2021 Form 10-K Financial Statement
#000121390022014844 Filed on March 24, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $88.16K | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $10.57M | $8.010M |
| YoY Change | 32.01% | 152.68% |
| % of Gross Profit | ||
| Research & Development | $21.30M | $10.68M |
| YoY Change | 99.45% | 21.09% |
| % of Gross Profit | ||
| Depreciation & Amortization | $111.5K | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $31.87M | $18.69M |
| YoY Change | 70.54% | 55.88% |
| Operating Profit | -$31.79M | |
| YoY Change | ||
| Interest Expense | $51.23K | $130.0K |
| YoY Change | -60.59% | 8.33% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $696.7K | |
| YoY Change | ||
| Pretax Income | -$31.04M | -$18.57M |
| YoY Change | 67.14% | 56.44% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$31.04M | -$18.57M |
| YoY Change | 67.14% | 56.44% |
| Net Earnings / Revenue | -35207.25% | |
| Basic Earnings Per Share | -$1.25 | |
| Diluted Earnings Per Share | -$1.251M | -$909.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 24.82M shares | |
| Diluted Shares Outstanding | 24.82M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $33.79M | $35.30M |
| YoY Change | -4.26% | 25.67% |
| Cash & Equivalents | $33.79M | $35.30M |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.448M | $2.260M |
| YoY Change | 8.32% | 107.34% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $38.84M | $37.56M |
| YoY Change | 3.4% | 28.67% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.860M | $1.100M |
| YoY Change | 69.08% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $1.860M | $1.100M |
| YoY Change | 69.08% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $38.84M | $37.56M |
| Total Long-Term Assets | $1.860M | $1.100M |
| Total Assets | $40.70M | $38.66M |
| YoY Change | 5.27% | 32.44% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.494M | $1.300M |
| YoY Change | 14.91% | 217.07% |
| Accrued Expenses | $416.9K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.961M | $1.320M |
| YoY Change | 48.54% | 221.95% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.961M | $1.320M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $1.961M | $1.320M |
| YoY Change | 48.54% | -14.29% |
| 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 | $38.74M | $37.34M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $40.70M | $38.66M |
| YoY Change | 5.27% | 32.44% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$31.04M | -$18.57M |
| YoY Change | 67.14% | 56.44% |
| Depreciation, Depletion And Amortization | $111.5K | $0.00 |
| YoY Change | ||
| Cash From Operating Activities | -$29.56M | -$16.62M |
| YoY Change | 77.84% | 48.13% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$868.5K | -$1.100M |
| YoY Change | -21.04% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$868.5K | -$1.100M |
| YoY Change | -21.04% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 28.88M | 24.99M |
| YoY Change | 15.59% | -13.98% |
| NET CHANGE | ||
| Cash From Operating Activities | -29.56M | -16.62M |
| Cash From Investing Activities | -868.5K | -1.100M |
| Cash From Financing Activities | 28.88M | 24.99M |
| Net Change In Cash | -1.541M | 7.270M |
| YoY Change | -121.19% | -59.23% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$29.56M | -$16.62M |
| Capital Expenditures | -$868.5K | -$1.100M |
| Free Cash Flow | -$28.69M | -$15.52M |
| YoY Change | 84.85% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | tffp |
Research And Development Tax Incentive Receivable
ResearchAndDevelopmentTaxIncentiveReceivable
|
USD | |
| CY2020Q4 | tffp |
Accrued Compensation Liabilities
AccruedCompensationLiabilities
|
USD | |
| CY2020 | us-gaap |
Revenues
Revenues
|
USD | |
| CY2020 | us-gaap |
Other Income
OtherIncome
|
USD | |
| CY2020 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| CY2020 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
USD | |
| CY2020 | tffp |
Receivable Due From Collaborations Agreement
ReceivableDueFromCollaborationsAgreement
|
USD | |
| CY2020 | tffp |
Research And Development Tax Incentive Receivables
ResearchAndDevelopmentTaxIncentiveReceivables
|
USD | |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2021 | tffp |
Conversion Of Series Preferred Stock Including Accrued Dividends To Common Stock
ConversionOfSeriesPreferredStockIncludingAccruedDividendsToCommonStock
|
USD | |
| CY2020 | tffp |
Weightedaverage Remaining Contractual Term Granted
WeightedaverageRemainingContractualTermGranted
|
||
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
USD | |
| CY2020 | tffp |
Weightedaverage Remaining Contractual Term Cancelled
WeightedaverageRemainingContractualTermCancelled
|
||
| CY2020 | tffp |
Aggregate Intrinsic Value Cancelled
AggregateIntrinsicValueCancelled
|
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 Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
USD | |
| CY2021 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
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 Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
pure | |
| CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
pure |
