2021 Q3 Form 10-Q Financial Statement
#000149315221029509 Filed on November 22, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| Revenue | $4.135M | $2.331M | $2.534M |
| YoY Change | 63.2% | 5.05% | 26.49% |
| Cost Of Revenue | $4.069M | $2.252M | $2.486M |
| YoY Change | 63.7% | 3.2% | 28.78% |
| Gross Profit | $66.35K | $78.89K | $48.33K |
| YoY Change | 37.29% | 115.49% | -34.0% |
| Gross Profit Margin | 1.6% | 3.38% | 1.91% |
| Selling, General & Admin | $77.25K | $70.67K | $26.72K |
| YoY Change | 189.11% | -96.64% | -98.6% |
| % of Gross Profit | 116.43% | 89.58% | 55.29% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $740.00 | $840.00 | $810.00 |
| YoY Change | -8.64% | -50.88% | -53.45% |
| % of Gross Profit | 1.12% | 1.06% | 1.68% |
| Operating Expenses | $86.50K | $88.67K | $46.46K |
| YoY Change | 86.18% | -95.81% | -97.59% |
| Operating Profit | -$20.15K | -$9.780K | $1.870K |
| YoY Change | -1177.54% | -99.53% | -100.1% |
| Interest Expense | -$50.51K | $4.820K | $93.00K |
| YoY Change | -154.31% | -99.9% | -101.84% |
| % of Operating Profit | 4973.26% | ||
| Other Income/Expense, Net | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Pretax Income | -$331.0K | $152.3K | $94.88K |
| YoY Change | -448.82% | -94.75% | -101.37% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | -$331.0K | $152.3K | $94.88K |
| YoY Change | -448.82% | -94.75% | -101.37% |
| Net Earnings / Revenue | -8.0% | 6.53% | 3.74% |
| Basic Earnings Per Share | -$0.08 | ||
| Diluted Earnings Per Share | -$80.21K | $43.28K | $27.66K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 4.126M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $37.47K | $47.06K | $20.68K |
| YoY Change | 81.19% | 1192.86% | -17.94% |
| Cash & Equivalents | $37.47K | $47.06K | |
| Short-Term Investments | |||
| Other Short-Term Assets | $4.490K | $13.46K | $4.400K |
| YoY Change | 2.05% | -94.86% | -83.72% |
| Inventory | $1.133M | $1.016M | $811.4K |
| Prepaid Expenses | |||
| Receivables | $220.00 | $220.00 | |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $1.175M | $1.076M | $836.7K |
| YoY Change | 40.48% | 31.31% | 44.32% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $30.75K | $42.20K | $46.31K |
| YoY Change | -33.6% | -28.56% | -26.91% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $30.74K | $42.20K | $46.31K |
| YoY Change | -33.62% | -28.56% | -26.91% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.175M | $1.076M | $836.7K |
| Total Long-Term Assets | $30.74K | $42.20K | $46.31K |
| Total Assets | $1.206M | $1.119M | $883.1K |
| YoY Change | 36.59% | 27.29% | 37.31% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $617.3K | $305.6K | |
| YoY Change | 101.97% | -48.76% | |
| Accrued Expenses | $14.19K | $12.62K | $12.12K |
| YoY Change | 17.08% | 17.5% | 17.56% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $71.00K | $98.50K | $42.50K |
| YoY Change | 67.06% | -89.82% | -96.49% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $702.5K | $427.2K | $675.3K |
| YoY Change | 4.03% | -91.5% | -93.59% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $180.3K | $150.0K | $150.0K |
| YoY Change | 20.17% | ||
| Other Long-Term Liabilities | $15.06K | $25.86K | $29.63K |
| YoY Change | -49.17% | -33.45% | -29.25% |
| Total Long-Term Liabilities | $195.3K | $175.9K | $179.6K |
| YoY Change | 8.73% | 352.55% | 328.92% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $702.5K | $427.2K | $675.3K |
| Total Long-Term Liabilities | $195.3K | $175.9K | $179.6K |
| Total Liabilities | $897.8K | $603.1K | $854.9K |
| YoY Change | 5.02% | -88.1% | -91.92% |
| 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 | $308.4K | $515.4K | $28.17K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.206M | $1.119M | $883.1K |
| YoY Change | 36.59% | 27.29% | 37.31% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$331.0K | $152.3K | $94.88K |
| YoY Change | -448.82% | -94.75% | -101.37% |
| Depreciation, Depletion And Amortization | $740.00 | $840.00 | $810.00 |
| YoY Change | -8.64% | -50.88% | -53.45% |
| Cash From Operating Activities | -$68.67K | -$54.72K | -$42.28K |
| YoY Change | 62.42% | -319.49% | -60.53% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | |
| YoY Change | |||
| Cash From Investing Activities | $0.00 | $0.00 | |
| 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 | 71.40K | 81.10K | 0.000 |
| YoY Change | -21.64% | -100.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -68.67K | -54.72K | -42.28K |
| Cash From Investing Activities | 0.000 | 0.000 | |
| Cash From Financing Activities | 71.40K | 81.10K | 0.000 |
| Net Change In Cash | 2.730K | 26.38K | -42.28K |
| YoY Change | -106.46% | -79.46% | -863.18% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$68.67K | -$54.72K | -$42.28K |
| Capital Expenditures | $0.00 | ||
| Free Cash Flow | -$54.72K | ||
| YoY Change | -319.49% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
USD | |
| CY2021Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | SSOK |
Paycheck Protection Program Loan Non Current
PaycheckProtectionProgramLoanNonCurrent
|
USD | |
| CY2021Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q3 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
USD | |
| CY2020Q3 | SSOK |
Lawsuit Judgement
LawsuitJudgement
|
USD | |
| SSOK |
Lawsuit Judgement
LawsuitJudgement
|
USD | ||
| CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2020Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | ||
| CY2021Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
USD | |
| CY2020Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
USD | |
| us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
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 | |
| CY2020Q1 | SSOK |
Issuance Of Common Stock For Exercise Of Warrants
IssuanceOfCommonStockForExerciseOfWarrants
|
USD | |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
USD | ||
| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | ||
| SSOK |
Excess Of Fair Value Of Common Stock Issued For Cash
ExcessOfFairValueOfCommonStockIssuedForCash
|
USD | ||
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
USD | ||
| SSOK |
Gain On Settlement Of Convertible Notes Payables
GainOnSettlementOfConvertibleNotesPayables
|
USD | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | ||
| us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
USD | ||
| CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
USD | |
| CY2020Q4 | SSOK |
Accrued Court Decision
AccruedCourtDecision
|
USD | |
| CY2020Q4 | SSOK |
Accrued Legal Fees
AccruedLegalFees
|
USD | |
| us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | ||
| us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | ||
| us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
USD | ||
| SSOK |
Proceeds From Receivables From Shareholders
ProceedsFromReceivablesFromShareholders
|
USD | ||
| us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
USD | ||
| us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
USD | ||
| SSOK |
Payments From Related Party Debt
PaymentsFromRelatedPartyDebt
|
USD | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | ||
| us-gaap |
Stock Issued1
StockIssued1
|
USD | ||
| us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
USD | ||
| SSOK |
Common Stock Issued In Exchange For Related Party Debt
CommonStockIssuedInExchangeForRelatedPartyDebt
|
USD |
