2021 Form 10-K Financial Statement
#000121390022011208 Filed on March 09, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $26.40M | $22.46M |
| YoY Change | 17.55% | 154.65% |
| % of Gross Profit | ||
| Research & Development | $21.09M | $11.98M |
| YoY Change | 76.03% | 86.08% |
| % of Gross Profit | ||
| Depreciation & Amortization | $117.0K | $100.0K |
| YoY Change | 17.0% | -64.16% |
| % of Gross Profit | ||
| Operating Expenses | $47.49M | $34.44M |
| YoY Change | 37.89% | 125.78% |
| Operating Profit | -$47.49M | |
| YoY Change | ||
| Interest Expense | $237.0K | $470.0K |
| YoY Change | -49.57% | 80.77% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $237.0K | |
| YoY Change | ||
| Pretax Income | -$47.25M | -$33.98M |
| YoY Change | 39.06% | 127.06% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$47.25M | -$33.98M |
| YoY Change | 39.06% | 126.65% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$4.21 | |
| Diluted Earnings Per Share | -$4.207M | -$4.700M |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding | 11.23M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $91.23M | $168.6M |
| YoY Change | -45.89% | 2619.35% |
| Cash & Equivalents | $35.72M | $168.6M |
| Short-Term Investments | $55.51M | |
| Other Short-Term Assets | $1.883M | $900.0K |
| YoY Change | 109.22% | 12.5% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $93.11M | $169.4M |
| YoY Change | -45.03% | 2320.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $8.890M | $2.300M |
| YoY Change | 286.52% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $39.47M | |
| YoY Change | ||
| Other Assets | $1.610M | $1.900M |
| YoY Change | -15.26% | |
| Total Long-Term Assets | $79.48M | $33.80M |
| YoY Change | 135.16% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $93.11M | $169.4M |
| Total Long-Term Assets | $79.48M | $33.80M |
| Total Assets | $172.6M | $203.2M |
| YoY Change | -15.06% | 2802.86% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $954.0K | $900.0K |
| YoY Change | 6.0% | 200.0% |
| Accrued Expenses | $3.344M | $2.000M |
| YoY Change | 67.2% | 566.67% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.298M | $2.900M |
| YoY Change | 48.21% | 383.33% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $6.384M | $1.000M |
| YoY Change | 538.4% | |
| Total Long-Term Liabilities | $6.384M | $1.000M |
| YoY Change | 538.4% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.298M | $2.900M |
| Total Long-Term Liabilities | $6.384M | $1.000M |
| Total Liabilities | $10.68M | $3.900M |
| YoY Change | 173.9% | 550.0% |
| 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 | $161.9M | $199.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $172.6M | $203.2M |
| YoY Change | -15.06% | 2802.86% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2021 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001359931 | |
| CY2021Q2 | dei |
Entity Public Float
EntityPublicFloat
|
74300000 | USD |
| CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
USD | |
| CY2020 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
USD | |
| CY2020 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
USD | |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021 | tara |
Deferred Offering Costs Recognized Previously Recorded In Accrued Expenses
DeferredOfferingCostsRecognizedPreviouslyRecordedInAccruedExpenses
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
USD | |
| CY2021 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
USD | |
| CY2020 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
USD | |
| CY2020 | tara |
Settlement Of Restricted Stock Units
SettlementOfRestrictedStockUnits
|
USD | |
| CY2020 | tara |
Amortization Of Discounts And Premiums Investments
AmortizationOfDiscountsAndPremiumsInvestments
|
USD | |
| CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
USD | |
| CY2020 | tara |
Proceeds From Maturity And Redemption Of Marketable Debt Securities
ProceedsFromMaturityAndRedemptionOfMarketableDebtSecurities
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
USD | |
| CY2021 | tara |
Proceeds From September Common Stock Net Of Offering Costs
ProceedsFromSeptemberCommonStockNetOfOfferingCosts
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
USD | |
| CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2021 | tara |
Proceeds From Issuances Of Convertible Preferred Stock
ProceedsFromIssuancesOfConvertiblePreferredStock
|
USD | |
| CY2021 | tara |
Proceeds From Underwriters Overallotment Option
ProceedsFromUnderwritersOverallotmentOption
|
USD | |
| CY2021 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
USD | |
| CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2021 | tara |
Purchase Of Insurance Agreement With Notes Payable
PurchaseOfInsuranceAgreementWithNotesPayable
|
USD | |
| CY2021 | tara |
Common Stock Issued In Connection With The Reverse Merger
CommonStockIssuedInConnectionWithTheReverseMerger
|
USD | |
| CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
USD | |
| CY2020 | us-gaap |
Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
|
USD | |
| CY2020 | tara |
Accrued Interest On Marketable Debt Securities
AccruedInterestOnMarketableDebtSecurities
|
USD | |
| CY2021Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
USD | |
| CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Income Tax Expense Benefit
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|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
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| CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
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|
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| CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
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|
pure |
