2021 Form 10-K Financial Statement

#000155837022002617 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $6.689M $40.00K $152.0K
YoY Change 4300.66% 0.0% 0.0%
Cost Of Revenue $790.0K
YoY Change
Gross Profit $5.899M
YoY Change
Gross Profit Margin 88.19%
Selling, General & Admin $128.1M $43.86M $107.9M
YoY Change 18.77% 521.25% 617.71%
% of Gross Profit 2171.38%
Research & Development $222.6M $42.96M $165.9M
YoY Change 34.17% 38.85% 7.6%
% of Gross Profit 3773.16%
Depreciation & Amortization $282.0K $50.00K $158.0K
YoY Change 78.48% 66.67% 58.0%
% of Gross Profit 4.78%
Operating Expenses $351.5M $86.82M $273.7M
YoY Change 28.39% 128.49% 61.78%
Operating Profit -$344.8M -$273.6M
YoY Change 26.02% 61.84%
Interest Expense $5.638M -$1.290M $6.329M
YoY Change -10.92% -32.11% 19.71%
% of Operating Profit
Other Income/Expense, Net -$3.331M -$150.0K -$5.787M
YoY Change -42.44% -151.72% 51.65%
Pretax Income -$348.1M -$88.22M -$279.4M
YoY Change 24.6% 122.95% 161512.42%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$348.1M -$88.22M -$279.4M
YoY Change 24.6% 122.94% 61.61%
Net Earnings / Revenue -5204.08% -220550.0% -183803.29%
Basic Earnings Per Share -$2.63 -$2.42
Diluted Earnings Per Share -$2.633M -$710.4K -$2.422M
COMMON SHARES
Basic Shares Outstanding 132.2M 131.5M 115.3M
Diluted Shares Outstanding 132.2M 115.3M

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $314.8M $605.4M $605.4M
YoY Change -48.01% 331.2% 331.2%
Cash & Equivalents $298.9M $553.4M $153.6M
Short-Term Investments $15.88M $52.00M $52.00M
Other Short-Term Assets $14.81M $1.083M $6.300M
YoY Change 135.13% 77.25% -27.59%
Inventory
Prepaid Expenses
Receivables $1.389M
Other Receivables $0.00
Total Short-Term Assets $331.0M $611.7M $611.7M
YoY Change -45.89% 310.15% 309.99%
LONG-TERM ASSETS
Property, Plant & Equipment $11.07M $481.0K $11.80M
YoY Change -6.2% 70.57% 0.0%
Goodwill $799.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $35.53M
YoY Change
Other Assets $1.264M $1.300M $1.300M
YoY Change -2.77% 0.0% 0.0%
Total Long-Term Assets $48.66M $13.90M $13.90M
YoY Change 250.1% 0.28% 0.72%
TOTAL ASSETS
Total Short-Term Assets $331.0M $611.7M $611.7M
Total Long-Term Assets $48.66M $13.90M $13.90M
Total Assets $379.6M $625.6M $625.6M
YoY Change -39.32% 283.8% 283.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.29M $37.00M $37.00M
YoY Change 38.63% 23.33% 23.33%
Accrued Expenses $11.60M $10.10M $10.10M
YoY Change 14.88% 87.04% 87.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $975.0K $22.18M $23.10M
YoY Change -95.78% 11450.0%
Total Short-Term Liabilities $65.38M $87.55M $87.60M
YoY Change -25.36% 3.68% 3.79%
LONG-TERM LIABILITIES
Long-Term Debt $66.79M $7.716M $7.700M
YoY Change 767.38% -73.37% -73.45%
Other Long-Term Liabilities $10.30M $11.00M $11.00M
YoY Change -6.33% 0.0%
Total Long-Term Liabilities $77.09M $7.716M $18.70M
YoY Change 312.26% -73.37% -53.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.38M $87.55M $87.60M
Total Long-Term Liabilities $77.09M $7.716M $18.70M
Total Liabilities $142.5M $106.3M $106.3M
YoY Change 34.03% -14.56% -14.55%
SHAREHOLDERS EQUITY
Retained Earnings -$980.6M
YoY Change 39.84%
Common Stock $141.0K
YoY Change 29.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $200.0K
YoY Change -14.53%
Treasury Stock Shares $41.31K
Shareholders Equity $237.2M $519.4M $519.4M
YoY Change
Total Liabilities & Shareholders Equity $379.6M $625.6M $625.6M
YoY Change -39.32% 283.8% 283.8%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$348.1M -$88.22M -$279.4M
YoY Change 24.6% 122.94% 61.61%
Depreciation, Depletion And Amortization $282.0K $50.00K $158.0K
YoY Change 78.48% 66.67% 58.0%
Cash From Operating Activities -$295.6M -$52.03M -$214.5M
YoY Change 37.82% 71.15% 61.52%
INVESTING ACTIVITIES
Capital Expenditures $401.0K -$160.0K $357.0K
YoY Change 12.32% 433.33% 172.52%
Acquisitions
YoY Change
Other Investing Activities $69.00K -$51.92M -$24.15M
YoY Change -100.29% -129900.0% 3993.22%
Cash From Investing Activities -$332.0K -$52.08M -$24.51M
YoY Change -98.65% 3313.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.42M 403.4M 679.8M
YoY Change -93.91% 310.16% 232.9%
NET CHANGE
Cash From Operating Activities -295.6M -52.03M -214.5M
Cash From Investing Activities -332.0K -52.08M -24.51M
Cash From Financing Activities 41.42M 403.4M 679.8M
Net Change In Cash -254.5M 299.3M 440.8M
YoY Change -157.75% 340.44% 523.59%
FREE CASH FLOW
Cash From Operating Activities -$295.6M -$52.03M -$214.5M
Capital Expenditures $401.0K -$160.0K $357.0K
Free Cash Flow -$296.0M -$51.87M -$214.9M
YoY Change 37.78% 70.79% 61.63%

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