2023 Q2 Form 10-Q Financial Statement

#000121390023039573 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $1.575M
YoY Change
Cost Of Revenue $1.351M $1.000M $28.24K
YoY Change 1930.88% 3441.78% -87.14%
Gross Profit $224.2K $511.2K -$28.24K
YoY Change -436.94% -1910.13% -87.14%
Gross Profit Margin 14.23%
Selling, General & Admin $1.983M $1.417M $52.22K
YoY Change 1815.99% 2613.44% -35.11%
% of Gross Profit 884.64% 277.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $308.6K $2.280K $2.310K
YoY Change 13435.96% -1.3% -68.53%
% of Gross Profit 137.68% 0.45%
Operating Expenses $1.983M $2.057M $80.46K
YoY Change 1066.3% 2456.76% -73.19%
Operating Profit -$1.759M -$1.546M -$108.7K
YoY Change 643.53% 1322.21% -79.08%
Interest Expense -$91.53K $67.70K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$91.53K $52.75K $35.00
YoY Change -315731.03% 150605.71% 59.09%
Pretax Income -$1.850M -$2.004M -$80.42K
YoY Change 988.48% 2392.28% -73.2%
Income Tax
% Of Pretax Income
Net Earnings -$1.850M -$2.004M -$80.42K
YoY Change 988.48% 2392.28% -73.2%
Net Earnings / Revenue -117.46%
Basic Earnings Per Share $0.00 -$0.03 $0.00
Diluted Earnings Per Share $0.00 -$0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 146.2M shares 53.89M shares 37.85M shares
Diluted Shares Outstanding 61.71M shares 37.85M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.1K $448.5K $346.9K
YoY Change 62.04% 29.31% 9.49%
Cash & Equivalents $423.1K $448.5K $346.9K
Short-Term Investments
Other Short-Term Assets $1.383M $8.680K $2.290K
YoY Change 60309.17% 279.04% 0.0%
Inventory $2.608M
Prepaid Expenses
Receivables $1.070M
Other Receivables $0.00
Total Short-Term Assets $5.485M $5.457M $349.2K
YoY Change 1982.66% 1462.96% 9.42%
LONG-TERM ASSETS
Property, Plant & Equipment $436.5K $9.120K $18.24K
YoY Change 2635.53% -49.99% -42.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $4.208M $9.120K $18.24K
YoY Change 26271.21% -49.99% -87.64%
TOTAL ASSETS
Total Short-Term Assets $5.485M $5.457M $349.2K
Total Long-Term Assets $4.208M $9.120K $18.24K
Total Assets $9.693M $5.466M $367.4K
YoY Change 3370.13% 1387.86% -21.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.76K $114.1K
YoY Change -43.17% 10.26%
Accrued Expenses $2.131M $5.700K $19.20K
YoY Change 10193.86% -70.31% -97.93%
Deferred Revenue
YoY Change
Short-Term Debt $6.188M $5.000M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.372M $5.119M $278.3K
YoY Change 3678.11% 1739.69% -77.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $500.0K $0.00
YoY Change
Total Long-Term Liabilities $500.0K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.372M $5.119M $278.3K
Total Long-Term Liabilities $500.0K $0.00 $0.00
Total Liabilities $8.872M $5.119M $278.3K
YoY Change 3903.85% 1739.69% -77.31%
SHAREHOLDERS EQUITY
Retained Earnings -$19.10M -$12.70M -$8.558M
YoY Change 118.85% 48.34% 17.34%
Common Stock $14.62K $6.544K $3.785K
YoY Change 283.7% 72.89% -99.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $26.00K
YoY Change
Treasury Stock Shares
Shareholders Equity $821.6K $347.4K $89.15K
YoY Change
Total Liabilities & Shareholders Equity $9.693M $5.466M $367.4K
YoY Change 3370.13% 1387.86% -21.27%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.850M -$2.004M -$80.42K
YoY Change 988.48% 2392.28% -73.2%
Depreciation, Depletion And Amortization $308.6K $2.280K $2.310K
YoY Change 13435.96% -1.3% -68.53%
Cash From Operating Activities -$10.34M -$336.6K -$58.91K
YoY Change 6451.67% 471.51% -25.34%
INVESTING ACTIVITIES
Capital Expenditures $736.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.228M -$2.000M $0.00
YoY Change
Cash From Investing Activities $492.5K -$2.000M
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 9.825M $1.434M
YoY Change 13530.04%
NET CHANGE
Cash From Operating Activities -10.34M -$336.6K -$58.91K
Cash From Investing Activities 492.5K -$2.000M
Cash From Financing Activities 9.825M $1.434M
Net Change In Cash -25.49K -$902.8K -$58.91K
YoY Change -70.28% 1432.67% -137.73%
FREE CASH FLOW
Cash From Operating Activities -$10.34M -$336.6K -$58.91K
Capital Expenditures $736.0K
Free Cash Flow -$11.08M -$336.6K -$58.91K
YoY Change 471.51%

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses. The Company regularly evaluates estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates made by management.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p>
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.002
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37849405 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61705851 shares
CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2023Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
usd
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2022Q1 avmr Proceeds From Securities Offering
ProceedsFromSecuritiesOffering
usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
usd
CY2022Q1 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023Q1 us-gaap Interest Paid
InterestPaid
usd
CY2023Q1 avmr Related Party Note Payable Converted To Common Stock
RelatedPartyNotePayableConvertedToCommonStock
usd
CY2022Q1 avmr Related Party Note Payable Converted To Common Stock
RelatedPartyNotePayableConvertedToCommonStock
usd
CY2023Q1 us-gaap Stock Issued1
StockIssued1
usd
CY2022Q1 us-gaap Stock Issued1
StockIssued1
usd
CY2023Q1 avmr Reduction Of Account Payable And Equipment
ReductionOfAccountPayableAndEquipment
usd
CY2022Q1 avmr Reduction Of Account Payable And Equipment
ReductionOfAccountPayableAndEquipment
usd
CY2022Q3 avmr Raising Amount
RaisingAmount
3225156 usd
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001676163

Files In Submission

Name View Source Status
0001213900-23-039573-index-headers.html Edgar Link pending
0001213900-23-039573-index.html Edgar Link pending
0001213900-23-039573.txt Edgar Link pending
0001213900-23-039573-xbrl.zip Edgar Link pending
avmr-20230331.xsd Edgar Link pending
avmr-20230331_cal.xml Edgar Link unprocessable
avmr-20230331_def.xml Edgar Link unprocessable
avmr-20230331_lab.xml Edgar Link unprocessable
avmr-20230331_pre.xml Edgar Link unprocessable
f10q0323ex31-1_ssinnova.htm Edgar Link pending
f10q0323ex31-2_ssinnova.htm Edgar Link pending
f10q0323ex32-1_ssinnova.htm Edgar Link pending
f10q0323ex32-2_ssinnova.htm Edgar Link pending
f10q0323_ssinnovations.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
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R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
f10q0323_ssinnovations_htm.xml Edgar Link completed