2024 Q2 Form 10-K Financial Statement

#000121390024032308 Filed on April 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.533M $1.414M $3.510M
YoY Change 369.01% 490.22% 288.15%
% of Gross Profit
Research & Development $400.7K
YoY Change -41.22%
% of Gross Profit
Depreciation & Amortization $102.9K
YoY Change
% of Gross Profit
Operating Expenses $2.933M $1.414M $3.510M
YoY Change 448.13% 490.22% 288.15%
Operating Profit -$2.933M
YoY Change 183.97%
Interest Expense $24.95M -$18.05M -$14.69M
YoY Change 1620.53% -1787.72% -907.58%
% of Operating Profit
Other Income/Expense, Net $24.95M $0.00 -$14.69M
YoY Change 1619.8% -899.04%
Pretax Income $22.02M -$19.46M -$18.20M
YoY Change 2304.54% -2445.74% -2048.59%
Income Tax $0.00 $897.7K $1.580M
% Of Pretax Income 0.0%
Net Earnings $22.02M -$20.36M -$19.78M
YoY Change 3438.69% -3406.16% -3429.76%
Net Earnings / Revenue
Basic Earnings Per Share $0.25
Diluted Earnings Per Share $0.23 -$3.00 -$1.82
COMMON SHARES
Basic Shares Outstanding 86.90M shares
Diluted Shares Outstanding 96.16M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $256.5K $20.00K $20.00K
YoY Change -96.33% -96.33%
Cash & Equivalents $256.5K $19.98K
Short-Term Investments
Other Short-Term Assets $777.1K $28.33M $28.33M
YoY Change 288.57% 13039.17% 13039.17%
Inventory $24.43K $22.73K
Prepaid Expenses $267.7K $85.54K
Receivables $999.00 $2.164K
Other Receivables $302.5K $187.5K
Total Short-Term Assets $1.629M $28.35M $28.35M
YoY Change 925.25% 3624.11% 3624.12%
LONG-TERM ASSETS
Property, Plant & Equipment $2.194M $2.319M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.99M $42.99M
YoY Change -66.35% -66.35%
Other Assets $778.2K $0.00
YoY Change -100.0%
Total Long-Term Assets $4.910M $42.99M $42.99M
YoY Change -88.24% -66.36% -66.36%
TOTAL ASSETS
Total Short-Term Assets $1.629M $28.35M $28.35M
Total Long-Term Assets $4.910M $42.99M $42.99M
Total Assets $6.540M $71.35M $71.35M
YoY Change -84.39% -44.51% -44.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.402M $2.131M $2.131M
YoY Change 183.49% 385.32% 385.32%
Accrued Expenses $890.4K $890.0K $890.0K
YoY Change 17700.0% 17700.0%
Deferred Revenue
YoY Change
Short-Term Debt $3.386M $2.203M $2.203M
YoY Change 160.48% 1657.62% 1657.62%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.70M $71.21M $71.21M
YoY Change 606.43% 7731.44% 7731.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $24.70M $71.21M $71.21M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $24.70M $75.54M $75.54M
YoY Change 215.9% 1343.78% 1343.78%
SHAREHOLDERS EQUITY
Retained Earnings -$97.70M -$28.53M
YoY Change 1184.57% 632.55%
Common Stock $8.709K $6.980K
YoY Change 72475.0% 58066.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$18.16M -$28.53M -$4.191M
YoY Change
Total Liabilities & Shareholders Equity $6.540M $71.35M $71.35M
YoY Change -84.39% -44.51% -44.51%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $22.02M -$20.36M -$19.78M
YoY Change 3438.69% -3406.16% -3429.76%
Depreciation, Depletion And Amortization $102.9K
YoY Change
Cash From Operating Activities -$1.501M -$516.1K -$2.661M
YoY Change 42.92% 1698.26% 267.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $7.250M
YoY Change
Other Investing Activities -$66.48K -$62.90K $88.58M
YoY Change -100.07% -170.32%
Cash From Investing Activities -$66.48K -$62.90K $88.58M
YoY Change -100.07% -170.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $89.04M
YoY Change -27.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00 597.5K -$86.44M
YoY Change -100.0% -167.94%
NET CHANGE
Cash From Operating Activities -1.501M -516.1K -$2.661M
Cash From Investing Activities -66.48K -62.90K $88.58M
Cash From Financing Activities 50.00 597.5K -$86.44M
Net Change In Cash -1.567M 18.50K -$525.7K
YoY Change 1641.21% -164.46% -196.34%
FREE CASH FLOW
Cash From Operating Activities -$1.501M -$516.1K -$2.661M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023Q4 us-gaap Stock Redeemed Or Called During Period Shares
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CY2023Q4 sti Funds Payable To Redeemed Class A Stockholders
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