2023 Q4 Form 10-Q Financial Statement

#000139390523000350 Filed on October 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q2
Revenue $0.00 $0.00 $70.00
YoY Change -100.0% -100.0% -97.48%
Cost Of Revenue $0.00 $0.00 $550.00
YoY Change -100.0% -100.0% 1.85%
Gross Profit $0.00 $0.00 -$480.00
YoY Change -100.0% -100.0% -121.43%
Gross Profit Margin -685.71%
Selling, General & Admin $42.26K $50.75K $63.88K
YoY Change -61.64% -58.36% -38.35%
% of Gross Profit
Research & Development $301.00 $306.00 $420.00
YoY Change -98.66% -98.66% -99.2%
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $42.56K $51.05K $64.30K
YoY Change -67.9% -64.72% -58.87%
Operating Profit -$42.56K -$51.05K -$64.78K
YoY Change -67.77% -64.79% -57.96%
Interest Expense $17.99K $25.90K -$14.61K
YoY Change 67.08% 167.52% 72.7%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$60.55K -$76.95K -$79.38K
YoY Change -57.6% -50.26% -51.17%
Income Tax
% Of Pretax Income
Net Earnings -$60.55K -$76.95K -$79.38K
YoY Change -57.6% -50.25% -51.17%
Net Earnings / Revenue -113400.0%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 62.92M shares 62.92M shares 62.92M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.62K $58.07K $98.30K
YoY Change 27.01% 503.64% 303.2%
Cash & Equivalents $22.62K $58.07K $98.30K
Short-Term Investments
Other Short-Term Assets $260.00 $4.252K $4.975K
YoY Change -95.81% -77.57% -70.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $22.88K $62.33K $103.3K
YoY Change -4.75% 118.09% 149.78%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.00 -$4.00 $0.00
YoY Change 50.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $22.88K $62.33K $103.3K
Total Long-Term Assets $3.00 -$4.00 $0.00
Total Assets $22.88K $62.33K $103.3K
YoY Change -4.74% 118.11% 149.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $648.2K $370.1K $408.3K
YoY Change 54.03% -15.08% -7.72%
Accrued Expenses $8.331K $42.48K $36.56K
YoY Change -73.4% 33.58% 26.61%
Deferred Revenue
YoY Change
Short-Term Debt $1.073M $1.056M $1.041M
YoY Change 33.27% 46.2% 58.26%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.548M $2.534M $2.489M
YoY Change 14.62% 18.77% 21.38%
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 $2.548M $2.534M $2.489M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.548M $2.534M $2.489M
YoY Change 14.62% 18.77% 21.38%
SHAREHOLDERS EQUITY
Retained Earnings -$10.29M -$10.23M -$10.15M
YoY Change 3.37% 4.25% 5.13%
Common Stock $62.92K $62.92K $62.92K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.525M -$2.471M -$2.385M
YoY Change
Total Liabilities & Shareholders Equity $22.88K $62.33K $103.3K
YoY Change -4.74% 118.11% 149.78%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$60.55K -$76.95K -$79.38K
YoY Change -57.6% -50.25% -51.17%
Depreciation, Depletion And Amortization $0.00
YoY Change -100.0%
Cash From Operating Activities -$35.33K -$40.36K -$25.62K
YoY Change -47.71% -46.66% -72.91%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 0.000 $0.00 116.4K
YoY Change -100.0% -100.0% 32.1%
NET CHANGE
Cash From Operating Activities -35.33K -$40.36K -25.62K
Cash From Investing Activities
Cash From Financing Activities 0.000 $0.00 116.4K
Net Change In Cash -35.33K -$40.22K 90.75K
YoY Change -501.02% 172.5% -1498.31%
FREE CASH FLOW
Cash From Operating Activities -$35.33K -$40.36K -$25.62K
Capital Expenditures
Free Cash Flow
YoY Change

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