY Change | -41.72% | -565.96% |
| Depreciation, Depletion And Amortization | $366.0K | $340.0K |
| YoY Change | 7.65% | 13.33% |
| Cash From Operating Activities | -$6.004M | -$5.160M |
| YoY Change | 16.36% | 26.78% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$202.0K | -$290.0K |
| YoY Change | -30.34% | -19.44% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $2.812M | -$690.0K |
| YoY Change | -507.54% | 305.88% |
| Cash From Investing Activities | $2.610M | -$980.0K |
| YoY Change | -366.33% | 84.91% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 157.0K | 3.970M |
| YoY Change | -96.05% | -19.96% |
| NET CHANGE | ||
| Cash From Operating Activities | -6.004M | -5.160M |
| Cash From Investing Activities | 2.610M | -980.0K |
| Cash From Financing Activities | 157.0K | 3.970M |
| Net Change In Cash | -3.237M | -2.170M |
| YoY Change | 49.17% | -702.78% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$6.004M | -$5.160M |
| Capital Expenditures | -$202.0K | -$290.0K |
| Free Cash Flow | -$5.802M | -$4.870M |
| YoY Change | 19.14% | 31.27% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
USD | ||
| us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | ||
| us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Notes Reduction
NotesReduction
|
USD | ||
| SRAX |
Designation Of Marketable Securities For Dividend Distribution
DesignationOfMarketableSecuritiesForDividendDistribution
|
USD | ||
| SRAX |
Dividends On Preferred Stock
DividendsOnPreferredStock
|
USD | ||
| SRAX |
Vesting Of Common Stock Award
VestingOfCommonStockAward
|
USD | ||
| SRAX |
Shares Issued To Settle Liability
SharesIssuedToSettleLiability
|
USD | ||
| SRAX |
Relative Fair Value Of Warrants Issued With Term Loan
RelativeFairValueOfWarrantsIssuedWithTermLoan
|
USD | ||
| SRAX |
Derivative Liabilities Transferred To Equity
DerivativeLiabilitiesTransferredToEquity
|
USD | ||
| us-gaap |
Stock Issued1
StockIssued1
|
USD | ||
| SRAX |
Shares Of Common Stock Issued For Extension Agreement
SharesOfCommonStockIssuedForExtensionAgreement
|
USD | ||
| SRAX |
Fair Value Of Warrants Issued For Debt Financings
FairValueOfWarrantsIssuedForDebtFinancings
|
USD | ||
| SRAX |
Premium On Debt Financings
PremiumOnDebtFinancings
|
USD | ||
| SRAX |
Original Issue Discount Recorded On Oid Convertible Debentures
OriginalIssueDiscountRecordedOnOidConvertibleDebentures
|
USD | ||
| SRAX |
Payables Converted Into Convertible Notes Payable
PayablesConvertedIntoConvertibleNotesPayable
|
USD | ||
| SRAX |
Shares Of Common Stock Issued For Acquisition Of Ld Micro
SharesOfCommonStockIssuedForAcquisitionOfLdMicro
|
USD | ||
| SRAX |
Repayments Of Short Term Notes Payable
RepaymentsOfShortTermNotesPayable
|
USD | ||
| SRAX |
Proceeds From Issuance Of Shortterm Notes Payable Less Issuance Cost
ProceedsFromIssuanceOfShorttermNotesPayableLessIssuanceCost
|
USD | ||
| CY2020Q4 | SRAX |
Designated Assets For Return Of Capital
DesignatedAssetsForReturnOfCapital
|
USD | |
| CY2020Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
USD | |
| CY2021Q3 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
USD | |
| CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
USD | |
| CY2020Q3 | us-gaap |
Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
|
USD | |
| CY2020Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
USD | |
| us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
USD | ||
| CY2020Q3 | SRAX |
Unrealized Loss On Designated Assets
UnrealizedLossOnDesignatedAssets
|
USD | |
| SRAX |
Unrealized Loss On Designated Assets
UnrealizedLossOnDesignatedAssets
|
USD | ||
| CY2020Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
USD | |
| us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
USD | ||
| CY2020Q3 | SRAX |
Gain Loss On Fair Value In Preferred Stock
GainLossOnFairValueInPreferredStock
|
USD | |
| SRAX |
Gain Loss On Fair Value In Preferred Stock
GainLossOnFairValueInPreferredStock
|
USD | ||
| CY2021Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
USD | |
| CY2020Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
USD | |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
USD | ||
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | ||
| CY2020Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
USD | ||
| SRAX |
Loss On Unrealized Designated Assets
LossOnUnrealizedDesignatedAssets
|
USD | ||
| SRAX |
Gain Loss On Realized Designated Assets
GainLossOnRealizedDesignatedAssets
|
USD | ||
| SRAX |
Forgiveness Of Payroll Protection Program Loan
ForgivenessOfPayrollProtectionProgramLoan
|
USD | ||
| us-gaap |
Interest Income Other
InterestIncomeOther
|
USD | ||
| us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
USD | ||
| SRAX |
Losses On Extinguishment Of Debt
LossesOnExtinguishmentOfDebt
|
USD | ||
| SRAX |
Recognition Of Beneficial Conversion Feature Fpvd Series B Preferred Stock
RecognitionOfBeneficialConversionFeatureFpvdSeriesBPreferredStock
|
USD | ||
| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | ||
| SRAX |
Gain Loss On Fair Value In Preferred Stock
GainLossOnFairValueInPreferredStock
|
USD | ||
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
USD | ||
| SRAX |
Marketable Securities Received For Accounts Receivable Previously Written Off
MarketableSecuritiesReceivedForAccountsReceivablePreviouslyWrittenOff
|
USD | ||
| SRAX |
Noncash Financing Expense
NoncashFinancingExpense
|
USD | ||
| SRAX |
Increase Decrease Deferred Revenues
IncreaseDecreaseDeferredRevenues
|
USD | ||
| us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
USD | ||
| SRAX |
Acquisition Of Ld Micro Net Of Cash Acquired
AcquisitionOfLdMicroNetOfCashAcquired
|
USD | ||
| us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
USD | ||
| us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
USD | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
USD | ||
| us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | ||
| us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD |
